Serial banking entrepreneur Anthony Thomson, known for founding Metro Bank, atom bank, and Bank 86,400, is preparing to launch his fourth bank, aimed specifically at family offices (FOs) and ultra-high-net-worth individuals (UHNWIs). The new venture, tentatively named Family Offices Bank, will be owned by the FOs it serves, allowing them to share in the economic value they help create.
Thomson has assembled a team of seasoned banking professionals, including Paul Pester, Stuart Grimshaw, Samantha Bamert, and Sudip Dasgupta, to spearhead this initiative. The bank aims to address the dissatisfaction many FOs feel with current banking services. “FOs and UHNWIs are increasingly frustrated with the service they receive from their banks,” Thomson stated, highlighting the need for bespoke solutions and modern digital banking technology.
The bank plans to leverage artificial intelligence and advanced digital banking tools to offer flexible, tailored services. Thomson emphasised that the bank will be “unshackled from legacy systems and traditional organisational structures,” aiming to disrupt the status quo.
Set to launch in late 2026, the bank is currently in the capital-raising phase, seeking investments exclusively from FOs and UHNWIs, who will also be its clients. Potential locations for the bank include Jersey, Singapore, and the UAE, with a final decision expected later this year.
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