Drummonds Bank
Encyclopedia
Messrs. Drummond is an English private banking house
Private banking
Private banking is banking, investment and other financial services provided by banks to private individuals investing sizable assets. The term "private" refers to the customer service being rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers...

 founded in 1717 by goldsmith
Goldsmith
A goldsmith is a metalworker who specializes in working with gold and other precious metals. Since ancient times the techniques of a goldsmith have evolved very little in order to produce items of jewelry of quality standards. In modern times actual goldsmiths are rare...

 Andrew Drummond (1688–1769). Drummonds Bank was owned by the Drummond family until 1924, when it was taken over by the Royal Bank of Scotland
Royal Bank of Scotland
The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...

 in its first acquisition south of the border.

The bank offers a variety of services to its private clients, including wealth and asset management. It has had its headquarters at 49 Charing Cross in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 since 1760. The building was reconstructed in 1877 to 1881; Admiralty Arch
Admiralty Arch
Admiralty Arch is a large office building in London which incorporates an archway providing road and pedestrian access between The Mall, which extends to the South-West, and Trafalgar Square to the North-East. It was designed by Sir Aston Webb, constructed by John Mowlem & Co and completed in 1912...

 was built and the Mall laid out nearby shortly after.

In 1992, the private military bank of Holt & Company was absorbed into the Drummonds business; it continues to operate as Holt's Military Banking, based at the "Centre of Excellence" in Farnborough, Hampshire. Drummonds maintains a specialised department for UK National Lottery
National Lottery (United Kingdom)
The National Lottery is the state-franchised national lottery in the United Kingdom and the Isle of Man.It is operated by Camelot Group, to whom the licence was granted in 1994, 2001 and again in 2007. The lottery is regulated by the National Lottery Commission, and was established by the then...

 winners, offering specialist advice through the client's account manager.

The bank previously held accounts for a variety of distinguished figures including: HM King George III
George III of the United Kingdom
George III was King of Great Britain and King of Ireland from 25 October 1760 until the union of these two countries on 1 January 1801, after which he was King of the United Kingdom of Great Britain and Ireland until his death...

 and other members of the royal family including the Queen Mother
Elizabeth Bowes-Lyon
Elizabeth Angela Marguerite Bowes-Lyon was the queen consort of King George VI from 1936 until her husband's death in 1952, after which she was known as Queen Elizabeth The Queen Mother, to avoid confusion with her daughter, Queen Elizabeth II...

. Other famous clients included Alexander Pope
Alexander Pope
Alexander Pope was an 18th-century English poet, best known for his satirical verse and for his translation of Homer. He is the third-most frequently quoted writer in The Oxford Dictionary of Quotations, after Shakespeare and Tennyson...

, Benjamin Disraeli, Beau Brummell
Beau Brummell
Beau Brummell, born as George Bryan Brummell , was the arbiter of men's fashion in Regency England and a friend of the Prince Regent, the future King George IV...

, Isambard Kingdom Brunel
Isambard Kingdom Brunel
Isambard Kingdom Brunel, FRS , was a British civil engineer who built bridges and dockyards including the construction of the first major British railway, the Great Western Railway; a series of steamships, including the first propeller-driven transatlantic steamship; and numerous important bridges...

, Robert Adam
Robert Adam
Robert Adam was a Scottish neoclassical architect, interior designer and furniture designer. He was the son of William Adam , Scotland's foremost architect of the time, and trained under him...

 and James Adam, Lancelot “Capability” Brown
Capability Brown
Lancelot Brown , more commonly known as Capability Brown, was an English landscape architect. He is remembered as "the last of the great English eighteenth-century artists to be accorded his due", and "England's greatest gardener". He designed over 170 parks, many of which still endure...

, Josiah Wedgwood
Josiah Wedgwood
Josiah Wedgwood was an English potter, founder of the Wedgwood company, credited with the industrialization of the manufacture of pottery. A prominent abolitionist, Wedgwood is remembered for his "Am I Not A Man And A Brother?" anti-slavery medallion. He was a member of the Darwin–Wedgwood family...

 and Thomas Gainsborough
Thomas Gainsborough
Thomas Gainsborough was an English portrait and landscape painter.-Suffolk:Thomas Gainsborough was born in Sudbury, Suffolk. He was the youngest son of John Gainsborough, a weaver and maker of woolen goods. At the age of thirteen he impressed his father with his penciling skills so that he let...

.

See also

The Royal Bank of Scotland
Royal Bank of Scotland
The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...

 also own three other private banks:
  • Adam and Company
    Adam and Company
    Adam and Company Plc is a private banking house based in the United Kingdom, part of the Royal Bank of Scotland Group. It offers a range of private banking services including investment management and advisory services to customers in the UK and overseas....

  • Child & Co.
  • Coutts & Co.
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