cite any sources . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . october 2015 learn how and when to remove this template message adam and company a marketing brand name within royal bank of scotland plc type brand name industry finance and insurance founded 1983 headquarters edinburgh scotland uk products financial services number of employees c 120 parent royal bank of scotland website www.adambank.com adam and company is a brand name used by royal bank of scotland to cater for the needs of private bank customers based in the united kingdom . it offers a range of private banking services including discretionary investment management and financial planning services to high net worth clients in the uk . the bank was founded in edinburgh in 1983 by a group of scottish business people . edinburgh is often referred as the birthplace of scottish enlightenment and one of the leading lights of that era adam smith published an inquiry into the nature and causes of the wealth of nations in 1776 which revolutionised economic theory . adam & company was named after this leading figure of the time . the bank s principal and registered company address is 25 saint andrew square in edinburgh and they have three further offices . contents 1 history 2 office locations 3 see also 4 references 5 external links history edit the bank was founded in 1983 opening its first branch in charlotte square edinburgh scotland on 29 may 1984 . in 1986 adam and company acquired london based continental trust london limited ; and later established an international arm in guernsey . branches in glasgow manchester and aberdeen were also opened between 1987 and 2005 . in 1993 following substantial foreign exchange related losses adam and company was acquired by the royal bank of scotland who provided the capital needed to rebuild the bank s weakened balance sheet . after the royal bank of scotland acquired natwest in 2000 restructuring of the group saw adam and company placed in the bank s wealth management services division alongside rival coutts the largest private bank in the uk . in 2002 adam and company acquired stewart ivory wealth management . during the years until 2012 adam & company established a place as a major force in niche private banking and became the bank of choice for the elite of industry politics and family wealth in scotland . in 2012 adam & company became the first uk bank to implement the avaloq investment and banking platform which paved the way for integration with coutts and a range of efficiency savings leading to job losses for almost half of the workforce . in late 2011 the company moved its registered office to a newly refurbished georgian townhouse at 25 saint andrew square where it remains today . the facility is said to enjoy an enviable art collection fine furnishings and exclusive private dining facilities where client entertaining takes place . in 2014 and as part of a wider and more radical shake up to the divisional structure of parent rbs adam & company under the leadership of rbs group exec graham storrie was made a subsidiary of coutts and consolidated into the commercial and private banking division of rbs under divisional ceo alison rose . in september 2016 adam s parent the royal bank of scotland plc announced that the personal and business activities of rbs in scotland would be merged with the balance sheet of adam & company increasing its size by around 50 times and effectively removing adam s legal status as a standalone bank . rbs announced its intention to keep the brand name for use with private banking clients . office locations edit adam and company has four offices in edinburgh ho glasgow aberdeen and london . the adam international business in guernsey closed its doors in 2012 . an office in manchester closed in 2014 after some 15 years of operations . see also edit there are three other private banking brands within the royal bank of scotland group coutts & co child & co drummonds bank both child & co and drummonds ceased operating as banks soon after acquisition by rbs but remain as brands operating on the main pra licence of rbs where customers enjoy privileged services such as relationship management and discounts on standard retail banking products but where fscs protection for deposits and other regulatory matters are not distinct from those relating to high street banking customers of rbs . references edit external links edit official website v t e the royal bank of scotland group banking current adam & company child & co. coutts & co. drummonds bank isle of man bank natwest the royal bank of scotland rbs international ulster bank former williams & glyn s bank citizens financial group international westminster bank national westminster bank usa loans and mortgages jamjarcars lombard the one account investment banking rbs securities board of directors sir philip hampton chairman ross mcewan group ceo sir sandy crombie ewen stevenson alison davis penny hughes morten friis brendan nelson baroness noakes robert gillespie aileen taylor annual group revenue 19.7 billion gbp 2013 employees 118 600 stock symbol lse rbs website www.rbs.com v t e banks of scotland adam and company airdrie savings bank bank of scotland clydesdale bank halifax intelligent finance royal bank of scotland sainsbury s bank tesco bank tsb bank v t e commercial and retail banks in the united kingdom banking in the united kingdom barclays barclays bank barclays wealth cybg clydesdale bank yorkshire bank hsbc holdings first direct hsbc bank hsbc private bank m & s bank lloyds banking group1 bank of scotland bank of wales birmingham midshires halifax lloyds bank royal bank of scotland group2 adam and company child & co. coutts & co. drummonds bank natwest royal bank of scotland ulster bank santander group cahoot cater allen santander uk wholly state owned national savings and investments post office money uk financial investments uk asset resolution bradford & bingley3 nram3 other airdrie savings bank al rayan bank aldermore allied irish bank gb first trust bank arbuthnot latham & co secure trust bank bank and clients bank of ireland butterfield bank cambridge & counties bank c. hoare & co close brothers group the co operative bank smile danske bank duncan lawrie handelsbanken harrods bank icici bank uk julian hodge bank kingdom bank kleinwort benson metro bank monzo onesavings bank raphaels bank reliance bank n m rothschild & sons sainsbury s bank sg hambros shawbrook bank standard chartered tesco bank triodos bank tsb unity trust bank virgin money big four banks are underlined and private banks are shown in italics 1 10 % owned by ukfi 2 73 % owned by ukfi 3 mortgage assets only retrieved from https en.wikipedia.org w index.php title adam and company & oldid 744470911 categories banks of the united kingdombanks of scotlandroyal bank of scotland groupbanks established in 1983private bankscompanies based in edinburgh1983 establishments in scotlandbritish companies established in 1983hidden categories articles lacking sources from october 2015all articles lacking sourcesofficial website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 october 2016 at 12 34 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . 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