Two former board members of Adam & Co, the private bank owned by the Royal Bank of Scotland, are set to launch a new wealth manager, following in the success of several rival boutiques setting up in the past couple of years.

Ray Entwistle, formerly chairman of Adam & Co, plans to launch the as yet unnamed private bank in July 2012. It wlll be based in London and Edinburgh.

Former chairman of Adam & Co plans to set up the wealth manager by July 2012 – following in success of  rival boutiques

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Entwistle plans private bank launch

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