With this newly-created role, the bank is seeking to deepen its relationships with clients and provide access to financial planning experts with specialist knowledge of their wealth management needs.

Coutts has appointed Laura Kingman in the newly-created role of head of financial planning.

Joining from Nutmeg as executive director of wealth services, Kingman will bring her experience of working in a range of transformational and leadership roles across the financial services industry, the bank said in a statement.

She has led large, complex teams and will head up a business of 40 financial planners and team leaders, reporting directly to her, the UK private bank said.

Kingman, who has previously served in senior roles at Fidelity, Nutmeg and JPMorgan Chase & Co, is experienced in building client experience and developing and aligning technology and digital capability.