“It has been a privilege to have served as the chairman of Coutts. Whilst my admiration for the brand remains as strong as ever, I believe it is in the best interests of Coutts to have someone as its chair who can make a long-term commitment to supporting the business through the next phase of its growth,” Lord Remnant said. “For personal reasons I am unable to make that commitment, but I am looking forward to supporting our CEO, Emma Crystal and the management team in an advisory capacity.”

“Lord Remnant has been a great support to me since I joined Coutts as CEO. I am delighted that he will remain with us in an advisory capacity and I am looking forward to continuing to work closely with him to deliver for our clients and achieve our growth ambitions,” Crystal said.

Rick Haythornthwaite, chairman, NatWest Group, also thanked Lord Remnant for his stewardship of Coutts over the last two years: “He has guided the business through a period of significant change and I am delighted that he will continue to play a valuable role as a senior advisor to the Coutts management team.”

In 2023 Coutts and its parent group were hit by the resignations of Peter Flavel, Coutts CEO, and Alison Rose, NatWest's CEO, amid the "de-banking" saga of politician and broadcaster Nigel Farage. Coutts' new CEO is Emma Crystal.