Anthony Thomson, founder of Metro Bank and Archie, has unveiled Family Offices Bank, a new global banking venture designed for ultra-high-net-worth individuals and family offices. Announced via LinkedIn, Thomson positioned the bank as a departure from traditional models, promising a modern, AI-driven approach to meet the complex and evolving needs of this niche clientele.
The bank aims to use AI to deliver tailored, seamless services, from advanced data gathering for informed financial decisions to streamlining back-end workflows. While the Bank of England has flagged potential AI risks, research from Accenture suggests AI could boost productivity in financial services by up to 30%.
Thomson has assembled an experienced leadership team including:
- Amanda Bamert, Non-Executive Director at Firenze and former Head of Lending and Credit Product at Barclays Bank UK
- Paul Pester, former CEO of TSB Bank and advisor to the UK Treasury
- Sudip Dasgupta, founding CTO of Monument Bank
- Stuart Grimshaw, ex-CEO of Bank of Queensland
The bank will be based in Jersey and operate with a client co-ownership model, allowing customers to share in ownership and influence the bank’s direction. It is currently in a £100 million Series A fundraising round, with a target of £500 million over five years, and plans to launch in late 2026.
Thomson, who also co-founded Atom Bank and Australia’s 86 400, said his vision was shaped by 18 months of consultations with family offices worldwide, revealing a gap between their needs and what existing banks deliver.
