Anthony Thomson, founder of Metro Bank and Atom Bank, is set to disrupt the private banking sector with plans for a new international bank aimed at family offices and ultra-high-net-worth individuals.
Tentatively named Family Offices Bank, the venture is scheduled to launch in late 2026, focusing on affluent clients and investment groups seeking tailored financial services.
Thomson intends to employ a hybrid model that merges advanced AI and digital banking capabilities with personalized relationship management. He plans to raise an initial £100 million to kickstart the bank, with ambitions to increase funding to £500 million over the next five years.
Investment will come exclusively from family offices and high-net-worth individuals, who will also comprise the client base. Investors will have collective ownership of the bank, ensuring they receive dividends and a commitment that the institution will not be listed or sold.
The project is currently awaiting regulatory approval and is in discussions with authorities in Jersey, Singapore, and the United Arab Emirates regarding licensing opportunities.