Arbuthnot Latham, the private banking arm of UK-listed Arbuthnot Banking Group, said it has hired former Citigroup manager Dean Proctor to the newly created post of deputy chief executive.

Mr Proctor will have “overall responsibility for all front office operations”, the firm said in a statement. He formerly worked at the retail business of Citigroup, most recently holding the position of marketing director.

Arbuthnot issued its results yesterday, showing profits rose in the six months to 30 June from the same period in the previous year.