Ray Entwistle, formerly chairman of Adam & Co, hopes to launch the as yet unamed private bank in July 2012.

Royal Bank of Scotland GroupRay Entwistle, formerly chairman of Adam & Co, hopes to launch the as yet unamed private bank in July 2012.: "Two former board members of Adam & Co, the private bank owned by the Royal Bank of Scotland, are set to launch a new wealth manager, following in the success of several rival boutiques setting up in the past couple of years.

Ray Entwistle, formerly chairman of Adam & Co, plans to launch the as yet unnamed private bank in July 2012. It wlll be based in London and Edinburgh.

Entwistle, who will become chairman of the venture, will be joined by fellow former Adam & Co board member Simon Miller. David Nabarro and and Alex Hammond-Chambers, who are on the boards of several ventures, will become non-executive directors."

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