Try GOLD - Free
Atom founder to launch new bank for the ultra rich
The Journal
|July 25, 2025
THE founder of North East challenger bank Atom Bank and high street name Metro Bank has announced plans to launch his fourth bank.
Anthony Thomson - who founded Durham-based digital bank Atom in 2014 before stepping down in 2018 - plans to raise £100m in an initial fund-raise for the fresh venture, a global bank aimed at family offices and ultrahigh net worth individuals. He said early interest “has been extraordinary”.
Mr Thomson, now 71, is planning to launch the new bank Family Offices Bank in 2026, with an executive team which will include former Virgin Money and TSB boss Paul Pester, former Barclays executive Samantha Bamert and Stuart Grimshaw, a former executive at Commonwealth Bank of Australia.
This story is from the July 25, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
We can't expect any gifts from Villans - Le Bris
REGIS Le Bris still feels Sunderland will need to play their best football to get a positive result against Aston Villa, despite their opponents’ poor start to the season.
2 mins
September 20, 2025
The Journal
Man accused of knocking reveller out at local pub
A MAN has appeared in court accused of knocking a reveller out at a well-known Tyneside pub.
1 min
September 20, 2025
The Journal
STOCKING THRILLER
But you don't need to wait until Christmas time to enjoy this festive-themed mystery from author Robin Stevens
1 min
September 20, 2025
The Journal
Operator confirms changes to train services
CROSSCOUNTRY is to make changes to its train timetable in December, with Newcastle Central Station set to be boosted with additional services.
1 min
September 20, 2025
The Journal
Crash driver appears in court
A driver has appeared in court accused of causing a motorcyclist serious injuries after a crash in North Tyneside.
1 min
September 20, 2025
The Journal
Hyacinths inside out
GROW DISPLAYS TO DAZZLE ON TABLES THEN BORDERS
2 mins
September 20, 2025
The Journal
Mental health tech tools helping to rehabilitate offenders
MENTAL health tech innovator XR Therapeutics has adapted its tools for use with people convicted of serious offences.
2 mins
September 20, 2025

The Journal
Pay increases are branded 'obscene'
COUNCILLORS in North Tyneside have voted through a set of pay rises for themselves, which have been branded “obscene” by opponents.
2 mins
September 20, 2025
The Journal
Drunk boyfriend punched partner in the face
A DRUNK boyfriend left his partner with cuts to her lip and loose teeth after punching her in the face.
1 min
September 20, 2025
The Journal
Bates calls for focus as Bay look to progress
FA VASE
2 mins
September 20, 2025
Listen
Translate
Change font size