Wednesday, July 19, 2023

Coutts Boss Who Handled Nigel Farage’s Bank Account Is a Staunch Remainer

THE TELEGRAPH: Camilla Stowell, the head of private clients, says Brexit ruined the economy and puts diversity at the heart of the business

A top executive at Coutts who handled Nigel Farage’s bank account is an avowed Remainer who has judged a diversity essay prize.

Camilla Stowell, the bank’s managing director and head of private and commercial clients, described herself as a “Remainer” and said she believed Brexit had damaged the economy.

The 50-year-old, who sits on Coutts’ executive committee, has embraced its pivot towards saving the planet and putting diversity at the heart of the business.

On Tuesday, The Telegraph revealed that Mr Farage’s account was closed after staff on the bank’s reputational risk committee “did not think continuing to bank NF [Nigel Farage] was compatible with Coutts given his publicly stated views that were at odds with our position as an inclusive organisation”.

The committee reports directly to the chief executive’s office, according to the Coutts annual report. It was unclear whether Ms Stowell sits on the committee, but she has been Mr Farage’s point of contact and replied on behalf of the lender to his subject access request.

Mr Farage told The Telegraph that he had several phone calls and emails with Ms Stowell since he was first told his account was closing. » | Neil Johnston, Senior News Reporter | Wednesday, July 19, 2023

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