Weatherbys Private Bank

Private Banking based in Edinburgh

From Thurso to Dumfries, the Weatherbys personal service reaches out across Scotland

Weatherbys Private Bank’s Scotland Office is thriving. Duncan Gourlay, Associate Director, who was tasked with launching the Edinburgh office in 2015, explains why more and more Scots are becoming part of the Weatherbys family.

The history of Weatherbys Private Bank Scotland

A name synonymous with horse racing, Weatherbys initially launched the Racing Bank to serve the equestrian community. Due to its unparalleled success and reputation for exceptional client service, this laid the foundation for Weatherbys Private Bank. We have long had presence in Scotland, but we believed there was a gap in the market north of the border for a private bank such as ourselves.
Having started from a relatively small base in 2015, our Scottish headquarters, based in Edinburgh’s Rutland Square, is today home to eight staff. But the single office belies our national coverage. Some quick postcode analysis highlights that we have clients from as far north as Thurso to Dumfries in the south.

Working as a team of trusted advisors

During our early days, our strong connections with several leading law, solicitor and accountancy firms introduced us to many of our first clients. These numbers grew quickly, much of it by word of mouth. Today, our clients include everyone from professionals, young entrepreneurs, small business owners to traditional land-owners – the latter of which have been overlooked by some private banks in the past for not being “fashionable”.

“Clients like speaking to someone they know and trust, who understands their unique financial arrangements.” – Duncan Gourlay, Associate Director

Powering innovation and sustainability across Scotland

Indeed, there is more innovation in the rural community than many might expect. Diversification is increasingly important for a landowner’s bottom line. The latest figures from the Scottish Government show that farms that have diversified boosted their annual income by an average of £21,300 last year.* The most common diversified activity continues to be renting out farm buildings, while micro electricity generation, wind turbines and hosting mobile telephone masts have proved profitable for many farmers..
One of our clients, the Torrisdale Castle Estate, secured a loan from us to help fund a hydro-electric scheme backed by a 20-year government subsidy. The estate subsequently opened a gin distillery by utilising this hydro power with expectations to sell around 5,000 bottles of its Kintyre Gin a year. Today, it sells three times as many bottles with plans afoot to open a visitor centre and café.

Scottish Government Statistics

Working with you, from generation to generation

"We offer a traditional banking model offering a personal service people are looking for from their Private Bank. Clients like talking to someone they know and trust, who understands their unique financial arrangements. At our heart is a personal service focused on investment advice, lending and financial planning." - Hayley Robinson, Private Banker. 

We look at all aspects of our clients’ financial life to get a complete picture of their finances. We consider your assets, their income and their outgoings and assess their future spending requirements. Once we have understood their goals and looked at their current investments, we will apply our three key areas of expertise: cash flow and tax planning, structuring affairs efficiently, and your investments.
As part of this, we focus on having a financial roadmap in place, in the form of a cash flow plan that will help clients map out their financial requirements and demonstrate how various different scenarios might affect those needs. Not only will a clear cash flow plan help our clients to save and eventually spend their money in the most tax-efficient manner, but it also gives them a deeper understanding of what they are working towards.

Business as usual at Weatherbys Private Bank

Until the Covid-19 pandemic, travelling across the country to see clients was a key part of our bankers’ role. You get to understand so much more regarding a client’s situation when you meet them face to face and it helps build a personal relationship, so they become part of the Weatherbys’ family. It’s why we pride ourselves on being good listeners.
During the lockdowns and social restrictions, visits were replaced with video and phone calls, and a constant stream of emails. Many of our clients live alone, so keeping in touch, ensuring they were okay and checking whether there was anything they needed, was very important to us. And with the prospect of restrictions being lifted in the not-too-distant future, Duncan, Hayley and Graeme will be back on the road. A visit to the Isle of Skye, beckons.

How Weatherbys can help

Our award-winning Private Bank has a long tradition of delivering exceptional levels of personal service to our clients. We have an experienced private banking team in Scotland, led by Duncan Gourlay, Associate Director. To find out more, simply click the "Enquire Now" button on the right hand side.

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Duncan Gourlay


Duncan is a Director and is responsible for the Weatherbys Private Bank Office in Edinburgh. He joined Weatherbys Private Banking in 2013 from Barclays Wealth, where he was a Private Banker. Prior to Barclays Wealth, Duncan worked for Bank of Scotland for fifteen years and at Adam and Co for five years, where he was a Senior Private Banker, looking after Private Clients and Families. Duncan holds Chartered Banker Status from the Chartered Institute of Bankers in Scotland as well as being a member of the Chartered Institute for Securities and Investments.

Hayley Robinson

Private Banker

Hayley joined Weatherbys Private Bank in 2016 and currently works within our Scotland office, looking after a portfolio of clients. Prior to joining Weatherbys, she worked at Bank of Scotland Private Banking for 9 years and holds experience of assisting Relationship Managers, providing Partnership Loans to UK firms and for a period, as a Financial Crime Officer liaising directly with the National Crime Agency. Hayley is a qualified mortgage advisor and a member of the Chartered Institute of Securities and Investments.

Graeme Buchanan

Private Banker

Graeme is a Private Banker at Weatherbys. He joined in October 2014 from Bank of Scotland where he was a Private Banking Manager looking after the banking requirements of a portfolio of high net worth clients. This was a role he held for thirteen years. Prior to this, he worked in the Branch network of Bank of Scotland where he was the manager of a number of Branches across the Central Region of Scotland. Graeme is a Member of the Chartered Institute of Bankers in Scotland and a Member of the Personal Finance Society and the Chartered Insurance Institute.

Important information

Please note that the value of investments can do down as well as up, and you may not get back the full amount originally invested.


At Weatherbys, we take a personal approach to lending, creating tailored, flexible mortgages and bespoke lending solutions to meet your needs


At Weatherbys, we take a reassuringly conservative approach to managing our balance sheet going above and beyond industry standards to ensure your money is safe and secure.


We go above and beyond to help you achieve the very best financial future.