SIR David Murray’s family investment firm Murray Capital has agreed a deal for Barclays to take over as its sole banker, ending a long-standing relationship with Bank of Scotland owner Lloyds.
David D. Murray, son of former Rangers owner Sir David, and director of Murray Capital, said the new banking arrangement represented a “step change” as the business planned for future growth.
He added: “It allows us more flexibility in our finances and Barclays’ collegiate approach impressed us throughout the process. We see this as a strong financial partnership to guide [our] ongoing success. We have invested in a healthy pipeline of strategic land assets across central Scotland, as well as trading businesses, and will continue to welcome opportunities in both.”
Jamie Grant, head of corporate banking for Barclays in Scotland, said: “Murray Capital has diversified and grown over the past few years and was looking for a bank that shared its future vision.”
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