Arbuthnot Banking Group, a private bank, completed the acquisition of Asset Alliance, a provider of vehicle finance and related services, for £10m. "We are delighted to welcome Willie and his team to the Group. This acquisition of Asset Alliance is complementary to our strategy of diversification and developing businesses in the specialist commercial finance sectors. Their experienced management team have built the foundations for future growth and now that it will no longer be constrained by third party funding limits, I look forward to Arbuthnot enabling this business to grow and prosper in the future," Henry Angest, Arbuthnot Banking Group Chairman and CEO.