United Kingdom

Prince Andrew goes into business with banker accused of sexual harassment

Prince Andrew has set up a company with former Coutts banker Harry Keogh (Picture: PA)

Prince Andrew has gone into business with a disgraced banker accused of sexual harassment.

The Duke of York set up a company with Harry Keogh, who resigned from the Queen’s bank, Coutts, in March 2018.

Mr Keogh was accused of inappropriately touching young female staff and making lewd comments. 

The once star financier attended Andrew’s daughter Princess Eugenie’s wedding, and is understood to have been his ‘private banker for some 20 years’, a source told the Times.

According to Companies House records, the new firm, Lincelles, was formed in June last year, and is reported to be a vehicle for Andrew’s family investments.

Lincelles appears to be named after an 18th-century battle against the French, which was commanded by the then Duke of York, Prince Frederick.

Andrew controls 75% of the company, along with Mr Keogh, with both listed as persons with significant control over Lincelles.

The firm’s other controller is Charles Douglas, a commercial lawyer who advises high net worth individuals, and works closely with private banks and offshore funds.

The Duke of York is listed as a person with significant control over the company (Picture: WPA Pool/Getty)

Its director, Dominic Hampshire, is the secretary of the QuadCentenary Club, where Andrew is chairman.

Mr Keogh’s behaviour at Coutts was said to be so toxic that some female staff refused to work with him.

He was accused of touching the groin of a trainee in her 20s in front of other workers, according to notes from an internal probe seen by the Wall Street Journal.

An investigation was reportedly launched by the private bank in 2015, but it was decided he should stay. He was reportedly disciplined, and eventually resigned in 2018.

Mr Keogh told the Times that a non-disclosure agreement with Coutts meant he could not comment on the allegations.

Harry Keogh arrives at Princess Eugenie’s wedding at Windsor Castle in October 2018 (Picture: PA)

A spokesman for the Royal Bank of Scotland, Coutts’ parent company, said at the time: ‘Following media attention and the consequent strain placed on him and his family, Harry Keogh resigned.’

A spokesman for Andrew said: ‘The Duke of York’s private office established the Urramoor Trust, which owns both Lincelles Unlimited and Urramoor Limited, a private limited company, which files public accounts.

‘The trust, of which the Duke of York is settlor but not a beneficiary, has independent trustees.

‘The duke is not an owner of either Lincelles or Urramoor Limited as a matter of fact and law. Lincelles Unlimited has never been operational, has not received any funds or paid any moneys out.’

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