Number 12

ISSUE 12

David Bell, founding director.

25 April in Shanghai, China.

WELCOME FROM DAVID BELL

Welcome to Number 12.

Since our last issue, we’ve been doing a

on our upcoming launch in Nairobi,

fair bit of globe trotting!

introduce you to one of our members, and share some engaging articles from

This past month has seen us launch

some of the thought leaders within our

PCD in New York and Shanghai, as

growing network of members.

well as the PCD Ladies concept in Zurich. We have discussed family law

As always, any questions about how

and high-net-worth divorce matters

you can increase your involvement with

over breakfast in London; and

the Private Client Dining Club, just

relocation and mobility for high-net-

drop me a line.

worth clients into and out of Ireland

David Bell, founding director.

over dinner in Dublin. A huge thank

#jointheclub #oneteamonedream

you to all of our sponsors for their

#makeithappen

support, as always.

We have also introduced an exclusive benefit for corporate members - a 7-day ‘namecheck’ across our social media channels in our efforts to support your business development by giving you the opportunity to raise your profile and share content to a targeted audience

TO CONTRIBUTE TO FUTURE

within the private client community.

ISSUES, PLEASE CONTACT OUR

Contact lucy@pcd.club for more

EDITOR BY EMAILING

information.

LUCY@PCD.CLUB

Please enjoy this issue of our monthly digital magazine where we focus on what’s coming up next in the UK capital, showcase some highlights from the year so far, shed a spotlight

3

DINNER DESTINATIONS

Dinner destinations for 2019

Dublin Guernsey

New York

Jersey

Miami

4

DINNER DESTINATIONS

Isle of Man Leeds Edinburgh London Manchester Bristol Zurich Geneva Shanghai

Dubai

Hong Kong Mumbai

Nairobi

Cape Town

5

WHAT’S HAPPENING

What’s happening?

Just in case you thought that in all our globe trotting we had forgotten about London, we have a great variety of upcoming events taking place in the capital which will take us right into the summer.

Philanthropy Panel Many private wealth professionals joined our Philanthropy Panel at The Francis Crick Institute on Thursday 23 May. We are grateful to Hawksford, sponsors of our evening reception, and to our

Russia & CIS Forum

hosts, Cancer Research UK. A panel discussion chaired by Sianne Haldane,

We then hold a Russia & CIS Wealth

Head of Planned Giving Philanthropy

Management Forum at The Washington

at Cancer Research UK, kickstarted the

Hotel in Mayfair on Tuesday 2 July.

panel with panelists including:

This is a regional forum for advisors dealings with Russian and CIS clients,

• James Maloney, Charities and

with a key note address from Roger

Philanthropy Partner at Farrer & Co,

Gherson of Gherson London. The

Deputy Chair of STEP Philanthropy

event is kindly sponsored by ARQ

Special Interest Group

Group from Malta and IPG Family

• Anna Josse, CEO of Prism The Gift

Office from Zurich. It will cover topical

Fund

issues like Unexplained Wealth Orders

• Darren Kelland, Head of Private

(UWOs); citizenship schemes offered

Client Services, Hawksford

by the UK and other jurisdictions; latest

• Anthony Donatelli, Head of

tax changes impacting individuals from

Phillanthropy Services UK at UBSS

Russia and CIS countries; control and confidentiality issues; buying residential

VIEW GALLERY

property in the UK and elsewhere.

6

BOOK NOW

WHAT’S HAPPENING

Networking Dinner

NextGen Summer Party

Join us at The Langham Hotel for

Lastly, find us at

a networking dinner sponsored by

Greenhouse in

Hawksford on Thursday 4 July which is

Marylebone on

free for members under their allowance

Thursday 11 July for

or £250 + VAT for guests. This will be

our NextGen Summer Party. Colleagues

the second of three London networking

with less than 5 years’ experience are

dinners that we will host at this

encouraged to attend the quarterly

prestigious venue in 2019. Register now

meet ups that PCD are facilitating for

to avoid disappointment.

corporate members. Online booking will be available shortly but contact tickets@

REGISTER NOW

pcd.club to register your interest in the meantime.

REGISTER YOUR INTEREST

AS ALWAYS, KEEP UP-TO-DATE WITH OUT EVENTS CALENDAR VIA THE PCD WEBSITE. CLICK HERE

7

SPOTLIGHT ON

Spotlight on Nairobi serve wealthy international families.

The majority of the audience will be composed of private client lawyers, accountants, wealth managers, bankers and trust companies.

Our goal is to make new connections between advisors based in key global financial centres. We are expecting good numbers of guests from London,

PCD club is delighted to launch in

Switzerland, Dubai, Mauritius and

Nairobi on Thursday 20th June at the

other international financial centres.

Kempinski Villa Rosa.

A full guest list will be provided to all

VIEW THE KEMPINSKI VILLA

delegates in advance of the event.

ROSA WEBSITE

Please take a look at the gallery and

Our Gold sponsor for the event is the

guest lists from our Cape Town

multi family office Audina Treuhand

dinner last November for a flavour of

AG and Silver sponsor is Barclays

who attends our events.

Private Bank. Further sponsorship

If you have any queries please contact

opportunities for the event are still

us at tickets@pcd.club.

available - please download the brochure here for more details.

The format of the evening will be a one hour drinks reception followed

REGISTER NOW TO AVOID

by a networking dinner. Guests will

DISAPPOINTMENT

have the opportunity to circulate and meet professionals from a variety of specialisms and locations, all of whom 8

WHAT’S NEXT

What’s next?

NETWORKING DINNER

NETWORKING DINNER

VIEW GENEVA 13-06-19

VIEW NAIROBI 20-06-19

RUSSIA & CIS FORUM

NETWORKING DINNER

VIEW LONDON 02-07-19

VIEW LONDON 04-07-19

VIEW ALL UPCOMING EVENTS

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THOUGHT LEADERSHIP

Thought Leadership Insurance for the Global Citizen: Negotiating the pitfalls for family office and trust managers.

By Mike Taylor-West, La Playa Private Client & Marine.

READ ARTICLE

Top tips for negotiating in today’s uncertain market.

By Hannah Aykroyd, Aykroyd & Co.

READ ARTICLE

Why cash isn’t always king when it comes to acquiring a private jet.

By Iain Houseman at Elit’Avia.

READ ARTICLE

Prime or corporate member?

Contact lucy@pcd.club to share your news or advertise.

10

Mark Davies Albert Einstein told his accountant “the hardest thing in the world to understand is income taxes” since then technology has made the world much smaller, taxes have become more complex and governments more avaricious, which provides many tax problems to solve. I am a private client tax specialist, with a leaning towards international tax issues. This means that I am generally

Mark Davies

more interested in dealing with the tax

& Associates

issues of people rather than companies,

(“MDA”) is an

although many wealthy individuals

award-winning

do not see the distinction between

firm of Chartered

themselves and their businesses. I have

Tax Advisers focussed on international

a particular interest in dealing with

clients. Mark Davies established MDA

UK resident non-doms, being one

in 2007. Based in the City of London, it

myself. I love the spirit of adventure that

boasts HNW and UHNW clients from

they have and I love the fact that with

around the world, including the UK.

planning we can deliver considerable tax

Mark Davies is a Chartered Tax Adviser

savings to our clients.

with over 20 years post-qualified

Why did you set up MDA?

experience. He has been named Tax

Prior to setting up MDA I was a

Commentator of the Year by Tolley’s

private client partner at a top 10 firm of

Taxation magazine and Tax Accountant

accountants. My job had evolved into

of the Year by Spear’s Wealth

marketing and managing the...

Management magazine.

READ FULL INTERVIEW

Tell us why you work in tax?

I enjoy solving problems! In the 1950s 11

MEET OUR MEMBERS

MEET OUR MEMBERS

PCD IN PICTURES

PCD in Pictures Since the start of 2019 PCD has been all around the world. Here are some highlights - for more information and to view each gallery in full please click the thumbnails.

7 FEBRUARY - LONDON - PANEL

13 FEBRUARY - LONDON - CHINA NOW

15 FEBRUARY - MUMBAI - PANEL

28 FEBRUARY - PANEL AND DINNER

6 MARCH - LONDON - PANEL

7 MARCH - BRISTOL - DINNER 12

20 MARCH - LONDON - NEXTGEN

21 MARCH - LONDON - DINNER

18 APRIL - NEW YORK - DINNER

25 APRIL - SHANGHAI - DINNER

8 MAY - LONDON - PANEL

9 MAY - DUBLIN - PANEL AND DINNER

VIEW ALL PCD GALLERIES HERE.

9 MAY - ZURICH - COCKTAIL RECEPTION 13

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Contact lucy@pcd.club