ISSUE 13
David Bell, founding director. 15 May in Guernsey.
WELCOME FROM DAVID BELL
Welcome to Number 13. What a year we are having!
to make new connections between advisors based in one of the key
We most recently took PCD to Geneva
financial centres in the world.
for a panel discussion and fantastic evening of networking. We aim to host
I am equally delighted to announce that
our events in first-class venues around
response to our Next Gen Summer
the world, and the Mandarin Oriental
Party on 11 July has been extremely
was no exception. Huge thanks to Gold
positive, with close to 70 guests already
sponsors DĂśhle Corporate and Trust
registered. A reminder that places for
Limited and Silver sponsors
these events are allocated to those with
Keystone Law, Hamilton Rose Tax
5 years or less professional experience
and Finance IM.
who have been nominated by corporate members so let us know if there is
We then took to Nairobi to launch the
someone in your company who wishes
PCD concept in Kenya with a full house
to attend.
from international financial centres including London, Switzerland, Dubai
Beyond the summer months, we will be
and Mauritius, and the support of Gold
taking PCD to Edinburgh, Zurich, Isle
sponsors Audina Treuhand AG and
of Man, Leeds, London, Miami, Dubai,
Silver sponsors Barclays Private Bank.
Hong Kong, Jersey and Cape Town before the year is out. Booking pages for
It’s great to see PCD events continuing
events from September will be available
to grow in popularity. We are operating
shortly via this link.
a waiting list for our Russia & CIS Wealth Management Forum on 2 July
Thanks for your support and enjoy this
in Mayfair, kindly sponsored by
issue of our digital magazine!
ARQ Group and IPG.
David Bell, founding director.
Likewise, tickets for our networking
#jointheclub #oneteamonedream
dinner in London on 4 July are going
#makeithappen
fast. Sponsored by Hawksford, this event will give you the opportunity
CONTRIBUTE TO THIS MAGAZINE
3
DINNER DESTINATIONS
Dinner destinations for 2019
Dublin Guernsey
New York
Jersey
Miami
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DINNER DESTINATIONS
Isle of Man Leeds Edinburgh London Manchester Bristol Zurich Geneva Shanghai
Dubai
Hong Kong Mumbai
Nairobi
Cape Town
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WHAT’S HAPPENING
What’s happening? Sponsors Support Success
‘Combined with the increased global competition of jurisdictions competing
Following a well-received launch in the
to be “the place’’ to do business, this was
city in 2018, PCD Club returned to
an ideal opportunity to showcase the Isle
Geneva on 13 June to bring together
of Man as a jurisdiction that can and is
industry-leading figures from the legal,
competing on the global stage.’
banking, investment management, property and finance sectors for an
Silver sponsors of the
evening of high quality networking at
event were Keystone
the Mandarin Oriental. The event
Law, Hamilton Rose
was supported by Gold sponsors Döhle
Tax and Finance IM.
Corporate and Trust Limited.
Michael Crowe, Finance Isle of Man Chief Executive, said: ‘2019 is a busy year for the Finance Agency promoting the Isle of Man as an international finance centre of innovation
John Bateson, Döhle Corporate and
and excellence; the latter encompassing
Trust Services Director, said: ‘This was
a busy event schedule supporting our
an ideal opportunity for the Isle of Man
financial services sector.
to demonstrate the strengths it has and
Supporting the event in Geneva was
the work it has undertaken as a whole to
part of our desire to grow our brand and
ensure it is among the top most reputable
jurisdictional awareness.’
jurisdictions in the world.
John Hunter, Finance Isle of Man Head
The landscape affecting high-net-worth
of Banking and Fiduciaries, added: ‘As a
individuals, families and multi-national
highly and well regulated jurisdiction with
corporates has changed dramatically over
a leading AML/CFT framework, the Isle
recent years.
6
WHAT’S HAPPENING
of Man should feature in all discussions advisers are having when looking to structure or restructure their clients’ affairs. We were delighted to partner with
Too often the benefits of using our
Audina Treuhand AG and Barclays
jurisdictions are inadvertently overlooked
Private Bank to bring our format to the
when the island has so many strengths
Kempinksi Villa Rosa for a prestigious
both in its propositions and its ability to
dinner event.’
deliver creative and meaningful solutions in meeting the clients’ needs.’
Commenting on their sponsorship of the event, Barclays Private Client Bank
PCD Club also recently held its inaugural
Senior Investment Strategist, Henk Potts,
networking dinner in Nairobi, the key
said: ‘It’s been a turbulent time in global
professional services hub for East Africa.
financial markets as investors try to assess
‘Following our successful launch in Cape
the impact of trade wars, political and
Town last year, entering the Kenya market
social instability in Europe and Brexit
was a logical next move,’ said PCD
uncertainty. Over dinner it was interesting
Founder David Bell.
to analyse the outlook for the global economy, while highlighting some of the
‘Many PCD members and sponsors travel
risks and opportunities for clients.
to Kenya as one of Africa’s most dynamic economies. There is a long history of
Barclays Private Bank was delighted to
international professional services firms
support the first PCD dinner hosted in
travelling into Kenya from the UK,
Nairobi, helping to bring together the key
Channel Islands, Isle of Man, Switzerland
partners of Kenya’s wealthiest families.’
and Mauritius.
TO LEARN MORE ABOUT SPONSORSHIP OPPORTUNITIES WITH PCD, VISIT OUR WEBSITE OR SEND US AN EMAIL
WEBSITE
EMAIL US
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SPOTLIGHT ON
Spotlight on London ‘This event will be a great opportunity for members to make new connections with professionals from a variety of specialisms and locations, all of whom serve wealthy international families. We have a number of new international members this year, following our expansion into new markets during 2018, and we look forward to International private wealth
increasing our international outlook
professionals will join us at a prestigious
further this year for the benefit of all our
event in London on Thursday 4th July
members.’
at the Langham Hotel.
The event is sponsored by Hawksford who deliver efficient administration
VIEW THE LANGHAM WEBSITE
and services to large and multinational
The format of the evening will be a
corporates and SMEs as well as
one hour drinks reception, followed
entrepreneurs, HNWIs and advisers.
by a networking dinner. PCD Club
Hawksford Private Client Director
events are designed to aid networking
Michael Powell said: ‘Hawksford is
and maximise business development
delighted to have a further opportunity
opportunities in a relaxed and social
to support a PCD dinner. These well
setting.
organised professional events bring
PCD Founder David Bell said: ‘We are
together an extraordinarily diverse range
delighted to be back in the capital next
of skill sets and personalities involved in
month – our London dinners are always
the private client world of which we are
hugely popular and we are expecting over
all very proud to be part.’
150 private wealth professionals from London, Manchester, Bristol, Channel
BOOK YOUR TICKETS HERE
Islands, Isle of Man and Switzerland. 8
WHAT’S NEXT
What’s next?
RUSSIA & CIS FORUM
NETWORKING DINNER
VIEW LONDON 02-07-19
VIEW LONDON 04-07-19
NEXT GEN: SUMMER PARTY
NETWORKING DINNER
VIEW LONDON 11-07-19
VIEW EDINBURGH 12-09-19
VIEW ALL UPCOMING EVENTS
9
THOUGHT LEADERSHIP
Thought Leadership Home Is Where the Heart Is: Establishing Jurisdiction in Family Proceedings By Rachel Orrett at Howard Kennedy
READ ARTICLE
Venice Biennale 2019: Top National Pavilions By The Fine Art Group
READ ARTICLE
US Supreme Court Ruling Impacting Non-US Companies Selling into American Market By Darlene Hart & James Debate
READ ARTICLE
How Families Can Preserve Their Wealth in a Changing World By Andra Ilie
READ ARTICLE
Prime or corporate member? Contact lucy@pcd.club to share your news or advertise.
10
INTRODUCING MONTROSE ADVISORY
Introducing Montrose Advisory Quite simply to help people live long and fulfilling lives. I’ve seen too many people over the years battle through life with a stiff upper lip. I want to do my bit to reduce the stigma attached to mental health. As a society, we are becoming much more open to discussing mental health, but there is still some way to go. The positive work Princes Harry and William are doing is certainly raising awareness which is making it less taboo. Tell our members a bit more about your business and its relevance within the private client world. Montrose Advisory provides an
We met with Jonathan Edgeley to talk
independent health concierge service.
about his experience founding
We assist businesses, individuals
Montrose Advisory, providing
and families on matters of mental
independent guidance to individuals
and behavioural health that require
and their families suffering from
professional assistance.
addiction, trauma and other behavioural disorders.
We work across the whole spectrum, from phobias to anxiety to inpatient
You have a wealth of experience in
residential treatment for addictive...
private healthcare, particularly in relation to behavioural and mental health. What
READ FULL INTERVIEW
inspired you to launch Montrose Advisory at this point in your career? 11
MEET OUR MEMBERS
John Hunter and Finance Isle of Man itself, John plays a key role in bridging between Government and industry to encourage partnership, promote opportunity and encourage success. Finance Isle of Man Finance Isle of Man was established last year as an executive agency of the Department for Enterprise. Its remit is to help Island businesses and entrepreneurs fulfil their potential, as well attract new business to the island and to act as a bridge between government and John Hunter, Head of Banking and
industry to help ensure the island’s long-
Fiduciaries, Finance Isle of Man - with
term economic prosperity. As a private/
over 35 years’ experience across a wide
public partnership - Finance Isle of Man
spectrum of sectors including, banking,
is tasked with collaborating with local
Fiduciary, Life and Captive Insurance
industry in order to understand and best
and Funds.
represent the needs of our finance sector.
John works closely with the financial
To further support this private/public
and professional services sectors to
synergy, Finance Isle of Man has a board
support growth and success as well as
made up of private sector experts. Their
ensuring, in conjunction with business
main objectives are to create a shared
partners, that the Island’s exceptional
vision for financial services industries...
financial services are promoted both on-Island and internationally. As are READ FULL ARTICLE
representative and face of both the Island’s banking and fiduciary sectors 12
MEET OUR MEMBERS
MEET OUR MEMBERS
Derek Rhodes Tell us about your role as a Jersey trustee? Dealing with individual private clients rather than corporations, means getting to know the families at a very personal level. As a Trustee I can be involved in various matters requiring a deep understanding of the family dynamics and a mutual trust that is only built-up over time. I hope that clients see me as a long-term trusted voice within the family, guiding them and providing support. It’s a privileged role and one that can be very Alex Picot Trust Company is an
challenging, but thoroughly enjoyable.
independent Jersey trust company,
Who are your clients?
specialising in offshore family trusts. It
Alex Picot Trust was born out of a long-
is 100% privately owned, director-lead
standing Jersey accountancy firm and
and boasts a loyal staff with an average
so naturally we have a portfolio of local
service among its senior team of 24
clients. Many we have worked with over
years.
a number of generations, including one
Derek Rhodes qualified as a Chartered
family that has been with us for 80 years.
Accountant with PWC before joining
We also provide offshore services to
Alex Picot, the accountancy practice, as
clients around the world specifically the
Audit Manager in 1992.
U.K. and Africa where our marketing...
Today, Derek is one of three directors leading Alex Picot Trust Company.
READ FULL INTERVIEW
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Member Statistics
Business Development
96% are actively looking to expand their professional network.
Value
90% surveyed said they have benefitted from their club membership.
Quality Connections
100% have been in the private client industry for 5+ years.
www.pcd.club
International Outlook
45% are actively looking for international connections.
High-end
98% enjoy the premium venues, first-class service and high-end dining club feel of our events.
Membership
20% Lawyers, 18% Investment Managers, 15% Private bankers / Financial Advisors, 13% Accountants, 13% Trustees, 6% Property related & 6% Currency Brokers.