Number 13

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

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?

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

7

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.

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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

13

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.