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Wealth Management & Private Banking
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Spear's Review
‘Times of crisis tend to be times of great opportunity to us,’ says Peter Gale. He tells Spear’s how in 2008, the UK’s oldest private bank proved itself as a ‘flight to safety’ for an influx of new customers. It’s a similar story with coronavirus. ‘Whenever there’s uncertainty, we tend to do well,’ he adds.
Gale heads up one of the four private banking teams at C. Hoare & Co., as well as overseeing the firm’s tax department, developing regional strategy and managing a small portfolio of his own clients. The bank remains a ‘unique business’, he says. It ‘is ultra-conservative; the family has 100 per cent unlimited liability in the business so we have an ultra-robust balance sheet and high levels of liquidity and capital.’
Rank: Top Recommended
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