Peter Gale

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.’