Top Recommended UHNW Wealth Managers
‘My clients are typically UK or Irish residents who are self-made, worldly and very wealthy individuals and their families looking for sound and practical advice on managing their wealth,’ says Giles Crowe.
Crowe, a senior private banker at Citi since 2005, focuses on the UK onshore and offshore UHNW market. His 30-year career has included spells at Coutts, Merrill Lynch, and Barclays Private Bank.
Although Crowe has seen some ‘Brexit overhang’, he also sees London’s place remaining central in terms of servicing European and Middle Eastern wealth. In fact, in terms of flux, he’s more concerned by the uncertainty around the proposed changes to non-dom tax rules which were due to take effect from 6 April but were removed from the Finance Bill, leaving many in limbo. He had been busy shepherding clients through the proposed changes.
This is not to say there have been no headaches over Brexit. ‘Unknowns are never welcome,’ he says, ‘and further regulation – that impacts both clients and wealth managers alike because of the associated costs. Who pays for them in the end?’
Even so, Crowe remains optimistic about the future of the industry, and Citi’s place in
it: ‘The people – the depth and breadth of talent across the business is fantastic, giving me the best opportunity possible to give sound advice,’ he says.