Top Recommended UHNW Wealth Managers
Jamie Black catches up with Spear’s after a challenging 12 months in the investment world. The predictions for US interest rates have been particularly hard to follow, he observes. ‘Most economists were predicting three or four rises in 2019 towards the end of last year,’ he says. ‘Now the same economists are predicting two or three cuts this year!’
Thankfully, the turnaround in expectations has catalysed ‘a more confident outlook’ in the global equities markets and government bonds. ‘It still has its challenges,’ he cautions. ‘The trade war is ongoing and is still probably no closer to a resolution.’ Black is expanding the private wealth team he manages. The year has seen new hires, including a partner from Edmond de Rothschild. He believes his company is a bastion of continuity in a turbulent sea, given the volatility in recent markets.
It’s no wonder his own pension is ‘100 per cent in Sarasin’s core funds,’ as he once told Spear’s. Black is ‘a superb rep’, according to a distinguished peer. Before joining Sarasin in 1996, he had started a new role at NCL Investments just days before the 1987 stock market crash.
An academic with an MA in modern languages from Cambridge and various industry accreditations in the private client world, Black favours an extremely thorough approach to client management, and firmly believes in enrolling the next generation in the firm’s internship scheme.