Rising Stars Wealth Managers
‘Growing up, it was my hope that I would be of sufficient interest to be invited to join the bank, and ultimately the partnership,’ recalls Rennie Hoare. He managed much more than that – not only is he nowanamebreathedwithrespect at the bank, but he was also nominated for Spear’s Private Banker of the Year in 2018.
Hoare first worked at the boutique Guinness Asset Management before a formative spell at T Rowe Price, where he ended up leading the relationship with Morningstar and helped rewrite the firm’s ESG policy statement. It was the education he needed, so that when he joined the family bank he hit the ground running and began building an internal network. He is now both partner and head of philanthropy.
‘For customers, discussions about philanthropy give us a chance to hear what motivates them and what their passions are,’ he tells Spear’s.
Reaching the partnership has also brought a wider remit. ‘I am one of the custodians of our values and ethos. I recently led a project to distil our guiding behaviours into a single purpose statement. This involved high engagement with the partnership, senior management and employees.’
When he thought hard about the question it was precisely the philanthropy brief that impacted his conclusions: ‘I thought carefully about our purpose and decided that it should be to be “good bankers and good citizens”.’