Q2, 2024
Contents
14
16
36
The Agenda
10 EDITOR’S LETTER
By Edwin Smith
12 READERS’ LETTERS
Our readers share their views
14 DIARY
Gallerist Pearl Lam on life as a champion of Asian contemporary art
16 PHILANTHROPY
Rory Stewart on efficient ways to help the world’s poorest people
18 TALKING HEADS
To the Lanesborough, for a Spear’s event focusing on mental health
20 THE HEDGEHOG
News from around the HNW universe, from property to the restaurant scene
22 BOOKS
Orlando Whitfield’s All That Glitters
24 LIQUID LUNCH
With fabled interior designer Martin Brudnizki
26 ROBERT AMSTERDAM
Why we shouldn’t believe everything we see and read about Ukraine
27 ANNAMARIA KOERLING
The era of private trust companies
29 MATTHEW GOODWIN
The Tories need a lot more than pre-election tax cuts to right the ship
31 GUIDO ALFANI
Issues over social mobility existed for centuries before nepo-babies arrived
The Briefing 33
WEALTH MANAGEMENT
34 CALL OF DUTY
The FCA’s new ‘consumer duty’ regulations are causing headaches for UK wealth management firms
36 A PERFECT STORM
For the first time since the 2008 crash, the Masters of the Universe are feeling positive
39 HOT SPOT
With 4,500 millionaires having moved to the UAE in 2023, wealth managers are licking their lips
41 ARC AND ITS COVENANTS
How ARC’s private client indices have become part of the furniture across the industry
