Citywealth Edition

Citywealthmag.
com: For Ultra High Net Worth Individuals, Their Advisers and Wealth Managers
Citywealth
Edition 149.
Awards Special 2013
Magic Circle Awards bring the private

wealth worlds nest together
In this issue
Citywealth Magic Circle
Awards
Awards Night
1
The Award winners
7
Interview:
Chris Lazarides
News
QMS Medicosmetics
The secret to a six pack
Welcome to The World
The Citywealth
International Financial
Centre Awards
he Citywealth Magic Circle

Awards on 16 May 2013,
was the eighth annual
event and was held at the five-star
Grange Hotel St Pauls in London.
The Citywealth Magic Circle
Awards were established to
highlight the excellence of
advisors and managers in the
Citywealthmag.com
private wealth sector in the UK

and internationally.
Andrew Neil, British journalist
and broadcaster, was host for the
evening and the event saw nearly
400 wealth managers and private
client advisors welcomed by a
glittering floor-to-ceiling LED pole
advertising Citywealth in the
38
42
45
48
51
53
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Joe Bell, Managing Director:
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Citywealth magazine, Awards Special 2013 l 1
MAGIC CIRCLE
AWARDS 2013
Mariorita Neocleous,
Andreas Neocleous & Co
LLC, and Julian Washington,
RBC Wealth Management.
L to R: Mason Birbeck, Collas

Crill; Katharine Landells,
Withers; John Barrett, C
Hoare & Co; Annamaria
Koerling, C Hoare & Co;
Edward Stone, Collas Crill;
and Patricia Milner, Withers.
hotels lobby. The event also had

each table awash with orchids and
featured Jharda, a singing harpist,
who performed modern tunes
with her classical instrument.
The Citywealth Magic Circle
Awards, which were sponsored by
Northern Trust, Hassium Asset
Management, Penningtons, SGPB
Hambros, Baker & McKenzie,
Citywealthmag.com
Mercator, Sanne Group, Summit

Trust International, Arkion,
Lawrence Graham, Hawksford,
Close Brothers Asset
Management, and Katten Muchin
Roseman, New York, have a
traditional, classic format, with
black tie and ball gowns being the
order of the day, and, for the
eighth year, took note of the
MAGIC CIRCLE
AWARDS 2013
Nina Johnstone and Sheila

Dean, Equiom.
economic conditions: the evening

had a slightly shorter champagne
reception to allow dinner and the
awards presentation to be
finished just before 10pm
enabling more serious afterdinner networking and mandate
influencing in the Citywealth
hosted bar.
The classic evening merged
with modern social media as
guests sipped champagne and
they balanced their phones and
tweeted Just met Andrew Neil at
The Citywealth Awards.
The singing harpist played
tunes from artists such as Alicia
Keys and Norah Jones, as the
toastmaster, Paul Deacon, called
the throng to dinner. Once in the
orchid-filled ballroom, guests
were asked to be seated as Karen
Jones, Editor, Citywealth and
Andrew Neil waited to make their
entrance. When the guests were
seated, the toastmaster led them
to their table in a ceremonial
manner.
Good causes
As dinner was served, Holly
Citywealthmag.com
Colvin representing The Lords

Taverners and an English
womens cricket international,
who currently holds the record for
being the youngest Test cricketer
of either sex to play for England,
took the stage to encourage the
sale of raffle tickets for the
charity. Her plea resounded well
with the room and the charity
banked several thousand pounds
on the night.
An additional charitable talk
came from Ram Gidoomal CBE,
who was the CEO of the
$200million family business
Inlaks. He gave up his career after
visiting the slums of India, being
moved by the horrible poverty to
work for Traidcraft. Traidcraft
helps co-operatives in countries
like Brazil trade with the UK.
Traidcraft puts in governance
structures in small communities
and shows them how to work
together to sell collectively then
strike deals with companies such
as Nestle, Cadbury and
Sainsburys to sell their goods at
fair market prices. He asked for a
30,000 donation to help
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MAGIC CIRCLE
AWARDS 2013
L to R: Andrew Palmer, David

Scott, Bandish Gudka,
Catherine Farrant of Vestra
Wealth; Isabelle Morton of
Macfarlanes.
research and development which

helps Traidcraft identify issues to
be solved and create solutions,
and also for 100,000 to help a
whole community raise
themselves from poverty through
trade.
Fine dining
A fine dinner commenced with a
chicken and chorizo tart, sea bass
with pesto sauce, a raspberry
bread pudding and ice cream then
petit fours and coffee. Once coffee
cups were on the table, Karen
Jones, Editor, Citywealth, who
wore a navy couture dress with a

Swarovski crystal halter neck
made by Rachel Elbaz of Rachel
Couture, took the stage to
announce three awards decided
by the Editor: Tomorrow Club,
Citywealth Young Professional of
the Year and Editors Choice
Award. After announcing the
winners and wishing the watching
eager throng good luck for the
upcoming awards, Jones
introduced Andrew Neil to the
stage to commence the
announcement of the winners for
2013.
For more information, please contact

Charlotte Denton, +44 (0) 20 7982 3430
Asset Servicing Asset Management Wealth Management
Citywealthmag.com
northerntrust.com
Specialists in
private wealth
A leading independent provider of international
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net worth families and international entrepreneurs.
Family office
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Corporate and family governance
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For more information please contact:
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Director
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Hugh Cathcart
Director
hugh.cathcart@sannegroup.com
+44 (0)1534 750588
+44 (0)1534 710231

www.sannegroup.com
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Sanne Trust Company Limited is a member of the Sanne Group and is regulated by the Jersey Financial Services Commission (JFSC). Sanne Group (Guernsey) Limited is
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Sanne Group Asia Limited is a member of the Sanne Group, is licenced to conduct business in Hong Kong and is regulated by the JFSC. Sanne Group Shanghai Financial
Management & Consulting Co Limited is a member of the Sanne Group and is licenced by the State Administration of Industry and Commerce.
MAGIC CIRCLE
AWARDS 2013
Karen Jones presents the

award to Nick Sawle of
TLT LLP.
Citywealth Tomorrow Club Emerging Manager of the Year
nder the guidance of Richard

Wilson, Senior Partner at
TLT Solicitors, Nick Sawle has
flourished and found his wings. A
go-getter, he has been encouraged
to reach fast-track heights by an
organisation and staff who are
obviously keen to have a strategy
that includes solid succession.
Karen Jones, Editor, Citywealth
said of the win, It is a great
pleasure to see Nick win. He is a

delight to deal with, has a business
head beyond his years and has a
unique ability to help others in
business which will stand him in
good stead for a very bright future.
His entrepreneurial business
development ability and
personable nature will also be a
great asset.
It is a great pleasure to
see Nick win. He is a
delight to deal with.
Karen Jones, Citywealth
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Sam Longworth of Stewarts

Law LLP receives the award
from Karen Jones.
Citywealth YP New Leader of

the Year
am Longworth is a partner in
the Divorce and Family
department at Stewarts Law LLP,
a specialist litigation law firm,
which numbers leading
individuals such as Debbie Chism,
Emma Hatley and Helen Ward
among its partners. Longworth
was made partner on 1 May 2013.
Stewarts Law has gone from
strength to strength as a best-ofbreed law firm and has
undoubtedly built a culture to help
their up-and-coming staff rise to
the top. Constantly shortlisted for

awards, Stewarts Law has a
culture that is well rounded and
personable. Longworth, who was
also shortlisted in 2012,
personifies this.
Karen Jones, Editor,
Citywealth, commented,
Longworth has worked hard to
build a solid reputation and does
this with a personable and
gracious manner. It is our great
pleasure to recognise him.
Longworth has worked

hard to build a solid
reputation and does
this with a personable
and gracious manner.
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Winner of the Editors

Choice Award, Simon
Jennings with Karen
Jones.
Citywealth Editors Choice

Award
imon Jennings has a long

history in the private wealth
business which has been mainly at
Rawlinson & Hunter but includes
time at Deloitte & Touche, where
he qualified. Jennings has
consolidated the reputation of
Rawlinson & Hunter which is
considered by many to be the best
private client accountancy practice
in the UK and deservedly so. He
works hard as a Tax Partner with
considerable experience of
handling the HMRC in the tax
planning and wealth structuring

team.
Citywealth, said of the win,
Jennings has a strategic mind, is
subtle and a gentlemen, which,
when combined, make him a go-to
person within Rawlinson &
Hunter and beyond. He gives
nothing away but he absorbs every
nuance of his clients
conversations. He will quickly
work out how to solve problems in
a matter of fact way .
Jennings has a
strategic mind, is subtle
and a gentlemen,
which, when combined,
make him a go-to
person.
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Winner: RBC Wealth

Management
L to R: Andrew Neil; from
RBC, Michael Moodie,
Martin Heale, Nicholas Reid
and Philip Harris; Joshua
Rubenstein joint managing
partner of Katten Muchin
Rosenman
Award sponsored by
Citywealthmag.com
Private Bank of the Year Wealth Managers
BC Wealth Management is
one of the worlds top ten
largest wealth managers and has
won many accolades, including
recently Caribbean Private Bank
of the Year at the Citywealth
International Financial Centre
Awards in January 2013. The stars
have aligned for RBC Wealth
Management as they continue to
consolidate their position of
banking behemoth.
Commenting on the Private
Bank of the Year award, Mike
Moodie, Head of RBC Wealth
ManagementUK, said, We have
been growing our presence in the
UK over the past few years, and
have placed a strong emphasis on
ensuring that the quality of the
people we hire reflects our

ambitions. It is always
encouraging to gain the
recognition of peer and industry
experts, and I am extremely
pleased to see the hard work and
persistence of each team
recognised in this way.
Karen Jones, Editor of
Citywealth, said, It is a credit to
RBC Wealth Management that the
organisation is so highly
respected. They are well placed to
look after the growing surge in
international wealth which has
found London to be its natural
hub.
Runner up: Rothschild
MAGIC CIRCLE
AWARDS 2013
Winner: Schroders Private

Banking
L to R: Andrew Neil;
Kate Leppard, Schroders
Private Banking;
Catharine Bell of sponsor,
Lawrence Graham
Award sponsored by
Citywealthmag.com
Private Bank of the Year

International
chroders has remained one of

the brands to be praised
throughout a difficult time for the
banking world. It has managed to
retain a friendly, human face and
culture whilst climbing to the
heights of the private banking
world with spectacular
announcements like the recent
Cazenove deal which will make
Schroders one of the UKs largest
private banking and wealth
management operations. Kate
Leppard, who is Head of Private
Clients in London, has helped
establish this consistency of staff
and client care. Leppard joined
Schroders in 1990 and focused on
managing investment portfolios of

substantial families.
Schroders have taken great pains
to hire exceptional staff in the UK
who now work with globally
wealthy clients. We are delighted
that Schroders were chosen at a
time when banks everywhere are
taking a media hit. It shows
UHNW clients and intermediaries
that even big corporate businesses
are ultimately led by individuals
and all should be judged on their
talent and service.
Runner up: SGPB Hambros
MAGIC CIRCLE
AWARDS 2013
Boutique Private Client

Asset Manager of the Year
Hoare & Co continues to

scoop awards from
Citywealths independent panel of
judges and online voting. Its mix
of tradition with considered
modernity has wooed those
looking to keep their money safe.
Its easy style of business is
legendary and undoubtedly rare.
As one client said, Moving my
account to Hoares was one of the
best decisions I ever made.
Citywealth, said, The credit
crunch was the best thing that
Citywealthmag.com
Winner: C. Hoare & Co
ever happened to C. Hoare & Co.

It sent them a new stream of
clients and has allowed their
brand to rise to the top of the
boutique banking world.
Notable members of the team
include Annamaria Koerling,
Head of Wealth Management,
James Hoare, Head of Portfolio
Management and Tim Bailey,
Senior Portfolio Manager.
Annamaria Koerling of C
Hoare & Co; Clare Archer of
sponsor, Penningtons
Runner up: JO Hambro Investment

Management
Award sponsored by
MAGIC CIRCLE
AWARDS 2013
Institutional Private Client

Asset Manager of the Year
nvestec has been moving at full

steam as one of the UKs largest
investment management
companies with c. 20 billion
AUM. Its UK expansion, which
included the purchase of
Rensburg Sheppards Plc in 2010
and the smooth integration of
Williams de Broe in to their
business in 2012, has, as expected,
started to consolidate and put it
ahead of significant private client
asset managers with a wide
network in the UK.
Winner: Investec Wealth &

Investment

Citywealth, said of the win, It is a
credit to Investec Wealth &
Investment that they have taken
the Institutional Private Client
Asset Manager of the year prize in
2013. The bank has shown it is
now a significant player in wealth
management.
Anthony Thompson of
Lawrence Graham; Nick Vaill
and David Richardson of
Investec Wealth &
Investment
Runners up: Schroders Private

Banking
Award sponsored by
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Winner: Rathbones
L to R: Andrew Neil; James
Brennan, Business
Development Director of
Rathbones charities team;
Peter Murley, CEO of award
sponsor, Hawksford.
Award sponsored by
Citywealthmag.com
Charity Investment
Manager of the Year
athbones is held in high

regard in the private client
and charity investment
management world. Ivo Clifton,
Head of Charities at Rathbones, is
on the executive committee and is
Deputy Head of the London office.
His skill and ability with charities
has proven to be second to none.
All of his efforts have undoubtedly
helped Rathbones to the top of the
list for this award. Rathbones
manages over 20 billion for
individuals, charities and trustees.
Commenting on the accolade,
Ivo Clifton said, Any award win is
special but this one is particularly
important because it is partly
decided by the votes of our clients
and contacts. Being named
Charity Investment Manager of

the Year reflects our enduring
commitment to being at the
forefront of charity investments
and delivering the highest
standards of service. I would like
to use this opportunity to thank
the charities team at Rathbones
for their dedication to achieving
these goals.
Rathbones have proven
themselves a considered operation
and their people and strategy
reflect the soundness of their
business model.
Runner up: Quilter
Fiduciary
Family Office
Wills & Probate
Succession Planning
Employee Solutions
Funds
Advisory
Media & Sports
Corporate Solutions
Hawksford is a leading independent wealth structuring

company with the expertise, experience and resources
to create and manage structures that withstand the
challenges of todays demanding global environment.
Working closely with our private and commercial clients
and their advisers, we thrive on the challenges that building
and administering sophisticated, effective structures bring.
Hawksford Group
Jersey | British Virgin Islands
New Zealand | Singapore
Switzerland | United Arab Emirates
Head office:
15 Esplanade, St Helier,
Jersey, JE1 1RB Channel Islands
T +44 (0) 1534 740000
www.hawksford.com
Independent Trust
Company of the Year
Julian Hayden
Hawksford Group (and Hawksford International) are the Registered Business Names of Hawksford
Trust Company Jersey Limited which is regulated by the Jersey Financial Services Commission.
MAGIC CIRCLE
AWARDS 2013
Winner: Close Brothers

Asset Management
Geoff Melamet of Arkion;
Nancy Curtin and
Penny Lovell, Close Brothers
Asset Management.
Award sponsored by
Citywealthmag.com
Financial Advisory Firm of

the Year
lose Brothers Asset

Management has emerged
from its chrysalis and is creating
waves with its management trio of
Martin Andrew as CEO, Nancy
Curtin, CIO, and Penny Lovell,
who recently joined as Head of
Client Services.
All of their efforts will have
undoubtedly helped Close
Brothers Asset Management to
the top of the industry to take this
award. CBAM who is part of Close
Brothers Group has 8bn under
management are clearly entering a
new phase in their life cycle,
something which other financial
advisors should take note of.
Citywealth, commented, Close
Brothers AM has proven to be a

strategic and go-getting operation
and this is reflected in this win.
A special commendation goes
to Will Ladenburg, private client
director, who has put considerable
energy into his role and Penny
Lovell, Head of Private Client
Services at CBAM, who was a
finalist in the Woman of the Year
award. Martin Andrew, Chief
Executive Officer, Close Brothers
Asset Management commented,
Winning this award is a great
acknowledgment of our advisory
capabilities and recognises the
quality of our client relationships.
Runner up: Towry
MAGIC CIRCLE
AWARDS 2013
Private Investment Oce

of the Year
tanhope arrived in the family

office world many years ago
but its bold move with its 2011
acquisition of Jewson Associates
has seen its asset under
administration and management
rise significantly to make it one of
the leading players in the family
office space in the UK. It now
oversees $7.5bn on behalf of
wealthy families and charities.
Founded in 2004 by Daniel Pinto
Winner: Stanhope Capital
and Julien Sevaux, the

organisation now has eleven
partners and 50 employees and
includes the Institute of Cancer
Research as a client.
Citywealth, said of the win, I am
delighted that the judges decided
2013 was Stanhopes year.
L to R:Andrew Neil;
Guy Paterson and
Jonathan Bell, Stanhope
Capital; Daniel Lindley of
award sponsor, Northern
Trust.
Runner up: Lord North Street
Award sponsored by
Citywealthmag.com
We believe in
preserving what
you have and
growing it.
As a leader in wealth management for more than 120 years, Northern Trust provides asset administration
and trust and fiduciary services to successful families, family offices, foundations and endowments. Our
team of wealth experts is dedicated to helping you achieve your goals and turn your dreams into reality.
To put our expertise to work, contact:
Charlotte Denton
+44 (0) 20 7982 3430
Daniel F. Lindley
+44 (0) 20 7982 3524
50 Bank Street, Canary Wharf
London E14 5NT, United Kingdom
Wealth Management | Asset Management | Asset Servicing
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Technology Vendor
of the Year
dvent Software, which

specialises in helping clients
in the investment management
community, including wealth
managers, asset managers, private
banks and family offices in more
than 60 countries, has solutions
and services that help wealth
management professionals to
improve compliance and customer
service with uhnw clients.
Advent has consistently
invested approximately 17-18% of
annual revenues in R&D and is
leading the industry in bringing
cloud and mobility solutions to
Citywealthmag.com
Winner: Advent
the investment management

industry.
Citywealth, commented, I am
delighted that Advent has taken
the award for the second year.
Again, they really deserve this
win. They have radically changed
their business model to bring
relevant products to market. The
judges commended Advent on
their win which also included
online voting from the industry of
9,500 votes.
Marius Esterhuysen,
Regional Sales Manager,
Advent Software EMEA; and
Citywealth.
Award sponsored by
Runner up: Touchstone (C.I.)
MAGIC CIRCLE
AWARDS 2013
Winner: Alpha Capital

Vishal Kumar collects the
award for Alpha Capital;
Yogesh Dewan of award
sponsor, Hassium Wealth
Management.
Award sponsored by
Citywealthmag.com
Asian Advisor/Manager
of the Year
lpha Capital, which launched

in 2010, is a boutique
investment manager, mirroring
the family office concept so
popular in the West and bringing
it to the surging wealth in India.
Alpha Capital is working with
high-net-worth and affluent
individuals, families, businesses
and trusts. Mukesh Jindal is lead
partner and was previously at
Client Associates, a leading family
office operation in India. Jindal
says they hope to bring a personal
service to entrepreneurs creating
wealth in the region.
The company has grown
rapidly since its inception and

now has offices in Gurgaon (North
India), Kolkata (East India) and
Coimbatore (South India) and is
in the process of setting up an
office in Mumbai (West India).
Citywealth, commented, Alpha
Capital have done well to take the
award this year which is a credit to
Jindal and his partners.
Citywealth will watch their
development with interest in the
coming years.
Runner up: Altamount Capital
MAGIC CIRCLE
AWARDS 2013
Winner: Katten Muchin

Rosenman
L to R: Andrew Neil; Joshua
Rubenstein, Joint
Managing Partner, Katten
Muchin Rosenman;
Stella Mitchell-Voisin,
Managing Director of
Summit Trust.
International Law Firm of

the Year USA
ith more than 600

attorneys, Katten Muchin
Rosenman, co-led by Joshua
Rubenstein in New York, is
arguably the most important
private client law firm in the USA.
The firms spirit is to be as
entrepreneurial as its clients and
Katten Muchin Rosenman
confirmed that by crossing
borders, opening a London office
in 2005, and in 2012 its Shanghai
office started operations.
Well known in the private client
world in Europe, Katten Muchin

Rosenman has become the go-to
firm for work involving uhnw
clients with a USA element to
their planning.
Cityweath, said of the win, We
have only the highest respect for
the culture and technical ability at
Katten Muchin Rosenman and
recommend their integrity most
highly to the private client world.
Runner up: Holland & Knight
Award sponsored by
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
International Law Firm of

the Year EMEA
edell Cristin and the fiduciary

service provider business,
Bedell Trust, have between them
nearly 300 staff around the globe.
Bedell Cristins senior partner,
Anthony Dessain (pictured), is
widely respected and has helped
Bedell Cristin tread a measured
path to lead the firm to success in
this category. One of the largest
law firms in the Channel Islands
and a leading global offshore law
firm, Bedell Cristin has acted in
many of the most notable matters
and some of the most complex
breach of trust actions.
Citywealthmag.com
Winner:Bedell Christin

Citywealth, said, Dessain has
kept Bedell Cristin on a clear path,
carefully building their business
and legal success. We congratulate
him and the firm for scooping the
International Law Firm of the
Year award for 2013.
Other notable names at Bedell
are Nick Cawley, CEO and Partner
at Bedell Trust.
L to R: Andrew Neil; Anthony

Dessain, Bedell Cristin;
Lesley Lintott, Head of
Private Client at award
sponsor, Penningtons.
Runner up: Ogier

Award sponsored by
MAGIC CIRCLE
AWARDS 2013
Winner:Farrer &Co.
Sarah von Schmidt of Farrer
& Co; Geoff Melamet of
Arkion.
Award sponsored by
Citywealthmag.com
Charity Law Firm

of the Year
arrer & Cos charities team,

which advises over 400
charities, is led by influential
Anne-Marie Piper who was
founder of the Charity Law
Association and joined the firm in
2001. Piper has handled Charity
Commission investigations,
complex mergers and reorganisation of charities. Winning
awards everywhere for many
years, Piper and her team have
proven themselves an enviable
force in this difficult and
complicated world bringing
governance and order to the third
sector. Notable names in the
department are Sam Macdonald,
Julian Smith and Frances Barwell.
Up-and-coming members of the

team who are commended are
James Maloney and Rebecca Fry.
Citywealth, said, The charitable
world is fraught with situations
that the business world would find
difficult to contend with. It really
is a tremendous achievement that
the Farrer & Co team glide
effortlessly at the top of this
notoriously complex and mind
bogglingly difficult sector. It
requires rarefied skill to
implement commercial
governance in a not-for-profit
world.
Runner up: Stone King
MAGIC CIRCLE
AWARDS 2013
Family Law Firm

of the Year
he family law firm award is

hotly contested and there are
many high-profile and big-brand
names in the sector. Citywealth is
delighted to have the Charles
Russell team join our Magic Circle
elite. Commendations go to Sarah
Higgins and William Longrigg,
but also to notable names Grant
Howell and Erica Shelton.
Sarah Higgins and William
Longrigg, Joint Heads of the
Family Group at Charles Russell
LLP commented: We are thrilled
to receive this award and would
like to thank those who voted for
Citywealthmag.com
Winner: Charles Russell
us. It is hugely gratifying to have

the hard work of the whole team
recognised, once again, in this
way. We pride ourselves on our
strong reputation in this area and
will continue to provide high
quality legal advice tailored to
meet the individual needs of our
clients.
Citywealth, said, What a scoop
for the Charles Russell team. I
couldnt be more pleased for
them.
Tanya Roberts of Charles
Russell; Martin Andrew,
Chief Executive of Close
Brothers Asset
Management.
Award sponsored by
Runner up: Hughes Fowler Carruthers
MAGIC CIRCLE
AWARDS 2013
Winner: Michelmores
L to R:Andrew Neil; Sandra
Brown and Jonathan Riley of
Michelmores; Dave Preston,
Managing Director of award
sponsor, Mercator.
Award sponsored by
Citywealthmag.com
Regional Law Firm

of the Year
ichelmores, with 350 staff, is

a giant in the south of
England. With a turnover of
22.3million in the last year, it
reported 15% growth. Highly
respected Will Michelmore, Senior
Partner and Head of the Private
Client Group, and Managing
Partner Malcolm Dickinson have
managed to make substantial hires
and create a superb working
environment and culture which
has undoubtedly brought success.
Notable names are Jonathan Riley
and Sandra Brown (both pictured).
Will Michelmore said: We are
truly delighted with this award.
We have been steadily building
the largest and one of the
strongest practices of this kind

outside London, and the firm has
achieved this award precisely
because our lawyers consistently
deliver positive legal advice based
on professional knowledge,
confidence, respect, trust and,
above all, results.
Jonathan Riley, Head of the
Tax, Trusts & Succession Team,
who has been recognised in the
Citywealth 2013 'Leaders List',
said, Recognition of our
achievements in this way is
particularly important to us as it
represents independent
assessment by our peers.
Runner up: Gordons
MAGIC CIRCLE
AWARDS 2013
Law Firm of the Year

M
ishcon de Reya has 500 staff

and a long history spanning
many aspects of the private client
world. The firm has invested time
and energy in presenting a new
face to the private client world
which is tenacious still yet has
developed to include an intelligent
charm.
In 2010, it brought together all
services for individuals under
Mishcon Private and now has a
360-degree offering to uhnw
clients. This comprehensive
Winner: Mishcon de Reya
business strategy is yielding

dividends.
Notable names include James
Libson, Executive Head of
Mishcon Private.
Citywealth, said, It really is a
tremendous achievement and
shows you that a focused business
and people strategy will reap
benefits.
L to R: Andrew Neil; Simon

Brewer, Head of Private
Wealth, Sanne Group;
and from Mishcon de Reya,
David Lister, Andrew
Goldstone, Claire Yorke,
Janet Tobin, Charlotte
Leckie, Helen Manis and
Steven Bostock.
Runner up: Charles Russell
Award sponsored by
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Winner: Patricia Milner,

Withers
Patricia Milner, Withers;
Eric Barnett, Group Head of
Private Banking, SGPB
Hambros.
Lawyer of the Year

P
atricia is head of the family
and business planning group
at Withers and has been
recommended to Citywealth as an
advisor who gives clear and
thoughtful advice and has very
strong technical skills. She joined
Withers in 1994 and is a leading
expert on advising large families
with structures and tax issues.
Citywealth, commented, Withers
are a world class firm because of
their leadership and key
individuals like Patricia Milner.

London continues to be a hub for
the wealth of the world, including
Asia, which will make advisors
like Milner ever more important
in the wealth eco system. Milner
exudes professionalism, an
interest in her clients, and a cando attitude which is a credit to
her. We are delighted with her
win.
Runner Up: Bart Peerless,
Charles Russell
Award sponsored by
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Accountancy Firm
of the Year
eonie Kerswill and Clive

Mackintosh will be names on
the top of the wealth worlds
minds when they think of PwC.
Other notable individuals include
Katherine Bullock, who heads the
Private Client team, and Nick
Hopkin and Sian Steele in London.
Original thinking is the order of
the day at PwC and constant
improvement of themselves and
the fortunes of their clients lives
and wealth. A considered 360degree but practical offering is
common practice and undoubtedly
why PwC has scooped this award
in 2013.
Katherine Bullock, Head of UK
Private Client, said, Im over the
Citywealthmag.com
Winner: PwC
moon that we won this award,

especially as its decided partly by
a public vote. We were up against
some tough competition and its
great to know that both the
industry and the public recognise
us as leaders in the market.
Citywealth, said, In a world
where large organisations are
under public scrutiny and
wholesale criticism, PwC are a
shining example of how to build a
successful culture and modern,
respected business looking after
top of the world entrepreneur
clients and families.
L to R: Andrew Neil; Nic

Arnold, Fraser Allonby and
Sian Steele, PwC; Peter
Murley, Hawksford CEO;
Katherine Bullock and
Elizabeth Henson, PwC.
Award sponsored by
Runner up: Deloitte
MAGIC CIRCLE
AWARDS 2013
Winner: Affinity Private

Wealth, Jersey
Justin Thomas, Affinity;
Yogesh Dewan, Hassium
Wealth Management;
David Stearn, Affinity.
Award sponsored by
Citywealthmag.com
Industry Newcomer
of the Year
avid Stearn is Managing

Director of the Jersey-based
investment manager and trust
business, Affinity Private Wealth.
He was previously head of
Fairburn Private Bank in Jersey.
The business is set to blaze a trail
in the private wealth management
world and beyond.
David Stearn said of the win,
The award is for the Industry
Newcomer of Year and
acknowledges the ground Affinity
have already covered to establish
ourselves as a business where
clients are looked after with a
sense of care and where staff enjoy
stimulating work and can
develop.
Justin Thomas, Head of Trusts

at Affinity Trust said, We are
delighted to have this external
recognition. The team we have
carefully assembled have
combined strongly since our
launch in 2011 and from October
2013, when we take on our latest
Director in the trust company, we
will employ twelve people in
Jersey. All staff are shareholders
in the business and are dedicated
to delivering financial services in a
fresh, professional and accessible
way to our clients.
Runner up: Hatstone Lawyers
MAGIC CIRCLE
AWARDS 2013
Independent Trust
Company of the Year
gier is a stalwart name in the

international world of
wealth. The group has made
strategic decisions internally to
separate its legal and private
wealth service lines. Philip Le
Cornu is Global Head of Ogier
Private Wealth, which has a
specialist team of administrators
that caters specifically for the
needs of wealthy families, family
offices and owner-managed
business.
Philip Le Cornu said of the win,
We are delighted to have been
recognised in the Citywealth
Magic Circle Awards. We
represent some of the world's
most prominent families and
Citywealthmag.com
Winner: Ogier Private

Wealth
provide independent, discreet

administration services to trusts
and foundations for individuals
and families. Our Jersey and
Guernsey teams regularly work
with Cayman, BVI, Bahrain and
Hong Kong to provide
outstanding service to our clients
and to have the dedication and
professionalism of our team
acknowledged is very satisfying."
Citywealth, said, Ogier have
worked hard to refresh their
offering and to communicate this
to the wealth world.
Ashley Crossley of award
sponsor, Baker & McKenzie;
Ian Rumens, Ogier Private
Wealth.
Award sponsored by
Runner up: Hawksford
MAGIC CIRCLE
AWARDS 2013
Winner: RBC Wealth

Management
L to R: Andrew Neil; Ashley
Crossley, Baker & McKenzie;
and from RBC, Henry Kierulf,
Julian Washington, Sarajane
Kempster, Mandy Langmead,
Liz Le Poidevin and Phil Le
Vesconte.
Award sponsored by
Citywealthmag.com
Institutional Trust Company

of the Year
he world economic forum

named RBC, which has
become like royalty in private
wealth, the most sustainable large
organisation in the world. It was
also named the safest bank in
North America. With 100 years of
operation and now riding high as
one of the worlds top wealth
managers, it personifies
governance and traditional values
at the highest level.
Commenting on the Trust
award, Steve Romeril, Head of
Trust, British Isles said, We were
up against firms of a very high
calibre, and being named Trust
Company of the Year is further
recognition that the teams across

our business will go to great
lengths to deliver the highest
standards of service to our clients.
I am delighted our RBC trust
capability has been highlighted in
this way and my thanks go to our
clients and staff who have made
this possible.
RBC Wealth Managements
Caribbean business was also
recognised as the Caribbean
Private Bank of the Year at the
Citywealth International Financial
Centre Awards in January 2013.
Runner up: Northern Trust
MAGIC CIRCLE
AWARDS 2013
Trustee of the Year

J
ulian Hayden, who is on the
executive team, has been with
Hawksford since 2002 and was
formerly with Withers and
Manches. He has more than 25
years' experience in estate and
succession planning. Hawksford
was established in 2008 following
a management buyout of
Rathbone Trust Company Jersey
Limited, backed by UK private
equity company, Dunedin.
Hayden was part of the
management buy-out team. A
significant name in Jersey and
beyond, he has garnered great
respect for his work and technical
ability throughout his career.
Citywealthmag.com
Winner: Julian Hayden,

Hawksford
Peter Murley, Chief Executive

of Hawksford said, I am
particularly delighted for Julian
Hayden. It is great to be
representing Jersey in such a
positive way.
Citywealth, said, Hawksford is
considered one of the go-to names
in the trust world now. We give
full credit to Julian Hayden for
helping make this happen.
Julian Hayden, Hawksford;
Joshua Rubenstein, Joint
Managing Partner of award
sponsor, Katten Muchin
Rosenman.
Runner up: Philip Le Cornu,

Ogier Private Wealth
Award sponsored by
MAGIC CIRCLE
AWARDS 2013
Winner: Annamaria Koerling,

C Hoare & Co
Annamaria Koerling, C Hoare
& Co; Stuart Dowding,
Associate Director, Mercator.
Woman of the Year

A
nnamaria Koerling, Head of
Investment Management at
C. Hoare & Co, has looked after
wealthy private clients for nearly
20 years. She has had a career that
has encompassed major brands,
Schroders, Cazenove, and latterly
Merrill Lynch, where she was
responsible for the International
Discretionary Portfolio
Management business in London.
Annamaria joined C Hoare & Co
in 2010 and it now has 300 staff
and has been investing heavily in
internal infrastructure.
Citywealth, said, Citywealth has

high respect for successful women
in the banking world which
continues to be under-represented
by women in senior management
positions. Koerling has flourished
because of her ability and
intelligence whilst maintaining a
considered and approachable
manner. It is a real
accomplishment and she is an
outstanding example in the
private wealth world and beyond.
Runner up: Sheila Dean - Equiom
Award sponsored by
Citywealthmag.com
MAGIC CIRCLE
AWARDS 2013
Outstanding Individual
of the Year
uy Paterson is a partner at
the successful and
prestigious Stanhope Capital, a
multi-family office managing
money for over 100 families and
institutions. Before joining
Stanhope, he ran the London
operation of the Unigestion
Family Investment Office which is
headquartered in Switzerland and
has 25 years experience in the
financial markets. Paterson has
specialised with ultra-wealthy
families and risen to the top of a
niche and rarefied family office
world.
Citywealthmag.com
Winner: Guy Paterson,

Stanhope Capital

Citywealth, said, There were
many good names highlighted for
2013, but Paterson has
consistently worked to a high
level. He is someone who deserves
recognition for service and
maintaining, high-quality
relationships in an increasingly
complex world.
Guy Paterson, Stanhope
Capital; Daniel Martineau,
Executive Chairman, Summit
Trust International.
Runner up: Sara Maccallum,

Boodle Hatfield
Award sponsored by
MAGIC CIRCLE
AWARDS 2013
Winner: Clive Nicholson,

Saffery Champness
L to R:Andrew Neil;
Clive Nicholson, Saffery
Champness; Karen Jones,
Editor, Citywealth.
Award sponsored by
Citywealthmag.com
Lifetime Achievement
Award
live Nicholson is an
outstanding individual and
has achieved a lifetime of career
success helping build Saffery
Champness into an accountancy
brand that many believe to be one
of the top in the private client
world. His career history has
included being partner at Saffery
Champness from 1975 until March
2013 and Managing Partner from
1990 until 2002, which was a time
of great growth for the firm.
Nicholson set up the firms
Guernsey office in 1977, remained
managing partner of the office
until 1989 and chairman of the

practice until 2012.
Nicholson commented: I was
very pleased to receive this award,
which I accept on behalf of all
those who have contributed over
the last 40 years to making Saffery
Champness into the leading
private client firm and offshore
business that it is today.
Citywealth, said of the win, Clive
is a well-known personality within
private wealth and we are
delighted that the judges
highlighted him to win.
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CYPRUS:
CHRIS LAzARIDES
Chris Lazarides, President

of Natavel, Cypriot
Investment and
Developments and CEO
of Natavel's sister
company , London
Homes, Property
Investment Consulting,
London.
Cyprus, one bail-in and one super-size

Chinese investor later
Cyprus has had worldwide headlines
and most of them have left the
impression that Cyprus is sitting on
scorched earth. In an ongoing series
of interviews with international
financial centres and Cypriot
entrepreneurs on the effects of the
bail-in, Citywealth speaks with Chris
Lazarides a property developer in
Cyprus and the UK.
Cyprus was jubilant before

the election about Nicos
Anastasiades coming to
power. He will have little
power now that he is in. Has
he taken a poisoned chalice?
Cyprus needed economic
measures to modernise the
economy. Anastasiades was
elected as the leader who would
carry these modernisation policies.
He knew of the countrys needs
and problems and actively
campaigned on these issues. His
power is now enhanced by the fact
that Cyprus has no choice but to
follow deep-rooted measures to
change.
Nicos Anastasiades spoke of
union reform during his
election campaign. After such
an economic shock is this
likely or probable now?
Unions are at their weakest
during high unemployment and
union reform is most needed when
labour policies have failed to
produce jobs. Union reform now is
Citywealthmag.com
most needed and therefore most

likely to happen.
What does the bail-in mean
for property developers/
businesses on the island in
the short and long term?
Labour policies such as lowering
the minimum wage as well as
social taxes will help lower build
costs as well as prices of new
builds and thus increase
development activity.
Do you agree with the
Eurozone-IMF proposition?
If not, what else could have
been done?
The Eurozone-IMF proposition
relating to the bail-in instead of
bail-out has helped bring a near
collapse of one of Cypruss major
source of income, which is the
banking sector. It has also harmed
worldwide the safety factor of
deposits and thus the incentive to
save money in a bank, the
cornerstone and basis of lending
or making funds available for
CYPRUS:
CHRIS LAzARIDES
investment growth and creating

jobs. Therefore, I cannot but
disagree. Alternatively, Eurozone
and IMF could have recapitalised
Cyprus banks directly from the
ECB or allowed the Cyprus
government to impose taxes on
the high interest of deposits.
I presume there will be a

further property crisis in
Cyprus? Is this an
opportunity or a nightmare?
Cyprus has, relatively to other
European Countries, a small size
property sector and therefore
limited supply.
What will happen to clients

who were planning to
develop in the region with
deposits in banks who may
now have their funds taken?
Or is this not the case?
Although there are various
different cases, the final details of
what will actually happen have not
yet been decided. The actual
number of depositors who have
been affected by this banking
failure has been limited to only
one of several banks that exist in
Cyprus which has helped to save
deposits in all other banks. The
majority of the big depositors
werent interested in investment
in Cyprus and were here mainly
due to high interest rates so
Cyprus hasnt lost out in this
respect.
Is it right that the Eurozone

and IMF should decide the
fate of such a brand as Laiki
Bank? Or did Laiki deserve to
shut down?
Laiki Bank was under capitalised
and therefore one can say it was
prone to failure. However, the
European Parliament created the
Bank Support Fund precisely for
the purposes such as the
recapitalisation of banks. It was
unfortunate that Laiki Bank was
targeted, I think, in an effort of
Europe to downsize the banking
sector of Cyprus which stood at
seven times its GDP.
Is foreign money still the

answer to Cypruss woes?
Will Chinese and Russian
money still come or has this
ended now?
Foreign money was not only
fuelling the banking sector but
also the property and business
investment sectors. There is now a
gap where the banking sector was
but the fundamentals that made
Cyprus attractive are still there
and should still attract foreign
depositors. We have a low tax
regime; political stability, good
education level, democratic and
multilingual population as well as
being a small country with an
excellent climate.
Citywealthmag.com
With regards to
foreigners, Cyprus
remains as it always
was, a very attractive
tourist and business
destination.
Chris Lazarides
What are the good prospects

for Cyprus, if any?
Cyprus also offers an alternative
package of ownership security,
European property laws,
transparent and short purchase
process. Cyprus property prices
have fallen to the lowest point
during the Europe crisis of 20082011, due to complete lack of
demand at the time. New
immigration programmes though,
linked to property purchases have
attracted a steadily growing
demand for properties coupled
with short supply can potentially
Increase the prices. The
opportunity is therefore now
rather than later.
With regards to foreigners,
Cyprus remains, as it always was,
a very attractive tourist and
business destination. It has great
prospects as demand for property
CYPRUS:
CHRIS LAzARIDES
will increase in the next few years

given the large scale of
investments programmed by the
iil and gas industry, as well as the
cheap energy and high income
from the oil and gas reserves.
These factors can only create great
future economic activity.
Do you see any trouble from
Russia with regard to what
has happened?
Russia has already blamed
Europe in their official statements
for the immense pressure it levied
on Cyprus for targeting
particularly the banking sector
which housed Russian deposits
and for not giving the opportunity
to Cyprus to scale down its
banking sector gradually without
harming deposits. Despite what
has happened, Cyprus remains an
important country to Russia
because of long-term historical
ties, Orthodox Christianity,
interlinked civilisation, its
important strategic position and
its huge oil and gas reserves.
Does Cyprus in effect become
like Cuba? An island that has
to rely heavily on tourism
dollars?
Cyprus is an attractive tourist
destination but it is also a
European democratic country
with a high level of European
education and culture, steadily
increasing foreign investment with
a capitalist system which favours
investment growth and the private
sector. The laws and democracy in
Citywealthmag.com
Cyprus are the same as any other

European destination. It could
never end up like Cuba.
Give me your view of the
outlook for Cyprus.
The Cyprus economy is fairly
diversified today. Since the 1974
invasion and occupation of 38% of
its land, it has evolved from an
agriculture-based economy and
has strongly developed such
sectors as construction, shipping,
agriculture, banking, tourism,
insurance, production and light
industry production. Today, we
are faced with a correction of the
over-sized banking system which
had grown disproportionally to
the countrys GDP.We are,
however, looking at the birth of a
new modern economy with a
much smaller government sector,
a bigger private sector, a fastgrowing energy sector with huge
potential for making Cyprus an
energy hub for Europe.
The laws and

democracy in Cyprus
are the same as any
other European
destination. It could
never end up like
Cuba.
Chris Lazarides
Chinese enter Cyprus

We have sizeable inward private
investments such as the 10bn Euro
Gas Liquidation Unit programme.
We have also just had Charles
Zhang of Hong Kong-based
company, China Glory National
Investments, make a substantial
real estate investment in the area
of Paphos. The expected spend is
thought to reach close to 400
million Euros and will bring
benefits like employment and
taxes.
NEWS
News
will continue to expand our

Americas business.
Switzerlands new
competitive advantage?
The Swiss Finish
Dr Pete Hahn of Cass Business
School, believes the Swiss Finish
could replace banking secrecy as
their usp. He tells us why: The
Swiss invented and later grew to
dominate off-shore private
banking based on three benefits
other centres could only partially
offer: country stability, secrecy
and tax advantages. While these
advantages have diminished,
Swiss bankers may not be too
concerned just yet. The so-called
Swiss Finish, requiring Swiss
banks to maintain virtually
double the capital base reserve for
losses compared to Basel III
requirements, might end up being
their new competitive advantage
in a market that is likely to
remain more concerned about
wealth preservation than
performance.
Deutsche Bank hires Head

of Asset & Wealth
Management in the
Americas
Deutsche Asset & Wealth
Management which now manages
a portfolio of nearly $400 billion
has hired Jerry W. Miller as Head
of Asset & Wealth Management
Americas. Miller is based in New
York and reports to Michele
Faissola, Head of Asset & Wealth
Management. He joins the
Management Executive
Committee and will chair the
divisions Americas Executive
Citywealthmag.com
Guernsey Finance covers

all bases with China now
back to the USA
Dr Pete Hahn of Cass Business School
Committee. Miller will also join

the Deutsche Bank North
America Executive Committee,
led by Jacques Brand, Chief
Executive Officer of Deutsche
Bank North America. He joins
Management from Lightyear
Capital LLC, a private equity
firm, where he was a Senior
Advisor responsible for the
acquisition of financial services
companies, with a focus on
investment management and
wealth management firms. From
2006 to 2010 he worked at
Morgan Stanley, first leading the
Central Division of the Global
Wealth Management business,
then as President and CEO of Van
Kampen Investments. Before that
he spent more than two decades
at Merrill Lynch, ultimately as a
member of the senior leadership
team at Merrill Lynch Investment
Managers.
Michele Faissola said: Jerry is
a talented leader and a highly
respected figure in the industry. I
am delighted that a professional
of his caliber shares our
excitement about the opportunity
we have in the Americas and the
quality of solutions we offer
clients. Under his leadership, we
A delegation from Guernsey is

heading to the US to showcase
Guernseys finance industry.
Fiona Le Poidevin, Chief
Executive of Guernsey Finance
said of the trip, The US is a
mature and established market
and Guernsey has had good links
in the past. For example, a major
factor behind Guernseys rise as
a leading centre for private
equity was when one of the
largest US private equity houses,
Kohlberg Kravis & Roberts
(KKR) & Co. L.P., established a
fund in Guernsey which listed on
Euronext Amsterdam. It really
put Guernsey on the map in the
minds of fund managers in the
US. Conditions are improving
and confidence is returning, we
hope to underline that Guernsey
is a Europe hub but will not be
under an EU regime when the
new AIFMD (alternative
investment fund manager
directive) comes into play.
Fiona Le Poidevin, Chief Executive of

Guernsey Finance
NEWS
Stanhope Capital makes

The Rt Hon Lord Lamont
of Lerwick a member of
its investment committee
and announces two hires
Stanhope, one of the UKs largest
multi family offices, has
announced the arrival of two new
partners, Jamie Korner and
Simon Paul.
Jamie Korner, was Director of
Charities at Newton Investment
Management, a division he built
into one of the most significant
players in the sector. Jamie
Korner acts as trustee of, and
adviser to, many charities in the
educational and arts field. At
Stanhope, he will work alongside
Ed Jewson in the Stanhope
Jewson charitable investment
division and other members of
the charities team.
Simon Paul will be joining
from Sand Aire. He was
previously at Barclays Private
Bank and HSBC Private Bank.
The Rt Hon Lord Lamont of
Lerwick, former Chancellor of the
Exchequer under Prime Minister
John Major and who also held
Cabinet office as Chief Secretary
to the Treasury under Margaret
Thatcher, is now a member of the
firms Investment Committee.
J.P. Morgan Private Bank

announces hire
Andrew Kennedy has been hired
from SAM Capital Partners as a
private banker for JP Morgan
Private Bank in London, he will
advise and develop relationships
with uhnw clients in the U.K.,
working with financial sponsors
(private equity firms). We are
delighted to have Andrew join
J.P. Morgan Private Bank,
Citywealthmag.com
Jamie Korner of Stanhope
Simon Paul of Stanhope
commented Olivier de Givenchy,

head of the Private Bank in the
UK. His breadth of experience
and market knowledge make him
a valuable addition to our
expanding team as we continue to
enrich our first-class offering to
wealthy individuals and families
in the U.K.
Kennedy was COO and Head
of BD at SAM Capital Partners in
London. He was also previously a
senior member of the alternative
investments group at Dresdner
Kleinwort, a principal at Onda
Capital, and an investment
banker in equity capital markets
at J.P. Morgan in London. Prior
to that, he practised corporate
and securities law in both London
and Toronto.
key investment management

roles including at Hermes
Pensions Management and
Baring Asset Management. She
will report to Nandu Patel, Head
of Charities for Rothschilds UK
Wealth Management business.
Tracy is a highly regarded
investment and relationship
manager with an impressive
track record, said Nandu Patel.
Rothschilds advice-led model is
proving to be very attractive to
UK charities and not-for-profit
organisations. Tracys experience
working with this sector in
particular makes her an
extremely valuable addition to
the team.
Charities are an extremely
important client base for
Rothschild and we are focused on
growing assets under
management, said Mark Kary,
Head of Rothschilds UK Wealth
Management business. Our
charity funds under management
grew by more than 20 per cent
during 2012 and now total more
than 0.5 billion.
Rothchild expands charity

capability
Rothschild has appointed Tracy
Collins to its Wealth Management
business as a Director in the
Charities team. Collins joins from
Sarasin & Partners, where she
was a Senior Associate Partner.
She has more than 15 years
experience, holding a variety of
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serve them, locally, nationally and internationally.
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an extensive range of legal services across numerous industries, our core areas of practice are cor\[^M`QZMZOUMX_Q^bUOQ_XUÙSMÙ[Z^QMXQ_`M`QO[YYQÔUMXZMZOQUZ`QXXQOàMX\^[\Q^èMZP`â_`_
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Joshua S. Rubenstein
National Head, Trusts and Estates
Co-Managing Partner, New York
212.940.7150
joshua.rubenstein@kattenlaw.com
charlotte chicago irving london los angeles new york oakland shanghai washington, dc
[^]S^]PU[XPcT)ZPccT]\dRWX]a^bT]\P]dZ[[_
Citywealthmag.com
OUT OF HOURS
QMS Medicosmetics launches agship store

near Sloane Square, London
Looking good facially has fallen
into two separate camps either la
la and relaxing which these days is
enjoyable but not really effective
on ageing. Then we have the botox
buddies and filler camp which is
a psychological step up in price
and procedures and comes with
the risk of a semi permanent trout
pout.
Blue-sky thinking says look for
the opportunity in the middle and
that is what Dr. med. Erich Shulte
Founder of QMS Medicosmetics
has done. Think la-la, think luxury
but also think serious. In the
1970s Dr. med. Erich Schulte
worked at the Maxillo Facial
Department for reconstructive
plastic surgery at the Gottingen
University Clinic in Germany. His
patients were mainly severe
accident and burns victims. At the
time, surgery could lead to the
reconstruction of the shape of the
face but skin remained scarred
and damaged. Through research,
Dr. med. Erich Schulte found that
collagen was highly significant in
Citywealthmag.com
the Anassa and Almyra in Cyprus

wound healing. He knew that if he
and further afield at The Saxon,
could find a way to reintroduce
Cape Grace, Constantia Uitsig
collagen into the skin, scar
and Ellerman House in South
formation would be reduced and
Africa.
skin could be regenerated.
The flagship store is
Dr. med. Erich Schulte
impressive and
moved into the field of
clinical. White
aesthetic and
Very comfortable
washed, it
cosmetic surgery
spa
beds
are
suitable
reminds a
continuing to
for snoozing; once on
visitor of The
investigate this
Hemple where
area and
mine I settled down
you
developed a
happy to submit
occasionally
method to
happily to whatever
get temporarily
condition natural
was coming
confused by the
soluble collagens
my way.
all encompassing
in a way that they
white and wonder if
could be applied
you are in a white cube
topically to skin to
with no possibility of exit.
regenerate it.
Fortunately staff are at hand to
He went on to launch QMS
guide then lull you into a good
Medicosmetics in 1986 in
old fashioned bit of spa-ness.
Germany and it now has 600
Very comfortable spa beds are
global spa, salon and beauty
suitable for snoozing; once on
partners who include Liberty of
mine. I settled down happy to
London. QMS Medicosmetics is
submit happily to whatever was
also at Switzerlands new Six
coming my way
Senses Spa at The Alpina Gstaad,
Fortunately, the treatments
the multi-award winning spas at
OUT OF HOURS
I was lost in a
delightful delirium that
only a truly well trained
spa can induce.
despite being super science and

medical-based were delicately
applied, smelt like tea roses and
there was such a variety of
different creams and face masks
that I was lost in a delightful
delirium that only a truly well
trained spa (think ESPA) can
induce even drifting in and out of
sleep as fingers lightly and
hypnotically tapped and stroked
my skin. It is the sort of treatment
that you never want to end. More,
more, you hear your brain say
dreamily like a child being swung
relentlessly in a circle.
Prices are very reasonable for
the treatments which are around
120 for a facial, and creams are
in the ball park of 80 which, I
think, means the next big thing in
the anti-ageing world isnt being
searched for, it just arrived.
CLASSIC COLLAGEN
INTENSE TREATMENT
Instantly effective nurturing
treatment developed to revitalize
and regenerate stressed and
damaged skin while stabilizing its
functions. Natural Soluble
Collagens return the skin to a
youthful and healthy state by
increasing collagen levels.
Includes a Deep Cleansing
Treatment. 120 mins is 180.00.
QMS OXYGEN FACIAL
QMS Oxygen Facial is developed
to channel active ingredients
effectively and intensively into the
skin using an oxygen energy
applicator. The improved oxygen
supply encourages circulation and
stimulates a regenerative process.
90 mins is 145.00.
QMS MEDICOSMETICS
http://www.qmsmedicosmetics.com/en/home
+ 44 (0) 20 7730 8090 + 44 (0) 20 7730 8090 FREE
london@qmsmedicosmetics.com
Citywealthmag.com
HSSIUM
www.hassium.co.uk
Wealth Management
Your partner in the financial markets.
Allowing you to sleep easy.

Hassium Asset Management LLP
Authorised and regulated by the Financial Services Authority
Citywealthmag.com
yogi.dewan@hassium.co.uk
+44 1753 887569
OUT OF HOURS
The secret to a six pack?

Its all in the inner core
So says Mark Rahaman of Mark R
Fitness, personal training. Whether
you are dressing for the summer
season or planning a trip or holiday,
sucking in your tummy is temporary
and tiring, it is best to tackle bumps
and lumps ahead of show time.
Furious, last-minute exercise
generally doesnt work and can cause
injury. Mark R Fitness personal
training gives Citywealth his advice
for some six pack summer
condence or a small natty nipped-in
waist.
Two tier tummy
Think of the stomach as divided
into two parts, Mark Rahaman of
Mark R Fitness explains, the
inner core which gives us support
and outer core which is like our
armour. To flatten the tummy it is
important to begin to work on the
inner core first. There are four
major muscle groups, the deep
core muscles called the TVA, the
muscles running along the spine
(multifidus) the diaphragm and
pelvic floor muscles. The inner
core supports your internal organs
like the colon, liver and stomach

much like a shopping bag holding
your groceries in it. If you dont
work on it, the organs will begin
to droop and sag creating pressure
in the lower part of your
abdomen, leading to a host of
illnesses as you get older.
Focus on your inner girdle
When the inner core is weak,
adds Rahaman, you are much
more likely to get injuries from
crunchies or sit-ups especially
within the lower back. So first you
will need to tighten and
strengthen the inner core to
support and stabilize the spine. By
working the deep abdominal wall
(TVA), it will act like the bodys
natural girdle giving you a flat
stomach. If you combine this with
a strong outer core and lower
body fat then the result is a strong
flat lean stomach.
Inner core workout
How to: The four point
vacuum exercise
Begin in a kneeling position with
Begin in a kneeling position with your knees directly under your hips
Citywealthmag.com
Mark Rahaman of Mark R Fitness
your knees directly under your

hips and your hands directly
under your shoulders. Take a
deep breath in and let your belly
out towards the floor. Exhale
slowly and draw your belly
button in towards your spine
while simultaneously drawing
your pelvic floor muscles up,
hold for at least ten seconds then
relax breath in and repeat for ten
repetitions.
And for your lower
abdominals
Lie on the ground with your feet
on the floor. Exhale slowly while
drawing your belly button in
towards your spine,
simultaneously rotating your
hips toward the ceiling. Raise
one foot off the ground, place the
foot back on the ground and
repeat with the other leg
alternating for 12 to 20
repetitions.
More lower abdominals..
Lie on the ground with your feet
on the floor. With your knees
bent raise both feet off the floor.
Exhale slowly while drawing
your belly button in towards
your spine while slowly lowering
OUT OF HOURS
one leg to the ground, raise your

leg back up and alternate between
legs for twelve to twenty
repetitions.
No substitute for good old
fashioned diet and exercise
Perform all these exercises two to
three times per week. And finally,
as always, there is no substitute
for diet and exercise, so combine
my flat tummy advice with a good,
clean diet and regular exercise
programme.
When you begin to work on
your inner core you need to
simultaneously put yourself on a
clean, balanced wholefood diet
together with a good structured
exercise programme. Then it is a
question of time before you get
your six pack or willowy waist.
Further information
If you would like some free
information then see Marks blog:
http://www.markrfitness.com/blo
g/ or come back here each
month for more tips on how to
shape up for summer.
boot camp training session in

Russell Square Central London.
Boot camp prices start from 10
per session, 120 for a months
training package for three
morning sessions per week
Monday,Wednesday and Friday.
Or for a more flexible option of
11.60 per session at 140 for 12
sessions to be used over a six week
period. Further details at:
http://www.markrfitness.com/gr
oup-training/
As always there is no
substitute for diet and
exercise so combine my
flat tummy advice with
a good, clean diet and
regular exercise
programme.
Mark Rahaman
Boxing-for-fitness
Mark R Fitness also runs a
boxing-for-fitness class within the
South Woodford area E18.
Thursday evenings and Saturday
mornings, prices are from 7.50
per session for a monthly booking
or 10 pay as you go.
Personal training
Mark also offers one-to-one
personal training sessions for
short-term goals or longer.
Personal training prices start from
60 per session for sessions based
at your home or within a park or
outdoor area.
Boot camp
Mark R Fitness offers a group
For more details Contact Mark Rahaman Dip PT IIST

IIHHT BBBC UKSCA
07956239690 or E mail mark@marktfitness.com
Twitter @markrfitness
Facebook markrfitness
http://www.markrfitness.com/personal-training/
Citywealthmag.com
Citywealthmag.com
BUSINESS OR
PLEASURE
Welcome to The World

A morning swim in the Indian Ocean. Fine dining
o South America. A jog along the coast of
Africa. All this is possible when you are a resident
of The World. Review by Karen Jones
The World is a big place and so is
The World. For it is more than a
cruise ship. It is like uprooting
Mayfair and putting it to sail.
With private apartments only and
residents who vote on their own
itinerary, The World attracts
successful, mostly retired
businessmen and their wives from
around the globe, typically with a
love of sailing and the sea but who
Citywealthmag.com
eschew owning a gin palace or

sailing boat themselves yet still
want all the benefits of the
lifestyle.
Boarding The World is like
entering a private club; imagine
the George in Mount Street mixed
with Annabels, but with recently
renovated Cannes-style swimming
deck, cigar bars, golf simulator,
jazz bar, a variety of restaurants
BUSINESS OR
PLEASURE
The stunning sight of Hong Kong Island enjoyed from the decks of The World
serving fine foods to suit the

tastes of all residents,
poker room, deli,
night club and
spa. In short,
The World is
the perfect
home from
home at sea
for the
entrepreneur
and his wife or
grown-up
family, the
Mayfair massive, or
silver fox Etonians.
residents get to say how their

money and annual
maintenance fees
are spent. The
World enjoys
affiliations
with other
yacht clubs
around the
world, which
enables
residents to
engage with the
international
sailing community.
But the real reason to buy
into The World is the ability to
pick any point in the oceans to sail
to. There are no packages to stick
to; no pre-prescribed route. The
World is for the person who has
travelled widely, been everywhere
There is clear blue

water between
The World and
the average
cruise liner.
An ocean of style
There is clear blue water between
The World and the average cruise
liner. There is a state-of-the art
medical service on board the
Citywealthmag.com
BUSINESS OR
PLEASURE
The World features excellent restaurants, a jazz bar, cigar bars, a golf simulator... the comforts of home wherever you may be
on business, and has experienced

a five-star life already to really go
where hardly anyone has ever
gone before. It allows residents to
say, Weve had enough wild stuff
and want to stick to the
Mediterranean this year. The
captain helps out with
suggestions, then the residents
vote.
Not many residents live on the
ship all year round. Many are of
course still engaged in business
and have homes elsewhere. They

prefer to come on board when
they fancy a break without having
to think too much and want to
wake up in familiar surroundings
with the world and its riches
coming to them.
Intrigued? Apartments do
come up but not especially
regularly. Still, there is a
percentage of circulation of
property. Keep your eye on the
horizon.
For further information, please visit

www.aboardtheworld.com
Citywealthmag.com
OUT OF HOURS
CITYWEALTH
INTERNATIONAL FINANCIAL
CENTRE AWARDS 2014
2013 award winner, Julian Winser, CEO, Schroders CI,

with Daniel Martineau, Executive Chairman, Summit
Trust International and Rt Hon Michael Portillo
The Citywealth International Financial
Centre Awards were established to highlight the
excellence of the advisors and managers in the
private wealth sector in the major international
financial centres. In what has been a period of
extreme turbulence for clients this is when quality
advice is at a premium. It is when the best of the
best really stand out. Categories for 2014 are now
live on the website. The contest will open for
submissions in May 2013. Categories include:
Cyprus: Law firm of the Year Private Bank of the Year
Trust company of the year
Guernsey: Law firm of the Year Trust Company of the
Year Private Bank of the Year Investment
Management Company of the Year
Caribbean: Law firm of the Year Trust Company of
the Year Private Bank of the Year
Gibraltar: Law firm of the Year Trust Company of the
Year
Isle of Man: Law firm of the Year Trust Company of
the Year Private Bank of the Year Investment
Jersey: Law firm of the Year Trust Company of the
Year Private Bank of the Year Investment
.... and more...
The judges will also select a number of individuals
whose track record and accomplishments have
marked them out over the past year. The industry
will also take part in online voting.
For further information, please contact:
Joe Bell - Citywealth, jbell@j-p-c.tv
Direct: +44 (0) 1483 526445 +44 (0) 1483 526445
Mob: Main office: +44 (0)20 7224 9565
Citywealthmag.com
www.penningtons.co.uk
fluid thinking.
clear solutions.
delivering creative advice tailored to your
wealth structuring needs.
To find out more about our full range of expertise for UK and overseas based
private clients, please call 020 7457 3000, e-mail info@penningtons.co.uk
or visit www.penningtons.co.uk
Penningtons Solicitors LLP private client services include:
Estate planning
Domicile and residence issues
Cross-border matters
Wills and trusts
Administration of estates
Structuring of inward investments,
including property purchases
Contentious private client cases
UK and international family law
HNWI immigration

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Citywealthmag.

Magic Circle Awards bring the private

he Citywealth Magic Circle

private wealth sector in the UK

Citywealth is published by Jones

Citywealth magazine, Awards Special 2013 l 1

L to R: Mason Birbeck, Collas

hotels lobby. The event also had

Mercator, Sanne Group, Summit

Citywealth magazine, Awards Special 2013 l 2

Nina Johnstone and Sheila

economic conditions: the evening

Colvin representing The Lords

Citywealth magazine, Awards Special 2013 l 3

L to R: Andrew Palmer, David

research and development which

wore a navy couture dress with a

For more information, please contact

Citywealth magazine, Awards Special 2013 l 5

+44 (0)1534 750588

+44 (0)1534 710231

Channel Islands | London | Luxembourg | Dublin | Dubai | Hong Kong | Shanghai

Karen Jones presents the

Citywealth Tomorrow Club Emerging Manager of the Year

nder the guidance of Richard

pleasure to see Nick win. He is a

Citywealth magazine, Awards Special 2013 l 7

Sam Longworth of Stewarts

Citywealth YP New Leader of

the top. Constantly shortlisted for

Longworth has worked

Citywealth magazine, Awards Special 2013 l 8

Winner of the Editors

Citywealth Editors Choice

imon Jennings has a long

planning and wealth structuring

Citywealth magazine, Awards Special 2013 l 9

Winner: RBC Wealth

Private Bank of the Year Wealth Managers

people we hire reflects our

Citywealth magazine, Awards Special 2013 l 11

Winner: Schroders Private

Private Bank of the Year

chroders has remained one of

managing investment portfolios of

Citywealth magazine, Awards Special 2013 l 12

Boutique Private Client

Hoare & Co continues to

Winner: C. Hoare & Co

ever happened to C. Hoare & Co.

Runner up: JO Hambro Investment

Citywealth magazine, Awards Special 2013 l 13

Institutional Private Client

nvestec has been moving at full

Winner: Investec Wealth &

Karen Jones, Editor,

Runners up: Schroders Private

Citywealth magazine, Awards Special 2013 l 14

athbones is held in high

Charity Investment Manager of

Citywealth magazine, Awards Special 2013 l 15

Hawksford is a leading independent wealth structuring

Winner: Close Brothers

Financial Advisory Firm of