Giles Crowe - Spear's Magazine

Giles Crowe

Citi Private Bank

Giles Crowe
Wealth Managers 2018
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Top Recommended UHNW Wealth Managers

A senior private banker at Citi since 2005, Giles Crowe focuses on the UK onshore and offshore UHNW market. His 30-year career has included spells at Coutts, Merrill Lynch and Barclays Private Bank. ‘My clients are generally highly successful entrepreneurs and their families who tend to utilise the full breadth of the Citi platform from core discretionary portfolios to opportunistic trading strategies with our capital markets team in an advisory capacity,’ he says.

Exciting long-term opportunities still abound within a growing global economy, despite fears of impending bear markets across asset classes and continued geopolitical unease, Crowe assures us. ‘After the extreme lows in volatility in 2017, [the market] is only likely to go one way and that’s higher! Fundamentals still support positive returns, albeit far more muted,’ he says.

A notable trend among clients is for portfolios containing more thematic investment strategies, he says. These are particularly focused on disruptive technologies and the impact these have across all industries and sectors.

Major challenges to the wealth management industry at the moment are fintech and regulation. ‘Whilst one is driving costs and fees down, the other
is having the opposite effect,’ explains Crowe. ‘How this impacts the industry only time will tell, as businesses adopt different ways to deliver advice and services.’