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‘We have to guide people out of this now. We’re not thinking doom and gloom any more,’ says Neil Moles, Progeny’s CEO.
Pre-corona, Moles had the foresight to warn HNWs not necessarily about the pandemic, but about events in the past 30 years that have led to similar shocks to the stock market. ‘We do spend a lot of time saying, “Do you realise that this could happen? Are you comfortable if it did?” You’ve got to be prepared for more volatility.’
The Leeds-based group is marching ahead with its expansion. ‘We’ve onboarded nine people in the last six weeks,’ he reveals. ‘And we’ve got 12 more positions we’re desperately trying to recruit.’