Peter Gale of C Hoare & Co winner has tonight taken the prize for private banker of the year at the Spear’s Wealth Management Awards.
Judges pointed to his efforts in founding a “thriving entrepreneurial group and exhibiting a desire to bring on the next generation” at Britain’s oldest bank in their citation for the award.
Gale came out ahead of competition from Roddy Boulton of Credit Suisse, who was highly commended. Jim Bouley of Julius Baer, RBC Wealth Management’s Amit Kotha and Helen Watson from Rothschild Wealth Management also made the shortlist.
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Patrick Smiley of Smith & Williamson won the award for asset manager of the year to ultra-high net worth clients, while Bandish Gudka of LGT Vestra beat off the challenge of managers from Credit Suisse, UBS and Lincoln.
The awards, which recognise the best work in the private client field, took place tonight at the Dorchester hotel, hosted by Sky News economics editor Ed Conway.
Lawyer of the year for tax and trust issues went to John Riches of Withers for “his landmark work in relation to the Common Reporting Standard – all while fronting a boutique practice”.
Citi Private Bank took the honours in the international private bank category for the second year running, after winning clients across regions and exhibiting “impressive growth”.
Meanwhile, HSBC Private Banking won the title of UK private bank of the year, with judges citing its “mandates of dizzying complexity and for its tailored offering to business-owning families”.
The outstanding achievement award went to the Queen’s reputation management solicitor, Gerrard Tyrrell of Harbottle Lewis, in spite of the embarrassing storm over the involvement of the Duchy of Lancaster in the Paradise Papers leak.