<br />
CAPITAL OUTFLOW<br />
Private bankers need to look<br />
beyond London for new wealth<br />
MATERIAL WORLD<br />
Why LVMH and friends are really<br />
buying up luxury goods companies<br />
FAMILY LAWYER<br />
INDEX<br />
What could be more romantic<br />
than having the perfect<br />
divorce lawyer?<br />
Wealth Management, Business and Culture Issue 38 £25<br />
Our cover — `Sloane Square in Space' — is inspired by our story on page 45<br />
Discover the best of bespoke private banking.<br />
Duncan Lawrie offers first-class service, a direct line to<br />
your own personal Relationship Manager and flexible<br />
borrowing opportunities.<br />
In a recent survey, 65% of our banking clients gave their<br />
Bank Manager 10/10, and our Relationship Managers<br />
scored 81% for client satisfaction – 20% higher than our<br />
peer group*.<br />
To find out more, contact us:<br />
Call us on 0845 680 8778 – M<a title="Spear's 38 page 1" href="http://viewer.zmags.com/publication/ccf0a6ae?page=1"> CAPITAL OUTFLOW Private bankers need to look </a>
<a title="Spear's 38 page 2" href="http://viewer.zmags.com/publication/ccf0a6ae?page=2"> Discover the best of bespoke private </a>
<a title="Spear's 38 page 3" href="http://viewer.zmags.com/publication/ccf0a6ae?page=3"> CONTENTS `I am mulling over the pros and cons of </a>
<a title="Spear's 38 page 4" href="http://viewer.zmags.com/publication/ccf0a6ae?page=4"> CONTENTS 96 WE'RE BOWLED OVER BY POT</a>
<a title="Spear's 38 page 5" href="http://viewer.zmags.com/publication/ccf0a6ae?page=5"> PrivUaKcywinealtwhoinrldLioefchtrtaenspteairne:nc</a>
<a title="Spear's 38 page 6" href="http://viewer.zmags.com/publication/ccf0a6ae?page=6"> AN ELEGANT PERFORMANCE </a>
<a title="Spear's 38 page 7" href="http://viewer.zmags.com/publication/ccf0a6ae?page=7"> QUATTROPORTE </a>
<a title="Spear's 38 page 8" href="http://viewer.zmags.com/publication/ccf0a6ae?page=8"> Search ‘MYLA SPEARS’ to request your compli</a>
<a title="Spear's 38 page 9" href="http://viewer.zmags.com/publication/ccf0a6ae?page=9"> </a>
<a title="Spear's 38 page 10" href="http://viewer.zmags.com/publication/ccf0a6ae?page=10"> ST JAMES'S </a>
<a title="Spear's 38 page 11" href="http://viewer.zmags.com/publication/ccf0a6ae?page=11"> • All day dining from 7 am • Private dining rooms</a>
<a title="Spear's 38 page 12" href="http://viewer.zmags.com/publication/ccf0a6ae?page=12"> LEADERS PATRON SAINTS AND PATRON SINN</a>
<a title="Spear's 38 page 13" href="http://viewer.zmags.com/publication/ccf0a6ae?page=13"> </a>
<a title="Spear's 38 page 14" href="http://viewer.zmags.com/publication/ccf0a6ae?page=14"> LEADERS John Carpenter House John Carpenter S</a>
<a title="Spear's 38 page 15" href="http://viewer.zmags.com/publication/ccf0a6ae?page=15"> A bank you can trust </a>
<a title="Spear's 38 page 16" href="http://viewer.zmags.com/publication/ccf0a6ae?page=16"> FROM THE FOUNDER WILLIAM CASH I </a>
<a title="Spear's 38 page 17" href="http://viewer.zmags.com/publication/ccf0a6ae?page=17"> </a>
<a title="Spear's 38 page 18" href="http://viewer.zmags.com/publication/ccf0a6ae?page=18"> EDITOR'S LETTER JOSH SPERO S </a>
<a title="Spear's 38 page 19" href="http://viewer.zmags.com/publication/ccf0a6ae?page=19"> A fresh perspective “They listened to us and res</a>
<a title="Spear's 38 page 20" href="http://viewer.zmags.com/publication/ccf0a6ae?page=20"> THE DIARY TAMARA SALMAN TAMARA SALMAN IS FOU</a>
<a title="Spear's 38 page 21" href="http://viewer.zmags.com/publication/ccf0a6ae?page=21"> </a>
<a title="Spear's 38 page 22" href="http://viewer.zmags.com/publication/ccf0a6ae?page=22"> The </a>
<a title="Spear's 38 page 23" href="http://viewer.zmags.com/publication/ccf0a6ae?page=23"> LUXURY MOMENTS · LUXURY LIFE Mallor</a>
<a title="Spear's 38 page 24" href="http://viewer.zmags.com/publication/ccf0a6ae?page=24"> THE HEDGEHOG </a>
<a title="Spear's 38 page 25" href="http://viewer.zmags.com/publication/ccf0a6ae?page=25"> SOCIETE GENERALE PRIVATE BANKING HAMBROS </a>
<a title="Spear's 38 page 26" href="http://viewer.zmags.com/publication/ccf0a6ae?page=26"> THE HEDGEHOG TWIT TWOO Nesrine Malik @N</a>
<a title="Spear's 38 page 27" href="http://viewer.zmags.com/publication/ccf0a6ae?page=27"> </a>
<a title="Spear's 38 page 28" href="http://viewer.zmags.com/publication/ccf0a6ae?page=28"> THE GIVER AND THE GIFT The Giver VAHID ALAGHBAND</a>
<a title="Spear's 38 page 29" href="http://viewer.zmags.com/publication/ccf0a6ae?page=29"> THE GIVER AND THE GIFT The Gift GUS CHRISTIE EXE</a>
<a title="Spear's 38 page 30" href="http://viewer.zmags.com/publication/ccf0a6ae?page=30"> SHOT BEFORE DAWN Eddie Perez The head chef</a>
<a title="Spear's 38 page 31" href="http://viewer.zmags.com/publication/ccf0a6ae?page=31"> SHOT BEFORE DAWN 18 SP</a>
<a title="Spear's 38 page 32" href="http://viewer.zmags.com/publication/ccf0a6ae?page=32"> 1 5 9 11 6 </a>
<a title="Spear's 38 page 33" href="http://viewer.zmags.com/publication/ccf0a6ae?page=33"> SHOT BEFORE DAWN 15 16 17 18 19 20 2</a>
<a title="Spear's 38 page 34" href="http://viewer.zmags.com/publication/ccf0a6ae?page=34"> SHOT BEFORE DAWN 1 2 3 </a>
<a title="Spear's 38 page 35" href="http://viewer.zmags.com/publication/ccf0a6ae?page=35"> LIVE SIDE BY SIDE WITH NATURE Computer generated </a>
<a title="Spear's 38 page 36" href="http://viewer.zmags.com/publication/ccf0a6ae?page=36"> SUMMER CHARTER WEST MED, EAST MED OR ADRIATIC CHA</a>
<a title="Spear's 38 page 37" href="http://viewer.zmags.com/publication/ccf0a6ae?page=37"> COUNTER CULTURE // PEP TALK // THE DISCRIMINATOR</a>
<a title="Spear's 38 page 38" href="http://viewer.zmags.com/publication/ccf0a6ae?page=38"> THE COLUMNS // COUNTER CULTURE </a>
<a title="Spear's 38 page 39" href="http://viewer.zmags.com/publication/ccf0a6ae?page=39"> THE COLUMNS // PEP TALK Robert Amsterdam `In lie</a>
<a title="Spear's 38 page 40" href="http://viewer.zmags.com/publication/ccf0a6ae?page=40"> THE COLUMNS // THE DISCRIMINATOR Alessandro Tomé </a>
<a title="Spear's 38 page 41" href="http://viewer.zmags.com/publication/ccf0a6ae?page=41"> THE COLUMNS // THE DISCRIMINATOR </a>
<a title="Spear's 38 page 42" href="http://viewer.zmags.com/publication/ccf0a6ae?page=42"> THE COLUMNS // THE LAW Martyn Gowar `Many share </a>
<a title="Spear's 38 page 43" href="http://viewer.zmags.com/publication/ccf0a6ae?page=43"> THE COLUMNS // VIEW FROM ST PAUL'S Guy Monson `T</a>
<a title="Spear's 38 page 44" href="http://viewer.zmags.com/publication/ccf0a6ae?page=44"> THE COLUMNS // IMAGE RIGHTS Edward Amory `Politi</a>
<a title="Spear's 38 page 45" href="http://viewer.zmags.com/publication/ccf0a6ae?page=45"> A UNIQUE AUTOMOTIVE MASTERPIECE AND THE ONLY HYPE</a>
<a title="Spear's 38 page 46" href="http://viewer.zmags.com/publication/ccf0a6ae?page=46"> </a>
<a title="Spear's 38 page 47" href="http://viewer.zmags.com/publication/ccf0a6ae?page=47"> WEALTH MANAGEMENT // PHILANTHROPY // LAW FAMILY</a>
<a title="Spear's 38 page 48" href="http://viewer.zmags.com/publication/ccf0a6ae?page=48"> THE ISSUES // SPACE TRAVEL >‘I </a>
<a title="Spear's 38 page 49" href="http://viewer.zmags.com/publication/ccf0a6ae?page=49"> down on the floor and you get six people standing </a>
<a title="Spear's 38 page 50" href="http://viewer.zmags.com/publication/ccf0a6ae?page=50"> THE ISSUES // ENTREPRENEURS TECH FOR GRANTED For</a>
<a title="Spear's 38 page 51" href="http://viewer.zmags.com/publication/ccf0a6ae?page=51"> the public sector. The private sector has sought </a>
<a title="Spear's 38 page 52" href="http://viewer.zmags.com/publication/ccf0a6ae?page=52"> THE ISSUES // PHILANTHROACTIVISM ACTIVEDUTY From</a>
<a title="Spear's 38 page 53" href="http://viewer.zmags.com/publication/ccf0a6ae?page=53"> activists remain prisoners to the profit motive. T</a>
<a title="Spear's 38 page 54" href="http://viewer.zmags.com/publication/ccf0a6ae?page=54"> THE ISSUES // WEALTH MANAGEMENT CAPITAL OUTFLOW </a>
<a title="Spear's 38 page 55" href="http://viewer.zmags.com/publication/ccf0a6ae?page=55"> THE ISSUES // WEALTH MANAGEMENT £15 billion o</a>
<a title="Spear's 38 page 56" href="http://viewer.zmags.com/publication/ccf0a6ae?page=56"> THE ISSUES // WEALTH MANAGEMENT </a>
<a title="Spear's 38 page 57" href="http://viewer.zmags.com/publication/ccf0a6ae?page=57"> The finishing touch A premium collaboration not </a>
<a title="Spear's 38 page 58" href="http://viewer.zmags.com/publication/ccf0a6ae?page=58"> THE ISSUES // FAMILY BUSINESS SELL-O-TAPE Willia</a>
<a title="Spear's 38 page 59" href="http://viewer.zmags.com/publication/ccf0a6ae?page=59"> KPMG administration pack and report, and have acc</a>
<a title="Spear's 38 page 60" href="http://viewer.zmags.com/publication/ccf0a6ae?page=60"> THE ISSUES // FAMILY BUSINESS Overall, </a>
<a title="Spear's 38 page 61" href="http://viewer.zmags.com/publication/ccf0a6ae?page=61"> Wealth Management Awards 2014 `The O</a>
<a title="Spear's 38 page 62" href="http://viewer.zmags.com/publication/ccf0a6ae?page=62"> THE ISSUES // ART UP AGAINST THE WALL Soaring </a>
<a title="Spear's 38 page 63" href="http://viewer.zmags.com/publication/ccf0a6ae?page=63"> make the most money with, because actually we've </a>
<a title="Spear's 38 page 64" href="http://viewer.zmags.com/publication/ccf0a6ae?page=64"> Photographs by Todd White ABOVE: BISCHOFF/WEISS </a>
<a title="Spear's 38 page 65" href="http://viewer.zmags.com/publication/ccf0a6ae?page=65"> coms are the main reason for unhappy relationship</a>
<a title="Spear's 38 page 66" href="http://viewer.zmags.com/publication/ccf0a6ae?page=66"> THE ISSUES // WEALTH MANAGEMENT HEDGE TRIMMERS M</a>
<a title="Spear's 38 page 67" href="http://viewer.zmags.com/publication/ccf0a6ae?page=67"> THE ISSUES // WEALTH MANAGEMENT more funds th</a>
<a title="Spear's 38 page 68" href="http://viewer.zmags.com/publication/ccf0a6ae?page=68"> Divorce is prospectively a 50% tax on your wealth</a>
<a title="Spear's 38 page 69" href="http://viewer.zmags.com/publication/ccf0a6ae?page=69"> THE INDEX // FAMILY LAWYERS THE SPEAR’S INDEX </a>
<a title="Spear's 38 page 70" href="http://viewer.zmags.com/publication/ccf0a6ae?page=70"> THE INDEX // PRE-NUPS THE FORESIGHT SAGA Wither</a>
<a title="Spear's 38 page 71" href="http://viewer.zmags.com/publication/ccf0a6ae?page=71"> THE INDEX // PRE-NUPS selves at the mercy of </a>
<a title="Spear's 38 page 72" href="http://viewer.zmags.com/publication/ccf0a6ae?page=72"> THE INDEX // DIVORCE LAW THE GREAT DIVIDE Whil</a>
<a title="Spear's 38 page 73" href="http://viewer.zmags.com/publication/ccf0a6ae?page=73"> GREY AREAS EU countries are at different stages i</a>
<a title="Spear's 38 page 74" href="http://viewer.zmags.com/publication/ccf0a6ae?page=74"> THE INDEX // FAMILY LAWYERS THE COUNTRY’S TOP 50 </a>
<a title="Spear's 38 page 75" href="http://viewer.zmags.com/publication/ccf0a6ae?page=75"> Sandra Davis Mishcon de Reya TOP </a>
<a title="Spear's 38 page 76" href="http://viewer.zmags.com/publication/ccf0a6ae?page=76"> THE INDEX // FAMILY LAWYERS intelligence, insti</a>
<a title="Spear's 38 page 77" href="http://viewer.zmags.com/publication/ccf0a6ae?page=77"> THE INDEX // FAMILY LAWYERS Ric</a>
<a title="Spear's 38 page 78" href="http://viewer.zmags.com/publication/ccf0a6ae?page=78"> THE INDEX // FAMILY LAWYERS rest of their</a>
<a title="Spear's 38 page 79" href="http://viewer.zmags.com/publication/ccf0a6ae?page=79"> THE INDEX // FAMILY LAWYERS TOP RECOMM</a>
<a title="Spear's 38 page 80" href="http://viewer.zmags.com/publication/ccf0a6ae?page=80"> THE INDEX // FAMILY LAWYERS Camilla Baldwin Cam</a>
<a title="Spear's 38 page 81" href="http://viewer.zmags.com/publication/ccf0a6ae?page=81"> THE INDEX // FAMILY LAWYERS work will dry up be</a>
<a title="Spear's 38 page 82" href="http://viewer.zmags.com/publication/ccf0a6ae?page=82"> conduct I think anybody involved with it had</a>
<a title="Spear's 38 page 83" href="http://viewer.zmags.com/publication/ccf0a6ae?page=83"> THE INDEX // FAMILY LAWYERS Suzanne Kingston Wi</a>
<a title="Spear's 38 page 84" href="http://viewer.zmags.com/publication/ccf0a6ae?page=84"> THE INDEX // FAMILY LAWYERS Julian Lipson Withe</a>
<a title="Spear's 38 page 85" href="http://viewer.zmags.com/publication/ccf0a6ae?page=85"> Miles Preston Miles Preston & Co relaxes by ridi</a>
<a title="Spear's 38 page 86" href="http://viewer.zmags.com/publication/ccf0a6ae?page=86"> THE INDEX // FAMILY LAWYERS Liz Vernon Clintons</a>
<a title="Spear's 38 page 87" href="http://viewer.zmags.com/publication/ccf0a6ae?page=87"> THE INDEX // FAMILY LAWYERS Rebecca Carlyon Pen</a>
<a title="Spear's 38 page 88" href="http://viewer.zmags.com/publication/ccf0a6ae?page=88"> Marina Faggionato QEB clients for whom defe</a>
<a title="Spear's 38 page 89" href="http://viewer.zmags.com/publication/ccf0a6ae?page=89"> THE INDEX // FAMILY LAWYERS Amber Sheridan 29 </a>
<a title="Spear's 38 page 90" href="http://viewer.zmags.com/publication/ccf0a6ae?page=90"> </a>
<a title="Spear's 38 page 91" href="http://viewer.zmags.com/publication/ccf0a6ae?page=91"> BOOKS // FOOD // WINE // ART // LUXURY TRAVEL </a>
<a title="Spear's 38 page 92" href="http://viewer.zmags.com/publication/ccf0a6ae?page=92"> THE GOOD LIFE // BOOKS EX LIBRIS Peter York on h</a>
<a title="Spear's 38 page 93" href="http://viewer.zmags.com/publication/ccf0a6ae?page=93"> intently by Amazon to see what performs and wheth</a>
<a title="Spear's 38 page 94" href="http://viewer.zmags.com/publication/ccf0a6ae?page=94"> THE GOOD LIFE // FOOD FRONT RUNNER Jon Spiteri </a>
<a title="Spear's 38 page 95" href="http://viewer.zmags.com/publication/ccf0a6ae?page=95"> sons on Fulham Road. Next up was Joe Allen, the a</a>
<a title="Spear's 38 page 96" href="http://viewer.zmags.com/publication/ccf0a6ae?page=96"> THE GOOD LIFE // WINE VINTAGE PARTNERSHIPS Pair</a>
<a title="Spear's 38 page 97" href="http://viewer.zmags.com/publication/ccf0a6ae?page=97"> THE GOOD n Condrieu L'Enfer, Domaine Georges </a>
<a title="Spear's 38 page 98" href="http://viewer.zmags.com/publication/ccf0a6ae?page=98"> THE GOOD LIFE // ART pots of gold Never mind </a>
<a title="Spear's 38 page 99" href="http://viewer.zmags.com/publication/ccf0a6ae?page=99"> Main photograph by Hélène Binet. Left by Toby Gla</a>
<a title="Spear's 38 page 100" href="http://viewer.zmags.com/publication/ccf0a6ae?page=100"> THE GOOD LIFE // ART RAW DEAL Behind every succe</a>
<a title="Spear's 38 page 101" href="http://viewer.zmags.com/publication/ccf0a6ae?page=101"> THE GOOD LIFE // ART Neque il</a>
<a title="Spear's 38 page 102" href="http://viewer.zmags.com/publication/ccf0a6ae?page=102"> THE GOOD </a>
<a title="Spear's 38 page 103" href="http://viewer.zmags.com/publication/ccf0a6ae?page=103"> THE GOOD </a>
<a title="Spear's 38 page 104" href="http://viewer.zmags.com/publication/ccf0a6ae?page=104"> THE GOOD LIFE // ART THE PICTET PIC PICK This y</a>
<a title="Spear's 38 page 105" href="http://viewer.zmags.com/publication/ccf0a6ae?page=105"> THE GOOD LIFE // ART 3 </a>
<a title="Spear's 38 page 106" href="http://viewer.zmags.com/publication/ccf0a6ae?page=106"> THE GOOD LIFE // ART 4 5 </a>
<a title="Spear's 38 page 107" href="http://viewer.zmags.com/publication/ccf0a6ae?page=107"> THE GOOD LIFE // ART 6 </a>
<a title="Spear's 38 page 108" href="http://viewer.zmags.com/publication/ccf0a6ae?page=108"> THE GOOD LIFE // WATCHES SPACE AND TIME Watches h</a>
<a title="Spear's 38 page 109" href="http://viewer.zmags.com/publication/ccf0a6ae?page=109"> watches are left alone for a few days, the moveme</a>
<a title="Spear's 38 page 110" href="http://viewer.zmags.com/publication/ccf0a6ae?page=110"> THE GOOD LIFE // ULTRA OUT OF ARABIA The Emi</a>
<a title="Spear's 38 page 111" href="http://viewer.zmags.com/publication/ccf0a6ae?page=111"> from South Africa. The chef makes the kind of foo</a>
<a title="Spear's 38 page 112" href="http://viewer.zmags.com/publication/ccf0a6ae?page=112"> THE GOOD LIFE // ULTRA material world The av</a>
<a title="Spear's 38 page 113" href="http://viewer.zmags.com/publication/ccf0a6ae?page=113"> in the luxury markets is something quite other — </a>
<a title="Spear's 38 page 114" href="http://viewer.zmags.com/publication/ccf0a6ae?page=114"> THE GOOD LIFE // TRAVEL FUNDING DRIVES It's a far</a>
<a title="Spear's 38 page 115" href="http://viewer.zmags.com/publication/ccf0a6ae?page=115"> the main story of a car crash, together with the </a>
<a title="Spear's 38 page 116" href="http://viewer.zmags.com/publication/ccf0a6ae?page=116"> THE GOOD LIFE // TRAVEL </a>
<a title="Spear's 38 page 117" href="http://viewer.zmags.com/publication/ccf0a6ae?page=117"> Rings. You glimpse a flash of shadow as one attack</a>
<a title="Spear's 38 page 118" href="http://viewer.zmags.com/publication/ccf0a6ae?page=118"> THE GOOD LIFE // TRAVEL BOUTIQUE HOTELS Wh</a>
<a title="Spear's 38 page 119" href="http://viewer.zmags.com/publication/ccf0a6ae?page=119"> necessarily be something you wear — it is, for ma</a>
<a title="Spear's 38 page 120" href="http://viewer.zmags.com/publication/ccf0a6ae?page=120"> SPEAR'S PARTNER A CLINICAL APPROACH Spear's hea</a>
<a title="Spear's 38 page 121" href="http://viewer.zmags.com/publication/ccf0a6ae?page=121"> so that gets to a few of them, who have drinking </a>
<a title="Spear's 38 page 122" href="http://viewer.zmags.com/publication/ccf0a6ae?page=122"> SPEAR'S PARTNER ON YOUR MARQUES Put your foot on</a>
<a title="Spear's 38 page 123" href="http://viewer.zmags.com/publication/ccf0a6ae?page=123"> SPEAR'S PARTNER 6 5 4 1. Lyk</a>
<a title="Spear's 38 page 124" href="http://viewer.zmags.com/publication/ccf0a6ae?page=124"> THE GOOD LIFE // PROPERTY Ross Clark `Plutocrat</a>
<a title="Spear's 38 page 125" href="http://viewer.zmags.com/publication/ccf0a6ae?page=125"> THE GOOD LIFE // COUNTRY WIRE Clive Aslet `Fran</a>
<a title="Spear's 38 page 126" href="http://viewer.zmags.com/publication/ccf0a6ae?page=126"> THE GOOD LIFE // PLEASURE DIVIDEND Nick Foulkes </a>
<a title="Spear's 38 page 127" href="http://viewer.zmags.com/publication/ccf0a6ae?page=127"> 26 JUNE - 2 JULY PREVIEW 25 JUNE </a>
<a title="Spear's 38 page 128" href="http://viewer.zmags.com/publication/ccf0a6ae?page=128"> THE GOOD LIFE // MID-ATLANTIC GIRL Daisy Prince </a>
<a title="Spear's 38 page 129" href="http://viewer.zmags.com/publication/ccf0a6ae?page=129"> SPEAR'S PARTNER RETURN OF THE MASTERS Masterpie</a>
<a title="Spear's 38 page 130" href="http://viewer.zmags.com/publication/ccf0a6ae?page=130"> THE GOOD LIFE // AT THE SHARP END John McAslan </a>
<a title="Spear's 38 page 131" href="http://viewer.zmags.com/publication/ccf0a6ae?page=131"> </a>
<a title="Spear's 38 page 132" href="http://viewer.zmags.com/publication/ccf0a6ae?page=132"> </a>