‘Things have been quiet,’ maintains Jitu Shah. ‘It’s the nervousness around the Brexit vote.’
The period since the referendum has brought immediate activity among bargain-pickers, though.
‘With sterling dropping significantly, many overseas clients are looking for opportunities,’ he says.
However, the current climate is unstable — and with the cloud of uncertainty around non-dom reforms, the future remains nebulous.
Known for his discretion and unassuming manner, Shah advises primarily Arab and East Asian entrepreneur HNWs on day-to-day business, financial management and tax positioning. Born and raised in Mombasa, he moved to the UK as a teenager and has worked in the same Old Bond Street office for 34 years.
Clients ‘aren’t necessarily looking for the most brilliant accountant, they’re looking for someone they feel they can trust’, he says.