If there is something the financial crisis has taught us, it is that short-termism can be dangerous for investors. And few financial institutions can boast a longer horizon than Hoare’s, the UK’s oldest surviving independent bank, managed by one family for eleven generations. Hoare Nairne is now at the helm.
He joined the firm in 2006 after more than fifteen years in the financial services industry, working for firms including BZW, Asia Pacific Equities, Kleinwort Benson Private Bank, and Rathbone Bros, where he was previously an investment director and member of its investment committee focusing on HNW clients.
By focusing on the long term, the bank, which accepts only 250 new names a year so as to maintain service levels, is also able to offer peer beating returns in the shorter run.