Credit Suisse veteran launches financial services company in London
The company will provide a range of wealth and corporate management services, including investment strategy and asset allocation, portfolio risk management and consolidation, and organize asset finance, to provide internally and in partnership with external parties.
“A lot of people were quick to write off the UK as an investment destination after Brexit, and after the coronavirus hit the country harder than any other big economy,” CEO Carvalho said.
“We think this point of view is incredibly short-sighted. Everything that has made London one of the world’s two most important financial capitals remains: infrastructure, rule of law, lifestyle, talent pool, stable government, reasonable taxation and a time zone, as well as access to a huge concentration of high-net worth individuals.
Tavistock, a £ 1bn firm acquired by Titan Wealth from Kaberry
According to the firm, it will draw on experience and economies of scale to enable private clients to access rates and services currently reserved for large institutions.
The company is supported by the Crescendo group based in Geneva. CEO and Co-Founder Jacques Diwan said: “We are delighted to partner with Leonardo and his team. The Crescendo Group knows London very well and we share Leonardo’s confidence in the UK’s growth prospects.
“Leonardo is the ideal person to lead this project; he brings nearly a quarter of a century of experience in the industry. He is passionate about the use of new technologies and he is unconditionally committed to providing unparalleled attention to customers and quality of service, ”he added.
Carvalho said wealth management in the UK and elsewhere has always been a ‘closed shop’ with the banking industry lacking transparency in the value it provides.
“We know that there is as much frustration within the industry as among its customers and that there is a huge demand to improve the value, accountability and service provided to its customers,” said Carvalho.
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“Our strategy is simple: we seek to change people’s expectations for the value that wealth managers should deliver and to change investment behaviors by providing great opportunities and services to everyone, from clients to our clients. industrial partners. We, who all represent the financial sector, must help regain the confidence of the population, ”he added.
The company will be headquartered in Mayfair and there are plans to expand to other jurisdictions including Switzerland, Monaco, Dubai and Singapore.