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⬛🟥Citywealth

@Citywealth

Private wealth financial services, publishing and events. Lover of art, travel, great wine, crypto, tech, boxing. 🖖🤙🗿 🃏

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linkhttp://www.citywealthmag.com calendar_today28-11-2008 19:16:42

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The stage lights are lowered and the Citywealth team is signing off to join our speakers and delegates for networking drinks to round out a fantastic day. Thank you for following along with the 4th annual . Until next time!

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To bring a big day to an end, Graham Brady MP gives a candid closing speech. Playing to his audience, he sprinkles personal anecdotes from his career amongst election date speculation and analysis of Conservative Party options.

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Philip Higson from Carlyon Services gives a compelling rundown on the AI market and its biggest purchasing players. He concludes that we are on day 1 of a very long journey in this area.

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Alex Barr Sarasin & Partners makes education his central point. He suggests that we are overestimating AI issues in the short term and underestimating it in the long term. A consensus ripples across the panel.

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Derek Southall, Hyperscale Group opens with a startling summary of the potential of AI and the resulting possible dangers. All to underscore his point that we are entering an era of profound change, and the industry must prepare itself accordingly.

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Our final panel of the day focuses on one of the biggest issues facing the private wealth industry: artificial intelligence. The panel opens with the agreement to try and 'cut through the hype' to deliver the key information and facts.

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The tax panellists draws parallels and distinctions between the current tax regimes in the UK and US. Questions from the floor cover carried interest, addressing issues faced by global US families, and the need for tax to focus on efficacy over equality.

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Delegates are then treated to jovial and highly stimulating panel discussion on taxation and politics. It may sound like an oxymoron, but Joshua Rubenstein, Katten Muchin Rosenman LLP and James Quarmby, Stephenson Harwood made it possible!

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The key message on litigation's silver lining: it provides certainty and resolution, and allows for more creative and tailored solutions for clients. As Joshua Rubenstein says, there are greater wins you can gain from 'settling' than actually 'winning'.

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Charlotte Hill, Penningtons Manches Cooper and Timothy Collingwood, Serle Court, discuss current trends and causes of familial disputes. Unequal input, conflicting perspectives, new spouses, dividend disputes and concerns around mental capacity - just to name a few.

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Banishing the post-lunch slump with a lively discussion from our panel of dispute experts. Forum Chair Joshua Rubenstein discusses some of the innovative, chess-esque approaches that come across his desk, including guardianship proceedings and no-contest clauses.

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We are now taking a well-earned break for lunch. Afternoon panels will commence from 2pm: disputes, taxation and politics, and artificial intelligence are all on the table.

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Our final panel before lunch commences! Jonathan Fewster, BDB Pitmans & Josh Matthews, MASECO take the stage to discuss private debt: the opportunities, the risks, and the potential for this area to instigate a 'sea change'.

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Joshua Rubenstein asks about divestment demands from an activism perspective. Rob Stewart says this is not the answer and HSH Prince Michael agrees with him that objectivity around operations, governance, and impact are significant considerations for investors.

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HSH Prince Michael of Liechtenstein raises the debate around defence. The floor joins the discussion: can you have truly ethical investment in this area? Yes, it seems. A holistic approach and keeping communication lines open on intention seem to be the key.

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New panel: ethical investments in a geopolitical environment. Rob Stewart, Melville Douglas opens with an overview on what it means to make ethical investments. Key note: it does not simply equate to ESG. Emphasis on detailed metrics and nuanced approaches.

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Questions for our trustees come thick and fast. Someone asks about confidence in trust legislation - is there risk of changes? James for Jersey and Stella for Switzerland say confident in stability. Nicola says offshore friendly to trusts and want to preserve.

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