The inaugural ‘PAM Top 40 Under 40’ list of rising stars of the private client wealth management world in the UK and UK offshore, proves, if nothing else, that there is no dearth of talent in this crucial and high profile area of the financial services industry.
In all, eighty nominees, representing over fifty firms made it onto the shortlist, which has been whittled down to the 40 individuals who PAM believes have proved themselves during some of the toughest financial markets in recent years, and who are likely to go on and achieve even greater things in the years ahead.
The Top 40 Under 40, supported by law firm Speechly Bircham and the city search firm Somers Partnership, aims to be the first definitive annual list of emerging wealth management professionals with nominees originating from large global institutions, private banks, boutique wealth managers and private client stockbrokers.
In fact, nominations from the private banks and wealth managers themselves, intermediaries such as IFAs, law firms and trust companies, covered practically every possible role that exists in the industry – giving the PAM Top 40 Under 40 a truly wide scope, as was clear for all to see at last night’s champagne reception at the City offices of Speechly Bircham.
This year, a quarter of the list were women, proving that barriers are starting to break down, and suggesting that a high proportion of the chief executives and other senior management of the future will be drawn from an extremely diverse pool.
“We launched this programme to recognise and reinforce the huge depth and diversity of talent and skill that the UK private banking and wealth management sector has to offer clients,” said James Anderson, chairman and editor-in-chief of PAM Insight.
“All of the individuals in this inaugural list of rising stars are outstanding exponents of their professions. It is only right that we should use our unique position as the leading independent source of authoritative analysis to acknowledge and officially endorse their outstanding achievements.”
In order to quality, individuals had to be under 40 at the beginning of March 2010 and based in the UK or US offshore with the final list determined by PAM Insight and experts in the industry.
“We are thrilled to have had the support of such an important private client practice as Speechly Bircham, one of the fastest-growing and highly regarded of all London-based law firms – and the Somers Partnership, one of the city’s élite specialist wealth management search businesses,” added Anderson.