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Assaults On Financial Privacy Aren't Over - Conference

Tom Burroughes

13 February 2018

Wealth management practitioners painted a broadly bleak picture about the state of financial privacy in the UK and certain other developed countries, arguing that upcoming European Union rules about data protection are unlikely to herald a major pushback.

Industry figures gathered at the Carlton Club, St James’s Street in London, to discuss the theme of “The attack on privacy and controlling information for UHNW families investing and holding wealth.” The Breakfast Briefing event, sponsored by law firm , was organised by the publisher of this news service. 

Speakers on the panel were Robert Macro, partner at Druces; Charles Spragge, partner at Druces; Julius Bozzino, director at the Vistra Private Office, Vistra; Julie Collins, executive director at EFG Wealth Solutions (EFG Private Bank).

The wealth management sector has seen a number of alarm bells sounded over loss of privacy. A few weeks ago, a paper published by law firm money is into a place where it’s easy to get into but hard to get out of,” he said.