Longevity and family ownership lie behind success
Bordier UK | Best Private Client Investment Manager | Best Wealth Manager – Balanced Portfolio
Q&A with Jamie MacLeod, CEO of Bordier UK
Jamie MacLeod, CEO of Bordier UK, tell us a little about your firm?
We are a specialist investment manager, based in St James’s, London and part of the independent Bordier Group (established in Geneva in 1844). We are one of the few private, family-owned businesses of scale operating in the UK discretionary fund management market.
We work with UK and international clients, in partnership with their introducers, managing assets for trusts, family offices, pension schemes, charities and livery companies – our Group structure enabling our clients to access a wide range of services.
With 10 other offices spread across six countries and three continents, we are a truly global business. The Bordier Group presently manages around GBP13.3 billion of assets for more than 4,000 families.
Why do you think you won these awards?
We pride ourselves on providing a highly personal service and consistently meeting our clients’ long term investment goals. Over the last 12 months, our core strategies have all outperformed their respective comparators and continue to deliver positive, risk-adjusted five-year returns.
We are backed by the considerable financial strength and stability of the Bordier Group. The Group’s Common Equity Tier 1 ratio was last measured at 32.1 per cent and has been around 25 per cent over the last decade, with the Group’s liquidity ratio between four to 15 times higher than the level required of Swiss institutions since 2015 – few investment managers can boast such industry-leading capital and liquidity ratios.
Bordier is also a truly family-owned business. Given the current investment climate and geopolitical backdrop, our clients take great comfort in the fact that their portfolios are managed by a firm that has no external shareholders. No external pressure means we can be genuinely long-term in our outlook and ensures we have our clients’ best interests at heart. We believe it is also important that we market no in-house products, and that no in-house funds are used in client portfolios.
Have current market conditions changed how you approach investing client money?
We are long-term investors and have been managing clients’ wealth for generations – in the UK for 40 years and as a Group for 178 years – and during this time we have witnessed many market cycles. We make tactical asset allocation changes where we see market opportunities or threats, but our long-term, strategic allocations remain the same.
Our strategies are as well positioned as they can be in this uncertain period. We are continuing to give good exposure to those parts of the world, most notably the US and Asia, that should still be able to grow at an attractive rate and possess total return opportunities that can combat inflation. And on the other side of the coin, where relevant, we have exposure to more defensive assets that should, at least in part, make a reasonably firm fist to fight inflation.
Crystal ball time – what do you think lies ahead for the private client?
We can’t predict what the future holds for markets, but we can ensure that our clients continue to receive the same award-winning, personal service with manager continuity, and that their investment portfolios remain ‘best in class’.
We pride ourselves on the longevity and stability of our investment team – the four most senior members have worked alongside each other for over 18 years – which has led to highly personal and long-lasting client relationships. Our Chairman has managed some clients for over 40 years and with our CIO, has managed investment portfolios for families over three generations.
With that experience comes the investment insight and expertise that can guide clients through challenging periods. We ensure client portfolios remain well placed by having no in-house products of our own – instead we search for the globe’s finest investments to include in portfolios. In addition, through our industry relationships, we have access to smaller, specialist fund managers and high conviction funds that can take advantage of interesting investment opportunities on their behalf – something we have done for decades and that has been hugely beneficial in achieving our clients’ investment goals.