Private Wealth – Back To The Future - Part 1

Private wealth around the world - how did we get here?

In the first of a series of articles asking the big questions on private wealth provision, we explore some of the industry's history. Brian Carey, Director of Private Wealth at Intertrust Group based in Jersey, examines the global relationships that inform the private wealth market, the flow of work around the world and how International Finance Centres (IFCs) have built their reputations.

The story of modern finance is a globe-trotting narrative filled with great visionaries and colourful characters, unexpected plot twists and international intrigue. The interrelationships between the OECD-labelled "unco-operative tax havens" into which capital flows, and the major financial markets into which that capital is deployed, are truly fascinating. However, to tell the whole story of modern finance is too grand an ambition. The tale is a tome, far too thorough to explore in three articles or even three volumes.