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...bank under the sign of the golden bottle in London in 1672. Insignia have given way to street numbers. Amsterdam, London's great trading rival in the 17th century, has long been eclipsed by New York City. And much of Hoare's own competition has been gobbled up by bigger banks. Amid it all, Hoare's bank has remained unshakable. With a bottle still hanging outside its central London premises, the U.K.'s last family-owned private bank has stuck to what C. Hoare & Co.'s current CEO Alexander Hoare calls its "tortoise-like approach. We go plod, plod, plod...
...snug in the heart of London's burgeoning financial quarter, how about this for a customer-growth strategy: "We don't want to get bigger," says Hoare. "The bigger you are, the more risk you have of a reputational accident because you weren't able to oversee [the business] properly." So, at roughly 10,000-strong, C. Hoare & Co.'s customer base has reached its limits. Those that do make it in tend to be very well-heeled: investment portfolios at the bank average $1.5 million, while basic account holders maintain balances of anywhere from $2 million in the black...
...billion in annual revenues, and will generate 36% in a couple of years, according to estimates by investment bank Dresdner Kleinwort. Asia, says Arild Nysaether, telecoms analyst at investment bank Fondsfinans in Oslo, is simply "the most important part of Telenor." And it's a point not lost on bigger rivals. France Télécom, Europe's third largest operator, said in mid-April it was looking into a potential takeover of Telenor, among other options. (Telenor declined to comment...
...board members Marco Chan ’11, Brandon T. Perkovich ’11, Christopher L. Turner ’11, and James P. Alexander ’10. Traditionally held in Adams LCR, the event recently moved to Cambridge Queen’s Head—a bigger venue fit for the night’s performances. Besides the “Lady Marmalade” singers, performers included BGLTSA co-chairs Michelle C. Kellaway ’10 and Emily D. Donahue ’09, who delivered a spirited performance of Mickey Avalon?...
...said. “They were down at the 1500 mark but came back through the competition in a very dramatic race. [Notre Dame] did a good job in the wind and the weather but we squeaked out the win, next time we’ll be looking for bigger margins.”“Notre Dame took a significant move in the end of the race and we unfortunately didn’t respond,” Larsen-Strecker added. “The margin closed a lot. In the end we were not as aware...