Word: scorpio
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...soured U.S. housing market, big banks have been forced to write off more than $100 billion in recent months. Denied credit, others have imploded. Sporting the colors of old-school banking, C. Hoare & Co. has sidestepped the pileup. In a time of chaos, says Sebastian Dovey, managing partner at Scorpio Partnership, a wealth-management consultancy, the 336-year-old bank "symbolizes sustainability, preservation, reliability and continuity...
...Exchequer Alistair Darling announced a proposal to charge foreign residents an annual $60,000 fee beginning in the eighth year of their stay in Britain. The question is, if London's foreign rich follow the money right out of town as a result, can London afford to lose them? Scorpio Partnership's Dovey fears the worst. "They don't have any deep ingrained ties to Britain," he says. "If the economic climate changes, they'll go somewhere else. I say let them do what they do. Because you'll be sorry if they're not there." Unless, of course...
...this love affair between the global rich and London isn't just about saving a few thousand bucks - after all, the weather's better in Monaco. When Scorpio Partnership, a wealth management-strategy think tank, asked affluent clients why they chose London over, say, New York City, Paris or Munich, the good reputation of Britain's schools, the country's political stability, the growing pool of talent in the financial-services sector and historical ties to Britain were frequently offered reasons. "Another thing is the legitimacy, particularly for foreigners coming from emerging markets like Russia," says managing partner Sebastian Dovey...
...film critic, for by 1978, there had been plenty of movies inspired by his exploits. Apparently, he didn't care for the two released in 1971: a no-budgeter called The Zodiac Killer, and Dirty Harry, with Clint Eastwood as a Frisco cop chasing a serial killer called Scorpio. Other films followed; the methodical (read: plodding) The Zodiac came out in 2005. But if the killer was hoping for a synoptic rethinking of his case from an A-level director, he's finally...
...them working in Hong Kong and Singapore. "By 2015, we expect the Asia-Pacific market to be bigger than the European market," says Kathryn Shih, the Hong Kong-based head of UBS's wealth-management operation in Asia Pacific. "The opportunities are huge." Says Sebastian Dovey, managing partner of Scorpio Partnership, a London-based consultancy to the wealth-management industry: "Asia Pacific is where most private banks are placing their bets right...