Owl Private Office
The enormous potential of China is attractive, if only it can be satisfactorily tapped. William Drake, co-founder of Owl Private Office, regularly visits the jurisdiction and the trick, he insists, is to get out of Beijing and Shanghai and understand middle China: ‘The middle class and lower middle class in China is getting steadily wealthier,’ he explains, ‘and they’re buying fast-moving consumer goods which we take for granted – pineapple juice, babyware, nappies, toothpaste, all these things. But the Chinese stock market is gambler-oriented, and there’s no institutional core to keep it steady: it’s volatile, with very difficult corporate governance.’
William is Chairman of RFR and brings the benefit of decades of experience sitting, as he puts it, “on the private client’s side of the table”.In 2000 he co-founded Lord North Street (the award winning private investment office), building the business up to and through its merger with Sandaire in 2014 (when he originally took up the role of Vice Chairman of Sandaire and then become Senior Adviser) before becoming a Partner and the co-founder of Owl Private Office LLP in 2016.