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Spotlight On … Cianon Yeo – Receptionist

Blacktower already has a long and successful history in the sector, how will you and your colleagues continue to offer value to clients in the next 20 years and beyond?

There’s a real energy in head office and there are always discussions around new ideas, ventures and people joining the Blacktower family. I love being part of that. I think the most important thing for me is to be flexible in my job – if someone needs help with something urgently, I will jump in to do what I can.

Head office is all about providing support for Blacktower at an international level, so I can often find myself talking to our people in all parts of the world on a daily basis. I am learning more about each head office department every day, so that I can help where required. It’s so true that team work makes the dream work.

Tell us an interesting fact about yourself

I am the only born and bred Gibraltarian in the office, I was brought up here and have never lived anywhere else. It’s a lively yet very safe place to live – except for our roads. For anyone who hasn’t had the pleasure of visiting, it’s akin to Ho Chi Minh City – mopeds everywhere vying for position on our crowded roads. Along with the increasing number of electric scooters around now, you take your life in your hands on our roads. Nonetheless, I have just applied for my scooter licence and hope to buy one shortly, but I have been told I drive like a granny, so you have nothing to fear from me!

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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Blacktower’s Nexus Funds Show Rapid Acceleration

London – October 2019: Leading wealth management provider, Blacktower Financial Management Group announces milestone growth of over 12% and 18% YTD, of its Nexus Solutions and Dynamic Funds, respectively.

With Nexus Solutions Portfolio currently standing at an outstanding valuation of £105m and Nexus Dynamic Portfolio at a similarly impressive £29.56m, both funds were launched by Blacktower as means to provide its clients with access to award-winning investment DFM solutions.

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What next for UK interest rates?

Rising GraphsInterest rates finally rose above 0.5 per cent in August – almost a decade after the emergency cut to that level. The Bank of England’s MPC voted to raise rates to 0.75 per cent on 2nd August, casting aside worries over a no-deal Brexit, as it said that low unemployment merited a hike to keep inflation on target.

The 9-0 vote to raise rates was accompanied by a quarterly Inflation Report, which showed that, despite August’s hike, the market outlook was for rates to go up more slowly over the next three years than previously expected and that no further move is expected until at least the middle of next year. The recent rate rise was widely expected as the Bank had not sent out any signals to dampen forecasts of a hike, unlike in the run-up to the May decision when a move up failed to happen. The question now is whether this is a one-off hike, or the start of a slow but steady rise in interest rates. A lot will depend on how the British economy fares over the rest of this year and into 2019, before the UK’s exit from the EU. If there is a marked slowdown then it is likely that rates will stall again. Even worse, a recession would most likely see a further interest rate cut. 

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