Swann’s Group Managing Director, John Murray, took part in the London Wealth Forum and Safe Havens Conference, held at the Caledonian Club in London early in October. In a conference focused on the challenges and opportunities following the Brexit vote, John took the opportunity to highlight the potential for an increase in Anglo-Australian trade relations.
John’s forecast of a post-Brexit world rallied behind the idea of stronger UK – Australian trade links. Strong cultural and economic connections establish strong groundwork for cooperation between the two nations. However, John stopped short of guaranteeing past economic support for Australia’s Imperial parent. Rather, an economic tilt towards Asia has resulted in Australia reconfiguring its trade and cultural relations with the region. John pointed to the fact that UK trade and investment in Australia had decreased dramatically over the past 50 years as it grappled with realignment with Europe.
Despite preconceived notions of identity and culture, John sought to establish the importance of increased trade between the two nations. The UK owns the highest stake in foreign owned farmland in Australia while the UK remains a preferred place for Australian expats and financial exchanges. John concluded by emphasising the importance of the Commonwealth and its sheer size of its economic potential (Commonwealth nations overtook the Eurozone in terms of GDP in 2004), rather than a focus on bilateral relations, as the correct step forward for the UK post-Brexit.
The event was attended by industry figures including Andrew Hawkins, Chairman, ComRes. Colin Standbridge, Chief Executive, The London Chamber of Commerce and Industry and Martin Dubbey, Managing Director, Harod Associates Limited and many other industry figures.
The Wealth Forums is a series of worldwide conferences addressing the needs of professionals serving the needs of high net worth and ultra-high net worth individuals. The events are organised by Ian and Martina Brodie