Magazine article The Spectator

There's Life in the Old City Townhouse Yet as Cazenove Makes the Weather

Magazine article The Spectator

There's Life in the Old City Townhouse Yet as Cazenove Makes the Weather

Article excerpt

On a fine day the City feels like Hong Kong West: a global financial centre offshore of the Thames where nationality no longer matters. On a bad day I mourn the old City, which has given up its pretensions of leadership and is content to provide the centre court, but not the champions. Cazenove is the exception and makes its own weather. Nothing could be more redolent of the old City, or, for that matter, old England, than the townhouse in Tokenhouse Yard with the rickety lift, the mahogany panelling, and the courteous denizens whose shoes are always polished and have laces. At the time of Big Bang, Caz stood out when other brokers were selling out, believing that it had a future as an independent firm and - more old-fashioned still a partnership. `We will never go public', so Luke Meinertzhagen had said when he was senior partner. `It is not fair on the future partners if the existing ones sell their goodwill once and for all. …

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