Strategy & economics
A note from our Channel Islands Deputy Chief Executive, Giles Neville, about COVID-19
In these extraordinary times, many aspects of our daily lives are being disrupted. This disruption could intensify in coming days and weeks and in the light of this, I wanted to write a personal note to our clients.
It goes without saying that our thoughts are with those individuals and families directly affected by the coronavirus outbreak. As a business, the well-being of our clients and employees is our priority and we have implemented a range of measures aimed at containing the spread of the virus, playing our part in supporting health officials as they tackle the rising number of cases. Being part of a strong, global business means we can continue to provide the quality of service and operational capability that you expect from us, while substantially changing our working practices.
Every day brings new developments, both in terms of the virus’s spread and its impact on the economy and financial markets. We are monitoring the situation closely and are ready to respond rapidly. Our website will be regularly updated with our latest thinking.
At the same time, as a business with over 200 years of history, our role as stewards of your investments is to look beyond the immediate. One thing we do know is that this bear market will pass, just as it did post the financial crisis of 2008, the dot-com crash of 2000, Black Monday in 1987 - as I started my career - and the oil crisis in 1973. We know what can be accomplished when individuals, institutions and nations pool their talent in search of solutions to world problems. We see first-hand what human ingenuity can achieve in the fields of medicine and technology - and with what speed. While the days ahead will continue to be challenging and I do not underestimate the scale of this global issue, I am optimistic that the seeds of recovery - if not yet visible - are already being sown.
Meanwhile, we will work with you to get through this and be available - by email or phone, if not in person - to deal with your requests and queries as efficiently as usual. Therefore, please do contact us if there is anything with which we can help.
Issued in the Channel Islands by Cazenove Capital which is part of the Schroders Group and is a trading name of Schroders (C.I.) Limited, licensed and regulated by the Guernsey Financial Services Commission for banking and investment business; and regulated by the Jersey Financial Services Commission. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested. This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. All data contained within this document is sourced from Cazenove Capital unless otherwise stated.