H Edition Magazine March 2015

B U S I N E S S | N E W S | C U LT U R E | L U X U RY | L I F E S T Y L E

EDITIONwww.heditionmagazine.com

M A G A Z I N E

Divorce The Diva of

Ayesha Vardag exclusive

WOMEN OF INFLUENCE: Deborah MeaDen Kelly hoppen Julie Deane aManDa haMiltontayMa page allieS Maria taMpaKiS

What’S neXt For the eCb?

eggS beneFittech giants offer the option

to defer Motherhood

E V A N T R A B Y M A Z Z A N T I

annoncepresse.indd 1 06/11/14 17:21

www.heditionmagazine.com 3

As our front cover reflects, this issue celebrates Leading Women. Ayesha Vardag is a smart woman, at the top of her game, who has achieved extraordinary professional success. The mother of three is known as ‘Britain’s top divorce lawyer’ billed by the Law Society, the Guardian,

the Telegraph and New York’s prestigious Huffington Post. She is one of only a handful of family lawyers to receive the Times’ accolade ‘Lawyer of the Week’. The Evening Standard called her ‘one of the star lawyers turning London into the divorce capital of the world’, while Easy Living Magazine featured her as ‘The Diva of Divorce’. She rose to fame for winning the landmark Supreme Court case of Radmacher v Granatino which changed the law on prenuptial agreements. Read our exclusive interview with her on page 21.

We also took a look at pioneering women and felt that in all walks of life women really are an inspiration. We believe that for most of us this starts right at the beginning, with our own mothers - the women who stood up for us, that cared for us, that loved us unconditionally and enabled us to feel strong enough to search for our dreams.

Alongside Ayesha we have inspiring interviews and articles from Deborah Meaden, Kelly Hoppen, Amanda Hamilton, Maria Tampakis and Tayma Page Allies. Each and every one of these ladies has cherished and grown their businesses as they would a child which in turn has empowered their dreams and aspirations to assist, mentor and define what it means to be a leader.

I hope you enjoy this month’s issue and feel as empowered as we did in putting it together.

See you in the Spring.

Dina Aletras, Editor

Welcome toEDITION

Front cover credits:Ayesha Vardag and PHA Media

The Team Editor: Dina Aletras

Editorial Assistant: Rebecca Cowing

Board Of Directors: Gianmattia Pucciano Enea Trevisan Danila Pisati

PA to Board: Faye Redmond

Design: Kevin Dodd

Freelance writers: Philip Whiteley Joanne Walker Geoffrey Dean

H Edition Magazine is published monthly and offers advertisers an exclusive audience of affluent readers. Whilst every attempt has been made to ensure that content in the magazine is accurate we cannot accept and hereby disclaim any liability to loss or damage caused by errors resulting from negligence, accident or any other cause.

All rights are reserved no duplication of this magazine can be used without prior permission from H Edition Magazine. All information is correct at time of press. Views expressed are not necessarily those of H Edition Magazine.

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For editorial and advertising enquiries please email [email protected]

HONG KONG • LONDON • LUXEMBOURG • MIAMI • MONACO • NEW YORK• SWITZERLAND

E V A N T R A B Y M A Z Z A N T I

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ATELIER Palazzo Perego di Cremnago Via Borgonuovo 14, Milano [email protected] +39 02 78621170cambiaghimilano.com #cambiaghi

CONTENTSISSUE 10

COVER STORY

21 INTERVIEW WITH AYESHA VARDAG Britain’s Top Divorce Lawyer’ talks to

H Edition about her journey to the top

REGULARS

6 GLOBAL REVIEW By Philip Whiteley

8 WHAT IS NEXT FOR THE ECB? By Dr Domenico Lombardi

10 THE MARKET MOMENT By Professor Carlo Pelanda

12 TAKING STOCK By David Tibbetts, Head of Proquote,

London Stock Exchange Group

BUSINESS

14 HOW MANY COMPANIES WILL SURVIVE?

Michael Baxter Co-Author of iDisrupted

17 EGGS BENEFIT What if your employer offered a benefit that

allowed you to defer motherhood and focus on your career for longer?

18 PROTECTING YOUR ASSETS By Michael Richards FCII

WOMEN OF INFLUENCE

24 ENTERING THE WORLD OF BUSINESS Exclusive Interview with Deborah Meaden

on how her inspiring journey began

26 BEING A WOMAN IN BUSINESS Kelly Hoppen, speaks to H Edition about

her career and why she was keen to get involved with the British Government’s GREAT campaign

29 CREATIVITY IN GREAT BRITAIN By Julie Deane Co-Founder of The

Cambridge Satchel Company

30 KNOWING HOW TO CREATE A STIR We talk to Founder Amanda Hamilton on

building her brand

32 TAYMA JEWELLERY Tayma Page Allies shares her amazing

business journey with us

LUXURY

34 WELCOME TO THE GAME OF KINGS Polo Club Ascona will once again invite

a country to participate in this year’s tournament

38 INTRODUCING THE ROLLS ROYCE GHOST SERIES II

The ultimate expression of modern dynamism and luxury

40 PRIVATE JETS FOR SALE In association with AV Buyer

H LONDON

48 MAKE THE MOST OF LONDON By Rebecca Cowing

50 LUXURY GIFT GUIDE In association with Selfridges

55 THE RISE OF THE FEMALE CHEF We speak to Maria Tampakis, the head chef

of the latest Gordon Ramsey restaurant, Heddon Street Kitchen

58 INSPIRATIONAL QUOTES From amazing leaders

TRAVEL

42 RESORT COLLINO D’ORO An enchanting hotel with breathtaking views

over the Alps

21

24

8

38

ATELIER Palazzo Perego di Cremnago Via Borgonuovo 14, Milano [email protected] +39 02 78621170cambiaghimilano.com #cambiaghi

www.heditionmagazine.com 7www.heditionmagazine.com6

1 NicaraguaA country devastated by civil war in the 1980s, when the leftist Sandinista government fought the US-backed Contras, largely disappeared from the global political radar until mid-2014, when a Chinese company announced a plan to construct a rival to the Panama Canal through the country.

The ambitious project has the support of the Government led by the President, former Sandinista revolutionary leader Daniel Ortega, now a democratic socialist, who was re-elected by a landslide margin in 2011. He believes it will double the employment rate, lifting many households out of poverty.

The Chinese backer is the HKND Group, headed by chairman Wang Jing. Officially, the enterprise is not backed by the Chinese state, but the USA, which has long dominated the region politically and economically, expressed its concern in January 2015. Its embassy in Nicaragua questioned the lack of detailed information on the project.

Construction began in December 2014. The 278km route, though longer than the Panama Canal, takes advantage of the country’s geography, by passing through Lake Nicaragua.

Nicaragua remains a poor country. It is 99th out of 144 on the Global Competitiveness Index. It scores well on health and education, but low on business innovation. On social matters, some indicators are good for a low-income country, with life expectancy of 73 and a literacy rate of 78%.

Corruption is a concern, with the country coming 133rd out of 175 on the international Transparency Index.

2 Sri LankaAn upset in the Sri Lanka general election in January saw the incumbent Mahinda Rajapaksa unseated by Maithripala Sirisena. Most observers concluded that Rajapaksa had taken support among the Sinhalese majority for granted since he crushed the Tamil Tiger fighters in 2009, bringing to an end the long-running civil war. Corruption and nepotism had undermined his popularity.

The Economist reported Rajapaksa’s ‘autocratic tendencies and penchant for appointing whole branches of his family tree to high office.’ Sri Lanka scores low on the Global Transparency Index, at 85th on the ranking.

Sirisena, who heads the New Democratic Front, was sworn in on 9 January after winning with 51% of the vote. He promises to reduce the executive power of the presidency, by appointing a prime minister, and to reduce nepotism and corruption.

In addition to the Sinhalese, mostly Buddhist majority and the Tamil minority, there is a sizeable Islamic population in the country, who complain of harassment from hardline Buddhist movements.

The economy has performed relatively well in recent years. Sirisena has appointed the highly qualified Arjuna Mahendran, a former managing director of HSBC in Asia, who has also held public sector posts, as head of the central bank.

Sri Lanka is mid-ranking on the Global Competitiveness Index, at 73rd out of 144. It scores well for health and education and moderately well on business sophistication and financial market development.

3 Burkina FasoThe landlocked west African country of Burkina Faso entered a new political era in late 2014 after popular protests forced the long-serving president Blaise Compaoré from power. The ‘Burkinabé uprising’ followed attempts by Compaoré to seek constitutional changes to extend still further his 27-year reign. The deposed President has left the country since the coup and is living in exile.

Military officer Isaac Zida served briefly as interim President, before handing over to Michel Kafando, who appointed Zida as his Prime Minister. A general election is due to be held later in 2015. Compaoré’s party, the Congress for Democracy and Progress, has been suspended, although the new government said the suspension was temporary and there is a right to appeal.

The economy is still only partly developed, with much of the population reliant on subsistence agriculture; in turn difficulties are caused by variable rainfall, especially near the northern Saharan fringe. Climatic and related agricultural problems can cause internal migration. There is gold mining and some development of industry.

Social indicators are poor, with a life expectancy of 54 and a literacy rate of under 30%.

On the Global Competitiveness Index, it registers a lowly 135th out of 144, with businesses citing difficulties in access to finance as the most serious problem. Corruption is the second most-cited problem. On the Global Transparency Index, Burkina Faso is 85th out of 175 countries.

4 LatviaThe three small Baltic states of Estonia, Latvia and Lithuania have returned to growth following the debt and euro crisis of 2010/11. Latvia is the middle of the three, geographically, with a coastal capital Riga. It maintained its currency peg to the euro during the crisis, and made fiscal adjustments on the spending side, rather than increase taxation, helped by the fact that its debt was relatively low at the start of the crisis. The combination has helped it return to growth, according to a report by the Wall Street Journal in 2014.

Both the recession and the turnaround have been sharp. Latvia suffered a GDP decline of almost 25%, with unemployment surging from 6% to 21%. But by the first quarter of 2012, the economy was growing again. Faith in fiscal management improved to the extent that the country regained a A-grade credit rating in mid-2014, in stark contrast with some southern European euro-members. The budget deficit narrowed to just under 1% of GDP, compared with 9% at the peak of the crisis.

For a former Communist country, Latvia scores well on the Global Competitiveness Index, ranked 42nd. It scores highly on technological readiness, macroeconomic environment, and health and education. Bureaucracy and tax are cited as problems by businesses. It scores fairly well on transparency, coming 43rd on the international rankings.

It became a member of the European Union on 1 May 2004 and joined the euro single currency on 1 January 2014.

5 JordanOne of the more stable countries in the middle east, Jordan has so far avoided the appalling violence of civil war and Islamic State incursions experienced in Syria and regions of Iraq. It has had a peace treaty with Israel for 20 years.

In January 2015, Prime Minister Abdullah Ensour signed several agreements with visiting Japanese PM Shinzo Abe to assist both security and economic development. Investments include a planned Jordanian-Japanese technical university and agreement for a solar energy project.

Beneath the relative internal peace, however, there is potential for unrest. Inflation is outstripping wages, and public debt has increased. Meanwhile, there is opposition to the government’s support for western air strikes on Islamic State, according to a report in The Economist in November 2014. It has had to accommodate thousands of refugees from the civil war in Syria.

Jordan scores well for health, education and moderately well for business sophistication, recording a mid-to upper-table ranking of 64 on the Global Competitiveness Index. It has been able to attract investment, given its relative stability compared with many of its neighbours. Unlike many mid-eastern states, the desert kingdom has no oil and relatively few natural resources.

Life expectancy at birth is 73 years, and the literacy rate is 92%.

On governance, the record is also good. It comes 55th on the Transparency Index, which is low for the region.

6 PhilippinesThe Philippines made headlines at the start of the year after Pope Francis said mass to a congregation of several million in this devout Catholic country. He called for action to relieve social problems, drawing attention to child poverty, homelessness, drug addiction and prostitution. The United Nations estimates that over one million children live on the streets, and that a third of the Filipino population live in shanty towns.

Economically, the country has made strong progress in the past few years, according to the most recent Global Competitiveness Index. It has risen seven places to reach 52nd, with particularly strong improvement on governance and reduced corruption, rising some 50 places in the rankings of quality of institutions since 2010.

The country is well connected digitally, but still requires improvements on other aspects of infrastructure, on labour market flexibility and on security, according to the World Economic Forum, which compiles the Index. On the key competitiveness indicators, the main strengths are macro-economic environment, and health and education.

The country continues to suffer from high unemployment, and internal migration towards cities, despite economic growth. Economists have called for labour-intensive economic development in rural areas. The Manila Times in March 2014 described ‘the need for the integrated development of the rural sector, the spread of small-scale industries throughout the countryside, and the reorientation of economic activity and social investments toward the rural areas’.

7 AustraliaAn end to the long commodities boom of the early 2000s has hit some Australian mining towns hard. Unemployment has risen in many of them, so although the national unemployment rate of around 6% is low by international standards, the impact has been felt disproportionately in specialist mining towns.

For example, the Mount Lyell copper mine in Queenstown Tasmania closed in mid-2014. The 200 employees had already been reduced to half-pay. The Hunter Valley in New South Wales has lost 5,000 coal mining jobs in the past two years.

The decision by China to put into reverse its policy of building coal-fired electricity generation plants – largely owing to health concerns over air quality – is set to have further negative impacts on the Australian coal sector. In November 2014, India also announced it was phasing out coal imports within three years.

Australia has a diversified and advanced economy, however, so should be able to adjust to the loss of mining employment, although a note by investment bank Morgan Stanley in late 2014 noted that: ‘The economic transition in Australia from the resources boom to east coast recovery has stalled.’

Overall, it is ranked 22nd in the Global Competitiveness Index, scoring well for infrastructure, health, education and macro-economic environment, though this is a fall from 15th in 2009. On transparency, it is ranked an impressive 11th in the world, indicating strong governance and low corruption.

8 ParaguayParaguay is nominally a landlocked country at the heart of South America, although the scale of the Rivers Paraguay and Paraná are such that sea-going ships can dock at ports, including the capital Asunción.

It is more socially integrated than other countries with large native American populations. Most of the population is bi-lingual in Spanish and in Guaraní, the local indigenous language. Most of the population live to the south and east of the River Paraguay. To the north and west lies the Chaco wilderness.

Politically the country has mostly been run by the long-established Colorado Party. There was a five-year interruption between 2008 and 2013 when Fernando Lugo of the centre-left Patriotic Alliance for Change held the Presidency, before being controversially impeached. The Colorado candidate Horacio Cartes has been President since April 2013.

In January 2015, President Cartes called for an end to corruption, saying to public sector officials: ‘Stop robbing. It’s the people’s money.’ He has faced accusations himself for graft in the past. However, with two former cabinet ministers being tried on corruption charges, it is possible that the clampdown is genuine. The country currently ranks very low on the Transparency Index at 150th, especially when one considers that nearby Uruguay comes 21st.

On the Global Competitiveness Index, Paraguay is 120th. It scores low for innovation. Corruption and government bureaucracy are cited by business as significant problems.

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1 NicaraguaA country devastated by civil war in the 1980s, when the leftist Sandinista government fought the US-backed Contras, largely disappeared from the global political radar until mid-2014, when a Chinese company announced a plan to construct a rival to the Panama Canal through the country.

The ambitious project has the support of the Government led by the President, former Sandinista revolutionary leader Daniel Ortega, now a democratic socialist, who was re-elected by a landslide margin in 2011. He believes it will double the employment rate, lifting many households out of poverty.

The Chinese backer is the HKND Group, headed by chairman Wang Jing. Officially, the enterprise is not backed by the Chinese state, but the USA, which has long dominated the region politically and economically, expressed its concern in January 2015. Its embassy in Nicaragua questioned the lack of detailed information on the project.

Construction began in December 2014. The 278km route, though longer than the Panama Canal, takes advantage of the country’s geography, by passing through Lake Nicaragua.

Nicaragua remains a poor country. It is 99th out of 144 on the Global Competitiveness Index. It scores well on health and education, but low on business innovation. On social matters, some indicators are good for a low-income country, with life expectancy of 73 and a literacy rate of 78%.

Corruption is a concern, with the country coming 133rd out of 175 on the international Transparency Index.

2 Sri LankaAn upset in the Sri Lanka general election in January saw the incumbent Mahinda Rajapaksa unseated by Maithripala Sirisena. Most observers concluded that Rajapaksa had taken support among the Sinhalese majority for granted since he crushed the Tamil Tiger fighters in 2009, bringing to an end the long-running civil war. Corruption and nepotism had undermined his popularity.

The Economist reported Rajapaksa’s ‘autocratic tendencies and penchant for appointing whole branches of his family tree to high office.’ Sri Lanka scores low on the Global Transparency Index, at 85th on the ranking.

Sirisena, who heads the New Democratic Front, was sworn in on 9 January after winning with 51% of the vote. He promises to reduce the executive power of the presidency, by appointing a prime minister, and to reduce nepotism and corruption.

In addition to the Sinhalese, mostly Buddhist majority and the Tamil minority, there is a sizeable Islamic population in the country, who complain of harassment from hardline Buddhist movements.

The economy has performed relatively well in recent years. Sirisena has appointed the highly qualified Arjuna Mahendran, a former managing director of HSBC in Asia, who has also held public sector posts, as head of the central bank.

Sri Lanka is mid-ranking on the Global Competitiveness Index, at 73rd out of 144. It scores well for health and education and moderately well on business sophistication and financial market development.

3 Burkina FasoThe landlocked west African country of Burkina Faso entered a new political era in late 2014 after popular protests forced the long-serving president Blaise Compaoré from power. The ‘Burkinabé uprising’ followed attempts by Compaoré to seek constitutional changes to extend still further his 27-year reign. The deposed President has left the country since the coup and is living in exile.

Military officer Isaac Zida served briefly as interim President, before handing over to Michel Kafando, who appointed Zida as his Prime Minister. A general election is due to be held later in 2015. Compaoré’s party, the Congress for Democracy and Progress, has been suspended, although the new government said the suspension was temporary and there is a right to appeal.

The economy is still only partly developed, with much of the population reliant on subsistence agriculture; in turn difficulties are caused by variable rainfall, especially near the northern Saharan fringe. Climatic and related agricultural problems can cause internal migration. There is gold mining and some development of industry.

Social indicators are poor, with a life expectancy of 54 and a literacy rate of under 30%.

On the Global Competitiveness Index, it registers a lowly 135th out of 144, with businesses citing difficulties in access to finance as the most serious problem. Corruption is the second most-cited problem. On the Global Transparency Index, Burkina Faso is 85th out of 175 countries.

4 LatviaThe three small Baltic states of Estonia, Latvia and Lithuania have returned to growth following the debt and euro crisis of 2010/11. Latvia is the middle of the three, geographically, with a coastal capital Riga. It maintained its currency peg to the euro during the crisis, and made fiscal adjustments on the spending side, rather than increase taxation, helped by the fact that its debt was relatively low at the start of the crisis. The combination has helped it return to growth, according to a report by the Wall Street Journal in 2014.

Both the recession and the turnaround have been sharp. Latvia suffered a GDP decline of almost 25%, with unemployment surging from 6% to 21%. But by the first quarter of 2012, the economy was growing again. Faith in fiscal management improved to the extent that the country regained a A-grade credit rating in mid-2014, in stark contrast with some southern European euro-members. The budget deficit narrowed to just under 1% of GDP, compared with 9% at the peak of the crisis.

For a former Communist country, Latvia scores well on the Global Competitiveness Index, ranked 42nd. It scores highly on technological readiness, macroeconomic environment, and health and education. Bureaucracy and tax are cited as problems by businesses. It scores fairly well on transparency, coming 43rd on the international rankings.

It became a member of the European Union on 1 May 2004 and joined the euro single currency on 1 January 2014.

5 JordanOne of the more stable countries in the middle east, Jordan has so far avoided the appalling violence of civil war and Islamic State incursions experienced in Syria and regions of Iraq. It has had a peace treaty with Israel for 20 years.

In January 2015, Prime Minister Abdullah Ensour signed several agreements with visiting Japanese PM Shinzo Abe to assist both security and economic development. Investments include a planned Jordanian-Japanese technical university and agreement for a solar energy project.

Beneath the relative internal peace, however, there is potential for unrest. Inflation is outstripping wages, and public debt has increased. Meanwhile, there is opposition to the government’s support for western air strikes on Islamic State, according to a report in The Economist in November 2014. It has had to accommodate thousands of refugees from the civil war in Syria.

Jordan scores well for health, education and moderately well for business sophistication, recording a mid-to upper-table ranking of 64 on the Global Competitiveness Index. It has been able to attract investment, given its relative stability compared with many of its neighbours. Unlike many mid-eastern states, the desert kingdom has no oil and relatively few natural resources.

Life expectancy at birth is 73 years, and the literacy rate is 92%.

On governance, the record is also good. It comes 55th on the Transparency Index, which is low for the region.

6 PhilippinesThe Philippines made headlines at the start of the year after Pope Francis said mass to a congregation of several million in this devout Catholic country. He called for action to relieve social problems, drawing attention to child poverty, homelessness, drug addiction and prostitution. The United Nations estimates that over one million children live on the streets, and that a third of the Filipino population live in shanty towns.

Economically, the country has made strong progress in the past few years, according to the most recent Global Competitiveness Index. It has risen seven places to reach 52nd, with particularly strong improvement on governance and reduced corruption, rising some 50 places in the rankings of quality of institutions since 2010.

The country is well connected digitally, but still requires improvements on other aspects of infrastructure, on labour market flexibility and on security, according to the World Economic Forum, which compiles the Index. On the key competitiveness indicators, the main strengths are macro-economic environment, and health and education.

The country continues to suffer from high unemployment, and internal migration towards cities, despite economic growth. Economists have called for labour-intensive economic development in rural areas. The Manila Times in March 2014 described ‘the need for the integrated development of the rural sector, the spread of small-scale industries throughout the countryside, and the reorientation of economic activity and social investments toward the rural areas’.

7 AustraliaAn end to the long commodities boom of the early 2000s has hit some Australian mining towns hard. Unemployment has risen in many of them, so although the national unemployment rate of around 6% is low by international standards, the impact has been felt disproportionately in specialist mining towns.

For example, the Mount Lyell copper mine in Queenstown Tasmania closed in mid-2014. The 200 employees had already been reduced to half-pay. The Hunter Valley in New South Wales has lost 5,000 coal mining jobs in the past two years.

The decision by China to put into reverse its policy of building coal-fired electricity generation plants – largely owing to health concerns over air quality – is set to have further negative impacts on the Australian coal sector. In November 2014, India also announced it was phasing out coal imports within three years.

Australia has a diversified and advanced economy, however, so should be able to adjust to the loss of mining employment, although a note by investment bank Morgan Stanley in late 2014 noted that: ‘The economic transition in Australia from the resources boom to east coast recovery has stalled.’

Overall, it is ranked 22nd in the Global Competitiveness Index, scoring well for infrastructure, health, education and macro-economic environment, though this is a fall from 15th in 2009. On transparency, it is ranked an impressive 11th in the world, indicating strong governance and low corruption.

8 ParaguayParaguay is nominally a landlocked country at the heart of South America, although the scale of the Rivers Paraguay and Paraná are such that sea-going ships can dock at ports, including the capital Asunción.

It is more socially integrated than other countries with large native American populations. Most of the population is bi-lingual in Spanish and in Guaraní, the local indigenous language. Most of the population live to the south and east of the River Paraguay. To the north and west lies the Chaco wilderness.

Politically the country has mostly been run by the long-established Colorado Party. There was a five-year interruption between 2008 and 2013 when Fernando Lugo of the centre-left Patriotic Alliance for Change held the Presidency, before being controversially impeached. The Colorado candidate Horacio Cartes has been President since April 2013.

In January 2015, President Cartes called for an end to corruption, saying to public sector officials: ‘Stop robbing. It’s the people’s money.’ He has faced accusations himself for graft in the past. However, with two former cabinet ministers being tried on corruption charges, it is possible that the clampdown is genuine. The country currently ranks very low on the Transparency Index at 150th, especially when one considers that nearby Uruguay comes 21st.

On the Global Competitiveness Index, Paraguay is 120th. It scores low for innovation. Corruption and government bureaucracy are cited by business as significant problems.

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The European Central Bank (ECB) has finally launched a quantitative easing program that includes the purchase of euro area member countries’ sovereign bonds. The ‘expanded asset purchase programme’ will encompass

the existing asset-backed securities and covered bond purchase programs with additional purchases of bonds issued by euro area central governments, agencies and European institutions. The combined monthly purchases are expected to be €60 billion per month beginning in March 2015 and the program is intended to last until September 2016; the total program is therefore worth over €1.1 trillion.

Due to the size of asset purchases, and in order to appease Northern countries, the program does feature some risk sharing. Despite that, agreeing on a comprehensive public asset purchase program is a major accomplishment for the euro zone, but it is also long overdue. The ECB has now essentially exhausted its policy toolkit, meaning their only other options are to tweak current policies. Two key questions therefore emerge: Will the expanded asset purchase program be sufficient? And, if not, what else can the ECB do?

The purpose of the program is to raise medium-term inflation through two main channels. First, by using unprecedented stimulus measures, it signals to markets that it is committed to boosting inflation leading to changes in inflation expectations; this is the signalling channel. Second, it stimulates economic activity by encouraging banks to use their cash to lend to the private sector and households or to invest in riskier assets such as equities; this is the portfolio rebalancing channel. The asset purchase program may also stimulate economic activity by depressing sovereign yields, thereby relieving some of the burden of servicing government debt, creating more fiscal space. By decreasing yields, asset purchases also put downward pressure on the euro as investors search elsewhere for higher yields. A weaker currency decreases the relative cost of euro area exports and can therefore boost external demand.

Mario Draghi, the President of the ECB, has been very clear that what the ECB has done is lay the foundations for growth, but cannot forge ahead alone. Since October, the Governing Council has changed its language in emphasizing the importance of growth-friendly fiscal policies and structural reforms in translating

accommodative monetary policy into real economic activity. Indeed, in order to expand bank lending and strengthen inflation expectations, easy money needs to be coupled with consumer and investor confidence. It is up to the fiscal authorities – national governments and the European Commission – to create such an environment. So to answer the first question, the additional asset purchases will only be sufficient to stimulate economic activity in the euro zone if other authorities do their part.

Onto the second question, is there anything else that the ECB can do? Although all of its monetary policy tools are now working away at repairing the monetary union, one in particular is being used ineffectively: forward guidance. The ECB has maintained that interest rates will remain at the lower bound for ‘an extend period of time in view of the current outlook for inflation’; but its announcements over the past several months have merely indicated that its policy stance will reinforce its forward guidance without actually stating what that is.

Forward guidance is also not just related to the future path of the interest rate, the ECB’s commitment with respect to its asset purchase program is also important. Indeed, the ECB stated that it intends to continue purchases until September 2016 and will continue to conduct purchases until it sees ‘sustained adjustment’ in inflation that is consistent with achieving its goal. But the ECB has a long history of being an inflation hawk – meaning it reacts quickly to signs of inflationary pressure. Without any firm commitments on asset purchases and interest rates, any signs of accelerating inflation could create a misalignment between market expectations and the ECB’s policy stance.

Although it is unlikely that inflation will quickly accelerate before the 2016 date, the ECB’s fear (or even inability) of commitment can pose a problem for the long-term effectiveness of the program. The US Federal Reserve’s and the Bank of England implemented quantitative easing for 6 and 4 years, respectively, before they were satisfied with the results. During this time, both the US and the UK saw inflation rates rise well above target. Although this is less likely in the current climate in the euro zone, if the market perceives that the ECB is not firmly committed to accommodative policies throughout the long-haul of the recovery, well then the recovery unlikely to occur anytime soon.

www.domenicolombardi.org

WHAT’S NEXT FOR THE ECB?

By Dr Domenico LomBarDi

www.heditionmagazine.com8

Mario Draghi, President of the ECB


| NEWS

The European Central Bank (ECB) has finally launched a quantitative easing program that includes the purchase of euro area member countries’ sovereign bonds. The ‘expanded asset purchase programme’ will encompass

the existing asset-backed securities and covered bond purchase programs with additional purchases of bonds issued by euro area central governments, agencies and European institutions. The combined monthly purchases are expected to be €60 billion per month beginning in March 2015 and the program is intended to last until September 2016; the total program is therefore worth over €1.1 trillion.

Due to the size of asset purchases, and in order to appease Northern countries, the program does feature some risk sharing. Despite that, agreeing on a comprehensive public asset purchase program is a major accomplishment for the euro zone, but it is also long overdue. The ECB has now essentially exhausted its policy toolkit, meaning their only other options are to tweak current policies. Two key questions therefore emerge: Will the expanded asset purchase program be sufficient? And, if not, what else can the ECB do?

The purpose of the program is to raise medium-term inflation through two main channels. First, by using unprecedented stimulus measures, it signals to markets that it is committed to boosting inflation leading to changes in inflation expectations; this is the signalling channel. Second, it stimulates economic activity by encouraging banks to use their cash to lend to the private sector and households or to invest in riskier assets such as equities; this is the portfolio rebalancing channel. The asset purchase program may also stimulate economic activity by depressing sovereign yields, thereby relieving some of the burden of servicing government debt, creating more fiscal space. By decreasing yields, asset purchases also put downward pressure on the euro as investors search elsewhere for higher yields. A weaker currency decreases the relative cost of euro area exports and can therefore boost external demand.

Mario Draghi, the President of the ECB, has been very clear that what the ECB has done is lay the foundations for growth, but cannot forge ahead alone. Since October, the Governing Council has changed its language in emphasizing the importance of growth-friendly fiscal policies and structural reforms in translating

accommodative monetary policy into real economic activity. Indeed, in order to expand bank lending and strengthen inflation expectations, easy money needs to be coupled with consumer and investor confidence. It is up to the fiscal authorities – national governments and the European Commission – to create such an environment. So to answer the first question, the additional asset purchases will only be sufficient to stimulate economic activity in the euro zone if other authorities do their part.

Onto the second question, is there anything else that the ECB can do? Although all of its monetary policy tools are now working away at repairing the monetary union, one in particular is being used ineffectively: forward guidance. The ECB has maintained that interest rates will remain at the lower bound for ‘an extend period of time in view of the current outlook for inflation’; but its announcements over the past several months have merely indicated that its policy stance will reinforce its forward guidance without actually stating what that is.

Forward guidance is also not just related to the future path of the interest rate, the ECB’s commitment with respect to its asset purchase program is also important. Indeed, the ECB stated that it intends to continue purchases until September 2016 and will continue to conduct purchases until it sees ‘sustained adjustment’ in inflation that is consistent with achieving its goal. But the ECB has a long history of being an inflation hawk – meaning it reacts quickly to signs of inflationary pressure. Without any firm commitments on asset purchases and interest rates, any signs of accelerating inflation could create a misalignment between market expectations and the ECB’s policy stance.

Although it is unlikely that inflation will quickly accelerate before the 2016 date, the ECB’s fear (or even inability) of commitment can pose a problem for the long-term effectiveness of the program. The US Federal Reserve’s and the Bank of England implemented quantitative easing for 6 and 4 years, respectively, before they were satisfied with the results. During this time, both the US and the UK saw inflation rates rise well above target. Although this is less likely in the current climate in the euro zone, if the market perceives that the ECB is not firmly committed to accommodative policies throughout the long-haul of the recovery, well then the recovery unlikely to occur anytime soon.

www.domenicolombardi.org

WHAT’S NEXT FOR THE ECB?

By Dr Domenico LomBarDi


Mario Draghi, President of the ECB


| NEWS


The financial world is hoping that the quantitative easing launched by the ECB – starting in March – will be able to induce enough growth into the stagnant Eurozone.

A stronger economic drive from Europe is essential because, of the other two drivers of global demand, China is slowing down and America alone cannot sustain all the effort needed. In addition, the so called BRICs, especially Brazil, Russia and India, have no chance of becoming alternative economic drivers for a long while.

However, whilst the ECB monetary stimulus looks huge (the bank will indirectly “print” money, by buying euro debt worth around 1,1 trillion euro), there are doubts that this will be fully effective without similar action at individual euro-nation level. It is unlikely that France and Italy will reduce the fiscal and regulatory burden of the State on the market. Similarly Germany is unlikely to convert its gigantic surplus into investments – therefore its capacity to boost growth in its internal market and thereby diffuse a growth effect on the rest of the Eurozone, is even lower.

In Europe the transmission of monetary stimulus has to flow through the banks. However the supply of credit is still suffering from the consequences of the financial crisis and is being reduced by more and more restrictive rules. The demand for credit is also still affected by a lack of confidence due to the long recession and the high level of unemployment in many key areas of the

Eurozone. Summing up: this low cost liquidity flood, will encounter more dams than open channels.

We should therefore not expect a rapid and relevant increase of investment. The devaluation of the euro will have a strong stimulating effect, but the resulting growth of the export market may not be able to balance the very slow recovery of the European internal markets (which remain depressed by the lack of reforms to produce fiscal stimuli and by the persistence of austerity policies). Furthermore, the devaluation of the euro cannot be too deep or last for too long because it will affect exports in dollars and related currencies. On the one hand, the American Federal Reserve will tolerate a temporary devaluation of the euro because this move will help restore the euro’s driving capacity. On the other, there are time and quantitative limits to this tolerance.

There will, therefore, be some growth in the Eurozone, but it will not be as strong or as rapid as expected by the rest of the world. The ECB has communicated neither a precise deadline nor a definite quantity of monetary easing because more time and more money might still be needed before a decent reflationary effect is achieved.

Is this good or bad news? It is both. The bad news is that the recovery of the Eurozone, at the moment, appears slower than expected and needed. However, the good news is that a recovery will certainly occur at some point. We should remain patient and confident.

A SLOW MELT OF THE EURO-ICE?

BY PROFESSOR CARLO PELANDA


| NEWS

www.carlopelanda.com


The financial world is hoping that the quantitative easing launched by the ECB – starting in March – will be able to induce enough growth into the stagnant Eurozone.

A stronger economic drive from Europe is essential because, of the other two drivers of global demand, China is slowing down and America alone cannot sustain all the effort needed. In addition, the so called BRICs, especially Brazil, Russia and India, have no chance of becoming alternative economic drivers for a long while.

However, whilst the ECB monetary stimulus looks huge (the bank will indirectly “print” money, by buying euro debt worth around 1,1 trillion euro), there are doubts that this will be fully effective without similar action at individual euro-nation level. It is unlikely that France and Italy will reduce the fiscal and regulatory burden of the State on the market. Similarly Germany is unlikely to convert its gigantic surplus into investments – therefore its capacity to boost growth in its internal market and thereby diffuse a growth effect on the rest of the Eurozone, is even lower.

In Europe the transmission of monetary stimulus has to flow through the banks. However the supply of credit is still suffering from the consequences of the financial crisis and is being reduced by more and more restrictive rules. The demand for credit is also still affected by a lack of confidence due to the long recession and the high level of unemployment in many key areas of the

Eurozone. Summing up: this low cost liquidity flood, will encounter more dams than open channels.

We should therefore not expect a rapid and relevant increase of investment. The devaluation of the euro will have a strong stimulating effect, but the resulting growth of the export market may not be able to balance the very slow recovery of the European internal markets (which remain depressed by the lack of reforms to produce fiscal stimuli and by the persistence of austerity policies). Furthermore, the devaluation of the euro cannot be too deep or last for too long because it will affect exports in dollars and related currencies. On the one hand, the American Federal Reserve will tolerate a temporary devaluation of the euro because this move will help restore the euro’s driving capacity. On the other, there are time and quantitative limits to this tolerance.

There will, therefore, be some growth in the Eurozone, but it will not be as strong or as rapid as expected by the rest of the world. The ECB has communicated neither a precise deadline nor a definite quantity of monetary easing because more time and more money might still be needed before a decent reflationary effect is achieved.

Is this good or bad news? It is both. The bad news is that the recovery of the Eurozone, at the moment, appears slower than expected and needed. However, the good news is that a recovery will certainly occur at some point. We should remain patient and confident.

A SLOW MELT OF THE EURO-ICE?

BY PROFESSOR CARLO PELANDA


| NEWS

www.carlopelanda.com

London Stock Exchange Group is a passionate advocate of efforts to improve access to financial markets for private investors, and we recognise the crucial part played by individuals in

providing funding and liquidity to UK-listed businesses. We have been working hard to ensure private investors have access to the broadest range of asset classes – from international equities, to retail bonds, ETFs and exchange traded commodities, as well as a large and growing range of derivatives – within the most efficient, transparent infrastructure.

We also believe the healthiest financial markets are those with the widest range of participants. A combination of large pension funds, market making firms creating liquidity, along with international investment banks placing large orders on behalf of their clients as well as private investors, are all needed to maintain robust, liquid and transparent markets. But for some private investors, London’s capital markets remain daunting, which is why London Stock Exchange is committed to demystifying the markets and encouraging greater participation from this core constituency.

There is no doubt that private investors today have greater opportunities and access to invest in the capital markets but there is still more we can do. This progress has been supported by the increase in the number of tools available to private investors to actively manage a portfolio and execute trades.

Making access to information simple is the first step in demystifying and encouraging private investor trading on our markets. Does a trading system require you to install an additional high cost computer terminal? Or is there a way to configure a home PC using Windows perhaps? Is a super high speed internet connection needed? These are some of the questions private investors regularly ask themselves because they are aware of products in the market from large data providers, which are costly and timely to install. London Stock Exchange understands the need for simplicity which is why we specifically designed our market data terminal service, Proquote, to be PC and Windows compatible. This eliminates the need for a separate terminal, making it a powerful, yet easy-to-use and flexible system.

There has been a gradual shift in private investor sentiment towards investing in the stock markets and Proquote now processes over £3 billion of retail trading activity every month. Greater activity has also brought about an increase in the number of more sophisticated private investors wanting to broaden their portfolios and access European stocks.

This is now possible following an agreement to offer a direct connection to Turquoise, the European Multilateral Trading Facility, majority owned by London Stock Exchange Group, which offers an alternative trading venue to domestic stock exchanges. Turquoise provides its members with a single connection to trade financial instruments from 18 European countries, including France, Spain and Germany.

The new direct connection gives those investors seeking to explore the financial markets in greater depth, access to trade over 4000 shares, depository receipts and exchange traded funds admitted to trading from across Europe.

As well as access, allowing private investors the opportunity to see more detailed, professional data, more often that not previously exclusive to large banks and broking firms, is vital in empowering them when trading. We feel it’s important private investors have the option to view so called Level 2 data. This allows them to see the most comprehensive and in depth set of information available on trading activity, including the depth of the order book and the number and sizes of trades being made in the stock. This can be particularly useful when looking at smaller shares where liquidity is not apparent from Level 1 data which only reveals the price and spread. Ultimately, access to Level 2 data allows any investor to make more informed trading decisions.

At a time when policy makers and politicians are increasingly encouraging individuals to actively manage their own investment decisions, this new initiative represents an important step for private investors. By directly connecting to Turquoise, we have offered our customers access to trade a new universe of financial products and access professional level data, shedding light on London’s markets and empowering private investors with the tools and knowledge they need to trade.

www.londonstockexchange.com

TAKING STOCKDaviD TibbeTTs, HeaD of ProquoTe, LonDon sTock excHange grouP


| NEWS

London Stock Exchange Group is a passionate advocate of efforts to improve access to financial markets for private investors, and we recognise the crucial part played by individuals in

providing funding and liquidity to UK-listed businesses. We have been working hard to ensure private investors have access to the broadest range of asset classes – from international equities, to retail bonds, ETFs and exchange traded commodities, as well as a large and growing range of derivatives – within the most efficient, transparent infrastructure.

We also believe the healthiest financial markets are those with the widest range of participants. A combination of large pension funds, market making firms creating liquidity, along with international investment banks placing large orders on behalf of their clients as well as private investors, are all needed to maintain robust, liquid and transparent markets. But for some private investors, London’s capital markets remain daunting, which is why London Stock Exchange is committed to demystifying the markets and encouraging greater participation from this core constituency.

There is no doubt that private investors today have greater opportunities and access to invest in the capital markets but there is still more we can do. This progress has been supported by the increase in the number of tools available to private investors to actively manage a portfolio and execute trades.

Making access to information simple is the first step in demystifying and encouraging private investor trading on our markets. Does a trading system require you to install an additional high cost computer terminal? Or is there a way to configure a home PC using Windows perhaps? Is a super high speed internet connection needed? These are some of the questions private investors regularly ask themselves because they are aware of products in the market from large data providers, which are costly and timely to install. London Stock Exchange understands the need for simplicity which is why we specifically designed our market data terminal service, Proquote, to be PC and Windows compatible. This eliminates the need for a separate terminal, making it a powerful, yet easy-to-use and flexible system.

There has been a gradual shift in private investor sentiment towards investing in the stock markets and Proquote now processes over £3 billion of retail trading activity every month. Greater activity has also brought about an increase in the number of more sophisticated private investors wanting to broaden their portfolios and access European stocks.

This is now possible following an agreement to offer a direct connection to Turquoise, the European Multilateral Trading Facility, majority owned by London Stock Exchange Group, which offers an alternative trading venue to domestic stock exchanges. Turquoise provides its members with a single connection to trade financial instruments from 18 European countries, including France, Spain and Germany.

The new direct connection gives those investors seeking to explore the financial markets in greater depth, access to trade over 4000 shares, depository receipts and exchange traded funds admitted to trading from across Europe.

As well as access, allowing private investors the opportunity to see more detailed, professional data, more often that not previously exclusive to large banks and broking firms, is vital in empowering them when trading. We feel it’s important private investors have the option to view so called Level 2 data. This allows them to see the most comprehensive and in depth set of information available on trading activity, including the depth of the order book and the number and sizes of trades being made in the stock. This can be particularly useful when looking at smaller shares where liquidity is not apparent from Level 1 data which only reveals the price and spread. Ultimately, access to Level 2 data allows any investor to make more informed trading decisions.

At a time when policy makers and politicians are increasingly encouraging individuals to actively manage their own investment decisions, this new initiative represents an important step for private investors. By directly connecting to Turquoise, we have offered our customers access to trade a new universe of financial products and access professional level data, shedding light on London’s markets and empowering private investors with the tools and knowledge they need to trade.

www.londonstockexchange.com

TAKING STOCKDaviD TibbeTTs, HeaD of ProquoTe, LonDon sTock excHange grouP


| NEWS


Imagine it is the year 2000. Imagine that somehow you receive a message from the future. It says: “In the year 2012, more photographs will be taken than in any previous year in history.” After getting

over the initial shock of receiving such a message and, then after cursing that it didn’t reveal future winning lottery ticket numbers or indeed details of your future love life, you may have pondered the message. “Umm” you might have said, “I think I will buy some shares in Eastman Kodak.”

This was one of the largest companies in the world throughout the 20th century. It would not have been an unreasonable assumption to think it would be one of the great beneficiaries of this future increase in the popularity of photography.

It is just that your assumption would have been wrong. In fact, Eastman Kodak went bust in 2012.

For that matter, if you had drawn up a list of the world’s 100 largest companies in 1912, you may well have concluded that these companies were so large, so important, and so powerful that they would have been investment certainties. You would have been in good company. No less an individual than Alfred Marshall, author of one of the first great economic textbooks – Principles of Economics – drew much the same conclusion. He likened these top 100 companies to the long-lived Californian Redwoods.

It is just that in 1995, another economist – Leslie Hannah – found that of the top 100 global companies identified in 1912, 29 companies had experienced bankruptcy or similar.

Okay, you might say, that was a pretty spectacular fall from grace for 29 of the world’s largest companies in 1912, but it still took the best part of a century.

One of the key ideas of the book iDisrupted is that the rate of technological progress is not merely continuing; it is not even accelerating, it is accelerating at an accelerating rate. It took 83 years for 29 of the world’s largest companies from 1912 to go bust. In the 21st century, the equivalent will occur much faster. By the

end of the next decade, the business landscape will look so different from today, that it will be virtually unrecognisable.

Take energy. Oil companies were among the great success stories of the 20th century, but their fortunes will be very different during the next few decades. For one thing, there is a high degree of complacency within oil and indeed all fossil fuel industries relating to manmade climate change. The former BP boss Lord Browne has made this very point. Just supposing anthropogenic climate change turns out to be worse than expected. The balance between climate change cynics and supporters is asymmetric. There are many cynics, but those who support the idea of climate change are so terrified of saying something that they cannot prove, that they make very conservative estimates. If climate change turns out to be worse than we expected, we may well see a popular backlash against all fossil fuel companies.

There are other reasons to fear for the future of this sector. Take solar energy. The cost of a unit of energy generated from solar power is around 1 percent of what it was 35 years ago. Critics of renewables are legion, but they overlook two key points. First, they overlook how renewable energies are continuing to falls in price, and secondly they overlook a revolution that is occurring in energy storage. Solar is not very good when it is dark. Wind turbines are not very effective when there is no wind. Solve the problem of energy storage and the economics of energy are transformed. Right now, energy storage is experiencing its own version of Moore’s Law. Technologies, such as lithium sulphur batteries, carbon nanotubes and graphene, are set to transform the energy storage business.

Amongst the changes that we will see are growth in local energy production and storage. A national grid will become increasing irrelevant. For the energy industry, the effect will be simply enormous.

Alternatively, take the car industry. The economics of the sharing economy combined with self-driving cars will become so compelling that within a decade or so, most

How many companies will surviveTHE GREAT DISRUPTION?

Car manufacturers and energy companies will be among the list of giant companies that will be so disrupted by new technology that they may even cease to exist within a few years, says Michael Baxter,

co-author of iDisrupted – a new book on disruptive technology.

of us will conclude that we don’t need to own a car. This change is already occurring. For one thing, there is something called peak car, which shows the rate of growth in car ownership has slowed down enormously in recent years. In addition, surveys show that the Millennial Generation do not have the same kind of attachment to cars that their parents do.

To quote from iDisrupted: “According to Zipcar’s annual Millennial survey: Millennials are the only generation that believes losing their phone would have a greater negative impact on their life than losing their car. Nearly 40 percent of Millennials chose their mobile phone over their car, TV, or computer/tablet compared to only 16 percent of those in the 35+ age bracket. More than 50 percent of Millennials say they would drive less if other transportation options, like public transport and car sharing, were available in their area. 35 percent

reported that they are actively seeking substitutions for driving, both significantly higher adoption rates than their older counterparts.”

Energy and car manufacturing are just two examples. You can add banks, accountancy, investment, insurance, and most forms of manufacturing to the list of sectors that will be radically disrupted by technology. New sectors will emerge, and new ways of doing things will evolve. But across much of the business world there is a total lack of awareness of the massive changes that are coming. Strap yourself in because this ride will be ferocious.

iDisrupted, disruptive technology changing the human race forever, is available in all good book shops, Amazon and the Apple App Store.

www.idisrupted.com


| TECHNOLOGY


Imagine it is the year 2000. Imagine that somehow you receive a message from the future. It says: “In the year 2012, more photographs will be taken than in any previous year in history.” After getting

over the initial shock of receiving such a message and, then after cursing that it didn’t reveal future winning lottery ticket numbers or indeed details of your future love life, you may have pondered the message. “Umm” you might have said, “I think I will buy some shares in Eastman Kodak.”

This was one of the largest companies in the world throughout the 20th century. It would not have been an unreasonable assumption to think it would be one of the great beneficiaries of this future increase in the popularity of photography.

It is just that your assumption would have been wrong. In fact, Eastman Kodak went bust in 2012.

For that matter, if you had drawn up a list of the world’s 100 largest companies in 1912, you may well have concluded that these companies were so large, so important, and so powerful that they would have been investment certainties. You would have been in good company. No less an individual than Alfred Marshall, author of one of the first great economic textbooks – Principles of Economics – drew much the same conclusion. He likened these top 100 companies to the long-lived Californian Redwoods.

It is just that in 1995, another economist – Leslie Hannah – found that of the top 100 global companies identified in 1912, 29 companies had experienced bankruptcy or similar.

Okay, you might say, that was a pretty spectacular fall from grace for 29 of the world’s largest companies in 1912, but it still took the best part of a century.

One of the key ideas of the book iDisrupted is that the rate of technological progress is not merely continuing; it is not even accelerating, it is accelerating at an accelerating rate. It took 83 years for 29 of the world’s largest companies from 1912 to go bust. In the 21st century, the equivalent will occur much faster. By the

end of the next decade, the business landscape will look so different from today, that it will be virtually unrecognisable.

Take energy. Oil companies were among the great success stories of the 20th century, but their fortunes will be very different during the next few decades. For one thing, there is a high degree of complacency within oil and indeed all fossil fuel industries relating to manmade climate change. The former BP boss Lord Browne has made this very point. Just supposing anthropogenic climate change turns out to be worse than expected. The balance between climate change cynics and supporters is asymmetric. There are many cynics, but those who support the idea of climate change are so terrified of saying something that they cannot prove, that they make very conservative estimates. If climate change turns out to be worse than we expected, we may well see a popular backlash against all fossil fuel companies.

There are other reasons to fear for the future of this sector. Take solar energy. The cost of a unit of energy generated from solar power is around 1 percent of what it was 35 years ago. Critics of renewables are legion, but they overlook two key points. First, they overlook how renewable energies are continuing to falls in price, and secondly they overlook a revolution that is occurring in energy storage. Solar is not very good when it is dark. Wind turbines are not very effective when there is no wind. Solve the problem of energy storage and the economics of energy are transformed. Right now, energy storage is experiencing its own version of Moore’s Law. Technologies, such as lithium sulphur batteries, carbon nanotubes and graphene, are set to transform the energy storage business.

Amongst the changes that we will see are growth in local energy production and storage. A national grid will become increasing irrelevant. For the energy industry, the effect will be simply enormous.

Alternatively, take the car industry. The economics of the sharing economy combined with self-driving cars will become so compelling that within a decade or so, most

How many companies will surviveTHE GREAT DISRUPTION?

Car manufacturers and energy companies will be among the list of giant companies that will be so disrupted by new technology that they may even cease to exist within a few years, says Michael Baxter,

co-author of iDisrupted – a new book on disruptive technology.

of us will conclude that we don’t need to own a car. This change is already occurring. For one thing, there is something called peak car, which shows the rate of growth in car ownership has slowed down enormously in recent years. In addition, surveys show that the Millennial Generation do not have the same kind of attachment to cars that their parents do.

To quote from iDisrupted: “According to Zipcar’s annual Millennial survey: Millennials are the only generation that believes losing their phone would have a greater negative impact on their life than losing their car. Nearly 40 percent of Millennials chose their mobile phone over their car, TV, or computer/tablet compared to only 16 percent of those in the 35+ age bracket. More than 50 percent of Millennials say they would drive less if other transportation options, like public transport and car sharing, were available in their area. 35 percent

reported that they are actively seeking substitutions for driving, both significantly higher adoption rates than their older counterparts.”

Energy and car manufacturing are just two examples. You can add banks, accountancy, investment, insurance, and most forms of manufacturing to the list of sectors that will be radically disrupted by technology. New sectors will emerge, and new ways of doing things will evolve. But across much of the business world there is a total lack of awareness of the massive changes that are coming. Strap yourself in because this ride will be ferocious.

iDisrupted, disruptive technology changing the human race forever, is available in all good book shops, Amazon and the Apple App Store.

www.idisrupted.com


| TECHNOLOGY


Many employers automatically provide benefits like life assurance, pension scheme contributions and maternity pay as a standard part of an employee’s remuneration plan.

Some even provide gym and health club memberships for their top flight employees. However, if developments in Silicon Valley are anything to go by, it seems that employee benefits could be taking a whole new direction.

Back in 2015 it was announced that Facebook will pay for its female employees to freeze their eggs to enable them to postpone parenthood and continue to pursue their career. With fellow tech giant Apple set to follow. What does it mean for female employees? Is this a brave new world for employee benefits, or are there different, perhaps more negative, connotations to offering this service to female employees?

According to Dr Simon Thornton, group medical director at Care Fertility, this move is a positive one, he sees it as indicative of a company’s commitment to their female employees. Apple agrees, stating that they “care deeply” about their employees and their families, and making it clear that this is one part of a comprehensive benefits package for its female employees, they say: “we continue to expand our package for women with a new extended maternity leave policy, along with cryopreservation (freezing eggs) and egg storage as part of our extensive support for infertility treatments.”

On the surface, the benefits are obvious – freezing their eggs allows women the option to defer maternity until they are ready and to focus on their careers in their 20s and 30s. Christy Jones at Extend Fertility, a company that offers egg freezing, describes the option as one which allows women to be “more productive human beings” and offers them an ‘insurance policy’ which helps them to avoid using donor eggs if they suffer from fertility problems in later life.

However, there remains concern about the message that offering this option to female employees conveys. Daisy Sands, head of policy at the Fawcett Society, a group that campaigns for equality for women, says: “there’s a danger that with this sort of policy companies give a signal – or even promote the idea – that a woman needs to postpone having children in order to succeed in the workplace.“

Ms Sands’ concerns are echoed by others, who suggest that offering egg freezing is a way of making female employees feel that they have to manipulate their fertility to fit into a masculine business culture and who point out that if employers want to make their companies more attractive to female employees, then there are other, and possibly better, changes that can be made. These changes don’t involve employees undergoing invasive surgery and gruelling IVF treatment and include enabling distance working, creating job shares, providing crèches or allowing extended maternity leave (during which the employee can be regularly updated about changes which effect their job so that they are up-to-date when they return to work).

There is also the fact that there are still no guarantees that freezing eggs will result in a baby in the future – figures suggest that just 25% will result in a successful pregnancy. Also, whilst fertility treatment techniques are growing ever more advanced, women who choose to delay pregnancy until their 40s could still run the risk of fertility problems.

However, with companies looking to retain and recruit top female talent, this sort of employee benefit looks set to be part of the future. Perhaps, whatever the philosophical implications of offering this service, there may be many women who will be grateful for the opportunity this benefit offers and it is encouraging that the value of recruiting and retaining female talent is being recognised by employers.

EGGS BENEFIT

BY JOANNE WALKER

Deciding when to start a family, whilst taking into account the impact this could have on a career, has long been an issue for

working women. But what if your employer offered a benefit that allowed you to defer motherhood and focus on your career for

longer? We take a look at the issues involved.


The number of high and very high net worth individuals is growing throughout the World.

If you are fortunate enough to be one of these you may be able to indulge whatever interest you

may have. This may mean collecting art, vintage wine, antique furniture, haute couture clothing, jewellery etc.

Having acquired these treasured items they can take on a sentimental value. Unfortunately should they become lost or damaged the only compensation you can receive is a monetary one from your insurer.

It is therefore important to correctly insure the possessions you collect over your lifetime as they may appreciate significantly in value over the years. For example:

Fine Art – can increase or even reduce in value depending on the popularity of that particular style. A new artist selling into the market for the first time may be seen as an unknown and speculative and be valued accordingly. Over a very short space of time the value of that work may increase many times over as the artist gains in popularity.

Jewellery – values can be affected by the price of the commodity used such as gold, platinum and diamonds. This is complicated even further by the effect of exchange rate changes from your local currency to the dominant currency used for pricing the commodity. We have recently seen a lot of volatility in the exchange rate for the Euro in relation to the Swiss Franc and the USD.

Vintage Wine – a vintage wine will be an investment-grade wine and should appreciate significantly in value over time. The value of an old wine depends a great deal on its “provenance,” which means its ownership history and storage condition. You will therefore have

gone to a great deal of time and trouble to care for your wine. As the wine becomes rarer it will often increase significantly in value.

Haute Couture clothing – if you have the right insurance cover it will replace any lost or damaged items of clothing as new. Some items of clothing, such as haute couture, can actually increase in value over time and the value of the contents of your wardrobe are often underestimated.

If you were to undervalue any of your possessions then your insurer may reduce the amount of any payment by the same proportion as the under insurance.

What can you do to avoid being under insured? Well we have the following tips to help you avoid falling into this trap:

Valuations – obtain valuations on a regular basis for high value items, for example every 3 years or sooner if you feel there have been major movements in value.

Inventories – Carry out a full inventory of your assets. How much would it cost to replace your general contents (including clothing) with new items? An inventory may also be useful if you need to make a claim as would photographic evidence or a video diary.

New purchases – keep receipts and advise your broker or insurer as soon as you make significant purchases or disposals.

Policy cover – ensure your cover is as flexible as possible with high single article limits and automatic cover for new purchases.

These basic tips should help you to minimise the possibility of under insurance so that you do not suffer a monetary loss as well as a sentimental loss.

PROTECTINGYOUR ASSETS

BY MICHAEL RICHARDS, FCII


| BUSINESS

www.rmkinsurance.com


The number of high and very high net worth individuals is growing throughout the World.

If you are fortunate enough to be one of these you may be able to indulge whatever interest you

may have. This may mean collecting art, vintage wine, antique furniture, haute couture clothing, jewellery etc.

Having acquired these treasured items they can take on a sentimental value. Unfortunately should they become lost or damaged the only compensation you can receive is a monetary one from your insurer.

It is therefore important to correctly insure the possessions you collect over your lifetime as they may appreciate significantly in value over the years. For example:

Fine Art – can increase or even reduce in value depending on the popularity of that particular style. A new artist selling into the market for the first time may be seen as an unknown and speculative and be valued accordingly. Over a very short space of time the value of that work may increase many times over as the artist gains in popularity.

Jewellery – values can be affected by the price of the commodity used such as gold, platinum and diamonds. This is complicated even further by the effect of exchange rate changes from your local currency to the dominant currency used for pricing the commodity. We have recently seen a lot of volatility in the exchange rate for the Euro in relation to the Swiss Franc and the USD.

Vintage Wine – a vintage wine will be an investment-grade wine and should appreciate significantly in value over time. The value of an old wine depends a great deal on its “provenance,” which means its ownership history and storage condition. You will therefore have

gone to a great deal of time and trouble to care for your wine. As the wine becomes rarer it will often increase significantly in value.

Haute Couture clothing – if you have the right insurance cover it will replace any lost or damaged items of clothing as new. Some items of clothing, such as haute couture, can actually increase in value over time and the value of the contents of your wardrobe are often underestimated.

If you were to undervalue any of your possessions then your insurer may reduce the amount of any payment by the same proportion as the under insurance.

What can you do to avoid being under insured? Well we have the following tips to help you avoid falling into this trap:

Valuations – obtain valuations on a regular basis for high value items, for example every 3 years or sooner if you feel there have been major movements in value.

Inventories – Carry out a full inventory of your assets. How much would it cost to replace your general contents (including clothing) with new items? An inventory may also be useful if you need to make a claim as would photographic evidence or a video diary.

New purchases – keep receipts and advise your broker or insurer as soon as you make significant purchases or disposals.

Policy cover – ensure your cover is as flexible as possible with high single article limits and automatic cover for new purchases.

These basic tips should help you to minimise the possibility of under insurance so that you do not suffer a monetary loss as well as a sentimental loss.

PROTECTINGYOUR ASSETS

BY MICHAEL RICHARDS, FCII


| BUSINESS

www.rmkinsurance.com


Ayesha Vardag is internationally recognised as ‘Britain’s Top Divorce Lawyer’. Her unrivalled success, no-nonsense style and gritty life experience make her a force to be reckoned with when it comes to resolving family disputes. Negotiating divorce settlements is just one of the many strings

to Ayesha’s bow. She is a pioneer of both prenuptial and postnuptial agreements, the latter of which she hopes to introduce to the world as ‘the modern way to mend a marriage’. Ayesha has

acted for and against heirs and heiresses, tycoons, international sports stars, celebrities and royalty. H Edition speaks to Ayesha Vardag about her inspiring career.

AYESHA VARDAGThe Diva of Divorce

10 years ago, you launched Vardags; how did it all begin?It all began out of the spare bedroom of my house. I’d worked on my own divorce case and the divorce lawyer was so impressed that he hired me. I then had a third child and left the firm. Surviving on my teaching pay, from my work leading the family law course at Queen Mary, and having my house overrun with lodgers to keep myself afloat, I decided I needed to get some more work. So, I turned to what I knew, and decided to start operating a one-woman practice from my Islington home. It grew quickly through word of mouth and within a short space of time I had a flourishing practice with several employees helping me run the show.

What is the best and worst business decision you’ve ever made?The best was to trust my instincts and go it alone in the world of family law. It’s traditionally been a very small, established circle – frankly a bit of a closed shop – and it took some guts to say “I’m new on the scene and I’m serious” as well as to apply City know-how to the equation and revamp matrimonial law as a more rigorous legal discipline. People were quick to be dismissive at the time but now I have the largest high net worth family law firm in the country, having taken many risks along the way.

In business terms, the worst decision has to be the mortgage switch I made back in 2005. In theory, I should have been able to convert the mortgage debt I had for a couple of properties into another currency then reap the rewards when it was changed back into sterling; this was unfortunately scuppered by the 2008 crash so I ended up losing around £300,000.

What is your number one business goal you plan to accomplish within 2015?We have big plans up our sleeves for this year and we’re constantly on the lookout for ways we can expand and keep breaking the mould. Number one though is our exciting new collaborative venture in the UAE. This is still in its developmental stages but it will bring new challenges and the chance to provide a comprehensive international service where it is truly needed.

How did you land your first big client?In a great bit of serendipity: it was a mother at my son’s school. This was very early on, when I was considering practising out of my home but hadn’t quite got all the necessary clearances in place to do so. I attended my son’s PTA quiz night in the City of London one evening and met a lovely mother there who was going through a divorce and very unhappy with her legal representation. Her encouragement pushed me to get everything ready so I could take on her case. It was a great success: I was able to get my client a fantastic award in a case that was published in the law reports. From then onwards I turned my hand to other big money cases, representing heirs and heiresses, international royalty, tycoons and sports stars.

Any observations about the challenges women face that are specific to law firms?Law involves a lot of negotiation, and I think there’s still a lingering perception that negotiation – which is really an art – is something that involves a tough, typically masculine approach, bordering on aggression. There are times when being tough to get the job done is necessary, but there’s a bit more light and shade to it than

that. Women still have to show that emotional intelligence is crucial to the work too, and it can be difficult to get that taken seriously. The type of work I do is emotional by default, and it requires real empathy as well as excellent legal knowledge and intellect.

Otherwise, women in law face similar challenges to women in other professions, particularly those that involve ambition and long working hours: being able to balance having a family with a career, being the one who has to make sacrifices and adapt rather than their male counterparts.

What do you feel are your biggest achievements?High on the list of professional wins has to be my Supreme Court victory in the 2010 case of Radmacher, which changed the law on prenups and made them enforceable in England and Wales. It was a momentous moment for me personally, the small firm – as it then was – that I’d built up from nothing, and for family law. It was a big strike out for autonomy in modern marriages and a moment where we really felt we’d understood the momentum for change that was happening at that time and pushed it through to fruition.

What keeps you awake at night?Running a business, though wonderful, involves all sorts of dilemmas and pressures that have insomniac effects. Keeping clients coming through the doors, keeping them happy and pushing the boat out to get them the best possible outcome for their cases involves constant planning and rethinking. It’s exhilarating, but far from relaxing!

www.vardags.com

www.heditionmagazine.com22 www.heditionmagazine.com 23

10 years ago, you launched Vardags; how did it all begin?It all began out of the spare bedroom of my house. I’d worked on my own divorce case and the divorce lawyer was so impressed that he hired me. I then had a third child and left the firm. Surviving on my teaching pay, from my work leading the family law course at Queen Mary, and having my house overrun with lodgers to keep myself afloat, I decided I needed to get some more work. So, I turned to what I knew, and decided to start operating a one-woman practice from my Islington home. It grew quickly through word of mouth and within a short space of time I had a flourishing practice with several employees helping me run the show.

What is the best and worst business decision you’ve ever made?The best was to trust my instincts and go it alone in the world of family law. It’s traditionally been a very small, established circle – frankly a bit of a closed shop – and it took some guts to say “I’m new on the scene and I’m serious” as well as to apply City know-how to the equation and revamp matrimonial law as a more rigorous legal discipline. People were quick to be dismissive at the time but now I have the largest high net worth family law firm in the country, having taken many risks along the way.

In business terms, the worst decision has to be the mortgage switch I made back in 2005. In theory, I should have been able to convert the mortgage debt I had for a couple of properties into another currency then reap the rewards when it was changed back into sterling; this was unfortunately scuppered by the 2008 crash so I ended up losing around £300,000.

What is your number one business goal you plan to accomplish within 2015?We have big plans up our sleeves for this year and we’re constantly on the lookout for ways we can expand and keep breaking the mould. Number one though is our exciting new collaborative venture in the UAE. This is still in its developmental stages but it will bring new challenges and the chance to provide a comprehensive international service where it is truly needed.

How did you land your first big client?In a great bit of serendipity: it was a mother at my son’s school. This was very early on, when I was considering practising out of my home but hadn’t quite got all the necessary clearances in place to do so. I attended my son’s PTA quiz night in the City of London one evening and met a lovely mother there who was going through a divorce and very unhappy with her legal representation. Her encouragement pushed me to get everything ready so I could take on her case. It was a great success: I was able to get my client a fantastic award in a case that was published in the law reports. From then onwards I turned my hand to other big money cases, representing heirs and heiresses, international royalty, tycoons and sports stars.

Any observations about the challenges women face that are specific to law firms?Law involves a lot of negotiation, and I think there’s still a lingering perception that negotiation – which is really an art – is something that involves a tough, typically masculine approach, bordering on aggression. There are times when being tough to get the job done is necessary, but there’s a bit more light and shade to it than

that. Women still have to show that emotional intelligence is crucial to the work too, and it can be difficult to get that taken seriously. The type of work I do is emotional by default, and it requires real empathy as well as excellent legal knowledge and intellect.

Otherwise, women in law face similar challenges to women in other professions, particularly those that involve ambition and long working hours: being able to balance having a family with a career, being the one who has to make sacrifices and adapt rather than their male counterparts.

What do you feel are your biggest achievements?High on the list of professional wins has to be my Supreme Court victory in the 2010 case of Radmacher, which changed the law on prenups and made them enforceable in England and Wales. It was a momentous moment for me personally, the small firm – as it then was – that I’d built up from nothing, and for family law. It was a big strike out for autonomy in modern marriages and a moment where we really felt we’d understood the momentum for change that was happening at that time and pushed it through to fruition.

What keeps you awake at night?Running a business, though wonderful, involves all sorts of dilemmas and pressures that have insomniac effects. Keeping clients coming through the doors, keeping them happy and pushing the boat out to get them the best possible outcome for their cases involves constant planning and rethinking. It’s exhilarating, but far from relaxing!

www.vardags.com



How did you enter the world of business?I couldn’t wait to get started so, as soon as I left Brighton College, I took myself off to Italy with very little cash, with the idea of finding something new and lovely to bring to the UK. I remember my first day there, sitting in a friend’s flat thinking ‘now what do I do?’. It was sink or swim time and I decided to do something. I started pounding the streets, walking around stores and shops observing. Once I had identified some gorgeous and, more important, popular items, I found the makers and convinced them to let me bring their products to the UK. Simple but not easy!

Do you believe people are born with entrepreneurship or is it something you learn?I draw a distinction between being in business and being an entrepreneur. Whilst I believe there are many business skills which can be learned, and can certainly help avoid some of the pitfalls many start-ups or early stage businesses face, I observe a very similar set of character traits in all the successful entrepreneurs I meet and – as character traits – these cannot be learned.

What is your greatest achievement to date?No idea. I achieve and move on and have certainly learned in life that things that seem immense and important, once overcome or achieved, quickly fade into history.

How do you define success?There is no one version of success and defining your own is a very good start on the path to gaining it! For me, it is reaching a place where I can mostly choose what I

want to do and who I want to spend time with, and having things I really care about and the ability to make a difference to those things. I meet too many people who don’t have anything they are really passionate about and I think that would feel very empty.

What has been your biggest challenge as a woman in business?I have never considered myself as a woman in business – I am in business full stop. Customers don’t consider gender when they choose to buy your product or your service, they just want it to be good. So business is a great place for all.

Since being on BBC’s Dragon’s Den you have invested in many businesses. What do you look for when investing in a business? I am not just looking for a good product or service but also an Individual or Individuals who have a clear understanding of their market and how and why it works. It also helps when they know what they don’t know!! Dragons are not there to run peoples’ businesses for them, but they can help guide and fill in the knowledge gaps.

What has been your most profitable investment to date?That’s a hard one as the Dragon’s Den businesses are all very different and in different stages and often the real value comes at exit.

You are a Patron of Tusk, tell us more? Tusk was established in 1990. Since then the Charity has invested some £25m into a broad range of wildlife, community, and education programmes across Africa. It

As we focus on Women in Business, Rebecca Cowing speaks to Deborah Meaden, the successful UK entrepreneur and Dragons’ Den

investor on how her inspiring journey began.

currently funds over 50 projects across 18 countries. Tusk not only works to protect endangered species, but also aims to use conservation as an effective tool to alleviate poverty and promote sustainable development amongst the rural communities who live alongside wildlife. I agreed to be a Patron following a trip to some of their projects when I could see for myself the Intelligent and sustainable way the Charity works to make an effective difference.

Why do you feel the work of Tusk is so important?2015 will see the Charity celebrating its 25th anniversary but set against the backdrop of the worst poaching crisis Africa, and in fact the world, has ever seen. It has achieved so much already but clearly there is so much still to do. It can be hard to prioritise wildlife when there is so much to do in the world, but this is a very dark and bloody war with lives being torn apart and clear evidence that the illegal proceeds are funding civil war, terrorism and violence – destabilising not just locally but on a worldwide scale. Africa’s wildlife also represents a huge natural resource that creates employment and generates a large proportion of GDP through tourism. Poaching is tantamount to economic sabotage. To lose this incredible natural asset and heritage threatens to destroy a significant part of their fragile economies.

To find out how you can support the work of Tusk and for tickets for the Tusk Trust Anniversary Ball please visit Tusk.org

www.deborahmeaden.com

ENTERING THE WORLD OF

BUSINESS

| WOMEN OF INFLUENCE


How did you enter the world of business?I couldn’t wait to get started so, as soon as I left Brighton College, I took myself off to Italy with very little cash, with the idea of finding something new and lovely to bring to the UK. I remember my first day there, sitting in a friend’s flat thinking ‘now what do I do?’. It was sink or swim time and I decided to do something. I started pounding the streets, walking around stores and shops observing. Once I had identified some gorgeous and, more important, popular items, I found the makers and convinced them to let me bring their products to the UK. Simple but not easy!

Do you believe people are born with entrepreneurship or is it something you learn?I draw a distinction between being in business and being an entrepreneur. Whilst I believe there are many business skills which can be learned, and can certainly help avoid some of the pitfalls many start-ups or early stage businesses face, I observe a very similar set of character traits in all the successful entrepreneurs I meet and – as character traits – these cannot be learned.

What is your greatest achievement to date?No idea. I achieve and move on and have certainly learned in life that things that seem immense and important, once overcome or achieved, quickly fade into history.

How do you define success?There is no one version of success and defining your own is a very good start on the path to gaining it! For me, it is reaching a place where I can mostly choose what I

want to do and who I want to spend time with, and having things I really care about and the ability to make a difference to those things. I meet too many people who don’t have anything they are really passionate about and I think that would feel very empty.

What has been your biggest challenge as a woman in business?I have never considered myself as a woman in business – I am in business full stop. Customers don’t consider gender when they choose to buy your product or your service, they just want it to be good. So business is a great place for all.

Since being on BBC’s Dragon’s Den you have invested in many businesses. What do you look for when investing in a business? I am not just looking for a good product or service but also an Individual or Individuals who have a clear understanding of their market and how and why it works. It also helps when they know what they don’t know!! Dragons are not there to run peoples’ businesses for them, but they can help guide and fill in the knowledge gaps.

What has been your most profitable investment to date?That’s a hard one as the Dragon’s Den businesses are all very different and in different stages and often the real value comes at exit.

You are a Patron of Tusk, tell us more? Tusk was established in 1990. Since then the Charity has invested some £25m into a broad range of wildlife, community, and education programmes across Africa. It

As we focus on Women in Business, Rebecca Cowing speaks to Deborah Meaden, the successful UK entrepreneur and Dragons’ Den

investor on how her inspiring journey began.

currently funds over 50 projects across 18 countries. Tusk not only works to protect endangered species, but also aims to use conservation as an effective tool to alleviate poverty and promote sustainable development amongst the rural communities who live alongside wildlife. I agreed to be a Patron following a trip to some of their projects when I could see for myself the Intelligent and sustainable way the Charity works to make an effective difference.

Why do you feel the work of Tusk is so important?2015 will see the Charity celebrating its 25th anniversary but set against the backdrop of the worst poaching crisis Africa, and in fact the world, has ever seen. It has achieved so much already but clearly there is so much still to do. It can be hard to prioritise wildlife when there is so much to do in the world, but this is a very dark and bloody war with lives being torn apart and clear evidence that the illegal proceeds are funding civil war, terrorism and violence – destabilising not just locally but on a worldwide scale. Africa’s wildlife also represents a huge natural resource that creates employment and generates a large proportion of GDP through tourism. Poaching is tantamount to economic sabotage. To lose this incredible natural asset and heritage threatens to destroy a significant part of their fragile economies.

To find out how you can support the work of Tusk and for tickets for the Tusk Trust Anniversary Ball please visit Tusk.org

www.deborahmeaden.com

ENTERING THE WORLD OF

BUSINESS



Your career has been amazing, how did it start?It all started when I was 16 and designed a family friend’s kitchen. What followed is all about passion, hard work and drive.

What piece of advice would you give a young potential entrepreneur?Observe and learn from people, especially from a mentor. It is very important to do your research, know your business and your market. You need to believe in yourself, your project, and show it. When necessary, don’t be afraid to ask for help.

What has been your biggest challenge as a woman in business?There are times when male entrepreneurs don’t believe you are equal simply because you are not taken seriously enough. I think they believe they are superior. It happens rarely but when it does I don’t want to become the woman I would if I argued it every time. I wouldn’t want to become defensive. I would rather just be the bigger person and walk away knowing in myself that I am confident and successful.

What’s been the most difficult lesson you’ve learnt about money and business?I once employed, as I know a lot of successful woman have done, a real CEO that had run big companies in America because I thought it would help build the brand. However he just didn’t get the ‘British Way’ or the Kelly Hoppen Brand at all. It was a big eye opener and ended up costing me a fortune. If I hadn’t spotted it in the early

days he could have run the business I had spent so long building into the ground.

You are an ambassador of the British Government’s GREAT campaign, what made you get involved?It is an amazing opportunity to put forward your country and what it has to offer. I am proud to be British and campaigning to show, inspire and support the best the country has to offer is a real honor.

You are campaigning to empower British companies to expand overseas, tell us more?As an entrepreneur it is crucial to bring your business overseas in order to expand your client base and your company at large. I did it at a very young age and always encourage people to do it too. This has lead me to participate in an amazing campaign at Heathrow for Export Week and to become an ambassador for UKTI. I want to be able to take the fear out of exporting and show entrepreneurs that the experience can not only be financially rewarding, but also exciting.

What are your favourite home trends for this year?A mixture of different colour woods is really in fashion in this upcoming year. Blonde, taupe, black and greys all mixed is creating a lovely feel in the home. Rather than being all black and white, it’s a mixture of textures and a full spectrum of monochrome.

There really are no limitations or rules in the home. It is a total free-for-all out there, which is rather invigorating and refreshing

Being a Woman in Business Kelly Hoppen, the English interior designer, author and proprietor of Kelly Hoppen Interiors speaks to H Edition Magazine

about her career, being a woman in business and why she was keen to get involved with the British Government’s GREAT campaign. Kelly is honoured to be the recipient of copious design awards and the proudest point in her career to date came in 2009, when she was made an MBE for her services to interior design. She puts her stamp on the homes, yachts and jets

of private clients, as well as select commercial projects worldwide, including hotels, restaurants, offices and aircraft’s.

Kelly Hoppen

| WOMEN OF INFLUENCE to see, a total mixture of colours, textures, shapes and sizes. Although there are similarities in fashion and interiors, fashion is a lot more straight edged; midi, maxi, mini and no in-between where as interiors has no limits or boundaries and a million options in-between

The home is becoming all about baring certain raw values of the interiors and mixing it with much more luxurious things.

In terms of lighting: ban the down lighter is what I say, they are the most unflattering bulbs. You want wall washers, up-lighters, pendant lights and lighting in shadow gaps to compliment the room and space. The added bonus is that you can save lots of money too.

The bath was once a disappearing aspect of the bathroom but it is making a huge return. People are dying for that relaxation time and to soak in a deep sunken tub and they have become super popular again. Massive showerheads are out and people want something a little sleeker.

Bringing the outside in is key. I am just working on my gorgeous new home, however, I don’t have a garden so I am planning on sourcing some incredible organic trees that grow indoors to bring a little oxygen into the home and also some life.

Finally, as much storage as possible is always necessary. We are consumers and that is what we do best – buy – so we need to be sure that we always have space for all our goodies and necessities.

www.kellyhoppen.com


Your career has been amazing, how did it start?It all started when I was 16 and designed a family friend’s kitchen. What followed is all about passion, hard work and drive.

What piece of advice would you give a young potential entrepreneur?Observe and learn from people, especially from a mentor. It is very important to do your research, know your business and your market. You need to believe in yourself, your project, and show it. When necessary, don’t be afraid to ask for help.

What has been your biggest challenge as a woman in business?There are times when male entrepreneurs don’t believe you are equal simply because you are not taken seriously enough. I think they believe they are superior. It happens rarely but when it does I don’t want to become the woman I would if I argued it every time. I wouldn’t want to become defensive. I would rather just be the bigger person and walk away knowing in myself that I am confident and successful.

What’s been the most difficult lesson you’ve learnt about money and business?I once employed, as I know a lot of successful woman have done, a real CEO that had run big companies in America because I thought it would help build the brand. However he just didn’t get the ‘British Way’ or the Kelly Hoppen Brand at all. It was a big eye opener and ended up costing me a fortune. If I hadn’t spotted it in the early

days he could have run the business I had spent so long building into the ground.

You are an ambassador of the British Government’s GREAT campaign, what made you get involved?It is an amazing opportunity to put forward your country and what it has to offer. I am proud to be British and campaigning to show, inspire and support the best the country has to offer is a real honor.

You are campaigning to empower British companies to expand overseas, tell us more?As an entrepreneur it is crucial to bring your business overseas in order to expand your client base and your company at large. I did it at a very young age and always encourage people to do it too. This has lead me to participate in an amazing campaign at Heathrow for Export Week and to become an ambassador for UKTI. I want to be able to take the fear out of exporting and show entrepreneurs that the experience can not only be financially rewarding, but also exciting.

What are your favourite home trends for this year?A mixture of different colour woods is really in fashion in this upcoming year. Blonde, taupe, black and greys all mixed is creating a lovely feel in the home. Rather than being all black and white, it’s a mixture of textures and a full spectrum of monochrome.

There really are no limitations or rules in the home. It is a total free-for-all out there, which is rather invigorating and refreshing

Being a Woman in Business Kelly Hoppen, the English interior designer, author and proprietor of Kelly Hoppen Interiors speaks to H Edition Magazine

about her career, being a woman in business and why she was keen to get involved with the British Government’s GREAT campaign. Kelly is honoured to be the recipient of copious design awards and the proudest point in her career to date came in 2009, when she was made an MBE for her services to interior design. She puts her stamp on the homes, yachts and jets

of private clients, as well as select commercial projects worldwide, including hotels, restaurants, offices and aircraft’s.

Kelly Hoppen

| WOMEN OF INFLUENCE to see, a total mixture of colours, textures, shapes and sizes. Although there are similarities in fashion and interiors, fashion is a lot more straight edged; midi, maxi, mini and no in-between where as interiors has no limits or boundaries and a million options in-between

The home is becoming all about baring certain raw values of the interiors and mixing it with much more luxurious things.

In terms of lighting: ban the down lighter is what I say, they are the most unflattering bulbs. You want wall washers, up-lighters, pendant lights and lighting in shadow gaps to compliment the room and space. The added bonus is that you can save lots of money too.

The bath was once a disappearing aspect of the bathroom but it is making a huge return. People are dying for that relaxation time and to soak in a deep sunken tub and they have become super popular again. Massive showerheads are out and people want something a little sleeker.

Bringing the outside in is key. I am just working on my gorgeous new home, however, I don’t have a garden so I am planning on sourcing some incredible organic trees that grow indoors to bring a little oxygen into the home and also some life.

Finally, as much storage as possible is always necessary. We are consumers and that is what we do best – buy – so we need to be sure that we always have space for all our goodies and necessities.

www.kellyhoppen.com

Special Offer: Privileged One membership is reduced from £3500

to £2500* exclusively with this issue of H Edition.

Please visit PrivilegedLifestyles.com for more info or call

Victoria on +1 786 449 1518.

[email protected]

*Swiss Francs CHF5000 to CHF3500, Euros €4500 to €3000. Fill out our membership application and use the code ‘H Edition’


A creative business is a successful business. When the world is your competition you can’t afford to be ordinary. It’s creativity that matters, creativity that makes you stand out, creativity that makes you extraordinary. But designing

products is only part of that picture: creativity also means generating new ideas. This is what inspires your customers, develops loyalty, and sustains values. Doing more for less, doing more with less, doing old things better, doing new things first.

At The Cambridge Satchel Company, each stage in the production of every satchel, backpack, trunk and tote takes place in Britain; from cutting, sizing, stitching and sewing to personalised finishing touches. We are committed to UK manufacturing and believe it has been a core part of our success.

The Cambridge Satchel Company started with an initial investment of only £600. Eight years later, we employ over 100 people and trade in over 120 countries. Despite pressures to take production overseas, we remain committed to the country that has been the base for our success. From our workshop in Leicestershire, we support apprentices and develop local skills, encouraging people to embrace craftsmanship.

Satchels handmade in Leicestershire are sold in China, through stores including Lane Crawford, as well as through a new store on TMall Global which launched earlier this year. This partnership could not have been achieved without the support of the GREAT campaign. The GREAT campaign showcases the very best of what Britain has to offer, welcoming the world to visit, study in, and do business with the UK.

As part of the company’s international expansion, in 2013, I joined a PM trade trip to China. The opportunities gained as a result were phenomenal; it led to our deal with Alibaba, launching our products on its online Chinese retail site, TMall. That’s why

I’ll be attending the GREAT Festival of Creativity in Shanghai to showcase our range of products and tell our story to hundreds of businesses from all over the world. The Festival will present some of Britain’s most innovative companies to one of the world’s fastest growing markets so that the UK and China can forge new trading partnerships, like ours.

The Festival is a unique partnership between Government and private sector, and will act as a shop window for British goods and services – a masterclass in showing how creativity offers every company a competitive advantage, no matter in which sector they do business. Creative industries in the UK generate £71bn a year for our economy, so British businesses across all sectors should be making the most of their competitive edge. Britain’s creative sector is world leading and has been central in driving the UK’s economic growth.

We will showcase a range of our Classic and new style satchels, bags and trunks as well as a demonstration of the manual embossing process at the festival. Visitors to the Festival will be able to watch as initials and symbols are imprinted on to colourful leathers in black, silver and gold foil. A video will show the behind the scenes journey of the making of the handmade satchels at our UK workshop.

It is this creative thinking which has led to The Cambridge Satchel Company’s success. Since our humble beginnings, our focus has remained on producing top quality, unique designs; stylish in their simplicity and made to last.

The Cambridge Satchel Company is a British company that produces satchels and other leather goods. The company was founded in 2008, in Cambridge, England, by Julie Deane and her mother Freda Thomas as a way to pay private school fees for Deane’s children.

By Julie Deane, Co-founder of The Cambridge Satchel Company

Creativity is GREAT Britain

www.cambridgesatchel.com

Special Offer: Privileged One membership is reduced from £3500

to £2500* exclusively with this issue of H Edition.

Please visit PrivilegedLifestyles.com for more info or call

Victoria on +1 786 449 1518.

[email protected]

*Swiss Francs CHF5000 to CHF3500, Euros €4500 to €3000. Fill out our membership application and use the code ‘H Edition’


The Drink Me brand produces an award winning range of instant Chai Latte’s inspired by the original Chai that Founder Amanda Hamilton first tasted in India. The intoxicating blend of spices, tea, milk and sugar offers a

real alternative from traditional tea, coffee and hot chocolate. From Spiced to Mango Chai, there is a flavour for everyone in the range which is available in both retail and foodservice pack sizes. We talk to Founder Amanda Hamilton on how it all begun – and what the plan is for the future.

Congratulations, it’s been ten years since you founded Drink Me. Did you expect to be doing this a decade on?Thank you. I am very excited and grateful to be still growing the brand Drink Me after 10 years and I am very proud of what the team has achieved. I think it is only when you stop and reflect that you realise what an incredible journey of learning that it has been.

In the beginning, what motivated you to become an entrepreneur?Looking back from an early age I have enjoyed setting goals and seeing them through to the end. When I started work, I found the corporate world very restricting and I felt like a round peg in a square hole for many years.

It’s only when I took the leap of faith that I started to feel more comfortable, and each target that I achieved provided me with a strong feeling of satisfaction.

My first business was a chain of tea bars in South London (ironically similar to the Indian TUK TUK vans) and once I tasted Chai in India I had an idea to re-create the taste I loved in the UK and sell it on my tea bars. Customer loved the taste and I had created a market research panel without realising it.

I then took a chance and approached a leading supermarket and was invited in to pitch and won a 250 store listing for my Spiced Chai Latte and was given only 3 months to launch.

How long did it take you to setup your business?My first mobile Tea Bar business was set up with a Princes Trust loan and once I decided to leave my job, things moved pretty quickly. This ran for 2 years before I developed the Chai Latte and launched Drink Me Chai. Within 6 months I had my brand on the shelves of the UKs leading supermarket. I am a great believer in

seizing the moment and opportunity rather than over thinking and over planning. If you say YES, you can then go away and work out how to deliver.

Tell me about a project or accomplishment that you consider to be the most significant in your career.I think the biggest accomplishment was securing the meeting with the supermarket and then with no branding or packaging coming out with a 250 store listing. When I left the offices I knew I had been given a massive opportunity and it was up to me to turn it into a success.

It’s reported that 9 out of 10 beverage start-ups usually fail, what do you think has kept your business alive? I wasn’t aware the percentage was so high. I think it was a combination of having a unique product at the right time and having the belief and determination to see it through on good and bad days.

If you could offer a first-time entrepreneur only one piece of advice, what would it be? If you believe in your idea or product and have researched the market for it (not just family and friends) then pursue your dream with a relentless determination and never ever give up.

How do you define success as a business owner?To be a passionate and visionary leader. To be financially successful is important as entrepreneurs create jobs and also profits can be used to give something back to causes that mean something to you.

What are your goals for yourself and the company over the next 3-5 years?With our fresh new Drink Me re-brand we will continue to develop innovative beverages whilst keeping our core Chai Latte range. We aim to be the market leading brand in Europe for Chai Latte and Export to a further 10 countries.

Finally to just to keep enjoying what I do. Someone once said if you choose a job that you love, then you will never have to work a day in your life.

www.drinkmechai.co.uk

Amanda HamiltonK N O W S H O W T O C R E A T E A S T I R



The Drink Me brand produces an award winning range of instant Chai Latte’s inspired by the original Chai that Founder Amanda Hamilton first tasted in India. The intoxicating blend of spices, tea, milk and sugar offers a

real alternative from traditional tea, coffee and hot chocolate. From Spiced to Mango Chai, there is a flavour for everyone in the range which is available in both retail and foodservice pack sizes. We talk to Founder Amanda Hamilton on how it all begun – and what the plan is for the future.

Congratulations, it’s been ten years since you founded Drink Me. Did you expect to be doing this a decade on?Thank you. I am very excited and grateful to be still growing the brand Drink Me after 10 years and I am very proud of what the team has achieved. I think it is only when you stop and reflect that you realise what an incredible journey of learning that it has been.

In the beginning, what motivated you to become an entrepreneur?Looking back from an early age I have enjoyed setting goals and seeing them through to the end. When I started work, I found the corporate world very restricting and I felt like a round peg in a square hole for many years.

It’s only when I took the leap of faith that I started to feel more comfortable, and each target that I achieved provided me with a strong feeling of satisfaction.

My first business was a chain of tea bars in South London (ironically similar to the Indian TUK TUK vans) and once I tasted Chai in India I had an idea to re-create the taste I loved in the UK and sell it on my tea bars. Customer loved the taste and I had created a market research panel without realising it.

I then took a chance and approached a leading supermarket and was invited in to pitch and won a 250 store listing for my Spiced Chai Latte and was given only 3 months to launch.

How long did it take you to setup your business?My first mobile Tea Bar business was set up with a Princes Trust loan and once I decided to leave my job, things moved pretty quickly. This ran for 2 years before I developed the Chai Latte and launched Drink Me Chai. Within 6 months I had my brand on the shelves of the UKs leading supermarket. I am a great believer in

seizing the moment and opportunity rather than over thinking and over planning. If you say YES, you can then go away and work out how to deliver.

Tell me about a project or accomplishment that you consider to be the most significant in your career.I think the biggest accomplishment was securing the meeting with the supermarket and then with no branding or packaging coming out with a 250 store listing. When I left the offices I knew I had been given a massive opportunity and it was up to me to turn it into a success.

It’s reported that 9 out of 10 beverage start-ups usually fail, what do you think has kept your business alive? I wasn’t aware the percentage was so high. I think it was a combination of having a unique product at the right time and having the belief and determination to see it through on good and bad days.

If you could offer a first-time entrepreneur only one piece of advice, what would it be? If you believe in your idea or product and have researched the market for it (not just family and friends) then pursue your dream with a relentless determination and never ever give up.

How do you define success as a business owner?To be a passionate and visionary leader. To be financially successful is important as entrepreneurs create jobs and also profits can be used to give something back to causes that mean something to you.

What are your goals for yourself and the company over the next 3-5 years?With our fresh new Drink Me re-brand we will continue to develop innovative beverages whilst keeping our core Chai Latte range. We aim to be the market leading brand in Europe for Chai Latte and Export to a further 10 countries.

Finally to just to keep enjoying what I do. Someone once said if you choose a job that you love, then you will never have to work a day in your life.

www.drinkmechai.co.uk

Amanda HamiltonK N O W S H O W T O C R E A T E A S T I R


Tayma Page Allies is a British designer of fine jewellery who established her individual brand of exotic gems in Hong Kong 25 years ago – with no stock, no backers, no Chinese language skills, and no official premises.

Today her luxurious shop in the former British colony’s prestigious Prince’s Building opposite the Mandarin Oriental hotel rubs shoulders with the likes of Van Cleef and Arpels, Bulgari, Cartier and Chanel as the only independent boutique jewellery maker designing handmade, unique pieces crafted from wax mould to silver and then finally gold.

Integrity of the product is the core DNA of the brand with each gemstone personally sourced by Tayma and each with a clear provenance and independent gemmological certificate. Over the years she has established access to suppliers of the best gemstones in the world, including lapidaries and mine-owners with archives of rough crystals from old or closed mines. Thus a newly-cut TAYMA gemstone could be from a mine which has been closed for 50 years. She has also introduced rare and exotic gemstones to the Hong Kong market: Rubellite tourmaline in 1995; Watermelon tourmalines in 1997; Paraiba tourmaline in 2005, and Spessartite garnet in 2007.

According to Tayma: “My favourite clients are professional women who treat themselves to a gift of jewellery to celebrate a bonus, a milestone, a new job, a personal anniversary etc. They go to a party wearing their TAYMA piece which starts a conversation…which leads to a relationship…which leads to an engagement…they become

more interesting as their style and taste is admired. It’s happened many times that TAYMA jewellery has changed someone’s life.”

Because TAYMA designs with unique, carefully selected coloured gemstones and pearls, it is impossible to copy the original creation, even if the mounting can be copied. “Most imitators copy because they want to offer a cheaper product but an imitation is always a poor comparison because I use only the best diamonds, quality gold, and experienced goldsmiths – and I never cut corners. Sometimes I remake a ring four times to ensure its perfection...quality and integrity is the core of my business.

My jewellery is treasured and handed down with pride as an original TAYMA. The competition have access

to my designs (through my calendars, for instance) and often try to reproduce them – but the jewels I use for my designs are unique and irreplaceable – a pair is rare!”

TAYMA had an international upbringing and early work experience included schooling in

Trinidad, Malta and the UK and teaching in Lagos and Nigeria. After work experience in the events/conference industry in Russia and China (which saw her travelling to Beijing in 1985 in the days when a blue-eyed blonde British single girl was still a novelty), she ended up in Hong Kong “with one navy blazer, £50, a return ticket and small suitcase – nowhere to live, and no job” She then got a job with a local corporate PR agency handling clients such as the Mandarin Oriental Hotel Group.

One day whilst working, she “noticed a jewellery company in the same building so I knocked on the door and convinced them to


let me in and ended up designing three rings. Two weeks later I went out to lunch with two girlfriends and got two orders on the spot. That led to me to me designing Gretel Packer’s (Kerry Packer’s daughter) engagement ring. I kept the day PR job but found I was increasingly designing jewellery for friends.”

In 1990 she set up Tayma Page & Associates when she won a contract to organise fashion shows in China for French fashion house Montagut incorporating models, choreography, advertising, promotion, venue, lighting etc. She spent three years organising shows in Beijing, Dalian and Shanghai then realised that “70% of my time was spent on fashion shows for 30% return and 30% time on jewellery for 70% return”.

In HK at that time, it was possible to find hand-workers and goldsmiths to make rings and earrings for very little cost “so I spent every weekend re-designing my 21st birthday aquamarine and diamond ring and making pieces for myself…all my friends (like Annabel Heseltine) loved them and asked me to make some for them. I was really taken with freshwater pearls, in those days they looked like coloured Rice Crispies, so I had an old local man who went to a farm in China to buy the best quality for me. With these I designed beautiful extra-long multi-strands of seed pearls to wear as necklaces and bracelets, interchangeable to five different styles. I always had one round my neck and one in my bag. People loved those pearls and are still wearing them today. It was this ‘seed’ pearl money of about HK$10,000 (£1,000 today) that paid for my gemmology lessons and with which I was able to buy my first gemstones.”

After studying gemmology for four years, TAYMA decided to concentrate on jewellery full time and opened a small shop in Lan Kwai Fong in Central Hong Kong. She was just 30 when she established her own business.

In the early days, TAYMA was a one-man-band…“doing round-the-world trips on United and BA Concorde to take in the main trunk shows in LA, San Francisco, New York, London, Paris, South of France in the summer. My sister worked for ABC News in London, so I went to ABC, CNN in New York and sold jewellery to many presenters and producers like Barbara Walters, etc.”

For TAYMA’s loyal clientele, nothing is too much trouble: “A man rang the other day from China: it was his wife’s birthday the next day and she was in Thailand. He wanted to choose a gift, send his friend to the shop in HK to pick up the jewellery and his friend would fly to Thailand and meet the husband there. We looked at our records, saw what he had purchased for her in 2008 and knew exactly what his wife would like – then we emailed five suggestions, and he selected one and within 24 hours his wife had lovely opal and diamond earrings from TAYMA for her birthday in Phuket!”

“On another occasion, a girl rang from London as she was getting engaged she wanted a diamond. She had researched on our website and told me exactly what she wanted. I found three diamonds for her to choose from. She arrived from London on the Saturday morning, came to the shop, chose her diamond and we designed and hand-made the ring within six hours and she flew out at 7 pm delighted!”

www.taymajewellery.com

TAYMA


Tayma Page Allies is a British designer of fine jewellery who established her individual brand of exotic gems in Hong Kong 25 years ago – with no stock, no backers, no Chinese language skills, and no official premises.

Today her luxurious shop in the former British colony’s prestigious Prince’s Building opposite the Mandarin Oriental hotel rubs shoulders with the likes of Van Cleef and Arpels, Bulgari, Cartier and Chanel as the only independent boutique jewellery maker designing handmade, unique pieces crafted from wax mould to silver and then finally gold.

Integrity of the product is the core DNA of the brand with each gemstone personally sourced by Tayma and each with a clear provenance and independent gemmological certificate. Over the years she has established access to suppliers of the best gemstones in the world, including lapidaries and mine-owners with archives of rough crystals from old or closed mines. Thus a newly-cut TAYMA gemstone could be from a mine which has been closed for 50 years. She has also introduced rare and exotic gemstones to the Hong Kong market: Rubellite tourmaline in 1995; Watermelon tourmalines in 1997; Paraiba tourmaline in 2005, and Spessartite garnet in 2007.

According to Tayma: “My favourite clients are professional women who treat themselves to a gift of jewellery to celebrate a bonus, a milestone, a new job, a personal anniversary etc. They go to a party wearing their TAYMA piece which starts a conversation…which leads to a relationship…which leads to an engagement…they become

more interesting as their style and taste is admired. It’s happened many times that TAYMA jewellery has changed someone’s life.”

Because TAYMA designs with unique, carefully selected coloured gemstones and pearls, it is impossible to copy the original creation, even if the mounting can be copied. “Most imitators copy because they want to offer a cheaper product but an imitation is always a poor comparison because I use only the best diamonds, quality gold, and experienced goldsmiths – and I never cut corners. Sometimes I remake a ring four times to ensure its perfection...quality and integrity is the core of my business.

My jewellery is treasured and handed down with pride as an original TAYMA. The competition have access

to my designs (through my calendars, for instance) and often try to reproduce them – but the jewels I use for my designs are unique and irreplaceable – a pair is rare!”

TAYMA had an international upbringing and early work experience included schooling in

Trinidad, Malta and the UK and teaching in Lagos and Nigeria. After work experience in the events/conference industry in Russia and China (which saw her travelling to Beijing in 1985 in the days when a blue-eyed blonde British single girl was still a novelty), she ended up in Hong Kong “with one navy blazer, £50, a return ticket and small suitcase – nowhere to live, and no job” She then got a job with a local corporate PR agency handling clients such as the Mandarin Oriental Hotel Group.

One day whilst working, she “noticed a jewellery company in the same building so I knocked on the door and convinced them to


let me in and ended up designing three rings. Two weeks later I went out to lunch with two girlfriends and got two orders on the spot. That led to me to me designing Gretel Packer’s (Kerry Packer’s daughter) engagement ring. I kept the day PR job but found I was increasingly designing jewellery for friends.”

In 1990 she set up Tayma Page & Associates when she won a contract to organise fashion shows in China for French fashion house Montagut incorporating models, choreography, advertising, promotion, venue, lighting etc. She spent three years organising shows in Beijing, Dalian and Shanghai then realised that “70% of my time was spent on fashion shows for 30% return and 30% time on jewellery for 70% return”.

In HK at that time, it was possible to find hand-workers and goldsmiths to make rings and earrings for very little cost “so I spent every weekend re-designing my 21st birthday aquamarine and diamond ring and making pieces for myself…all my friends (like Annabel Heseltine) loved them and asked me to make some for them. I was really taken with freshwater pearls, in those days they looked like coloured Rice Crispies, so I had an old local man who went to a farm in China to buy the best quality for me. With these I designed beautiful extra-long multi-strands of seed pearls to wear as necklaces and bracelets, interchangeable to five different styles. I always had one round my neck and one in my bag. People loved those pearls and are still wearing them today. It was this ‘seed’ pearl money of about HK$10,000 (£1,000 today) that paid for my gemmology lessons and with which I was able to buy my first gemstones.”

After studying gemmology for four years, TAYMA decided to concentrate on jewellery full time and opened a small shop in Lan Kwai Fong in Central Hong Kong. She was just 30 when she established her own business.

In the early days, TAYMA was a one-man-band…“doing round-the-world trips on United and BA Concorde to take in the main trunk shows in LA, San Francisco, New York, London, Paris, South of France in the summer. My sister worked for ABC News in London, so I went to ABC, CNN in New York and sold jewellery to many presenters and producers like Barbara Walters, etc.”

For TAYMA’s loyal clientele, nothing is too much trouble: “A man rang the other day from China: it was his wife’s birthday the next day and she was in Thailand. He wanted to choose a gift, send his friend to the shop in HK to pick up the jewellery and his friend would fly to Thailand and meet the husband there. We looked at our records, saw what he had purchased for her in 2008 and knew exactly what his wife would like – then we emailed five suggestions, and he selected one and within 24 hours his wife had lovely opal and diamond earrings from TAYMA for her birthday in Phuket!”

“On another occasion, a girl rang from London as she was getting engaged she wanted a diamond. She had researched on our website and told me exactly what she wanted. I found three diamonds for her to choose from. She arrived from London on the Saturday morning, came to the shop, chose her diamond and we designed and hand-made the ring within six hours and she flew out at 7 pm delighted!”

www.taymajewellery.com

TAYMA



Polo is arguably the oldest recorded team sport in known history, with the first matches being played in Persia over 2500 years ago. Initially thought to have been created by competing tribes of Central Asia, it was quickly taken up as a training method for the King’s elite cavalry. These matches could resemble a battle with up

to 100 men to a side.

As mounted armies swept back and forth across this part of the world, conquering and re-conquering, polo was adopted as the most noble of pastimes by the Kings and Emperors, Shahs and Sultans, Khans and Caliphs of the ancient Persians, Arabs, Mughals, Mongols and Chinese. It was for this reason it became known across the lands as “the game of kings”.

British officers themselves re-invented the game in 1862 after seeing a horsemanship exhibition in Manipur, India. The sport was introduced into England in 1869, and seven years later sportsman James Gordon Bennett imported it to the United States. After 1886, English and American teams occasionally met for the International Polo Challenge Cup. Polo was on several Olympic Games schedules, but was last an Olympic sport in 1936.

Polo continues, as it has done for so long, to represent the pinnacle of sport, and reaffirms the special bond between horse and rider. The feeling of many of its players are epitomized by a famous verse inscribed on a stone tablet next to a polo ground in Gilgit, Pakistan: “Let others play at other things. The king of games is still the game of kings.”

To cater for this magnificent sport Polo Club Ascona was launched in 2010 by Margit Sauer, Marco Styger and Uwe Zimmerman.

From the 17th-19th July they will host the 6th Hublot Polo tournament by Lake Maggiore in the canton of Ticino, Switzerland. A wonderful setting which is a perfect place to mingle, meet friends, socialise and do business whilst watching world class polo. Ascona has marked its place as one for its glamour and style and the Hublot Polo has become an established part of the Swiss calendar.

2014 saw Russia partner with the event bringing bearskin caps, mountains of caviar and plenty of vodka which was a lovely addition to the event. The chosen charity was the “Peace & Harmony foundation” that looks after disadvantaged children in the rural areas of Russia and donations were given to Elmira Shcherbakova and the head ambassador from the Russian Embassy in Switzerland, Konstantin Nefedov. This year’s partner country will be Helvetia from São Paulo, Brazil.

“We expect over 4,000 guests to fly in exclusively for this event.” For further details please contact Polo Club Ascona.

| LUXURY


Polo is arguably the oldest recorded team sport in known history, with the first matches being played in Persia over 2500 years ago. Initially thought to have been created by competing tribes of Central Asia, it was quickly taken up as a training method for the King’s elite cavalry. These matches could resemble a battle with up

to 100 men to a side.

As mounted armies swept back and forth across this part of the world, conquering and re-conquering, polo was adopted as the most noble of pastimes by the Kings and Emperors, Shahs and Sultans, Khans and Caliphs of the ancient Persians, Arabs, Mughals, Mongols and Chinese. It was for this reason it became known across the lands as “the game of kings”.

British officers themselves re-invented the game in 1862 after seeing a horsemanship exhibition in Manipur, India. The sport was introduced into England in 1869, and seven years later sportsman James Gordon Bennett imported it to the United States. After 1886, English and American teams occasionally met for the International Polo Challenge Cup. Polo was on several Olympic Games schedules, but was last an Olympic sport in 1936.

Polo continues, as it has done for so long, to represent the pinnacle of sport, and reaffirms the special bond between horse and rider. The feeling of many of its players are epitomized by a famous verse inscribed on a stone tablet next to a polo ground in Gilgit, Pakistan: “Let others play at other things. The king of games is still the game of kings.”

To cater for this magnificent sport Polo Club Ascona was launched in 2010 by Margit Sauer, Marco Styger and Uwe Zimmerman.

From the 17th-19th July they will host the 6th Hublot Polo tournament by Lake Maggiore in the canton of Ticino, Switzerland. A wonderful setting which is a perfect place to mingle, meet friends, socialise and do business whilst watching world class polo. Ascona has marked its place as one for its glamour and style and the Hublot Polo has become an established part of the Swiss calendar.

2014 saw Russia partner with the event bringing bearskin caps, mountains of caviar and plenty of vodka which was a lovely addition to the event. The chosen charity was the “Peace & Harmony foundation” that looks after disadvantaged children in the rural areas of Russia and donations were given to Elmira Shcherbakova and the head ambassador from the Russian Embassy in Switzerland, Konstantin Nefedov. This year’s partner country will be Helvetia from São Paulo, Brazil.

“We expect over 4,000 guests to fly in exclusively for this event.” For further details please contact Polo Club Ascona.

| LUXURY


Informations and RSVP: [email protected]

17-19 July 2015save the date

6° Hublot Polo Cup Ascona

Switzerland meets Brazil

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sDes

igne

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How did Podium Swiss start?We started our business in 1978, when the kitchen was first being seen as a primary element of the private home. At the time retro was at the forefront and the kitchen was blocked from view. Kitchens were a work space with the sole function of food preparation. This approach was omnipresent and there were few colors or materials available to choose from. Appliances at the time were simply oven, hob, fridge and freezer. Although we offered German and Italian kitchen equipment, we soon realized that customers in Switzerland had much higher expectations. With courage, we decided to invest in production equipment and in a new building in Cadenazzo. We purchased high tech industrial machines and reserved a special area for handmade manufacturing. When production started in 1980, we produced just one-thousand kitchens. Our goal was to build high quality kitchens, with better finishings and a greater attention to detail, with a wide

choice of colour and design. Since then, we’ve built more than eighty thousand private space elements – including kitchens and furniture for bathrooms, living rooms, bedrooms, bars, and entrances.

Do you think the role of the kitchen in a home has changed a lot since you started designing?My background is in fashion design, so I am very sensitive to style, colour, and material. In 25 years working in interior design, I’ve seen an incredible amount of change, innovation and new technology. Today’s kitchens are unique, with magnificent workspaces that are much more than just a place to cook. We can now also create the total look of a home: bathrooms, entrances, wardrobes with sliding doors, libraries, sideboards, pantries and laundry room elements. The appliances presently available make it easier to cook for family and friends: diversified options for hob, oven and fridge, as well as shock freezer, wine cooler, and quooker and soda maker

directly from the water tap. It’s fantastic. Today the kitchen is the most prestigious living space. It is the heart of the home, a space to manage payments, carry out family tasks, educate children. It’s a place for preparing meals as well as entertaining and the most sensual central room where most of our private life plays out. Thus the most notable change has been placing the kitchen in the living room, like a work of art to show and share with friends. The kitchen is the main stage for family and friendship, a cocoon in one’s home.

Where do you get the main source of creative inspiration for your designs?We live near Milan, Verona and Cologne, where the biggest furniture trade shows take place. Attending is a must in order to see what’s new and to enable us to decide which direction to take with coming trends. Curiosity is essential as well as perusing the most esteemed architectural magazines, keeping one’s eyes open and intuiting emerging cultural trends.

This is where the energy and vibrancy are. Concepts, designs, materials and colour combinations are already there just waiting to be recognized. Art is taking these elements and combining them in surprisingly creative ways. This movement is the spiral of design.

Where do your source materials come from?Material suppliers need to be close, preferably from Switzerland or from nearby European countries. We always take a close look at the material we use, which has to be of high quality but also has to have a “soul”, because it is a part of the private home, like a second skin. The material and products we use have to be pure nature, ecological, lasting and sustainable. We also ensure child labour is forbidden in production, no animal testing, and minimal chemical use.

How do you feel the kitchen of the future will look?The future is both a step towards tomorrow and emergent from the past. There will be new colour combinations, innovative

materials, and creative architectural planning choices, completely different from what we are used to right now. Styles will be warmer and cosier for a greater feeling of being at home. After a long period of minimalism, we now prefer the kitchen with some elements of vintage, with open libraries and shelves. We like to show our collections. We want to interpret and express ourselves with style. This is why we manufacture our kitchens in a way that allows both architects and private customers to realise their own desires. A new way of communicating is present, giving a vibrant impression of energy in motion rather than fixed objects. Now that the kitchen is in the middle of our living space, we see it as the vortex of life, the continuation of past vitality. Today we prefer to have more appliances and equipment: we are much more organized, with technical innovations and computer directed suppliers. Because we are so active in our professional lives, time is both rare and expensive. Time is alchemized into colour: gold, champagne, silver, blue, brown like cognac and whiskey and silky white and warm like chocolate nougat, which are combined with wooden materials

laced with soft tones of grey or with a transparent varnish.

The 6th Hublot polo Cup Ascona 2015 is going to be superb, tell us why you love being involved in this event.The 2014 polo event was incredibly successful. The summer was alive in the ever-glory of Ascona, with wonderful people in fancy places, enjoying themselves and having fun by the lake and in the surrounding valleys, sitting in one of the garden restaurants, having fruit drinks and our famous risotto. The Polo Cup is a special opportunity to get to know interesting people from all over the world. There is a wonderful social aspect to polo; looking at the most beautiful horses and players together, enjoying excellent food and delightful night parties along the beach. It’s a unique event and a great place to make new personal and business connections, everything at fever pitch.

Adelheid Bernasconi Seeger Art & Design DirectorPODIUM SWISS SA

www.podiumswiss.ch


Podium Swiss sponsors of the 6th Hublot Polo Cup Ascona Podium Swiss where design and craftsmanship are unparalleled

Podium Swiss Luxury Kitchens


Informations and RSVP: [email protected]

17-19 July 2015save the date

6° Hublot Polo Cup Ascona

Switzerland meets Brazil

© E

vent

sDes

igne

r

How did Podium Swiss start?We started our business in 1978, when the kitchen was first being seen as a primary element of the private home. At the time retro was at the forefront and the kitchen was blocked from view. Kitchens were a work space with the sole function of food preparation. This approach was omnipresent and there were few colors or materials available to choose from. Appliances at the time were simply oven, hob, fridge and freezer. Although we offered German and Italian kitchen equipment, we soon realized that customers in Switzerland had much higher expectations. With courage, we decided to invest in production equipment and in a new building in Cadenazzo. We purchased high tech industrial machines and reserved a special area for handmade manufacturing. When production started in 1980, we produced just one-thousand kitchens. Our goal was to build high quality kitchens, with better finishings and a greater attention to detail, with a wide

choice of colour and design. Since then, we’ve built more than eighty thousand private space elements – including kitchens and furniture for bathrooms, living rooms, bedrooms, bars, and entrances.

Do you think the role of the kitchen in a home has changed a lot since you started designing?My background is in fashion design, so I am very sensitive to style, colour, and material. In 25 years working in interior design, I’ve seen an incredible amount of change, innovation and new technology. Today’s kitchens are unique, with magnificent workspaces that are much more than just a place to cook. We can now also create the total look of a home: bathrooms, entrances, wardrobes with sliding doors, libraries, sideboards, pantries and laundry room elements. The appliances presently available make it easier to cook for family and friends: diversified options for hob, oven and fridge, as well as shock freezer, wine cooler, and quooker and soda maker

directly from the water tap. It’s fantastic. Today the kitchen is the most prestigious living space. It is the heart of the home, a space to manage payments, carry out family tasks, educate children. It’s a place for preparing meals as well as entertaining and the most sensual central room where most of our private life plays out. Thus the most notable change has been placing the kitchen in the living room, like a work of art to show and share with friends. The kitchen is the main stage for family and friendship, a cocoon in one’s home.

Where do you get the main source of creative inspiration for your designs?We live near Milan, Verona and Cologne, where the biggest furniture trade shows take place. Attending is a must in order to see what’s new and to enable us to decide which direction to take with coming trends. Curiosity is essential as well as perusing the most esteemed architectural magazines, keeping one’s eyes open and intuiting emerging cultural trends.

This is where the energy and vibrancy are. Concepts, designs, materials and colour combinations are already there just waiting to be recognized. Art is taking these elements and combining them in surprisingly creative ways. This movement is the spiral of design.

Where do your source materials come from?Material suppliers need to be close, preferably from Switzerland or from nearby European countries. We always take a close look at the material we use, which has to be of high quality but also has to have a “soul”, because it is a part of the private home, like a second skin. The material and products we use have to be pure nature, ecological, lasting and sustainable. We also ensure child labour is forbidden in production, no animal testing, and minimal chemical use.

How do you feel the kitchen of the future will look?The future is both a step towards tomorrow and emergent from the past. There will be new colour combinations, innovative

materials, and creative architectural planning choices, completely different from what we are used to right now. Styles will be warmer and cosier for a greater feeling of being at home. After a long period of minimalism, we now prefer the kitchen with some elements of vintage, with open libraries and shelves. We like to show our collections. We want to interpret and express ourselves with style. This is why we manufacture our kitchens in a way that allows both architects and private customers to realise their own desires. A new way of communicating is present, giving a vibrant impression of energy in motion rather than fixed objects. Now that the kitchen is in the middle of our living space, we see it as the vortex of life, the continuation of past vitality. Today we prefer to have more appliances and equipment: we are much more organized, with technical innovations and computer directed suppliers. Because we are so active in our professional lives, time is both rare and expensive. Time is alchemized into colour: gold, champagne, silver, blue, brown like cognac and whiskey and silky white and warm like chocolate nougat, which are combined with wooden materials

laced with soft tones of grey or with a transparent varnish.

The 6th Hublot polo Cup Ascona 2015 is going to be superb, tell us why you love being involved in this event.The 2014 polo event was incredibly successful. The summer was alive in the ever-glory of Ascona, with wonderful people in fancy places, enjoying themselves and having fun by the lake and in the surrounding valleys, sitting in one of the garden restaurants, having fruit drinks and our famous risotto. The Polo Cup is a special opportunity to get to know interesting people from all over the world. There is a wonderful social aspect to polo; looking at the most beautiful horses and players together, enjoying excellent food and delightful night parties along the beach. It’s a unique event and a great place to make new personal and business connections, everything at fever pitch.

Adelheid Bernasconi Seeger Art & Design DirectorPODIUM SWISS SA

www.podiumswiss.ch


Podium Swiss sponsors of the 6th Hublot Polo Cup Ascona Podium Swiss where design and craftsmanship are unparalleled

Podium Swiss Luxury Kitchens


INTRODUCING THE

Rolls-Royce Ghost seRies ii

| LUXURY

Rolls-Royce Ghost Series II. The ultimate expression of modern dynamism and luxury. Dramatic yet graceful. Effortlessly simple

with cutting-edge technology. Ghost is the essence of Rolls-Royce in its simplest, purest form. Advanced engineering combined with a host of hidden technologies create a dynamic yet luxurious drive.

Every detail has been meticulously designed to create a dynamic feel - from the modern finishes to the contrast leather highlights. However, nothing will distract from the pleasure of driving. The new seats have been carefully sculpted to ensure you are in the perfect position and the controls are at your fingertips for effortless driving. Wherever your journey takes you.

The twin-turbo, 6.6 litres, V12 engine takes Ghost from 0-62 mph in a mere 4.9 seconds. This pure power is now beautifully

accented by a wake, which elegantly tapers behind the Spirit of Ecstasy. So you can effortlessly surge through the world, following in her path.

When it comes to innovation, simplicity is key. With the Spirit of Ecstasy Rotary Controller you can access directions, the internet or music and even scribe letters onto the touchpad with a mere swipe of your finger. You can enter navigation instructions or call up contacts simply by using your voice.

To make the interior more distinctive, you can add alternative wood veneers in numerous combinations or inlay a motif. Our Bespoke team will do everything they can to accommodate your wishes, from the smallest details to the boldest statements.

www.rolls-roycemotorcars.com


INTRODUCING THE

Rolls-Royce Ghost seRies ii

| LUXURY

Rolls-Royce Ghost Series II. The ultimate expression of modern dynamism and luxury. Dramatic yet graceful. Effortlessly simple

with cutting-edge technology. Ghost is the essence of Rolls-Royce in its simplest, purest form. Advanced engineering combined with a host of hidden technologies create a dynamic yet luxurious drive.

Every detail has been meticulously designed to create a dynamic feel - from the modern finishes to the contrast leather highlights. However, nothing will distract from the pleasure of driving. The new seats have been carefully sculpted to ensure you are in the perfect position and the controls are at your fingertips for effortless driving. Wherever your journey takes you.

The twin-turbo, 6.6 litres, V12 engine takes Ghost from 0-62 mph in a mere 4.9 seconds. This pure power is now beautifully

accented by a wake, which elegantly tapers behind the Spirit of Ecstasy. So you can effortlessly surge through the world, following in her path.

When it comes to innovation, simplicity is key. With the Spirit of Ecstasy Rotary Controller you can access directions, the internet or music and even scribe letters onto the touchpad with a mere swipe of your finger. You can enter navigation instructions or call up contacts simply by using your voice.

To make the interior more distinctive, you can add alternative wood veneers in numerous combinations or inlay a motif. Our Bespoke team will do everything they can to accommodate your wishes, from the smallest details to the boldest statements.

www.rolls-roycemotorcars.com

The Gulfstream G650 As featured in last month’s H edition, the jet with the huge wait list has very few models available but there are now 4 G650’s listed for sale on AvBuyer.com. The ultra-high speed, ultra-long-range Gulfstream G650 flies faster and farther than any business jet available today. It is also the quietest jet in its class. The G650 seats up to 18 passengers. It has a cruise speed of Mach 0.85 to 0.90, with maximum speed of Mach 0.925 and a range of up to 7,000 nmi (13,000 km). The G650 can fly passengers from LA to New York in four hours or fly nonstop from LA to Paris in under nine hours.

From US$72,000,000

Find out more about the G650 for sale from AvJet http://bit.ly/1AcTYM1

This month AvBuyer highlight some of the latest new and pre-owned jets for sale worldwide.

Private Jets For sale

The Falcon 7x This model has only got 2 years on the clock and is Falcon’s current flagship model. Configured for 14 passengers, the 7x has a range of 11,000km (5,940nm) and can easily fly intercontinental city pairs such as Hong Kong to Paris effortlessly. With the latest high speed connectivity, the interior design and exterior paint has been customized by Pegasus Design. It has reached the highest standards of design, engineering and workmanship. Great care has been taken in selecting and matching finishes and colours to increase the feeling of comfort and softness, which is produced by the mix of beige coloured seats, cushions and the wood.

From US$36,950,000

Find out more about the Falcon 7x from Global Jet Monaco http://bit.ly/1xadozR

For the latest jets for sale visit www.avbuyer.com


Bombardier Global 6000, s/n 9583This ultra-long range jet takes its name from its flight range, up to 6,000nm and can fly non-stop from London to Mumbai. This new Global 6000 was delivered at the end of Aug. 2014, and is ready for immediate delivery. The seller is focused on getting this sold and is ready to review all reasonable offers and find a buyer! It features the latest state-of-the-art cockpit with the revolutionary Bombardier Vision Flight Deck which provides pilots with unprecedented levels of convenience, comfort and control. It can carry 13 passengers in three distinct seating sections including an aft cabin executive suite, plus a crew rest.

From US$52,750,000

For more aircraft like this visit http://bit.ly/1NEejD7

| LUXURY

The Gulfstream G650 As featured in last month’s H edition, the jet with the huge wait list has very few models available but there are now 4 G650’s listed for sale on AvBuyer.com. The ultra-high speed, ultra-long-range Gulfstream G650 flies faster and farther than any business jet available today. It is also the quietest jet in its class. The G650 seats up to 18 passengers. It has a cruise speed of Mach 0.85 to 0.90, with maximum speed of Mach 0.925 and a range of up to 7,000 nmi (13,000 km). The G650 can fly passengers from LA to New York in four hours or fly nonstop from LA to Paris in under nine hours.

From US$72,000,000

Find out more about the G650 for sale from AvJet http://bit.ly/1AcTYM1

This month AvBuyer highlight some of the latest new and pre-owned jets for sale worldwide.

Private Jets For sale

The Falcon 7x This model has only got 2 years on the clock and is Falcon’s current flagship model. Configured for 14 passengers, the 7x has a range of 11,000km (5,940nm) and can easily fly intercontinental city pairs such as Hong Kong to Paris effortlessly. With the latest high speed connectivity, the interior design and exterior paint has been customized by Pegasus Design. It has reached the highest standards of design, engineering and workmanship. Great care has been taken in selecting and matching finishes and colours to increase the feeling of comfort and softness, which is produced by the mix of beige coloured seats, cushions and the wood.

From US$36,950,000

Find out more about the Falcon 7x from Global Jet Monaco http://bit.ly/1xadozR

For the latest jets for sale visit www.avbuyer.com


Bombardier Global 6000, s/n 9583This ultra-long range jet takes its name from its flight range, up to 6,000nm and can fly non-stop from London to Mumbai. This new Global 6000 was delivered at the end of Aug. 2014, and is ready for immediate delivery. The seller is focused on getting this sold and is ready to review all reasonable offers and find a buyer! It features the latest state-of-the-art cockpit with the revolutionary Bombardier Vision Flight Deck which provides pilots with unprecedented levels of convenience, comfort and control. It can carry 13 passengers in three distinct seating sections including an aft cabin executive suite, plus a crew rest.

From US$52,750,000

For more aircraft like this visit http://bit.ly/1NEejD7

| LUXURY


| TRAVEL

The Resort Collina d’Oro covers an area of 250,000 square metres and is located in the so-called Collina d’Oro, on a hilltop, at an altitude of

500 meters to the south of Lugano, Switzerland. An enchanting landscape surrounded by lush nature and bathed in sunlight most of the year, with

breath-taking panoramic views over the Alps and the lake.

ResoRt

Collina D’oRo


| TRAVEL

The Resort Collina d’Oro covers an area of 250,000 square metres and is located in the so-called Collina d’Oro, on a hilltop, at an altitude of

500 meters to the south of Lugano, Switzerland. An enchanting landscape surrounded by lush nature and bathed in sunlight most of the year, with

breath-taking panoramic views over the Alps and the lake.

ResoRt

Collina D’oRo


The famous Italian architect Ettore Mocchetti, editor of the prestigious magazine AD Architectural Digest, was responsible for the interior

design of the building, officially inaugurated in March 2013.

Here guests can choose among 16 double rooms and 30 suites, all elegantly furnished, bright and airy; the brown oak floor and the creamy Mazzaro limestone in the bathrooms convey a warm and stylish atmosphere, enriched by enchanting panoramic views over the lake and the park.

The Resort includes also 43 luxury apartments, real architectural jewels with surfaces varying from 130 to 400 square metres, which can be either bought or rented for short as well as long-term periods. They are the ideal solution for those who need privacy without renouncing to hotel services. Big windows, loggias, private gardens and all the magnificent elements of the building, are harmonically combined with modern architectural styles and innovative technologies.

Immersed in nature and tranquillity, the SPA & Fitness Centre of the Resort Collina d’Oro is the ideal place to unwind from the stress of daily life and indulge in pure relaxation. Easily accessible to both apartment owners and hotel guests, the centre includes outdoor and indoor pools, Turkish bath, Finnish sauna, multi-sensory showers, Kneipp Path and a modern gym with personal trainer, equipped with the latest generation Technogym training facilities. In the 1’000-square-meter-big SPA there are also numerous treatment rooms to make guests enjoy moments of pure relaxation and wellbeing thanks to different kinds of massages, mud treatments, oxygen- and hydrotherapy, aesthetic treatments and the innovative Floating Therapy, a one-man pool

filled with a high saturation of salts, which has particularly effective therapeutic and regenerative effects.

In an elegant and welcoming atmosphere, the Hotel Restaurant offers Mediterranean dishes inspired by a light cuisine which is both healthy and refined at the same time, enriched by the seasonal vegetables from the organic garden located in the park of the Resort and by an exclusive wine list, which also includes the red wine “Collina d’Oro” produced using the grapes of the Resort’s vineyard.

The Honesty Bar is the ideal location for an afternoon tea or a tasty drink and, during the warm season, it is even possible to enjoy delicious snacks and drinks at the Pool House Restaurant near the swimming pool, to indulge in pure relaxation lulled by the gentle sounds of nature.

The Resort Collina d’Oro also offers two modern meeting rooms suitable for meetings, conventions and all kinds of events, with natural light, wide windows and all the necessary technical equipment.

The Collina d’Oro has been portrayed by writes and artists, among which the Nobel Prize in Literature Hermann Hesse, who lived for more than forty years in this magical location, where the colours and sinuous forms of the mountains merge into the pure water of the lake: a peace of heaven where to regain quiet and serenity.

The Resort Collina d’Oro is located in this charming setting, surrounded by an enchanting natural landscape with breath-taking panoramic views over the greenery of the hills and the clear waters of the lake.

The ideal destination to spend a restorative holiday, but also a marvellous place to live: the perfect location to enjoy an unforgettable experience.


| TRAVEL

www.resortcollinadoro.com


The famous Italian architect Ettore Mocchetti, editor of the prestigious magazine AD Architectural Digest, was responsible for the interior

design of the building, officially inaugurated in March 2013.

Here guests can choose among 16 double rooms and 30 suites, all elegantly furnished, bright and airy; the brown oak floor and the creamy Mazzaro limestone in the bathrooms convey a warm and stylish atmosphere, enriched by enchanting panoramic views over the lake and the park.

The Resort includes also 43 luxury apartments, real architectural jewels with surfaces varying from 130 to 400 square metres, which can be either bought or rented for short as well as long-term periods. They are the ideal solution for those who need privacy without renouncing to hotel services. Big windows, loggias, private gardens and all the magnificent elements of the building, are harmonically combined with modern architectural styles and innovative technologies.

Immersed in nature and tranquillity, the SPA & Fitness Centre of the Resort Collina d’Oro is the ideal place to unwind from the stress of daily life and indulge in pure relaxation. Easily accessible to both apartment owners and hotel guests, the centre includes outdoor and indoor pools, Turkish bath, Finnish sauna, multi-sensory showers, Kneipp Path and a modern gym with personal trainer, equipped with the latest generation Technogym training facilities. In the 1’000-square-meter-big SPA there are also numerous treatment rooms to make guests enjoy moments of pure relaxation and wellbeing thanks to different kinds of massages, mud treatments, oxygen- and hydrotherapy, aesthetic treatments and the innovative Floating Therapy, a one-man pool

filled with a high saturation of salts, which has particularly effective therapeutic and regenerative effects.

In an elegant and welcoming atmosphere, the Hotel Restaurant offers Mediterranean dishes inspired by a light cuisine which is both healthy and refined at the same time, enriched by the seasonal vegetables from the organic garden located in the park of the Resort and by an exclusive wine list, which also includes the red wine “Collina d’Oro” produced using the grapes of the Resort’s vineyard.

The Honesty Bar is the ideal location for an afternoon tea or a tasty drink and, during the warm season, it is even possible to enjoy delicious snacks and drinks at the Pool House Restaurant near the swimming pool, to indulge in pure relaxation lulled by the gentle sounds of nature.

The Resort Collina d’Oro also offers two modern meeting rooms suitable for meetings, conventions and all kinds of events, with natural light, wide windows and all the necessary technical equipment.

The Collina d’Oro has been portrayed by writes and artists, among which the Nobel Prize in Literature Hermann Hesse, who lived for more than forty years in this magical location, where the colours and sinuous forms of the mountains merge into the pure water of the lake: a peace of heaven where to regain quiet and serenity.

The Resort Collina d’Oro is located in this charming setting, surrounded by an enchanting natural landscape with breath-taking panoramic views over the greenery of the hills and the clear waters of the lake.

The ideal destination to spend a restorative holiday, but also a marvellous place to live: the perfect location to enjoy an unforgettable experience.


| TRAVEL

www.resortcollinadoro.com

London’s most exclusive jet-set lifestyle event

www.TheEliteEvents.com

8TH - 9TH MAY 2015LONDON BIGGIN HILL AIRPORT

Featuring over 100 luxury lifestyle brandsChampagne reception . Fine cuisine . Supercar test drives

MEDIA PARTNER

LONDON LIFE | BUSINESS | EVENTS | INTERVIEWS | LUXURY

LONDONwww.heditionmagazine.com

MOTHERS DAY GIFT GUIDEIn association with Selfridges

LONDON LIVINGMake the most of London

HOT NEW CHEF ON THE BLOCKMaria Tampakis, Head Chef of Heddon Street Kitchen

AFTERNOON DELIGHTThe Langham Afternoon Tea with Wedgwood


Gallery Mess Located within the Saatchi Gallery just off King’s Road, Gallery Mess offers excellent food within a beautiful setting and charming atmosphere – The seasonal menu is provided by award-winning Rhubarb Food Design. Whole Lobster with Lemon Butter; Venison Fillet with juniper jus sauce; and Butternut Tortellini are just some of the dishes on offer. The restaurant also benefits from a wonderful al fresco terrace, where you can sit back and enjoy delights from the Afternoon Tea menu.

King’s Road, The Duke of York Square, SW3 www.saatchigallery.com

London Living What to do

Where to eat

M A K E T H E M O S T O F L O N D O N

InventInG IMpressIonIsM In a unique collaboration with the Musée d’Orsay, Paris, and the Philadelphia Museum of Art, ‘Inventing Impressionism’ features 85 masterpieces from the movement, all but one having passed through Durand-Ruel’s hands, including three of Renoir’s famous ‘Dances’ and five from Monet’s ‘Poplars’ series, alongside rare photographs from Durand-Ruel’s life.

4 March-31 May National Gallery, Trafalgar Square, WC2N www.nationalgallery.org.uk

rIse and fall of the cIty of MahaGonnyJohn Fulljames presents a new production of Bertolt Brecht and Kurt Weill’s furiously impassioned operatic satire on consumerism.

10 March-4 April Royal Opera House, Bow Street, WC2E www.roh.org.uk

alexander McQueen Celebrating the extraordinary creative talent of one of the most innovative designers of recent times, Alexander McQueen: Savage Beauty will be the first and largest retrospective of McQueen’s work to be presented in Europe.

14 March-19 July V&A, Cromwell Road, SW7 www.vam.ac.uk

rIchard dIebenkorn The works of one of America’s finest abstract painters, Richard Diebenkorn, has come to the RA for the first time in 20 Years. Revered as one of the great post-war masters in his native United States, Richard Diebenkorn is an artist whose staunchly independent career takes us from abstraction to figuration and back again.

14 March-7 June Royal Academy, Piccadilly, W1J www.royalacademy.org.uk

hofesh shechter/ royal ballet Hofesh Shechter brings his visceral, urgent language to The Royal Ballet in his first work for the Company.


the art of the brIck New York-based artist Nathan Sawaya’s exhibition is created with millions of LEGO building blocks and is unique in its scope which ranges from new conceptual pieces to replicas of iconic classical artwork. This travelling exhibition is one of the most extraordinary and an innovative exhibition in recent memory and it speaks to all ages.

Until 12 April, Old Truman Brewery, Brick Lane, E1 www.artofthebrick.co.uk

salt and sIlver: early photoGraphy 1840-1860The first exhibition in Britain devoted to salted paper prints, one of the earliest forms of photography. A uniquely British invention, the technique transformed subjects into images with their own specific aesthetic and revolutionised photography

Until 7 June, Tate Britain, Millbank, SW1P www.tate.org.uk

defInInG beauty: the body In ancIent Greek artExperience the brilliance and diversity of ancient Greek art in this major exhibition focusing on the human body. The remarkable works of art in the exhibition range from abstract simplicity of prehistoric figurines to breath-taking realism in the age of Alexander the Great. These works continued to inspire artists for hundreds of years, giving form to thought and shaping our own perceptions of ourselves.

26 March-5 July British Museum, Great Russell Street, WC1B www.britishmuseum.org

JInJuuCelebrity chef Judy Joo recently opened her much-anticipated Korean small-plates restaurant in Carnaby’s Kingly Court, the iconic al-fresco food and dining destination in the heart of London’s West End. JinJuu will serve a Korean street food cuisine – Offering a menu of Korean comfort foods and a convivial way of eating.

15 Kingly Street, W1B www.jinjuu.com

sprInGMichelin starred Australian chef Skye Gyngell has recently opened her first solo venture within a beautiful dining space set in the New Wing of the iconic Somerset House, in the arts and cultural heart of London. ‘Spring’ will serve dishes guided by the changing seasons – offering a simple but memorably menu incorporating

the freshest of ingredients. Grilled Langoustine; Roasted turbot with porcini and bone marrow; and Fillet of beef with brown butter, anchovy and wild greens are just some of the seasonal dishes on the menu.

Somerset House, Lancaster Place Strand, WC2R www.springrestaurant.co.uk

Images courtesy of the Saatchi Gallery, London© Matthew Booth, 2009

For London Living

feature enquiries email

becky.cowing@

hamblemediacomms.com


Gallery Mess Located within the Saatchi Gallery just off King’s Road, Gallery Mess offers excellent food within a beautiful setting and charming atmosphere – The seasonal menu is provided by award-winning Rhubarb Food Design. Whole Lobster with Lemon Butter; Venison Fillet with juniper jus sauce; and Butternut Tortellini are just some of the dishes on offer. The restaurant also benefits from a wonderful al fresco terrace, where you can sit back and enjoy delights from the Afternoon Tea menu.

King’s Road, The Duke of York Square, SW3 www.saatchigallery.com

London Living What to do

Where to eat

M A K E T H E M O S T O F L O N D O N

InventInG IMpressIonIsM In a unique collaboration with the Musée d’Orsay, Paris, and the Philadelphia Museum of Art, ‘Inventing Impressionism’ features 85 masterpieces from the movement, all but one having passed through Durand-Ruel’s hands, including three of Renoir’s famous ‘Dances’ and five from Monet’s ‘Poplars’ series, alongside rare photographs from Durand-Ruel’s life.

4 March-31 May National Gallery, Trafalgar Square, WC2N www.nationalgallery.org.uk

rIse and fall of the cIty of MahaGonnyJohn Fulljames presents a new production of Bertolt Brecht and Kurt Weill’s furiously impassioned operatic satire on consumerism.


alexander McQueen Celebrating the extraordinary creative talent of one of the most innovative designers of recent times, Alexander McQueen: Savage Beauty will be the first and largest retrospective of McQueen’s work to be presented in Europe.

14 March-19 July V&A, Cromwell Road, SW7 www.vam.ac.uk

rIchard dIebenkorn The works of one of America’s finest abstract painters, Richard Diebenkorn, has come to the RA for the first time in 20 Years. Revered as one of the great post-war masters in his native United States, Richard Diebenkorn is an artist whose staunchly independent career takes us from abstraction to figuration and back again.

14 March-7 June Royal Academy, Piccadilly, W1J www.royalacademy.org.uk

hofesh shechter/ royal ballet Hofesh Shechter brings his visceral, urgent language to The Royal Ballet in his first work for the Company.


the art of the brIck New York-based artist Nathan Sawaya’s exhibition is created with millions of LEGO building blocks and is unique in its scope which ranges from new conceptual pieces to replicas of iconic classical artwork. This travelling exhibition is one of the most extraordinary and an innovative exhibition in recent memory and it speaks to all ages.

Until 12 April, Old Truman Brewery, Brick Lane, E1 www.artofthebrick.co.uk

salt and sIlver: early photoGraphy 1840-1860The first exhibition in Britain devoted to salted paper prints, one of the earliest forms of photography. A uniquely British invention, the technique transformed subjects into images with their own specific aesthetic and revolutionised photography

Until 7 June, Tate Britain, Millbank, SW1P www.tate.org.uk

defInInG beauty: the body In ancIent Greek artExperience the brilliance and diversity of ancient Greek art in this major exhibition focusing on the human body. The remarkable works of art in the exhibition range from abstract simplicity of prehistoric figurines to breath-taking realism in the age of Alexander the Great. These works continued to inspire artists for hundreds of years, giving form to thought and shaping our own perceptions of ourselves.

26 March-5 July British Museum, Great Russell Street, WC1B www.britishmuseum.org

JInJuuCelebrity chef Judy Joo recently opened her much-anticipated Korean small-plates restaurant in Carnaby’s Kingly Court, the iconic al-fresco food and dining destination in the heart of London’s West End. JinJuu will serve a Korean street food cuisine – Offering a menu of Korean comfort foods and a convivial way of eating.

15 Kingly Street, W1B www.jinjuu.com

sprInGMichelin starred Australian chef Skye Gyngell has recently opened her first solo venture within a beautiful dining space set in the New Wing of the iconic Somerset House, in the arts and cultural heart of London. ‘Spring’ will serve dishes guided by the changing seasons – offering a simple but memorably menu incorporating

the freshest of ingredients. Grilled Langoustine; Roasted turbot with porcini and bone marrow; and Fillet of beef with brown butter, anchovy and wild greens are just some of the seasonal dishes on the menu.

Somerset House, Lancaster Place Strand, WC2R www.springrestaurant.co.uk

Images courtesy of the Saatchi Gallery, London© Matthew Booth, 2009

For London Living

feature enquiries email

becky.cowing@

hamblemediacomms.com

www.heditionmagazine.com 51www.heditionmagazine.com50www.selfridges.com

Rosafolia CandleDiptyque£40.00

luxe a5 notebookStudio Sarah

£14.00

CubRik RolleR Pen

RhodiumCaran D’Ache

£133.00

mega knit blanket Hay

£207.00

Royal laRgefloweRs mug

Pip Studio£10.95

esPRit Rose ChamPagne 750mlSelfridges Selection

£30.99

moRning fRost bouquet Selfridges Selection

£60.00

27 PieCe editedChoColate ColleCtion

Selfridges Selection £24.99

VeRona glass teaPotwith infuseR

Brefemeijer £24.00

miRanda keRR thRee tieR Cake stand

Royal Albert £65.00

butteRfly bloomsandwiCh tRay 25cm

Wedgwood£50.00

Beautiful gift ideas for Mother’s Day in association with Selfridges

GIFT GUIDEMother’s Day

www.heditionmagazine.com 51www.heditionmagazine.com50www.selfridges.com

Rosafolia CandleDiptyque£40.00

luxe a5 notebookStudio Sarah

£14.00

CubRik RolleR Pen

RhodiumCaran D’Ache

£133.00

mega knit blanket Hay

£207.00

Royal laRgefloweRs mug

Pip Studio£10.95

esPRit Rose ChamPagne 750mlSelfridges Selection

£30.99

moRning fRost bouquet Selfridges Selection

£60.00

27 PieCe editedChoColate ColleCtion

Selfridges Selection £24.99

VeRona glass teaPotwith infuseR

Brefemeijer £24.00

miRanda keRR thRee tieR Cake stand

Royal Albert £65.00

butteRfly bloomsandwiCh tRay 25cm

Wedgwood£50.00

Beautiful gift ideas for Mother’s Day in association with Selfridges

GIFT GUIDEMother’s Day

The original ‘Grand Hotel’ has been delighting her guests since 1865. She exudes a timeless elegance,

blending a sense of the past with the style of today. She is a legendary hostess that captivates your senses

with her engaging finesse that bears the hallmarks of a rich heritage that spans three centuries.

She will conjure memories that will be talked of for time to come.

Discover The Langham, London: langhamlondon.com

1c Portland Place, Regent Street, London, W1B 1JA T 44 (0) 20 7965 0191

Style.Elevated.

LanghamPalmCrtGeneral A4 Master-2013.indd 1 03/09/2014 16:01


The Langham Afternoon TeaW i t h W e d g W o o d

The dazzling Palm Court is famed as the place where the tradition of afternoon tea was born over 140 years ago, an indulgence that lives on today as Tiffin at The Langham. We spent an afternoon experiencing the bespoke version of the afternoon tradition – “The Langham Afternoon Tea with Wedgwood” – serving Wedgwood specialty teas in tailor-made “Langham Rose” Wedgwood teaware.

We started with a delightful amuse bouche of red pepper brûlée with pine nuts, a range of finger sandwiches including smoked salmon with whipped brie and rocket, Chicken with tarragon mustard, Smoked ham with Comté cheese and white truffle oil alongside a warm selection of fresh scones with Devonshire clotted cream and strawberry preserve.

The tea menu was impressive and we picked our favourites from more than 20 varieties including The Langham blends created by Alex Probyn, Master of Tea and The Wedgwood blends – which ranged from favourite

traditional teas such as Earl Grey to rare and exclusive teas that have been lovingly sourced from ancient tea gardens by Wedgwood’s Master of Tea. Specialities such as infusions teas were also available. We settled for The Langham blend nicknamed the ‘champagne of teas’ and the sweet Peach with flowers, black china leaf tea.

The Langham of course saved the best till last, exquisite pastries inspired by Wedgwood collections were brought to the table as we looked on with delight. The beautifully crafted selection which included a delicious Kouglof, 64% chocolate, and raspberry and lightly roasted pistachio financier, white chocolate mousse, tropical jelly and dark chocolate sable resembling the Wedgwood Tea Cup. While a Strawberry and white balsamic Victoria sponge marked the white cameo on blue traditional colours. Not forgetting the gorgeous Hathaway Rose Motif which featured on the delicious English Rose and lychee log. A cinnamon shortbread cookie representing a teapot was the perfect finishing touch.

OYSTER PERPETUAL SKY-DWELLER

bucherer.com

14_1623_BUC_Ins_HEditionMag.indd 1 11.12.14 11:47

OYSTER PERPETUAL SKY-DWELLER

bucherer.com

14_1623_BUC_Ins_HEditionMag.indd 1 11.12.14 11:47


After working alongside some of the most respected chefs in the industry – from Garde Manger through to Head Chef , H Edition speaks to Maria Tampakis, the Head Chef of the

latest Gordon Ramsey restaurant, Heddon Street Kitchen: a bustling all-day restaurant and bar just off Regent Street.

Maria TampakisThe Rise of the Female Chef


Congratulations on your role. How does it feel to be one of many great female chefs at the Gordon Ramsay Group?I work with a phenomenal group of female chefs, in both the head chef role and below, and they have always been both motivation and support. I am fortunate to have opened Heddon Street Kitchen with two strong women on my management team as well.

What dining experience can we expect?Heddon Street Kitchen is the casual, fine dining, experience that people hope to enjoy. The service and the standards are set very high to ensure the ultimate dining experience. The food is modern European with a focus on British seasonal ingredients.

Heddon Street Kitchen opened in November 2014, how have the first few months treated you?The first few months have been a total thrill ride. We opened during the busiest time of the year in central London. It was a massive learning experience, in a managerial sense – balancing front of house creativity and ensuring the quality of the food, whilst managing a brigade of 35 young cooks, a large new business and handling media scrutiny of a new Gordon Ramsey restaurant.

You grew up in Brooklyn moved to London, and you’re also part of a large Greek family. Has this influenced your cooking style?My life has always been focused on food, whether it was at work or at home. Summers in Greece were spent cooking with my family, eating what was available locally. That idea of utilising what is local, now called ‘farm to table’ has always been the way that I have cooked. The food that I cook focuses on quality ingredients and straightforward cooking methods.

Which cuisines have had the most influence on you?Growing up as a Greek American, the foods of both cultures are held quite dear to my heart and I always rely on them.

Your mother is renowned pastry chef Michelle Tampakis. Was there ever a possibility of you being anything other than a chef?Quite frankly, no. Nothing was more exciting than helping out my mother with an event or a competition and then going over to my grandmother’s to help her with dinner.

What do you think are the biggest challenges facing female chefs today?I think there is still an idea and expectancy that top flight cooking is driven by men. This preconceived notion that it’s a man’s world and a man’s industry does not hold true the way it once did. The Gordon Ramsay Group has been known for encouraging female chefs to continue to persevere and prosper and I am extremely fortunate to know that I will always have his support.

If you could cook for, and dine with, anyone, who would that be?If I could have cooked and dined with anyone I would say Julia Child. She was such a staple in creating today’s food culture, as well as being a powerful woman in the hospitality industry.

How do you wind down after a long day? Even after a long day at work, I like to go home, get comfortable and make something warm and filling that I can enjoy whilst relaxing on the couch, watching some TV.

What keeps you awake at night?The thought of failure. When you finally have the opportunity for your dream to come true, the scariest thought is not succeeding. It’s the motivation that keeps me going every day.


Heddon Street Kitchen3-9 Heddon Street, Mayfair, London W1B 4BD

Reservations: 020 7592 1212www.gordonramsay.com


Congratulations on your role. How does it feel to be one of many great female chefs at the Gordon Ramsay Group?I work with a phenomenal group of female chefs, in both the head chef role and below, and they have always been both motivation and support. I am fortunate to have opened Heddon Street Kitchen with two strong women on my management team as well.

What dining experience can we expect?Heddon Street Kitchen is the casual, fine dining, experience that people hope to enjoy. The service and the standards are set very high to ensure the ultimate dining experience. The food is modern European with a focus on British seasonal ingredients.

Heddon Street Kitchen opened in November 2014, how have the first few months treated you?The first few months have been a total thrill ride. We opened during the busiest time of the year in central London. It was a massive learning experience, in a managerial sense – balancing front of house creativity and ensuring the quality of the food, whilst managing a brigade of 35 young cooks, a large new business and handling media scrutiny of a new Gordon Ramsey restaurant.

You grew up in Brooklyn moved to London, and you’re also part of a large Greek family. Has this influenced your cooking style?My life has always been focused on food, whether it was at work or at home. Summers in Greece were spent cooking with my family, eating what was available locally. That idea of utilising what is local, now called ‘farm to table’ has always been the way that I have cooked. The food that I cook focuses on quality ingredients and straightforward cooking methods.

Which cuisines have had the most influence on you?Growing up as a Greek American, the foods of both cultures are held quite dear to my heart and I always rely on them.

Your mother is renowned pastry chef Michelle Tampakis. Was there ever a possibility of you being anything other than a chef?Quite frankly, no. Nothing was more exciting than helping out my mother with an event or a competition and then going over to my grandmother’s to help her with dinner.

What do you think are the biggest challenges facing female chefs today?I think there is still an idea and expectancy that top flight cooking is driven by men. This preconceived notion that it’s a man’s world and a man’s industry does not hold true the way it once did. The Gordon Ramsay Group has been known for encouraging female chefs to continue to persevere and prosper and I am extremely fortunate to know that I will always have his support.

If you could cook for, and dine with, anyone, who would that be?If I could have cooked and dined with anyone I would say Julia Child. She was such a staple in creating today’s food culture, as well as being a powerful woman in the hospitality industry.

How do you wind down after a long day? Even after a long day at work, I like to go home, get comfortable and make something warm and filling that I can enjoy whilst relaxing on the couch, watching some TV.

What keeps you awake at night?The thought of failure. When you finally have the opportunity for your dream to come true, the scariest thought is not succeeding. It’s the motivation that keeps me going every day.


Heddon Street Kitchen3-9 Heddon Street, Mayfair, London W1B 4BD

Reservations: 020 7592 1212www.gordonramsay.com


Be inspired byWOMEN AT THE TOP

“We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success.” – Arianna Huffington, AOL/Editor in Chief of Huffington Post

“Define success on your own terms, achieve it by your own rules, and build a life you’re proud to live.” – Anne Sweeney, Former President of Walt Disney

“Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence.” – Sheryl Sandberg, COO of Facebook

“If you are successful, it is because somewhere, sometime, someone gave you a life or an idea that started you in the right direction. Remember also that you are indebted to life until you help some less fortunate person, just as you were helped” – Melinda Gates

“Every day, you have to prove yourself and convince – move forward and challenge yourself. And doubt all the time.” – Christine Lagarde

I always did something I was a little not ready to do. I think that’s how you grow. When there’s that moment of ‘Wow, I’m not really sure I can do this,’ and you push through those moments, that’s when you have a breakthrough.” – Marissa Mayer, CEO of Yahoo

“Be First And Be Lonely.” – Ginni Rometty, Chairwoman and CEO of IBM


Be inspired byWOMEN AT THE TOP

“We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success.” – Arianna Huffington, AOL/Editor in Chief of Huffington Post

“Define success on your own terms, achieve it by your own rules, and build a life you’re proud to live.” – Anne Sweeney, Former President of Walt Disney

“Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence.” – Sheryl Sandberg, COO of Facebook

“If you are successful, it is because somewhere, sometime, someone gave you a life or an idea that started you in the right direction. Remember also that you are indebted to life until you help some less fortunate person, just as you were helped” – Melinda Gates

“Every day, you have to prove yourself and convince – move forward and challenge yourself. And doubt all the time.” – Christine Lagarde

I always did something I was a little not ready to do. I think that’s how you grow. When there’s that moment of ‘Wow, I’m not really sure I can do this,’ and you push through those moments, that’s when you have a breakthrough.” – Marissa Mayer, CEO of Yahoo

“Be First And Be Lonely.” – Ginni Rometty, Chairwoman and CEO of IBM

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H Edition Magazine March 2015

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