Citywire Private Office Retreat 2025
It is my privilege to personally invite you to the eighth edition of the Citywire Private Office Retreat - set to be our most timely and impactful yet.
Join us on the 25th-26th September at Pennyhill Park, Surrey, for a dynamic day and a half programme designed to equip you with critical insights and progressive investment strategies for the year ahead.
This exclusive retreat brings together leading voices from the private and family office community. The agenda features keynote talks, interactive sessions with leading fund managers, and valuable opportunities to connect with fellow decision makers.
In a world shaped by shifting economic dynamics, rising geopolitical tensions, renewed defence priorities, and the continued fallout from U.S. trade policy, we’ve assembled a pertinent speaker lineup to tackle these pressing issues and spark meaningful conversation.
You’ll also participate in 10 focused fund strategy sessions led by distinguished fund managers - full details to be shared closer to the event.
With demand expected to exceed capacity, we recommend registering early to guarantee your place.
There is no charge for attending (which is strictly by invitation only) and you will earn up to eight hours of structured CPD.
Our keynote speakers:
We begin Thursday morning with David Smith, Economics Editor of The Sunday Times. A widely respected and award-winning economics commentator, David is known for his early insights into economic trends. He’ll be giving us an up-to-the-minute analysis of the most pressing challenges facing both the UK and global economies.
After lunch, I’ll be in conversation with The Rt Hon Penny Mordaunt, former Secretary of State for Defence and Minister for the Armed Forces. European nations are boosting defence expenditures amidst geopolitical uncertainties. A new era of military readiness and strategic autonomy is taking shape, with both political and economic implications. This will be an open, curated discussion so you will have the opportunity to put your questions to Penny too.
On Friday morning, Conrad Humphreys will share his inspiring story of determination, leadership, and triumph. In 2005, Conrad became only the fifth British sailor to complete the Vendée Globe - widely considered the toughest endurance race in sport - after making one of the most remarkable comebacks in its history.
On behalf of the entire Citywire team, I sincerely hope you’ll join us for this year’s gathering. See you in September.
Learning Objectives:
- Explore a variety of investment strategies from fund managers across multiple asset classes
- Identify the most pressing challenges faced by UK and global economies
- Describe the political and economic implications of increased defence spending

Agenda
08:20 - 09:20
Registration
09:20 - 09:30
Welcome with Steven Chatterton
09:30 - 10:30
Conference Session 1 - David Smith
10:30 - 11:00
Fund Group Workshop 1
11:10 - 11:40
Fund Group Workshop 2
11:50 - 12:20
Fund Group Workshop 3
12:20 - 13:40
Table Planned Lunch
13:40 - 14:40
Conference Session 2 - Fireside chat with Penny Mordaunt
14:40 - 15:10
Fund Group Workshop 4
15:20 - 15:50
Fund Group Workshop 5
16:00 - 16:30
Fund Group Workshop 6
16:40 - 17:10
Fund Group Workshop 7
19:30 - 20:00
Drink Reception
20:00 - 23:00
Table Planned Dinner
08:00 - 09:15
Breakfast at Leisure
09:15 - 10:15
Conference Session 3 - Conrad Humphreys
10:15 - 10:45
Fund Group Workshop 8
10:55 - 11:25
Fund Group Workshop 9
11:35 - 12:05
Fund Group Workshop 10
12:05 - 13:30
Buffet Lunch
Keynote Speakers
Speakers

David Smith
David Smith is Economics Editor of The Sunday Times, as well as the paper’s Assistant Editor and Policy Advisor, and a regular contributor to CBI’s Business Voice. Amongst the first to predict a V-shaped recovery in the aftermath of the financial crisis, he was careful to say that it would take time to become discernible.
A widely respected economics commentator, David is the author of several books, including From Boom to Bust, Will Europe
Work? The Age of Instability, and The Dragon and the Elephant: China, India and the New World Order. His most
recent work, Free Lunch, is a guide to economics for the lay-person now that it seems essential we all understand the subject.
Before moving to the nation’s most widely read Sunday broadsheet, David worked for The Times and Financial Weekly - as well as the Henley Centre for Forecasting and Lloyds Bank. He has won a number of prizes, including the Harold Wincott Award for Financial Journalist of the Year.

Penny Mordaunt
Penny Mordaunt was an MP for 14 years, during which time she held nine ministerial roles - four of those being in
Cabinet. She was the first (and only) woman to hold the roles of Secretary of State for Defence and Minister for the
Armed Forces. She also held the role of Paymaster General, where she became the UK government’s first cross-
government defensive cyber lead, and led the rebuild of the UK’s civil contingencies and resilience strategy.
Penny also held the role of Secretary of State for International Development, working with UN agencies and
international organisations, as well as being the UK’s representative at the World Bank. In her role as Trade
Minister, she brokered new trade deals, including overseeing the UK’s accession to the Comprehensive and
Progressive Agreement for Trans-Pacific Partnership. She also established economic agreements with individual
US states in lieu of a US deal - a move that saw her undertaking the longest tour of the US of any Minister since
Churchill. She was also on the Withdrawal Agreement Joint Committee overseeing the UK’s exit from the EU. She
has held other roles in local government, work, health, pensions and disability.
Prior to Parliament she worked across all sectors and also in US politics as Head of Foreign Press for the RNC
during the Bush 2000 campaign. She was a Royal Navy Reservist for 10 years and is now an Honorary Captain
affiliated to MCM2 Squadron, the UK’s mine hunters and bomb disposal divers. She is co-author of Greater: Britain
After the Storm, which made bestseller lists in the UK and the US - and also gained international attention in her
role of Leader of the Commons, which saw her presiding over the Accession Council following the death of Queen
Elizabeth II and at the coronation of King Charles III.
She has won Parliamentary Wit of the Year, Spectator speech of the year, was among Grazia and Vogue’s most
influential women of the year. Known for her speeches and exchanges in the House of Commons, she is one of
only four women to have been asked to address the Saints and Sinners club, the others being Princess Anne,
Margaret Thatcher and Dame Vera Lynn.

Conrad Humphreys
Conrad Humphreys is an award-winning, triple round-the-world yachtsman and keynote speaker.
As a professional yachtsman, he led his team to victory in the BT Global Challenge, dominating the race with four out of seven leg wins. His crowning achievement came as the fifth British sailor in history to complete the legendary Vendée Globe—circumnavigating the globe single-handed, non-stop, and without assistance.
Most recently, Conrad was the professional skipper onboard the tiny 22ft open boat Bounty in the recreation of Captain Bligh’s epic story of survival for Channel 4’s Mutiny. Navigating 4,000 miles of open ocean to Kupang, Timor, Humphreys demonstrated a cool head and calm leadership in the face of adversity.
Drawing on his personal experiences as a sailor and entrepreneur, Humphreys is a brilliant storyteller, leaving his audiences inspired and equipped with the tools they need to thrive in today’s turbulent business landscape. From leading in disruptive environments to building personal and organizational resilience, his presentations offer practical insights and actionable strategies for success.
Humphreys founded Sport Environment, a sports marketing consultancy specializing in sailing and outdoor sports. With clients ranging from global giants like Motorola, LG, and CAT to eco-conscious brands like Ecover, Humphreys crafts innovative, integrated campaigns that push the boundaries of sports marketing. His ability to understand complex business challenges and tailor his presentations to meet the unique needs of each client has earned him a reputation as a trusted advisor and strategic partner.
Humphreys’ story is featured in the groundbreaking book Inspiring Leadership: Staying Afloat in Turbulent Times, which offers invaluable insights gleaned from his experiences as the youngest skipper in history to win the world’s toughest yacht race. Filled with practical lessons, it serves as a roadmap for aspiring leaders seeking to stay afloat in turbulent times.
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Workshops - details will be announced soon
Workshops
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Fund Group Workshop
Speakers
Qian Zhang
Investment Specialist Director

Qian is an investment specialist within the Emerging Markets Client Team. She joined Baillie Gifford in 2021. Previously, Qian worked as a senior client portfolio manager covering emerging markets strategies at Pictet Asset Management and JPMorgan Asset Management. She began her career at Merrill Lynch in 2008. Qian graduated MSc in Mathematical Risk Management from Georgia State University and BSc in Economics and Statistics from Peking University. Qian is a native mandarin speaker and a CFA Charterholder.

Fund Group Workshop
The Firm has $41.3 billion under management. We have 210 employees, 44 of whom are investment professionals, including 17 portfolio managers. We are privately owned and headquartered in New York City.
Our investment approach is the same across all our strategies: we employ fundamental research to identify and invest in companies with open-ended growth opportunities, durable competitive advantages, and strong management, at attractive valuations relative to our estimates of intrinsic value.
Our long-term approach enables us to think about a company as business owners and to see and capitalize upon the longer-term opportunities.
We believe the combination of our long-term investment horizon and our extensive research differentiates us from our peers and creates a competitive advantage for our Firm.
We offer 18 strategies, available as separate accounts, sub-advisory services, UCITS and other offshore vehicles, private funds, and mutual funds.
Investors should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus and summary prospectuses contain this and other information about the Funds. You may obtain them from the Funds’ distributor, Baron Capital, Inc., by calling 1-800-99BARON or visiting www.BaronCapitalGroup.com. Please read them carefully before investing.
Risks: All investments are subject to risk and may lose value.
BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).
Speakers
Guy Tartakovsky
Portfolio Manager, Baron Global Durable Strategy, Assistant Portfolio Manager, Baron Durable Advantage Strategy, Baron Large Cap Growth Strategy
Guy joined Baron Capital in 2015 as a research analyst and has 10 years of research experience. In 2024, he was named assistant portfolio manager of Baron Fifth Avenue Fund and Baron Durable Advantage Fund. In 2020, he was named assistant portfolio manager of Baron Global Advantage Fund. He will be named portfolio manager of Baron Global Durable Strategy upon its launch August 1, 2025. Guy graduated from Technion, Israel Institute of Technology with a B.S. in Industrial Engineering and Management in 2007, from Tel Aviv University with an M.S. in Finance and Accounting in 2012, and from The University of Chicago Booth School of Business with an M.B.A. in 2015.

Fund Group Workshop
Speakers
Stephen Mildenhall
Founder & Director

Stephen Mildenhall founded the Contrarius Group in 2008. He had more than 10 years’ previous investment experience with Allan Gray Limited, the largest privately owned investment management firm in South Africa. Stephen was the Chief Investment Officer from 2001 with ultimate responsibility for approximately $30bn AUM when he resigned to establish Contrarius in 2008. Stephen holds a B Com (Hons) degree, is a Chartered Accountant (SA) and a CFA charterholder.

Fund Group Workshop
Speakers
Martha Reyes
Research Analyst
Martha Reyes joined Fidelity Digital Assets® in 2024 as a UK-based Research Analyst. She creates thought leadership content and supports client education. With nearly 20 years in institutional equity sales and fund management, she brings deep expertise in equity analysis. Martha holds an MBA focused on blockchain and data analysis, studied at Columbia University, and contributes to The Digital Economy Initiative on digital assets and public policy research.

Fund Group Workshop
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Fund Group Workshop
Speakers
Rupert Bosner
Family Offices and Wealth Managers

Rupert is responsible for Family Offices and wealth managers for Guinness Global Investors. Prior to joining Guinness in 2020, Rupert worked at New Star Asset Management, Crux, Premier and Jupiter Asset Management

Fund Group Workshop
Speakers
Michael Massarano
Partner and Deputy CIO of Arcmont Asset Management

Michael was previously a Principal at BlueBay’s Private Debt group where he worked from 2017.Prior to BlueBay, Michael worked as an Investment Associate at Avenue Capital Group for three years focusing on a wide range of credit investments within the Private Debt team. Prior to Avenue Capital, Michael worked for three years within the leveraged finance team of Deutsche Bank with a focus on leveraged loans, high yield and restructuring transactions. Michael graduated with First-Class Honours from Manchester University (MBS) and holds a Bachelor’s degree in International Business, Finance and Economics.

Fund Group Workshop - Wellington Global Multi-Strategy Fund
Speakers
Chris Perrett
Investment Director

Chris is an investment director in Investment Product & Fund Strategies (IPFS). IPFS oversees certain Wellington-managed fund vehicles that pursue alternative investment strategies. As an investment director, he works primarily with our macro and credit investment teams and is responsible for a range of business and investment-related activities. Specifically, he helps ensure the integrity of various investment approaches and represents the funds both internally and externally.
