“That happens more often than not, that shiny penny kind of approach that is driven by technology rather than a broader strategy,” Gill said. “Technology spend gets mistaken for branch transformation.”
The publication has 60,000-plus readers, based on a circulation 27,000, with an average net worth, excluding primary residence, of £5.5 million ($8.8 million) and an average annual income of £780,000.
There are many reasons for this, including board member age, tenure, and board refreshment.
Every investor in the fund is under the same structure, where up to 15% of the fund can be allocated to liquid cryptocurrencies, such as bitcoin, Mr. Pompliano said.