By managing risk, rather than hiding from it, Cardano, the investment consultant, has won business worth £50 billion since its Dutch owners arrived in the UK eight years ago.

To keep up this momentum it attracted three senior executives from Goldman Sachs in 2015, hired its first sales force and is venturing beyond its core business of advisory and fiduciary into sectors such as defined contribution pensions. Cardano believes it now has enough capacity to treble the size of its fiduciary business.