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Feeding the Old Guard at Buckingham Palace

Who defers to whom when the royalty from Cazenove meets the bluebloods at Buckingham Palace? Etiquette books were no doubt at hand when David Mayhew, chairman of the Queen's stockbroker, had lunch there last week.

Like the Queen's uncle Edward, Caz has married an American and Mayhew was accompanied by his new partners, Jamie Dimon, president of JP Morgan, and William Winters, co-chief executive of JP Morgan Securities.

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