A postcode should be no indicator of a private bank's ability to manage client money, but wealth managers are increasingly opting for a swanky office in Mayfair over a cheaper one in the City.

Boutique wealth manager Signia Wealth, led by Financial News Rising Star Nathalie Dauriac-Stoebe, yesterday confirmed it will leave its offices in Cornhill, near Bank, and move to a prestigious address in the West End: 1 Connaught Place.