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Private banker scoops City philanthropy prize

Goldman banker Michael Sherwood was beaten to this year's award recognising the good works of those employed in London's financial district

 Alexander Hoare
Alexander Hoare

A private banker aiming to take social investment mainstream has won an award recognising the good deeds of those working in the City.

Alexander Hoare, partner and director at C Hoare & Co, the oldest privately-owned bank in the UK, beat off competition from Michael Sherwood - until recently the co-head of Goldman Sachs in Europe - and Prem Goyal, who heads Global Markets Consultants, to scoop the 2017 Beacon Award for City Philanthropy.

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