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A compilation of interviews with top executives from some of the world's wealthiest and most prominent family offices.
These case studies provide invaluable peer-led insights and advice on navigating the complexities of family office management and planning for long-term success. They also offer a rare glimpse into a notoriously private community, addressing questions such as: Why has one of the world’s wealthiest people decided to give away his fortune? What does it look like to watch “the third-generation curse” unfold? What did one of the US’s largest family offices do after a cyber criminal hacked into their system? What did family office executives do when the family branches they served decided to split up the office? How does a family office scale up to manage one of the largest personal investment portfolios on the planet? How does a ninth-generation family office keep the family close and their legacy thriving?
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When one of the world’s richest people plans to give away his fortune to better the planet.
We conducted an interview with the chief executive officer of the family office for one of the wealthiest and most high-profile people in the world. His mission is to look after the principal and to utilise his wealth to combat some of the most pressing social and environmental issues of our day, including climate change and disease. With a philosophy that resembles the Giving Pledge (a promise by the world’s wealthiest individuals to dedicate the majority of their wealth to charitable causes), this fascinating interview takes readers into the world of a family office driven to make a difference.
One of the world’s largest family offices reveals what is in their secret sauce for successfully scaling up.
We sat down with a director at a large family office behind a sixth-generation business/family dating back to the mid-1800s. In our conversation, the director talked about how the family office’s build, buy, partner model allows the team to flexibly adapt and scale up to meet the needs of a large-scale family.
A family office executive raises his concern over his principal’s lack of attention to creating a succession plan.
Understanding how the loss of a first-generation wealth creator can throw a family office into chaos, this story offers insight into the possible repercussions of failing to plan for succession. It also illustrates how a wealth creator’s decision to shelter family members from the responsibilities of wealth stewardship can potentially backfire and lead to strategic dissonance and disarray and how unchecked, exorbitant spending can threaten the financial empire one has built.
The key to engaging Next Gens and building a family legacy.
The secretary general of a European family office talks about her role as the glue between the family and the family office and her focus on building cohesion among the next generation. Serving a prominent ninth-generation family that has a business empire dating back more than 200 years, her tips are valuable for families hoping to build a legacy that will stand the test of time.
When harmony is in question, should a family office split up to cater to a family’s different branches?
Bucking traditional thinking, one COO says “yes.” “Several years back, we decided to split our family office into two branches to serve each of the family’s third-generation siblings. It was a painful process, but in hindsight, it was the right decision. Families should feel empowered to do good in their respective ways,” shares the chief operating officer (COO) of one of the world’s most prominent family offices. In our conversation with the COO, we discussed the process of branching out globally and how, in this case, it brought harmony to the family and enabled the different family branches to achieve their own unique aspirations.
Contesting the well-known saying, “When you have seen one family office, you have seen one family office,” is Matte Norman, chief investment officer at Kenjiro Private Office. Founded in 2017, under the guidance of Akira Ushioda, a third-generation member of a wealth-holding family from Japan, Kenjiro Private Office has built a globally diversified multi-asset portfolio with a long-term investment horizon. The family office is based in London and the family members now live mainly in Europe. In our conversation with Matte, we discussed the evolution of family offices in Asia Pacific, from local to global and from informal to formal.
The CEO of a United States-based family office, which represents one of the world’s wealthiest individuals, talks about the risks he faces and how he mitigates them. He offers advice on building an advisory board and on how to gain wealth holders’ trust as an effective family office executive.
Cybersecurity and reputation management are two areas the CEO and CFO of one of the world’s largest family offices take very seriously, particularly given the universal recognisability of the family. In conversation, they describe a cyberattack their family office faced and what safeguards they have put in place from both a cybersecurity and reputational management perspective.
The CEO of a United States-based family office retells the story of how both he and a family member got hacked. He discusses how they responded to the attacks by upping their cybersecurity defences and offers tips for other family offices at risk.
We interviewed a director at a large family office behind a sixth-generation business/family dating back to the mid-1800s. In our conversation, the director explains how a cybersecurity attack on the family office accelerated its five-year plan to transform its operational technology and security systems.
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