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Need of the Hour – Wealth Management to get Tech Savvy

Ever wondered why there is a sudden rise of family offices investing in tech start-ups? The thought process behind investment moves, such as this, spring from the familiarity of the second and third generational decisions of family held businesses. Even family offices are experiencing a succession phenomenon and the oncoming generations comprehend the advantages of, not only investing in, but also gearing up for technology-led change. At the recent Hubbis’ Indian Wealth Management Forum 2017, Abhra Roy, head o...

Australian Millionaires Grab the Attention of Citigroup

With an aim to radically increase the number of Australian wealthy customers that come under the Citi umbrella, the bank recently revealed plans to hire 100 or more wealth advisors that will target UHNWIs in Australia. According to a recent Bloomberg report, ‘Citi is targeting Australians with more than A$1 million ($797,000) to invest, the New York-based bank said in a statement Tuesday. Citi’s Australian wealth arm posted a 14 percent rise in assets under management last year, according to the statement....

A New Investment Avenue for Family Offices – Auto Dealerships

As part of the ongoing trend of family offices exploring non-traditional investment opportunities, US family offices are buying stakes of auto dealerships, taking advantage of their growing profits. Auto dealerships are mostly privately held or family held businesses in the U.S. Likewise, dealership companies are more than willing to sell stakes in their business, owing to the growth opportunities that come along with it. The family office of Hawaii- based Fukunaga family – Servco Pacific Capital ...

Burman Family Holdings Envisions a Syndicate to Invest in Growth Stage Companies

Alternate investment routes have been doing the rounds among family offices for some time now. Recently, Burman Family Holdings – the investment arm of Dabur Group – is contemplating the creation and management of a global investor’s consortium that will target growth-stage companies, among varied sectors in India. Burman Family Holdings’ investment move, prior to this, was directed at the purchase of stakes of Cerestra Advisors Ltd. - a real estate private equity firm. However, Burman Family...

Indian Family Offices Rise to the Challenge

Indian Family Offices Rise to the Challenge

Sep 11 – 15. 2017
In an interview with MarketCurrents, Mr. Sandeep Jethwani, Managing Partner, IIFL Investment Managers highlights the needs of Indian UHNWIs and the way in which family offices address them.

Introduction of VAT in the Gulf Makes the Family Office Industry Flourish

Up until last year, the existence of the family office in the Middle East was barely noticeable. According to a Family Capital report of 2016, “There are maybe just five family groups in the UAE that could be said to have set up sophisticated family offices,” says Fathi Ben Grira, CEO of Menacorp, an Abu Dhabi-based corporate financial group. “May be a few more in Saudi Arabia and a few in Kuwait, but there are really not a great deal of well organised family offices in the region.” Menacorp is owned by ...

Ayaltis to Set Shop in Hong Kong

The rising rich in China are churning out a large amount of wealth and most of that is bound for Hong Kong, making it among the top three places with the highest number of family offices in Asia. Recently, Hong Kong has drawn the attention of a Swiss hedge fund - Ayaltis, as the chosen location to set up their family office. Mr. Hao Shao, General Manager at Ayaltis, who is heading the family office set up operations in Hong Kong sheds lights on the market, “the Chinese total HNWIs’ wealth stands at $7 trill...

The Classic Divide between Family Offices in Asia vs. America

Family offices are a fairly new occurrence in the Asian economy, but have been around for decades in the West. Interestingly, the former is not mimicking the latter in its investment style and approach. Here’s a quick look at some of the stark differences in their behavior across continents. The first obvious difference is the sheer number of family offices being much lower in Asia, as compared to their dominant presence in the western economic arena. According to a 2017 Bloomberg report, ‘Over the ...

The Investment Penchants of Family Offices in Asia

What was largely an American and European trend over the last decade, has now spread its wings wide around the Asian economic landscape. The family office trend is growing at an unprecedented rate among the rich in Asia, owing to the nouveau riche phenomenon in Asia. According to an article published by Jeremy Hazelhurst in the Financial Times, ‘Fifth-generation family business members are happy to hand over their inheritances to bankers, but tycoons and the children of tycoons are keener to trace the path of ...

Indian Family Offices Target Investment in Start-ups

If you're wondering who houses those plush new offices in the swanky high rise commercial buildings across the country, one big player would be the family office sector. These entities are not only managing the financial affairs of the wealthy, but also finding ways to make these rich get richer. These uber affluent families have assets that match those of powerhouse companies (such as Infosys, Birla and BFL). The nouveau riche, due to their sheer lack of experience, are also looking for a lending hand toward their ...

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