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family office

Majid Al Futtaim Group launches asset management business

May 7, 2009

The Majid Al Futtaim Group, a Middle East-based family-owned business, is offering the services of its financial management experts to institutional and professional investors with the launch of Majid Al Futtaim Asset Management.

The new entity enables external investors to benefit from the collective experience of a fund management team through the Majid Al Futtaim family office.

Did your investment knee jerk?

April 30, 2009

Last week’s UK budget has been widely seen as a political budget designed to set the parameters for the country’s general election, due next year. Chancellor Alistair Darling’s headline-grabbing increase in interest rates for the wealthy (the top rate is now 50%) was certainly a knee-jerk reaction to political rather than economic problems.

Last week's UK budget has been widely seen as a political budget designed to set the parameters for the country's general election, due next year. Chancellor Alistair Darling's headline-grabbing increase in interest rates for the wealthy (the top rate is now 50%) was certainly a knee-jerk reaction to political rather than economic problems.

Family vs family office: how to get communication right

April 27, 2009

What is the best way for families and their family offices to communicate? And how do you ensure that this communication is done in the right manner and to a regular timetable? A select panel at Campden’s European Family Office conference met to discuss these crucial questions

Roundtable panel
John Bender's family founded publishing house Matthew Bender & Co, whose involvement with law books date back to 1804. It has been part of the Reed Elsevier Group since 1998. He is now involved in family office wealth management in the Channel Islands and Switzerland.

Jamie Cayzer Colvin is a fifth generation member of his family company, Caledonia Investments, which started as a

From saplings to forest trees

February 26, 2009

Asian family businesses do not like outside sources dealing with their investments, so what is the future for their office model?

As the first and second generation proprietors of Asia’s family businesses look to pass control on to their children and grandchildren, private banks and other service providers are hoping that they will look to the Western family office concept to aid the transfer of wealth. But, while succession is a real challenge for Asian family businesses, particularly given the deteriorating economic outlook, observers believe that cultural and financial factors stand in the way of the adoption of formalised family office structures.

Rockefellers and Soc Gen join forces to court family offices

June 18, 2008

Rockefeller Financial Services Inc, the main corporate entity in the Rockefeller family's business empire, has announced an alliance with SG Private Banking.

Rockefeller Financial Services Inc, the main corporate entity in the Rockefeller family's business empire, has announced an alliance with SG Private Banking, the global wealth management arm of France-based bank Societe Generale.

The two companies, who will remain independent, aim to serve the financial needs of ultra high net worth individuals and families offices around the world.

Private banks treat family offices “as simply a number” says wealth manager

June 4, 2008

A client services director at UK-based wealth manager London & Capital has launched a stinging attack on the service standards that prevail in “too many companies” active in the wealth management arena.

A client services director at UK-based wealth manager London & Capital has launched a stinging attack on the service standards that prevail in "too many companies" active in the wealth management arena.

"When [our clients] review their needs, often on the back of a business disposal, many will approach a private bank, and the frustrations for us have been clear to see," said Sean Doyle.

Rausing family office chief moves to private bank

May 13, 2008

The man responsible for looking after the wealth of the Rausing family – founders of the Tetra Pak empire – has left to join family-owned private bank Lombard Odier Darier Hentsch.

Charles O'Ferrall joins the Swiss-based bank in its new London office as COO. "Charles has significant experience operating and managing teams of advisors and in running successful family offices," commented Sally Tennant, chief executive of LODH UK. "He has the right skill set and knowledge to play a vital role in building our UK offering."

Wells Fargo taps into family office boom

April 2, 2008

Wells Fargo Bank has launched a new business unit in a bid to capitilise on the multi-family office boom.

Family office joint venture to reach $1 billion in assets

March 6, 2008

Isle of Man fund administrator Portal, a joint venture between insurance manager Thomas Miller and a multi-family office and wealth management firm based on the island, is reportedly on track to reach $1 billion in assets under management by the end of this year.

“Should I choose a single or multi-family office?”

March 1, 2008

Ed Lazar and Louise Adams go head to head on the topic of whether families should choose a MFO or a SFO. Do economies of scale trump privacy, or does having a bespoke solution beat being part of a group every time? Over to you to decide...

Ed Lazar is president of Threshold Group, a MFO based in Gig Harbor, WA.
Louise Adams is the head of a large, global SFO based in London.

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