Family Office Insider (FOI) | July 2023
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Family Office Insider (FOI) | July 2023
News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter
Hello, and welcome to this edition of Family Office Insider (FOI) from GPFO. Each month we share the latest news and developments in the global family office community, to help you keep your finger on the pulse.
Sections:
📑 Research & Reports
In the news: 📰 Headlines, 💼 Careers Moves, 🤝 Private Markets Activity
📅 Events
👥 Jobs Board
📑 Research & Reports.
Our Family Office Reports Database is now part of the Members Portal. 240+ reports and research on the family office and global wealth community since 1997, updated by the team each month.
Research | Family Office Benchmark Report | Managing Family & Financial Complexity, Northern Trust & Wharton
Report | ‘The Tide Has Turned’ | Global Asset Management 2023. BCG
Report | Henley Private Wealth Migration Report 2023. Henley & Partners
[Academic] Research | PTC and DTC: a new perspective from Switzerland. Trust & Trustees, Filippo Turato
Abstract: This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial institutions, subject to licensing requirements and placed under the supervision of the Swiss Financial Market Supervisory Authority. This regulation introduced Swiss DTCs as a type of private trust company. DTCs are independent of the family, being held and supervised by a licensed trustee, and allow full flexibility in terms of governance evolving in the concept of a Swiss single-family office.
Research | PTC and DTC: a new perspective from Switzerland. Trust & Trustees, Filippo Turato
[Academic] Research | A Welfare Analysis of Tax Audits Across the Income Distribution. Harvard University & Policy Impacts
[Academic] Research | The drivers of heterogeneity of single-family offices - an exploratory analysis. The International Family Offices Journal, A. De Massis et al.
Report | Atlas: Sequoia’s guide to Europe’s technical talent. Sequoia
In the news.
📰 Headlines
UBS prepare to cut over half of Credit Suisse workforce. Bloomberg
Crispin Odey’s fortune trapped as he exits firm. Bloomberg
Cox Enterprises launches Socium Ventures. Newswire
Saade family office, Merit France, retools team following pandemic windfall. Bloomberg
Upcoming changes to FDIC Deposit Insurance for accounts owned by Trusts. Lexology
China faces world’s largest millionaire exodus as the economy slows. Nikkei
Ivan Glasenberg nears deal to buy cycling brand Pinarello. FT
Samuel Chen builds health bets. Bloomberg
Marcelo Claure launches new venture firm, Bicycle Capital. Newswire
George Soros hands over reigns to son Alex. CBS, WSJ Interview
💼 Career Moves
Lucia Troksiarova joins Stanton Chase as a partner in the family business practice, from Jagal (SFO).
Michel Sirat joins Merit France as head of family office (Saade family office) from operating business CMA CGM. Press Release
Paul Geddes joins Evelyn Partners as CEO. Press Release
🤝 Private Markets Activity
Lauder Partners LLC participated in a $30M Series A funding round in NVision Imaging Technologies. Deeptech
Simon Equity Partners participated in a $20M Series B funding round for Anzu.io. Adtech
Creadev participated in a $25M Series C investment round in Everytable.
Addition Capital participated in a $38M Series B funding round for Rose Rocket. SaaS
Dolby Family Ventures participated in a $30M Venture funding round in Sharrow Marine.
Jefferson River Capital participated in a $50M Series E investment round in PM Pediatric Care.
Arkin Holdings participated in a $67M Series C round for Percepto.
Smedvig Capital participated in a $6.4M Series A funding round in EdgeTier.
Highsage Ventures participated in a $1.8M Seed round in About:Energy.
Dart family office participated in a $7.5M Series A investment round in Zero-Error Systems.
Sparta Group LLC participated in a $36M Series B funding round in Pixxel.
Canica participated in a $8M Series A round for Cytovation AS. Biotech
Valtteri Bottas & Christophe Navarre participated in a GBP1.7m seed round for Cult Wines.
Events.
What's on in July:
We start summer break! [Members keep an eye peeled for invitations to a couple of private briefings over the summer]
Download the recently published Spring/Summer Edition of Family Office Global (FOG)
Last Month:
Summer Drinks - Thank you to all those that joined as we welcomed the summer.
Property Morning - insights from industry experts and innovators, including Basil Demeroutis (FORE Partnership), Ilan Azouri (Astone Investments Limited), Mark Wells (Invisible Homes), Marcel Shanti (Econest), Patrick Church (Hardington Capital) and Stephen Mistretta (Fable Homes).
International Investment Afternoon, welcoming talks from: Dr. Moutih Rafei (Defence Therapeutics Inc.), Scott Kelly (Westbridge Renewable Energy Corp.), Dr. Richard Lu (SolarBank Corporation), Claudia Tornquist (Kodiak Copper Corp.)
👥 Jobs Board.
Full Jobs Board accessible via the industry or members portals.
11 new roles listed this month, 31 actively recruiting roles within single family offices and private multi family offices around the globe.
CEO - Single Family Office - London, UK
CIO - Single Family Office - Seattle, USA
Head of Finance - Single Family Office - Geneva, Switzerland
Portfolio Manager - Single Family Office - Singapore
Trust Officer - Single Family Office - Zurich, Switzerland
Private Equity Associate - Single Family Office - New York, USA