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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.
📑 Research & Reports
In the news: 📰 Headlines, 💼 Careers Moves, 🤝 Private Markets Activity
👥 Jobs Board
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
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.
[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.
UBS prepare to cut over half of Credit Suisse workforce. Bloomberg
Crispin Odey’s fortune trapped as he exits firm. 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
💼 Career Moves
Lucia Troksiarova joins Stanton Chase as a partner in the family business practice, from Jagal (SFO).
Paul Geddes joins Evelyn Partners as CEO. Press Release
🤝 Private Markets Activity
Jefferson River Capital participated in a $50M Series E investment round in PM Pediatric Care.
Valtteri Bottas & Christophe Navarre participated in a GBP1.7m seed round for Cult Wines.
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)
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.
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
This is the Family Office Industry Newsletter, the monthly premium article is published next Thursday (complimentary to GPFO Association Members).
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