Citywealth - Family Offices Articles
22 Oct 2009
The Opus Group: Grow from acorn to mighty oak
Although Shane Giles, the founder of Opus is a well known figure in the private wealth industry, particularly as his career has spanned organisations like MeesPierson, the Opus Group is less well understood. In an exclusive interview with Young and Giles, Citywealth got the inside track on the growth, client base and ongoing expansion which will see Guernsey benefit from Opus being a hub for their billionaire private clients. Read more...
17 Jul 2009
Family office profile: Lord North Street
As well as not having a dominating family, another unusual characteristic is that they often get the majority or complete share of their clients wealth to invest and manage – 100% of wallet as one of the accountants termed it. Generally wealthy clients have been known to spread their money over a few managers making it difficult to get a real picture of their estate. Not so with Lord North Street. They have twenty five customers and have an entry level of £25 million which is double that of other family office brands. William explains why. “We put enormous efforts into client care.” A good year will see four new families or individuals join them. Read more...
10 Jul 2009
Iveagh Private Investment House: The Guinness multi family office and their wealth fund
The Iveagh Wealth Fund up close and personal: * The Iveagh wealth fund replicates the asset allocation service they provide to their family office clients which include key members of the Guinness family. It targets a 10% return p.a. The fund gives exposure to all major asset classes worldwide. Making extensive use of ETFs (Exchange Traded Funds) for maximum diversification at minimum cost. It is suitable as a standalone portfolio or as the core to an integrated investment strategy. Used as a way for more of the members of the Guinness family to participate with the Iveagh family office in a smaller way. Read more...
04 Jul 2008
The European Family Office Market: Where Is the Opportunity?
A report from Celent, a Boston-based financial research and consulting firm. Read more...
01 Feb 2008
Guernsey and London connection: Rowlands single family office and Blackfish Capital Holdings
David Rowland, his father, who is reported to have made his first million at twenty three, is still very active in the business and sits as Chairman although he has closed down all his former business operations. Read more...
08 Jun 2007
Empathy, alignment and continuity
Karen Jones interviews Alex Scott, Executive Chairman and Marcus Gregson, Deputy Chairman, Sand Aire Read more...
01 Dec 2006
Family office supremo: Guy Paterson
Guy Paterson, Head of the Family Investment Office at Unigestion in the spotlight Read more...
27 Oct 2006
Preventing mistakes in running family offices – conference review
There were several family office attendees and one that attracted a lot of interest was a Zamil family member of the Zamil Group in the Kingdom of Saudi Arabia. Frighteningly bright, the young fellow was attending to brush up on corporate governance and was doing so to help finish off his PhD. With no intention of going into the family business he was set upon a career in teaching or management consulting. He admitted that much pressure would be put on him to stay in the family office but knew his own mind. Echoing an earlier talk he said his only aim was to ensure his grandfathers wishes for their company were transferred through the generations. He said in their family office not only were his father and grandfather well up to speed on investment propositions but they additionally had a financial director who would intervene in any talks of a financial nature. A tight ship indeed. Read more...
