Held on Tuesday, November 24, 2015, from 12.30-2.15pm
Jeremy Eakin (UBS)
Michael Maslinski (Maslinski & Co)
Lesley Hodgson (Northern Trust)
Marianne Kafena (Farrer & Co)
Salpy Kouyoumjian (Boodle Hatfield)
Yuri Bender (Professional Wealth Management)
Jane Fuller, co-director of the CSFI, talks to Michael Maslinski (Maslinski & Co), Marianne Kafena (Farrer & Co) and Salpy Kouyoumjian (Boodle Hatfield) following the Centre's November 24 round-table on the rise of the family office.
The world of private wealth management – of ultra-high net worth individuals, of family offices etc – is not an easy one to penetrate, or understand. And, I must confess, in our 22-year history, we have never really tried.
But it is important – and it is very clear that the business around wealth preservation is growing in both importance and complexity, particularly when there is an international dimension. In this world, the family office is playing an increasing role – and one can see why. But what do we know about it? What, for instance, do we know of the distinction between family office, multi-family offices, and “asset managers in disguise”? What do we know of London’s role? Is it growing, or is it being squeezed (say) by Singapore and Dubai? What about the banks? And, of course, how have international pressures for greater transparency affected the industry?
These are (to me, at least) fascinating and important issues, and I am therefore delighted that we have been able to put together a panel of practitioners, lawyers and commentators that covers the family office business from soup to nuts:
- Jeremy Eakin is a managing director at UBS’s global family office in London, where he leads a dedicated team of bankers operating out of five international hubs (London, Zurich, Hong Kong, Singapore and NY). Before joining UBS ten years ago, he spent five years as an executive director at Goldman Sachs.
- Michael Maslinski is the founder of Maslinski & Co, which he set up after leaving Coutts & Co, where he was head of marketing and business development. The firm defines itself as “strategy and marketing consultants, specializing in the private banking and wealth management sector”.
- Lesley Hodgson Lesley is head of Northern Trust’s Global Family & Private Investment Office for EMEA, which provides a range of services, primarily to billionaire family and family offices.
- Marianne Kafena is a partner in the Private Client department at Farrer & Co, where she specialises in advising families with businesses, family offices and private wealth in more than one country.
- Salpy Kouyoumjian is a partner at Boodle Hatfield, where she specialises in providing international tax advice to ultra-high net worth individuals, particularly in Russia, the US and the Middle East.
- Yuri Bender is editor-in-chief of Professional Wealth Management; a magazine, website and events organisation that is part of the Financial Times group.