Family Office

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The Emergence of Single-Family Offices in Central and Eastern Europe

As private wealth continues to rise across Central and Eastern Europe (CEE), affluent families are turning to more sophisticated structures to manage their fortunes. One model increasingly gaining traction is the Single Family Office (SFO)—a private entity created to oversee the financial, personal, and legacy-related affairs of a single wealthy family.

Aug 21
LVMH’s Bernard Arnault Expands Portfolio with Strategic AI Investments

LVMH CEO Bernard Arnault’s family office, Aglaé Ventures, has been actively investing in AI startups this year.  As the founder and CEO of LVMH, Arnault, who is also the fourth richest person globally with a net worth of $184 billion, has focused on artificial intelligence through his tech-focused family office.  In 2024, Aglaé Ventures made […]

Aug 19
UAE’s Wealth Hub Status Strengthens with Long-Term UHNWI Growth

The UAE is set to experience a long-term influx of ultra-high-net-worth individuals (UHNWIs) as its status as a hub in the Middle East strengthens. This is happening alongside a global surge in millionaire migration, with the UAE seeing a significant increase in wealthy residents. Experts suggest this trend will continue, reshaping the region’s wealth management […]

Aug 16
VP Bank Shutters Hong Kong Office After Asia CEO and COO Step Down

VP Bank is closing its Hong Kong office following the resignations of Asia CEO Pamela Hsu Phua and COO Heline Lam. The decision comes after Phua and Lam reportedly left due to disagreements with the bank’s leadership in Liechtenstein regarding its strategic direction. A VP Bank spokesperson confirmed the resignations and the office closure, with […]

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It wasn’t until the 1980s that family offices started to multiply, first in the US, then elsewhere. It was around that time that the wealth held by families began to grow at a significantly faster rate.

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