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.
Nik Storonsky, the founder of Revolut is using his flourishing fortune of $7 billion into a British family office.
The family office of Nicky Oppenheimer, former chairman of De Beers has launched a new family office in Singapore to boost investments between the region and Africa and promote it's exposure to Asia.
Savills Investment Management, an international investment management business with its headquarters in London has secured support from the family office of John Lim, the founder of ARA Asset Management in Singapore for a UK retail park fund and aims to raise £360 million ($500 million).
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