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.
Julius Baer, private banking firm has appointed a head of family office services and wealth planning for Singapore. According to a statement from November, the firm has chosen Kevin Tay for the new role.
Dyson Holdings, James Dyson's technology firm has moved 1.3 billion pounds ($1.8 billion) over the last year, which has shifted his fortune away from his firm.
Edmond de Rothschild, an asset management group and investment banking house has purchased a 42.5$ stake in the Hottinger Group, a UK-based family office for an undisclosed sum.
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