Family office

Mark Essex, course director of KPMG in the UK’s Family Business Leadership Academy, runs through the top five lessons family business leaders wish they’d learned earlier.

In a new report, Campden Wealth and Raffles Family Office reveal Asia-Pacific family offices exceeded investment performance expectations in 2022, with 58% of family offices reporting AUM growth, 22% of which experienced an increase of more than 10%.

In this week’s FB Roundup, Nassef Sawiris redomiciles his family office to Abu Dhabi; Shari Redstone is reportedly in talks to sell her media empire stake; and Patrick Drahi is under pressure to sell assets at auction house Sotheby’s.

Nearly half of European family offices are confident in their internal controls and protocols. However, a new report from Campden Wealth in partnership with HSBC Global Private Banking shows that they should not rest on their laurels while cybercrime is on the rise.