NYC’s Mamdani Tries Defusing Griffin Blowback to Second-Home Tax
TL;DR NYC's proposed tax on high-value second homes, highlighted by Ken Griffin's penthouse, signals rising political risk for APAC family offices with US
You can place too much trust in trusts
TL;DR Trusts are vulnerable if poorly structured. Lack of substance, independent trustees, or proper documentation leads to legal challenges and forced unwinding in APAC. Regular audits and
Alts boom: UOB PB says it’s “only logical” private banks take performance fees
TL;DR UOB Private Bank defends performance fees on alternative investments as logical, coinciding with Asian family offices allocating 30-40% to alts. This shift raises governance questions for
Ghosts of the golden age of the Mediterranean
TL;DR Family offices are using archival photography and cultural assets to preserve intangible legacy. These assets offer financial value, aid in succession governance, and engage the next
Family offices must prioritise governance over gains, says Landmark CEO
TL;DR The CEO of Landmark Family Office argues that robust governance structures are more critical than high returns for family offices, especially during succession, to avoid conflict
Billionaire Sawiris Shuts London Family Office After UK Exit
TL;DR Egyptian billionaire Nassef Sawiris closed his London family office after leaving the UK, driven by the abolition of the non-dom tax regime. This signals a wider
Female watch collectors carve out a space for themselves
TL;DR Female watch collectors now represent 20-25% of the market, doubling in a decade. Driven by inheritance and social media, they build serious collections, influencing demand and