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family business

July 25, 2022

In this week’s FB Roundup, Shipping billionaire Rodolphe Saade opposes a French windfall tax plan; Zara founder Amancio Ortega buys a luxury New York apartment building for $500 million; and ancient artifacts seized from US billionaire Michael Steinhardt are returned to Italy.

Shipping billionaire Rodolphe Saade opposes French windfall tax plan
Rodolphe Saade, the billionaire head of multi-generational family-owned shipping giant CMA CGM SA, has vocally opposed a plan by French lawmakers to impose a windfall tax on corporate profits to moderate the impact of inflation.

CMA CGM SA, the world’s third-largest container carrier, has seen its profits rise dramatically following strong global demand for consumer goods resulting in shipping rates being raised more than ten-fold during the Covid-19 pandemic.

July 21, 2022

KPMG’s Tom McGinness asks are family businesses role models for the future of work?

At the height of the pandemic, talent risk jumped 20 places in the 2020 KPMG CEO Outlook Survey [1], to become one of the leading threats to long-term growth. It was the first time in the history of the survey that the “People agenda” was seen as an urgent C-suite priority.

July 21, 2022

What does the current environment mean for the long-term appeal of private markets? In this article, Titanbay considers recent research into investor sentiment towards private equity and more.

What does the current environment mean for the long-term appeal of private markets? In this article, Titanbay considers recent research into investor sentiment towards private equity and more. You can find more Titanbay insights here. 

July 20, 2022

Hong Kong’s low tax rates along with comprehensive infrastructure, little government interference and substantial available capital make it attractive to potential investors, including family offices, and thus competitive with other countries in the region, says Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.

On April 4, 2022, the Financial Services and Treasury Bureau (FSTB) submitted a paper for discussion to the Legislative Council Panel on Financial Affairs on the subject of Proposed Tax Concession for Family Offices. The objective of the proposed tax exemption is to provide tax certainty to ultra-high-net-worth individuals and their family members who hold assets via investment holding vehicles in order to attract family offices to set up and operate in Hong Kong.

July 19, 2022

In this week’s FB Roundup, Teddy Sagi launches a £1.5 billion sale of London’s Camden Market; Bill Gates vows to drop off the world's richest list; and Zimbabwe’s richest man Strive Masiyiwa is raising $500 million for his digital business expansion.

Teddy Sagi launches £1.5 billion sale of London’s Camden Market
Israeli billionaire Teddy Sagi has initiated a discreet sale of London’s Camden Market, hoping to gather bids of more than £1.5 billion for the area famed for its stalls, bars and eateries.  

According to The Financial Times, Sagi has appointed financial adviser Rothschild & Co to deal with the sale.

July 15, 2022

It is hard to overstate how far free and unlimited central bank liquidity has rewired the financial system. As central bankers extract themselves from the monetary rabbit hole they have burrowed their way into, the damage to traditional portfolios is likely to be considerable, says Jamie Dannhauser of Ruffer LLP.

It is hard to overstate how far free and unlimited central bank liquidity has rewired the financial system. As central bankers extract themselves from the monetary rabbit hole they have burrowed their way into, the damage to traditional portfolios is likely to be considerable.

This tightening of monetary policy is happening because inflation has returned – with a vengeance. Central banks are lifting short-term interest rates at a brisk pace. But there is an additional danger for liquidation-prone markets: quantitative tightening (QT).

July 13, 2022

Silicon Valley Bank and Campden Wealth’s report, Family Offices Investing in Venture Capital, July 2022, finds that family office participation in venture continues to grow despite macro concerns. 

The results of an exclusive report by Silicon Valley Bank and Campden Wealth found that family office participation in venture continues to grow despite macro concerns.

July 12, 2022

In an exclusive interview, psychologist and private family wealth consultant Dr. James Weiner discusses how to deal with the long shadows cast by successful and prominent family members.

In his new book, The Quest For Legitimacy: How Children Of Prominent Families Discover Their Unique Place In The World, psychologist and private family wealth consultant Dr. James Weiner explores what it’s like to live in the shadows of successful and prominent family members.

July 5, 2022

In this week’s FB Roundup, tributes are paid to Indian billionaire Pallonji Mistry; the family owned OCU Group sells to Triton Partners in a £400 million deal; and Brazilian billionaire Alberto Safra aims to offload his stake in his family empire.

Tributes paid to Indian billionaire Pallonji Mistry
Prime Minister Narendra Modi has led tributes to construction tycoon Pallonji Mistry following his passing at the age of 93.

“[I am] saddened by the passing of Shri Pallonji Mistry,” Modi said on Twitter. “He made monumental contributions to the world of commerce and industry. My condolences to his family, friends and countless well-wishers.”

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