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Increased professionalisation at family offices marks a “significant transformation” in the sector with executives increasingly empowered to manage family assets in a move away from being managed by external managers, Ocorian, the specialist global provider of services to high-net-worth individuals and family offices says.
Ocorian, which works with more than 60 family offices around the world, believes the growing influence of younger generations in running family offices will continue to drive this trend as they are increasingly demanding more sophisticated investment strategies and greater transparency. In addition, Ocorian reveals that 95% take a keen interest in investing in private companies that their families either represent or have a background in, according...
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