Representatives of US$4 Trillion Investor Wealth Convened to discuss the Rise and Rise of Family Offices
“I am humbled by the achievement of successfully gathering over 600+ global leading family offices and ultra-high net worth individuals (Sheiks, Royals, Private Investment Companies, Sovereign Wealth Funds, and Industry Professionals) representing $4 trillion+ in investor wealth who convened to discuss “The Rise and Rise of Family Offices”; exploring global opportunities, succession planning, philanthropy suggestions, family governance, and preserving human capital." - Sir Anthony Ritossa, Chairman, Ritossa Family Office and Summit Host
There’s no denying that the pattern of equities and bonds in global markets has become more unpredictable than ever before. No wonder then, that family offices are turning to technology for help.
That was just one of the investment themes from Sir Anthony Ritossa’s exclusive 9th Global Family Investor Summit in Monacorecently. Supported by HSH Prince Albert II of Monaco, other popular topics at the invitation-only summit ranged from artificial intelligence to fintech, and philanthropy to female empowerment – to name just a few.
But taking centrestage at Sir Anthony’s two-day gathering, was the acknowledgement that sustainable investing means caring for financial return, social responsibility and environmental impact.
Summit highlights included Monaco resident Nico Rosberg’s speech describing his transition from Formula 1 Champion in 2016 withMercedes AMG Petronas, to heading the Nico Rosberg Family Office. Nico’s comments about improving the world through activities such as hisGreentech Festivalin Berlin received a standing ovation from the enthusiastic audience.
“This is the third time that Monaco has hosted this important Summit and the 9th time this Summit has been held around the world. Every time, it is larger and larger and the quality of the attendees is better and better. This year we had at least five continents represented and all attendees are all to be commended for their tremendous accomplishments, including shared vision, values and passion for the environment and sustainability. The greatest asset of this event is the quality of family offices attending and Anthony, myself and our Summit Advisory Board are committed to protecting these assets for the future.” SVG Hon. Consul Giuseppe Ambrosio, President of the Monaco Single & Multi Family Office Association
"The summit is a good mix of families, of products and services. This sharing of current activities, and future trends is very important in such gatherings as a vehicle to move forward through the balance of 2019.” - H.R.H. Prince Michel de Yougoslavie, Grandson of King Umberto of Italy & Prince Paul of Yugoslavia, Monaco
“It’s an honour and a privilege to have been appointed Chairman. Anthony’s summits are one of the best seminars in this field if not the best. The timing of the summit is perfectly chosen, right now we are living in a very interesting time. Interesting meaning that there are a lot of chances and chances meaning that you could do a lot of things wrong, not only right. Many crucial elements are shifting in the investment industry and in the family office space. The timing is indeed perfect and Anthony hits the spot with the subjects, the delegates and of course the location of the summit." - Markus Lehner, Principal, Markus Lehner Family Office, Monaco, and Chairman of the Summit
The Top of Mind Topics for discussion included: Great Wealth is Created and Destroyed by Human Beings – Families must communicate about important topics, including monetary wealth, in order to move forward. Throughout history, families will struggle and have challenges yet they must stay connected, find a safe space and understand their shared vision.
Technology is the Answer - Families are comfortable with and understand technology, its moving parts and its broad spectrum, and our now delving into new areas referred to as Deep Tech.
"This is the future and Deep Tech is used to combine different technologies to solve some of mankind’s biggest challenges such as longevity and inequality” - Nick Ayton, Founder and CEO of Chainstarter and a family office advisor
Sustainability, Impact + ESG Themes in High Demand - Investors increasingly seek returns that align with doing good for the world and are eager to embrace such opportunities, especially when they incorporate artificial intelligence, machine learning and ESG metrics. Next generation investors, in particular, view this as essential to the future of our society.
Invest in Oneself + The Family – In addition to investing our money, it is essential to invest in oneself and in the family in order to make continued wise decisions. Family stewardship and philanthropy is integral to family governance and the preservation of human capital. Practicing gratitude improves family-business balance.
Elite Investor Insights – Among the investment themes favoured by Summit speakers are: IoT/artificial intelligence/machine FinTech and lending, technology, healthcare, ecommerce, education, aquaculture, entertainment, disruption, start-ups, venture, alternative assets, real estate, solar power, art, clean energy, and digital assets.
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The CEO Magazine Film - 9th Global Family Office Investment Summit, Monaco. 18-20 June 2019 from The Globe-Trotting PR (AB) on Vimeo.
The Family Office Landscape - A Forever Moving Target from The Globe-Trotting PR (AB) on Vimeo.
The Family Office Landscape - A Forever Moving Target (Part 2) from The Globe-Trotting PR (AB) on Vimeo.
