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May 18, 2021

The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.

The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.

The issue has been highlighted by the $10 billion losses caused to a number of major banks as a result of providing prime brokerage finance to Archegos to invest in the stock market.

May 13, 2021

Providing loans to companies has historically been one of the main components of commercial banking activity and goes back hundreds of years. Today, private debt comes in many forms, but most commonly involves non-bank institutions making loans to private companies based on the cashflows generated by the respective business, or for the acquisition of a hard asset (eg, real estate) or acquiring existing loans on the secondary market.

Providing loans to companies has historically been one of the main components of commercial banking activity and goes back hundreds of years. Today, private debt comes in many forms, but most commonly involves non-bank institutions making loans to private companies based on cashflows generated by the respective business, or for the acquisition of a hard asset (eg, real estate) or acquiring existing loans on the secondary market.

January 14, 2021

The next generation of leaders have a vision for the future which is different to their parents and more strategic, says next-gen social entrepreneur Olga Vysokova.

The next generation of leaders have a vision for the future which is different to their parents and more strategic, says next-gen social entrepreneur Olga Vysokova.

Vysokova, a London-based financial services professional, worked for her parent’s family business for more than a decade and co-founded the Global Next Gen Community in 2019.

December 9, 2020

Covid-19 has created challenges for short-term investment performance and fundraising, but the longer-term prospects are strong and the capital shift to real assets will continue. In 2021, more than ever, real assets are likely to be a source of attractive risk adjusted returns.

Covid-19 has created challenges for short-term investment performance and fundraising, but the longer-term prospects are strong and the capital shift to real assets will continue. In 2021, more than ever, real assets are likely to be a source of attractive risk adjusted returns.

May 10, 2018

Youthful energy for Britain’s oldest bank, BMW recalls another 300,000 cars, and Buffett takes bigger bite of Apple.

Youthful energy for Britain’s oldest bank

A 32-year-old member of the founding family behind Britain’s oldest bank, C Hoare & Co, has been promoted to shareholding partner.

The small private bank in London, founded in 1672 and still owned by the 10th and 11th generations (pictured), wanted to modernise and inject “millennial thinking” into the business, current partner Alexander S Hoare told the Financial Times.

March 8, 2011

Banking group Banco Santander, managed by the Botin family for 115 years, is to launch an initial public offering of its UK unit sometime in the second half of 2011, said the bank.

Banking group Banco Santander, managed by the Botin family for 115 years, is to launch an initial public offering of its UK unit sometime in the second half of 2011, said the bank.

Ana Patricia Botin, daughter of chairman Emilio Botin, is to oversee the IPO. She took over as chief executive of Santander UK in December last year, following the exit of former head Antonio Horta-Osorio.

December 14, 2010

Philippe Gaydoul, grandson of Swiss supermarket entrepreneur, Karl Schweri, is one of three prominent financiers linked to the launch of a new bank in Switzerland.

Philippe Gaydoul, grandson of Swiss supermarket entrepreneur, Karl Schweri, is one of three prominent financiers linked to the launch of a new bank in Switzerland.
 
Reports in the Swiss media say Gaydoul has teamed up with Marcel Rohner, the controversial former chief executive of UBS, and Thomas Matter, the former boss of local bank Swissfirst.
 
Gaydoul will take a 9.5% stake in the new venture, which has yet to be named.
 

July 30, 2010

The first half results of Swiss private bank EFG International has dented the performance of a banking empire run by Greece’s richest man, Spiro Latsis.

The first half results of Swiss private bank EFG International has dented the performance of a banking empire run by Greece's richest man, Spiro Latsis.
 
Zurich-based EFG International revealed this week that it had to write down SFr860 million in an ill-timed purchase of a hedge fund group, Marble Bar Asset Management. The write-offs pushed the bank into a loss of around SFr800 million for the first half of 2010, compared with net profit of SFr20 million in the same period a year before.
 

March 17, 2010

Over lunch yesterday after an exclusive tour of the Rothschild family archive, Baron Eric de Rothschild, sixth-generation chairman of Rothschild Private Banking & Trust, admitted he does not like the word dynasty, writes Marc Smith

Over lunch yesterday, Baron Eric de Rothschild, sixth-generation chairman of Rothschild Private Banking & Trust, admitted he does not like the word dynasty, writes Marc Smith.

This is a surprising revelation since I had just spent the best part of two hours being shown around the Rothschild archive at their London headquarters, which details over 200 years of his family's history.

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