Capital Club Family Offices: Its State of Play in Asia, Middle East, and Europe with Tom Burroughes
Tom Burroughes is a Journalist at ClearView Financial Media. He is the Group Editor of the WealthBriefing family of newswires, including Family Wealth Report. Tom has been editor since March 2008, and prior to this, worked at UK magazine, The Business, and Reuters. He currently lives in London.
In this episode, Tom dives deep into the state of play of family offices in Asia, Middle East, and Europe, how these regions differ from the way family offices are in the United States, and Tom also touches on how COVID as impacted family offices.
[00:01 - 11:31 ] Introducing Tom to the Show
- Tom shares about the state of play of what is happening in the family office in terms of events and networking and activity
- Family Offices are relatively young in the Middle East
- Singapore as the the family office location in Asia
- European family offices market has a different dynamic from the US
[11:32 - 17:23 ] Family Offices in Middle East
- The impact of COVID to Family Offices
- Great potential for Israel and UAE and other Gulf states to work with one another
- Property market has become stronger in Dubai
- Family Offices are spending a lot of time dealing with intergenerational wealth transfer and business succession
[17:24 - 40:25 ] Family Offices in Europe
- The ability of families to amass great wealth was much more difficult because the tax authorities took most of it
- Being a multilingual continent, there may have not been the kind of same level of exchange of ideas amongst top European families about how to govern their affairs that there is in the US
- Regulation in Europe
[40:26 - 43:26 ] Closing Segment
- Final thoughts
- Connect with Tom through the links below
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Connect with Tom:
LinkedIn: www.linkedin.com/in/tomburroughesandwealthmanagement
Website: www.wealthbriefing.com
Connect with me:
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