Right from the very dawn of the automobile in the 1800s, the name Maybach has been synonymous with quality engineering and high-end luxury. Now one scion is keeping that name alive in a unique fashion.
A data leak revealing details of some of HSBC’s wealthiest clients has made headlines around the world today, detailing how the private bank assisted clients with tax evasion and denied governments in their home countries billions of dollars of revenue.
One of the most enduring family office myths is that no one office is alike. The industry’s most common phrase, ‘once you’ve seen one family office, you’ve seen one family office’, speaks to their distinct nature. Yet the UBS and Campden Wealth Global Family Office Report 2014 cast doubt on this conventionally held wisdom.
Multiple jurisdictions, private equity, generational mathematics, soft services and professionalisation are some of the trends set to rock the family office sector in 2015, according to three family office experts.