As emerging markets continue to interest investors, a group founded by six western family offices has added a new member from South America.
Turim Family Office & Investment Management has become the first emerging market firm to join Wigmore Association, set up last year to share investment resources and research.
The Brazilian multi family office, which is headquartered in Rio de Janeiro, will be represented by Turim’s chief investment officer, Nelson Abrahao, at Wigmore Association meetings.
He said he was confident the “global intelligence gathered will enable Turim to better serve our clients in Brazil”. The company also has offices in Sao Paulo, Minas Gerais and Porto Alegre.
Family offices from North America, Europe and Australia formed the Wigmore Association last year. Members include UK-based Sand Aire, German HQ Trust, Myer Family Company from Australia and US-based Pitcairn.
Rick Pitcairn, chief investment officer of the eponymous family office, said that the growing importance of South America, and Brazil in particular, “on the world economic stage is undeniable”, adding the Turim should be able to offer “insights and perspective on opportunities throughout the region”.