By the year 2030, more than US$15 trillion in wealth will transition from one generation to the next. It is vital for multi-generational high-net worth and ultra-high net worth families to have effective plans in place to preserve their wealth, protect assets and ensure robust corporate governance.
Although this framework supports success for family offices, forward-thinking families must also consider the purpose, the location and strategy to align their values with other factors to support better outcomes and prevent future problems.
Led by a panel of family office professionals who work in and with a range of markets including Europe, Africa, the Middle East and Asia, this webinar session offers clear insights into the factors families and their advisors must consider now to better support future-focussed family offices.
The panel address questions on:
Robert joined Jersey Finance as Business Development Director following three years with Ocorian Limited in Jersey. Born in Dublin, Robert has over 13 years’ financial service experience in Jersey.
Prior to Jersey Finance, Robert was employed as a Client Director in the Alternative Investment Division of Ocorian Limited. Previous to this he spent eight years with Garfield-Bennett Trust Company and two years with the TMF Group. Robert has extensive experience within the private wealth, real estate and private equity sectors and has held executive director roles on a number of complex portfolios with varied administrative and regulatory requirements. Professionally he is a member of the Society of Trust and Estate Practitioners (STEP) obtaining the Diploma of International Trust Management, entitling the TEP designation.
Kevin Lemasney Director High Value Residency, Locate Jersey
Kevin is Director for High Value Residency at Locate Jersey, the Government of Jersey team responsible for attracting and relocating Inward Investment Businesses and High Value Residents to the Island. Acting as a single point of contact for all interested and established HNW families, he is responsible for assisting High Net Worth Individuals (HNWIs) through the process of moving to Jersey. He works with them on the relocation of their families and businesses, providing comprehensive, independent, confidential and free advice throughout the process, something he is well placed to do having himself relocated with his family in 2001. In addition to living and working in his native Ireland, the UK, France, Switzerland and Jersey, he has carried out consultancy work in Greece, Malta, Kenya, Zimbabwe, Ethiopia, Australia and New Zealand. Married to Cora, with two grown up children, he is a champion of sport, education, culture and community projects in Jersey. He is also a keen travel
Clare Stirzaker Partner and Solicitor, PwC
Claire is a partner and solicitor at PwC UK, who advises UK and internationally wealthy families on legal, governance and tax matters relating to their personal and business affairs. Claire qualified as a lawyer in 2008, and has since worked exclusively within the private client industry. Throughout her career, she has developed extensive legal and commercial experience of advising clients on how to develop the right structures for the holding, management and succession of their wealth such as the development of family offices. She now heads up the Private Client Legal practice at PwC. Claire is viewed as one of the leading private client advisors in the UK and has won numerous private client prizes with STEP, Spears and Citywealth.
Robert Hersov Chairman, Invest Africa
Robert Hersov, is a South African entrepreneur, senior executive and private investor based in Cape Town. He serves as Chairman and CEO of Invest Africa, Chairman of African Capital Investments, deputy Chairman of VistaJet, chairman of Aon Africa and on the advisory board of Sard Verbinnen & Co. Hersov’s late grandfather, Bob Hersov, founded AngloVaal, one of Southern Africa’s largest mining and industrial companies, which his father, Basil Hersov, ran from 1973 to 2001. Rob has been a member of many public and private boards and owns many companies in the resource, media/marketing, luxury and finance sectors. Rob has been focused on investing in Africa, a continent close to his heart given his South African upbringing and family ties.
Rasha Laswi Managing Director, Andersen Tax and Legal - Jordan
Rasha Laswi is the Managing Director of Andersen Tax and Legal - Jordan. She has enjoyed success as an in-house legal adviser to some of the most prominent Jordanian companies, such as Orange Telecom and participated in the IPO of Hikma Pharmaceutical PLC which got listed with the London Stock Exchange. Under the Legal 500, Rasha was the only female leading lawyer in 2015 and 2016 under the “Commercial, Corporate and M&A” practice area, which recognized her as one of ten top lawyers in Jordan. Under the IFLR1000, Rasha was and continues to be a leading lawyer, which recognizes her as one of the top 20 lawyers in Jordan, three of which are female lawyers. Rasha appears regularly as a speaker, including the WPP Conference on Innovative Strategies for Women’s Empowerment and the IFN Jordan Forum. Rasha is also recognized as one of the Women Leaders of the Kahlil Gibran Chair for Values and Peace.
Alfred Liu Senior Associate, Forsters LLP
Alfred is a Senior Associate in the Private Client team. He is accomplished in a diverse range of private client practice areas with a particular focus on international individuals and families. He regularly advises on: cross-border estate and succession planning; the creation and administration of trust structures; family governance and business transitioning; and UK tax matters including pre-residence planning for non-UK domiciliaries and the acquisition of UK real estate for overseas investors. He also specialises in high-net worth UK immigration with a particular expertise on the UK Tier 1 (Investor) Visa.
Anthony Pitcher Group Head of Family Office, LGL Group
Tony helps ultra-wealthy families with multi-jurisdictional aspects to their lives to realise their wealth planning goals. He is an expert in Fiduciary Decision Making and has near unrivalled understanding of what is important in transactions, communicating that effectively and delivering results. He is a Chartered Accountant and a graduate of Warwick Business School with a degree in Accounting and Financial Analysis, Tony is a past chair of STEP Jersey and a former Tax partner at EY where he advised on UK taxation of non UK trusts and companies. He is currently a member of the STEP Worldwide Board, Public Policy Committee and of the International Client Special Interest Group. Tony is also a past Chair of the Jersey Taxation Society and has worked on a number of consultative bodies relating to Jersey’s finance industry. In addition, Tony was formerly Jersey Managing Director of a major Canadian bank owned trust business leading a large team of trust professionals.