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With a family line that dates to the year 1000, Octavian Pilati learnt from an early age the weight and importance of legacy. But when a crisis saw him taking over the family business at the age of 26 and subsequently shepherding a successful exit, he saw an opportunity to break out on his own and advise others of the pitfalls of fractured family dynamics and unclear succession planning.

With a family line that dates to the year 1000, Octavian Pilati learnt from an early age the weight and importance of legacy. But when a crisis saw him taking over the family business at the age of 26 and subsequently shepherding a successful exit, he saw an opportunity to break out on his own and advise others of the pitfalls of fractured family dynamics and unclear succession planning.

As a well‐recognised premier international financial and wealth management centre with the second largest number of ultra-high-net-worth individuals in the world, Hong Kong offers many unique advantages for family offices to operate and grow, explains Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.

As a well‐recognised premier international financial and wealth management centre with the second largest number of ultra-high-net-worth individuals in the world, Hong Kong offers many unique advantages for family offices to operate and grow, explains Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.

In this week’s FB Roundup, US president Joe Biden proposes a billionaire income tax; the preferred bid for new Chelsea FC ownership is to be presented by April 18; and BNY Mellon appoints a new head for global family office.

In this week’s FB Roundup, US president Joe Biden proposes a billionaire income tax; the preferred bid for new Chelsea FC ownership is to be presented by April 18; and BNY Mellon appoints a new head for global family office.

The Chinese proverb “Wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though says Wharton finance professor Richard Marston.

The Chinese proverb “Wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though says Wharton finance professor Richard Marston.

Ex-head of BioNTech brothers’ family office builds his own business, American business advisory firm Hightower makes a strategic investment and Sir John Beckwith’s family office appoints a new asset management chairman.

Ex-head of BioNTech brothers' family office builds his own business, American business advisory firm Hightower makes a strategic investment and Sir John Beckwith's family office appoints a new asset management chairman.

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