As the next generation of leaders emerges as influential figures in their respective sectors, established players must pivot to meet their evolving needs. Forbes describes the next generation as “naturally more tech-savvy, value transparency and have strong beliefs around sustainability – four factors that will bear significantly on how banks engage with family offices and force a need to evolve their services to stay relevant”. At Itriom, we not only recognise these shifts but provide the support necessary for seamless transition planning and tailored succession solutions that align seamlessly with the dynamic family office environment.
Citi Private Bank’s Global Family Office Report for 2023 provides invaluable insights into the year’s transformative trends. With 268 respondents hailing from leading family offices worldwide, overseeing a collective wealth of $565 billion, the report unveils crucial shifts that have shaped the landscape.
More than private banking
Globalisation comes standard
Technology is inherent
Transparency breeds trust
Focused philanthropy
In conclusion, as family offices continue to transform, Itriom stands at the forefront, offering tailored solutions that empower clients to navigate these changes with confidence. Our expertise in succession planning, coupled with a deep understanding of the trends outlined in Citi’s Global Family Office Report, positions us as trusted partners in ensuring enduring success for generations to come.
Matthew Millard-Beer is CEO & Founder, based in Itriom’s London Office.
Itriom is the global impact platform helping leading families shape a better world. Itriom’s platform enables families to refresh and redesign their values, aligns them with the right UN Sustainable Development Goals, combining them in an agreed purpose and a Family Impact Charter. Itriom’s platform supports the development of impact initiatives and whilst providing discrete and secure spaces for peer-to-peer messaging and collaboration. Itriom’s core practices in leadership, geostrategy, and sustainability benefit clients by developing strategies to engage and support the next generation in building a lasting legacy of which families can be proud.
Itriom’s leadership and resilience practice instils all-encompassing leadership in support of principals of leading families and the next generation preparing for family succession, transition and evolution.
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