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The implosion of Bill Hwang’s Archegos focused attention on family offices, a fast-growing, lightly regulated and ill-defined asset class. Greater oversight is surely inevitable, as is the evolution of the sector away from small, standalone entities into truly global multi-family wealth managers.
What They Said
CEO Jane Fraser explains Citi’s decision to exit 13 Asian and EMEA retail markets
Mikhail Mamuta on the raft of measures being introduced by the Central Bank of Russia
Alison Harding-Jones, EMEA head of M&A at Citi, speaking from an M&A perspective
Rich Thomas, head of European shareholder advisory at Lazard, points to breakups and spin-offs
With Greensill and Archegos, António Horta-Osório has more on his plate than a medieval King. But Credit Suisse’s new chair could do something that would placate doubters and please investors: pivot firmly to Asia.