Two weeks ago, Euromoney remarked on the pace of growth of global multi-family offices (MFOs).
Pointing to the example of McFaddens & Co, we said that every month this once-peripheral part of the private wealth space “gets a foot taller”.
When we published those words, London-based McFaddens had just opened its first Dubai office, adding $300 million to its investment portfolio and taking total assets under management (AuM) to $1.6 billion.
Well, this Wednesday, the company announced a joint venture with China International Industry & Commerce (CIIC), a privately run conglomerate based in Beijing.
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