Known as the “world’s No.1 Family Office Conference”, the 11th edition of Sir Anthony Ritossa’s Global Family Office Investment Summit – under the high patronage of HSH Prince Albert II of Monaco – ended yesterday after two intensive days, during which wealthy families, world leaders and managers of family office, debated on investment trends and challenges.
When we attend Sir Ritossa’s Global Family Office Investment Summit for the first time, it is difficult to imagine what it is possible to will find in terms of the quality of the speakers, direct approach to other participants and the general atmosphere.
Despite a post-Covid context complicating the access of some highly awaited participants, the extremely warm welcome from Sir Ritossa, Vanessa Eriksson and the moderators accustomed to gathering their loyal community at annual events around the world in Monaco, Dubai and Riyadh, creates instantly a conviviality and a dynamic which very quickly allows new participants to make the first contacts.
The conference opened with a presentation by Justin Highman CEO of the Monaco Economic Board (MEB), and Hervé Ordioni, CEO of Edmond de Rothschild Monaco, and Chairman of AMAF; the latter recalled that one specificity of the local economy and attractiveness of the Monegasque regime is not to apply direct taxes but rather indirect, through a VAT at 20%, representing 50% of State revenues.
The 2-day program revolved around a variety of sessions offered in short, interactive formats that never weary the audience.
-Sessions of elite groups, presented in the form of a 30-minute interview, animated by highly professional moderators were underlining how wealth families withstand in economic and financial crises, by deploying long term investment strategies, and risks management.
-“Round table” formats intended to deepen knowledge and discuss current topics, in the presence of specialists who have skillfully combined sharing of experience and values, transmission of knowledge, vision, and investment advice’s. The topics developed were as broad as they were ambitious:
Art Investment in the Digital Age
Big Data and AI: Machines better than Humans as Investors?
The unique 3 steps strategy to invest in cryptocurrency in times of crisis
Real Industry Applications of autonomous technology for SmartCity and Beyond
Exponential growth in Entertainment, Media and Technology Alpha
The next Unicorn: a revolutionary biometric solution.
-And a “club deal” section dedicated to the presentation of startups or entrepreneurial projects in diverse sectors that can also be discussed in private. Days were intensive, however, leaving time for networking.
In short, the summit runs counter to popular belief, supported by a generation of young men and women – current and future leaders from around the world. Wealth manager, family office advisor, accomplished entrepreneur, or investor coming to the summit to deploy capital, all had in common the same desire to ensure a positive and lasting impact on society through smart and responsible investment.
Concepts such as social responsible investment, philanthropy, succession of capital and values are the key characteristics of those families who build their wealth over generations based on strong sustained common values. But they do apply to each and everyone. As Dana Al Salem, CEO of Merit Capital & Co-Founder Yahoo Europe, said, transmission does not have to be biological. Transmission can be made to humanity.
“Every platform shall be created to help as many people as possible.” Doing something that has a meaning is the first step to any decision making.
The success of Sir Ritossa’s Global Family Office Investment Summit is certainly to remind one’s role and place in the society.
Article: Joana Foglia