Comprehensive Risk Management For Australian Family Offices
Following the economic downturn in 2008 and now again during the Novel Coronavirus pandemic, many affluent families and their professional advisors have concentrated their focus on how their controlled processes and investments have been managed, the resiliency they have displayed during down markets and where returns are being generated, taking into account the degree of exposure to systematic risks and the uncertainties faced by all.
As well as maintaining a focus on risk management precautions, family governance requirements and balance sheet provisions, comprehensive risk management for Australian Family Offices has also come to mean remaining informed about doing business across borders, preparing for technological disruptions and forecasting the overall consequences of an increased frequency of financial repression by central banks around the world.
Uncovering such risks and determining what opportunities matter to all within a family group has led to more comprehensive decision making for the future. This ultimately requires anticipating change and preparing for rare events; an increasingly difficult task when attempting to anticipate future technological, economic, social and environmental developments.
The Australian Family Office Developments In Focus Series provides contemporary insights, hands-on methods, practical ideas and timely examples, shared by some of Australia’s preeminent leaders in this community.
For Australian Family Offices & Private Investment Companies (PICs) – Positive Environmental, Social & Governance (ESG) Impact: Methodology, Implementation & Accountability
Australian Standfirst Investment Committee Member, Eran Reinisch (Founder of Israeli Multi-Family Office, Excaliber Capital) & Kwame Owusu (Australian Standfirst) discussing Global Family Office Investment Management in 2020 recorded at Australian Standfirst’s Infinity Black Digital Studio.