Despite the turmoil brought on by the Covid-19 pandemic, family-owned enterprises have managed to stay resilient. The world's largest 500 family businesses generated USD7.28 trillion in revenues, employing 24.1 million people across 45 jurisdictions. These and other findings were published today in the 2021 EY and University of St. Gallen Family Business Index which reveals how the largest family-owned businesses have responded to the recent turbulence in the global economy.

Family Legacy Capital Management (FLC), a private investment manager for family offices, has launched FLC Credit Partners, a private credit fund manager.  

International family office Stonehage Fleming has appointed Hélie de Cornois as Director and Head of Estate Planning.

Walter Global Asset Management (Walter GAM), W Investments Group LP (W Investments) and the Grondin Group have launched Samara – a multi-family office that will offer 'a personalised, values-based approach to clients and a full range of wealth management services and institutional-calibre investment solutions'.

McFaddens & Co, an international multi-family office providing the global suite of investment, wealth management, philanthropic and lifestyle services, has completed the establishment of the McFaddens & Co UAE operation, expanding the Group’s operations in the fast-growing and underserved EMEA market.   

Arden Partners, an AIM -listed institutional stockbroking company, has appointed Zoe Alexander as Head of its Family Office team to help drive the company’s ability to access private capital.

Gulf-based family office and investment company, Tintra, has completed a transaction that will see it ultimately holding a 29.9 per cent shareholding in St James House (SJH) PLC. 

Internationally, Family Office capital is worth USD5.9 trillion of investable assets, and the families behind them represent USD9.4 trillion, according to Campdem Research. 

The Coury Firm, a privately-held multi-family office and strategic business advisory platform serving select ultra-high-net worth individuals, families, and their business interests, has expanded its leadership team to focus on significant growth opportunities ahead.

Transmission Private, a strategic communication agency for successful individuals and their businesses, has launched a new dedicated communications services aimed at helping private investors, family offices, and private equity firms secure competitive deal flow.