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The $18 trillion challenge for family offices

By Shruthi Nair

Family offices are set to transfer more than $18 trillion to the next generation by 2030 – and that can present challenges for both the old guard and the bright young things.

Those taking over Middle East family offices may be interested in cross-border investment or in newer sectors such as sustainable technology or AI, instead of stalwarts such as healthcare and automotive.

That’s according to Obediah Ayton, chairman of the Family Office Summit, who tells AGBI there can be “a completely different mindset” in different generations of the same family office.

Watch the full video to find out why “slow” banking operations have contributed to the growth of private credit in the region

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