Things are changing in the world of family offices. Single family offices are increasing in number as more people gain enough wealth to make it worthwhile setting one up. At the same time, multi family offices are changing.
Family-owned bank Fleming has joined forces with multi-family office Stonehage, the latest in a series of consolidations in the sector. But when does a family office stop being a family office?
Buyout firms are still doing deals in the Middle East, but they are very different to the leveraged buyouts still associated with PE in Europe and the US.