Dubai 2023 - Optimising Family Office Formation and Operations from the Rapidly Evolving UAE Wealth Market

Hubbis and exclusive partner for the event, Eton Solutions hosted a behind-closed-doors discussion amongst leading wealth management advisors in Dubai on March 14 on the market evolution around wealth planning and family offices for UHNW clients in the Middle East and beyond. In this review, Hubbis has extracted and distilled some of the key observations from the invited experts, presenting those on a non-attributable basis, and also from Eton Solutions, Satyen Patel, Executive Chairman as well as Bryan Henning, VP and Head of International, presenting their insights.

The event was organised to explore some of these topics:  

• What is the UAE doing to attract more Family Offices?
• Where are these UHNW Families coming from? What are the typical differences between a family from different geographies and their expectations?
• What will be the implications of the DIFC’s ‘Global Family Business and Private Wealth Centre’?
• What are the key issues to consider when setting up a Family office in the UAE?
• What steps do you need to take to create a modern and efficient, fit-for-purpose family office?
• How do you structure the management team and the operations?
• What technology do you need for a future-focused family office?
• What should you manage in-house, and what can you, or should you outsource?
• What are the typical challenges around working in a family office?
• What do you need to do to get the right talent and retain them?
• How do you find the right partners to make this a success?