When should a family’s office become a Family Office?
Bilal Zein, Chief Operating Officer at Quanon Capital Ltd, knows the answer. In 2001, Bilal set up a Single Family Office, discreetly serving a family of wealth, as well as overseeing their corporate family business and direct operating assets. He has 32 years of experience of managing multi-assets, including financial, legal and operational.
Passionate about wealth management, and with a great depth of knowledge in relation to family and corporate governance, he is ideally placed to explain the evolution that a business founder, principal or inheritor may take when moving from using the family business’s offices for support, to setting-up a separate investment office, or moving to a Family Office.
According to Bilal, it’s only natural that the founder, or principal of a business, leans on the company’s professionals for personal help from time to time. After all, the business is their life, and vice versa: the founder’s and the business’s affairs often overlap and intertwine. The embedded family office, as it is termed, may also provide support (both investment related and personal) to the founder’s family members that also work in the business. However, there comes a point when the interests of the family and the business are best served separately.
Bilal tells all about the evolution from investment office to family office for the next instalment in our Family Office Interview Series.
To read the full interview click here.
