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February 7, 2023

In this week’s FB Roundup, Kumar Birla appoints his children as directors of the Aditya Birla Group; the Rothschild family plan to take their investment bank private; and the son of Brazilian billionaire Banco Safra founder sues his family.

Kumar Birla appoints children as directors of Aditya Birla Group
In a purported succession overture, Indian billionaire businessman and philanthropist Kumar Birla has appointed two of his children as directors to oversee the retail unit of the Aditya Birla Group.

December 15, 2021

C Hoare & Co is the UK’s oldest private bank, founded in 1672 and still family owned, with a long history of philanthropic practices across its 11 generations. This culminated in the formal appointment of a head of philanthropy in 2018, an appointment bestowed upon Rennie Hoare, one of the bank’s youngest partners.

C Hoare & Co is the UK’s oldest private bank, founded in 1672 and still family owned, with a long history of philanthropic practices across its 11 generations. This culminated in the formal appointment of a head of philanthropy in 2018, an appointment bestowed upon Rennie Hoare, one of the bank’s youngest partners.

November 2, 2021

Fraud thrives in times of crisis and the Covid-19 pandemic has proven to be no exception. Factors such as supply chain issues, workforce constraints and the withdrawal of the furlough scheme in the United Kingdom in September 2021 is putting further pressure on employees and management alike.

Fraud thrives in times of crisis and the Covid-19 pandemic has proven to be no exception. Factors such as supply chain issues, workforce constraints and the withdrawal of the furlough scheme in the United Kingdom in September 2021 is putting further pressure on employees and management alike.

May 19, 2021

The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.

The recent losses caused by Archegos Capital Management on Wall Street have shone what may be an unwelcome spotlight on the regulation of family offices. This has led to concerns, particularly in the United States, that new disclosure requirements may now be imposed on family offices.

The issue has been highlighted by the $10 billion losses caused to a number of major banks as a result of providing prime brokerage finance to Archegos to invest in the stock market.

May 13, 2021

Providing loans to companies has historically been one of the main components of commercial banking activity and goes back hundreds of years. Today, private debt comes in many forms, but most commonly involves non-bank institutions making loans to private companies based on the cashflows generated by the respective business, or for the acquisition of a hard asset (eg, real estate) or acquiring existing loans on the secondary market.

Providing loans to companies has historically been one of the main components of commercial banking activity and goes back hundreds of years. Today, private debt comes in many forms, but most commonly involves non-bank institutions making loans to private companies based on cashflows generated by the respective business, or for the acquisition of a hard asset (eg, real estate) or acquiring existing loans on the secondary market.

January 14, 2021

The next generation of leaders have a vision for the future which is different to their parents and more strategic, says next-gen social entrepreneur Olga Vysokova.

The next generation of leaders have a vision for the future which is different to their parents and more strategic, says next-gen social entrepreneur Olga Vysokova.

Vysokova, a London-based financial services professional, worked for her parent’s family business for more than a decade and co-founded the Global Next Gen Community in 2019.

December 9, 2020

Covid-19 has created challenges for short-term investment performance and fundraising, but the longer-term prospects are strong and the capital shift to real assets will continue. In 2021, more than ever, real assets are likely to be a source of attractive risk adjusted returns.

Covid-19 has created challenges for short-term investment performance and fundraising, but the longer-term prospects are strong and the capital shift to real assets will continue. In 2021, more than ever, real assets are likely to be a source of attractive risk adjusted returns.

May 10, 2018

Youthful energy for Britain’s oldest bank, BMW recalls another 300,000 cars, and Buffett takes bigger bite of Apple.

Youthful energy for Britain’s oldest bank

A 32-year-old member of the founding family behind Britain’s oldest bank, C Hoare & Co, has been promoted to shareholding partner.

The small private bank in London, founded in 1672 and still owned by the 10th and 11th generations (pictured), wanted to modernise and inject “millennial thinking” into the business, current partner Alexander S Hoare told the Financial Times.

March 8, 2011

Banking group Banco Santander, managed by the Botin family for 115 years, is to launch an initial public offering of its UK unit sometime in the second half of 2011, said the bank.

Banking group Banco Santander, managed by the Botin family for 115 years, is to launch an initial public offering of its UK unit sometime in the second half of 2011, said the bank.

Ana Patricia Botin, daughter of chairman Emilio Botin, is to oversee the IPO. She took over as chief executive of Santander UK in December last year, following the exit of former head Antonio Horta-Osorio.

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