Tests faced by wealthy family businesses in the Gulf are usually related to a stock market crash, loss of an investment or, at worst, the sudden death of the family patriarch. However, the Covid-19 pandemic has brought about a new and unprecedented challenge.
When the outbreak was announced the immediate concern for wealthy families, or private clients as we refer to, was the health and safety of the family patriarch since they were now of an advanced age which placed them in the vulnerable and high-risk category.
