Intertrust Group Managing Director Marie McNeela discusses the representation of women in family office.
Women are increasingly significant generators, owners and investors of substantial wealth. A secular trend that is predicted to gather momentum. According to Forbes, 11% of their list of 2020 Billionaires are women, and The Centre for Economics and Business Research estimates that by 2025, 60% of the UK's wealth will belong to women.
Is this increasing feminisation of the ownership and management of capital translating to greater gender diversity and inclusivity in the private wealth management industry and family offices? And if so, what is the impact across the industry?
To help understand better the trends and impact of the growing influence of women on governance of family offices, Guernsey Finance commissioned Family Capital to undertake research on this major issue.
Given the importance of the Middle East to the private wealth industry we were also keen that the work looked specifically at the region. Through Family Capital's extensive network it has been able to reach a global representation of family offices and deliver an outstanding piece of research.
As a global finance centre with a strong tradition of providing specialist private wealth services, Guernsey has a proven track record in promoting good governance in corporate structures and family offices. I am also pleased to say that women are strongly represented at senior levels in our private wealth sector.
Guernsey professionals and firms are well placed to have meaningful conversations on the issues raised by this research, provide expert advice and support to establish family office services with good governance at their heart.
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
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