Blockchain
Sir Anthony Ritossa’s Highly Acclaimed 10th Global Family Office Investment Summit Concludes in Dubai
Sir Anthony Ritossa’s 10th Global Family Office Investment Summit concluded in Dubai with 600+ attendees representing $4.5 trillion+ in wealth providing a standing ovation. In addition to Family Offices, the elite guests included Prominent Business Titans, Sheikhs, Royal Families, Private Company Executives, Sovereign Wealth Funds, and others who traveled from 40+ countries and all seven continents to attend the exclusive event.
Noteworthy delegates who convened at the Four Seasons Resort Jumeirah Beach under the High Patronage of His Highness Sheikh Ahmed Al Maktoum included a record number of UAE Ruling Families and Sheikhs such as H.H. Sheikh Sultan Bin Abdullah Sultan Al Qasimi. Associate Director of Strategic Partnerships Faris Al Tahtamooni at The Office of Sheikh Sultan Bin Abdullah Al Qasimi, UAE presented the welcoming address to discuss the impressive progress of LEAD Ventures, which is actively enabling businesses and partners to join the UAE’s competitive market and prosper with its rich industry experience and high calibre network. Sir Anthony Ritossa recently joined their Board as a Senior Advisor.
An important highlight was the Summit Award honouring Mohamed Al Ali for his on-going role as a Global Dignitary and his service as Distinguished Grand Ambassador for the Dubai Summit — in addition to his position as CEO & Advisor to Sheikh Ahmed Al Maktoum International Investments Enterprise, UAE.
“The 10th Global Family Office Summit event in Dubai proved to once again be a crowning achievement for Sir Anthony Ritossa and his ‘family of family offices’. It is always a pleasure to welcome my colleagues and friends from around the world to Dubai and an honour to serve as the event’s Distinguished Ambassador,” said Mohamed Al Ali, CEO & Advisor, Sheikh Ahmed Al Maktoum International Investments Enterprise, UAE.
“This Dubai Summit was especially important to me as I recently relocated my family to Dubai,” said Sir Anthony Ritossa, Chairman of Ritossa Family Office, a family business dating back 600 years to the Venetian Empire in Europe and with deep roots in the Middle East. “I am especially humbled that it was our most well-attended Summit to date and that so many family offices continue to return year after year so as to become like family to one another. In addition to doing business together we are truly united as a community of like-minded family offices committed to fostering peace and global cooperation.”
Key areas of discussion revolved around thought leadership topics such as how to preserve the family legacy, key investment themes for 2020 and beyond, developing a culture of excellence, strategic philanthropy and more.
Inside a Culture of Excellence – Anton Oliver, former captain of the New Zealand All Blacks Rugby Team, shared how his experience with the world’s most high-performance team provides lessons for family businesses who seek a winning culture and strive to stretch boundaries. Key themes include: Motivation and working hard both as an individual and as a team; creating and preserving an Identity; and the importance of focusing on high standards driven by innovation as a prelude to Top Performance. It is essential to be willing to learn and work both as individuals as families.
Elite Investor Insights for 2020 & Beyond – Collaboration is key for global investors as they consider current megatrends, geopolitical risks, economic challenges, and the big picture of the global landscape. Specific examples include timely trends and events such as US-China trade tensions, technological advances, and an ever-growing commitment to sustainability that all translate into new investment opportunities.
Philanthropy, Impact & Socially Responsible Investing – Family offices are deeply committed to supporting causes where they can make a difference and improve society. The Fred Hollows Foundation, based in Australia and founded in 1992 by renowned eye surgeon Fred Hollows, is one example of a philanthropic organization that is leading the way by treating and preventing blindness and other vision problems worldwide.
The Human Factor Behind Great Wealth – Because great wealth is created by human beings and destroyed by human beings, human behavioural risk represents a threat to family enterprises. Therefore, governance is an important tool for effective negotiations. Vera Boissier, Founding Partner of Circle 7 Capital Family Office, led a riveting discussion of family dynamics with H.R.H. Prince Michel de Yougoslavie, Grandson of King Umberto of Italy and Prince Paul of Yugoslavia, Monaco; H.S.H. Prince Hermann zu Leiningen, Grandson of King Boris III Bulgaria and Granduchess Maria of Russia, Canada; H.S.H. Prince Carl Eduard von Bismarck, former member of the German Parliament, CEO of Bismarck Consulting, Great Grandson of German unifier Otto von Bismarck, Germany; and Markus Lehner, Principal, Markus Lehner Family Office, Monaco
The Eternal Flame Inside Families & the DNA of Success – Leading family offices shared the inside stories of how their businesses started, grew and evolved into major power house. Justin Rockefeller, Co-founder of The ImPact and Director of Family Offices & Foundations at Addepar, Rockefeller Brothers Fund shared his family’s strategies for keeping the family united, which include educational events, strong communications, family meetings, and more.
Spotlight on the UAE – A deep dive into the UAE and GCC’s current investment landscape revealed why the region is uniquely positioned as a global, forward-thinking powerhouse. As a launching pad to new markets with good relationships with everyone around the globe, the UAE is an ideal location for international businesses seeking to thrive and prosper.
Co-Investing Amongst Global Families – Some of the world’s savviest families have made tremendous multi-generational wealth from cherry picking the best off-market co-investment deals. Private capital is flowing into areas such as real estate, blockchain innovation, artificial intelligence, technology and education, for example.
Please save the date for upcoming Global Family Office Summits:
Kingdom of Saudi Arabia11th Global Family Office Investment Summit – 23-25 March 2020
Principality of Monaco12th Global Family Office Investment Summit – 24-26 June 2020
Dubai13th Global Family Office Investment Summit – 10-12 October 2020
SOURCE Ritossa Family Office
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
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- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
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