Over the last decade, the UAE has become one of the top locations for the world’s wealthiest to secure their assets.
Against this background, the number of family offices – private wealth management entities set up to manage family wealth for intergenerational asset protection and growth – has increased substantially.
The role of the family office’s Finance Officer is critical to successfully maintaining and building upon the family’s wealth. Whilst many emerging and growing family offices – including those moving to the UAE for the first time – outsource the Finance Officer function, other larger fully-fledged family offices may opt for a full-time, in-house resource.
Is outsourcing or in-house for your family office? Evaluate the pros and cons here.
