2023重点关注家族理财办公室（英）.doc

该【2023重点关注家族理财办公室（英） 】是由【youyicheng】上传分享，文档一共【11】页，该文档可以免费在线阅读，需要了解更多关于【2023重点关注家族理财办公室（英） 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。FamilyOfficeStudy2023CoverAhmetKUSAKOG/iStockCurrentchallenges,investmenttrendsandthegrowingimportanceofESGcriteriaJanuary20242 FamilyOfficeStudy2023Inanutshell...-,,,,,&healthcareaswellasIT&,digitalization,processprofessionalizationandtheshortageofworkforce, FamilyOfficeStudy2023FamilyofficeshavemorechallengestoaddressCurrentchallengesanizationsacrosstheeconomy,?%offamilyKeychallengesforfamilyofficesbyrelevance(multipleresponsespossible)offices,risinginterestratesandthehigherprojectandfinancingcoststheybringcurrentlyrepresentthebiggestchallenge(2022:82?%).Whiletheenergyandrawmaterialscrisiswasstilltopoftheagendalastyear(2022:89?%),only47?%:?%(2022:83?%)?%offamilyoffices,(50?%;2022:47?%)andclimatechange(42?%;2022:41?%)havegainedimportance,familyofficesarecurrentlyfocusingonoptimizingtheirassetallocationtoenablethemtocopewiththebiggestchallengesandminimizetherisks,?%(2022:27?%)RisinginterestratesGeopoliticalupheavalsRecessionDigitalizationEnergyandrawmaterialscrisisClimatechangeOtherpoliticalinfluencesCOVID-19Challengesconsideredsignificantorverysignificant6?%8?%61?%25?%14?%14?%50?%22?%6?%25?%56?%14?%8?%42%42?%8?%17?%36?%39?%8?%3?%25?%31?%36?%6?%14?%64?%14?%8?%50?%39?%3?%3?%6?%seenaslessofachallengeaswell(22?%).VeryinsignificantInsignificantNeutralSignificantVerysignificantSource:RolandBerger4 :almostallofthemwanttorealigntheirassetallocationsandadaptthemtotheFamilyoffices'activitiesandreadjustmentplansinthedifferentassetclasses(92?%;2022:88?%),(92?%;2022:89?%)and,aboveall,privateequity(PE)?%panies,while86?%,60?%(2022:49?%),,onlyaround40?%offamilyofficesincreasedtheirleveloffixed-,60?%arecurrentlyplanningtoinvestmoreinbondsorotherfixed-(78?%;2022:70?%).,funds(78?%)andventurecapitalinvestments(75?%)inglessimportant(2022:each82?%).Only42?%offamilyofficesconsidercryptoanddigitalassetsintheirinvestmentdecisions.CashRealestateStocksPrivateequity(directinvestments)Privateequity(funds)Fixed-einvestmentsPreciousmetalsFundsVenturecapital(directinvestments)Crypto&digitalassets12?%15?%47?%3?%21?%55?%12?%58?%9?%3?%28?%38?%6?%3%48?%3?%37?%11?%14?%61?%4?%32?%50?%22?%7?%37?%7?%20?%53?%21?% 6?%94?%18?% 3?%92?%30?%92?%22?%89?%32?% 10?%86?%57?% 3?%83?%11?% 4?%78?%14?%78?%26?% 7?%75?%20?%42?%SignificantreductionReductionNochangeIncreaseSignificantincreaseSource:RolandBerger5 FamilyOfficeStudy2023FamilyofficesmakedirectinvestmentsincharacteristicwaysDirectinvestmentsinprivateequityAnincreaseindirectinvestmentisatrendwealreadydescribedinourfirststudyin2021,,thefamilygainstheopportunitytobeinvolvedinbusinessprocesses,,pany'sbusinessmodel,,-50million,whileonly16?%?%,40?%neverorrarelydoso,'snetworkandmandatedM&Aadvisors.Shareoftargetsfromthesameindustryasthefamilybusiness[%]13?%22?% AlwaysNever16?%Often19?%Rarely31?%SometimesSizeoftargetsacquired[revenueinEURmillion]3?%10?% EUR301-500millionEUR101-300million3?%EUR51-100million48?%EUR0-20million35?%EUR21-50millionSource:RolandBerger6 FamilyOfficeStudy2023Medicine&healthcareandIT&digitalbusinessmodelsarethetargetsectorsInvestmentfocusforfamilyofficesTobetteraddresscurrentmarkettrendsandexploitinvestmentopportunities,?%paniesfromthemedicalhealthcaresectorarecurrentlytopoftheagenda(2022:66?%).ThisismainlyduetoouragingsocietyandtheexperienceoftheCOVID-&digitalbusinessmodels,too,areconsideredincreasinglyattractive(67?%;2022:64?%).,ontheotherhand,elessimportant,nowconsideredrelevantbyonly50?%,thisindustrywasstillinthetopspotat68?%.&,,thefamily'sindividualinterestsintherespectiveindustriesalsoplayanincreasinglyimportantrole.Focusedinvestmentareasforfamilyoffices(multipleresponsespossible)69?%67?%50?%36?%33?%22?%14?%Medicine& IT&digital Green Infra- Industrial Services Finance&healthcare businessmodels technologies structure applications fintechsSource:RolandBerger7 FamilyOfficeStudy2023FamilyofficesareincreasinglyconsideringESGcriteriaintheirchoiceofassetsImportanceofESGcriteriaforfamilyofficesThesignificanceofenvironmental,socialandgovernance(ESG)?%ofrespondents,?%,64?%,?%.Notleastduetotheheightenedlegalrequirements,pliancesystem(69?%)-prehensiveriskmanagement(64?%),63?%,positionofmanagement,arehighlyrelevantforjust21?%offamilyoffices.InfluenceofESGcriteriaontheselectionofpotentialassetsShareoffamilyofficesforwhichthetopicis8?%6?%31?%50?%relevant6?%EnvironmentalResourcescarcity100?%10?%5?%48?%33%5?%6?%15?%32?%47?%Carbonfootprint94?%Waterconsumption/9?%9?%35?%47?%94%pollutionOther58?%Safety/health3?%33?%64?%100?%Supplychain6?%14?%39?%33?%8?%100?%transparencySocial3?%11?%56?%31?%Othersocialfactors100?%6?%29?%63?%3?%Employeetreatment97?%6?%6?%65?%24?%Other47?%6?%25?%58?%11?%GovernanceCompliance100?%Riskmanagement3?%6?%28?%50?%14?%100?%3?%34?%43?%20?%Ethicalmanagement97?%7?%71?%21?%Other39?%VerylowLowNeutralHighVeryhighSource:RolandBerger8 ,,,,47?%,,therecanoftenbealackoftransparency,andImportanceofthenon-financialimpactofinvestments8?% 8?%Unimportant Veryimportant42?% 42?%Neutral ImportantFrequencyofmeasuringtheimpactofinvestments6?%Neverthiscanreduceindividualstakeholders'acceptanceofsustainableinvestments.19?%Rarely22?%Always28?%25?%OftenSometimesSource:RolandBerger9 FamilyOfficeStudy2023anizationalandfamily-relatedchallengesLastyear,around20?%,anizationalchallengesforover90?%(89?%)andinternationalizingthefamilyoffice(56?%).Lookingattasksdirectlyconnectedtothefamily,78?%offamilyofficesbelievethattheirgreatestchallengeistoputappropriatestructuresinplaceforthenextgenerationtotakeoverthebusiness,aswellastoensureadequateconsiderationofthefamily'sattitudetoriskinprocesseswithinthefamilyoffice(73?%).Gettingthenextgenerationinvolvedinthebusinessatanearlystageisachallengefor72?%(61?%)andeffectivegovernancestructuresthatenablethefamilytohaveanactiveinfluenceaswellasco-determinationarealsoimportantfor56?%.Refinancingthefamilybusinessislessrelevantforfamilyoffices(28?%)owingtotheclearseparationbetweenthebusinessandthefamilymoney.InternalchallengesforfamilyofficesChallengesconsideredimportantandveryimportant8?%42?%50?%CybersecurityOrganizational8?%53?%39?%challengesDigitalizationAccesstotalent3?%6?%64?%28?%Professionalization3?%8?%50?%39?%Internationalization3?%42?%42%14?%Structuresforbusiness8?%14?%42?%36%ession6?%22?%42?%31?%Reflectingthefamily'sFamily-relatedattitudetoriskchallenges3?%8?%17?%44?%28?%Integratingthenewgeneration6?%33?%47%14?%SustainabilityGovernancestructuresfor3?%39?%31%25?%co-determination25?%19?%28?%14%14?