Northwood Announces Global Family Office Collaboration
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/17/11 -- Northwood Family Office, Canada's leading independent family office, today announced the creation of the Wigmore Association, an innovative collaboration of six leading family offices from around the globe. The group is composed of the Chief Investment Officers of each of the family offices and plans to share investment manager research, global investment perspectives and best practices for serving wealthy families.
Wigmore Association members firms come from across North America, Europe, and Australia. In addition to Northwood, the other founding members include HQ Trust (Germany), The Myer Family Office (Australia), Pitcairn (U.S.), Progeny 3 (U.S.), and Sand Aire (U.K.). They expect to add one additional family office from Asia and one from South America to the group within the next year.
Tom McCullough, President and CEO of Northwood Family Office, said: "We are very excited to be part of this global collaboration. The collective resources, assets and intellectual capital within this group are formidable. The opportunity to exchange ideas and share investment research with a group of this caliber will only enhance Northwood's ability to serve our clients and Canada's affluent families."
This enthusiasm was shared by leading U.S. multi-family office, Pitcairn. Dirk Junge, chairman and chief executive officer of Pitcairn, added: "At the semi-annual meetings that have been held this year, the CIOs have enjoyed a vigorous exchange of ideas and careful consideration of their application to the specific needs of multi-generational families." He added: "This global group allows each of the members to extend the reach of their investment intelligence gathering process."
Alex Scott, chairman of U.K.-based family office Sand Aire, stated: "I have known all the partners in the Association for several years and am delighted that we have found the basis for collaboration. We do not compete with each other, and we recognize that we can benefit both our existing and prospective clients by building collaborative agreements with partners globally. I look forward to building upon these foundations."
Wigmore's next gathering will take place in March of 2012.
About Northwood Family Office
Northwood Family Office, headquartered in Toronto, is Canada's leading, independent family office. Northwood serves the comprehensive needs of wealthy families, helping families sustain and grow financial assets across multiple generations. Northwood client families typically have $10 million or more in family net worth. For more information on Northwood Family Office, visit: .
Contacts:
Northwood Family Office
Daniel Moulton
416-502-6290
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Datum: 17.10.2011 - 09:23 Uhr
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