Family Office
Family offices go back to basics but super-rich resist shift to cash, says Citi chief
Family offices have reacted ‘decisively’ to the huge recent shifts in markets and resisted the temptation to sit on the sidelines in cash, according to the head of Citi’s family office group. Hannes Hofmann, the London-based head of the US bank’s division, told Spear’s the world’s richest families had…
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