The Business of an International Family Office
Close Brothers Asset Management
Tue 24 May 17:00
Join us in London on Tuesday, 24th May for a discussion group focussed on The Business of an International Family Office.
IBSA Members need to understand the dynamics of an international family office, what type of entity is used, what jurisdiction is selected, what form of investments may be made and any interaction that may occur between the family office and family members as regards the development of their businesses. And what happens when issues arise within the family that need to be resolved, such as divorce, death of the patriarch, exiting business investments made through financing arrangements and many other scenarios.
Our lively panel of experts, led by Omleen Ajimal, will de-mystify the concept of a family office and includes Penny Lovell of Close Brothers, Liz Palmer of Howard Kennedy and Steven Strauss of Simmons Gainsford. They will explain various issues through a case study approach before the floor is opened for discussion on all relevant issues. The organisation of the family office to include management, financial, legal, immigration, employment and real estate services will form part of the overall discussion.
The discussion group will take the usual format of approximately an hour and a quarter and will be followed by networking drinks kindly provided by our hosts, Close Brothers.
Please note that Branch Events are free for IBSA Members & their nominated guest to attend. Non-members may attend one IBSA Branch Event free of charge but will be subject to a levy as determined by the IBSA for all subsequent Branch Event attendance as a non-member. Find out more information on membership options and how to join the IBSA.
Non-Member levy for this event: £149 VAT FIRST TIMERS GO FREE
Don't miss this exciting discussion group, kindly hosted by Close Brothers Asset Management.
Speakers
Penny Lovell
Head of Client Services, Close Brothers Asset Management
Penny was appointed Head of Client Services at Close Brothers Asset Management in 2012 and joined the CBAM board in 2014. As well as ensuring we provide exceptional client service, Penny overseas our family office service, financial education programmes and all sales and marketing activities across the firm.
She has over 20 years of experience working with private clients, family offices, charities, professional intermediaries and financial advisers. Penny began her career at Friends Provident on the financial services graduate training programme before joining Coutts as a Financial Planner and Investment Manager running the Sports and Entertainment team. Penny subsequently worked for ten years at Fleming Family and Partners as a Client Director for the Fleming family. In her role as Head of Business Development she also developed FF&P’s broader family office service to include governance, philanthropy and next generation education. Before joining Close Brothers, Penny was a Managing Director and Client Adviser in the Wealth Management business at Rothschild.
Penny also sits on the Close Brothers Group Marketing Executive Board and CSR committee. She has been voted in the top ten women in finance by Financial Times/Carte Blanche and was voted Citywealth Woman of the Year 2011/12 and Wealthbriefing Woman in Wealth Management 2014.
Penny is actively engaged in charity and sits on the STEP Philanthropy Board. She is also a Trustee of Pennies the Digital Charity Box, The Prince’s Foundation for Children and the Arts and the Royal Academy Schools. She is also actively involved as a mentor for the Human Trafficking Foundation.
Penny holds the FPC and the PCIAM Diploma.
Liz Palmer
Partner, Head of Private Client and Family, Howard Kennedy
Liz advises a variety of clients about the establishment and structuring of trusts for the effective devolution of family wealth and tax mitigation. She has particular expertise acting for non-UK resident/domiciled individuals and specialises in the creation of off shore trusts and complex asset structuring for high net worth individuals.
Liz deals with all forms of inheritance tax and capital gains tax planning and also advises on wills and estate planning particularly for clients with interests and connections with the USA.
Liz is dual qualified being a solicitor and Chartered Tax Adviser (member of Chartered Institute of Taxation).
Omleen Ajimal
International Tax lawyer
Omleen was formerly Director of International Tax in the Tax Strategy & Benefits group at Squire Patton Boggs, a global law firm.
She has extensive experience, from over 14 years of practice, in prominent City firms, of a very wide range of cross-border corporate, real estate, funds and financing tax issues and structures. She has worked with FTSE 100 companies, Fortune 100 companies and major international banks, funds and financial institutions. She has vast experience advising financial institutions on international tax structuring, compliance and risk management, in the context of recent intergovernmental, EU and OECD initiatives on international tax transparency and exchange of information.
Over a number of years, she has advised members of the UK House of Lords and several UK Government departments on various matters relating to international business. She is regularly invited to travel abroad with high-profile UK Government business delegations. She has also been involved in consultations on a number of EU-wide and OECD-level international initiatives. She is regularly invited to speak at high-profile conferences and events. She has also written for journals and books, on issues relating to corporate tax, international tax and international business relations.
Steven Strauss
Managing Partner, Simmons Gainsford
Steven Strauss is Simmons Gainsford's Senior Member and a Fellow of the ICAEW. Prior to joining the firm in 1991 Steven worked at BDO. He has specialised in UK and International Taxation, major corporate restructuring and transactional business and tax planning for high net worth individuals (including UK resident non-domiciliaries) for more than 25 years. He also advises UK residents on the tax aspects of their involvement with domestic and international trusts and has advised companies seeking a quote onto the London Stock Exchange, advised foreign Governments on restructuring their tax system, undertaken International structuring for multi-nationals and advised on complex transactions at both corporate and shareholder level. In addition to the tax and general advisory work, Steven has substantial commercial experience, advising and consulting corporate entities on a wide range of matters.
Steven has been a Director of an Australian quoted company, Chairman of an International payment solution company, is currently a Director of several private companies, Finance Director of a unique client advisory business, and the Trustee and Treasurer of a major charity.
Venue
Close Brothers Asset Management
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