Ashley King-Christopher looks at what has fuelled the large entry of family offices into London and whether the trend is sustainable
London's family office sector has seen rapid expansion in recent years. The continuing build-up has produced what is referred to in Silicon Valley as the 'cluster effect'. In other words, the momentum of family offices setting up in London is such that it attracts others to the UK capital too, simply on the basis that they want to be close to their own kind.
This also means that they're just a short walk away from sharing ideas, interacting and on occasion, doing deals with similar private closely-held organisations similar to their own.
For those who are outside the wealth community but who are 'in the know', the ...