Our client is an Africaâfocused investment banking firm with significant financial and technical expertise.
Job Summary
Our client seeks an experienced professional as Head of Family Offices, with the competencies to lead and manage the strategic direction, operations, and overall management of the companyâs multi\-family office operations (registered in Dubai). The Head of Family Office will provide comprehensive financial and lifestyle management services for High\-Net\-Worth clients, Family Businesses/Offices, Foundations, Trusts etc. This responsibility reflects a holistic approach to wealth management, incorporating legacy\-building alongside financial growth.
Key Responsibilities
- Financial Management â Oversee all aspects of the clientsâ finances including budgeting, cash flow management and financial reporting.
- Investment Planning â Develop investment strategies tailored to the clientsâ goals, risk tolerance and financial aspirations.
- Portfolio Management â Manage the clientsâ investment portfolios, ensuring they are diversified and aligned with market trends and opportunities.
- Risk Assessment â Conducting due diligence related to investments and legal liabilities, monitoring portfolio performance to optimize returns while minimizing risks.
- Compliance â Expertise in ensuring that Estate plans comply with legal requirements, and that they are structured to minimize tax liabilities.
- Estate Management â Establishing and managing Trusts that facilitate wealth transfer to future generations.
- Legal Duties â Work closely with legal advisors to draft Wills, establish Trusts and manage property acquisitions, distribution of assets and property transfer according to the clientsâ wishes.
- Administrative Duties â Maintaining detailed records and facilitating communication between trustees, beneficiaries, financial institutions and other external stakeholders, promoting transparency and accountability.
- Tax Planning â Develop tax strategies to optimize the clientsâ financial positions while remaining compliant with local and international tax laws.
- Tax Compliance â Work with tax advisors to prepare and file tax returns, manage tax payments and address any tax\-related issues.
- Tax Advisory â Advice on tax implications related to investments, estate planning and philanthropic activities, ensuring that the family office takes advantage of potential tax\-saving opportunities.
- Family Governance â Providing strategic support to establish governance structures such as family councils or boards
- Succession Planning â Oversee the implementation of a succession program to ensure the long\- term continuity of the family office and family wealth.
