Vikash Gupta, the CEO and Co-Founder of VaR Capital was mentioned by FT in context of Family Governance and values.
An extract of the article:
Sometimes, families need to be challenged on their priorities
So how did this advice go down? Brilliantly, it seems. Alexandra Altinger, Sandaire’s chief executive, recalls “a very strong”, and positive, reaction to the de Botton session, from clients and their children. “We get very caught up in the administrative complexity of wealth — that is true of us as a multi-family office and of our clients,” she admits. “And our preoccupation is very much around financial return. Yet, in that process we sometimes lose sight of far more important questions: specifically, what is the purpose of this wealth?”
Altinger believes that inviting academics and leaders from other fields to talk to clients can help everyone “stop for a second” and think. “It allows for very heartfelt authentic emotional conversations,” she says. Family offices, by their nature, must be increasingly able to conduct these conversations — and advise on delicate issues such as relationships, disputes and family crises, says Martyn Carré, global head of fiduciary services at Swiss bank Julius Baer. “Very often, employees of a family office are faced with difficult family situations that require sensitivity, compassion and trust: sudden death, orphaned children, mental illness or care of vulnerable family members.”
Vikash Gupta, co-founder of VaR Capital, a multi-family office, says codifying values is essential to prevent disputes from destroying wealth.
Read the full article here
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