Latest news with #UHNWIs
Fashion Value Chain
6 days ago
- Business
- Fashion Value Chain
Eton Solutions Announces Strategic Partnership with Asas Capital to Launch ‘Family Office as a Service' in the Middle East
Eton Solutions will be the exclusive technology partner for Asas Capital's newly licensed Multi-Family Office in Saudi Arabia. Asas Capital will leverage Eton's Administrative Family Office (AFO) platform, powered by AtlasFive to deliver wealth management solutions for UHNWIs and HNW families across the Middle East. This partnership marks a significant milestone as Asas Capital aims to become the first player in the region to offer a comprehensive 'Family Office as a Service' model. Eton Solutions, a global leader in WealthTech solutions, today announced an exclusive partnership with Asas Capital, a prominent multi-family office with a strong presence in the UAE and newly licensed operations in Saudi Arabia. This collaboration will launch the Middle East's first 'Family Office as a Service' platform, combining Asas Capital's regional expertise with Eton's cutting-edge ERP technology to transform wealth management for ultra-high net worth (UHNW) and high net worth (HNW) families. Mr. Satyen Patel, Executive Chairman, Eton Solutions & Mr. Himanshu Khandelwal, CEO, Asas Capital Asas Capital, headquartered in the Dubai International Financial Centre (DIFC) and licensed by the Dubai Financial Services Authority (DFSA), brings over 15 years of investment advisory expertise in the Gulf Cooperation Council (GCC). With a strong track record in private equity, pre-IPO investments, asset management, and corporate advisory, Asas Capital is now leveraging its deep regional networks and market intelligence to pioneer a transformative 'Family Office as a Service' model in the Middle East. This offering aims to meet the evolving needs of Ultra and High Net Worth families by combining institutional-grade financial solutions with bespoke advisory services. Anchored in ethics, transparency, and stakeholder-first values, Asas Capital is set to redefine the family office landscape in Saudi Arabia-one of the world's fastest-growing private wealth markets. Their focus on late-stage, technology-enabled investments and commitment to innovation further strengthens their ability to offer integrated, high-performing wealth solutions across the region. The Middle East, home to some of the world's most dynamic UHNW markets, presents a significant opportunity for innovation in family office services. With this partnership, Eton Solutions reinforces its commitment to global expansion, adding Saudi Arabia to its roster of international markets like the UK, Switzerland, UAE, India, Singapore, Hong Kong, Indonesia, Taiwan, Australia and New Zealand. The company's AtlasFive platform currently manages over $1 trillion for 800 families worldwide, processing 14.2 million transactions annually. Satyen Patel, Executive Chairman of Eton Solutions, said, 'The Middle East represents a cornerstone of Eton's global strategy, and our alliance with Asas Capital accelerates our shared vision of family office innovation. With Eton, clients gain real time insights into portfolio performance, automated compliance, and scenario modeling-all while retaining absolute data security. Together, we're not just keeping pace with the region's growth; we're helping to define its future.' Commenting on the partnership, Himanshu Khandelwal, CEO, Asas Capital said, 'Eton's partnership with Asas sets a new gold standard for family office services in the Gulf. A disciplined governance model is essential for transitioning a family's legacy into a resilient and sustainable future. Asas, having its roots as a family office, brings deep insight into the unique needs of families looking to structure, consolidate, and manage generational wealth. By integrating Eton's globally trusted platform, we are now able to streamline family wealth with unprecedented precision and transparency, placing intelligent technology at the core of our client relationships. Together, we're not just managing wealth-we're engineering a smarter, more secure future for the Gulf's most accomplished families.' About Eton Solutions Eton Solutions is an ERP software and services company founded to handle the complexities of servicing family offices and private equity firms globally. The company is based in the United States, in Research Triangle Park, NC. with its international headquarters in Singapore focused on serving markets outside of the Americas. We offer two flagship products, AtlasFive and EtonAI™, that together manage $1 trillion on our integrated platform. Created by family office leaders, AtlasFive holistically aggregates and manages all liquid and alternative investment assets alongside data, reporting, and workflow processes, while EtonAI™ brings advanced AI driven insights and automation to every aspect of your operations. With a single source of truth, Eton Solutions propels family offices and PE firms into the future by maximizing efficiency, minimizing errors and risk, and have sustained a CAGR of over 100% since our inception. Visit:
Harpers Bazaar Arabia
21-07-2025
- Business
- Harpers Bazaar Arabia
Super Yachts, Space Tours And Stem Cell Infusions – This Is How The One Per Cent Travel
With budgets of over a million dollars, and destinations including Antarctica and Outer Space, the ultra-wealthy are looking for holidays that have a lasting emotional impact Ironically, for the super rich, travel is not really about where they are going. 'We start not with a destination, but a question: 'What feeling are you chasing this time?'' says Lionel Guirard, Chief Commercial Officer at Lartisien, a high-end travel company known for crafting bespoke journeys. 'Our members aren't looking for checklists, they're seeking emotions.' Incredible food, unique access to the world's most iconic sights and luxury accommodation are taken as a given because, along with these, UHNWIs are searching for experiences that last long after their private jet touches back down on home soil. 'They're looking for transformation, not just recreation. A sense of privacy, of course, but also a heightened emotional connection: to a place, a culture, a moment,' says Lionel. In the past, he's organised bespoke trips, such as 'a week of visual poetry' in Japan, for a contemporary art collector client, which included private access to Naoshima's best installations, studio visits in Kyoto, and a silent tea ceremony in a hidden pavilion suspended above a moss garden. 'One recent request was to privatise a stretch of the Mekong for a multi-generational journey through Laos and Cambodia. We transformed it into a floating salon, complete with on-board chefs, a visiting Khmer dancer troupe, and storytelling evenings with local historians,' he adds. Multi-generational trips are a popular choice for this demographic so the needs and interests of everyone travelling need to be carefully considered in the planning. 'We are receiving more multi-generational families, where we customise the itinerary to cater for each individual yet ensure there are opportunities for rich deep bonding,' says Lori Laius, Co-Founder of TJB Private Travel. To accommodate the needs, not just of an individual but of an entire group, takes an exceptional list of contacts and expertise. 'We orchestrate everything like a composition, each touchpoint deliberate, each partner hand-picked, each moment carrying a rhythm,' says Lionel. 'Behind the scenes, we rely on an exceptional internal team and a network of insiders, from chefs and artists to conservationists and monks. We don't just book trips, we design emotional landscapes. That's our art.' So, where do the super rich holiday to achieve this emotional connection? The unrivalled art, culture and history of Italy means it's remained a perennial favourite, but Thailand, Bhutan and Japan are rising stars, as their cultures prioritise the experience, narrative and spiritual recalibration many often seek. There's also been a shift towards meaningful luxury with New Zealand becoming increasingly sought after thanks to its unique nature and sustainability. The Arctic and Antarctica are also highly regarded for their environmental importance and distinctive landscapes. With budgets starting from $500,000, Lori's team can arrange for guests to fly on a private Gulfstream jet to the super luxury ice camp White Desert on Antarctica, where they can enjoy champagne picnics on glaciers, hosted by the world-renowned explorer and TV personality Levison Wood. This is followed by a private submarine dive below the ice sheets and a luxury yacht expedition cruise to even remoter regions for some heli-skiing. Mount Everest is also a bucket list destination for many superwealthy travellers and Laius can organise a 30,000-feet sky dive over the summit, followed by a stay in a private geodesic dome near Everest Base Camp. Clients are then guided down the mountain by Kami Rita, the most experienced Sherpa who ever lived, having scaled Everest 31 times. 'With adventure trips it's about combining ultra luxe comfort without the flash.' Nothing typifies this quiet luxury more than a trip into Space. 'With the recent media around Katy Perry, Gayle King and Lauren Sanchez doing the Blue Origin Space Tour, we too are seeing more enquiries for adventures into orbit,' says Lori. She's already taken bookings in 2026 for a $200,000, 90-minute journey into space with Virgin Galactic that sees clients experience weightlessness. Also, Space X now offers a range of experiences, including astronaut training, and is set to partner up with Axiom Space, the soon-to-launch private space station, where guests can stay in space for up to two weeks. Back on earth, one-of-a-kind interactions with nature are a popular choice for hyper-luxury travellers. At Soneva Secret in the Maldives, guests with an interest in marine conservation can join researchers tagging mantra rays or zipline to the overwater observatory and have a chef craft dishes, based on their personal preferences. Tanya Carr-Hartley, Director of The Safari Collection, organises privately guided safaris following the migration in Kenya. 'There's a new definition of luxury, especially for US and UK clients. They enjoy unusual experiences and details… Every day the sightings are different; it's curated drama that is authentic.' Of course, Tanya won't name-drop, but her clients include royals, actors, designers, politicians and musicians, and the camps are the ultimate in luxury with swimming pools, spas and food from world-renowned chefs. Safaris are completely personalised too. 'If they have an interest in a cultural experience, we can get quite close to the Pokot tribe. They're very isolated as they live on the side of a ridge in the North Country. There are no transport routes there and you can't see them without special access,' says Tanya. Alternatively, clients can also enjoy sundowners in a vintage truck with the rhinos, or a helicopter trip up to Mount Kenya where they can fly-fish at 14,000 feet. For those who prefer high fashion to high altitudes, Lori can orchestrate a one-of-a-kind haute couture experience, with a starting fee of five million dollars. 'Leveraging our extensive contacts, our clients can create their own one-off fashion house for a single season. Led by a retired Christian Dior or Chanel couturier, the full five-day atelier experience includes a private jet to Paris, accommodation in an exclusive apartment or a suite at Cheval Blanc with a private 1:1 tutorial, covering the full design process.' The finale of the trip is the client seeing their own designs on working models at a private runway show. Wellness is also an important consideration for the ultra-wealthy. Lori organises extreme, bio-hacking wellness on board super yachts, where a personalised team is on-hand to do full-body cellular testing, microbiome testing, IV drips and regenerative therapies, including stem cell infusions flown in with your private biobank. All this is done while you are being served by a Gault&Millau-level chef trained in nutrigenomics. Costs start at around one million dollars but, of course, money is no object for these clients in search of something that you can't put a price on. Instead, the value comes from the authenticity and uniqueness of the experience, plus, how it's made them feel, both during and after. Lionel sums it up perfectly: 'The ultra-wealthy are paradoxical; they crave both the iconic and the undiscovered… It has to feel unreproducible. And ideally, invisible to others.'
News18
20-07-2025
- Business
- News18
India's Ultra-Rich Are Going Global: Equity, Crypto, And Luxury Real Estate In Focus
India is undergoing a powerful shift in wealth creation, driven by a rising tribe of Ultra-High-Net-Worth Individuals (UHNWIs)—those with over $30 million in net worth. According to Knight Frank's 2024 Wealth Report, India is set to witness a 58.4% rise in UHNWIs by 2028—the fastest among major economies. 'We are witnessing a generational shift," said Ratna Sharma, Executive Director – Private Client Business, India. 'Today's investors want global access, institutional-grade governance, and impact-aligned investments." She noted that India's next wave of wealth creators, shaped by global exposure, are moving beyond traditional allocations toward more nuanced, tech-enabled, and globally diversified strategies.
Zawya
14-07-2025
- Business
- Zawya
Abu Dhabi Investment Office, Emirates Family Office Association sign agreement
ABU DHABI - The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term collaboration to attract and enable long-term private capital, enhance the emirate's wealth management ecosystem and support its economic vision. The partnership brings together ADIO's mandate to spearhead Abu Dhabi's economic transformation with EFOA's international family office networks and its expertise in policy dialogue, business development and wealth preservation. The two entities will work jointly to promote Abu Dhabi's compelling value proposition for family offices, delivering a more seamless, investor-led ecosystem for the deployment and long-term presence of capital in the region. At the heart of the agreement is a commitment to reduce friction for incoming investors. ADIO will provide investors with tailored support, ranging from market entry and business licensing to lifestyle integration and strategic partnerships. EFOA will identify and refer qualified investors, facilitate international introductions and co-develop investment propositions in high-growth sectors aligned with Abu Dhabi's long-term vision. Hareb Al Mheiri, Executive Director of the Investor Growth Sector at ADIO, said, 'This partnership reflects Abu Dhabi's role as a stable, credible and forward-looking hub for UHNWIs and global capital. By working closely with the Emirates Family Office Association, we are not only enhancing entry, we are also raising the ambition for family offices to contribute to global economic transformation from the emirate." The agreement also establishes a coordinated calendar of high-level investor delegations, private forums and strategic roadshows to position Abu Dhabi as a nexus for generational capital. These engagements will showcase the emirate's distinct value proposition, from economic stability to progressive regulations and access to high-growth markets across the Middle East, Asia and Africa. Adam Ladjadj, Founder and Vice Chairman at EFOA, commented, 'Family offices today are global operators looking for more than tax efficiency—they want trusted environments where capital, talent and ideas converge. Abu Dhabi offers that rare combination of access, vision and continuity. Our partnership with ADIO is designed to meet that demand, with investors at the centre of the strategy." ADIO and EFOA will also collaborate on policy dialogue and regulatory innovation, ensuring Abu Dhabi addresses the evolving priorities of international investors while reinforcing its role as a partner of choice for wealth preservation and long-term value creation.
Zawya
14-07-2025
- Business
- Zawya
ADIO partners with Emirates Family Office Association
Strategic partnership to streamline investor access, align private capital with the emirate's economic priorities and reinforce Abu Dhabi's position as a global hub for generational wealth Abu Dhabi, UAE – The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term collaboration to attract and enable long-term private capital, enhance the emirate's wealth management ecosystem and support its economic vision. The partnership brings together ADIO's mandate to spearhead Abu Dhabi's economic transformation with EFOA's international family office networks and its expertise in policy dialogue, business development and wealth preservation. The two entities will work jointly to promote Abu Dhabi's compelling value proposition for family offices, delivering a more seamless, investor-led ecosystem for the deployment and long-term presence of capital in the region. At the heart of the agreement is a commitment to reduce friction for incoming investors. ADIO will provide investors with tailored support, ranging from market entry and business licensing to lifestyle integration and strategic partnerships. EFOA will identify and refer qualified investors, facilitate international introductions and co-develop investment propositions in high-growth sectors aligned with Abu Dhabi's long-term vision. H.E. Hareb Al Mheiri, Executive Director of the Investor Growth Sector, ADIO, said: 'This partnership reflects Abu Dhabi's role as a stable, credible and forward-looking hub for UHNWIs and global capital. By working closely with the Emirates Family Office Association, we are not only enhancing entry, we are also raising the ambition for family offices to contribute to global economic transformation from the emirate." The agreement also establishes a coordinated calendar of high-level investor delegations, private forums and strategic roadshows to position Abu Dhabi as a nexus for generational capital. These engagements will showcase the emirate's distinct value proposition, from economic stability to progressive regulations and access to high-growth markets across the Middle East, Asia and Africa. Adam Ladjadj, Founder and Vice Chairman at Emirates Family Office Association, commented: 'Family offices today are global operators looking for more than tax efficiency—they want trusted environments where capital, talent and ideas converge. Abu Dhabi offers that rare combination of access, vision and continuity. Our partnership with ADIO is designed to meet that demand, with investors at the centre of the strategy." In addition to supporting the capital inflows, ADIO and EFOA will collaborate on policy dialogue and regulatory innovation, ensuring Abu Dhabi addresses the evolving priorities of international investors while reinforcing its role as a partner of choice for wealth preservation and long-term value creation. About the Abu Dhabi Investment Office (ADIO): The Abu Dhabi Investment Office (ADIO) is the government vehicle responsible for accelerating Abu Dhabi's growth and enabling the emirate's economic transformation. Through comprehensive support services, ADIO enables both local and foreign investors to shape industries of the future set to transform liveability, technology, resources, and value-added services. Initiatives focused on supporting tourism and retail development, as well as public-private partnerships, ensure that community well-being is at the centre of Abu Dhabi's economic transformation. With a robust network of investors, strong collaboration with key stakeholders, and a global presence, ADIO is committed to empowering those who invest with Abu Dhabi to make a lasting global impact. About Emirates Family Office Association: The Emirates Family Office Association is an independent, not-for-profit, membership organisation designed to support the UAE and global family office communities. EFOA strives to provide resources, education, and support to family offices, with no associated membership fees, while fostering collaboration and innovation among its member organisations.
