Exploring Opportunities with the East Africa UHNW community

July 23, 2018

Assets under management (AUM) are expected to grow faster in developing countries such as South America, Asia, Africa and the Middle East than those in the developed world by 2020, according to a report published by PwC. The report, published in 2017, finds that the expected value of AUM will rise to US$88.6 trillion by 2020. The main contributing factor for the rise appears to be a surge in mass affluence and UHNW Individuals’ assets within these countries. Is this Surprising? Perhaps not.

The reason we believe it isn’t surprising is that Jeremy Franks, CEO of Knox Private Office, has recently returned from a successful visit to Nairobi, Kenya, where he had been invited by Standard Chartered to present on a number of topics appealing to the UHNW community. These topics were well received by the audiences and mainly focused on family governance and transitioning wealth to the next generation. Jeremy was invited to present alongside PwC and shared his knowledge and insights on wealth structuring as well as transparency and tax.

Both Knox Private Office and the regulated trust company that is part of the Knox group of companies, are keen to explore opportunities in this area and work with UHNW Individuals and their existing professional advisers.

Pictured are Jeremy Franks (third from right) and Anthony Page, (far right) during their visit to Nairobi.

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