London, UK - 20 September 2006, 18:00 GMT- We
are entering a new era which requires a new approach to risk and to wealth
management. This means that action is required now to create new investment
vehicles, new networks to identify and manage risk, and a new and far
more engaged version of philanthropy. This will be the message of DK
Matai, entrepreneur, philanthropist and pioneer when he speaks on
the subject of 21st century holistic wealth management at the annual global
family office summit in Geneva, Switzerland, organised by Management Global
Information (Suisse) SA. DK will challenge his audience to play their
part in creating new institutions to meet all the needs of the wealthy
-- all the needs, and not just the traditional ones.
Summing up his message, DK Matai
will say, "Holistic Wealth Management
is all about recognising that the sophisticated customers of the 21st
century demand peace of mind in all aspects of their lifestyle. They seek
a comprehensive solution which integrates their ethical, emotional, economic
and expert investment and custody requirements. We are slowly but surely
heading towards a new type of financial institution. Those banks and insurance
houses that will not adapt will look terribly old fashioned and incomplete
in the years to come."
DK Matai's work has come
to the attention of the business-led think tank Tomorrow's
Company, the organisation which recently launched a major business-led
inquiry into Tomorrow's Global Company, and which previously undertook
a business-led study "Restoring Trust investment in the twenty
first century." In response to DK Matai's work Tomorrow's
Company Director Mark Goyder recently commented, "Business
is ultimately about meeting the needs of human beings and the planet on
which they hope to continue life. DK Matai's achievement has been to create
practical vehicles - both commercial and philanthropic - which are creating
and increasing solid wealth based on enduring holistic principles and
pioneering methods. He is charting the course for tomorrow's wealth creation."
DK Matai himself has already
co-founded three organisations which are designed to help in this transformation:
mi2g (1995) is The Queen's Award -- for Enterprise in Innovation
-- winning global risk management business which in turn has led to the
development of next generation banking solutions. D2-Banking represents
a new paradigm in holistic wealth management, founded in the belief that
in the fast changing kaleidoscope of digital standards and equipment,
the preservation of individual knowledge, information and data wealth
is critical for families now and for generations to come. For example,
through the online vaulting of genomic maps and medical records; art,
photo, music and video collections; digital messages and personal files
including wills, deeds and memoirs; and other intellectual property alongside
traditional financial services.
ATCA (2001) -- The Asymmetric Threats Contingency Alliance -- is a philanthropic
expert initiative which conducts collective Socratic dialogue on opportunities
and threats arising from the Global Big-10 risks and opportunities. ATCA
integrates over 5,000 key decision makers worldwide. Its five years of
work has identified the Global Big-10 interlinked risks and opportunities
of the 21st century: climate chaos, radical poverty, organised crime,
extremism, informatics, nanotechnology, robotics, genetics, artificial
intelligence and financial systems.
The Philanthropia
(2005) includes The Trinity Club, Syndicates and Ethical Investment
Funds -- with over 1,000 entrepreneurs, family foundations, private banks,
non-governmental organisations and specialist advisors to resolve complex
global challenges through collaborative & sustained efforts. The five
areas of ethical investment funds for The Philanthropia are clean
energy, sustainable technologies, micro-finance, water and eco-friendly
infrastructure. The Philanthropia is most concerned about fiduciary
responsibility as it affects the family's wealth, children and future
generations.
Francois Golbery, CEO, MGI Switzerland, said, "The
family office concept is gaining momentum around the world as it provides
a framework to sustain the family and its business. Family wealth is not
self-sustaining but families have a deep interest in preserving their
wealth into the next generation and beyond. This can only be achieved
through long-term shared goals and values amongst which social objectives
and ethical investments are high on the priority list. The set-up of a
family office cannot be reduced to the amount of investable assets and
financial institutions therefore need to integrate and understand the
family complexities if they wish to build up a long term relationship
with wealthy families."
Robert Bernstein, Founder, PRISM family office, Chicago, and Managing
Partner, Heller Bernstein Associates, said, "Many
family offices and Multi Family offices tend to be highly regional, owing
to the "high touch" demands of family members as well as common
tax and other local operating considerations. The risks and opportunities
that most affect the preservation of their wealth, however, tend to be
far more global in nature, affecting not only their financial capital
but their human, ethical and philanthropic capital as well. A well conceived
forum of world-renown experts and the opportunity for enlightened networking
is the most effective way for these families and their advisers to gain
the insights of such universal thinkers and practitioners. The concept
of Holistic Wealth Management by DK Matai, Chairman of mi2g, ATCA and
The Philanthropia is among the most intriguing."
[ENDS]
Tomorrow's
Company is a business-led think tank, working as a catalyst to
help realise the Tomorrow's Company vision - a future for business which
makes equal sense to staff, shareholders and society. A not-for-profit
membership organisation based in the UK, Tomorrow's Company publishes
research, brings practical business people together to generate and share
ideas, puts those ideas into the public domain and influences decision
makers in companies, the investment community, stakeholder groups, business
schools and government.
MGI (Suisse) SA organises highly focussed and in-depth conferences
addressing emerging trends and critical issues for the Wealth Management
Community within a Continental European perspective. MGI conferences are
specially designed to meet the needs of Family Offices & Family Businesses,
Private Bankers, Fund Providers and Administrators, Investment Bankers
and Life Insurers. MGI's goal is to help companies enhance their performance
on an international scale by providing reliable innovative and up-to-date
knowledge which is instantly applicable.
The Philanthropia
- Trinity Club, Syndicates and Ethical Investment Funds - was founded
in 2005 by DK Matai and family with leading individual and private philanthropists,
family offices, foundations, private banks, non-governmental organisations
and specialist advisors to address complex global challenges such as countering
climate chaos, reducing radical poverty and developing global leadership
for the younger generation through the appliance of science and technology,
leveraging acumen and finance, as well as encouraging collaboration with
a strong commitment to ethics. Philanthropia emphasises multi-faith spiritual
values: introspection, healthy living and ecology.
ATCA (The Asymmetric Threats Contingency Alliance) is a philanthropic
expert initiative founded in 2001 to understand and to address complex
global challenges. Adhering to the doctrine of non-violence, ATCA conducts
collective Socratic dialogue on global opportunities and threats arising
from climate chaos, radical poverty, organised crime, extremism, informatics,
nanotechnology, robotics, genetics, artificial intelligence and financial
systems. Present membership of ATCA is by invitation only and has over
5,000 distinguished members: including several from the House of Lords,
House of Commons, EU Parliament, US Congress & Senate, G10's Senior
Government officials and over 1,500 CEOs from financial institutions,
scientific corporates and voluntary organisations as well as over 750
Professors from academic centres of excellence worldwide.