"The next generation of leaders wants their family offices to look different from those run by their parents - and that shift is driving fierce competition for a new class of talent. A new report from IMD's Global Family Business Center and the Family Business Network, based on 186 survey responses and 65 interviews with family principals across six continents in the first two quarters of this year, found that family offices are rapidly evolving as younger heirs step into leadership roles."
"As a result, they seek advisors who can navigate these areas - and job listings have surged for individuals with these skills, including alternative investment analysts, ESG specialists, and chief information officers who can modernize systems and streamline operations. But the supply of qualified candidates "has not kept pace," the report warned. Family offices require a blend of hard technical skills and softer traits - trustworthiness, discretion, emotional intelligence, and the ability to work inside complex family systems - that's rare even in top-tier finance."
Family offices are rapidly evolving as younger heirs step into leadership and prioritize impact investing, sustainability, technological innovation, and diversity and inclusion. Demand has surged for professionals who can support those priorities, including alternative investment analysts, ESG specialists, chief information officers, and tech experts able to modernize systems and streamline operations. The available talent pool is constrained because roles require both advanced technical capabilities and softer attributes such as trustworthiness, discretion, and emotional intelligence to operate within complex family systems. Rapid growth in the number of family offices and a historic wealth transfer are intensifying competition and creating an acute scarcity of top-tier professionals.
Read at Business Insider
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