Voicu: Rich people's fortunes can be managed domestically
Eugen Voicu, a pioneer of the domestic investment industry and the general manager of Certinvest management company (the former Aviva Investors), wants to set up the first family offices aimed at rich people, who traditionally leave their fortunes in the hands of Swiss bankers.
Just one month after taking control over Aviva Investors, by
repurchasing stock from Britain's Aviva group, Eugen Voicu redraws
the strategy of the company he founded 16 years ago, going back to
the initial name of Certinvest, and is getting ready to start on
his own a niche business domestically: multi family offices, (which
manage family wealth).
"Going to Switzerland makes no sense, because rich people's
fortunes can be managed domestically. Next March, we want to launch
a multi-family office company to provide trust, concierge, fiscal
optimisation and investment management services to clients with
very high incomes. Our target will be private banking clients, with
fortunes of around 1m dollars. To this end, we're working with
several foreign banks, of which two are Swiss ones," Eugen Voicu
said.
The future company will be a separate entity from Certinvest, but
will make use of the experience in managing individual investment
accounts, a segment where Certinvest ranks second.