Now Reading: Family offices in India struggle to retain investment chiefs
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Family offices in India struggle to retain investment chiefs
India has over 300 family offices managing more than $30 billion in assets, but many are losing chief investment officers within months of hiring. The Economic Times reports that a lack of…
The Story in Brief
India has over 300 family offices managing more than $30 billion in assets, but many are losing chief investment officers within months of hiring. The Economic Times reports that a lack of clear mandates, cultural clashes, and limited decision-making powers are driving the exodus. Recruiters say demand far exceeds supply for professionals who can handle the intensely personal promoter-led culture.
One executive quit after 11 months because he was hired without an operating structure. Another CIO realised within a month that a different family member really called the shots. Families often keep 90% of money in safe instruments but obsess over the risky 10%, leaving professionals bored. The tension centres on who has the final say on investments.
The Indian Opinion
The narrative that family offices are simply unprofessional ignores a two-way problem. Families must define clear mandates and empower CIOs, but professionals also need to accept that family wealth comes with personal dynamics. The real test is whether the next wave of younger heirs will hand over genuine authority or continue the 90-10 obsession that drives talent away.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
