Cyber security comprises technologies, processes and controls that are designed to protect systems, networks and data from cyber attacks. Effective cyber security reduces the risk of cyber attacks, and protects organisations and individuals from the unauthorised exploitation of systems, networks and technologies.
The onslaught of intrusion on families, business, personal information makes this a topic that has relevance in varied layers. A lively debate took place at the Roundtable in May. Here are some slides as well as a number of copies of the book “Anatomy of Cyberattack” by Mikko Niemela is available for SFO members
Medecins Sans Frontieres (“MSF”) is an international medical humanitarian aid organization that provides free, quality medical assistance to populations in crisis. MSF currently operates relief activities in over 69 countries around the world, and was awarded the Nobel Peace Prize in 1999 in recognition of its independence, impact and impartiality in the delivery of vital humanitarian aid.
Mariko Miller is a Canadian emergency nurse working with MSF in Kirkuk, in northern Iraq, where MSF teams are providing healthcare to people forced from their homes by armed conflict, and supporting emergency care in two hospitals.
Many of the displaced people come from Hawija, a district southwest of Kirkuk that has been under the control of armed groups for more than two years. Since the intensification of military operations to retake the district in August last year, more than 80,000 Iraqis have fled Hawija (UNHCR). Many families tell about lack of food and fuel in the area, and about perilous journeys to reach safety. Despite the scale of people’s needs, humanitarian assistance remains largely insufficient.
MSF mobile clinic in Tuz Kurmato (Kirkuk) (Photo: Ahmed Sami)
On May 17, 2016, a U.S. patrol plane, conducting a routine patrol over international airspace, was intercepted by two Chinese fighter jets near the Hainan Island, off the southern coast of China. According to the Pentagon’s initial reports, the Chinese fighter jets conducted an ‘unsafe’ interception of the U.S. patrol plane, forcing the U.S. pilot to descend 200ft (60m) to avoid a mid-air collision. However, later on Thursday, Hong Lei from the Chinese Foreign Ministry denied any U.S. allegations, asserting that, "the US plane flew close to Hainan Island. Two Chinese aircraft followed and monitored at a safe distance. There were no dangerous maneuvers from the Chinese aircraft. Their actions were completely professional and safe." While the U.S. Department of Defense is said to be addressing this incident through diplomatic and military channels, Washington has accused Beijing of militarizing the South China Sea. In turn, Beijing severely criticized the increase of U.S. navy patrols and exercises in the region. Daniel Kim offers a larger analysis into this current situation
Many families have been dissuaded from investing in funds believing them to be poor investment value for money, an extra layer of fees and typically managed by firms that do not put the needs of their clients first. This may be true in some instances, but in others, funds are an important investment tool for families seeking to preserve capital.
CapGen, which evolved from the Said family office in Geneva, advises and manages money for families. An important part of its business is to scour markets to find the best fund manager solutions for our clients’ portfolios. -Ian Barnard answers some questions family offices may face for investing in funds.
There’s definitely chatter on Renewables these days.
Green Investing. Clean Technology. Responsible Investing. Renewable Energy. Reducing Emissions. Solar Panels. Wind Turbines. Water Power. Rechargeable Batteries. Electric Cars.
What are these buzz words? It’s turning out to be quite a movement. Environmental/health advocacy meets corporate responsibility meets political commitment to a sustainable future. It also means, despite the low oil price, there’s a revolution brewing against conventional energy (oil, gas, coal) for a eco-friendly and economically feasible alternative.
Rohit Nanwani participated in this past year's White Collar BoxingTM charity event and shares his experience below. He is from the Tolaram Group, with headquarters in Singapore and offices in Asia, Africa and Europe, which evolved from trading to manufacturing to brand building, establishing leadership in several industries across different regions.
White Collar BoxingTM (hosted by Vanda Boxing Club) is an annual event in which 20 men and women aged 25-55 compete in a controlled boxing environment. All participants go through a professional 12-week training program leading up to a 3-round bout in the ring. The event is sanctioned by the World Wide Collar Boxing Association (WWCBA).
The event beneficiary is the Children's Surgical Centre (CSC) in Cambodia. To date, over US$1.5 million has been raised, enabling CSC to perform over 9,000 operations for children free of charge.
The recent Singapore Family Office meeting on "Impact Investing and Philanthropy" covered various routes that families have in setting up foundations, non-profit work and impact investing, depending on the aim and strategy of the endeavour. Many families choose to run their own foundation for a cause that is very personal and meaningful, while others strategically work on a need-based approach. While the path of foundations, endowments, donations and patronage are quite clear, impact investing proved harder to define.
The branding, “Made in Italy” is known globally that gives Italy a firm investment platform for investors locally and from abroad. Italy’s economy is made up of a vast diversity of small and medium sized family owned business forced by quality and qualified professionals that bring a niche products and services. Italy strategic geographical place facilitates exporting its products and services to all over the world and increases its industry brand awareness and makes it attractive for investors looking at real asset investments. Italy economy is also divided into highly developed manufacturing industry in the north of the country dominated by the private sector and agriculture industry in the south of the country, lending to diversification by industry.
“No matter where I’ve lived in the world, coming back to Napa always feels like home. Here are my top tips but no matter where you go, you’ll love Napa!”
Wineries to visit:
- for the history – Inglenook ( https://www.inglenook.com/ )
- for the view – Joseph Phelps Vineyards (http://www.josephphelps.com/ )
- for the wines – Realm Cellars (https://www.realmcellars.com/ )
- for the fun – Raymond Vineyards (http://www.raymondvineyards.com/ )
The VP Bank / University of St. Gallen report on Family Offices in Asia aims to provide comprehensive insights into the current status and development potential of the emerging Asian market for Family Office solutions.
To download a copy of the report, please click here.
Hubbis has published their 2nd annual flagship publication to analyse the latest devleopments with regards to managing the wealth of Asia's growing number of HNW and UHNW families. The research covers practical opinions and case studies, focusing on specific challenges that not only HNW and UHNW families in Asia face, but banks and other advisers too - and the strategic options for addressing them.
Click here to download a copy of the report.
Knight Frank partnered with WealthInsight to provide an analysis of wealth distribution trends covering almost 100 countries and over 100 cities. Knight Frank also draw on the views of thousands of active clients and investors, together with the expertise of their agency and consultancy teams, including those advising on alternative property sectors, such as healthcare, agriculture and student housing.