Enduring Ideas: New Opportunities
“A man may die, nations may rise and fall, but an idea lives on. Ideas have endurance without death.”
– John F Kennedy
Program
FAMILY OFFICE CONGRESS XIV PROGRAM
PRE-CONGRESS MASTERCLASSES
Monday 29 May 2023
10:45AM - 4:00PM
Masterclasses
Family Office Technology Masterclass
A deep dive of Family Office technology solutions and challenges. We explore how to select and implement technology that is “fit for purpose,” what to insource/outsource, as well as understanding your Family Office’s specific priorities and needs. Hear from leading experts on how technology will continue evolving and integrating within the Family Office space.
View the full program here
Tax & Trusts Update Masterclass
In this session, learn about the latest tax, trusts and legal updates – what’s changed, what’s stayed the same and how this will impact private investors, trust beneficiaries and trustees.
View the full program here
Masterclass Registrations:
*Please note registrations for the Masterclasses are separate from Congress.
Members: Please register for the Masterclasses via our PWN Community Hub HERE
Non-Members: Please reach out to [email protected] if you are interested in participating
PRE-CONGRESS PRIVATE MEMBER & GUEST DINNER
Monday 29 May 2023
6:00PM - 10:00PM
Private Member & Guest Dinner
We invite you to join us for a unique opportunity to meet PWN Members, speakers and other guests from Australia, New Zealand and across the globe. Dinner will be held at The Calyx, located within the heart of the beautiful Royal Botanic Gardens.
*To our guests and non-members, please kindly note this dinner is by invitation only.
CONGRESS DAY 1
Tuesday 30 May 2023
7:45AM - 5:00PM
7:45am – Registration Opens
8:30am – Welcome to Country Ceremony
8:40am – Welcome to Congress
8:55am – Keynote Presentation | POWER DYNAMICS IN THE FAMILY
[Location: Grand Ballroom]
James Evans, Director, Bell Shakespeare Company
Shakespeare was fascinated with the complexities of family dynamics. His political dramas are well known, but he also shone a light on the domestic, delivering profound insights into the power dynamics within families.
The sibling rivalry between British Royals Prince William and his brother, Prince Harry illustrates a real-life family power dynamic capturing public attention today.
This session will reveal the inner workings of Shakespeare’s wealthy and powerful dynasties, exploring how family relationships can impact the grand narratives of politics and history.
We will explore how:
- Human nature has changed very little in 400 years. Shakespeare’s plays provide deep insights into our behaviour and relationships
- Shakespeare understood that the better you know someone, the better you know how to hurt and manipulate them
- Plays like ”King Lear”, ”Hamlet” and ”Richard III” show the devastating effects of a toxic family power dynamic
9:55am – Keynote Presentation | BUILDING A FOUNDATION FOR LASTING LEGACY
[Location: Grand Ballroom]
Caroline Bailey, 3rd Generation Gallo Family Member (United States)
Celebrating 90 years in business, E. & J. Gallo is the largest family-owned winery in the world with a global portfolio of over 100 unique wine and spirit brands. Caroline will share her journey coming from two successful entrepreneurial families, working in the family business and finding her own way as a catalyst for family unity.
She will explore the importance of:
- Keeping family members engaged
- Creating ongoing value for the family
- Staying relevant across generations
COFFEE BREAK & NETWORKING HUB
10:40am – 11:20am
BREAKOUT SESSIONS
11:20am – 1:20pm
Member Stage (Grand Ballroom 1)
Hear from members and their different perspectives on how they are making their wealth meaningful.
Future Gen & Innovation Stage (Grand Ballroom 2)
Look into the future and hear about entrepreneurship, business innovation, impact and more.
Investment Stage (Hyde Park Room)
Learn how other families are investing for their Family and Family Office.
Member Stage:
DOES 'HAVING IT ALL' MAKE US HAPPIER OR SADDER?
Ren Barlow, PWN Member (AUS)
David Werdiger, PWN Member (AUS)
Suparna Bhasin, PWN Member (AUS)
Money creates freedom to enjoy the best things in life, yet statistics show that levels of wealth have an extremely modest impact on our happiness. Why is this? Our panel discuss the paradox of having it all yet still feeling discontent. What are we doing wrong?
Future Gen & Innovation:
DANGEROUS DISCUSSIONS
Patrycja Slawuta, Founder, UnLab & Self Hackathon (AUS)
Navigating taboo topics like money, sex, and power can seem daunting. Yet, engaging in meaningful and thought-provoking conversations about them can spark vitality, creativity, and authentic self-expression in our private, social and professional lives. Join renowned behavioural scientist Patrycja Slawuta to explore why and how we can restore love and affinity in conversations with our family.
Investment Stage:
INVESTMENT OPPORTUNITIES & RISKS IN A CHANGING WORLD
Warren Naphtal, Co-Founder, PE Investments (USA)
Warren and Mary Naphtal turned a family-owned business into one of the world’s most successful dedicated currency managers. In this session, Warren will share their proprietary research and unique insights into the factors driving markets and impacting your investments, and how they built this into a successful business.
Member Stage:
TRIGGER HAPPY: WHY BELIEFS AND BEHAVIOURS ARE THE KEY TO FAMILY UNITY
Douglas Family, PWN Members (AUS) in conversation with Francesco Lombardo
The greatest risks to family harmony and a successful transfer of wealth are the behaviours and beliefs of each family member. In this session, Francesco Lombardo and members of the Douglas family explore their experience in coming to understand and transform their own beliefs and behaviours, and how this has transformed their dynamics as a family.
Future Gen & Innovation:
OVERCOMING ANXIETIES AROUND GROWING UP WITH WEALTH
Lauren Baird, PWN Member (AUS)
Aimee Mensink, PWN Member (AUS)
Jamie Weiner & Russ Haworth, Founders, Quest for Legitimacy (US/UK)
Join this interactive conversation as we explore some of the key issues that can contribute to anxiety amongst the rising generation. What are some ways to navigate succession, as well as deal with challenges such as self-doubt, isolation and finding our own path?
Investment Stage:
IT'S TIME TO REVISIT BITCOIN AND DIGITAL ASSETS
Dean Serroni, Co-founder, Merkle Tree (AUS)
Gabriel Carey, Director, Merkle Tree (AUS)
Have you missed the boat? Is this asset class now investable?
Larry Fink and most of Wall St have changed their mind on digital assets – is it time for investors to take another look? The Bitcoin ETFs launched earlier this year are the most successful launches ever, Sovereign wealth funds and global pension funds are circling. This informative session will provide you with a deeper understanding on the investment case for digital assets. Discover the benefits of this emerging asset class, learn safe strategies, and understand their potential impact on your family office portfolio.
Member Stage: WEALTH TO WELLBEING
Arun Abey, PWN Member (AUS)
Enriching lives is the true purpose of money, but how do we succeed when so many families (90% by Gen 3) fail in this quest? Join us for a special interactive presentation with members guided by PWN Member and author Arun Abey AM, who has been advising families globally with multi-generational wealth for decades.
Future Gen & Innovation:
RECLAIM YOUR HAPPINESS IN THE AGE OF DISTRACTION
Dr Kristy Goodwin, Digital Wellbeing & Neuro-productivity Speaker, Author & Researcher (AUS)
Technology is increasingly stealing our time and attention, including those precious moments of connection with family and friends. In this practical session, Dr Kristy Goodwin shares research-based strategies to help us own our attention and focus on the things that really matter in life and work.
Investment Stage:
CONTINUATION FUNDS: EXTENDING THE JOURNEY OF INVESTMENT SUCCESS
Ankita Baheti, Investment Director, Schroders Capital Private Equity (SING)
Claire Smith, Head of Private Asset Sales, Schroders (AUS)
Continuation funds have emerged as a popular technique to extend exposure to “crown jewel” companies within private equity funds. Better understand the benefits and risks, and why families are increasingly drawn to this dynamic sector of the private equity market.
LUNCH SESSIONS & NETWORKING HUB
1:20pm – 2:50pm
Connect and collaborate with fellow PWN members and peers over the lunch break. This is an exciting opportunity to exchange stories, experiences, ideas and advice on any important issues or areas to you and your family.
Hungry for more content? Join one of our insightful lunchtime sessions.
Sessions run from 1:40pm–2:40pm. See below:
Lunch Session | Perspectives and Lessons Learned in 25 Years of Investing in Private Equity
1:40pm – 2:40pm
[Location: Hyde Park Room]
Tim Sims AM, Founder, Pacific Equity Partners (PEP)
Join Tim, founding partner of Pacific Equity Partners (PEP), one of Australasia’s oldest and largest private equity firms, in an interactive and engaging discussion where he will explore perspectives and lessons learned in 25 years of investing in this asset class. Tim will share the following:
- A founder’s perspective on culture, longevity and the values that underpin the company’s investment decision-making
- The unique way PEP thinks about investing
- Trends in private equity globally and why it is a potentially interesting opportunity for family offices
Lunch Session | Is a Global Recession Looming? Risks and Opportunities for Private Investors
1:40pm – 2:40pm
[Location: Phillip Room]
Chris Joye, Founder, Coolabah Capital Investments
Join Chris as he discusses the drivers of the global economy and whether a global recession is looming. Chris will outline the risks and opportunities that private investors will face in the market and how to best take advantage of them.
2:40pm – MEMBER CONNECT
[Location: Grand Ballroom]
Our Peer Group and Member Connect table discussions will give you a really valuable opportunity to reconnect with your peer groups and others with similar interests early into your Family Office Congress XIV experience. This is your chance to participate and share your ideas while sharing views with other PWN Members on various topics suited to all interests.
Round 1 – 2:45pm
Round 2 – 3:30pm
For a full list of table topics and table hosts, click here
Special Member Connect | Removing bias from founder selection: How diversity boosts returns
3:30pm – 4:15pm
[Location: Hyde Park Room]
Michael Kron, Capital Director, Antler.co and Anthony Millet, Global Partner, Antler.co
Antler is a global asset manager specialising in early stage VC. They have a portfolio of ~820 startups across ~15 funds and a total portfolio value of more than US$3.9Bn. Join Michael as he shares Antler’s perspective on their approach to early-stage startup investing as one of the world’s leading supporters of founders launching and scaling startups.
We’ll explore with founder case studies:
- Access to entrepreneurship for exceptional people not served by existing VCs
- How Antler leverage data and remove bias when selecting founders
- How Antler’s approach leads to founder diversity, more impact companies and a diversified portfolio
- Q&A with UpCover Founders
4:15pm – Keynote Presentation | THE SECRET TO AN ENDURING FAMILY BUSINESS
[Location: Grand Ballroom]
Peter Edwards, PWN Member Australia, Managing Director, Victor Smorgon Group & 3rd Generation Smorgon family member
In this fireside chat, Peter will reflect on his experience leading the Victor Smorgon Group for over 25 years and shares his insights on what it takes to build a successful and enduring business. He will discuss:
- Family roles and responsibilities: from passive shareholder to active employee, fostering a strong sense of purpose and aligned values
- Governance: the structures, reporting, discussions, actions taken to become one of the largest and most established family offices in Australia
- Vision for the future: what does the next 10 years look like – including incoming fourth generation involvement and moving out of the CEO role
END OF DAY 1 & NETWORKING DRINKS
5:00pm
CONGRESS DAY 2
Wednesday 31 May 2023
7:30AM - 3:45PM
7:30am – Registration Opens
7:30am – 8:30am – Optional Breakfast Session | Private Wealth and the Growing Opportunity in Alternative Assets
[Location: Phillip Room]
Kyle Lidbury, Head of Investment Research, Perpetual
Australia’s pool of superannuation assets represents one of the top five pools of retirement assets globally. However, recent super fund regulations have led institutions to reduce allocations to alternatives, forcing asset managers to find new pools of investors to raise capital. Alternative assets present a fantastic opportunity to access diversifying strategies and markets. However, it is important to remember that significantly wealthy individuals and families have significant differences relative to institutions.
In this session, Kyle Lidbury explores:
- The opportunities to access alternative assets
- The unique challenges and risks that investors face when committing capital to this heterogeneous and differentiated asset class
7:30am – 8:30am – Optional Breakfast Session | The Financial Revolution: Bringing together digital assets and impact investing
[Location: Hyde Park Room]
Lisa Wade, CEO, Digital X
In this interactive Q&A session, Lisa will share her views on why digital assets drive a financial revolution.
We will discuss:
- The role of blockchain technology and real-world asset tokenisation in creating new opportunities for impact investing in the real estate sector
- How tokenisation of real-world assets could open up new opportunities for Family Offices
- Other benefits of real-world asset tokenisation
Lisa will also share some examples of Digital Assets and Impact Investing in practice.
8:40am – Opening Remarks & Day 1 Reflections
8:45am – Keynote Session | ILLUSIONS OF TIME
[Location: Grand Ballroom]
Nathan Sibthorpe, Director, Counterpilot
Time is slippery. According to contemporary neuroscience, “now” is an illusion created by our brain. We can’t perceive the immediate present because our senses can’t process data fast enough. Instead, we have to create the present. And so we do, over and over each day.
But why does time seem to speed up as we get older? How is AI technology affecting our experience of the present?
In this immersive session, Nathan Sibthorpe explores a new perspective on time that challenges how we might manage our most precious asset – the minutes and seconds we have on this earth.
9:45am – Keynote Session | WHAT DOES LEGACY MEAN TO ME?
[Location: Grand Ballroom]
Clare Ainsworth Herschell, Co-Founder, Groundswell Giving & 3rd Generation Ainsworth family member
Adam Milgrom, Co-Founder, Tripple & 3rd Generation Besen family member
Priyavrata Mafatlal, Vice-Chairman, Arvind Mafatlal Group & 5th Generation Mafatlal Family member
In this closing fireside chat, we are joined by three dynamic wealth inheritors who will share ideas on why embracing your own legacy is imperative, and how everyone has the power to create impact and shape the values and behaviours that will endure for generations to come.
COFFEE BREAK & NETWORKING HUB
10:30am – 11:10am
BREAKOUT SESSIONS
11:10am – 1:10pm
Future Gen & Innovation Stage (Grand Ballroom 1)
Look into the future and hear about entrepreneurship, business innovation, impact and more.
Member Stage (Grand Ballroom 2)
Hear from members and their different perspectives on how they are making their wealth meaningful.
Investment Stage (Hyde Park Room)
Learn how other families are investing for their Family and Family Office.
Member Stage:
MANAGING FAMILY OFFICE TRANSITION
Gary McConaghy, PWN Member (AUS)
Gary will present the story of how his family are transforming the 55 year old family owned and operated business, McConaghy Properties, into a diversified investment corporation.
Future Gen & Innovation:
REIMAGINING SUCCESSION PLANNING WITH AI
Amanda Johnstone, CEO & Co-Founder, Transhuman (AUS)
Explore the transformative potential of AI in revolutionising succession planning. How can AI tools help facilitate data-driven decision-making and empower future generations to navigate complex succession challenges with clarity and confidence?
Investment Stage:
THE NEXUS OF IMPACT AND PROPERTY
Adam Murchie, PWN Member (AUS)
Adam Murchie explores the emerging interrelationship between Impact, ESG and Property investment. He will unpick where the major drivers are coming from, how they can be harnessed for both doing good and driving economic returns and provide practical examples and case studies on how such outcomes are being delivered.
Member Stage: FOCUSING ON WHAT MATTERS MOST: PUTTING FAMILY STRATEGY INTO ACTION
Jeff Steiner, Head of Family Office, Mutual Trust
Elizabeth Goldfinch, Director, Mutual Trust
Fleur Philip, PWN Member
Camilla Graves, PWN Member
When families of wealth thrive, good things happen. Families flourish, businesses prosper and more private capital is deployed. This interactive session will uncover:
- Why your agreed Purpose of Wealth matters
- What makes a good Family Strategy
- How execution is essential to a thriving family
Future Gen & Innovation:
HOW TO LIVE A LIFE WITH NO REGRETS
Dr Christian Busch, Business Professor at USC Marshall School of Business & LSE Bestselling Author
What would you regret if you were on your deathbed right now? This session explores how to stay focused on creating connections and a legacy that is truly meaningful to us to ensure you can live a life with no regrets.
Investment Stage:
INVESTING IN THE NEW ECONOMY
Paul Chadwick, PWN Member (AUS)
Tom King, co-founder, Nanuk Asset Management (AUS)
In this session, Paul and Tom discuss their investment journey with particular focus on sustainable investing and what the ‘new world’ looks like today compared to 15 years ago. They will explore how various elements of their firm’s investment universe are positioned plus lessons learned along the way.
Member Stage:
BUILDING LEGACY: EMPOWERING THE NEXT GENERATION FOR SUCCESS
Moderated by:
Jane Flanagan, Director of Family Office Advisory, Northern Trust Global Family & Private Investment Offices
Panellists:
- Chris King, Rising Gen Family Member and Manager, Investment & Philanthropy, CH Warman Group
- Felicity Spittle, CEO, CJQ Private
- Ryder Quinn, Rising Gen Family member
Engaging and preparing the rising generation is a subject consistently requested by PWN members. What do future family leaders need to feel empowered to manage their impending responsibilities? Jane Porter Flanagan moderates a conversation with rising gen members on their experiences as well as shares sample peer data from Northern Trust’s recent research on this topic.
Future Gen & Innovation:
ALIGNING YOUR RESOURCES WITH THE WORLD YOU WANT TO SEE
Raya Papp, Co-Founder, SAGANA and Senior Advisor to Circulate Capital (Switzerland)
The Hafenmayer family share their journey over the last decade of understanding their unique resources (skills, network, capital, passion) and linking that to their vision of the world. They will share personal examples of how this experience has led them to chart their own happiness journey.
Investment Stage:
POWERING AUSTRALIA FORWARD: INVESTING IN THE ENERGY TRANSITION
Ludovic Theau, Chief Investment Officer, Australian Ethical
Alex Ramsey, Co-founder and Investment Director, Infradebt
Join us for a dynamic fireside discussion on the Australian energy opportunity and aspects characterising the transition to net-zero.
This session will explore:
- Lessons learned from the COP28 and what this means for decarbonisation and investment in Australia in particular?
- Investment opportunities in the energy transition
- Insights into infrastructure debt assets, including defensive income, risk-return and diversification characteristics.
- Why there is limited opportunity in public/listed markets
LUNCH SESSIONS & NETWORKING HUB
1:10pm – 2:45pm
Connect and collaborate with fellow PWN members and peers over the lunch break. This is an exciting opportunity to exchange stories, experiences, ideas and advice on any important issues or areas to you and your family.
Hungry for more content? Join one of our insightful lunchtime sessions.
Sessions run from 1:30pm – 2:30pm. See below:
Lunch Session | Seven Factors that Drive Global Commodities
1:30pm – 2:30pm
[Location: Hyde Park Room]
Philippe JJ Comer, Partner and Portfolio Manager, PE Investments
Commodities offer a distinct source of returns compared to stocks, property, and bonds. Therefore, by including commodities in a portfolio, investors can enjoy improved returns with lower volatility than portfolios without. In this discussion, Philippe will delve into the current drivers of commodity markets and the advantages of holding a long/short commodities portfolio.
2:45pm – Keynote Presentation | IMAGINING THE FUTURE OF YOUR FAMILY
[Location: Grand Ballroom]
Jason Franklin (G4) & Founder, Ktisis Capital (US)
In this closing Congress session, Jason Franklin, a 4th generation family member and advisor to families globally will reflect on the evolution of his own family and explore how connections, values and family dynamics have changed over time as well as the things that have endured.
3:30pm – Closing Remarks
3:45pm – End of Congress
*Timings are subject to change.