Boston UHNWI specialist opens London office
Boston-based boutique multi-family office TwinFocus has opened a new London office, in a bid to take advantage of the global ultra-high net worth and professional investor marketplace.
The company said in a statement that with “committed clients and capital in London already”, it believes that’s the time is right for a dedicated London base, in the heart of Mayfair. TwinFocus, which advises in excess of $5bn in assets for more than 30 global families, has named Harinder (Hari) Hundle, as managing partner and head of its new office.
Hundle previously served as the head of a London-based single-family office after spending nearly twenty years managing private wealth at firms including J.P. Morgan and Credit Suisse.
“After running a single-family office for three years, I saw the limitations of that approach firsthand,” he said. “I knew my client needed the resources and structure that only a multi-family office could deliver – and he agreed.
“We assessed dozens of global firms and they were all the same, until we met TwinFocus. From surveying the current offering in the marketplace, I believe that the TwinFocus approach is way ahead of the competition.”
Paul Karger, co-founder and managing partner of TwinFocus, called Hundel “one of the most sought-after professionals in the UK’s family office space”,
“[With] his knowledge and understanding of global and European markets, he’s uniquely qualified to help expand our innovative solution.”
TwinFocus London will be supported by the company’s research capabilities established in the firm’s Boston office.