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Unlocking the Potential of the 21st Century Single Family Office


Family businesses and family offices face both internal and external complexities, particularly in this era of uncertainty. Family offices need to be agile and understand the emerging trends, risks and opportunities in order to help prepare the family business for the future.

Beyond such factors family offices need to address internal challenges including company structure and managing costs, whilst dealing with sensitive matters such as preparing the next generation to manage the family business.

This distinctive two-day programme focuses specifically on the needs of the single family office, and is aimed at its Directors and senior Managers. This is an opportunity to establish a framework to develop and manage the family office of the future. Participants will discuss issues facing single family offices with peers, faculty members and industry experts.

Why Cambridge?

As part of the Family Business suite, this programme is designed to deliver cutting-edge insights into the latest theories and practices. As is the Cambridge way, smaller class sizes allow for maximum interaction between world-class faculty and top quality participants. This will maximise use of your time in Cambridge, whilst making your experience here one of unrivalled quality and relevance.

Drawing upon the leading-edge research of Dr Khaled Soufani, Director of the Circular Economy Centre (CEC) at Cambridge Judge Business School, this programme has been developed with the direct input of family offices as well as with Iraj Ispahani of Ispahani Advisory and Philip Marcovici of the Offices of Philip Marcovici.

Family sustainability

Family businesses are a great fit with the Circular Economy concept, as they are linked by the need to preserve wealth, resources and longevity, argues Dr Khaled Soufani, Academic Programme Director on The 21st Century Family Business programme.

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The programme is divided into four broad topic areas, with elective streams which may include:

What is a family office?

  • Defining your family office and establishing the right structure for the business
  • Managing resources and advisors
  • Global developments driving change.

Leadership, communication and family businesses

  • Balancing leadership of the family office with family ownership of the business
  • Building effective teams
  • Negotiations and dealing with conflict.

The changing landscape

  • International taxation
  • Impact of the geo-political landscape on the family business
  • Structuring family wealth and business ownership
  • The regulatory environment.

Family offices and society – the responsible family business of the future

  • Family businesses and benefits to society
  • Addressing social and environmental issues
  • Engaging in philanthropy.


  • Gain a greater understanding of family office structures and management of resources
  • Develop your appreciation of the role of the family office in helping family members to navigate business and personal complexities
  • Learn techniques for dealing with relationships within the family, and reconciling differences
  • Understand how tax and regulatory rules affect family offices, businesses and investments
  • Build a deeper perspective on ownership and governance structures.

This programme counts towards the Cambridge Judge Business School General Management Certificate of Achievement. On completing the GMCA you will be eligible to become an associate member of Cambridge Judge Business School's global network of graduates and business-focused University of Cambridge alumni, faculty and staff.

Who should attend

This programme is designed for senior members of single family offices and others providing services to a single family, including:

  • Directors of private trust companies who do not market their services to other families
  • Family members already working in their family offices or interested in learning more about the challenges and opportunities ahead for private family offices
  • Family members responsible for the work of their family offices or who may be taking on such a role in future.

Academic Programme Director

Khaled Soufani

Khaled Soufani

Faculty (Professor level) in Management Practice

PhD (University of Nottingham)

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Other faculty & speakers

Christoph H. Loch

Christoph H. Loch

Professor of Management Studies

PhD (Stanford Graduate School of Business)

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Iraj Ispahani

Founding Advisor

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Iraj Ispahani is the CEO of Ispahani Advisory and is based in London. Iraj serves as a Director and Board Member of the Ispahani Group, a family business headquartered in Bangladesh which will celebrate 200 years in 2020. 

Iraj has held global and regional leadership roles in banking at JP Morgan with assignments in New York, London and Geneva. During his 16 year tenure, he worked as a fixed-income sales professional, as a client relationship manager in the private bank and as a corporate finance coverage banker in investment banking. During his private banking career Iraj advised wealth owning clients on investment strategy and generational planning. In his last assignment at JP Morgan, Iraj was Chief Operating Officer of the Global Financial Institutions Group in the investment bank.

In 2001 Iraj co-founded Cantos Communications which pioneered the use of online corporate and investor communications in Europe. Iraj subsequently worked in organisational development with a focus on people and leadership before joining his family business in 2011.

Iraj has worked in a voluntary capacity for 25 years to help rebuild Shakespeare’s Globe. He currently serves as Deputy Chair and Trustee of Shakespeare’s Globe. He also serves as Chair of the Remuneration Committee and Chair of the Nominations Committee. He is a Member of the Advisory Board of 'Seeing is Believing', Standard Chartered's global initiative to tackle avoidable blindness in collaboration with The International Agency for the Prevention of Blindness (IAPB).

Iraj was educated at Winchester College and holds a Masters of Philosophy degree in international relations from the University of Cambridge and a Bachelors degree (with honours) from London University in politics and history. Over the years Iraj has been interviewed in the Financial Times on talent, emerging markets and philanthropy. In addition he speaks at leading business schools and family education forums.

Philip Marcovici

Founding Advisor

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Philip Marcovici is retired from the practice of law and consults with governments, financial institutions and global families in relation to tax, wealth management and other matters.

Philip is on the boards of several entities within the wealth management industry, as well as of entities within family succession and philanthropic structures. Philip is actively involved in teaching in the areas of taxation, wealth management and family governance. He is a member of the adjunct faculties of Singapore Management University and Nanyang Technological University in Singapore (NTU). Philip is also a member of the Advisory Committee of the Hong Kong University of Science and Technology's Tanoto Center for Asian Family Business and Entrepreneurship Studies.

Philip was the founder and CEO of LawInContext (now known as Baker McKenzie Link), the interactive knowledge venture of global law firm, Baker & McKenzie. Philip retired from his CEO role with the company as from the end of 2010, and from his Chairmanship of the company as from the end of 2011.  

Philip was a partner of Baker McKenzie, a firm he joined in 1982, and practiced in the area of international taxation throughout his legal career. Philip was based in the Hong Kong office of Baker McKenzie for 12 years, relocating to the Zurich office of Baker McKenzie in 1996. Philip has also practiced law in each of New York and Vancouver, British Columbia. Philip retired from Baker McKenzie in 2009.

Philip Marcovici is the former chair of the European tax practice of Baker McKenzie and of the steering committee of the firm's international wealth management practice, of which he was one of the founders. Philip was also one of the founders of the Baker McKenzie Asia-Pacific tax practice and was involved in a number of firm and practice group management functions.

Among others, Philip Marcovici received the Citywealth Magic Circle Lifetime Achievement Award in 2009 and, jointly with Fritz Kaiser, the Wealth Management Innovator award in 2011 for his work in instigating the Liechtenstein Disclosure Facility. In 2010 Philip received the Russell Baker Award from Baker McKenzie in appreciation for his exceptional contributions to the firm’s Global Tax Practice. In 2013, Philip received a Lifetime Achievement Award from the Society of Estate and Trust Practitioners and in 2016 received a Lifetime Achievement Award from WealthBriefing.

Philip is a graduate of Harvard Law School and of the law school of the University of Ottawa. He is admitted to practice in New York, England and Wales, Hong Kong and British Columbia, Canada (retired).

Philip is the author of The Destructive Power of Family Wealth (2016). 

Dates & fees

Dates Duration Fees *
2-3 April 2020 2 days £2,500 + VAT

VAT is charged at the prevailing rate, which is currently 20%; e.g. £2,500 + 20% = £3,000.

* Fees include instruction, materials, lunch and breaks. Preferential rates may be available for groups, University of Cambridge alumni and members of the School's Alumni Association. Please note prices pre-registration are subject to change.

For information regarding payment terms, cancellation rights, transfer policies and fees, please see our terms & conditions documents:

Terms & Conditions for Self-funded Applicants (pdf, 277KB) (updated 4 September 2019)
Terms & Conditions for Organisation-funded Applicants (pdf, 295KB) (updated 4 September 2019)

Registration closes at midday two working days before the programme start date.

Participants are expected to attend the full programme.

If you have any questions or would like to have a chat about this programme and how it could benefit you or your organisation, please get in touch with the programme advisor:

Elodie Cameron

Marketing & Business Development Manager
Tel: +44 (0)7879 116925

Elodie Cameron

Version 2 (23 October 2019)


2 days


2-3 April 2020

To find out more about our range of open enrolment programmes, download our brochure.

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