Covid-19 impact on family office risk management strategies
The International Family Offices Journal
Vol. 5 - Iss. 2 pp. 25–30
Pete Shanley (Australia) and Eric Powell (United States) demonstrate from their strong backgrounds in the family office security arena how important it is to have up-to-date security strategies. Their article, ?Covid-19 impact on family office risk management strategies? highlights the need for solid security strategies. They warn: Without exception, the most talked about subject within the family office risk management community today is the Covid-19 pandemic, its triggering of an economic crisis and threats to law and order, and how best to manage all of these events. We are faced with a threat to our family offices from multiple vectors simultaneously. They review in detail 11 areas of concern in risk management. In addition, they stress how important it is to share information in the family office network. Building resilience for the unknown will not be easy, but they close with advice for the future: The crises faced by the next generation may not be as forgiving, so all that can be done to build out long-term resilience and pave the path for future generations should be done. Never waste a good crisis.