Amit Patni, through his family office, RAAY Investments along with Arihant Patni today announced an alliance with UK based Campden Wealth to bring its integrated global membership platform to India. Catering to the unique needs of India’s ultra-high net worth community, family business owners and their family offices, Campden Family Connect aims to bring international best practices to the Indian family offices by building an exclusive community for prominent global and Indian family principals to exchange ideas and knowledge through peer-to-peer networking events and access to pioneering research.
Established in 1987, Campden Wealth is an independent family owned business providing unrivalled knowledge and intelligence to a community of the world’s wealthiest families, their family offices and ultra-high net worth investors. Through its distinguished approach, Campden Family Connect be an exclusive community for principals of families and their next generation.
Campden Family Connect, is a first of its kind of alliance, which aspires to establish a premier Indian ultra-high net worth membership community providing Indian business families global networking opportunities as well as access to international best practices in family business, family office and generational education. In addition, the program will offer wide array of benefits including personalized introduction to other community members across businesses to enable a cohesive professional connect. Further, members will be entitled to indigenously articulated wealth management intelligence report offering sectorial view of business trends. The members will gain from substantial global insights on advisory and upcoming trends paralleled with relevant and timely information and education required for thoughtful decision-making.
Campden Family Connect will also offer admission to the world class conferences, roundtables and co-investment workshops conducted across the globe along with participation in private member briefings. Members can also benefit from priority application when applying for generational education programs.
In India, Campden Family Connect will be led by joint efforts of Campden promoters and Patni family to leverage on their combined network.
Commenting on the joint venture Amit Patni, Chairman, RAAY said, “We are excited to announce our partnership with Campden Wealth and bring their unique yet exclusive membership community to India. Partnering with Campden Wealth was a natural choice given their eminent global legacy and network comprising of 1300 family principals spread across 30 countries coupled with their in-depth understanding of the Indian market.”
“Over the recent years, we have seen rapid growth in the number of HNWIs as well as single and multi-family offices in India. While the concept of family offices continues to evolve, we believe Campden Family Connect with its pioneering community and diverse offerings will be able to provide exclusive commune for ultra-affluent business families to discuss and deliberate their most pressing concerns and seek solutions in a non-competitive, open environment. Backed by this strategic vision, we are confident that this alliance will play a pivotal role in further institutionalizing and expanding family offices in India”, further added Amit Patni.
The Patni family has been recognized as one of the pioneers in the field of IT in India and went on to build a global IT outsourcing business spanning over a period of four decades. The family has been forward looking and has constantly been recognizing the next wave of innovation, which also led them to become one of the very few to establish the concept of family office in India back in 2006. Having experienced first-hand, the challenges faced in setting up a single family office, Amit and Arihant Patni have been taking consistent steps to build expertise and develop services.
On choosing Patni brothers as partners, Dominic Samuelson, CEO, Campden Wealth said, “This is an exciting development for Campden Wealth, as we continue to grow our global footprint. This partnership in India will offer greater connectivity for our international membership and will provide the Indian UHNW community with direct access to best practice education from families around the world” says Dominic Samuelson, CEO of Campden Wealth. “We realized the opportunity in India” continues Henry Samuelson, Director of Membership for Campden Wealth. “The desire for Indian families to engage on a global level and the ability for us to deliver western education and business relationships is why we created CFC. We are delighted to be partnering with the Patni family, who have been pioneers the Family Office space in India, since 2006”.
On April 6, 2016, Campden Family Connect will be hosting an introductory prelude in Mumbai. The programme will draw participation from ultra-high net worth individuals, family business owners and their family offices who will congregate to discuss emerging opportunities and challenges in the family office space in India.