UHNW families are going global and growing in size and complexity, and they are making bolder investment moves too, exploring new territories and global markets with co-investments and buy-outs. At KPMG, the astute Catherine Grum leads her team in making sure their needs are met, working alongside her counterparts in the US, Europe, Middle East and Asia.

Formerly Savills’ director of family office services, Rupert Phelps switched to Smith & Williamson last year, assuming responsibility for relationships and business opportunities across its family office services.

The industry has been feeling a little beaten up of late, but it’s been an exciting year for Barclays Wealth, says managing director and top gun UHNW banker Theophanis Theophanous.

The sector is ‘going through a transformative change’, says Charlotte Filsell, Sandaire’s head of relationship management. ‘Client needs are evolving – we will soon be serving five distinct generations with very different needs.’