Roxanne Davies: Investing for Family Offices | SALT Talks #187 | Summary and Q&A

TL;DR

Roxanne Davies, Managing Partner of Pali Singapore, shares her extensive experience working with family offices and explores the world of digital assets, including cryptocurrencies and NFTs.

Key Insights

• 📼 The younger generation's affinity for digital assets, such as cryptocurrencies and NFTs, stems from their exposure to virtual environments and digital economies in gaming.
• 🧑‍🏭 Asian family offices, like their global counterparts, have an interest in digital assets, driven by factors like risk tolerance and access to platforms.
• 🛟 Singapore serves as a progressive hub for digital assets, balancing robust regulation with innovation to foster a thriving ecosystem.
• ‼️ The concept of democratization is a double-edged sword in the digital asset world, with aspects of decentralization marred by centralized control.
• 📼 The future of digital assets, including cryptocurrencies and blockchain technology, remains uncertain due to evolving market dynamics and the potential for obsolescence.
• 🧑‍🎨 Digital art presents an opportunity for artists to bypass traditional art market gatekeepers and establish their own revenue streams.
• 🥰 The value of digital art and NFTs is still a subject of debate, with historical significance and scarcity playing a role in determining their worth.
• 📼 Financial services present an exciting avenue for innovation in the digital asset space, with opportunities for asset-backed investment vehicles like trade finance.

Transcript

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Questions & Answers

Q: What are the key skills required when working with family offices?

The ideal family office professional needs to possess a combination of emotional intelligence, investment management expertise, and problem-solving skills. Flexibility and the ability to work in a non-institutionalized framework are also crucial.

Q: Are Asian families more comfortable with digital assets compared to Europeans and Americans?

The comfort level with digital assets varies among family offices, regardless of cultural background. Asian family offices are equally likely to invest in digital assets, but access to platforms and regulatory differences can influence their participation.

Q: How does Singapore create a favorable environment for digital assets?

Singapore is renowned for being a rational wealth management destination and an innovative digital economy. The government and specialized subparts work together to establish robust regulations and foster a digital asset ecosystem, considering factors such as cybersecurity and legal frameworks.

Q: What potential do NFTs hold in the digital art market?

NFTs have the potential to revolutionize the digital art market by providing artists with a way to tokenize and sell their creations directly to buyers. It also allows for the democratization of art as ownership can be divided, resembling a fractured ownership structure.

Summary & Key Takeaways

• Roxanne Davies has over 30 years of experience working with family offices, focusing on research and risk management in alternative assets.

• She moved to Singapore in 2009 to set up Pali Singapore, an Asian arm of a European family office, and has a deep understanding of the wealth management landscape in Singapore.

• Roxanne emphasizes the importance of EQ and IQ in working with family offices, and highlights the need for adaptability and problem-solving skills.