DEFENDING HUMAN RIGHTS IN TIMES OF WAR: RESPONSIBILITIES AND CHALLENGES
INTRODUCING MARCO TUPONE
OLD MONEY VS. NEW MONEY: A TALE OF TWO FORTUNES
PAGE 16
PAGE 21
PAGE 23
PAGE 25
MONARCHY AND DEMOCRACY IN THE MODERN WORLD: A STUDY IN GOVERNANCE
INTRODUCING MARCO POLO EXCHANGE
NETWORKING IN THE MIDDLE EAST
EXPLORING THE NINE TYPES OF IMMERSIVE EXPERIENCE OF THE IMMERSIVE EXPERIENCE NETWORK
PAGE 28
PAGE 31
DR. SALEH BIN ZAIN AL-ABIDIN AL-SHAIBI PASSES AWAY IN MAKKAH
GREENLAND: THE UNTAMED BEAUTY OF THE ARCTIC FRONTIER
JULY 2024
The alea journal
FOREWORD
BY
MOHAMMAD AL DUAIJ
CEO OF ALEA GLOBAL GROUP
Welcome to another edition of The Alea Journal
It’s been a wonderful first half of the year with some successful events already completed and yet more to come We look forward to welcoming Europe’s family offices to our September summit
In the meantime, we are enjoying the summer being creative and making the most of our break, which we hope you also have time to do.
We have also been exploring some of the topics that have arisen in conversation at our events, or which have appeared in the headlines recently
Within these pages you’ll find our musings on human rights in times of war, and the role of the monarchy in the modern day and age
We also touch on lighter topics such as the many different types of immersive experience on offer around the world, and the travel experience you can find in dramatic Greenland
Thinking about old money and new money, and the best ways to network in the Middle East, are both inspired by our travels within the international business
community We also look at the innovation of the Marco Polo Exchange and are inspired by the work of Marco Tupone
Finally, we mark the passing of Dr Saleh in Zain Al-Abidin Al-Shaibi, honoring his life and legacy.
We hope you enjoy this issue, and we hope to see you at one of our events as soon as possible
As ever, you can contact me at info@aleaglobalgroup.com
Defending Human Rights in Times of War: Responsibilities
and Challenges
In times of war the defense of human rights becomes both a critical and daunting task. The ravages of conflict often lead to significant human suffering, making the protection of fundamental rights more urgent yet more complicated Human rights defenders face immense challenges as they strive to uphold principles of dignity, justice, and humanity amidst the chaos and brutality of war This article explores the responsibilities and challenges faced by those defending human rights in wartime, drawing on recent, veiled references to contemporary conflicts
Responsibilities of Defending Human Rights in War
Protection of Civilians
The primary responsibility of human rights defenders in wartime is the protection of civilians This includes ensuring that noncombatants are not targeted and that humanitarian aid reaches those in need Organizations like the International Red Cross and Red Crescent play crucial roles in providing medical care, food, and shelter to displaced populations.
Documentation and Reporting of Violations
Accurate documentation and reporting of human rights violations are essential for accountability Human rights defenders collect evidence of war crimes, crimes against humanity, and other abuses This information is vital for international bodies like the International Criminal Court (ICC) to prosecute offenders and seek justice for victims.
Advocacy and Awareness
Raising awareness about human rights abuses is another critical responsibility Advocacy involves informing the international community, media, and public about the realities on the ground This can help galvanize global action, influence policy decisions, and mobilize humanitarian aid.
Legal Support and Assistance
Providing legal support to victims of human rights abuses is a key responsibility This includes offering legal advice, representing victims in court, and working to secure
justice and compensation Legal advocacy groups work tirelessly to hold perpetrators accountable and ensure that victims’ rights are upheld
Challenges in Defending Human Rights in War
Access to Conflict Zones
One of the most significant challenges is gaining access to conflict zones Hostile environments, restricted access, and security risks make it difficult for human rights defenders to operate In some cases, governments or armed groups actively block access to hide evidence of abuses.
Security Risks
Human rights defenders often face grave security risks, including threats, harassment, and violence In many instances, those documenting and reporting abuses become targets themselves Protecting these brave individuals is a complex and urgent challenge
Misinformation and Propaganda
The spread of misinformation and propaganda complicates the task of human rights defenders Conflicting narratives and deliberate distortions can obscure the truth, making it harder to document and report accurate information. In the digital age, controlling the flow of reliable information is increasingly difficult.
Resource Constraints
Limited resources pose a significant barrier to effective human rights defense Many organizations operate on tight budgets, relying on donations and grants Inadequate funding can hamper efforts to document abuses provide legal assistance and advocate for victims.
Political Pressures
Human rights defenders often navigate a minefield of political pressures Governments and powerful entities may
resist efforts to expose abuses, leading to diplomatic tensions and attempts to discredit or undermine human rights organizations
Balancing advocacy with diplomatic sensitivity is a delicate task
Theoretical scenario
Consider a theoretical conflict where an aggressor nation has launched a military campaign against a neighboring state, resulting in widespread destruction and displacement Human rights defenders in this context face numerous challenges Access to affected areas is heavily restricted, with roads and supply lines often cut off Security risks are high with both state and non-state actors posing threats to human rights workers.
In this scenario, misinformation is rampant, with both sides engaging in propaganda to sway international opinion Human rights
organizations must sift through conflicting reports to document abuses accurately Meanwhile, resource constraints limit their ability to provide comprehensive support to victims, and political pressures from various international stakeholders complicate advocacy efforts
Defending human rights in times of war is a formidable endeavor fraught with challenges The responsibilities are immense, requiring courage, resilience, and unwavering commitment
Human rights defenders play an indispensable role in protecting the vulnerable, documenting abuses, and advocating for justice Despite the obstacles, their work is vital for upholding the principles of humanity above any individual nation’s ambitions.
Introducing Marco tupone
Dr. Marco Tupone personifies the modern-day renaissance man, in the true spirit of the ancient Italian Renaissance period. He possesses traits that are similar to persons from the past who have changed the world, from humble beginnings With his inherent resolve in business, philanthropy, and his empathic manner, he utilizes all his learned skills and acquired experiences towards the betterment of people on a global level
He is a balance of business acumen goodwill endeavors, compassion, commonsense, wisdom, and he is also a physical fitness/sports enthusiast (surfing, snowboarding, and so on) This emboldens and inspires all aspects of his actions, creating tangible positive impacts that benefit people, villages, communities, and businesses worldwide
A man of education and honor
Dr Marco Tupone was born in Rome in 1975 His parents encouraged his natural curiosity and his zest for learning and exploring This instilled in him the virtues of hard work, responsibility, integrity, honor, and the desire to help others. These qualities continue to serve him well.
He has developed the forward-thinking, fundamental characteristics of a person who can identify obstacles and challenges, in order to then create sustainable solutions, assemble dynamic teams, and inspire others to achieve the best overall results Dr Marco Tupone is a positive person, a keen critical thinker, an ardent problem solver, and is compassionate towards the inhumanities to man
Dr. Tupone has earned several degrees from the University of Milan, Italy. His Bachelor’s Degree is in Political Science - Economics, Marketing, and Management, and his Master’s is in Business Administration - Business Management & International Law
Additionally, he continues his learning experience through specialized courses that are related to his business and personal interests.
He has been well recognized in all his professional and personal endeavors and in his accomplishments, such as having been bestowed with the honor of Knighthood by the Order of Merit of the Italian Republic
A Knight of the Order of Merit of the Italian Republic is a very distinguished honor in his country and worldwide
In a world of business
Dr Tupone’s creative ventures, as well as his vision of changing how business is done, remains a hallmark of all his companies, whether he has founded them or he has acquired them
Each company represents his business values in social performance, best workplace, employee career development and retention as well as supporting the cultures and communities of the host nations.
All these companies are infused with Dr Marco Tupone’s ethos, in which he creates a business atmosphere and positive outcomes for clients, customers, employees, and the environment This is a living testament to Dr Tupone’s character
These businesses offer products and services that enhance and improve the businesses of clients worldwide, ranging from complete comprehensive logistics, public events and product launches, to product/service consulting and development, social media business integration, transportation, product supply, renewable energy, operations, and so on
The combination of all the core services offered by all of Dr Marco Tupone’s companies is able to create a bespoke endto-end solution, from an initial concept to the final business solution.
Dr Marco Tupone’s Sole-Director Companies include:
LS Logistics: with the largest global footprint, it minimizes the need for outsourcing, in support of the needs of its clients;
LS Consulting: real estate combined with cyber security and IT development;
Varp Studio: a creative agency that utilizes its designers, creators, developers, public relations strategists, and many others, in order to achieve positive successful outcomes, surpassing the expectations of its clients;
Azzari Italy: an innovative consulting international trading company, which improves the operational excellence of businesses through products, technology, and people in numerous business sectors worldwide;
Lion Shield Iraq: offers renewable energy technologies and business innovations
Dr. Marco Tupone recruits professionals who possess a business mindset that is similar to his, based on creativity, dynamic problem solving, compassion, and much more It is this dedication to success that makes the difference and leads him to achieve outstanding success for all his clients, large and small
A Platform That Creates Great Companies for Outsized Returns
Founded in 2020, DVx is a company creation platform with a unique approach to building and scaling companies Created by a team of seasoned entrepreneurs, operators and investors - including the former president of Tesla Jon McNeill, former Tesla VP Karim Bousta, former BCG partner Henry Vogel, and former Moda CEO Ganesh Srivats - DVx is on a mission to create important and enduring companies Leveraging decades of experience building and scaling iconic companies, the DVx founders have cracked the code on startup acceleration -- launching 12 companies in 3 years with 6x return on capital
Unmatched Expertise, Proven Track Record
The DVx founding team has worked together for years, creating billions in returns to investors (9x over two decades). As founders, early investors and board members at Fortune 500 companies, they have solved the most complex challenges at every scale and know exactly what it takes to build great companies. Their diversified expertise spans vast, high-growth markets and industry giants including Tesla, eBay, Lululemon, Burberry, and Lyft, providing unique vantage points into the biggest opportunities.
A Systematic Approach to Startup Success
DVx has created a repeatable process for company launch, expansion and scaling, based on leadership’s cumulative experience across multiple industries and business models Their process relies on extensive research and testing, with a focus on product market fit and achieving steady, organic growth, to ensure they are building fundamentally strong businesses from the start
Maximizing Upside, Aligning Incentives
Unlike traditional VCs, DVx takes a long-term, owner-operator approach They're on the cap table from day one with 100% ownership, maximizing upside potential Even at late stages, they maintain a 40-60% stake - far more than the typical 10-20% of traditional VCs - with minimal capital deployed This operating company structure, combined with no fees or carry, creates ideal incentive alignment with investors
Proven Results, Enormous Opportunity Ahead
The DVx model has already demonstrated its power, with 12 companies launched and external valuations via investment of 6x With dozens of additional ideas and spaces to pursue, they have only scratched the surface of their potential to create massive, outsized returns. Investors have the opportunity to access this deal flow and co-invest alongside the DVx team's proven expertise.
Old Money vs. New Money: A Tale of Two Fortunes
In the gilded halls of international business, wealth comes in two distinct flavors: old money and new money. While both categories are united by their substantial bank balances, their differences are as striking as night and day, manifesting in their style, behavior, education, and even their approach to business. Let’s dive into this intriguing dichotomy, keeping our sense of humor intact and our respect unwavering.
The Sartorial Splits
When it comes to style, old money and new money are worlds apart. Old money tends to favor understated elegance. Picture a well-worn tweed blazer paired with a cashmere sweater, perhaps a pair of classic brogues, and a family heirloom watch The look is timeless, the labels discreet, and the price tags astronomically high but only the discerning eye would notice
In contrast, new money embraces bold statements and brand logos as if they were a second language Think limited-edition sneakers, high-fashion streetwear, and accessories that shout their pedigree from across the room If old money whispers, new money prefers to broadcast preferably in 4K Ultra HD
The Behavioral Blueprint
Behaviorally, old money individuals often carry an air of practiced nonchalance They are wellversed in the art of discretion and possess a certain je ne sais quoi that comes from generations of privilege Their confidence is quiet, their networks extensive but subtly maintained
New money, on the other hand, is exuberant and unapologetic. The self-made often carry with them the energy and drive that earned their fortunes Networking events become a stage for charisma and flair, and social media is a playground for showcasing their latest ventures and adventures
The Educational Expedition
Education also reflects the divide Old money families often have a tradition of attending prestigious institutions, sometimes for generations
These educational choices are as much about maintaining social networks as they are about academic excellence Harvard, Oxford, and the like are not just schools but social clubs where future business alliances are forged over rowing and rugby.
New money, however, might be the first in their family to attend such institutions, bringing a fresh wave of ambition and innovation They may also opt for entrepreneurial courses, tech boot camps, or even dive straight into the business world, using real-world experience as their university
Business Etiquette and Strategy
In international business relations, these differences become particularly pronounced
Old money might approach negotiations with a sense of tradition and long-term vision They value stability, relationships, and the preservation of legacy Their strategies often involve meticulous planning and a conservative approach to risk.
New money, conversely, tends to be more dynamic and adaptable They embrace technology, take calculated risks, and are often more willing to disrupt traditional markets
Their approach to business is marked by a willingness to innovate and pivot quickly, reflecting the fast-paced nature of how they acquired their wealth
Social and Philanthropic Tendencies
Philanthropy is another arena where these distinctions are evident Old money's charitable activities are typically quiet, longterm, and often focused on arts, culture, and education Endowed chairs at universities, family foundations, and centuries-old charities are their playgrounds
New money philanthropy, however, tends to be bold and public. High-profile donations to trendy causes, social media campaigns, and new foundations with innovative approaches characterize their giving They often seek to make a tangible, immediate impact, sometimes leveraging their business acumen to tackle social issues
A Confluence of Wealth
In the global marketplace, both old money and new money bring unique strengths to the table Old money offers a reservoir of stability, tradition, and experience, while new money injects energy, innovation, and a willingness to challenge the status quo
Together, they create a vibrant, dynamic tapestry of wealth and influence. So next time you ’ re at an international business conference, observe the subtle dance between these two forces You’ll find that, despite their differences, they share a common goal: to leave an indelible mark on the world And in the end, isn’t that what wealth old or new is all about?
The Company
With decades of experience in the luxury sector, VARP STUDIO is an Italian based company Our area of expertise is in the management of exclusive branding, product launches and in the production of events
Proving flawless exceptional outcomes backed by meticulous planning and execution at the private and corporate level Every single event is managed with the upmost precision with a laser focus on the details
From the concept creation of the project to the organizational activities, up to the communication & public relation operations
We take care of all the coordination and supervision of the project, including the research for possible sponsors and partners "on the event". Among our partners we include the most prestigious companies in the sector. That are supported by a highly qualified staff, allowing us to produce high caliber events.
Our daily goal is to generate emotions through the experiences we create for our guests, coming from all over the world, highlighting but at the same time preserving and protecting beauty, history and culture so that these occupy a special place in their memory and in their hearts
Our Mission
Every product or experience deserves to be presented at its best And that’s where we come in
One of our many assets is listening We place ourselves at the side of our customers, we keep their ideas, and we give them value with innovative projects We interpret their needs, and with competence and creativity, we package their ideas with a bespoke experience.
In our projects. We give value to experience. The aspect of sophistication and the right connections to multiply the impact of the message that our clients want to give through the event. Our approach is to present customer history through the eyes of the public.
“Young people run, adults know the road.”
Ethics and Compliance
We are a team of combined generations, united by the desire to create something special for others and united by a strategic cohesion: on the one hand experience, on the other innovation
Our team is made up of designers, developers, strategists and problem solvers
Varp Studio believes in young talents and designs its future by investing in their present We value young people's skills and talent, we promote their development allowing each one of our people to fully express their potential
We are convinced that investing in young people is the only way we can build a strong and informed society
Varp Studio in Brief
Being an event agency means knowing the territory, its products, its perfumes perfectly It also means knowing how to choose places to create locations with unique visions
A fundamental aspect of our work is to recognize what a land has to offer in order to offer sensorial and exclusive experiences
Choosing our company you choose a quality partner for the entire value chain
Organizing an event means also promoting and celebrating both our customer and the territory, creating a synergy between the environment and the mission of the event, letting our customers be guided and inspired by places and nature.
In the organisation of our work, we have chosen ecosustainability as the main road to make any decision and to position ourselves clearly in this sector.
Those who choose to work with us know that their event will have a low ecological impact, will respect the environment and will be in harmony with it, without therefore having to sacrifice the components of luxury and beauty.
Head Office/Registered Office: Viale Charles Lenormant 236, 00119 Rome RM, Italy
Founders: Marco Tupone mtupone@varpstudio it ; Roberto Azzari razzari@varpsrl it
Website: www varpstudio it
Instagram: https://www instagram com/varp studio/ Email (general): info@varpstudio it
Tel: +39 3458350861
Monarchy and Democracy in the Modern World: A Study in Governance
The debate between monarchy and democracy is as old as the concepts themselves. In the modern world, both systems persist, each with its unique benefits and challenges. Monarchies often evoke images of grand palaces, centuries-old traditions, and a certain regal allure, while democracies are seen as the bastions of freedom, equality, and public participation. This article explores the distinctions, coexistence, and evolving perceptions of these governance systems, with a particular focus on the United Kingdom.
Monarchies in the Modern Era
Monarchies, both absolute and constitutional, continue to thrive in various parts of the world Countries like Saudi Arabia and Brunei are examples of absolute monarchies where the king or sultan wields substantial power. In these nations, the monarch's word is law, and governance often intertwines with long-standing cultural and religious traditions
Conversely, constitutional monarchies, such as those in the United Kingdom, Sweden, and Japan feature monarchs with largely ceremonial roles. In these countries, the day-to-day governance is handled by elected officials, and the monarch acts as a symbol of national unity and continuity
Democracies: The People's Power
Democracies are prevalent across the globe, from the United States and India to Germany and Brazil In these systems, the power lies with the people, who elect representatives to make decisions on their behalf Democracies emphasize the principles of equality freedom of speech, and the rule of law.
Notably, democratic countries vary widely in their implementation of these principles
For instance, the United States practices a federal system with significant powers reserved for individual states, while France employs a more centralized approach Despite these differences, the core democratic ideals remain consistent.
The Coexistence of Monarchy and Democracy
In some countries, monarchy and democracy coexist harmoniously The United Kingdom is a prime example, where a constitutional monarchy complements a robust democratic system.
The British monarch, currently King Charles III, serves as the head of state, while the Prime Minister, elected by the public, acts as the head of government
Japan presents another example, where Emperor Naruhito embodies the cultural and historical heritage of the nation, while the elected officials govern
This blend of tradition and modernity can provide a sense of stability and continuity, balancing the public's desire for both heritage and democratic participation
The British Monarchy: A Changing Perception
The British monarchy, one of the most recognizable in the world, has undergone significant changes in public perception, especially after the passing of Queen Elizabeth II The Queen, who reigned for 70 years, was deeply beloved by many, and her personal popularity often bolstered support for the institution itself
However, with her passing in September 2022, there has been a noticeable shift in public attitudes. According to a survey by YouGov in May 2023, support for the monarchy has dipped slightly, with 58% of Britons believing the country should continue to have a monarchy, down from 64% in the previous year
This change suggests that much of the affection for the monarchy was indeed tied to Queen Elizabeth II personally, rather than the institution as a whole Furthermore, the same survey highlighted a generational divide: 77% of those aged 65 and over support the monarchy, compared to just 35% of those aged 18-24. This disparity indicates that younger generations are more inclined to question the relevance of the monarchy in a modern democratic society
Tradition vs. Progress
The debate between monarchy and democracy is nuanced, reflecting broader questions about tradition, modernity, and governance Monarchies, with their rich histories and cultural significance, offer a sense of continuity and identity. Democracies, on the other hand, emphasize equality, representation, and the power of the populace
As attitudes evolve and younger generations take a more critical stance towards traditional institutions, the balance between monarchy and democracy may shift However, the coexistence of these systems in countries like the United Kingdom demonstrates that it is possible to honor tradition while embracing democratic principles
Ultimately, whether a country leans towards monarchy or democracy, the effectiveness and fairness of its governance will depend on how well it meets the needs and aspirations of its people in an ever-changing world
The crucial role of education in securing the future of family offices
BritisheducationconsultantsandCo-founders,DebbieGispan and Nicky Sakpoba, recognise that each child is unique and ensurethatthefinalchoiceofeducationiscentredaroundan understandingofthestudentandwhatwillsuitthembest In this article they discuss the crucial role of education in securingthefutureoffamilyoffices.
Panoba’syearsofattendingglobalfamilyofficesummitshas led them to recognise that education is at the heart of the longevity of a strong family office dynasty. They are often approached by family offices who ask them for the best educationalpathwaysolutionsfortheirnextgeneration
These family offices often oversee complex portfolios and substantialassets,andthereforetheimportanceofeducation for the next generation cannot be overstated Proper education ensures that future family office leaders are wellequippedtonavigatetheevolvingfinanciallandscape,make informeddecisions,andupholdthefamily'slegacy
SowhatarethemainfieldsofstudyPanobaseetobekeyin educating the next generation in a rapidly changing global landscape?
Understanding Financial Complexity - Family offices manage a wide array of investments, from traditional stocks and bonds to real estate, private equity, and alternative assets A solid educational foundation in finance, economics, andinvestmentstrategiesisessentialforthenextgeneration
Comprehensive knowledge in these areas allows future leaderstounderstandmarketdynamics,evaluateinvestment opportunitiescritically,andmitigateriskseffectively
Education in finance also covers essential topics such as tax planning, estate planning, and regulatory compliance. Understanding these elements is crucial for maintaining the family office's financial health and ensuring that wealth is transferredefficientlyacrossgenerations
Pursuing an MBA from prestigious US and UK institutions like Harvard,Stanford,Wharton,LondonBusinessSchool(LBS)and theUniversityofOxfordequipsfamilyofficeprofessionalswith essential skills in finance, strategic management, and leadership Theseprogramsofferspecializedtracksinwealth management, private equity, and fintech, providing deep insights into investment strategies and innovation The advanced education and global networking opportunities enhance family offices’ capabilities in managing complex investments and adopting cutting-edge solutions, ensuring long-termgrowthandsustainability
Adapting to Technological Advancements
- The financial industry is experiencing rapid technological changes, including the rise of fintech, blockchain technology, and artificial intelligence. These innovations have the potential to revolutionise wealth management practices An education that includes exposure to these technologies can prepare future family office leaders to leverage new tools and platformsformoreeffectiveassetmanagement.
Technological literacy also aids in enhancing cybersecurity measures,acriticalconcernforfamilyoffices Withincreasing cyber threats, understanding how to protect sensitive financial data and ensure robust security protocols is indispensable
The demand for AI and cybersecurity expertise transcends bordersanduniversitiesintheUSandtheUKarewitnessing a remarkable influx of international students seeking to master these critical fields In response, universities worldwideareofferinganincreaseinspecialisedprograms in these fields and family offices stand to benefit significantly by leveraging the expertise of graduates from thesetopinstitutions
AI has revolutionized the way family offices approach investment management By employing advanced algorithms and machine learning techniques, AI can analyze vast amounts of data to identify investment opportunities, predict market trends, and optimize portfolio performance Graduates from leading institutions like MIT, Stanford,andCarnegieMellonUniversitybringcutting-edge AI knowledge that can be directly applied to enhance the decision-makingprocesseswithinfamilyoffices
As cyber threats become more sophisticated, the need for robust cybersecurity measures within family offices is paramount Protecting sensitive financial data, personal information, and digital assets requires a deep understanding of cyber threats and defence mechanisms UniversitiesliketheUniversityofCalifornia,Berkeley,andthe University of Oxford offer specialised programs that equip graduates with the skills necessary to safeguard against cyber-attacks.
Berkeley’s Master of Information and Cybersecurity (MICS) program,forexample,blendstechnicalskillswithpolicyand managementexpertise,preparinggraduatestoimplement comprehensivecybersecuritystrategies,maintainsecureIT infrastructures, conduct regular security audits, and respondeffectivelytosecuritybreaches
Cultivating Leadership and Governance Skills - Beyond technical knowledge, education in leadership and governance is vital Family offices often face unique challenges related to family dynamics and governance structures Programs that focus on leadership, conflict resolution, and effective communication can help future leadersnavigatethesecomplexities
Education in governance best practices ensures that the family officeoperatestransparentlyandethically,fosteringtrustamong family members and stakeholders It also helps in establishing clear roles, responsibilities, and decision-making processes, whicharecriticalforlong-termstabilityandsuccess
Fostering a Long-Term Vision - One of the hallmarks of successful family offices is their ability to think long-term Educational programs that emphasize strategic planning, sustainability, and impact investing can instil a vision that goes beyond immediate financial returns This approach aligns with the growing trend of families seeking to make a positive impact through their investments, whether by supporting environmental sustainability,socialcauses,orphilanthropicefforts
A long-term vision also includes succession planning Education preparesfutureleaderstotakeoverthereinssmoothly,ensuring that the family office's mission and values are preserved across generations
Encouraging Continuous Learning and Adaptability - The financialworldisinconstantflux,influencedbyglobaleconomic trends,politicalshifts,andmarketvolatility Therefore,continuous learning is crucial for staying ahead Family offices can benefit fromfosteringacultureoflifelonglearning,wherefutureleaders are encouraged to pursue advanced degrees, professional certifications,andongoingeducationopportunities
Adaptability, a key trait for any successful leader, is nurtured throughcontinuouslearning Itenablesfutureleaderstorespond effectively to new challenges and seize emerging opportunities, ensuringthefamilyofficeremainsresilientandforward-looking.
In conclusion, education is the cornerstone of the continued success and legacy of family offices By equipping the next generationwiththenecessaryknowledgeandskills,familyoffices canensureeffectivewealthmanagement,adapttotechnological advancements,upholdrobustgovernancestandards,andfoster a long-term vision In a rapidly changing world, Panoba knows thateducationisnotjustaninvestmentinthefutureofthefamily office; it is an investment in the enduring legacy of the family itself
Introducing Marco Polo Exchange
Marco Polo Exchange (MPX) is a FinTech services platform, and the first reg tech solution for Foreign Financial Institutions (FFIs) to compliantly access US securities markets and US institutional capital directly.
MPX was launched in 2021, and today has 100+ international FFI clients from 50+ countries that offer funds, deals, research and trading services to US institutional buyers, with a strong pipeline of equal size.
We spoke to Jeremy Oades who explained more about the platform.
What is Marco Polo Exchange (MPX) and where did it come from?
The current project is a business started just over two years ago It's a new take on something that people have been doing for almost 10 years This particular opportunity is a form of licensing called a 15a-6 chaperoning license; in America, it's a rule within the aegis of the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority) SEC as a government organization, FINRA is a self regulatory, industry organization, but the two of them together basically oversee the compliance and regulation of all finance business in America
The US has the largest pool of institutional capital anywhere in the world so it's clearly one of the favored markets everybody wants to access But there are obviously a lot of rules and regulations about who is able to access it; how they access it; the compliance around maintaining that access, so there's no dodgy
relationships or bad money sources; the managing of individual representatives working within those organizations having to be registered and licensed and regularly updated with continuing education And then there's the products and services that they're selling have to be compliant; they have to have necessary disclaimers; they have to be targeted at the right people; they have to be properly documented with all of the necessary disclosures And then all of that needs to be updated on a very regular basis with any changes in the rules and any updates with the company themselves, or the individuals or the products, all of which means that it's quite a lot of work to actually manage that situation
Previously one would have to basically engage a law firm probably have an internal compliance officer yourself, and probably have an office in the US, probably employ local employees that are locally licensed and trained, and supported, all of which is an extremely expensive endeavor And you would probably have to spend a lot of money on that as a front end cost, before you even start developing business in the US And then there's the issue of maintaining it, and keeping it current And the liability that comes with that
What MPX, or Marco Polo Exchange, has done is take the framework of a chaperoning broker, which traditionally has been there to provide the function to be able to bring foreign firms from overseas into America in a regulatory compliant way And so the opportunity to do this has been around for a long time But because of all of the costs, and because it's a tedious process and a very detailed one and a very important one to get right, there are very few companies that have
chosen to provide this full service And the few that have, which do exist, have tended to do it in a very, very narrowly defined way that happens to suit a particular business model of their own
What MPX has done is to create all of that as a completely open shop So it's done in a platform environment, where all of the activities can be performed by the foreign company from overseas All the way from submitting the paperwork, to going through the process, to registering the individuals to doing the KYC to doing the continuing education, all of it can be done at arm's length, but they can have a direct relationship with the end investor
What kind of growth has MPX seen in its two years of operation?
Currently almost all of the business on the platform have been clients that have found us through the website So we haven't even done any external marketing So it's clearly a service that is in very high demand And at the moment, only people that know about it are looking for it So they're exploring they're finding it just through its labeling on the internet And they're signing up So currently we ’ re growing at almost 100% increase each year, which obviously is very small
So that's not such a dramatic number just yet. But we are doubling the number of clients each year so far And I expect that will continue for at least another one or two years In fact, we hope that that number will increase dramatically in the next few years, because we are currently raising money to expand and build a sales team So we can actually do proactive sales, to get the message out there And also to expand the team that is bringing the companies on board
Because while the process is largely automated through the systems, because of very, very advanced, very high quality systems they can upload all the information they require directly from where they are So there's no physical exchange of papers or anything needed to do it, which is a huge change from what it used to be
With this platform having taken such a complicated process and automating it successfully, are there other ways the platform could be used to streamline similarly complex processes?
It's in fact one of the main reasons I decided to get involved with the platform As much as I want to help them grow, I've done a lot of work in the world of impact investing, and climate change, basically the UN sustainability issues, and I would very much like to see this platform used for sustainability purposes.
We have a presence through the subscribers in 50 countries already, and that's growing rapidly I feel quite strongly that there is a possibility to use it for things like helping create a marketplace for netzero financial products, or to a soft financing hub for SMEs. If we have already created the platform and paid for it then we don't need a budget to maintain it We've just got to get everybody on board So first things first, we need to get the platform up and running and successful But that is certainly part of our phase two thinking
More about Marco Polo Exchange
The platform centers on two complementary products:
MPX Passport the first fully electronic regulatory onboarding and reporting system cuts processing time from weeks to hours, slashes costs, and provides full compliance for direct relationship development Over 100 securities and advisory firms are already active and another 150+ in the process of onboarding. They cover over 50 countries across Europe Canada, UK, Asia, emerging and frontier markets
MPX Bridge, an AI driven marketplace for primary capital raising, where firms registered on Passport can showcase deal flow and manage transaction workflow between themselves and invited buy-side investors The space will be curated by AI and driven by profile, preference and activity data from the investors and the platform
Networking in the Middle East
Based on Alea Global Group’s experience of hosting family office investment summits in the Middle East and around the world, here’s all you need to know to get the most out of any business event in the region.
Dress code
We recommend that both men and women wear business attire – either business suits or the host country’s national business dress. When hosting one of our own events this is advised both for the daytime programme and for the dinner and cocktail receptions
From personal to professional
Personal relationships play a huge part in business relationships in the Middle East so getting to know your potential collaborators and building trust should be the priority if you want to maximize chances of creating a profitable working relationship It is because of the unique business culture in the Middle East that we do not organize one-to-one meetings at our Middle East events in the way we do for our other events around the world These kinds of targeted meetings between strangers – and in fact any approach that appears in any way business-led or like a pitch – is likely to be counterproductive in the Middle East, and we strongly advise against it
Be aware of background
While they may present very modestly, most of the investors you will meet at the conference have been to the best business
schools in the world and have access to privileged information They have usually traveled extensively, working with people from many different countries, and understand those different countries’ cultures more than a foreign delegate may understand theirs
The occasional faux pas may happen due to differences in background, and the people you meet will be very understanding of this However, it pays to remain aware of the business culture they come from and to refrain from appearing to be pushy or clinical in your dealings with them It’s understandable if you haven’t had much or any experience in the Middle East, and there’s no need to pretend otherwise when meeting people Instead, do a little research into life and culture there ahead of time
Keep it light
In the interests of maintaining good relationships, investors may not put forth strong opinions on topics that could be considered controversial, even if they are very well versed on the topic, so just be aware that this is likely out of politeness and modesty rather than ignorance
Keep conversation light unless the person you are talking to leads it to anything more serious That said, politics often comes into the conversation so be prepared to say what you think and to explain your perspective if it differs from others’. As long as you do this in a polite way and are open to listening to alternative perspectives your authenticity will be appreciated
Family is always a great universal topic, and of course you ’ re around people for whom family is first and foremost Asking whether they have
children, where they and their family members have studied, or where they choose to travel are all safe and fun conversation topics.
Be authentic
If you have the patience to build a personal relationship beginning at the summit, this could turn into a professional partnership that pays off over time and makes your patience worthwhile.
The best way to do this is to relax and merely aim to make friends rather than to make money in the early stages Remember these investors are approached constantly and are being pitched all the time, but they do business based largely on personality. Aim to be someone they enjoy talking to rather than someone trying to sell something to them and your outcomes will likely be better
Greeting etiquette
Always greet the most senior person in the room first when you or they enter This is more about respect for age and authority than a strictly hierarchical custom When shaking hands, allow the more senior person to withdraw their hand first, and this may take longer than you would expect
If you are a man meeting a Middle Eastern woman wait until she offers her hand for a handshake before you offer hers The same goes for a woman meeting a Middle Eastern man Assume in each case that they may not offer their hand, and understand that this is not at all personal, but cultural
Introduce yourself succinctly
As with any networking event, it’s important to be able to concisely explain who you are and what you do at the beginning of a conversation Prepare a short one or two sentence summary but steer away from sales speak and don’t immediately begin talking more about your job or company Instead, go straight into casual conversation and begin building those relationships
Play the long game
People in the Middle East want to build trust before doing business, especially with outsiders This is done through consistency, so there are no quick wins to be had No quick decisions will be made, and investors will not appreciate being asked to make them Likewise pointing out problems they may be having with their business – and how you can help – will not be appreciated as it does not convey respect
Be sure to follow up with any actions you promised after the summit, no matter how small, because this will be noted and respected
Faith and family
Work is important but not as important as faith and family For many Westerners, priorities are reversed, especially for people who are still climbing the corporate ladder Never underestimate the importance of religion in the Middle East.
Whether working with someone who is devout or someone who appears to have a passing interest in their faith, most people regard religion as a moral code, directing them to a complete way of life Never challenge one's faith or ask someone to prioritize your business over a religious belief or practice
Exploring the Nine Types of Immersive Experience of the Immersive Experience Network
Immersive experiences are redefining how we engage with the world around us, blending the boundaries between reality and digital augmentation. The Immersive Experience Network (IEN) is a new UK-based online resource designed to support the sector and inform anyone wanting to work in it. The IEN has categorized immersive experiences into nine distinct types, each offering unique ways to captivate and engage audiences. Let's delve into these nine types and explore their diverse applications.
1. Location-Based VR and AR
Location-based Virtual Reality (VR) and Augmented Reality (AR) experiences bring digital elements into physical spaces, creating immersive environments for users to explore With VR this involves wearing a VR headset to access an immersive experience, but doing this within a physical environment designed for the experience Examples include the new ‘Otherworld’ venue in London, where users can play games in VR and meet up with friends between games in the very real bar area The Infinite VR experience takes immersive footage from the International Space Station and allows multiple users to explore it by wandering around a large customized room in the real world wearing headsets A location-based AR experience, meanwhile, uses phones or tablets to overlay digital elements onto your live view of the real world, augmenting anything from art galleries and museums to your daily commute with playable, creative or educational content
2. Live Action Role-Playing (LARP)
Live Action Role-Playing (LARP) involves participants physically acting out their character roles in a fictional setting This form of immersive experience blends theater, gaming, and improvisation Participants dress in costumes, use props, and follow a narrative, often involving combat, quests, and social interactions Popular in the fantasy genre LARP events can range from small gatherings to large-scale, multi-day events These events can also bring real world historical events or places to life as battle reenactments or renaissance fairs
3. Immersive Theatre
Immersive theatre breaks the traditional boundaries of stage performance, placing the audience in the midst of the action Unlike conventional theatre, where the audience observes from a distance, immersive theatre invites participants to explore the performance space, interact with actors, and influence the narrative ‘Punchdrunk’ theatre company is just one notable example offering deeply personal and engaging theatrical experiences
4. Theme Attractions
Theme attractions are large-scale immersive experiences such as amusement parks and entertainment complexes These attractions use a combination of storytelling, set design, and technology to create fantastical worlds Examples include the Wizarding World of Harry Potter at Universal Studios and Star Wars: Galaxy’s Edge at Disneyland, where visitors can step into meticulously crafted environments and interact with characters from beloved franchises
5. Scare Attractions
Scare attractions are designed to thrill and frighten participants through intense, immersive environments These experiences often found in haunted houses and horror-themed parks, use a combination of actors, special effects, and elaborate sets to create spine-chilling scenarios Attractions like ‘Halloween Horror Nights at Universal Studios and ‘The 13th Floor’ in Denver are famous for their ability to induce fear and adrenaline rushes. The original model for the modern scare attraction is Disney’s ‘Haunted Mansion’ which set the standard in 1969 and is still operating today
6. Immersive Audio Experiences
Immersive audio experiences use advanced sound technology to create a three-dimensional auditory environment This type of experience can transport listeners to different worlds using spatial audio techniques Applications include audio dramas, virtual concerts, and sound-based art installations ‘Darkside’ have produced multiple projects designed to be experienced in shipping containers by an audience wearing headphones for example, offering listeners an engrossing auditory journey that feels remarkably real
7. Experiential Art Exhibitions
Experiential art exhibitions transform traditional galleries into interactive spaces where visitors can engage with art in dynamic ways These exhibitions often use digital projections, interactive installations, and multimedia elements to create immersive environments Examples include ‘teamLab’ in Tokyo, Mercer Labs in New York and Frameless in London, where art is not just observed but experienced and interacted with
8. Alternate Reality Games (ARGs)
Alternate Reality Games (ARGs) are interactive networked narratives that use the real world as a platform Participants follow a storyline that unfolds across various media, including websites, social media, emails, and real-world locations ARGs often involve puzzles, mysteries, and collaborative problemsolving Notable ARGs include ‘The Beast’ created to promote the film ‘A I Artificial Intelligence’ and the viral marketing campaign ‘I Love Bees’ for the video game ‘Halo 2’
9. Escape Rooms
Escape rooms are physical adventure games where participants solve puzzles and complete tasks to escape a themed room within a set time limit These immersive experiences often incorporate elaborate storylines, detailed sets, and challenging puzzles Escape rooms can vary widely in theme, from haunted houses and prison breaks to spy missions and treasure hunts Numerous companies now operate in cities around the world, offering escape room experiences to groups of various sizes.
These nine types of immersive experiences occasionally overlap and it can be argued that there are even more experiences yet to be defined But as a guide for anyone entering the industry, these categories showcase the diverse ways in which technology, storytelling, and creativity can be combined to captivate and engage audiences. As technology continues to advance the boundaries of what is possible will expand promising even more innovative and engaging experiences in the future
Dr. Saleh bin Zain Al-Abidin Al-Shaibi Passes Away in Makkah
Dr Saleh bin Zain Al-Abidin Al-Shaibi, the senior caretaker of the Kaaba, passed away on Friday evening in Makkah Funeral prayers were held after Fajr on Saturday at the Grand Mosque Dr Al-Shaibi, who earned a doctorate in Islamic studies, was a respected university professor and author
He was the 77th key holder of the Kaaba since the conquest of Makkah, responsible for its maintenance and welcoming visitors. He succeeded his uncle, Abdulqader Taha Al-Shaibi, in 2013
His son, Abdulrahman Saleh Al-Shaibi, expressed the family's deep sorrow and acceptance of Allah's will, noting his father's recent illness and enduring patience The community also shared in their grief, mourning the loss of a devoted family pillar
Dr. Al-Shaibi chaired the Department of Creed at Umm Al-Qura University for over twenty years, making significant scholarly contributions He also served on the Saudi
Shoura Council, appointed by King Fahd bin Abdulaziz, and acted as deputy to his uncle before becoming the senior caretaker
Abdulrahman mentioned his father's wish for him to hold the guardianship and key to the Kaaba If this wish is not fulfilled, his uncle Abdulwahab Al-Shaibi will assume the role. The family's cousin, Nizar AlShaibi, highlighted the overwhelming support from society, which helped ease their grief
The General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque mourned Dr Al-Shaibi's death, extending their deepest condolences Khaled Al-Husseini, an expert on Makkah's affairs, also expressed deep sorrow, praising Dr Al-Shaibi's contributions as a scholar and lecturer at Umm Al-Qura University.
Dr. Al-Shaibi's legacy of knowledge and service will continue to inspire future generations
Greenland: The Untamed Beauty of the Arctic Frontier
Greenland, the world's largest island, is a place of striking contrasts and unparalleled natural beauty This Arctic gem, known for its vast ice sheets and majestic fjords, offers an adventure like no other. Whether you're an intrepid explorer, a nature enthusiast, or a cultural traveler, Greenland promises an experience that is both profound and aweinspiring.
Lands of Ice and Fire
The first thing that strikes visitors about Greenland is its dramatic landscape Approximately 80% of the island is covered by an ice sheet, which holds around 10% of the world's freshwater
This ice sheet, with its towering glaciers and crystalline formations, is a testament to nature's raw power and beauty.
For the adventurous traveler, exploring the ice cap is a must Guided expeditions allow you to trek across the ice, marvel at deep blue crevasses, and even camp overnight in this frozen wilderness
For a truly unique experience, consider a helicopter tour over the ice sheet, offering a bird’s-eye view of the vast icy expanse.
For the ultimate ice and fire contrast, you can pair a trip to Greenland with a short flight to nearby Iceland for a day or two exploring the volcano craters
The Magic of the Northern Lights
Greenland is one of the best places in the world to witness the northern lights. From late September to early April, the night skies come alive with the dazzling display of aurora borealis. The lights, dancing in hues of green, purple, and pink, create an ethereal spectacle that is unforgettable
The towns of Kangerlussuaq and Ilulissat are particularly renowned for their northern lights experiences Here, you can enjoy the lights from the comfort of cozy lodges or venture out on guided nighttime excursions to the best viewing spots.
Culture and Community
Despite its remote location, Greenland boasts a rich cultural heritage The Greenlandic Inuit, who have inhabited the island for thousands of years, have a vibrant culture that is deeply connected to the land and sea
Visitors can immerse themselves in this culture through various experiences, such as visiting traditional villages, participating in local festivals, and learning about Inuit art and crafts.
The capital city, Nuuk, is a cultural hub where traditional and modern elements blend seamlessly The Greenland National Museum offers fascinating insights into the island’s history, including exhibits on Viking settlers and Inuit culture
Don’t miss the opportunity to try Greenlandic cuisine, which features dishes like musk ox, Arctic char, and mattak (whale skin and blubber)
Spectacular Wildlife
Greenland's remote and pristine environment is home to a variety of unique wildlife. The island’s waters are teeming with marine life, including whales, seals, and walruses
Whale watching tours, particularly in Disko Bay, provide the chance to see humpback, minke, and even the elusive blue whale
On land, you might encounter Arctic foxes reindeer and the mighty polar bear. Bird enthusiasts will be thrilled by the diversity of avian life, from puffins and guillemots to the majestic white-tailed eagle
Adventure Awaits
For those seeking adventure, Greenland offers a plethora of activities that cater to all levels of thrill-seekers. In the summer months, hiking and kayaking are popular ways to explore the rugged terrain and pristine waters The fjords, with their towering cliffs and iceberg-filled waters, provide breathtaking routes for both activities
Winter transforms Greenland into a paradise for snow sports Dog sledding, a traditional mode of transportation, is a unique way to traverse the snowy landscape. Skiing and snowmobiling are also popular, offering exhilarating ways to experience the Arctic wilderness.
Practical Tips for Visiting Greenland
Traveling to Greenland requires some preparation, but the effort is well worth it Flights are available from Iceland and Denmark, with the main entry points being Nuuk, Kangerlussuaq, and Ilulissat
Accommodations range from luxury lodges and hotels to more modest guesthouses and hostels.
Given the extreme Arctic climate, packing appropriately is crucial Layered clothing, waterproof gear, and sturdy boots are essential, regardless of the season It’s also important to plan activities and accommodations well in advance, as Greenland’s tourism infrastructure is still developing
Greenland is a destination like no other, offering an unforgettable blend of natural beauty, cultural richness, and thrilling adventures. Whether you ’ re gazing at the northern lights, exploring ancient ice, or immersing yourself in Inuit culture,
Greenland promises an experience that will leave you deeply moved and inspired As the world’s last great frontier, it beckons to those who seek the extraordinary So, pack your bags, prepare for adventure, and embark on a journey to the heart of the Arctic
Upcoming Events
24-25 September 2024
Europe Family Office Investment Summit Rome, Italy
9-10 October 2024
APAC Family Office Investment Summit
Hong Kong
9-10 December 2024
Middle East Family Office Investment Summit Dubai, UAE
8-9 April 2025
LATAM Family Office Investment Summit Mexico City, Mexico
21-22 May 2025
Africa Family Office Investment Summit Johannesburg, South Africa
