Edinburgh Cask Management offers a storied way to pass on generational wealth
14
TRADITION TRANSFORMED
Cleave & Company on preserving age-old skills while innovating for the future
15
OCEANS 20
Celebrating 20 years of excellence, growth, and visionary yachting
19
TOP 10 YACHT SALES
The ultimate collection: 10 iconic yacht sales, from 2003 to 2023
23
LEGACY IN MOTION
Investec on navigating the Great Wealth Transfer and beyond 24
YACHT DIRECTORY
Highlights from the Ocean Independence sales fleet
WELCOME
This year, OCEAN INDEPENDENCE turns TWENTY. A milestone, but also a reminder of what truly matters in our industry: CONSISTENCY, TRUST, and LONG-TERM THINKING
Much like the family-owned brands featured in these pages, we believe longevity comes from more than just success. It comes from staying true to what matters. For us, that is precision, quiet confidence and a commitment to independence and reliability. These qualities are deeply rooted in our Swiss heritage and guide how we work with our clients, our partners – and with each other.
Yachting is evolving. Buyers are younger, expectations are higher, digital access and global competition are rewriting the rulebook. But we believe the fundamentals still matter the way they always did. And thus, personal relationships, deep expertise and complete discretion will always set us apart.
This edition of PURSUIT explores how legacy can evolve. It features families and businesses that are staying relevant by staying true to themselves. That is the path we believe in and that is the path we will continue to follow. Thank you for being part of the journey.
PETER HÜRZELER Chief Executive Officer, Ocean Independence
THE TOP TWENTY
NEXT GEN LUXE LIST
Renowned FAMILY-OWNED luxury brands – from watches to winemaking – continue to thrive as FUTURE LEADERS take the helm. Blending rich HERITAGE with bold innovation, they honour their founders’ legacies while evolving to meet modern tastes, ensuring their TIMELESS appeal and cultural RELEVANCE for years to come
EXCLUSIVE INTERVIEW
STEFANO GABBANA
DOLCE & GABBANA co-founder Stefano Gabbana stands at the crossroads of TRADITION and INNOVATION , shaping a FAMILY-BUILT house where Italy's stories, culture and craftsmanship are continually REIMAGINED to resonate with NEW GENERATIONS
Milan-born Stefano Gabbana’s vision for the luxury fashion house he cofounded in 1985 with Domenico Dolce has always been rooted in a devotion to Italy and the richness of its heritage. “I have a deep passion for my country of origin. I've been fortunate to travel extensively throughout my life, but no place fascinates me more than Italy,” Gabbana reflects. “As one of the oldest and most historically rich countries in the world, Italy is an endless source of inspiration for many, all around the globe. Its influence can be seen everywhere — in fashion, art, architecture, cuisine, and traditions.”
Since its earliest days, Dolce & Gabbana has been a proud ambassador for Italy, with the design duo drawing on the nation’s artistic, cultural, and thematic heritage to shape their decadent visions of Italian artistry. Of all their influences, Sicily has been the most profound. “The true spark came when I met Domenico Dolce, my partner and dear friend, who is originally from Sicily,” says Gabbana, recalling how “he introduced me to the traditions of his homeland, teaching me so much about their meaning and beauty.” He reflects on how he and Dolce, “immediately recognised a shared love for our roots, and from that connection, a vision was born: to tell the story of Italy through creativity, style, and beauty. Our collections are not just about fashion — they are about Italian stories, memories, symbols, and culture."
generations of artisans and designers, teaching them the technical mastery of the past and also the values that underpin it. For Gabbana, this means discovering, mentoring, inspiring, and guiding emerging talent. “Teaching the new generations about our experiences is essential, even if our journey is unique,” he says. “Sharing experiences means passing on values, identity, and vision — even when not everything reflects who we are.” In his view, teaching safeguards continuity, linking past and future through a common thread of craftsmanship, creativity, and respect for heritage.
For Gabbana, the values of independence and family leadership shape both his worldview and the structure of the house he helped build. “Family is a fundamental pillar for Italians — it represents our roots, our identity, and our sense of belonging,” he explains. “It’s becoming increasingly difficult to uphold these values, but we are committed every day to preserving and carrying them forward.”
FAMILY IS A FUNDAMENTAL PILLAR FOR ITALIANS — IT REPRESENTS OUR ROOTS, OUR IDENTITY, AND OUR SENSE OF BELONGING
This storytelling impulse is rooted not only in the design of the house’s collections but also in its dedication to craft. “Italy is a land of excellence, and its craftsmanship is truly one of a kind — unmatched, even though many try to imitate it,” says Gabbana. In a fashion world increasingly driven by financial remuneration, technology, and speed, Gabbana sees the brand’s work not just as an act of creativity but as a mission to safeguard heritage. For him, ensuring that the soul of Italian craft is never lost in translation is as vital as shaping the future of design itself. He describes the duty both he and Dolce feel “to pass on to future generations the immense potential our country holds, and to ensure that this legacy of beauty, skill, and tradition continues to thrive.”
This commitment to craft extends into the future, ensuring that the skills and spirit of Italian artistry are not forgotten with time. It is about preparing the next
While the industry has seen many houses taken over by corporate-owned brands, Dolce & Gabbana remains fiercely independent. “Of course, being independent is challenging, especially in times like these, when finance seems to have taken precedence over fashion and creativity. But we remain determined to follow our own path, staying true to our values, our vision, and what we deeply believe in.”
Looking ahead, Gabbana sees the concept of luxury itself evolving, shaped by innovation and sustainability but rooted in adaptability. “It is very easy to always respond in the same way, but very difficult,” he reflects. “As Darwin said, it is not the strongest or the smartest species that survives, but the one that adapts best to change.” In this sense, Dolce & Gabbana’s philosophy becomes clear: heritage is not a static inheritance but a living resource, continually reinterpreted for each new era.
In the house of Dolce & Gabbana, tradition is not nostalgia. It is the foundation upon which the future is built, ensuring that every stitch carries both memory and vision. The enduring relevance of the brand lies in its ability to tell stories that are timeless, yet ever evolving — stories of family, of craft, of Italy, and of the resilience needed to thrive in a world that is constantly changing.
IMAGES ABOVE:
Exclusive imagery of Regina D’Italia, designed by m2atelier and Stefano Gabbana
HIGH CRAFT
Dolce & Gabbana champions ITALIAN HERITAGE, uniting ARTISANSHIP and innovation through mentorship and sustainable partnerships – preserving centuries-old traditions while inspiring generations of designers to shape fashion’s CULTURAL FUTURE
Dolce & Gabbana stands as a guardian of Italian heritage, propelling artisanal mastery into the future. Through instructive exhibitions, cross-generational mentorship programs, and sustainable partnerships, the brand honours tradition while empowering new voices. Landmark exhibitions immerse visitors in Italy’s artistic traditions, showcasing and celebrating techniques dating back to the 1800s, from haute couture and handmade accessories, to mosaic gowns, and live seamstress demonstrations. Awards affirm their cultural role: the Craft & Italian Artisanship Award at the CNMI Sustainable Fashion Awards 2023, and CEO Alfonso Dolce named a “changemaker” in Craftsmanship by the Camera Nazionale della Moda Italiana in 2024 for example. Acknowledging their role in sustaining Italian artisanal culture, these and many other accolades inspire the next generation. Artisan workshops, including the in-house Botteghe di Mestiere, ensure knowledge transfer to new generations. Partnering with Italian fashion schools, they pass on bespoke tailoring and haute couture skills. Dolce & Gabbana’sGen D –Generation Designers initiative unites emerging international designers with artisans, blending global creativity and Italian craftsmanship. With 93% of spending focused in Italy and strategic ties to local workshops, Dolce & Gabbana anchors craftsmanship in sustainable roots, preserving unique skills and centuries-old traditions. Their work keeps Italian culture, art and traditions alive in a dialogue between heritage and evolution.
Luxury’s OLDEST FAMILY BRANDS, with NEW LINEAGES continuing their LEGACY and SHAPING TOMORROW
THE HOUSE OF CREED 1760
The House of Creed, family-owned since 1760, is led by sixth-generation Olivier and seventh-generation Erwin Creed as Creative Directors. Erwin, who began learning the craft at eight, now co-creates best-selling scents and manages business operations. Together, they travel globally to source premium ingredients. In July 2025, Erwin opened Creed’s first flagship boutique in India, expanding the brand’s global presence.
MARCHESI ANTINORI 1385
Founded in 1385, Marchesi Antinori is now managed by the 26th generation — sisters Albiera, Allegra, and Alessia — the first women to helm the historic wine dynasty. As President, Albiera drives global strategy, oversees estate development, and chairs the winery in Piedmont. Allegra oversees their international restaurants and cooking schools, while Alessia curates the Antinori Art Project, linking wine, heritage, and contemporary art.
MAISON MELLER
1613
Granted trading rights by Queen Marie de’ Medici in 1613, Mellerio dits Meller has been family-run for over 400 years. Today, 15th-generation Côme and his mother Laure-Isabelle are modernising the brand with a 2024 Bergdorf Goodman debut and new collections like Color Queen and Cabinet de Curiosités. Fourteenth-generation François and Olivier Mellerio continue to support the family legacy.
FUTURE SEEKERS
PAGANI AUTOMOBILI 1992
NEXT IN LINE
Laurent Ferrier – founder of his eponymous French luxury watchmaking house – is passing on CRAFTSMANSHIP and SAVOIR-FAIRE to his son, ensuring the past is CARRIED FORWARD into the future
Established in 2009 by master watchmaker Laurent Ferrier — a third-generation craftsman and former technical director at Patek Philippe — this eponymous brand reflects a deep commitment to time-honoured skills and family heritage. A heritage in the process of being transitioned to the next generation.
Laurent launched Laurent Ferrier when he was in his sixties 24 years ago, and today his ethos is as clear as it ever was: “To produce fewer pieces with the highest level of care and excellence than compromise for volume,” he clarifies. In fact, fewer than 600 watches are produced annually, and each is assembled, finished, and adjusted by a single watchmaker, who works on a watch from start to finish. This hands-on dedication is unusual in today’s mass manufacturing landscape and ensures that every watch carries the heart and soul of one craftsman.
“I've never tried to impose a vision, only to share a passion,” he continues. “The savoir-faire I’ve cultivated throughout my career is passed on daily. As for creative leadership, it's a dialogue between generations. I make sure everyone follows my vision of watchmaking, while allowing room to interpret; to suggest as long as it remains true to our philosophy.”
Today, Laurent Ferrier is evolving under the guidance of Christian Ferrier, Laurent’s son and Head of Brand Patrimony. Laurent is gradually passing on the expertise he has accumulated over 52 years in the industry. It’s something he describes as: “deeply natural and
almost instinctive — it’s also the reason why I started the company initially to be able to share with my son Christian.”
This transition is more than a generational handover; it is a dialogue that merges the past with contemporary vision. Christian’s growing role marks the brand’s future, combining handcrafted distinction with purposeful advances like incorporating silicon components and LIGA technology in their movements. “Innovation must serve our aesthetic and how the watch performs, but never disrupt it,”Laurent emphasises.
Some elements of Laurent Ferrier’s DNA remain non-negotiable, such as,“the purity of lines, the balance of proportions, the finesse of finishing, and of course, the technical performance of our movements,”says Laurent. “That’s what defines the timeless elegance I’ve always sought.”
Ferrier’s commitment to small quantities and handmade precision is rare. Asked why this is, despite growing demand, Laurent says, “Because our work simply cannot exist without the human hand. Each watch we create is the result of a time of close observation, of patient expertise.” He continues, “Automation may simplify some processes, but it cannot replace the soul that a craftsman breathes into every component.”
This ethos fuels the brand’s steady evolution — crafting watches that pay tribute to generations of knowledge. The brand is a conversation between father and son, between history and innovation. It speaks to a future where craftsmanship is cherished and every watch tells a story.
BRANCHING OUT
Stepping BEYOND the family brand, these OFFSHOOTS are REDEFINING what it means to honour the past
DELFINA DELETTREZ 2007
Delfina Delettrez, fourth-generation heiress of the Fendi family, launched her eponymous fine jewellery brand in 2007. Blending traditional Italian goldsmith craftsmanship with cutting-edge 3D printing and surreal, anatomical motifs, her designs challenge convention. Handmade in Rome, her work merges heritage with modernity, creating a futuristic aesthetic that pays tribute to her lineage while pushing the boundaries of luxury jewellery design for a new generation.
Margherita Maccapani Missoni, granddaughter of Missoni’s founders, launched Maccapani in 2023 — reframing family legacy with a refined, post-streetwear aesthetic. Gender-neutral and digitally driven, the brand blends advanced Italian jersey, immersive tech and resale culture. From AR-enabled collections to vintage-furniture pop-ups, Maccapani challenges tradition with a future-focused vision of Italian luxury.
Sustainable outdoor brand Sease was founded by Franco and Giacomo Loro Piana, drawing on their family’s textile legacy. Bridging the gap between high-end fashion and functionality, Sease uses Merino wool and ocean-recycled fabrics to create sustainable designs that reinterpret Italian heritage for the tomorrow's clientele.
HAPPY BIRTHDAY
These STORIED BRANDS celebrate major MILESTONES –proof not only of their LONGEVITY , but of how they’ve EVOLVED with each generation to uphold ENDURING EXCELLENCE
BERETTA
YEARS
the centenary honours Fendi’s enduring legacy of design mastery and creativity while charting a confident, forward-looking course for the future — reaffirming its position at the very forefront of global luxury.
Marking nearly five centuries of precision and prestige, Beretta remains the world’s oldest family-owned firearms manufacturer. Still guided by the 15th generation, Franco Gussalli Beretta, the house prepares to celebrate its 500th anniversary in 2026 with global events. The journey begins with the Beretta World sporting event in London, where the limited-edition DT11 Pyramide shotgun will take centre stage, embodying craftsmanship and innovation. A heritage press trip to the family’s villa, museum, and factory will further spotlight Beretta’s legacy and influence. With international exhibits, exclusive editions, and a landmark celebration in 2026, Beretta honours five centuries of artistry, resilience, and excellence while evolving for the years ahead.
15-17
YACHTING DYNASTIES
FAMILY-LED shipyards like Benetti, San Lorenzo, Riva, and Amels merge timeless values with modern vision, SHAPING THE FUTURE of yachting while PAYING TRIBUTE to DECADES of craftsmanship
Riva, founded in 1842, is a symbol of enduring Italian creativity — blending timeless elegance with a forward-thinking spirit that continues to shape the future of yachting. Though now under the Ferretti Group, Riva’s is deeply rooted in family values and generational renewal. Recent innovations include El-Iseo, its first fully electric runabout, merging classic design with sustainable propulsion. The award-winning Riva 82’ Diva exemplifies modern spatial innovation, while a new full-custom steel mega yacht line marks Riva’s entry into large-scale superyachts. Expanding beyond the sea, Riva Residenze brings its maritime aesthetic to residential design, lifestyle boutiques, and lounges. Bold, expressive, and unmistakably Italian — Riva is charting the next chapter in design, performance, and lifestyle, on and beyond the water.
SANLORENZO
Amels, founded in 1918 and now led by Rose Damen under the Damen family, merges over a century of workmanship with a sharp eye on the future. Its Amels 80 Limited Editions — launched globally in 2023/24 — combine timeless design with hybrid propulsion, sustainable materials, and customisable interiors by Sinot and Espen Øino. The series introduces a fast-delivery model, offering semi-custom builds without compromising luxury. The upcoming Amels 8003, now in outfitting, continues this vision and is set for delivery in late 2026. Through a mix of innovation and refined tradition, Amels is redefining the future of modern superyachting.
1958 At the helm of Italy’s Sanlorenzo since 1958, the Perini family continues to steer this iconic shipyard into the future, fusing time-honoured skills with cutting-edge design. Known for bespoke luxury yachts, Sanlorenzo is redefining sustainability through its partnership with MAN Engines to develop a bi-fuel green methanol propulsion system — debuting on the 50 X-Space in 2027 — that will cut emissions by up to 70%. This commitment extends ashore with Casa Sanlorenzo, unveiled in Venice in June 2025. More than a showroom, it’s a cultural statement: home to a curated art collection and the “Sanlorenzo Talks” on ecological transition and sustainable innovation.
VAULTS OF LEGACY
ARCHIVES are living resources –fuelling creativity, guiding craftsmanship, and CONNECTING generations
Family-led homewares house Pierre Frey, now run by the third generation, holds 25,000 archival documents dating to the 16th century. By digitising and reimagining patterns from storied names like Braquenié and Le Manach, they use the DNA of the past to inspire fresh, heritage designs.
At interior designer Rubelli, legacy isn’t just preserved — it’s carefully curated. Through Fondazione Rubelli, the fifth-generation Venetian textile house safeguards over 50,000 artifacts, from samples and weaving patterns to rare 18th-century velvets. More than history, the archive is a living blueprint for future design.
SUSTAINABLE LUXURY
HISTORIC brands are redefining sustainability and ethics. Venetian glassmaker BAROVIER & TOSO proves that true luxury values ARTISTRY and CARE for the planet
Family-owned heritage brands have long been synonymous with craftsmanship and artisanal excellence. Today, these values are being infused with a commitment to sustainability and ethical innovation. Among them, Venetian glassmaker Barovier & Toso stands as a beacon, blending nearly 730 years of tradition with environmental stewardship, proving that true luxury cherishes both artistry and the planet.
Founded in 1295, Barovier & Toso remains deeply rooted in Murano, Venice — the heart of artisan glassmaking. Direct descendant of the founding family, Iacopo Barovier, is at the company’s helm. His leadership not only preserves the brand’s artistic vision but also drives strategic decisions about its future, placing sustainability in the limelight, without compromising heritage.
Barovier & Toso exemplifies how centuries-old expertise can coexist with environmental responsibility, embracing cutting-edge technology to reduce its ecological footprint. One of the most significant achievements has been the installation of advanced filtration systems, including bag filters and dust collectors, which have resulted in a 99.8% reduction in particulate emissions. This milestone underscores the brand’s dedication to safeguarding both the health of its artisans and the environment.
Water conservation is another priority. Barovier & Toso has implemented water recovery and purification systems that prevent untreated wastewater from
entering the Venetian lagoon. By protecting this unique environment, the brand demonstrates a deep respect for its local heritage and surrounding area.
Energy efficiency is embedded throughout Barovier & Toso’s operations. The company recycles waste heat generated from its glass furnaces to heat buildings and process water, enhancing overall energy efficiency. Additionally, it offers energy-efficient LED products equipped with DALI-dimmable options, aligning sustainable living with product ingenuity.
Even packaging reflects the brand’s sustainability ethos. All materials used are recycled and fully recyclable, minimising waste and fostering a reuse economy. This meticulous attention to detail in packaging complements the care invested in every glass piece.
Sourcing is also consciously managed, as Barovier & Toso prioritises local raw materials to shorten supply chains and minimise transportation emissions. The production process even uses sand and water from the Venetian lagoon to craft its crystal, further reducing environmental impact while supporting Murano’s artisans and economy. The company’s exclusive formula for Venetian crystal avoids the use of harmful chemicals like arsenic or lead, ensuring environmental safety. By preserving time-honoured practices and embedding them in sustainable processes, Barovier & Toso steps thoughtfully into the future – safeguarding the livelihoods of its craftspeople while passing on ancient skills.
CASKS OF TIME
INVESTING IN CRAFT ACROSS GENERATIONS
Whisky CASK OWNERSHIP is a unique form of GENERATIONAL WEALTH – TANGIBLE , STORIED , and steeped in TRADITION
Now more than ever, ultra-high-net-worth investors are turning to tangible assets that offer not just enduring value, but meaning and lineage. Whisky cask ownership embodies this shift — providing a rare blend of stability, craftsmanship, and connection that deepens with time, building wealth while preserving the past.
At the heart of this movement is Edinburgh Cask Management (ECM), based in Scotland’s historic capital. ECM invites individuals to go beyond ownership — to become part of whisky’s evolving story. For those who choose to invest in a cask, it’s more than a financial decision. It’s the preservation of something rare and personal; a bequest slowly maturing for the next generation.
A LIVING LEGACY
Whisky casks are unique generational assets. Unlike stocks or bonds, they are tangible, storied, and sensorial. Most casks never reach the open market as they are held back for distillery’s own bottlings, which makes independent ownership not only rare, but also deeply meaningful. Casks offer something you can touch, taste, and one day pass down.
The returns are undeniably attractive, with casks typically appreciating by 10 to 15% annually. As emerging markets in India, China, and the UAE develop a growing appetite for premium Scotch, the value of unusual and well-aged casks continues to rise. Classified as a “wasting asset” — with a predictable lifespan under 50 years — whisky casks are exempt from Capital Gains Tax in the UK, Switzerland, and Monaco. Yet, the appeal extends far beyond performance metrics.
A whisky cask is both a family heirloom and a store of value. “There’s a romance to cask ownership. People aren’t just buying into an investment, they’re buying into history,” says Graham Ewart, ECM’s Portfolio Director. “Each cask carries its own unique story, and history is the greatest storyteller. It’s a story that matures over time.”
ROOTED IN CRAFT
All Scotch whisky must legally be matured in oak casks, which are widely considered the ‘unofficial fourth ingredient’ – some would say the most important. The wood imparts flavour, colour, and complexity, and choosing the right oak is an art form. Graham and his Team are experts in the traditional methods behind cask ageing – a process that has remained unchanged for decades. “Time doesn’t always equate to a better whisky; like a fine wine, balance is very important, as is understanding how spirit and wood work together,” Graham explains.
ECM is one of the few independent cask managers with its own bonded warehouses allowing for full control of the process from start to finish. Their third facility has just opened, with capacity for 100,000 casks. The other two already house treasures, including a stretch affectionately known as “Millionaire’s Row”, home to prized casks from Springbank and Macallan, each valued upwards of £300,000.
PERSONALISED STEWARDSHIP
In a world defined by speed, whisky stands apart – evolving slowly and purposefully, with casks maturing for many years. ECM offers clients flexibility to manage their cask personally or entrust its care to the Team — allowing owners to be as hands-on or hands-off as they choose. For some, it’s a curated journey — with warehouse visits, private tastings, updates, regauges, and the option of bespoke bottling. From crystal decanters to wax seals and personalised labels, every detail can be shaped by ECM’s design Team to reflect the owner’s intent. Many clients consult ECM’s in-house wealth specialists, who assist in building bespoke single-cask portfolios or managing collections. The returns speak for themselves: “one client who purchased a Caol Ila cask for £850 fifteen years ago has seen its value grow to over £16,000. Another began with £100,000 and now oversees a portfolio approaching half a million,” reveals Graham.
HISTORY AND CRAFTSMANSHIP ARE SUCH BEAUTIFUL GIFTS — GROWING IN VALUE AND CHARACTER WITH EVERY DAY. IT CAN GIVE A SENSE OF BELONGING IN A WORLD THAT’S SO EASILY TRAVELLED
IMAGE: Graham Ewart,
FROM DISTILLER TO DESCENDANT
More than just investment, whisky is a bridge between generations. One long-term client, Mr Smith, began buying a cask for each of his children as a way to pass on wealth without tax obligations. “Mr Smith has many children and it’s become an ongoing joke between us,” Graham says. “Every six months or so I get a call from him with news of a new grandchild – and every grandchild must have a cask of equal value or opportunity.”
Another story involves a 94-year-old man who, upon his passing, left a cask of 2005 Laphroaig to his granddaughter — the same distillery she once bought him a bottle from for his 80th birthday. “That’s not just inheritance,” Graham reflects. “That’s a timeless expression of love and memory.”
WHISKY FOR A NEW CONSUMER
The whisky world is changing. “More women are now drinking and investing in whisky than ever before, and younger investors are seeing its benefits,” explains Graham. One ECM client, an environmental lawyer, is keen to work only with distilleries that prioritise sustainability – supporting water conservation, biodiversity, and peatland restoration. “Her bottles are wrapped in biodegradable packaging, with seeded labels that grow wildflowers when planted,” says Graham. “She wants everything to be about looking after the environment.”
ECM meets these evolving expectations with transparency and innovation. Every client receives full ownership documentation, individual warehouse accounts, and a clear roadmap to exit. Those new to whisky are welcomed with tastings and personalised guidance — designed not just to maximise performance, but also ensure provenance, authenticity, and emotional resonance.
THE ALCHEMY OF TIME
At its core, whisky cask ownership is about stories. Stories of distilleries, of families, of the alchemy of time. Whether it’s a coveted Springbank or a modest cask laid down for a newborn grandchild, each one holds more than liquid. It holds intention, heritage, and memory.
“People don’t just buy whisky for the return, and that’s what I love most about it,” says Graham. “They buy whisky because it connects them. Because it means something, it’s enjoyable, and they feel a real bond with it. It’s this connection they want to pass down to the next generation. History and craftsmanship are such beautiful gifts — growing in value and character with every day. It can give a sense of belonging in a world that’s so easily travelled.”
And perhaps that is the true return: not just financial growth, but a sense of belonging. In a world that moves quickly, whisky casks invite us to slow down, to invest not just in what we have — but in what we leave behind.
For those with the vision, ECM offers more than an investment. It offers a place in the story.
TRADITION TRANSFORMED
Blending CENTURIES-OLD MASTERY with forward-thinking design, Cleave & Company redefines luxury through LINEAGE , INTEGRITY, ARTISTRY, and enduring cultural significance
Even in an age defined by speed and automation, the value of tradition, true craftsmanship, and timeless design endures. At Cleave & Company, court jewellers and goldsmiths, a quiet revolution is taking place — one that preserves centuries-old techniques while embracing precision engineering, modern tools and ideas. From creating state insignia, regalia and jewellery to crafting objets d’art and bespoke accessories, this storied British workshop fuses heritage with innovation to ensure craft remains not only relevant but revered.
Built on generational values, Cleave & Company’s strength lies in merging timeless craftsmanship with the precision of modern technology. Tools such as CAD design, CNC engraving, and 3D printing have become essential — allowing them to prototype and ensure accuracy. “But innovation never compromises craft,” says Sanay Shah, Director at Cleave. “Our products are still handmade to ensure quality comes first.” Modern sensibilities — minimalist forms and sustainable values — are integrated without diluting age-old techniques. Pieces are crafted using “ethically sourced materials, including Fairmined silver and gold, and responsibly sourced gemstones. Slow craftsmanship means fewer resources are used, and there’s less waste,” Jenny Chen Squire, Cleave’s Head of Corporate Gifting explains.
At the heart of Cleave & Company is a mission to pass on knowledge and skills to future generations. “We strive to respect the craft and hope it lasts for centuries,” says Jenny — and it’s not just a hope, but a strategy. Their apprenticeship programme, tied to the historic
Goldsmiths’ Company (with over 700 years of legacy), is one of the most robust in the country: “We are currently training one polisher and four silversmiths and goldsmiths. Everyone is happy to share techniques and skills — that’s really important for the future of the crafts,” explains Sanay.
Cleave’s work is more than technical excellence – it carries cultural and symbolic weight. The company is trusted by governments and institutions worldwide for orders, decorations, and medals. From the pen used at the King’s Coronation to subtly modifying regalia for the new monarch, Cleave has been trusted by the Royal Household and therefore has the privilege of holding the King’s Royal Warrant.
Cleave’s bespoke services also sees it working with luxury brands, interior designers, and artists to create one-off commissions. One project involved redesigning fittings on a superyacht owned by an Ukrainian billionaire. The scale demanded creativity and bold logistics, including a satellite work-shop in Barcelona. Costing over a million pounds, it took a Team of 12 over a year to complete. “It was one of those jobs that really challenged the Team. We often get projects others can’t take on because they’re so complex,” reveals Sanay.
“Luxury has become more accessible over the last decade, and many now seek handmade, bespoke products — Cleave meets that need. Craftsmanship takes time, from design to quality control,” explains Jenny. Whether it’s a custom medal, royal commission, or unique pen, the goal remains the same: excellence with meaning. In an increasingly mass-produced world, Cleave & Company stands as a beacon for those who believe true luxury lies in care, integrity, and legacy.
CLOCKWISE FROM TOP
Sterling silver model of the Alfa Nero superyacht, crafted to exact scale; Breast Star of the Order of the Garter — the highest order of knighthood in Britain; Special commission: The Silk Road Pen
A BUSINESS BUILT ON PASSION AND PEOPLE
Celebrating 20 YEARS , Ocean Independence remains a business built on PASSION and PEOPLE . Here we take a JOURNEY through the company’s key MILESTONES , from its humble beginnings to GLOBAL YACHTING LEADER
For Peter Hürzeler, founder of Ocean Independence, it has always been the people who define his family-led business. Established by himself and his brother Hans to share what he and his family loved most – “being on a boat, going into bays, going into small ports and just experiencing that lovely lift that life on a boat gives you” – the company this year celebrates 20 years.“It’s been a lot of fun, hard work at times, but fun,” Peter reflects. “But the best thing for me has always been the people. Without our Team and our strong family values, nothing would have happened.”
Peter’s family remains closely involved in the business. His son Alexander serves as Head of Finance, daughter Lana is Head of HR, nephew Claudio Arpino holds a key role, and brother Hans Hürzeler serves as Company Lawyer, all contributing to the company’s growth and ensuring the family ethos remains at the heart of operations.
1987
HUMBLE BEGINNINGS
Ocean Independence began humbly, sparked by a conversation between founder Peter Hürzeler and his brother Hans, who set out to build their dream passenger yacht. Their creation, Colombaio, was ahead of its time as one of the first commercially registered and compliant superyachts: “It was the first sailing vessel in over 100 years that was certified newly as a cargo vessel,” says Peter. Always fully booked, the 120ft yacht’s success spurred expansion to three vessels and the business was born.
Founded in 1987, Ocean Independence started as one of the first Owner-operated luxury charter ventures. Over the decades, it has grown into a full-service yachting company, providing services spanning brokerage, charter, new builds, refits, yacht management, and consulting, and today operates the world’s largest fleet of luxury crewed charter yachts.
From its headquarters in Switzerland and 16 offices worldwide – including London, Palma, and the Côte d’Azur – Ocean Independence employs over 125 specialists. Guided by the ethos that inspired its founding – making people happy and sharing a passion for life at sea – the company approaches every aspect of its work with a focus on service, family, and yachting. This philosophy underpins all its global operations.
1991
FROM SEA TO SHORE
With Colombaio setting the tone, Hürzeler’s pioneering spirit carried Peter and his Team ashore to found Ocean Cruise in Zürich. Focusing on yacht management and brokerage of superyachts, motor yachts and more, Ocean Cruise laid the foundation for Ocean Independence, building on the entrepreneurial drive and customer-first philosophy established during the Colombaio years. The challenges of running Colombaio jump-started the founders’ network and expertise while instilling lasting core values. As Peter notes, “it confirmed that trusting in your vision, working hard, and always doing your very best yields success.” Operating as Owner-operators gave them firsthand insight into what works — and what doesn’t — for Owners, charterers, and crew. This perspective still shapes the company’s client-centric approach today, with perseverance, integrity, and quality service ingrained from the start and central to Ocean Independence’s culture.
750+ CHARTER CONTRACTS PER YEAR
BRITISH YACHTING SPIRIT
Ocean Independence acquired Cavendish White, a respected London brokerage. The culturally compatible Team, led by Tom Walden and Toby Maclaurin (now CCO), more than doubled the UK presence. “We were looking to strengthen our share in larger yachts, and the merger significantly boosted listings and presence, integrating British yachting heritage,” says Peter.
CREW EMPLOYMENT & MORE
Recognising that a yacht’s success hinges on its crew, Ocean Independence launched Crew Employment and Recruitment services. “Talented crew are essential for a good experience on a yacht. Our Team sources captains, engineers, chefs, and more, leveraging our network to provide the best talent. We arrange employment of about 400 crew,” Peter explains. 360-DEGREE
SERVICE
The opening of the Yacht Management division demonstrated Ocean Independence's commitment to full lifecycle service. Led by Daniel Küpfer — who moved from crew to management and has been involved since the early days — the Team enables Owners to enjoy yachting with support in everything from safety and maintenance to compliance and crew.
GLOBAL REACH
The merger of Ocean Cruise with Velonà Yachting (Monaco) and Sea Independence (Palma) created Ocean Independence, uniting cultures under one brand. Offices in Antibes and Düsseldorf, leadership from Rebecca Pattinson, Barbara Müller, Marco Vandoni, Claudio Arpino, and partner Nicholas Dean nearly doubled the Team. Peter reflects: “I'm very willing to give trust to people and luckily I’ve been right.”
PRIMED FOR PALMA
Aware of the industry’s coming growth, Peter and his Team expanded overseas, opening in Monaco and Palma in 2003. “We faced the choice of whether to stay very small and boutique or expand and become a bigger player,” says Peter, recalling Palma’s ideal location and Barbara Müller readiness to take the helm.
NICHOLAS
TOBY MACLAURIN TOM WALDEN
THE FRENCH RIVIERA
By acquiring Antibes-based Primo Yacht, Ocean Independence positioned itself in the Côte d’Azur yachting scene: “crucial for on-ground knowledge”, affirms Peter. Primo founders Judith Amselli and Pascal Erba helped expand the fleet, strengthen the management division, and employ a seasoned charter Team to reinforce a culture of charter excellence.
ON THE MOVE
Relocation of the headquarters to Küsnacht marked a new chapter in global expansion, strengthening Switzerland’s role as Ocean Independence’s anchor. The move from Zollikon upgraded facilities and renewed focus, reflecting values of trust, discretion, and exceptional service. Expansion continued with a Fort Lauderdale office, expertly overseen by Daphne d’Offay and Thom Conboy.
TIME FOR A REFRESH
Ocean Independence undertook a complete rebranding to position itself as a lifestyle brand and better serve its discerning clientele. To complement this, PURSUIT was launched, offering an authoritative yet accessible guide to the ultimate yachting lifestyle. With a readership of 5,800, it is distributed at events including Monaco and Cannes.
JEREMY COMPORT MILES CLARK
BECOMING TRULY GLOBAL
KONG
Expansion into Asia with the acquisition of Hong Kong-based brokerage company Seanergy positioned Ocean Independence as truly global. Led by Jeremy Comport, this provided a regional foothold, adding local expertise and clients, and allowing the company to serve discerning clients seamlessly across Europe, the Americas, and the Asia-Pacific region. FROM HOME TO HARBOUR
The launch of the Private Aviation service enabled Ocean Independence to complement its yacht charters and seamless luxury travel needs. Offering a one-stop solution for a client’s entire journey, the Team arranges private jet charters, helicopter transfers, and even assists with aircraft sales and acquisitions.
AT A
With 16 offices worldwide, Ocean Independence has insider local knowledge in all major yachting regions while maintaining global reach. Since inception, the company has sold over 500 yachts, achieving €4 billion in sales and 750 annual charter contracts. The 120-strong, multilingual Team spans 26 nationalities, delivering expertise and exceptional client service.
THOM CONBOY DAPHNE D’OFFAY
JUDITH AMSELLI PASCAL ERBA
NAVIGATING THE FUTURE
Looking ahead, OCEAN INDEPENDENCE remains rooted in FAMILY VALUES while embracing INNOVATION , SUSTAINABILITY , and AGILITY , ensuring its CLIENT-FIRST ethos continues to shape the future of yachting
Global operations bring new challenges for Ocean Independence. Environmental regulations, stricter anchoring rules, and asset verification procedures all add complexity, while the industry continues to evolve rapidly. For Peter and his Team, agility is essential to maintain a competitive edge and future-proof the business in an ever-changing yachting landscape. Digital innovations streamline operations, with AI-based systems helping anticipate client needs, match available yachts, enhance efficiency, and provide market insight. Yet Peter insists technology will never replace the human element. “We will remain grounded in what makes yachting truly special — personal relationships, human care, discretion and emotional connection. Our service is built on trust, not transactions,” Peter insists. “You have to be close to the client, that creates trust. And despite our size we maintain the Team spirit of a big family,” Peter adds.
“Our clients really appreciate that it is a family-led business with family values. It's something that is regularly commented upon,” Peter explains.“I think they like the stability.” Looking forward, those
values remain central. “We have a long-term vision, which means running and growing it as a family business, and reinvesting in the business. Profit is not the first driver. The clients are the focus,” he explains. “We have to cater to so many different clients in so many different ways. It's not just one thing fits all. The main and most important objective is to deliver excellent service to our clients.”
This year, Ocean Independence opened a new office in Dubai and partnered with the Giangrasso Group – a former supplier to the Italian yacht industry now building its own yachts. Exclusively marketed by Ocean Independence, the first launched this summer.
So what will the next 20 years bring? “Our task is to stay quick and nimble on our feet.To find solutions that benefit our clients and serve them best,” says Peter. “I do believe that some sharing concepts will become more successful in the future. We are working on something along these lines but I can’t say too much at the moment,” he reveals.
Whatever lies ahead, Ocean Independence’s hands-on, clientcentric, family-style approach will, as Peter puts it, “always remain central to our philosophy.”
TOP 10 HISTORIC YACHT SALES
From military conversions to cruise ship refits and pandemic-era deliveries, Ocean Independence’s top 10 historical yacht sales reveal unmatched versatility, discretion, and visionary design
SOARING
68M ABEKING & RASMUSSEN
Built in 2020 by Abeking & Rasmussen and named after the soar of an eagle, Soaring is a 68m steel-and-aluminium masterpiece by Focus Yacht Design. Her profile features scalloped windows, an orange boot stripe and an eagle-beak bow — ensuring she stands apart. Delivered mid-pandemic in March 2020, Ocean Independence’s Team drove empty German motorways, stayed in deserted hotels and secured dispensations to coordinate crew, recalling the surreal atmosphere as unforgettable. In Soaring’s 2023 sale, representing both buyer and seller, Ocean Independence proved its global reach and diplomacy in a Middle East deal. Inside, 1,500GT hosts 12 guests in six suites, including a master with a private terrace and library, all finished with meticulous detail. Outdoors include a beach club, gym, spa, Jacuzzi and swim platform. Powered by twin 2,000hp MTUs, she cruises at 12 knots and reaches 16. Elegant and innovative, Soaring remains distinctive.
HAIDA G
71M KRUPP GERMANIAWERFT
Launched in 1929 by Krupp Germaniawerft and designed by Cox & Stevens, the 71-metre Haida G — originally christened Haida — is a true living piece of maritime history and one of the most iconic classic yachts still sailing today. During World War II she served as USS Argus, before transitioning back into private hands, where her distinguished presence even made her a cinematic star, famously featuring in the Mamma Mia! Money, Money, Money scene. Over nearly a century, she has sailed under several names, including Sarina and Rosenkavalier, reflecting her enduring appeal across generations. From 2002 to 2005, Ocean Independence provided key technical support during her complete rebuild, helping restore her stature as one of the first major classic superyachts to undergo a faithful, full-scale renovation. Remarkably, she still runs on original twin U-boat engines — so unique that manoeuvring requires old-school seamanship, with reversing demanding that the engines be stopped, shifted, and restarted, a process only a handful of yachts in the world still employ. Pendennis later undertook an 18-month restoration in 2016, carefully preserving her monumental twin diesels and original Art Deco details, while adding luxurious upgrades such as a Hammam spa, hairdressing salon, fireplaces, and carbon-fibre reinforced masts.
ROCK & ROLL
50M PERINI NAVI
As one of Ocean Independence’s most dynamic and collaborative sales, Rock & Roll brought together charter and sales consultants to act for the buyer, making this a standout success story. Delivered in 1999 by Perini Navi as Phyrne she measures 164'1" and epitomises the yard’s mastery of combining performance with comfort. The Owner’s vision was clear: a yacht both sporty and luxurious, without compromise. The solution was a new hull form, a high ballast-to-displacement ratio, and a taller rig — innovations that preserved Perini Navi’s trademark elegance while delivering exhilarating sailing. Inside, dramatic Oriental-inspired interiors define her character, none more so than the China Cabin, part of the Owner’s suite, with its walk-in wardrobe, striking portholes, and indulgent bathroom. On deck, a sunken aft cockpit ensures alfresco living even during tropical rains, enhancing her global cruising appeal. Blending opulence and performance, Rock & Roll stands as an enduring icon of bespoke yacht design. Her distinctive profile, cutting-edge build for her time, and unique design brief cement her place as a true individual in the sailing superyacht world — a vessel where bold aesthetics meet technical excellence, and where every detail reflects her Owner’s pursuit of originality.
ALFA
70M BENETTI
Sold in 2024, Alfa marked a standout success for Ocean Independence, blending sales, charter, and management in a seamless client experience. For a first-time yacht Owner, the search to find her was extraordinary — spanning numerous continents over two years, from Asia to the Americas, before that elusive “yes” moment came in the Med. Remarkably, after just one season, the Owner commissioned a major refit — proof that even the perfect yacht invites personalisation. Originally launched in 2020 by Benetti and a 2021 World Superyacht Award winner, Alfa was transformed at Lusben, with designer Mark Berryman reimagining her interiors and adding features like bespoke furniture, a Teppanyaki bar, and four additional bars. The master suite was overhauled with an entirely new configuration, while a dramatic wine corridor was introduced as a showpiece. A cinemastyle beach club with infinity pool, helipad, elevator, and upgraded AV and IT systems ensure she delivers both luxury and performance. With seven staterooms, expansive deck spaces, and a refined blend of Italian craftsmanship and modern lifestyle features, Alfa exemplifies holistic delivery and sets a benchmark for sophisticated superyacht living.
ENGELBERG
55M AMELS
Engelberg , the first Amels 180, broke convention with its Dutch engineering, bold grey hull, vivid orange waterline accent, and client-led design ethos. Delivered to a Zurichbased industrialist through Ocean Independence, this 55-metre yacht started from a clean slate — a rare opportunity to realise something deeply personal and imaginative. The Owner’s choice of landscape architect Enzo Enea for the interior brought fresh perspective: his philosophy was to let the environment flow seamlessly into the yacht’s spaces, blending nature and architecture for fluid, light-filled rooms. Having never worked on a yacht before, he was carefully supported by the Team to balance creativity with practicality and marine functionality. The result is refined yet playful: a Finding Nemo -inspired mosaic wall; a master suite with panoramic views; sliding doors opening saloons to fold-out balconies; and a spa-style bathroom with mirrored dressing room. Spaces were designed for leisure and connectivity, with clever features such as a wooden Metrica partition that doubles as desk and bed headboard, or a fold-out bathing platform that enables guests to board from shore or sea.
Crowning the sundeck, a bespoke curved-glass windbreak adds flair and distinctive character. Engelberg ultimately demonstrates how semi-custom builds can be inventive, individual, and distinctive without excess — instead clever, elegant, purposeful, and unmistakably bespoke.
HEBRIDEAN SPIRIT
90M NUOVI CANTIERI APUANIA
Sold by Ocean Independence in 2009, Hebridean Spirit marked a milestone in the company’s expansion into ultra-large tonnage and hybrid-use vessels. At 90 metres with accommodation for 120 guests in 60 suites, she was not technically a yacht — which meant Ocean Independence’s operations Team had to become passenger-ship certified to meet the Owner’s unique requirements. Originally built as a luxury mini cruise ship for extended global voyages, Hebridean Spirit later transitioned to private use for a Middle Eastern royal family, who travelled with a considerable entourage. Subsequently returned to boutique mini cruising, she demonstrated versatility, resilience, and enduring appeal across diverse markets. Featured in SuperYacht World, she underwent a major interior refit in 2001, elevating her luxurious offering while maintaining SOLAS and Lloyd’s class. Hotel-style amenities included a full-service spa, gym, plunge pool, beauty salon, library, and multiple lounges — delivering five-star comfort at sea. Designed for long-range immersion and authentic exploration, she also carried tenders, watersports equipment, and curated itineraries that balanced leisure, discovery, and cultural enrichment. Ocean Independence managed both her acquisition and resale, demonstrating its proven expertise in complex commercial and private transactions, regulatory compliance, and seamless global vessel repositioning.
Sold in 2016 to join Allen Exploration’s adventurous fleet, Axis is a purpose-built 55.3-metre support yacht — designed for when a main vessel cannot carry the full arsenal of kit. Rather than upsize to a floating cruise liner, the Owner opted for this rugged Damen Yachting-built shadow vessel, conceived for a true explorer and constructed in steel with a commanding axe bow. Inside, Axis features a sleek, minimalist interior by Patrick Dupuis, offering accommodation for eight guests in three main-deck cabins — two queen doubles with Pullman berths and a four-berth cabin — plus quarters for 11 crew. A large on-deck galley-barbecue lounge, sheltered by overhang and canvas, connects to a cosy saloon lounge and sit-up bar. Expedition capability is at her core: a 16-tonne Heila crane, heli deck (3,700kg capacity), and expansive deck host serious gear, from a Triton submarine to an ICON A5 seaplane. The bridge deck “sky deck” offers panoramic dining and entertaining with striking ocean views that reinforce her adventurous character. Powered by four 1,499hp Caterpillars, Axis cruises at 12 knots, reaches 20, and delivers a 5,000nm range for extended global passage-making. Beyond exploration, she has also supported groundbreaking scientific projects and conservation efforts, further underscoring Ocean Independence’s unrivalled expertise in managing pioneering, purposeful vessels that consistently redefine what modern support yachts can achieve for discerning Owners.
STEWARDING FAMILY WEALTH
An estimated $84 TRILLION will change hands globally in the coming decades, prompting many to re-assess their FINANCIAL STRATEGIES . Bank and wealth manager INVESTEC helps families NAVIGATE THIS TRANSITION , recognising generational wealth is about more than assets
Navigating the transition of wealth across generations is a pressing priority for many ultra-high-net-worth families.
Whether driven by the Great Wealth Transfer, evolving family structures, complex global tax regimes, or shifting next-gen values, the need for future-focused wealth planning is more apparent than ever. International wealth management group Investec works closely with families to offer practical, nuanced solutions. With deep expertise in multi-generational planning and governance, their approach is grounded in trust and tailored insight, recognising that generational wealth is not just about money, but about values, vision, responsibility, purpose, and long-term stewardship.
“Each family is unique, and understanding the family dynamics, values, goals and priorities is key to providing tailored wealth strategies,” says Sonia Santos, Investec Bank Switzerland’s Head of High Net Worth Banking. “Sometimes families are very aligned, sometimes not. We build a relationship with the family, ensuring all role players have their voice heard. By listening deeply and planning thoughtfully, we can provide the precision and discretion our clients’ wealth deserves,” Santos explains. Open, cross-generational dialogue is crucial. From tailored wealth strategies to aligning succession goals, Investec helps families collaborate to build structures that reflect personal needs and shared ambitions — ensuring a smoother, conflict-free transition.
plan – we call this a family constitution. We capture their core values, vision, and the way a family wants to govern themselves,” explains Santos. “It’s a roadmap for managing wealth and assets. It helps everyone understand their roles and responsibilities, and it fosters a sense of unity and collaboration.”
Investec also places strong emphasis on preparing the next generation, offering financial literacy programmes designed to educate and guide. “We work with families to equip heirs with the knowledge and mindset to be responsible wealth stewards,” says Santos. “It’s about bringing them on the journey, explaining the plan, and even giving them funds to manage.”
IT’S ABOUT BRINGING THEM ON THE JOURNEY, EXPLAINING THE PLAN, AND EVEN GIVING THEM FUNDS TO MANAGE
Planning for the future requires more than just financial structures. “We help distil the family’s financial purpose into a deeply considered
Family networks are now more global than ever, adding new layers of complexity. “Our international tax and fiduciary specialists support our globally mobile clients to navigate family governance, estate planning, cross-border structuring, and exchange control with precision,” notes Elizabeth Fick, Head of Tax and Fiduciary at Investec Wealth & Investment International.
Investec’s integrated services — spanning investment strategy, tax, philanthropy, trusts, and family constitutions — help build long-term wealth resilience. “Our wide skill set means we can plan, advise and implement holistically, guiding our clients to a sense of safety, confidence, stability, security, and a life of enduring prosperity,” explains Fick. In doing so, they help future-proof family wealth and ensure legacy is preserved, strengthened, and guided by purpose for generations to come.
WORLD OF POSSIBILITY
From sleek EXPLORERS to timeless FLAGSHIPS, our handpicked selection of motor yachts for sale
REGINA D'ITALIA
PEGASUS
VERTIGE
MAORO
PERSUADER
NORTHERN SUN
REVERIE
LADY LUNA
SCORPION
FILIPPETTI F100 HULL #2
MAHALO
MISS SARAH J
NEX-T
KAMA BAY
LADY LUCY
SIRENA 118
LE
MIREDO
LE
VOYAGER
BUILDER:
MILOS AT SEA
2021
LE
PERSHING 8X
SOFIA OF TORTOLA
LE
ENDURING ALLURE
From classic SCHOONERS to CUTTING-EDGE performance yachts, experience the ocean with our fleet of DISTINCTIVE sailing yachts for sale
NOMAD IV
LE
SCARENA
BLACK PEARL II
CREATING GENERATIONAL MEMORIES FOR TWENTY YEARS
Celebrating two decades of Ocean Independence: CONNECTING FAMILIES through yachting, IGNITING PASSIONS and INSPIRING LEGACIES that transcend generations
