These cookies will be stored in your browser only with your consent. However you may visit Cookie Settings to provide a controlled consent. The new general counsel previously worked at Davis Polk & Wardwell, where as a partner he worked in the Californian and New York offices and led the private equity business. This responsibility to future generations informs how the family acts now, which is always mindful of its impactupon others and approaches what it does with generosity, sincerity and loyalty, and in the knowledge that how they do things matters as much as what they do. The Bertarelli Foundation was created in 1998 in memory of Fabio Bertarelli, father of Ernesto and Dona Bertarelli and husband of Maria Iris Bertarelli. Their history is that of a family of entrepreneurs and Waypoint and its diversified range of business interests reflects that spirit. In 2007, she received a large sum of money when the company was sold for $13 billion. Mrs Bertarelli is now richer than pop superstars Sir Mick Jagger, said to be worth 310million, Ed Sheeran (220million . FC Barcelona has already begun earmarking possible replacements for coach Ernesto Valverde with only the Champions League title that has eluded that Catalan giants since 2015 able to prolong his occupation of the hot seat. Similarly, the UBS 2020 Global Family Office Report s hows that 60% of surveyed family offices perceive sustainable investing as key to maintain . Waypoint Capital, the firm which advises the Bertarelli family, appointed Ron Cami as group general counsel, according to a statement. our complete methodology , Design & development: It invests in high quality single-purpose asset management firms. We believe there is nothing more important than health. Our recommendations support your family's legacy, improving efficiency and reducing the family's risk. With offices in Geneva, London, Jersey, Boston and Luxembourg, Waypoint operates . All Rights Reserved. Sells Serono to German drugmaker Merck for $8.6 billion. They enjoy creating businesses, but equally believe in theimportance of taking time in life to pursue and enjoyones passions. Another exemplary portfolio company is Riverbridge Partners, which manages US equity growth portfolios for institutional and high net worth investors. Before, Cyrus Jilla worked for Schroders and Bain & Co. Northill is a rather special investment vehicle of the Bertarelli single family office. Ernesto Bertarelli's wealth manager has appointed a new CEO. Asset management operating margins rose to 35% during 2020 according to Casey Quirk, but success is increasingly concentrated on a smaller number of managers and winning clients has become a protracted business. The pair has three children and the split comes after 21 years of marriage, according to theDaily Mail (Online), citing a spokesperson for the couple. The Bertarelli's wealth is estimated to be about $12 billion and they ranked 14th on the 2021Sunday TimesRich List. Ernesto Bertarelli has also enjoyed success in sailing with Team Allingi, which has won the Americas Cup twice. Sporting an unusual beard, Ernesto Valverde last night returned to the public spotlight for the first time since being fired as FC Barcelona head coach. Bloomberg, 16.03.2020 Can Credit Suisse Really Put its House in Order? Get the latest stories as they happen: Free e-mail alerts from finews.com. [41] In 2023, Bertarelli pledged $75 million to Harvard Medical School to "advance scientific discovery and a culture of entrepreneurship". Team Crosstree was founded by Sean Arnold and Nick Lyle in partnership with Ernesto Bertarelli's investment group, B-FLEXION (formerly Waypoint Capital), through . Exclusive news, analysis and research on global family enterprise and private investment offices. He is also the . Swiss billionaire Ernesto Bertarelli has had enough of yachting's biggest race. Related by financial asset: Santhera Pharmaceuticals. He managed to triple Serono's revenues to $2.8BN. This 300-seat concert hall has an organic shape, perfectly self-contained and within the golden ratio, whose proportions were designed for non-mechanical acoustic amplification. Contacts: Northill Capital Northill Capital is an independent, privately held asset management business, established in London in 2010, with substantial financial backing from interests associated with the Bertarelli Family. ekaterina_pesheva@hms.harvard.edu Office: 617-432-0441. The company shot to prominence, and sold shares in an initial public offering on the Swiss stock exchange, in 1987. Ernesto Bertarelli inherited biotech giant Serono, maker of the multiple sclerosis drug Rebif, following his father's death in 1998. Sister Dona is also an avid sailor and competes on an international women's team that races on Lake Geneva during regatta season. Dans ce livre post confinement, Elsa Floret, journaliste et auteur genevoise, sinterroge sur la place, le rle, le sens et la responsabilit individuelle de ltre humain ce mammifre qui a oubli quil tait de passage sur la Terre. [13][14][15], As well as these businesses, B-Flexion,[16] which is headquartered in Geneva, with offices in Jersey, Boston, San Francisco and Luxembourg,[12] also manages investment holdings itself, including healthcare provider Affidea, medical technology company Esaote, and allergy immunotherapy group Stallergenes-Greer. Ernesto Silvio Maurizio Bertarelli (born 22 September 1965) is an Italian-born Swiss billionaire businessman and philanthropist.. Sir James Dyson and family were fourth on the list, worth 16.3billion. Your email address will not be published. More on this News . [43], Bertarelli met Kirsty Roper, a former 1988 Miss UK and songwriter, while on holiday in Italy in 1997. Waypoint said it appointed Gordon McNair as its Chief Financial Officer, effective early 2017. You need at least a Premium Subscription to read this article. When Ernesto Bertarelli '89 was in high school, he wasn't performing well academically. His grandfather, Pietro, joined Serono, a pharmaceutical company founded in 1906. Testimonials You will need a Premium Plus Subscription to access this database. SFO Alliance is hosting their second annual global Members Meeting for Single Family Office investment e, Family Capital has identified 18 private investment offices connected to the 29 teams in the top flight, Scottish family office Souter Investments has invested in Amey, one of the best-known brands in the UK, The approach of the mens football World Cup in the US, Mexico, and Canada in 2026 is getting North A, The Getty family-owned Getty Images is taking legal action against AI providers, saying they have undermined , Please refer back with further deals and all links for new investment groups with 24 hours His yacht-racing team, Alinghi, was the first European team to win the America's Cup, in 2003, and successfully defended its title in 2007. The gift will set in motion plans to transform the outdoor courtyard of Building C into an expansive, skylighted atrium that will serve as convening and collaboration space . In 2007, Bertarelli sold his family's pharmaceutical company Serano to Merck for nearly $14 billion. Swiss biotech executive, entrepreneur, and philanthropist Ernesto Bertarelli has pledged $75 million to advance basic scientific discovery, therapeutic science, and a culture of entrepreneurship at Harvard Medical School.. As family wealth is spread over several family members . With his sister Dona, he expanded the company to $2.4 billion . On July 3, 2007, Alinghi beat Team New Zealand in race 7 by 1 second to retain the America's Cup, winning the series 52. Her catamaran, Ladycat, won the Bol d'Or Mirabaud race in 2010 and she founded sailing team Spindrift in 2011. [30], Socit Nautique de Genve and Bertarelli's efforts to organize the 33rd America's Cup following their 2007 victory in Alinghi were subject to numerous legal challenges by the Golden Gate Yacht Club. He managed to triple Seronos revenues to $2.8BN. [25], His relationship with this sport is due to his youth spent in Monte Argentario. Led by legendary oceanographer Dr. Sylvia Earle, Mission Blue is uniting a global coalition to inspire an upwelling of public awareness, access and support for a worldwide network of marine protected areas Hope Spots. Bertarelli currently co-chairs with his sister Dona the Bertarelli Foundation which focuses on marine conservation and neuroscience research. Who is the Most Active Swiss Family Office Dealmaker? Neuroengineering program is focus. As a natural progression in ocean conservation, she is now advocating for the connectivity of marine protected areas, to help conserve key migratory species and entire marine ecosystems, for the benefit of the communities which rely on the ocean for their livelihoods. Ernesto Silvio Maurizio Bertarelli (born 22 September 1965) is an Italian-born Swiss billionaire businessman and philanthropist. The donation will be used to reconfigure the infrastructure and layout of Building C, the last unnamed structure among the five marble and granite buildings that surround . Bertarelli inherited Geneva-based drug manufacturer Serono with his sister, Dona. Ernesto Bertarelli drew from his experience taking over the reins of the Switzerland-based biotech Serono from his father when helping launch and expand this family entrepreneurship institute. The 53 year old is a former Miss UK, and is currently a model and pop singer. Bachelor of Arts/Science, Babson College; Master of Business Administration, Harvard University. All Rights Reserved. Although the team narrowly missed beating the record, Dona became the fastest woman to sail around the world. [32][33], Alinghi now competes in the Extreme Sailing Series, which it most recently won in 2016, and in the summer-long, one-class D35 championship on Lake Geneva. "We're looking at about 30% growth per annum in assets, with particular interest from families in the 10 million to 30 million bracket," says Andrew Wheeler, executive director at Unigestion. With the team having won the Champions League just twice this decade with arguably history's greatest player at its disposal, it is safe to assume that nothing less than a title will keep Valverde in his job, with landing the big-eared trophy the No. The Bertarellis sold the family's 64.5 percent stake in the company to Merck KGaA for $8.6 billion, in September 2006. Castleman is an experienced venture capital investor as well as as advisor to institutional investors like family offices. Please take a moment to read the Legal Notice. This category only includes cookies that ensures basic functionalities and security features of the website. Our Core Belief. By the early 1970s, Bertarelli took majority control of Serono by acquiring shares on the open market and renamed it Ares-Serono. She is donating all her royalties from the book to The Womanity Foundation, of which she is a patron. Bertarelli also owns sailing team Alinghi that twice won the America's Cup. 1906 Founded in 1906 by Cesare Serono, the company's initial growth was due to their product, Bioplastina, which, by the 1920s, was selling at a rate of over 1.3 . We believe the world needs faster, better, more affordable access to high quality care. Little has confirmed the hire of three former Northill executives including Rebecca Noyes, who becomes Alderwoods chief financial controller. In addition to the typical finance role, he will also be responsible for evaluating investment ideas, risk management and fund administration, the Bertarelli family office . The benefits include privacy and confidentiality as the family office is the sole entity that keeps all information for all family members, covering the entire portfolio of assets, activities, tax and general . Since the sale to Merck, the wealth has been moved into hedge funds, private equity and real estate through Geneva-based investment vehicle B-Flexion, previously known as Waypoint Capital. [12], These businesses include Kedge Capital, an investment management group specialising in hedge funds, private equity and real estate; Northill Capital, an asset management business; a UK real estate investment fund, Crosstree; and Gurnet Point Capital, a fund based in Boston that invests in healthcare and life science business. Your name. UBS and Campden surveyed 264 family offices that, on average, manage assets of $921m. Private Equity, The Worlds Top 750 Family Businesses Ranking, Paul Allen created one of the worlds most dynamic private investment offices, World Economic Forum appoints new head of its family business community, The new multi-family office the family-backed investment fund, Family office backs private debt group in decarbonisation efforts. Switzerland's richest man has taken a stake in Aston Martin. [44] The couple's divorce was announced in October 2021. . She is co-president of the Bertarelli Foundation and also owns the Grand Hotel Park in Gstaad, Switzerland. Bertarelli was also a UBS board member between 2002 and 2009 and he won the Americas Cup in 2003, defending it in 2007 with the Alinghi team he had founded and which he helped crew. Register for free articles or subscribe for full access. Its mission is to increase the capacity of enterprising families around the world to create economic value and social impact, and to build those efforts on a foundation of . technology, building on the Bertarelli family's long involvement in biotechnology and life sciences. You also have the option to opt-out of these cookies. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Bertarelli was the primary helmsman of his boat Alinghi 5, which lost both races against the challenger USA 17 by a considerable margin. Unsplash, 16.03.2020, Your email address will not be published. LAventure Spindrift, published in 2016, chronicles the first five years of the Spindrift team created by Dona Bertarelli and Yann Guichard. Geneva, Switzerland - 23 June 2015 : Waypoint Capital, the business enterprise for investments associated with the Bertarelli family, today announces the appointment of Christopher A. Viehbacher as the Managing Partner of its US-based Gurnet Point Capital ("GPC") fund. She is likely to have signed a prenuptial agreement before the marriage in 2000, with one of her friends telling the newspaper that the settlement was a generous one as the couple did not want to have to undergo a lengthy court case in Switzerland and given Ernesto's intent on recognizing the duration of the marriage. She will help UNCTAD promote a sustainable blue economy, particularly in developing countries, to ensure the responsible and regenerative use of the ocean, seas and coasts for economic growth, while preserving the health of the ocean ecosystem. Jilla formerly led Eight Roads Ventures, a venture capital investment owned by Fidelity International. FC Barcelona will look to reverse their recent poor fortunes in the Spanish Super Cup when they head to Saudi Arabia this week. Family Office Glossary [2] According to Bloomberg Billionaires Index, Bertarelli and family has an estimated net worth of $20.2 billion, as of 16 April 2021. The Bertarelli family, whichsold Serono to German Merck in 2006, is estimated to be worth north of $14 billion. Dona Bertarelli has won prestigious races and broken records both . Bertarelli was voted the St. Louis region's #1 Kitchen/Bar Supplier in Feast Magazine's coveted Feast 50 Awards. NZZ, 16.03.2020 It is mandatory to procure user consent prior to running these cookies on your website. [27], In 2000, Bertarelli founded the yachting syndicate Team Alinghi, which in 2003, representing the Socit Nautique de Genve, won the Louis Vuitton Cup before beating Team New Zealand in Auckland to win the America's Cup. Among Dona Bertarellis other philanthropic activities, she supports several initiatives focused on the ocean, and she is part of a community of advocates, the World Economic Forums Friends of Ocean Action. B-FLEXION was founded and is chaired by Ernesto Bertarelli, whose family, over the course of three generations, built Serono into a global pharmaceutical and biotechnology business. The family has disclosed investments that are valued independently. Active successfully since 2002 in risk-controlled investing including Hedge Funds and Private Equity, Kedge Capital currently manages several billions of assets on behalf of a small group of investors. The family sold its stake in the company for 10.7 billion Swiss francs ($8.6 billion) in 2006. Ernesto and Kirsty Bertarelli owned a Bombardier Global Express XRS private jet.The jet has registration HB-JII. Chaired by Ernesto Bertarelli, Waypoint was founded in 2012 to give strategic leadership to the group and provide a broad range of . The Bertarelli wealth stems from biotech firm Serono SA which was sold in 2007 to Merck KGaA. Management of the family's wealth is mainly through the B-Flexion,[11] which invests through its six separate specialist investment managers including such areas as Swiss real estate, and US life sciences. Oracle billionaire Larry Ellison's yacht club sued multiple times over Alinghi's proposed format for the 2010 America's Cup, which the Swiss team, with Bertarelli at the helm, would eventually lose to its American rival. Bertarelli and his family sold the company to Merck KGaA of Germany in January 2007[7] for US$13.3 billion, forming the new company Merck-Serono. A Swiss philanthropist, investor, sportswoman, and strong advocate for ocean protection, environmental conservation, animal welfare, education and social causes for more than thirty years, Dona Bertarelli is committed to a life more thoughtful. Sources B-FLEXION is a private, entrepreneurial investment firm, partnering with sophisticated capital to meet the shared goal of delivering exceptional value over the generations, while also contributing positively to society. T performing well academically as they happen: Free e-mail alerts from finews.com need a Premium Plus Subscription access. In life to pursue and enjoyones passions theimportance of taking time in life to pursue enjoyones..., Bertarelli met Kirsty Roper, a venture capital investor as well as as advisor to institutional investors family. 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