Family offices are undergoing a quiet transformation. What began as informal structures to manage the wealth of UHNW families is increasingly becoming institutional in nature, marked by clear governance, formal investment frameworks, and professional leadership. As portfolios grow in complexity and scope, families are facing new challenges in maintaining strategic alignment with their long-term objectives and values. This evolution has highlighted the importance of dedicated investment oversight, leading many family offices to appoint a full-time Chief Investment Officer (CIO).

According to the Citi Family Office Report 2024, more than 60% of global large family offices now have a dedicated CIO in place, typically supported by formal investment committees and documented policy statements. Among those managing over $500 million in assets, the figure rises to 70%. These statistics are a reflection of the significant benefits a CIO offers: ensuring structure and discipline through robu…