Chrystal Capital

Chrystal hosts family office lunch with Sir Stelios Haji-Ioannou

January 2015

Chrystal Capital Partners LLP (Chrystal), the FCA regulated corporate finance firm specialising in alternative sources of funding, hosted a lunch for members of its family office network on Friday 13 November 2014 in The Private Dining Room at 34 London with special guest Sir Stelios Haji-Ioannou, founder of the easyGroup.

Sir Stelios delivered an insightful presentation followed by a roundtable discussion about “How should family offices organise their philanthropic efforts?” The rationale for the subject matter is that Chrystal Capital has been approached by a number of both single family offices and UHNWIs, based both in the UK and internationally, who want to look at their options for philanthropic activities.

There were a number of conundrums that need to be addressed: Families want to support causes with whom they have empathy but don’t necessarily have the bandwidth to review the options; they want accountability and quality information on their giving but don’t know how best to benchmark performance; and they want good governance but also effective and efficient use of funds. The decisions that families make will lead them to either creating their own foundations with the associated infrastructure costs or attaching their efforts to existing platforms.

James Innes commented: “Having Sir Stelios host one of our family office lunches was a pleasure and provided useful insight into the world of philanthropy. Whilst there are many different philanthropic foundations in the UK and abroad which support a wide variety of charitable causes, there is always more that can and should be done to increase social welfare and equality. This lunch was conceived as one of many possible avenues for the promotion of philanthropy.”

Sir Stelios Haji-Ioannou commented: “I was delighted to see such a large turnout for the lunch. It was an interesting experience to learn about the wide range of causes supported through multiple different structures by the various philanthropic foundations. Being able to discuss and evaluate different ideas amongst likeminded individuals who have chosen to act on their altruistic preferences was refreshing and informative to say the least.”

Chrystal’s regular informal luncheons, attended by family office members, high net worth individuals, entrepreneurs and institutional investors, hold discussions on views on the market, provide unique insights into specialist areas of investment as well as offer an opportunity to make new acquaintances within the global family office community. Prior lunches have been hosted by esteemed individuals such as Martin Gilbert, Jay Liang, Sheikh Mubarak Al-Sabah, Mike Lynch, Tony Hayward, Sir Stuart Rose, Luke Johnson, Crispin Odey, Peter Hambro and Jon Moulton covering a wide range of topics from software technology and UK private equity to the oil & gas, retail and agricultural forestry industries.

About Sir Stelios Haji-Ioannou

Sir Stelios Haji-Ioannou is best known for creating the easyJet budget airline in 1995, when he was just 28. In 2000 he floated the company that has revolutionized European air travel on the London Stock Exchange – since then he and his family have remained its largest shareholders with a near 37% stake. In the last eight years the Stelios Philanthropic Foundation, now a registered charity in both Monaco and the UK, has shown his dedication to giving back to society by launching a number of charitable initiatives supporting entrepreneurship, education and the environment in the UK, Greece and Cyprus. In 2006, at the age of 39, Stelios received a knighthood from HM Queen Elizabeth II for services to entrepreneurship.