Family Office News
Stay up to date with the latest global news and developments in family offices. We track key trends, insights, and updates from family offices around the world, providing timely information on investments, leadership changes, and financial strategies shaping the industry.
Sarasota family office sues merchant processor over $5M loan
The owner of the merchant processing company made false statements about his business on several occasions, including while investors attended...
Family offices double down on startup bets
India Business News: Indian family offices are increasingly investing in startups across various sectors like chip technology, robotics, and green...
Bankers say new tax concessions to boost Hong Kong’s status as family office hub
UBS, JPMorgan and BNP Paribas among key players seeking to attract family offices.
Fortitude Family Office LLC Has $2.92 Million Stake in Microsoft Co. (NASDAQ:MSFT)
Fortitude Family Office LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 79.5% in the third quarter,...
Growing influence of family offices in India
What happens when wealth management evolves into a driving force for economic transformation? The Family Office Excellence Awards, presented by...
Major family offices, PE funds set sights on majority stake in Haier India: Report
Warburg Pincus has partnered with Sunil Mittal of Bharti Enterprises, while Bain Capital has teamed up with Puneet Dalmia's family...
CNBC-TV18 on LinkedIn: Celebrating visionary wealth creators and impact: Family Office Excellence…
Honoring the visionaries shaping India's future! The Family Office Excellence Awards 2024 spotlighted trailblazers transforming wealth into innovation, social...
Suit Dropped Against Home Depot Co-Founder’s Family Office
Two former employees have agreed to dismiss their lawsuit against the family office of Home Depot co-founder and Atlanta Falcons...
Former Employees Drop Lawsuit Against Arthur Blank’s Family Office
Two former flight attendants have dismissed their lawsuit against Arthur Blank’s family office, where they claimed forced overtime and mistreatment....
Celebrating visionary wealth creators and impact: Family Office Excellence Awards 2024
As India accelerates toward a $10 trillion economy, family offices are emerging as the architects of a new economic narrative....
Craft Technologies partners with Infinity Capital for AI investment solutions in Singapore
Craft Technologies partners with Infinity Capital for AI investment solutions in Singapore
How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion
The Great Wealth Transfer is underway, and Gen X and millennials are expected to inherit about $85 trillion by 2048,...
The ‘Hands-On’ VC Fund Approach Of Switzerland’s Infinitas Capital
We talk to a Swiss single-family office that is making waves, it says, in biotech and disruptive technologies.
Sponsored Love: Thomas J Kent Jr. Of Kent Global LLC And The Kent Family Office, To Support The Growth Of Black Businesses
In an era when economic parity remains an issue, Thomas J. Kent Jr. is making a huge difference. Thomas J....
Family Office Deals Study
Direct and real estate investments by family offices in Europe.
Alnahdi Family Office Topping the List of the Top Workplaces in Saudi for 2024 in the Category of Small Companies
Reflects the company’s outstanding commitment to building a workplace culture rooted in excellence
In an increasingly complex environment, UHNW families in Asia seek bespoke wealth solutions
J.P. Morgan Private Bank’s global team addresses the growing complexities of multigenerational wealth with experience, resilience and adaptability.
Billionaire Dyson’s Family Office Hires Ex-Amundi Stock Picker
James Dyson’s family office hired a former Amundi SA executive to help oversee its financial assets, the latest in a...
Fidelity-Owned Group of 2,000 Family Offices Gets New Leader
A family office group owned by Fidelity Investments’ parent company appointed Kimberly Sheehy as its new head, tapping a veteran...
FamilyOfficeHK BrandVoice: Hong Kong’s Family Office Evolution: Building Bridges With The Middle East Through Legacy And Innovation
As Hong Kong cements its position as Asia’s premier family office hub with over 2,700 establishments, the city’s unique blend...
Asset owner highlights 2024: Alibaba Joe Tsai’s family office on sports investment; are ETFs useful? | Asset Owners
From sports, China LBO to distressed PE, sky is the limit when it comes to investment for family offices. At...
Asian investors chase private market exposure despite hazards
Both institutional investors and family offices are planning big increases despite challenging conditions.
Virtu Financial seesaws as holder Pulte Family office calls for sale (NASDAQ:VIRT)
Financial services firm Virtu Financial (VIRT) faces pressure to sell itself from activist investor Pulte Family Office.
Activist Investor, Pulte, Calls for Virtu Financial to Be Sold
The Pulte Family Office, a current activist shareholder in Virtu Financial and the founding family of one of the nation's...
Inside the Future-Ready Family Office
As the wealth of family offices explodes, that enormous growth drives collaboration, increased sophistication and changing needs in the space.
Private credit allocations dominate among ME single-family offices
Private investments continue to attract single-family offices, but many are also bullish on the US, following Donald Trump's decisive election...
The Family Office in 2025: Understanding and Managing Complexity
A practical framework for all involved.
Family offices face hidden risks in making direct investments
Family offices, the in-house investment and service firms of high-net-worth families, have increasingly been making direct investments in private companies.
Homrich Berg To Buy $6.4 Billion WMS Partners Multi-Family Office And RIA
HB Wealth Management (HB) - a leading Atlanta-based fee-only wealth advisor with offices across the Southeast - announced it has...
Family Offices Bet Big on India’s Growth-Stage Start-ups
Family offices bring patient capital to Indian start-ups and bridge the gap between entrepreneurial ambition and financial backing.
Inside Gloucester Circus: the family office which managed to catfish London’s VC ecosystem
Although the VCs, family offices and even the lawyer that often accompanied Ian Slater were real, his promises of money...
Setting Sail For 2025 And Steering Through Transformative Tides
Set sail for 2025 with strategies and frameworks to navigate AI, sustainability, and global shifts. Empower family offices to thrive...
How a Singapore based single family office is backing deep tech startups
Canaan Ventures, a Singapore based single family office, is driving innovation by investing in transformative startups. With a contrarian approach...
Office sale underscores owner-user dealmaking in Los Angeles
CenterCal Properties sold El Segundo property to family office for $9.2 million
Wytrwal Industries Presents at the Family Office Super Summit
Wytrwal Industries Founder and CEO provides an overview of Anti-Fragile Investments during Uncertain Times. KEY BISCAYNE, FL, UNITED STATES, December...
Hong Kong’s Financial Services Chief Promotes Family Office Opportunities in Indonesia
SFST promotes Hong Kong's strengths as a family office hub to the Indonesian community. The Secretary for Finance is actively...
Digital Fusion Summit Unites Family Offices and Institutional Investors to Explore Digital Asset Opportunities in Dallas
Dallas, United States, Texas, September 28th, 2024, Chainwire Event Highlights Strategies for Integrating Digital Assets into Traditional Finance Portfolios On...
Premji-Ranjan Pai family offices to board Akasa with big stake buy
Akasa Air is securing a $130-140 million investment from a consortium led by Premji Invest and Claypond Capital. The Jhunjhunwala...
Key Trends in the Family Office Market
The Family Office Market has emerged as a pivotal sector within the financial landscape primarily catering to the unique wealth...
Belgrade Family Office: A Gateway to Serbian Residency and Investment – IMI
Belgrade Family Office: Because sometimes the smartest move in European finance and wealth management is just outside the EU
Homrich Berg to acquire Maryland RIA WMS Partners
US-based wealth advisor Homrich Berg Wealth Management (HB) has agreed to acquire WMS Partners, a Maryland-based multi-family office and registered...
Competing family office hubs flaunt high-profile sign-ups
Hong Kong, the UAE and Singapore are looking to burnish their family office credentials by touting the business moguls they...
Hermes Family in Talks to Invest in French Insurer Albingia
A family office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in...
Singapore’s new family office framework raises compliance standards
Singapore has introduced tougher rules for family offices, tightening compliance to deter misuse while allowing more operational flexibility. The move...
Jadewell Family Office gets type 4 and 9 licences
The Hong Kong-based family office was launched by former Morgan Stanley banker Ann Yu earlier this year.
Family Offices Increase Their Appetite for Risk Thanks to Solid Regulation
According to a new report by Ocorian, a specialized provider of services for high-net-worth individuals, family offices, financial institutions, asset...
Singapore Property Billionaires Seek Middle East Opportunities With Abu Dhabi Family Office
Raj Kumar and Kishin RK—the father and son billionaires partners behind one of Singapore’s biggest commercial landlords—are setting up a...
Singapore’s youngest billionaire Kishin RK, father set up Abu Dhabi family office
Singapore’s father and son billionaire duo, Raj and Kishin Kumar, are establishing a family office in Abu Dhabi to manage...
Power Gummies raises Rs 10 Cr led by Jaipuria Family Office and Quadrant
Power Gummies, a gummies brand, has raised Rs 10 crore in its bridge round led by the Jaipuria Family Office...
Philippines’ Khos Set Up Family Office in Hong Kong
Hong Kong has successfully attracted the Philippines’ Khos, who run a 40-year conglomerate, to set up a family office in...
Investors, Founders & Family Office Night Mixer – The Official Invite-Only Side Event of Bitcoin MENA Conference
Abu Dhabi, UAE – On December 9th, 2024, the historic first Bitcoin MENA Conference kicked off with an exclusive side...
Family Offices in Asia: The Ultimate Guide
In recent years, Asia has emerged as a powerhouse in the global economy, and with this economic growth comes a...
2024 Family Office Trends Round-Up
Are you curious about the forces reshaping Family Offices in 2024? Read this article to discover the top trends shaping...
The Family Office launches goal-based investing platform
Redefining wealth management
Modern Family: The Resurgence of Family Office Enterprises
2024 has seen a number of emerging trends for family offices; there are over 7,000 family offices worldwide managing assets...
Singapore property tycoons plan family office in Abu Dhabi
Raj Kumar and Kishin RK oversee an estimated US$10 billion property portfolio in Singapore. Read more at straitstimes.com.
Top Artificial Intelligence Concerns For Family Offices
The author of this article, an expert in the world of security, talks about AI and the risks involved. He...
Family Office Summit unites global leaders in investment and innovation
Groundbreaking Discussions and First-Time Visitors Highlight Fourth Summit Success in Abu Dhabi
Single family office (SFO) v multi-family office (MFO): Key differences, benefits and drawbacks
The decision between a single-family office and a multi-family office depends on a family’s needs, financial situation and long-term goals.
Redefining wealth management: The Family Office launches goal-based
The Family Office, a leading wealth management firm in the GCC, has launched its new goal-based investing platform Financial Goal,...
HSBC targets secondaries, co-investments with family office programme
The programme involves both GP-leds and LP-leds, Mathieu Forcioli, global and APAC head of alternatives for HSBC Global Private Banking,...
Family Wealth Alliance Pricing Study: Raise Fees Or Risk Losses
The wealth management sector dreads having to raise fees, and many family offices haven't hiked them since 2021, worried about...
Ex-family office trader challenges crypto’s ‘HODL’ culture | Alternatives
A former Peter Thiel family office macro trader wants to bring Wall Street risk management to cryptocurrency investing and is...
Why a single family office is side stepping the AI hype | Asset Owners
Singapore based single family office Wellco Capital is rebalancing its portfolio with a focus on cash flow resilience and undervalued...
The professionals working for the super-rich
From private tutor to lifestyle consultant, the people who work for the rich and powerful are usually highly specialized, flexible...
The family offices doing the most deals in European healthtech
Sifted dug into the data to see which are making the most direct investments into the sector
Demo Day 2024: Gusto Food & Beverage Program Showcases Scalable Innovation
December 6, 2024 The Gusto Food & Beverage Program, an initiative by Gruhas, Jubilant Bhartia Family Office, DLF Family Office...
Changes In The Wealth Advisory Industry Heading Into 2025 And Beyond
Whether you’re looking for a new wealth advisor or thinking about taking a more hands-on approach. Here are two ways...
Raffles Family Office Names MidEast Board Advisor
Hong Kong-headquartered Raffles Family Office welcomes a fifth-generation member of a prominent business family in the Middle East as a...
Why this family office invests in music and mayhem
Natural catastrophe reinsurance and music royalties have been big winners for PG3, the family office of the founders of Partners...
Unlocking Cross-Border Private Markets: Tax-Efficient Structuring For Global Family Offices
Geopolitical uncertainty and jurisdictional risks are driving an increasing number of family offices to diversify geographically. However, that creates new...
Raffles Family Office Expands Middle East Presence with New Board Advisor
Raffles Family Office Expands Middle East Presence with New Board Advisor - Asian Wealth Management and Asian Private Banking.
Navigating Global Family Office Hubs: Family Office Setups, Tax Strategies, and Succession Planning Across Hong Kong, Singapore, and the UAE
Asian wealth management, Asia wealth management, Asia private banking, Asian private banking, Asian wealth management news, Asia wealth management news,...
Ray Dalio’s Latest Project: An Online Training Course for All Investors
Ray Dalio has published best-selling books detailing his views on life, work and geopolitics. Now the founder and former chief...
Singapore family office eyes scalable food and beverage investments | Asset Owners
Two Trees Capital, the Genting Group’s single-family office, is targeting sustainable investments in Asia’s booming food and beverage sector, focusing...
Raffles FO hires board advisor in Middle East push
The Hong Kong multi-family office turns to a member of a wealthy local business family to help grow its business...
IAM and multi-family office launches in Geneva
Ramzi Mouawad’s new firm wants to redefine the multi-family office model.
Europe’s billionaires—who pay their family office CEOs just $370,000 a year—are worried they can’t find the talent to manage their fortunes
Europe’s ultra-wealthy need to find staff from outside the family as younger generations forge their own path.
Europe’s billionaires are struggling to find talent to manage their fortunes
Europe’s ultra-wealthy need to find staff from outside the family as younger generations forge their own path.
New family office emerges as Hains family splits its wealth
One of Australia’s most private investing families is rearranging its finances following the death of patriarch and pioneering hedge fund...
Three key trends in private wealth
GPs forge ahead with private wealth strategies as investor appetite for evergreen private markets vehicles continues to grow.
Family offices queue up to add semi-liquids
The choice, flexibility and exposure provided by these vehicles is increasingly appealing to the family office market
‘Fake’ Family Offices To Be Squeezed Out With New Benchmark
The programme to set definitions of what a family office is has been launched by a members' club group for...
Family office Fund, FIGR Ventures aims to support mission driven consumer product innovation
Making real change involves taking risks, so FIGR is open to leading rounds and funding first-time founders.
Ray Dalio’s Latest Project: A Training Course for Family Office Investors
Ray Dalio has published best-selling books detailing his views on life, work and geopolitics. Now the founder and former chief...
Professional mindset key to playing happy family offices
Many principals underestimate the complexities of running a family office, with challenges extending far beyond wealth management, making sustainability a...
Entrust Family Office offers complete wealth management solution to HNIs
Entrust redefines wealth management for India’s millionaires, offering bespoke family office services and mentoring for long-term success.
Abu Dhabi: How the ‘capital of capital’ became a magnet for UHNWs
From capital to culture, sports to science, Abu Dhabi is establishing itself as one of the most influential and innovative...
Dan Lounsbury Family Office expands AI and Blockchain efforts
The Dan Lounsbury Family Office is pleased to announce its acquisition of a controlling interest in NFTracker net, a groundbreaking...
Fortitude Family Office LLC Has $2.32 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)
Fortitude Family Office LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 100.6% during the 3rd quarter, according to its...
Passion Assets: Luxury To Legacy
The world of collectibles – ranging from fine wine to classic automobiles – is a fascinating one, and also one...
Independent Family Office LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)
Independent Family Office LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the...
4,100 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Independent Family Office LLC
Independent Family Office LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Free Report) during the third...
Milemarker Empowers RIA’s, Family Offices & Broker Dealers with AI-Ready Data Solutions and Industry-Leading Data Model
All-in-one data platform enables firms to own, control, and maximize the potential of their data for unparalleled insights and growth....
Richardson family office partners with Australasia’s largest PE firm
The investor is looking to make its mark in the Indo-Pacific region
Emerging VC Managers: A Family Office Perspective
Family offices once favored big-name VCs, turning to emerging managers only when access was limited. Now, many intentionally allocate to...
Igor Strehl Launches Dunaj Family Office Consulting in Vienna
With the founding of Dunaj Family Office Consulting 24/7 GmbH, Igor Strehl, an experienced expert in the field of financial...
Masttro Launches Next-Gen Platform for Wealth Management
Masttro announces the availability of its new platform, built for easier and more powerful wealth management.
New Cincinnati multifamily office firm Argentarii expands with local merger
New Cincinnati shared family office firm Argentarii has added expertise by merging local consulting firm Coppertree into its operations.
Configuring Right Tools For Your Family Office: Considerations For Tech, Operations and
An overview and summary of a panel discussion at this news service’s recent family office technology summit in New York...
The appeal of Tokyo real estate for one Singapore family office | Alternatives
A single family office’s analysis highlights Japan’s real estate market as an increasingly attractive global investment destination, offering both stability...
Shipping Magnate Pivots Her $6 Billion Fortune Towards Equities
The family office for Maria Angelicoussis, Greece’s richest shipping magnate, is boosting publicly traded investments after notching up huge gains...
Family offices need to evolve to meet the changing needs of wealthy clients
Several key pillars are identified by a report from Morgan Stanley.
Raffles Family Office Adds Ex-UBS Duo in Hong Kong
Hong Kong-based Raffles Family Office has hired two former UBS executives to join its home office.
New status symbols: How India’s family offices are redefining the investment paradigm
High-profile real estate purchases still make the headlines. But for a new generation of family offices, real estate investments no...
Invesco signs partnership with multi-family office
Multi-family office Tabono Capital has announced a partnership with Invesco to help serve ultra-high-net-worth clients.
Tracking Stanley Druckenmiller’s Duquesne Family Office Portfolio
Duquesne Family Office’s 13F portfolio increased from $2.92B to $2.95B, with 29 significant holdings. Check out the new stakes and...
Boston Family Office LLC Makes New Investment in Eastern Bankshares, Inc. (NASDAQ:EBC)
Boston Family Office LLC acquired a new position in shares of Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) in the...
UBS targets rich women as return to Australia strategy shapes up
UBS Group is returning to wealth management in Australia after it exited almost a decade ago, tapping the Credit Suisse...
The family offices investing most in European climate tech
We analysed family offices to see which are making the most direct investments into European climate tech startups.
MG Developer Shines At IMN’s 9th Annual Family Office & Private Wealth Management Forum – Haute Residence
MG Developer, a key player in South Florida’s real estate sector, demonstrated its leadership in innovative financing strategies at the...
BMO Family Office’s top gatekeeper exits firm
John Banker, who was the head of investment research at the firm, is at least the second member of BMO...
US family office looks at bridge financing plays in Asia | Alternatives
The principal of New York-based Peninsula House sees opportunity in short-term financing to the challenged real estate sector in markets...
Zurich and Lugano multi-family offices to merge
The merged entity will have over 70 staff and use the Veco brand.
Are these the six future-proofing strategies family offices need to stay ahead?
A new report from Morgan Stanley highlights six key areas family offices should prioritise to future-proof their operations.
London: Holding Court Or Losing Ground As A Family Office Hub?
It’s a place where history breathes life into modern finance and London’s corridors have long resonated with whispered deals.
NIKE, Inc. (NYSE:NKE) Shares Sold by Boston Family Office LLC
Boston Family Office LLC cut its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 4.5% during the...
Boston Family Office LLC Has $16.27 Million Stake in Chevron Co. (NYSE:CVX)
Boston Family Office LLC reduced its stake in Chevron Co. (NYSE:CVX – Free Report) by 2.8% during the 3rd quarter,...
Dubai Emerges as Hub for Family Offices
Dubai’s financial hub is now home to family offices that control more than $1.2 trillion in assets. Deutsche Bank’s Head...
Biltmore Family Office LLC Acquires 8,288 Shares of Broadcom Inc. (NASDAQ:AVGO)
Biltmore Family Office LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,050.4% in the...
China slowdown-hit companies diversify into family office services
Hong Kong property broker, computer trader tap rising demand for wealth protection
Oil dynasty’s family office turns away from London
Bertrand Coste says business will be easier for Clerville, which manages money for the Schlumbergers, in the EU
Single family office bets on India’s emerging fund managers | Asset Owners
GreenBear Group is backing India’s emerging fund managers, recognising their local expertise and agility in a rapidly transforming market.
Biltmore Family Office LLC Invests $337,000 in Texas Pacific Land Co. (NYSE:TPL)
Biltmore Family Office LLC bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL – Free Report) in...
Council Post: Family Offices Adapt With Innovative Financial, Investment Solutions
The transformation of family offices into powerful investment entities has been driven by the adoption of innovative financial solutions and...
Wealthy Indian diaspora powering growth of family offices
The Indian diaspora have become the main Asian group to embrace the family office concept over the past two years....
Zepto Raises $350 Million in Domestic Funding Round
The funding round at Zepto included investments from Indian HNIs, family offices, and leading financial institutions.
Building Stronger Family Offices by Sharing Knowledge and Securing the Future
Wharton management professor discusses the objectives and key takeaways of the Wharton Global Family Alliance’s 2024 Family Office Survey. Read...
Skypointer: Family Office Focused Fund Closed At $30 Million
Skypointer Capital, a firm operated by a dedicated management team with experience across the investment and operational lifecycle, announced the...
Ex-Brookfield Hedge Fund Boss Joins Billionaire Family’s Firm
The investment office for Brazil’s billionaire Moreira Salles family hired Jason Siegel, the former head of Brookfield Asset Management’s multi-strategy...
Dubai-based family offices manage over $1 trillion in assets: report
Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, a Bloomberg report…
Bill Hwang Sentenced to 18 Years in Prison in $36B Family Office Case
His conviction for fraud and market manipulation was tied to collapse of Archegos Capital Management.
Finance minister II: Johor Forest City to announce family office incentives and criteria in early 2025
KUALA LUMPUR, Nov 21 — Forest City’s plans to become a hub for family offices are progressing steadily, with details...
Future-Ready Family Office: 6 Key Focus Areas
Morgan Stanley Identifies 6 Key Focus Areas for the Future-Ready Family Office
Dubai-based family offices manage over $1tn in assets
Dubai’s financial hub is now home to family offices that control more than $1tn in assets, driven by the influx...
Archegos Founder Bill Hwang Is Sentenced to 18 Years
Mr. Hwang was convicted in July for his role in the collapse of his investment firm that caused roughly $10...
Igor Strehl Launches Dunaj Family Office Consulting in Austria
Igor Strehl, CEO of Dunaj Family Office Consulting Ex-Banker Igor Strehl redefines excellence in Austria’s investment, relocation, and real estate...
Should you consider opening a family office?
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Family offices increase exposure to alts
Family offices increase exposure to alts
Dubai-based family offices now manage over $1 trillion in assets
Dubai has emerged as a major hub for family offices, with entities in the city managing over $1 trillion in...
Johor Forest City’s plans for family offices gain pace, with details in early 2025: Minister
There is a place for Malaysia in the wealth management business as an alternative location, experts say. Read more at...
Why You No Longer Need To Be A Billionaire To Have Your Own Family Office
In 1882, John D. Rockefeller, the world’s richest man, created the first full-service single-family office in the U.S. to manage...
The Family Office Cybersecurity Report 2024 | The Family Office Insights Series
Family Office Cybersecurity Report explores the evolving threat landscape and highlights key strategies for safeguarding sensitive data, assets, and operations.
Colliers: Commercial Real Estate Set for 2025 Rebound as Private Investors Lead Market Recovery
Global real estate markets show signs of recovery with stabilizing asset values and increasing private investment. New Colliers report reveals...
Appetite for Risk Among Family Offices Expected to Increase
Heightened regulation of riskier assets is a key reason family offices feel better about taking on risk, while allocations to...
Investor Says He’s Lost More Than $30 Billion Of His Wealth As He Tries To Avoid Huge Payment
Bill Hwang, the founder of Archegos Capital Management, lost over $30 billion following the 2021 collapse of his family office.
