Ernesto Bertarelli inherited biotech giant Serono, maker of the multiple sclerosis drug Rebif, following his father's death in 1998. The couple married in 2000, and have three children. Family Capital: registered office - 7175 Shelton Street, Covent Garden, London WC2H 9JQ United Kingdom. Bertarelli was the primary helmsman of his boat Alinghi 5, which lost both races against the challenger USA 17 by a considerable margin. London-based Northill Capital has acquired a majority interest in Wellfield Partners, a systematic global investment manager, and will provide seed capital of $30m for a minimum of three years to support Wellfield's growth in target European and international markets. 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. Castleman is an experienced venture capital investor as well as as advisor to institutional investors like family offices. Ernesto Bertarelli, a Swiss biotech executive, entrepreneur, and philanthropist, pledged $75 million to Harvard Medical School. Register for free articles or subscribe for full access. The phenomenal growth of the private markets in the last 10 years has given rise to a new type of investment group - the family-backed/entrepreneur-backed investment fund, Decarbonisation efforts can often be expensive and involve long-term commitment. A UK-based family office has hired a senior manager as an investment specialist; he also sits on the board of another family office. With his sister Dona, he expanded the company to $2.4 billion . Powered by Standfirst. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The Bertarelli Foundation is a private foundation founded by the Bertarelli family; brother and sister Ernesto and Dona Bertarelli, who are co-Chairs of the Foundation, and their mother, Maria Iris Bertarelli.It was established in 1998 in memory of Fabio Bertarelli and is based in Gstaad, Switzerland. A keen sportswoman and sailor, Dona Bertarelli co-founded Spindrift in 2011 alongside her husband, Yann Guichard, who is a renowned French skipper. Her catamaran, Ladycat, won the Bol d'Or Mirabaud race in 2010 and she founded sailing team Spindrift in 2011. Ernesto Bertarellis family office Waypoint has made an appointment to its management. The Bertarelli family still operates the adjacent farm, which produces hay and corn. Pew seeks to understand and improve the economic health of families across the income spectrum and across generations, assess the impact of policies that seek to improve how much families save, and advance reforms to help consumers get the information and protections . 36%. [5][6] Bertarelli became CEO in 1996 and, along with his sister Dona, inherited ownership in 1998 on the death of his father. Privacy Policy &Imprint. She believes strongly in the power of business to do good for society, and drove the development of the family pharmaceutical business Seronos philanthropy and educational programmes, when she served as Executive Director, Public and Professional Affairs from 1992 to 1997. Dona Bertarelli also became a member of the Mission Blue board in 2021. Required fields are marked *, Contact Ernesto Bertarelli has also enjoyed success in sailing with Team Allingi, which has won the Americas Cup twice. Among them were Rebif, a multiple sclerosis medication, and Saizen, which treated growth hormone deficiency in children. PwC provides a holistic diagnostic that reviews strategic planning, services provided, processes and controls, technology and family and office governance. It might be a bit of an understatement to say Swiss billionaire Ernesto Bertarelli and his Alinghi Americas Cup syndicate are no strangers to winning the highest level. You also have the option to opt-out of these cookies. 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 siblings have interests in real estate, hedge funds and health care. [9], Between 2002 and 2009, Bertarelli served as a board director of UBS AG. Bertarelli also owns sailing team Alinghi that twice won the America's Cup. On the eve of its annual event in Davos, the World Economic Forum has appointed Risto Vyrynen as its new head of its influential family business community. Geneva-based Ares Life Sciences was established in 2008 and owns stakes in European life sciences companies. Waypoint is the single family office and investment firm of Swiss billionaire Ernesto Bertarelli and his family. Shamrock Capital Advisors has invested in Boardwalk Pictures, a media and entertainment group, Scottish family office Souter Investments has invested in Amey, one of the best-known brands in the UK construction sector, as part of a syndicate that bought the business from family business Ferrovial, Telling the difference between fakes and reality has never been more challenging. Serono sold additional shares on the New York Stock Exchange in 2000, for $1.8 billion. Property in London owned through Crosstree Real Estate is valued using purchase prices reported in commercial-property tracker, CoStar, and indexed to the performance of London office properties, according to data compiled by researcher Real Capital Analytics.. 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. Can Credit Suisse Really Put its House in Order? It was the first time a team had ever won the coveted sailing trophy on its first attempt, with the victory bringing the Cup to Europe for the first time. The lawyer will also take a seat on the supervisory board. The Wilson Award for Corporate Citizenship, Special Adviser for the Blue Economy for the United Nations Conference on Trade and Development (UNCTAD), Patrons of Nature of the International Union for Conservation of Nature (IUCN). 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. A yacht enthusiast, his Team Alinghi won the America's Cup in 2003 and 2007. [34][35] Since 2016 he is a member of America's Cup Hall of Fame.[36]. With the additional of Castleman, Forestay's board is made up ofStefan MeisterandRon Cami, who areoperating chief and general counsel, respectively, at Waypoint; andAlex Papadimitriou, CEO and investment head at Kedge Capital, the arm of Waypoint specialized in hedge funds and private equity. A family office allows a family to have all personal information in one secure place and accessible by only a limited number of people. . She is donating all her royalties from the book to The Womanity Foundation, of which she is a patron. [46], In December 2008, Appledore Shipbuilders launched the hull of Project55, Bertarelli's new yacht,[47] which was completed as Vava II by Devonport Engineering Consortium Ltd at Plymouth in February 2012[48], "Bloomberg Billionaires Index: Ernesto Bertarelli", "Les Bertarelli et la pharmaceutique, une histoire de plus d'un demi-sicle", "Startups, Entrepreneurs and Innovation Upstart Business Journal", "GBL Near to $1.7 Billion Affidea Deal With Swiss Tycoon", "Health & Neuroscience Fondation Bertarelli", "GBL to Acquire Health Care Firm Affidea From Swiss Billionaire", "Alpine attraction: Switzerland is a magnet for family offices", "Crosstree Real Estate Partners | Fresh, versatile capital and perspective", "Kedge Capital Fund Management Limited: Private Company Information Bloomberg", "Gurnet Point L.P. Completes Acquisition of Innocoll Holdings plc", "Project to Combine Stallergenes and Greer Laboratories: The New Board of Ares Allergy Appoints Fereydoun Firouz Chairman and CEO | FierceBiotech", "Bertarelli's Waypoint to mop up remaining Euromedic stake source", "Merck KGaA to Close Merck Serono Site in Geneva, Cut Jobs", "Ernesto Bertarelli bought the building in Geneva Merck (translation)", "The Wyss-Bertarelli project was selected by Merck (translation)", "Campus Biotech will be the core of the Swiss neuroscience valley", "Bertarelli: "La Coppa America come giocare alla roulette", "Coppa America, la storia Il miracolo di Alinghi", "America's Cup 2007 America's Cup Match Race Results and News Stories-from CupInfo", "Catgorie:Chevalier de la Lgion d'honneur", "Comunicato: Presidenza della Repubblica", "Scuttlebutt News: Cory E. Friedman America's Cup", "First blood to USA - News - 33rd America's Cup", "USA win 33rd America's Cup Match - News - 33rd America's Cup", "Alinghi returns to defend Extreme Sailing Series title in 2017", "Alinghi wins 2016 Extreme Sailing Series Title >> Scuttlebutt Sailing News", "Sailing News - America's Cup News - Ernesto Bertarelli SUI inductee to the America's Cup Hall of Fame", "Christopher:: Launching of EPFL Center for Neuroprostheses", "Songstress releases festive single with YMCA North Staffordshire choir", "Board of Fellows | Harvard Medical School", "Harvard Medical School Receives $75 Million Gift", "America's Cup winning yachtsman and global entrepreneur receives honorary doctorate", "It's not about the money super-rich Kirsty Bertarelli turns to", "Songwriter Kirsty Bertarelli becomes Britain's richest divorcee with 350m settlement", "Largest British-built private yacht sets sail for Caribbean", "Le onorificenze della Repubblica Italiana", https://en.wikipedia.org/w/index.php?title=Ernesto_Bertarelli&oldid=1142305583, Chairman, B-Flexion; Co-Chair, Bertarelli Foundation, This page was last edited on 1 March 2023, at 17:44. Each net worth figure is updated every business day after the close of trading in New York. 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. Get the latest stories as they happen: Free e-mail alerts from finews.com. With the divorce settlement, Kirsty Bertarelli, 53, has become one of the wealthiest women in the UK. Waypoint Capital, which manages the wealthy Swiss family's investments, is appointingRandy Castlemanto the board of its subsidiary, Forestay Capital, the vehicle said in an emailed statement on Tuesday. 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. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Father Fabio worked for Serono, a pharmaceutical company controlled by the Vatican that developed the hormonal fertility drug Pergonal. Sharpening cuts deep into our family heritage & this shows in our work & service to customers. Bertarelli inherited Geneva-based drug manufacturer Serono with his sister, Dona. Waypoint Capital, which manages the wealthy Swiss family's investments, is appointing Randy Castleman to the board of its subsidiary, Forestay Capital, the vehicle said in an emailed statement on Tuesday.. Forestay is Waypoint's technology invest Can Credit Suisse Really Put its House in Order? Waypoint Capital, the firm which advises the Bertarelli family, appointed Ron Cami as group general counsel, according to a statement. Ernesto and Kirsty Bertarelli owned a Bombardier Global Express XRS private jet.The jet has registration HB-JII. That strategy -- getting together a team of experienced pros to help him do things himself -- was already a successful one for Mr. Bertarelli, who set up a private office to handle his family's $5 . They found that 36 per cent of the offices expected the next generation of the family to assume . Jon Little, who developed a $90 billion global investment firm backed by billionaire Ernesto Bertarelli, has launched Alderwood Capital which plans to buy minority stakes in boutique asset managers. The people have spoken, and, according to a poll run by a leading newspaper in Spain, they most prefer Liverpools Jurgen Klopp to succeed Ernesto Valverde as FC Barcelona coach in the near future. Team Crosstree was founded by Sean Arnold and Nick Lyle in partnership with Ernesto Bertarelli's investment group, B-FLEXION (formerly Waypoint Capital), through . 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 . He is managing director of New York-basedDirect Investment Resources, which helps wealthy investors make tech investments. [31] The race finally took place in February 2010, in Valencia, Spain. The group is holding stakes in known and established companies as well as in early-stage startups. Ernesto now manages the family's assets as chairman of Geneva-based Waypoint Capital, under which sit several holding companies, including Jersey-based investment management firm Kedge Capital and the family's London asset management business Northill. The Bertarelli family sold its pharmaceutical business Serono to Merck for $13 billion in 2007. One of Northills portfolio companies is Virginia-based Strategic Investment Group which is an Outsourced Chief Investment Officer industry pioneer. That same year, Fabio Bertarelli, ill with cancer, handed over control of the company to his 31-year-old son, Ernesto. For its acquisition spree, Alderwood is likely to need firepower of between $1 billion and $2 billion. He currently lives in Switzerland with his wife, the songwriter and former Miss UK Kirsty . The family are, at heart, entrepreneurs and very muchencouraged by the approach of Fabio Bertarelli, Ernestoand Donas father believe in a culture of the possible. converted to U.S. dollars at current exchange rates Read When Ernesto Bertarelli '89 was in high school, he wasn't performing well academically. As an investor, with assets in hospitality and real estate, she focuses on long-term value creation. 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. Similarly, the UBS 2020 Global Family Office Report s hows that 60% of surveyed family offices perceive sustainable investing as key to maintain . In the winter of 2015-16, she was helmsman-trimmer aboard Spindrift 2, the worlds largest maxi-trimaran, as the team attempted sailings ultimate challenge, the Jules Verne Trophy. In the Sunday Times Rich List 2017 ranking of the wealthiest people in the UK, her former husband's family were . Dona Bertarelli has won prestigious races and broken records both . Bertarelli currently co-chairs with his sister Dona the Bertarelli Foundation which focuses on marine conservation and neuroscience research. 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