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He moved the business -- and his family -- to Geneva in 1977. Their history is that of a family of entrepreneurs and Waypoint and its diversified range of business interests reflects that spirit. Ernesto Bertarellis family office Waypoint has made an appointment to its management. 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 . He currently lives in Switzerland with his wife, the songwriter and former Miss UK Kirsty . She is co-president of the Bertarelli Foundation and also owns the Grand Hotel Park in Gstaad, Switzerland. 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. Kirsty Bertarelli was represented by lawyer Fiona Shackleton, who previously represented Prince Charles and Paul McCartney in their divorces, the Daily Mail reported. They enjoy creating businesses, but equally believe in the importance of taking time in life to pursue and enjoy one's passions. These cookies will be stored in your browser only with your consent. In Switzerland, Bertarelli is best known for his sporting ventures, financing Swiss sailing team Alinghis bid for the Americas Cup and winning the most prestigious trophy of the sport for the land-locked country. Client retention has never been more important. Before Brands, a business that wants to prevent food allergies before they even start, launched this morning with $13.1 million in funding from backers including Gurnet Point, run by biotech billionaire Ernesto Bertarelli. It is mandatory to procure user consent prior to running these cookies on your website. We make this possible by delivering clinical . 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. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Ernesto Bertarelli has also enjoyed success in sailing with Team Allingi, which has won the Americas Cup twice. In the Sunday Times Rich List 2017 ranking of the wealthiest people in the UK, her former husband's family were . Ernesto Bertarelli was appointed as Seronos CEO in 1996. Father Fabio worked for Serono, a pharmaceutical company controlled by the Vatican that developed the hormonal fertility drug Pergonal. Chaired by Ernesto Bertarelli, Waypoint was founded in 2012 to give strategic leadership to the group and provide a broad range of . Our Core Belief. He expanded the company and grew its revenues with his sister Dona Bertarelli, after which it was then sold to Germany's Merck in 2007 for more than $13 billion. 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 rec ent Campden Wealth Study of Family Offices shows a significant increase in portfolio allocations into sustainab le investing - from 20% to 36% between 2019 and 2020, predicted to rise up to 47% by 2022, and further to 54% by 2027. January 08, 2020 08:00 AM Eastern Standard Time. 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. Lionel Messi chose recently-fired compatriot Mauricio Pochettino as one of his top three coaches for The Best awards. Ahead of Saturdays vital La Liga clash at Anoeta, FC Barcelona coach Ernesto Valverde has spoken on a wide range of topics including his sides opposition, Real Sociedad, El Clasico, Arthur and the rise of Ansu Fati. Northill's long-term strategy is to build a portfolio of high quality, specialist asset management businesses. [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. Kedge Capital has been active since 2002 and specialises in risk-controlled investing in financial markets, including Hedge Funds and Private Equity. Your email address will not be published. His key lieutenants include partner Chris Berryman, founder of Just Retirement, who has been involved in acquisitions. The wealth originally stems from biotech drugmaker Serono, which Ernest inherited from his father after his death in 1998. The Foundation delivers real change in the fields of marine conservation and science, life science research and in local communities around the world. NZZ, 16.03.2020 Ernesto Silvio Maurizio Bertarelli (born 22 September 1965) is an Italian-born Swiss billionaire businessman and philanthropist.. The family sold its stake in the company for 10.7 billion Swiss francs ($8.6 billion) in 2006. This gift is the latest in more than a decade of support to HMS, HBS, and the University from the Bertarelli family. Camis appointment represents fantastic news for our group as we move forward with the next phase of its development, said Bertarelli in the statement. Can Credit Suisse Really Put its House in Order? Sister of Ernesto Bertarelli, who features higher up the list, Dona Bertarelli was the executive director of public and professional affairs at her family's biotech company Serono in the 1990s. Bertarelli was Team Alinghi's only Swiss national serving as navigator in 2003 and subsequently as an afterguard runner and grinder in 2007, when Team Alinghi defended the America's Cup in Valencia. [1] Swiss magazine Bilanz estimated the family fortune at CHF13.5 billion. PwC provides a holistic diagnostic that reviews strategic planning, services provided, processes and controls, technology and family and office governance. [25], His relationship with this sport is due to his youth spent in Monte Argentario. The Bertarelli family, whichsold Serono to German Merck in 2006, is estimated to be worth north of $14 billion. The biotech billionaire, ex-UBS board member and sailor divorces wife Kirsty Bertarelli, a former UK beauty queen. . How Likely Is Mauricio Pochettino To Succeed Ernesto Valverde At FC Barcelona? Although the team narrowly missed beating the record, Dona became the fastest woman to sail around the world. [28], In recognition of his success, in 2003 Bertarelli was named Chevalier de la Lgion d'honneur[29] by French President Jacques Chirac, and was given the Cavaliere di Gran Croce by Carlo Azeglio Ciampi, President of the Italian Republic. The newspaper says she has agreed to a roughly $450-5oo million dollar divorce payment, with the settlement including a villa on Lake Geneva and a chalet in Gstaad as well. The Bertarellis sold the family's 64.5 percent stake in the company to Merck KGaA for $8.6 billion, in September 2006. A UK-based family office has hired a senior manager as an investment specialist; he also sits on the board of another family office. The company gained fame from its discovery of a natural hormone used in the treatment of female infertility, and its treatments for multiple sclerosis and growth hormone deficiency. Besides Northill, the Bertarelli family office also invests in real estate and venture capital through different subsidiaries. When Ernesto Bertarelli '89 was in high school, he wasn't performing well academically. This category only includes cookies that ensures basic functionalities and security features of the website. 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. 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. Little has confirmed the hire of three former Northill executives including Rebecca Noyes, who becomes Alderwoods chief financial controller. 36%. Forestay Capital, the digital tech arm of the Bertarelli family office, appointed a new director specialized in emerging tech investments. Swiss biotech billionaire Ernesto Bertarelli's family office has appointed a new finance chief from the London Stock Exchange. 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. The Waypoint group is pleased to announce that, as of January 2022, it has changed its name and rebranded to become B-FLEXION . Bertarelli currently co-chairs with his sister Dona the Bertarelli Foundation which focuses on marine conservation and neuroscience research. Dona Bertarelli also became a member of the Mission Blue board in 2021. Wellfield Partners was established in April 2009 by Gary Vocat, Kevin . Ernesto Bertarelli, a Swiss entrepreneur active in the field of business, finance, sports, and philanthropy who graduated from Babson College in 1989, studied business throughout his lifetime, realizing much later in his career how important the actual foundation of family values and beliefs was to his family's success. Managing Partner of their London office. After all, her . For the first ten years the Foundation worked primarily to establish and develop healthcare projects which built upon . The tragic news of the death of Paul Allen, the co-founder of Microsoft, at 65 will inevitably lead to an analysis of his considerable legacy. 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. Bertarelli has given Jilla a big role at Waypoint Capital, his family enterprise, whose other interests include real estate and the Gurnet Point life science fund. Kirsty, Ernesto's wife, is a former Miss UK and a singer-songwriter; she co-wrote a chart-topping song for a British girl group. [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. Cami is an expert relating to mergers and acquisitions, private equity transactions, joint ventures, shareholder activism and corporate governance. The majority of the Bertarelli family fortune is derived from a 65% stake in drugmaker Serono that was sold to Merck for 10.7 billion Swiss francs ($8.6 billion) in 2006, according to a company statement. James Bertarelli said that although the land for the farm and bottling operation would be valuable for other . Please take a moment to read the Legal Notice. A family office supports the family vision and legacy, ownership transitions, leadership transitions and successful wealth transitions. Biotech Billionaire Backs Company Geared At Ending Food Allergies, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Ernesto Bertarelli's family established the Bertarelli Foundation to provide crucial support for innovative science. Another exemplary portfolio company is Riverbridge Partners, which manages US equity growth portfolios for institutional and high net worth investors. Forestay, now three years old, invests in the digital tech sector and is focused oncompanies, in Europe, Israel and the U.S., that challengeestablished models, mainly through software and data. With his sister Dona, he expanded the company to $2.4 billion . Bertarelli also owns sailing team Alinghi that twice won the America's Cup. 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 money will also be used to improve buildings and advance therapeutic science and entrepreneurship. His father, a successful businessman, visited him in his room to talk. Ernesto Valverde Officially Fired From FC Barcelona Head Coach Role, Klopp Preferred: Liverpool Coach Is Favorite To Succeed Ernesto Valverde At FC Barcelona, Ernesto Valverde Speaks On El Clasico, Democratic Tsunami, Arthur And VAR Controversies, Ernesto Valverde Speaks On Real Sociedad, El Clasico, Arthur And Ansu Fati. Check Deal Data, Senior Staff, and New Analysis on more than 1000 family/principal investment and holding groups. The programme was created to share her passion for the ocean, and, to coincide with the first attempt by her sailing team, Spindrift, to beat the Jules Verne Trophy record, the first Adventure Book was shared. [42], Bertarelli was awarded an Honorary Doctorate of Marine Sciences from Plymouth University in 2013. Supporting girls empowerment and education is important for Dona Bertarelli, and she is a founding patron of Womanity Foundation, which works to accelerate gender equality through innovative investments. The Bertarelli family sold its pharmaceutical business Serono to Merck for $13 billion in 2007. [40], Bertarelli is a member of the Harvard Medical School Board of Fellows. 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 mastermind behind the strategic investments was industry insider Ernesto Bertarelli and his powerful Waypoint family office. The new firm, the name of which has not been disclosed, will be part of Kedge Capital, the Bertarelli's family office. You need at least a Premium Subscription to read this article. . Dona Bertarelli is co-chair of the Bertarelli Foundation, alongside her brother, Ernesto. [43], Bertarelli met Kirsty Roper, a former 1988 Miss UK and songwriter, while on holiday in Italy in 1997. 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