The scene plays out in family offices from Greenwich to Geneva, in slightly different variations but with a familiar arc. A junior analyst — often the founder’s grandchild, or close to it — has spent the last six months running investment memos through an AI summarization tool. The results are good. Hours of work compressed into minutes. The CIO is impressed. Then the principal finds out what data has been flowing through the system, and the conversation stops.
“Data privacy is non-negotiable,” family office principals told Citi Institute researchers. “AI solutions that cannot guarantee data security are unlikely to be adopted.”
