Santiago Royo, CEO at Invext Corporation, has participated in the breakfast 'What do the family offices to family businesses?', organised by the Family Business Chair of the University of València (CEF-UV), which is supported by AVE, EDEM, IVEFA and IEF.
In that regard, Invext is the family office from Grupo Royo, a manufacturer of bathroom furniture and shower trays that, through this vehicle, invests in areas such as real estate, private banking or start-ups. For Santiago Royo, "the family business is where everyone makes an effort but you realise that with good management we could achieve returns on par with the business if we manage our assets well.".
The CEO of Invext Corporation also stressed the importance of order. "We didn't have a list of assets, and the first thing we did was create an Excel spreadsheet to collect them all. One of them even came up until last year," he pointed out. "It is important to worry about and take care of your assets if you have decided to have wealth outside of the business." Furthermore, Royo made a recommendation during this forum, suggesting talking to other investor families about the matter, and with whom co-investment could even be made later on.
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