Giovanni Cristofaro

+39 06 46622 708

Giovanni Cristofaro

Partner, Head of the Wealth Management Business Unit  |  Chiomenti
JURISDICTION

Italy

TOP 3 AREAS OF EXPERTISE

Succession law, planning and structuring
Complex cross border wills
Use of all civil law tools for estate planning (insurance, fiduciary agreements, collection of artwork planning)

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

I recently assisted banking trustees for the start-up and liquidation of trustee activities in Italy, as well as the study and structuring of new products. I have also assisted private clients in investing part of their liquidity for luxury hotel investment in Italy and helped the creation of two charitable foundations (one for COVID-19 support and the other for financial support of research, design and implementation of maintenance and restoration of vintage cars, in Italy and US).

What advice would you give rising stars/new lawyers in the private client world?

Be curious. Do not celebrate your successes too much... Keep in mind that the private client world requires time, patience, sensitivity, good sense, reasonableness, reliability and transparency.

What is your favourite quote?

“Simplicity is the greatest sophistication." Leonardo da Vinci.

Where have you seen growth in your practice over the last year?

I have seen private clients supporting and investing in family special companies much more, operating in new sectors (such as healthcare) as well as in traditional activities (such as food), all distinguished by a strong and modern connection with the country, tradition and uniqueness.

What is the main area of growth you predict for the next 12 months?

I expect growth in the third sector, especially. Private clients are already using amazing ideas and applied personal assets in supporting talented young people, arts, culture, and sustainable development.

What advice would you give to your younger self?

I would tell him not to try to imagine how the future will be as much. 2020 has shown us that many things can change suddenly from one day to the next. Instead we should always be ready for the future, and therefore keep our mind trained, look at what happens with curiosity, and always innovate and improve so that we have the right personal and professional tools to face the changes.