UK Corporate Raider’s Heirs Revamp Family Office Under New CIO

The heirs of billionaire investor James Goldsmith are shuttering pieces of the firm that manages their wealth and hiring new staff as part of a shakeup for one of Europe’s biggest finance fortunes.

Cavamont Holdings, the Goldsmith dynasty’s family office, closed a Hong Kong investment unit this year and is winding down a similar Swiss entity, according to registry filings, altering arrangements that oversaw assets for the Anglo-French investor’s descendants for more than a decade.

Tom Joy, 53, a former Schroders Plc executive, has joined Cayman Islands-based Cavamont as chief investment officer, according to people with knowledge of the ...