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Capital Generation Partners


UHNW Wealth Managers

Wealth Managers


London, United Kingdom

Advice type

Investment management

Asset class

Alternative assets

Client types






Business owners

Geographical focus


Sector focus

Financial Services

Wealth Management & Private Banking


Michel de Carvalho


Harvard Business School graduate and financier Michel de Carvalho became chairman of CapGen in 2018; a development he described to Spear’s at the time as being ‘an invigorating and welcome new step in my career.’

He sits on the supervisory board for Heineken NV, is an executive director of Heineken Holding NV, and is married to Heineken heiress Charlene de Carvalho-Heineken.

De Carvalho joined CapGen after 20 years at Citigroup, serving as vice chairman of Citi Investment Bank and global chairman of Citi Private Bank. His CV includes many other senior financial roles, including MD at Credit Suisse First Boston.

CapGen’s clients are professional investors, usually families, but they also work with charities and other endowments. ‘Each family has a different view of the world, as well as different outcomes that they need from their investments,’ de Carvalho explains. ‘What links our clients is that they want exceptional service and very detailed portfolio construction. They’re not interested in off-the-shelf products and the sales-driven part of the industry.’

A speaker of six languages, de Carvalho loves to travel and, despite a busy schedule, makes sure to find time to go on holiday. ‘My wife and I travel widely for both business and pleasure,’ he says. ‘Some of the more exotic countries where Heineken operates are fascinating.’

The multi-talented de Carvalho has also represented Britain in the Winter Olympics on three occasions, and is a keen golfer and cyclist.

Rank: Recommended

Recommended 2021, UHNW Wealth Managers




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