Wealth firm for Silicon Valley billionaires sets up ops in London

LONDON: Iconiq Capital, the multifamily office that has managed money for tech billionaires including Mark Zuckerberg, has formed a European entity as buoyant valuations propel the region’s startup scene.

Iconiq Capital (UK) was set up at the end of last year, according to Companies House filings. Iconiq founder Divesh Makan, a former Goldman Sachs Group Inc banker, is the controlling shareholder of the London-based firm.