Generational Capital

Visionary Innovation

Private family office investing in real assets, sustainable smart city developments, and innovative enabling technologies.

Andover Family Office (AFO) is a legacy private investment platform with deep roots in real estate, infrastructure, manufacturing, Al, and advanced technologies. Established in 1884, AFO has evolved from traditional industrial and real estate investments to a globally connected enterprise focused on sustainable infrastructure, next generation technology, and long-term value creation. The firm maintains a quiet presence across key markets — including Boston, Seoul, Tokyo,Singapore, and Abu Dhabi — working with trusted partners and family-owned enterprises around the world.

AFO's investment philosophy is grounded in social impact, strong governance, patient capital, and strategic alignment with like-minded family offices and strategic operating partners with shared values and a long-term perspective. AFO invests selectively in sectors that underpin modern economies - Al, logistics, financial services, hotel and entertainment, energy, and critical leading technologies — while promoting responsible stewardship and innovation. As a privately held family office, Andover prioritizes discretion, continuity, and trusted partnerships.

Through its international network of syndicated family offices, operating partners, and strategic advisors, Andover supports cross-border collaboration and co-investment opportunities. The AFO leadership team and affiliated family office partners bring decades of combined experience from global investment banking, asset management, and public sector governance and philanthropy, reflecting the firm's enduring belief that sustainable prosperity is built through foresight, intergrity, and patient execution.

Leadership Team

"Our leadership unites governance discipline, innovation, and generational stewardship across markets and industries."

KU SHIN

FOUNDER, Managing partner

Dr. Ku Shin has over 30 years of experience in international finance, policy, and real estate development. As Chairman and CEO of Redwood Group and Co-CEO of Andover Family Office, he has led landmark projects in Asia and the U.S., including large-scale logistics and smart city developments. His earlier career included senior roles at JP Morgan Chase, Bank One, and Mesirow Financial Group. He has served as Head of the Asia Division for the Wharton Economic Forecasting Associates and economist at RAND Corporation. Dr. Shin holds a Ph.D. in Policy Analysis from the RAND Graduate School, an M.S. in Policy Analysis from the University of Rochester, and a B.A. from the University of Colorado, Boulder.

DANIEL CHUN

FOUNDER, Managing partner

Daniel Chun is Co-CEO of Andover Family Office and Chairman of Andover Group, where he has spearheaded innovation across real estate, Al, metaverse technologies, and logistics. He has played key leadership roles in projects such as the LCT Tower in Busan and serves as Global Advisor to multiple high-tech firms, including Furiosa Al and Warp Solution. Daniel's career bridges technology and real assets, integrating RF, loT, and metaverse applications into smart infrastructure. He continues to lead Andover's vision for sustainable, tech-enabled urban development.

PAUL GYRA

Managing partner

Paul Gyra is a seasoned executive and board leader with over 38 years of global experience spanning investment management, financial services, and strategic operations. He has served in CEO, COO, and Managing Partner roles across premier international institutions, driving business transformation and governance excellence. Paul currently leads investment strategy and development efforts for both the Andover Family Office and the Thompson Family Office, which include major smart city, real estate, and digital asset investments in Asia and the U.S. He has held leadership roles at ING Alternative Asset Management, Baring Asset Management, and Safanad Limited. Paul began his career with Harvard Management Company and Ernst & Young in London, focusing on financial services strategy. He is also an active board member and speaker at global family office and investment forums.

Affiliated Family Offices

Thompson Family Office

Virginia, USA Multi-sector family office with a 40-year track record investing across telecommunications, media, manufacturing, and real estate. Developer of the Washington DC South Sustainable Smart City project.

Reynolds Family Office

Richmond, Virginia Generational investors in real estate, energy, and manufacturing ventures with a legacy of industrial innovation and community leadership.

Maclellan Family Office / Foundation

Chattanooga, Tennessee Philanthropy-driven investment group emphasizing faith-based initiatives, community development, and global humanitarian impact.

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