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The Priority of Succession Planning for Business Owners

Around the world, we are increasingly hearing of multi-generational businesses going down for the count, and most of the time, it is the lack of a successful succession plan. As covered in a recent MarketCurrents interview (https://www.marketcurrentswealthnet.com/family-offices/interviews/seamless-transition-ownership/) on the subject of family vision alignments and succession planning, Mr. Rohit Sarin, Co-Founder of Client Associates said, “It’s a complex and long drawn process involving multiple rounds of c...

Impact Investing in Asia – There is a Will, but no Way Yet

Simply put, these are investments made towards a positive social cause in society. Within Asia, there is a willingness to take part in this form of investment, as are the avenues available towards it. However, this form of investment is far from popular. We, at MarketCurrents, contacted a few significant family offices in Asia, who all seemed to be aware of impact investing, but had no substantial movement in it. We got feedback such as ‘We are not currently looking at this’. Still hopeful, we reached out to...

Australian Millionaires Grab the Attention of Citigroup

With an aim to radically increase the number of Australian wealthy customers that come under the Citi umbrella, the bank recently revealed plans to hire 100 or more wealth advisors that will target UHNWIs in Australia. According to a recent Bloomberg report, ‘Citi is targeting Australians with more than A$1 million ($797,000) to invest, the New York-based bank said in a statement Tuesday. Citi’s Australian wealth arm posted a 14 percent rise in assets under management last year, according to the statement....

Burman Family Holdings Envisions a Syndicate to Invest in Growth Stage Companies

Alternate investment routes have been doing the rounds among family offices for some time now. Recently, Burman Family Holdings – the investment arm of Dabur Group – is contemplating the creation and management of a global investor’s consortium that will target growth-stage companies, among varied sectors in India. Burman Family Holdings’ investment move, prior to this, was directed at the purchase of stakes of Cerestra Advisors Ltd. - a real estate private equity firm. However, Burman Family...

Ayaltis to Set Shop in Hong Kong

The rising rich in China are churning out a large amount of wealth and most of that is bound for Hong Kong, making it among the top three places with the highest number of family offices in Asia. Recently, Hong Kong has drawn the attention of a Swiss hedge fund - Ayaltis, as the chosen location to set up their family office. Mr. Hao Shao, General Manager at Ayaltis, who is heading the family office set up operations in Hong Kong sheds lights on the market, “the Chinese total HNWIs’ wealth stands at $7 trill...

The Classic Divide between Family Offices in Asia vs. America

Family offices are a fairly new occurrence in the Asian economy, but have been around for decades in the West. Interestingly, the former is not mimicking the latter in its investment style and approach. Here’s a quick look at some of the stark differences in their behavior across continents. The first obvious difference is the sheer number of family offices being much lower in Asia, as compared to their dominant presence in the western economic arena. According to a 2017 Bloomberg report, ‘Over the ...

The Investment Penchants of Family Offices in Asia

What was largely an American and European trend over the last decade, has now spread its wings wide around the Asian economic landscape. The family office trend is growing at an unprecedented rate among the rich in Asia, owing to the nouveau riche phenomenon in Asia. According to an article published by Jeremy Hazelhurst in the Financial Times, ‘Fifth-generation family business members are happy to hand over their inheritances to bankers, but tycoons and the children of tycoons are keener to trace the path of ...

Indian Family Offices Target Investment in Start-ups

If you're wondering who houses those plush new offices in the swanky high rise commercial buildings across the country, one big player would be the family office sector. These entities are not only managing the financial affairs of the wealthy, but also finding ways to make these rich get richer. These uber affluent families have assets that match those of powerhouse companies (such as Infosys, Birla and BFL). The nouveau riche, due to their sheer lack of experience, are also looking for a lending hand toward their ...

The Largest Family Owned Businesses in Asia – Who They Are and Where They’re From

Asia has long been dubbed an emerging economy. According to the IMF, the economic outlook for Asia and the Pacific estimates growth for the region to increase this year to 5.5 percent, from 5.3 percent in 2016. This growth is expected to remain strong at 5.4 percent in 2018. Asia continues to be the leader in global growth. The below table represents some of Asia’s powerhouses. These are publicly listed companies with a net worth of billions of dollars that dominate the corporate landscape. For a private ...

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