How to Keep the Next Gen Engaged in the Family Business
Aug 27 - 31. 2018
In his book “Family Wealth: Keeping It in the Family,” prolific author and family advisor James Hughes Jr. maintains that family businesses are too preoccupied with taxation and governance when their primary focus should be developing human capital. In other words, he believes families must prepare and mentor the next generation to create leaders that can help the business survive.
The Future of Asian Family Offices
Aug 27 - 31. 2018
Asia has been an engine of wealth creation over the last few decades and the number of family offices in the region looks set to grow as that wealth matures. Between 2010 and 2020, the wealth held by high-net-worth individuals (HNWIs) in Asia will grow by 160% to reach a collective $14.5 trillion, according to Julius Baer. Last year, Asia added a new billionaire every second day, 117 in total, and 75% were either Indian or Chinese.
Succession Case Study: Dalian Wanda Group
Wang Jianlin Founder - Dalian Wanda Group The struggles of China’s richest entrepreneur offer a case study in succession planning for wealthy families and family-run businesses across the world. Billionaire Wang Jianlin, the founder of China...READ MORE
BNP Paribas’ Bank of the West opens private wealth management services in Manhattan aimed at HNWI’s and family offices
Bank of the West Wealth Management Group is seeking to leverage the strengths of BNP Paribas’ wealth management services and offer products and services aimed at high net-worth business families in the USA. They have opened their first Manhattan office and, though concentrated in the New York area, ...READ MORE
What Babson Now Offers Up for The Next Gen Family Office or Family Business
April 23 – 27. 2018
Babson College in Wellesley, Massachusetts, is one of the top ranking colleges for entrepreneurship education and the college has announced the launch of the Institute for Family Entrepreneurship. It is meant to be a hub for research, resources, and innovative programming dedicated to entrepreneurial students, business families and their family offices.
The Shipping Tycoon Y.K. Pao and his Legacy
With a net worth of $13.4 billion, the Pao family started off in the shipping business with shipping tycoon Y.K Pao. He first established the Word Wide Shipping Company in the 50s with the purchase of a second-hand ship. Over 20 years, the company owned over 200 vessels. Y.K. Pao was knighted by Queen Elizabeth II, and was selected by readers of shipping magazine, Fairplay as “the most influential person in shipping in 120 years”. After his death in 1991, his four daughters and their husbands took over the r...READ MORE
Ayala Corporation Being Managed by the Seventh Generation of Zobel Family
The Zobel family, owners of conglomerate Ayala Corp., stands 43rd on Forbes’ list of richest families in Asia, with a net worth of $6.13 billion this year. Filipino businessman Jaime Zobel de Ayala was the managing partner of Ayala Company, before it turned into a corporation. He then served as the managing partner and chairman until 2005. Jaime Zobel is a prominent business figure in the Philippines with a significant reputation towards philanthropy. What started off as a small Manilla distillery ...READ MORE
Henry Sy Steps Down as Chairman of SM Investments Corporation
With a real time net worth of $20.1 billion dollars, Henry Sy has stood out as the richest man in the Philippines for almost a decade. Presently residing in Manila, Philippines, this billionaire came from a humble beginning and started a small shoe business almost 60 years ago. His success has been unstoppable from then on with large scale expansions into department stores and SM Mall, which generated large revenues that evolved into his business today – SM Investments Corp. Today Henry Sy has an established r...READ MORE
Multi-Family Offices Grow Popular in China
The Chinese economic landscape has been growing by leaps and bounds at a swift pace. With this growth of wealth comes the demand for preservation and progression. The country with the highest population is also home to a large number of millionaires, centred in Hong Kong, which consequently houses a high volume of family offices. As of last year, according to Asia Asset Management and the Credit Suisse Report, ‘China has by far the fastest-growing group of ultra-high-net-worth individuals – defined as those ...READ MORE