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Ownership and Management

When Christine Galloway joined the Dayton family office of Minneapolis in the early 1990s, the industry was in its infancy. Now, freshly retired, she reflects on her experience working for the family that created one of the US’s largest retail empires, and the strategies she has helped set in place to ensure the family office lasts for generations to come. Jessica Tasman-Jones reports

When Christine Galloway joined the Dayton family office of Minneapolis in the early 1990s, the industry was in its infancy. Now, freshly retired, she reflects on her experience working for the family that created one of the US’s largest retail empires, and the strategies she has helped set in place to ensure the family office lasts for generations to come.

Indian family real estate business Lodha Group will be split into two entities to ease succession planning into the second generation – a strategy that is common in India, according to a family business academic based in the country.

The Murdoch family likely had a considerable amount of discussion and debate about the succession of brothers James and Lachlan Murdoch to the helm of 21st Century Fox, a US family business expert says, and did well to keep those discussions contained.

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A third-gen of South Korean conglomerate LG Group appears to have cracked the glass ceiling at her family’s business, becoming the first female family member appointed to top management.

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