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November 30, 2017

CMA completes father-son transition, Koch brothers in controversial takeover, and Bharti family donate 10% of wealth

CMA completes father-son transition

Rodolphe Saadé has taken over as chairman of container shipping firm CMA CGM, the business which his father founded and which made his family billionaires.

Lebanese-French businessman Jacques Saadé founded CMA container shipping in Marseille in 1978, later acquiring logistics company CGM. The Saadé family, worth an estimated $1.86 billion according to Forbes, own 75% of CMA CGM.

May 24, 2017

Family office investors should remain steadfast and open minded during this period of political uncertainty, a top wealth adviser says.

Family office investors should remain steadfast and open minded during this period of political uncertainty, a top wealth adviser says.

“People [are] suggesting that markets are horribly expensive and that the global economy is going to slow down precipitously,” Kevin Gardiner, Rothschild Wealth Management’s global investment strategist, said.

“I’d keep an open mind because I’m not sure either of those things are true.”

April 2, 2015

Around Thanksgiving I caught up with Corey Boles, US analyst for political consultancy Eurasia, and we talked turkey about what family businesses might expect from inside the Beltway this year.

Around Thanksgiving I caught up with Corey Boles, US analyst for political consultancy Eurasia, and we talked turkey about what family businesses might expect from inside the Beltway this year.

With November’s midterms delivering Republicans the Senate and the largest GOP House majority since the Hoover administration, Boles told me business-owning families should be watching Washington closely.

October 30, 2014

Wisconsin family business Trek Bicycle Corporation has been pulled into the political crossfire of the US midterm elections, after a family member running for governor has come under attack about her tenure at the manufacturer.

Wisconsin family business Trek Bicycle Corporation has been pulled into the political crossfire of the US midterm elections, after a family member running for governor has come under attack about her tenure at the manufacturer.

Mary Burke, 55, is running on the Democratic ticket for the north-central state, with her success as a second-gen executive at Trek being central to her campaign.

March 19, 2014

Second-generation Pierre Karl Peladeau has resigned as vice chairman and board member of Canadian family business Quebecor to stand in upcoming provincial elections for a local separatist party seeking independence from the North American country.

Second-generation Pierre Karl Peladeau has resigned as vice chairman and board member of Canadian family business Quebecor to stand in upcoming provincial elections for a local separatist party seeking independence from the North American country.

The family business head, who stepped down as chief executive of Quebecor in March last year, has also resigned from positions at two of its subsidiaries Quebecor Media and TVA Group.

June 23, 2011

Catherine Deneuve is one of the last people in the world you’d expect to be providing thought leadership for family businesses. The star of Bunel’s Belle de Jour and Polanski’s Repulsion is widely lauded as one of the world’s great beauties.

Catherine Deneuve is one of the last people in the world you’d expect to be providing thought leadership for family businesses. The star of Bunel’s Belle de Jour and Polanski’s Repulsion is widely lauded as one of the world’s great beauties. Indeed such is the sense that she embodies all that is good about France her face was used to represent Marianne the symbol of the French nation.

April 1, 2011

UK family businesses are likely to have more of a political voice with the setting up of the first All Party Parliamentary Group for Family Business.

UK family businesses are likely to have more of a political voice with the setting up of the first All Party Parliamentary Group for Family Business.

Launched on 28 March at the House of Commons, the group is sponsored by the UK-based Institute for Family Business. IFB said in a statement that the APPG will undertake activities like site visits and policy discussions to help MPs understand the operations and challenges of running a family business.
 

March 2, 2011

Swiss bank UBS has made a number of appointments to its private banking business in what looks to be an effort on its part to improve relations with the US. The private banking business has also for the first time appointed a chief investment officer.

Swiss bank UBS has made a number of appointments to its private banking business in what looks to be an effort on its part to improve relations with the US. The private banking business has also for the first time appointed a chief investment officer.

May 23, 2008

Edward Timpson, an heir to the Timpson fortune, has cemented his career outside the family business after being elected as a member of parliament in the UK district of Crewe and Nantwich yesterday.

Edward Timpson (pictured), an heir to the Timpson fortune, has cemented his career outside the family business after being elected as a member of parliament in the UK district of Crewe and Nantwich yesterday. He won over 49% of the vote for the Conservative party taking a seat from Labour for the first time in a by-election since 1978.

Edward, 34, is the great great-grandson of William Timpson, founder of the €100 million family shoe repairs and key cutting business. His father, John, is chief executive of the company, and brother James is the MD.

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