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professionalisation

November 29, 2018

The world’s business families are making the successful transfer of leadership to the next generation a higher priority than even the safeguarding of wealth in an era of disruption and uncertainty.

The world’s business families are making the successful transfer of leadership to the next generation a higher priority than even the safeguarding of wealth in an era of disruption and uncertainty.

New research by Stonehage Fleming said 69% of respondents spotlighted succession planning as one of their top three concerns for future financial organisation, followed by capital preservation (62%) and tax planning (48%).

September 5, 2016

Family offices in Asia are still relatively new. Most of the wealth is still in the first, or possibly the second generation. The establishment of what might be described as western family office models is still nascent.

Family offices in Asia are still relatively new. Most of the wealth is still in the first, or possibly the second generation. The establishment of what might be described as western family office models is still nascent.

The preferred formula still remains that of a very trusted family retainer, a chief financial officer who has run an operating business, or a lawyer, who structures and advises the wealth that the principals. The old (or very older) generation still retain a great deal of control and make the strategic and investment decisions.

January 30, 2015

Multiple jurisdictions, private equity, generational mathematics, soft services and professionalisation are some of the trends set to rock the family office sector in 2015, according to three family office experts.

Multiple jurisdictions, private equity, generational mathematics, soft services and professionalisation are some of the trends set to rock the family office sector in 2015, according to three family office experts.

Andrew Porter is head of research at Campden Wealth and leads its annual Global Family Office Report project. His top five trends for 2015 are:

October 16, 2014

More than 80% of family businesses do not have a robust succession plan and 75% of firms with CEOs aged 65 or older still have no succession process in place, new research has revealed.

More than 80% of family businesses do not have a robust succession plan and 75% of firms with CEOs aged 65 or older still have no succession process in place, new research has revealed.

The biennial PwC Global Family Business Survey of 2,800 family businesses found just over half (53%) have succession plans in place for some, if not all senior roles, but only 30% of these ‘plans’ are properly documented.

April 8, 2014

The sprawling, family-controlled conglomerates common in the Gulf Cooperation Council may not survive the next generational transfer if they don't refine their focus, according to a recent report.   

The sprawling, family-controlled conglomerates common in the Gulf Cooperation Council may not survive the next generational transfer if they don't refine their focus, according to a recent report.

Booz & Co, the management consulting division of international accountancy firm PWC, said slowing growth in the GCC as well as greater numbers of foreign companies operating in the region is another threat to the longevity of regional family firms.

May 1, 2007

More and more family businesses are bringing in non-family CEOs to help them grow and succeed. But creating the right environment for them to succeed in is tricky, as Andrew Keyt, Joe Astrachan and Tim Blumentritt discovered in a recent study

More and more family businesses are bringing in non-family CEOs to help them grow and succeed. But creating the right environment for them to succeed in is tricky, as Andrew Keyt, Joe Astrachan and Tim Blumentritt discovered in a recent study.

Andrew Keyt is executive director of the Family Business Center at Loyola University Chicago.

Joe Astrachan is distinguished research fellow Loyola University Chicago and director of the Cox Family Enterprise Center, Kennesaw State University.

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