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Appointments

July 25, 2012

Family-controlled mining company Antofagasta has hired an outsider to lead the business, replacing interim chief executive and family member Jean-Paul Luksic. 

Family-controlled mining company Antofagasta has hired an outsider to lead the business, replacing interim chief executive and family member Jean-Paul Luksic.

Luksic, who stepped up to the chief executive role after the unexpected resignation of non-family Marcelo Awad earlier this year, said the Chilean group has appointed Diego Hernandez.

July 19, 2012

Campden Wealth has launched a new global membership programme for ultra-high net worth families in Asia-Pacific, in response to requests by families to connect with peers on a worldwide basis.

Campden Wealth has launched a new global membership programme for ultra-high net worth families in Asia-Pacific, in response to requests by families to connect with peers on a worldwide basis.

The programme is modelled on that offered to families in the US by the Institute for Private Investors, acquired by Campden last year.

May 28, 2012

Li Ka-shing is planning to offer financial support to help his younger son Richard to build his own business empire, while eldest son Victor will take charge of Cheung Kong Holdings and Hutchison Whampoa when the 83-year-old billionaire decides to step down.

Li Ka-shing is planning to offer financial support to help his younger son Richard to build his own business empire, while eldest son Victor will take charge of Cheung Kong Holdings and Hutchison Whampoa when the 83-year-old billionaire decides to step down.

Speaking at a shareholders meeting on 25 May, Li confirmed that although he has no plans to retire, Victor will take the helm when he does.

March 10, 2012

Jean-Paul Luksic, chairman of Chilean mining company Antofagasta, has been appointed as interim chief executive, just a week before the family business is due to announce its 2011 results.

Jean-Paul Luksic, chairman of Chilean mining company Antofagasta, has been appointed as interim chief executive, just a week before the family business is due to announce its 2011 results.

The move follows the unexpected resignation of non-family Marcelo Awad, who had been chief executive of the group since 2004.

Antofagasta, which is listed on the London Stock Exchange, did not give a reason for his exit.

November 30, 2011

Todd Corporation, the holding company for New Zealand’s wealthiest family, has appointed the first non-family member to serve as chairman of the family business. 

Todd Corporation, the holding company for New Zealand’s wealthiest family, has appointed the first non-family member to serve as chairman of the family business

The Wellington-based company, which is controlled by the founding Todd family and has interests in the energy and media sectors, said that Geoff Ricketts, who is currently deputy chairman, will replace John Todd at the helm of the business.

November 15, 2011

UBS, the world's second largest wealth management bank, named Sergio Ermotti group chief executive and announced that Alex Weber will succeed Kaspar Villiger as chairman of the board as of May 2012. 

UBS, the world's second largest wealth management bank, named Sergio Ermotti group chief executive and announced that Alex Weber will succeed Kaspar Villiger as chairman of the board as of May 2012.

Ermotti was the bank’s acting chief executive since the end of September, after an unauthorized trading scandal prompted Oswald Gruebel to resign.

The Swiss bank also said that its board of directors confirmed the group’s new strategy, which will focus less on investment banking and more on the group’s wealth management business.

October 26, 2011

Barclays Wealth has expanded its ultra-high net worth and family offices team, with the appointment of Kevin Shone as managing director of the bank’s UHNW division.

Barclays Wealth has expanded its ultra-high net worth and family offices team, with the appointment of Kevin Shone as managing director of the bank’s UHNW division.

Read the full story at CampdenFO.

October 21, 2011

Mark Evans, head of Coutts Institute, has been appointed chair of the Family Firms Institute, as the family business group increases its focus on driving global membership.  

Mark Evans, head of Coutts Institute, has been appointed chair of the Family Firms Institute, as the family business group increases its focus on driving global membership.

He was elected on October 15th and takes over from Ronald Norelli, the founder of management-consulting firm Norelli & Company.

Evans joined Coutts in 2005, when he was recruited from JP Morgan to develop the British bank’s ultra-high net worth division.

October 19, 2011

Family-controlled retail giant Metro is without its two top executives, after Jürgen Kluge, chairman of the group’s supervisory board, resigned just days after chief executive Eckhard Cordes decided not to extend his contract. 

Family-controlled retail giant Metro is without its two top executives, after Jürgen Kluge, chairman of the group’s supervisory board, resigned just days after chief executive Eckhard Cordes decided not to extend his contract.

Kluge stepped down on 17 October, but will remain chief executive of Haniel & Cie, the investment company controlled by the Haniel family which owns 34.4% of the Dusseldorf, Germany-based retailer.

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