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Asia Pacific

July 6, 2016

Trusted advisers can bridge the gulf of communication between patriarchs and the next generation in Asia Pacific family businesses when creating much needed family constitutions.

Trusted advisers can bridge the gulf of communication between patriarchs and the next generation in Asia Pacific family businesses when creating much needed family constitutions.

Up and coming members of family businesses often struggled to be heard by traditional elders but consultants from finance, academia and law can help next-gens find their voices when challenging firmly held views.

May 5, 2016

The billionaire Taiwanese founder of autoparts producer Minth is stepping down as chairman just weeks after the company’s stock plunged over regulatory concerns.

The billionaire Taiwanese founder of autoparts producer Minth is stepping down as chairman just weeks after the company’s stock plunged over regulatory concerns.

As Chin Jong Hwa, 57, relinquishes his role as head of the board, his daughter Chin Chien Ya, 27, is being appointed an executive director of the Chinese-based company.

August 21, 2015

China’s growing high-net-worth population is taking an increasing interest in the non-investment services family offices provide, according to experts from Asia Pacific, such as estate and tax planning, as well as education.

China’s growing high-net-worth population is taking an increasing interest in the non-investment services family offices provide, according to experts from Asia Pacific, such as estate and tax planning, as well as education.

According to the RBC World Wealth Report 2015, China’s population of high net worth individuals (HNW individuals) grew 18% in the last year, and now sits at 758,000. The total wealth of this group grew 20.5% to $3.8 trillion.

July 24, 2015

Lavazza to acquire Carte Noire for €800 million; Fiat Chrysler announces Ferrari IPO; and Shin Dong-bin appointed CEO at Lotte Holdings

Lavazza to acquire Carte Noire for €800 million

Lavazza, the family-run Italian coffee maker, has put in a formal bid to acquire French brand Carte Noire for €800 million ($879 million).

According to a company statement, the deal will treble the company’s turnover in France and will help it grow organically in the surrounding regions.

June 22, 2015

More than four-fifths of Asian family businesses do not have a succession plan in place despite the majority expecting to handover to the next generation within five years, new research has revealed.

More than four-fifths of Asian family businesses do not have a succession plan in place despite the majority expecting to handover to the next generation within five years, new research has revealed.

June 17, 2015

While reputation management may serve as an opportunity to prepare family businesses for smooth intergenerational transition, relatives can struggle to agree on common goals

A frequent source of tension in family businesses is the generational gap. Yet through the burgeoning field of reputation management, with its focus on social media and digital communication, the younger generation are finding they have the tools to bridge the divide. This can help ensure a smooth intergenerational transition in the process.

May 27, 2015

Samson Paper, like many Asian family businesses, are not only driving the economic development of their countries, but are also shaping global production and consumption, and have recently expanded into sectors including aeronautics and marine services

Samson Paper, like many Asian family businesses, are not only driving the economic development of their countries, but are also shaping global production and consumption, and have recently expanded into sectors including aeronautics and marine services

Samson Paper in numbers
Founded: 1965
Generation: Second
Revenues: $660 million (2013)
Employees: 1,730

December 8, 2014

Asian family offices are more self-reliant than originally thought, but that doesn’t mean their investment targets are being hit. This self-reliance is in keeping with an increased desire for independence. 

Family offices in Asia-Pacific rely heavily on external service providers for core functions, according to the Global Family Office Report 2014, challenging a long-held stereotype that they are self-reliant. In fact, it has found that Asian offices spend roughly 20% less than those in Europe and North America. 

According to the report, family offices in Asia-Pacific spend 46% of their total budget on external services, while those in North America and Europe spend between 63% and 70%, respectively.

November 21, 2014

China is facing a new economic crisis, and it is not about mounting local debt or even a rapidly slowing property market.  The crisis in the making is about family business succession in the world’s second-largest economy.

China is facing a new economic crisis, and it is not about mounting local debt or even a rapidly slowing property market.  The crisis in the making is about family business succession in the world’s second-largest economy.

This issue may seem innocuous for many observers, but it is in fact one of the many pressing issues for the country’s economy, which is undergoing a painful process of rebalancing.  Why is the family succession issue so important?

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