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next gen

July 26, 2012

The digital natives of Generation Y are starting to work in their families’ businesses. And with their work ethic and understanding of social media, they’re already starting to shake things up.

They were the children born into the final decades of the 20th century. Sometimes branded Generation “me” or Generation “I”, but mostly known as Generation “Y”, they’re supposedly tech-savvy and globally focused, but also arrogant, with short attention spans, and expect to be able to have it “all” when it comes to family and work-life balance.

July 25, 2012

A generation of globalised, jet-set MBAs are just starting to take over family businesses. But if they ignore the importance of place, they’ll lose something very valuable indeed.

June 29, 2012

It is with considerable excitement here at Campden that we would like to announce the launch of our latest publication – CampdenNXG. NXG is aimed at next-generation business leaders, entrepreneurs and investors around the world – those individuals who are changing the world now, or about to.

It is with considerable excitement here at Campden that we would like to announce the launch of our latest publication – CampdenNXG.

NXG is aimed at next-generation business leaders, entrepreneurs and investors around the world – those individuals who are changing the world now, or about to.

June 7, 2012

It was a case of in with the old and out with the new at Carlson this month, as two next-gens replaced older family members at the travel and hospitality company. 

It was a case of in with the old and out with the new at Carlson this month, as two next-gens replaced older family members at the travel and hospitality company.

Barbara Carlson Gage, the daughter of the family business’s founder Curtis Carlson, and her brother-in-law Glen Nelson both stepped down after a combined 40 years on the board.

Their replacements were named as Geoffrey Gage, 45, and 43-year-old Wendy Nelson, grandchildren of the founder.

May 14, 2012

Family businesses should break the paradigm of ‘shirtsleeves to shirtsleeves in three generations’ by focusing on good governance in the family business.

Family businesses should break the paradigm of ‘shirtsleeves to shirtsleeves in three generations’ by focusing on good governance in the family business.

That’s according to Rupert Phelps, director of family office services at BNY Mellon Wealth Management, who was speaking at a conference in London last week.

May 11, 2012

More than $25 trillion (€19.32 trillion) is expected to pass from one ultra-high net worth generation to the next by 2050, but issues over giving up control and empowerment are affecting decisions about wealth transfer.

More than $25 trillion (€19.32 trillion) is expected to pass from one ultra-high net worth generation to the next by 2050, but issues over giving up control and empowerment are affecting decisions about wealth transfer.

That’s one of the findings of new research conducted by Morgan Stanley Private Wealth Management and Campden Wealth. Entitled Next-Generation Wealth: The New Face of Affluence, the study of more than 50 very wealthy families in North America suggests there are control issues affecting wealth transfer to next-gens.

April 27, 2012

A new programme to boost young next-gens’ knowledge of finance and leadership has been launched. Developed by a US-based multi family office, the programme will use interactive games and family meetings to help high net worth families teach next-gens how to manage wealth.

A new programme to boost young next-gens’ knowledge of finance and leadership has been launched.

Developed by US-based multi family office Pathstone, the programme will use interactive games, workbooks and family meetings to help high net worth families teach next-gens how to manage substantial wealth.

Steve Braverman, managing director of the family office, said in a statement that the course, called Path2Responsibility, will target children “from three years old through young adulthood”.

April 26, 2012

Powell Brown, the next-gen member at insurance group Brown & Brown, has returned to the helm of the family business following almost three months of medical leave.

Powell Brown, the next-gen member at insurance group Brown & Brown, has returned to the helm of the family business following almost three months of medical leave.

On 25 April, 40-year-old Powell was reinstated as president and chief executive of the Daytona Beach, Florida-based group, which is the seventh largest insurance provider in the US.

April 26, 2012

The ongoing scrutiny into press ethics in Britain is a serious affair no doubt, but the Leveson inquiry turned into a next-gen meeting this week, when the sons of three of the biggest owners of media groups showed up at the High Court in London. 

The ongoing scrutiny into press ethics in Britain is a serious affair no doubt, but the Leveson inquiry turned into a next-gen meeting this week, when the sons of three of the biggest owners of media groups showed up at the High Court in London.

Aidan Barclay, son of billionaire father Sir David Barclay, who has owned the Telegraph Media Group since 2004, turned up at the Leveson inquiry on 23 April. He was followed by fellow next-gen Evgeny Lebedev, the offspring of Russian tycoon Alexander Lebedev.

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