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Succession

October 3, 2017

In our new series, FB Academy, giving practical ‘how-to’ advice to families, Andrew Keyt, clinical professor at Chicago’s Loyola University, likens bringing on a non-family leader to Thanksgiving.

In our new series, FB Academy, giving practical ‘how-to’ advice to families, Andrew Keyt, clinical professor at Chicago’s Loyola University, likens bringing on a non-family leader to Thanksgiving.

The traditional model of family business succession is built on a parent passing leadership of the family company to one of their children. As the Millennial generation comes of age, family businesses are increasingly turning to non-family members to lead their family companies.

August 30, 2017

When it comes to succession, some business families plan well and some don’t, whether the next generation is ready or not. Scott McCulloch reports.

When it comes to succession, some business families plan well and some don’t, whether the next generation is ready or not. Scott McCulloch reports.

Here is a scenario: What if a patriarch–a maverick whose family firm, built over four decades and turning over more than €100 million ($105 million) annually–dies in office without leaving his children a set of instructions on how to run the show?

July 18, 2017

Two factors play a major role in the success of multigenerational wealthy families: they grow their assets well above their consumption rate, and they consistently develop family talent—generation after generation

Two factors play a major role in the success of multigenerational wealthy families: they grow their assets well above their consumption rate, and they consistently develop family talent—generation after generation. Developing new wealth creators in a family business is easier said than done. The question is also whether the next generation is even willing to follow in the parents’ footsteps.

July 10, 2017

The misconception that wealth structuring means losing control is the biggest obstacle facing wealth managers when dealing with ultra-wealthy Chinese families and investors, says Jersey Finance.

The misconception that wealth structuring means losing control is the biggest obstacle facing wealth managers when dealing with ultra-wealthy Chinese families and investors, says Jersey Finance.

The international finance centre found 88% of practitioners it surveyed pointed to the loss of control as their greatest challenge in advising Chinese clients.

July 4, 2017

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America 

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America. Sharon Lim reports 

June 2, 2017

The best way of making one’s children hold on to one’s fortune is to educate them well so that they can manage their responsibilities. David Turner looks at 10 highly regarded schools

The best way of making one’s children hold on to one’s fortune is to educate them well so that they can manage their responsibilities. David Turner looks at 10 highly regarded schools

Cathedral & John Connon School | India

May 5, 2017

Molina Healthcare dumps family executives; Olayan Financing eyes IPO; family-owned Breitling sells out to private equity.

Molina Healthcare dumps family executives due to poor financial performance

US family-run Molina Healthcare has replaced the two brothers who have run the health insurer since 1996, replacing them with a non-family director due to poor financial performance.

Mario Molina, its second-generation chief executive, and John Molina, its chief financial officer (CFO), have been replaced by current chief accounting officer Joseph White who becomes interim chief executive while the company recruits a new chief executive, and CFO.

May 3, 2017

In an election campaign infamous for contradictions and outbursts, one constant factor has been the mission of Donald Trump to have his adult children and son-in-law installed as the power behind his throne.

In an election campaign infamous for contradictions and outbursts, one constant factor has been the mission of Donald Trump to have his adult children and son-in-law installed as the power behind his throne.

April 12, 2017

Living longer thanks to advances in healthcare and technology means family business leaders may marry and have children more than once, with huge repercussions around the kitchen table and the boardroom table. James Beech looks at how ‘blended families’ and family businesses mix

Living longer thanks to advances in healthcare and technology means family business leaders may marry and have children more than once, with huge repercussions around the kitchen table and the boardroom table. James Beech looks at how ‘blended families’ and family businesses mix

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