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January 2, 2019

The Gulf has seen transition planning become a key area of focus in recent years. Across the region, transition-friendly systems and laws are being explored

The Gulf has seen transition planning become a key area of focus in recent years. Across the region, transition-friendly systems and laws are being explored, with fresh initiatives and platforms aimed at providing support to business and high net worth families.

Both the Dubai International Financial Centre and Abu Dhabi Global Market have family office and holding company regimes. The Abu Dhabi Chamber of Commerce and Industry is exploring the setup of a dedicated Family Business Leadership Centre.

December 3, 2018

Feisal Alibhai, Qineticare founder and chief executive, reveals why a focus on the wellbeing of the family is the missing piece in the ability to achieve robust succession planning

Feisal Alibhai, Qineticare founder and chief executive, reveals why a focus on the wellbeing of the family is the missing piece in the ability to achieve robust succession planning

To protect a family’s longevity, shrewd principals engage in detailed succession planning, which is vital to demonstrate true caring and love. Despite this meticulousness, succession continues to fail at an unacceptable rate, with wealth too often wiped out by the third generation.

November 19, 2018

Asia’s story over the past few years has been a tale of rapidly rising wealth and with it, increased philanthropic giving. 

Asia’s story over the past few years has been a tale of rapidly rising wealth and with it, increased philanthropic giving. In 2014, Hong Kong real estate moguls Ronnie and Gerald Chan hit western headlines when they pledged a $350 million gift to Harvard University through their charitable foundation—the largest in the institution’s history. In its 2016 study on philanthropy, BNP Paribas said that 27% of high net worth Asians planned to leave at least a third of their fortune to charity.

November 5, 2018

Boomers are retiring in droves. Generation X is not far behind. Millennials are taking charge of family fortunes. Now what?

Boomers are retiring in droves. Generation X is not far behind. Millennials are taking charge of family fortunes. Now what?

Over the next 40 years, $30 trillion in financial and non-financial assets will pass from Baby Boomers to their heirs in North America, according to management consultants Accenture.

With so much capital in play private banks are keen to keep the millennial children of wealthy families sweet.

July 3, 2018

Americans are living longer. Forty years ago, average life expectancy was 73.5. Today the average US citizen can expect to blow out candles on their 79th birthday. Even living to 100 was once consigned to science fiction. No more.

Americans are living longer. Forty years ago, average life expectancy was 73.5. Today the average US citizen can expect to blow out candles on their 79th birthday.

Even living to 100 was once consigned to science fiction. No more.

Indeed, getting long in the tooth has caught the eye of finance wonks at UBS, the Swiss bank, whose latest report probes investment intentions of would-be centenarians.

April 30, 2018

The ancient religious trust known as the Jerusalem Islamic Waqf is coming back into vogue in Dubai. Not only are waqfs a way for families to set up charitable foundations and launch their charitable funds, they are also popular among family business principals who want to organise their inheritance in confidence.

The ancient religious trust known as the Jerusalem Islamic Waqf is coming back into vogue in Dubai. Not only are waqfs a way for families to set up charitable foundations and launch their charitable funds, they are also popular among family business principals who want to organise their inheritance in confidence.

This emerging trend, along with law changes in the United Arab Emirates (UAE), could be a big boost for smoother succession planning.

April 16, 2018

How do families keep the creative spark alive while keeping order? The awkward truth at the heart of family governance is that procedural frameworks and innovation are not natural bedfellows

How do families keep the creative spark alive while keeping order? The awkward truth at the heart of family governance is that procedural frameworks and innovation are not natural bedfellows.

March 14, 2018

Last Christmas came early for millions of Americans when US president Donald Trump signed a $1.5 trillion Republican tax reform bill into law. “You all just got a lot richer,” Trump told wealthy friends at his private Florida club after endorsing the first major overhaul of US tax laws in 21 years...

Last Christmas came early for millions of Americans when US president Donald Trump signed a $1.5 trillion Republican tax reform bill into law. “You all just got a lot richer,” Trump told wealthy friends at his private Florida club after endorsing the first major overhaul of US tax laws in 21 years.

Hardly a tactful quip, but when has Donald Trump fretted over tact? Analysts say the president may be $15 million personally better off.

December 18, 2017

Why are family-controlled companies in Asia-Pacific much more likely to be publicly listed than in other parts of the world?

Why are family-controlled companies in Asia-Pacific much more likely to be publicly listed than in other parts of the world?

November 23, 2017

Jan van Bueren and Thomas Ming, of UBP’s FOSS Family Office Services Switzerland, outline one of the key elements to look out for when establishing a single-family office; its location

Jan van Bueren and Thomas Ming, of UBP’s FOSS Family Office Services Switzerland, outline one of the key elements to look out for when establishing a single-family office; its location

When families consider setting-up their own single-family office (SFO), they often overlook the matter of the jurisdiction in which that family office should be. This is actually an essential element that deserves serious thought.

There are quite a few questions that need answering before deciding on the jurisdiction for a SFO:

November 23, 2017

This has been the debate here—how to convince elder patriarchs that succession planning will fit with their life and afterlife. When they reach their 70s or 80s, they are preoccupied with facing God, not legacy, and so this region is at risk of losing big businesses.

The Arabian Gulf as we know it did not exist more than 50 years ago, as far as world maps were concerned, and while the region emerged in wealth due to oil and gold, the wealth was concentrated in tribal families.

November 3, 2017

Warren Buffett famously said: “It takes 20 years to build a reputation and five minutes to ruin it".

Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it”. These days, given the influence of social media and direct consumer feedback, the smallest issue can have widespread consequences for businesses. Not surprisingly, a survey by the Reputation Institute revealed that reputation is a top priority for 65% of business leaders. However, only 16% felt their organisation had the capability to manage their reputation comprehensively.

October 30, 2017

Socially progressive, but with a streak of personal resilience, four generations of Kohlers have built one of America’s oldest and most successful privately-held companies. Margie Goldsmith finds out how the plumbers found success in the pipeline

Socially progressive, but with a streak of personal resilience, four generations of Kohlers have built one of America’s oldest and most successful privately-held companies. Margie Goldsmith finds out how the plumbers found success in the pipeline

August 8, 2017

The root of family-owned advantage comes from many sources, such as a mutual loyalty with employees and a mission that matters. But a big factor is independence from equity markets and therefore intense earnings scrutiny. This allows management for the long term.

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 24, 2017

Donald Trump’s election as the 45th US president has thrust a family business leader into the most important job in the world. What will be the impact on family businesses in the US (and beyond) of having a family business-friendlier figure in charge? Nicholas Moody and James Beech report

Donald Trump’s election as the 45th US president has thrust a family business leader into the most important job in the world. What will be the impact on family businesses in the US (and beyond) of having a family business-friendlier figure in charge? Nicholas Moody and James Beech report

February 14, 2017

Research suggests that blended families are on the rise, adding an additional layer of family dynamics to the existing complexities that business families are dealing with. 

Research suggests that blended families are on the rise, adding an additional layer of family dynamics to the existing complexities that business families are dealing with. During the inauguration of the new United States president in Washington DC, the very blended nature of the First Family was hard to miss. But is it really a new phenomenon and how does it influence family conflict?

February 7, 2017

Nobody really knows what the Trump presidency will bring, but one thing is certain: Trump is a very controversial figure who evokes strong emotions on both sides

Two days after Donald Trump shocked the world by being elected as the 45th President of the United States, my wife and I travelled to Argentina for a vacation. Nearly everyone we met asked about the election, mostly saying something like: “What are you crazy Yanquis thinking?” The newspaper headlines in Buenos Aires were extremely unflattering, as they probably were worldwide. Nobody really knows what the Trump presidency will bring, but one thing is certain: Trump is a very controversial figure who evokes strong emotions on both sides.

November 29, 2016

How will I ensure that I am treated fairly? Will I be able to make a difference? How do I avoid getting drawn into family conflicts? These are some of the questions that I get asked time and time again by talented individuals, who are considering joining family businesses as a non-family executive.

How will I ensure that I am treated fairly? Will I be able to make a difference? How do I avoid getting drawn into family conflicts? These are some of the questions that I get asked time and time again by talented individuals, who are considering joining family businesses as a non-family executive.

November 8, 2016

Switzerland is one of the most stable economies in the world.  Analysts say the Swiss economy is set to expand in 2017 and is currently fairly valued. Tanzeel Akhtar reports

Switzerland is one of the most stable economies in the world.  Analysts say the Swiss economy is set to expand in 2017 and is currently fairly valued. Tanzeel Akhtar reports

The country is known for its neutral political stance, growth economy, strong currency, and low unemployment rate. Not forgetting its highly competitive tax regime. Is Switzerland embarking on another boom phase?

October 26, 2016

Why appoint family members as directors when the pool of excellent, qualified, independent executives numbers in the thousands?

Why appoint family members as directors when the pool of excellent, qualified, independent executives numbers in the thousands?

The Fourth of July is a US national carnival unlike any other – celebrating the anniversary of the signing of the Declaration of Independence in 1776.

October 13, 2016

The prolonged, low return environment has been fuelled by record low interest rates and a monetary policy that is holding back yields, forcing investors to look to alternatives in the search for portfolio growth – and family offices are no exception, says Bill Nixon, managing partner at Maven Capital Partners.

The prolonged, low return environment has been fuelled by record low interest rates and a monetary policy that is holding back yields, forcing investors to look to alternatives in the search for portfolio growth – and family offices are no exception, says Bill Nixon, managing partner at Maven Capital Partners.

Nixon offers his insight into the strategies family offices are adopting to meet their long-term investment return horizons and twin goals of wealth preservation and appreciation.

October 10, 2016

Could currency volatility be the first symptom of wider stress in financial markets? William Cainreports 

Could currency volatility be the first symptom of wider stress in financial markets? William Cainreports 

Currency considerations are never far away from any debate about the economic fortunes of the world’s three largest economies. China’s switch to a freer-floating currency regime in mid-2015 saw the yuan devalue, triggering a bout of market panic in the third quarter of last year.

October 10, 2016

Investing in quality education pays dividends in social benefits. Flat World Partners founder Anna-Marie Wascher explains what motivates her to help others to make the right impact

Investing in quality education pays dividends in social benefits. Flat World Partners founder Anna-Marie Wascher explains what motivates her to help others to make the right impact.

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