Family Office
Ultra-high-net-worth families are in the midst of a major handover of power. Generations are preparing to either step aside or step up and, as a result 67% of European family offices have a succession plan in place. However, according to Campden Wealth’s European Family Office Report 2022, around half of these plans are informal. As 36% of European family offices expect their Next Gens to assume control over the coming decade, is now the time to discuss the difficult subject of succession openly?
In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.
Mark Essex, course director of KPMG in the UK’s Family Business Leadership Academy, talks about his key learnings from the past 12 months.
Employers can’t survive by constantly trying to push square peg employees into round hole positions. Instead, they need to look at what’s available to them in the talent market and conjure up a solution that meets their needs… Make your holes squarer, says Mark Essex, course director of the Family Business Leadership Academy, KPMG in the UK.
The next generation of ultra-high-net-worth family wealth holders overwhelmingly indicate they are ready for succession, according to The Next Generation Of Wealth Holders In The United States 2022, a new report from Campden Wealth and BNY Mellon Wealth Management.
In this week’s FB Roundup, Egyptian-born businessman Mohamed Mansour is appointed Tory party senior treasurer; tributes are paid to Malaysian banker Teh Hong Piow; and the son of murdered billionaires triples cash reward.
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