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Next Gen

The Future of Asian Family Offices

Aug 27 - 31. 2018
Asia has been an engine of wealth creation over the last few decades and the number of family offices in the region looks set to grow as that wealth matures. Between 2010 and 2020, the wealth held by high-net-worth individuals (HNWIs) in Asia will grow by 160% to reach a collective $14.5 trillion, according to Julius Baer. Last year, Asia added a new billionaire every second day, 117 in total, and 75% were either Indian or Chinese.

Succession Case Study: Dalian Wanda Group

Wang Jianlin,Founder – Dalian Wanda Group The struggles of China’s richest entrepreneur offer a case study in succession planning for wealthy families and family-run businesses across the world. Billionaire Wang Jianlin, the founder of China’s largest real estate development company, signaled in 2016 that he was ready to give up the helm of Dalian Wanda Group and let new leaders take his enormous conglomerate forward. However, Jianlin indicated that management would probably be a group of professionals rather than his 31-year-old son Wang S...

BNP Paribas’ Bank of the West opens private wealth management services in Manhattan aimed at HNWI’s and family offices

Bank of the West Wealth Management Group is seeking to leverage the strengths of BNP Paribas’ wealth management services and offer products and services aimed at high net-worth business families in the USA. They have opened their first Manhattan office and, though concentrated in the New York area, the service capitalizes on Bank of the West’s pan-US network. Expatriates residing in the USA will be a key audience. The Group is looking to put over a hundred private wealth advisors in place in the next three years. Each of these advisors, in turn, will have the support of family wealth a...

What Babson Now Offers Up for The Next Gen Family Office or Family Business

April 23 – 27. 2018
Babson College in Wellesley, Massachusetts, is one of the top ranking colleges for entrepreneurship education and the college has announced the launch of the Institute for Family Entrepreneurship. It is meant to be a hub for research, resources, and innovative programming dedicated to entrepreneurial students, business families and their family offices.

Indian Investment Landscape

Indian Investment Landscape

MarketCurrents welcomed Bharat Bhise of Bravia Capital in New York as well as Nitai Utkarsh of HeroMoto Corp’s family office based out of Delhi. Sumehr Sondhi moderated this panel on The Indian Investment Landscape.

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Succession Planning in Family- Promoted Companies

Jan 08 - 12. 2018
There is enough data, both empirical and anecdotal, to know that most family businesses do not really want to address the elephant in the room - “Who’s next?”.

The Shipping Tycoon Y.K. Pao and his Legacy

With a net worth of $13.4 billion, the Pao family started off in the shipping business with shipping tycoon Y.K Pao. He first established the Word Wide Shipping Company in the 50s with the purchase of a second-hand ship. Over 20 years, the company owned over 200 vessels. Y.K. Pao was knighted by Queen Elizabeth II, and was selected by readers of shipping magazine, Fairplay as “the most influential person in shipping in 120 years”. After his death in 1991, his four daughters and their husbands took over the reins, who individually look after separate entities of his legacy. The families...

Ayala Corporation Being Managed by the Seventh Generation of Zobel Family

The Zobel family, owners of conglomerate Ayala Corp., stands 43rd on Forbes’ list of richest families in Asia, with a net worth of $6.13 billion this year. Filipino businessman Jaime Zobel de Ayala was the managing partner of Ayala Company, before it turned into a corporation. He then served as the managing partner and chairman until 2005. Jaime Zobel is a prominent business figure in the Philippines with a significant reputation towards philanthropy. What started off as a small Manilla distillery is now Ayala Corporation, a company with a net income of 23.2 million within the first 9 m...