Lunch with ABN AMRO on private banking
- 13 Oct 2006
- ABN AMRO Private Bank Level 25, One Raffles Quay, South Tower
This event is for Members only.
�Wealth transfer and inheritance in Asian families : Generations on a collision path.� Family enterprise is big business in Asia. In Hong Kong alone, family firms constitute almost 40% of the Morgan Stanley Capital International (MSCI) Index. Yet their contribution to the economy is often short lived; in general only three in ten family businesses survive into the second generation and a mere one in ten into the third. With the majority of private wealth creation in Asia being linked to entrepreneurship and family enterprise, succession planning and wealth management are key concerns. In a first-of-its- kind study, ABN AMRO Private Banking, in partnership with INSEAD, a leading international business school, takes a unique look into the emotional aspects that govern high-net-worth families and family businesses in Asia and explores the issues that often lead to their demise. In an environment never more strongly shaped by Western influences, the study identifies stark differences in the values, aspirations, concerns and ideals of some of Asia�s most successful businessmen and their children. The result: two generations on a collision path as they prepare for the transfer of wealth in a social and business landscape altered over the last two decades. Barend Janssens, Head of ABN AMRO Private Banking for Asia along with guest speaker Professor Randy Carlock, INSEAD, will be present the findings of the study. For JOURNALISTS ONLY