Singapore ultra-rich families can learn from Swiss and Germans: UBS Wealth
Singapore
THE ultra rich in Protestant Switzerland and Germany may provide clues to how their Asian counterparts, especially those in Singapore, can preserve wealth across generations and ultimately how it trickles down to the rest of the economy.
UBS Wealth Management head of family advisory Eric Landolt said that the most crucial factor in avoiding the dilution of wealth is to be results oriented, and the Swiss and Germans are very good at this. "Typically these families are very, very strict when they look at ownership, and that comes from a very cultural background, from a very Protestant kind of background. They would be very strict in terms of maybe not being so equal, but how do we get the best performance out of our company," said Mr Landolt.
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