Two-thirds of Asian business families want professional managers

Singapore

About two-thirds of business families in Singapore and in Asia are banking on attracting and developing talent to ensure the long-term sustainability of their businesses.

A report by United Overseas Bank (UOB) and the Business Families Institute of the Singapore Management University (BFI@SMU) says that Asian business families recognise the importance of bringing in external professional managers in areas such as financial management, regional expansion and human resourcing, in order to establish a more professional talent-development structure.