succession planning

When bloodlines rule boardrooms: Asia’s answer to defying the third-generation wealth curse

It’s not about inheritance, but stewardship balanced with self-authorship, says UOB’s Angela Koh

Asia has become the world’s fastest-growing financial hub, with private wealth projected to reach US$99 trillion by 2029.

Wealthy Asian families face succession woes as scions have different ambitions, mindsets: report

The preferences of the younger set should be factored into succession planning, and professionalisation is the pragmatic solution

An effective adviser can help families create structures that allow for open and constructive discussion.
INVESTING FOR IMPACT

Beyond preservation: Achieving the purpose of wealth across generations

The question has gone beyond sustaining the wealth to ensuring that it continues to be used intentionally and with meaning across generations

Musk’s brilliance is undeniable, but it comes with trade-offs for governance and institutional resilience, says this author.
THE BROAD VIEW

Tesla’s trillion-dollar succession trap: A warning for Asia’s leaders

WHEN Elon Musk eventually steps aside from Tesla, markets are likely to shudder. Few companies in history have been so completely identified with one person. Tesla’s stock price swings with his tweets...

A 2024 Deloitte report found that 37% of Asian families currently lack succession plans, leaving them vulnerable to legal disputes and family conflict.

As the world’s wealth changes hands, will Asian fortunes fade or flourish?

The way this generation manages its legacy will not only determine its own future but also set the standard for every generation that follows

Kiong has led Far East Hospitality for close to 14 years.

Arthur Kiong to step down as managing director of Far East Hospitality by end-2025

The industry veteran will be succeeded by his deputy, Mark Rohner, on Jan 1, 2026

As an advisory-first bank, Hong Leong Bank focuses on understanding each client’s full financial picture, including their aspirations, priorities and multi-generational goals, rather than taking a product-driven approach.
BRANDED CONTENT

Heritage meets ambition: Asian bank’s strategy to capture the emerging wealth class in the region

As South-east Asia prepares for an unprecedented transfer of capital, Hong Leong Bank’s tie-up with Lombard Odier brings time-tested global asset management expertise to this growing market

A good succession plan should not be limited to what shareholders want. It must consider the interests of all stakeholders - especially clients and staff.
MONEY WISDOM

Succession with purpose

Succession, whether for a country or a company, is not merely about replacing leaders or in the case of a company, owners. It is about preserving purpose, values and culture

Ng (left) has been at the law firm's helm for the past 12 years. WongP has been preparing for this transition since 2022, when Chou was named deputy managing partner.

Building up young talent a priority for WongPartnership’s new managing partner Chou Sean Yu

He takes over from Ng Wai King who will remain as chairman and senior partner

William Lauder, the son of of Leonard Lauder and former chairman of Estee Lauder Companies, has moved fully into a strategic governance role.

Succession at Estee Lauder – A personal reflection

How multigenerational leadership transition at the prestige beauty company offers crucial lessons in governance, legacy, and innovation