succession planning

THE BROAD VIEW

Family businesses fail when members overstep their roles

Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

UBS' Young Jin Yee (left) and Conrad Huber presenting the Global Next Generation Report, which surveyed more than 170 next-generation wealth holders globally.

Asia’s wealthy families shed taboo on succession planning as US$83 trillion changes hands: UBS

Business succession does not always continue beyond the second generation. Some empires are soon handed over to non-relations, as younger heirs prefer careers of their own.
BRUNCH

Succession in Singapore: Is the era of family empires coming to an end?

Leung says that clients increasingly need to understand how systemic shocks, such as sharp movements in interest rates or oil prices, impact their portfolios.

Volatility pushing the wealthy to focus on risk, succession: HSBC’s Tommy Leung

In 2025, the Bank of Singapore's family office and wealth advisory team registered a record number of client engagements globally.

Bank of Singapore strengthens family office, wealth advisory team to support UHNW demand

An ageing population, shifting workforce aspirations and the sheer challenge of running a company have highlighted the issue of leadership succession. 

Higher bar, talent crunch complicate Singapore SMEs’ succession plans