Leading Asian wealth management community Hubbis hosted a webinar titled “Business Families in Transition - How can wealth managers embrace this opportunity" on June 15. According to Russell Reynolds Associates, nearly 85% of companies in the Asia Pacific region are family controlled. Amid rapid wealth growth, a need emerges for changing hands of family businesses and wealth. Trillions of dollars of wealth is expected to go through generational transitions in the coming years. The webinar sought to address the needs and expectations of the current and the next generations of private clients from Asian business families.
Zhong Lun partner Hengka (Henry) Ji was invited as panelist to discuss how to effectively approach and communicate with clients across generations and provide tailored wealth management and inheritance solutions. He also touched on what talents and expertise were required to help upcoming generations participate in and eventually take over the management of family businesses. The webinar brought together distinguished speakers from top-tier private banks, wealth management institutions, and law firms based in Singapore, Hong Kong, India, and other regions, as well as hundreds of online audiences. They took great interest in Hengka’s presentation based on unique Chinese cases and insights and discussed enthusiastically about these talking points. Hengka’s excellent sharing and thoughtful responses received widespread acclaim.