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Henry Sy Steps Down as Chairman of SM Investments Corporation

With a real time net worth of $20.1 billion dollars, Henry Sy has stood out as the richest man in the Philippines for almost a decade. Presently residing in Manila, Philippines, this billionaire came from a humble beginning and started a small shoe business almost 60 years ago. His success has been unstoppable from then on with large scale expansions into department stores and SM Mall, which generated large revenues that evolved into his business today – SM Investments Corp. Today Henry Sy has an established r...

Multi-Family Offices Grow Popular in China

The Chinese economic landscape has been growing by leaps and bounds at a swift pace. With this growth of wealth comes the demand for preservation and progression. The country with the highest population is also home to a large number of millionaires, centred in Hong Kong, which consequently houses a high volume of family offices. As of last year, according to Asia Asset Management and the Credit Suisse Report, ‘China has by far the fastest-growing group of ultra-high-net-worth individuals – defined as those ...

UHNWIs and their Family Offices Rise in Malaysia

As part of the global trend of rising numbers of Ultra High Net Worth Individuals (UHNWIs), Malaysia has witnessed a substantial rise as well. Knight Frank’s Wealth Report 2017 said, ‘The ultra-high-net-worth individuals (UHNWIs) in Malaysia recorded a 3% increase in 2016 compared to a 15% decline in 2015’. Kuala Lumpur, in the same report, was within the top 50 cities on the City Wealth Index 2017. This rise in number will naturally benefit the Asian economic landscape as the proximity allows for easy kno...

John and Patrick Collison – Self Made Billionaires Get Younger

We’re seeing more and more of this and we’re not complaining. John Collison at 26, stands at the world’s youngest self-made billionaire in 2017. Not too much older is his brother Patrick Collison and together these Irish-immigrant brothers have made it big and have done it quick. John and Patrick were both born and raised in rural Ireland, and immigrated to America with an immediate attraction to Silicon Valley. Unlike the 80s and 90s, it is not a rarity to see a billionaire that is below th...

Staggering Wealth in Emerging Markets

Staggering Wealth in Emerging Markets

Oct 16 - 20. 2017
It’s no secret that the rich get richer. But much of the world’s wealth in emerging markets is actually quite young, and those families are only beginning to consider how to structure systems for asset management and preservation of legacy.

What to Expect as Millennials Take Over

With the slow but sure departure of baby boomers from the workforce around the world, there is an increasing amount of space being created for Millennials. This term has been used to describe the generation that was born anywhere after 1982. Whether it’s the West or the East coast, Millennials everywhere have an increasing presence in the current and upcoming economic landscape, and they are bound to change it with their distinctive work style and ethics. This evolving character of the workforce...

The Priority of Succession Planning for Business Owners

Around the world, we are increasingly hearing of multi-generational businesses going down for the count, and most of the time, it is the lack of a successful succession plan. As covered in a recent MarketCurrents interview (https://www.marketcurrentswealthmanagement.com/family-offices/interviews/seamless-transition-ownership/) on the subject of family vision alignments and succession planning, Mr. Rohit Sarin, Co-Founder of Client Associates said, “It’s a complex and long drawn process involving multiple roun...

Multi-Generational Businesses – What it takes to Succeed

Imagine a room full of people with different values, working styles, philosophies, cultures and expectations all working toward a common goal. Business owners face the challenge that comes with this diversity daily. Now, multiply this challenge four times and that’s what multi-generational business owners are facing. They face the above diversity, but with four different generational viewpoints. The traditional players, the baby boomers, the mid-career workforce and finally, the radically different, millennia...

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