Tatler Singapore

THE NEXT STEP

More than two-thirds of wealthy families expect a generational transfer in the next 10 to 15 years, but managing such transitions successfully can be challenging. This is especially true in Asia, where cultural issues often make it difficult or even taboo to discuss a handover to the next generation. Yet handing over the reins to the younger generation need not be messy. Here, we look at some basic principles that help ensure a smooth transfer.

1) START EARLY

Given all the complex concerns involved in generational transfers, it is extremely important

You’re reading a preview, subscribe to read more.

More from Tatler Singapore

Tatler Singapore2 min read
The Midas Touch
It was in 1874, in the quiet serenity of La Côte‑aux‑Fées in Switzerland, that one man’s humble dream began to take shape. Driven by his passion for watchmaking, Georges‑Édouard Piaget set up a workshop in his family farmhouse, embarking on a journey
Tatler Singapore7 min read
The Maverick Mindset
Takashi Murakami’s smiling flowers are instantly recognisable; few living artists have emblems as iconic as his and even fewer have become cultural icons in their lifetimes. While multiple interpretations of the flowers exist, the Japanese artist has
Tatler Singapore3 min read
Discovering Asra
If Tumi’s creative director Victor Sanz could encapsulate the brand’s latest Asra collection of women’s bags in one word, it would be “elegance”. And there is no one who better embodies the spirit of elegance than its newest global brand ambassador M

Related Books & Audiobooks