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Sustaining the family business: The importance of listening to Next Gens

May 16, 2023

As revealed in The 2023 North America Family Business Report from Campden Wealth and Brightstar Capital, considering board Next Gens’ experience, insight and opinion is vital to ensure future success.

As revealed in The 2023 North America Family Business Report from Campden Wealth and Brightstar Capital, considering Next Gens’ experience, insight and opinion is vital to ensure future success.

Why now is the time for family offices to regrow confidence in digital assets

May 12, 2023

Jakob Palmstierna, chief executive officer of GSR, talks about assuaging digital assets investment concerns, why now is the time to get on board and crypto’s bright future.

It’s fair to say that the digital asset sector has taken a bit of a hammering over the past year but Jakob Palmstierna, chief executive officer of GSR, states the crypto winter is coming to an end and confidence is growing back stronger than ever. GSR has ten years of deep digital asset market expertise as a market maker, asset manager and active, multi-stage investor.

FB Roundup: Sir Jim Ratcliffe, Barry Hearn, Louis Bacon

May 10, 2023

In this week’s FB Roundup, Sir Jim Ratcliffe proposes a new £5 billion Manchester United buyout bid; Barry and Eddie Hearn’s Matchroom Sport sale falls down; and hedge fund billionaire Louis Bacon wins $203 million in a defamation case.

Sir Jim Ratcliffe proposes £5 billion Manchester United buyout bid
After nearly having his dreams of owning Manchester United football club dashed after current owners the Glazer family said the team was not for sale, British petrochemicals billionaire Sir Jim Ratcliffe is proposing a full buyout of the Premiership team after three years if he succeeds with his revised £5 billion bid.

Resolving conflict with communication: Why talking it out can save a family business

May 9, 2023

In the midst, as we are, of a major generational succession transition in which trillions of dollars are changing hands, it has never been more important for every family member to feel that they have a voice and, more importantly, feel they are heard.

In the midst, as we are, of a major succession event in which trillions of dollars are changing hands between ultra-high-net-worth (UHNW) family members, it has never been more important for every person to feel that they have a voice and, more importantly, feel they are heard.

Employing cutting-edge technology in modern banking

May 4, 2023

With an audience of global representatives and industry experts, Asia Alliance Bank revealed its adoption of artificial intelligence at a conference in Tashkent, Uzbekistan.

FB Roundup: Heidi Horten, Dave Whelan, Jack Ma

May 4, 2023

In this week’s FB Roundup, Heidi Horten’s $150 million jewellery collection is put up for auction; Fitness First owner Dave Whelan plans a rent-cutting restructure; and Jack Ma takes up a professor position at a Tokyo university.

Heidi Horten’s $150 million jewellery collection put up for auction
Following her death in June 2022, the $150 million jewelry precious gems collection of Austrian billionaire and art collector Heidi Horten is being put up for auction by Christie's in what is being labelled by The New York Times as one of the largest jewellery auctions in history.

Philippe J. Weil: ‘The complexity of being born into wealth’

May 3, 2023

An experienced fourth-generation family member who has the passion and drive of a first-generation founder, Philippe J. Weil is a man of unique insight and knowhow. Here in his own words, he talks about effective governance advice and the importance of listening to every generation…

An experienced fourth-generation family member who has the passion and drive of a first-generation founder, Philippe J. Weil is a man of unique insight and knowhow.

Coming from a Swiss Jewish family that has traded in one form or another for more than 400 years, his great grandfather on his father’s side made a splash in the textiles industry before the family diversified into commodity trading and residential real estate.

Why are family businesses failing to properly plan for succession?

May 2, 2023

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about effective implementation of transparent and communicated succession plans.

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about effective implementation of transparent and communicated succession plans. Especially, as revealed in The 2023 North America Family Business Report from Brightstar Capital and Campden Wealth, as the majority of family businesses (61%) do not have a written, formal succession plan in place - while 44% still need to develop a succession plan or have no plan at all.

Why communication issues and lack of succession planning are putting North American family businesses at risk

May 2, 2023

The North America Family Business Report 2023 from Brightstar Capital Partners and Campden Wealth reveals that major concerns for thriving family businesses owners are succession planning, economic risks, and family communication.

For many well-established North American family businesses, long-term planning and forward thinking are the hallmarks of their enduring success. However, findings in The North America Family Business Report 2023 from Brightstar Capital Partners and Campden Wealth reveal that a majority of family businesses should address formal succession planning amid fears about a market downturn fueled by higher inflation and rising interest rates.

FB Roundup: David and Simon Reuben, Tyler and Cameron Winklevoss, Mike Lynch

April 26, 2023

In this week’s FB Roundup, David and Simon Reuben are exploring ways to finalise an LA real estate deal; the Winklevoss twins give a $100 million personal loan to their own crypto exchange; and Mike Lynch loses his bid against US extradition.

David and Simon Reuben “exploring ways” to finalise LA real estate deal
According to Bloomberg, Indian-born British businessmen David and Simon Reuben are “exploring ways to finalise one of Los Angeles’s biggest real estate projects after taking control over major parts of the $2.5 billion plan through debt financing deals.”