Month: November 2016
Chinese millennials start to use financing options
David Rimmer, client relationships, Hawksford also says second generations show similar patterns investing in overseas real estate and global businesses.
read moreNinety-year-olds go into the office every day
Withers’ Singapore partner Stacy Choong and Hong Kong, counsel, Pearl Lam also say that Chinese millennials, if from rich families and educated abroad want to pursue their own passions.
read morePrivate equity play a large part in buying Chinese businesses
Melanie Ison, managing director, Nerine Trust Company in Hong Kong, also says that private equity ROI timelines can conflict with family business longevity wishes.
read moreChinese business owners reluctant to bring in outsiders
Daniel Ugur, partner at Gowling WLG, also says patriarchs like to retain control which limits learning in the next gen and makes children apprehensive.
read moreSeller beware: buyers look for unprepared family businesses
Philip Marcovici, principal at Offices of Philip Marcovici in Hong Kong, also says the tradition of passing a business to the eldest son can be problematic.
read morePolitics is affecting life decisions
Simon Bruce, partner at Farrer & Co also says some clients are moving abroad before Brexit, postponing decisions about their private lives.
read moreUncertainty will mean more ‘conditional agreements’
Miles Geffin, legal director, Mishcon de Reya also predicts an increase in the numbers of internationally wealthy individuals relocating to the UK with their families.
read moreRussians may help London retain ‘divorce capital of world’ label
Toby Atkinson, partner in the divorce and family department at Stewarts Law, also says volatility is making life difficult for valuers to assess asset prices.
read moreEU law has had a beneficial impact on family law
Camilla Baldwin, partner and founder of the law firm Camilla Baldwin Solicitors also says, following Brexit, there will be an increase in conflict and litigation in the short term.
read moreSwiss wealth management industry upskills in a new regulatory environment
Gone are the days of the secretive Swiss private bank, and instead it is a jurisdiction seeking to capitalise on a wealth of experience in asset management but facing a whole new landscape.
read moreOur trainees write honest blogs about their training
Jane Keir, senior partner at Kingsley Napley, says their firm has made a shift towards informal feedback throughout the year rather than sticking to the traditional annual appraisal model.
read moreDespite technology, the law needs great, motivated and trained people
Jim Aveline, partner and head of family offices and businesses sector group at Burges Salmon, says partners attend ‘career conversation workshops’ to help discuss career aspirations with their lawyers.
read moreInclusion and diversity is a core part of our hiring strategy
Ashley Crossley, partner and head of wealth management at Baker & McKenzie, says they are one of the first organisations in the UK to use ‘contextual recruitment’ in their trainee hiring.
read moreEmotional intelligence and character are qualities we look for
Wendy Walton, head of global private client services at BDO says the younger generation have the ability to make seasoned professionals see things from a fresh perspective.
read moreMillennials should focus on a full range of communication skills
James Penny, managing director at Barclays Wealth, says the younger generation need to realise a career is in the marathon not the sprint category.
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