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Family Business

The importance of written succession plans and preparing the next generation

January 19, 2023

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about implementation of plans and Next Gen readiness. In an exclusive interview with Campden FB, KPMG’s private client lawyer Harriet Kwarteng discusses how best to navigate the tricky subject of succession.

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about implementation of plans and Next Gen readiness. Especially as, according to Campden Wealth’s 2022 European Family Office Report, significant numbers of European family offices believe that the next generation is too young (36%) or inadequately qualified to take over (34%).

Technology: Why change is here to stay

January 18, 2023

Few industries have bypassed the disruption caused by new technologies in recent years. What’s more is that this global trend is accelerating, leading businesses to adopt new tech more quickly, so creating further disruption, says private markets platform Titanbay.

As we take our first steps into 2023, it feels like a natural time to reflect on private markets’ journey through 2022 and to begin to map out the possibilities for the year ahead. Below, we take stock of recent events and market movements, and consider how they could influence performance over the coming months. You can find more Titanbay insights here.

FB Roundup: Delphine Arnault, Andrew Forrest, Fred DeLuca and Peter Buck

January 16, 2023

In this week’s FB Roundup, Bernard Arnault appoints his daughter Delphine to run Dior; Andrew Forrest says Australia-to-Singapore solar plan is no longer viable; and the heirs of Subway’s founders are set to reap dividends from $10 billion sale deal.

Bernard Arnault appoints daughter Delphine to run Dior
The world's richest man and chairman of luxury goods giant LVMH, Bernard Arnault, has officially appointed his daughter Delphine as the chief executive officer (CEO) of French luxury fashion house Dior.

Arnault’s eldest child takes the reins in a further management shakeup, having recently assigned his eldest son, Antoine, to run the family-owned holding company Christian Dior SE.

European Family Office Report: Uncertain times lead to certain measures with an increased focus on private equity

January 16, 2023

Campden Wealth reveals European family offices are proactively adopting inflation-mitigating investment strategies as economic uncertainty looks to continue for the foreseeable future.

After a tumultuous few years and with even more uncertainty set for the foreseeable future, Europe-based family offices are proactively adopting inflation-mitigating investment strategies, according to Campden Wealth’s new European Family Office Report 2022.

FB Roundup: Mukesh Ambani, Vincent Bolloré, Jack Ma

January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

Family Business leadership: lessons learned

January 9, 2023

Mark Essex, course director of KPMG in the UK’s Family Business Leadership Academy, talks about his key learnings from the past 12 months.

Jochen Wermuth: 'We must invest in our future'

January 3, 2023

The chair of Campden Wealth’s ClimateTech Investing Forum 2022 talks about doing well and doing good, long-term vision and the future of impact investing.

An American-born, German-raised investor married to a Russian ecologist with links to global environmental initiatives, Jochen Wermuth is the definition of a planet-first entrepreneur.

Suffering from a talent shortage? Move to skills-led organisation design

January 3, 2023

Employers can’t survive by constantly trying to push square peg employees into round hole positions. Instead, they need to look at what’s available to them in the talent market and conjure up a solution that meets their needs… Make your holes squarer, says Mark Essex, course director of the Family Business Leadership Academy, KPMG in the UK.

“Back in the day” is a phrase my kids use a lot. Of course, they don’t mean the 1980s or even the 20th Century. They mean 2019. “You know, when you used to go to work every day, Daddy”. Leaving aside that working from home is working, there is a truth in what they observe. Especially when it comes to recruitment.

Discover the company committed to building smaller, cheaper and safer nuclear energy for the future

January 3, 2023

Featuring a world-class leadership team, NANO Nuclear Energy Inc. is poised to help advance the way the world utilises nuclear energy.

Next-gen report discovers a generational disconnect in succession readiness

December 20, 2022

The next generation of ultra-high-net-worth family wealth holders overwhelmingly indicate they are ready for succession, according to The Next Generation Of Wealth Holders In The United States 2022, a new report from Campden Wealth and BNY Mellon Wealth Management.