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‘We’ll figure it out later’ is the biggest mistake in family wealth handovers
A big shift is under way as Asia’s first-generation tycoons step back. Successful handovers call for more than setting up legal structures.
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Wealth in Asia is still concentrated in the hands of first- and second-generation founders.
ST PHOTO: LIM YAOHUI
Christos Anagnostopoulos and Xin Yee Tay
In a private boardroom in Singapore, a second-generation business leader sits at a crossroads. Her father built a logistics empire from the ground up, but now, as she oversees the family’s business, the future feels uncertain. Her siblings, each managing a piece of the family wealth, pull in different directions. Her children, scattered across Australia, the US, Hong Kong and Singapore, envision different futures.
At the centre of it all is their family office: a hub for their assets, but not yet their alignment. The question looms – how can this family maintain its legacy without losing itself?
