Throughout the recent financial crises affecting the West, wealth has continued to grow in the Asia-Pacific region, particularly in East Asia and India. Latin America and Africa are also jurisdictions where personal wealth is growing rapidly. However, the significant factor with wealth in Asia, as in the Middle East, Latin America and Africa, is that the vast majority remains concentrated in the hands of first-generation wealth creators. In Asia, a very significant proportion of that wealth is likely to be transferred to the next generation within the next 10 years.
December 05, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Succession planning is becoming increasingly important in Asia and other emerging markets as first-generation wealth creators prepare to hand over the reins to their heirs, say Nicholas Jacob, Zac Lucas and Rose Chamberlayne
Throughout the recent financial crises affecting the West, wealth has continued to grow in the Asia-Pacific region, particularly in East Asia and India. Latin America and Africa are also jurisdictions where personal wealth is growing rapidly.
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