The generation game – the benefits of succession planning in Asia and emerging markets
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.
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
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now