Supporting families across generations

Supporting families across generations

The opportunity: An elderly Hong Kong patriarch wanted to make sure that the family business would remain in trust for the benefit of future generations. Nobody in the family knew of the trust’s existence, and he continued to be the sole director.

Our solution: We designed a family governance framework – covering everything from wealth management to shared values – to foster unity and enable wealth transfer across generations. The work took five years, during which we were able to convince the client to involve the whole family and to explore ways of safeguarding family business ownership and management.

Outcomes: When the patriarch passed away in 2012, the years spent working with the family began to prove their value. The family supported our governance proposition, which will ensure that the patriarch’s legacy is fulfilled and that the family continues to thrive.