drbubb Posted March 19, 2015 Report Share Posted March 19, 2015 TRUSTEES : Reeling in the Wealth (to manage) Here's how one of the "big boys" does it: + Appealing to Fear + Citing their heritage (I noticed these characteristics in a rare ad placed by Swiss Private banker, Edmond de Rothschild in one of the HK newspapers today); Edmond de Rothschild helping to build family legacies in Asia Monique Chan, CEO and Head of Asia of Edmond de Rothschild Group "There has long been a Chinese saying that wealth does not make it to the third generation. But one needs to look no further than the Rothschild family in proving this myth wrong. The legendary European family, whose heritage dates back more than 250 years, continues to build an enduring legacy driven by entrepreneurial spirit, long term vision and commitment to its family's values." + Founded in 1953 by Baron Edmond de Rothschild and based in Geneva + Chaired since 1997 by Edmond's son, Baron Benjamin de Rothschild, with his wife Ariane de Rothschild recently appointed as chairwoman of the Executive Committee "In an industry that is constantly changing, clients appreciate our stability" In Asia, it is estimated that 80 percent of the wealth in Asia will be passed to the next generation in the next 15 years. Much of this wealth is in the hands of the first generation... a wealthy family looks for ways to transfer wealth to future generation, while: + being confident to next generation is ready + perpetuating family values + receiving the support they need to be successful Self-made entrepreneurs have created the bulk of the wealth in Asia... and two-thirds of of Asian businesses are family owned - so it is "not surprising that they turn to the (Rothschild) family group for advice and guidance." Rothschild: "They respect our long term wealth generation of the Rothschild family wealth, and they want us to do the same for them." In 2013, the Edmond de Rothschild Foundations created ERFIP (Empowering Families for Innovative Philanthropy), a platform that brings together a select group of private philanthropy annually from Asia, the Middle East, and Africa to share best practice and enable peer-to-peer learning in ways that go beyond Western philanthropic practice. Held at the Domaine du Mont d-Arbois - the Rothschild owned resort nestled in the slopes of Megeve in the French Alps. Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now