Lombard Odier Middle East study: succession planning shortfalls emerge in next generation wealth transfer
Lombard Odier Middle East study: succession planning shortfalls emerge in next generation wealth transfer
key takeaways.
- New research from Lombard Odier reveals that fewer than 1 in 5 family businesses in the Gulf region have a comprehensive succession plan in place, with intergenerational frictions cited as the main reason
- The next generation favours a different approach, with 79% of those surveyed stating their intention to change from their parents’ wealth advisor
- 96% of older and 93% of younger respondents are confident in the next generation’s leadership, yet formal governance structures remain limited
- 80% of HNWIs with a family business also have a family office, signalling an increasing interest in more complex and sophisticated wealth management.
Lombard Odier’s new Middle East study reveals that fewer than 1 in 5 family businesses in the Gulf have a comprehensive succession plan in…
Lack of sense of urgency
Confidence without structure
related content.
our private banking and wealth management expertise in the middle east.
learn moreNew generation, new vision
Evolving expectations for wealth advisors
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