The white paper delves into the succession planning of over 220 high-net-worth individuals and families in Singapore and the ASEAN region.

Key Takeaways

• The Massive Wealth Transfer: Asia's share of global private wealth has grown from  to  over the last 25 years. Passing these assets down smoothly is now the defining test for Asian family enterprises, as over 40% of regional businesses remain founder-led.

• Generational Ideological Divides: The transition involves more than just passing down the wealth. While founders heavily prioritize business continuity and legacy, the Next Gen leaders increasingly focus on decoupling the family from the business, exploring emerging asset classes, and integrating professional management.

• Key Risk of Scattered Ownership: A major threat to succession is fragmented ownership, which can undermine business continuity. The report stresses the need for structured governance (like family charters) and careful ownership structuring to ensure fairness and control