Succession Planning And Wealth Transfer In Middle East Family Businesses

Succession Planning And Wealth Transfer In Middle East Family Businesses

Ahmad Chahidi, Executive Director – Wealth Planning, Julius Baer (Middle East) Limited

Ahmad Chahidi, Executive Director – Wealth Planning, Julius Baer (Middle East) Limited

The current pandemic has focused many of our minds on the future and it is fair to say that succession planning and the transfer of wealth form part of almost every conversation we have with family businesses in the Middle East. This is not a new phenomenon. In the last five years or so, there has been increasing recognition that the family business itself may not be the best preserve of family wealth for the generations to follow.

The desire for wealth transition not just to the next generation, but for two or three generations to come, means that many family businesses may have to change their approach and