The pains of succession planning in GCC family businesses
Daniel Fleming, Head of Wealth Advisory, Middle East at JP Morgan Private Bank, sheds light on the changing trends amongst family offices and their investment behaviours.
What are the key trends involved when family businesses make investments?
Currently, many family businesses across the region have grown to become conglomerates investing in local real estate and many family businesses’ balance sheets are dominated by this asset class.
There is also a growing trend in investing in assets outside of the region and those assets class tend to fall within real estate in the US, the UK as well as Europe, China, Singapore and Hong Kong. Additionally, there is also an increasing interest in investing in areas like healthcare, hospitality and in some cases the automotive sector as well as a liquid cash investment.
Read it here | Zawya