Independent Wealth Management Forum 2019 HK - Exclusive Insights - Peter Golovsky

Peter Golovsky of Cone Marshall

Oct 28, 2019

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1. What new structures are in favour, and how are clients simplifying their existing structures?

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1. What new structures are in favour, and how are clients simplifying their existing structures?

From a China private client perspective, and when you look at the largest contributor to growth in China, which is the family business, we're on the cusp of what I refer to as the largest intergenerational wealth transfer between the first and second generations of running these family and private businesses in China. What that means is that these families, these clients of ours, are looking for ways of managing succession and governance. This is where structures that are evolving from this wealth transfer from a family office or private trust company perspective play a key role.

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