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Middle East Wealth Management Forum 2020 - Highlights - Vinod Krishnan

Vinod Krishnan of Arch Corporation

Jan 31, 2020

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1. What are the opportunities and challenges for this industry in the year ahead?

Video transcript

1. What are the opportunities and challenges for this industry in the year ahead?

The opportunities are, a lot of families now realise that they need to plan ahead in terms of succession. With the challenges of managing, operating companies, and with the potential taxation rate coming through, they need to be well prepared for organised management of family businesses and plan towards succession. The challenges are, given the economies in the region, which include, I manage Saudi, most of the GCC, given where the oil prices are, most of the families are long on assets, but short on liquidity. Their focus is primarily to resolve the liquidity issues now, so most of the other soft issues get postponed. So, that's a challenge. It's timing.

 

 
 
 
 

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