BRANDED CONTENT
BT Podcasts
Published: SEP 27, 2024
Asian wealth management – succession planning strategies
This episode was brought to you by
ANGELA KOH
HEAD OF WEALTH PLANNING AND FAMILY OFFICE ADVISORY, UOB PRIVATE BANK
IN 2023, Asia saw a record increase in the number of wealthy families. As these families seek to institutionalise the management of their wealth, it's crucial to understand the implications and strategies behind these efforts.
Our latest podcast episode, hosted by Howie Lim from The Business Times, dives into this subject with expert guest Angela Koh, head of wealth planning and family office advisory at UOB Private Bank.
Here are some compelling reasons to listen to this insightful episode.
Angela Koh brings a wealth of knowledge and experience in wealth management and family office advisory. She discusses the critical importance of succession planning for long-term business success, emphasising the need to ensure continuity and stability during leadership transitions.
Whether you are part of a family business
UOB Private Bank
Succession Planning
Family Office
Produced by: Howie Lim, Claressa Monteiro & Chai Pei Chieh Edited by: Howie Lim & Claressa Monteiro
BTVisual: TEOH YI CHIE
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or simply interested in wealth management.
Understanding complex family dynamics
Family businesses face unique challenges, particularly when it comes to succession planning. Angela explains how personal dynamics, cultural values, and an often informal operational structure can complicate leadership transitions. This episode offers a deep dive into these complexities and provides listeners with practical advice on navigating these challenges.
Creating a sustainable legacy is more than just financial success - it involves aligning family members with a clear vision, values, and social impact. Angela highlights the significance of strong governance structures such as family councils and advisory boards. She also stresses the importance of preparing the next generation through financial literacy, leadership training, and involvement in decision-making processes early on.
Sophisticated wealth management tactics
Angela discusses various sophisticated wealth management strategies employed by UOB Private Bank, including estate and succession planning, trusts, family offices, wills, and powers of attorney. She also touches on tax optimisation and structuring, which are crucial for globally connected families. This section of the podcast is a must-listen for anyone looking to preserve and grow their family wealth.
Angela shares real-world examples of families who have successfully navigated the challenges of wealth management and succession planning. These stories provide listeners with practical insights and inspiration for their own wealth management journeys.
Actionable advice and tips
Throughout the episode, Angela offers actionable advice and practical tips for families looking to institutionalise their wealth management practices. From the importance of early planning to the benefits of having a well-crafted will and trust, listeners will walk away with concrete steps they can take to ensure the long-term security and prosperity of their families.
Expertise from a trusted institution
As part of UOB Private Bank, Angela Koh brings the full suite of expertise and resources from one of Asia's leading financial institutions. The podcast provides a unique opportunity to gain insights from a third-generation-owned financial institution that understands the nuances and challenges of managing family wealth across generations.
Don't miss out on this opportunity to learn from the best in the field and to equip yourself with the strategies you need to ensure your family's long-term success.
Do note: The material contained in this podcast is intended for information only and does not constitute recommendation or advice as it does not take into account personal objectives, specific goals or financial situation. UOB does not accept any responsibility for any loss or damage caused by any use of or reliance on the opinions or views expressed in this publication which may be subject to change due to dynamic market conditions.
For more episodes, go to bt.sg/podcasts and if you have feedback or an episode idea, please get in touch at btpodcasts@sph.com.sg.
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