The rise of the next generation, their needs, aspirations and sustainable plans

As the oft reported transfer of US$15 trillion worth of wealth gathers pace in Asia, family offices, more than ever, are paying particular heed to what they require from their relationships with private banks. What are their philanthropic endeavors? How do they cope with the increasing complexities of wealth management and how do they address the issue of family legacy? Added to this, the topic of ESG adds pressure to an increasingly environmentally aware generation about to take the helm of the family business. Indeed, this pressure is felt across the entire private wealth management industry. More pressure to provide relevant products, more pressure on the marketing and communication of ESG progress, and more pressure on accountability. But how far is ESG truly understood across a company structure? Are these pressures translating into changes within the industry that embrace the principles of ESG or are we still playing catch-up? In this session, we’ll take a look at some of the misconceptions surrounding ESG adoption and investments simultaneously exploring consequent implicit changes, and changes still to come in respect of product-led, client-led, or company led-ESG excellence.