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Daughters giving primogeniture the boot, new report says

October 29, 2014

Primogeniture is no longer the norm when it comes to succession planning, a new family business report reveals, with daughters and younger siblings worldwide increasingly taking up executive positions.

On the road with Danielle Ryan

October 24, 2014

Her family’s business changed the world of travel, but while the rest of the clan have their sights set on the skies, Danielle Ryan is taking the road less travelled with her new luxury publishing, film and fragrance business.

A business focused on luxury and culture might seem at odds with the ethos of Irish budget airline Ryanair, but that is the path one of the former family business’s next gens has set out on. Ryanair, founded in 1985 by Tony Ryan with the support of his three sons, made regular holidays abroad achievable for middle and lower income households, while turning the Ryans into one of Ireland’s wealthiest families. It is notorious for its no-frills service.

Third-generation twins join India’s Reliance Industries

October 13, 2014

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

Their father Mukesh Ambani is chief executive of the family-controlled business, which had revenues of $75 billion (€59 billion) in the last financial year.

The 23-year-old twins will each become directors of Reliance Jio Infocomm and Reliance Retail Ventures.

Invest in your children

September 25, 2014

Most wealthy parents do not prepare their children for the responsibilities of their future inheritance. Nicholas Moody digs into the findings of a four-year study into wealthy Dutch families that reveals how to reverse this trend

Wealth has many unintended consequences and trying to minimise the impact of wealth on the next generation of inheritors has been the goal of a four-year project for Raimund Kamp and Marijke Kuijpers, founders of Guidato Family Office.

Fourth gen succeeds father at office supplier Fellowes Inc

July 29, 2014

John Fellowes II has this month become the fourth generation to run his family’s eponymous office products company, following his father’s retirement.

John Fellowes II has this month become the fourth generation to run his family’s eponymous office products company, following his father’s retirement.

Based in Illinois, US, Fellowes Inc, started in 1917 as a supplier of office storage boxes, three years after the US passed legislation requiring businesses to keep written records for tax purposes.

Claire Williams: Moving up the grid at Williams F1

July 24, 2014

Williams F1 and its founder, Sir Frank Williams, have become icons of British motorsport, but now his daughter is on track to take the wheel.

This is an edited version of a profile that originally appeared in the Spring 2014 edition of CampdenFB.

Motorsport and sustainability might not seem likely bedfellows, but this year Formula One is going greener than it’s ever been before. Claire Williams, whose upbringing was steeped in Formula One history and who was last year appointed deputy head of the Williams F1 team, says the motor-racing championship needs to change with the times.

Four sisters’ promotions at Apollo Hospitals signal growth plans

July 15, 2014

Apollo Hospital Group’s promotion of four second-generation sisters to key executive roles signals the family business is preparing for entrepreneurial activities, a family business academic says.

Apollo Hospital Group’s promotion of four second-generation sisters to key executive roles signals the family business is preparing for entrepreneurial activities, a family business academic says.

This month, Dr Prathap Reddy, 80, founder and chairman of the Indian healthcare giant, announced Preetha Reddy, 56, already anointed his heir apparent, would have expanded duties under her new role as executive vice-chairwoman.

Millennials favour impact investing, real assets

July 2, 2014

The number of Millennials that own or employ socially responsible investments is significantly higher than in any other age group, according to a study that explores family dynamics in wealthy families.

US Trusts’ Insights on Wealth and Worth 2014 found that 63% of Millennials, those born between 1980 and 2000, own or are interested in socially responsible investments compared with 40% of Generation X.

Generation X is defined as people born between 1960 and 1980.

Safeguarding society

June 3, 2014

Setting up a new microfinance division at her family’s Lebanon-based insurance business, Commercial Insurance, gave third-generation Coralie Zaccar a golden opportunity to combine her financial background with her passion for social entrepreneurship, making sure even the poorest in society have a safety net.

Khaled Said: puzzles and passion

March 6, 2014

The Saïd family made its fortune in large infrastructure projects in the Middle East, but second-generation Khaled Saïd realised early on it was overseeing the family’s portfolio that he had an eye for. He talks to CampdenFB about finding his feet as an entrepreneurial adviser

As a boy growing up in the UK, Khaled Saïd loved puzzles, maths and “figuring things out”. His father, Wafic, had made much of his fortune building significant infrastructure projects in the Middle East during the 1970s and 1980s. But Saïd, 38, had always been interested in the portfolio side of Saïd Holdings, which his father founded in 1987. Solving where he could fit into his family’s business was one more puzzle he had to “figure out”.