The Roger King Center for Asian Family Business and Family Office successfully conducted the third module of its signature program “HKUST Global Family Leader Succession Program: Single Family Office – The Powerful Tool for Succession” on Nov 14-16, 2024.
Led by the center’s Director, Prof. Winnie Peng and Senior Advisor, Prof. Roger King, family office scholars and prominent family leaders formed up a distinguished faculty and speaker team. It provided original research and case studies that address the practical issues of Asian family offices. Topics covered included investment strategies for single family offices in Hong Kong and Mainland China, family succession, family values, impact investing, family philanthropy, professionalization in family offices and art collection.
The program attracted family business and single family office owners from a diverse industry background, along with their family members and executives from Hong Kong SAR, Mainland China, Japan and more.
A third-generation participant from an esteemed Hong Kong family highlighted, “I really enjoyed the program and found the messages to be overall very helpful and inspirational. I have attended a number of other training programs, such as those provided by top universities in the U.S. In my opinion, those programs spent too much time dealing with the more technical aspects. I appreciated how much your program focused on the people, how to embrace the diversity within families, and how to align values and interests across generational and cultural divides. ”
A founder of a Mainland family business stated, “The program helped me fill in gaps in my understanding of our family office. The principle of moving from a family business to a family office was reinforced through case studies and best practices. One valuable takeaway for me was the suggestion that the family office is as much about managing the family as it is about managing the wealth.”
The Center will continue offering different modules with different topics in family businesses and family offices.
