Family businesses well-placed to ride out downturn

A Barclays Wealth study shows that family business leaders are thinking about recruiting top talent from outside the family and have long-term goals in mind.

A report titled Family Business In Safe Hands published yesterday by Barclays Wealth and the Economist Intelligence Unit EIU, suggests that family business leaders have leadership and investment values that may position them well to ride out the economic downturn. Given their significant role in Asia's economy -- this is good news.

The report is based upon research from a global survey of more than 2,300 mass affluent people defined as those with up to 1 million in investable assets, high-net-worth individuals with up to 10 million in investable assets and ultra high-net-worth individuals with up to and in excess of 30 million in investable assets and a series of in-depth...

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