Learning from Stanley Ho's woes

Ravi Raju, Deutsche Bank's head of private wealth management for Asia-Pacific, talks about the importance of succession planning and privacy, and offers advice for investing in the current market environment.
Ravi Raju, Deutsche Bank
Ravi Raju, Deutsche Bank

What can Asia’s rich learn from the mess of the Stanley Ho saga and some of the region’s other notorious family splits
The high-profile succession cases that you refer to are merely the tip of the iceberg. In the next 15 years or so, we will see a very significant transfer of wealth in Asia to the next generation and the vast majority of families are not fully prepared for this.

Almost without exception the cases to which you refer generally do not appear to have used the sophisticated succession planning tools that are provided by private banks and that are available to their clients. The succession planning...

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