As the Middle East, along with the rest of the world, is in COVID-19 lockdown, succession planning is understandably weighing heavily on people’s minds, compounding the pressures already created by evolving international regulation and disclosure requirements.
Now is the time for strong leadership in an otherwise uncertain world. From my experience in the Middle East, these important matters are traditionally kept in-house with locally based family offices and their long-standing advisers. However, for high-net-worth individuals with assets in multiple jurisdictions who want to safeguard them for the next generation and beyond, now may be an opportunistic time to lean on international expertise – in tandem with key personnel already in their team.
In my new article published by the Arab Bankers Association, of which IQ-EQ is a corporate member, I explain why global expertise and presence can help protect family wealth for generations to come. Click below to read: