Asia's wealth at risk from succession gaps, over-concentration: HSBC
The same entrepreneurial drive that built Asia's vast family fortunes is now its biggest vulnerability, a new HSBC report warns, citing a dangerous lack of diversification and formal succession plans as critical threats to long-term survival.
The very instincts that helped build vast family fortunes across Asia could now pose the greatest threat to their survival, according to a new report from HSBC Private Bank. The study, titled "Wealth in Asia: The Next Challenge," identifies three key risks that could derail the region's soaring wealth story.
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