Next generation Seminar
This Pictet Briefing presents the highlights from Pictet’s Next Generation 2012, the first of its kind, which the Bank held for the younger generation of investors in late August in Geneva.
The idea was to give the younger generation a broad understanding of investment issues as a background to the choices they might be making in considering a new career, going into a family business or becoming involved in investment schemes focused on either business or social causes.
Even though the challenges are clearly different for each generation, exchanging ideas and opinions with like-minded members of the same generation and also with other generations can prove particularly valuable. Moreover, managing the transition from one generation to the next and the issues associated with succession planning and entrepreneurship lie at the heart of Pictet’s own experience.
While the first day focused on family governance and wealth/succession planning, Day Two was dedicated to an introduction to finance and wealth management. All topics were addressed through theory, but then followed by extensive group work allowing lessons to be put into practice, including a visit to the Pictet trading floor. Throughout the seminar, Pictet’s investment specialists accompanied the group in their learning and reflections.
The last day focused on alternative assets and business ventures, with views from leading investors and young, successful entrepreneurs active in emerging technologies and luxury fashion brands. Also part of the programme was a tour of the Pictet art collection with curator Loa Pictet, as well as a discovery tour of Chopard followed by a discussion panel on family enterprises.