The family consilium Asia

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We have great pleasure in introducing this summary of the proceedings of our Sixth Family Consilium, the second in Asia, here in the historic city of Hangzhou, an outstanding centre of culture and one-time capital of the Southern Song Dynasty. In some ways we were fortunate to be able to open without mishap, having already had to postpone from March owing to
an outbreak of avian flu in the Shanghai region. And then, on the verge of opening, typhoon Usagi struck Hong Kong and the Chinese mainland, which probably accounted for the heavy rain!

Still, we gathered here, 60 guests, 24 families from across Asia, Europe and Latin America, many with two generations, to experience the special atmosphere of the Consilium.

This is not a classic investment conference. Our intention has been to bring together like-minded people in a spirit of openness and informality, to inform, entertain and discuss things that matter to wealthy families.

To do that we have a group of specialists – experts in their field – from both Pictet and from outside. We begin with a look at the impact of China’s transformation on Asia and the rest of the world. Then we consider more closely global macroeconomic trends and opportunities, before listening to fascinating stories of business- building from Asian and Western family business leaders.

Later on we move away from business to hear about how to build a great art collection. On the second day, the focus is on investment and then on an in-depth examination of the challenges of global business families, before wrapping up with a session on the governance and management of family enterprises. On the last morning we have a special coaching session for the next generation.

We very much hope you will find this summary both fascinating and worthwhile reading.

Nicolas Pictet & Philippe Bertherat
Partners of Pictet & Cie