Dubai: The Dubai Centre for Family Businesses, under Dubai Chambers, recently hosted an event in its 'Governance Series,' focusing on the Wilsdorf family's legacy and wealth management strategies. This session provided insights into how the family of Hans Wilsdorf, founder of the renowned watch brand Rolex, has preserved their values and wealth across generations.
According to Emirates News Agency, the event was attended by 28 representatives from family businesses in Dubai and featured Dr. Moritz Kbel, CEO of Perpetual, the Wilsdorf family's independent investment arm. Dr. Kbel highlighted the role of Perpetual in maintaining the family's legacy, which spans more than a century. He emphasized the significance of upholding family heritage, establishing strong governance frameworks, and ensuring the transmission of core values across generations. Additionally, he discussed strategies for building a sustainable family legacy that protects values and ensures long-term wealth continuity.
Dr. Kbel also delved into Perpetual's investment philosophy, explaining how the family office strategically invests across a diverse range of asset classes, with a focus on private markets. His discussion highlighted the necessity of sophisticated financial stewardship and governance structures to transition from business success to enduring family capital.
The Governance Series is part of the Dubai Centre for Family Businesses' initiatives to support family enterprises. It includes educational seminars on critical topics such as legal frameworks and governance structures, essential for effective succession planning, long-term business success, and regulatory compliance. This series allows participants to learn from other family businesses' experiences and strengthen their own organizational frameworks.
Aimed at empowering family businesses in Dubai, the Governance Series addresses common challenges, fosters operational growth, and encourages networking and knowledge-sharing among local, regional, and international family enterprises. It also provides a platform to present multi-generational success stories and gain insights from real-world experiences.