Insights on transitions within family offices
Family Business Stories E24
In episode 24 of our Family Office Podcast, PwC’s Lisa Cornwell talks to Gilles Erulin, a longstanding family office practitioner and founder of Westwick Melrose & Cromwell (WMC) supporting families with family offices in managing extraordinary situations. Among other things, they look at Gilles’s learnings from decades of experience working in the family office of a billionaire businessman and his children – including the challenges of succession in a wealthy business-owning family.
A lot of family offices are well equipped to run their ordinary business. It’s when something suddenly pops up or starts nagging the family that they may not have the team in place to deal with the situation. In these circumstances, helping the family in navigate the challenges of a merger or acquisition in an unfamiliar jurisdiction is key. We talk about the challenges of ensuring proper corporate governance in family offices without detracting from the uniqueness of the family itself – in other words, preserving the family’s right to be different.
Is your family facing a major transition or an extraordinary situation? Check out the podcast to find out how experienced practitioners can help you negotiate circumstances that depart from daily business.
