BNP Paribas Launches 4-Day Hong Kong Program for 60 Young Heirs as Asia Succession Gaps Persist
Updated
Updated · finews.asia · Aug 18
BNP Paribas Launches 4-Day Hong Kong Program for 60 Young Heirs as Asia Succession Gaps Persist
2 articles · Updated · finews.asia · Aug 18
Summary
More than 60 participants aged 18 to 25 from seven Asian markets joined BNP Paribas Wealth Management’s inaugural “Peak Week” in Hong Kong on Aug. 11-14, extending its NextGen outreach to heirs earlier than before.
The push targets a succession readiness gap: 44% of APAC family offices without a formal plan say the next generation is not sufficiently qualified, while 38% cite successors’ young age, according to BNP Paribas’ Asia Pacific Family Office Report.
The four-day program broadened beyond traditional wealth topics, covering macroeconomics, asset classes, legacy planning, personal branding, luxury and the Asian art market.
A “Future Economy Challenge” had participants pitch business ideas in travel, caregiving, retail and dining, reflecting private banks’ growing focus on heirs as future entrepreneurs as well as future asset owners.
Peak Week adds to BNP Paribas’ Asia NextGen platform, whose main regional program is entering its 19th year, underscoring how private-bank competition for Asia’s future wealth holders is moving further upstream.