by Christian Stewart
(this article may be downloaded by clicking here)
HG 9 – The emerging role of the CLO
by Christian Stewart
(this article may be downloaded by clicking here)
HG 9 – The emerging role of the CLOChristian is an independent family advisor based in Hong Kong. He assists family enterprises and family offices in Asia and Australia with family governance, ownership succession, learning & development.
He facilitates family meetings and helps families to form and implement family councils, build collaborative skills, address conflicts and develop their own family governance system. He also acts as an outsourced Chief Learning Officer, assisting with family learning and development.
Christian originally practiced as a solicitor in South Australia, moving to Hong Kong in 1994 and joining PricewaterhouseCoopers, becoming a partner and head of their Trust & Private Client Group. In 2002 he joined JPMorgan Private Bank to head their Wealth Advisory team for Asia, before forming Family Legacy Asia in 2008.
Christian is a Fellow of the Family Firm Institute (“FFI”), and the recipient of the FFI’s 2021 Interdisciplinary Practice Award, and the recipient of the Wealth Briefing Asia 2017 Award for Leading Individual Advisor.
Christian is married and has two daughters and a son. For more information see www.familylegacyasia.com
Scott serves as President of Chai Trust Company, LLC, the private company that administers trusts established for the benefit of members of Sam Zell’s family and that serves as the Zell family office. Equity Group Investments (EGI), a division of Chai Trust Company, LLC, provides investment management services on behalf of the Chai Trust.
He was a Professor of Law at the University of Colorado from 2000-2018, where he focused on bargaining and dispute resolution, transactional law, and the complexities of multigenerational family enterprises. Scott is a regular speaker about family offices, private trust companies, and intergenerational leadership. He maintains an active website about such issues at www.scottpeppet.com.
James (Jay) E. Hughes, Jr., Esq.
Mr. Hughes, a resident of Aspen, Colorado, is the author of Family Wealth: Keeping It in the Family, and of Family – The Compact Among Generations, both published by Bloomberg Press, and is the co-author with Susan Massenzio and Keith Whitaker of The Cycle of the Gift: Family Wealth and Wisdom, The Voice of the Rising Generation, and Complete Family Wealth, all published by John Wiley & Sons and is a co- author with Hartley Goldstone and Keith Whitaker of Family Trusts: A Guide to Trustees, Beneficiaries, Advisors and Protectors. In addition, he has written numerous articles on family governance and wealth preservation and a series of Reflections which can be found on his website jamesehughes.com.
He was the founder of a law partnership in New York City specializing in the representation of private clients throughout the world and is now retired from the active practice of law. Mr. Hughes was a partner of the law firms of Coudert Brothers and Jones Day. He is a current active Fellow of Wise Counsel Research Foundation a Boston based think tank providing qualitative advice to families who seek to avoid the shirt sleeves proverb and to help their families flourish.
He is a member of the Advisory Board of Arlington Partners, the Chair Emeritus and Chair of Distribution and Beneficiary Life Enhancement Committee of Lineage Trust Company, a Fellow of the Family Firm Institute, a member of the Society of Trusts and Estates Practitioners, Founding Member of the Collaboration for Family Flourishing, a Laureate of the Purposeful Planning Institute, Director of the Learning Courage Foundation, Standing Committee Member of the HS2 Foundation, Emeritus Trustee of The Far Brook School, Emeritus Trustee of Prescott College, former Trustee of the Albert and Mary Lasker Foundation, Board Member of the Hemera Foundation, and Board Member of the Robert H N Ho Family Foundation.
He has spoken frequently at numerous international and domestic symposia on the avoidance of the “shirtsleeves to shirtsleeves” proverb and on the dynamic growth of families’ human, intellectual, social, spiritual, and financial capitals toward their families’ flourishing.
He has authored various Forewords to multiple published works on families and their flourishing and has been cited in the New York Times, the Wall Street Journal and various professional journals. He is a member of boards of various private trust companies, an advisor to numerous investment institutions, and a member of a number of private philanthropic boards.
Jay is a graduate of the Far Brook School (Class of 1956) which teaches through the Arts, The Pingry School (Class of 1960), Princeton University (Class of 1964) and The Columbia School of Law (Class of 1967). He is a counselor to the Family Office Exchange and recipient of its Founder’s Award, the recipient of the Private Asset Management Lifetime Achievement Award, the Ackerman Institute Family Partner Award, and the Family Wealth Report Lifetime Achievement Award.
In 2021, The James E. Hughes, Jr. Foundation (JEHJF) was funded, in Jay’s honor and as a gift to him, to advance the field of family wealth management and generational well-being. Rooted in Jay’s landmark Five Capitals research, the JEHJF is designed to spread the spirit of Jay to as many individuals that have this desire.
Kenneth H. Polk is the founder and Chief Executive Officer of Arlington Family Offices, a family-led, legacy-focused boutique firm serving a select group of multi-generational families. Prior to founding Arlington, Ken was a tax consultant with Deloitte where he worked with families and their closely held businesses. Ken graduated from Lipscomb University with a degree in accounting. Before graduating college, he attained the investment securities license. He is a Certified Public Accountant (CPA) and a Certified Financial Planner (CFP®).
Ken is a member of Young President’s Organization (YPO) and Tiger 21. He serves on the Board for two non-profit organizations focused on leadership development. Ken is married and has four children.
Mary’s experience spans a breadth of family wealth disciplines. She is an expert in cross-border and inter-generational transfer of wealth strategies, fiduciary practices, philanthropy, family office solutions and succession planning and governance for families and their businesses.
Currently serving a small number of private families as an independent advisor, she draws on over 25 years of experience as a family office executive, attorney, accountant, investment advisor, board member, trustee, and banker. She works with families and their advisors as they navigate the challenges of successful wealth transition.
Mary is an author and public speaker, often quoted in Barrons, Financial Times, Forbes, The Economist, New York Times and Worth on topics relating to family wealth management. She has conducted next generation and family programs in Europe, the Middle East, Latin America, Asia and the Americas.
Previously, Mary headed two private family offices involving prominent families and significant owned operating companies. She practiced law, specializing in closely held corporations, estate planning, real estate and tax, and was a financial services consultant with Arthur Andersen & Co (now Accenture). She is a licensed attorney and certified accountant.
Mary is an avid squash player. She and her husband Richard live in Bronxville, NY, and have three adult children.
Advisor, consultant, and speaker to legacy families, family offices, and multigenerational enterprises, Peter Evans helps to create the conditions where affluent families have the greatest chance of flourishing. He has worked with and presented to hundreds of families at family business gatherings and conferences in the USA, Canada, Dominican Republic, Switzerland, England, Spain, Saudi Arabia and Dubai.
Peter’s primary engagements are long-term as a personne de confiance, helping legacy families sustain their family and business relationships for many generations. This work is in four areas: growing the human capital of the family by investing in the personal development of the next generation; a robust governance system, clear succession plans and successful decision-making; investing in the organization’s social capital by building traditions of civic contribution, family philanthropy, and maintaining social and political connections; and finally, ensuring wise stewardship of the financial capital of the enterprise.
For 26 years, Peter was involved in many facets of Laird Norton Company LLC, a 7th generation family enterprise. He concluded his tenure as President in 2003. His responsibilities at Laird Norton included the stewardship of the long-held values and traditions of 400+ family members’ financial, intellectual, social and human assets. He remains a member of the family and company.