Dr. Tew, a practitioner in Banking and Wealth Management fields shared his 40 years’ experience and knowledge to the students of XMUM recently on the topic “Family Trust and Wealth Succession Planning”.

Based on Dr. Tew’s sharing, he mentioned that trust, is an instrument used to confidentially and smoothly transfer assets, liquid and illiquid assets, of the owner or settlor to the name beneficiaries or charitable organizations.  Trusts have these features only in Common Law countries and jurisdictions, such as Great Britain, The Channel Islands, Gurnsey, Cayman, British Virgin Island, Switzerland, Liechtenstein, Hong Kong, Singapore and Malaysia. 

Succession Planning is a very important vehicle used to plan for the transfer of assets, family values, business and personal goals and intention to the future generations. It uses trust as one of the tools for the future planning or distribution of private assets.  It involves many other tools to complete the planning process for family business.

During the talk, Dr. Tew shared numerous practical cases and experience on Will, Trust and the importance of private wealth succession planning, as well as the failures and family squabbles among siblings for not doing so by several HNWIs (High Net-Worth Individuals) and families in the Asia Pacific region.  Real life cases are eye-openers for the students and attending professors.

Dr. Tew has a B.Sc. (Hons) in Physics, an MBA in Finance & International Business, and a DBA degree, specializing in Private Wealth Succession Planning in China.  He is now an author, financial consultant, advisor and trainer. He has conducted Private Banking, Wealth Management & Trust trainings and seminars in Hong Kong, China, Macau, Singapore and Malaysia. Dr. Tew has also donated 4 copies of his published book titled “Private Banking & Wealth Management in Asia – An Insider Perspective” to the library of Xiamen University Malaysia.