Mr. Anthony Raja Devadoss, SHRM-SCP, SPHRi serves as Managing Director and Regional Head of APAC at Persolkelly Consulting, a Career Partners International firm. Mr. Devadoss previously served as VP of APAC with KellyOCG. He holds memberships in various local and international associations such as MIM, Human Capital Institute, and is a chapter board member of the HROA APAC. He has received his bachelor’s degree in Science, MBA in Marketing, and a postgraduate diploma in Computing.
Wealth transfer and wealth preservation are critical topics for discussion on a global basis. In Asia, succession planning has been ranked among the most important issues faced by family-controlled business, with over $16 trillion of wealth to be passed onto future generations in the next three decades. According to the Family Business Institute, only 30% of family-owned businesses last into the second generation, with 12% remaining viable into the third generation. Proper succession planning is essential to ensuring continued growth of family-owned businesses.
“Managing the complexities of succession planning isn’t just about transferring assets, though that can be complicated enough with business structures that cross national and international borders. There are also convoluted inheritance laws and regulations, in addition to entangled family structures, that can be challenging to unpack. Having a thorough plan in place that can be executed with precision when necessary can help parties avoid conflict, legal battles, asset depletion, and many unfavorable situations,” explains Mr. Devados.
Mr. Devados will be presenting at the SHRM Conference in Chicago on Monday, June 18th, 2018 from 2 PM to 3:15 PM. Attendance qualifies for 1.25 SHRM PDC’s.