Wealth Management, Family Governance and Succession Planning: Addressing challenges for family owned businesses in the UAE

RSM Dahman, accounting and auditing firm based in the UAE and a part of RSM International, announced a strategic partnership agreement with Eureka Financial Ltd, a leading wealth management and financial training organisation from the UK to educate and help family business owners across the UAE and the region with Managing the Family Office and Enterprise.

Family owned businesses form the majority of businesses in the region and in the UAE. With the second and third generation starting to get active in the family businesses, the challenges of governance structure, succession planning and growing number of family members are just a few of the many challenges faced by family business owners. ‘Managing the Family Enterprise’ workshops, in partnership with Eureka Financial Ltd. and Habib Al Mulla Group, were organized to treatise these challenges in the Arab business world.

“We recognize the need for a multi-disciplinary approach and we hear the problems faced by our clients and by family businesses in the region. We felt a pressing need to address these issues and hence we have partnered with Eureka and brought in Bill Humphreys to spearhead the workshop and to educate the audience in the UAE” said Mr. Dahman Awadh Dahman, Founding Partner of RSM Dahman.

Addressing some of these issues, Bill Humphreys, financial trainer and Managing Consultant at Eureka Financial Ltd. said, “Family businesses are complex systems involving three independent but overlapping sub-systems, family, business & ownership. The family businesses will become increasingly complex over time as the self-interests of the different stakeholders diverge.”

The ‘Managing Family Enterprise’ workshops were attended by leading first and second generation of family business owners in the United Arab Emirates.

Join our popular Managing Family Office & Wealth course available virtually or in-person, in Mayfair,, London. The course can be also delivered in any location worldwide – contact us to discuss your requirements. 

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