Banks Expand Succession Programs for Wealthy Families
Heirs of family businesses can now access structured training to better navigate intergenerational wealth management.
Updated on Oct. 25, 2026 in Financial Planning
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UOB Private Bank recently completed the sixth session of its Next Generation Programme, which brought 25 participants from seven markets to China for succession planning training. Held from August 31 to September 4, 2026, the program connects heirs of family businesses with business leaders to help manage intergenerational wealth continuity.
Why it matters
Succession planning is a critical financial hurdle for first-generation wealth creators looking to preserve their assets. By accessing expert networks and educational sessions, participants learn to navigate the complexities of evolving business models and family legacy management.
The sixth iteration of the program hosted 25 participants, aged 20 to 37, representing seven different markets. These participants gain exposure to new business models and technologies as they prepare for intergenerational leadership roles.
The players
UOB Private Bank
A financial institution based in Singapore that provides wealth management and succession services for high-net-worth clients.
Yeo Zong Han
A 28-year-old production manager at Ribar Industries who participated in the recent cohort.
Kristen Geng
A 37-year-old business owner managing a property development company in Australia.
OCBC
A Singaporean bank that provides competitive wealth management and succession-planning services.
Citi
A global banking entity that operates competing succession-planning programmes for family wealth management.
The details
The program connects heirs with business leaders through sessions at institutions like the China Europe International Business School Centre for Family Heritage. Participants gain mentorship on how to modernize operations and manage the continuity of family-owned enterprises. This structured support allows families to bridge the gap between initial wealth creation and sustainable long-term management.
Timeline
The UOB Next Generation Programme was launched in 2020.
The sixth run of the programme took place from August 31 to September 4, 2026.
Money Landscape
Private banks are increasingly formalizing succession education as a standard service for wealthy families. This trend builds on the foundation established by the 2020 launch of the UOB Next Generation Programme, reflecting a broader competitive pivot toward long-term wealth retention.
Wealthy families should evaluate whether their bank offers formal succession-planning education or business heritage sessions as part of their service package. Those planning for intergenerational wealth transfer should consult a qualified financial or tax professional to assess their specific continuity needs.
The takeaway
Intergenerational wealth preservation often requires moving beyond simple asset management to formal leadership training and legacy planning. Review your current financial strategy to ensure you have a designated professional capable of assisting with the complexities of long-term succession.
Further reading
For broader guidance on protecting family assets, see our Financial Planning section.
Source note: This article includes information reported by The Straits Times.
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