We all aspire to have harmonious relationships, whether in business or our personal lives, but this isn’t always the case.

Conflict is commonplace in business. It is very often due to a lack of communication and transparency in the business relationship, or a strong contrast of views on appropriate business direction.

With the Great Wealth Transfer in motion – which will see the next generation of wealth owners inheriting an estimated US$15 trillion by 2030 – it is vital for UHNWIs, businesses and families to have effective plans in place to preserve their wealth, protect their assets and ensure robust corporate and family governance. For advisors, actioning these plans will deliver the foundations and framework to maximise the potential for family or business clients, deliver certainty of direction, support better outcomes, and help in mitigating internal conflict.

This session brought together a diverse panel of international experts who offered insights into why conflict occurs, explored the granular details on what advisors must do to mitigate conflict and when it does go wrong, how to manage those difficult situations.

A copy of the Global Jersey presentation slides can be found here.

Watch this session on-demand here:

Video: Global Jersey: International Perspectives - Positive Solutions - Resolving Conflict in the Private Wealth Sector | Est time to watch: 1 hour | Sound: Yes | Mute all videos
Speakers

Robert joined Jersey Finance as Business Development Director following three years with Ocorian Limited in Jersey. Born in Dublin, Robert has over 13 years’ financial service experience in Jersey.

Prior to Jersey Finance, Robert was employed as a Client Director in the Alternative Investment Division of Ocorian Limited. Previous to this he spent eight years with Garfield-Bennett Trust Company and two years with the TMF Group. Robert has extensive experience within the private wealth, real estate and private equity sectors and has held executive director roles on a number of complex portfolios with varied administrative and regulatory requirements. Professionally he is a member of the Society of Trust and Estate Practitioners (STEP) obtaining the Diploma of International Trust Management, entitling the TEP designation.

Sevyn Kalsi

Sevyn Kalsi Senior Counsel, Walkers

Sevyn Kalsi is a private wealth specialist experienced in advising corporate trustees, settlors, beneficiaries, families, HNWIs and intermediaries on matters relevant to Jersey trusts and foundations. Sevyn, a Senior Counsel in Walkers' Jersey Private Capital and Trusts Practice Group, also advises on the establishment and ongoing administration of private wealth structures (including family offices and private trust companies) as well as on charitable and philanthropic structures. He has been practising for more than 15 years in the private wealth sphere and worked in London before moving offshore in 2014. Sevyn regularly works alongside colleagues in Walkers' Investment Funds & Corporate and Insolvency & Dispute Resolution teams on cross-practice group matters, with the majority of his clients being based in Jersey, London and Switzerland.

Mrs. Bimpe Nkontchou

Mrs. Bimpe Nkontchou Founder and Managing Principal, W8 Advisory LLP

Mrs. Bimpe Nkontchou is a dually qualified lawyer, with over 30 years' collective experience in England and in Nigeria. Bimpe is founder and Managing Principal at W8 Advisory LLP (www.w8advisory.com) a wealth advisory practice and multi-family office (based in London) which is focused on African entrepreneurs and their families. She also owns a sister company W8 Wealth Limited (authorised & regulated by the FCA) which provides regulated financial and investment advisory services to African business families. W8 Advisory has been recognized in Spears 2021 Wealth Management Index as a ‘Top Recommended’ Family Office Service provider and Bimpe has also been ranked by Spears as one of the best wealth managers in the UK.

Russ Haworth

Russ Haworth Family Business Consultant, The Family Business Partnership

Russ is a specialist family business adviser based in the UK but works with businesses all over the World. He has been working with families in business for over 15 years, initially in a financial planning and wealth management role but now as a family business consultant. He has been awarded the Advanced Certificate in Family Business Advising, from the Family Firm Institute. This is recognised globally as one of the leading qualifications for those providing advice to family-owned businesses. As well as being a specialist adviser to families in business, he is a frequent speaker at national and international conferences. He is also the host of The Family Business Podcast, one of the worlds’ leading resources for families in business. The podcast is supported by the Institute for Family Business (www.ifb.org.uk).

Nick Phillis

Nick Phillis Executive Coach, Mentor and Trusted Advisor

A former senior Housemaster at a leading UK independent school, Nick qualified as an executive coach and worked with senior people, including those with global and continental responsibilities, in finance, law, education and sport. It was not long before his reputation for mentoring and supporting young people lead him to work with 18-30 year olds of HNW families. He has a proven track record in helping them to deal with the responsibilities and challenges of wealth and normal issues against a background of wealth; of transforming self-knowledge and self-awareness; helping them to discover their values, understand themselves and be better as a result. With his support, the next generation find purpose and avoid some of the pitfalls they may face, helping them out of crises caused by poor behaviour and bad decision making.

Emma Jordan

Emma Jordan Partner, Taylor Wessing

Emma leads Taylor Wessing's Contentious Trusts and Estates team in the UK. She advises across aspects of contentious trusts work and has a particular focus on representing trustees and high net worth clients. Her practice covers civil fraud work, asset-tracing, and recovery within the context of offshore trusts and structures. She also helps clients with alternative dispute resolution strategies including mediation. Emma is described by clients as a commercially astute advisor with a formidable reputation for trust litigation work. She has advised on landmark cases including the first-ever action involving an insolvent trust. Emma's mandates often involve a crossborder or international element. Emma is dual qualified as an English Barrister and a Jersey Advocate, allowing her to represent clients in the Jersey Courts directly.