Succession planning for external asset managers: guidance from UBP

The transition of leadership within an external asset management firm demands clarity, timing and meticulous preparation. Union Bancaire Privée, the Geneva based private banking group, recognises that succession planning extends far beyond a single moment of handover; it requires a strategic foundation built long before the change itself occurs.

For external asset managers, the stakes are particularly high. A well executed succession strategy protects the relationship between firm and client, ensures continuity of service and secures the institutional knowledge that defines a business. Equally, it demonstrates commitment to talent retention, signalling to the next generation that their path within the organisation is secure and valued.

Building institutional confidence

Anja Karcher and Nadège Lesueur Pène, both senior experts at Union Bancaire Privée, have distilled their experience into practical guidance for firms navigating this complex terrain. Their article addresses the mechanics of preparation: how to identify and develop emerging leaders, how to structure the transition timeline and how to communicate change to stakeholders without disrupting existing relationships or business momentum.

The approach Union Bancaire Privée advocates treats succession not as a singular event but as an evolving process. Early identification of successors allows time for mentorship and skill development. Transparent communication with clients establishes confidence that service quality will not diminish. Internal alignment across teams ensures that the departure of one figure does not create operational fragility.

For firms seeking to strengthen their governance and safeguard their future, Union Bancaire Privée offers structured insights grounded in the realities of wealth management today. The full article is available through Union Bancaire Privée’s channels.

Imagery courtesy of Union Bancaire Privée (@ubp_group).