Family Impact (w/ Rob Garrett)
September 6, 2019
My guest this week is Rob Garrett, Innovation and Impact Investment specialist and Managing Partner at Hezar Ventures. We hear a lot these days about the escalating global wealth gap. How the richer are getting richer and the poor getting poorer. Much of that wealth is acquired and accrued by family dynasties. Globally, something in the range of US$ 6 trillion is thought to be controlled by private family interests, with Asian families accounting for nearly a third of that. For historical and political reasons, Asian families are quiet about their money. How or where they invest is a private affair. But as my conversation with Rob reveals, opportunity, necessity and generational influence are converging. Profits are still important, but so is the positive impact of investments that generate environmental or social good. In this week's episode, we discuss the rise of the family office in Asia, the breadth and depth of family money influence in the region, and what now moves some of these organizations to contemplate a shift in investment strategy.