Russell Prior

Spear’s Review

Russell Prior, head of family governance, family office advisory and philanthropy for EMEA at HSBC Global Private Banking, works with the whole family.

‘For some they want to have a family office, for some they want to think harder about family governance. And most of the families at this level are philanthropic in their nature, and we can help them with their philanthropy as well as handling the issues to do with wealth transition and rising generation development.’

According to HSBC research, younger generations have ‘different attitudes’ to their predecessors. They are ‘more driven by making an impact on their communities than [older] generations ... social impact is as important to them as personal wealth. This emphasises the importance of the different generations in families sharing their views and vision of the future.’