THURSDAY
Bilzin Sumberg
IFG Miami 2022 Annual Conference: Family Governance: Empowering Beneficiaries Through Inter-Generational Planning
About IFG
The mission of the Institute for Family Governance (“IFG”) is to implement strong governance that endures. This is achieved by empowering beneficiaries through inter-generational planning. Our values are serving families through: (i) open discussion, (ii) multi-disciplinary collaboration and (iii) know how exchange among families and the trusted advisors who serve them. View the About IFG page for more information. Read the The International Family Offices Journal’s interview with Babetta von Albertini.
DATE
Thursday Dec 1, 2022
2022 Miami AGENDA
Printable Agenda Here
THANKS TO OUR SPONSORS
2022 AGENDA
8:00 AM
Sign-in & Breakfast
8:30 AM
WELCOME & INTRODUCTIONs
9:00 AM
Building Bridges Between Generations
Guillermo Salazar, Exaudi Family Business Consulting
9:50 AM
Fiduciary Challenges: How to Assist Families with Inter-Generational Transitions — Case Studies
Betty Andrikopoulos, Crestbridge Fiduciary
Sara Schroter, Meritus Trust Company Limited
David Warren, Bridgeford Trust Company
Jennifer Wioncek, Bilzin Sumberg Baena Price & Axelrod LLP, ACTEC Fellow, Moderator
10:50 AM
BREAK
11:20 AM
KEYNOTE
Walking the Talk: How to Implement Shared Vision and Values in a Family Enterprise
Peter Leach, Peter Leach Associates
12:10 PM
Lunch & Roundtable Discussions sponsored by Crestbridge Fiduciary
2:00 PM
Successful Inter-Generational Transitions: How to Change the Governance Structure to Make Room for the NextGeneration — Case Studies
Panel of Family Speakers
Esteban Urrea, G3 of the Urrea family
Bruno Carvajal, G5 the Carvajal family, Moderator
3:00 PM
BREAK
3:20 PM
Practices for the Sustainability and Resilience of Family Enterprises
Fredda Herz Brown, PhD, Founder and Senior Consultant Relative Solutions
4:10 PM
Keynote
How to be Successful as a family in the long run
Edouard Thijssen, G5 of Aliaxis Group
5:10 PM
Concluding Remarks
5:20 PM
Cocktail Reception sponsored by Teton Trust Company
chair & Vice-chairs
Babetta von Albertini, Ph.D., IFG Founder & Chair
Babetta is the Chair of the Institute for Family Governance. She is an expert on family governance and U.S. tax law and has advised large domestic and international families on their governance and succession planning for approaching twenty years. Babetta is also the General Counsel of ATM Capital Partners, a single family office. Prior thereto, she was with Withers (a global trusts and estates law firm) for nine years, and Shearman & Sterling (a capital markets law firm) for three years, living and working in New York, London, Switzerland and Hong Kong. Babetta is a dual-qualified common law/civil law attorney (admitted to the bars of New York and Zurich, Switzerland) and holds both a Tax LL.M. and a Corporate LL.M. from NYU, as well as a Ph.D. in law from the University of Zurich, Switzerland. She is a former Vice Chair of STEP New York and served for three years as elected U.S. representative on the STEP Global Council (the Society of Trust and Estate Practitioners). She continues to serve on the STEP Global Governance Committee.
Read the The International Family Offices Journal’s interview with Babetta von Albertini.
Dennis T. Jaffe, Ph.D., Vice-Chair
Dennis, a San Francisco-based advisor to families about family business, governance, wealth and philanthropy, is Senior Research Fellow at BanyanGlobal Family Business Advisors. He is author of Borrowed from Your Grandchildren: The Evolution of 100-Year Family Enterprises; Cross Cultures: How Global Families Negotiate Change Across Generations; Stewardship in your Family Enterprise: Developing Responsible Family Leadership Across Generations and Working with the Ones You Love. His global insights have led to teaching or consulting engagements in Asia, Europe, the Middle East, and Latin America. The Family Firm Institute awarded him the 2017 International Award for service, and in 2005 he received the Beckhard Award for service to the field. In 2020 he was awarded a special commendation as an individual thought leader in the field of wealth management by the Family Wealth Report. He has a BA degree in Philosophy, MA in Management, and Ph.D. in sociology, all from Yale University, and professor emeritus of organizational systems and psychology at Saybrook University in San Francisco.
advisory board
Jennifer Wioncek, Bilzin Sumberg Baena Price & Axelrod LLP
Jennifer J. Wioncek, is a partner in the law firm of Bilzin Sumberg Baena Price & Axelrod LLP. Ms. Wioncek has general international tax planning experience and significant experience with domestic and international trust and estate planning matters for high net worth individuals; multi-jurisdictional estate administration matters; and acquisition, maintenance and sale of US real estate by foreigners. Jennifer is also an active adjunct professor at the University of Miami School of Law Tax LLM program teaching multiple classes in the area of Trusts & Estates. She is a Fellow with the American College of Trust and Estate Counsel (ACTEC) and is also a board member of STEP Miami with TEP designation. She received her joint J.D. and Masters of Science degrees from Saint Thomas University School of Law and her LL.M. in Taxation from New York University School of Law.
Francesca Boschini, Deutsche Bank Wealth Management
Ms. Boschini is Director – Head of International Wealth Planning & Head of Insurance Solutions for the Americas at Deutsche Bank Wealth Management. Francesca is based in New York and is in charge of Deutsche Bank Wealth Management Americas cross-border and international wealth planning practice and of its insurance planning solutions platform. When working directly with clients, Francesca provides technical assistance on wealth planning and insurance planning matters to U.S. and international families. She works to develop and execute solutions for the complex global wealth preservation, estate and insurance planning needs of high-net-worth and ultra-high-net-worth clients. Francesca has over twenty years of experience finding solutions for global wealth preservation and estate planning needs of ultra-high net worth clients. Francesca earned her civil law degree and J.D. from the University of Bologna School of Law in 1997 and earned her LL.M. in 2002.
SPEAKERS
Guillermo Salazar, Exaudi Family Business Consulting
Guillermo Salazar is an advisor to family enterprises on the governance models and strategies required for successful family governance and leadership succession. He advises on issues of family relationships and conflict resolution, family governance, and next generation development. Earlier in his career, Guillermo was a member of the management team for his family’s second-generation family business. He has also served as a board member for privately held family enterprises in the U.S. and Latin America. He is author of the books A Road to Triumph in Family Business (Legeris, 2021), La Sucesión (Legeris 2021), and Genogramas en la Empresa Familiar (Legeris, 2022), among others. Guillermo earned his master’s degrees in Family Business Management from the Universitat Politècnica in Catalunya, and a degree in Systemic Family Therapy from the Universidad Autònoma de Barcelona in Barcelona, Spain.
Betty Andrikopoulos, Crestbridge Fiduciary
As a senior managing director, Betty leads new and current client relationships and participates in the overall management of the firm. She is also a member of the Board of Managers of Crestbridge Fiduciary, a strategic venture between Willow Street and Crestbridge. Betty has over 30 years of experience in finance and marketing strategy in the banking, med-tech and real estate industries, and in organizations ranging from start-ups to multinational corporations. She has served as President of the Wyoming Trust Association (WTA) since its founding in 2018 and President of STEP Wyoming since 2021. Betty specializes in aligning strategy and values to fiduciary structures that will support a family’s current and evolving needs. She brings insights on leading practices in private trust company (PTC) governance, operations, and administration. Her years of experience working with family businesses, family offices, and PTCs benefit the boards and committees on which she serves. Betty’s deep connection to client relationships is centered on her commitment to being a resource and thought partner.
Sara Schroter, Meritus Trust Company Limited
Sara always manages to juggle several balls in the air seamlessly with a calm and friendly demeanour. Her background exemplifies that. Before joining Meritus, Sara was General Counsel and a member of the Executive Team at Bermuda Commercial Bank. She was also in-house counsel with the global insurer, AXA UK plc. All that, plus her wide range of legal experience in the private client, banking, insurance, regulatory, corporate governance, commercial and litigation areas, help to ensure that Sara can provide thoughtful, solution-driven, and commercially friendly advice as General Counsel for Meritus. In her role as Managing Director, Corporate, she leads the Finance, Accounting, Compliance, Operations, HR and Legal and Governance functions with a one-team approach. The go-to person for all matters related to governance and leadership, Sara frequently writes and speaks on these topics and is passionate about promoting women’s leadership and diversity and inclusion through her work.
David Warren, Bridgeford Trust Company
David Warren is Co-Founder and Chairman of the Board of Bridgeford Trust Company, as well as a member of the Trust Administrative Committee. He is also President and CEO of Bridgeford Advisors dba Bridgeford – a sister company operating throughout the country and around the world providing consultative, planning, business development, and marketing support to Bridgeford Trust Company. David is an attorney with over 20 years of professional experience practicing law and working in the financial services industry serving the trust and wealth management needs of high and ultra-high net worth families across the nation and around the world. David speaks throughout the country and around the world on modern and progressive U.S. trust law, addressing several professional organizations and various audiences each year. In addition, he is frequently published and quoted by publications on various trust and estate planning topics. David earned a Bachelor of Applied Science, Political Science and Government from Albright College and a Juris Doctor degree from Suffolk University Law School.
Jennifer Wioncek, Bilzin Sumberg Baena Price & Axelrod LLP
Jennifer J. Wioncek, is a partner in the law firm of Bilzin Sumberg Baena Price & Axelrod LLP. Ms. Wioncek has general international tax planning experience and significant experience with domestic and international trust and estate planning matters for high net worth individuals; multi-jurisdictional estate administration matters; and acquisition, maintenance and sale of US real estate by foreigners. Jennifer is also an active adjunct professor at the University of Miami School of Law Tax LLM program teaching multiple classes in the area of Trusts & Estates. She is a Fellow with the American College of Trust and Estate Counsel (ACTEC) and is also a board member of STEP Miami with TEP designation. She received her joint J.D. and Masters of Science degrees from Saint Thomas University School of Law and her LL.M. in Taxation from New York University School of Law.
Peter Leach, Peter Leach Associates
Peter has more than 30 years’ experience of advising multigenerational family enterprises. Previously Peter was the founder and leader of the private client practice group for a big four accounting firm in London. Now in private practice, he is also a Special Advisor to BDT & Company.
Esteban Urrea, G3 of the Urrea family
Esteban is a third-generation member of the Leonisa Business Group. He is the founder and managing partner of Vertical Partners, a Family Office investment fund, focused on creating an ecosystem of value and disruption in the region. He is Co-creator of Vertical Labs, an early-stage business accelerator and an active investor in more than 31 startups and joint ventures in Europe, the United States and LATAM. He has actively worked 10+ years in the family business at the European division and is currently involved in the family governance. Additionally, he shares technology and innovation expertise as a consultant or board member.
Bruno Carvajal, G5 of the Carvajal Family Council
Bruno Carvajal is a 5th generation member from the Carvajal Family from Cali, Colombia. Family dynamics have kept Bruno close to the family and the business, contributing by holding different leadership positions in the governance structure. A longtime member of the Carvajal Family Council, he acted as president between 2017 and 2021 revitalizing the family dynamics and engaging the new generations. He was a board member for Carvajal Espacios, a company that focuses on office furniture and logistics equipment. He was also part of the board of directors for the Carvajal Foundation and other foundations in Colombia. An Industrial Engineer by training, Bruno graduated from Georgia Tech and IE University in Madrid with a MBA, and specializes in technology and logistics consulting.
Fredda Herz Brown, PhD, Founder and Senior Consultant Relative Solutions
Fredda has been a pioneer and continual innovator in the family enterprise field. She has a career spanning more than a quarter of a century in which she co-founded Relative Solutions, a consultancy that addresses the complexities and challenges enterprise families face at the intersection of their economy (work & wealth), and family. She is the author of several books and contributes to industry publications. Additionally, she serves as a guest lecturer for a number of academic programs. Her interests and passions are focused on helping families better assess their sustainability skills and resilience. Fredda is the recipient of awards from the Family Firm Institute (FFI), where she is a Fellow and founding board member, and the Family Office Exchange (FOX), where she was honored as a thought leader. She also serves as a director for several family boards.
Edouard Thijssen, G5 of Aliaxis Group
Edouard Thijssen is a G5 member of the Belgian family that owns the Aliaxis Group. Aliaxis is a global leader in advanced piping systems for building, infrastructure, industrial and agriculture applications. Aliaxis has a global workforce of 14,000 employees and operates in 40 countries. Eduard is also co-founder and CEO of Trusted Family, a leading governance platform for family businesses and family offices. Trusted Family is headquartered in Brussels, Belgium, with offices in London and New York, providing services to 170 business families in 25 countries. Edouard is a 2007 graduate of the Solvay Business School and completed the "Leading the Family Business” program at IMD, Switzerland.
Know How
Building Bridges Between Generations
Guillermo Salazar
How can the generational gap between parents and children in a family business be overcome? Guillermo will discuss how to establish "rules of the game" for a professional relationship among family members. This requires:
(i) improved communication,
(ii) agreement on the family business purpose, and
(iii) the establishment of family charter norms.
Guillermo will discuss the overall concepts as well as selected practical case studies. He will share anecdotes and personal stories that will permit us to think strategically about the unique challenges that face multi-generational family business owners.
Presentation: Building Bridges Between Generations
Fiduciary Challenges: How to Assist Families with Inter-Generational Transitions — Case Studies
Betty Andrikopoulos, Sara Schroter, David Warren and Jennifer Wioncek (Moderator)
Fiduciaries often serve families over decades. During an extended period of time, they witness firsthand what can happen when an old guard of decision makers fails to plan for an orderly transition to the NextGeneration. They have also experienced what families can do well to facilitate this critical process. Betty, Sara and David are each experienced fiduciaries, and will discuss case studies of inter-generational transitions. They will share what went well, what could have been done better and the lessons learned.
Presentation: Fiduciary Challenges: How to Assist Families with Inter-generational Transitions—Case Studies
Walking the Talk: How to Implement Shared Vision and Values in a Family Enterprise
Peter Leach
Mission, vision and values have been a mantra for family businesses for several decades now. These ideas describe why the business exists (mission), what the family wants to achieve (vision) and how it will act and conduct itself (values). It is one thing, however, to present a framed mission, vision and values statement on the boardroom wall - it is quite another to 'walk the talk'. In the past two years alone, the global pandemic has tested many family businesses with all manner of unfamiliar decisions, risky propositions and potentially uncomfortable trade-offs. Families have been discovering the extent to which their mission, vision and values truly act as their 'north star', or turn out to be skin deep only. Peter will explore how the most successful business families forge a mission, vision and values set that sustains them through even the most challenging periods, as well as what to do if the words on the wall and the realities on the ground no longer align.
Presentation: Walking the Talk: How to Implement Shared Vision and Values in a Family Enterprise
Successful Inter-Generational Transitions: How to Change the Governance Structure to Make Room for the NextGeneration — Case Studies
Esteban Urrea and Bruno Carvajal (Moderator)
Once a family reaches the G3 or G4 stages, the governance structure needs to be altered to permit a larger group of family members to participate in the collective decision making.
Bruno will moderate a family-only panel where family members will discuss the governance structure of their respective family systems and provide examples of how the governance structure of their family system was altered to make room for the NextGeneration. In addition, they will briefly touch on the family protocols that needed to be implemented to provide: (i) transparency of the requirements needed for a NextGen to be able to participate in the governance structure, and (ii) the agreed upon processes that needed to be followed.
Practices for the Sustainability and Resilience of Family Enterprises
Fredda Herz Brown, Phd
What are the processes and structures that assist a family to endure over time? Sustainability provides a framework, a pathway while resilience provides the ability to change direction on the pathway or create a new one if necessary. This presentation will enlist the participants in examining these two essential aspects of endurability and how to develop them in their families.
Presentation: Practices for the Sustainability and Resilience of Family Enterprises
How to Be Successful as a Family in the Long Run
Edourd Thijssen
Edouard will share his experiences as a G5 of his own family business on how to stay successful as family over multiple generations.
Edouard will also share his practical insights and the lessons learned from his work as CEO of a governance platform that he co-founded and that provides services to 170+ business families.
Presentation: How to Be Successful as a Family in the Long Run
REGISTRATION
Registration
USD 450 before October 17th
USD 550 after October 17th
Membership
Annual Membership
$150
Learn more about IFG
Financial Aid & Cancellation Policy: Financial Aid is available upon request. Please contact kimberly@IFGworldwide.org. All cancellations must be in writing. If you are unable to attend, a substitution may be made at any time. Registrations cancelled before October 1, 2022, will be refunded in full, less a $100 USD administrative fee. Registrations cancelled between October 1, 2022, and October 31, 2022, will receive a 25% credit towards another IFG conference within a year’s period. No refunds or credits can be issued for cancellations after October 31, 2022. No-shows are subject to the full fee.
info@IFGworldwide.org
Institute for Family Governance Ltd.
1815 Palmer Avenue, Unit 2D
Larchmont NY 10538
United States
212-682-6113