HSBC Private Bank launches leadership programme for wealthy heirs

HSBC Private Bank has launched the ‘Future Family Leaders Digital Programme’, an educational initiative designed to prepare heirs of ultra-high-net-worth clients for leadership roles in family enterprises. Developed in partnership with the MIT Sloan School of Management, the six-week online course targets clients aged 23 to 30.

The curriculum consists of six modules, including two live sessions and four self-paced units, covering topics such as strategic planning, conflict management, ownership mindsets, and family enterprise dynamics. The inaugural global cohort is scheduled to participate from 3 November to 8 December.

This initiative responds to industry projections suggesting that $83.5 trillion in wealth will transfer to the next generation over the next two decades. Ida Liu, CEO of HSBC Private Bank, noted that wealth transfers often fail when successors lack essential management skills, emphasizing the importance of practical leadership experience.