Improving Alpha: Innovation in Investing, ESG and Technology Improving Alpha: Jose Eduardo Siman on Succession Planning Challenges and Innovating the Family Office
Given the continued volatility and inflationary pressures in the financial markets, many family offices are looking to shift their asset allocation to help provide better performance and lower overall risk. With pressures mounting, we wanted to get a sense of how global family offices are answering the innovation question for not only their current technology solutions but also in terms of succession planning.
In our latest episode of Improving Alpha: Innovation in Investing, ESG & Technology, Michael Oliver Weinberg sits down with Jose Eduardo Siman, President, Intradeco Inc. who talks about what is needed for family offices to succeed today, in terms of governance, innovation and more.
Jose discusses:
- how the Warren Buffet model of decentralization from holding company to subsidiaries may be a future innovation.
- how Jose strives to reinvest 70% of the profits while allocating 5% into socially responsible projects.
- innovation by way of improving his retail sales operations, recycling textiles, and reducing overall sanitation costs through these processes.
- succession planning and how to separate governance/ownership from management for the next generation of professionals to take over operations.
- fraud and how he dealt with an investment that didn’t turn out to be what was expected even following lengthy due diligence discussions.
- And more….
Connect with Michael Oliver Weinberg:
To learn more about our host visit: https://www.vidrio.com/blog/improving-alpha-podcast-jose-siman-family-office-challenges
About Jose Eduardo Siman:
Born in San Salvador, El Salvador. Mr. Siman received an MBA from the Columbia University Graduate School of Business, New York, New York in 1969. Mr. Siman began his professional career with Procter and Gamble in Toronto, Canada, before joining his family’s business in 1979. Since, this business has grown from one department store in San Salvador, El Salvador to a multinational business group with significant operations in retailing, consumer finance, apparel manufacturing and real estate in twenty six countries throughout the Caribbean, Central America and the United States currently living in the United States. Mr. Siman is President of the Salvadoran American Humanitarian Foundation (SAHF), Miami, Florida.
The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.