New-age demands of millennial heirs are forcing institutions to change and personalise their programmesIn July, Bank of Singapore Ltd., one of Asia's largest private banks, hosted the children of some of its top clients at its GenINFINITY Program. Lim, who participated in the program, now helps run the socially aware startup called Quarter Life Coffee -- a far cry from the insurance broking that made his father wealthy."We want to do something we love and get paid for it.
If you look at millennials and Gen Z, the way they think, the way they operate and the way they’ve grown up is very different to, say, the way I grew up“Going out to fellow entrepreneurs who are also trying to get something started and change the world a little bit, networking with them was great,” said Byron Lim, 26, who participated in GenInfinity and now helps run a socially aware start-up called Quarter Life Coffee — a far cry from the insurance broking that made his father wealthy.
The last two days were given over to a “Shark Tank”-style competition in which participants were split into three groups to create and present start-up ideas before a panel of judges. The challenge was heightened by the tender headaches some sported after a raucous night of networking. “I picked a leech off one of our participants earlier,” Lim said. “But there’s a misconception of our audience. Just because you’re wealthy and born to privilege doesn’t mean that you need to be treated with kid gloves.”Goh Shi Hui’s family was wealthy enough that UBS, DBS Group Holdings and BNP Paribas all enrolled her into their courses. She mingled with the well-to-do, consuming cocktails and business know-how from Singapore to California.
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