Changing of the guard at Roche

London — The timing was precise, the choreography immaculate: with two deft manoeuvres, a new generation of the Oeri-Hoffmann family marked its growing influence over the wealthiest dynasty in Switzerland.

The changing of the guard was meticulous planned. Duschmale’s ascent to a directorship had been telegraphed for almost two years and, in a rare public interview, he underscored the family’s commitment to Roche, the bedrock of its fortune since 1896. Their $39bn fortune is up almost a quarter over the past 12 months, according to Bloomberg’s annual ranking of family wealth. Sales of Roche’s Covid-19 tests have helped boost its stock in 2020.

That’s no mean feat. Fewer than one in five family-controlled companies remain in family hands by the third generation, according to Balz Hoesly, a partner at Zurich-based MME who specialises in estate planning.For the uber-wealthy, managing generational change is a perennial concern. Here are some reasons why the Oeri-Hoffmanns have been able to navigate this fraught issue.Bearer shares held by family members give them voting control over the drug maker despite only owning about 9% of the firm.

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