Laurent Huck1 and Sergio Trezzi2 During the last 5 years the asset management industry has been constantly invested by events which have required top management of major companies to rethink their business model, while preserving their company’s mission. | Banking for Family Business Stefano Caselli Stefano Gatti Editors Banking for Family Business A New Challenge for Wealth Management With 46 Figures and 26 Tables 0 Springer Professor Stefano Caselli Professor Stefano Gatti IEMIF Bocconi University Via Sarfatti 25 20136 Milan Italy Cataloging-in-Publication Data Library of Congress Control Number 2004115459 ISBN 3-540-22798-9 Springer Berlin Heidelberg New York This work is subject to copyright. All rights are reserved whether the whole or part of the material is concerned specifically the rights of translation reprinting reuse of illustrations recitation broadcasting reproduction on microfilm or in any other way and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9 1965 in its current version and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. Springer is a part of Springer Science Business Media Springer Berlin Heidelberg 2005 Printed in Germany The use of general descriptive names registered names trademarks etc. in this publication does not imply even in the absence of a specific statement that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Hardcover-Design Erich Kirchner Heidelberg SPIN 11310860 43 3130-5 4 3 2 1 0 - Printed on acid-free .