Core Insights - First Horizon Bank has appointed Eric Teal as Senior Vice President and Chief Investment Officer (CIO) of First Horizon Wealth Management, where he will lead investment strategy and portfolio construction [1][2]. Group 1: Leadership and Experience - Eric Teal joins First Horizon Wealth Management from Comerica, where he was the Chief Investment Officer and part of the senior leadership team [2]. - Teal has over 10 years of experience as CIO at First Citizens Bank and has also served as Managing Director and Investment Manager at U.S. Bank Private Wealth Management [2][3]. - His educational background includes a Bachelor of Science in Economics and International Studies from Rhodes College and an MBA in Finance from the University of Memphis [3]. Group 2: Company Overview - First Horizon Corp. has $83.9 billion in assets as of December 31, 2025, and operates in 12 states primarily in the southern U.S. [5]. - The company offers a range of financial services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [5]. - First Horizon has been recognized as one of the best employers by Fortune and Forbes and is listed as a Top 10 Most Reputable U.S. Bank [5].

Group 1 - Hampton Financial Corporation has reached agreements to settle obligations under debentures totaling $4 million and a quarterly interest payment of $5.2 million by issuing subordinate voting shares at a deemed price of $0.40 per share [1] - The debt settlement transactions are expected to close on or before December 31, 2025, resulting in the issuance of 10,528,141 subordinate voting shares to debenture holders [1] - This measure aims to strengthen the company's balance sheet and reduce the cash cost of funding operations, with a meaningful impact anticipated on 2026 results [1] Group 2 - Hampton is a private equity firm focused on building shareholder value through long-term strategic investments [2] - The company, through its subsidiary Hampton Securities Limited, is engaged in family office, wealth management, institutional services, and capital markets activities, providing a full range of investment banking services [3] - Hampton Securities Limited is regulated by CIRO and operates in multiple Canadian provinces, assisting companies with capital raising, mergers and acquisitions, and listings on recognized securities exchanges [3] Group 3 - Through its subsidiary Oxygen Working Capital, the company offers factoring and commercial financing services across Canada [4] - Hampton is exploring opportunities to diversify revenue sources through strategic investments in complementary and non-core sectors [4]

Core Insights - Offshore family trusts have become a topic of discussion, with many older entrepreneurs and founders showing a lack of awareness regarding their estate planning [1] - Recent cases of wealthy individuals facing legal and tax disputes due to poorly structured offshore family trusts highlight the importance of comprehensive planning [2][3] - The establishment of family offices is increasingly seen as essential for high-net-worth families to safeguard assets and ensure effective wealth transfer [4] Group 1: Importance of Planning - Wealth transfer is a primary concern for family succession, and offshore family trusts are commonly used by high-net-worth individuals [2] - Many wealthy individuals have encountered issues due to common pitfalls such as retaining control, neglecting tax compliance, and unclear asset sources [2] - Effective execution and compliance with trust arrangements are critical, as the design of the trust structure is only a small part of the overall success [2] Group 2: Wealth Management Challenges - Poor wealth management has led to significant losses for families, particularly among early coal industry entrepreneurs who lacked structured management mechanisms [3] - Cases of wealth loss due to marriage disputes highlight the risks of not having formal arrangements in place for family business ownership [3] Group 3: Role of Family Offices - Family offices are becoming vital for high-net-worth families, providing a structured approach to asset protection, business governance, and family affairs [4] - The importance of family offices is underscored by the projected $58 trillion intergenerational wealth transfer in the Asia-Pacific region, with 60% of this attributed to high-net-worth families [4] Group 4: Advantages of Hong Kong - Hong Kong is positioned as a leading international financial center, offering comprehensive services for family offices, including asset allocation and tax planning [5] - The presence of top-tier law firms and accounting firms in Hong Kong supports complex family structures and cross-border compliance [5] - Hong Kong's vibrant capital market provides liquidity and diverse investment opportunities, making it an attractive location for family offices [6] Group 5: Education and Next Generation - Education is increasingly recognized as a critical factor in wealth transfer, with many families prioritizing the development of their children's leadership skills and financial responsibility [10] - Hong Kong's educational institutions offer a rich environment for children, facilitating their adaptation to international business and wealth management [11] Group 6: Cultural and Value Transmission - Hong Kong's family offices integrate cultural values with wealth management, ensuring the continuation of family legacies and philanthropic efforts [12] - The unique positioning of Hong Kong allows for a blend of traditional family values and modern wealth governance practices [12][13]