Media release  

03/11/2016

Asian-focused conglomerate Jebsen & Jessen Family Enterprise awarded the IMD-Lombard Odier Global Family Business Award

img.268.jpg

3 November 2016 – Jebsen & Jessen Family Enterprise, a family firm first established in Hong Kong at the end of the 19th Century, was awarded the 21st annual IMD-Lombard Odier Global Family Business Award at the 27th Summit of the Family Business Network International (FBN-I) in Suzhou, China.

Awarded by IMD, a top-ranked global business school, and by Lombard Odier, one of the main private banks in Europe, this prize is regarded by many as the most prestigious for successful global family businesses. The award recognizes firms that are exemplary in uniting family interests with those of the business and in combining tradition and innovation while demonstrating a clear commitment to their local community.

“Jebsen & Jessen Family Enterprise is a flagbearer for family business excellence and has successfully blended an enduring entrepreneurial spirit with the strong commitment to sustainability, environment, and its many partnerships,” said IMD President Dominique Turpin. “The company goes beyond merit in receiving this year’s prize.”

Jebsen & Jessen Family Enterprise is a third-generation family enterprise with highly diversified business that spans across distribution, manufacturing, engineering and mining activities. Organised around four main business entities, Jebsen & Co., Jebsen & Jessen (SEA), Jebsen & Jessen (Hamburg) and GMA Garnet, each member operates as an independent group, shouldering its respective responsibilities while subscribing to the vision and philosophy of the founding fathers. Privately owned, the Jebsen & Jessen Family Enterprise employs over 7,700 people worldwide and generates about US$4.5 billion in sales.

IMD and Lombard Odier recognize Jebsen & Jessen Family Enterprise for an accumulation of merits, which include its commitment to sustainability as well as its skill in mastering entrepreneurial partnerships, starting with its own...-  its roots go back to 1895 when two cousins from Jebsen and Jessen families, originating from Aabenraa in modern-day Denmark, established a trading house in Hong Kong.

“With this award we recognize and congratulate laureates for having shown through outstanding contributions, the vital role that family businesses have in our economies,” said Patrick Odier, Senior Managing Partner of Lombard Odier, a seventh-generation family firm. “Jebsen & Jessen Family Enterprise is an outstanding company that operates according to the very best practices and offers inspiration to its peers.”

For decades, Jebsen & Jessen Family Enterprise has been a trusted partner to many leading global companies and brands, includingAir Liquide, Club Car, Demag, Dyson, Evonik Industries, Kronos, Pentax, Porsche, Toro, Xylem  and many others. Jebsen & Jessen Family Enterprise’s distinctive governing principles promote independence and concentrated ownership – with only one descendent from each family taking the “principal shareholder” role upon purchase – not inheritance – of the shares from its predecessor. Today, only two principal family shareholders from the third generation – Hans Michael Jebsen and Heinrich Jessen – navigate the group through their positions on the various company boards and cross-shareholdings. Jebsen & Jessen Family Enterprise has demonstrated an extraordinary capacity to adapt its business model to changing industries and market structures. Combining business and environment has always been an intrinsic part of its business culture with, among various achievements, both Jebsen & Jessen (SEA) and Jebsen & Co. fully carbon neutral since 2011 and 2013 respectively.

"Receiving this prestigious global award on behalf of our more than 7,700 colleagues and the Jebsen and Jessen families is a tremendous honour for us,” said third generation family principal shareholders, Hans Michael Jebsen and Heinrich Jessen “It keeps us motivated to continue the pragmatic and reliable approach adopted by previous generations: to ensure that a growth-oriented entrepreneurial spirit is allowed to thrive while concurrently maintaining sound, conservative financial discipline and independence from any one industry, geography or business relationship."

This year, the IMD-Lombard Odier Global Family Business Award celebrates its 21st anniversary and pays tribute to a long list of prestigious recipients. Previous winners include world-class companies such as LEGO, Ayala Corporation, S.C. Johnson, Hermès, Barilla, Yazaki Corporation, Merck, Firmenich, Bel Group and most recently, Bavaria.

All of these sucessful family businesses serve as a reminder that the model for family business is the oldest and most widespread ownership model in the world. A major source of revenue, jobs and tax contributions, family businesses are key players in the economic system and often serve as models for long-term growth, profitability, stability and survival through periods of crisis.

The award trophy is fashioned out of crystal and bears the shape of a tree – a symbol of family businesses. It was generously donated by the Scheufele family from Chopard and was crafted in Geneva.

News

Gestion des fondations en transformation

Thought leadership

23/05/2017

The 100% Impact Investor

Thought leadership

19/05/2017

Asset Allocation – Keep looking on the bright side

Quarterly Investment Strategy

18/05/2017

China to take control of Asian trade

Investment Strategy

11/05/2017

French Elections Investment Strategy

French Elections Investment Strategy

Investment Strategy Podcast

10/05/2017

French presidential elections

Investment Strategy

08/05/2017

Hedge funds and rising interest rates

Investment Strategy

01/05/2017

French Elections

French Elections

Investment Strategy Podcast

25/04/2017

French Presidential Elections

Investment Strategy

24/04/2017

Japan: The longevity issue

Quarterly Investment Strategy

24/04/2017

Europe: Towards the end of negative rates?

Quarterly Investment Strategy

21/04/2017

Le Pen, Frexit and the future of the EU

Investment Strategy

10/04/2017

Q2 2017 Investment Outlook

Q2 2017 Investment Outlook

Investment Strategy Podcast

03/04/2017

Le franc, refuge des élections en Europe

Thought leadership

16/03/2017

Rethinking sustainable cities with Monocle

Rethink everything

24/02/2017

Brexit: Surviving outside the single market?

Investment Strategy

19/01/2017

Japan: an accidental winner?

Quarterly Investment Strategy

29/12/2016

Emerging markets: Recovery still in its early innings

Quarterly Investment Strategy

28/12/2016

Europe: Still much political risk on the horizon

Quarterly Investment Strategy

23/12/2016

United States: a tired economy about to get a vitamin boost

Quarterly Investment Strategy

22/12/2016

Investment outlook 2017

Investment outlook 2017

Investment Strategy Podcast

19/12/2016

OPEC rises from the ashes

OPEC rises from the ashes

Investment Strategy Podcast

04/12/2016

Diabetes : a game-changing technology

Numeric health

18/11/2016

Post-US election investment outlook update

Post-US election investment outlook update

Investment strategy podcast

16/11/2016

Positioning portfolios for President Trump

Positioning portfolios for President Trump

Investment strategy podcast

10/11/2016

Donald Trump elected President

Investment Strategy

09/11/2016

US election update

US election update

Investment Strategy Podcast

24/10/2016

Q4 2016 Investment Outlook

Q4 2016 Investment Outlook

Investment Strategy Podcast

21/10/2016

United States: Will policy support prolong the expansion?

Quarterly Investment Strategy

21/10/2016

Japan: Alone at the forefront

Quarterly Investment Strategy

19/10/2016

US presidential election: potential market impacts

Investment strategy bulletin

12/10/2016

A politically heated final quarter

Quarterly Investment Strategy

07/10/2016

The metamorphosis of philanthropy

Philanthropy

20/09/2016

US elections 2016: more status quo than system reboot

Investment strategy bulletin

16/09/2016

ASIAN PERSPECTIVES ON ENTREPRENEURSHIP

Entrepreneurship

25/08/2016

RETURN OF THE ‘NOTORIOUS BoJ’

Investment strategy Asia

09/08/2016

CAN GOLD REALLY ACT AS A HEDGE?

Investment Strategy Bulletin

22/07/2016

WHERE ART AND INSPIRATION MEET

Partnership

19/07/2016

POLITICAL RISKS AND ECONOMIC COUNTERFORCES

Quarterly Investment Strategy

14/07/2016

Q3 2016 INVESTMENT OUTLOOK

Q3 2016 INVESTMENT OUTLOOK

Investment Strategy Podcast

13/07/2016

POSITIONING FOR BREXIT: WHAT NEXT FOR THE BANKS?

Sector update - Brexit

04/07/2016

BREXIT: MAJOR CENTRAL BANKS EXPECTED TO ACT

Investment Strategy

24/06/2016

COULD MONEY FLY?

Investment Strategy Bulletin

01/06/2016

HAPPY ANNIVERSARY UAE

Corporate

09/05/2016

EMERGING MARKETS: AN UNEXPECTED PERIOD OF PEACE

Quarterly Investment Strategy

04/05/2016

INVESTMENT OUTLOOK

INVESTMENT OUTLOOK

Investment Strategy Podcast

29/04/2016

JAPAN: IN SEARCH OF A VIRTUOUS CYCLE

Quarterly Investment Strategy

28/04/2016

EUROPE: NO SIGN OF A CREDIT BINGE

Quarterly Investment Strategy

25/04/2016

THE US ECONOMY (READ: CONSUMER) STILL HAS STAMINA

Quarterly Investment Strategy

21/04/2016

THE END OF THE CREDIT CYCLE

Fixed income monthly

19/04/2016

A SWISS PERSPECTIVE ON BREXIT: PART II

Investment Strategy Bulletin

18/04/2016

MARKET OUTLOOK: LOW, SLOW AND STABLE

Quarterly Investment Strategy

15/04/2016

A SWISS PERSPECTIVE ON BREXIT

Investment Strategy Bulletin

13/04/2016

ASSET ALLOCATION: INVESTING BEYOND THE PANIC

Quarterly Investment Strategy

12/04/2016

SWISS FINTECH INNOVATION

Association

31/03/2016

UNTAPPING LATAM’S POTENTIAL

Investment strategy

23/03/2016

EN ROUTE TO NEGATIVE RATES

Investment strategy

24/02/2016

COMMITTED TO INDEPENDENT ASSET MANAGEMENT

Strategy bulletin

23/02/2016

THE ART OF MEASURING IMPACT

Investment strategy

28/01/2016

Q1 2016 INVESTMENT OUTLOOK

Q1 2016 INVESTMENT OUTLOOK

Investment Strategy Podcast

19/01/2016

QUARTERLY INVESTMENT STRATEGY: JAPAN OUTLOOK

Investment strategy

21/12/2015

QUARTERLY INVESTMENT STRATEGY: US OUTLOOK

Investment strategy

18/12/2015

HAS RUSSIA SEEN THE WORST ?

Strategy Bulletin

03/11/2015

HOW WORRIED SHOULD WE BE ABOUT BRAZIL?

Strategy Bulletin

12/10/2015

ADAPTING TO LOWER-FOR-LONGER OIL PRICES

Strategy Bulletin

06/10/2015

INVESTING FOR A "GOLDEN AGE"

Strategy Bulletin

28/09/2015

Expert view: The Fed holds its fire, again

Expert view: The Fed holds its fire, again

Investment Strategy Podcast

18/09/2015

FED IN FOCUS

Strategy Bulletin

30/07/2015

Q3 Investment Outlook from our European bank

Q3 Investment Outlook from our European bank

Investment Strategy Podcast

15/07/2015

GREECE: AFTER THE REFERENDUM

Strategy Bulletin

06/07/2015

TIME TO RE-VISIT EMERGING MARKETS?

Strategy Bulletin

03/07/2015

Expert view: What should you do with your cash holdings?

Expert view: What should you do with your cash holdings?

Investment Strategy Podcast

26/06/2015

OIL UPSIDE IS CAPPED

Strategy Bulletin

28/05/2015

Opportunities and risks in global markets

Opportunities and risks in global markets

Investment Strategy Podcast

19/05/2015

Our Q&A on Greece

Strategy Bulletin

17/02/2015

Economic outlook 2015

Strategy Bulletin

17/12/2014

LOWER OIL PRICES:GOOD NEWS, OR BAD?

Strategy Bulletin

01/12/2014

ROUGH TIMES FOR SOUTH AMERICA

Strategy Bulletin

03/11/2014

WHY COMMODITIES ARE BACK IN FOCUS

Strategy Bulletin

05/08/2014

WILL THE SNB HAVE TO FOLLOW THE ECB?

Strategy Bulletin

20/06/2014

EMERGING MARKETS: TIME TO DIFFERENTIATE

Strategy Bulletin

16/05/2014

CHINA’S DELEVERAGING STRATEGY

Strategy Bulletin

24/04/2014

ABENOMICS. THE EASY PART IS OVER

Strategy Bulletin

18/03/2014

WHAT ARE THE ECB’S OPTIONS?

Strategy Bulletin

13/02/2014

LOWER CHINESE GROWTH AND OPPORTUNITIES

Strategy Bulletin

21/01/2014