Inside the shakeup of Philippines’ dynasty after patriarch’s death

Generations of the low-profile Zuellig family have steered one of Southeast Asia’s biggest trading houses for over a century, but last year the patriarch’s death sent shockwaves through the business empire. The ensuing conflict over the direction of the group could lead to either a sharper, more focused organisation, or a gradual decline.

The chairman of the Zuellig Group, Stephen Zuellig, died in January last year at the age of 99, leaving behind four children Susan, Peter, Joan and David, and a multi-billion-dollar business that spans pharmaceuticals, agricultural equipment, insurance and property.

In a rare interview, Stephen’s eldest son Peter sheds light on the inner workings...