We were delighted to host our 6th annual Compliance in Asian Wealth Management Forum 2018 in Singapore.

More than 375 CEOs, COOs, and other senior compliance practitioners attended – from a mix of local and international Private Banks, Retail Banks, Insurance Companies, Independent Firms & Family Offices, Asset Management Companies, and IFAs.

Jan 18

Compliance in Asian Wealth Management Forum 2018

Sofitel Singapore City Centre, Singapore

Featured speakers
All event speakers

Senior figures in Asian Wealth Management are speaking at this event

Peter Kiernan

Anthonia Hui

AlTi Tiedemann Global

Andrew Mahony

Aon Hewitt

Stephanie Magnus

Baker McKenzie

Phil Johnson

Control Risks

Stefan Kuhn

Credit Suisse

Jarrod Baker

FTI Consulting

Philipp Piaz

Finaport

Why you should attend Hubbis events

Connect

Connectivity across Private Banking, Independent Wealth Management, Retail Banking, Asset Management, Insurance, Technology, Professional Services and other communities.

Learn

Find out how the industry can develop further & lessons it can learn from elsewhere. Improve skills and knowledge through a practical, enjoyable and interactive learning experience.

Enjoy

Hubbis events are not only consistent, relevant, engaging and unique but also highly positive, and fun experiences.

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PHILIPPINES WEALTH MANAGEMENT FORUM 2024

Sofitel Singapore City Centre, Singapore

We were delighted to host our annual PHILIPPINES WEALTH MANAGEMENT FORUM on Wednesday 20t...

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Event Agenda
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  • 8.40am

    Registration

  • 9.00am

    Welcome Address

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

  • 9.05am

    Panel Discussion

    Compliance hot topics and trends 2018

    • A reflection on the challenges of the past year
    • What are the main compliance challenges for the year ahead?
    • Risk Heat Map 2018 – what goes up, what goes down and why?
    • Where should compliance teams focus their efforts and available resources?
    • What impact is the evolving cryptocurrency market having?
    • Further digitisation of the compliance function

    Chair

    Gez Owen
    General Counsel & Managing Director
    Hubbis

    Panel Members

    Stefan Kuhn
    Head of Compliance, Private Banking, South-east Asia
    Credit Suisse Private Banking

    Alison Fidler
    Head, Compliance, Wealth Markets Products & Sales
    Standard Chartered Bank

    Conrad Lim
    Managing Director and Deputy Chief Executive Officer
    LGT Bank

    Marina Woon
    Head of Compliance & Risk
    Schroders Wealth Management

    Matthew Maddocks
    Chief Risk Officer
    RISKflo

    Ville Oehman
    Fund Manager
    Helvetic Investments

    Speakers

  • 9.55am

    Head - to - Head Q & A - The compliance challenge for independent firms – the AIAM perspective

    Anthonia Hui

    Head of Singapore

    AlTi Tiedemann Global

    • How do independent firms cope with the compliance challenges given resource constraints?
    • Is the Regulatory burden for small firms too great?
    • Where can independent firms get the support and guidance they need to meet Regulatory standards?
    • Is it necessary to have dedicated in-house compliance professionals?
  • 10.10am

    Refreshment & Networking

  • 10.40am

    Panel Discussion

    Tax: Transparency is the new norm – FATCA, CRS, AEOI and the Panama and Paradise Papers

    The Panama and Paradise Papers have raised the question of morality in the tax planning industry generally and undermined consumer confidence in the Offshore Industry:

    • Can good compliance rebuild that trust?
    • “Self-righteous” hacking is here to stay and will get more sophisticated
    • Can you mitigate the risk of reputational damage both for you and your clients?

    International transparency requirements are getting more onerous:

    • Will this result in a move away from the use of offshore centres?
    • Will we see a movement of funds to countries which have not signed up to CRS?
    • Transparency and privacy - are not mutually exclusive but there is a real tension
    • With all this extra data being collected and shared what should the compliance team do with this collected data?

    The narrowing definition of “legitimate tax avoidance” and increasing penalties for “getting it wrong” combine to make life in this space a challenge:

    • Are we being judged for yesterday’s actions by today’s moral code?
    • Are we likely to see a significant increase in the number of prosecutions or tax investigations?
    • What should you do when CRS shows up that your client previously lied to you?
    • How will the Regulators deal with the huge amount of data they will receive?

    Chair

    Gez Owen
    General Counsel & Managing Director
    Hubbis

    Panel members

    Fernando Gandioli
    Partner
    Withers KhattarWong

    Peter Kiernan
    Independent Consultant

    Vikna Rajah
    Partner, Head of Tax, Trust & Private Client
    Rajah & Tann

    Sunil Iyer
    Director
    Iyer Practice Advisers

    Woon Hum Tan
    Partner, Head of Trust, Asset & Wealth Management Practice
    Shook Lin & Bok

    Denise Lim
    Partner - Risk Assurance
    PwC

    Speakers

  • 11.30am

    Presentation - Overcoming Inadequate Compliance & Data Management with a centralised CLM Approach

    Andreas Wenger

    General Manager, APAC

    IMTF

    • Main Compliance & Regulation Challenges
    • Coherence & Centralisation
    • RegTech platform: ICOS/2
  • 11.45am

    Presentation - Cyber Resilience: Isn’t that an IT Problem?”

    Andrew Mahony

    Regional Director, Financial Services & Professions Group

    Aon Hewitt

  • 12.00pm

    Panel Discussion - Harmonisation of worldwide regulations - A Compliance Officer’s wish list

    • Domestic, Regional and International Regulations – how do you avoid duplication of effort and cost?
    • Reducing costs by harmonisation and the use of digital solutions
    • How practical is it to implement a global policy given differences in approach by regulators in different countries?
    • Are we going to see a more unified international approach to regulation in the future?
    • Is differentiation a better option for countries who want to get a competitive advantage on other countries? Complexity of regulations in some countries just does not make commercial sense to operate there
    • How do you best organise international servicing and the international distribution of products?
    • Passporting in the EU, ASEAN and the Asia Region Funds Passport (ARFP) - How promising are the international passporting regimes?
    • How do you efficiently apply differing regulations from multiple jurisdictions? Can you harmonise your policies and processes? Do you need to “gold plate”?
    • Will fintech lead to an international application and ultimately harmonisation of regulations?
    • Are platforms on websites and apps viable tools considering the different jurisdictions that may apply to them?

    Chair

    Gez Owen
    General Counsel & Managing Director
    Hubbis

    Panel members

    Alison Fidler
    Head, Compliance, Wealth Markets Products & Sales
    Standard Chartered Bank

    Rolf Haudenschild
    Co-Founder, Head of Compliance and Internal Audit Services
    Ingenia Consultants

    Conrad Lim
    Managing Director and Deputy Chief Executive Officer
    LGT Bank

    Stephanie Magnus
    Principal
    Baker & McKenzie

    Kenneth Chia
    Independent Consultant, Compliance

    Speakers

  • 12.50pm

    Lunch & Networking

  • 1.45pm

    Panel Discussion - Developing a culture of compliance through leadership and training

    • Communication of the strategic vision and goals
    • Compliance should be communicated as a high priority for the business
    • Encourage feedback from all levels and departments
    • Don’t be afraid to find innovative ways of delivering compliance training. Don’t let compliance be regarded as boring – shake things up a bit to get through the key messages that you need to give
    • Make learning a fun experience. Deliver that learning in a staff centric way and not just for the convenience of the business. Allocate sufficient senior Management time and resource
    • Business leaders should make their staff feel safe. Failures in compliance which lead to brand damage also leads to diminishing respect and confidence from the workforce.
    • Staff need to be recognised individually and not just as a collective resource. They should be trained to the level they need to perform optimally.
    • Whilst regulators insist on annual training is certain key areas. Bespoke training needs should be identified to address weaker areas of performance.
    • Making staff accountable for their actions
    • Leading by example from the TOP
    • Top level Buy in and living of those values
    • Rewarding good behaviours
    • Being seen to deal with bad behaviour quickly
    • Investing in education and training at all levels including soft skills
    • Providing clarity on what is and is not regarded as ethical behaviour
    • Understanding the challenge to train and communicate messages to staff to the same level across different countries having regard to their cultural and moral norms and language barriers.

    Chair

    Gez Owen
    General Counsel & Managing Director
    Hubbis

    Panel members

    Stefan Kuhn
    Head of Compliance, Private Banking, South-east Asia
    Credit Suisse Private Banking

    Jarrod Baker
    Senior Managing Director, Forensic & Litigation Consulting
    FTI Consulting

    Evelyn Koh
    Head, Compliance, Private Banking Clients, Singapore
    Standard Chartered Bank

    Jason Tan
    Partner
    KPMG

    Matthew Maddocks
    Chief Risk Officer
    RISKflo

    Julia Leong
    Partner, Wealth Management, Singapore
    PwC

    Alison Fidler
    Head, Compliance, Wealth Markets Products & Sales
    Standard Chartered Bank

    Speakers

  • 2.30pm

    Presentation - Regulation of Cryptocurrency and digital currencies

    Peter Kiernan

    Consultant

  • 2.50pm

    Refreshment & Networking

  • 3.20pm

    Panel Discussion - Corruption: Multi jurisdiction litigation, investigations and other inconveniences

    • International cooperation is becoming more prevalent
    • Managing investigations in a number of different countries at same time.
    • Collateral damage - "tainted by association”?
    • Picking the right team. Making sure that team is coordinated.
    • The pros and cons of carrying out an internal investigation.
    • Protecting legal professional privilege.
    • The “no surprise” defence
    • Understanding and measuring the risks and likely consequences to the business
    • Prepare for the worst outcome and hope for the best.
    • Understanding the different approaches of Regulators in different countries. Get advice from those who deal with the Regulators in those countries and don’t just rely on head office.
    • Proportionality in response to the Regulators
    • Controlling the flow of information and documentation. Need to know basis
    • Making sure that you don’t let costs get unnecessarily out of hand

    Chair

    Gez Owen
    General Counsel & Managing Director
    Hubbis

    Panel members

    Nigel Pereira
    Partner
    Rajah & Tann

    Peter Coleman
    Head of Forensic
    United Security Solutions

    Daniel Levison
    Partner
    Morrison Foerster

    Stefano Demichelis
    Principal, Investigations and Disputes
    Kroll

    Speakers

  • 4.05pm

    Panel Discussion - Digitisation of Human Capital - a compliance dilemma

    • As compliance processes move further towards digital solutions, the risk profile of the business changes as does the human capital it employs
    • Business continuity plans are needed in the event of digital meltdown
    • How learning and training can play its part in retraining for the compliance professionals of the future.
    • How can we make sure the compliance team has the right skills to understand and implement digital compliance solutions? 
    • Outsourcing – loss of internal control
    • The educational and experience profile of compliance professionals is changing quickly
    • Technology brings sophisticated compliance solutions, but will it ever be able to replace human gut instinct and the sniff test?
    • Cyber terrorism, hacking, data theft

    Chair

    Gez Owen
    General Counsel & Managing Director
    Hubbis

    Panel members

    Rob Phillips
    Computer Forensics & Electronic Discovery
    RP Digital Security

    Phil Johnson
    Partner
    Control Risks

    Stefano Demichelis
    Principal, Investigations and Disputes
    Kroll

    Peter Coleman
    Head of Forensic
    United Security Solutions

    Philipp Piaz
    Partner
    Finaport

    Rolf Haudenschild
    Co-Founder, Head of Compliance and Internal Audit Services
    Ingenia Consultants

    Speakers

  • 5.00pm

    Forum Ends

Jan 18

Compliance in Asian Wealth Management Forum 2018

Sofitel Singapore City Centre,Singapore

Speakers

Peter Kiernan

Anthonia Hui

AlTi Tiedemann Global

Andrew Mahony

Aon Hewitt

Stephanie Magnus

Baker McKenzie

Phil Johnson

Control Risks

Stefan Kuhn

Credit Suisse

Jarrod Baker

FTI Consulting

Philipp Piaz

Finaport

Ville Oehman

Helvetic Investments

Gez Owen

Hubbis

Andreas Wenger

IMTF

Sunil Iyer

IQ-EQ

Rolf Haudenschild

Ingenia Consultants Pte Ltd

Jason Tan

KPMG

Stefano Demichelis

Kroll

Conrad Lim

LGT Bank

Daniel P. Levison

Morrison & Foerster

Matthew Maddocks

ORC Professional Services

Kenneth Chia

PwC

Julia Leong

PwC

Denise Lim

PwC

Rob Phillips

RP Digital Security

Vikna Rajah

Rajah & Tann

Nigel Pereira

Rajah & Tann

Marina Woon

Schroders Wealth Management

Tan Woon Hum

Shook Lin & Bok

Evelyn Koh

Standard Chartered Bank

Alison Fidler

Standard Chartered Bank

Peter Coleman

United Security Solutions

Jan 18

Compliance in Asian Wealth Management Forum 2018

Sofitel Singapore City Centre,Singapore

Partners
Jan 18

Compliance in Asian Wealth Management Forum 2018

Sofitel Singapore City Centre,Singapore

Event Highlights

We were delighted to host our annual Compliance in Asian Wealth Management event in Singapore.  Over 375 CEOs, COOs, CIOs, senior management, compliance officers and RMs attended – from a mix of Private Banks, Retail Banks, Insurance Companies, Independent Firms & Family Offices, and IFAs.

Below for your interest and reference are links to various content we captured from the day. Please click on the orange headlines – and do send any comments or feedback to [email protected].

 

Content Highlights 

Video Highlights
Video Highlights Summary PDF
Photos
Event summary
Panel discussions
Presentations & Wealth TALKS
Videos

 

Post-event Report

You might also like to view the full Post-Event Report – which is a consolidated summary, including photos of speakers & delegates, the attendee profiles & some delegate feedback, polling results, and more. 

 

Event Summary 

Compliance in the New Era of Regulatory Proliferation

Compliance issues are ever more onerous in both their sheer number, and their complexity, creating numerous challenges for private banks and wealth management firms of all sizes. The Hubbis Compliance in Asian Wealth Management Forum in Singapore on January 18 produced some fascinating insights.

 

Video Highlights

At the Forum we interviewed leading industry experts. 
Full Video Highlights
Video Highlights Summary PDF
I love compliance

Their individual interviews can be accessed below: 

Denise Lim, PwC
Matthew Maddocks, RISKflo
Andreas Wenger, IMTF
Rob Phillips, RP Digital Security
Alison Fidler, Standard Chartered Bank
Stefan Kuhn, Credit Suisse Private Banking
Rolf Haudenschild, Ingenia Consultants
Stefano Demichelis, Kroll
Jarrod Baker, FTI Consulting
Julia Leong, PwC
Peter Kiernan, Consultant
Vikna Rajah, Rajah & Tann
Woon Hum Tan, Shook Lin & Bok
Peter Coleman, United Security Solutions
Ville Oehman, Helvetic Investments
Conrad Lim, LGT Bank

 

Panel Discussions 

We held 6 interactive panel discussions throughout the day – which involved 27 senior industry practitioners who we invited to participate and share their thoughts. We have also incorporated into the summaries below the briefing notes which speakers sent to us in advance of the event. Plus, we have included the results of audience polling as well as questions we received from delegates. Click on each headline to view the PDFs.

 

Hot Topics and Trends in Compliance in 2018
Compliance issues are ever more onerous in both their sheer number, and their complexity. Hubbis assembled a panel of experts from global and independent wealth management firms in Singapore to discuss the current state of play.

Panel Members
Stefan Kuhn, Head of Compliance, Private Banking, South-east Asia, Credit Suisse Private Banking
Conrad Lim, Managing Director and Deputy Chief Executive Officer, LGT Bank
Marina Woon, Head of Compliance & Risk, Schroders Wealth Management
Matthew Maddocks, Chief Risk Officer, RISKflo
Ville Oehman, Fund Manager, Helvetic Investments

 

Tax: Transparency is the New Norm – FATCA, CRS, AEOI and the Panama and Paradise Papers
The proliferation of new regulations worldwide, combined with deliberate data leaks to the media, has placed ever greater pressure on the global wealth advisory industry. In this new age of transparency, how can wealth advisers reconcile client needs with regulatory and moral obligations? 

Panel members
Fernando Gandioli, Partner, Withers KhattarWong
Peter Kiernan, Independent Consultant
Vikna Rajah, Partner, Head of Tax, Trust & Private Client, Rajah & Tann
Sunil Iyer, Director, Iyer Practice Advisers
Woon Hum Tan, Partner, Head of Trust, Asset & Wealth Management Practice, Shook Lin & Bok
Denise Lim, Partner - Risk Assurance, PwC

 

Harmonisation of worldwide regulations – Is it wishful thinking?
Harmonisation of global regulations might be high on the wish-list for some governments and many compliance professionals, faced as they all are with numerous diverse rules and practices worldwide. But will it ever happen, or will culture, history, politics and even religion get in the way?

Panel members
Alison Fidler, Head, Compliance, Wealth Markets Products & Sales, Standard Chartered Bank
Marina Woon, Head of Compliance & Risk, Schroders Wealth Management
Rolf Haudenschild, Co-Founder, Head of Compliance and Internal Audit Services, Ingenia Consultants
Conrad Lim, Managing Director and Deputy Chief Executive Officer, LGT Bank
Stephanie Magnus, Principal, Baker & McKenzie
Kenneth Chia, Independent Consultant, Compliance

 

Developing a Culture of Compliance through Leadership and Training
Creating and maintaining the right compliance culture in a wealth management firm is no longer a luxury. In the new world of regulatory proliferation, it is an essential for any firm - local or global - to survive and prosper. But can it be achieved and, if so, how?

Panel members
Stefan Kuhn, Head of Compliance, Private Banking, South-east Asia, Credit Suisse Private Banking
Jarrod Baker, Senior Managing Director, Forensic & Litigation Consulting, FTI Consulting
Evelyn Koh, Head, Compliance, Private Banking Clients, ASEAN and South Asia, Standard Chartered Bank
Jason Tan, Partner, KPMG
Matthew Maddocks, Chief Risk Officer, RISKflo
Alison Fidler, Head, Compliance, Wealth Markets Products & Sales, Standard Chartered Bank
Julia Leong, Partner, Wealth Management, Singapore, PwC

 

Corruption: Multi-Jurisdiction Litigation and Investigations
International cooperation on financial investigations and multi-jurisdictional prosecutions are becoming more prevalent. Understanding and measuring the risks and likely consequences is essential for wealth advisory firms, who need to prepare and manage for the best, and sometimes worst, outcomes.

Panel members
Nigel Pereira, Partner, Rajah & Tann
Peter Coleman, Head of Forensic, United Security Solutions
Daniel Levison, Partner, Morrison Foerster
Stefano Demichelis, Principal, Investigations and Disputes, Kroll

 

Digitisation of Human Capital - a Compliance Dilemma
As compliance processes become increasingly digitised, the risk profile of the business changes and business continuity plans are needed in the event of a digital meltdown. Compliance professionals need to up their technology capabilities, while at the same time further developing their own ‘human’ skills.

Panel members
Rob Phillips, Computer Forensics & Electronic Discovery, RP Digital Security
Phil Johnson, Partner, Control Risks
Stefano Demichelis, Principal, Investigations and Disputes, Kroll
Peter Coleman, Head of Forensic, United Security Solutions
Philipp Piaz, Partner, Finaport
Rolf Haudenschild, Co-Founder, Head of Compliance and Internal Audit Services, Ingenia Consultants

 

 

Presentations 

Below are summaries of the Presentations and Wealth TALKS delivered at the event. These were 10-minute slots hosted either by senior industry practitioners who we invited to speak (Wealth TALKS), or by some of our event partners (Presentations). Also listed with each summary are links to the presentation slides (where these are made available by speakers). Click on each headline to view the web versions of these – from which you can also access the 1-page PDFs.

 

The Compliance Challenge for Independent Firms in Asia
Anthonia Hui, CEO of AL Wealth Partners and committee member of the Singapore Association of Independent Asset Managers (AIAM), reviews the many key compliance challenges faced by wealth advisory firms.

IMTF pushes the envelope of efficient compliance and data management
Dr Andreas Wenger, general manager for the APAC region for Swiss company IMTF, believes that to be compliant, wealth management firms must embrace the need to invest in solutions to their regulatory and compliance challenges.
View Slides

Cyber Resilience: Isn’t that an IT Problem?
Andrew Mahony, Regional Director, Financial Services & Professions Group at Aon Risk Solutions, knows that cyber risk equates to enterprise risk.
View Slides

Regulation of Cryptocurrencies
Peter Kiernan, an independent consultant specialising in compliance and financial crime, reviews the immense challenges of regulating the new universe of cryptocurrencies and blockchain.
View Slides

 

 

Jan 18

Compliance in Asian Wealth Management Forum 2018

Sofitel Singapore City Centre,Singapore