We were delighted to host our first Hong Kong-based summit of leaders in wealth management from Asia and globally – especially amid a highly-challenging business, regulatory and investment environment.
350 senior practitioners attended. They comprised CEOs, COOs, senior management, business heads and product gatekeepers, working within Private Banking, Retail Banking, Independent Wealth Management / Family Offices, IFAs, Insurance, Asset Management, Insurance, Technology, and Professional Services.
Many thanks again to those people who participated in and attended the event, and also to our exclusive partner for this event – Thomson Reuters.
Wealth THINK 2016
Island Shangri-La, Hong Kong
A community of leading organisations within Asian Wealth Management
Senior figures in Asian Wealth Management are speaking at this event
Xiao Feng Zhong
Amundi Asset Management
Eleanor Wan
BEA Union Investment
Tan Feng Cheng
BNP Paribas Asset Management
Steven Sieker
Baker McKenzie
Nigel Rivers
Capital Solutions
Thusitha De Silva
Cerulli Associates
Bassam Salem
Citi Private Bank
Neil Harvey
Credit Suisse
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Experience our latest event for yourself
MALAYSIA WEALTH MANAGEMENT FORUM 2024
Island Shangri-La, Hong Kong
We were delighted to host our annual Malaysia Wealth Management event in Kuala Lump...
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8.40am
Registration
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9.00am
Welcome Address
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9.05am
Panel Discussion
Will Hong Kong continue to be the gateway to China’s wealth?
- What’s the role that Hong Kong will play in future access to China’s wealth?
- How can we make the most of the China opportunity?
- Which business model is most likely to win out in the long run?
- Onshore versus offshoring – where’s the biggest potential?
- Which client segments should you focus on to be profitable?
- Should foreign players compete or collaborate with onshore institutions?
Chair
Speakers
Joseph TamExecutive Vice President and Head of Private Banking and Wealth Management
CMB Wing Lung Bank
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9.55am
Presentation - A process to digitalisation
- Connecting ideas to clients
- Enabling relationship managers
- Providing suitable and compliant advice
- Improving the client experience
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10.10am
Presentation - EY’s Global Wealth Management Survey 2016
- EY’s wealth management practice surveyed more than 2,000 individual clients and 60 wealth management senior executives globally to demystify client experience and uncover potential revenue opportunities for wealth managers
- There is approximately USD120 trillion of client assets managed by global wealth managers, and 4 out of 10 clients are open to switching wealth managers under the right circumstances
- This represents a USD175 billion to USD200 billion global revenue opportunity for those firms willing to make strategic investments to deliver a superior client experience, while others may find themselves at risk of losing a substantial portion of their current business
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10.25am
Refreshment & Networking
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10.55am
Panel Discussion
Will private banking in Asia thrive or wither?
- How is the competitive landscape evolving?
- International versus local banks – who is best-placed over the next decade?
- What scale is required to succeed in today’s environment?
- Can Hong Kong become a more important global private wealth hub?
- What should the regulators do to facilitate the further development of the industry?
- How should private banks adapt to thrive?
Chair
Speakers
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11.45am
Presentation - Getting onto a bank’s funds distribution platform
Stewart AldcroftLangley Castle Consulting
- The 4Ps of fund distribution
- Platform approval process
- Why retail distribution in Asia has become more difficult
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12.00pm
Presentation - The changing landscape of overseas real estate: the China factor
- Where are Chinese individual investors most active in property markets around the world contributing to price hikes?
- What are the main reasons they buy property overseas? And how does that compare to other foreign investors?
- How about the super-rich? What kind of properties are they interested in?
- What has been the main driver for the outflow of wealth?
- What is the impact of the buying spree by Chinese individuals on market dynamics in markets, including gateways?
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12.15pm
Panel Discussion
Asset management - getting access to the China opportunity
- What opportunity does China represent to foreign asset managers?
- What is the most relevant product set to provide diversification and offshore opportunities for Chinese investors looking overseas?
- How is the distribution model likely to change over the next 10 years?
- What are the remaining regulatory hurdles to doing business across borders? How are you addressing them?
- Many asset management companies find it difficult to get long-term partnerships in China that work. How do you tackle this?
- In reality – how will digital effect your business?
Chair
Speakers
Ken TamManaging Director and Head of Asia for RBC Investment Management
RBC Global Asset Management
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1.05pm
Lunch & Networking
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1.55pm
Panel Discussion
The future of retail banking in wealth management
- What’s the outlook for retail banks in wealth management in Hong Kong?
- Can Hong Kong banks compete with Chinese players? Do they need to?
- Which client segments will be most lucrative in the next 5 to 10 years?
- How is the product offering and platform likely to evolve?
- How do platforms and client touch-points need to be developed to cater to the retail customers of tomorrow?
Chair
Speakers
Janet ChongExecutive Director, Chief Operating Officer, Consumer Banking Group and Wealth Management
del-DBS
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2.45pm
Presentation - Customer due diligence - identifying source of wealth
- What is AML and CTF?
- Overview on risk-based approach when doing KYC
- The importance of knowing ‘SOW’, ‘SOI’ and ‘SOF’
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3.00pm
Presentation - Emergence of Asian multi-family offices: a new option for those looking for service beyond brand
- The changing landscape of Asian wealth management: senior bankers offering their services in a regulated environment but outside the traditional banking platform
- For the sophisticated and entrepreneurial investor that requires more than a standard wealth management offering
- For the senior banker looking to focus on being a lot of things to a limited number of clients
- Why the concept has emerged and how will it evolve in the foreseeable future
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3.15pm
Refreshment & Networking
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3.45pm
Panel Discussion
Insurance companies – getting their arms around the China opportunity
- How do you play a role as more Chinese wealth moves offshore in search of protection and other wealth solutions?
- What’s the right product and proposition?
- How can insurers capture and be successful in the Chinese market?
- Where is the next trend or new innovation in insurance for wealthy Chinese?
- What are the challenges?
- How do insurance companies need to adapt to the digital revolution in China?
- Where will disruption come from?
Chair
Speakers
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4.35pm
Panel Discussion
How will Chinese families diversify, protect and grow their wealth?
- What advice do Chinese families need in today’s complex world?
- What are the risks for Chinese HNW clients? Such as upcoming estate taxes, inheritance taxes, changes in payment methods, etc
- Onshore versus offshore models – where is the most growth going to come from?
- How can you make the most of the offshoring of Chinese wealth?
- What is the impact of transparency and tax initiatives such as FATCA and CRS on the advice you now need to give Chinese clients?
- How will assets transfer across generations? What can you do to participate in this opportunity?
Chair
Speakers
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5.25pm
Forum Ends
Wealth THINK 2016
Island Shangri-La,Hong Kong
Xiao Feng Zhong
Amundi Asset Management
Eleanor Wan
BEA Union Investment
Tan Feng Cheng
BNP Paribas Asset Management
Steven Sieker
Baker McKenzie
Nigel Rivers
Capital Solutions
Thusitha De Silva
Cerulli Associates
Bassam Salem
Citi Private Bank
Neil Harvey
Credit Suisse
Janet Chong
DBS Private Bank
Robert Rooks
Deloitte
Alvin Ma
EFG International
Alexandre Viale
EY
Thomas Young
Generali
Ronald Lee
Goldman Sachs
Rosita Lee
Hang Seng Bank
Timothy Lo
Indosuez Wealth Management
Eddy Wong
J.P. Morgan Asset Management
Michael Olesnicky
KPMG
Piers Brunner
Knight Frank
Philippe Legrand
LCA Solutions
James Mirfin
LSEG
Stewart Aldcroft
Langley Castle Consulting
Jung Ho Rhee
Mirae Asset Global Investments
Ken Tam
RBC Global Asset Management
Jonathan Ha
Red Pulse
Alan Armitage
Standard Life
Roger Steel
Sun Life Financial
Howard Bilton
The Sovereign Group
Bobby Bok
Thomson Reuters
Peter McMillan
Thomson Reuters
Henry Fu
Thomson Reuters
Michael Blake
UBP
Martin Crawford
Vistra Private Wealth
Joseph Tam
Wing Lung Bank
Alan Luk
Winner Zone Asset Management
Kevin Lee
Zhong Lun Law Firm
Wealth THINK 2016
Island Shangri-La,Hong Kong