Compliance in Asian Wealth Management Forum 2016

Mr Patrick Dreyfuss joined DBS Bank in October 2014 as Chief Operating Officer of the Wealth Management Group upon the successful acquisition of the Asian private banking business of Societe Generale.

He joined Societe Generale Private Banking Asia (SGPB Asia)  in 2004, where he was responsible for the successful spin-off of the private banking operations  into a new legal entity – Societe Generale Bank & Trust (Singapore branch), and the set-up of a regional hub dedicated to private banking in Singapore. Prior to joining DBS, Patrick was Regional COO of SGPB Asia and was also Deputy Regional CEO since March 2011. He also acted as Project Director for Societe Generale when DBS announced its plans to acquire the French bank’s private banking franchise in Asia.

Prior to his appointments in Asia, he was with the Société Générale Group in Paris, France where he worked in the inspection department, responsible for high level audit & consulting assignments worldwide. Patrick has over 18 years of experience working in the financial sector, mainly in France, Luxembourg and Singapore.

Patrick is a French national and holds a degree from SUPELEC, a renowned engineering school in France.

David is responsible for overseeing the Private Bank’s compliance programs globally. Based in Singapore, he oversees teams in Singapore, Hong Kong, Mumbai, Dubai, London, Guernsey, and Jersey, focusing much of his attention on the bank’s Client Due Diligence processes and procedures as well as the suitability and sales processes of the bank’s diverse product offerings and services.

David joined Standard Chartered from Standard & Poor's (S&P) in New York where, from 2009 to 2012, he was the Global Chief Compliance Officer for S&P's Investment Services and Rating Services, respectively. Prior to S&P, David spent 5 years at Citi, working in Citi's Private Bank in both New York and Tokyo as well as in Citi's Investment Bank in Hong Kong, variably, in both legal and compliance roles.  

Ken is currently engaged by a global bank to build improvements in Financial Crime Surveillance processes, systems, controls and governance.

Previously, he held the position of Head, Risk Control and Governance for ANZ Wealth and Private Bank Asia, heading the 1st Line of Defence and Middle Office functions across ANZ's Wealth foot-print in Asia. A tenured risk professional, he has also held various positions in Internal Audit, Risk and Assurance functions at American Express, JP Morgan, UBS, and Coutts & Co, with a focus on operational and compliance risk management frameworks in Wealth Management and Private Banking.

Ken also has a prior background in Financial Investigation, having served with the Commercial Affairs Department of the Singapore Police and also performed Forensic Advisory with KPMG.

Claudia is an Attorney, doctor in law and holder of an LL.M. degree (Singapore) with extensive practical expertise in financial market law acquired in leading Swiss law firms, a global bank and the Swiss Financial Market Supervisory Authority (FINMA). She is specialised in regulatory and related investigations, financial market law enforcement and a broad range of cross-border issues. Among other publications she is the author of the first handbook on internal investigations from a Swiss law perspective.

As the President and CEO of Manulife Financial Advisers, Koh Hoe Shin is responsible for overseeing the firm’s full operations and charting its strategic direction.

Hoe Shin has spent close to 20 years in the life and general insurance industry. He has held management positions in many leading insurance companies in Singapore, Philippines and Brunei, with his most recent appointment as the VP of Distribution Development for Manulife Singapore. In this capacity, he oversaw major strategic projects and managed the development of all the firm’s distribution channels. His other areas of expertise include training and development, sales management, profit centre management, as well as strategic planning and Marketing. He has won many awards such as the ' Best Agency Management awards' , "Regional best profit center awards" and was also involved with Singapore General Insurance Association young talent outreach program when he was in the general insurance industry . ( See the business Times Article 2007 below)

Hoe Shin is a graduate of the National University of Singapore and holds a Degree in Business Administration, majoring in Finance.

Andrew Chow is a Partner in the Financial Services Regulatory Practice. He has extensive experience in financial services regulatory matters, with an emphasis on banking and capital markets legal and compliance advisory. As one of the first dedicated compliance professionals in Singapore, Andrew has worked for various international financial institutions across the Asian region. He advises on a wide spectrum of regulatory issues and developments, and has previously guided each of the financial institutions he worked in on regulatory compliance with statutes, regulations, notices and guidelines in Singapore including the Banking Act, the Securities and Futures Act (SFA), the Financial Advisers Act (FAA), the Trust Companies Act, the Commodity Trading Act administered by the Monetary Authority of Singapore (MAS) and other regulatory bodies. Apart from his advisory roles, he also developed the compliance processes and procedures for those institutions, including other risk, operational and IT policies and procedures where legal and compliance input was essential. In the 16 years prior to joining WongPartnership, the financial institutions Andrew worked for were: Standard Chartered Bank, where he established the compliance department, and was actively involved in managing the issues surrounding the collapse of Baring Futures and its parent; and Baring Brothers & Co. in the UK. He then moved to Toronto Dominion Bank/TD Waterhouse, where he led in the establishment of TD Waterhouse in Hong Kong as one of the first Asian discount brokers while overseeing TD Bank's transactions through the Asian Financial Crisis. The next institution was Schroders, which was acquired by Salomon Smith Barney as part of Citigroup. At Salomon, Andrew was the author of the application for the first unified securities and futures membership on the Singapore Exchange, and also managed the issues arising from the dot.com bust, the collapse of WorldCom and Enron, and the tragic event of 9/11. As the Country Compliance Officer for Citibank, Singapore Branch, he has covered all aspects of Citi's comprehensive footprint in Singapore, including its global technology function locally. He was also actively involved in the integration of the Lehman businesses into Nomura in Asia (ex-Japan). Andrew speaks regularly at seminars organised by the Association of Banks in Singapore, the Institute of Banking and Finance, the Wealth Management Institute, where he leads in Ethics and Compliance training for private banking and wealth management, Hubbis for private banking, the Compliance Professionals Association of Singapore and the Robert Half-ICPAS Financial Leadership Forum. He is also a committee member of the Financial Industry Competency Standards (FICS) Compliance Working Group. Andrew graduated from the National University of Singapore.  He is admitted to the Singapore Bar and is also an Attorney-at-Law, New York State Bar.

Evelyn is Head, Network Compliance, Wealth Management  at Standard Chartered Bank, based in Singapore. Prior to this she was head of compliance APAC Wealth Management at Royal Bank of Canada.  Until 2011, she was the Asia regional head of equities compliance for UBS based in Hong Kong for almost five years. She was also with Merrill Lynch for almost 10 years based in Singapore, Bangkok and Hong Kong, with responsibilities for derivatives compliance for the Asia Pacific region and country compliance coverage for Thailand, Korea, India, Taiwan, Singapore and Australia. With over 20 years of dedicated Compliance experience, Evelyn has a strong background in product advisory, private banking, strategic development of Compliance framework and teams.
 

Steve is a Swiss national who now calls Singapore home. He joined Swiss-Asia in January of 2008, and has 20 years’ experience working in the Trading, Wealth Management and Alternative Funds space. Before joining the Swiss-Asia team, Steve spent 10 years as the Head of Trading and Treasury for Swissquote Bank in Geneva. Steve specialises in translating business goals and visions into actionable, profitable and sustainable business lines. He conceptualises and builds Swiss-Asia’s projects from the ground up, handling all required negotiation and structuring of deals throughout the Asian market. He is an innovator who delivers solid projects in which he is responsible for all aspects of risk, compliance, finance and operations. Steve is a respected industry expert whose dedication to Swiss-Asia’s delivery of excellence, integrity, and financial independence garner many invitations to speak regarding the current climate and future of Wealth Management and Alternative Investments. He is a frequent lecturer at the Singapore Management University (SMU) MBA Class and guest speaker at many International Wealth Management Conferences and Forums throughout Asia. In addition to his role as COO & Managing Partner for Swiss-Asia, Steve is the President of the Association of Independent Asset Managers in Singapore (AIAM). AIAM is committed to the growing Independent Asset Management Industry and its role in strengthening Singapore’s economy. Steve is also registered as a Professional Director with the Cayman Islands Monetary Authority and sits on the board of Directors of a large panel of Hedge Funds.

Joanna joined Withersworldwide in 2015, following the Formal Law Alliance (FLA) between Withers and Singapore law firm KhattarWong LLP. She is a partner of KhattarWong’s tax and private client practice group, focusing on revenue law and in resolving tax disputes with the Inland Revenue Authority of Singapore (IRAS).

Joanna has more than a decade of experience in advising all areas of Singapore taxation, in particular, income tax, goods and services tax, property tax, stamp duties and tax treaties. Prior to joining KhattarWong in 2014, Joanna was a Senior Legal Specialist with the IRAS where she advised the authority on complex and novel points of revenue law. She has also represented the authority in criminal prosecutions, and hearings before all tax tribunals and the Supreme Court as both lead counsel and co-counsel in landmark cases including Singapore’s first tax avoidance case.

Andrew Au is co-founder and Chief Executive Officer at AGDelta, an award winning digital wealth management technology solutions provider. He has more than 20 years' experience in investment banking and Financial Services industry, worked for top-tier global banks including Bankers Trust, Macquarie and Deutsche Bank and Global Financial Technology providers like SunGard before he founded AGDelta in 2004. Andrew is a frequent speaker at Wealth Management industry thoughts-leadership forums and an active industry participant in helping define and promote standards in the electronic trading of wealth investment products. Over the past 10 years he has been actively engaging retail and private banking institutions globally in transforming their business by leveraging E-commerce and digital channel models and technology. Andrew is active in the wider entrepreneurial community and was awarded in late 2013 the Spirit of the Enterprise Honoree Award in Singapore. His qualifications include a Bachelor in Business from the University of Technology, Sydney and postgraduate studies in Applied Finance from Macquarie University Australia. Andrew also sits on the Board of Contineo, an industry backed initiative to connect buyers and sellers of structured investment products.

Mark Büsser studied Aeronautical Engineering at the ETH (Federal Institute of Technology, Zürich, Switzerland) and holds an MBA from IMD. He started his career in management Consulting, then led a big machine tool company before founding IMTF group, which he has successfully built up and managed for over 29 years to become a market leader in administrative process automation (Onboarding, Client Life cycle management, loan origination, etc.)  Content Management and Compliance in Switzerland and over 50 countries.

Byron has worked closely with international private clients 17 years. His focus and experience has largely been within the HNW expatriate arena in South-east Asia and for the past 12 years he has been based and licensed in Singapore.

His previous roles have included regional director and managing director, and he now heads the private wealth management proposition for Globaleye’s flagship Singapore office.

Committed to both personal and professional development and fully qualified through both international and Singapore-centric financial planning exams, Byron currently holds Associate Wealth Planner (AWP) status and is well on the way to completing the internationally recognised Certified Financial Planner Accreditation (CFP). Byron is married and a permanent resident of Singapore.

Julia leads the private banking industry group in PwC Singapore. In this capacity, she works with a multi-disciplinary team to drive PwC firm-wide efforts to develop industry solutions for PwC’s private banking clients from strategy to execution. Julia has personally led both advisory and assurance projects through her different roles in PwC – functional partner delivery role as a GRC (governance, risk and control) specialist, industry role leading PwC private banking market initiatives and client relationship partner role for select priority FS clients of PwC.

Across all three roles, she works with C-level executives and emerging leaders to support them in protecting and adding value to their business. She is a member of the PwC global private banking community and also acts as a juror on the FT Private Banking Award run by PWM (Professional Wealth Management).

She was also on the 2016 editorial team of the UBS-PwC Billionaire research. She is a Fellow member with the Institute of Chartered Accountant of England and Wales and a Certified Internal Auditor. 

Tan Woon Hum is widely regarded as one of the rare senior market leaders specialising in investment funds, REITs and trusts, especially Variable Capital Companies (VCCs) and family offices. He heads a team of specialist lawyers in the Trust, Asset & Wealth Management practice at major Singapore law firm Shook Lin & Bok LLP. He is ranked as a Band 1 leading investment funds lawyer by Chambers Asia-Pacific since 2014 and top 100 lawyer in Singapore by Asia Business Law Journal in 2023. He advises on fund formation, (including hedge funds, private equity funds, venture capital funds, real estate funds and single-family funds) using Singapore funds (including VCC) and offshore funds structures (eg. Cayman LP funds and segregated portfolio companies). He drafts and reviews the full range of fund documents and is extremely well versed with independent asset managers, external asset managers, multi-family offices and single-family offices, and has an extremely strong track record in securing the relevant regulatory licences and exemptions. His excellent and long-term professional relationship with the local regulators, authorities and major industry players add credence to his practice. He has advised on and helped clients launched about 100 VCCs as at May 2023. He has extensive experience in advising private clients (including ultra-high net worth individuals and single-family offices) and trustees on the establishment of private trusts, family offices, single-family funds, Sections 13O and 13U (formerly 13R and 13X) structures and drafts trust documents, fund documents, global investor programme documents and family charters. Woon Hum is bi-lingual (English and Mandarin), has a law degree and a MBA (Finance). He is a highly sought after speaker and speaks regularly at public conferences, forums and seminars since 2002 in Singapore, Beijing, Shanghai, Hong Kong, Dubai, Bangkok, Ho Chi Minh and Kuala Lumpur.

<p>Simon Wong career started in Canada 15 years ago and since then has helped countless companies and clients achieve their strategic objectives by presenting ideas and recommendations that help solve problems. &nbsp;&nbsp;</p> <p>Simon joined AG Delta because he believes technology can bring positive change to wealth management industry. &nbsp;During his tenor, He has advised and worked with some of the most reputable wealth management institutions and has therefore developed a deep understanding in various aspects of wealth management operations including advisory, compliance, and trading workflow. &nbsp;</p>

Stephanie Magnus is a Principal in the Corporate & Securities practice group in Singapore, and heads up the Financial Services and Regulatory Practice in Singapore. She has significant experience in compliance, and focuses on regulatory issues, particularly in the financial services, insurance and commodities sectors. Her practice also includes mergers and acquisitions in the financial services sector. Stephanie regularly advises international banks, capital markets intermediaries, fund managers, insurance companies and other financial institutions on financial services compliance and regulatory matters, and works closely with her clients to navigate these matters. Stephanie was named in Chambers Asia Pacific for her "timely, practical and business oriented" advice, with a "deep understanding of the regulatory regime.. "

Mr Patrick Dreyfuss joined DBS Bank in October 2014 as Chief Operating Officer of the Wealth Management Group upon the successful acquisition of the Asian private banking business of Societe Generale.

He joined Societe Generale Private Banking Asia (SGPB Asia)  in 2004, where he was responsible for the successful spin-off of the private banking operations  into a new legal entity – Societe Generale Bank & Trust (Singapore branch), and the set-up of a regional hub dedicated to private banking in Singapore. Prior to joining DBS, Patrick was Regional COO of SGPB Asia and was also Deputy Regional CEO since March 2011. He also acted as Project Director for Societe Generale when DBS announced its plans to acquire the French bank’s private banking franchise in Asia.

Prior to his appointments in Asia, he was with the Société Générale Group in Paris, France where he worked in the inspection department, responsible for high level audit & consulting assignments worldwide. Patrick has over 18 years of experience working in the financial sector, mainly in France, Luxembourg and Singapore.

Patrick is a French national and holds a degree from SUPELEC, a renowned engineering school in France.

Mark Büsser studied Aeronautical Engineering at the ETH (Federal Institute of Technology, Zürich, Switzerland) and holds an MBA from IMD. He started his career in management Consulting, then led a big machine tool company before founding IMTF group, which he has successfully built up and managed for over 29 years to become a market leader in administrative process automation (Onboarding, Client Life cycle management, loan origination, etc.)  Content Management and Compliance in Switzerland and over 50 countries.

Joanna joined Withersworldwide in 2015, following the Formal Law Alliance (FLA) between Withers and Singapore law firm KhattarWong LLP. She is a partner of KhattarWong’s tax and private client practice group, focusing on revenue law and in resolving tax disputes with the Inland Revenue Authority of Singapore (IRAS).

Joanna has more than a decade of experience in advising all areas of Singapore taxation, in particular, income tax, goods and services tax, property tax, stamp duties and tax treaties. Prior to joining KhattarWong in 2014, Joanna was a Senior Legal Specialist with the IRAS where she advised the authority on complex and novel points of revenue law. She has also represented the authority in criminal prosecutions, and hearings before all tax tribunals and the Supreme Court as both lead counsel and co-counsel in landmark cases including Singapore’s first tax avoidance case.

Stephanie Magnus is a Principal in the Corporate & Securities practice group in Singapore, and heads up the Financial Services and Regulatory Practice in Singapore. She has significant experience in compliance, and focuses on regulatory issues, particularly in the financial services, insurance and commodities sectors. Her practice also includes mergers and acquisitions in the financial services sector. Stephanie regularly advises international banks, capital markets intermediaries, fund managers, insurance companies and other financial institutions on financial services compliance and regulatory matters, and works closely with her clients to navigate these matters. Stephanie was named in Chambers Asia Pacific for her "timely, practical and business oriented" advice, with a "deep understanding of the regulatory regime.. "

<p>Francis is responsible for the distribution risk and compliance of &nbsp;Great Eastern Life Singapore since 2014.</p> <p>He joined Great Eastern Life &nbsp;in 2010, where he was responsible for the successful expansion of &nbsp;bancassurance business in Indonesia &nbsp;as &nbsp;Head of &nbsp;Bancassurance, Great Eastern Life Indonesia. He led a strong team &nbsp;to develop, market and distribute bancassurance products through a local bank branch network across Indonesia archipelagos.</p> <p>Prior to his appointments in Great Eastern Life, &nbsp;he was with OCBC Bank Singapore since 2000 where &nbsp;he was in the distribution management, responsible for operational of &nbsp;branches and sales management of consumer banking products. &nbsp;He managed a cluster of &nbsp;branches/premier centres &nbsp;consist of &nbsp;operation &nbsp;team to deliver &nbsp;excellent customer service and sales team with proven track record. &nbsp; &nbsp;</p> <p>Francis &nbsp;has over 20 years of experience working in the financial sector (banking and insurance), mainly in Singapore, Malaysia and Indonesia. He holds a Master of &nbsp;Financial Planning (USQ, Australia), CFP (Singapore) and Specialist Diploma in Liquidity &amp; Balance Sheet Management (RMI- NUS, Singapore).</p>

Steve is a Swiss national who now calls Singapore home. He joined Swiss-Asia in January of 2008, and has 20 years’ experience working in the Trading, Wealth Management and Alternative Funds space. Before joining the Swiss-Asia team, Steve spent 10 years as the Head of Trading and Treasury for Swissquote Bank in Geneva. Steve specialises in translating business goals and visions into actionable, profitable and sustainable business lines. He conceptualises and builds Swiss-Asia’s projects from the ground up, handling all required negotiation and structuring of deals throughout the Asian market. He is an innovator who delivers solid projects in which he is responsible for all aspects of risk, compliance, finance and operations. Steve is a respected industry expert whose dedication to Swiss-Asia’s delivery of excellence, integrity, and financial independence garner many invitations to speak regarding the current climate and future of Wealth Management and Alternative Investments. He is a frequent lecturer at the Singapore Management University (SMU) MBA Class and guest speaker at many International Wealth Management Conferences and Forums throughout Asia. In addition to his role as COO & Managing Partner for Swiss-Asia, Steve is the President of the Association of Independent Asset Managers in Singapore (AIAM). AIAM is committed to the growing Independent Asset Management Industry and its role in strengthening Singapore’s economy. Steve is also registered as a Professional Director with the Cayman Islands Monetary Authority and sits on the board of Directors of a large panel of Hedge Funds.

Michael has an extensive background in financial services in Asia, Europe and North America. He has been in Asia-Pacific since 1995 – first in Hong Kong for six years, then in Sydney and Singapore, returning to Hong Kong in 2007. Before setting up Hubbis in early 2009, Michael founded Pacific Prospect in 2002 and sold it to global business-to-business publisher Incisive Media in 2006, continuing to serve as Chief Executive Officer until October 2008. Prior to Pacific Prospect, Michael worked for nine years in financial markets publishing. He joined Euromoney Publications in 1993 as the publisher of a quarterly magazine, International Bond Investor. In 1995, Michael joined Thomson Financial Services (now Thomson Reuters) to conceive and launch Finance Asia magazine. While he was Managing Director of Finance Asia, Michael also started the Asian Debt Review, Asian Private Capital Magazine and started the Finance Asia Conference Business. In 1997, Michael founded FIA Limited. Born in North Wales, Michael was head boy of St David’s College Llandudno. He has a degree in Business Administration from Cardiff University. And is married with three children - Reanna, Garett and Tarryn.

Michael has an extensive background in financial services in Asia, Europe and North America. He has been in Asia-Pacific since 1995 – first in Hong Kong for six years, then in Sydney and Singapore, returning to Hong Kong in 2007. Before setting up Hubbis in early 2009, Michael founded Pacific Prospect in 2002 and sold it to global business-to-business publisher Incisive Media in 2006, continuing to serve as Chief Executive Officer until October 2008. Prior to Pacific Prospect, Michael worked for nine years in financial markets publishing. He joined Euromoney Publications in 1993 as the publisher of a quarterly magazine, International Bond Investor. In 1995, Michael joined Thomson Financial Services (now Thomson Reuters) to conceive and launch Finance Asia magazine. While he was Managing Director of Finance Asia, Michael also started the Asian Debt Review, Asian Private Capital Magazine and started the Finance Asia Conference Business. In 1997, Michael founded FIA Limited. Born in North Wales, Michael was head boy of St David’s College Llandudno. He has a degree in Business Administration from Cardiff University. And is married with three children - Reanna, Garett and Tarryn.

Michael has an extensive background in financial services in Asia, Europe and North America. He has been in Asia-Pacific since 1995 – first in Hong Kong for six years, then in Sydney and Singapore, returning to Hong Kong in 2007. Before setting up Hubbis in early 2009, Michael founded Pacific Prospect in 2002 and sold it to global business-to-business publisher Incisive Media in 2006, continuing to serve as Chief Executive Officer until October 2008. Prior to Pacific Prospect, Michael worked for nine years in financial markets publishing. He joined Euromoney Publications in 1993 as the publisher of a quarterly magazine, International Bond Investor. In 1995, Michael joined Thomson Financial Services (now Thomson Reuters) to conceive and launch Finance Asia magazine. While he was Managing Director of Finance Asia, Michael also started the Asian Debt Review, Asian Private Capital Magazine and started the Finance Asia Conference Business. In 1997, Michael founded FIA Limited. Born in North Wales, Michael was head boy of St David’s College Llandudno. He has a degree in Business Administration from Cardiff University. And is married with three children - Reanna, Garett and Tarryn.

Michael has an extensive background in financial services in Asia, Europe and North America. He has been in Asia-Pacific since 1995 – first in Hong Kong for six years, then in Sydney and Singapore, returning to Hong Kong in 2007. Before setting up Hubbis in early 2009, Michael founded Pacific Prospect in 2002 and sold it to global business-to-business publisher Incisive Media in 2006, continuing to serve as Chief Executive Officer until October 2008. Prior to Pacific Prospect, Michael worked for nine years in financial markets publishing. He joined Euromoney Publications in 1993 as the publisher of a quarterly magazine, International Bond Investor. In 1995, Michael joined Thomson Financial Services (now Thomson Reuters) to conceive and launch Finance Asia magazine. While he was Managing Director of Finance Asia, Michael also started the Asian Debt Review, Asian Private Capital Magazine and started the Finance Asia Conference Business. In 1997, Michael founded FIA Limited. Born in North Wales, Michael was head boy of St David’s College Llandudno. He has a degree in Business Administration from Cardiff University. And is married with three children - Reanna, Garett and Tarryn.

Michael has an extensive background in financial services in Asia, Europe and North America. He has been in Asia-Pacific since 1995 – first in Hong Kong for six years, then in Sydney and Singapore, returning to Hong Kong in 2007. Before setting up Hubbis in early 2009, Michael founded Pacific Prospect in 2002 and sold it to global business-to-business publisher Incisive Media in 2006, continuing to serve as Chief Executive Officer until October 2008. Prior to Pacific Prospect, Michael worked for nine years in financial markets publishing. He joined Euromoney Publications in 1993 as the publisher of a quarterly magazine, International Bond Investor. In 1995, Michael joined Thomson Financial Services (now Thomson Reuters) to conceive and launch Finance Asia magazine. While he was Managing Director of Finance Asia, Michael also started the Asian Debt Review, Asian Private Capital Magazine and started the Finance Asia Conference Business. In 1997, Michael founded FIA Limited. Born in North Wales, Michael was head boy of St David’s College Llandudno. He has a degree in Business Administration from Cardiff University. And is married with three children - Reanna, Garett and Tarryn.