DIGITAL WEALTH ASIA FORUM - HONG KONG 2018
We were delighted to host our annual Digital Wealth event in Hong Kong. Over 250 CEOs, CIOs, COOs, heads of technology / digital, and other senior practitioners attended – from a mix of Private Banks, Retail Banks, Insurance Companies, Independent Firms & Family Offices, Asset Management Companies, 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].
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.
At a time when financial institutions of all types are re-assessing their strategies for, and engagement with, all kinds of technology, we again realised our ambition of hosting a unique thought-leadership event at which many of the most influential participants in the Asian wealth management community could exchange ideas, information and build connections.
VIDEO HIGHLIGHTS - Videos
Their individual interviews can be accessed below:
Alan Luk, Hang Seng Private Banking
Andreas Wenger, IMTF
Audrey Wong, Quantifeed
Bassam Salem, Obuhi
Frank Henze, Trimantium GrowthOps
Matthew Chan, Mercer
Harle Mossman, FNZ
Jamie Spence, Asian Link
John Okoro, Orbium
Kimberley Cole, Fintech Adviser
Mark Wightman, EY
Mathias Helleu, 8 Securities
Michael Benz, Synpulse
Seamus Donoghue, Metaco
Silvio Struebi, Simon-Kucher & Partners
Tanmai Sharma, Canopy
Tariq Dennison, GFM Asset Management
Vippy Wong, Quinlan & Associates
EVENT CONTENT - Panel discussions
We held 5 interactive panel discussions throughout the day – which involved 22 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.
Digitalisation and its Impact on Wealth Management in Asia
Digitalisation is a watchword for the private banks and wealth management firms competing for a share of the rapidly-growing Asian high-net-worth and ultra-HNW client. A panel of experts at the Hubbis Digital Wealth Asia Forum exchanged some vital insights into their experience of the technology revolution washing over the industry.
Terence Tam Executive Director, Head of Wealth Management Technology, Asia ex-Japan, Global Information Technology Division, Nomura
Werner Schlossmacher Managing Director, Platform Solutions Group, APAC Solutions, Markets, Asia Pacific, Credit Suisse
Alan Luk Head of Private Banking & Trust Services, Hang Seng Private Banking
Jonathan Ha Chief Executive Officer, Red Pulse
Bénédicte Nolens Head of Regulatory Affairs for Asia and Europe & CCO for Asia, Circle
Virtual Banking in Hong Kong: Will it be More Hype than Impact?
The Hong Kong Monetary Authority in late August announced it had received 29 applications for its first virtual bank licences, with the applicants ranging from telecommunications operators and financial technology companies to global banks. Hubbis assembled a group of experts at the Digital Wealth Asia Forum to discuss the implications for the wealth management industry.
Michael Benz Senior Advisor/Digital Banking, Synpulse
Gary Ng Partner, Risk Assurance, PwC
Silvio Struebi Partner, Simon-Kucher & Partners
Ricardo Wenzel Director Advisory, Wealth & Asset Management. KPMG
Jacob Wai Chief Risk Officer, MoneySQ
Demystifying the Hype: Cryptocurrencies, Blockchain and AI
Panellists gathered at the Hubbis Digital Wealth Asia Forum to discuss the ever-evolving landscapes of digital assets, blockchain technology and AI. While digitalisation is certainly nascent, increased uptake, understanding, regulation and guidance are ensuring that technological advances are becoming increasingly beneficial for wealth management.
Christophe Lee Founding Partner, JP Asia Partners
Frank Henze Practice Lead - Financial Services IT, Trimantium GrowthOps
Mark Wightman Partner, Wealth & Asset Management Advisory, EY
Seamus Donoghue Vice President of Business Development, Metaco
Jamie Spence Founder & Managing Director, Asian Link
Women in FinTech - Shaping a New Future
A panel of all-female technology experts assembled to cogitate on the role of women in the digital revolution and to assess the implications of new advances in the wealth management industry. The panellists are all leading lights at the Fintech Association of Hong Kong, to which they offer their time and expertise above and beyond the demand of their senior roles in digital technology and regulatory affairs.
Bénédicte Nolens Head of Regulatory Affairs for Asia and Europe & CCO for Asia, Circle
Vippy Wong Partner, Quinlan & Associates
Michelle Chan Head of Business Development, FWD
Avril Parkin Committee Co-Chair for Big Data, Fintech Association of Hong Kong
Is Digital Faster, Cheaper & Better Wealth Management?
The Hubbis Digital Wealth Asia Forum concluded with a panel of experts debating how digital can make wealth management faster, better and more profitable. The conclusion was that most of the digital tools are already sufficiently advanced, but that the private banks and other wealth management businesses now need to be brave enough to adopt the new solutions. Meanwhile, nifty new competitors must focus intently on the wealth management clients of tomorrow.
Mathias Helleu Executive Chairman, 8 Securities
Tanmai Sharma Chief Executive Officer, Canopy
Clarie Kwa Director, 360F
Tariq Dennison Investment Specialist, Retirement Plans, GFM Asset Management
Gabriel Goh Head of Research and Development, Asia-Pacific, FNZ
Audrey Wong COO & CFO, Quantifeed
Matthew Chan Senior Consultant, Mercer
EVENT CONTENT - Presentations & Wealth TALKS
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 PDFs.
FNZ Accelerates Asia Expansion focusing on providing Digital Asset Wealth Transformation
Harle Mossman, Managing Director for North Asia at wealth technology company FNZ, made a presentation to delegates attending the Digital Wealth Asia Forum on the application of Blockchain, predictive analytics and Robo advisory within the wealth management sector.
Data and Account Aggregation is a Winner-Takes-All Game
Tanmai Sharma is the CEO and Founder of Canopy, a financial data company that aggregates data for client accounts into insightful investment analytics. He presented his insights into customer behaviour, telling attendees he has no doubt that deep data aggregation and analysis is the way forward in wealth management.
IMTF’s State-of-the-Art Solutions for Digital Onboarding in Wealth Management
The automation and digitisation of the Client Onboarding & Lifecycle management are fundamental for all private banks and financial institutions (FIs) to significantly decrease compliance and operational costs while at the same time increasing customer satisfaction. Dr Andreas Wenger, APAC General Manager of IMTF, the Swiss-based leader of process automation & digital transformation for the global financial industry, enlightened delegates on how RegTech solutions can help.
Orbium’s Road Map for Digital Transformation in the Wealth Management Industry
John Okoro, Head of Agile Practice at Swiss management and technology consulting firm Orbium, knows that for banks and other wealth management providers need a roadmap to chart their course through the difficult terrain towards digital transformations. He has exactly that, in the form of what Orbium calls ‘the four waves of agile’.
Smart Digital Communications for the Wealth Manager of Tomorrow
Shane Meredith, Director of Wealth & Advisory at SS&C Technologies, spoke at the Hubbis Digital Wealth Asia Forum in Hong Kong. Real-time digital client communications, he explained, must be part of the wider technological revolution in wealth management, as younger clients in Asia are demanding simple, real-time, transparent and effective communication. With this, success beckons. Without it, failure looms.
Cryptocurrency and Digital Asset Custody – Solving the Security Conundrum
Seamus Donoghue, Vice President of Business Development for Swiss technology solutions provider Metaco, is an expert in the world of digital custody, which is evolving fast, enabled by digitalisation and new transaction methodologies such as blockchain. He addressed the audience at the Hubbis Digital Wealth Asia Forum on the current state-of-the-art in the world of digital custody.
Monetise Effectively to Win the Digital Race to a Sustainable Future
Dr Silvio Struebi, Partner of Simon-Kucher & Partners, told the audience at the Hubbis Digital Wealth Asia Forum how FinTech disruptors have leapfrogged the digitalisation and monetisation race, leaving organisationally cumbersome banks in their wake. How then can the banks react to improve their competitive position, to innovate solutions, enhance their current product suite and build a sustainable revenue model?