View the content created from this discussion
Watch the On Demand version of this discussion

 

There is plenty happening in the Malaysian wealth management market, as incumbents and new entrants jostle for position, from new leaders coming to take the reins at some of the bigger name local and global banks and firms, to the arrival of new strategic partnerships, new strategic visions being launched to propel Islamic wealth management, so on and so forth. The Malaysian financial markets are more mature than most of the fellow ASEAN countries aside of course from Singapore, and as HNW and UHNW wealth is relatively older, more of those clients have, for years, and often decades, spread their investments across the border to Singapore, or further afield to Hong Kong or even to London and Switzerland.

A core challenge for Malaysia has therefore been to boost its onshore proposition and diversify the products and advisory offering in order to draw more of the AUM back onshore, but also to make sure that as much of the newer wealth remains under management in Malaysia, and that the growing ranks of younger wealthy inheriting so much of the founder/first-generation, even second-generation wealth are also properly serviced onshore. And of course, the region-wide drive to digitisation to cater to the newer demographics and the remote working environment is vitally important to the wealth market’s development.

Malaysia also has a significant percentage of Muslims in its population, and the drive towards Islamic wealth management is an increasingly important element of the overall model on offer in Malaysia; hence we are seeing some interesting developments there, for example giant Maybank’s comprehensive Islamic Wealth Management plan for the future, released in late July this year.

The Hubbis Digital Dialogue discussion of November 2 will analyse how Malaysia’s wealth market is evolving to cater to the evolving client base of today and the decades ahead, and how it can compete more effectively with the offshore models that many of the older wealthy in the country have traditionally sought out since the 1990s, when the country’s private wealth really started to flourish and boom.

There is certainly plenty of room for Malaysia’s market to grow robustly alongside those more well-established offshore financial centres, as long as participants in Malaysia can manage the tighter regulatory demands, boost the array of investment products and solutions, and if they continue to develop the Islamic finance wealth market. At the same time, the incumbent players will need to compete energetically and smartly against new entrants that have been becoming more prominent locally as the regulators continue to gradually liberalise the financial markets.

Nov 2

Drive to Boost Malaysia’s Wealth Management Market

3.00pm - 4.00pm HKT/SGT

Featured Partners
All Partners

A community of leading organisations within Asian Wealth Management

Featured speakers
All event speakers

Senior figures in Asian Wealth Management are speaking at this event

Carolyn Leng

Chan Ai Mei

Affin Hwang Asset Management

Jovin Shen

CREALOGIX

Lakshey Gangwani

InvestCloud

Wai Ken Wong

StashAway

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.

Latest event content
All event content

Experience our latest event for yourself

INDEPENDENT WEALTH MANAGEMENT FORUM - Singapore 2024

3.00pm - 4.00pm HKT/SGT

Hubbis was delighted to host the 2024 Independent Wealth Management Forum in Singapor...

read more

Get involved in Hubbis events

Sponsor an event

I’m looking to sponsor an event
I’m looking to become a speaker

Contact Us
Event Agenda
download pdf
  • 3.00pm

    Malaysia’s Wealth Management Market and the Drive to Boost the Onshore Offering and Proposition

    • How are asset managers and wealth managers evolving to engage the post-pandemic era?
    • How has Covid-19 changed client communication and sales? Is this change permanent?
    • The costs saved (entertainment and travel) has been spent on what?
    • What does client experience mean to you?
    • Has demand for investment products stayed strong? And for what type of themes or strategies?
    • Are banks still the dominant wealth management players? Or are any new entrants making inroads?
    • How are firms accelerating their digital transformation?
    • Can digital channels be successful by themselves – or is this all about partnerships?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Chan Ai Mei

    Chief Marketing & Distribution Officer

    Affin Hwang Asset Management

    Lakshey Gangwani

    Regional Sales Director

    InvestCloud

    Carolyn Leng

    Private Client Adviser

    Wai Ken Wong

    Country Manager, Malaysia

    StashAway

  • 4.00pm

    Webinar Ends

Nov 2

Drive to Boost Malaysia’s Wealth Management Market

3.00pm - 4.00pm HKT/SGT

Speakers

Carolyn Leng

Chan Ai Mei

Affin Hwang Asset Management

Jovin Shen

CREALOGIX

Lakshey Gangwani

InvestCloud

Wai Ken Wong

StashAway

Nov 2

Drive to Boost Malaysia’s Wealth Management Market

3.00pm - 4.00pm HKT/SGT

Partners
Nov 2

Drive to Boost Malaysia’s Wealth Management Market

3.00pm - 4.00pm HKT/SGT