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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 29th September 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.

Sep 29

The evolution of Malaysian wealth management

3.00pm - 4.00pm HKT/SGT

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A community of leading organisations within Asian Wealth Management

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Senior figures in Asian Wealth Management are speaking at this event

Carolyn Leng

Bordier & Cie

Wai Ken Wong

StashAway

Reuben Tan

OCBC Bank

Anurag Pandey

additiv

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Event Agenda
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  • 15.00pm

    The evolution of Malaysian wealth management

    • What is your vision for wealth management in Malaysia in a Post Covid-19 world?
    • How are you improving your platform and proposition?
    • In this more challenging environment – how are driving revenue and keeping cost under control?
    • What growth potential lies ahead?
    • How is the private client base evolving, and how are clients’ needs and expectations changing?
    • What are the challenges to further growth?
    • How are firms accelerating their digital transformation?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Carolyn Leng

    Managing Director

    Bordier & Cie

    Reuben Tan

    Head of Wealth Management

    OCBC Bank

    Anurag Pandey

    Head of Platform and Partnerships (APAC)

    additiv

Sep 29

The evolution of Malaysian wealth management

3.00pm - 4.00pm HKT/SGT

Speakers

Carolyn Leng

Bordier & Cie

Wai Ken Wong

StashAway

Reuben Tan

OCBC Bank

Anurag Pandey

additiv

Sep 29

The evolution of Malaysian wealth management

3.00pm - 4.00pm HKT/SGT

Partners
Sep 29

The evolution of Malaysian wealth management

3.00pm - 4.00pm HKT/SGT