We were delighted to host our 3rd Singapore-based summit of leaders in wealth management from Asia and globally – especially amid a highly-challenging business, regulatory and investment environment.
360 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
Westin Hotel, Singapore
A community of leading organisations within Asian Wealth Management
Senior figures in Asian Wealth Management are speaking at this event
Amit Shah
360 ONE Wealth
Vineet K Vohra, CFA
Arete Consulting
Nick Pollard
CFA Institute
Tanmai Sharma
Canopy
Thusitha De Silva
Cerulli Associates
Murli Adury
Citi
Adam Cowperthwaite
Citi Private Bank
Bassam Salem
Citi Private Bank
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INDEPENDENT WEALTH MANAGEMENT FORUM - Singapore 2024
Westin Hotel, Singapore
Hubbis was delighted to host the 2024 Independent Wealth Management Forum in Singapor...
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8.40am
Registration
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9.00am
Welcome Address
Patrick DonaldsonGlobal Head of Wealth Solutions, Sales Strategy & Execution
Refinitiv, an LSEG Business
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9.05am
Panel Discussion
Stuck between a rock and a hard place
- What are the opportunities and challenges you face today?
- How will the Asian wealth management industry adapt and evolve to deal with the challenges that exist?
- How would you describe the opportunity that the growth in wealth represents to you?
- Who is likely to build a profitable and sustainable platform and proposition in the years to come?
- How do we navigate the regulatory challenges – but not kill the industry?
- Given the changing framework around suitability – is it still possible to add value to clients?
Chair
Speakers
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9.55am
Presentation - Risk & compliance – an inconvenient truth
- Like it or not, wealth managers have to deal with rules & regulations
- Using the right vendors, can they turn risk & compliance into a competitive advantage?
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10.10am
Presentation - Can I cut compliance in half and still keep my license?
- Do I need a compliance department at all?
- Cut in half: people or cost?
- What’s the right number of people in compliance?
- Onshore vs offshore – what drives cost efficiency?
- Peel off the compliance label to reduce cost
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10.25am
Refreshment & Networking
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10.55am
Panel Discussion
Onshore versus offshoring – that is the question?
- Is the big opportunity now onshore?
- How is the wealth management proposition improving in local markets?
- How quickly will the product and service offering develop?
- What does Indonesian tax amnesty mean for Singapore - and you?
- Can you engage the onshore wealth management opportunity?
- Should foreign players compete or collaborate with onshore institutions?
- How do you decide who to partner with?
- What’s the role that wealth hubs like Singapore and Hong Kong will play in the future?
Chair
Speakers
Vincent MagnenatLimited Partner, Global Head of Strategic Alliances, Asia Regional Head
Lombard Odier
Amit ShahChief Executive Officer, Co-founder and Member of the Board IIFL Asset Management
360 ONE Wealth
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11.45am
Presentation - How to make your value proposition unique
- Professionalism, standards, diversity and more
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12.00pm
Presentation - Retail investor dynamics in Singapore’s asset management market
- Are asset managers are responding to private banks’ outlook on investment products? How convinced are retail investors about investing in such products?
- Are private banks’ attempts to shift into fee-for-advice models hitting the spot with retail investors?
- An increase in digital engagement in wealth management is the only area where providers and customers agree on. But what are retail investors’ main concerns about digital advice, ie. robo-advisers?
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12.15pm
Panel Discussion
What does it take to succeed in a new world of wealth management?
- What do clients look for from anyone who services them in wealth management today?
- Who are the real competitors of tomorrow?
- What’s the role for the many different market players – international and regional banks, insurance companies, IFAs, independent wealth managers and others?
- Do we really understand the needs of our clients?
- Are we in a position to service those needs?
- What’s our unique proposition? What are we really good at?
- What does a client want from a private bank – and their banker today?
- Do we need to re-think how we communicate with and educate clients?
Chair
Speakers
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1.05pm
Lunch & Networking
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1.55pm
Panel Discussion
Can we fix the talent problem?
- With the number of private bankers in Singapore and Hong Kong falling – who will replace them?
- What are the consequences of the unprecedented number of expats leaving?
- How as an industry can we attract young, engaging and competent individuals?
- What do we have to do as an industry to make sure we remain relevant?
- Do we need to re-think the role we play as bankers?
- Given that private bankers today make less money and face a greater administrative burden, why does anyone want to be a private banker today?
- Can we bring back the fun to private banking?
Chair
Speakers
David KoayManaging Director, Head of Relationship Management, ASEAN, Private Bank
Standard Chartered Bank
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2.45pm
Presentation - Open platform technology – leverage & connect your systems
- Building your own applications within an open platform can connect multiple data sources
- This allows users to leverage big data and analytics to brings actionable insights across a number of different use cases
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3.00pm
Presentation - Removing the funds penetration blockage
- What are the challenges to greater funds penetration in Asia?
- What are the best practices among fund gatekeepers?
- How to open the funds funnel a bit wider
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3.15pm
Refreshment & Networking
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3.45pm
Presentation - Common Reporting Standard amendments in 2017
- Assumed non-reporting strategies which won’t work despite legal opinion to the contrary
- Is there any structure which cannot be affected by CRS / FATCA amendments?
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4.15pm
Panel Discussion
How can you deliver investment performance for your clients today?
- Do we really have needs-based conversations with our clients and offer them solutions?
- How do you make any money today for yourself and your clients, especially given the interest rate environment?
- How do you generate income for your clients today?
- What do you need to re-structure your product platform to make it profitable?
- Do we have any interesting products for our clients? Or will they look elsewhere?
- How do you navigate the regulatory environment around investment suitability?
- What the role for digital as a disruptive force in the product pipeline?
Chair
Speakers
Gebhard GiselbrechtManaging Director, Head of Strategy & Products for Asset Management - CH/EMEA
UBS
Michael ThompsonExecutive Vice President, Head of Singapore office and Head of Wealth Management Group Asia (ex-Japan)
PIMCO
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5.05pm
Forum Ends
Wealth THINK 2016
Westin Hotel,Singapore
Amit Shah
360 ONE Wealth
Vineet K Vohra, CFA
Arete Consulting
Nick Pollard
CFA Institute
Tanmai Sharma
Canopy
Thusitha De Silva
Cerulli Associates
Murli Adury
Citi
Adam Cowperthwaite
Citi Private Bank
Bassam Salem
Citi Private Bank
Stefan Kuhn
Credit Suisse
Tan Su Shan
DBS Bank
Mark Smallwood
Deutsche Bank Wealth Management
Urs Palmieri
EY
Philipp Piaz
Finaport
Urs Brutsch
HP Wealth Management
Rolf Haudenschild
Ingenia Consultants
Julian Kwan
InvestaX
John Cappetta
Julius Baer
Vincent Magnenat
Lombard Odier
Mark Morris
Mark Morris Consulting
Vikram Nimkar
N/A
Michael Thompson
PIMCO
Kai Yang Lee
RHB Asset Management
Patrick Donaldson
Refinitiv, an LSEG Business
David Koay
Standard Chartered Bank
Michael Benz
Synpulse
Marie Ramlie
TMB Bank
Martin Frick
Temenos
Matthew Blume
Thomson Reuters
Julia Walker
Thomson Reuters
Aki Ranin
Tigerspike
Gebhard Giselbrecht
UBS
Herwig Van Hove
Vahoca
Andrew Hendry
Westoun Advisors
Wealth THINK 2016
Westin Hotel,Singapore