Compliance in Asian Wealth Management Forum 2018

We were delighted to host our annual Compliance in Asian Wealth Management event in Singapore.  Over 375 CEOs, COOs, CIOs, senior management, compliance officers and RMs attended – from a mix of Private Banks, Retail Banks, Insurance Companies, Independent Firms & Family Offices, 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].

Content Highlights 

Video Highlights
Video Highlights Summary PDF
Photos
Event summary
Panel discussions
Presentations & Wealth TALKS
Videos

Post-event Report

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. 

Event Summary 

Compliance in the New Era of Regulatory Proliferation

Compliance issues are ever more onerous in both their sheer number, and their complexity, creating numerous challenges for private banks and wealth management firms of all sizes. The Hubbis Compliance in Asian Wealth Management Forum in Singapore on January 18 produced some fascinating insights.

Video Highlights

At the Forum we interviewed leading industry experts. 
Full Video Highlights
Video Highlights Summary PDF
I love compliance

Their individual interviews can be accessed below: 

Denise Lim, PwC
Matthew Maddocks, RISKflo
Andreas Wenger, IMTF
Rob Phillips, RP Digital Security
Alison Fidler, Standard Chartered Bank
Stefan Kuhn, Credit Suisse Private Banking
Rolf Haudenschild, Ingenia Consultants
Stefano Demichelis, Kroll
Jarrod Baker, FTI Consulting
Julia Leong, PwC
Peter Kiernan, Consultant
Vikna Rajah, Rajah & Tann
Woon Hum Tan, Shook Lin & Bok
Peter Coleman, United Security Solutions
Ville Oehman, Helvetic Investments
Conrad Lim, LGT Bank

Panel Discussions 

We held 6 interactive panel discussions throughout the day – which involved 27 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.

Hot Topics and Trends in Compliance in 2018
Compliance issues are ever more onerous in both their sheer number, and their complexity. Hubbis assembled a panel of experts from global and independent wealth management firms in Singapore to discuss the current state of play.

Panel Members
Stefan Kuhn, Head of Compliance, Private Banking, South-east Asia, Credit Suisse Private Banking
Conrad Lim, Managing Director and Deputy Chief Executive Officer, LGT Bank
Marina Woon, Head of Compliance & Risk, Schroders Wealth Management
Matthew Maddocks, Chief Risk Officer, RISKflo
Ville Oehman, Fund Manager, Helvetic Investments

Tax: Transparency is the New Norm – FATCA, CRS, AEOI and the Panama and Paradise Papers
The proliferation of new regulations worldwide, combined with deliberate data leaks to the media, has placed ever greater pressure on the global wealth advisory industry. In this new age of transparency, how can wealth advisers reconcile client needs with regulatory and moral obligations? 

Panel members
Fernando Gandioli, Partner, Withers KhattarWong
Peter Kiernan, Independent Consultant
Vikna Rajah, Partner, Head of Tax, Trust & Private Client, Rajah & Tann
Sunil Iyer, Director, Iyer Practice Advisers
Woon Hum Tan, Partner, Head of Trust, Asset & Wealth Management Practice, Shook Lin & Bok
Denise Lim, Partner - Risk Assurance, PwC

Harmonisation of worldwide regulations – Is it wishful thinking?
Harmonisation of global regulations might be high on the wish-list for some governments and many compliance professionals, faced as they all are with numerous diverse rules and practices worldwide. But will it ever happen, or will culture, history, politics and even religion get in the way?

Panel members
Alison Fidler, Head, Compliance, Wealth Markets Products & Sales, Standard Chartered Bank
Marina Woon, Head of Compliance & Risk, Schroders Wealth Management
Rolf Haudenschild, Co-Founder, Head of Compliance and Internal Audit Services, Ingenia Consultants
Conrad Lim, Managing Director and Deputy Chief Executive Officer, LGT Bank
Stephanie Magnus, Principal, Baker & McKenzie
Kenneth Chia, Independent Consultant, Compliance

Developing a Culture of Compliance through Leadership and Training
Creating and maintaining the right compliance culture in a wealth management firm is no longer a luxury. In the new world of regulatory proliferation, it is an essential for any firm - local or global - to survive and prosper. But can it be achieved and, if so, how?

Panel members
Stefan Kuhn, Head of Compliance, Private Banking, South-east Asia, Credit Suisse Private Banking
Jarrod Baker, Senior Managing Director, Forensic & Litigation Consulting, FTI Consulting
Evelyn Koh, Head, Compliance, Private Banking Clients, ASEAN and South Asia, Standard Chartered Bank
Jason Tan, Partner, KPMG
Matthew Maddocks, Chief Risk Officer, RISKflo
Alison Fidler, Head, Compliance, Wealth Markets Products & Sales, Standard Chartered Bank
Julia Leong, Partner, Wealth Management, Singapore, PwC

Corruption: Multi-Jurisdiction Litigation and Investigations
International cooperation on financial investigations and multi-jurisdictional prosecutions are becoming more prevalent. Understanding and measuring the risks and likely consequences is essential for wealth advisory firms, who need to prepare and manage for the best, and sometimes worst, outcomes.

Panel members
Nigel Pereira, Partner, Rajah & Tann
Peter Coleman, Head of Forensic, United Security Solutions
Daniel Levison, Partner, Morrison Foerster
Stefano Demichelis, Principal, Investigations and Disputes, Kroll

Digitisation of Human Capital - a Compliance Dilemma
As compliance processes become increasingly digitised, the risk profile of the business changes and business continuity plans are needed in the event of a digital meltdown. Compliance professionals need to up their technology capabilities, while at the same time further developing their own ‘human’ skills.

Panel members
Rob Phillips, Computer Forensics & Electronic Discovery, RP Digital Security
Phil Johnson, Partner, Control Risks
Stefano Demichelis, Principal, Investigations and Disputes, Kroll
Peter Coleman, Head of Forensic, United Security Solutions
Philipp Piaz, Partner, Finaport
Rolf Haudenschild, Co-Founder, Head of Compliance and Internal Audit Services, Ingenia Consultants

Presentations 

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 1-page PDFs.

The Compliance Challenge for Independent Firms in Asia
Anthonia Hui, CEO of AL Wealth Partners and committee member of the Singapore Association of Independent Asset Managers (AIAM), reviews the many key compliance challenges faced by wealth advisory firms.

IMTF pushes the envelope of efficient compliance and data management
Dr Andreas Wenger, general manager for the APAC region for Swiss company IMTF, believes that to be compliant, wealth management firms must embrace the need to invest in solutions to their regulatory and compliance challenges.
View Slides

Cyber Resilience: Isn’t that an IT Problem?
Andrew Mahony, Regional Director, Financial Services & Professions Group at Aon Risk Solutions, knows that cyber risk equates to enterprise risk.
View Slides

Regulation of Cryptocurrencies
Peter Kiernan, an independent consultant specialising in compliance and financial crime, reviews the immense challenges of regulating the new universe of cryptocurrencies and blockchain.
View Slides