Investment Advisory Summit, Hong Kong 2012
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Overview
Gallery
Agenda
| 8:30am – 8:55am | Registration and Coffee |
| 8:55am – 9:00am | Welcome and opening comments Shruti Advani Editor, Asian Private Banker |
| 9:05am – 9:45am | Session 1 | Opening keynote speech Mark Steward Executive Director, Enforcement Division Securities and Futures Commission Hong Kong |
9:45am – 10:20am | Session 1 | Improving Portfolio Returns for Investors: The First Decision is Risk! In the aftermath of the financial crisis, investors continue to face high levels of risk, disappointing market returns, low interest rates and concerns of tail risk. We investigate various tools to mitigate portfolio risk, including a step-by-step case study analysis to show how managing risk can improve portfolio returns. Dr. Harold Y Kim |
| 10:15am – 10:40am | Coffee break |
| 10:50am – 11:30am | Session 2 | Becoming a top private banking jurisdiction – evolution in response to regulatory change. Private banking is becoming increasingly important in Asia, driven by an ever-growing number of local high net worth individuals as well as a shift of assets from traditional private banking hubs in Europe and the U.S. to Asia. Hong Kong is ideally suited to take advantage of the opportunity by leveraging off its existing advantages – a well educated talent pool, highly developed capital markets, a mature legal framework, and close access to Mainland China and opportunities arising from the internationalization of RMB. The existing regulatory framework does not really distinguish between banks that serve retail customers and those that serve private banks. Moreover, since the financial crisis, the regulatory environment has become even more prescriptive. Join Mark Shipman of leading international law firm Clifford Chance as he shares his insights into Asia’s private banking industry including why private banks will need to rethink their operative and compliance models to navigate the changed environment. Mark Shipman |
| 11:15am – 11:50am | Session 3 | Tail-Risk: Hunting down the Black Swan The stock market rally at the beginning of 2012 was solid evidence of a return in investor confidence. However, the global picture remains gloomy and the risk of sudden black swan events remains intact. What is happening below the surface that could impact our portfolios? Are we insured against such events or will it be only due to painful hindsight experience that we research appropriate insurance strategies? Tail risk hedging is becoming popular but has a cost. What innovative solutions are available to investors and should this become an integral part of the asset allocation process? Daniel Ghirardi |
| 11:50am – 12:35pm | Session 4 | Structured Products Panel: Challenges and Opportunities through Change The structured products landscape continues to evolve. 2012 could present yet more challenges. How will a changing regulatory framework coupled with an uncertain market outlook impact demand? How will low interest rates and lingering uncertainty impact the range of solutions available? Chair: Panel: Florence Schnydrig Moser Francis Edwards |
| 12:35pm – 1:50pm | Luncheon |
| 1:50pm – 2:30pm | Session 5 | Collateralized Loan Obligations: Back to the Future? Despite the tumultuous economic environment of 2011, CLO issuance saw a significant uptick over the last 12 months. Have CLOs finally shaken off the skepticism that has surrounded them since the global financial crisis or have near-zero US corporate default rates, along with the attractive risk-adjusted returns that CLOs can offer, simply made CLOs too attractive to miss? Stephen Casey |
| 2:30pm – 3:20pm | Session 6 | Earning One’s Keep (or Bonus): How to Demonstrate Value-Added to Clients through Use of Active Strategies. Is the balance of power between active and passive strategies shifting within client portfolios (or model portfolios)? What strategies address clients’ search for income and which active strategies capture new opportunities for investors? How do private bankers demonstrate “value-added” to clients through portfolio construction, product selection, and manager selection? Do they have enough input to cater for local needs? When it comes to product selection, who has the power within private banks – the research teams, the portfolio managers, the bankers – or the client? What are the hurdles to getting the “right product” to clients in Asia – regulatory, financial, internal? Chair Panel Dominik Fuerst Richard Mak James E. Campion Richard Mak Belle Liang |
| 3:20pm – 3:55pm | Coffee break |
| 3:55pm – 4:40pm | Session 7 | Private Bank Advisory, Information and Risk Presentation: Adding Value through Technology The business challenges facing heads of private bank investment advisors in Asia today are greater and more complex than ever. From customer management (including risk profiling) to performance management (including benchmarking), from risk management across portfolios to complex transaction processing of structured products, the challenges are endless. And given Asia’s fragmented markets with a history of patchworked technology solutions, the headaches facing the investment advisory community are unique to the region. Nick Rowland |
| 4:40 – 4:45pm | Round Up Shruti Advani |
| 5:00pm | Official Cocktail Reception |
| 6:30pm | Close |
Advisory Council
Head of Investment Products and Advisory Department
Bank of East Asia
Irene HY Chen
Head of Structured Products, Asia Pacific
Barclays
Philippe Adler
Managing Director
Lombard Odier Darier Hentsch (Asia)
Florence Schnydrig Moser
Director, Head of Structured Products Advisory Asia
Credit Suisse Hong Kong
Rocky Cheung
Head of Investment Team, Private Banking
DBS Bank (Hong Kong)
Dominik Fuerst, Executive Director, Lombard Odier Darier Hentsch (Asia)
Harmen Overdijk
Portfolio Manager
EFG Bank
Angel Wu
Regional Head of Products & Solutions, Asia
ABN AMRO Private Banking
Richard Mak
Managing Director and Head of Advisory Services – Asia
Pictet Wealth Management
Todd James
Head of Wealth Management Services, North Asia
BSI Hong Kong
Sen Sui
Head of Asia, Markets & Investment Solutions
Credit Agricole Private Banking
Horace Wong
Executive Vice President
Head of Tailored Portfolio Services for Asia
Coutts
Steven Vinik
Head of Investment Advisory, North Asia
Standard Chartered Private Bank
