Investment Advisory Summit Hong Kong 2013

Investment Advisory Summit, Hong Kong 2013

May 14, 2013
9:00am – 4:30pm
The Conrad Hotel

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    The 4th annual Asian Private Banker Investment Advisory Summit will be bringing together the investment advisory and product selection communities in Hong Kong and Singapore. Designed to focus on and address the most pressing issues facing Asia’s product gatekeepers, the Summit will attract CEOs and CIOs of asset management houses, hedge fund managers, structured product specialists, ETF providers, and legal professionals. Asian Private Banker can provide attendance certificates for Continuous Professional Training (CPT) points.



    8:30am – 9:00am Registration and Coffee
    9:00am – 9:05am Welcome and opening comments
    Shruti Advani
    Editor, Asian Private Banker
    9:05am – 9:40am Session 1 | Keynote address
    Mark Steward
    Executive Director, Enforcement Division
    Securities and Futures Commission
    9:40am – 10:20am Session 2 | Opportunities for Asian investors
    In treacherous mountain passes and unchartered territory, the navigator must proceed with care. Having a ‘blind spot’ can be lethal. As market sentiment selectively improves, we review opportunities and challenges for investors across a range of asset classes, products and structures. We explore how the professionals covering this growing sector can adjust to the market, regulatory and demographic transformations.

    Bernard Wai, Head of Private Investor Product Sales Asia,
    Citi Markets

    Osamu Takashima, Head of Japan FX Strategy,
    Citigroup Japan

    10:20am – 10:50am Coffee break
    10:50am – 11:30am Session 3 | Regulatory headwinds for private banking: Which way are they blowing?
    Management responsibility, open communication, and transforming culture: Hong Kong, Singapore and regional perspectives on these regulatory preoccupations and how these preoccupations are changing regulators’ behaviour, and how to manage the risks.

    Private banking is a key growth area for many global financial institutions, particularly in Asia where the market is not as developed and personal wealth is on the rise. With a host of new regulations in place on both a local and international level, what are its effects on private banking? We will examine some of the recent private bank mis-selling cases in Hong Kong and Singapore, and the impact these decisions will have on both private banks and their clients. Will the courts’ views signal a need for stronger regulation or will the current ones suffice and what can the private banking industry expect in the next few years?

    Donna Wacker, Partner, Clifford Chance

    Edward Johnson, Senior Associate, Clifford Chance

    11:30am – 12:10pm Session 4 | Buy hard
    To dispel the myth surrounding Europe and Japan and take a closer look into some of the attractive value propositions these places offer to investors. For some time now, investors have been rightly afraid to invest in any of these two places for various reasons. Europe, for example, has been penalised by the worsening political situation. But below the headline risks, a lot of great companies are continuing to generate steady profits, thanks to their diversification of businesses and broader clients coverage. Finding those pearls has been very rewarding recently and we believe it is a good time to go fishing for more. In Japan the situation is different but with a new government in place and a central bank looking to boost growth, it might also be a good time to play this theme. And it may be the right one this time!

    Daniel Ghirardi, Chief Executive Officer, SYZ Asset Management

    Pranay Gupta, Chief Investment Officer,
    Lombard Odier Darier Hentsch (Asia) Limited

    Richard Mak, Managing Director,
    Head of Advisory Services-Asia, Pictet

    Belle Liang, Head of Investment Advisory,
    Hang Seng Private Bank

    12:10pm – 12:50pm Session 5 | Building global Private Banking models to prepare for the elimination of inducements.

    As regulators globally begin to focus on inducements, the business model of private banks and asset managers is set to undergo fundamental change. While the full impact of the changes is unclear, it is likely that inducements in their current form will no longer exist. In Europe, where advice or discretionary portfolio management is on an ‘independent basis’, the acceptance of fees, commissions or nonmonetary benefits will be prohibited under MiFiD II Level 1. In addition, individual European countries have been given the freedom to take these eliminations further with the UK and Netherlands choosing to do so.

    This has far reaching implications for private banks in Asia. Andrew will share examples of regulatory change in the US, India, and UK, as well as examine the impact of this on the industry as a whole and on Asia in particular. In this light he will discuss the opportunities and challenges private banks in Asia have to build more sustainable business.

    Andrew Hendry, Managing Director, Asia,
    M&G Investments

    12:50pm – 2:30pm Luncheon
    12:50pm – 2:30pm Session 6 | Breakout Session

    a. Long-term Savings – Case Studies on Delivering Solutions
    Investment professionals are facing a significant challenge. Balancing the financial demands of an ageing population who demands increasingly expensive medical and retirement care alongside turbulent, low-yielding markets is a hard task. Trying to do this whilst jumping over regulatory hurdles is even more challenging. Here, Citi discusses some groundbreaking case studies of delivering long-term saving solutions to Asian investors.

    Cyrille Troublaiewitch, Head of Multi Asset Group Asia,
    Citi Markets

    b. Partners in growth: Wealth management in the Asian Era
    Asia’s wealth management landscape continues to evolve, presenting both promise and pitfalls for wealth managers and clients alike. Far be it a retelling of Switzerland’s own story, Asia’s wealth management industry today must grapple with rising costs of an ever-stretched – and in-demand – talent pool, increasing regulatory stringency, client apathy for structured products, and a continued hesitancy to pay for advice. At the same time, external asset managers, commonplace in Switzerland, sense an opportunity to reinforce the wealth manager-investor partnership left damaged by the Financial Crisis.

    Chuck Ng, Head of External Asset Managers, Asia Pacific,
    Credit Suisse Private Banking

    c. Challenges in investing in the emerging markets: Looking beyond BRIC
    Over a decade ago, the BRIC economies were typecast as the new paradigm in global economic growth and opportunity, together sharing 40 percent of the world’s population, 30 percent of the Earth’s landmass, and approximately 20 percent of global GDP. Today, even as this grouping’s growth rate continues to outpace the global average, momentum lies with a less obvious class of pretenders, sitting at the frontiers of growth. These new emerging markets have in common substantial natural resources and sizable working populations to drive domestic demand, presenting exciting opportunities for investors hungry for yield. This session will focus on the challenges of investing in emerging markets.

    Sebastian Enberg, Deputy Editor, Asian Private Banker

    3:15pm – 4:15pm High Tea and networking session
    4:30pm Close

    Advisory Council

    Chuck Ng, Head of External Asset Managers, Asia Pacific
    Credit Suisse Private Banking

    Alfred Mak, Head of Investment Products and Advisory Department
    Bank of East Asia

    Belle Liang, Head of Investment Advisory
    Hang Seng Private Bank

    Rocky Cheung, Senior Vice President, Head of Investment Team
    Private Banking, DBS Bank

    Angel Wu, Regional Head of Products & Solutions, Asia
    ABN AMRO Private Banking

    Pranay Gupta, Chief Investment Officer
    Lombard Odier Darier Hentsch (Asia) Limited

    Richard Mak, Head of Advisory Services, Asia
    Pictet & Cie

    Victor Choi, Head of Markets & Investment Solutions, Asia
    Credit Agricole Private Banking

    Harmen Overdijk, Head of Investments, Asia Pacific


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    For further information, please contact: [email protected]