Investment Advisory Summit Hong Kong 2014

Investment Advisory Summit, Hong Kong 2014

May 15, 2014
9:00am – 4:30pm
The Conrad Hotel

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Unfortunately, the Investment Advisory Summit, Hong Kong is over for 2014, but if you are interested to stay informed about future events, please fill in the form below:


Beginning in 2010, the Investment Advisory Summits (IAS) are the only events held in Asia that specifically address the needs and issues facing the ever-important heads of advisory and investment counselling at Asia’s leading private banks.



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 In conversation with CEOs
Four private banking CEOs – arguably the most powerful women and men in the industry – kick-start the day’s proceedings with a candid conversation about the Three P’s of Private Banking in Asia – Pricing, Product, and Platform. Which of these do private banks wish to differentiate themselves by? Are Product and Platform the only sustainable differentiators? If so, are advisors the unsung heroes at private banks? Do the current models for remuneration and reward support the crucial role advisors play at private banks?

Claude Haberer
CEO, Pictet Wealth Management Asia

Ian Pollock
Regional Head of Private Banking International
North Asia, ABN AMRO Bank

Jean-Claude Humair
Managing Director
Regional Market Manager, Hong Kong
UBS Wealth Management

Lok Yim, Managing Director, Head of Wealth Management
North Asia, Deutsche Asset & Wealth Management

Tee Fong Seng
Vice Chairman Private Banking Asia Pacific and Market Area Head
Greater China, Private Banking, Credit Suisse

10:00 – 10:20am Session 1 | Private Bank Strategy: Optimal positioning for market opportunities
Financial markets have undergone significant change in recent history – and this has been reflected in private banking. Here, Citi explores some new approaches to private banking challenges and opportunities, offering candid insights into our strategy for 2014 and beyond.

Barbara Mullaney
Managing Director,
Global Head of Strategy & Distribution,
Citi Private Client Solutions

Bernard Wai
Managing Director
Head of Asia Pacific Private Client Solutions
Investor Sales, Citi

10:20am – 10:50am Coffee break
10:50am – 11:30am Session 2 | Asset Allocation for Asian HNWIs: The Gorilla in the room
Whilst fixed income and equities have posted healthy returns over the last few years, the average Asian HNWI remains heavily invested in cash and fixed income. In this session, M&G will discuss why we believe behavioural biases have a significant and persistent presence in the client-advisor relationship and the impact this has on asset allocation in portfolios.

Andrew Hendry
Managing Director
M&G Investments Asia

11:30am – 12:10pm Session 3 | Are the regulators overreaching? The conflict of contractual duties vs. regulators’ expectations of the relationship between the bank and its clients
In recent court cases dealing with mis-selling claims, the courts have generally found that clients are bound by the contracts they enter into with the bank and that regulatory standards could not impose a contractual duty which was not specified in the contractual documentation. Nevertheless, regulators have shown more willingness to step into disputes regardless of contractual terms, and to allow clients to use alleged breach of regulatory duties to support their financial claims against banks. This development could fundamentally affect the relationship between banks and their clients.

Matthew Newick
Partner and Head of Litigation & Disputes Resolution
Asia Pacific, Clifford Chance Hong Kong

Matt Feldmann
Clifford Chance Hong Kong

12:10pm – 12:50pm Session 4 | How to create discretionary solutions for the Asian Private Bank of the Future
Whilst many private banks have developed transactional and fund platform businesses, there will be times when the desire to deliver the banks’ best ideas will conflict with the delivery of fund-based discretionary management. In this discussion, Alex Buerge will highlight:

  • Some of the benefits and challenges of creating an enhanced discretionary management using third party managers
  • How to create an integrated platform that aligns discretionary models with house views
  • Disengaging the advice from the brand

He will also outline the benefits that come from bridging the gap between institutional asset management and private banking minimums and why this needs to happen in the Asian Private Banking market.

Alex Buerge
Head of Investments, Managed Investments
Asia Pacific, BNY Mellon

12:50pm – 2:10pm Luncheon
2:15pm – 2:45pm Session 5 | Keynote Address
Mark Steward
Executive Director, Enforcement Division
Securities and Futures Commission
2:45 – 3:40pm Session 6 | Breakout Session Roundtables
Roundtable A. | Playing for the same team: DPMs and Banks shooting for the same investor goal
Now more than ever, investors demand seamless experiences of financial management, from idea inception to execution. Here, Citi discusses some case studies on how aligning interests and incentives across financial professionals ultimately leads to better outcomes for investors, including packaged solutions and risk-managed exposures.

Bernard Wai
Managing Director and Head of APAC Private
Client Solutions, Citi Markets

Roundtable B. | Case study: Outsourcing fixed income decisions as a time saver
Following up from the morning session, M&G will highlight our approach to help private banking clients address the asset allocation issues by using broad, flexible bond funds. Fixed income is a mainstay in many portfolios, but with the long bull market coming to a close, returns will be relatively scarce compared to the time invested in looking after them. We’ll go through a case study of an ideal core fixed income holding and how this can help to re-prioritise private bankers’ efforts addressing behavioural biases.

Ben Cherrington
Director, Intermediary Channels
Asia Pacific, M&G Investments Asia

Roundtable C. | Revival of interest in Hedge Funds – what is different this time?
In a recent global industry survey, the returns of hedge funds were found to have either met or exceeded investors’ expectations. Investors’ level of satisfaction is currently as its highest since 2008.

The reasons behind this revival stem from a more stable trading environment and high policy dispersion among countries, which open up bottom up and top down trading opportunities that are favourable to hedge fund managers. With the return of Private Banking clients’ appetite for hedge fund strategies, Lyxor will discuss the different types of investment strategies that could benefit from the current backdrop and share what investors look out for when considering hedge fund investments.

Jessie Zhang
Head of Business Development
Greater China and SEA, Lyxor Asset Management

Roundtable D. | Great Ideas are 90% of the work. Fact or Fiction?
Investment Advisory and Execution desks deal with a myriad of ideas from internal & external product providers & research teams. They in turn share these in the form of emails and pdf attachments to RMs each day and receive phone calls for best quotes, indications, and trade executions.

Is this modus operandi working in today’s environment?

Do RMs have a clear call to action?

Can we measure the ROI of an idea in Private Banking today?

This roundtable will explore the topic and discuss new innovations that produce quick wins for clients, RM’s and investment advisors.

Andrew Au
Chief Executive Officer, AGDelta

3:40pm – 4:30pm High tea and networking session
4:30pm Close

Advisory Council

Belle Liang
Head of Investment Advisory
Hang Seng Private Bank

Garth Bregman
Head of Discretionary Portfolio Management, Asia
BNP Paribas Wealth Management

Harmen Overdijk
Head of Investments, Asia Pacific, EFG

Jacqueline Koo

Regional Head, Asia Discretionary Portfolio Management,
ABN AMRO Private Banking

Patrick Grossholz
Managing Director, Head of Investment Management
UBS Wealth Management, Asia Pacific

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

Rocky Cheung
Executive Director, Head of Investment Advisory, HK,
Wealth Management, DBS Bank

Roger Bacon
Managing Director, Head of Managed Investments, Asia Pacific
Citi Private Bank

Sascha Banz
Managing Director, Head of Investment Consulting,
Greater China, Credit Suisse

Susan Chua
Head of Wealth Management Services, North Asia, BSI Bank

Todd James
Head of Investment Services & Advisory, Lombard Odier & Cie

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

Will Wang
Head of Active Advisory, North Asia
Wealth and Investment Management, Barclays


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