IAM & Family Offices Leaders Conversation, Hong Kong 2016

IAM & Family Offices Leaders Conversation, Hong Kong 2016

Date:
November 03, 2016
Time:
9:00am – 12:30pm followed by luncheon
Venue:
Mandarin Oriental, Hong Kong

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Overview

The IAM & Family Offices Leaders Conversation brings together 25 to 30 CEOs and Managing Partners at independent asset managers and family offices for a function designed to encourage sharing and learning in a peer-driven environment. Driven by our editorial team in consultation with the advisory council, this morning function will contain panel discussions chaired by CEOs, Managing Partners, and principals of IAMs and single family offices.

PHOTOS FROM THE EVENT

Advisory Council

Anthonia Hui, Chief Executive Officer, AL Wealth Partners
Ann Cooley, Chief Executive Officer, Pacific Hawk
Charlie O’Flaherty, Head of Digital Strategy & Distribution, Crossbridge Capital
Harmen Overdijk, Managing Partner, Caidao Capital
Harry Pang, Founding Partner & CEO, Fountainhead Partners
Jason Lai, CEO and Founder, ThirdRock Capital
Jessica Cutrera, Founder, Managing Director and Head of Operations & Compliance, EXS Capital
Kenneth Ho, Managing Partner, Carret Private
Leonardo Drago, Chief Investment Officer, AL Wealth Partners
Mandeep Nalwa, Founder and CEO, Taurus Wealth Advisors
Noor Quek, Founder & CEO, NQ International
Mike Imam, Co-Founder & Chief Executive, Silverhorn Investment Advisors
Peter Lee, Chief Executive Officer, La Vintoll Capital Management
Philippe Legrand, Chief Executive, London & Capital Asia
Riccardo Lehman, Managing Director, Swiss-Asia Asset Management
Stephan Repkow, Founder and CEO, Wealth Management Alliance
Urs Brutsch, Managing Partner & Founder, HP Wealth Management
Vinit Sarangdhar, CEO, Alpha Quest
Yai Sukonthabhund, Partner and CEO, Crossbridge Capital

Agenda

8:30am – 9:00am Registration and Coffee
9:00am – 9:05am Opening Comments
9:05am – 9:45am Leaders Conversation Panel 1

Today, independent asset managers/family offices manage in the range of 5% of the region’s wealth in Hong Kong and Singapore. Industry leaders predict that this figure will double in time, but also acknowledge that key challenges remain. Notably, the fees for advice model remains a tough sell to clients who are used to receiving free advice, and firms that are unable to charge 100 bps on assets managed must rely on alternative fee structures to generate revenues in a difficult market environment. Add in regulatory uncertainty – particularly with regards to the use of retrocession payments – and achieving profitability as an ‘independent’ player is today a tall order. This panel confronts the key hurdles facing IAMs in Asia and asks what concrete steps can be taken to increase their share of the region’s AUM in a profitable manner.

Moderator:
Sebastian Enberg, Editor, Asian Private Banker

Conversation Catalysts:
Ann Cooley, Chief Executive Officer, Pacific Hawk
Harry Pang, Founding Partner & CEO, Fountainhead Partners
Riccardo Lehmann, Managing Director, Swiss-asia Group
Philippe Legrand, Chief Executive, London & Capital Asia

9:45am – 10:35am Workshop 1
European stressed and distressed debt – a growing opportunity

European bank balance sheets doubled in the decade prior to the financial crisis. This led to a sharp expansion of non-performing loans in the following years as the European economic recovery failed to materialize. Continued quantitative easing and an enhanced regulatory framework may compel European banks to recapitalize and dispose of non-performing loans.
The refinancing requirements of debt issued pre-crisis, coupled with the record level of CCC debt issued post-crisis, points to a growth in stressed and distressed credit opportunities in Europe. Fallout from the UK’s vote to leave the EU has led to increased uncertainty and price volatility, enhancing opportunities to acquire mispriced assets.

Moderator:
John DelGiudice, Senior Vice President, Portfolio Specialist, Alcentra

10:35am – 11:00am Networking Coffee Break
11:00am – 11:40am Workshop 2
Four key themes defining the future of asset management globally – seeking opportunities from disruption

M&G discusses the changing landscape for asset managers globally. Focusing on the key catalysts of change; the GFC, regulation, demographics and the use of technology in distribution, the session stresses the need for the industry to evolve its product proposition and distribution strategy for today’s demanding global client set. Calling upon experience of emerging distribution trends from across the world, the workshop will share M&G’s experiences from intermediary and client consultations since the GFC, and explain how changing behaviours are drastically changing the traditional manufacturing and consumption of financial products.

Moderator:
Jonathan Willcocks, Managing Director, Global Head of Retail Sales, M&G Investments

11:40am – 12:20pm Leaders Conversation Panel 2
IAMs’ Alternative Edge

Lower returns, sustained uncertainty and bouts of turbulence are the new norms of investing in a world where economies are undergoing structural transformation and central banking policies are moving into unchartered territories. Sole dependence on liquid capital markets or plain vanilla long-only instruments will unlikely generate sound returns without taking on excessive risk. By one account, a portfolio in 2004 could generate 4% returns with 85% and 15% allocated to fixed income and equities, respectively. Today, half a portfolio would need to be allocated to equities to achieve the similar gains but with double the volatility. Consequently, global investors are actively allocating to alternatives – whether through hedge funds to diversify away from pure long-only exposure, or via private equity. Indeed, the demand for private equity among Asian HNWIs – and especially Chinese investors – is vigorous as ever.
IAMs looking to offset a slowdown in flow trades and to help clients achieve attractive risk-adjusted returns are today seeking out alternative solutions. And with critical mass and truly open architecture platforms, IAMs have both the access and capabilities to create a platform with breadth and independence. This panel explores how IAMs are meeting client demand for alternative strategies, and how clients are reacting to IAMs’ initiatives in this space relative to the offerings of incumbent global financial players.

Moderator:
Richard Otsuki, Senior Reporter, Asian Private Banker

Conversation Catalysts:
Harmen Overdijk, Managing Partner and Founder, Caidao Wealth
Jessica Cutrera, Founder, Managing Director and Head of Operations & Compliance, EXS Capital
Peter Lee, Chief Executive Officer, La Vintoll Capital Management Limited

12:30pm – 1:30pm Networking Luncheon

Partners

Inquiries

For further information on the IAM & Family Offices Leaders Conversation, koye.sun@asianprivatebanker.com
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