IAM & Family Offices Leaders Conversation, Hong Kong 2016
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Unfortunately, the IAM and Family Offices Leaders Conversation, Singapore is over for 2016, but if you are interested in staying informed about future IAM and Family Office events, please feel in the form below:
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
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
|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.
|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.
|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.
|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.
|12:30pm – 1:30pm||Networking Luncheon|