As the oft reported transfer of US$15 trillion worth of wealth gathers pace in Asia, family offices, more than ever, are paying particular heed to what they require from their relationships with private banks. What are their philanthropic endeavours? How do they cope with the increasing complexities of wealth management and how do they address the issue of family legacy?
Added to this, the topic of ESG adds pressure to an increasingly environmentally aware generation about to take the helm of the family business. Indeed, this pressure is felt across the entire private wealth management industry. More pressure to provide relevant products, more pressure on the marketing and communication of ESG progress, and more pressure on accountability. But how far is ESG truly understood across a company structure? Are these pressures translating into changes within the industry that embrace the principles of ESG or are we still playing catch-up? In this session, we’ll take a look at some of the misconceptions surrounding ESG adoption and investments simultaneously exploring consequent implicit changes, and changes still to come in respect of product-led, client-led, or company led-ESG excellence.
About the speakers
Chief Executive, Hong Kong Branch Global Market Head, Greater China and North Asia, Bank of Singapore
Derrick Tan is Chief Executive, Hong Kong Branch and Global Market Head, Greater China and North Asia for Bank of Singapore.
As the Global Market Head, he is responsible for driving growth in Greater China and North Asia, as well as for expanding Bank of Singapore’s presence through collaborative partners OCBC Wing Hang Bank, OCBC Wing Hang China and Bank of Ningbo in Greater China.
Derrick, who has close to 20 years of banking experience, joined Bank of Singapore in 2010 and rose through the ranks to become the Global Market Head for Malaysia, Brunei, Japan, Sub-Continent and Middle East in 2015. He was instrumental in establishing the Bank’s market-leading position in the Middle East region, which culminated in the setting up of the bank’s branch in the Dubai International Financial Centre (DIFC) in February 2017.
Before joining Bank of Singapore, he held positions in UBS AG where he was the Executive Director and Desk Head of the Indonesia market from 2006 to 2010. Prior to that, he was responsible for HSBC’s offshore International Banking Centre – Indonesia, Philippines and Thailand markets.
Derrick holds a degree in Banking and Finance from Curtin University of Technology. He also graduated from the Harvard Business School Advanced Management Programme in 2013.
Fong Seng Tee
Chief Executive Officer, Pictet Wealth Management Asia
Fong Seng is a private-banking veteran with in-depth knowledge of the wealth management business across Asia. Before joining Pictet, he was Chairman of EFG Bank’s Asia Advisory Board and a member of its Global Board. He spent most of his career with Credit Suisse as Vice Chairman for Asia, CEO Hong Kong Branch and Head of Private Banking Singapore; and at UBS, where he was Head of Wealth Management South East Asia and Deputy Branch Manager for UBS Singapore.
Fong Seng is also Dean’s Fellow at the Singapore Management University’s Lee Kong Chian School of Business; a Board member of apVentures, a non-profit venture philanthropic organisation; and a Distinguished Fellow (Wealth Management) of the Institute of Banking and Finance Singapore.
Fong Seng is a Chartered Management Accountant (ACMA, London) and holds a Bachelor of Business Administration from National University of Singapore.
Tony Archer, CPA
Managing Director, Asia Pacific, American Century Investments
Tony has over 25 years of investment management experience. He joined American Century in 2009 to build American Century Investments’ Asian business as head of Asia Pacific.
Tony joined from Morgan Stanley, where he was Managing Director for their Asian institutional advisory business. Prior to that, he was CEO of AXA Rosenberg’s Asia Pacific business. Tony has a Bachelor of Economics and M Ec (prel) from Monash University in Australia, and a Graduate diploma in Computer Science from Monash University.
Sebastian Enberg (Moderator)
Editor, Asian Private Banker
Sebastian Enberg is the Editor of Asian Private Banker. His background is in international politics, and Chinese foreign policy and security.
Sebastian graduated from Victoria University of Wellington with a Master of Strategic Studies majoring in Strategic Intelligence, and more recently, from the City University of Hong Kong with a Master of Arts. In 2012, Sebastian was awarded the university’s Top Scholar Prize for his cohort.
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