July 19, 2011 – Euromoney Round Table in Singapore [Postponed] « Stamford Wealth Academy

Date and Venue

July 19, 2011 – Singapore

This event has been POSTPONED until further notice.

Times

Arrive: 9.00 AM for photos and refreshments and to meet other delegates
Start: 9.30 am
Break: 10.45 – 11 am approx.
Reconvene: 11 am – 12 noon approx.
Break: 12 noon – 1 pm
Reconvene: 1 pm – 2.30 pm
Refreshments and Canapes, etc: 2.30pm+

Proposed Delegates

Ravi Menon, MAS
Ong Puay See, CEO, IBF
Lawrence Lien, CEO,Lawrence Foundation
William Chan, CEO,Stamford Privee
Noor Quek – Managing Director, NQ International
Charles Lowenhaupt, Chairman, Lowenhaupt Global Advisors (moderator)
David Lim, CEO,South East Asia, Julius Bear
Francois Monnet, CEO, Credit Suisse Asia
Deepak Sharma, CEO, Citi Private Bank
Shayne Nelson, CEO, Standard Chartered Private Bank
Olivier Crespin, CEO, DBS Private Bank
Renato De Guzman, CEO, Bank of Singapore
Josefina Tan, CEO, BDO Private Bank

Objectives

• To provide in-depth knowledge to industry players such as private banks, family offices, tax advisory firms and consultancies on the products and services required by wealthy families
• To provide a platform for family offices and service providers to share a thoughtful and objective dialogue about the present challenges of managing family wealth in Asia
• To enable our readers, many of whom are high-net-worth individuals, to gain an insight into the challenges of their peers as well as distribute the supplement to many wealthy clients through our network of private banks.

The Agenda

Overview – Macro View of the Private Banking Industry in Asia, China and Western Europe:

• Stability of the private banking industry in each region.
• Overall view of these markets, and the growth prospects.
• China, Asia and Western Europe compared to other regions.
• Large institution vs. boutique bank vs. multiple family office: Who will prevail?

Recovery from the banking fallout of the last couple of years

• How has the crisis affected confidence in private banking in the Western, traditional Swiss models?
• Capital inflows / outflows from the east to the west, and west to the east, and who benefits
• Has government support / regulation benefited or tarnished the reputation of private banks?
• How to build and protect your brand

Recruitment

• Is there a shortage of talent in the market place in Asia?
• How to hire and keep the best talent
• Is there a current trend in churn and how is this affecting the industry?
• What are the costs involved and how are they best managed?

Advice versus product

• Issues of trust
• Products sold and risk management tools in place have proven inadequate in the past. Has this changed?
• What is the difference between how European banks conduct advisory services to the way their Asian counterparts do?
• What products are suitable for clients in these different regions?
• What services are clients looking for from Asia – can a bank really achieve the integrated model?
• In-house products versus third party distribution – implications of this on a global basis
• The future of structured products / alternative investments. Finding the winning asset protection strategy

The move of capital between Europe and Asia

• Given recent events on privacy in offshore jurisdictions, will money move back home to Asia?
• Tax implications of private wealth managed in the jurisdictions of Asia and Europe – benefits / disadvantages
• How do clients’ expectations differ in the different regions?
• How important is the location of assets in times of economic turbulence?

Finding the winning segments

• Is a purely advisory service scalable?
• How to attract the ultra-high-net worth segment from places like the BRIC countries.
• Client segmentation vs. wealth segmentation – entrepreneurs / corporate executives vs. inherited wealth

The future of the financial services industry in Europe and Asia – how will regulation change things?

• The future of the private banking model
• The management of operational risk through capital
• Financial centres and the push to build them up for the outside world

Global Vs. Regional:

• What the global bank can provide that the regional / local bank cannot, and vice-versa.
• Diversification amongst Asian and European clients between regional and global.

The business of the family office

• Independents and family offices – will they gain market share?
• The difference in objectivity of the family office vs. the private bank
• The goal of profitability adversely affecting the high level of service and independence
• Is the multi-family office a growing concept among HNWIs in SE Asia, China and India?

Will private banks expand in both Western Europe and / or in Asia?

• Is this a good time to expand or to consolidate?
• Effects of the real estate industry on private wealth management.
• Implications on commodities – the price of oil etc.
• Is there scope for expansion on a global and local level?

Going forward

• How will institutions win?
• Why will they win?

About Euromoney

Euromoney is your one source of information for many markets. Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets. The euromarket, after which the magazine is named, is the predecessor to today’s mainstream global capital markets.