Michael Stanhope
Chief Executive Officer
Hubbis

Mark Steward
Executive Director, Enforcement
Hong Kong Securities and Futures Commission

• Enforcement priorities for 2011 and beyond
• Setting a clear tone for institutions and advisers

Adam Cowperthwaite
Head of Equity Derivatives Sales, Asia ex-Japan
Daiwa Capital Markets

• Defining leverage and the use of derivatives
• Leverage through common vanilla products
• Deconstructing complex products to gauge leverage
• “High value” vs “Low value” leverage
• Applying leverage in client portfolios

• How have attitudes towards leverage evolved in Asia?
• What value does leverage offer clients when constructing their portfolios?
• Depending on an investor’s market outlook and sentiment, how should they use leverage?
• Which products are best suited to leverage?
• Which leveraged instruments have been most popular, and effective for clients?
• What types of leveraged products should clients avoid?
• What are some common mistakes that investors and advisers make when using leverage?
• What factors should investors consider when looking to buy leveraged products?
• How can relationship managers and investment specialists best educate clients about the use of leverage in their portfolios?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Todd James
Head of Wealth Management Services, North Asia
BSI Bank

Adam Cowperthwaite
Head of Equity Derivatives Sales, Asia ex-Japan
Daiwa Capital Markets

Leo Drago
Chief Investment Officer
AL Wealth Partners

Jon Allen
Co-head of Institutional Sales, Head of Hedge Fund Sales, Asia Pacific
Threadneedle Portfolio Services

• Buying diversified commodity exposure has historically been index-driven and this process has basic flaws in its construction
• The role of active commodity investing is still in its infancy and will become a far more important part of the buy-side and client landscape in the future
• The talent pool in this specialised field has not traditionally sat in the buy-side and it is only moving slowly across
• The diversification story still holds but it is changing

• What alternative investments are of interest to private bank clients? What are the trends in hedge fund, commodities and private equity investments?
• Where is the value-add in alternatives?
• What approach is most appropriate when adding alternative investments to portfolios today?
• How should advisers approach the different risks involved with alternatives when managing them within portfolios?
• Alternative investments have not played the important role in Asian clients’ portfolios that some had hoped they would. Is there a need to demystify alternatives? What are the concerns of clients and how do you address them?
• How to overcome fee issues and concerns
• Exploring ways to balance both liquidity and diversity within alternatives in client portfolios – can portfolio liquidity and diversification be delivered to clients in a complementary fashion, or is a trade-off required
• How can RMs help their clients shift between various alternative asset classes and restructure portfolios?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Wilson So
Head of North Asia Advisory
Merrill Lynch Global Wealth Management

Lionel Kwok
Managing Director, Head of Investment Advisory, North-east Asia
Standard Chartered Private Bank

Leo Drago
Chief Investment Officer
AL Wealth Partners

Jon Allen
Co-head of Institutional Sales, Head of Hedge Fund Sales, Asia Pacific
Threadneedle Portfolio Services

Joshua Smith
Senior Product Specialist
RCM Asia Pacific

• How have investors viewed China this year?
• How might investors change their allocation towards China over the coming months?
• What has been the performance of the IPO market in recent months within the broader context of investing in China?
• What are the difficulties in accessing and investing in China’s bond, private equity and money markets?
• What can be done to overcome these challenges?
• How is China likely to perform in comparison with other regional markets?
• How can Asian high net worth individuals access the China growth story?

• What’s in store for investors in China in 2011?
• Which asset classes and sectors look promising?
• How can investors access RMB products?
• What is the outlook for the RMB?
• What are the pitfalls investors need to be aware of?
• What is the danger that China is significantly under-stating its real inflation levels?
• What impact would a dramatic slowdown or slump in China have on the rest of Asia, and the global economy? Can investors prepare for this?
• What are the regulatory headwinds investors need to be wary of?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Mark Konyn
Chief Executive Officer
RCM Asia Pacific

Sen Sui
Senior Director, Head of Advisory, Asia
Credit Agricole Private Banking

Wei Gu
China Columnist
Reuters Breakingviews

Sidney Sze
President
Society of Registered Financial Planners

John Foley
Bureau Chief
Reuters Breakingviews

• Three things we think will happen in 2011
• Three things that probably won't but should
• Where the market got it wrong in 2010

• What’s the outlook for Asian equities in 2011?
• In light of these views, how should clients position their portfolio accordingly? What allocations and sectors make most sense?
• To what extent should investors be re-adjusting their performance and return expectations in today’s new investment environment?
• What investment and trading strategies are popular at the moment among private clients?
• How and where do equity-linked products fit today?
• Are too many clients over-concentrated in equity-linked products? What approach is most appropriate?
• What are the key risks for investors to be aware of?
• How will product structures evolve?
• How will clients approach risk and leverage in relation to equities?

Chair

Hansi Mehrotra
Head of Wealth Management, Asia Pacific, Investment Consulting
Mercer

Panel Members

Chris Van Aeken
Managing Director, Head of International Wealth Management Products and Services
Morgan Stanley

Angel Wu
Regional Head, Products & Solutions for Private Banking, Asia
ABN AMRO Private Banking

Rainbow Pan
Chief Executive Officer
ipac financial planning Hong Kong

Graham Bibby
Chief Investment Officer
Richmond Asset Management

Stefan Masuhr
Head of Credit Structuring & Repackaging, Asia Pacific
RBS

• Why Asia credit - more than a high beta play
• Offshore CLNs, access trades and variations
• CNH credit plays

• What is the outlook for Asian credit in 2011?
• Where are the main opportunities for private clients?
• How best can investors access these?
• What are the merits and pitfalls for investors and advisers to consider?
• Where and how does credit fit into investor portfolios in today’s environment?
• How should they be adjusting their asset allocation?
• What are the common misconceptions around credit among Asian clients?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Li Mo Chuen
Senior Fixed Income Specialist
RBS Coutts

Olivier Destandau
Head of Private Banking Sales, Asia Pacific
RBS

Viktor Hjort
Head of Fixed Income Research, Asia, Private Wealth Management
Morgan Stanley

Hansi Mehrotra
Head of Wealth Management, Asia Pacific, Investment Consulting
Mercer

Matthew Lovatt
Director, Equities
AXA Investment Managers

• Where we are in the cycle for GEMS: mid-cycle or later?
• What are the inflation risks?
• What is the likely impact on government policy in the near term as a result of inflation risks?
• What premium should emerging markets trade at? Exploring valuation versus growth debate
• The need for diversification and flexibility

• Various industry reports and surveys highlight numerous gaps between what clients want and what their wealth managers deliver – where are the biggest mis-matches in expectations and delivery? What’s missing in what private banks and other wealth management organisations are currently offering and the way they are implementing this?
• How can firms fill these gaps? Are they able to make the required changes given the existing pressure on margins?
• With so much expectation hitched to Asia’s growth story, what can firms do to stand out in this environment? What are the critical success factors?
• What model works best in today’s new environment?
• How should banks adapt business models to deal with the challenges arising from the growing amount of competition, and the subsequent pressure on profitability? Is the pressure from shareholders too great for listed entities to be able to take the long-term perspective they say they are striving for?
• The move towards fee-based advisory models and an advice-driven approach – is this happening in practice? Is it even realistic or appropriate for the trading-oriented mindset of Asian investors? What potential is there for adapting current models?
• Hiring and retaining talent – how can firms achieve this effectively? What are the right and sustainable compensation schemes, and other initiatives, to motivate staff in a way which truly aligns everyone’s interests?
• How can client segmentation be done more effectively in the current environment? What service models work best today? How do banks need to be structured to deliver this? How can this help in sourcing new clients and rebuilding trust with existing ones?
• How can the industry tackle the regulatory challenges it faces today, and avoid falling foul of the regulators? What are the real risks for institutions?
• Where does all this scrutiny leave the offshore banking model?
• Competitive poaching – to what extent are clients the property of the institution or of the RM, if at all? Who do the declared ambitions of recruiting several hundred new RMs really benefit?

Chair

Michael Stanhope
Chief Executive Officer
Hubbis

Panel Members

Su Shan Tan
Group Head of Wealth Management
DBS Bank

Renato de Guzman
Chief Executive Officer
Bank of Singapore

Carolyn Leng
Head of Private Banking
CIMB Group

Hans Diederen
Chief Executive Officer, Asia
ABN AMRO Private Banking

Eleanor Wan
Chief Executive Officer
Institute of Financial Planners of Hong Kong

Robert Cormie
Managing Director, Asia
CIBC Private Wealth Management

Anthony Yeung
Head of Business Development, Asia
Thomson Reuters Indices

• Measuring performances in new investment trends
• Risk management and trading tools for different asset classes
• Alpha on commodities

Marcus Leese
Partner
Ogier

• Settlors often seek involvement or "control" in the trusts they create.
• What types of trust and what jurisdictions offer the greatest opportunities for settlor involvement or “control”?
• Possible structures include:
  • BVI VISTA trusts
  • Cayman STAR trusts
  • Guernsey and Jersey reserved powers trusts
  • Private trust company structures

Stefan Masuhr
Head of Credit Structuring & Repackaging Asia Pacific
RBS

• Using investment quotas (QFII, FII) - asset swap-type transactions with credit-contingent derivatives
• Offshore CLNs - utilising the quanto-CDS market
• Alternative access - loan repacks, onshore/offshore structured flow

Darren Duffy
Vice President
Lipper, a Thomson Reuters Company

• Common due diligence mistakes
• How to use due diligence as a business differentiator
• What happens when due diligence fails?

Edouard Hoepffner
Head of Structuring, Asia ex-Japan
Daiwa Capital Markets

This workshop will provide practical examples and case studies of using and applying specific option strategies in your clients’ portfolios. It will aim to answer questions such as:

• How to define the goals of such strategies and their implementation?
• How to evaluate the end result?
• How can you sell it to a client, as well as make sure they fully understand the risks and rewards?
• Where do these strategies fit within the overall portfolio?

William Lowndes
Director
Threadneedle Portfolio Services

Matthew Lovatt
Director, Equities
AXA Investment Managers

• Junior Energy – small and mid-cap energy strategy profiting from M&A premium in sector and optionality of the stocks in that sector
• Hybrid Commodities – combination of equity and physical benefiting from different trading conditions in different markets