8.40am
Registration
9.00am
Welcome Address

Andrew Crooke
Editor
Hubbis

9.05am
Panel Discussion
Strategic approaches to compliance in Asian wealth management
  • What are the strategic challenges for wealth management firms operating across Asia?
  • How are Asian banks or international institutions in Asia perceived in the market?
  • How are global market dynamics influencing compliance?
  • How does the business view compliance and how do these units work best together?
  • What have you found to be successful practices in developing and maintaining a culture of compliance in your organisation?
  • What are the challenges to maintaining profitability while being compliant?
  • What approaches to leadership are effective?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Olivier Crespin
Managing Director, Chief Operating Officer
DBS Bank

David Bellingham
Chief Executive Officer & Responsible Officer
Professional Investment Advisory Services

Alex Jagmetti
Head of Asia, Member of the Board
Gonet & Cie

Keith Harrison
Head of Asia Pacific and Branch Manager, Singapore
Bank Hapoalim

Mirsad Cekic
Manager, Singapore
Solution Providers Management Consulting

9.55am
Presentation
Mis-selling vs mis-buying: what can be learnt from recent global enforcement actions?

Philippa Allen
Chief Executive Officer and Managing Director
ComplianceAsia

This presentation will cover recent prosecutions in key Asian jurisdictions, as well as the UK and Australia, considering the impact of such regulatory breaches and what controls the regulators recommend to guard against:

  • Failures in risk profiling
  • Failures in client identification
  • Failures in product assessment
  • Mis-representation and fraud
10.20am
Presentation
The UK Bribery Act - the international compliance challenge

Gerallt Owen
Head of International Regulatory & Corporate Crime
Withers Singapore LLP

  • Extra-territorial reach of the Act
  • "Close connection" test for individuals and the impact on KYC and file opening and monitoring
  • "Operations" in the UK test for commercial entities, and the offence of failing to prevent bribery under section 7 of the Act
  • "Adequate procedures" to prevent bribery
  • Interaction with money laundering legislation and reporting obligations
10.45am
Refreshments & networking
11.10am
Panel discussion
Building compliance operations in private banking to cope with multi-jurisdictional regulations
  • How is a one-bank solution able to manage best execution and the risks of market abuse?
  • How are private banks with multi-jurisdictional operations managing diverse regulatory requirements?
  • What are effective ways to deal with the challenges to managing compliance through the business?
  • How are you monitoring cross-border sales and communications?
  • What are you doing to assess technological gaps and regulatory demands?
  • How are you managing and conveying accountability to relationship managers?
  • Is a definition of a private banking client relevant anymore? And what are the challenges in creating such a definition?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Erik Wilgenhof Plante
Head of Compliance & Anti-Money Laundering
DZ PrivatBank

Adam Long
Head of Legal & Compliance, Wealth Management & Priority/International Banking
Standard Chartered Private Bank

Jay Jhaveri
Head of Business Development, Asia
Wealth-X

Mahesh Bulchandani
Chief Executive Officer, Asia Pacific Operations
FinIQ

Andrew Chow
Partner, Financial Services Regulatory Practice
WongPartnership

11.55am
Presentation
Dealing with the reality of increased transparency

Edmund Leow
Principal, Head of Tax & Wealth Management
Baker & McKenzie.Wong & Leow

12.20pm
Panel discussion
Exploring the evolving landscape for independent asset managers
  • How is the landscape for IAMs evolving?
  • What are some of the compliance-related challenges firms are starting to experience?
  • What do the recent regulatory changes in Singapore mean for locally-based IAMs?
  • How do regulators view IAMs?
  • How can IAMs strike the balance between remaining compliant and yet attractive to both clients and potential recruits?
  • What do firms now need to do if they want to operate in Singapore?
  • What are the challenges around software and technology to create solutions?
  • How do you ensure RMs have right attitude (to compliance) and will play within the boundaries?

Chair

Andrew Crooke
Editor
Hubbis

Panel Members

Anthonia Hui
Chief Executive Officer
AL Wealth Partners

Steve Knabl
Chief Operating Officer & Head of Compliance
Swiss Asia Financial Services

Eddie Lim
Consultant
BDO

Pearl Pillaert
Compliance Officer
Finaport

1.00pm
Lunch
1.45pm
Panel discussion
External influences shaping compliance in 2013
  • How are firms tackling the tax evasion Vs mitigation problem?
  • What systems are you developing to cope with FATCA implementation and how is that affecting existing compliance controls?
  • What are the challenges to managing cross-border sales and how are firms overcoming those?
  • How are wealth management institutions dealing with the regulatory demands around suitability frameworks?
  • How are institutions tackling enforcement in relation to market abuse?
  • How are firms in Singapore and Hong Kong implementing new data protection requirements?
  • What are the major impacts of MAS’ Internet Banking and Technology Risk Management guidelines on wealth management?
  • A recent report claims a 50% increase in costs of sanctions compliance is set to hit financial institutions in the next 12 months. How can institutions change or develop to protect themselves?
  • How are AML/CTF and financial crime risks affecting the wealth management sector?
  • How are wealth management firms developing processes and technology-based systems to support compliance?
  • What are the most successful and effective methods for embedding knowledge of compliant practices in licensed individuals?
  • What are the challenges, or even obstacles to encouraging and developing a culture of compliance in the industry?
  • How do you balance the granular requirements of compliance with allowing a relationship manager to meet targets?
  • Are compliance officers and sales people always in opposition?

Chair

Andrew Crooke
Editor
Hubbis

Panel members

David Vignola
Group Head of Compliance
Standard Chartered Private Bank

Philip Perchard
Senior Compliance Officer
AsiaCiti Trust

Philippa Allen
Chief Executive Officer and Managing Director
ComplianceAsia

Gerallt Owen
Head of International Regulatory & Corporate Crime
Withers Singapore LLP

Angelo Venardos
Chief Executive Officer
Heritage Trust Group

Fran Thompson
Head of Business Development, Asia
DST Global Solutions

2.35pm
Presentation
Generating new business without the fear of non-compliance

Jay Jhaveri
Head of Business Development, Asia
Wealth-X

  • The UHNW landscape in Asia (and specifically South-east Asia)
  • Trends in the UHNW space in South-east Asia over the next five years
  • Building an immediate and medium-term prospect pipeline
  • Due diligence vs source of funds
3.00pm
Refreshments & networking
3.20pm
Panel discussion
Assessing changes and challenges in the dynamics of distribution models
  • Given the FAIR review what changes are we likely to see in distribution of investment products and insurance in Singapore?
  • How are fees and commission structures evolving?
  • What is the likely impact of changes in fees and transparency on the IFA business model?
  • How are IFAs perceived in the wealth management sector?
  • What are the particular challenges to managing relationship managers, and how are you overcoming them?

Chair

Andrew Crooke
Editor
Hubbis

Panel members

Vincent Ee
Managing Director
Financial Alliance

Kenny Low
Head Compliance, Compliance & Practice Standards
IPP Financial Advisers

Anne Cheng
Compliance Officer
Globaleye

Peter Tsih
Chief Operating Officer
Charles Monat Associates

Anil Scott
Senior Investment Adviser
Meyado Private Wealth Management

4.00pm
Forum ends

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