Registration
Welcome Address
Andrew Crooke
Editor
Hubbis
Panel discussion
Building a successful wealth management service in Indonesia
- What does the wealth management market look like in Indonesia at the moment, and how might it develop?
- What are the challenges in developing a more holistic offering?
- How do you acquire clients?
- What are the main challenges in relation to people, processes, platforms and educating clients?
- What are the biggest regulatory issues in the industry? What more is needed to help the market develop further?
- What needs to be done to better align interests of clients and advisers?
- How can clients manage the relationships with their bankers and maximise their wealth?
- What are the component parts of getting a wealth management platform right?
- How is the fee model evolving generally in Indonesia? How suitable is a fee-for-service model for HNW clients?
- Many wealthy Indonesians have private banking accounts in Singapore or Hong Kong? What more can be done for them in offshore markets?
- Do you expect to see more firms setting up onshore operations in Indonesia? Is there enough depth to the market to support this?
- What can be learnt from foreign private banks?
- As banks look to start scaling their private banking platforms, what are some of the issues they face?
- What are the biggest compliance and front-office risks you face in Indonesia? And what can you do to guard against them? What operational issues are most common? How can you overcome these, and get your staff to follow the controls?
- What does suitability in Indonesia mean in practice? How can you avoid mis-selling?
- The majority of wealthy Indonesians probably don’t pay the level of tax that they’re supposed to. Will that change?
- What is the role of Islamic wealth management in Indonesia?
Chair
Andrew Crooke
Editor
Hubbis
Panel Members
Tri Djoko Santoso
Chairman
FPSB Indonesia
Herwandi Kuswanto
Head of Wealth Management Business Unit
PT Bank Central Asia
Maikel Sajangbati, CWM
Member, Board of Advisors, and Counsellor
Certified Wealth Managers’ Association
Jake Wallis
Country Manager
Imperium Capital
Martha Bambang, CWM
Chief Learning Officer, Bank Internasional Indonesia
Chairperson I, Strategic Alliance Department, CWMA
Alex Jagmetti
Head of Asia, Member of the Board
Gonet & Cie
Presentation
How to successfully implement a Customer Communication Management strategy
Urs Tanner
Chief Executive Officer
Assentis Technologies
Providing consistent and individualised communication with relevant content for the user across all channels is more and more essential for banks in order for them to build-up trust with prospects and clients. Regardless whether communication happens through mobile channels, the internet or in paper format, users want to receive personalised and relevant content from their banks. Customer Communication Management (CCM) addresses these needs via an integrated approach. This presentation looks at the role and impact of CCM, and how a wealth manager can implement a successful CCM strategy.
Refreshments & networking
Presentation
Building a learning & development culture
David MacDonald
Managing Director and Head of Consulting & Learning Solutions
Hubbis
- How to engage your staff, enhance the client experience and make more revenue
- How to deliver effective and robust training
- Implementing learning – how to monetise training and optimise sales performance
- Retaining talent – a sustainable way to incentivise your staff and keep them loyal
Panel discussion
Learning from international wealth management models
- What are the industry best practices in more developed wealth management markets in Asia, especially Hong Kong and Singapore?
- What are the processes, systems and technology involved in creating leading offerings in these markets?
- What are the best-practice risk management frameworks?
- What lessons can be learned from regulatory models and licensing in more developed wealth management markets – for instance Australia, Singapore and Hong Kong?
- What is the approach to product development?
- What is international best practice in talent management and development?
- How do overseas firms engage their clients?
- What product offerings exist overseas for different client segments?
- Where are the biggest gaps between overseas markets and Indonesia in terms of the product offering?
- What lessons can be applied in the Indonesian context?
Chair
Andrew Crooke
Editor
Hubbis
Panel members
Eng Huat Kong
Chief Executive Officer, Singapore and South-east Asia
EFG Bank
Richard Piliero
Regional Executive
Finaport
Noor Quek
Founder / Managing Director
NQ International
Bert-Jan van Essen
Head APAC
Assentis Technologies
Presentation
Developing the wealth management industry in Malaysia
K R Raju
National President
Malaysia Financial Planners & Advisers Association
- How the industry has evolved
- Developing the regulatory framework
- Opportunities and challenges
Presentation
The shifting currents of wealth – implications for wealth management in Asia
Mykolas Rambus
Chief Executive Officer
Wealth-X
- Global UHNW populations
- Asia “hot spots” and implications
- AUM movements
- Global trends and impact on the Asia region
Lunch
Presentation
Embracing digital: a high-stakes revolution in high net worth client management
Edward Lopez
Executive Vice President, Ambit Wealth & Private Banking
SunGard
Today, there are more high net worth individuals (HNWIs) in Asia than anywhere else. The challenge for the wealth management industry is how to connect to these individuals fast, establishing relationships so that their financial needs can be met. This presentation will focus on what it will take to connect and compete within the wealth management industry today and in the future:
- How do you better connect with your clients?
- What do you need to be competitive?
- Where can we gain market share?
- Which channels should you be using to engage your customer base?
- Why can you be confident about the future?
Presentation
Systems & support for the wealth management business
Ian Thompson
Business Development Manager, Asia Pacific
Sopra Banking Software
- Different customers have different requirements
- Common issues faced
- Wealth management drivers & challengers
- Wealth management solutions answers
- Infrastructure for a wealth management system
Panel discussion
How does the product offering need to evolve?
- What can be done to expand the product range in Indonesia and help the domestic market grow further?
- Where is the biggest demand among clients?
- What are the best ways to provide enhanced returns?
- How can the market cater effectively to wealthy Indonesians via asset allocation and diversification?
- How can local banks move beyond the product-pushing culture which has defined the market to date?
- To what extent do the commission and revenue models in Indonesia need to change for the market to develop further?
- In general, how well educated are Indonesian clients?
- What is the approach to portfolio construction in more developed wealth management markets, such as Singapore and Hong Kong?
- How can advisers better set expectations, and what is reasonable in terms of market returns?
- Should local Indonesian clients be allowed to buy a broader range of investment products, including foreign funds?
- To what extent is there connectivity between China and Indonesia from an investment perspective?
- There is a lot of focus on fixed income at the moment. Are clients likely to get more interested in equities any time soon?
Chair
Andrew Crooke
Editor
Hubbis
Panel members
Vera Margaret
Wealth Management and Private Banking Product Group Head, Preferred, Private, Wealth Management & Consumer Liabilities
PT Bank CIMB Niaga
Oemin Handajanto, CWM
President Director, Zurich Topas Life
Chairperson II, Strategic Alliance Department, CWMA
Anita Abdulkadir, CWM
Chief Marketing Officer
Eastspring Investments Indonesia
Ron Lee
Head of Investment Advisory, Private Banking, Asia
Union Bancaire Privee
Sunny Ng
Director of Fund Research, Asia
Morningstar
Refreshments & networking
Presentation
Revisiting the asset allocation and active management debates
Sunny Ng
Director of Fund Research, Asia
Morningstar
- Does asset allocation determine 90% of investor returns?
- How did MPT fail us?
- Is strategic asset allocation a sufficient risk management tool?
- If asset allocation is so important, why do we spend so much time focusing on manager and stock selection?
- Is active management dead?
- Is it possible to choose managers that outperform?
Panel discussion
Getting your value proposition and client experience right
- Are firms really prepared to make the required commitment to growing a wealth management business, given this will likely take many years?
- What are the general expectations and requirements of Indonesian private clients with their onshore wealth?
- How has this been changing?
- How can you differentiate your offering given the increasing competition?
- What are the component parts of getting your wealth management platform right?
- How can you overcome the problem of finding, training and retaining staff?
- How can you engage your staff, enhance the client experience and make more revenue?
- What is the real differentiator – product, systems, process, people or culture?
- Can you establish a wide distribution platform and forge links with offshore players to offer a diversified offering and maximise the profitability of your business?
- What technology is needed to provide an effective solution for clients?
- How can you onboard clients more seamlessly and show them investment products?
- What financial planning tools are needed?
Chair
Andrew Crooke
Editor
Hubbis
Panel members
Darmadi Sutanto, CWM
Managing Director, Consumer & Retail Banking, Bank Negara Indonesia
Chairman, Certified Wealth Managers’ Association
Herris B Simandjuntak, CWM
Board of Counsellors and Advisors
Certified Wealth Managers’ Association
Mykolas Rambus
Chief Executive Officer
Wealth-X
Edward Lopez
Executive Vice President, Ambit Wealth & Private Banking
SunGard
Michael Stanhope
Chief Executive Officer
Hubbis
Forum ends