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IBF Connect (Wealth Management) 2016

The Transformation of the Wealth Management Industry

3 March 2016

At the inaugural IBF Connect session on 3 March, Mr Lawrence Lua, Chairperson of Continuing Professional Development Advisory Group (CPD AG); Managing Director, Head of Private Bank, South & Southeast Asia, DBS Bank Ltd; and IBF Fellow, shared the latest CPD results.  He also recommended focus areas for the industry to consider as competency priorities for 2016.

In this session, we were also privileged to have experts from MonitorDeloitte, Mornington Services Pte Ltd and PwC to present on the trends and uncertainties in the wealth management industry landscape, an institutional approach to private wealth management and the changing dynamics of today's private banking industry.

The IBF Connect is a series of industry-specific seminars to gather the financial community to discuss issues in a closed-door forum. The event aims to promote industry best practices and facilitate discussion on industry trends amd developments.

To be part of such events in the future, please email events@ibf.org.sg.  For updates on events, follow us on LinkedIn and Instagram.

IBF Connect (Wealth Management) 2016

The Transformation of the Wealth Management Industry

3 March 2016 

Time Activity
   2.15pm

Welcome Remarks
Lawrence Lua
IBF Fellow
CPD Advisory Group Chairperson
Managing Director, Head of Private Bank, South & Southeast Asia,
DBS Bank Ltd
                        

​2.20pm

Presentation on 2015 CACS CPD Results
Ong Puay See, CEO, The Institute of Banking & Finance (IBF)

                    

Presentation on "Potential scenarios from the trends and uncertainties in the Wealth Management industry"
Mohit Mehrotra, S.E Asia Leader, MonitorDeloitte    

The fourth industrial revolution has significant impact on the wealth management industry. The traditional business and operating models are under greater pressure. Demand and supply driven trends and uncertainties pose significant challenges and opportunities for the wealth management industry. 

Key trends and uncertainties include:

·  The rise and impact of the sharing economy
·  Opportunities and challenges from Rapid urbanization
·  Implications from greater pressure on individuals
·  Increased fragmentation and concentration in ecosystems

                    

Presentation on “Changing dynamics of today’s private banking industry”
Michiel van Selm, Director, Financial Services Industry Practice, PwC

Michiel’s presentation will discuss evolving business models in line with the changing dynamics of today’s private banking industry. The presentation will go into the balance banks' need to find between standardisation and automation on one side and a personalised client experience on the other side.  The sharing will also include behavioural changes on High Net Worth and Ultra High Net Worth clients and how business can enhance customer experience. Advisor would benefit to understand further on the impact on their role, value proposition and skills required.

CEO Dialogue - "The Transformation of the Wealth Management Industry"
Moderator: Michiel van Selm, Director, Financial Services Industry Practice, PwC

Conrad Lim, IBF Fellow, Managing Director & Deputy CEO, Regional
     Head Legal & Compliance, LGT Bank

Lawrence Lua, IBF Fellow, Managing Director, Head of Private Bank,
     South & Southeast Asia, DBS Bank Ltd

Mohit Mehrotra, S.E Asia Leader, MonitorDeloitte

Robin Heng, IBF Fellow, Managing Director, Global Market Head,
     Indonesia and Philippines, Bank of Singapore Ltd

                    

Coffee Break

Presentation on "SFOs and MFOs - An Institutional Approach to Private Wealth Management"
Chew-Mee Foo Kirtland, Managing Director, Mornington Services Pte Ltd         

Panel Discussion - "Managing Private Wealth - New Challenges in Preserving and Growing Value in Assets"
Moderator: Chew-Mee Foo Kirtland, Managing Director, Mornington Services Pte Ltd 
David Buerge, CAIA, Director, BlackRock Alternative Advisors (BAA)
Nadav Lehavy, Managing Director, Sand Aire (Singapore) (PTE.) Ltd.
Stacy Choong, Partner,  Withersworldwide

​6.00pm​End of Seminar

IBF Connect (Wealth Management) 2016

The Transformation of the Wealth Management Industry

3 March 2016

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