31 March 2016
As part of our continuing effort to develop professional competencies for the wealth management industry, The Institute of Banking & Finance Singapore (IBF) co-organises regular seminars in partnership with Private Banks, entitled "IBF CACS Connect" series that are tailored for CACS Covered Persons.
At the recent IBF CACS Connect, IBF co-hosted with BNP Paribas Wealth Management, which session was held at the BNP Paribas APAC Campus.
The key highlights were the key findings from "Global Entrepreneur Report "and "M&G APAC Wealth Barometer Report" (produced in partnership with scorpiopartnership). Participants were updated on the knowledge gap of HNWIs in the region, and how private bankers are facing growing competition in remaining as a trusted resource for clients. Private bankers were also encouraged to rethink on the current client engagement model.
The session also covered the implications of Automatic Exchange of Information (AEOI) on the clients of private bankers. The discussion here covered issues such as clients' asset immigration, intergenerational wealth transfer, tax amnesty and client data confidentiality.
Participants also learnt about the cognitive biases of investors toward asset allocation, and how private bankers can overcome them.
To be part of such events, please register your interest by emailing to firstname.lastname@example.org. For updates on IBF events, follow us on LinkedIn and Instagram.
The Changing Landscape for High Net Worth Investors
Opening RemarksErnest Leung, CEO, BNP Paribas Wealth Management
Welcome Address Ong Puay See, CEO, The Institute of Banking & Finance (IBF)
Perception vs Reality -
Understanding the Asian HNW InvestorBen Cherrington - Director of Intermediary Channels,
Asia Pacific, M&G Investments AsiaThe presentation will cover:- The M&G APAC Wealth Barometer- The knowledge gap- Where do your clients go for information, and why?- What does this mean for you and your clients?
Implications of Automatic Exchange of Information (AEOI) in the Ultra High Net Worth LandscapeBerry Wong, Head of Wealth Planning Services, Asia Pacific, BNP Paribas Wealth Management
Garth Bregman, Head of Discretionary Portfolio Management, Asia Pacific, BNP Paribas Wealth Management Garth will share his insights on behavioral finance and raise key questions on investor behaviour towards asset allocation.
Royston Low, Regional Head Private Investments, Asia Pacific, BNP Paribas Wealth Management
The presentation will shed some light on the
growing class of Alternatives Investments and in particular Private Equity as
an asset class. It will cover the Private Equity asset class evolution
over time and also share reasons attributing to its stellar growth.
The presentation also highlights some of the
potential risks / concerns and the outlook for the industry going forward.
Closing RemarksArnaud Tellier, Head of Investment Services, Asia Pacific, BNP Paribas Wealth Management
Click Image thumbnail to enlarge.
Check out more photos on Flickr.
Interview with Mr Arnaud Tellier, Head of Investment Services Asia, BNP Paribas Wealth Management on the most important thing private bankers should be aware of in the current financial landscape.