Third Annual Wealth Management Summit on 28 September, 2018

The third annual Wealth Management Summit was a full-day event and attracted over 800 participants. The Association was honoured to have Hong Kong’s Chief Executive, The Hon. Mrs. Carrie Lam Cheng Yuet-ngor, deliver the Keynote Speech and Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority, participate in a lively “fireside chat” session on banking supervision. Other highlights of the event included a presentation by KPMG on the findings from the PWMA-KPMG annual survey and White Paper; a CEO Panel discussion featuring leading regional heads of private wealth management discussing those findings and their views on the industry’s outlook; a provocative presentation by independent economist Andy Xie on the implications of heightened Sino-US trade tensions; and panel discussions on the future of private wealth management in China and the digital tipping point for private banking.  


PWMA Wealth Management Summit Agenda




Welcome Remarks
Amy Lo
Chairman, Executive Committee, Private Wealth Management Association;
Chief Executive, UBS Hong Kong Branch;
Chairman and Head Wealth Management Greater China, UBS Global Wealth Management


Presentation of the PWMA Survey Findings and White Paper Highlights
Paul McSheaffrey, Head of Banking & Capital Markets, KPMG China


Keynote Speech
The Honorable Carrie Lam Cheng Yuet-ngor, GBM, GBS, Chief Executive, Hong Kong Special Administrative Region


CEO Panel Discussion: Charting a Path Forward
How is the private wealth management market changing within Asia and globally, and how should Hong Kong adapt to the evolving industry landscape? Regional heads of leading private banks discuss these themes, as well as findings from the PWMA-KPMG survey and white paper.
- Vincent Chui, Chief Executive, Morgan Stanley Asia International Limited
- Ronald Lee, Head of Private Wealth Management (PWM), Asia Pacific, and Managing Director, Goldman Sachs (Asia) L.L.C.
- Tan Siew Meng, Regional Head of Global Private Banking, Asia-Pacific, HSBC Private Bank
- Pierre Vrielinck, Chief Executive Officer, Wealth Management, Asia Pacific, BNP Paribas
Moderator : Patrick Donaldson, Head of Market Development, Wealth Management – Asia Pacific & Japan, Thomson Reuters


Coffee Break


A conversation with Arthur Yuen, JP, Deputy Chief Executive, Hong Kong Monetary Authority**
Mr. Yuen speaks with Donna Wacker, Partner, Head of Contentious Regulatory and Contentious Insolvency at Clifford Chance, about the HKMA’s supervisory agenda and striking the right balance between customer protection and overregulation.


Networking Lunch


Sino-US Rivalry: How Would It Impact Economy and Market?
The Trump administration’s America-first policies are shaking up the old order of free trade. Its strategy toward China in particular has thrown old assumptions underlying the all-important US-China economic relationship out the window. What are the implications for global growth and how can investors best position themselves accordingly?
Andy Xie, Independent Economist


Panel Discussion: The New China Paradigm
Mainland China represents the main driver of growth for private wealth managers in Hong Kong, but also a source of competition and disruption as new players emerge with their own value propositions. What does the future of private wealth management in China look like and how does it differ from trends elsewhere? How will technology play a role in the rollout of key offerings?
- Thomas Kwan, Chief Investment Officer, Director, Board of Directors, Harvest Global Investments Limited
- Kenny Lam, Group President, Noah Holdings Limited
- Yuan Li, Head of Wealth Management, Senior Managing Director, Yunfeng Financial Group
- Will Wang, Managing Director, Head of Wealth Management, CMB International of China Merchants Bank
Moderator : Catherine Cheung, Asia Pacific Investment Strategist, Citi Private Bank


Coffee Break


Panel Discussion: The Digital Tipping Point of Private Banking
How are giants in the tech and social media space changing the way consumers approach their finance and investment needs? How can private banks keep up with the FinTech revolution, leveraging technology to better serve the clients and keep their costs down? Can RegTech (e.g. KYC, AML) make a difference? How can firms nurture future-proof skills and knowledge?
- Andy Ann, Founder and CEO, NDN Group
- Yvonne Mok, Director of Sales APAC, Appway
- Peter Rutherford, Director, Asia Pacific Information Technology, Credit Suisse AG
- Steve Yang, Partner, Privé Technologies
Moderator : Jame DiBiasio, Co-founder & Editor, DigFin Group


Closing Remarks


End of Conference