Few would disagree that Malaysia has the potential to evolve further into what will eventually be a mature and very thriving wealth management market, emulating in an onshore model many of the successes of neighbouring Singapore and also Hong Kong.
There is plenty of room for Malaysia’s market to grow robustly alongside those more well-established offshore financial centres, as long as participants in Malaysia can manage the tighter regulatory demands, boost the array of investment products and solutions, and if they continue to develop the Islamic finance wealth market. At the same time, the incumbent players will need to compete energetically and smartly against new entrants that have been becoming more prominent locally, as the regulators continue to gradually liberalise the financial markets. Digitalisation, increasingly savvy demand from customers and diversification in the revenue generation avenues available are the hallmarks of the wealth management model as key protagonists would like to see it develop in Malaysia.
Wealth managers are also striving to boost the fee-paying advisory and DPM models, to fight back against the tide of lower product fees, which are consistently being driven down by both competition and regulatory demands. And at the same time, key players are aiming to expand the remit of the wealth management industry away from solely focusing on investments and asset management and towards insurance, family office services, estate/legacy planning and even investment migration solutions. Are the regulators helping or hindering these developments? Are Malaysia’s private clients engaging with these concepts, the products and solutions and the increasingly digitised methods of delivery? And how is the industry coping with the implications of the pandemic?
The overall mission is to significantly boost the variety and diversity of products on offer and the professionalism of the advisors and the industry at large, but the big question is exactly how can this be achieved, and at what pace.
A panel of experts will debate these fascinating topics, and others, in the Hubbis Digital Dialogue of October 15.
Malaysian Wealth Management – The Evolution of the Market an...
3.00pm - 4.00pm HKT/SGT
A community of leading organisations within Asian Wealth Management
Senior figures in Asian Wealth Management are speaking at this event
Idi Irwan
Bill Morrisons
Jovin Shen
CREALOGIX
Mark Smallwood
Hubbis
Raghavendra Ramesh
Moxo
Reuben Tan
OCBC Bank
Sammeer Sharma
Standard Chartered Bank
Why you should attend Hubbis events
Experience our latest event for yourself
MALAYSIA WEALTH MANAGEMENT FORUM 2024
3.00pm - 4.00pm HKT/SGT
We were delighted to host our annual Malaysia Wealth Management event in Kuala Lump...
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3.00pm
Malaysian Wealth Management – The Evolution of the Market and the Challenges Ahead
- What is the opportunity for wealth management industry and has Malaysia been living up to its potential?
- Do Malaysia’s private clients have sufficient trust in the private banks and the advisory community?
- Can Malaysia keep more of its very wealthy clients onshore, or will they keep focusing on the offshore market, especially Singapore?
- Is there enough talent at home, or does the best talent move offshore in Asia?
- Is there a drive towards genuinely open architecture, and is this initiative succeeding so far?
- How can the regulators and the industry work together to expand the range of investment opportunities?
- Are the key players in Malaysia converting clients to advisory and/or DPM?
- What digital proposition is on offer to clients across the different segments of wealth, why and how is this developing?
- Malaysia has a head start globally in Islamic finance, but is the country truly developing its Islamic wealth management market?
- Are the private clients engaged sufficiently with life insurance solutions?
- Is the concept of professional legacy and succession planning winning through?
- What digital proposition is on offer to clients across the different segments of wealth, why and how is this developing?
Moderator
Speakers
Sammeer SharmaManaging Director, Head - Consumer, Private, and Business Banking, Malaysia
Standard Chartered Bank
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4.00pm
Webinar Ends
Malaysian Wealth Management – The Evolution of the Market an...
3.00pm - 4.00pm HKT/SGT
Idi Irwan
Bill Morrisons
Jovin Shen
CREALOGIX
Mark Smallwood
Hubbis
Raghavendra Ramesh
Moxo
Reuben Tan
OCBC Bank
Sammeer Sharma
Standard Chartered Bank
Malaysian Wealth Management – The Evolution of the Market an...
3.00pm - 4.00pm HKT/SGT
Malaysian Wealth Management – The Evolution of the Market an...
3.00pm - 4.00pm HKT/SGT