A group of local Manila-based and also regional/international wealth management experts will assemble for the virtual Hubbis Digital Dialogue of October 19 to consider how and where the Philippines’ wealth management market is developing, set against the backdrop of other ASEAN countries. They will analyse where there needs to be more progress and what blocks need to be put into place in order to facilitate such progress, such as regulatory liberalisation, greater investment by the local and international players, more trendsetting by the new JV partnerships between onshore and offshore partners, and so forth.

Understanding the key drivers and current competitive environment is vital for the positioning of the local and international players as they jostle for prominence in what is certainly a market of huge potential, as the population keeps growing and as the economy and private wealth creation keep expanding. Even amidst the havoc of the pandemic, the Asian Development Bank is anticipating GDP growth of 4.5% in 2021 and 5.5% in 2022, and with inflation rates expected of 4.1% in 2021 and 3.5% in 2022 and declining interest rates, there are good reasons for the country’s mass affluent and HNWIs to take more cash out of deposits and to invest in the financial markets. Moreover, the demographics are very encouraging - the Philippines has both a huge and a very young and fast-expanding population, the third youngest in Asia.

Although the Philippines has always been one of those economies and markets that has perhaps promised more than it has delivered, there is today mounting optimism that the private sector, the regulators and the government are more aligned than ever in wanting to promote the financial sectors as the country’s population grows so rapidly, as the mass affluent are rising fast and as the government seeks to bring more of the massive offshore wealth of the rich and super-wealthy back onshore. The result is a gradually more diversified range of products and solutions onshore and a broader range of private banks and independent wealth firms, some of the alliances between international names and powerful local financial institutions with the reach across the country’s vast lands and many thousands of islands. Moreover, there is rising interest amongst the wealthy in estate and legacy planning, in alternative assets, in globalising their investment portfolios and in generally enhancing both the risk management and also allocation strategies they adopt.

Oct 19

Boosting the Philippines Wealth Management Market in the Pos...

3.00pm - 4.00pm HKT/SGT

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Senior figures in Asian Wealth Management are speaking at this event

Michael Oliver Manuel

Sun Life Financial

Patrick Cheng

China Banking Corporation

Stella Cabalatungan

BDO Private Bank

Abhra Roy

Infosys Finacle

Scott Moore, IMCM

Henley & Partners

Vincent Magnenat

Lombard Odier

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Event Agenda
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  • 15.00pm

    Boosting the Philippines Wealth Management Market in the Post-Pandemic era

    • How are asset managers and wealth managers evolving to engage the post-pandemic era?
    • How do international private banks continue to enhance their appeal to Wealthy Filipinos?
    • How has Covid-19 changed client communication and the sales process? Is this change permanent?
    • The costs saved (entertainment and travel) has been spent on what?
    • What does client experience mean to you?
    • What have you done to improve the efficiency of your advisers at this time?
    • Has demand for investment products stayed strong? And for what type of themes or strategies?
    • Are banks still the dominant wealth management players? Or are any new entrants making inroads?
    • How are firms accelerating their digital transformation?
    • Can digital channels be successful by themselves – or is this all about partnerships?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Abhra Roy

    Head, Finacle Wealth Management Solution

    Infosys Finacle

    Stella Cabalatungan

    Executive Vice President, Head of Wealth Management Group

    BDO Private Bank

    Vincent Magnenat

    Chief Executive Officer, Asia

    Lombard Odier

    Michael Oliver Manuel

    Chief Market Development Officer

    Sun Life Financial

    Patrick Cheng

    Executive Vice President and Chief Financial Officer

    China Banking Corporation

  • 16.00pm

    Webinar Ends

Oct 19

Boosting the Philippines Wealth Management Market in the Pos...

3.00pm - 4.00pm HKT/SGT

Speakers

Michael Oliver Manuel

Sun Life Financial

Patrick Cheng

China Banking Corporation

Stella Cabalatungan

BDO Private Bank

Abhra Roy

Infosys Finacle

Scott Moore, IMCM

Henley & Partners

Vincent Magnenat

Lombard Odier

Oct 19

Boosting the Philippines Wealth Management Market in the Pos...

3.00pm - 4.00pm HKT/SGT

Partners

platinum

Oct 19

Boosting the Philippines Wealth Management Market in the Pos...

3.00pm - 4.00pm HKT/SGT