We are delighted to host our 7th Compliance in Asian Wealth Management Forum in Singapore.

As the Asian private banking and wealth management industry goes through various degrees of recalibration and strategic rethinking – we are delighted to host this pre-eminent forum discussing the ever growing domestic and International Compliance challenges in Asia.

If you want to learn how you can make the most of this important opportunity – stay relevant as the compliance landscape evolves and get increasingly complex. Hopefully this event will help you.

The Forum is exclusively designed for CEOs, COOs, Heads of Compliance, Compliance Officers, Heads of Legal, Senior management, product gatekeepers and RM’s at Private Banks, Trusts and Fiduciary firms, Independent Asset Management Firms (IAM), External Asset Managers (EAM) and Multi-Family Offices (MFO).

Key elements of the event –

  • Identify and share best practices with more than 300+ leading wealth management and compliance professional colleagues
  • A meaningful get-together for compliance professionals with top Asia-based private banks Independent Asset Management Firms (IAM), External Asset Managers (EAM), Trust and Fiduciary firms and Multi-Family Offices (MFO)
  • Explore and foster industry compliance practices with exciting and interactive panel discussions, focused presentations, workshops
  • An unprecedented opportunity to hear from more than 30 local and international speakers who are experts in this space
  • 7 focused presentations
  • 5 Panel discussions
  • 2 Workshops

 

Jan 17

Compliance in Asian Wealth Management Forum 2019

ANDAZ Hotel, Singapore

Featured speakers
All event speakers

Senior figures in Asian Wealth Management are speaking at this event

Tan Woon Hum

Shook Lin & Bok

Laurence Lancaster

The Sovereign Group

Adriel Loh

Bank of Singapore

Josh Heiliczer

EY

Why you should attend Hubbis events

Connect

Connectivity across Private Banking, Independent Wealth Management, Retail Banking, Asset Management, Insurance, Technology, Professional Services and other communities.

Learn

Find out how the industry can develop further & lessons it can learn from elsewhere. Improve skills and knowledge through a practical, enjoyable and interactive learning experience.

Enjoy

Hubbis events are not only consistent, relevant, engaging and unique but also highly positive, and fun experiences.

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Event Agenda
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  • 8.40am

    Registration

  • 9.00am

    Welcome Address

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

  • 9.05am

    Panel discussion - Compliance hot topics and trends 2019

    • A reflection on the challenges of the past year
    • What are the main compliance challenges for the year ahead?
    • Risk Heat Map 2019 – what goes up, what goes down and why?
    • Where should compliance teams focus their efforts and available resources?
    • Where should we focus attention in terms of digitisation of compliance functions this year?
    • How best to meet the challenge of finding the appropriate skillset in a millennial world?
    • How are these developments impacting your business?

    Chair

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Adriel Loh

    Managing Director, Global Head of Compliance

    Bank of Singapore

    Josh Heiliczer

    Partner - Financial Services Risk Management

    EY

    Conrad Lim

    Managing Director & Deputy Chief Executive Officer, Senior Regulatory Counsel Asia

    LGT Bank

  • 9.55am

    Presentation - The new AML/CFT regulatory regime for Precious Stones and Metals Dealers (“PSMDs”)

    Glen Chee

    Director

    DWF Compliance

    • Registration of Precious Stones and Metal Dealers (“PSMDs”)
    • AML/CFT Policies and Procedures
    • Perform Client Due Diligence and file Cash Transactions Reports for cash transactions $20,000 and more
    • Perform Client Due Diligence if suspicion is detected
    • Risk Assessment
    • Enhance Due Diligence
    • Internal audit
    • Appoint compliance officer
    • Training
  • 10.15am

    Panel discussion - Exploring the evolving landscape for independent asset managers

    • How is the landscape for IAMs evolving?
    • What are the current compliance challenges for IAMs in the year ahead?
    • What do the recent regulatory changes in Singapore mean for locally based IAMs?
    • What do firms need to do if they want to operate in Singapore?
    • What are the challenges and opportunities around the use of software and technology to create solutions?
    • How do you ensure RMs have the right attitude to compliance and play within the prescribed boundaries?

    Chair

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Anthonia Hui

    Chief Executive Officer

    AL Wealth Partners

    Noor Quek

    Founder, Chief Executive Director

    NQ International

    Rolf Haudenschild

    Co-Founder, Head of Regulatory & Risk Services

    Ingenia Consultants

    Philipp Piaz

    Partner

    Finaport

  • 11.00am

    Refreshment & Networking

  • 11.30am

    Presentation - Data Protection and Privacy - Trends and developments

    Charmian Aw

    Counsel

    Reed Smith

    • Proposed changes to India’s data protection legislation
    • How will these changes impact on privacy compliance for the rest of Asia
  • 11.50am

    Presentation - Next Generation Identity Matching: Reduce Regulatory and Operational Risk!

    Jordan Lo

    Senior Project Manager

    IMTF

    • How it supports all regulatory challenges
    • Challenges of multi languages
    • Support of Machine Learning
    • Use cases
  • 12.10pm

    Presentation - Can AI assist in your compliance journey?

    Raffael Maio

    Managing Director APAC, Co-founder

    NetGuardians

  • 12.30pm

    Presentation - Promoting Financial Services and Products – Different clients, different channels, different regulations

    Rolf Haudenschild

    Co-Founder, Head of Regulatory & Risk Services

    Ingenia Consultants

    • Restrictions regarding the promotion of financial services and products
    • Opt-in regime for accredited investors
    • Requirements on digital sales channels
    • Challenges of selling into other jurisdictions

     

  • 12.50pm

    Presentation - Data Retention: Evolving Best Practices

    Daniel P. Levison

    Partner

    Morrison & Foerster

    • The importance of “appropriate” retention of company data
    • Increasing complexity and changing obligations
    • Special issues relating to messaging apps
    • Policy- and technology-based solutions
    • Today’s best practices and what’s ahead
  • 13.00pm

    Lunch

  • 13.50pm

    Workshop - Transparency Challenges for the year ahead

    Zac Lucas

    Founder, Head of Legal

    Centenal

    • Latest developments CRS
    • Implementation challenges
    • Mandatory Disclosure - what is it, how will it affect compliance operations
    • What sort of structures are caught by MDR?
    • How to spot MDR avoidance structures
  • 14.30pm

    Panel discussion - Cross-Border Sales - Opportunities and pitfalls to consider

    • Understanding the risks and rewards
    • Understanding the Rules of Engagement
    • Implementing Clear policies and Procedures and training
    • The commercial interplay between business development and compliance
    • What to do when things go wrong?

    Chair

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Evelyn Koh

    Head, Network Compliance, Wealth Management

    Standard Chartered Bank

    Sabrina Cheng

    Head of Wealth Management Compliance, Singapore

    BNP Paribas

    Tan Woon Hum

    Partner, Head of Trust, Asset & Wealth Management Practice

    Shook Lin & Bok

    Matthew Maddocks

    Independent Risk Consultant

    ORC Professional Services

    Daniel P. Levison

    Partner

    Morrison & Foerster

  • 15.20pm

    Refreshment & Networking

  • 15.40pm

    Panel discussion - Tax Compliance in the Transparent new world

    • CRS and AEOI, MDR and beneficial ownership registers. What can we expect to be targeted next?
    • FATCA – Where are we are we on enforcement of compliance breaches?
    • Mandatory disclosure of tax avoidance schemes to fight against “base erosion and profit sharing”(BEPS)
    • Prosecution of ‘enablers’ of tax evasion 
    • Unexplained Wealth Orders - Are we likely to see Asian jurisdictions follow the new UK regime?
    • How to best obtain cooperation from clients to meet tax compliance standards?
    • What more can be done to educate clients about the potential impact on them of tax transparency?

    Chair

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Vikna Rajah

    Partner, Head of Tax, Trust & Private Client

    Rajah & Tann

    Zac Lucas

    Founder, Head of Legal

    Centenal

    Laurence Lancaster

    Barrister-at-law, Group Head of Tax

    The Sovereign Group

  • 16.40pm

    Forum End

Jan 17

Compliance in Asian Wealth Management Forum 2019

ANDAZ Hotel,Singapore

Speakers

Tan Woon Hum

Shook Lin & Bok

Laurence Lancaster

The Sovereign Group

Adriel Loh

Bank of Singapore

Josh Heiliczer

EY

Sabrina Cheng

BNP Paribas

Jordan Lo

IMTF

Glen Chee

DWF Compliance

Philipp Piaz

Finaport

Noor Quek

NQ International

Daniel P. Levison

Morrison & Foerster

Matthew Maddocks

ORC Professional Services

Conrad Lim

LGT Bank

Anthonia Hui

AL Wealth Partners

Zac Lucas

Centenal

Rolf Haudenschild

Ingenia Consultants

Charmian Aw

Reed Smith

Evelyn Koh

Standard Chartered Bank

Vikna Rajah

Rajah & Tann

Raffael Maio

NetGuardians

Jan 17

Compliance in Asian Wealth Management Forum 2019

ANDAZ Hotel,Singapore

Partners
Jan 17

Compliance in Asian Wealth Management Forum 2019

ANDAZ Hotel,Singapore

Event Highlights

We were delighted to host our annual Compliance in Asian Wealth Management event in Singapore.  Over 400 CEOs, COOs, CIOs, senior management, compliance officers and RMs attended – from a mix of Private Banks, Retail Banks, Insurance Companies, Independent Firms & Family Offices, and IFAs.

Below for your interest and reference are links to various content we captured from the day. Please click on the orange headlines – and do send any comments or feedback to events@hubbis.com.

 

Content Highlights 

Video Highlights
Video Highlights Summary PDF
Video Insights
Testimonials
I Love Compliance
Photos
Event summary
Panel discussions
Presentations & Workshops
Videos

 

Post-event Report

You might also like to view the full Post-Event Report – which is a consolidated summary, including photos of speakers & delegates, the attendee profiles & some delegate feedback, polling results, and more. 

 

Event Summary 

An industry aware that Regulatory and Compliance concerns are of utmost importance

Hubbis is delighted to have successfully hosted our 7th Compliance in Asian Wealth Management Forum in Singapore. The attendance was outstanding, with more than 400 delegates on the day, representing client-facing professionals and compliance experts from leading private banks operating in Asia, from Independent and External Asset Management firms, from Legal, Trust and Fiduciary firms and from Single- and Multi-Family Offices (MFOs).

 

Video Highlights

At the Forum we interviewed leading industry experts. 
Full Video Highlights
Video Highlights Summary PDF

Video Insights
I love Compliance
Testimonials

VIDEO HIGHLIGHTS individual interviews can be accessed below: 

Adriel Loh, Bank of Singapore
Raffael Maio, NetGuardians
Daniel P. Levison, Morrison & Foerster
Andreas Wenger, IMTF
Conrad Lim, LGT Bank
Rolf Haudenschild, Ingenia Consultants
Zac Lucas, Centenal
Josh Heiliczer, EY
Tan Woon Hum, Shook Lin & Bok
Laurence Lancaster, Sovereign Group
Prof Gunter Dufey, U of Michigan Ross
Noor Quek, NQ International
Vikna Rajah, Rajah & Tann

 

Exclusive Insights ​​​ ​​​

Adriel Loh, Bank of Singapore
What are the opportunities and challenges for the year ahead?

Raffael Maio, NetGuardians
Risk Heat Map 2019 – what goes up, what goes down and why?
What are some of the changes in cyber-crime that we are likely to see in 2019?

Daniel P. Levison, Morrison & Foerster
The importance of “appropriate” retention of company data
Where should compliance teams focus their efforts and available resources in 2019?

Andreas Wenger, IMTF
Where should we focus attention in terms of digitisation of compliance functions this year?

Philipp Piaz, Finaport
How best to meet the challenge of finding the appropriate skillset in a millennial world?

Conrad Lim, LGT Bank
How can compliance become more effective and even cheaper?

Rolf Haudenschild, Ingenia Consultants
What are the current compliance challenges for IAMs in the year ahead?
What do the recent regulatory changes in Singapore mean for locally based IAMs?

Zac Lucas, Centenal
CRS and AEOI, MDR and beneficial ownership registers. What can we expect to be targeted next?
FATCA – Where are we on enforcement of compliance breaches?

Josh Heiliczer, EY
Unexplained Wealth Orders - Are we likely to see Asian jurisdictions follow the new UK regime?

Tan Woon Hum, Shook Lin & Bok
What more can be done to educate clients about the potential impact on them of tax transparency?
Mandatory disclosure of tax avoidance schemes to fight against “base erosion and profit sharing”

Laurence Lancaster, Sovereign Group
How to best obtain cooperation from clients to meet tax compliance standards?
Prosecution of ‘enablers’ of tax evasion

Prof Gunter Dufey, U of Michigan Ross
What more can be done to educate clients about the potential impact on them of tax transparency?

Vikna Rajah, Rajah & Tann
From the tax perspective, what are some of the challenges that Wealth Managers must consider in 2019?
What are the consequences for Wealth Advisors if they don’t take the new tax guidelines and reporting seriously?

 

Panel Discussions 

We held 6 interactive panel discussions throughout the day – which involved 27 senior industry practitioners who we invited to participate and share their thoughts. We have also incorporated into the summaries below the briefing notes which speakers sent to us in advance of the event. Plus, we have included the results of audience polling as well as questions we received from delegates. Click on each headline to view the PDFs.

 

Hot Topics & Key Trends in Compliance for 2019
The compliance and regulatory pressures on wealth management institutions continue to grow apace and institutions must take a holistic, all-inclusive approach to both solutions enabled by both human skills as well as technological advances. But amidst the global drive for regulatory rectitude, authorities in Asia are urged not to lose sight of the region’s key strengths of wealth creation and economic dynamism.

Panel Members

Adriel Loh, Managing Director, Global Head of Compliance, Bank of Singapore
Josh Heiliczer, Partner, Advisory Services, EY
Conrad Lim, Managing Director & Deputy Chief Executive Officer, Senior Regulatory Counsel Asia, LGT Bank

 

The Evolving Compliance Landscape for Independent Asset Managers
Panellists assembled at the Compliance Asian Wealth Management Forum in Singapore to share their opinions on the evolving compliance landscape for Independent Asset Managers (IAMs). While ever-increasing regulation is certainly proving to be a challenge, the more successful IAMs are ensuring they are ahead of the game by continually recalibrating and adapting.

Panel members

Anthonia Hui, Chief Executive Officer, , AL Wealth Partners
Noor Quek, Founder, Chief Executive Director, NQ International
Rolf Haudenschild, Co-Founder, Head of Regulatory & Risk Services, Ingenia Consultants
Philipp Piaz, Partner, Finaport

 

Cross-Border Business The Opportunities and the Potential Pitfalls
A panel comprising compliance experts from banks, lawyers and a risk consultant was the perfect mix for an insightful look at the pluses and minuses of cross-border business in the wealth management space. The discussion was especially pertinent with Hong Kong and Singapore both vying so energetically for pre-eminence as wealth centres in the region, and with dynamic private wealth accumulation across so many countries of Asia.

Panel members

Evelyn Koh, Head, Network Compliance, Wealth Management, Standard Chartered Bank
Sabrina Cheng, Head of Wealth Management Compliance, Singapore, BNP Paribas
Woon Hum Tan, Partner, Head of Trust, Asset & Wealth Management Practice, Shook Lin & Bok
Matthew Maddocks, Independent Risk Consultant, ORC Professional Services
Daniel P. Levison, Partner, Morrison & Foerster

 

Tax Compliance in the Transparent New World We Now Inhabit
A small panel of legal experts reflected on the immense compliance challenges facing Asia’s wealth management industry. After the rollout of new regulations such as FATCA, CRS, AEIO and other rules and directives in recent years, the panel looked at the practical impact so far and looked forward, perhaps with some further trepidation, to the next phase of regulatory forays as authorities extend their sights to alternative assets and to uncovering literally any form of irregularity they can possibly find. In this brave new world, prudence and caution must be the new watchwords.

Panel members

Vikna Rajah, Partner, Head of Tax, Trust & Private Client, Rajah & Tann Singapore LLP
Zac Lucas, Founder, Head of Legal, Centenal
Laurence Lancaster, Barrister-at-law, Group Head of Tax, Sovereign Group

 

Presentations 

Below are summaries of the Presentations and Wealth TALKS delivered at the event. These were 10-minute slots hosted either by senior industry practitioners who we invited to speak (Wealth TALKS), or by some of our event partners (Presentations). Also listed with each summary are links to the presentation slides (where these are made available by speakers). Click on each headline to view the web versions of these – from which you can also access the 1-page PDFs.

Watch Out: Singapore's New Regulatory Regime for Precious Stones and Metals
Singapore regulators are determined to leave no stone unturned in their quest to instil a robust anti-money laundering (AML) regime in the country. The Ministry of Law announced on 17 July 2018 that it would be introducing a new AML and countering the financing of terrorism (CFT) regulatory regime for precious stones and metals dealers (PSMDs). Glen Chee, Director at DWF Compliance (Singapore), told the audience at the Hubbis Compliance in Asian Wealth Management Forum in Singapore what will happen and what steps the PSMDs must take.
View Slides

Data Protection and Privacy Key Trends & Developments Affecting Asia
Charmian Aw, Counsel at law firm Reed Smith, deduces that the proposed changes to India’s data protection legislation will have a significant impact on the broader universe of data privacy and compliance for the rest of Asia. She told the audience at the Hubbis Compliance in Asian Wealth Management Forum in Singapore that as so many Asian economies are focussing heavily on the digital economy, more comprehensive and stringent data privacy legislation is inevitable.
View Slides

Next Generation Identity Matching: How to Reduce Regulatory and Operational Risk
Jordan Lo, Senior Project Manager at Swiss RegTech leader IMTF, is passionate about identity matching. He knows that the crux of dealing with many regulatory challenges is identity matching, which if properly thought through and executed, can eliminate a considerable amount of inherent regulatory and operational risks. He addressed the audience at the Hubbis Compliance in Asian Wealth Management Forum to explain IMTF’s state-of-the-art solutions, and more specifically IMTF’s cutting edge identity matching technology
View Slides

Artificial Intelligence & its Role in Compliance How the Machine Can do Better
Raffael Maio, Managing Director APAC and Cofounder of Swiss fintech NetGuardians, believes that the machine can do better. What he means by that is that AI can augment and improve on the current protocols generally employed by banks to root out non-compliant transactions and clients. He expounded on his theories at the Hubbis Compliance in Asian Wealth Management Forum in Singapore.
View Slides

Financial Services and Products: The Key Regulatory and Compliance Challenges
Rolf Haudenschild, Head of Regulatory and Risk Services for Ingenia, an independent support service provider based in Singapore, is an expert in the regulatory and compliance issues facing wealth management. Hot topics include how digitalisation requires its own tailored regulation as well as the challenges of regulatory hurdles when it comes to the cross-border promotion and sale of financial services and products. Haudenschild advises a thorough understanding of the prevailing regulatory demands. 

Data Retention: Evolving Best Practices in a World of Data Proliferation
Daniel P. Levison, Partner at law firm Morrison & Foerster in Singapore, is an expert in compliance issues concerning electronic discovery, including data preservation, and is well positioned to discuss the latest concerns and best practices for parties involved in the wealth management sector.  He addressed the audience at the Hubbis Compliance in Asian Wealth Management Forum to explain the most recent regulatory expectations and to demystify some of the increasingly complex rules of engagement.
View Slides

The Challenges to Achieve Transparency in 2019
Zac Lucas, Founder and Head of Legal at Centenal, presented a workshop covering a broad array of transparency topics, from the latest developments in the EU’s Common Reporting Standard (CRS), the challenges surrounding its implementation, as well as the types of structures that the EU’s new mandatory disclosure rules (MDR) seek to identify and eradicate and the impact on compliance operations at wealth management firms.
View Slides

 

 

Jan 17

Compliance in Asian Wealth Management Forum 2019

ANDAZ Hotel,Singapore