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2021 produced a bumper year for the profits of the private banks and other wealth management leaders, as mainstream markets performed well, as investors diversified further into private and alternative assets, as more clients were inclined to test out advisory and DPM, and as robust wealth estate and legacy planning became more of a pressing need due to worries over the pandemic. Business today in the wealth management industry in Asia remains robust, although the financial environment is less certain than it was, and geopolitical concerns are more heightened.

But ask any COO at the private banks or the bigger independent wealth firms and they will tell you that they are continuously aiming to hone their efficiencies and enhance their internal capabilities at the same time as elevating their offerings for clients. And one of the key challenges every bank and wealth manager faces is around compliance and how, if not addressed properly, this can negatively impact business processes and even team morale.

On Thursday May 26th, Hubbis will assemble a panel of COOs and decision-makers to discuss how they are positioning their banks, their firms, their technologies, their talent, and their teams to seize the opportunities ahead and overcome the inevitable challenges ahead.

Digitisation has advanced further and faster than many might have anticipated, but there is still much further to go on those particular journeys as the banks and other firms position themselves for the future and younger generations of clients and strive to enhance their client centricity and the usability of their offerings. As technology revolutionises the offerings and efficiencies of private wealth managers and the broad wealth management community across the region, these COOs and other key decision-makers in the wealth industry are focusing intently on the right strategies and processes to achieve efficiencies, scale and to fight back against tough competition, including the new wave of Fintech and other new entrants chipping away at corners of the market. And a key area of for all these decision-makers is the ongoing and ever-intensifying struggle to address compliance.

Talent is of course a key priority, not only hiring the best people available but retaining and training them. The talent upgrade is taking place across the board, from the back-office to help improve efficiencies and responsiveness through to the client-facing RMs and advisors who need to become more client-centric, offer more relevant ideas, and be more responsive. This is especially important as clients seek a more holistic wealth management proposition and as key players seek to elevate their business models well beyond the transactional wealth management models.

May 26

Wealth in Asia – the Drive to Improve Business Processes, Ef...

3.00pm - 4.00pm HKT/SGT

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Senior figures in Asian Wealth Management are speaking at this event

Alan Blanchard

Apiax

Alex Sim

UOB Private Bank

Helen Kan

China CITIC Bank International

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Event Agenda
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  • 15.00pm

    Wealth in Asia – the Drive to Improve Business Processes, Efficiencies and Compliance

    • What are the biggest opportunities for you?
    • To grasp these opportunities, what are the key organisational and strategic challenges the wealth industry faces?
    • How do you balance the need to offer clients seamless self-serve capabilities as well as offering more elevated advisory and DPM propositions?
    • What digital technologies and services are you focusing on to further enhance your client offering and at the same time boost internal efficiencies?
    • What are some of the key challenges and hurdles to overcome around compliance, and where within your bank/firm are your key compliance pain points?
    • Can embedded compliance boost business and make processes more efficient by overcoming regulatory challenges, reducing costs and mitigating risks?
    • Is enough being achieved in the field of CLM/CRM to deliver personalisation, relevance, suitability and thereby achieve a greater ‘share of wallet’ from the clients?
    • How do you manage internal decision-making and then integration to ensure that new processes and digital solutions are the right ones and well understood and adopted internally?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Alan Blanchard

    Head of Business Development

    Apiax

    Helen Kan

    Executive Director, Deputy Chief Executive Officer and Head of Personal & Business Banking Group

    China CITIC Bank International

    Alex Sim

    Managing Director, Chief Operating Officer

    UOB Private Bank

  • 16.00pm

    Webinar Ends

May 26

Wealth in Asia – the Drive to Improve Business Processes, Ef...

3.00pm - 4.00pm HKT/SGT

REGISTER
Speakers

Alan Blanchard

Apiax

Alex Sim

UOB Private Bank

Helen Kan

China CITIC Bank International

May 26

Wealth in Asia – the Drive to Improve Business Processes, Ef...

3.00pm - 4.00pm HKT/SGT

REGISTER
Partners
May 26

Wealth in Asia – the Drive to Improve Business Processes, Ef...

3.00pm - 4.00pm HKT/SGT

REGISTER