Philippines Wealth Management Forum...
Transcript of Philippines Wealth Management Forum...
Philippines Wealth Management Forum 201916 May I Manila
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Summary
Hubbis is delighted to have hosted our 5th annual event in the Philippines for the private wealth management community. The Forum was a big success with numerous senior wealth management practitioners in attendance hearing from more than 30 local and international experts. The discussions and presentations combined to create a coherent, structured guide to the current state of wealth management in the Philippines and provided a detailed map for its evolution.
The delegates learned of how the wealth management industry is adapting as the onshore proposition expands and as more international private banks and other players enter the local market. Today, the Philippines wealth management industry is still in its relative infancy, but it is enjoying rapid growth as the nation's GDP expansion continues apace and as high net worth (HNW) wealth surges and mass-affluence numbers proliferate.
The wealth management business in the Philippines therefore offers immense opportunity, but much more must be achieved before the country can emulate the more advanced models seen in other ASEAN countries such as Malaysia or Thailand. Hubbis brought together a group of experts who are at the pinnacle of the banking, private banking and wealth management community in Manila and much was learned about how the industry should evolve in the decade ahead.
The event was packed with 11 presentations, four panel discussions and four highly detailed workshops, as well as some insightful opening and closing remarks.
POST EVENT REPORT - PHILIPPINES WEALTH MANAGEMENT FORUM 2019
Attendee Profile
Private Banks23%
22%
21%
17%
3%
4%
10%
Retail Banks
Independent Firms
Technology
Asset management
Professional services
Other
Job role
C - Level
Product/ Investment
Business Head
Adviser/ Wealth Manager
Other
25%
22%
18%
14%
21%
SALES1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Amanah Islamic BankAsia United BankAsiaciti TrustATR Asset ManagementBank of SingaporeBank of the Philippine IslandsBDO Private BankBDO UnibankBordier & CieBPI Asset Management & TrustCarret Private CapitalCasamont CyprusChina Access Wealth ManagementChina Banking CorporationCredit Suisse Private BankingCTBC BankDBS Private BankingEastWest BankEbix Cash Financial TechnologiesERI Banking SoftwareEYFinaportFirst Metro Asset Management
Attendees from these firms
First Metro Investment CorporationGAMGFM Asset ManagementHawksfordHenley & PartnersHSBC BankIMTFInfosys FinacleInsular LifeJ. Rotbart & Co.K2 LeadersKnowledgeLinks Wealth SolutionsLandbank of the PhilippinesLeonteq SecuritiesLombard OdierMalca AmitManulifeMaria Victoria Rotor-Hilado Law OfficeMaybank Kim EngMercerMFEX Mutual Funds Exchange ABMP Law
MSCIMyntOdyssey Capital GroupOrbiumPhilam Asset ManagementPhilippine Bank of CommunicationsPhilippine Business BankPhilippines Veterans BankPru Life UK Asset Management & TrustRCBCRGNSecurity BankSeedIn TechnologySovereign GroupSun Life Asset ManagementSun Life FinancialSwissquoteTurnkey Real Estate InvestmentsUnionBank of the PhilippinesUnited Coconut Planters BankZEDRA
POST EVENT REPORT - PHILIPPINES WEALTH MANAGEMENT FORUM 2019
Speakers
Scott Moore, IMCM Henley & Partners
Malik S. SarwarK2 Leaders
Christian Senn Credit Suisse Private Banking
Edison Tsai SeedIn Technology
Philipp Piaz Finaport
Michael Ferrer ATR Asset Management
Albert S. Yeo BDO Private Bank
Abhra RoyInfosys Finacle
Angel L. Pacis KnowledgeLinks Wealth Solutions
Simon Wong ERI Banking Software
Evrard Bordier Bordier & Cie
Valerie Pama Sun Life Asset Management
Damian Hitchen Swissquote
Robin Heng Bank of Singapore
Anthony Thomas Mynt
Maria Paz A. Garcia BPI Asset Management & Trust
Conrad LimLGT Bank
Sebastien Hayoz Asiaciti Trust
Ivan Pelle RGN
Irene Lee Hawksford
Stella Cabalatungan BDO Private Bank
Adeline Tan Mercer
Roberto Vergara Philippine Veterans Bank
Rob Mumford GAM
Michael Gerard D. Enriquez Sun Life Financial
Ioannis Ioannikiou Casamont Cyprus
Dr. Robert Ramos EastWest Bank
David VarleySun Life Financial
Andreas WengerIMTF
Joshua RotbartJ. Rotbart & Co.
David MacDonaldHubbis
Sachin GawadeEbixCash Financial Technology
POST EVENT REPORT - PHILIPPINES WEALTH MANAGEMENT FORUM 2019
Key voting poll results The Hubbis Philippines Wealth Management Forum 2019 event in Manila on May 16th provided fascinating and thought-provoking discussions and talks for the assembled delegates. As usual we also polled the attendees and mined out the following nuggets.
60% of the audience agree that private bankers are NOT overpaid
70 of the audience believe there is a significant shortage of talent in Philippines wealth management
Three quarters of attendees agree that the industry acts in a more ethical way today than it did ten years ago
The entire audience agree that in ten years’ time, there will still be bank branches in the Philippines
90% of our attendees believe the regulator should force banks and wealth managers to disclose ALL fees to clients?
Philippines Wealth Management Forum 2020
Thursday 7th May, 2020