SINGAPORE, Oct. 16, 2014 /PRNewswire/ -- The second annual ASEAN Wealth Management Summit, to be held on 18 November at the InterContinental Hotel in Singapore, will bring together policy makers, regulators, and C-level representatives from private banks, asset managers and family offices -- as well as product manufacturers, technology leaders and consultants -- to discuss what the future holds for the region's emerging affluent population and the pressing need for services that will help individuals preserve and increase their wealth.
The Summit, titled "The Rise of South East Asia's Affluent", is organised by Labuan International Business and Financial Centre (Labuan IBFC), in association with the Financial Times. This one-day event, co-chaired by Yuri Bender, Editor-in-chief of Professional Wealth Management, as well as Jeremy Grant, Asia Regional Corporate Correspondent, Financial Times, will feature keynote speeches and panel discussions on a variety of relevant and topical issues.
Now in its second year, the Summit will explore what it takes to be profitable in the wealth management industry, how ASEAN countries are developing as wealth management centres, what regional financial integration will mean for them and what offshore financial centres can offer clients in Asia.
Speakers at the Summit will include:
Labuan IBFC's Chief Executive Officer, Saiful Bahari Baharom said countries like Malaysia and Singapore have the infrastructure and expertise to develop a strong competitive value proposition in both conventional and Shariah-compliant wealth management.
"The wealth management value chain is long, starting with the acquisition of assets, advisory and management services, in addition to legal and tax advice; to trust and custodial services; and right at the end, distribution of assets. Each of these parts contributes to a specific value-added competency that we must strive to enhance to help service the regional wealth management industry. It is for this reason that Labuan IBFC, which already offers a range of legal entities for the purpose of wealth management, will be jointly hosting the ASEAN Wealth Management Summit 2014 for the second year running," Mr Baharom added.
The FT's Yuri Bender, Editor-in-chief of Professional Wealth Management, commented, "I am very much looking forward to taking part in the Summit. As the talk about greater integration between countries in the ASEAN single market intensifies, it will be fascinating to see how this story unfolds in terms of distribution of financial products across borders. Which types of structures and underlying investments -- such as Shariah products or absolute return funds -- will become the most popular across a region looking to standardise regulations and how will the strategies be communicated by private banks, family offices and other distributors in the digital era? It will also be interesting to see which financial centres are now in the ascendancy as Hong Kong, Shanghai and Singapore battle for supremacy together with a handful of more regional, specialised cities."
Maybank Private Wealth is the gold sponsor of the Summit.
This Summit is open to media. Please register on the Summit website -- http://www.ft-live.com/labuanibfc. Updates on the programme and full details of speakers are also available at this link. For more information, email us at pressteam@libfc.com .
For further information, please contact:
Financial Times
Gemma Terry
Senior Communications Manager
T: +852 2905 5519
E: gemma.terry@ft.com
Labuan IBFC
Shamillia S Unsworth
Director, Communications
T: +603 2773 8977
E: shamillia@libfc.com / pressteam@libfc.com
About the Financial Times:
The Financial Times, one of the world's leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 677,000 across (Deloitte assured, Q2 2014). Mobile is an increasingly important channel for the FT, driving almost half of total traffic and 20% of digital subscriptions. FT education products now serve two-thirds of the world's top 50 business schools.
About Labuan International Business and Financial Centre (Labuan IBFC):
Labuan International Business and Financial Centre (Labuan IBFC) presents a comprehensive midshore solution striking the ideal balance between client confidentiality and compliance with international best standards. Its business-friendly environment, anchored by a simple and attractive tax system, is well-supported by a robust, modern and internationally-recognised legal framework enforced by its regulator, Labuan Financial Services Authority (Labuan FSA).
Labuan IBFC boasts Asia's widest range of business and investment structures facilitating cross-border transactions, business dealings and wealth management needs. These unique qualities offer sound options for regional businesses going global or global businesses looking at penetrating Asia's burgeoning markets.
Strategically located in the heart of Asia Pacific, Labuan IBFC is well positioned to tap into one of the fastest growing regions in the world, presenting the perfect opportunity for businesses seeking to connect with Asia's economies and beyond.
