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GTS Client Advisory Board For Investment Managers in Asia Pacific
23 March, 2012 | 50/F, Boardroom, Citibank Tower, Citibank Plaza, Hong Kong
Welcome
Welcome!Congratulations on being part of a distinguished group of senior executives from some of the world’s leading investment management firms as a member of Citi’s Global Transaction Services (GTS) Client Advisory Board for Investment Managers in Asia Pacific. It gives me great pleasure to welcome you and to thank you for your participation.
Citi’s GTS Client Advisory Board meeting was introduced to Asia Pacific clients in 2011. Following the success of the inaugural meeting, 2012 continues to bring together our most valued strategic clients with Citi’s innovation experts and business seniors in an interactive and engaging forum.
We hope this year’s meeting will offer more thought-provoking roundtable discussions on the ever-changing market trends and opportunities, as well as industry developments and insights from Citi’s executive management team and informational briefings by industry experts in an informal setting. As an exclusive member of our Client Advisory Board, we aim to offer you a platform to meet and interact with a community of peers who share similar concerns, interests and challenges in open conversations.
My team looks forward to engaging you in a dialogue to discuss how we can decipher trends, address challenges, grasp opportunities and achieve success together in this evolving financial landscape. Most importantly, we want to hear your candid feedback – the advice, insights and guidance only you can provide.
Please enjoy this event – we appreciate your time and valuable contribution. We also hope you will find the opportunity to engage and exchange ideas and experiences with your peers and Citi’s representatives insightful and rewarding.
David Russell
Regional Head, Asia Pacific Securities and Fund Services Global Transaction Services, Citi
Table of ContentsAgenda ………………………………………………………………………………………………………………………………………………………………………………………. 1
Board Member Biographies ……………………………………………………………………………………………………………………………………….. 2
Speakers……………………………………………………………………………………………………………………………………………………………………………….… 1 1
Agenda
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Friday 23 March 2012
12:45 – 14:00 Registration and Lunch
Featured Speaker: Christina Choi, Director, Investment Products Department, Hong Kong Securities and Futures Commission
14:15 – 14:30 Welcome to 2012 Client Advisory Board and Follow-Ups from 2011 Meeting
David Russell, Regional Head, Asia Pacific, Securities and Fund Services, Global Transaction Services, Citi
14:30 – 15:30 Open Dialogue: Citi Distribution Roundtable •HowdoesCitiapproachitsrelationshipswithfundhouses? •Fundsandfundhouseselection •DifferencesbetweentheConsumerandPrivateBank •OpportunitiesfornewfundcompaniesarrivinginAsia
Paul Hodes, Head of Tradtional Managed Investment Products and Consumer Bank Wealth Management, Asia Pacific, Citibank, N.A. Roger Bacon, Head of Managed Investments and Advisory, Asia Pacific, Citi Private Bank Stewart Aldcroft, Senior Advisor, Investor Services, Asia Pacific, Securities and Fund Services, Global Transaction Services, Citi (Moderator)
15:30–15:45 CoffeeBreak
15:45 – 16:30 China Insight •Citi’sgrowthstrategyforChina •Experiencesinmanagingregulatoryandlicensingissues
Andrew Au, Chief Executive Officer, Citi China Cheeping Yap, Head of Fund Services, Asia, Securities and Fund Services, Global Transaction Services, Citi (Moderator)
16:30 – 17:30 Advisory Council: Citi’s Securities and Fund Services Business Priorities •OverviewandfeedbackonCiti’supcomingproductinnovationsand2012strategicinitiativesin
theSecuritiesandFundServicesarea •Discussiononhowfuturetrendscouldinfluencethedevelopmentofservicestoenablefund
housestoachievesustainablecompetitivenessinthemarketplace
David Russell, Regional Head, Asia Pacific, Securities and Fund Services, Global Transaction Services , Citi
17:30onwards CocktailsandTransfertoHongKongStadiumfortheSevens
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Board Member BiographiesALLIANZGLOBALINVESTORSASIAPACIFICDouglas EuChiefExecutiveOfficer
BANKCONSORTIUMTRUSTCO.LTD.BCTFINANCIALLIMITEDKa Shi LauManagingDirectorChiefExecutiveOfficer
BLACKROCKNick Good ManagingDirector,BlackRockHeadofAsiaPacific,iShares
EASTSPRINGINVESTMENTSGraham MasonChiefExecutiveOfficer
FIDELITYWORLDWIDEINVESTMENTArne LindmanChiefExecutiveOfficer,AsiaPacific
FIRSTSTATEINVESTMENTSMichael StapletonRegionalManagingDirector,AsiaandJapan
FRANKLINTEMPLETONINVESTMENTSHONGKONGDavid ChangRegionalHead,GreaterChina
GOLDMANSACHSASSETMANAGEMENTOliver BolithoHeadofAsiaPacific
HARVESTGLOBALINVESTMENTSLIMITEDPeng-Wah ChoyViceChairmanBoardofDirectorsChiefExecutiveOfficer
INVESCOASIAPACIFIC Andrew LoSeniorManagingDirectorChiefExecutiveOfficer
MIRAEASSETGLOBALINVESTMENTS(HONGKONG)Woong Park, CFAChiefExecutiveOfficer
NIKKOASSETMANAGEMENTGROUPBlair PickerellHeadofAsiaGlobalChiefMarketingOfficer
PINEBRIDGEINVESTMENTSRajeev MittalManagingDirector,ChiefExecutiveOfficer,(Asiaex-Japan)HeadofEmergingMarketsandInternationalFixedIncome
SCHRODERINVESTMENTMANAGEMENT(HONGKONG)Lieven DebruyneChiefExecutiveOfficer,HongKongRegionalHeadofIntermediaryBusiness,Asia
Chris Ryan
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DouglasEujoinedAllianzGlobalInvestorsin2006andisresponsibleforthebusinessinAsiaPacific.HeisalsoamemberoftheAllianzGlobalInvestorsExecutiveCommittee.DouglasjoinedAllianzGlobalInvestorsfromJFAssetManagement,wherehespentatotalof19years.
StartingoutasaHongKongequityanalyst,Douglaswasappointedinvestmentmanagerin1991,initiallyfocusingonIndonesianequitiesbeforebecomingthemarketspecialistforGreaterChinain1992.
In1997,hemovedintobusinessmanagementwithresponsibilityforsomeregionalAsianbusinesses.
PriortojoiningAllianzGlobalInvestors,DouglaswasChiefExecutiveofJFFundsLimited,afundsmanagementsubsidiaryofJFAssetManagement.DouglaspossessesanA.B.inEconomicsfromVassarCollege,NewYork,andanM.Sc.inBusinessStudiesfromLondonBusinessSchool.HewasappointedmemberoftheAdvisoryCommitteeoftheSecuritiesandFuturesCommission(SFC)inJune2007.
KaShiLauisManagingDirectorandCEOofBCT,amajorproviderofretirementplansandpension/fundservices,andaleadingthirdpartytrustee/administratortopensionplansandglobalinvestmentfundsinHongKong.GraduatedfromCornellUniversity,USA,withanMBA,KaShipossessesextensivebankingandfinanceexperienceinbothHongKongandNewYorkCityininvestmentbanking;projectfinance;globalinvestment,trustandcustodyservices;riskmanagementandcompliance;bankingandsecuritiesoperations.
ApartfromhercurrentroleasChairmanoftheHongKongTrustees’Association,sheservesonstatutory/advisoryandprofessionalbodiesincludingtheMandatoryProvidentFundSchemesAuthority,SecuritiesandFuturesCommission,HospitalAuthority,MinimumWageCommission,HongKongRetirementSchemesAssociation,HongKongInstituteofDirector(HKIoD)andtheEducationBureau.SheisalsoanInvestmentPromotionAmbassadorofInvestHK.
ThefirstwomantoreceiveaDirectoroftheYearAwardinthe“PrivateCompanies,ExecutiveDirector”categoryfromtheHKIoD,KaShiwasnamed“ProfessionaloftheYear”intheWomenofInfluenceAwards2010jointlyorganizedbytheAmericanChamberofCommerceinHongKongandSouth China Morning Post.
Allianz Global Investors Asia Pacific
Douglas EuChiefExecutiveOfficer
Bank Consortium Trust Co. Ltd. / BCT Financial Limited
Ka Shi LauManagingDirectorChiefExecutiveOfficer
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NickGood,ManagingDirectorofBlackRock,isHeadofiShares,AsiaPacific.NickisresponsiblefortheiSharesbusinessacrossAsia,includingofficesinJapan,Australia,HongKongandSingaporeandbusinessfunctionscoveringsales,marketing,capitalmarkets,productdevelopment,businessstrategyandbusinessoperations.HeisamemberoftheAsiaPacificExecutiveCommitteeandamemberoftheGlobaliSharesExecutiveCommittee.
Nick’sservicewiththefirmdatesbackto2006,includinghisyearswithBarclaysGlobalInvestors(BGI),whichmergedwithBlackRockin2009.AtBGI,NickwasCEOofiShares,AsiaPacific.Priortotakingthisrole,NickwasManagingDirector,StrategyandPlanningforiSharesandtheinstitutionalandmarketsgroupglobally.
BeforejoiningBGI,NickwasaleadclientmanagerattheBostonConsultingGroupbasedinSanFrancisco,whereheconsultedtoclientsinFinancialServicesandarangeofotherindustriesglobally.NickisagraduateofOxfordUniversity,wherehestudiedbiochemistry.
GrahamMasonisChiefExecutiveOfficerofEastspringInvestments,theassetmanagementbusinessofPrudentialCorporationAsia.Hechairsthecompany’sExecutiveCommitteeandisalsoamemberofPrudentialCorporationAsia’sBoardofDirectors.HeisresponsibleforoverseeinganddrivinggrowthacrossEastspringInvestments’tenmarketsinAsia.ThisincludesjointventurebusinesseswithmajorpartnersinChina,IndiaandHongKong.
Heoverseesthemanagementofabout$80billioninassetsundermanagement(asat30September2011)forretailandinstitutionalinvestors.
Grahamisanindustryveteranwithalonganddistinguishedtrackrecordininternationalinvestmentmanagement.Hehasover25yearsofassetmanagementexperience,20ofwhichhavebeenwithPrudentialplc’sassetmanagementbusinesses–M&G,PrudentialAssetManagementandEastspringInvestments–innumerousmarkets.
BlackRock
Nick GoodManagingDirector,BlackRockHeadofAsiaPacific,iShares
Eastspring Investments
Graham MasonChiefExecutiveOfficer
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ArneLindmanjoinedFidelityWorldwideInvestmentinApril2010asCEO,AsiaPacific,locatedinHongKong.HereportstothePresidentofFinancialServices,ThomasBalk.ArneisamemberoftheGlobalOperatingCommittee(GOC)andChairmanoftheAsiaOperatingCommittee(AOC).
AsCEOoftheregion,heisresponsiblefor1,000employeeslocatedinAustralia,HongKong,India,Japan,Korea,Singapore,TaiwanandChina.
PriortojoiningFidelityWorldwideInvestment,ArnewasatPrudential(UK)wherehewasChiefExecutiveoftheirAsiafundsmanagementbusiness.Inthisrole,hewasresponsibleforassetmanagementoperationsacross10countriesincludingJapan,China,IndiaandseveralmarketsinSouth-EastAsiaandtheMiddleEast,representingUS$74billionassetsundermanagement.
PriortohisroleatPrudential,hewasCEOAsiaPacificatABNAMROAssetManagementwithresponsibilityfortheiroperationsacross10countriesintheregion.BeforecomingtoAsia,ArnewastheCEOofAlfredBergAssetManagement,awhollyownedsubsidiaryofABNAMROwhereheheldarangeofpositionsincludingportfoliomanagerandChiefInvestmentOfficerofInternationalEquities.
Arnehasover20yearsexperienceintheassetmanagementsector,includingsixyearsasaportfoliomanager,andhasworkedinEurope,London,NewYorkandacrossAsiasince2004.
MichaelStapletonistheRegionalManagingDirector,AsiaandJapanforFirstStateInvestments(‘FSI’).
Inhisrole,MichaeloverseesthebusinessdevelopmentfortheAsiaandJapanoperationsincludingtheday-to-dayoperationsofthefunctionalunits.
Michaelhasbeenwiththeglobalbusinessforover14yearsandhasworkedintheinstitutionalbusinessinAustraliaandpreviouslyheldthepositionofHeadofBusinessDevelopmentintheUK.
PriortojoiningFSIin1998,MichaelcommencedhiscareeratJPMorganInvestmentsinAustraliaasamemberoftheInstitutionalBusinessTeam.
MichaelholdsaBachelorofEconomicsfromMonashUniversityinMelbourneandisaCFAcharterholder.
Fidelity Worldwide Investment
Arne LindmanChiefExecutiveOfficer,AsiaPacific
First State Investments
Michael StapletonRegionalManagingDirector, AsiaandJapan
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DavidChangjoinedFranklinTempletonInvestmentsasdirectorofInstitutionalMarketinginJuly2000,coveringtheAsiaregion.SubsequenttoFranklinTempleton’sacquisitionofFiduciaryTrust,DavidworkedcloselywiththeexpandedteambuildinguptheinstitutionalbusinessinAsia.
In2002,DavidwasappointedasheadofSalesandMarketingHongKongwithresponsibilityforoverseeingFranklinTempleton’sretailbusiness.In2004,David’sroleexpandedtoalsocoverFranklinTempleton’sTaiwanbusiness.DavidwaspromotedtocountryheadofHongKonginApril2005andseniordirectorinOctober2006.In2007,hehastakenuptheroleofregionalhead(GreaterChina).HeisadirectorofFranklinTempletonInvestments(Asia)Limited,FranklinTempletonSealandFundManagementCoLtd(ShanghaiJV)andwasanexecutivecommitteememberoftheHongKongInvestmentsAssociation.
PriortojoiningFranklinTempleton,DavidhadroleswithDeutscheBankandHSBCasavicepresidentinHongKongandtheANZBankinSydney.
Davidholdsabachelor’sdegreeinfinancefromGeorgetownUniversityandamasterdegreeineducationfromtheOpenUniversityHongKong.HealsovolunteersasasupervisorataschoolformentallychallengedinHongKongandservesasamentorattheHongKongUniversityofScienceandTechnology.
OliverBolithoisheadofGoldmanSachsAssetManagement(GSAM)inAsiaPacificandisamemberoftheAsiaPacificManagementCommittee.From2007to2009,hewasresponsiblefortheGSAMbusinessinAsiaPacificex-Japan.PriortomovingtoAsia,OliverwasheadofGSAM’sUKandIrishbusinessfrom2001to2006.HejoinedGoldmanSachsin1998andwasnamedmanagingdirectorin2003andpartnerin2008.
Priortojoiningthefirm,Oliverwasaco-founderoftheBrandConsultancy,agroupfocusedonimprovingthefinancialefficiencyofmarketing.HebeganhiscareerwithBain&Company,theUSstrategyconsultancy.
OliverservesontheInvestmentBoardoftheMedicalProtectionSociety,amutualinsurerfocusedontheglobalcommunityofmedicalpractitioners,andtheInvestmentCommitteeofComicRelief,acharityfocusedonhealthandwelfareprojectsintheUnitedKingdomandAfrica.
Franklin Templeton Investments Hong Kong
David ChangRegionalHead,GreaterChina
Goldman Sachs Asset Management
Oliver BolithoHeadofAsiaPacific
ChoyPeng-WahistheViceChairman,BoardofDirectorsandChiefExecutiveOfficerofHarvestGlobalInvestmentsLtd.
PriortojoiningHarvestGlobalInvestmentsLtd,Peng-WahwastheDeputyChiefExecutiveOfficerofFullertonFundManagementCompanyLtd.PriortohisroleatFullerton,Peng-WahwasRegionalHead,SalesandDistributionforPrudential’sfundmanagementbusinessinAsiaand,beforethat,for7years,theChiefExecutiveOfficeratDeutscheAssetManagementAsia,ex-Japan,basedinSingapore.Duringhistime,hewasresponsibleforDeutsche’sexpansionintoSouthKorea,IndiaandChina.
Peng-WahstartedhiscareeratCitibankSingaporeasanexecutivetraineeandhasworkedinCitibank’sofficesinNewYorkandHongKonginavarietyofcapacities.
Peng-WahgraduatedfromMcGillUniversityinCanadawithaMastersinBusinessAdministrationin1983.
AndrewLojoinedInvescoAsiaLtd.,asubsidiaryofInvescoLtd,asManagingDirectorin1994andwasappointedChiefExecutiveforAsiain1998.In2001,hebecameCEOfortheAsiaPacificregion,responsibleforInvesco’soperationsinAustralia,GreaterChina(coveringChina,HongKongandTaiwan),SingaporeandJapan.HeisamemberofInvescoLtdExecutiveManagementCommittee.
Between1997and2001,AndrewservedasamemberoftheAdvisoryCommitteetotheSecuritiesandFuturesCommissioninHongKong.HewasalsoapastmemberoftheCounciltotheStockExchangeofHongKongbetween1997and2000,andfrom1996to1997hewastheChairmanoftheHongKongInvestmentFundsAssociation.
AndrewbeganhiscareerwithChaseManhattanBankasacreditanalystandultimatelybecamesecondVicePresidentoftheTradingandSecuritiesGroup.In1988,AndrewjoinedCiticorpasVicePresidentofthebank’sInvestmentManagementGroup.Between1990andearly1994,hewastheManagingDirectorofCapitalHouseAsia,responsibleforthecompany’soperationsinHongKong.
AndrewhasaBachelorofSciencedegreeinStatisticsandaMasterofBusinessAdministrationdegreefromBabsonCollegeintheU.S.
Harvest Global Investments Limited
Peng-Wah ChoyViceChairmanBoardofDirectorsChiefExecutiveOfficer
Invesco Asia Pacific
Andrew LoSeniorManagingDirectorChiefExecutiveOfficer
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WoongParkhasbeenappointedCEOofMiraeAssetGlobalInvestments(HK)asofJanuary2011.MiraeAssetGlobalInvestments(HK)currentlyactsasthemainmanufacturingcenterforMiraeAsset’sAsiaPacificandChinainvestmentsfunds,withmorethanUSD8billionofassetsundermanagement(asofend2010).
InadditiontohisroleasCEO,WoongalsooverseesallmarketingoperationsacrosstheAsiaPacificandEMEAregion,whichincludesMiraeAsset’sLuxembourg-domiciledSICAVfundsthatwerelaunchedin2008.
Sincejoiningthefirmin2010asInternationalCMO,Woongsuccessfullyguidedthecompanytobeingselectedastheexternalmanager(advisor)foroverseasequityatsomeofKorea’slargestinstitutionalinvestorsincludingKoreaPostandKIC,Korea’ssovereignwealthfund.Underhisleadership,MiraeAssetalsosuccessfullycollaboratedwithDaiwaAssetManagementofJapantolaunchJapan’slargestemergingmarketsequitysingle-countryfundinvestinginKoreaintermsofAUM(Source:DaiwaMiraeAssetKoreanEquityFund,MorningStar,February2011).
PriortojoiningMiraeAssetinFebruaryof2010,Woongenjoyedstintsatmajorinvestmenthousesacrosskeyfinancialcapitalsaroundtheworld,includingNewYork,London,HongKongandSingapore.HewaspreviouslyatWooriInvestmentandSecuritiesasHeadofEquityandHeadofOverseasBusiness,leadingthecompany’sinternationalsalesandoverseasbusinessefforts.BeforeWooriI&S,WoongworkedatMorganStanleySeoulasHeadofResearchandasastrategist.HealsoworkedatMerrillLynchInvestmentManagers(MLIM)asanAsiaPacificportfoliomanagerfromSingaporeandLondon.Additionally,hehasmanagedKoreacountryfundsinbothNewYorkandHongKong.
WoongearnedhisMaster’sdegreeinEconomicsfromYonseiUniversityinKoreaandanMBAfromtheUniversityofNotreDameintheUS.HeisaCFAcharterholder.
Mirae Asset Global Investments (Hong Kong)
Woong Park, CFAChiefExecutiveOfficer
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BlairPickerellisHeadofAsiaandGlobalChiefMarketingOfficerfortheNikkoAssetManagementGroup.BasedinHongKong,BlairisresponsiblefordevelopingandoverseeingNikkoAM’sbusinessesintheAsianregionandforimplementingitsbrandingstrategyworldwide.
BlairfirstbecameinvolvedintheAsianinvestmentmanagementindustry26yearsagoandhasbeenwidelyrecognizedforhispioneeringroleindevelopingtheAsianmutualfundsbusinessduringthattime.PriortojoiningNikkoAMGroup,heservedforthreeyearsasCEO,AsiaforMorganStanleyInvestmentManagement,overseeingMSIM’sinvestmentmanagementofficesinHongKong,Japan,Singapore,China,India,Australia,andKorea.Priortothis,heservedasChiefExecutive,AsiaPacificforHSBCAssetManagementandasChairmanofJardineFlemingUnitTrusts.HealsoservedforfouryearsastheManagingDirectorofJardinePacificLtd.andfortwoyearsasDevelopmentDirectorofMandarinOrientalHotelGroup.
BlairreceivedhisBA(withHonorsandwithDistinction)andMAfromStanfordUniversityandhisMBAfromHarvardBusinessSchool.HeisfluentinMandarinChinese.
RajeevMittal,inhisroleasCEOforAsiaex-Japan,isresponsibleforimplementingPineBridge’sdynamicgrowthstrategyacrosstheAsiaPacificregionwherePineBridgehasalonghistoryofservicingbothinstitutionalandretailclients.PriortotakingonhisexpandedroleinAsiaandrelocatingtoHongKongfromLondonearlyin2011,RajeevwasCEOforPineBridgeInvestmentsinEurope.
RajeevisalsoHeadofEmergingMarketsandInternationalFixedIncome,overseeingallaspectsofportfoliomanagement,researchandtradingofemergingmarketstrategiesinhardandlocalcurrenciesandcreditdefaultswaps.Heisamemberofthefirm’sManagementCommittee,amemberoftheFixedIncomeAssetAllocationTeamandalsorepresentsfixedincomeintheGlobalAssetAllocationCommitteemeetings.
Sincejoiningthefirmin1992,Rajeev’sresponsibilitieshaveincludedportfoliomanagementofsinglecurrencyU.S.Dollar,Sterling,andIrishPuntportfolios,aswellasglobalbondportfolios.HebecameHeadofInternationalFixedIncomeinMarch2009,overseeingGlobalSovereignstrategiesandvariouscountryspecificstrategiesfocusedinAsia.HereceivedaBSc(Hons)inMathematicsandStatisticsfromtheUniversityofBradford.
PineBridge Investments
Rajeev MittalManagingDirector, ChiefExecutiveOfficer,PineBridgeInvestmentsAsiaLimited(Asiaex-Japan)HeadofEmergingMarketsandInternationalFixedIncome
Nikko Asset Management Group
Blair PickerellHeadofAsiaGlobalChiefMarketingOfficer
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LievenDebruyneisChiefExecutiveofSchroderInvestmentManagement(HongKong)andRegionalHeadofIntermediaryBusinessforAsia.
Hestartedhisinvestmentcareerin1993withMeesPiersonCapitalManagementintheUnitedStates.Duringhisseven-yeartenurewithMeesPierson,LievenservedasAsianFundManagerinHongKongandwaslaterpromotedtoChiefInvestmentOfficer;healsoworkedinParisforthesamefirm,whichwasrebrandedasFortisInvestments.HejoinedSchrodersinLondonin2000asHeadofAsianProductandBusinessDevelopmentandrelocatedtoHongKongagainin2005.
LievenholdsaMasterofScienceinEconomicsfromErasmusUniversityinRotterdam,TheNetherlands.HeisanAdjunctProfessor,FacultyofBusinessAdministrationatTheChineseUniversityofHongKong.LievenisalsoamemberoftheFinancialServicesAdvisoryCommitteeofTheHongKongTradeDevelopmentCouncil,theCorporateAdvisoryCouncilofTheHongKongSecuritiesInstituteandtheExecutiveCommitteeofTheHongKongInvestmentFundsAssociation.
ChrisRyanwaspreviouslytheCEOandManagingDirectorforPerpetualLimited,alistedAustralianinvestment,adviceandtrusteebusiness.PriortojoiningPerpetualin2011,ChriswasaSeniorAdvisorandManagingDirectorwithCitibank’sGlobalTransactionServices.
Chris’scareerincludedover30yearsoffinancialservicesexperienceintheAsiaPacificregion.Heledtheregionalassetmanagementbusinessesofthreeoftheindustry’smajorinternationalplayers:HSBC,INGInvestmentManagementandFidelityInternational.WhileservingasCEOofINGInvestmentManagementAsiaPacific,Chriswasresponsibleforthefirm’soperationsin13locationsacrossAsia.ThisincludedINGInvestmentManagementAustralia,withoverUS$30billioninassetsundermanagement.
Chris Ryan
Schroder Investment Management (Hong Kong)
Lieven DebruyneChiefExecutiveOfficer,HongKongRegionalHeadofIntermediaryBusiness,Asia
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SpeakersAndrew AuChiefExecutiveOfficerCitiChina
Cheeping YapHeadofFundServices,AsiaSecuritiesandFundServicesGlobalTransactionServices,Citi
Christina ChoiDirector,InvestmentProductsDepartmentHongKongSecuritiesandFuturesCommission
David RussellRegionalHead,AsiaPacificSecuritiesandFundServicesGlobalTransactionServices,Citi
Dirk JonesGlobalHead,FinancialInstitutionsClientandSalesManagementGlobalTransactionServices,Citi
Harle MossmanRegionalHead,InvestorClientSalesManagement, AsiaPacific,SecuritiesandFundServicesGlobalTransactionServices,Citi
Kamal JanduRegionalHead,ClientExecutiveAsiaPacific,SecuritiesandFundServicesGlobalTransactionServices,Citi
Paul HodesHeadofTraditionalManagedInvestmentProductsandConsumerBankWealthManagementAsiaPacific,Citibank,N.A.
Roger Bacon HeadofManagedInvestmentsandAdvisory AsiaPacific,CitiPrivateBank
Stewart AldcroftSeniorAdvisor,InvestorServices,AsiaPacificSecuritiesandFundServicesGlobalTransactionServices,Citi
AndrewAuisChiefExecutiveOfficerofCitiinthePeople’sRepublicofChina,andisresponsiblefortheperformanceofCiti’sbusinessesinChina.AndrewhasheldhiscurrentpositionsinceMay2008,andisbasedinShanghai.
AndrewwaspreviouslyRegionalHeadofCommercialBanking,CitiAsiaPacific.AppointedtothisroleSeptember2005,Andrewwasresponsibleforthebuild-outofCiti’scommercialbankingbusinessintheregion,includingitssignificantexpansioninChinaandIndiaandentryintotheIndonesianmarket.InApril2007,hismanagementresponsibilitywasfurtherexpandedtoincludethesubsidiariesofallmultinationalcorporationsacrosstheAsiaPacificregion.
AndrewjoinedCitiinHongKongin1984,andsubsequentlyworkedinarangeofareas,includingrelationshipmanagement,securitiesservices,loansyndicationandassetmanagement.In1997,hetransferredtoLondoninaseniorriskmanagementrolethatencompassedCentralandEasternEurope,MiddleEast,AfricaandtheIndianSubcontinent.HewasappointedasSeniorCreditOfficerin1998.In2000AndrewbecametheCorporateBankingHeadforCitiinThailand.In2002,hewasappointedCitiCountryOfficerforNewZealand,basedinAuckland.InAugust2003,hereturnedtoHongKongtobecomeCiti’sRegionalTradeHead,AsiaPacific.
InadditiontohisroleasChiefExecutiveOfficerofCitiChina,AndrewisalsoChairmanofCitibank(China)Co.Ltd.,Citi’slocallyincorporatedbankinChina.
AndrewisanativeofHongKong.HeholdsaB.A.(Hons)fromUniversityofWesternOntarioinCanada.
Cheeping(CP)YapisHeadofFundServices,Asia–whereheisresponsiblefordrivingandmonitoringthefundservicesbusinessofCitiSecuritiesandFundServicesinAsia(ex-Australia).PriortotakinguphisroleastheHeadofFundServicesinAsia,CPwasHeadofSecuritiesandFundServicesHongKong,wherehespearheadedtheefforttobuildarobusttrusteeandfundservicesbusiness,leadingCiti’sexpansionintonewbusinessareas,suchasexchangetradedfunds(ETFs)andCaymanunittrust.
PriortojoiningCitiinDecember2006,CPwasHeadofStrategicPlanningforCorporateandInvestmentBankatDBSBankinHongKong.PriortohistenurewithDBS,heworkedatMcKinsey&Co.onavarietyofconsultingprojectsinChina,TaiwanandKorea.CPstartedhisbankingcareerasaFXswaptraderforStandardCharteredBankinLondonin1996andhassinceworkedwithseveralbankinginstitutionsandprofessionalservicesfirmsinLondon,SouthAfrica,Singapore,MalaysiaandHongKong.
CPhasextensiveexperiencetransformingstate-ownedenterprisesinChina,whereheledtheHongKongIPOoftheChinese-ownedbankinHongKongthroughamergerofthirteenbanks.HesubsequentlyledtheIPOpreparationeffortfortwoothermajorChinesestate-ownedbanksinBeijing,wherehehadtoworkextensivelywithbankingregulatorsandseniorbankingexecutivestoputinplacecorporategovernancestructure,riskmanagementinfrastructureandbusinessstrategy.
CPhasabachelor’sDegreefromtheUniversityofWashingtonandanMBAdegreefromImperialCollege,London.
Cheeping Yap
HeadofFundServices,AsiaSecuritiesandFundServicesGlobalTransactionServices,Citi
Andrew Au
ChiefExecutiveOfficerCitiChina
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ChristinaChoiisDirectoroftheInvestmentProductsDepartmentoftheHongKongSecuritiesandFuturesCommission(SFC).TheDepartmentisresponsiblefortheauthorizationandon-goingregulationofcollectiveinvestmentschemes(unittrusts,mutualfunds,REITs,hedgefunds,exchangetradedfunds,etc.)thatareofferedtotheHongKongpublic.
ChristinaisamemberoftheSFCProductsAdvisoryCommitteeandCommitteeonRealEstateInvestmentTrusts.SheisalsooneoftheSFCseniorrepresentativessittingontheCSRCQDIIproductexpertscommittee.
BeforejoiningtheSFC,ChristinawasaPartneroftheCorporateGroupoftheinternationallawfirmCliffordChance.
DavidRussellisRegionalHeadofCiti’sSecuritiesandFundServicesbusinessinAsiaPacific,withresponsibilityforstrategy,productdevelopmentandmanagementandclientandsalesmanagementforinstitutionalclients.
DavidisresponsibleforleadingthesalesandaccountmanagementofCiti’stransactionservicesinAsiaPacificfortheInvestorsector(suchasassetmanagers,hedgefunds,privateequity,insurance,pensionsandthepublicsector),theIntermediariessector(includingbrokerdealers,universalbanks,andinfrastructure)andtheIssuersector(whichincludesagencyandtrustanddepositaryreceiptsforcorporateandinstitutionalclients).
BasedinHongKong,DavidmanagesCiti’sSecuritiesandFundServicesproductsuiteacrosstheregion,includingdirectcustodyandclearing,globalcustody,fundadministrationfortraditionalandalternativeinvestments,securitiesfinance,depositaryreceiptsandcorporateagencyandtrust.
In2010,Davidwasco-namedAsianInvestor’s“CustodyBankeroftheYear”,wherehewasrecognizedfor“avisionthatnotonlyadvancesCiti’sinterests,butishelpingtheindustryatlarge”.In2011,DavidwasalsorecognizedbyAsia Asset Managementasits“CustodianLeaderoftheYear”forthe“keyrolehehasplayedindevelopingthecompany’sstrongleadershippositioninAsiaandthesuccessofitsGlobalTransactionServicesbusinessintheregion”.
PriortojoiningCitiin2001,DavidworkedforNomuraSecuritiesinHongKongforthreeyearsasManagingDirectorofDebtCapitalMarkets;andDaiwaSecuritiesinEquityMarketsinHongKong.DavidholdsaBSc(dualhonors)inAccountancyandEconomicsfromUniversityofLeeds,UnitedKingdom
David Russell
RegionalHead,AsiaPacificSecuritiesandFundServicesGlobalTransactionServices,Citi
Christina Choi
Director, InvestmentProductsDepartmentHongKongSecuritiesandFuturesCommission
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DirkJonesisGlobalHeadofFinancialInstitutions,ClientandSalesManagementofGlobalTransactionServices.
HehasresponsibilityforclientandsalesmanagementteamsinEurope,America,Canada,LatinAmericaandAsia.DirkistheseniorclientrepresentativeinrespectofCiti’sfullrangeofGlobalTransactionServicesandmanagesthesalesandclientmanagementstrategies,drivesnewbusinessdevelopmentandclientaccountmanagementacrosseachregion.
DirkhasbeenwithCitifor12years,wherehehasestablishedsalesorganizationsacrosstheglobeandhashelpeddrivethoseteamstoproducerecordresults.
HarleMossmanisRegionalHeadofInvestorClientSalesManagementandisresponsiblefortheInvestorindustryrelationshipmanagementandsalesacrosstheAsiaPacificregionwithinCiti’sGlobalTransactionServices.
Underthisremit,HarlemanagesAsiansecuritiesandfundsbusinessacrossthepension,insurance,fundsmanagement,sovereignwealth,centralbankandalternativesectorsandisresponsibleforsalesandrelationshipteamscoveringAustralia,Bangladesh,China,HongKong,India,Indonesia,Japan,Korea,Malaysia,NewZealand,Philippines,Singapore,SriLanka,Taiwan,ThailandandVietnam.
HarlejoinedCitiinHongKonginAugust2001aftertenyearsexperiencewithinthesecuritiesservicesbusiness,wherehegainedanin-depthunderstandingofthecustodialandoverallsecuritiesindustry.
HarlestudiedattheUniversityofCanberra,AustraliaandspentanumberofyearsinthefinanceindustryinbothSydneyandLondonpriortorelocatingtoHongKongwherehenowliveswithhiswifeandtwosmallchildren.
Dirk Jones
GlobalHead,FinancialInstitutionsClientandSalesManagementGlobalTransactionServices,Citi
Harle Mossman
RegionalHead, InvestorClientSalesManagement,AsiaPacific SecuritiesandFundServicesGlobalTransactionServices,Citi
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KamalJanduistheAsiaHeadofClientExecutiveintheSecuritiesandFundServicesGroupoftheGlobalTransactionServicesDivision,basedinHongKong.Inthatcapacity,heisresponsibleforRelationshipManagementofSecuritiesServicestotheInvestmentandIntermediaryindustriesinAsiaPacific.
Priortothis,hewasaSeniorBankerinCiti’sGlobalBankingDivisionandHeadoftheInvestmentindustryincludingmutualfund,insurance,pensionfund,hedgefundandprivateequityclientsinAsiaforCorporateBankingproducts.HehasalsoheldvariousrolesintheGlobalRelationshipBankandGlobalTransactionServicescoveringfinancialinstitutionsclientsinEuropeandMiddleEast,basedinLondon.
KamalisaCreditOfficerandhas22yearsbankingexperience.HejoinedCitiaftergraduatingfromCityUniversity,London.
PaulHodeshas25yearsexperienceinWealthManagementinbankingandinvestmentsworkingintheU.S.,Japan,EuropeandAsiaPacific.
SinceSeptember2010,PaulhasbeenbasedinSingaporeheadingTraditionalManagedInvestmentsProductsforCitiPrivateBankandConsumerBankinAsia.Inaddition,PaulheadsWealthManagementforCitibankAsiaConsumerBank.
Priortohiscurrentrole,PaulmanagedCitibankMalaysia’sRetailsBankwithoversightof100,000customers,includingWealthManagementServicesto30,000Citigoldcustomers.PaulwaselectedtotheBoardofGovernorsofFinancialPlannerAssociationofMalaysia(FPAM).
December2003toDecember2007,PaulwasbasedinSingaporeasCitibank’sAsiaPacificRegionalWealthManagementBusinessDevelopmentHeadmanagingbrokerage,portfoliofinance,andliabilityproductsacross13countries.
April2001toNovember2003,PaulwastheWealthManagementHeadforCitibankInternationalPersonalBankinginLondon,responsibleforoffshoreproductsandadvisorydistributedthoughthebusiness’sbranchesinUK,Luxembourg,SwitzerlandandMonaco.
FromJune1998toApril2001,PaulwastheInvestmentMarketingDirectorforCitibankJapanandamemberoftheteamthatlaunchedtheinvestmentsbusinessin1998.Paulbeganhiscareerin1985atMorganGuarantyTrust,London.Hespent11yearsatFidelityInvestmentsinBostonandTokyo,workinginanumberofsalesandmarketingroles.
Kamal Jandu
RegionalHead,ClientExecutiveAsiaPacific SecuritiesandFundServicesGlobalTransactionServices,Citi
Paul Hodes
HeadofTraditionalManagedInvestmentProductsand ConsumerBankWealthManagementAsiaPacific,Citibank,N.A.
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RogerBaconisHeadofManagedInvestments(MI)andAdvisoryforCitiPrivateBankforAsiaPacificex-Japan.BasedinHongKong,RogeroverseesallMIproductsales,TailoredPortfolioGroup(TPG)originationandsales,andregionalMIproductadministration.Heisalsoresponsibleforcoordinatingtheregionalactivitiesassociatedwithtraditionalfundsresearch,alternativesresearch,operationalduediligenceandTPGportfoliomanagementthroughamatrixreportingline.
Rogerhas19yearsofexperiencewithintheassetmanagementindustry.HespentthefirsttenyearsofhiscareerwithJ.P.MorganAssetManagementanditspredecessorcompaniesworkinginAsia,theUKandContinentalEurope,invariousrelationshipmanagement,equityanalysisandportfoliomanagementpositions.In2003,hejoinedaprominentUKFamilyOfficetosetupandmanageasubstantialmultiasset-classinvestmentprogram,comprisingmainlyequities,fixedincome,commodities,hedgefundsandprivateequity.In2004,hejoinedUBPwhere,asHeadofHedgeFundBusinessinLondon,hehelpedbuildamultibilliondollardiscretionaryandadvisorycustomizedhedgefundbusinesstargetingUHNWs,FamilyOffices,InstitutionsandSWFs.
RogerholdsanHonorsdegree,PostgraduatediplomaandMBAinInternationalFinancialServicesfromtheUniversityofLondon.HealsoholdstheInvestmentManagementCertificate,HKSIPractisingCertificatesinSecuritiesandAssetManagement,andHKSISpecialistCertificatesinSecuritiesandAssetManagement.HewasanauthorizedinvestmentmanagerandadvisorwiththeFinancialServicesAuthorityintheUKforover11years,andiscurrentlyregisteredwiththeHongKongMonetaryAuthorityasExecutiveOfficer,responsibleforsecuritiesdealing,securitiesadvisingandassetmanagement.
StewartAldcroftisSeniorAdvisorforCiti’sInvestorServicesbusinesswithinSecuritiesandFundServices.Inthisrole,heisresponsibleforassistingthebusinesstodevelopnewinitiativesandgrowitsclient-baseandreachacrossAsiaPacific,advisingclientsoutsideAsiaonaccessingtheregion.
Priortothis,StewartwasHeadofBusinessDevelopmentforbetaproductsforEnhancedInvestmentProducts(EIP),helpingtodevelopasuiteofETFsforassetmanagersbasedinHongKong.Hehashadalongcareerworkinginthebusinessdevelopmentandclientrelationshipsidefortraditional,hedge,structuredandalternativesfundshousesacrossAsia,includingthreeyearsasaRegionalDirectorwithHorizon21(previouslyNobleInvestments)andthreeyearswithInvestecAssetManagementAsiaasManagingDirector.
HisotherrolesincludeHeadofBusinessDevelopmentandMarketingforinvestmentservicesatStandardCharteredinHongKong,MarketingandSalesDirectoratFranklinTempletonInvestmentServicesAsia,ExecutiveDirectoratHSBCAssetManagementandAssociateDirector,SchrodersAsia.
Afrequentparticipantintheindustry,StewarthasovertheyearsheldvariousmembershipswiththeHongKongSecuritiesInstituteEducationandSeminarsCommittee,AIMAHongKongEducationCommitteeandChapterExecutiveCommittee,aswellastheHongKongInvestmentFundsAssociationExecutiveCommittee.
StewarthasbeenbasedinHongKongsince1985.HehasbeenafullmemberoftheHongKongSecuritiesInstitutesince1999andisaType9LicensedRepresentativeandType4ResponsibleOfficerundertheHongKongSecuritiesandFuturesCommission.
Roger Bacon
HeadofManagedInvestmentsandAdvisory,AsiaPacificCitiPrivateBank
Stewart Aldcroft
SeniorAdvisor,InvestorServicesAsiaPacific SecuritiesandFundServicesGlobalTransactionServices,Citi
Global Transaction Serviceswww.transactionservices.citi.com
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