Inflation is here and it continues to be uncomfortably high on the back of supply chain chaos and surging energy prices. Even policy makers are divided on whether the spike is transitory or here to stay.
The Bank of England warned that it will act to curb inflation, while the European Central Bank believes its largely temporary. The US inflation is at its 13-year high, and the Fed remains divided.
In Asia, Singapore became the latest major economy to tighten monetary policy to manage inflationary pressure following South Korea. Meanwhile, China says inflation is basically under control.
Investors are significantly worried about inflation, a recent poll conducted by Citywire Asia found. Nearly nine out 10 respondents fear it may become less transitory than initially thought.
How much does inflation impact investments and how can we inflation-proof investment portfolios? We ask this panel of experts:
James Cheo, Chief Investment Officer, Southeast Asia for Global Private Banking and Wealth, HSBC
John Woods, Chief Investment Officer Asia Pacific, Investment Strategy, Credit Suisse
Steve Brice, Chief Investment Officer, Standard Chartered Bank
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Inflation Virtual Conversation
3 November 2021
15:00 - 16:25 (SGT/ HKT)
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Inflation Virtual Conversation
workshops
3 November 2021
15:00 - 16:25 (SGT/ HKT)
Head of Foreign Investment Fund, MFC Asset Management
Charnwut Roongsangmanoon
Danny Chang
Head, Managed Investments and Investment Advisory, Wealth Management, Standard Chartered Bank Malaysia
Managing Director, Head of Investment Advisory & Solutions, SCB Julius Baer
Joseph Caceres
Head of Mutual Fund Business Development, Capital Nomura Securities Pcl
Sukit Jaratchaiwanna
Head of Foreign Investment Fund,
MFC Asset Management
Charnwut Roongsangmanoon
join the panel sessions
Managing Director, Head of Investment Advisory & Solutions, SCB Julius Baer
Joseph Caceres
Danny Chang
Head, Managed Investments and Investment Advisory, Wealth Management, Standard Chartered Bank Malaysia
Senior VP, Head of Trust & Investments Group,
BDO Trust
Rafael Jr G. Ayuste
Head of Investments, Private Banking Group, UnionBank of the Philippines
Caesar Antonino Ordonez
Chief Marketing & Distribution Officer,
Affin Hwang Asset Management Berhad
Chan Ai Mei
Head of Mutual Fund Business Development, Capital Nomura Securities Pcl
Sukit Jaratchaiwanna
HEAD OF GLOBAL PRIVATE BANKING, SOUTH ASIA, HSBC Private Banking
PHILIP KUNZ
Managing Director, Head of South-East Asia,
Deutsche Bank Wealth Management
SHANG-WEI CHOW
7 OCTOBER
MALAYSIA
ASEAN PERSPECTIVE
THAILAND
PHILIPPINES
Chief Investment Officer,
BPI Asset Management and Trust Corporation
Smith L. Chua
6 OCTOBER
Event Info
Agenda
Panel session
Workshops
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audrey raj
Editor, Citywire Asia
Chief Investment Officer, Southeast Asia for Global Private Banking and Wealth, HSBC
James Cheo
Chief Investment Officer Asia Pacific, Investment Strategy,
Credit Suisse
John Woods
Chief Investment Officer, STANDARD CHARTERED BANK
STEVE BRICE
15:00
15:40
Fund Group Workshop - Goldman Sachs Asset Management
All timings in BST
3 June 2021
Day 1
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14:00
14:50
Workshop 1 - dws
As ESG gain
Conference session - Ed Gillespie
15:00 - 15:25
15:30 - 15:55
16:00 - 16:25
All timings in SGT/ HKT
3 November
15:50
16:30
Fund Group Workshop - Artisan Partners
16:40
17:20
Fund Group Workshop - Sands Capital
11:50
12:20
Fund Group Workshop
12:20
13:40
Table planned lunch
13:40
14:40
Panel Session
14:40
15:10
Fund Group Workshop
15:20
15:50
Fund Group Workshop
16:00
16:30
Fund Group Workshop
16:40
17:10
Fund Group Workshop
19:30
20:00
Drinks reception
20:00
23:00
Table planned dinner - Jen Brister
09:15
10:15
Conference Session 2 - Mark Foster
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10:15
10:45
Fund Group Workshop
10:55
11:25
Fund Group Workshop
11:35
12:05
Fund Group Workshop
12:05
13:20
Buffet lunch
08:00 09:15
Workshop 1 - dws
As ESG gain
Breakfast at leisure
All timings in BST
24 September 2021
Day 2
14:00
Event close
As ESG gains prominence globally, our panel
Welcome and Opening Panel
Inflation, liquidity and rates:
The high-wire act of 2022
DWS Investments
Liquid Real Assets in Inflationary Environment
Premia Partners
Long duration Chinese government bonds: the sweet spot in the global sovereign bond spectrum
As ESG gains prominence globally, our panel
Agenda
Click on each sponsor logo for more details
Workshops
Joined the Company in 2006. Prior to joining the Investment Specialist team in APAC, Joseph served as an Institutional Relationship Manager based in New York with a focus on overseas investments for Asian Institutional clients.
BA & MA in Economics from Boston University
Head of Private Banks & Intermediaries Coverage
Singapore and Hong Kong
DWS Group
Joseph W. Kung
Joined the Company in 2021. Prior to joining the Client Coverage Division in APAC, Liting was part of the sales team in Value Partners, focusing on growing the private banking distribution. She was previously in UOB Asset Management during her early career years, covering intermediaries and has 9 years of industry experience.
Bachelor of Business from Nanyang Technological University
Coverage Specialist
Private Banks & Intermediaries Coverage
Singapore
DWS Group
Liting Cheok
representatives
Heidi is currently the Head of Product APAC and lead product specialist for Liquid Real Assets & Equity strategies for the region. She joined DWS in 2014 and has 14 years of industry experience
Prior to joining DWS, Heidi specialized in alternatives and private equity real estate, where she was responsible in raising capital, transaction execution, managing funds and joint venture platforms in Goodman and LaSalle Investment Management
Heidi holds the Chartered Financial Analyst designation and graduated with a Bachelor of Engineering (Civil Engineering) from the University of Hong Kong. She is also a Chartered Valuation Surveyor with RICS
Head of Product, APAC
Senior Product Specialist, Equities & Liquid Real Assets, APAC
Heidi Sum, CFA, MRICS
speaker
DWS Group (DWS) is one of the world's leading asset managers with EUR 859bn of assets under management (as of 30 June 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.
company profile
To explain the position of listed infrastructure and real estate securities in private clients’ investment portfolio
Workshop objective
How do different asset classes perform in inflationary environment? We will examine in details via our macro quadrant framework and discuss the merits in owning listed infrastructure and listed real estate securities in the current environment. We will also explain why DWS has outperformed our peers consistently in these two asset classes with our robust investment process that is adaptable to the changing investment landscape.
workshop summary
Liquid Real Assets in Inflationary Environment
workshop details coming soon
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Rebecca Chua is Managing Partner of Premia Partners. Previously she was Assistant Chief Executive of ICBC Credit Suisse Asset Management International, and Director at Blackrock APAC Fundamental Equities. Rebecca holds a BBA degree from Hong Kong University of Science & Technology and an MBA degree from Yale University. She is a fellow member of the Association of Chartered Certified Accountants (FCCA), a CFA and FRM charterholder, and a member of the HKEX Listing Committee.
Managing Partner
Rebecca Chua
representative
David Lai is a Partner and co-Chief Investment Officer of Premia Partners. Prior to Premia Partners, David was Executive Director and Responsible Officer at China Asset Management (HK) Limited where he supervised the company's investment activities and led the build-out of the company's ETF platform in Hong Kong, including launching the world's first cross-border RQFII-based ETF with over US$2 billion in AuM. Before that, David had been a portfolio manager since 2002 at Hang Seng Bank, Mirae Asset Global Investments, and Citic Securities International. David has demonstrated proven investment track record in both active and passive strategies, recognized by numerous industry awards.
David holds a Bachelor of Business Administration degree in Finance and a Master of Science degree in Investment Management from the Hong Kong University of Science and Technology, and is a CFA charterholder.
Partner & Co-CIO
David Lai
speaker
Founded in Hong Kong in 2016, Premia Partners has emerged as one of the leading independent, pure-play ETF asset managers in Asia.
At Premia Partners, we believe in enabling investors with efficient investment tools and we see enormous scope for innovation in the Asian ETF industry. Dedicated to building and curating best practice ETFs and rule-based solutions for Asia, our goal is to reshape the ETF landscape with better products, better advisory, and a better ecosystem in Asia and for Asia.
For more information about Premia or our differentiated strategies for China A shares, Asia Innovative Technology, Emerging ASEAN, Vietnam, US Treasury, Long Duration Chinese Government Bonds and China USD Property Bonds, please visit www.premia-partners.com.
company profile
To discuss the differentiated opportunities in long duration Chinese government bonds and how they can be a good alternative tool for long term investors and allocators looking for yield.
Workshop objective
The US Federal Reserve has signalled the imminent start of the transition from the Great Stimulus of 2020-2021, and the Fed’s suggested pace of tapering quantitative easing was at the high end of expectations. In this session our Partner & Co-CIO David Lai discusses what has the Chinese PBOC been doing in contrary, and why long duration Chinese government bonds would be a useful alternative as we brace for more challenging US equity and bond markets with lower return and higher risk coming up on the horizon.
workshop summary
Long duration Chinese government bonds: the sweet spot in the global sovereign bond spectrum
workshop details coming soon
Download slides
Watch the session
The longer inflation tracks above the Federal Reserve’s 2% target, the less ‘transitory’ it may be. The Covid-induced supply-side shocks that stimulated the initial phase may morph into more enduring wage and price expectations. Or it may, indeed, just be a blip. How the Fed manages to withdraw the unprecedented liquidity still in the global financial system while moving the US to a more normalised interest-rate environment will be a delicate balancing act in 2022.
How should private clients, and their bankers, be preparing portfolios for the Fed’s next policy phase? How will inflation, interest rates and reduced liquidity affect portfolios? And which products are positioned to take advantage of these imminent changes?
Inflation, liquidity and rates: The high-wire act of 2022
In what has been a difficult period for all ASEAN countries, Malaysia has endured its own political upheavals which seem to be drawing to a conclusion. For the investment industry, progress, through measured, is being made in greater product access, international connectivity and Shariah compliant capabilities. Malaysian retail clients, like everyone in ASEAN, have had the importance of a diversified portfolio highlighted to them over the covid crisis. Funds focused on the two superpowers, America and a rising China, have done particularly well this year, as have funds with a technology driven investment universe. How are Malaysian distributors responding to market changes and supporting their clients through these difficult periods? Where should energy be focused to release the next phase of fund access and investor confidence? Are there different on-shore / offshore models coming over the horizon?
Panellists:
Stability and consistency under challenging conditions
Malaysia:
Til March 2021, the Philippine unit investment trust funds (UITFs) market posted remarkable YoY growth of almost 60% encapsulating the continued regulatory support and growing confidence of Filipino investors in asset managers and the fund market. It has been digital and tech focused funds which have drawn the strongest investor interest over the last year, while ESG centric products have had a slower rollout in Manila. The regulatory agenda of the Bangko Sentral ng Pilipinas (BSP) under the “Trust Business Model Initiative” will have a busy end to 2021 with further reforms implemented, however further work remains to provide access to sophisticated products such as derivatives, structured products and the wider alts investment universe. Will these changes secure the next phase of growth for the Philippine market? How are the leading players adapting to evolving client demands and enhanced expectations?
Panellists:
Securing the next phase of growth and confidence
Philippines:
After an understandable dip in AUMs throughout 2020, in the first half of this year Thai investors have renewed their desire for foreign investment funds (FIFs), particularly equity focused funds. China focused equity funds have led the advance with over $2.1 billion USD of inflows, whilst global equity funds secured $1.5 billion USD in new assets during the first half of 2021. Thai investors, and their distribution partners, have driven an impressive 80+% YoY increase in ESG themed funds, yet Thai focused funds, with the Kingdom's relative robust ESG disclosures have had a muted start to 2021. What product classes and innovations will capture client demand into 2022? How is the industry preparing for the new liquidity risk management rules which will be promulgated next year? How is the historical divide between offshore and onshore solutions/providers evolving and maturing?
Panellists:
Stepping forward amidst tough headwinds
Thailand:
John Woods is a Managing Director of Credit Suisse and the Chief Investment Officer Asia Pacific, responsible for developing regional discretionary and advisory investment strategies across asset classes and within asset classes for private and institutional clients in Asia Pacific. Mr. Woods is a member of the Investment Committee of Credit Suisse and Chair of the Regional Investment Committee in Asia Pacific.
Prior to joining Credit Suisse in September 2015, Mr. Woods was Managing Director and Head of Fixed Income Asia Pacific for Citi Investment Management. Before that, he served as the Chief Investment Strategist for Asia Pacific at Citi Private Bank and was a voting member of the Global Investment Committee.
Mr. Woods brings 25 years’ investment management experience in Asia fixed income and currency markets, with special focus on portfolio management, trading and research. Among his previous roles, he was HSBC’s UK-based Head of Absolute Return Proprietary Trading and Global Head of Credit Research and Strategy. John obtained his M.A. in Asia Pacific studies from the School of Oriental and African Studies of the University of London.
John Woods
Chief Investment Officer Asia Pacific, Investment Strategy,
Credit Suisse
Mr. Cheo is a member of the Global Investment Committee for Private Banking and Wealth Management and also a member of the Regional Investment Committee in Asia. In his role, he spearheads the development of investment strategies across all asset classes for private banking and wealth management clients in Southeast Asia. Prior to re-joining HSBC Private Banking, James was Senior Investment Strategist at Bank of Singapore, where he was responsible for asset allocation and thematic research. Before that, James assumed Investment Strategist roles at Barclays Wealth Asia. From 2004 to 2009, James served as Senior Economist at the Monetary Authority of Singapore, where he was part of the team that formulated policy actions for Singapore during the 2008 Global Financial Crisis. With his knowledge and wealth of experience, his investment views are frequently sought after. He has established a strong media profile, with appearances on notable financial media including Bloomberg, CNBC, Channel News Asia, Channel 8 Mandarin News; and printed publications such as the Financial Times, Straits Times, Business Times. James graduated with First Class Honours in Finance from Nanyang Technological University. He was awarded the Chartered Financial Analyst charter in 2007.
James Cheo
Chief Investment Officer, Southeast Asia for Global Private Banking and Wealth, HSBC
James Cheo
Chief Investment Officer, Southeast Asia for Global Private Banking and Wealth, HSBC
John Woods
Chief Investment Officer Asia Pacific, Investment Strategy,
Credit Suisse
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Chief Marketing & Distribution Officer,
Affin Hwang Asset Management Berhad
Chan Ai Mei
Head, Managed Investments and Investment Advisory,
Wealth Management, Standard Chartered Bank Malaysia
Danny Chang
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Charnwut Roongsangmanoon, FRM, Executive Vice President, Head of International Funds Charnwut manages international funds (AUM of 28 billion Baht) including international equities, and bonds, alternatives, multi-assets and currency exposure. He is a member of Investment Committee and a member of Internal Credit Rating Committee. He has wide experience in Thai mutual fund management. He has worked with MFC since 2005.
Charnwut holds a Ph.D. in Finance from Nanyang Technological University, Singapore, an M.B.A. from National Institute of Development Administration (NIDA) and a B.Eng. in Chemical Engineering from Chulalongkorn University. He was awarded GARP’s Financial Risk Manager (FRM).
Charnwut Roongsangmanoon
Ph.D., FRM
Head of Foreign Investment Fund, MFC Asset Management
Chan Ai Mei is the Chief Marketing & Distribution Officer of Affin Hwang Asset Management Bhd ("Affin Hwang AM"). In her capacity as Chief Marketing & Distribution Officer, she is responsible for the overall management and development of Products, Wealth & Advisory, Marketing & Communication as well as to oversee the distribution of funds through the Financial Institutional channel.
She joined the company as the Head of Financial Institutional business in 2010 and assumed the role of Chief Marketing Officer in 2014. She was re-designated to her current role in 2017.
During her stint as the Head of Financial Institutional Distribution, she was responsible for overseeing and driving the growth of third-party distribution channels for Affin Hwang AM and developing a team that services the financial institutions and business partnership teams that distribute our products.
Prior to her role at Affin Hwang AM, she was with Standard Chartered Bank for five (5) years where she was involved in the Wealth Management business driving sales of investment products as well as leading a team of Investment Consultants. She also spent close to seven (7) years in Citibank as a Personal Banker and subsequently managed a team.
She graduated with a degree in Bachelor of Commerce (majoring in Marketing) from the University of Auckland, New Zealand and is also a Certified Financial Planner.
Chan Ai Mei
Chief Marketing & Distribution Officer, Affin Hwang AM
EVP, Head of Mutual Fund Business Development,
Capital Nomura Securities Pcl.
Sukit Jaratchaiwanna, CFA, FRM
Head of Foreign Investment Fund,
MFC Asset Management
Charnwut Roongsangmanoon Ph.D., FRM
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Managing Director, Head of Investment Advisory and Solutions,
SCB Julius Baer
Joseph Caceres
Danny is the Head of Managed Investments and Investment Advisory. He has a Commerce Degree from Monash University (Melbourne) and MBA from the University of New South Wales in Sydney.
Danny spent his first seven years of his career as an Equity Investment Analyst. He was part of an award winning Malaysia Equity Research team at Credit Lyonnais Securities Asia (CLSA) as voted by AsiaMoney and Euromoney Magazine in 1998 to 2000.
Thereafter he spent a considerable amount of time as the Investment Head in Malaysia before joining Standard Chartered Bank (Singapore) in 2010 as Director for Investment Advisory and Strategy.
He returned to Malaysia in 2015 to assume the current role.
Danny is an endurance weekend warrior including endeavours such as running 250km self supported across the Gobi Desert, completing the IronMan triathlon and riding some of the mountain passes of the Tour de France. His recent challenge includes representing Standard Chartered as staff athlete for the Belt and Road Relay, running 10km every day across 44 countries over 90 days.
Danny Chang
Head, Managed Investments and Investment Advisory, Wealth Management, Standard Chartered Bank Malaysia
Mr. Caceres is responsible for the growth, development, and strategy of SCB Julius Baer’s international quality investment solutions and product offering.
Mr. Caceres brings close to two decades of experience in finance, banking, and international investment management. Originally from North America, he has lived and worked in Asia since 2004. Most recently Mr. Caceres was Head of Managed Investment Solutions and Alternative Investments South East Asia at HSBC Private Bank - responsible for the firm’s investment mandate offering as well as private equity, hedge funds, and real estate. While at HSBC, Caceres was responsible for the strategic build-up and growth of the managed investment solutions offering, and his prior positions at the firm include leading equity sales and trading as well as hedge fund prime brokerage sales in Singapore.
Over his 13-year tenure with HSBC, Mr. Caceres has worked across the investment banking and private banking divisions of the organization, serving both institutional as well as HNW and UHNW clients across Asia, Europe and the Middle East.
JOSEPH CACERES
Managing Director, Head of Investment Advisory and Solutions
His role is to manage the mutual fund product desk and platforms, called Nomura iFUND and Nomura iWEALTH, as well as develop new business opportunities. Prior to Capital Nomura Securities, he was Head of Managed Investment at Standard Chartered Bank (Thai) and Fund manager at Private Wealth Management, Deutsche Bank (Bangkok).
Sukit Jaratchaiwanna, CFA, FRM
EVP, Head of Mutual Fund Business Development at Capital Nomura Securities Pcl.
Head of Investments, Private Banking Group,
UnionBank of the Philippines
Caesar Antonino Ordonez
Chief Investment Officer,
BPI Asset Management and Trust Corporation
Smith L. Chua
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Caesar Antonino M. Ordonez, Jr., known in the industry as Sonny, has more than 20 years experience in the finance industry working in the dealership, corporate banking, fixed income fund management and research units of various banks and institutions. Prior to joining UnionBank, Sonny worked under BDO Trust & Investment Group as Senior Assistant Vice President – Investment Officer for the Investment Strategy and Research Unit for 9 years handling corporations.
Sonny is currently the Head of Investment of the Private Banking Group of UnionBank and previously had the role of Chief Investment Officer of the Trust & Investment Services Group where under his management, the Portfolio Management Unit won 2 awards from the CFA Society Philippines for Best Managed Fund Of The Year for Peso Medium-Term Bond (2020) and Peso Balanced Fund (2021).
Caesar Antonino Ordonez
Head of Investments, Private Banking Group,
UnionBank of the Philippines
Smith L. Chua is the Chief Investment Officer of BPI Asset Management and Trust Corporation responsible for strategy formulation and execution of various investment mandates, spanning from domestic as well as foreign currency asset classes for institutional and individual portfolios. With Mr. Chua’s over two decades of experience in the financial markets, he leads his asset management team to assess and re-balance the allocation of client portfolios that are invested in multiple asset classes that will be able to outperform relative benchmarks.
Mr. Chua has been recognized by The Asset Magazine as one of The Most Astute Investors and Lipper Leader Rankings cited funds under his management for their respective 3-year and 5-year performances. Prior to joining BPI, Mr. Chua served as Head of Treasury and Cash Management at Barnes and Nobles, Inc., Deputy Chief Investment Officer at ING Investment Management in Manila, and Head of the Structured and Derivatives Department at Metropolitan Bank and Trust Company.
Mr. Chua received his Bachelor of Science Degree in Business Management (Honor’s Program) from the Ateneo de Manila University.
Smith L. Chua
Chief Investment Officer, BPI Asset Management
Senior VP, Head of Trust & Investments Group,
BDO Trust
Rafael Jr G. Ayuste
Panel session
Chief Investment Officer, Standard Chartered
Steve Brice
Steve Brice is the Bank’s Chief Investment Officer and has o v er 25 years of financial markets experience in senior positions. He leads a team of more than 20 investment professionals and chairs the Bank’s Global Investment Committee, which is responsible for forming the cross-asset investment views for the Private Bank and Retail segments.
His previous roles include Chief Economist (SE Asia), Head of Research (Middle East and South Asia) and Head of Global Markets (Southern Africa), all with Standard Chartered Bank. He started his career at I.D.E.A. Ltd, a financial consultancy in London, where he was Regional Head of FX (Europe) before joining SCB. He has a Masters from the University of
Liverpool.
Steve’s views are widely sought by both clients and the media. He regularly contributes articles to newspapers and magazines and frequently appears on CNBC and Bloomberg TV and radio.
Steve is based in Singapore and travels frequently around Asia, Africa, Europe and the Middle East to share his views with both clients and the media. Steve is originally from the UK, but has lived in Asia, Africa and the Middle East for the past 20+ years. Steve is an ardent sports fan focusing on cricket, rugby and Liverpool FC.
Steve Brice
Chief Investment Officer, Standard Chartered
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