Singapore, 3 May 2018 – UBS hosted its flagship Asian edition of UBS Family Office Summit in Singapore with over 120 of some of the wealthiest global family offices and family office executives from the region.
With the rise in geopolitical tensions and concerns over a potential global trade war, markets have beenvolatile. Growth numbers, both on the macro and corporate front remain quite solid globally. Yet, the gradual return of inflation and central banks' monetary tightening policies have raised a new set of questions for investors.
Against the current global macroeconomic environment, the conference theme "From Insight to Foresight" encourages family offices to look up from short term market fluctuations to longer term themes which will be major engines of wealth creation.This Summit aims to provide family offices with a platform to exchange investment ideas and collaboration opportunities. Participants also joined workshops on real estate, healthcare and biomedical, sustainable investments.
Sara Ferrari, Head Global Family Office Group at UBS said: “Since we first launched our GFO Summit 11 years ago, we have witnessed a steady rise of professional family offices around the world, including in Asia which is the fastest growing wealth management market globally. Family offices look beyond the usual investment themes for exclusive investment opportunities and they tend to hold long term, strategic views when managing their assets. This is why we cover a range of topics from the impact of artificial intelligence, the rise of Asia in the global geopolitical arena and long term investment trends such as healthcare, education, agriculture and sustainable investments. Our global reach allows us to bring together like-minded investors to network, share ideas and explore mutually beneficial opportunities with their peers."
"We foresee a significant wealth transfer of USD 2.1 trillion in the next 20 years globally. With the rise of Asia Pacific, we will be witnessing one of the largest wealth transfers as 45% of wealth will be transferred in the next five years, and around 70% for the next ten years. Today, Asia has the highest number of billionaires globally. Singapore is proud to be the host country for our flagship UBS Global Family Office Summit, reaffirming the country’s importance as a pre-eminent wealth management centre, as well as reflecting the growth and opportunities in Asia, " added Edmund Koh, Head Wealth Management Asia Pacific, UBS Global Wealth Management.
Anurag Mahesh, Head Global Family Office Group APAC, UBS Global Wealth Management said, "Increasingly, we have found that Asian family offices are focusing on private equity and credit opportunities whilst diversifying away from their home region. In terms of sectors, many family offices are looking at healthcare, education and consumer/tech enabled sectors primarily in the US and Asia, especially China."
The UBS Global Family Office Summit 2018 in Singapore featured a strong line up of external speakers including Professor Sir Christopher Pissarides (Nobel Laureate in Economic Sciences) , world renowned thought-leaders, entrepreneurs and money managers. They discussed a range of topics from investment asset allocation strategies, the future of the workforce due to artificial intelligence, the rise of Asia, India as an innovation hub, sustainable investing trends, impact of blockchain technology and other long term investment opportunities into education, agriculture.
The list of external speakers include:
- Professor Sir Christopher Pissarides, Nobel Laureate in Economic Sciences, 2010
School Professor in Economics and Political Science, London School of Economics (LSE)
- Stephen Diggle, Founder, Vulpes Investment Management
- Michael Casey, Senior Advisor, MIT Digital Currency Initiative; Chairman of CoinDesk Advisory Board
- Abhinay Choudhari, Co-founder of BigBasket.com
- David Sin, Co-founder, Group President and Deputy Chairman of the Board of Fullerton Healthcare Corporation
- Eric Loh, CEO of Trendlines Medical Singapore
- Professor Kishore Mahbubani, Senior Advisor (University & Global Relations) and Professor in the Practice of Policy National University of Singapore
- Robert Kraybill, Managing Director, Portfolio Management of IIX
- Shuyin Tang, Partner at Patamar Capital
For full programme:
About UBS GFO Summit in Asia
UBS GFO Summit in Singapore is our seventh, annual summit dedicated to family offices in Asia. This GFO Summit is part of a global series, which also takes place in Europe and the Americas. This summit is an example of the services that we create exclusively for our family office clients through our UBS Global Family Office Group. These services were recently recognized by Asian Private Banker, which named UBS best private bank for family office services for 2017. UBS also topped both the Euromoney Private Banking Survey 2017 for Family Offices Services (Global) and Euromoney Private Banking Survey 2017 for Family Offices Services (Asia).
UBS Global Family Office
A joint venture between UBS's Investment Bank and Wealth Management divisions, the Global Family Office Group focuses on servicing our most sophisticated clientele with institutional-like profiles and requirements. It offers holistic advisory services, direct access to UBS cross-divisional expertise across the globe, institutional business opportunities and an extensive peer network with dedicated teams in New York, London, Zurich, Geneva, Hong Kong and Singapore.
Notes to Editors
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS' strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in 52 countries, with about 34% of its employees working in the Americas, 34% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 14% in Asia Pacific. UBS Group AG employs approximately 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
For more information, please visit: www.ubs.com