Changing context UBS Wealth Insights
Singapore, January 15, 2018

UBS Wealth Insights 2018

The world is experiencing robust and synchronized economic growth, supporting rising global equity markets. But the investment context is changing. Central banks are beginning to withdraw stimulus. Geopolitics is in flux. And technological disruption is impacting economies, markets, and industries.

This year's Wealth Insights series titled "Changing Context”, will provide investors with the guidance they need to navigate these changes, and protect and grow their wealth in the year to come.

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Agenda

An overview of the topics to be discussed at the forum

 



UBS Wealth Insights LinkedIn group

The UBS Wealth Insights group on LinkedIn is designed to explore wealth management and market trends in Asia Pacific
 

Keynote speaker:

 
Ravi Menon

Ravi Menon

Managing Director
Monetary Authority of Singapore

Mr Ravi Menon has been Managing Director of the Monetary Authority of Singapore (MAS) since 2011. The MAS conducts monetary policy, manages the official foreign reserves, supervises the financial sector, and develops Singapore as a financial centre.

On the international front, Mr Menon is a member of the Financial Stability Board (FSB) Steering Committee. He chaired the FSB Standing Committee on Standards Implementation during 2013-2017, the International Monetary and Financial Committee (IMFC) Deputies Meetings during 2011-2015, and the APEC Senior Officials Meetings in 2009. 

Mr Menon was Permanent Secretary at the Ministry of Trade & Industry (2007-2011), where he led the ministry’s work in economic strategy; energy policy; research and development; and international trade. Mr Menon was Deputy Secretary at the Ministry of Finance (2003-2007), where he was responsible for fiscal policy and government reserves.

Mr Menon began his career at MAS in 1987. During his 16 years in MAS, he was involved in monetary policy; econometric forecasting; banking regulation and liberalisation; and integrated supervision of complex financial institutions.

A recipient of the Public Administration Medal (Gold), Mr Menon has served on boards in the public, private, and people sectors. He was Chairman of the Singapore Co-operation Enterprise; Deputy Chairman of the Central Provident Fund Board; and a board member of the Housing and Development Board; Singapore Totalisator Board; Agency for Science, Technology, and Research; Civil Service College; and National Research Foundation. He was also on the board of directors of DBS Bank, the largest bank in Southeast Asia. Mr Menon is currently Chairman of the Institute of Banking and Finance, and he serves on the board of trustees of the Singapore Indian Development Association, a community volunteer group.

Mr Menon holds a Master's in Public Administration from Harvard University and a Bachelor of Social Science (Honours) in Economics from the National University of Singapore. A two-time winner of the Prime Minister's Book Prize, Mr Menon was a prefect and scout leader at Raffles Institution where he had his secondary education. 

 
John Kerry

The Honorable John Kerry

68th United States Secretary of State (2013-2017)

On February 1, 2013, John Forbes Kerry was sworn in as the 68th Secretary of State of the United States, becoming the first sitting Senate Foreign Relations Committee Chairman to serve as Secretary in over a century. Kerry drew from this experience to provide the State Department with global stewardship on issues ranging from nuclear non-proliferation to radical extremists, to humanitarian challenges and the rising threat of climate change.

In 2013, Kerry became the first Secretary of State to meet with Iran’s Foreign Minister since the Iranian revolution of 1979. This meeting was the highest-level U.S. diplomatic contact with Iran in more than six years, and a key moment on the journey towards the eventual signing of the landmark 2015 agreement to prevent Iran from attaining a nuclear weapon.

Faced with the rising threat of global climate change, Kerry was also a key architect of the Paris Climate Accord, signing the historic agreement to reduce carbon emissions in 2016.

Kerry drew upon a lifetime of public service during his tenure as Secretary.
Shortly before he graduated from Yale University, Kerry volunteered for service in the United States Navy. He completed two tours of duty in Vietnam, including serving as a Swift Boat skipper patrolling the rivers of the Mekong Delta. Lt. Kerry returned home from service in Vietnam with a Silver Star, a Bronze Star with Combat V, and three Purple Hearts.

Back in the United States, Kerry felt compelled to speak out against the war in which he had served. Testifying at the invitation of Chairman J. William Fulbright before the Senate Foreign Relations Committee he would chair 38 years later, he asked the poignant question, “How do you ask a man to be the last man to die for a mistake?” He also began a lifelong fight for his fellow veterans as a co-founder of the Vietnam Veterans of America, and later as a Senator who fought to secure veterans’ benefits, extension of the G.I. Bill for Higher Education, and improved treatment for post-traumatic stress disorder.

After receiving his law degree from Boston College Law School in 1976, Kerry went to work as a top prosecutor in Middlesex County, Massachusetts, where he took on organized crime, fought for victims’ rights, and created programs for rape counseling. He was elected Lieutenant Governor of Massachusetts in 1982 and was elected to the United States Senate two years later.

In 2009, Kerry became Chairman of the Senate Foreign Relations Committee, assuming a leadership role on key foreign policy and national security issues facing the United States, including Afghanistan and Pakistan, China, nuclear non-proliferation, and global climate change.

In addition to his 28 years on the Senate Foreign Relations Committee, Kerry also held senior positions on the Finance, Commerce, and Small Business committees. He served as a member of the bipartisan Joint Committee on Deficit Reduction, where he worked across party lines to try and reduce the country’s debt and strengthen our economy. Prior to his departure from the Senate, Kerry was the seventh-most senior Senator.

A best-selling author of A Call to Service: My Vision for a Better America and This Moment on Earth, Secretary Kerry announced in 2017 he will be writing a memoir, expected in 2018. He is currently a Distinguished Fellow for Global Affairs at Yale University as well as the inaugural Visiting Distinguished Statesman for the Carnegie Endowment for International Peace.

Kerry was the Democratic Party’s nominee for President of the United States in 2004. He and his wife Teresa Heinz Kerry have two daughters, three sons, and six grandchildren.

Main UBS Speakers:

 
August Hatecke

August Hatecke

Head of UBS Wealth
Head of Wealth Management South East Asia

August Hatecke was appointed Head of UBS Wealth Management South East Asia in April 2016 and Head of UBS Wealth in June 2017. August previously served as UBS Head of Ultra High Net Worth and Global Family Office Switzerland based in Zurich where he was responsible for managing the needs of wealthy clients in Switzerland.

August started his career with the Investment Banking arm of SBC O'Connor Warburg Dillon Read (the fore-runner to UBS) in 1994 before moving to Private Banking where he was working on Active Advisory, Portfolio Management, Treasury and Execution. He was with Credit Suisse AG for the period 2001-2010 where he headed teams in Private Banking Switzerland, Investment Services and Products as well as Trading and Sales. Since returning to UBS in 2010, he has been responsible for the Ultra High Net Worth and Global Family Office business for UBS Switzerland AG.

August holds a Master Degree in Economics from the University of Zurich. 

 
Mark Haefele

Mark Haefele

Global Chief Investment Officer,
UBS Wealth Management

Mark Haefele is the Global Chief Investment Officer UBS Wealth Management and is the chair of the UBS Global Investment Committee. He oversees investment policy and strategy for approximately USD 2trn in invested assets. He joined UBS as Head of Investment, CIO WM, when the CIO office was founded in 2011. Before that he was the cofounder and co-fund manager at Sonic Capital. He also served as a Managing Director at Matrix Capital Management. A former lecturer and acting dean at Harvard University, Mark is a frequent contributor to numerous financial media, including CNBC, Bloomberg, and the WSJ. He serves on the Foundation Board of the Pension Fund of UBS. After receiving his BA from Princeton, he earned both an MA and PhD from Harvard University. As a Fulbright Scholar, he also received an MA from the Australian National University.

 
Mike P. Ryan

Mike P. Ryan

Chief Investment Officer Americas
UBS Wealth Management

Professional history

Mike is Chief Investment Officer Americas for UBS Wealth Management. Mike is responsible for bringing together market and investment insights from multiple sources and positioning them so as to optimize impact for UBS clients. As Head of CIO Americas, Wealth Management, Mike manages over 40 U.S.-based research professionals dedicated exclusively to serving the needs of
individual investors.

Mike is a member of the WMA Executive Committee, in addition to serving on UBS’s Global Investment Committee and Global CIO Management Committee, which is responsible for formulating the UBS Wealth Management Investment House View.

With more than 30 years of experience in the financial industry, he is widely recognized as a leading market expert.

Professional affiliations

Mike is a Chartered Financial Analyst® and a member of the CFA Institute (formerly the Association for Investment Management Research), the Fixed Income Analysts Society Inc. (FIASI) and the New York Society of Security Analysts (NYSSA).

Media exposure

Mike appears regularly on CNN, CNBC, PBS, TV Tokyo and Bloomberg Television. He is frequently quoted in The Wall Street Journal, Dow Jones News Services, Reuters, Financial Times, Nikkei news and Bloomberg.

Education

Mike holds an M.B.A. in finance from the University of Rochester’s William E. Simon Graduate School of Business Administration, and a B.A. in political science/economics from the University of Rochester.

 
Tan Min Lan

Tan Min Lan

Head APAC Investment Office
Chief Investment Office,
UBS Wealth Management

Tan Min Lan is a Group Managing Director at UBS AG. Since July 2013, she is the Head of the APAC investment office at UBS Wealth Management. She serves on the Global Investment Committee, Emerging Market Investment Committee and Asia Investment Committee at UBS Wealth Management, which formulate the regional and global UBS House View.

Prior to joining UBS Wealth Management, Min Lan spent eleven years with the UBS Investment Bank where she held a number of senior appointments. From 2002-2012, Min Lan was the Head of Research and Strategist at UBS Securities Singapore. Over this period, Min Lan was ranked a top analyst in Asia across major institutional investor surveys, including being named the Number 1 analyst in Singapore by Asiamoney for ten straight years. From 2006, she was concurrently appointed the Head of Equities for Singapore, with oversight of research, sales, trading and execution, prime brokerage and exchange traded derivatives. In 2012, Min Lan was made the Global Head of FICC Macro Strategy Research, where she was in charge of teams covering global asset allocation, global emerging markets, fixed income, FX and credit research. 

Before joining UBS, Min Lan worked as a senior economist with the Econometric Modelling unit at the Monetary Authority of Singapore, as well as an economist and strategist at Merrill Lynch covering the Asian equities markets. Min Lan holds a Bachelor in Accountancy (Hons) from the National University of Singapore and is a CFA charter holder. She also sits on the Investment Review Committee of the Singapore National Kidney Foundation. 

 
Kelvin Tay

Kelvin Tay

Regional Chief Investment Officer,
UBS Wealth Management

Kelvin Tay is the Regional Chief Investment Officer at UBS Wealth Management. Kelvin is a member of the UBS Global Emerging Markets Investment Committee, as well as the Asia-Pacific Investment Committee where he provides strategic research and inputs to the investment and asset allocation process across asset classes.

Based in Singapore, Kelvin joined UBS Wealth Management Asia in April 2006 and was deputy head of P&S Consulting (Southeast Asia), where he helped clients structure investment portfolios based on asset allocation. Prior to joining UBS, Kelvin worked at Deutsche Bank Private Wealth Management (Asia) as the Asian & European Equity Strategist responsible for Asian & European equity selection. He was also the portfolio manager of the Asian equities portfolio and was also responsible for conducting funds research.

From 2002 to 2004, Kelvin was a Regional Telecoms Analyst with JPMorgan Chase where he was consistently one of the top 3 rated regional Asian telecoms analysts in international surveys such as AsiaMoney and Institutional Investor.

From 2000 to 2002, Kelvin was a Regional Telecoms Analyst with ABN AMRO (Asia) Ltd in Hong Kong, where he was ranked No.3 in AsiaMoney's Asia-wide regional telecoms analyst survey in 2001 and his team was ranked No. 1 in the 2000 Greenwich survey. Prior to that, Kelvin worked at Overseas Union Bank in Singapore as a credit analyst in loan syndications and capital markets.

Other speakers/panelists:

 
Danny Yong

Danny Yong

Chief Investment Officer
Dymon Asia Capital

Danny Yong is the CIO and Founder of Dymon Asia Capital. Established in 2008, the alternative investment management firm has assets under management of US$5 billion across hedge funds, private equity and venture capital strategies as of October 2017. The Firm is headquartered in Singapore and has offices in Hong Kong, the United Kingdom and Malaysia too. In May 2014, Temasek invested USD 500 million in one of Dymon Asia’s funds, and also took a minority stake in the company. Dymon Asia Capital has 147 employees, comprising of 77 investment professionals.

The Firm’s flagship Dymon Asia Macro Fund is a discretionary global macro strategy which invests in currencies, fixed income and equity indices. The investment team has consistently capitalized on trends, events and idiosyncrasies across the globe, in particular the Asian markets where domestic regulations and cultural nuances matter a lot.

Demonstrative of the Firm’s specialty and expertise, the Dymon Asia Macro Fund was ranked in the top 50 by Bloomberg Magazine in 2016’s Top-Performing Funds with assets over $1 billion. Prior to 2016, the Dymon Asia Macro Fund ranked amongst the top ten hedge funds globally in 2011 and in 2014. The Dymon Asia Currency Value Fund was similarly ranked 2nd globally for funds with assets under $1 billion in 2016.

Danny has over 20 years of experience trading FX, fixed income and futures in Asia. Before Dymon, he was a founding partner and CIO of Abax Global Capital, a hedge fund based in Hong Kong. Previously an MD at Citadel Investment Asia, Danny established and ran the Asia Macro trading business from 2005 to 2007. Prior to Citadel, he was Goldman Sachs' Head of Trading for South East Asian FX and Derivatives where he spent almost six years in the Hong Kong and Tokyo offices. Danny started his trading career at JP Morgan in 1997 as a FX currency and interest rate derivatives trader.

 
Geoffrey Wong

Geoffrey Wong

Head of Global Emerging Markets and Asia Pacific Equities
UBS Asset Management

Years of investment industry experience: 29
Education: Massachusetts Institute of Technology (US), SM, SB, MBA

  • Geoffrey Wong is Head of Global Emerging Markets and Asia Pacific Equities with overall responsibility for all Emerging Markets & Asian, Japanese and Australian equity teams, strategies and research.
  • Geoffrey is also responsible for research and portfolio management and construction for global emerging market strategies and is a member of the Equities Management Committee.
  • Geoffrey joined UBS in 1997. His prior experience includes co-founding an Asian investment management firm, where he served as Director of Investment Management responsible for asset allocation and stock selection for global and regional institutional portfolios.
  • Geoffrey served on the board of directors of Singapore Exchange, the combined stock and futures exchange of Singapore between 2003 and 2006. He is a member of the Singapore Society of Financial Analysts.
 
Hyde Chen

Hyde Chen

Equity Analyst
UBS Wealth Management Chief Investment Office

Hyde Chen is an equity analyst at UBS Wealth Management Chief Investment Office in Hong Kong and the specialist on the Hong Kong and China equity market. His views can be found in leading financial media.

Prior to joining UBS, Hyde worked as an equity analyst at AllianceBernstein and CLSA, covering the Asian technology sector, and as an associate at IDG Venture, focusing on early stage venture capital investment in the internet and digital media industry. Before his career in financial services, Hyde had considerable experiences in the management consulting and IT hardware industry, and held various positions across Asia Pacific, including as a management consultant at McKinsey & Company, and as a project manager at Dell Inc. and AsusTek Computer.

Hyde holds an MBA degree from Harvard Business School, and is also a graduate of National Taiwan University with both Master's and Bachelor's degrees in Electrical Engineering. Hyde is a CFA charterholder.

 
Philip Dicken

Philip Dicken

Head of European Equities
Columbia Threadneedle Investments

Philip Dicken is Head of European equities at Columbia Threadneedle Investments. He joined the company in 2004 and has managed the Threadneedle Pan European Smaller Companies Fund since launch. He also
manages several other smaller company portfolios.

He started his career with Merrill Lynch as an analyst in the Corporate Finance division and holds a first class degree in Mechanical Engineering with study in Continental Europe from Bristol University.

He holds the Chartered Financial Analyst designation and is also a member of the CFA Society of the UK.

 
Sundeep Gantori

Sundeep Gantori

Equity Analyst,
UBS Wealth Management Chief Investment Office

Sundeep Gantori is an equity analyst responsible for covering the global technology sector and the Asia ex-Japan Focus 20 list, which features CIO's highest conviction ideas in the region.

Sundeep joined UBS Wealth Management as an equity analyst in February 2007. His coverage primarily focuses on global technology sectors including internet, semiconductors, software and services, and hardware. Additionally, Sundeep is also responsible for managing the Asia ex-Japan Focus 20 list, covering Taiwanese equities and developing other thematic ideas. Before joining UBS, Sundeep worked as an equity analyst at PCS Securities, an Indian brokerage firm where he was covering the Indian IT and telecom sectors.

During the past few years, Sundeep has authored many thought-leadership pieces on topics like AI, automation, cryptocurrencies, blockchain, etc., and his views regularly appear across high-profile media outlets.

 
Tomoya Masanao

Tomoya Masanao

Managing Director and co-head of APAC portfolio management
PIMCO

Mr. Masanao is a managing director in the Tokyo office and co-head of Asia-Pacific portfolio management. He co-oversees the portfolio management teams in the region and manages global and Japanese portfolios. He is also a core member of the Asia-Pacific Portfolio Committee. Mr. Masanao joined PIMCO in 2001 as a global portfolio manager in the Newport Beach office and relocated to Tokyo in 2002. Prior to joining PIMCO, he was an executive director and senior portfolio manager at Goldman Sachs Asset Management in London. He was also with Sumitomo Bank as a proprietary trader in London and a credit analyst in Osaka. He has 28 years of investment experience and holds an MBA from Boston University. He also holds a master's degree and an undergraduate degree, both in engineering, from Osaka University.