DOCSLIB.ORG

2019 Conference Review

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Conference Review About the Event To create a flagship annual conference in Asia for the future state, the The Future State: Cost Efficiencies, New Technologies, and Operational Challenges was held on 2-3 April 2019 in Hong Kong. The two-day conference attracted round 400 participants, including a great mix of senior tech/ops/IT people from the buy side and sell side, regulators, technology vendors and media. It was indeed a conference “designed by the industry, for the industry”. 1 With over 100 speakers including key representatives from sell-side and buy-side communities from technology, operations and COOs, senior representatives from relevant law firms/ consultants/ vendors, global and Asian policy makers, regulators, central banks, the conference served as a significant for the Asian markets to analyze the key technology and operations challenges that firms are facing, and to discuss solutions to these issues. We hope to continue this dialogue on a regular basis. We were also honored to have Mr. Joseph Chan, Under Secretary for Financial Services and the Treasury, Hong Kong SAR Government and Darryl West, Global Chief Information Officer (GCIO) from HSBC, as our keynote speakers at this conference. We specially thank the valuable support from 11 sponsoring firms Avaloq, BNP Paribas Asset Management, Citadel Securities, DTCC, Google, HSBC, Lucht Probst Associates GmbH (LPA), Mizuho Securities, Nomura, PwC, SWIFT, Torstone Technology, Wind Information, as well as 18 endorsing associations and 4 media partners. 2 We have received very positive feedback from speakers, delegates and sponsors. Most of them found the conference insightful stimulating and interactive regarding the current state of technology and operations and the related shared challenges in the industry; and that the event had a high calibre of speakers and diversity of audience that provided a highly efficient platform for networking and interaction. 3 List of Participating Organizations Accrue Broadridge Asia Pacific Limited Acuris BVI Financial Services Commission (HK) Alibaba Cloud Limited Allianz Global Investors Calastone Limited Amazon Web Services, Inc. CFA Institute AQR Capital Management (Asia) Limited China (Guangdong) FTA Qianhai Shekou Ashurst Administrative Committee Asia Fintech Angels China International Capital Corporation Asia First Limited (CICC) Asian Private Banker China Merchants Securities Co., Ltd. ASIFMA Citadel Securities (Hong Kong) Limited Australia and New Zealand Banking Group Citco (ANZ) Citi Avaloq Clifford Chance AXA CMB International Capital Corporation Bank of America Corporation Limited Bank of America Merrill Lynch CME Group Bank of China Consensys Bank of Communications Consulate General of the United States of Bank of East Asia America Barclays Consulate General of The United States, BlackRock Hong Kong & Macau Block.one Control Risks Group Holdings Ltd Bloomberg Credit Agricole Bloomberg News Credit Suisse Group AG Blue Fire AI Limited Daiwa Capital Markets BlueMeg DBS Bank BNP Paribas Deloitte BNP Paribas Asset Management Depository Trust & Clearing Corporation BNP Paribas Investment Partners (DTCC) BNP Paribas Securities Services Deutsche Bank BNY Mellon Digfin Group Bondlinc Diginex British Consulate-General Digital Asset Holdings 4 List of Participating Organizations (Cont’d): DTCC Hong Kong Internet Finance Association Edelweiss Investment Advisors Hong Kong Monetary Authority (HKMA) Egon Zehnder Hong Kong Police Force Emotics HSBC Encompass Huawei Technologies Co Ltd Enfusion IBM Ernst & Young LLP IHS Markit Euroclear Infopro Digital Exiger ING Bank N.V. Singapore Expand Research International Finance Corporation (IFC) Farseer International Financial Law Review Fidelity International Invest Hong Kong Fidessa Corporation Jane Street Asia Limited Financial Services and Treasury Bureau, Jayden.ai Govt. of Hong Kong JDX Consulting FinFabrik Jefferies Hong Kong Limited FinTech Association of Hong Kong JPMorgan Chase & Co. Forkast News Kapronasia Futu Securities International (Hong Kong) Kim & Chang Limited King & Wood Mallesons FutureFlow Kristal.Ai GBST Latham & Watkins LLP Gekkolab Lim-Loges & Masters George P Johnson Experience Marketing Lucht Probst Associates Global Financial Markets Association (GFMA) Magespire Partners Goldman Sachs Mandatory Provident Fund Schemes Google Authority (MPFA) Guernsey Finance Manulife Financial Corporation Haitong International Securities Company Mayer Brown Limited Ministry of Economy of Mexico Haymarket MioTech Herbert Smith Freehills (Hong Kong) MIT Hong Kong Innovation Node HKEX (Hong Kong Exchanges & Clearing Mizuho Limited) Morgan Stanley 5 List of Participating Organizations (Cont’d): MSCI Inc. Shenzhen Stock Exchange (SZSE) NASDAQ Shenzhen Stock Exchange Natixis Corporate & Investment Banking Sia Partners NEC Corporation Simmons & Simmons NetRoadshow, Inc. Slaughter and May NexChange (Hong Kong) Limited Standard Chartered Nomura International (Hong Kong) Limited State Street Corporation Nomura Research Institute SWIFT Noosphere Symphony Communication Services LLC OCBC Wing Hang Bank T. Rowe Price Hong Kong Limited Oliver Wyman Taiger Onchain Custodian Technology Research, Consulting and Pan Asia Securities Lending Association Advisory (TRPC) (PASLA) The Wall Street Journal Pinpoint Asia Limited Thomson Reuters PwC Tongdun Technology Quinlan & Associates Torstone Technology Rambus Tradeteq Red Hat Trading Hub Regulation Asia UBS AG Reuters UK Government Risk.net UOB Kay Hian (Hong Kong) Limited Robotic Online Intelligence Ltd Velotrade Management Limited Salesforce Venture Smart Saudi Telecom Company Waters Technology Securities and Futures Commission WeBank Securities Commission Malaysia Wellington Management Company Shenzhen Qianhai Authority Wind Information Co., Ltd Shenzhen Securities Information Co Ltd, Event Websites: For more about the ASIFMA Conference 2019: The Future State: Cost Efficiencies, New Technologies, and Operational Challenges: www.asifma.org/tech-ops2019. For more information about ASIFMA events: www.asifma.org/events 6 Final Program Dates: Tuesday-Wednesday, 2-3 April 2019 Location: JW Marriott Hong Kong (JW Marriott Ballroom, Level 3) Remarks: Open to the media except Roundtables on Day 2 afternoon DAY 1 Morning Plenary Session 09:00-09:10 Welcome Remarks 09:10-09:30 Keynote 1 09:30-09:50 Keynote 2 09:50-10:50 Plenary Panel 1 - How will Capital Markets be Transformed by Technology by 2025? 10:50-11:30 Morning Coffee Break 11:30-12:30 Plenary Panel 2 - HBS Customer Value Triangle: Product Leadership vs Customer Intimacy vs Operational Excellence 12:30-13:30 Buffet Lunch, Networking 13:00-13:30 Lunch and Learn: The Coming ISO 20022 Revolution: Are You Ready Yet? Markets Stream Technologies Stream Operations Stream Startups Pitch/Demo 13:30-14:15 13:30-14:15 13:30-14:15 Panel M1- Cybersecurity - Are Panel T1- Partnering with Panel O1 – The Future of 13:40-14:00 We On the Right Track? Fintechs: Lessons Learned Industry Communication to FutureFlow 14:15-15:00 14:15-15:00 Improve Operational 14:00-14:20 Panel M2 - The Challenges of Panel T2- Sandboxes - Are Efficiency BlueMeg Client Onboarding They Really Helping to 14:15-15:00 14:20-14:40 15:00-15:30 Promote Innovation and Panel O2 - China Challenge – Emotics Afternoon Coffee Break Clarify Regulatory Obligations? Is there an Opportunity to 14:40-15:00 15:30-16:15 15:00-15:30 Leapfrog Legacy Equities FinFabrik Panel M3 - Regulatory Afternoon Coffee Break Markets for Operational 15:00-15:20 Implementation: Humans vs. 15:30-16:15 Effectiveness Coffee Break Machines Panel T3 - AI Governance 15:00-15:30 15:20-15:40 16:15-17:00 16:15-17:00 Afternoon Coffee Break BlueFire AI Case Study M4 - Agile Case Study T4 - HSBC Journey 15:30-16:15 15:40-16:00 Transformation and Digital on Cloud – Strategies and Panel O3 - Alignment to Kristal AI Factory in UBS Challenges International Standards in 16:00-16:20 the Post Trade Space Robotic Online Intelligence Ltd 16:15-17:00 Panel O4 - Are We Using the 16:20-16:40 Right KPIs and KRIs? Tradeteq 16:40-17:00 Velotrade 17:00 Wrap Up 7 DAY 2 Morning Plenary Session 09:00-09:10 Welcome Remarks 09:10-10:00 Plenary Panel 1 - Data and Risk: The Intersection of Privacy, Data Localization, Cybersecurity and Third Party Risk Management 10:00-10:30 Morning Coffee Break 10:30-11:15 Fireside Chat: What Does It Take to Create a ‘Digital Industry’ in a ‘Digital City’? 11:15-12:15 Plenary Panel 2 - Workforce of Tomorrow 12:15-13:15 Networking Lunch Stream A Stream B Stream C 13:15-14:10 13:15-14:10 13:15-14:10 Roundtable A1 - Open Banking Roundtable B1 - Diversity in Tech – Roundtable C1 - Regional Nuances in Walking the Talk the Post-Trade Space 14:10-15:05 Roundtable A2 - DLT: Standards and 14:10-15:05 14:10-15:05 Interoperability Roundtable B2 – Utilities Roundtable C2 - China Fintech – Disruptors 15:05-16:00 15:05-16:00 Roundtable A3 - Crypto Custody Roundtable B3 - Machine Learning 15:05-16:00 and Machine-Readable Regulations Roundtable C3 - Data Handling, the Cloud and Capital Markets 16:00-17:00 Networking Drinks and Snacks 8 DAY 1 Morning - Plenary Session 09:00-09:10 Welcome Remarks Alain Raes, Chief Executive Officer, APAC and EMEA, SWIFT 09:10-09:30 Keynote 1 Joseph Chan, Under Secretary for Financial Services and the Treasury, HKSAR Government 09:30-09:50 Keynote 2 Darryl West, Global Chief Information Officer (GCIO), HSBC 09:50-10:50 Plenary Panel 1: How will Capital Markets be Transformed by Technology by 2025? Present high level the findings of the GFMA paper on innovation in capital
Load more

Recommended publications
  • Americas Banks Americas Banks Banking on Technology the Shareholder Benefits of a Digital Future
    EQUITY RESEARCH | May 22, 2018 | 12:35AM EDT The following is a redacted version of the original report. See inside for details. Americas Banks Americas Banks Banking on technology The shareholder benefits of a digital future The benefits of innovation in the banking industry have largely either accrued to customers in the form of lower prices or added to the cost base of the banking industry with limited revenue benefits. We see the current wave of digitization, which is centered on electronic payments, straight through processing and AI, generating real scale and efficiency benefits for the largest US banks. The decreasing importance of a physical distribution network also appears to be driving market share concentration with the largest banks taking 6pp of deposit market share since 2008. We see these trends accelerating over the next five years and estimate that the largest banks could see 350bps of efficiency improvement increasing to 800bps if revenue growth is factored in. Tech companies continue to seek opportunities to expand into financial services given their brand and broad customer base. However, we see their focus on eliminating frictions in payments and expanding their offerings to the under-banked, which are likely to be better achieved through partnerships and JVs with incumbent players. Richard Ramsden James Yaro Sal Saroni Heath P. Terry, CFA James Schneider, Ph.D. +1(212)357-9981 | +1(212)902-1913 | +1(917)343-5320 | +1(212)357-1849 | +1(917)343-3149 | [email protected] [email protected] [email protected] [email protected] [email protected] Goldman Sachs & Co.
    [Show full text]
  • Evolving Operating Models in Wealth Management
    EVOLVING OPERATING MODELS IN WEALTH MANAGEMENT Wealth managers and private banks are rapidly evolving their operating models in response to seismic shifts across a range of business-critical areas and, for many, alternative sourcing models are looking increasingly attractive. When Commitment Meets Dedication Commitment and diligence are essential for your business. Expect delivery – we have a 100 % success rate in the implementation of our solutions. The Avaloq group is an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks. It has a reputation for the highest standards in engineering excellence, is passionate about innovation and invests more in R&D than any other provider for the fi nancial industry. We deliver what we promise. As a result of true partnership paired with full dedication, every single Avaloq implementation is a success story. Learn more on www.avaloq.com Avaloq_AD_Commitment_E_UK_2016.indd 1 17.02.2016 20:39:21 FOREWORD On the face of it, the evolution of operating models in the wealth Another is the proliferation of outsourcing and technology pro- management industry might not seem to be the most prepos- viders, in all their forms, that specifically target their services at sessing of topics - not at a time when there may seem to be so wealth managers. many more exciting developments happening in the front-end. Wealth management is transforming itself from being a highly tra- Firms all over the world are having to work increasingly hard to un- ditional industry that has sometimes appeared almost sceptical derscore the value they add for clients amid heightened transpar- of the positive impact technology can make to one which is now ency on both fees and performance.
    [Show full text]
  • Logeek Mag 12 WEB.Pdf
    #12/2021 Financial LoB 34. A Glance at Avaloq Implementation in Singapore & Australia 38. Sybase Database Migration 12. ESP32 JOURNEY TO THE CLOUD 0+ #12/2021 4 The Fundamental Review of the Trading Book Jonathan Corsane 8 The FinTech Disruption in India Jakil Dedhia 12 ESP-32 Journey To The Cloud Richard Clarke 34 A Glance at Avaloq Implementation in Singapore and Australia Liu Lei 38 Sybase Database Migration Mikhail Zankovich 44 How Investment Banking Functions These Days Juliana Baliasova 50 Digital Trends in the Banking Industry Victor-Valentin Filipoiu LoGeek Magazine, 0+ Chief Editor: Dilya Saramkova Editor: Julia Murashova Have any comments, suggestions, reports of copyright violations or want to be a part of the next issue? Please contact us at [email protected] All rights reserved © Luxoft Global Operations GmbH, 2020. The materials are not an offer. The opinions expressed in the articles are not representations of fact; the opinion expressed in each article is the opinion of its author and does not necessarily reflect the opinion of Luxoft Global Operations GmbH. Therefore, Luxoft Global Operations GmbH does not accept liability for any errors or omissions in the content of articles or of the expressed authors’ opinions, which may arise as a result of the publication. THE FUNDAMENTAL REVIEW OF THE TRADING BOOK THE WHO THE WHEN The Basel Committee on Banking Supervision (BCBS), The first consultative paper on the framework was a committee of banking supervisory authorities, issued in mid-2012, with the second closely following in was established in 1974 by a group of ten countries 2013.
    [Show full text]
  • Private Wealth Best Practices – Domain Knowledge Scan (DKS)
    Private Wealth Best Practices – Domain Knowledge Scan (DKS) December 2013 © Internal Consulting Group 2015 PIRVATE WEALTH BANKING – DOMAIN KNOWLEDGE SCAN COMMERCIAL IN CONFIDENCE Confidentiality Our clients’ industries are extremely competitive. The confidentiality of companies’ plans and data is obviously critical. ICG will protect the confidentiality of all such client information. Similarly, management consulting is a competitive business. We view our approaches and insights as proprietary and therefore look to our clients to protect ICG’s interests in our proposals, presentations, methodologies and analytical techniques. Under no circumstances should this material be shared with any third party without the explicit written permission of ICG. Disclaimer ICG has made good faith efforts to ensure that this material is a high-quality publication. However, ICG does not warrant completeness or accuracy, and does not warrant that use of the material ICG’s provisioning service will be uninterrupted or error-free, or that the results obtained will be useful or will satisfy the user's requirements. ICG does not endorse the reputations or opinions of any third party source represented in this material. Copyright Notice While third party materials have been referenced and analysed in this material, the content represents the original work of ICG's personnel. This work is subject to copyright. ICG is the legal copyright holder. No person may reproduce this material without the explicit written permission of ICG. Use of the copyright material in any other form, and in any medium whatsoever, requires the prior agreement in writing of the copyright holder. The user is allowed ‘fair use’ of the copyright material for non-commercial, educational, instructional, and scientific purposes by authorised users.
    [Show full text]
  • 2017 Q1 Results Call Transcript
    TEMENOS Q1 2017 results transcript April 20, 2017 18:30 CET Operator: This is conference # 6677279. Ladies and gentlemen, thank you for standing by. Welcome to the Temenos Q1 2017 results conference call. At this time, all participants are in a listen- only mode. There will be a presentation followed by a question-and-answer session, at which time if you wish to ask a question, you’ll need to press star one on your telephone keypad. I must advise you the conference is being recorded today, Thursday, the 20th of April 2017. And I'd now like to hand over to your first speaker today, Adam Snyder, Head of Investor Relations. Please go ahead, Adam. Adam Snyder: Thank you very much, everyone, for joining us for our Q1 2017 results call. Before handing over to David, I would just like to highlight that we did have some technical issues with our website. Hopefully, you've all received the presentation and press release in the e-mail sent out from the Temenos IR e- mail address. If any of you have not received this, you can e-mail me now on [email protected], and I can send you a copy of both the presentation and press release straight away. With that, I'll hand it over to David. David Arnott: Thank you, Adam. Good afternoon, and thanks, everybody, for joining today's call. As usual, I'm going to start with some comments on our first quarter performance, and then I'll hand over to Max for our financial update.
    [Show full text]
  • FJHE8H75LJ3K4GENI1LE.Pdf
    ffirs JWBK082-Maude June 8, 2006 11:27 Char Count= 0 Global Private Banking and Wealth Management The New Realities David Maude iii ffirs JWBK082-Maude June 8, 2006 11:27 Char Count= 0 vi ffirs JWBK082-Maude June 8, 2006 11:27 Char Count= 0 Global Private Banking and Wealth Management i ffirs JWBK082-Maude June 8, 2006 11:27 Char Count= 0 For other titles in the Wiley Finance Series please see www.wiley.com/finance ii ffirs JWBK082-Maude June 8, 2006 11:27 Char Count= 0 Global Private Banking and Wealth Management The New Realities David Maude iii ffirs JWBK082-Maude June 8, 2006 11:27 Char Count= 0 Copyright C 2006 David Maude. Published 2006 by John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England Telephone (+44) 1243 779777 Email (for orders and customer service enquiries): [email protected] Visit our Home Page on www.wiley.com All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency Ltd, 90 Tottenham Court Road, London W1T 4LP, UK, without the permission in writing of the Publisher. Requests to the Publisher should be addressed to the Permissions Department, John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England, or emailed to [email protected], or faxed to (+44) 1243 770620.
    [Show full text]
  • Asia Securities Industry & Financial Markets Association Sponsorship
    Asia Securities Industry & Financial Markets Association Sponsorship Packages ASIFMA Contact Alex Lipton Manager Business Development and Communications +852 2531 6517 [email protected] Event Background Further to the success of the first edition of the ASIFMA Tech & Ops Conference in 2019, ASIFMA is taking this conference virtual in-light of the COVID-19 situation. This industry-wide conference is becoming a leading platform in the region for the industry to convene and discuss key topics on the shared challenges that the industry is facing Dates Monday, 10-14 May 2021 (2-3 hours per day, morning in HKT/SGT time zone) Format Virtual Content / Topics The topics distributed as below. Day 1: Securing the Foundation – Operational Resilience Day 2: Cybersecurity Day 3: Cloud and Data Day 4: Technologies of the Future: AI and DLT Day 5: New Ways of Working Agenda Linked here Delegate Price ASIFMA Members US$99 / Non-Members US$125 2 Event Background The conference identifies key tech & ops related shared challenges that the industry is facing and brings market participants Objective together to help solve these. Five-day virtual event featuring keynote speeches, panel discussions and sponsored presentations. The conference will be Program Format conducted in English. Industry experts and senior representatives from sell-side and buy-side communities from technology, operations and COOs, senior Speaker Profile representatives from relevant law firms/ consultants/ vendors, global and Asian policy makers, regulators, central banks. To effectively engage this esteemed audience and connect with the global and regional community, various sponsorship packages Sponsorship with speaking slots and marketing opportunities are available for ASIFMA members and non-members offering unparalleled Opportunities branding exposure and lead generation.
    [Show full text]
  • The Rise of Wealthtech
    WWW.DRAKESTAR.COM JULY 2020 Sector Report THE RISE OF WEALTHTECH Julian Ostertag, Managing Partner and Christophe Morvan, Managing Partner Member of the Executive Committee [email protected] [email protected] +33 1700 876 10 +49 89 1490 265 20 Michael Metzger, Partner Antonia Georgieva, Partner [email protected] [email protected] +1 310 696 4011 +1 917 755 5518 Kasper Kruse Petersen, Partner [email protected] +44 203 2057 360 In the USA, all securities transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC. Is regulated by FINRA and is a member of SIPC Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. © 2020 Drake Star Partners. This report is published solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any security. The information herein is based on sources we believe to be reliable but is not guaranteed by us and we assume no liability for its use. Any opinions expressed herein are statements of our judgment on this date and are subject to change without notice. Citations and sources are available upon request through https://www.drakestar.com/contact. Interviews were conducted by Drake Star Partners via email correspondence between March and May 2020.
    [Show full text]
  • FNZ Initial Phase 2 Submission
    FNZ’S INITIAL PHASE 2 SUBMISSION dated 29 April 2020 _______________________________________ Case No. ME/6866/19 COMPLETED ACQUISITION OF GBST HOLDINGS LIMITED BY FNZ (AUSTRALIA) BIDCO PTY LTD _______________________________________ WJT/SHQ 567672752 567672752 31 TABLE OF CONTENTS 1. Introduction and executive summary 1 2. The Parties’ service offerings are very different 4 3. Convergence has led to all WMPs offering mainstream services 7 4. The CMA’s proposed frame of reference is excessively narrow, and artificial 16 5. Within any plausible frame of reference, there is fierce competition from numerous strong competitors 29 6. FNZ and GBST are not close competitors, and certainly not particularly close competitors 36 7. GBST is a weak rival, [✂] 41 8. The Transaction has a clear, pro-competitive rationale 45 9. No plausible basis to suggest unilateral effects of Transaction “particularly acute” for existing GBST customers 47 567672752 31 LIST OF ANNEXES Annex 1 Glossary of key terms Annex 2 FNZ/JHC bidding dataset results Annex 3 Letter from FNZ to CMA dated 20 March 2020 Annex 4 Revised version of Annex 14.1 to the Merger Notice Annex 5 Challenger Solution Providers Annex 6 FNZ letter to [✂] dated 4 November 2019 Annex 7 FNZ letter to [✂] dated 23 October 2019 567672752 31 CASE ME/6866/19 – COMPLETED ACQUISITION OF GBST HOLDINGS LIMITED (“GBST”) BY FNZ (AUSTRALIA) BIDCO PTY LTD (“FNZ”) FNZ’S INITIAL PHASE 2 SUBMISSION 1. Introduction and executive summary 1.1 This submission provides an overview of certain core issues that FNZ considers critical to the CMA’s assessment of its acquisition of GBST (the “Transaction”).
    [Show full text]
  • M&A Advisory League Tables, Mergermarket
    An Acuris Company Finding the opportunities in mergers and acquisitions Global & Regional M&A Report 1H20 Including League Tables of Financial Advisors mergermarket.com An Acuris Company Content Overview 03 Global 04 Global Private Equity 10 Europe 16 US 21 Latin America 26 Asia Pacific (excl. Japan) 31 Japan 36 Middle East & Africa 41 M&A and PE League Tables 46 Criteria & Contacts 80 mergermarket.com Mergermarket Global & Regional Global Overview 3 M&A Report 1H20 Global Overview Regional M&A Comparison North America USD 292.8bn -71.9% vs. 1H19 Inbound USD 46.1bn -64.3% Outbound USD 131.5bn -32.7% Technology USD 73.9bn -47.5% Latin America USD 8.2bn -77.0% vs. 1H19 Inbound USD 4.7bn -78.3% Outbound USD 1.6bn -73.5% Consumer USD 1.73bn -36.6% 32.3% Europe USD 291.5bn 30.6% vs. 1H19 32.5% Inbound USD 97.9bn -49.1% 2.7% Outbound USD 42.9bn -68.1% Financial USD 62.6bn 165.7% Services MEA USD 59.8bn -50.0% vs. 1H19 Inbound USD 20.2bn -39.5% Outbound USD 6.6bn -7.1% Energy, Mining & USD 32.1bn 37.2% 6.6% Utilities 0.9% 25.0% APAC (ex. Japan) USD 225.6bn -17.0% vs. 1H19 Inbound USD 49.0bn 2.3% Outbound USD 24.8bn -42.7% Technology USD 34.1bn 19.7% Japan USD 23.7bn 25.5% vs. 1H19 Inbound USD 3.5bn 3.6%% Global M&A USD 901.6bn -52.7% vs. 1H19 Outbound USD 14.0bn -65.9% The % values on the map indicate Cross-border USD 414.8bn -45.6% vs.
    [Show full text]
  • (Hong Kong) Limited Nomura Builds International Wealth Management W
    News Release Nomura Builds International Wealth Management with Key Hires Singapore, Hong Kong, January 19, 2021—Nomura, Asia’s global investment bank, has hired over 20 private bankers and investment advisors in its International Wealth Management business as it expands its capabilities to serve high-net-worth (HNW) clients. These individuals have been hired in Hong Kong and Singapore following the integration of International Wealth Management into the firm’s Wholesale business, and the appointment of Ravi Raju as Head of International Wealth Management in September 2020. “Our ability to attract top talent from the industry is an acknowledgement by the market that we are serious about our ambitions to build a leading wealth management business and are well- positioned as a platform of choice for aspiring relationship managers in the region. The initial focus of the recruitment drive has been to strengthen our presence across Greater China, Southeast Asia and the Global South Asia market,” said Mr. Raju. Nomura aims to more than triple assets under management in its International Wealth Management business by March 2025, through an accelerated expansion of the client franchise and enhancement of the wealth management product and services platform. “The division aims to differentiate itself by delivering institutional level solutions through alignment with the firm's Global Markets and Investment Banking divisions to bring value to entrepreneurs and family offices representing UHNW and HNW clients in Asia and the Middle East. Our progress has been robust, with the firm making significant investments in people, infrastructure and digital capabilities to transform the platform,” said Mr.
    [Show full text]
  • Complete Quarterly Bulletin 4/2020
    Quarterly Bulletin 4 / 2020 December 4 / 2020 Quarterly Bulletin December Quarterly Bulletin 4 / 2020 December Volume 38 Contents Page Monetary policy report 4 1 Monetary policy decision of 17 December 2020 5 Monetary policy strategy at the SNB 6 2 Global economic environment 7 3 Economic developments in Switzerland 13 4 Prices and inflation expectations 18 5 Monetary developments 21 Business cycle signals 28 Acknowledgements 38 Chronicle of monetary events 42 Quarterly Bulletin 4 / 2020 December 3 Monetary policy report Report for the attention of the Governing Board of the Swiss National Bank for its quarterly assessment of December 2020 The report describes economic and monetary developments in Switzerland and explains the inflation forecast. It shows how the SNB views the economic situation and the implications for monetary policy it draws from this assessment. The first section (‘Monetary policy decision of 17 December 2020’) is an excerpt from the press release published following the assessment. This report is based on the data and information available as at 17 December 2020. Unless otherwise stated, all rates of change from the previous period are based on seasonally adjusted data and are annualised. Quarterly Bulletin 4 / 2020 December 1 forecast for 2020 is negative (– 0.7%). The inflation rate is likely to be higher again next year (0.0%) and slightly Monetary policy decision positive in 2022 (0.2%). The conditional inflation forecast is based on the assumption that the SNB policy of 17 December 2020 rate remains at – 0.75% over the entire forecast horizon (cf. table 1.1). The coronavirus pandemic and the measures implemented to contain it led to a historic downturn in the global economy in the first half of 2020.
    [Show full text]