SINGAPORE, 18 November 2014 - Labuan International Business and Financial Centre (Labuan IBFC) and the Financial Times today hosted the ASEAN Wealth Management Summit 2014 at the InterContinental Hotel in Singapore.
Titled “The Rise of South East Asia’s Affluent”, the Summit provided a special focus on the future of ASEAN’s wealth management industry in view of the remarkable growth of wealth and greater economic integration in the region.
“The wealth management industry, within the ASEAN local financial institutions, is still very much in its infancy, with most of the substantive assets still being captured by players from outside of this region. This must represent an opportunity for the progressive ASEAN players,” said Dato' Mohammed Azlan Hashim, Chairman, Labuan IBFC Inc, and former Executive Chairman of the Malaysian Bourse, Bursa Malaysia Berhad, in his keynote address.
“Against the backdrop of continued growth within the region, the provision of wealth management solutions tailored from a multitude of domiciles, including home grown ASEAN-based jurisdictions, such as Labuan IBFC, is no longer rare,” he added.
The Summit was co-chaired by Yuri Bender, Editor-in-chief of Professional Wealth Management and Jeremy Grant, Asia Regional Corporate Correspondent, both from the Financial Times.
Yuri Bender, Editor-in-chief, Professional Wealth Management said, “In the ASEAN region, the wealth management industry has the welcome task of accommodating growth in one of the world’s most dynamic economic areas, which is home to 600 million people.”