Breakfast Briefing: Future-proofing the wealth management businesses to accommodate regulatory change

About

With regulatory change continuing to come thick and fast at national, regional and supranational levels, the wealth management industry is not only racing to keep up with a raft of newly-introduced rules but also trying to anticipate what future evolutions may bring.

This panel will discuss a wide range of issues facing institutions as they move to future-proof their business models and devise the optimum operational and technological set-up for where regulation is heading.


Agenda

08.15 – 09.00 Breakfast and networking

09.00 – 10.30 Panel and Q&A
With regulatory change continuing to come thick and fast at national, regional and supranational levels, the wealth management industry is not only racing to keep up with a raft of newly-introduced rules but also trying to anticipate what future evolutions may bring.

This panel will discuss a wide range of issues facing institutions as they move to future-proof their business models and devise the optimum operational and technological set-up for where regulation is heading, such as:

  • Systemisation for global firms: standardisation across countries or distinct processes for international clients?
  • Effectively storing granular data on clients’ objectives, behaviour and communications to create better audit trails and boost sales
  • The role fintech firms can play in sharing best practice and collaborating with wealth and asset managers over the long-term
  • How can firms try to derive commercial benefits from future regulatory developments?

10.30 – 11.00 Networking


logistics

Date and Time

Date: Tuesday 8th September • 2015
Time: 8:00 am – 11:00 am

Venue

Carlton Club

Address: 69 St James's Street, London, SW1A 1PJ

Telephone: +44(0) 020 7493 1164


Speakers

Richard Charnock

CEO

Standard Life Wealth

Chief Executive Officer of Standard Life Wealth, the Discretionary Fund Management business for ultra-high network private clients and a wholly owned subsidiary of the Standard Life Group. He is also Head of Investment Propositions for the UK market and sits on the UK Executlve.

Richard was previously Chief Executive of ING subsidiary , Williams de Broe, an institutional brokerage and private client business and prior to that Chief Executive of Lloyds TSB Private Banking and Lloyds TSB Stockbrokers.

He is fellow of the Chartered Institute of Securities and Investment and Chairman of the CISI Ethics and Integrity Committee. Richard is also a member of the Worshipful Company of International Bankers and the Cornhill Club.

Tomas Hazleton

Chief Risk Officer

C Hoare & Co

Tomas Hazleton joined C Hoare & Co, the UK’s oldest bank, in 2014 after holding senior risk management roles with several UK investment firms, including Threadneedle, GAM, Bank of America Merrill Lynch and AllianceBernstein. While based in New York, he earlier held senior roles at General Motors Asset Management, DTCC and Citigroup. At the bank he is responsible for risk, compliance, anti-money laundering and data protection.
Soon after arriving in the UK in 2006, Tomas became a founding member of the Investment Management Association’s operational risk working group and later served on its Prudential Risk Advisory Group and Risk & Regulation Committee.
Tomas received his MBA from Columbia Business School, where he has served on the advisory boards of the Chazen Institute of International Business and the Center for International Business Education & Research (CIBER), and also received a B.A. in Economics from Rutgers College in New Jersey.

Keith MacDonald

Head of Wealth Management

EY

Keith MacDonald is a partner in EY’s global financial services practice where his responsibilities include leading its services to wealth managers and private banks.  He has led a wide range of strategic and transformational programmes across the industry, UK and internationally. He leads EY’s development and thought leadership in the wealth management and private banking sector, and is a regular contributor to conferences and publications. Prior to joining EY, Keith was a partner at Capco leading the firm’s retail/corporate/ wealth practice. Before that he was vice president of Capgemini Ernst & Young where he ran the banking consulting business.

Jonathan Rogers

Partner, Financial Services Regulatory Team

Taylor Wessing

Jonathan Rogers heads Taylor Wessing's financial services regulatory Team in London and is a member of Taylor Wessing's wealth industry group, which comprises specialists servicing both wealth management businesses and wealthy individuals.

His wealth clients include wealth management and advisory firms, private banks, family offices, investment funds and service providers, including custody and administration businesses. Jonathan's wealth practice has a focus on products and services that face the wealth markets including the establishment of new businesses, interface with the regulators and implementation of regulatory, industry and technological developments.

Jonathan qualified at the Chancery Bar in 1999 before joining Taylor Wessing as a partner in 2008.

Wendy Spires

Global Head of Research

ClearView Financial Media

Wendy has been a wealth management journalist, researcher and consultant for a decade, covering a huge range of international markets and sub-sectors over that time.

Known as a technology and communications specialist, she has written an array of in-depth reports on issues affecting private banks and wealth managers, ranging from compliance and innovation trends through to client experience, branding and marketing strategies.

As well as speaking at conferences in both the UK and abroad, Wendy also regularly consults for wealth and asset managers, including carrying out research projects among end H/UHNW clients for both internal and external purposes.

Robert Taylor

Head of Department for Investment Management

Financial Conduct Authority

Rob Taylor is the Head of Investment Management Department at the Financial Conduct Authority.  He has also worked in venture capital and is former chief executive of Kleinwort Benson Bank, the London-based merchant and private-client banking group. He is currently Chair of the University for Creative Arts in Kent and Surrey, Chair of the Whitechapel Gallery and a non-executive director of Trumans Brewery and of the East London NHS Foundation Trust.

He began his career working in American politics and as a financial journalist in New York. He is a public speaker at financial services conferences and is an outspoken supporter of LGBT career opportunities in the City as well.


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