DISCRETIONARY PORTFOLIO MANAGEMENT PEER-TO-PEER CONNECT 2015

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1 DISCRETIONARY PORTFOLIO MANAGEMENT PEER-TO-PEER CONNECT 2015 TUESDAY DECEMBER 01, 2015 THE FULLERTON HOTEL PLATINUM SPONSORS GOLD SPONSOR

2 AGENDA December 01, The Fullerton Hotel TIME SESSION 8:30-9:00am Registration & Coffee 9:00-9:05am Opening Comments Andrew Shale, Publisher Asian Private Banker Breakout Roundtable Sessions Room 1 Room 2 Room 3 9:05-9:50am 9:55-10:40am A C B A C B Breakout Sessions will be held concurrently in separate rooms. 10:40-11:30am B C A 11:45-12:30pm Leaders Conversation Panel: The income conundrum for discretionary managers As volatility picks up and sentiments in the Asian market moderated, discretionary managers are observing an accelerated rate of inflows into a variety of standard, thematic and tailor-made mandates. Yield remains as the dominant component of the portfolio that has played a central role in dialogue with bankers and end-clients as the successful single-bond picking days are well behind us. Simultaneously, private banks are grappling with Asian clients inability to stomach drawdowns as poor volatility management leads to fairly swift redemptions. How are discretionary managers generating income for clients? Moderated by: Richard Otsuki Senior Reporter Asian Private Banker Conversation Catalysts: Garth Bregman Head of Discretionary Portfolio Management, Asia BNP Paribas Wealth Management Wei Mei Tan Head of Portfolio Solutions Asia Pacific Credit Suisse Tuan Huynh Regional Head of Portfolio Management, APAC Deutsche Asset & Wealth Management Yves Bogni Head, Program Management Office, Investment Management APAC UBS Wealth Management 12:30-1:30pm Luncheon PLATINUM SPONSORS GOLD SPONSOR

3 AGENDA December 01, The Fullerton Hotel TOPIC A Macro and FX exposures and their application in DPM Mandates Exposure to FX has historically been very transactional in nature. Surely there are enhanced ways to concentrate on asset allocation and extract alpha? A recent innovation sees DPM and Family Office investors gaining exposure to the opportunities for returns generated by active FX/Macro managers through investments which promote transparency and the flexibility of daily liquidity. This is a new way to gain exposure to up to 40 hedge fund managers in a more efficient, investor-friendly way. The hedge fund managers on the platform bring strong G7/G10 currency spot and option trading experience generating alpha through their trading activities and Citi provides a platform which facilitates liquidity. This means that DPMs can concentrate on allocation towards and between funds and serving their clients. Further, these exposures can be overlaid with optionality or leverage to tailor the investment return and risk. Moderated by Bernard Wai Managing Director - APAC Head of Private Client Solutions Citi Representative: Wen Yen Choo ASEAN Specialist Citi Private Client Solutions TOPIC B Asset allocation for DPM mandates Investing in the Age of the Central Banker Central bankers have always played a pivotal role in shaping the thinking of market participants. However, it was only with the onset of the Global Financial Crisis in 2008 that central bankers have come to dominate our lives (and portfolios) through the introduction of Quantitative Easing and other emergency, extraordinary and unconventional monetary policies. Such policies have led directly to coercion to invest in ever-riskier assets, and the hunt for yield has driven valuations across nearly every asset category to historically elevated levels. How should DPMs build portfolios and asset allocate effectively in such an environment? Andrew Parry will discuss why we should embrace diversification and a patient mindset in the face of uncertainty, and will demonstrate how, by envisioning assets as building blocks of risk and return, DPMs can achieve an asset allocation ready for the realities of the Age of the Central Banker. Moderated by Andrew Parry Head of Equities Representatives: Jakob Nilsson Director, Head of Business Development Asia Pacific Brian Sng Manager, Business Development Asia Pacific TOPIC C High yield floating rate bonds a new tool for a rising rate environment Now more than ever, investors are bracing themselves for the first rate hikes in many years in the developed world. This will create headwinds for traditional bond investors and, today, Jeik introduces a unique instrument, the high yield floating rate bond, which can overcome these headwinds and actually benefit from rate hikes. The session will also compare this instrument to alternate solutions to the rate tightening quandary. Moderated by Jeik Sohn Investment Director Representatives: Ben Cherrington Director, Intermediary Channels, Asia Pacific Sophia Shi Relationship Manager PLATINUM SPONSORS GOLD SPONSOR

SPEAKERS Richard Otsuki Senior Reporter Asian Private Banker Wei Mei Tan, CFA, CAIA, CMWA, CA Head of Portfolio Solutions, Asia Pacific Credit Suisse Richard Otsuki is currently at the helm of APB

He is responsible for APB Mandate's coverage of HNW investment offerings, and the insights and flows of advisory, discretionary, and client-directed investments.

Richard joined Asian Private Banker s editorial team in 2012 where he began his coverage of the industry with a key focus on front office developments, including recruitment, training and business

4 SPEAKERS Richard Otsuki Senior Reporter Asian Private Banker Wei Mei Tan, CFA, CAIA, CMWA, CA Head of Portfolio Solutions, Asia Pacific Credit Suisse Richard Otsuki is currently at the helm of APB Mandate, a sister site of Asian Private Banker that focuses solely on the management of high net worth (HNW) assets at Asia's private banks. He is responsible for APB Mandate's coverage of HNW investment offerings, and the insights and flows of advisory, discretionary, and client-directed investments. In addition, Richard also engages with UHNWIs, EAMs and family offices in the Asia region to report on the most pressing concerns that private asset owners have. Richard joined Asian Private Banker s editorial team in 2012 where he began his coverage of the industry with a key focus on front office developments, including recruitment, training and business strategy. From 2013 to 2014, Richard expanded his coverage to include structured products and fund distribution. During this period, he developed several data products focused on the state of structured products and fund selection. He also spearheaded Asian Private Banker's first Asset Management Awards for Excellence. Garth Bregman Head of Discretionary Portfolio Management Asia BNP Paribas Wealth Management Wei Mei Tan leads the APAC Portfolio Solutions team at Credit Suisse Private Banking and Wealth Management. She is responsible for a team of portfolio specialists who are focused on the acquisition and retention of multi-asset class discretionary and high conviction advisory portfolio solutions. Wei Mei helps clients across the region to structure their investment portfolios and has extensive experience covering professional clients and sophisticated UHNW investors across 20 countries. She specializes in asset allocation and portfolio construction and has been in the industry for more than 15 years. Prior to joining Credit Suisse Private Banking, Wei Mei was the APAC Head of Mandate Specialists at UBS Wealth Management. She spent 6 years with UBS and built up their sales & distribution platform for discretionary and advisory mandates. Before moving into wealth management, Wei Mei was in investment banking at Credit Suisse and JPMorgan Securities in Hong Kong. In both her roles, she was actively involved in the structuring and distribution of alternative investments and fixed income solutions to institutions and private banks in Asia. Wei Mei started her career at Temasek Holdings where she was a fixed income portfolio manager and conducted due diligence on various types of investments. Wei Mei is a Chartered Financial Analyst (CFA), Chartered Accountant (CA), Chartered Alternative Investment Analyst (CAIA) and Certified Wealth Management Advisor (CWMA). She holds a Bachelor of Accountancy (Honours) from Nanyang Technological University in Singapore and was formerly a Temasek scholar. Richard joined Asian Private banker in 2012, where he covers a multitude of facets in Asia s private banking industry including in asset management, capital markets and recruitment. Richard graduated from Hong Kong Baptist University with a Bachelors of Arts in English Literature with a specific focus on postmodern literary theory. In his spare time, Richard is an avid fan of basketball both as a player and spectator.

SPEAKERS Tuan Hunyh Regional Head of Portfolio Management, APAC Deutsche Asset & Wealth Management Yves Bogni Executive Director, Head Program Management Office, Investment Management APAC UBS Wealth

He is responsible for all discretionary mandates such as multi-asset portfolios, fixed income portfolios and equity portfolios. Tuan started his apprenticeship in 1993 at Deutsche Bank.

5 SPEAKERS Tuan Hunyh Regional Head of Portfolio Management, APAC Deutsche Asset & Wealth Management Yves Bogni Executive Director, Head Program Management Office, Investment Management APAC UBS Wealth Management Tuan Huynh is currently the regional head portfolio management for Deutsche Asset & Wealth Management, Asia Pacific. He is responsible for all discretionary mandates such as multi-asset portfolios, fixed income portfolios and equity portfolios. Tuan started his apprenticeship in 1993 at Deutsche Bank. Thereafter he studied Business Administration focusing on finance and banks at Düsseldorf University. During this time he had several internships in Germany at Deutsche Bank. After graduation in 1999, he started working as a portfolio manager for private clients at Deutsche Bank in Düsseldorf where he was responsible for benchmark strategies and portfolios with special directives. In April 2004, Tuan moved to Frankfurt and was responsible for benchmark portfolios and investment funds within Private Asset Management (PAM), heading a group of 4 portfolio managers with total assets under management of ca. one billion Euro. He had the responsibility for the investment performance of all benchmark portfolio strategies within Private Asset Management. Tuan graduated from the University of Düsseldorf and is a Certified European Financial Analyst. Yves and his team are responsible for the overall investment process of UBS Wealth Management's discretionary solutions in APAC. This includes tactical asset allocation, portfolio construction as well as managing the investment aspects of the large Special Mandate Portfolios. Yves joined UBS in 1995 and worked in various areas of the bank, including client advising, portfolio management, and futures & option trading. In 2004, Yves joined UBS Wealth Management Research in Zurich. As part of the Emerging Markets team, he was responsible for the Global Emerging Market Equity strategy. In 2006, he moved to the Singapore office where he began to manage the strategy for Asia excluding Japan for UBS Wealth Management Research. At the same time, he continued to run the Global Emerging Markets strategy, which included the Asian, Latin American and Eastern European equity markets. In 2010 Yves joined UBS IPS Investment Management in Singapore as the Head of Investment Strategy in the Investment Office APAC where he was responsible for the investment strategy of local discretionary solutions. Yves holds a degree in international management from the University of Applied Sciences in Switzerland. He also studied finance at Ajou University in South Korea and is a CFA charterholder. He speaks German and English.

SPONSORS Bernard Wai Managing Director APAC Head of Private Client Solutions Citi Andrew Parry Head of Equities Bernard Wai is a Managing Director and APAC Head of Private Client Solutions group,

He has served in a variety of capacities since joining Citi in 2002, including Head of Retail Structured Product Sales and Head of Pan Asian Equity Derivatives and Convertible Bond Sales, in Hong

His group is responsible for the marketing and execution of multi-asset structured solutions for financial intermediaries, including private banks and consumer banks, and their clients.

6 SPONSORS Bernard Wai Managing Director APAC Head of Private Client Solutions Citi Andrew Parry Head of Equities Bernard Wai is a Managing Director and APAC Head of Private Client Solutions group, based in Hong Kong. He has served in a variety of capacities since joining Citi in 2002, including Head of Retail Structured Product Sales and Head of Pan Asian Equity Derivatives and Convertible Bond Sales, in Hong Kong and Tokyo. His group is responsible for the marketing and execution of multi-asset structured solutions for financial intermediaries, including private banks and consumer banks, and their clients. Mr Wai began his career as an equity deriatives salesperson covering hedge funds at Morgan Stanley. He holds a BS in Economics from The Wharton School of the University of Pennsylvania in the US. Andrew Parry joined Hermes Sourcecap in December 2006 and as chief executive officer has specific responsibility for the day-to-day management of the company and the development of the business. In August 2014, Andrew was appointed Head of Equities for the Hermes group. Prior to joining Hermes Sourcecap, Andrew established Pembroke Capital Management in January 2003 and successfully launched the Magenta Fund, a global equity non-directional fund in March of that year. Before establishing Pembroke, Andrew worked at Northern Trust Global Investments (Europe) Ltd as Chief Investment Officer of International Equities and was responsible for the management of global, international and regional portfolios. Prior to Northern Trust, Andrew held a variety of senior investment roles including Head of International Equities at Julius Baer Investments, Chief Investment Officer at Lazard Brothers Asset Management, and Head of UK Equities at Baring Asset Management. He has over 31 years of investment management and business-building experience and holds an MA in Mathematics from the University of St Andrews. Outside of his roles as CEO of Hermes Sourcecap and Head of Equities for the Hermes group, Andrew is a member of the Investment Committee of the Trafalgar House Pension Trust and a nonequity director of Aerion Fund Managers, and was formerly an independent investment advisor to the Investment Sub-Committee of the Mineworkers Pension Scheme Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. The Private Client Solutions group, firmly embedded within Citi s Markets and Securities Services business, provides private bank and retail intermediaries with access to Citi s market-making capabilities and product expertise. Among the many innovations Citi offers to investors are notes, deposits, certificates, OTC derivatives, funds, rules-based investment strategies and more. Citi s investments are designed to meet a range of financial goals, including yield enhancement, hedging portfolio risk and address to global markets. is focused on delivering superior, sustainable, riskadjusted returns responsibly. Hermes aims to deliver long-term outperformance through active management. Our investment professionals manage equity, fixed income, real estate and alternative portfolios on behalf of a global clientele of institutions and wholesale investors. We are also one of the market leaders in responsible investment advisory services.

SPONSORS Jeik Sohn Investment Director Jeik Sohn joined M&G in 2009 and is the Investment Director for M&G in APAC. He relocated to Asia in 2011 to establish M&G's offices in Singapore and Hong Kong.

Jeik is a CFA charterholder, has an MBA from London Business School and a BA in Finance and Management from the NYU Stern School of Business.

From our offices in London, Singapore, New York and Boston, we manage award-winning equity funds and segregated portfolios, with expertise in Global, Emerging Markets, Asian, Japanese, European, US

They are attracted by our entrepreneurial approach and lack of bureaucracy, the latter enabling them to focus solely on investing without the distractions that can arise at a larger company.

7 SPONSORS Jeik Sohn Investment Director Jeik Sohn joined M&G in 2009 and is the Investment Director for M&G in APAC. He relocated to Asia in 2011 to establish M&G's offices in Singapore and Hong Kong. Previously, he was a Product Manager focusing on multi asset and alternatives in London. Prior to joining M&G, Jeik worked as a research analyst at an art investment index. Jeik is a CFA charterholder, has an MBA from London Business School and a BA in Finance and Management from the NYU Stern School of Business. J O Hambro Capital Management is an investment boutique which targets market-leading investment performance rather than asset gathering. From our offices in London, Singapore, New York and Boston, we manage award-winning equity funds and segregated portfolios, with expertise in Global, Emerging Markets, Asian, Japanese, European, US and UK equities. Our success has been founded upon recruiting experienced fund managers with proven investment pedigrees. They are attracted by our entrepreneurial approach and lack of bureaucracy, the latter enabling them to focus solely on investing without the distractions that can arise at a larger company. And our fund managers have complete investment freedom - there is no house view on economies, markets, sectors or stocks. This leads to a diversity of views and approaches across our investment professionals and insulates us from the dangers of groupthink. This intellectual latitude and the absence of bureaucratic practices associated with many larger fund management houses has led to extremely low turnover amongst our investment professionals. M&G is one of Europe s largest active asset managers, known for its conviction-led and long-term approach to investing that has been investing on behalf of individual and institutional clients for more than 80 years. Today we manage assets of over US$403 billion (as at 30 June 2015) for clients across Europe and Asia. Our investment edge is in our people. With approximately 1,600 professionals worldwide, 274 of which are dedicated to fund management, we remain at the forefront of investment thinking, constantly seeking to develop our product range to provide the best investment opportunities for our investors. We believe we can deliver the best returns for our clients through active management, developing a deep understanding of the companies whose equities, bonds or property we hold. For more information, please visit

DISCRETIONARY PORTFOLIO MANAGEMENT PEER-TO-PEER CONNECT

DISCRETIONARY PORTFOLIO MANAGEMENT PEER-TO-PEER CONNECT November 29, 2016 The Westin, Singapore Conversation Partners Networking Partner S ORY C OUNC I L P ROGA R DV A MIM E Christian Abuide Head of Discretionary