Although the global economy is facing substantial challenges with the fallout of the US subprime crisis, the wealth management industry in Hong Kong still anticipates to grow. According to Forbes, the total net worth of billionaires in the Asia Pacific region climbed from last year’s US$552 billion to US$804 billion this year. The 2008 Forbes list of World Billionaires featured 42 PRC individuals. The Asian economies are still expected to produce more wealthy individuals albeit at a slower pace.
With increased opportunities however come increased challenges. For example, regional competition from booking centers in neighboring cities and foreign institutions are coming to compete in the Hong Kong market. High net worth (HNW) individuals have become increasingly sophisticated and are demanding stronger investment performance which is difficult to achieve in the current environment. Wealth managers therefore need to constantly upgrade and broaden their skills and product knowledge to meet these challenges.
This Conference will address issues facing the industry in Hong Kong as well as the latest investment products and trends to equip wealth managers to better serve their HNW clients.
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