Date: Wednesday, October 22, 2014
Time: 12:00pm - 2:00pm
Venue: RBC Hong Kong Office
Level 17 Cheung Kong Centre,
2 Queen's Road Central,
Central, Hong Kong
Price: Members $200/ Non-Members $300
(Business Lunch will be provided)
Venue and Lunch Sponsored by:
About the Event:
There are now more than 600 billionaires in Asia, which has become the fastest growing affluent region in the world, and is poised to have a larger number of High-net-worth (HNW) individuals than North America by 2015.
But Asia's list of the most affluent is dominated by the relatively tiny city of Hong Kong, which has the world's second largest billionaire population behind New York. 75 billionaires are resident in Hong Kong, and Hong Kong is the fastest-rowing market for HNW individuals.
Research has shown that Asia's wealthy individuals - its millionaires and billionaires - have been increasing their wealth faster than those of any other region, and are soon set to make Asia the wealthiest region in the world. Much of this wealth is believed to be first generation, and in addition to running successful businesses, Asia's wealthy seem to have the knack of knowing where, and how to invest, in order to both preserve and grow their wealth. How do they do it? And how has their wealth really grown?
In this seminar, which is sponsored and hosted by RBC, speakers from RBC Wealth Management and Capgemini will help us examine the key trends - starting globally, then narrowing their focus to Asia and specific Asian countries. Join experts from both firms, including both seasoned researchers as well as industry practitioners, in delving into the investment trends of the wealthy in Asia Pacific to understand where wealth has grown, where it is being invested, and what kinds of instruments are being employed.
About the Speakers:
Managing Director and Head of North Asia
RBC Wealth Management
Michael Yong-Haron is the Managing Director and Head of Royal Bank of Canada's Wealth Management business in North Asia. He joined RBC in March 2014 with a mandate to grow the firm’s private banking, brokerage and futures businesses in the region. Based in Hong Kong, he is a member of the Asia and Emerging Markets Operating Committees and reports directly to Barend Janssens, Head of Wealth Management Emerging Markets.
Prior to RBC Wealth Management, Mr Yong-Haron was a Managing Director and Sector Head at Credit Suisse where he worked for ten years. Driving Credit Suisse's Greater China franchise, he led several teams of private bankers and investment professionals covering core and ultra high-net worth families in Hong Kong, China, Taiwan, Macau and International clientele. A career private banker, Mr Yong-Haron has been working in the wealth management industry since 1997 in Hong Kong, Geneva and Paris. He started his banking career at Credit Agricole Indosuez where he worked for seven years.
Mr Yong-Haron holds an MBA from the Kellogg School of Management and Hong Kong University of Science and Technology. He received his undergraduate degree (First Class Honours) in Economics and Law from the University of Wales in the United Kingdom. He is also a CFA charter holder and an active CFA volunteer in Charlottesville and Hong Kong.
David P. Wilson
Head of Strategic Analysis Group
Capgemini Financial Services
David Wilson is Head of the Strategic Analysis Group, for Capgemini’s Financial Services Global Business Unit. David has professional services and financial services experience spanning the areas of strategic research and analysis, management consulting, and marketing. He focuses on wealth management and in addition to client engagements, has co-authored leading reports such as the Capgemini RBC Wealth Management World Wealth Report, the Capgemini RBC Wealth ManagementAsia-Pacific Wealth Report, and the Capgemini U.S. Wealth Report.
Previously, David was a strategy consultant for Capgemini Consulting’s Strategy and Transformation practice where he worked on projects across a variety of sectors. Prior to joining Capgemini in 2007, David worked for the U.S. wealth management divisions of UBS Wealth Management and Merrill Lynch Global Private Client Group.
David was born in Sheffield, England and graduated with degrees in economics and French from universities in the USA and France. In addition, he played professional basketball in Toulouse, France.