GTS Client Advisory Board - · PDF fileGTS Client Advisory Board For Investment Managers in Asia Pacific 23 March, 2012 | 50/F, Boardroom, Citibank Tower, Citibank Plaza, Hong Kong

GTS Client Advisory Board For Investment Managers in Asia Pacific

23 March, 2012 | 50/F, Boardroom, Citibank Tower, Citibank Plaza, Hong Kong

Welcome

Welcome!Congratulations on being part of a distinguished group of senior executives from some of the world’s leading investment management firms as a member of Citi’s Global Transaction Services (GTS) Client Advisory Board for Investment Managers in Asia Pacific. It gives me great pleasure to welcome you and to thank you for your participation.

Citi’s GTS Client Advisory Board meeting was introduced to Asia Pacific clients in 2011. Following the success of the inaugural meeting, 2012 continues to bring together our most valued strategic clients with Citi’s innovation experts and business seniors in an interactive and engaging forum.

We hope this year’s meeting will offer more thought-provoking roundtable discussions on the ever-changing market trends and opportunities, as well as industry developments and insights from Citi’s executive management team and informational briefings by industry experts in an informal setting. As an exclusive member of our Client Advisory Board, we aim to offer you a platform to meet and interact with a community of peers who share similar concerns, interests and challenges in open conversations.

My team looks forward to engaging you in a dialogue to discuss how we can decipher trends, address challenges, grasp opportunities and achieve success together in this evolving financial landscape. Most importantly, we want to hear your candid feedback – the advice, insights and guidance only you can provide.

Please enjoy this event – we appreciate your time and valuable contribution. We also hope you will find the opportunity to engage and exchange ideas and experiences with your peers and Citi’s representatives insightful and rewarding.

David Russell

Regional Head, Asia Pacific Securities and Fund Services Global Transaction Services, Citi

Table of ContentsAgenda ………………………………………………………………………………………………………………………………………………………………………………………. 1

Board Member Biographies ……………………………………………………………………………………………………………………………………….. 2

Speakers……………………………………………………………………………………………………………………………………………………………………………….… 1 1

Agenda

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Friday 23 March 2012

12:45 – 14:00 Registration and Lunch

Featured Speaker: Christina Choi, Director, Investment Products Department, Hong Kong Securities and Futures Commission

14:15 – 14:30 Welcome to 2012 Client Advisory Board and Follow-Ups from 2011 Meeting

David Russell, Regional Head, Asia Pacific, Securities and Fund Services, Global Transaction Services, Citi

14:30 – 15:30 Open Dialogue: Citi Distribution Roundtable •HowdoesCitiapproachitsrelationshipswithfundhouses? •Fundsandfundhouseselection •DifferencesbetweentheConsumerandPrivateBank •OpportunitiesfornewfundcompaniesarrivinginAsia

Paul Hodes, Head of Tradtional Managed Investment Products and Consumer Bank Wealth Management, Asia Pacific, Citibank, N.A. Roger Bacon, Head of Managed Investments and Advisory, Asia Pacific, Citi Private Bank Stewart Aldcroft, Senior Advisor, Investor Services, Asia Pacific, Securities and Fund Services, Global Transaction Services, Citi (Moderator)

15:30–15:45 CoffeeBreak

15:45 – 16:30 China Insight •Citi’sgrowthstrategyforChina •Experiencesinmanagingregulatoryandlicensingissues

Andrew Au, Chief Executive Officer, Citi China Cheeping Yap, Head of Fund Services, Asia, Securities and Fund Services, Global Transaction Services, Citi (Moderator)

16:30 – 17:30 Advisory Council: Citi’s Securities and Fund Services Business Priorities •OverviewandfeedbackonCiti’supcomingproductinnovationsand2012strategicinitiativesin

theSecuritiesandFundServicesarea •Discussiononhowfuturetrendscouldinfluencethedevelopmentofservicestoenablefund

housestoachievesustainablecompetitivenessinthemarketplace

David Russell, Regional Head, Asia Pacific, Securities and Fund Services, Global Transaction Services , Citi

17:30onwards CocktailsandTransfertoHongKongStadiumfortheSevens

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Board Member BiographiesALLIANZGLOBALINVESTORSASIAPACIFICDouglas EuChiefExecutiveOfficer

BANKCONSORTIUMTRUSTCO.LTD.BCTFINANCIALLIMITEDKa Shi LauManagingDirectorChiefExecutiveOfficer

BLACKROCKNick Good ManagingDirector,BlackRockHeadofAsiaPacific,iShares

EASTSPRINGINVESTMENTSGraham MasonChiefExecutiveOfficer

FIDELITYWORLDWIDEINVESTMENTArne LindmanChiefExecutiveOfficer,AsiaPacific

FIRSTSTATEINVESTMENTSMichael StapletonRegionalManagingDirector,AsiaandJapan

FRANKLINTEMPLETONINVESTMENTSHONGKONGDavid ChangRegionalHead,GreaterChina

GOLDMANSACHSASSETMANAGEMENTOliver BolithoHeadofAsiaPacific

HARVESTGLOBALINVESTMENTSLIMITEDPeng-Wah ChoyViceChairmanBoardofDirectorsChiefExecutiveOfficer

INVESCOASIAPACIFIC Andrew LoSeniorManagingDirectorChiefExecutiveOfficer

MIRAEASSETGLOBALINVESTMENTS(HONGKONG)Woong Park, CFAChiefExecutiveOfficer

NIKKOASSETMANAGEMENTGROUPBlair PickerellHeadofAsiaGlobalChiefMarketingOfficer

PINEBRIDGEINVESTMENTSRajeev MittalManagingDirector,ChiefExecutiveOfficer,(Asiaex-Japan)HeadofEmergingMarketsandInternationalFixedIncome

SCHRODERINVESTMENTMANAGEMENT(HONGKONG)Lieven DebruyneChiefExecutiveOfficer,HongKongRegionalHeadofIntermediaryBusiness,Asia

Chris Ryan

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DouglasEujoinedAllianzGlobalInvestorsin2006andisresponsibleforthebusinessinAsiaPacific.HeisalsoamemberoftheAllianzGlobalInvestorsExecutiveCommittee.DouglasjoinedAllianzGlobalInvestorsfromJFAssetManagement,wherehespentatotalof19years.

StartingoutasaHongKongequityanalyst,Douglaswasappointedinvestmentmanagerin1991,initiallyfocusingonIndonesianequitiesbeforebecomingthemarketspecialistforGreaterChinain1992.

In1997,hemovedintobusinessmanagementwithresponsibilityforsomeregionalAsianbusinesses.

PriortojoiningAllianzGlobalInvestors,DouglaswasChiefExecutiveofJFFundsLimited,afundsmanagementsubsidiaryofJFAssetManagement.DouglaspossessesanA.B.inEconomicsfromVassarCollege,NewYork,andanM.Sc.inBusinessStudiesfromLondonBusinessSchool.HewasappointedmemberoftheAdvisoryCommitteeoftheSecuritiesandFuturesCommission(SFC)inJune2007.

KaShiLauisManagingDirectorandCEOofBCT,amajorproviderofretirementplansandpension/fundservices,andaleadingthirdpartytrustee/administratortopensionplansandglobalinvestmentfundsinHongKong.GraduatedfromCornellUniversity,USA,withanMBA,KaShipossessesextensivebankingandfinanceexperienceinbothHongKongandNewYorkCityininvestmentbanking;projectfinance;globalinvestment,trustandcustodyservices;riskmanagementandcompliance;bankingandsecuritiesoperations.

ApartfromhercurrentroleasChairmanoftheHongKongTrustees’Association,sheservesonstatutory/advisoryandprofessionalbodiesincludingtheMandatoryProvidentFundSchemesAuthority,SecuritiesandFuturesCommission,HospitalAuthority,MinimumWageCommission,HongKongRetirementSchemesAssociation,HongKongInstituteofDirector(HKIoD)andtheEducationBureau.SheisalsoanInvestmentPromotionAmbassadorofInvestHK.

ThefirstwomantoreceiveaDirectoroftheYearAwardinthe“PrivateCompanies,ExecutiveDirector”categoryfromtheHKIoD,KaShiwasnamed“ProfessionaloftheYear”intheWomenofInfluenceAwards2010jointlyorganizedbytheAmericanChamberofCommerceinHongKongandSouth China Morning Post.

Allianz Global Investors Asia Pacific

Douglas EuChiefExecutiveOfficer

Bank Consortium Trust Co. Ltd. / BCT Financial Limited

Ka Shi LauManagingDirectorChiefExecutiveOfficer

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NickGood,ManagingDirectorofBlackRock,isHeadofiShares,AsiaPacific.NickisresponsiblefortheiSharesbusinessacrossAsia,includingofficesinJapan,Australia,HongKongandSingaporeandbusinessfunctionscoveringsales,marketing,capitalmarkets,productdevelopment,businessstrategyandbusinessoperations.HeisamemberoftheAsiaPacificExecutiveCommitteeandamemberoftheGlobaliSharesExecutiveCommittee.

Nick’sservicewiththefirmdatesbackto2006,includinghisyearswithBarclaysGlobalInvestors(BGI),whichmergedwithBlackRockin2009.AtBGI,NickwasCEOofiShares,AsiaPacific.Priortotakingthisrole,NickwasManagingDirector,StrategyandPlanningforiSharesandtheinstitutionalandmarketsgroupglobally.

BeforejoiningBGI,NickwasaleadclientmanagerattheBostonConsultingGroupbasedinSanFrancisco,whereheconsultedtoclientsinFinancialServicesandarangeofotherindustriesglobally.NickisagraduateofOxfordUniversity,wherehestudiedbiochemistry.

GrahamMasonisChiefExecutiveOfficerofEastspringInvestments,theassetmanagementbusinessofPrudentialCorporationAsia.Hechairsthecompany’sExecutiveCommitteeandisalsoamemberofPrudentialCorporationAsia’sBoardofDirectors.HeisresponsibleforoverseeinganddrivinggrowthacrossEastspringInvestments’tenmarketsinAsia.ThisincludesjointventurebusinesseswithmajorpartnersinChina,IndiaandHongKong.

Heoverseesthemanagementofabout$80billioninassetsundermanagement(asat30September2011)forretailandinstitutionalinvestors.

Grahamisanindustryveteranwithalonganddistinguishedtrackrecordininternationalinvestmentmanagement.Hehasover25yearsofassetmanagementexperience,20ofwhichhavebeenwithPrudentialplc’sassetmanagementbusinesses–M&G,PrudentialAssetManagementandEastspringInvestments–innumerousmarkets.

BlackRock

Nick GoodManagingDirector,BlackRockHeadofAsiaPacific,iShares

Eastspring Investments

Graham MasonChiefExecutiveOfficer

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ArneLindmanjoinedFidelityWorldwideInvestmentinApril2010asCEO,AsiaPacific,locatedinHongKong.HereportstothePresidentofFinancialServices,ThomasBalk.ArneisamemberoftheGlobalOperatingCommittee(GOC)andChairmanoftheAsiaOperatingCommittee(AOC).

AsCEOoftheregion,heisresponsiblefor1,000employeeslocatedinAustralia,HongKong,India,Japan,Korea,Singapore,TaiwanandChina.

PriortojoiningFidelityWorldwideInvestment,ArnewasatPrudential(UK)wherehewasChiefExecutiveoftheirAsiafundsmanagementbusiness.Inthisrole,hewasresponsibleforassetmanagementoperationsacross10countriesincludingJapan,China,IndiaandseveralmarketsinSouth-EastAsiaandtheMiddleEast,representingUS$74billionassetsundermanagement.

PriortohisroleatPrudential,hewasCEOAsiaPacificatABNAMROAssetManagementwithresponsibilityfortheiroperationsacross10countriesintheregion.BeforecomingtoAsia,ArnewastheCEOofAlfredBergAssetManagement,awhollyownedsubsidiaryofABNAMROwhereheheldarangeofpositionsincludingportfoliomanagerandChiefInvestmentOfficerofInternationalEquities.

Arnehasover20yearsexperienceintheassetmanagementsector,includingsixyearsasaportfoliomanager,andhasworkedinEurope,London,NewYorkandacrossAsiasince2004.

MichaelStapletonistheRegionalManagingDirector,AsiaandJapanforFirstStateInvestments(‘FSI’).

Inhisrole,MichaeloverseesthebusinessdevelopmentfortheAsiaandJapanoperationsincludingtheday-to-dayoperationsofthefunctionalunits.

Michaelhasbeenwiththeglobalbusinessforover14yearsandhasworkedintheinstitutionalbusinessinAustraliaandpreviouslyheldthepositionofHeadofBusinessDevelopmentintheUK.

PriortojoiningFSIin1998,MichaelcommencedhiscareeratJPMorganInvestmentsinAustraliaasamemberoftheInstitutionalBusinessTeam.

MichaelholdsaBachelorofEconomicsfromMonashUniversityinMelbourneandisaCFAcharterholder.

Fidelity Worldwide Investment

Arne LindmanChiefExecutiveOfficer,AsiaPacific

First State Investments

Michael StapletonRegionalManagingDirector, AsiaandJapan

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DavidChangjoinedFranklinTempletonInvestmentsasdirectorofInstitutionalMarketinginJuly2000,coveringtheAsiaregion.SubsequenttoFranklinTempleton’sacquisitionofFiduciaryTrust,DavidworkedcloselywiththeexpandedteambuildinguptheinstitutionalbusinessinAsia.

In2002,DavidwasappointedasheadofSalesandMarketingHongKongwithresponsibilityforoverseeingFranklinTempleton’sretailbusiness.In2004,David’sroleexpandedtoalsocoverFranklinTempleton’sTaiwanbusiness.DavidwaspromotedtocountryheadofHongKonginApril2005andseniordirectorinOctober2006.In2007,hehastakenuptheroleofregionalhead(GreaterChina).HeisadirectorofFranklinTempletonInvestments(Asia)Limited,FranklinTempletonSealandFundManagementCoLtd(ShanghaiJV)andwasanexecutivecommitteememberoftheHongKongInvestmentsAssociation.

PriortojoiningFranklinTempleton,DavidhadroleswithDeutscheBankandHSBCasavicepresidentinHongKongandtheANZBankinSydney.

Davidholdsabachelor’sdegreeinfinancefromGeorgetownUniversityandamasterdegreeineducationfromtheOpenUniversityHongKong.HealsovolunteersasasupervisorataschoolformentallychallengedinHongKongandservesasamentorattheHongKongUniversityofScienceandTechnology.

OliverBolithoisheadofGoldmanSachsAssetManagement(GSAM)inAsiaPacificandisamemberoftheAsiaPacificManagementCommittee.From2007to2009,hewasresponsiblefortheGSAMbusinessinAsiaPacificex-Japan.PriortomovingtoAsia,OliverwasheadofGSAM’sUKandIrishbusinessfrom2001to2006.HejoinedGoldmanSachsin1998andwasnamedmanagingdirectorin2003andpartnerin2008.

Priortojoiningthefirm,Oliverwasaco-founderoftheBrandConsultancy,agroupfocusedonimprovingthefinancialefficiencyofmarketing.HebeganhiscareerwithBain&Company,theUSstrategyconsultancy.

OliverservesontheInvestmentBoardoftheMedicalProtectionSociety,amutualinsurerfocusedontheglobalcommunityofmedicalpractitioners,andtheInvestmentCommitteeofComicRelief,acharityfocusedonhealthandwelfareprojectsintheUnitedKingdomandAfrica.

Franklin Templeton Investments Hong Kong

David ChangRegionalHead,GreaterChina

Goldman Sachs Asset Management

Oliver BolithoHeadofAsiaPacific

ChoyPeng-WahistheViceChairman,BoardofDirectorsandChiefExecutiveOfficerofHarvestGlobalInvestmentsLtd.

PriortojoiningHarvestGlobalInvestmentsLtd,Peng-WahwastheDeputyChiefExecutiveOfficerofFullertonFundManagementCompanyLtd.PriortohisroleatFullerton,Peng-WahwasRegionalHead,SalesandDistributionforPrudential’sfundmanagementbusinessinAsiaand,beforethat,for7years,theChiefExecutiveOfficeratDeutscheAssetManagementAsia,ex-Japan,basedinSingapore.Duringhistime,hewasresponsibleforDeutsche’sexpansionintoSouthKorea,IndiaandChina.

Peng-WahstartedhiscareeratCitibankSingaporeasanexecutivetraineeandhasworkedinCitibank’sofficesinNewYorkandHongKonginavarietyofcapacities.

Peng-WahgraduatedfromMcGillUniversityinCanadawithaMastersinBusinessAdministrationin1983.

AndrewLojoinedInvescoAsiaLtd.,asubsidiaryofInvescoLtd,asManagingDirectorin1994andwasappointedChiefExecutiveforAsiain1998.In2001,hebecameCEOfortheAsiaPacificregion,responsibleforInvesco’soperationsinAustralia,GreaterChina(coveringChina,HongKongandTaiwan),SingaporeandJapan.HeisamemberofInvescoLtdExecutiveManagementCommittee.

Between1997and2001,AndrewservedasamemberoftheAdvisoryCommitteetotheSecuritiesandFuturesCommissioninHongKong.HewasalsoapastmemberoftheCounciltotheStockExchangeofHongKongbetween1997and2000,andfrom1996to1997hewastheChairmanoftheHongKongInvestmentFundsAssociation.

AndrewbeganhiscareerwithChaseManhattanBankasacreditanalystandultimatelybecamesecondVicePresidentoftheTradingandSecuritiesGroup.In1988,AndrewjoinedCiticorpasVicePresidentofthebank’sInvestmentManagementGroup.Between1990andearly1994,hewastheManagingDirectorofCapitalHouseAsia,responsibleforthecompany’soperationsinHongKong.

AndrewhasaBachelorofSciencedegreeinStatisticsandaMasterofBusinessAdministrationdegreefromBabsonCollegeintheU.S.

Harvest Global Investments Limited

Peng-Wah ChoyViceChairmanBoardofDirectorsChiefExecutiveOfficer

Invesco Asia Pacific

Andrew LoSeniorManagingDirectorChiefExecutiveOfficer

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WoongParkhasbeenappointedCEOofMiraeAssetGlobalInvestments(HK)asofJanuary2011.MiraeAssetGlobalInvestments(HK)currentlyactsasthemainmanufacturingcenterforMiraeAsset’sAsiaPacificandChinainvestmentsfunds,withmorethanUSD8billionofassetsundermanagement(asofend2010).

InadditiontohisroleasCEO,WoongalsooverseesallmarketingoperationsacrosstheAsiaPacificandEMEAregion,whichincludesMiraeAsset’sLuxembourg-domiciledSICAVfundsthatwerelaunchedin2008.

Sincejoiningthefirmin2010asInternationalCMO,Woongsuccessfullyguidedthecompanytobeingselectedastheexternalmanager(advisor)foroverseasequityatsomeofKorea’slargestinstitutionalinvestorsincludingKoreaPostandKIC,Korea’ssovereignwealthfund.Underhisleadership,MiraeAssetalsosuccessfullycollaboratedwithDaiwaAssetManagementofJapantolaunchJapan’slargestemergingmarketsequitysingle-countryfundinvestinginKoreaintermsofAUM(Source:DaiwaMiraeAssetKoreanEquityFund,MorningStar,February2011).

PriortojoiningMiraeAssetinFebruaryof2010,Woongenjoyedstintsatmajorinvestmenthousesacrosskeyfinancialcapitalsaroundtheworld,includingNewYork,London,HongKongandSingapore.HewaspreviouslyatWooriInvestmentandSecuritiesasHeadofEquityandHeadofOverseasBusiness,leadingthecompany’sinternationalsalesandoverseasbusinessefforts.BeforeWooriI&S,WoongworkedatMorganStanleySeoulasHeadofResearchandasastrategist.HealsoworkedatMerrillLynchInvestmentManagers(MLIM)asanAsiaPacificportfoliomanagerfromSingaporeandLondon.Additionally,hehasmanagedKoreacountryfundsinbothNewYorkandHongKong.

WoongearnedhisMaster’sdegreeinEconomicsfromYonseiUniversityinKoreaandanMBAfromtheUniversityofNotreDameintheUS.HeisaCFAcharterholder.

Mirae Asset Global Investments (Hong Kong)

Woong Park, CFAChiefExecutiveOfficer

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BlairPickerellisHeadofAsiaandGlobalChiefMarketingOfficerfortheNikkoAssetManagementGroup.BasedinHongKong,BlairisresponsiblefordevelopingandoverseeingNikkoAM’sbusinessesintheAsianregionandforimplementingitsbrandingstrategyworldwide.

BlairfirstbecameinvolvedintheAsianinvestmentmanagementindustry26yearsagoandhasbeenwidelyrecognizedforhispioneeringroleindevelopingtheAsianmutualfundsbusinessduringthattime.PriortojoiningNikkoAMGroup,heservedforthreeyearsasCEO,AsiaforMorganStanleyInvestmentManagement,overseeingMSIM’sinvestmentmanagementofficesinHongKong,Japan,Singapore,China,India,Australia,andKorea.Priortothis,heservedasChiefExecutive,AsiaPacificforHSBCAssetManagementandasChairmanofJardineFlemingUnitTrusts.HealsoservedforfouryearsastheManagingDirectorofJardinePacificLtd.andfortwoyearsasDevelopmentDirectorofMandarinOrientalHotelGroup.

BlairreceivedhisBA(withHonorsandwithDistinction)andMAfromStanfordUniversityandhisMBAfromHarvardBusinessSchool.HeisfluentinMandarinChinese.

RajeevMittal,inhisroleasCEOforAsiaex-Japan,isresponsibleforimplementingPineBridge’sdynamicgrowthstrategyacrosstheAsiaPacificregionwherePineBridgehasalonghistoryofservicingbothinstitutionalandretailclients.PriortotakingonhisexpandedroleinAsiaandrelocatingtoHongKongfromLondonearlyin2011,RajeevwasCEOforPineBridgeInvestmentsinEurope.

RajeevisalsoHeadofEmergingMarketsandInternationalFixedIncome,overseeingallaspectsofportfoliomanagement,researchandtradingofemergingmarketstrategiesinhardandlocalcurrenciesandcreditdefaultswaps.Heisamemberofthefirm’sManagementCommittee,amemberoftheFixedIncomeAssetAllocationTeamandalsorepresentsfixedincomeintheGlobalAssetAllocationCommitteemeetings.

Sincejoiningthefirmin1992,Rajeev’sresponsibilitieshaveincludedportfoliomanagementofsinglecurrencyU.S.Dollar,Sterling,andIrishPuntportfolios,aswellasglobalbondportfolios.HebecameHeadofInternationalFixedIncomeinMarch2009,overseeingGlobalSovereignstrategiesandvariouscountryspecificstrategiesfocusedinAsia.HereceivedaBSc(Hons)inMathematicsandStatisticsfromtheUniversityofBradford.

PineBridge Investments

Rajeev MittalManagingDirector, ChiefExecutiveOfficer,PineBridgeInvestmentsAsiaLimited(Asiaex-Japan)HeadofEmergingMarketsandInternationalFixedIncome

Nikko Asset Management Group

Blair PickerellHeadofAsiaGlobalChiefMarketingOfficer

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LievenDebruyneisChiefExecutiveofSchroderInvestmentManagement(HongKong)andRegionalHeadofIntermediaryBusinessforAsia.

Hestartedhisinvestmentcareerin1993withMeesPiersonCapitalManagementintheUnitedStates.Duringhisseven-yeartenurewithMeesPierson,LievenservedasAsianFundManagerinHongKongandwaslaterpromotedtoChiefInvestmentOfficer;healsoworkedinParisforthesamefirm,whichwasrebrandedasFortisInvestments.HejoinedSchrodersinLondonin2000asHeadofAsianProductandBusinessDevelopmentandrelocatedtoHongKongagainin2005.

LievenholdsaMasterofScienceinEconomicsfromErasmusUniversityinRotterdam,TheNetherlands.HeisanAdjunctProfessor,FacultyofBusinessAdministrationatTheChineseUniversityofHongKong.LievenisalsoamemberoftheFinancialServicesAdvisoryCommitteeofTheHongKongTradeDevelopmentCouncil,theCorporateAdvisoryCouncilofTheHongKongSecuritiesInstituteandtheExecutiveCommitteeofTheHongKongInvestmentFundsAssociation.

ChrisRyanwaspreviouslytheCEOandManagingDirectorforPerpetualLimited,alistedAustralianinvestment,adviceandtrusteebusiness.PriortojoiningPerpetualin2011,ChriswasaSeniorAdvisorandManagingDirectorwithCitibank’sGlobalTransactionServices.

Chris’scareerincludedover30yearsoffinancialservicesexperienceintheAsiaPacificregion.Heledtheregionalassetmanagementbusinessesofthreeoftheindustry’smajorinternationalplayers:HSBC,INGInvestmentManagementandFidelityInternational.WhileservingasCEOofINGInvestmentManagementAsiaPacific,Chriswasresponsibleforthefirm’soperationsin13locationsacrossAsia.ThisincludedINGInvestmentManagementAustralia,withoverUS$30billioninassetsundermanagement.

Chris Ryan

Schroder Investment Management (Hong Kong)

Lieven DebruyneChiefExecutiveOfficer,HongKongRegionalHeadofIntermediaryBusiness,Asia

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SpeakersAndrew AuChiefExecutiveOfficerCitiChina

Cheeping YapHeadofFundServices,AsiaSecuritiesandFundServicesGlobalTransactionServices,Citi

Christina ChoiDirector,InvestmentProductsDepartmentHongKongSecuritiesandFuturesCommission

David RussellRegionalHead,AsiaPacificSecuritiesandFundServicesGlobalTransactionServices,Citi

Dirk JonesGlobalHead,FinancialInstitutionsClientandSalesManagementGlobalTransactionServices,Citi

Harle MossmanRegionalHead,InvestorClientSalesManagement, AsiaPacific,SecuritiesandFundServicesGlobalTransactionServices,Citi

Kamal JanduRegionalHead,ClientExecutiveAsiaPacific,SecuritiesandFundServicesGlobalTransactionServices,Citi

Paul HodesHeadofTraditionalManagedInvestmentProductsandConsumerBankWealthManagementAsiaPacific,Citibank,N.A.

Roger Bacon HeadofManagedInvestmentsandAdvisory AsiaPacific,CitiPrivateBank

Stewart AldcroftSeniorAdvisor,InvestorServices,AsiaPacificSecuritiesandFundServicesGlobalTransactionServices,Citi

AndrewAuisChiefExecutiveOfficerofCitiinthePeople’sRepublicofChina,andisresponsiblefortheperformanceofCiti’sbusinessesinChina.AndrewhasheldhiscurrentpositionsinceMay2008,andisbasedinShanghai.

AndrewwaspreviouslyRegionalHeadofCommercialBanking,CitiAsiaPacific.AppointedtothisroleSeptember2005,Andrewwasresponsibleforthebuild-outofCiti’scommercialbankingbusinessintheregion,includingitssignificantexpansioninChinaandIndiaandentryintotheIndonesianmarket.InApril2007,hismanagementresponsibilitywasfurtherexpandedtoincludethesubsidiariesofallmultinationalcorporationsacrosstheAsiaPacificregion.

AndrewjoinedCitiinHongKongin1984,andsubsequentlyworkedinarangeofareas,includingrelationshipmanagement,securitiesservices,loansyndicationandassetmanagement.In1997,hetransferredtoLondoninaseniorriskmanagementrolethatencompassedCentralandEasternEurope,MiddleEast,AfricaandtheIndianSubcontinent.HewasappointedasSeniorCreditOfficerin1998.In2000AndrewbecametheCorporateBankingHeadforCitiinThailand.In2002,hewasappointedCitiCountryOfficerforNewZealand,basedinAuckland.InAugust2003,hereturnedtoHongKongtobecomeCiti’sRegionalTradeHead,AsiaPacific.

InadditiontohisroleasChiefExecutiveOfficerofCitiChina,AndrewisalsoChairmanofCitibank(China)Co.Ltd.,Citi’slocallyincorporatedbankinChina.

AndrewisanativeofHongKong.HeholdsaB.A.(Hons)fromUniversityofWesternOntarioinCanada.

Cheeping(CP)YapisHeadofFundServices,Asia–whereheisresponsiblefordrivingandmonitoringthefundservicesbusinessofCitiSecuritiesandFundServicesinAsia(ex-Australia).PriortotakinguphisroleastheHeadofFundServicesinAsia,CPwasHeadofSecuritiesandFundServicesHongKong,wherehespearheadedtheefforttobuildarobusttrusteeandfundservicesbusiness,leadingCiti’sexpansionintonewbusinessareas,suchasexchangetradedfunds(ETFs)andCaymanunittrust.

PriortojoiningCitiinDecember2006,CPwasHeadofStrategicPlanningforCorporateandInvestmentBankatDBSBankinHongKong.PriortohistenurewithDBS,heworkedatMcKinsey&Co.onavarietyofconsultingprojectsinChina,TaiwanandKorea.CPstartedhisbankingcareerasaFXswaptraderforStandardCharteredBankinLondonin1996andhassinceworkedwithseveralbankinginstitutionsandprofessionalservicesfirmsinLondon,SouthAfrica,Singapore,MalaysiaandHongKong.

CPhasextensiveexperiencetransformingstate-ownedenterprisesinChina,whereheledtheHongKongIPOoftheChinese-ownedbankinHongKongthroughamergerofthirteenbanks.HesubsequentlyledtheIPOpreparationeffortfortwoothermajorChinesestate-ownedbanksinBeijing,wherehehadtoworkextensivelywithbankingregulatorsandseniorbankingexecutivestoputinplacecorporategovernancestructure,riskmanagementinfrastructureandbusinessstrategy.

CPhasabachelor’sDegreefromtheUniversityofWashingtonandanMBAdegreefromImperialCollege,London.

Cheeping Yap

HeadofFundServices,AsiaSecuritiesandFundServicesGlobalTransactionServices,Citi

Andrew Au

ChiefExecutiveOfficerCitiChina

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ChristinaChoiisDirectoroftheInvestmentProductsDepartmentoftheHongKongSecuritiesandFuturesCommission(SFC).TheDepartmentisresponsiblefortheauthorizationandon-goingregulationofcollectiveinvestmentschemes(unittrusts,mutualfunds,REITs,hedgefunds,exchangetradedfunds,etc.)thatareofferedtotheHongKongpublic.

ChristinaisamemberoftheSFCProductsAdvisoryCommitteeandCommitteeonRealEstateInvestmentTrusts.SheisalsooneoftheSFCseniorrepresentativessittingontheCSRCQDIIproductexpertscommittee.

BeforejoiningtheSFC,ChristinawasaPartneroftheCorporateGroupoftheinternationallawfirmCliffordChance.

DavidRussellisRegionalHeadofCiti’sSecuritiesandFundServicesbusinessinAsiaPacific,withresponsibilityforstrategy,productdevelopmentandmanagementandclientandsalesmanagementforinstitutionalclients.

DavidisresponsibleforleadingthesalesandaccountmanagementofCiti’stransactionservicesinAsiaPacificfortheInvestorsector(suchasassetmanagers,hedgefunds,privateequity,insurance,pensionsandthepublicsector),theIntermediariessector(includingbrokerdealers,universalbanks,andinfrastructure)andtheIssuersector(whichincludesagencyandtrustanddepositaryreceiptsforcorporateandinstitutionalclients).

BasedinHongKong,DavidmanagesCiti’sSecuritiesandFundServicesproductsuiteacrosstheregion,includingdirectcustodyandclearing,globalcustody,fundadministrationfortraditionalandalternativeinvestments,securitiesfinance,depositaryreceiptsandcorporateagencyandtrust.

In2010,Davidwasco-namedAsianInvestor’s“CustodyBankeroftheYear”,wherehewasrecognizedfor“avisionthatnotonlyadvancesCiti’sinterests,butishelpingtheindustryatlarge”.In2011,DavidwasalsorecognizedbyAsia Asset Managementasits“CustodianLeaderoftheYear”forthe“keyrolehehasplayedindevelopingthecompany’sstrongleadershippositioninAsiaandthesuccessofitsGlobalTransactionServicesbusinessintheregion”.

PriortojoiningCitiin2001,DavidworkedforNomuraSecuritiesinHongKongforthreeyearsasManagingDirectorofDebtCapitalMarkets;andDaiwaSecuritiesinEquityMarketsinHongKong.DavidholdsaBSc(dualhonors)inAccountancyandEconomicsfromUniversityofLeeds,UnitedKingdom

David Russell

RegionalHead,AsiaPacificSecuritiesandFundServicesGlobalTransactionServices,Citi

Christina Choi

Director, InvestmentProductsDepartmentHongKongSecuritiesandFuturesCommission

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DirkJonesisGlobalHeadofFinancialInstitutions,ClientandSalesManagementofGlobalTransactionServices.

HehasresponsibilityforclientandsalesmanagementteamsinEurope,America,Canada,LatinAmericaandAsia.DirkistheseniorclientrepresentativeinrespectofCiti’sfullrangeofGlobalTransactionServicesandmanagesthesalesandclientmanagementstrategies,drivesnewbusinessdevelopmentandclientaccountmanagementacrosseachregion.

DirkhasbeenwithCitifor12years,wherehehasestablishedsalesorganizationsacrosstheglobeandhashelpeddrivethoseteamstoproducerecordresults.

HarleMossmanisRegionalHeadofInvestorClientSalesManagementandisresponsiblefortheInvestorindustryrelationshipmanagementandsalesacrosstheAsiaPacificregionwithinCiti’sGlobalTransactionServices.

Underthisremit,HarlemanagesAsiansecuritiesandfundsbusinessacrossthepension,insurance,fundsmanagement,sovereignwealth,centralbankandalternativesectorsandisresponsibleforsalesandrelationshipteamscoveringAustralia,Bangladesh,China,HongKong,India,Indonesia,Japan,Korea,Malaysia,NewZealand,Philippines,Singapore,SriLanka,Taiwan,ThailandandVietnam.

HarlejoinedCitiinHongKonginAugust2001aftertenyearsexperiencewithinthesecuritiesservicesbusiness,wherehegainedanin-depthunderstandingofthecustodialandoverallsecuritiesindustry.

HarlestudiedattheUniversityofCanberra,AustraliaandspentanumberofyearsinthefinanceindustryinbothSydneyandLondonpriortorelocatingtoHongKongwherehenowliveswithhiswifeandtwosmallchildren.

Dirk Jones

GlobalHead,FinancialInstitutionsClientandSalesManagementGlobalTransactionServices,Citi

Harle Mossman

RegionalHead, InvestorClientSalesManagement,AsiaPacific SecuritiesandFundServicesGlobalTransactionServices,Citi

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KamalJanduistheAsiaHeadofClientExecutiveintheSecuritiesandFundServicesGroupoftheGlobalTransactionServicesDivision,basedinHongKong.Inthatcapacity,heisresponsibleforRelationshipManagementofSecuritiesServicestotheInvestmentandIntermediaryindustriesinAsiaPacific.

Priortothis,hewasaSeniorBankerinCiti’sGlobalBankingDivisionandHeadoftheInvestmentindustryincludingmutualfund,insurance,pensionfund,hedgefundandprivateequityclientsinAsiaforCorporateBankingproducts.HehasalsoheldvariousrolesintheGlobalRelationshipBankandGlobalTransactionServicescoveringfinancialinstitutionsclientsinEuropeandMiddleEast,basedinLondon.

KamalisaCreditOfficerandhas22yearsbankingexperience.HejoinedCitiaftergraduatingfromCityUniversity,London.

PaulHodeshas25yearsexperienceinWealthManagementinbankingandinvestmentsworkingintheU.S.,Japan,EuropeandAsiaPacific.

SinceSeptember2010,PaulhasbeenbasedinSingaporeheadingTraditionalManagedInvestmentsProductsforCitiPrivateBankandConsumerBankinAsia.Inaddition,PaulheadsWealthManagementforCitibankAsiaConsumerBank.

Priortohiscurrentrole,PaulmanagedCitibankMalaysia’sRetailsBankwithoversightof100,000customers,includingWealthManagementServicesto30,000Citigoldcustomers.PaulwaselectedtotheBoardofGovernorsofFinancialPlannerAssociationofMalaysia(FPAM).

December2003toDecember2007,PaulwasbasedinSingaporeasCitibank’sAsiaPacificRegionalWealthManagementBusinessDevelopmentHeadmanagingbrokerage,portfoliofinance,andliabilityproductsacross13countries.

April2001toNovember2003,PaulwastheWealthManagementHeadforCitibankInternationalPersonalBankinginLondon,responsibleforoffshoreproductsandadvisorydistributedthoughthebusiness’sbranchesinUK,Luxembourg,SwitzerlandandMonaco.

FromJune1998toApril2001,PaulwastheInvestmentMarketingDirectorforCitibankJapanandamemberoftheteamthatlaunchedtheinvestmentsbusinessin1998.Paulbeganhiscareerin1985atMorganGuarantyTrust,London.Hespent11yearsatFidelityInvestmentsinBostonandTokyo,workinginanumberofsalesandmarketingroles.

Kamal Jandu

RegionalHead,ClientExecutiveAsiaPacific SecuritiesandFundServicesGlobalTransactionServices,Citi

Paul Hodes

HeadofTraditionalManagedInvestmentProductsand ConsumerBankWealthManagementAsiaPacific,Citibank,N.A.

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RogerBaconisHeadofManagedInvestments(MI)andAdvisoryforCitiPrivateBankforAsiaPacificex-Japan.BasedinHongKong,RogeroverseesallMIproductsales,TailoredPortfolioGroup(TPG)originationandsales,andregionalMIproductadministration.Heisalsoresponsibleforcoordinatingtheregionalactivitiesassociatedwithtraditionalfundsresearch,alternativesresearch,operationalduediligenceandTPGportfoliomanagementthroughamatrixreportingline.

Rogerhas19yearsofexperiencewithintheassetmanagementindustry.HespentthefirsttenyearsofhiscareerwithJ.P.MorganAssetManagementanditspredecessorcompaniesworkinginAsia,theUKandContinentalEurope,invariousrelationshipmanagement,equityanalysisandportfoliomanagementpositions.In2003,hejoinedaprominentUKFamilyOfficetosetupandmanageasubstantialmultiasset-classinvestmentprogram,comprisingmainlyequities,fixedincome,commodities,hedgefundsandprivateequity.In2004,hejoinedUBPwhere,asHeadofHedgeFundBusinessinLondon,hehelpedbuildamultibilliondollardiscretionaryandadvisorycustomizedhedgefundbusinesstargetingUHNWs,FamilyOffices,InstitutionsandSWFs.

RogerholdsanHonorsdegree,PostgraduatediplomaandMBAinInternationalFinancialServicesfromtheUniversityofLondon.HealsoholdstheInvestmentManagementCertificate,HKSIPractisingCertificatesinSecuritiesandAssetManagement,andHKSISpecialistCertificatesinSecuritiesandAssetManagement.HewasanauthorizedinvestmentmanagerandadvisorwiththeFinancialServicesAuthorityintheUKforover11years,andiscurrentlyregisteredwiththeHongKongMonetaryAuthorityasExecutiveOfficer,responsibleforsecuritiesdealing,securitiesadvisingandassetmanagement.

StewartAldcroftisSeniorAdvisorforCiti’sInvestorServicesbusinesswithinSecuritiesandFundServices.Inthisrole,heisresponsibleforassistingthebusinesstodevelopnewinitiativesandgrowitsclient-baseandreachacrossAsiaPacific,advisingclientsoutsideAsiaonaccessingtheregion.

Priortothis,StewartwasHeadofBusinessDevelopmentforbetaproductsforEnhancedInvestmentProducts(EIP),helpingtodevelopasuiteofETFsforassetmanagersbasedinHongKong.Hehashadalongcareerworkinginthebusinessdevelopmentandclientrelationshipsidefortraditional,hedge,structuredandalternativesfundshousesacrossAsia,includingthreeyearsasaRegionalDirectorwithHorizon21(previouslyNobleInvestments)andthreeyearswithInvestecAssetManagementAsiaasManagingDirector.

HisotherrolesincludeHeadofBusinessDevelopmentandMarketingforinvestmentservicesatStandardCharteredinHongKong,MarketingandSalesDirectoratFranklinTempletonInvestmentServicesAsia,ExecutiveDirectoratHSBCAssetManagementandAssociateDirector,SchrodersAsia.

Afrequentparticipantintheindustry,StewarthasovertheyearsheldvariousmembershipswiththeHongKongSecuritiesInstituteEducationandSeminarsCommittee,AIMAHongKongEducationCommitteeandChapterExecutiveCommittee,aswellastheHongKongInvestmentFundsAssociationExecutiveCommittee.

StewarthasbeenbasedinHongKongsince1985.HehasbeenafullmemberoftheHongKongSecuritiesInstitutesince1999andisaType9LicensedRepresentativeandType4ResponsibleOfficerundertheHongKongSecuritiesandFuturesCommission.

Roger Bacon

HeadofManagedInvestmentsandAdvisory,AsiaPacificCitiPrivateBank

Stewart Aldcroft

SeniorAdvisor,InvestorServicesAsiaPacific SecuritiesandFundServicesGlobalTransactionServices,Citi

Notes

Notes

Global Transaction Serviceswww.transactionservices.citi.com

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