What does it take for someone to put their capital at risk and entrust their funds to someone else to manage? The concept of trust lies at the heart of this question.


Topics: Fee Structures & DisclosuresEthics & IntegrityProfessional StandardsFinancial MarketsCapital InvestmentsFinancial RegulationShareholders & Bondholders

Hosted by CFA Institute

Overview

What does it take for someone to put their capital at risk and entrust their funds to someone else to manage? The concept of trust lies at the heart of this question.

Trust is a multi-layered concept, and it is essential to the proper functioning of capital markets. Without it, financial interactions would become more inefficient, costly, or cease. The CFA Institute Trust Equation identifies credibility and professionalism as two major components of trust. In earlier research on sales inducements, we have also highlighted how fees and commissions and disclosures may help mitigate conflicts of interest, and ensure a high level of investor protection. How are industry stakeholders reacting to these components and what are the main factors driving investors’ trust in APAC?

In the upcoming webinar, we will combine the major findings from our recent research studies on professionalizing financial advice, managing sales inducements and earning investors’ trust to discuss ways to build an industry that engenders trust. Key areas of focus include:

• Regulatory and industry practices around fees and commissions, as well as the duty of care owed to clients
• The role of technology and innovation in building robust relationships
• Industry responses to management, mitigation and elimination of conflict of interest
• Whose responsibility is it anyway? Investors vs advisors vs regulators

1 PL

CFA Institute members can claim PL credit by providing their CFA Institute ID number when registering.

About the Speaker(s)

Nick Pollard professional photograph
Nick Pollard

As managing director of Asia Pacific, Nick Pollard oversees operations of the region, including the organization’s two fastest growing markets – China and India. He is responsible for working with all CFA Institute stakeholders, increasing the number of candidates entering and moving through the organization’s credentialing programs, and promoting the ethics, advocacy, and professional development agendas of CFA Institute in the region. Mr. Pollard also leads our global Institutional Relations group, working with employers, universities, regulators, and other institutions to promote CFA Institute programs and professionalism within the industry. He is based in Hong Kong. Mr. Pollard is a seasoned wealth management and banking executive and skilled at growing businesses in Europe and Asia. He brings a unique combination of strategic leadership skills, as well as learning and professional development expertise. Prior to joining CFA Institute, Mr. Pollard was CEO of The Royal Bank of Scotland’s Coutts Asia division and, most recently, he was head of international learning and professional development for Coutts International. Mr. Pollard began his career with NatWest Group, subsequently part of the RBS Group, where he gained experience in marketing and talent development. He has lived and worked in the APAC region since 2009. Mr. Pollard holds a BA from University College London, and is a Member of the Private Wealth Management Association.

Daryl Liew
Daryl Liew CFA

Daryl Liew, CFA is CIO for REYL Singapore, a subsidiary of independent Swiss banking group REYL & CIE. Daryl is in charge of managing the investment portfolios for REYL's Singapore-based clients and providing Asian coverage for REYL & CIE's private banking investment team based in Geneva. Prior to REYL, Daryl was Chief Investment Strategist at Providend, a Singapore Independent Financial Advisory firm. Daryl received the Bachelor of Law degree from the National University of Singapore and was subsequently called to the Singapore bar. Later Daryl obtained his MBA, majoring in Finance, from the Asian Institute of Management in the Philippines. Daryl is a CFA charterholder and is an active volunteer with CFA Society Singapore where he co-chairs the Advocacy Committee. An experienced trainer, Daryl recently completed the training requirements to be a CFA Ethics trainer.

maria-wilton
Maria Wilton CFA

Maria Wilton, CFA, has a 30-year history in the investment industry with leadership experience in asset management and superannuation. She is a member of the Board of Governors of the CFA Institute, deputy chair of Infrastructure Victoria and a director of Victorian Funds Management Corporation. She is chair of the National Diversity Committee and a member of the Advocacy Council of the CFA Societies Australia. Maria is the former managing director and chair of Franklin Templeton Investments Australia and senior director of International Advisory Services - a role she held for 12 years. She was responsible for the management of Franklin Templeton's activities in Australia and New Zealand, and for driving the strategic direction of the Australian business. Prior to joining Franklin Templeton, Ms. Wilton was with BT Financial Group (formerly Rothschild) and County Investment Management where she was a diversified fund and fixed income portfolio manager. She began her investment management career at JP Morgan Investment Management as an economist and portfolio manager. Before joining the investment management industry, Ms. Wilton worked for the Commonwealth Treasury in Canberra in an economic research capacity. Maria is a fellow of the Australian Institute of Company Directors and the Australian Institute of Superannuation Trustees. She was a board member of the Financial Services Council and co-chair of the Investments Board Committee. She was a trustee director of AGEST and Emergency Services and State Super and a member of their Investment Committees. She was a director of Melbourne Water, the Transport Accident Commission, the National Breast Cancer Foundation and Victoria Legal Aid (VLA), and chair of the VLA Audit Committee. Ms. Wilton holds a bachelor of economics from the University of Tasmania and is a Chartered Financial Analyst (CFA) Charterholder.

Mary Leung
Mary Leung CFA

Mary is the Head, Advocacy, Asia Pacific at CFA Institute. She leads the team that is responsible for building market integrity in APAC by developing and advocating capital markets policy positions that raises investor protection and fosters sustainable industry growth. She also oversees the promotion and development of Asia-Pacific Research Exchange (ARX), a research hub through which we engage with societies, members, governments, regulators, academia and other industry stakeholders 6o advance the wider CFA Institute mission.

Mary has over 20 years of experience in the global financial industry, having worked in corporate finance, wealth management advisory, and fund management. She joined Coutts & Co, where she was director of Business Development and Management for North Asia. Prior to that she was executive director at UBS AG, where she led the Corporate Advisory Group in Hong Kong. With experience in both the buy- and sell-sides, Mary has a strong understanding of the drivers and dynamics of different investor groups, including institutional investors, corporates, family offices, asset owners, and high-net-worth individuals.

Mary graduated from Peterhouse, Cambridge with a degree in Engineering. She is a CFA charterholder and speaks English, Putonghua, and Cantonese.

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