HKICPA Seminar: Leading the Wealth Management Industry in Asia (Hong Kong) - Labuan IBFC Inc

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HKICPA Seminar: Leading the Wealth Management Industry in Asia (Hong Kong)

Asia has witnessed significant growth in recent years and is becoming increasingly important in the global economy. Hong Kong and Singapore are dynamic and robust financial hubs in the region and are ranked among the top five financial centres in the world. In the face of slower economic growth and evolving financial landscape with greater demand for transparency, how do the two economies sustain their developments and reinvent the wealth management industry amid challenging global conditions?

As Asian wealth management gains momentum, the demand for services to support international businesses will escalate. In what ways have Labuan International Business and Financial Centre ("IBFC") strengthened itself as a strategic platform for connecting Asia's economies and providing a wide range of business and investment structures to meet the growing demand of international businesses?

In this seminar, the speakers will share their insights on how Hong Kong, Singapore and Labuan are leading and supporting the growth in Asia's wealth management industry.

Topics to be covered in this seminar include:

Singapore and Hong Kong: Leaders in Asian Wealth Management

Legal framework and justice
Singapore and Hong Kong tax update
Wealth management and family office services in Singapore and Hong Kong
Rising to the challenges of Foreign Account Tax Compliance Act (FATCA) and Global Account Tax Compliance Act (GATCA) or Common Reporting Standard (CRS)
Fund incentive programmes in Singapore

Labuan: Asia Pacific's Leading Mid-shore International Business and Financial Centre

Supporting the growth of wealth management in Asia
The uses and advantages of Labuan entities for Asian-based clients
Labuan Business Activity Tax Act 1990
Malaysian double taxation agreements
Labuan trusts and foundations
Labuan as a low tax regional trading hub for Southeast Asia

For enquiries and registration, please e-mail: finance@hkicpa.org.hk

SPEAKERS

DANIAL MAH ABDULLAH
Mr Danial Mah Abdullah is currently Chief Executive Officer of Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc), the official promotion and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC).

His experience spanning numerous years as a central banker has put him in good stead in promoting Labuan IBFC as the ideal midshore jurisdiction in Asia Pacific.

Mr Danial is a member of the Executive Committee of the International Islamic Financial Market (IIFM) and the Financial Stability Committee; alternate Board member of the IIFM; and a Board member of Labuan IBFC Inc, LabuanFSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd.

Mr Danial has a Bachelor of Accounting (Hons) from the University of Malaya, Malaysia; and a Masters in Business Administration from the Manchester Business School, UK. He is a Chartered Accountant registered with the Malaysian Institute of Accountants.
DAVID CHONG
David Chong is President of the Portcullis Group. He is qualified as a Barrister-at-Law, Lincoln's Inn; Advocate & Solicitor, Singapore, Malaysia and Brunei; Barrister & Solicitor, British Virgin Islands; Barrister & Solicitor, Australian Capital Territory and Victoria, Australia; and Solicitor, New South Wales and Queensland, Australia.

David served as the Founding President of Society of Trust & Estate Practitioners (STEP) Singapore Branch and was the Founding President of the Singapore Fund Administrators Association (SFAA). He is the President of the Singapore Trustees Association (STA).