The number of family offices is increasing rapidly in Asia and the trend is expected to continue. Private client advisors and wealth professionals are increasingly being asked to advise on the set-up, management and regulatory regimes for family offices. In this conference, we will discuss some recent hot topics that are relevant and important to advisors and their family office clients.
Globally, there is a growing focus on transparency, especially in relation to ownership and tax requirements. Many jurisdictions have now imposed requirements to maintain ultimate beneficial owner (‘UBO’) registers for companies, and some even extend that to trusts and real estate ownership arrangements. In this conference, our panel of family office specialists will compare the requirements of key registers in Singapore, Hong Kong, United Kingdom, Australia, British Virgin Islands and Cayman Islands; and discuss the relevant implications for you and your clients.
Family fund structures
We have seen more Asian families looking to remain or pool together their family resources and structure their family assets in a consolidated fund vehicle for ease of professional management and succession planning purposes. Some countries have introduced tax exemptions and incentives to attract more family investment funds to be set up in their countries. We will examine some of the popular structures (including the new Singapore Variable Capital Company, Cayman Segregated Portfolio Company, Family Limited Partnership and special voting trust arrangements) and their suitability as family investment fund vehicles. The panel will also discuss how families can incorporate their broader governance planning as part of the family fund structuring so that succession planning can be dealt with holistically.
Technology driving transparency
Tax authorities globally have been investing in advanced analytics platforms, software and fraud detection programmes. This has helped tax authorities benefit from shared knowledge, information and experience across national borders. Our guest panellists from SAS Technology, who were former tax inspectors will be sharing recent developments in this area.
- 8.30am – Registration
- 9.00am – Session 1: Living in a naked world – Transparency and new registers around the world
- 10.45am – Session 2: Structuring options for family fund vehicles
- 12.30pm – Session 3: Use of data analytics and artificial intelligence by tax authorities around the world
- 1.30pm – Networking and refreshments
- Stacy Choong – Partner | Withers Khattarwong
- Steven Banfield – Partner | Withers Khattarwong
- Fernando Gandioli – Partner | Withers Khattarwong
- Tim George – Partner | Withers Khattarwong
- Katie Graves – Partner | Withers Khattarwong
- Deborah Pianko – Principal, Government & Healthcare Fraud Solutions | SAS Technology
- Jeffrey Cooper – Executive Industry Consultant- FinTech | SAS Technology
- Varun Mehta – Solutions Engineer | SAS Technology
- Joseph Musolino – Fraud and Security Intelligence Strategy Lead, Asia Pacific | SAS Technology
- Preetha Pillai – Director | Conyers Dill & Pearman
To view the full programme, please click here.
This seminar has been accredited by IBF under the Financial Training Scheme (FTS). Programmes accredited under the IBF standards are eligible for subsidies under the IBF Standards Training Scheme Funding.
4 hours Regulatory/compliance training
Sessions for your private clients
We will also be hosting a half-day private clients only conference for clients with Single Family Offices and private clients who have plans to establish Single Family Offices on 15 May. We welcome you to invite your clients to attend the event.
Nominations can be made to Roy Ang at email@example.com
- SGD 450 pp (early bird rate for payments received on or before 10 April 2019)
- SGD 500 pp (usual rate)
Seats are only confirmed upon receipt of payment.
To register for individual tickets, please click here.
For group registration, please complete this form and contact Ms Janis Bang at firstname.lastname@example.org. Discounts are available for groups of 30 and above.
*This programme has been approved under the Financial Training Scheme (FTS). Recognised programmes are eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles. The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS claims may only be made for recognised programmes with specified validity period. Please refer to www.ibf.org.sg for more information.