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Ben Bernanke

Top 30 Most Memorable Quotes in 2016

Which is your most memorable quote in 2016?  Recap the most memorable quotes in 2016 made by Ben Bernanke, Michael Blake, Richard Jerram, Christopher Aba and many more … …

Caproasia Online editorial team recap the most memorable quotes of 2016 by  Fellow Professionals:


 

30Marc Breuil, Regional President Asia for Berkshire Hathaway Speciality Insurance

” Insurance is correlated with GDP growth “

At the Financial Times Insurance Summit October 2016 in Hong Kong

29Lutfey Siddiqi, Adjunct Professor of NUS, Governor of LSE I.C., and Member of Global Agenda Council

” Bankers should take an oath like how doctors take an hippocratic oath “

At the 2nd ASEAN Regulatory Summit September 2016 in Singapore

28Amreesh Kher, President & Head Bancassurance, IndusInd Bank

” Agency is still a strong and critical force. An insurance agent who can sustain over a long term of the business is a force to be reckon with in the industry “

At the 6th Bancassurance Asia Summit November 2016 in Singapore

 

Maybank

27Alice Tan, Head of Investment Consultant & Investment Strategy, Maybank Private Wealth

” Financial industry is a trust business. Clients are already doing due diligence on which banker (to use) & banker to trust.  Over-regulation has only marginal benefits  “

At the Financial Times Asian Wealth Management Summit November 2016 in Singapore

Union Banca Privee

26Michael Blake, CEO Private Banking Asia, Union Bancaire Privee

” Someone who can trust and work for in the long term, stability in a relationship, pick up the phone, send an email to someone they are familiar with “

At the Financial Times Asian Wealth Management Summit November 2016 in Singapore

25Philippe Legrand, Chief Executive Officer, London and Capital Asia

” If you want to find good people to manage your money, they would cost “

At the PWM APAC & Greater China Summit October 2016 in Macau

DBS Bank

24Lam Chee Kin, MD & Head of Compliance, DBS Group

” Like all good lawyers, when you get a difficult question, you rephrase the question  “

At the AML Compliance: The Perfect Storm By Dow January 2016 in Singapore

23Anthonia Hui, Chief Executive Officer, AL Wealth Partners

” Compliance keeps my firm reputable and trusted “

At the 2nd ASEAN Regulatory Summit September 2016 in Singapore

AIA

22Mark Konyn, Chief Investment Officer, AIA Group

” There is a mis-pricing of risks due to the opening up of the credit market in China  “

At the FT Investment Management Summit Asia June 2016 in Hong Kong

21Noni Purnomo, President Director, Blue Bird Group Holding

” Grandparents listen to grandchildren. They don’t listen to children “

At the Private Wealth APAC Summit April 2016 in Kuala Lumpur

20Victor Ai, Co-Vice President, Donglin Family Wealth

” We can always get a family office or consultancy company to come in.  But how can we build this trust? “

At the Private Wealth APAC Summit April 2016 in Kuala Lumpur

Bordier Bank

19Evrard Bordier, Managing Partner (5th Generation Family Member), Bordier et Cie

” We started the business, we impose a relationship fee.  If the relationship is not valuable, then you should leave.  Then it forces the bank to create value “

At the Private Banking Asia Conference March 2016 in Singapore

Julius Baer Bank

18Mark Matthews, Head of Asia Research, Julius Baer

” Fund Management don’t perform better than passive index investing. People who are naturally pessimistic will do well in bear market and people who are optimistic will do well in bull market “

At the FT Investment Management Summit Asia June 2016 in Hong Kong

17Ajay Kumar, Assistant GM and Head of Asset Management, Qatar National Bank

” You have a bad investment, it is a long-term investment.  You have a good investment, it is a short-term investment “

At the Financial Times Asian Wealth Management Summit November 2016 in Singapore

16Lee Yuan Siong, EVP and Chief Insurance Business Officer, Ping An Insurance

” Being a financial services company, managing risks is in our blood “

At the Financial Times Insurance Summit October 2016 in Hong Kong

Allianz Global Investors

15Robin Loh, Chief Digital Officer APAC, Allianz

” The more information you have, the higher risk you carry in the insurance business “

At the Financial Times Insurance Summit October 2016 in Hong Kong

UOB Bank

14Leroy Loo, Senior Vice President of Bancassurance Business, UOB Indonesia

” Our customer engagement is like a journey and we place traffic lights in between to facilitate and ensuring the journey is smooth for them “

At the 6th Bancassurance Asia Summit November 2016 in Singapore

13Li-Gang Liu, Chief China Economist & Managing Director, Citigroup

” Debt-to-equity swap means China banks don’t have to deal with non-performing loans “

At the FT Investment Management Summit Asia June 2016 in Hong Kong

12Amanda Chen, Deputy Head of Wealth Management APAC, Nomura

” Regulations benefit clients.  Being transparent – means better pricing “

At the Financial Times Asian Wealth Management Summit November 2016 in Singapore

11David Chong, Founder & President, Portcullis Group

” No client will trust only one bank – if the client is sensible. Clients will have more than one bank “

At the Financial Times Asian Wealth Management Summit November 2016 in Singapore

10Paul Sandhu, Head of Investments Solutions, Conning Asia-Pacific

” In a closed capital economy, all investments are highly-correlated.  The advantage is the investments are non-correlated to all other economy “

At the Financial Times Insurance Summit October 2016 in Hong Kong

Union Banca Privee

9Michael Blake, CEO Private Banking Asia, Union Bancaire Privee

” Would they want to have the same Relationship Manager as their parents, or would they prefer to use an interface “

At the Financial Times Asian Wealth Management Summit November 2016 in Singapore

8Zhao Zhimin, Vice GM Marketing and GM of Shanghai Private Wealth Center, CITIC Trust

” Clients are busy with their businesses. They have no time to discuss about family trust planning. By the time they need it, it’s already too late “

At the 10th Annual Wealth Management & Private Banking Asia Conference December 2016 in Shanghai

7Makoto Ohsawa, CEO of FEMO and Ex-Partner of PWC

” You have to enter the tiger’s cage in order to capture baby tigers.  As long as you shy away from taking risks, you cannot capture returns “

At the PWM APAC & Greater China Summit October 2016 in Macau

6Kang Chaofeng, Managing Director, Wealth Product Investment Strategy, Ping An Trust

” How much risk can you take? How much loss can you absorb? These are useless KYC questions “

At the 10th Annual Wealth Management & Private Banking Asia Conference December 2016 in Shanghai

Lombard Odier Bank

5Vincent Duhamel, Head of Asia, Lombard Odier Private Bank

” Private Banking isn’t very good at making money for clients.  Every entrepreneur, businessman are so much better at creating wealth.  The goal of the private banking industry is to protect their wealth “

At the Private Banking Asia Conference March 2016 in Singapore

4Richard Jerram, Chief Economist, Bank of Singapore

” Gold is a hedge against inflation.  Some clients see it as a financial investment.  From my CFA training on cashflow, the future value is zero “

At the Asia Investment Outlook January 2016 in Singapore

3Wallace Yu, Head of Multi-Asset Group, China Investment Corporation

” Alpha is a zero sum game. It’s like a game of Mahjong “

At the FT Investment Management Summit Asia June 2016 in Hong Kong

JP Morgan Bank

2Christopher Aba, Regional Head of Investments for South East Asia, JP Morgan Private Wealth

” Over the last 30 years, if you take out 40 days of the best performing days, the returns drop from 10% to 2% on an annualised basis “

At the Private Banking Asia Conference March 2016 in Singapore

Ben Bernanke

1Ben Bernanke, Former Chairman, Federal Reserve

” I’m not a certified financial planner.  But people tend to sell after crisis.  In 1987, my father sold all the stocks after the stock market crash.  And it rebounded soon after.  The individual investor may not want to time the market, and to build a well-diversified portfolio.  And at some point, things will work out “

At the Asian Financial Forum January 2016 in Hong Kong


# 1 Most Memorable Quote in 2016

 


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