London, 9 April 2013
The strong performance of HNWIs in the Asia-Pacific region will see Singapore’s overtake Switzerland as the largest global offshore private banking market by 2020. With Assets under Management (AuM) of US$550 billion at the end of 2011, new research reveals that Singapore is the fastest growing wealth centre in the world, and will be the largest offshore private banking market by 2020. This reflects the significant disparity in the performance of the HNWI sectors in the Asia-Pacific region and the rest of the world, and suggests a bright future for HNWIs in the region.
Wealth Management
In the past decade, Singapore has undergone a radical metamorphosis as a wealth centre, with AuM rising from US$50 billion in 2000 to US$550 billion in 2011. New research released by Timetric suggests that Singapore will benefit from the movement of funds away from Switzerland, Luxemburg and the Caribbean over the next seven years, and by 2020 will be the largest global offshore banking market by AuM.
HNWI Trends Benefit Wealth Management
Whilst the worldwide number of HNWIs declined by 0.3% between 2007 and 2011, the Asia Pacific region experienced a significant growth in HNWIs, increasing by 29% from 2 million to 2.6 million. This was primarily a result of its weathering the storm of the global financial crisis, which had a more substantial negative impact in developed markets. Moreover, HNWI wealth in the Asia Pacific region rose by 30%, from US$8.1 trillion in 2007 to US$10.6 trillion in 2011.
Additionally, UHNWIs in the Asia-Pacific region also performed well between 2007 and 2011, rising by 31% from 18,210 to over 32,800; this growth is expected to continue, with a rise of 62% – to 38,650 – forecast between 2011 and 2016.
This substantial growth amongst HNWIs and UHNWIs in the Asia-Pacific region will prove a significant factor in the rise to prominence of Singapore as the largest global offshore private banking market, with Asia-Pacific HNWIs being among the largest investors in Singapore.
Santiago
08 Apr – 10 Apr 2013
CRU is holding its 12th World Copper Conference on the 8 – 10 April at the Grand Hyatt Santiago, Chile. CRU’s Copper Conference, held during CESCO Week in Santiago, is the industry’s venue of choice. The conference attracts over 600 leaders from mining companies, financial institutions, contractors and consumers offering unrivalled networking opportunities, great presentations and in-depth workshops. The global economy has had a turbulent 12 months. But recent data suggesting China’s growth slowdown has bottomed and improvement in the rate of growth in US manufacture have done much to improve sentiment. Mine supply in H1 2012 was much better than expected paving the way for a far more balanced 2013 but, there is significant uncertainty as the copper supply side has consistently underperformed over the years. The latest forecasts will be discussed at the World Copper Conference Topics and questions to be covered during the conference include:
- Macro economic outlook and implications for copper demand
- Exploring the status of new copper projects -what are the implications for the supply and demand balance in 2013/14
- What will the impact of the change of ownership of the LME be?
- What impact will financial investors have on the copper market in 2013/14?
- What is the outlook for automated mining techniques?
- What are the implications of supply risks and cyclical factors on productivity?
- What are the implications of energy and water shortages on future mining operations in Chile?
- What will happen to copper when the current wave of Chinese construction comes to an end in 2014?
- Capital scarcity and its impact on new supply
- What impact will social resistance and mine strikes have on the copper market – where are the red flags?
Toronto
05 May – 08 May 2013
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM)
Welcome to Toronto!
“Global Leadership – the Courage to Change”is the theme to be explored at the CIM Convention 2013 in Toronto. It will set the direction and tone of the presentations, dialogues and face-to-face exchanges over the course of the conference. The mining industry continues to face the challenges of managing tremendous growth against the backdrop of a shifting global political landscape and an unpredictable super-cycle. This signature event of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) promises to be the mining event of the year. The Plenary Session will open the convention with powerful speakers. These influential industry executives have confirmed their participation: Egizio Bianchini, BMO Capitals Market; Chris Lewicky, Planetary Resources; Richard A. Ross, Schulich School of Business; and Zoë Yujnovich, Iron Ore Company of Canada (IOC). More will be announced.
The technical program will feature six streams: Operations & Maintenance Best Practices; Leadership in Investment & Management; Social & Environmental Responsibility; Global Geological Puzzle; New Frontiers/Open Innovations; and Planetary and Terrestrial Mining Sciences Symposium. CIM’s societies are hard at work preparing to deliver the most current research their sectors have to offer.
The CIM Exhibition, sold out again this year, is the opportunity to make the connections necessary to drive design, purchasing and operational decisions. With over 400 exhibiting companies, it is a must-attend show for every major player in the mining sector.
If you are from Toronto or are in the area early, please join us at the Mining For Society (M4S) public educational and interactive show on mining, minerals, metals and materials. It runs from May 2 to May 4 and everyone is welcome to explore the pavilions and learn a little more about the life cycle of mining and its role in our everyday lives. The 2013 Toronto CIM Convention will build on the successes of previous years. A steady growth in the numbers of delegates, exhibitors, and energy continues to attract the most relevant speakers and dynamic presentations as the industry comes together to focus on exploring operational and managerial excellence across all facets of mining. Please join us for the 2013 Toronto CIM Convention – where the business of mining happens!
London
15 May – 16 May 2013
Metals Trading Operations & Technology Summit 2013
The summit for physical metal trading companies, metal producers and consumers, and metals trading investment banks
The 4th Annual Metals Trading Operations & Technology 2013 Summit is designed to bring together key players of the metals sector, including physical and financial trading companies, metals trading investment firms, warehouses and regulators. These key industry players will participate in this senior level platform to address the latest developments in terms of regulations, risk management, technology and operations challenges in the metals trading landscape.
In line with the three consecutive years of hosting MTOT, where each time we gathered over 100 senior-level participants, IRN is pleased to bring you an equally strong and focused platform again this year to continue to address the impact of the most pressing issues within operations, technology and risk management in the metals area.
The new regulations affecting back office procedures such as reporting, clearing, and standardizing contracts have put a lot of pressure on the companies. They need to put in place stricter controls and checks in order to comply with them, which requires the technology department to implement the right tools in order to achieve new control requirements. Improvements within the logistical areas and risk management are as crucial if the physical trading organizations want to keep up with supply and demand too, so maintaining a good workflow from operations through to IT is essential.
MTOT 2013 is the ideal place to meet up with your peers and discuss the latest trends and share views on the most pressing challenges of the metals trading industry. You will get to meet with senior-level executives from across the industry, as well as the key vendors and the regulators. Over the last 3 years, our expert speaker faculty has included companies like Alcoa, RioTinto, Trafigura, LME, ICAP Shipping, Mitsubishi and many more. This year will once again maintain the standard and include the key operational and technological players from the financial and physical metal trading businesses.
Contact: Jessica Jonah / International Research Networks
Telephone: +44 (0) 207 111 1615 begin_of_the_skype_highlighting +44 (0) 207 111 1615 FREE end_of_the_skype_highlighting
Email: jessicaj@international-research-networks.com
Website: http://www.mtotsummit.com/