Soaring Assets, Digitization and Scams – Insights into Banking in Singapore

LIVE FROM SINGAPORE!
ZOOM CALL
Thursday, November 16
New York: 7 p.m. ET
San Francisco: 4 p.m. PT
Singapore: 8 a.m. on Friday, November 17

Please join us on Zoom: Register Here

Panelists        Mathew Welch

                        Wilson Chia

                        Richard Hartung

Banking in Singapore has changed dramatically over the past half dozen years. Singapore has surpassed Hong Kong in AUM in private banking and there are now an estimated 1,500 family offices in Singapore. Commercial banks have been ranked among the best in Asia, and there is an increasing focus on green loans. The number of fintechs has expanded from less than 100 in 2016 to more than 1,000 today, covering all sectors of banking. Along with the success, scams proliferate and investigations are ongoing into potentially fraudulent activities of 10 individuals who held S$2.8 billion in assets in Singapore

Mathew, Wilson and Richard will leverage their decades of experience in banking to provide insights into the impact of these and other developments in financial services in Singapore and current state of banking in the city-state. Mathew will focus on current developments in commercial and transaction banking. Wilson will provide insights on wealth management and retail banking. Richard will discuss developments in payments and fintechs. After 10-minute presentations by each of the three panelists, we will open the floor to questions and comments from participants.

Mathew Welch

Mathew is a partner at Global Sage Executive Search in Singapore, an Independent Board director on various boards (including Seabank in Vietnam), and does advisory and investment work for various start-ups across Asia. His career has included roles as MD & Head of FI Asia/ Global Head of Banks at Standard Chartered Bank, Head of Financial Institutions Asia at ING and Managing Director, Investments, Financial Institutions at Temasek Holdings. He has an MA from the University of Oxford and an MBA from Harvard Business School.

Wilson Chia

Wilson is a Consultant / Advisor to banks in the ASEAN region. In 2020, he was a strategic planner for a consortium seeking a Wholesale Digital Banking license in Singapore. His previous roles include advisor to the board of Bank Danamon in Indonesia, EVP with Fullerton Financial Holdings (FFH) at Temasek Holdings and 23 years in Standard Chartered Bank, most recently as regional head of consumer and SME Banking in South East Asia. He has a bachelor’s degree and an MBA from the National University of Singapore.

Richard Hartung, Managing Director, Transcarta

Richard is a consultant on retail banking and payments at Transcarta and also works as a freelance writer for The Asian Banker and other media. He has worked in retail banking in California, Citibank in Japan, and MasterCard, Keppel TatLee Bank and OCBC Bank in Singapore. Richard has a BA from Pomona College and an MBA from Stanford University. He serves on the boards of non-profits.