Young Professionals half-day conference

11 November, 13:00-17:35

The Big Picture

Capital Tower, Level 9, 168 Robinson Road, Singapore 068912

Organised by the STEP Asia Conference Committee as part of the programme offered by STEP Singapore’s ‘Young Professionals Network’, a half-day boot camp will be held the day before the STEP Asia Conference to encourage engagement, learning and networking among the next generation of leaders in our industry. This event features a specifically curated agenda for practitioners between 21-40 years of age who are in the early stages of their career. 

Limited places are available for participants of this event to join the STEP Asia Conference Welcome Reception at a preferential rate of $100. Separate registration is required and places are subject to availability.

Participants who successfully complete the half-day programme will be awarded a Certificate of Participation by STEP Singapore.

13:00

Registrations and standing buffet lunch

14:00

Welcome from STEP Singapore

Mr. Lionel Choi TEP – Branch Chair, STEP Singapore; Managing Director, Head of Wealth Planning Singapore, LGT Bank (Singapore) Ltd

14:05

STEP Next Gen Update

Assad Abdullatiff TEP, STEP Worldwide Board Member

14:15

Pitching a trust to a discerning client

Clients are increasingly sophisticated and expect more from their advisors.

How would a young practitioner approach such a client? What are some of the challenges faced or common queries that may be posed?

Ms. Guo Jiawen – Head, Family Office & Structuring Solutions, Senior Wealth Advisor, Executive Director, Bank of Singapore

15:00

Succession planning and digital assets

Explore the key issues surrounding planning for the succession of digital assets and cryptocurrencies, such as holding this asset class in a trust, and considerations in bequeathing such assets through a testamentary instrument.

15:45

Networking and refreshments

16:00

Investment power of the trustee – to have or not to have

Trustees have a fiduciary duty to beneficiaries and an irreducible core duty to safeguard the trust assets.  However, for most Trustees, we are not investment professionals. Can a Trustee be held accountable over the investment performance of the trust assets in a full discretionary trust? Do the Trustee have any fiduciary duties over the investments in a reserved powers trust?

This session focuses on the investment decisions that the Trustee makes, his role in investment monitoring, and how a Trustee can best manage its risk and yet fulfil its fiduciary responsibility.

Mr. Shawn Wang TEP – Director, Head of Trust Services and Resident Manager, Ocorian Singapore Trust Company

Ms Woo Shu Yan - Director, Dispute Resolution, Drew and Napier LLC

16:45

Trusts under attack – key takeaways for the practitioners

Setting up a trust is one thing but anticipating and protecting against attacks on the trust structure is another.

What are some potential vulnerabilities in a trust structure that a young practitioner should be watchful for?

Mr. Alvin Lim – Co-Chair, STEP Singapore Young Professionals Network; Partner in the Specialist & Private Client Disputes Practice and Private Wealth Practice, WongPartnership LLP

17:30

Closing remarks

17:30

Event concludes