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Thailand’s prime minister Srettha Thavisin gives a thumbs-up during a news conference at government house in Bangkok, Thailand, on April 10, 2024. Photo: AP

Asian Investment Conference: first UBS-hosted edition kicks off in Hong Kong with ‘global investor mindset’ on agenda

  • Former US secretary of state John Kerry and Thailand’s prime minister Srettha Thavisin are among the speakers and 3,000 attendees
  • UBS continues the flagship conference started 27 years ago by Credit Suisse, following the merger of the rival banks in June 2023

Former US secretary of state John Kerry and Thailand’s prime minister Srettha Thavisin are among the speakers and 3,000 attendees expected in Hong Kong this week for the Asian Investment Conference (AIC) presented by UBS.

The Swiss investment bank kicked off “the biggest global investor conference in Hong Kong” on Monday, Niall MacLeod, the curator of the week-long AIC, said in an interview. The event includes a two-day conference to be held on Tuesday and Wednesday at the Four Seasons Hotel.

“It has been such an important part of the global investor mindset, to come to this conference to learn about the region,” said MacLeod, head of product management at UBS. “We’re very proud of it being in Hong Kong. We’re very proud of the tradition of it.”

UBS, which also runs the world’s largest private bank, is continuing the flagship investment conference, which was started by Credit Suisse 27 years ago, after it completed its merger with the rival bank in June 2023.

The event targets the bank’s institutional clients, hosting more than 3,000 registered attendees, including representatives from more than 300 companies from 15 markets in Asia-Pacific, Europe and North America. The agenda, with 100 speakers and 50 panel discussions, will shed light on the “top-down” and “bottom-up” topics on investors’ minds, according to MacLeod.

These include macro and big-picture topics such as interest rates, climate, and geopolitics, as well as micro content like generative artificial intelligence, neuroscience developments on the mind and longevity, the future of cities and succession.

“All these things coming together are essentially the way that institutional investors think,” MacLeod said.

This week’s AIC will help UBS to pin Asia as its growth engine after the Credit Suisse acquisition expanded its footprint and client assets in the region. The bank expects its Asian unit’s assets under management to rise to 20 per cent of the total from 15 per cent now, according to group CEO Sergio Ermotti.
Continuous presence in Hong Kong will also be an important part of the bank’s plan to tap into mainland China, in particular the Greater Bay Area. UBS will move all of its staff in the city to a new building in West Kowloon, near the high-speed railway, giving it easy access to mainland cities.

MacLeod said the bank never considered moving the AIC. “Hong Kong is Asia’s world city,” he said. “This is still the premier place that people want to come to debate the issues in the world within this region.”

John Kerry, former United States secretary of state and former special presidential envoy for climate, speaks after a news conference in Glasgow, Scotland, on November 10, 2021. Photo: AP
However, UBS has moved the event’s dates. Credit Suisse usually held the AIC at the end of March, close to the Hong Kong Sevens rugby event, which the bank sponsored for 14 years. However, HSBC took over sponsorship of the sports event in 2012, and occupied the time slot with its inaugural Global Investment Summit, which fell in early April this year.

The change was “client-centric”, MacLeod said. “If you look through the calendar of companies reporting, what is the time of year that you can get the maximum number of companies to come to a conference to present to our institutional clients? I say the end of May is a much, much better time than the end of March.”

The AIC will also feature Nobel Economics laureate Paul Romer, Megan Smith, former chief technology officer in the Obama administration, and Raghuram Rajan, former governor of the Reserve Bank of India.

Hong Kong’s Chief Executive John Lee Ka-chiu, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, and Hong Kong Exchanges and Clearing CEO Bonnie Chan Yiting will also speak at the conference.
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