Riccardo Millich, HSBC Hong Kong

Riccardo Millich Riccardo Millich is a Director in Business Development and Client Management, Asia and Asia-Europe corridors with HSBC Markets & Securities Services. He is based in Hong Kong after having spent over 17 years in Luxembourg working for the investment funds industry. Riccardo leads HSBC’s growth opportunities for Asset Owners & Asset Managers looking to build or expand business and operations cross-border into Asia or Europe. Riccardo has held a variety of Sales and Business Development roles in the Securities and Funds Services as well as Asset Management space, and has held a number of Directorship positions across both UCITS and AIFs. During his career Riccardo has advised and assisted Asset Managers, Asset Owners, Family offices or public institutions in the structuring and operation of their cross border investment projects in Europe or in Asia. Riccardo is a French and Italian National, graduated in Law, in Foreign Languages and in Business Administration.  

Special appearance by:

Panel discussion

10.55 - 11.40

Looking forward to enhanced cross-border fund distribution

One of the aims of the Capital Markets Union project is to foster growth by reinforcing the role of capital markets, investment funds and asset managers, in the financing of the European economy, too dependent on bank financing. In this context, the European Commission has made proposals to remove the remaining barriers to cross-border distribution of funds. How will these impact the distribution processes?
Will integration help the cross-border investment fund industry to seize the opportunity and contribute more effectively towards economic growth? If so, which are the products and who are the clients?

A debate between the Commission and the industry

11.40 - 12.25

Delegation, "third countries", Brexit... Quo vadis, distribution of EU funds?

Delegation of certain asset management functions to a company’s headquarters, other group companies or specialist third-party asset managers, with the decision-making process and risk oversight remaining in the country from which delegation takes place, is a tried and tested practice in the European and international fund industry.
It is important to third-country asset managers of European funds and it benefits the end investor by providing access to local asset management expertise. Brexit, coupled with the “ESA Review” proposal, have put the delegation model at the core of heated discussions. How are these perceived outside the EU? What is the way forward?

A regulators debate

14.35 - 15.15

Focus on Latin America

Key developments in the region, including recent amendments to pension fund regulations, offer new distribution opportunities for UCITS and alternative fund managers, as well as improved choice for local investors.

A deep dive into local trends and regulatory changes

16.00 - 16.40

Focus on Southeast Asia

The fund and asset management industries in Southeast Asia are growing significantly. The panel presents new opportunities in the region, including in Thailand, Indonesia, Singapore and the Pacific.

  • Riccardo Millich

    Riccardo Millich Director, Business Development Asia and Asia-Europe corridors HSBC Hong Kong

16.40 - 17.05

A discussion with NICSA and HKIFA

ALFI talks to its Conference Partners, NICSA and HKIFA, about important developments in their respective markets, amongst others the progress of Asian passporting schemes or FinTech in the US.