Agenda (Day 1)

SETTING SAIL AGAIN

14th January 2021

Congress Centre Kursaal, Interlaken, Switzerland.

DAY 1 THEME: NAVIGATING SAFELY IN TROUBLED WATERS

REGISTRATION, BREAKFAST AND NETWORKING

Kindly sponsored by Butterfield Trust (Switzerland) Ltd

WELCOME FROM SWISS & LIECHTENSTEIN STEP FEDERATION AND CHAIR'S OPENING REMARKS

Andrew McCallum TEP - Managing Director, Rhone Trustees (Switzerland) SA; Chairman and member of the organising committee, Swiss & Liechtenstein STEP Federation; Treasurer and committee member of STEP Geneva and the Swiss Association of Trust Companies

WELCOME FROM STEP WORLDWIDE

Mark Walley - Chief Executive Officer, STEP Worldwide

 

 

ECONOMY & FINANCE

  • Ecosystem of the financial industry, its developments and the impacts on the trust business
  • The behavioural side of investments
  • Concerns of private clients and trustees? What services and products do they need in the future?
  • The trust business industry from the banks’ perspective

H.S.H. Prince Michael of Liechtenstein TEP - Executive Chairman, Industrie- und Finanzkontor Etablissement, Wealth Presentation Experts (Moderator)  

Professor Dr Thorsten Hens - Department of Banking and Finance, University of Zurich 

Marcello Sala - Partner, Apis Partners LLP

Marie-Therese Yates, Managing Director, Wealth Advisor Switzerland, JP Morgan Private Bank  

SWISS & LIECHTENSTEIN STEP FEDERATION - STUDENT AWARDS

Kindly sponsored by CLT International Ltd

Dr Johanna Niegel TEP - Senior Client Advisor, Allgemeines Treuunternehmen (ATU); Member of the conference organising committee, Swiss & Liechtenstein STEP Federation; Deputy Chairman, Verein STEP; Chairman, Vaduz Centre of Verein STEP

Filippo Turato TEP – Trust and Wealth Planner, Capital Trustees AG; Member of the conference organising committee, Swiss & Liechtenstein STEP Federation; Secretary of STEP Lugano

LUNCH

CHAIR'S OPENING REMARKS

Andrew McCallum TEP - Managing Director, Rhone Trustees (Switzerland) SA; Chairman and member of the organising committee, Swiss & Liechtenstein STEP Federation; Treasurer and committee member of STEP Geneva and the Swiss Association of Trust Companies

THE IMPACT OF THE CORONA CRISIS ON THE PRIVATE CLIENT INDUSTRY

  • Employment (including dismissal, holidays and inability to work)
  • Immigration (including work permits and quarantine)
  • Social security (including affiliation and reduced working hours benefits
  • Trust investment implications - after the shortest crash in history is this a signal of future issues. What lessons have been learned?
  • Trust client / relationship communication - new channels, more frequent, innovative techniques
  • Private client education / succession – education for children – beneficiaries – delegation
  • Team development - nurturing new and key employees when socially distanced
  • Commercial - lower overheads, travel costs – what are client expectations?
  • Being ready to address the need for more robust succession planning including tackling key man risk
  • Dealing with the impact of the less obvious effects of the crisis including strained relationships and matrimonial breakdowns, unexpected deaths, increased perception of geopolitical risks

Dr Roderik Jean Paul Strobl TEP - Founder, KeyFactors (Moderator)

James Day – Managing Director, Peritus Investment Consultancy

Dawn Goodman TEP – Partner, Withers

Rayan Houdrouge – Partner, Lenz & Staehelin 

TRUSTEE REGULATION: AN UPDATE

  • Structures exempt from FinIA
  • Licensing requirements for Swiss and foreign trustees
  • FINMA authorisation process
  • Focus and priority areas for FINMA
  • Liechtenstein law perspective 

Fabianne de Vos Burchart TEP - Attorney at Law, Schellenberg Wittmer (Moderator)

Roland Altmann - Deputy Managing Director, Liechtenstein Institute of Professional Trustees and Fiduciaries, Vaduz

Thomas Hirschi - Head of Asset Management Division, Swiss Financial Market Supervisory Authority FINMA

Kenneth Ukoh - Head Portfolio Managers and Trustees, Swiss Financial Market Supervisory Authority FINMA

NETWORKING & REFRESHMENTS

EXCHANGE OF INFORMATION/TRANSPARENCY

  • CRS & FATCA update
  • Mandatory disclosure rules - DAC6 and its impacts
  • BO registers

Filippo Noseda TEP - Partner, Mishcon de Reya LLP and Visiting Professor, King’s College London (Moderator) 

Konrad Hauptli - Of Counsel, Kendris Ltd 

Vania Petrella - Partner, Cleary Gottlieb Steen & Hamilton LLP    

THE FUTURE OF THE TRUST & ESTATE PLANNING INDUSTRY: TAX, SUBSTANCE & ASSET PROTECTION

  • Is offshore its own worst enemy?
  • The post Covid tsunami
  • Post-covid higher tax burden – what structures could help to preserve family wealth
  • State surveillance in a turbulent polarized world – what needs to be done to protect your assets
  • Discretionary powers in over-compliant world – ABC of choosing your fiduciary 

 

Stephanie Jarrett TEP – Owner, Offices of Stephanie A Jarrett (Moderator) 

Olga Boltenko - Founding Partner, Boltenko Law GmbH

Edward John David Buckland TEP - Senior Client Partner, LGL Group  

James Corbett QC TEP - Senior Counsel, Baker & Partners

KEYNOTE ADDRESS

Secretary of State Roberto Balzaretti - Head, Directorate for European Affairs (DEA)

DAY ONE - ROUND-UP

DRINKS RECEPTION - VICTORIA JUNGFRAU

GALA DINNER - VICTORIA JUNGFRAU

Kindly sponsored by Schellenberg Wittmer