20th January 2022
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
KEYNOTE ADDRESS
Secretary of State Roberto Balzaretti - Head, Directorate for European Affairs (DEA)
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
DAY ONE - ROUND-UP
DRINKS RECEPTION - VICTORIA JUNGFRAU
GALA DINNER - VICTORIA JUNGFRAU
Kindly sponsored by Schellenberg Wittmer Ltd