ASHK Hong Kong Pension and Employee Benefits Actuary Symposium 2017

6 September 2017 (Wednesday) InterContinental Grand Stanford Hong Kong

Picasso Room, B1 Level, 70 Mody Road, Tsimshatsui East, Kowloon, Hong Kong

PROGRAMME

“Changes and Challenges in Wealth and Health” Wednesday 6 September 2017 InterContinental Grand Stanford Hong Kong Picasso Room, B1 Level, 70 Mody Road, Tsimshatsui East, Kowloon, Hong Kong

08:45 – 09:15 Registration

09:15 – 09:20 Opening Remarks

Gary Lee, Chairperson of the ASHK Pension & Employee Benefits Committee

09:20 – 09:40 Keynote Speech Janet Li, Vice Chairman of the Hong Kong Retirement Schemes Association

09:40 – 10:25

“Is Annuity Essential for Retirement?” Facilitator: Stuart Leckie, OBE, JP, Stirling Finance Ltd

Panelists: Alan Liu, Hong Kong Housing Society

Steve Chiu, IFPHK Janet Li, Willis Towers Watson

10:25 – 10:55 Coffee Break

10:55 – 11:25 “Do You Really Understand Your Members?”

Dustin Ball and James Lin , EY

11:25 – 12:25

“Medically Necessary?” Facilitator: Celine Ng Tong, Mercer Panelists: Dr. York Yat-Ngok Chow, GBS, SBS, MBE, JP, AIA

Alex Lam, Hong Kong Patients’ Voices

Luzia Hung, Manulife

Sam Yeung, Munich Re

12:25 – 12:30 Closing Remarks Gary Lee, Chairperson of the ASHK Pension & Employee Benefits Committee

12:30 – 14:00 Lunch (Monet Room, B1)

END OF PROGRAMME

SPEAKER PROFILES

Stuart is based in Hong Kong and advises on investments and pensions in Asia. He is the author of books titled "Investment Funds in China" and "Pension Funds in China". He is the Founding Chairman of the Hong Kong Retirement Schemes Association and was Chairman of the CFA Institute Advisory Council on Standards and Financial Market Integrity.

He has served as the Chairman of Watson Wyatt (now Willis Towers Watson) in Asia-Pacific and as Chairman of Fidelity Investments, Asia­Pacific. He has advised the Chinese Government on pension reforms. He was a Director of Exchange Fund Investment Limited which created the Hong Kong Government's Tracker Fund, the first E.T.F. in Asia.

Stuart is a Fellow of the Institute of Actuaries (U.K.) and of the Society of Actuaries (U.S.A.). He is also Adjunct Professor at City University of Hong Kong. He is appointed Justice of the Peace by the Hong Kong Government, and has been awarded an 0.B.E. by the British Government.

Steve has over 25 years of experience in the wealth and asset management industry, and is currently Senior Vice President & Head of Hong Kong Retail of PIMCO Asia Limited. Before joining PIMCO he held senior positions in Manulife Asset Management, Bosera Asset Management (International), AIA Wealth Management, Invesco Asset Management, HSBC Retail Banking and HSBC Asset Management. He holds a B.Sc. degree from the University of Hong Kong and MBA degree from Hong Kong University of Science and Technology. Steve is a CFA charterholder and a CFP certificant, and currently sits in the Board of Institute of Financial Planners of Hong Kong, of which he was elected as Chairman during 2012-2014.

Steve Chiu

CFPCM Institute of Financial

Planners of Hong Kong

Alan is Head of Treasury at the Hong Kong Housing Society. Before joining the Housing Society, he was Head of Retail Distribution North Asia for Deutsche Asset Management. Prior to Deutsche, he was Alternative Specialist for UBS Wealth Management in Hong Kong. Alan has over 33 years of experience in the financial industry. His roles include actuarial consultant, asset consultant as well as institutional fund management.

As Head of Treasury, Alan is responsible for all treasury functions as well as the management of the Housing Society's internal reserves.

Alan graduated from Macquarie University in Sydney NSW Australia with a Bachelor Degree in Economics majoring in Actuarial Science. He also holds a Master Degree in Business Administration from the University of New South Wales, Australia.

Alan Liu B.Ec MBA

Hong Kong Housing Society

Stuart Leckie OBE, JP, FIA, FSA

Stirling Finance Ltd

Janet Li, CFA, is the Director of Investments, Greater China at Willis Towers Watson. She works with institutional clients (sovereigns, pension, insurance, corporate and wealth management) in the Greater China region (Mainland China, Hong Kong, Taiwan and Macau). Janet is also a core member of the Asia leadership team.

Janet joined Watson Wyatt (predecessor firm of Willis Towers Watson) in 2001 and has over 16 years of industry experience. Her experience spans across a wide range of investment services (asset liability review and strategy, portfolio construction, manager review, selection and monitoring, fund governance and transformation, member communication and education and related tools’ developments) and a diverse range of asset classes (public equities and fixed income, private equities, illiquid credit, real estate and infrastructure). She specializes in fund governance and has been leading the initiative in Asia Pacific.

Janet is the Vice Chairman of the Hong Kong Retirement Schemes Association (HKRSA). She also serves as the Chairman of the Members Communication Sub-committee and a Member of the Business Strategy Sub-committee of the HKRSA. She is a Management Committee Member of the Taiwan Pension Fund Association and an Advisory Committee Member of the FTSE Taiwan Index Committee. Janet is also a key supporter to the Cross Straits Pension Forum which aims to promote pension and retirement protection issues in the Greater China region. She serves as independent trustee to a pension scheme in Hong Kong.

Janet graduated with the Bachelor of Economics & Finance from The University of Hong Kong.

Janet Li CFA

Willis Towers Watson / Hong Kong Retirement

Schemes Association

SPEAKER PROFILES

James Lin is a Senior Manager, Insurance Analytics and Quantitative Advisory for Ernst & Young based in Hong Kong. He joined

the financial services and the actuarial profession in the 2007 and has been involved in various analytics roles with banks and

insurance companies. This includes capital quantification, customer analytics, fraud analytics, credit scoring, investment strategy

and asset allocation as well as enterprise risk management.

James graduated with a first class honors degree in actuarial studies from the University of Melbourne, Australia.

James Lin

EY

Dustin Ball is a partner and the EY Asia-Pacific Insurance Transactions Leader for Transaction Advisory Services bringing a full

range of services to insurance clients of EY firms in Asia. He brings years of experience in strategy development, M&A, market

entry, distribution channel transformation, partnerships, joint ventures and portfolio optimization.

Based in Hong Kong, Dustin has been living and working in Asia since 2004. Prior to joining EY, Dustin was the CEO of BIDV

MetLife, a joint venture between MetLife and BIDV in Vietnam. He led the formation of the joint venture, licensing and start-up

of the company, and then served as CEO until 2016.

Before working at BIDV MetLife, Dustin was the Asia-Pacific head of strategic development for several leading multinational

insurers, where he was responsible for overseeing mergers and acquisitions in Asia, as well as developing new market-entry

strategies.

Dustin holds a Bachelor of Science in Chemical Engineering from the New Jersey Institute of Technology and an MBA in Finance

and International Business from New York University’s Leonard N. Stern School of Business.

Dustin Ball

EY

Dr. York Yat-Ngok Chow

GBS, SBS, MBE, JP

AIA

Dr. York Yat-Ngok Chow is an orthopaedic surgeon by profession, and graduated from HKU. Dr. Chow has served as the

Consultant Orthopaedic Surgeon at the Princess Margaret Hospital in 1983 and the Consultant Orthopaedic Surgeon at the

Queen Elizabeth Hospital from 1984 – 1992.

With the establishment of the Hospital Authority, Dr. Chow switched over to hospital and healthcare administration. He was

appointed Hospital Chief Executive of Queen Elizabeth Hospital in 1992 and Hospital Chief Executive of Queen Mary Hospital in

2001. He was subsequently appointed Cluster Chief Executive of the Hong Kong West Cluster of the Hong Kong Hospital

Authority in 2002.

Dr. Chow was appointed by the Chief Executive of Hong Kong Special Administrative Region and the Central Government to be

the Secretary for Health, Welfare and Food from 2004 to 2007, and again the Secretary for Food and Health from 2007 to 2012.

Dr. Chow was appointed as the Chairperson of Equal Opportunities Commission from April 2013 to March 2016.

He joined the AIA Hong Kong and Macau Ltd as its Chief Medical Officer and Corporate Advisor since January 2017.

Celine Ng Tong is a Principal in the Asia Health Consulting team and is based in Hong Kong.

She has over 12 years’ of experience in consulting to organizations on all aspects of employee benefit programs in Asia and

around the world. This includes including consulting on design strategies, flexible benefit program feasibility & implementation,

network management, carrier audits, pricing and funding reviews and wellbeing and employee communication strategies.

Celine is passionate about healthcare and has spoken in industry events on a variety of topics including global funding

alternative, managed health care, women’s health & wellness strategies and diversity & inclusion.

Celine holds a Bachelor of Science degree in Actuarial Mathematics from Concordia University in Montreal and is a Fellow of the

Society of Actuaries (F.S.A.). She is also a fully licensed Hong Kong employee broker.

Celine Ng Tong

FSA

Mercer

SPEAKER PROFILES

Sam Yeung is a Senior Client Relationship Manager and Actuary with Munich Re in Hong Kong. He is responsible for life and

health reinsurance business development in Hong Kong and Taiwan. His experience spans product development, pricing,

experience analysis, and risk management for both individual and group medical products.

Sam is a Fellow of the Society of Actuaries, Council Member of the Actuarial Society of Hong Kong, and chairperson of ASHK’s

Health Committee and International Committee.

Sam Yeung

FSA

Munich Re

Luzia Hung is Senior Vice President and Head of Employee Benefits with Manulife Hong Kong, and Chief Executive Officer of

Manulife Provident Funds Trust Company Limited. She is leading all Manulife’s pensions and group life and health insurance

businesses in Hong Kong.

Before joining Manulife, Luzia worked for a Europe based international insurance and pensions company as its Chief of Pension

& Group Business, overseeing both the Pension and Group Insurance Division and was responsible for the distribution,

marketing and operations management of the Retirement, Group Medical, Group Life and other general insurance businesses.

Prior to this, she worked for a leading global financial institution for 19 years, becoming General Manager and Head of

Employee Benefits before moving to Retirement Benefits following the launch of the Mandatory Provident Fund Scheme. Luzia

spent the earlier part of her career in private bank and multinational corporations.

Luzia is a Director of the Manulife Provident Funds Trust Company Limited. She is the Chairman of both the Executive

Committee and the Profile and Events Sub-Committee of the Hong Kong Retirement Scheme Association. She also serves in the

Executive Committee of the Insurope network.

Born in Macau and educated in Canada, Luzia holds a Bachelor of Commerce (B.Com) and a Master’s degree in Business

Administration (MBA) from McMaster University in Canada.

Luzia Hung

Manulife

(International)

Limited

Alex Lam began his patient advocacy career quite accidentally in 2003 when he was (mis)diagnosed with SARS. On recovery, he

helped to incorporate the Hong Kong SARS Mutual Help Association in order to assist those who survived the deadly outbreak.

He is currently the Chairman of the Association. Alex was elected a council member of the Hong Kong Alliance of Patients’

Organizations in 2011 and advanced as Vice-Chairman in next year, until his term finished in 2015. In 2014, he helped forming

the Hong Kong Alliance of Rare Diseases and had served as founding member. Together with other well-known local patient

leaders, he formed the Hong Kong Patients’ Voices in August 2015 in order to advocate the importance of Patient-Centred

Healthcare in Hong Kong.

Alex serves as a member of the Hospital Authority’s Public Complaints Committee, and had served as a member of the

Committee on Strategic Review on Healthcare Manpower Planning and Professional Development (Medical Sub-group) of the

Food and Health Bureau. In 2016, an amendment bill to reform the Hong Kong Medical Council which has failed to meet the

public’s expectation on its complaint handling system was unable to pass the 2nd reading in the Legislative Council due to

filibustering by the lawmaker representing the medical sector. A tripartite platform was later formed by the Government to

facilitate discussions between doctors, lawmakers, and patient representatives, hoping to enhance communication and promote

understanding among them, and paving the way to another round of submission of a new bill for passing. Alex was nominated

and appointed as a member in the platform.

Alex Lam

Hong Kong

Patients’ Voices

REGISTRATION FORM

Registration Fee (Deadline for Registration : 30 August 2017)

Cheque made payable to “The Actuarial Society of Hong Kong” should be sent to us by mail at 1803 Tower One,

Lippo Centre, 89 Queensway, Hong Kong on or before 30 August 2017.

Cancellation Policy

Cancellations should be made by contacting Ms. Annie Chan at anniechan@actuaries.org.hk and also

confirmed in writing. No refunds will be made for cancellations after 30 August 2017. The Society reserves the

right to cancel the seminar if conditions warrant.

Continuing Professional Development (CPD)

This Seminar may qualify for Continuing Professional Development (CPD). A maximum of 2.8 CPD hours* can be

claimed. The amount of hours recorded is left to the discretion of the individual.

* 1 CPD hour = 60 minutes

Name :

Company Name :

Company Address :

Contact Person :

Tel : Fax :

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Registration Fee (HK$)

ASHK Member HK$ 1,000

HKFI Member HK$ 1,000

HKRSA Member HK$ 1,000

Non Member HK$ 1,500

ASHK Hong Kong Pension and Employee Benefits Actuary Symposium 2017

“““Changes and Challenges in Wealth and Health”””

6 SEPTEMBER 2017 (WE6 SEPTEMBER 2017 (WE6 SEPTEMBER 2017 (WEDNESDAY)DNESDAY)DNESDAY)

InterContinental Grand Stanford Hong Kong

Picasso Room, B1 Level, 70 Mody Road, Tsimshatsui East, Kowloon, Hong Kong

Please return your completed form with appropriate payment to Ms. Annie Chan:

The Actuarial Society of Hong Kong

1803 Tower One, Lippo Centre, 89 Queensway, Hong Kong

TEL: (852) 2147 9278 FAX : (852) 2147 2497

EMAIL: anniechan@actuaries.org.hk