BVI House Asia Sponsors WealthBriefing Summit Asia 2015 in Singapore

Singapore – April 17, 2015 – BVI Finance, as international finance centre that offers beneficial structures to help families and corporates in their growing needs for wealth planning and management, yesterday sponsored and participated in the sixth WealthBriefingAsia Singapore Summit 2015. Key topics discussed at the Summit included standards for the most preferable jurisdiction for clients, latest developments in wealth management technology and maximising client conversion rates. The WealthBriefingAsia Singapore Summit is mainly targeted towards the Southeast Asian market.

World class representatives from across all segments of the wealth management industry attended the Summit which was held at Raffles Hotel in Singapore. Participants shared their insights on the latest innovative client strategies, the potential of technology and defining factors that give international financial centers a competitive edge.

Elise Donovan, Director of BVI House Asia, Michelle Georges, Asia representatives of the BVI Financial Services Committee, and Richard Grasby, Head of Trusts and Private Wealth at Maples and Calder Hong Kong, were delighted to represent BVI House Asia at the WealthBriefing Summit. The BVI representatives interacted with wealth management practitioners and highlighted the presence of the BVI in Asia and the use of BVI structures in wealth planning. As a panel member in the discussion “Judging the best jurisdiction for your client: An IFC Exploration”, Elise Donovan emphasized BVI’s strong international reputation, the compliance with international regulatory standards and the ease of doing business BVI. Singapore

The BVI facilitates the flow of capital from East to West and plays an important role in structuring investment and offering wealth management solutions in Southeast Asia, including in Indonesia, Malaysia and Vietnam. Singapore serves as the perfect gateway to Southeast Asia and, similar to BVI, has a legal system that is based on English common law. This is easily understood by lawyers trained in common law jurisdictions.

“Upholding international regulatory standards is critical for any financial centre and a decisive factor in maintaining a competitive edge. The feedback we received during the panel session strongly indicates that BVI has established the right balance between being compliant with international regulatory standards while remaining competitive, offering legal certainty and being cost effective”; said Elise Donovan, Director of BVI House Asia.

About BVI House Asia

BVI House Asia is the representative office of the Government of the British Virgin Islands (BVI) in Asia Pacific. Based in Hong Kong, BVI House Asia was established in September 2013 to support and expand the strong relationship that the BVI has had with the Asia Pacific region for over 25 years. With a focus on financial services, BVI House Asia provides a wide range of services to Asian businesses, such as asset protection, property holding, financial management, trading, copyrighting, bespoke trust services and investment business. The BVI is among the largest corporate registers in the world and is lauded for its efficient time to market, competitive incorporation fees, and strong and innovative legal system. Drawing on its deep experience in the region and mature infrastructure in Asia, BVI House Asia is committed to building effective, trusted and responsible relationships with its clients, business partners and vested third parties.

For more information about BVI House Asia, please visit: www.bvihouseasia.com.hk.

For media enquiries, please contact Kees Jan Boonen (FTI Consulting):

Kees Jan Boonen
Dir +65.6831.7854
keesjan.boonen@fticonsulting.com