Hong Leong Bank's "Wealth Symposium: Fresh Takes 2024" Sets the Stage for Empowered Wealth Building
Hong Leong Bank's "Wealth Symposium: Fresh Takes 2024" Sets the Stage for Empowered Wealth Building
HLB customers gained valuable insights from investment and market experts on both macro and microeconomic factors impacting wealth building and investment strategies at the symposium
Hor Kwok Wai, HLB’s Managing Director of Regional Wealth Management at the Bank’s Wealth Symposium in Kuala Lumpur
Kuala Lumpur, 27 January 2024 – Hong Leong Bank (“HLB” or the “Bank”) recently hosted its premier wealth management conference “Wealth Symposium: Fresh Takes 2024” in Kuala Lumpur and Penang. The Wealth Symposium is dedicated to empowering customers with valuable insights, strategies, and opportunities at the beginning of the year, enabling them to navigate the ever-evolving investment landscape not only for the current year but also for the future. Additionally, the symposium underscores the Bank’s commitment to providing customers and investors with the latest trends, comprehensive education, and personalized investment options.
The symposium featured HLB’s Managing Director of Regional Wealth Management, Hor Kwok Wai who shared the Bank’s house view on the 2024 economic outlook, alongside industry experts from esteemed Fund House Partners, including Hong Leong Asset Management, Amundi Asset Management, TA Investment Management, AHAM Asset Management, and Gaia Investment Partners.
In his presentation, Hor shared the bank's house view, focusing on five major themes. These included the sustained strong performance of global bonds and the anticipated peak of US equities in 2024. Additionally, he discussed the awakening of the Malaysian market after a prolonged period of dormancy, driven by increased foreign direct investment (FDI), growing tourism, and heightened infrastructure spending. Furthermore, HLB projected a moderate strengthening of the Malaysian ringgit against a weakening US dollar, in line with similar trends among regional peer currencies, along with the potential resurgence of the second largest global economy, China, and the attractiveness of its stock valuations in 2024.
The wealth symposium also discussed macro projections and asset responses for 2024, which considered global market trends, geopolitical events, technological advancements, and demographic shifts. At the same time, the sessions delved into critical questions including how investors should navigate the dichotomy between growth and safety with equities and bonds, risk and return profiles, the impact of technology on both traditional and alternative investments, ESG factors and trends that can influence investor preferences, sustainable and ethical investing, and sector-specific performances.
Hor emphasized the significance of adopting a long-term perspective in wealth management, staying updated on the latest trends, and remaining informed through trusted relationship managers who serve as valuable resources.
"We believe that comprehensive wealth management is not merely a financial roadmap; it represents a commitment to realizing your aspirations and securing a legacy for future generations. We understand that wealth management entails being a partner in our customers’ wealth journey, crafting a meaningful financial narrative that aligns with their unique goals. Organizing symposiums like this is one of our approaches to acting as a guide, empowering and guiding both customers and investors to stay informed with the latest insights and trends, enabling them to navigate the complexities of the financial landscape.
In addition to symposiums, we embrace a "Built Around You" customer-centric approach, developing personalized financial solutions tailored to different risk appetites and needs. Our team of professional financial advisors, including our relationship managers, is dedicated to ensuring that customers have a comfortable and informed investment experience, leading to enduring prosperity."
Customers can embark on their investment journeys with ease, starting with as little as RM50 through self-managed investments via HLB Connect Online. Additionally, they can seek assistance from our professional wealth managers to plan for their children’s education, retirement, and legacy needs. The Bank has a wide range of solutions that can help customers explore untapped potential and achieve sustainable growth by creating a dynamic investment portfolio across Malaysia, Singapore, and other regions.
For more information on HLB’s wealth management solutions, please visit
https://www.hlb.com.my/en/personal-banking/hlb-connect/wealth.html