Shorex Wealth Management Forum Geneva | Hotel President Wilson | Geneva | Switzerland | 1-2 December 2009

Morning - Room B

09:00 – Opening Remarks - Chairman: Bruce Weatherill, Owner, Bruce Weatherill Executive Consulting

09:15 – PwC Global Private Banking/Wealth Management Survey 2009: Evolution or Revolution?

- The emergence of ‘Nouveau Classic’ banking – trusted advice at the heart of the business
- Changing business operating models - a drive for process efficiency and service improvement
- The impact of the increasing power of governments and regulators, including recent moves around tax transparency and impending regulatory change

Jean-Christophe Pernollet, Partner in charge of the Geneva Office, PricewaterhouseCoopers

- Clients indicate that there are real issues to be addressed but do Wealth Managers agree?
- Wealth Managers are responding in various ways but will this address client needs?
- Which Wealth Management models are growing and are likely to be successful in the future?
- What actions should you take in response to the results of the survey and the issues it uncovers?

Bruce Weatherill, Owner, Bruce Weatherill Executive Consulting

10:15 – Banking Secrecy: History & Future

Jean-Pierre Diserens, Vice Chairman & Executive Vice President, CIFA

10:45 – The Ethical Aspects of Retrocessions and the Need for Reforms

- What is the situation today
- What are the problems raised by retrocessions – ethical issue
- What the legislation says
- What may be the future treatment of retrocessions

Vincent Derudder, Secretary General, Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
European Federation of Financial Advisers & Financial Intermediaries

11:15 – New Regulations for Independent Asset Managers

- Guidelines on asset management (Circular Finma 2009/1)
- Obligations of independent asset managers
- Remuneration of independent asset managers
- Content and form of the asset management contract
- Monitoring and sanctions

Stéphanie Hodara El Bez, Attorney at law, Altenburger Ltd legal + tax

11:45 – Portfolio Losses: Efficient Ways to be Reimbursed - PANEL DISCUSSION

Chairman: Daniel Glasner, Founder and CEO, Action Finance SA
Dario Zanni, Geneva Public Prosecutor
Erik Bomans, Managing Partner, Deminor
François Membrez, Partner, Waeber Membrez Bruchez

Afternoon - Room B

14:00 – Opening Remarks - Chairman: Simon Denton, Managing Director, Sovereign Trust (Switzerland) Limited

14:15 – International Financial Centres - PANEL DISCUSSION

Panellists:

Chairman: Simon Denton, Managing Director, Sovereign Trust (Switzerland) Limited
Damien Martinez, Head of EDD, World-Check
Todd Douglas Hall, Partner, Teeple Hall, LLP
Jean-Christophe Pernollet, Partner in charge of the Geneva Office, PricewaterhouseCoopers
Bruce Weatherill, Owner, Bruce Weatherill Executive Consulting

15:15 – UBS, a double U.S. disaster

- The U.S. ambitions of UBS: Ospel’s American dream
- Failure on the subprime market
- Failure on the U.S. offshore market
- The silence of the Swiss regulator
- The counter-example of Credit Suisse

Myret Zaki, Financial journalist, author of “UBS, les dessous d’un scandale”, éditions Favre

15:45 – UK taxpayers (domiciled and non-domiciled):

- New tax regulations
- Increased taxation
- Tax changes and
- Cost effective solutions

Simon Denton, Managing Director, Sovereign Trust (Switzerland) Limited

16:15 – Fund selection for private bankers and Independent Asset Managers: Risk Management and Liability - PANEL DISCUSSION

Panellists:

Chairman:Vincent Derudder, Secretary General, Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
Daniel Glasner, Founder and CEO, Action Finance SA
Nils Tuchschmid, Professor of Banking and Finance, Haute Ecole de Gestion (HEG-Geneva)
Heiner Weber, Executive Vice President, Lombard Odier Darier Hentsch & Cie

17:15 – Cocktail Reception sponsored by