ACI Singapore

ACI Singapore

Our man in Singapore, Randy Hebert, and I were among the 700 or so delegates that attended the 52nd ACI World Congress which was held in the Marina Bay Sands Conference Centre, Singapore from March 14-16.

Much has changed since the ACI World Congress was last held in Singapore in 2001, when Singapore also had the unique privilege of hosting the first World Congress of the new millennia, in particular the growth and increased significance of Asia to the World economy. It is now estimated that Asia, and especially the People’s Republic of China accounts for over 60% of global growth.

Caplin clients at the ACI event included Standard Bank and Citi VelocityCaplin Trader was featured at the Progress Apama booth giving delegates the opportunity to see a complete e-commerce solution with Apama providing aggregation & rate management with Caplin Trader for client distribution.

The conference featured presentations on topics such as the future of banking in Asia, financial regulation, and the impact of China and the rest of Asia on the financial markets.  Distinguished panelists included former Japanese MOF Minister Eisuke Sakakibara aka “Mr. Yen”  and retiring chairman of Goldman Sachs Asset Management,  Jim O’Neil  who coined the term BRIC (the acronym that stands for Brazil, Russia, India, and China) — the four rapidly developing countries that have come to symbolise the shift in global economic power away from the developed G7 economies.

Other sessions featured the CEOs of Barclays Asia Pacific, DBS and Lloyds together with the President of Europe for Temasek discussing the future of banking. A significant proportion of the conference focused on China with senior representatives from Blackstone, Bloomberg, Dymon Asia, PIMCO, Deutsche Bank, HSBC, Alphadyne, Fortress, Och-Ziff Capital and the Singapore Investment Corporation.

As always, the ACI did a great job organising the conference and social events for the delegates. We are looking forward to next year’s conference in Berlin!

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