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EXCLUSIVELY PRESENTS




Main Conference: 9 October 2012 • Post-Conference Workshops: 10 October 2012 • Venue: Amara Hotel, Singapore




A Practical Response
to FATCA
The Foreign Account Tax Compliance Act (FATCA) will mandate
a cohesive plan for implementation and response. You need to
be ready and there is only one place to discuss the best way to
prepare for FATCA.

A Practical Response to FATCA is a not-to-be-missed event
that brings worldwide financial professionals together to
celebrate milestones and overcome implementation hurdles.

   FATCA will only be the first sample of a new
   type of world-wide regulation. Only by sharing
   information will financial institutions be able to
   minimise the unprecedented impact.
                          Erik Wilgenhof-Plante, DZ PrivatBank

   A Practical Response to FATCA will provide an
   excellent opportunity for all organisations to
   take stock of their approach to FATCA and share
   industry practice in considering a sustainable and
   commercial way forward.
                            Kane Jones, National Australia Bank

   A Practical Response to FATCA will provide an
   excellent opportunity for financial organisations
   to get a comprehensive understanding of
   the complex challenges and already applied
   approaches to become FATCA compliant.
                                Jochen Kuhlhoff, Commerzbank

  Discover the latest insights and concerns about
these rapidly evolving regulations from 11 speakers
who represent the international financial community



P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg                        www.fatcaasia.com
MEET YOUR SPEAKERS
                                                                                                                         Mark Oh
                                                                                                                         Head of Tax Asia Pacific
                                                                                                                         BlackRock

The Foreign Account Tax Compliance Act
(FATCA) has taken the financial world by                                                    Mark Oh is the Head of Tax for BlackRock’s Asia Pacific business, based in Hong Kong. Mark’s service
storm, compelling many industries to direct                                                 with the firm dates back to 2007, including his years with Barclays Global Investors (“BGI”), which merged
their energies to processing and applying                                                   with BlackRock in 2009. At BGI, he was the Director of Tax for BGI Australia, where he had oversight
the required regulations to their business                                                  and responsibility of the corporate and product tax functions for BGI. In his current role, Mark has
practices. A foreign financial institution (FFI)                                            responsibility for all key strategic and tactical tax obligations, including corporate tax, product tax, tax
could face significant consequences if it fails                                             strategies, tax risk management and tax controversy matters throughout the Asia Pacific region. Prior
                                                                                            to joining BlackRock, Mark was the Head of Tax for Wealth Management and Financial Planning at
to enter into an agreement with the IRS.
                                                                                            Challenger Financial Services Limited. Mark holds bachelor degrees in Business and in Laws from the
                                                                                            University of Technology, Sydney. He is also admitted as a Solicitor and Barrister of the Supreme Court
With FATCA, everyone is in the same boat.                                                   of New South Wales.
You need to become compliant within a rigid
timeline and dedicate a substantial amount
of your budget to do so. New regulations
will require you to reassess your company’s
current AML and KYC practices, relationship                                                                              Philip Tye
management, documentation, and IT systems,                                                                               Founding partner and MD
which means aligning all key stakeholders,                                                                               DragonBack Capital
such as operations, risk, technology, legal and
tax, to become FATCA compliant in order to
not jeopardise your business operations. The                                               Phil has been a senior fixture of the Asia finance industry for the past 14 years of his 20 year plus career.
impending release of the final regulations                                                 Prior to founding DragonBack in early 2007, Phil was the Chief Financial Officer of PMA, which was one
                                                                                           of Asia largest hedge fund companies. Previously he worked at Credit Suisse where he was Director
further exacerbates the position of foreign
                                                                                           in the Prime Brokerage unit with regional responsibility for Asia Pacific. He has also held a number of
financial institutions (FFIs) as they are                                                  other senior positions including Chief Operating Officer for Asian Equities and head of the Strategic
                                                                                   Philip Tye – Co-Founder and Managing Director, DragonBack Capital Limited
unable to proceed with certainty on process                                        Phil has been a senior fixture of within the industry for the past 14 years of hisBefore Credit Suisse, Phil worked at KPMG in both
                                                                                           Projects Group the Asia finance finance department. 20 year plus
restructuring without knowing what is                                              career. Prior to founding DragonBack in early 2007, Phil was the Chief Financial Officer of PMA,
                                                                                   which was one of Asia largest hedgeKong focusing on providingCredit Suisse services to banking and securities companies
                                                                                           London and Hong fund companies. Previously he worked at financial
expected of them.                                                                          across the region. He holds a Bachelor of Science degree from the University of Essex and is a member
                                                                                   where he was Director in the Prime Brokerage unit with regional responsibility for Asia Pacific. He
                                                                                   has also held a number of other senior positions including Chief Operating Officer for Asian
                                                                                   Equities and head of the Strategic Projects Group within the finance department. Before Credit Wales. Philip is also a Director and Executive
                                                                                           of the Institute of Chartered Accountants in England &
                                                                                   Suisse, Phil worked at KPMG in both London and Hong Kong focusing on providing financial
The diverse jurisdictions across Asia-Pacific                                      services to banking and securities companies across the region. He holds a BachelorInstitute, a Director and Member of the Global AIMA
                                                                                           Committee member of The Hong Kong Securities of Science
                                                                                   degree from the University of Essex and is a member of the Institute of Chartered Accountants in
further amplifies implementation challenges                                                Council and sits on the AIMA Hong Kong Executive Committee.
                                                                                   England & Wales. Philip is also a Director and Executive Committee member of The Hong Kong
                                                                                   Securities Institute, a Director and Member of the Global AIMA Council and sits on the AIMA
as companies in the region need to mitigate                                        Hong Kong Executive Committee.

local law and the IRS requirements or risk
paying a 30% withholding tax.
                                                                                                                         Luis Antonio Jacinto
To achieve a compliant status, financial                                                                                 Vice President Risk Management Systems Officer
institutions must realign existing practices                                                                             Rizal Commercial Banking Corporation
with FATCA. A Practical Response to FATCA is
the perfect platform for discussion amongst
foreign financial institutions and other                                                    Mr. Luis A. Jacinto is currently Vice President and Risk Management Systems Officer at the Rizal
professional organisations to prepare for                                                   Commercial Banking Corporation (RCBC). He belongs to the Corporate Risk Management Services
FATCA.                                                                                      (CRISMS) Group and is directly in-charge of project management for IT and other systems; he also has
                                                                                            oversight responsibility over the Bank’s information security and IT risk management. He has been
This event will address the needs of individual                                             tasked to take the lead in the Bank’s effort towards FATCA compliance. He is an Industrial Engineer
                                                                                            through which he has gained his process orientation. Mr. Jacinto has been an Information Technology
practitioners and companies as they seek to
                                                                                            practitioner for over twenty seven years, through which he gained his IT governance experience. He has
undercover the FATCA regulations and apply it                                               concurrently spent more than nineteen of those years both as a training professional and as an educator.
to their company. It will also provide functional
managers and business leaders with insights
to the process, organisation and technologies
needed to ensure that Sean McGrady
                              their organisation
becomes FATCA compliant. Department(Singapore) Pte.
                             Tax
                             Goldman Sachs
                                                                                                                         Sean McGrady
                                                                                                                         Executive Director Tax Department
We look forward to meeting you and                                                                                       Goldman Sachs
sharing the ideas and insights from leading
professionals in the finance sector.
                                                                                                 Sean McGrady is an Executive Director in the Tax Department of Goldman Sachs. He is based in the
See you in Singapore this October!                                                               Singapore office and is responsible for reviewing and handling the US tax matters of Goldman Sachs in
                                                                                                 a number of Asia Pacific Ex-Japan jurisdictions. Sean joined Goldman Sachs in 2007 in New York and
                             S    ean Mcgrady is an Executive Director in the Tax Department of Goldman Sachs. He Hong Kong in 2008 where he worked for almost 3 years before moving to the Singapore
                                                                                                 relocated to is
                                                                                                 office in 2011. Prior to joining Goldman Sachs, he practiced tax law for 5 years in the New York office
                             based in the Singapore office and is responsible for reviewing and handling the U.S. tax
                             matters of Goldman Sachs in a number of Asia Pacific Ex-Japan jurisdictions.
                                                                                                 of Paul Hastings, primarily in the area of corporate and international tax. He also spent 2 years in
                             Sean McGrady joined Goldman Sachs in 2007 in New York and relocated to Hong Kong in Tax Services Department of Ernst & Young, and has 12 years of experience in the tax field.
                                                                                                 International
                                                                                                 Sean received a J.D from Florida State University and an LL.M. in Taxation from New York University
                             2008 where he worked for almost 3 years before moving to the Singapore office in 2011.
                             Prior to joining Goldman Sachs, he practiced tax law for 5 years in the New York office of
                             Paul Hastings, primarily in the area of corporate and international Schoolspent 2 years
                                                                                                 tax. He also of Law.
                             in International Tax Services Department of Ernst & Young, and has 12 years of experience
                             in the tax field.


                             Sean McGrady received a J.D from Florida State University and an LL.M. in Taxation from
                             New York University School of Law.


P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg                                                                                                                     www.fatcaasia.com
MEET YOUR SPEAKERS
                                                                            David Cope
                   Jason Choi                                                                                                     Erik Wilgenhof Plante
                                                                            Executive Director, Legal
                   Senior Associate                                                                                               Head of Compliance
                                                                            and Compliance
                   Latham & Watkins LLP                                                                                           DZ PrivatBank
                                                                            Morgan Stanley

Jason Choi’s practice includes the U.S. federal           David Cope is an Executive Director in Morgan         Erik’s banking career started in 1996 with ABN
taxation of corporations, partnerships, tax-exempt        Stanley’s Legal and Compliance department and         AMRO in the Netherlands. In 2007, he transferred
organisations and real estate investment trusts,          is currently based in Hong Kong. Mr. Cope is the      to Singapore and joined Commerzbank two years
including the international, federal, state and local     Regional Anti-Money Laundering and Sanction           later. His current role is Head of Compliance for
tax consequences associated with mergers and              Compliance Coverage Manager for the Asia Pacific      DZ PRIVATBANK Singapore. Erik studied law
acquisitions, spinoffs, corporate reorganisations         Region including Japan. Prior to joining Morgan       at the University of Amsterdam, holds an MBA
and financing and derivative transactions. He             Stanley in 2008, David was a Detective Chief          from Webster University, St.Louis, USA. He is
also has regional tax advisory experience in Asia,        Inspector in the Hong Kong Police Force. His Police   board member of ACAMS Singapore and network
including tax planning for inbound and outbound           service included postings to the Commercial Crime     chairman of the International Compliance
businesses to and from Asia, and assisting clients        Bureau, Organised Crime and Triad Bureau, Joint       Association.
on mergers and acquisitions, joint ventures and           Financial Intelligence Unit and Narcotics Bureau.
other investments in Asia. Jason is an active             During his Police career, David specialised in the
member of the American Chamber of Commerce                investigation of financial crime, money laundering,
and the International Fiscal Association in               and the restraint and confiscation of the proceeds
Singapore, the American Bar Association,                  of crime, and he was involved as lead investigator                      Jochen Kuhlhoff
the State Bar of California, the Los Angeles              in the successful prosecution of a number of                            Manager International
County Bar Association and the Pasadena Bar               landmark financial crime and money laundering
Association. He has also spoken and written on            cases in both the District and High Court of Hong
                                                                                                                                  Projects
various tax issues for numerous professional tax          Kong. David was, and continues to be involved                           Commerzbank
organisations and publications.                           in developing laws and policies to improve Hong
                                                          Kong’s Anti-Money Laundering regime. David            Jochen Kuhlhoff specialises in the management
                                                          holds an LLB and a Masters in Criminology, is         of international projects in the banking and
                                                          trained as a FATF Evaluator, and has lectured         financial services industry. Jochen’s work
                                                          widely on Anti-Money Laundering and Sanction          experience includes various project management
                   Peter Douglas                          Compliance issues in the Asia Pacific region.         and business development positions in Europe,
                   Chief Executive Officer                                                                      North America, and Asia. Presently he co-
                   GFIA                                                                                         ordinates the FATCA implementation project for
                                                                                                                Commerzbank Group. Jochen studied business
                                                                            David Weisner                       administration at the Universities of Goettingen
Peter Douglas, CAIA, a pioneer of the Asian                                 US Tax Counsel for Asia             and Bielefeld.
hedge fund industry, is the principal of the firm,                          Pacific
GFIA pte ltd, and a senior consultant of Laven
                                                                            Citibank
GFIA, a co-operation between GFIA and Laven
Partners, a global consulting firm focused on the
alternative investment industry. He has been              David Weisner is based in Hong Kong and is the                          Dr. Ulrich L. Göres (Invited)
researching the hedge and absolute return fund            US Tax Counsel for Asia Pacific for Citigroup. He                       Global Head Group
universe in Asia since 1998, and has been a fund          handles the tax issues for variety of businesses                        Compliance, Legal &
management professional since 1985, working in            throughout Asia Pacific. Prior to joining Citigroup                     Security Chief Compliance
London, Singapore, Sydney, and Tokyo. He was an           in 2003, David worked at Fidelity Investments                           Officer
Alternative Investment Management Association             in Boston as international tax counsel. Prior to                        Erste Group Bank AG
(AIMA) Council member for 10 years, and was the           Fidelity Investments, David worked for White &
inaugural Chairman of the Singapore National              Case, a New York based law firm, and Deloitte
Group and the inaugural Asia-Pacific regional             & Touche, a big 4 accounting firm. David is           Dr. Ulrich L. Göres is the Head of Compliance,
representative of the Association. He sits on the         President of the Asia Chapter of the Tax Executive    Legal & Security at Erste Group Bank AG and is
board of the Chartered Alternative Investment             Institute (“TEI”), on the executive committee of      responsible for these areas across the entire
Analyst (CAIA) Association. Peter holds a MBA             the Capital Market Tax Committee (“CMTC”), on         Group. He is the Chief Compliance Officer (CCO)
from INSEAD (France), and is a pioneer-cohort             the tax committee for the Hong Kong chapter of        and General Counsel and reports directly to the
CAIA charterholder. He is the only Singapore              Alternative Investment Management Association         Management Board. Currently, his main projects
Financial Industry Certified Professional from the        (“AIMA”) and leads the FATCA subcommittee for         include the Group-wide implementation of
alternative investment industry.                          the Hong Kong Association of Banks (“HKAB”).          FATCA and MiFID II. Prior to joining Erste Group
                                                                                                                in December 2010, Ulrich worked in a number
                                                                                                                of leading industry positions at Commerzbank,
                                                                                                                WestLB, Deutsche Bank, BaFin and Morgan
                                                                                                                Stanley. He is a lecturer at the University of
                   Kane Jones                                                                                   Muenster for capital markets law. He regularly
                   Head of Risk                                                                                 publishes contributions on legal topics and is also
                   National Australia Bank                                                                      publisher of the German Corporate Compliance
                                                                                                                Magazine (CCZ). He was one of the founders of
                                                                                                                the German Certified Compliance Professional
                                                                                                                Programme in 2008 and recently founded the
Kane Jones currently holds the position of Head of Risk for National Australia Bank’s Singapore office. As
                                                                                                                Certified Compliance Professional Programme
part of this role, Kane is responsible for the oversight and administration of all aspects of Operational and
                                                                                                                for Central & Eastern Europe (CCP CEE). Ulrich
Credit Risk as well as Compliance and Regulatory engagement. Prior to joining the Asia business, Kane spent
                                                                                                                has been a member of the European Compliance
over 10 years with the NAB Group in Australia – most recently managing the Credit Underwriting function
                                                                                                                Conference Committee and a speaker there since
for Personal Banking. Kane’s diverse Banking background has included roles across Policy, Governance and
                                                                                                                2010. Ulrich holds a law degree and a PhD from
front-line Relationship Management. Kane holds a Bachelor of Business (Banking & Finance) and Bachelor
                                                                                                                the University of Muenster.
of Business (International Trade) from Monash University.




P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg                                                                  www.fatcaasia.com
CONFERENCE DAY
Tuesday, 9 October 2012

08.45   Opening Remarks from the Chairperson                                      • What are the consequences for participating FFIs if they do?
                                                                                  Kane Jones, Head of Risk
09.00   Managing Group wide client onboarding process after the
                                                                                  National Australia Bank
        implementation of FATCA
        • Description of the Group wide client onboarding process                 Mark Oh, Head of Tax Asia Pacific
          within Erste Group Bank AG after the implementation of                  BlackRock
          FATCA                                                                   Philip Tye, Founding Partner and MD
        • Examine FATCA versus local data protection rules and                    DragonBack Capital
          explore the potential solutions
        • Understanding the role of Group Compliance during and           12.30   Lunch & Networking Break
          after the implementation of FATCA
        • Anticipating challenges within the implementation process       13.30   Panel Discussion: How to be compliant without impacting
                                                                                  local jurisdiction laws?
        Dr. Ulrich Goeres (Invited Speaker)
                                                                                  Sharing customer data with a third party, even if it is the US
        Global Head Group Compliance, Legal & Security Chief
                                                                                  IRS, goes against everything banking laws stand for. The
        Compliance Officer
                                                                                  following session will address how FFIs can align client secrecy
        Erste Group Bank AG
                                                                                  with FATCA.
09.30   Using existing IT systems to become compliant                             • Developing a strategy to manage customer privacy within
        • Do I need new systems to become FATCA compliant?                           the new regulations
        • The way forward; new legislation after FATCA and how I can              • Who should you disclose information to? The IRS, local
          use existing systems to become compliant                                   regulators, or an alternative third party?
        • Integration of FATCA in existing processes and procedures.              Luis Antonio Jacinto, Vice President Risk Management
        • Changing systems and mindsets; an equal challenge.                      Systems Officer, Rizal Commercial Banking Corporation
        Erik Wilgenhof Plante                                                     Philip Tye, Founding partner and MD
        Head of Compliance                                                        DragonBack Capital
        DZ PrivatBank
                                                                                  David Cope, Executive Director, Legal and Compliance
10.00   Impact of FATCA on transactional documentation                            Morgan Stanley
        • Explore the impact FATCA has on transactional
                                                                          14.30   How FATCA affects Non-Financial Foreign Entities (NFFEs)
          documentation
                                                                                  and Multinational Corporations (MNCs)
        • Restructuring documents to improve FATCA compliance
                                                                                  • The changing factor: How the new regulations affect NFFEs
        • Optimising transactional documention across the entire
                                                                                    and MNCs
          corporate process
                                                                                  • Preparing NFFEs and MNCs for FATCA
        • Take aways to improve your entire business model for
                                                                                  • Requirements for NFFEs to become compliant with FATCA
          FATCA
                                                                                  • Explore how FATCA could impact relations between NFFEs/
        David Weisner                                                               MNCs and foreign financial institutions
        US Tax Counsel for Asia Pacific
                                                                                  Jason Choi
        Citibank
                                                                                  Senior Associate
10.30   Morning Tea & Networking Break                                            Latham & Watkins LLP

11.00   Understanding and overcoming the mechanics of passthru            15.00   Afternoon tea & Networking break
        income
                                                                          16.00   Panel Discussion: FATCA Pressure Points: Managing
        • Defining what constitutes as passthru income
                                                                                  compliance, IT, reporting and auditing processes
        • Assigning responsibility: Who is in charge, Bank, custodian,
                                                                                  • What administrative bottlenecks can you expect and how to
           Investment Fund, Insurance company
                                                                                    overcome them?
        • Calculating and reporting the passthru payment percentage
                                                                                  • Identifying issues that can cause bottlenecks and
        Sean McGrady                                                                prioritising the changeover effectively
        Executive Director Tax Department                                         • Developing a formula to calculate the cost of compliance
        Goldman Sachs                                                             • Planning a budget and controlling its execution

11.30   Customising your compliance model: Do FFIs in Asia need to                Kane Jones, Head of Risk
        respond differently?                                                      National Australia Bank
        • How different is the Asian model from the European model?               Mark Oh, Head of Tax Asia Pacific
        • Identifying what needs to be customised                                 BlackRock
        • Overcoming implementation challenges                                    Philip Tye, Founding partner and MD
        Peter Douglas                                                             DragonBack Capital
        Chief Executive Officer                                                   Luis Antonio Jacinto, Vice President Risk Management
        GFIA                                                                      Systems Officer, Rizal Commercial Banking Corporation
12.00   Panel Discussion: Strategies in dealing with non-compliant FFIs   17.00   Closing remarks from the Chairperson
        • Is it possible to do business with non-compliant FFIs while
          remaining compliant?                                            17.15   End of conference
        • What risks can you be exposed to?



  P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg                                                 www.fatcaasia.com
POST-CONFERENCE WORKSHOP
Wednesday, 10 October 2012

WORKSHOP A
  Setting up and managing a full service bank FATCA
  group project
As foreign financial institutions gear up to become FATCA compliant, one of the biggest
tasks is to organise a FATCA Group to identify and work through the challenges.

How can you ensure that:
• You are fully prepared to manage FATCA on multi-tier level
• Develop and implement a strategy that is managed efficiently and effectively

Uncover how Jochen Kuhlhoff with Commerzbank demonstrates a proven and effective
set up of a FATCA Group project, specifically designed to increase your understanding of
key FATCA challenges; KYC processes, relationship management and IT set up as they
apply to financial institutions.
                                                                                            Take advantage of the
                                                                                            exclusive sponsorship
09.00     “Meet and Greet” the Workshop Leader
                                                                                            opportunities this event offers
09.15     •   Overall responsibility for the bank’s FATCA compliance
          •   The set up of a group-wide FATCA implementation project                       FATCA implementation presents a huge range
          •   Essential milestones of the project                                           of opportunities for consultancies and solution
          •   Centralised and decentralised topics                                          providers in the finance sector. Finance companies in
          •   Forming of the EAG and assigning the role of the FATCA Responsible Officer    Asia are actively seeking solutions and consultancy
                                                                                            offers in the areas of:
11.30     End of Workshop                                                                   • Developing implementation strategies and
                                                                                                solutions
About the Workshop Leader:                                                                  • FATCA consultancy
          Jochen Kuhlhoff specialises in the management of international projects in        • Legal and regulatory advice
          the banking and financial services industry. Jochen’s work experience includes    • Risk management and mitigation
          various project management and business development positions in Europe,
          North America, and Asia. Presently he co-ordinates the FATCA implementation       Discover new business opportunities and get your
          project for Commerzbank Group.                                                    first mover advantage now with this truly regional
Jochen studied business administration at the Universities of Goettingen and Bielefeld.     event. A Practical Response to FATCA will give you
                                                                                            face time with your principal client base, and create
                                                                                            opportunities for you in Asia’s FATCA domain.
WORKSHOP B                                                                                  Benefits of Speaking and Exhibiting as a Sponsor of
  Internal management of KYC compliance and                                                 this Event:
                                                                                            1. Thought Leadership: showcase your expertise,
  customer relationships                                                                       superior products and services, and impress your
                                                                                               prospects.
Explore existing KYC and AML procedures with Phillipa Allen from Compliance Asia and
discuss how you can make them FATCA compliant.                                              2. Maximise your exposure by leveraging on our
                                                                                               marketing resources, including print
12.30     “Meet and Greet” the Workshop Leader                                                 advertisements, website, email campaigns to
                                                                                               over 10,000 finance professionals.
12.45     How can you ensure that:
                                                                                            3. Optimise your influence: chair or moderate at
          • Learn to identify administrative bottlenecks before it is too late
                                                                                               the event and shape the event flow – this is your
          • Strategy sharing sessions with a group of your peers on staff training
                                                                                               opportunity to influence the audience and
            regimes
                                                                                               position your organiSation as an industry leader
          • Your KYC and AML procedures are improved to meet FATCA requirements
          • Develop and implement a process that enables you to achieve a compliant         4. Be one step ahead – host a networking lunch –
            status                                                                             let it be your corporate lunch! Discuss business
                                                                                               in an informal way
14.30     End of Workshop
                                                                                            5. Tailored business development arrangements:
About the Workshop Leader:                                                                     targeted prospect invitation to ensure you
           Philippa Allen, CEO and Managing Director of ComplianceAsia, has over 20            are meeting the right people and developing the
           years extensive experience of business and regulation in Japan, Korea, Taiwan,      business relationship you desire
           the PRC, Hong Kong, Singapore, South East Asia, the Indian Subcontinent and
           Australia. She has extensive knowledge of business and regulation in both        Limited sponsorship opportunities are now
           the developed and emerging economies of the region. She has considerable         available! Contact us today to explore how you
experience in industry led lobbying of Asian Regulators and has been a member of various    can best leverage this platform to achieve your
consultative groups with regulatory bodies.                                                 business objectives: Call +65 6722 9388 or email
                                                                                            sponsorship@iqpc.com.sg




  P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg                                                   www.fatcaasia.com
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                                                                                                                                                                                                             IQPC CANCELLATION, POSTPONEMENT AND SUBSTITUTION POLICY
                                                                                                                                                                                                             • You may substitute delegates at any time by providing reasonable advance notice
     Workshop only                  A         B                                                                                                        499
                                                                                                                                                                                                             to IQPC. • For any cancellations received in writing not less than eight (8) days
                                                                                                                                                                                                             prior to the conference, you will receive a 90% credit to be used at another IQPC
*Discounts DO NOT apply to workshop(s)-only bookings                                                                                                                                                         conference which must occur within one year from the date of issuance of such
*Singapore companies, please add prevailing GST.                                                                                                                                                             credit. An administration fee of 10% of the contract fee will be retained by IQPC
*Registrations without immediate payment or credit card details will incur a processing fee of SGD99 per registration                                                                                        for all permitted cancellations. No credit will be issued for any cancellations
                                                                                                                                                                                                             occurring within seven (7) days (inclusive) of the conference. • In the event that
                                                                               DELEGATE DETAILS                                                                                                              IQPC postpones an event for any reason and the delegate is unable or unwilling to
                                                                                                                                                                                                             attend in on the rescheduled date, you will receive a credit for 100% of the contract
Salutation / First Name: ...................................................................... Last Name: ...........................................................................                       fee paid. You may use this credit for another IQPC event to be mutually agreed with
                                                                                                                                                                                                             IQPC, which must occur within one year from the date of postponement. • Except
Job Title: ............................................................................................... Email: ....................................................................................       as specified above, no credits will be issued for cancellations. There are no refunds
                                                                                                                                                                                                             given under any circumstances. • IQPC is not responsible for any loss or damage
Tel : .........................................................(Office) .............................................. (Mobile) Fax:...............................................................          as a result of a substitution, alteration or cancellation/postponement of an event.
                                                                                                                                                                                                             IQPC shall assume no liability whatsoever in the event this conference is cancelled,
Department:.......................................................................................... Company: .............................................................................                 rescheduled or postponed due to a fortuitous event, Act of God, unforeseen
                                                                                                                                                                                                             occurrence or any other event that renders performance of this conference
Address:..................................................................................................................................................................................................   impracticable, illegal or impossible. For purposes of this clause, a fortuitous event
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Postcode: .............................................................................................. Country: ................................................................................           emergency. • Please note that while speakers and topics were confirmed at the time
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Signature: ............................................................................................. Date: .....................................................................................         DISCOUNTS:
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Please note:                                                                                                                                                                                                 Please email our Database Manager at enquiry@iqpc.com.sg and inform them of any
- If you have not received an acknowledgement before the conference, please call us at +65 6722 9388 to confirm your booking.                                                                                incorrect details which will be amended accordingly.
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Fatca brochure

  • 1. EXCLUSIVELY PRESENTS Main Conference: 9 October 2012 • Post-Conference Workshops: 10 October 2012 • Venue: Amara Hotel, Singapore A Practical Response to FATCA The Foreign Account Tax Compliance Act (FATCA) will mandate a cohesive plan for implementation and response. You need to be ready and there is only one place to discuss the best way to prepare for FATCA. A Practical Response to FATCA is a not-to-be-missed event that brings worldwide financial professionals together to celebrate milestones and overcome implementation hurdles. FATCA will only be the first sample of a new type of world-wide regulation. Only by sharing information will financial institutions be able to minimise the unprecedented impact. Erik Wilgenhof-Plante, DZ PrivatBank A Practical Response to FATCA will provide an excellent opportunity for all organisations to take stock of their approach to FATCA and share industry practice in considering a sustainable and commercial way forward. Kane Jones, National Australia Bank A Practical Response to FATCA will provide an excellent opportunity for financial organisations to get a comprehensive understanding of the complex challenges and already applied approaches to become FATCA compliant. Jochen Kuhlhoff, Commerzbank Discover the latest insights and concerns about these rapidly evolving regulations from 11 speakers who represent the international financial community P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg www.fatcaasia.com
  • 2. MEET YOUR SPEAKERS Mark Oh Head of Tax Asia Pacific BlackRock The Foreign Account Tax Compliance Act (FATCA) has taken the financial world by Mark Oh is the Head of Tax for BlackRock’s Asia Pacific business, based in Hong Kong. Mark’s service storm, compelling many industries to direct with the firm dates back to 2007, including his years with Barclays Global Investors (“BGI”), which merged their energies to processing and applying with BlackRock in 2009. At BGI, he was the Director of Tax for BGI Australia, where he had oversight the required regulations to their business and responsibility of the corporate and product tax functions for BGI. In his current role, Mark has practices. A foreign financial institution (FFI) responsibility for all key strategic and tactical tax obligations, including corporate tax, product tax, tax could face significant consequences if it fails strategies, tax risk management and tax controversy matters throughout the Asia Pacific region. Prior to joining BlackRock, Mark was the Head of Tax for Wealth Management and Financial Planning at to enter into an agreement with the IRS. Challenger Financial Services Limited. Mark holds bachelor degrees in Business and in Laws from the University of Technology, Sydney. He is also admitted as a Solicitor and Barrister of the Supreme Court With FATCA, everyone is in the same boat. of New South Wales. You need to become compliant within a rigid timeline and dedicate a substantial amount of your budget to do so. New regulations will require you to reassess your company’s current AML and KYC practices, relationship Philip Tye management, documentation, and IT systems, Founding partner and MD which means aligning all key stakeholders, DragonBack Capital such as operations, risk, technology, legal and tax, to become FATCA compliant in order to not jeopardise your business operations. The Phil has been a senior fixture of the Asia finance industry for the past 14 years of his 20 year plus career. impending release of the final regulations Prior to founding DragonBack in early 2007, Phil was the Chief Financial Officer of PMA, which was one of Asia largest hedge fund companies. Previously he worked at Credit Suisse where he was Director further exacerbates the position of foreign in the Prime Brokerage unit with regional responsibility for Asia Pacific. He has also held a number of financial institutions (FFIs) as they are other senior positions including Chief Operating Officer for Asian Equities and head of the Strategic Philip Tye – Co-Founder and Managing Director, DragonBack Capital Limited unable to proceed with certainty on process Phil has been a senior fixture of within the industry for the past 14 years of hisBefore Credit Suisse, Phil worked at KPMG in both Projects Group the Asia finance finance department. 20 year plus restructuring without knowing what is career. Prior to founding DragonBack in early 2007, Phil was the Chief Financial Officer of PMA, which was one of Asia largest hedgeKong focusing on providingCredit Suisse services to banking and securities companies London and Hong fund companies. Previously he worked at financial expected of them. across the region. He holds a Bachelor of Science degree from the University of Essex and is a member where he was Director in the Prime Brokerage unit with regional responsibility for Asia Pacific. He has also held a number of other senior positions including Chief Operating Officer for Asian Equities and head of the Strategic Projects Group within the finance department. Before Credit Wales. Philip is also a Director and Executive of the Institute of Chartered Accountants in England & Suisse, Phil worked at KPMG in both London and Hong Kong focusing on providing financial The diverse jurisdictions across Asia-Pacific services to banking and securities companies across the region. He holds a BachelorInstitute, a Director and Member of the Global AIMA Committee member of The Hong Kong Securities of Science degree from the University of Essex and is a member of the Institute of Chartered Accountants in further amplifies implementation challenges Council and sits on the AIMA Hong Kong Executive Committee. England & Wales. Philip is also a Director and Executive Committee member of The Hong Kong Securities Institute, a Director and Member of the Global AIMA Council and sits on the AIMA as companies in the region need to mitigate Hong Kong Executive Committee. local law and the IRS requirements or risk paying a 30% withholding tax. Luis Antonio Jacinto To achieve a compliant status, financial Vice President Risk Management Systems Officer institutions must realign existing practices Rizal Commercial Banking Corporation with FATCA. A Practical Response to FATCA is the perfect platform for discussion amongst foreign financial institutions and other Mr. Luis A. Jacinto is currently Vice President and Risk Management Systems Officer at the Rizal professional organisations to prepare for Commercial Banking Corporation (RCBC). He belongs to the Corporate Risk Management Services FATCA. (CRISMS) Group and is directly in-charge of project management for IT and other systems; he also has oversight responsibility over the Bank’s information security and IT risk management. He has been This event will address the needs of individual tasked to take the lead in the Bank’s effort towards FATCA compliance. He is an Industrial Engineer through which he has gained his process orientation. Mr. Jacinto has been an Information Technology practitioners and companies as they seek to practitioner for over twenty seven years, through which he gained his IT governance experience. He has undercover the FATCA regulations and apply it concurrently spent more than nineteen of those years both as a training professional and as an educator. to their company. It will also provide functional managers and business leaders with insights to the process, organisation and technologies needed to ensure that Sean McGrady their organisation becomes FATCA compliant. Department(Singapore) Pte. Tax Goldman Sachs Sean McGrady Executive Director Tax Department We look forward to meeting you and Goldman Sachs sharing the ideas and insights from leading professionals in the finance sector. Sean McGrady is an Executive Director in the Tax Department of Goldman Sachs. He is based in the See you in Singapore this October! Singapore office and is responsible for reviewing and handling the US tax matters of Goldman Sachs in a number of Asia Pacific Ex-Japan jurisdictions. Sean joined Goldman Sachs in 2007 in New York and S ean Mcgrady is an Executive Director in the Tax Department of Goldman Sachs. He Hong Kong in 2008 where he worked for almost 3 years before moving to the Singapore relocated to is office in 2011. Prior to joining Goldman Sachs, he practiced tax law for 5 years in the New York office based in the Singapore office and is responsible for reviewing and handling the U.S. tax matters of Goldman Sachs in a number of Asia Pacific Ex-Japan jurisdictions. of Paul Hastings, primarily in the area of corporate and international tax. He also spent 2 years in Sean McGrady joined Goldman Sachs in 2007 in New York and relocated to Hong Kong in Tax Services Department of Ernst & Young, and has 12 years of experience in the tax field. International Sean received a J.D from Florida State University and an LL.M. in Taxation from New York University 2008 where he worked for almost 3 years before moving to the Singapore office in 2011. Prior to joining Goldman Sachs, he practiced tax law for 5 years in the New York office of Paul Hastings, primarily in the area of corporate and international Schoolspent 2 years tax. He also of Law. in International Tax Services Department of Ernst & Young, and has 12 years of experience in the tax field. Sean McGrady received a J.D from Florida State University and an LL.M. in Taxation from New York University School of Law. P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg www.fatcaasia.com
  • 3. MEET YOUR SPEAKERS David Cope Jason Choi Erik Wilgenhof Plante Executive Director, Legal Senior Associate Head of Compliance and Compliance Latham & Watkins LLP DZ PrivatBank Morgan Stanley Jason Choi’s practice includes the U.S. federal David Cope is an Executive Director in Morgan Erik’s banking career started in 1996 with ABN taxation of corporations, partnerships, tax-exempt Stanley’s Legal and Compliance department and AMRO in the Netherlands. In 2007, he transferred organisations and real estate investment trusts, is currently based in Hong Kong. Mr. Cope is the to Singapore and joined Commerzbank two years including the international, federal, state and local Regional Anti-Money Laundering and Sanction later. His current role is Head of Compliance for tax consequences associated with mergers and Compliance Coverage Manager for the Asia Pacific DZ PRIVATBANK Singapore. Erik studied law acquisitions, spinoffs, corporate reorganisations Region including Japan. Prior to joining Morgan at the University of Amsterdam, holds an MBA and financing and derivative transactions. He Stanley in 2008, David was a Detective Chief from Webster University, St.Louis, USA. He is also has regional tax advisory experience in Asia, Inspector in the Hong Kong Police Force. His Police board member of ACAMS Singapore and network including tax planning for inbound and outbound service included postings to the Commercial Crime chairman of the International Compliance businesses to and from Asia, and assisting clients Bureau, Organised Crime and Triad Bureau, Joint Association. on mergers and acquisitions, joint ventures and Financial Intelligence Unit and Narcotics Bureau. other investments in Asia. Jason is an active During his Police career, David specialised in the member of the American Chamber of Commerce investigation of financial crime, money laundering, and the International Fiscal Association in and the restraint and confiscation of the proceeds Singapore, the American Bar Association, of crime, and he was involved as lead investigator Jochen Kuhlhoff the State Bar of California, the Los Angeles in the successful prosecution of a number of Manager International County Bar Association and the Pasadena Bar landmark financial crime and money laundering Association. He has also spoken and written on cases in both the District and High Court of Hong Projects various tax issues for numerous professional tax Kong. David was, and continues to be involved Commerzbank organisations and publications. in developing laws and policies to improve Hong Kong’s Anti-Money Laundering regime. David Jochen Kuhlhoff specialises in the management holds an LLB and a Masters in Criminology, is of international projects in the banking and trained as a FATF Evaluator, and has lectured financial services industry. Jochen’s work widely on Anti-Money Laundering and Sanction experience includes various project management Peter Douglas Compliance issues in the Asia Pacific region. and business development positions in Europe, Chief Executive Officer North America, and Asia. Presently he co- GFIA ordinates the FATCA implementation project for Commerzbank Group. Jochen studied business David Weisner administration at the Universities of Goettingen Peter Douglas, CAIA, a pioneer of the Asian US Tax Counsel for Asia and Bielefeld. hedge fund industry, is the principal of the firm, Pacific GFIA pte ltd, and a senior consultant of Laven Citibank GFIA, a co-operation between GFIA and Laven Partners, a global consulting firm focused on the alternative investment industry. He has been David Weisner is based in Hong Kong and is the Dr. Ulrich L. Göres (Invited) researching the hedge and absolute return fund US Tax Counsel for Asia Pacific for Citigroup. He Global Head Group universe in Asia since 1998, and has been a fund handles the tax issues for variety of businesses Compliance, Legal & management professional since 1985, working in throughout Asia Pacific. Prior to joining Citigroup Security Chief Compliance London, Singapore, Sydney, and Tokyo. He was an in 2003, David worked at Fidelity Investments Officer Alternative Investment Management Association in Boston as international tax counsel. Prior to Erste Group Bank AG (AIMA) Council member for 10 years, and was the Fidelity Investments, David worked for White & inaugural Chairman of the Singapore National Case, a New York based law firm, and Deloitte Group and the inaugural Asia-Pacific regional & Touche, a big 4 accounting firm. David is Dr. Ulrich L. Göres is the Head of Compliance, representative of the Association. He sits on the President of the Asia Chapter of the Tax Executive Legal & Security at Erste Group Bank AG and is board of the Chartered Alternative Investment Institute (“TEI”), on the executive committee of responsible for these areas across the entire Analyst (CAIA) Association. Peter holds a MBA the Capital Market Tax Committee (“CMTC”), on Group. He is the Chief Compliance Officer (CCO) from INSEAD (France), and is a pioneer-cohort the tax committee for the Hong Kong chapter of and General Counsel and reports directly to the CAIA charterholder. He is the only Singapore Alternative Investment Management Association Management Board. Currently, his main projects Financial Industry Certified Professional from the (“AIMA”) and leads the FATCA subcommittee for include the Group-wide implementation of alternative investment industry. the Hong Kong Association of Banks (“HKAB”). FATCA and MiFID II. Prior to joining Erste Group in December 2010, Ulrich worked in a number of leading industry positions at Commerzbank, WestLB, Deutsche Bank, BaFin and Morgan Stanley. He is a lecturer at the University of Kane Jones Muenster for capital markets law. He regularly Head of Risk publishes contributions on legal topics and is also National Australia Bank publisher of the German Corporate Compliance Magazine (CCZ). He was one of the founders of the German Certified Compliance Professional Programme in 2008 and recently founded the Kane Jones currently holds the position of Head of Risk for National Australia Bank’s Singapore office. As Certified Compliance Professional Programme part of this role, Kane is responsible for the oversight and administration of all aspects of Operational and for Central & Eastern Europe (CCP CEE). Ulrich Credit Risk as well as Compliance and Regulatory engagement. Prior to joining the Asia business, Kane spent has been a member of the European Compliance over 10 years with the NAB Group in Australia – most recently managing the Credit Underwriting function Conference Committee and a speaker there since for Personal Banking. Kane’s diverse Banking background has included roles across Policy, Governance and 2010. Ulrich holds a law degree and a PhD from front-line Relationship Management. Kane holds a Bachelor of Business (Banking & Finance) and Bachelor the University of Muenster. of Business (International Trade) from Monash University. P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg www.fatcaasia.com
  • 4. CONFERENCE DAY Tuesday, 9 October 2012 08.45 Opening Remarks from the Chairperson • What are the consequences for participating FFIs if they do? Kane Jones, Head of Risk 09.00 Managing Group wide client onboarding process after the National Australia Bank implementation of FATCA • Description of the Group wide client onboarding process Mark Oh, Head of Tax Asia Pacific within Erste Group Bank AG after the implementation of BlackRock FATCA Philip Tye, Founding Partner and MD • Examine FATCA versus local data protection rules and DragonBack Capital explore the potential solutions • Understanding the role of Group Compliance during and 12.30 Lunch & Networking Break after the implementation of FATCA • Anticipating challenges within the implementation process 13.30 Panel Discussion: How to be compliant without impacting local jurisdiction laws? Dr. Ulrich Goeres (Invited Speaker) Sharing customer data with a third party, even if it is the US Global Head Group Compliance, Legal & Security Chief IRS, goes against everything banking laws stand for. The Compliance Officer following session will address how FFIs can align client secrecy Erste Group Bank AG with FATCA. 09.30 Using existing IT systems to become compliant • Developing a strategy to manage customer privacy within • Do I need new systems to become FATCA compliant? the new regulations • The way forward; new legislation after FATCA and how I can • Who should you disclose information to? The IRS, local use existing systems to become compliant regulators, or an alternative third party? • Integration of FATCA in existing processes and procedures. Luis Antonio Jacinto, Vice President Risk Management • Changing systems and mindsets; an equal challenge. Systems Officer, Rizal Commercial Banking Corporation Erik Wilgenhof Plante Philip Tye, Founding partner and MD Head of Compliance DragonBack Capital DZ PrivatBank David Cope, Executive Director, Legal and Compliance 10.00 Impact of FATCA on transactional documentation Morgan Stanley • Explore the impact FATCA has on transactional 14.30 How FATCA affects Non-Financial Foreign Entities (NFFEs) documentation and Multinational Corporations (MNCs) • Restructuring documents to improve FATCA compliance • The changing factor: How the new regulations affect NFFEs • Optimising transactional documention across the entire and MNCs corporate process • Preparing NFFEs and MNCs for FATCA • Take aways to improve your entire business model for • Requirements for NFFEs to become compliant with FATCA FATCA • Explore how FATCA could impact relations between NFFEs/ David Weisner MNCs and foreign financial institutions US Tax Counsel for Asia Pacific Jason Choi Citibank Senior Associate 10.30 Morning Tea & Networking Break Latham & Watkins LLP 11.00 Understanding and overcoming the mechanics of passthru 15.00 Afternoon tea & Networking break income 16.00 Panel Discussion: FATCA Pressure Points: Managing • Defining what constitutes as passthru income compliance, IT, reporting and auditing processes • Assigning responsibility: Who is in charge, Bank, custodian, • What administrative bottlenecks can you expect and how to Investment Fund, Insurance company overcome them? • Calculating and reporting the passthru payment percentage • Identifying issues that can cause bottlenecks and Sean McGrady prioritising the changeover effectively Executive Director Tax Department • Developing a formula to calculate the cost of compliance Goldman Sachs • Planning a budget and controlling its execution 11.30 Customising your compliance model: Do FFIs in Asia need to Kane Jones, Head of Risk respond differently? National Australia Bank • How different is the Asian model from the European model? Mark Oh, Head of Tax Asia Pacific • Identifying what needs to be customised BlackRock • Overcoming implementation challenges Philip Tye, Founding partner and MD Peter Douglas DragonBack Capital Chief Executive Officer Luis Antonio Jacinto, Vice President Risk Management GFIA Systems Officer, Rizal Commercial Banking Corporation 12.00 Panel Discussion: Strategies in dealing with non-compliant FFIs 17.00 Closing remarks from the Chairperson • Is it possible to do business with non-compliant FFIs while remaining compliant? 17.15 End of conference • What risks can you be exposed to? P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg www.fatcaasia.com
  • 5. POST-CONFERENCE WORKSHOP Wednesday, 10 October 2012 WORKSHOP A Setting up and managing a full service bank FATCA group project As foreign financial institutions gear up to become FATCA compliant, one of the biggest tasks is to organise a FATCA Group to identify and work through the challenges. How can you ensure that: • You are fully prepared to manage FATCA on multi-tier level • Develop and implement a strategy that is managed efficiently and effectively Uncover how Jochen Kuhlhoff with Commerzbank demonstrates a proven and effective set up of a FATCA Group project, specifically designed to increase your understanding of key FATCA challenges; KYC processes, relationship management and IT set up as they apply to financial institutions. Take advantage of the exclusive sponsorship 09.00 “Meet and Greet” the Workshop Leader opportunities this event offers 09.15 • Overall responsibility for the bank’s FATCA compliance • The set up of a group-wide FATCA implementation project FATCA implementation presents a huge range • Essential milestones of the project of opportunities for consultancies and solution • Centralised and decentralised topics providers in the finance sector. Finance companies in • Forming of the EAG and assigning the role of the FATCA Responsible Officer Asia are actively seeking solutions and consultancy offers in the areas of: 11.30 End of Workshop • Developing implementation strategies and solutions About the Workshop Leader: • FATCA consultancy Jochen Kuhlhoff specialises in the management of international projects in • Legal and regulatory advice the banking and financial services industry. Jochen’s work experience includes • Risk management and mitigation various project management and business development positions in Europe, North America, and Asia. Presently he co-ordinates the FATCA implementation Discover new business opportunities and get your project for Commerzbank Group. first mover advantage now with this truly regional Jochen studied business administration at the Universities of Goettingen and Bielefeld. event. A Practical Response to FATCA will give you face time with your principal client base, and create opportunities for you in Asia’s FATCA domain. WORKSHOP B Benefits of Speaking and Exhibiting as a Sponsor of Internal management of KYC compliance and this Event: 1. Thought Leadership: showcase your expertise, customer relationships superior products and services, and impress your prospects. Explore existing KYC and AML procedures with Phillipa Allen from Compliance Asia and discuss how you can make them FATCA compliant. 2. Maximise your exposure by leveraging on our marketing resources, including print 12.30 “Meet and Greet” the Workshop Leader advertisements, website, email campaigns to over 10,000 finance professionals. 12.45 How can you ensure that: 3. Optimise your influence: chair or moderate at • Learn to identify administrative bottlenecks before it is too late the event and shape the event flow – this is your • Strategy sharing sessions with a group of your peers on staff training opportunity to influence the audience and regimes position your organiSation as an industry leader • Your KYC and AML procedures are improved to meet FATCA requirements • Develop and implement a process that enables you to achieve a compliant 4. Be one step ahead – host a networking lunch – status let it be your corporate lunch! Discuss business in an informal way 14.30 End of Workshop 5. Tailored business development arrangements: About the Workshop Leader: targeted prospect invitation to ensure you Philippa Allen, CEO and Managing Director of ComplianceAsia, has over 20 are meeting the right people and developing the years extensive experience of business and regulation in Japan, Korea, Taiwan, business relationship you desire the PRC, Hong Kong, Singapore, South East Asia, the Indian Subcontinent and Australia. She has extensive knowledge of business and regulation in both Limited sponsorship opportunities are now the developed and emerging economies of the region. She has considerable available! Contact us today to explore how you experience in industry led lobbying of Asian Regulators and has been a member of various can best leverage this platform to achieve your consultative groups with regulatory bodies. business objectives: Call +65 6722 9388 or email sponsorship@iqpc.com.sg P: (65) 6722 9388 • F: (65) 6720 3804 • E: enquiry@iqpc.com.sg www.fatcaasia.com
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