Investment and Managing Risk Highlighted at CTBC Bank Annual Event
December 12 2017 - 5:59PM
Business Wire
Premier family office and real estate experts revealed best
practices for managing investments in times of uncertainty and
market shifts at CTBC Bank’s annual year-end event yesterday. CTBC
Bank’s signature Customer Appreciation Luncheon, which invites top
clients and leading community members, was held at the Jonathan
Club in Los Angeles.
“While some of our peer banks are leaving the U.S. market, we
are here to stay,” said Morris Li, Chairman of CTBC Bank, in
kicking off the event. “With the recovery of the U.S. economy, we
are optimistic about the business outlook. We can assure you that
CTBC will continue to invest more in the local communities to
better serve our customers and stakeholders.”
The program included remarks by Noor Menai, President and CEO of
CTBC Bank USA, and findings from the bank’s recently released
survey on managing risk (video link). Menai then led a Q&A
“Fireside Chat” panel on navigating market uncertainty with Wendy
Paskin-Jordan, Founder and CEO of Paskin Capital Advisors and
Commissioner of San Francisco Employees’ Retirement System, and
Timothy Ballard, Co-Founder and CEO of real estate investment firm
Buchanan Street Partners.
Highlight remarks from the panel included:
- Wendy Paskin-Jordan: “Using
baseball terminology, we believe we’re in ‘extra innings’ — the
overtime of this U.S. market expansion. Thus, for our clients, we
are investing in uncorrelated or cheaper asset classes around the
world that offer more upside potential and limit public market
downside exposure. In particular, we are focused on distressed
credit opportunities, hedged public market strategies, and illiquid
alternatives including private equity.”
- Timothy Ballard: “Concern over
rising interest rates is not an immediate worry. Historically, we
haven’t seen a tremendous negative correlation between rising
interest rates and real estate values. Generally speaking, interest
rates rise during times of economic expansion and increasing
inflation. Both of those factors tend to benefit real estate
investments.”
- Noor Menai: “While,
surprisingly, more than half of the wealthy people we surveyed for
our report are optimistic about the economy’s direction, an
overwhelming 76 percent are concerned about geopolitical risk and
another 68 percent are concerned about political uncertainty.
Still, even with these factors at play, savvy investors are often
able to mitigate many of these risks by making the necessary
adjustments based on the right data and right knowledge.”
Last month, the company released its CTBC Bank Survey: Managing
Risk report, which examines financial and investing sentiment
connected to the economy, equity markets, real estate, commodities,
interest rates, national policy, geopolitical issues, technology
disruption and whom respondents trust with investment decisions in
uncertain times.
The survey included responses from 508 high-net worth
individuals with $1 million or more in investable assets residing
in California, New York and New Jersey, with no direct connection
to the bank. The CTBC report also included insight on the survey
findings from economic, wealth management and real estate
experts.
About CTBC Bank Corp. (USA)
CTBC Bank USA is a trusted and established institution providing
commercial and retail customers with a real financial bridge to the
next state of their lives and businesses. Founded in 1989 and
headquartered in Los Angeles, CTBC Bank operates branches in
California, New Jersey, and New York. The bank’s operations include
deposits, loans, credit cards, foreign exchange, letters of credit,
wealth management, mobile, and electronic banking services.
Customers benefit from access to large bank resources coupled with
individual attention and customized service of a small bank. Its
parent company, CTBC Bank Co. Ltd., is supported by $120 billion in
assets and is among the largest banks in the world in terms of
capital. For more information about CTBC Bank, visit
www.ctbcbankusa.com.
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For CTBC Bank:Dan Margolis+1 (213)
452-6472dan.margolis@fticonsulting.comorSean Liao, for Chinese
Media+1 (424) 277-4531sean.liao@ctbcbankusa.com