Republic Bank Hosts Wealth Management Seminar For Its Corporate Customers

Caption: Republic Bank’s Managing Director, David Dulal-Whiteway (second from left) stands with visiting, Senior Vice President-Investment of UBS International, Claudio Salazar, yesterday (February 9) at the Wealth Management Seminar held for Corporate Customers at the Radisson’s Hotel on Wrightson Road, Port-of-Spain. Also sharing in the spotlight is Republic Bank’s head of the Wealth Management Services Limited, Karen Yip Chuck and Michael Ryan, Managing Director/ Chief Investment Strategist of UBS Financial Services Inc who also visited Trinidad, to deliver the feature address at the event.

Port-of-Spain, Trinidad, February 10, 2015:Over 300 corporate clients in the local business community, were challenged to maneuver and adjust their “sails”, to successfully withstand the threat of the current economic headwinds. This was some of the advice shared yesterday (February 9) as Republic Bank, under the auspices of its Trust Services Division and Republic Wealth Management Limited, hosted its’ first Corporate/ Wealth Management Seminar, at the Radisson Hotel on Wrightson Road, Port-of-Spain.

The Seminar, themed, “Navigating Your Business and Investments through the Present Economic Climate” was aimed at sharing with some of the Bank’s Corporate Clients, information that could assist them in making informed decisions, as it related to the overall market volatility in oil, gas and international securities.

Republic Bank’s Managing Director, David Dulal-Whiteway, told the audience that through the seminar, the Bank’s aim, was to provide them with an appreciation of some topical issues, relevant to the financial markets and oil and gas economies.

In emphasizing the Bank’s offerings in the trust arena, he spoke to the fiduciary responsibility and prudence with which the Bank discharged its duties to clients over the course of 76 years.

Karen Yip Chuck, GM Wealth Management and the MC for the occasion, said: “we continue to see consumer and investor uncertainty, unprecedented liquidity, historically low yields, geopolitical tensions throughout the world, sliding Euro and deflationary pressures in the USA”.

Guiding the audience through the use of a power point presentation, entitled, “2015: Divergence, Dispersion and Volatility”, feature speaker, Michael P. Ryan, Chief Investment Strategist, Wealth Management Americas at UBS Financial Services Inc, shared his perspective from an international standpoint on some of the challenges posed by the 2008 financial crisis.

His thesis centered on the divergence in policies adopted by the respective central banks in the developed markets and the impact that has had on relative growth rates. Mr. Ryan indicated that while the US is once again leading global growth higher, it is no longer large enough or strong enough to carry the world economy.

Ryan noted that growth in many of the large emerging markets has been declining since the financial crisis. “Emerging economies need to shift gears and rely less on a single export model” he added.

Also making contributions to the seminar were: Amar Ramlogan, Manager Regional Operations and former Bank Economist; Brendon Howell, Manager Marketing and Product Development; Najette Abraham, Trinidad Representative for Republic Bank (Cayman) Limited and Godfrey Gosein, Chief Executive Officer of Republic Securities Limited.