Highlights

We are in the mist of the COVID-19 pandemic where every sector of the economy is experiencing a downturn, and the financial services sector is no exception to that. During this economic downturn, firms in the financial services sector should be more vigilant than ever to the heighted risks exposed to them, and one of those risks is the risk of misappropriation of assets.  In this Webinar, the speaker will discuss the latest enforcement actions against licensed corporations which mishandled their clients’ assets, as well as the SFC’s requirements and expectations in relation to protection of client assets for licensed corporations.

Speaker(s)

Mr Ernest YIU, Managing Director, Financial Services, Mazars Hong Kong.

Ernest is the Head of Financial Services for Mazars Hong Kong. He has over 20 years of experience in the financial services industry with a special focus on regulatory compliance. Prior to joining Mazars in July 2020, Ernest was one of the leaders in the regulatory consulting practices in EY HK and PwC HK, providing regulatory advisory services to the financial services sector in HK. He has advised numerous financial institutions covering a wide range of risk/regulatory topics including corporate governance, client asset protection, investment product suitability, risk management framework, anti-money laundering, pre-regulatory inspection preparation work and independent regulatory assessments driven by regulators. Ernest is a frequent speaker on risk, regulatory and compliance topics for the financial services sector. He is a member of the AICPA and he holds a Master degree in Professional Accounting and a Bachelor degree in Business Administration from the University of Texas at Austin, U.S.A.