Global Regtech Ecosystem and Hong Kong – Market, Growth and Directions

Brian Tang – Partner at KPMG in China

BRIAN W TANG is an innovator, educator and ecosystem builder who has worked in the confluence of law, technology and finance in Hong Kong, New York and Silicon Valley. After a career at Credit Suisse and Sullivan & Cromwell, Brian founded ACMI and is founding executive director of LITE Lab@HKU, an interdisciplinary and experiential programme that fosters law, innovation, technology and entrepreneurship (LITE) at HKU’s Faculty of Law.

Brian is a globally recognized author, speaker and authority in:

Brian is co-author of Wiley’s The FinTech BookThe RegTech Book The AI Book and The LegalTech Book.

Paul McSheaffrey – Partner at KPMG in China

has over 16 years’ experience in Hong Kong serving a wide range of financial institutions.

As the Head of Banking & Capital Markets, Paul has worked with a variety of clients in Hong Kong and across Asia advising them on a range of matters. Paul has a personal focus on advising clients how to strengthen and improve their governance, risk management and compliance processes, particularly in relation to matters around Conduct Risk In the past he has advised clients on IPO sponsor processes, financial crime and reporting, both regulatory and external. Paul regularly engages with regulators, principally the HKMA, sharing views on industry and client matters.

Ian Loh – Project Leader, Expand Research at BCG

Ian leads the Asia research team of BCG FinTech Control Tower. An experienced professional in financial services, he has produced multiple studies across topics in RegTech, FinTech, Digital Banks and Digital Identity. Ian most recently led a global research on the RegTech ecosystem to identify adoption challenges and best-in-class approach by regulators seeking to drive sector growth. The study also assessed key compliance friction at financial institutions and opportunities for innovative solutions. Prior to the FinTech Control Tower, Ian was an active chair of industry roundtables with Heads of Technology Risk, Cybersecurity, joined by policy makers such as the Hong Kong Monetary Authority.

Mo Harvey – Head of Financial Services & FinTech at Enterprise Ireland

Mo Harvey is FinTech & Financial Services Lead for Asia-Pacific for Enterprise Ireland (Europe’s Most Active Seed Investor – Pitchbook 2019). Based in Hong Kong, Mo is responsible for helping start and scale FinTech companies in APAC, working with entrepreneurs to identify and harness opportunities in the financial services industry. Mo helps develop fundraising, market-entry and growth strategies, innovation and provides on the ground support to companies in the region with her team across Europe, China, Singapore, India, Korea, Japan and Australia. Enterprise Ireland has a portfolio of over 200 FinTech companies across Payments, RegTech, Cloud, InsurTech etc. and works with over 40 of those companies active in Asia-Pacific. As a former lawyer, Mo’s areas of focus are RegTech and LegalTech. Prior to joining Enterprise Ireland in 2018, Mo was a corporate lawyer for almost 10 years (in Ireland and Hong Kong) and a member of Women in Law HK and IWIRC. In 2019, she joined AngelHub (Hong Kong’s first regulated equity crowdfunding platform) as a member of the Investment Committee and is actively involved in the tech start-up scene in Asia as an investor.

Financial Services Risk & Innovation

Aveline San – Chief Compliance Officer at Citi APAC

Aveline joined Citibank N.A. in April 2019 as Regional Chief Compliance Officer for Asia Pacific. She was admitted as a solicitor and barrister in Australia in 1997. She joined Slaughter and May’s Hong Kong office in 1999 and thereafter joined UBS in February 2005 as a Transaction Lawyer. She transitioned into Compliance in 2007 as Head of Investment Banking and Research Compliance for Asia, subsequently running North and South Asia Compliance on a cross product basis. In January 2013 she became UBS’ General Counsel for Wealth Management North Asia. In October 2016, she was appointed the APAC Group Regional Head of Compliance & Operational Risk Control in addition to her role as APAC Wealth Management Head for the function. Aveline has been the Chair of the Compliance Committee of ASIFMA since 2017, actively promoting industry collaboration on innovation initiatives and leading regulatory dialogues on industry topics.

Lareina Wang – Head of Smart Banking at HSBC

Lareina Wang is the Head of Smart Banking for HSBC Wealth and Personal Banking in Hong Kong. In this role she leads the implementation of HKMA Smart Banking initiatives as well as the bank’s Digital Partnerships and Innovation agenda. Lareina chairs Open API Taskforce in Hong Kong Association of Banks. She was Head of FinTech Partnerships at HSBC UK where she focussed on the acceleration of HSBC’s innovation agenda and led two successful tests within the FCA Regulatory Sandbox. Lareina was heavily involved in defining Open Banking strategy for HSBC UK. 

Prior to that, Lareina held various senior digital roles in HSBC, Barclays and Ogilvy in London.  

Lareina holds a BA in English Literature and an MSc in International Marketing.

Irene Lee – RegTech Compliance Lead at UBS

Irene is the Compliance Director in UBS AG who brings a wealth of expertise and leads in various areas such as regulatory technology (Regtech), wealth management product compliance, regulatory change governance. She is a talented and seasoned executive with over 10 years of extensive compliance experiences in financial sectors including private bank, commercial bank and insurance company. Ms. Lee has spearheaded compliance efforts in the bank’s digitalization and Regtech initiatives. Ms. Lee’s primary interests lie in the application of Regtech solutions in the Greater Bay Area to aid compliance monitoring and data analytics.

Global Regulatory Innovations

Benedicte Nolens – Innovation Hub Head at BIS HK

Bénédicte is the Head of the BIS Innovation Hub, Hong Kong Centre. Prior to this appointment, she was a managing director at SC Ventures, the innovation arm of Standard Chartered Bank that leads a series of new ventures across digital banking, banking as a service, SME finance and blockchain. From 2018-2019, she was the Vice President of International Government Relations at Circle, involved in the evolution of blockchain and digital assets. From 2012-2018, she was the Head of Risk & Strategy of the Hong Kong Securities and Futures Commission (SFC), and in that capacity also acting as the Vice Chair of the Committee on Emerging Risks and the Fintech research lead for the International Organization of Securities Commissions (IOSCO). From 2007-2012, she was a managing director at Credit Suisse and before that from 1997-2007 she was an associate and executive director at Goldman Sachs. Originally from Belgium, she holds LL.M. and M.B.A. degrees from the University of Chicago and the University of Leuven. She is admitted to the New York Bar since 1999. In 2016, she was a recipient of the China Daily Asian Women Leadership Awards for her efforts related to entrepreneurship, innovation and charity. She remains closely engaged in these topics, most recently through her involvement in the Fintech Association of Hong Kong (FTAHK) and Women in Finance Asia (WiFA.) 

Jonathan Hatch – Senior Advisor at Innovation Hub ASIC

Jonathan is a financial services and technology lawyer with experience in compliance and regulatory roles with a focus on technology, and academic aspects in this area. He is experienced in applying existing or reformed laws to new regimes. Jonathan has advised on a wide range of financial services and related areas related to the application of a diverse range of new technologies such as DLT or AI or regulatory regimes such as sandboxes and Innovation Support Functions.

He also teaches across Business, Law and Information Systems within Multiple Universities including University of Sydney and London School of Economics across topics such as automation, data and the application of new technologies to business environments.

PJ Di Giammarino – Founder and CEO of JWG Group Limited

PJ Di Giammarino is an independent RegTech authority with a global network of senior bankers, regulators, and technologists which he brings together to enable compliance via adoption of new technology resulting in better, faster, cheaper and safer solutions.

Following a career of building systems and top management consulting including McKinsey,  PJ was the COO of Technology at Barclays Capital.

Seeing the RegTech opportunity early, he founded JWG Group in 2006 to provide practitioners a platform for Joint Working Groups. As an independent think-tank JWG leverages its unique position with regulators, firms and their suppliers to facilitate the right RegTech dialogues and drive global change.

Currently JWG is working with the top players in the industry to deliver on the promise of digital regulatory reporting for global OTC derivatives and defining holistic management obligations for trade surveillance.

Since 2015, JWG has worked with global financial institutions to develop and deploy RegDelta – the gold standard for AI-powered control over regulatory obligations. Today we harness decades of intelligence to source tens of thousands of global regulatory texts and filter the noise to allow rapid risk assessment and effective control.

PJ has been based in Europe for 20 years and London for 15. He is an active member of the International Organisation for Standardization and he also serves as Chairman of the Committee to Establish the RegTech Council.