Gb08_engl Umschlag:GB 2005 - DVFA

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New event series: DVFA Wealth Management Symposium
The first DVFA Wealth Management Symposium, focusing on the topics “Strategies”
and “Products”, was held on 17 June 2008 in Frankfurt. Around 100 participants came
together in the DVFA Center, including numerous senior managers from banks and
independent asset management firms.
Two keynotes kicked off the event: in the first, Dr. Ulrich Stephan of Deutsche Bank
presented “Panic or performance: current developments on the capital market and
the behaviour of German investors". The second was a speech given in cooperation by
Dr. Marc Breidenbach from Berenberg Bank and Prof. Markus Rudolph, who heads the
Center of Private Banking at WHU - Otto Beisheim School of Management, on "Holistic
asset management”.
The second DVFA Wealth Management Symposium, entitled “Wealth Management is
Change Management”, took place on 21 October 2008. Once more, the event attracted
an impressive number of participants in light of the situation then prevailing in the
industry, as more than 100 investment professionals were in attendance. The topics
covered included the current crisis and the impact of the new comprehensive capital
gains tax (Abgeltungssteuer) on investor behaviour.
Dr. Hendrik Leber von Acatis gave the opening lecture on the causes of the crisis and
the likely effects on the real economy. With a view to what can be expected down the
road, he said: “I don’t know whether we have already seen the worst of the crisis, or
there is worse yet to come. But, I am utterly convinced that German equities will have
gained substantially in value within the next 2 years.” The Symposium ended with a panel
discussion on “The Abgeltungssteuer as a tax on alpha: impacts on investor behaviour”.
With the DVFA Wealth Management Symposia, DVFA has continually offered a forum
since 2008, in which current topics can be discussed at a professional level between
leading representatives of the industry. On 6 May 2009, the event series will continue
with the third DVFA Wealth Management Symposium, “Investor psychology and investor
behaviour". Further information is available online at: www.dvfa.de/symposium