Distinguished guests, industry leaders, friends and robots, good morning.
Two months ago, at Hong Kong Investment Funds Association’s (HKIFA) 40th Anniversary Cocktail Reception, I spoke about stewardship: the fiduciary duty of every asset manager to act as a guardian of capital across generations, rather than merely a conduit for returns — encompassing purposeful engagement, prudent governance, and the obligation to escalate concerns when dialogue with companies falls short.
Today, I want to build on that foundation and ask a harder question. Are our market's structural conditions enabling stewardship to be practised in its fullest form and substance? That question, I believe, sits at the very heart of the new paradigm this conference is convened to explore.
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