25th March, 2015
International Hong Kong Assembly
Aaron & Partners’ International Hong Kong Assembly
8 February 2015
Corporate Partners Stuart Scott-Goldstone and Stuart Haynes represented Aaron & Partners at the Integrated Advisory Group International (IAG) Assembly in Hong Kong in February this year.
This assembly was a continuation of the expansion programme being implemented by IAG International into the South East Asia market and followed on from an inaugural meeting of potential members in Singapore back in 2013.
Much work has been done by IAG in terms of researching potential members within the region and IAG has undertaken a number of visits to prospective member firms in order to consider their credentials, quality and philosophy to ensure that they are suitable to join the IAG organisation.
The programme of the meeting was primarily to network, meet and endorse the new members and to meet and get to know the prospective members and events were kicked off with a networking dinner on Hong Kong Island.
The main business session was held on Friday 6 February and each potential member firm gave a presentation to explain the depth and area of expertise they were able to offer to the organisation. The presentations were considered and voted upon before ratification was agreed.
IAG has an association with KSI (Kingston Smith International) which is a similar sized organisation of accountants on an international basis. An update on their activity was given by KSI representative, John Sutcliffe, where he reported that they were extending their network into the Middle East region, with new members being added in various territories within that region.
Presentations were given on contrasting Asian and Western business ethics and cultures and a prospective member set out the general principles of doing business in Hong Kong, with some interesting case studies of work undertaken.
Overall, the meeting itself was a success in terms of developing the new relationships with the South East Asia members and prospective members and further endorsing the commitment of IAG to grow the network into that area of the world.
The South East Asian economic market is an extremely interesting market which is developing fast and is likely to create huge opportunities for clients of member firms, both in terms of investment into the area and potential investment from the area.
There is an on-going initiative within the South East Asia market to produce an economic community, on a similar footing to the European Economic Community and parts of that process are due to go live during 2015/2016.
It is certainly an area of the world which has huge potential and also, should not be ignored in terms of its potential economic significance within the world economic market over the next five-ten years.
The meeting in Hong Kong was held at the Mandarin Oriental Hotel – a short walk from the Ferry Port and overlooked Kowloon across the main Hong Kong harbour area.
The meeting was well attended, with 20 countries being represented by 46 delegates and there were good opportunities to network with lawyers and accountants to further endorse the network relationships, which are strong within the IAG organisation.
The next meetings are due to take place in Rotterdam in May 2015, in October 2015 in Athens and a joint meeting with KSI in February 2016 in Berlin.
For more information on the IAG or our work in export please contact Stuart Haynes on 01743 453687 or email [email protected]
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