Redefining The Boundaries Of Speed And Time

RM 65-01 McLaren W1

One glance at the RM 65-01 McLaren W1 is sufficient to reveal that this is no ordinary tool for telling time but a beacon of advanced horological innovation and craftsmanship. For the discerning clientele for which this timepiece is intended, the RM 65-01 McLaren W1’s visual appeal instantly sets it apart. At every angle, and from every perspective, the technology and materials lavished on this extraordinary watch reflect uncompromising commitment to craftsmanship, engineering and performance. Designed in collaboration with McLaren Automotive, this timepiece is the definitive “racing machine on the wrist.”

The Evolution of Extraordinary Performance
The partnership between Richard Mille and McLaren Automotive, on-going since 2016, has resulted in a series of era-defining horological creations through the years. These include ground-breaking timepieces such as the       RM 50-03, RM 11-03 and RM 40-01.

The RM 65-01 McLaren W1 marks the fourth creation in this ultra-exclusive series and is inspired by the new McLaren W1 supercar. Motoring afficionados will be aware that the new McLaren W1 is the ground-breaking successor to two of the greatest supercars ever made—the McLaren F1 and the McLaren P1.

In creating the RM 65-01 McLaren W1, the brief was decidedly straightforward—nothing but the best. The watch would mirror the cutting edge, high-performance features of the car in terms of shape, materials and functionality. In terms of its “engine,” the watch also needed a movement that suitably reflected the boundary-pushing abilities of the supercar.

Engineered for Speed
It was therefore only a matter of course that Richard Mille would select its highest-performance, automatic chronograph movement, the RMAC4, to power the              RM 65-01 McLaren W1. For starters, the RMAC4 operates at an appropriately high speed of 5Hz or 36,000 vibrations per hour. This high oscillation rate enables the split-second mechanical chronograph caliber to record elapsed times down to one-tenth of a second.

In keeping with automotive tradition, the engine of the RM 65-01 McLaren W1 sits on chassis-mounted rubbers instead of being secured by a conventional casing ring. The movement also features a rapid-winding system that enables the 60-hour power reserve to be fully charged in ultra-quick time.

Adhering to McLaren’s philosophy that the ultimate supercar must deliver “performance everywhere,” the RM 65-01 McLaren W1 would, by default, be up to the task of performing flawlessly on every occasion and circumstance. Tasks for which the RMAC4 is perfectly suited. Not only is the 480-part movement robust, it is equipped with a variable geometry winding rotor that can be adapted to the owner’s lifestyle.

“This project perfectly illustrates Richard Mille’s philosophy of constantly pushing technical boundaries to create innovative watches that include the latest watchmaking developments with a functional, practical and high-performance approach. Our watches are designed to be worn and used—whatever the circumstances,” explains Salvador Arbona, Technical Director for Movements at Richard Mille.

Shaped, Forged and Crafted to Flawlessness
Back in 2022, when the McLaren W1 was still in its initial development, Richard Mille’s creative team was given exclusive access to the first clay mock-ups of the supercar. With the car’s compact, muscular shape and high waist line, it was apparent this was going to be a strikingly beautiful car. After much analysis and deliberation, the creative team, led by Cécile Guenat, Creative and Development Director at Richard Mille, decided the view of the car from above would make the optimal starting point for the design of the watch.

The McLaren W1’s aesthetics are, first and foremost, a function of its unique “aero-cell” chassis architecture. This feature has had a profound influence on the design of the RM 65-01 McLaren W1 and consequently created one of the greatest technical challenges for the team—the design and development of the distinctive indented “double” bezel.

As the term implies, the watch’s Carbon TPT bezel actually sits upon a second bezel made of satin-finished grade 5 titanium. This twin-bezel design adds a dimension of depth while accentuating the curves and contours of the watch. Although integrated elegantly and seamlessly into the overall aesthetic, getting to this stage was a feat that necessitated nine months of work and eight prototype reviews.

Additional design elements drawn from the McLaren W1 supercar are apparent. The new skeletonized titanium dial draws inspiration from the dynamic flair of the car’s wheel rim patterns while the crown features an easy-to-grip rubber coating in McLaren’s papaya orange, along with a tip adorned with McLaren’s distinctive “Speedmark.” Even the aerodynamic angles of the foils and ducts deployed on the W1’s engine cover and spoilers have been translated into patterns on the papaya orange strap.

Form, Function and Intuitive Usability
The RM 65-01 McLaren W1 is, above all, a true driver’s watch, designed for operators who value function as much as form. Apart from its intuitive simplicity and the ease in which features may be accessed, the watch’s function selector crown also operates along the lines of a transmission selector—W for Winding, D for Date and H for Hand-setting.

“The W1 was designed to give the driver everything they need and nothing they don’t,” says Andrea Bermudez, Global Marketing Director, McLaren Automotive. “It’s about a combination of epic power delivery, incredible performance and a high level of theater, both on the racetrack and the road. It is a daunting task to reflect these attributes in a watch but Richard Mille has exceeded expectations with the RM 65-01 McLaren W1.”

With its breathtaking design, impeccable functionality and limited availability, the RM 65-01 McLaren W1 is as much a statement of technical intent as it is of rarity. Richard Mille will only be creating 500 pieces of this heirloom quality timepiece—a watch that is destined for grail status and for future owners of the RM 65-01 McLaren W1, the promise of countless moments of pleasure and pride await.

For more information about this exceptional timepiece, visit www.richardmille.com.

 

The Philippines: A Roadmap To Success

The Philippines achieved a robust GDP growth rate of 6.3% in the second quarter of 2024, driven by strong domestic demand, consistent public investments, and favorable macroeconomic conditions. This positive outlook, supported by the government’s commitment to infrastructure development and structural reforms, presents a wealth of opportunities for global investors looking for a dynamic and resilient market.

Resilient Growth Amid Global Challenges
Despite global economic challenges, the Philippines stands out for its resilience. The country has been on an impressive trajectory in recent years, with growth fueled by easing inflation, supportive monetary policies, and improvements in key infrastructure. The Asian Development Bank (ADB) expects the country’s GDP growth to be at 6% for 2024 and 6.2% for 2025, driven by solid consumer spending, buoyant services including tourism, and strategic investments. The World Bank has echoed this optimism, raising its growth forecast to 6% for 2024 due to improved investment conditions. These factors create a stable environment for investors, even in the face of external risks.

At the core of the Philippines’ growth story is the government’s ambitious infrastructure program. Under the “Build Better More” initiative, the government has allocated a staggering PHP9.14 trillion (US$158 billion) for 185 flagship projects, ranging from transport networks to renewable energy. This large-scale push is aimed at enhancing connectivity across the archipelago. This will further strengthen the country’s position as a vital trade and investment hub in the region.

Simultaneously, ongoing structural reforms—particularly in liberalizing key sectors such as telecommunications, energy, and transportation—are opening new doors for foreign participation.

Domestic consumption, which accounts for a significant portion of the country’s GDP, continues to expand. Supported by steady remittances from overseas Filipino workers, rising employment, and improving household incomes, broad-based spending continues to contribute to economic expansion. This is complemented by a young and dynamic population, which ensures a large and growing consumer base for businesses.

Key Sectors Shine With Investment Potential
Several sectors are poised to benefit from the country’s growth, presenting valuable prospects for investors. Services continue to outpace other industries with remarkable growth, having become a critical driver of the country’s development. Higher tourism revenues and service exports—including from the business process outsourcing (BPO) industry—are strengthening the current account.

The Philippines’ real estate market continues to boom, fueled by urbanization and demand for commercial spaces. Companies like AREIT, backed by the country’s leading full-service real estate developer Ayala Land, are leading the way in providing innovative pathways for investors to tap into the nation’s dynamic property sector. Forbes has recently dubbed the Philippines as the “world’s hottest luxury housing market,” with the Makati financial district marking the biggest jump in prime residential prices among 44 cities tracked in the Prime Global Cities report. The high demand for this premium location is propelling sales for high-end projects such as The Estate Makati, a 60-story architectural landmark by SM Development Corporation and Federal Land designed by Foster + Partners, which has garnered awards for design and sustainability.

Top conglomerate SM Investments Corporation has shown its commitment to more sustainable practices with significant investments in climate-resilient infrastructure and geothermal energy. This aligns with the country’s shift toward a low-carbon economy, enhancing energy security and attracting environmentally conscious investors.

SM’s banking arm, BDO Unibank Inc., is a prominent example of how the financial sector plays a pivotal role in supporting economic progress. As the government and private investors continue to embrace green development, BDO’s financing of multiple sustainable transport and renewable energy initiatives highlights its leadership in sustainability-conscious finance.

As a key player in global port operations, International Container Terminal Services, Inc. (ICTSI) is modernizing and expanding its operations to meet increasing demand, while prioritizing environmental responsibility. ICTSI’s investments in green ports and hybrid equipment position it at the forefront of sustainable logistics solutions.

A Bright Future for Business
A business-friendly environment has thrived in the Philippines thanks to economic liberalization, a growing middle class, and a proactive infrastructure agenda. The country’s potential for long-term growth is spurred by continuous improvements in government regulations and efficiency, as it commits to further modernize through digitalization and innovation. Key industries such as BPO are also evolving alongside breakthroughs in automation and artificial intelligence. As they expand to other locations and client bases, they drive socioeconomic advancement beyond the National Capital Region. This ensures that the entirety of the Philippines, and not just Metropolitan Manila, remains attractive and competitive on the global stage.

By offering a singular combination of solid economic fundamentals, a dynamic workforce, steady consumer demand, and a strategic location at the crossroads of Asia and the Pacific, the country is well-positioned for businesses looking to expand in the region.

The Philippines’ roadmap to success is clear. With the right focus and formula, the country is poised to continue its upward trajectory, offering compelling returns for astute global investors who appreciate its potential.

Managing Global Wealth Across Borders And Generations

Standard Chartered at Dubai International Financial Centre is one of the bank’s four wealth hubs.

Picture a wealthy multi-generational family with homes spread across continents, children attending schools in different time zones and business interests ranging from private equity in Europe to consumer goods in the Middle East and technology startups in Asia. Their needs go beyond simply wealth management to encompass a comprehensive suite of solutions that address cross-border investments, risk management and legacy planning.

As they move through different stages of life, the priorities of these ultra-high net worth (UHNW) individuals and their families shift, from growing their assets to ensuring that wealth is transferred smoothly to their heirs. For many, their business ventures are also deeply intertwined with their personal wealth, making corporate finance just as critical as investment management.

Standard Chartered Global Private Bank has long understood these evolving needs, offering its UHNW clients a range of tailor-made solutions and services to achieve their objectives throughout their lives and wealth journeys.

In particular, Standard Chartered’s ability to meet cross-border needs, such as multi-currency accounts and international mortgages, is critical for these individuals. Families with children studying abroad, for instance, often require international financing options for property and education expenses. This level of flexibility is made possible through the bank’s global network and local expertise, making it a natural partner for clients managing assets across multiple jurisdictions.

For the more experienced clients and established business owners, the emphasis shifts toward wealth preservation and legacy planning. “The question becomes not only how to maintain wealth, but how to ensure it is passed on in a way that reflects the client’s values and vision for the future,” says Vinay Gandhi, Regional Head, Private Banking for Europe, Middle East & Africa, and Global Head, South Asian Community, Standard Chartered.

Here, Standard Chartered Global Private Bank’s family advisory and wealth planning services come into play, providing tailored guidance on topics ranging from succession planning to philanthropy.

A Flexible, Unbiased Approach
Central to Standard Chartered’s wealth management strategy is its open architecture model. This means that instead of advising solely on proprietary products, Standard Chartered sources its investment solutions from a global range of asset managers, ensuring unbiased recommendations that best suit each client’s unique needs.

“Our open architecture platform means we are not beholden to any single product or asset manager, which allows us to be completely client-focused,” says Gandhi. This flexibility enables the bank to partner with its clients to craft diversified investment portfolios that can adapt to both market conditions and clients’ changing priorities.

Furthermore, Standard Chartered’s investment approach ensures that portfolios are robust enough to weather market volatility, incorporating a variety of asset classes from traditional equities and bonds to alternative investments, such as private equity and hedge funds, while positioning clients to take advantage of long-term growth opportunities.

Vinay Gandhi, Regional Head, Private Banking for Europe, Middle East & Africa, and Global Head, South Asian Community, Standard Chartered

The Power of One-Bank Solutions
A key feature of Standard Chartered Global Private Bank’s service is its “one-bank” approach, which enables clients to tap on the capabilities of the entire Standard Chartered group to meet both their personal wealth and business needs through a single platform. This is particularly beneficial for the growing entrepreneurial UHNW client segment.

“We offer a holistic solution for clients with both persona l and corporate financing requirements. It’s not just about managing their personal wealth but also supporting their business activities through our corporate banking services,” Gandhi explains.

Leveraging the close collaboration between the bank’s private and corporate banking divisions, clients can access services like debt issuance, trade finance and syndicated loans in addition to personal wealth management.

A Specialist in Islamic Finance
Another area of expertise that Standard Chartered Global Private Bank has increasingly focused on is Islamic finance. With the global Islamic finance industry projected to grow from US$4.5 trillion in 2022 to US$6.7 trillion by 2027, the private bank is well-positioned to meet the Islamic financing needs of UHNW clients in key regions such as the Middle East, which has seen a rapid accumulation of wealth in recent years.

“Islamic finance is no longer a niche market, but a rapidly expanding area of wealth need,” says Gandhi.

Standard Chartered Saadiq, the Islamic finance arm of the bank, offers a wide range of Shariah-compliant products, from savings and current accounts to home finance and wealth management solutions. These products adhere strictly to Islamic principles, ensuring they are free from interest and other elements forbidden under Shariah law.

UHNW individuals and families are increasingly seeking bespoke advice and financial solutions to meet their plethora of needs.

What makes Standard Chartered’s offering stand out in this space is its deep-rooted expertise across key markets in the Middle East, South Asia and Southeast Asia. The bank’s long-standing presence in these regions, combined with its comprehensive Shariah-compliant systems, allows it to deliver financial solutions that align with clients’ ethical and religious beliefs.

Moreover, Standard Chartered’s Islamic solutions are crafted with expert guidance from its global Supervisory Committee of Shariah scholars, adding to the robustness of its offerings.

Standard Chartered has won numerous awards for its Islamic finance offerings in the past few years. In 2024 alone, the bank was honored with Euromoney’s “Best Islamic Bank” awards in the United Arab Emirates, Bangladesh and Pakistan.

Crafting a Meaningful Legacy
Philanthropy and sustainable investing are also becoming increasingly important for many UHNW clients, particularly those focused on leaving a meaningful legacy. Standard Chartered helps clients integrate these elements into their wealth plans, guiding them on sustainable investing opportunities and philanthropic initiatives that align with their long-term goals.

By offering solutions that meet its clients’ entire spectrum of needs, Standard Chartered Global Private Bank is helping UHNW families navigate their financial journeys with confidence, from growing their assets to preserving their legacies for future generations. Says Gandhi, “Our mission is simple: to provide solutions that meet our clients’ needs today, and support their ambitions for the future.”

www.sc.com/en/wealth-retail-banking/private-banking/

Supporting The Wealth Journeys Of Global Chinese

As China’s affluence continues to rise, we see more and more ultra-high net worth (UHNW) individuals who are globally mobile and internationally minded with increasingly complex financial needs. These wealthy “Global Chinese” have substantial wealth and are actively engaging in international investments and business ventures. This demographic is not limited to those residing within mainland China but also includes Chinese expatriates and entrepreneurs based overseas who are deeply integrated into the global economy.

One region in particular that has experienced rapid wealth accumulation in China is the Greater Bay Area (GBA), a megalopolis of 86 million people made up of nine cities and two special administrative regions in South China, including Guangdong Province, Hong Kong and Macau.

Guangdong alone is home to over 300,000 households with net family assets exceeding RMB10 million (US$1.4 million). Indeed, the number of high net worth (HNW) households in the province accounts for 16% of all such households on the mainland. Meanwhile, Hong Kong is the top destination of wealthy mainland Chinese for their overseas investments.

The financial needs of the Global Chinese are diverse. These individuals often require comprehensive solutions that go beyond traditional banking, encompassing personal wealth management, business financing and cross-border transactions. Furthermore, as they often have families residing in different countries, they also require convenient access to financial services in multiple jurisdictions.

“A typical UHNW Chinese client might have a private banking account in Hong Kong, a family office in Singapore, an SME account in mainland China and a mortgage for a property in the United Kingdom. The ability to manage such a complex portfolio across various locations requires a bank with both global reach and local expertise,” says Raymond Ang, Global Head of Private Bank and Affluent Clients, and Head of Greater China and North Asia, Wealth and Retail Banking, Standard Chartered.

Global Connections, Local Expertise
Standard Chartered Bank, with its deep roots of over 160 years in China and an extensive international network, is well positioned to serve these clients, offering tailored solutions that meet both personal and business needs across geographies.

The bank’s clients often have cross-border needs, such as investments in international markets, managing multi-currency payments, funding their children’s education abroad or purchasing a second home in a different jurisdiction as an investment.

With a wealth presence in 25 markets and four wealth hubs—Hong Kong, Singapore, the United Arab Emirates (UAE) and Jersey—the bank ensures that such client needs are met, regardless of where they or their investments are based.

As a universal bank, Standard Chartered offers a single platform that allows UHNW clients to manage both their personal finances and business needs under one roof. This “one-bank” approach is particularly beneficial for business owners who need solutions for both their personal wealth, and to support their corporate transactions.

The “one-bank” capabilities have been demonstrated for multiple clients. Just this year Standard Chartered has facilitated several corporate transactions for clients globally to help them with corporate solutions such as debt issuance, trade finance, qualified domestic institutional investor (QDII) schemes, and syndicated loans. The private bank continues to be in active conversations with other UHNW clients to help them with their corporate needs beyond personal wealth management.

Raymond Ang
Global Head, Private Bank and Affluent Clients and Head, Wealth and Retail Banking, Greater China and North Asia, Standard Chartered.

“We see Global Chinese continuing to expand their influence and investments internationally. With Standard Chartered’s long standing presence and on-the-ground knowledge of China and with our international network, we are equipped and ready to partner with Chinese clients to help them effectively manage their wealth, no matter where in the world they choose to grow it.”

Whether a Chinese client based in Hong Kong is looking to invest in UK real estate, or a Singapore-based Chinese entrepreneur is managing business interests in mainland China, Standard Chartered’s wealth hubs help clients manage and grow their wealth across borders.

In particular, the bank leverages its strong presence in Hong Kong—the primary financial hub of the GBA—to serve clients with cross-border needs. Hong Kong’s status as a leading offshore financial center for Chinese clients makes it an ideal location for managing international investments and accessing global financial solutions.

In the case of Singapore, its established legal and regulator y frameworks are attractive as a financial hub giving clients access to markets in Southeast Asia and even extending to South Asia.

Furthermore, Standard Chartered has steadily invested in resources and capabilities designed to enhance the client experience over the years. Among other initiatives, it has steadily expanded its stable of relationship managers, set up specialized teams for wealth planning, family advisory, corporate solutions and sustainable finance, and continued to enhance its digital platforms.

“By focusing on these areas, Standard Chartered ensures that its services are not only comprehensive but also future-ready, meeting the evolving needs of our Global Chinese clients,” says Ang.

Unlocking Offshore Opportunities
As UHNW Chinese clients increasingly look beyond mainland China for offshore investment opportunities, Standard Chartered’s global presence becomes even more critical. The bank’s deep understanding of regional business dynamics, regulatory environments and cultural nuances enables it to offer tailored advice and solutions to its clients.

Furthermore, Standard Chartered’s global Chief Investment Officer’s (CIO) team provides them with timely market insights to help Chinese clients capitalize on global market opportunities. The bank’s open architecture approach to wealth solutions ensures that clients receive best-in-class products sourced from leading international fund managers.

Having over 900 international and private banking relationship managers stationed across its four wealth hubs is just another way that Standard Chartered seeks to bridge any cultural and language gaps with clients, and enhance their wealth journey.

Says Ang: “We see Global Chinese continuing to expand their influence and investments internationally. With Standard Chartered’s long standing presence and on-the-ground knowledge of China and with our international network, we are equipped and ready to partner with Chinese clients to help them effectively manage their wealth, no matter where in the world they choose to grow it.”

www.sc.com/en/wealth-retail-banking/private-banking/