Chaired by Financial Times Group journalists, the FT Investment Management Summit Europe conference will gather CEOs, CIOs and portfolio managers from Europe's leading asset owners to share their insights into how they plan to be creative in their search for returns.
FT Investment Management Summit Europe 2017
Finding Yield amid Uncertainty
2017 so far has been defined by politics and ongoing uncertainty across global markets. How do investors view the landscape going forward? How concerned are they about Brexit negotiations, Eurozone tapering, inflationary pressures and terrorism? Join 200+ leading European pension funds, insurers, sovereign wealth funds and asset managers at the FT’s high level Investment Management Summit Europe and hear their perspectives on factors defining their portfolios, and their asset class picks for the year ahead.
Chaired by Miles Johnson, the FT’s Global Investment Editor, this Summit will debate the major issues facing markets including the long-term outlook for US growth in Trump’s second year, how European markets are reacting to political developments in key member states, the challenges and prospects ahead for emerging economies as trade dynamics change, and the forecast fixed income returns in this extraordinary period of interest rate volatility.
Now in its fourth year, the Investment Management Summit Europe is an unrivalled forum where leading institutional investors, asset managers and thought leaders will gather to discuss the key factors that will define their investments in the unpredictable year ahead.
Agenda - 28th Sep
8:15amRegistration and networking
Miles Johnson, Capital Markets Editor, Financial Times
9:10amOpening keynote: Is the economy at a turning point?
Poul Thomsen, Director, European Department, International Monetary Fund
9:40amView from the top: Expectation vs reality in the Trump and Brexit eras
The game-changing political developments of the past year mean that all bets are off in the outlook for yield for the next 12 months. The investment landscape is shifting as markets adjust to President Trump’s policies, rising interest rates, ongoing Brexit negotiations and changing political dynamics in Europe. Looking beyond the Trump Bump how are developments in the US spilling over into the Eurozone and other economies? How can investors respond to this new world where political risk dominates? Can asset values be predicted in this environment? How should institutions adapt their risk profile, and investment strategies to profit from this unprecedented period?
Michelle McGregor Smith, Chief Executive Officer, British Airways Pension Investment Management Limited
Anne Richards, Chief Executive, M&G
Peter Pereira Gray, Managing Partner and Chief Executive Officer, Investment Division, The Wellcome Trust
Moderator: Miles Johnson, Capital Markets Editor, Financial Times
10:30amRefreshments and networking
10:50amTop down view, top three trades
With volatility, inflation, growth and market trends all subdued, this session offers three practical investable ideas for putting capital back to work.
Jon Jonsson, Portfolio Manager, Global Fixed Income Strategies, Neuberger Berman
11:10amPanel: Inflation – threat or opportunity for fixed income investments?
With many predicting the end of a 35 year bond bull market, and the prospects of rising inflation, the outlook for global fixed income investments is unpredictable. As inflationary pressures build how important will diversification be and which assets will deliver?
Alan Higgins, Chief Investment Officer, UK, Coutts
Leila Butt, Senior Economist, Prudential Portfolio Management Group
Antoine Lesné, Head of SPDR ETF Research & Strategy, EMEA, State Street Global Advisors
Moderator: Dan McCrum, Lex Writer, Financial Times
11:50amKeynote: Long term responsible investing
Ronald Wuijster, Chief Investment Officer, APG Asset Management
12:20pmEmerging Markets Panel Discussion: Is there value beyond the headwinds?
A strong dollar, the prospect of rising US rates and tighter trade policies are just some of the major challenges facing emerging markets. But are investors overestimating the risks of investing in these developing economies and can they profit from uncertainty? As commodity markets stabilise, how strong are the long-term fundamentals and company valuations in key markets? Which emerging countries and sectors hold the best potential in the year ahead against a background of volatility? Is Russia the ‘Trump Trade’ and how will this play out in the long-term?
John St Hill, DeputyChief Investment Officer, NEST
Chetan Ghosh, Chief Investment Officer, Centrica
Dimitry Griko, Chief Investment Officer, EG Capital Advisors
Markus Stadlmann, Chief Investment Officer, Lloyds Banking Group
Moderator: Attracta Mooney, Asset Management Reporter, Financial Times
1:00pmLunch for speakers and delegates
2:10pmKeynote: Where next for investment and asset management regulation?
Megan Butler, Executive Director of Supervision, Financial Conduct Authority
2:40pmPanel Discussion: Is the illiquidity premium still viable in alternative credit?
Institutional appetite for private debt is on the rise, as investors struggle to find yield and diversification in a low interest rate environment. However, are their expectations of high returns sustainable in the long-term? In a market that can be adversely affected by politics, regulation and competition where are the potential liquidity pitfalls and how can investors manage their exposure? What is the outlook for risk and return in alternative credit in the year ahead?
Mark Mansley, Chief Investment Officer, Brunel Pension Partnership
Padmesh Shukla, Head of Investments, Transport for London Pension Fund
Chris Redmond, Director, Global Head of Credit and Diversifying Strategies, Willis Towers Watson
Moderator: Attracta Mooney, Asset Management Reporter, Financial Times
3:20pmRefreshments and networking
3:40pmThe Big Discussion – Passive, active or somewhere in between?
Opinion is deeply divided about whether active or passive is more suited to the current investment environment. The jury is out on the future for active management but with investors increasingly turning to passive products, something needs to change to ensure its survival. How can managers meet investor expectations in terms of fees, performance and products? Conversely what is the outlook for passive investing in the year ahead? How are products such as ETFs likely to perform as markets become increasingly unpredictable and the limitations of benchmarks become more apparent? Where do smart beta products fit into the mix – are they proving themselves as a viable alternative?
James Bevan, Chief Investment Officer, CCLA Investment Management
Dan Brocklebank, Director and Head of UK, Orbis Investments
Elizabeth Fernando, Head of Equities, USS
Ursula Marchioni, Director, Head of Portfolio Analysis and Solutions, EMEA, BlackRock
Moderator: Ed Moisson, Reporter, Ignites Europe
4:20pmKeynote Ministerial Address
Stephen Barclay, MP &Economic Secretary, HM Treasury
4:35pmClosing discussion: Life after Brexit
As the UK’s withdrawal from the EU gathers pace the whole investment industry will be faced with new opportunities as well as challenges. This high level discussion will feature prominent figures from both sides of the Brexit debate as they assess the implications of this game-changing development on markets, investors and asset managers.
Gina Miller, Co-Founder, SCM Direct
Guy Hands, Chairman and Chief Investment Officer, Terra Firma
Jim Mellon, Chairman, The Burnbrae Group
Moderator: Miles Johnson, Capital Markets Editor, Financial Times
5:15pmChairman’s closing remarks
Miles Johnson, Capital Markets Editor, Financial Times
5:20pmNetworking reception for speakers, delegates and guests
Gina Miller is the Co-Founder of SCM Direct. Additionally she is a transparency and right campaigner, and Founder of RemainUnited.org. Her expertise and areas of work cover investments, charities, democracy and political processes; as well as social justice. Post the financial crisis, Gina and her husband Alan founded SCM Direct as a modern disruptive digital wealth manager centred on 100% transparency, low cost and putting clients first. SCM Direct operates a strong responsible corporate voice which led to the launch of a True and Fair Campaign in 2012. Gina’s campaigning has resulted in contributions to three EU Directives – Article 24 of MiFID II, PRIPS and The Shareholder Directive. In 2016, she successfully challenged the UK Government over its authority to implement Brexit, winning in both the High Court and Supreme Court in what is hailed as the most important British constitutional case since the 1700s. She continues a ‘democracy and legality’ watching brief of the UK Government’s activities as Brexit progresses, launching, in 2018 she the End the Chaos! campaign to promote the final decision being taken by the people rather than Parliament to break the political deadlock, to provide an open platform for unbiased, simple to understand information so people could make an informed choice, and to explain unanswered questions about the European Union and the UK’s membership. In 2019 she launched the Remain United campaign which successfully facilitated a tactical voting campaign during the 2019 European Parliament Elections- the first time this was done. In 2018, Gina published her first book ‘Rise: Life Lessons in Speaking Out, Standing Tall & Leading the Way’.
Stephen Barclay was appointed as Economic Secretary to the Treasury in June 2017. He served as a Government Whip (Lord Commissioner of HM Treasury) from July 2016 to June 2017, and prior to that was Assistant Government Whip from May 2015 until July 2016. Between 2010 and 2014 Mr Barclay served on the Public Accounts Committee which scrutinises government spending. He was elected Conservative MP for North East Cambridgeshire in May 2010. He previously worked as an insurance company lawyer for Axa Insurance, as a regulator for the Financial Services Authority, and as Director of Regulatory Affairs and then Head of Anti-Money Laundering and Sanctions at Barclays Retail Bank. He read history at Peterhouse, Cambridge and later studied law at the College of Law, Chester qualifying as a solicitor in 1998.
Guy Hands is Terra Firma’s Chairman, Founder and Chief Investment Officer and sits on the boards of the general partner of each of the Terra Firma funds and heads Terra Firma’s Executive Committee. He started his career with Goldman Sachs International where he went on to become Head of Eurobond Trading and then Head of Goldman Sachs’ Global Asset Structuring Group. During this time, Mr Hands was a leading pioneer in the development of securitisation, extending the practice beyond simple debt instruments to include assets such as shopping malls, mobile home parks and distressed loans. He left Goldman Sachs in 1994 for Nomura International plc, where he established the Principal Finance Group (‘PFG’). PFG went on to undertake ground-breaking deals involving trains, housing and pubs, among other areas, using securitised debt to finance acquisitions. In 2002, he led the spin-out of PFG to form Terra Firma. Since 1994, Mr Hands has overseen the investment of more than €16 billion in 33 businesses with a total enterprise value of more than €48 billion.
He holds an MA in Politics, Philosophy and Economics from Mansfield College, Oxford University. He was elected a Global Leader of Tomorrow by the World Economic Forum in 2000 in recognition of his achievements. In 2012, he was named the 20th most influential figure in Private Equity International’s ‘100 Most Influential of the Decade’. Mr Hands is the President of ‘Access for Excellence’, a campaign based at Mansfield College, Oxford which promotes the broadest possible access to higher education in the UK. He is a Bancroft Fellow of Mansfield College and supports the college’s Annual Hands Lecture. He is also a member of the University of Oxford Chancellor’s Court of Benefactors. Additionally, he is a Fellow of the Duke of Edinburgh’s Award Scheme.
Megan Butler joined the Financial Conduct Authority (FCA) in September 2015 as Executive Director responsible for the supervision of Wholesale Banking, Investment Management, Life Insurance and Financial Advice. She is also responsible for Specialist Supervision including Prudential, Financial Crime and Client Assets. Ms Butler was previously the Executive Director of International Banks Directorate at the Prudential Regulation Authority (PRA). She joined the Bank of England in April 2013 as Executive Director of International Banks Directorate after moving from the Financial Services Authority (FSA). She has been a supervisor since 2008, when she became Head of the Department responsible for the supervision of the UK operations of the major investment banks. Prior to moving to supervision, Ms Butler was Head of Enforcement Law and Policy at the FSA, and for a number of years chaired the International Organization of Securities Commissions (IOSCO) Standing Committee 4 which is concerned with international enforcement cooperation. Before moving to the Enforcement Division, she was Chief Counsel for Markets, heading the legal team responsible for advising on legal issues relating to Official Listing, the regulation of exchanges and clearing-houses, market conduct and the supervision of wholesale firms. Ms Butler joined the FSA in 2000. Before this, she spent several years at the London Stock Exchange in a variety of legal and non-legal roles, including Head of Capital Markets. She was called to the bar in 1987.
James Bevan is responsible for all of the company's investment activities on behalf of our clients.
James Bevan joined CCLA in 2006 as Chief Investment Officer. James was previously Head of Asset Management and CIO at Abbey and CIO for Barclays Asset Management Group and BZW Portfolio Management. James joined the City in 1988 following postgraduate research in applied economics and asset allocation at Cambridge University.
He is a Chartered Fellow of the CISI, he is on the advisory group of the CFA Institute and is a trustee of the Cambridge Endowment for Research in Finance and Trees for Cities.
Dan Brocklebank, ACA, CFA is a Director and Head of UK at Orbis Investments. He joined the firm in 2002 as a member of the investment team. Prior to Orbis, he read PPE at Brasenose College, Oxford before qualifying as a Chartered Accountant with Arthur Andersen.
Anne Richards is the Chief Executive of M&G, a position she has held since June 2016. Before joining Prudential, she was Chief Investment Officer and Head of the EMEA region for Aberdeen Asset Management PLC. Her career began in Geneva at the nuclear research organisation CERN before working for the technology consultancy Cambridge Consultants. She became an analyst for Alliance Capital in 1992 and then moved into portfolio management with roles at JPMorgan Investment Management and Mercury Asset Management. She joined the Board of Edinburgh Fund Managers as Chief Investment Officer and Joint Managing Director in 2002, and continued as CIO following Aberdeen Asset Management's acquisition of Edinburgh Fund Managers in 2003. Ms Richards is Vice Convener of the Court of Edinburgh University, Chair of the CERN & Society Foundation and Chair of the Financial Conduct Authority Practitioner Panel. She is a Chartered Engineer, a Fellow of the Royal Society of Edinburgh, an Honorary Fellow of the CFA Institute (UK) and holds an honorary degree from Heriot-Watt University. She is also on the Board of Leaders of 2020 Women on Boards, a US organisation which aims to increase the proportion of women on corporate boards. From 2012 to 2016 she was a non-Executive Director of Esure Group. Ms Richards is also on the Steering Committee of the 30% Club. She was appointed a Commander of the Royal Victorian Order (CVO) in 2014, and a CBE in 2015, for services to the financial services industry and voluntary service. In September 2016 she was placed at Number 45 on the Fortune Most Powerful Women International List.
Leila Butt is Senior Economist at Prudential Portfolio Management Group (PPMG). She is responsible for developing and providing the global economic and policy research offering at Prudential, with a focus on the US, UK, eurozone, and key emerging markets in Asia and Eastern Europe and helps drive the multi-asset research process for PPMG’s tactical asset allocation strategy. Ms Butt previously worked at Standard & Poor’s (S&P) in London, and the Economist Intelligence Unit (EIU; part of the Economist Group) in New York. As Director at S&P, she was the lead analyst for the UK sovereign rating, in addition to several other European sovereign credits. While at the Economist Group, she was the Deputy Manager for the company’s East European sovereign risk service, and participated in the construction of a proprietary sovereign ratings model. During her time at the EIU Ms Butt was Project Leader and Research Manager for a Women’s Economic Opportunity index, commissioned by the World Bank, which assessed 115 countries by how conducive their institutions were to women’s participation in the formal sector. She holds a BSc and MSc in Economics from the London School of Economics.
Elizabeth Fernando joined USS in January 1995 as Head of European Equities and was promoted to Deputy CIO in January 2006. In August 2012 she was appointed Head of Equities at USS Investment Management. Prior to joining USS Ms Fernando worked at Lloyds Investment Managers Ltd in a variety of roles including UK Smaller Companies and more latterly European Equities. She holds an MA in Philosophy, Politics and Economics from Oxford University and is an Associate Member of the UK Society of Investment Professionals (UKSIP).
Chetan Ghosh is the Chief Investment Officer for Centrica’s pension scheme arrangements within a Common Investment Fund and has held an in-house role for the last 5 years. He is responsible for providing support to the Directors of the Investment Committee. His role covers investment strategy considerations, asset class and manager research, and the liaison with the investment advisers.
Mr Ghosh has 19 years industry experience, primarily from the consultancy side, where he spent 5 years as a pensions actuary and 12 years on the investment side, a large part of which was at Hewitt. Immediately prior to joining Centrica, he developed the Fiduciary Management offering at an asset manager where he was able to gain valuable experience on improving investment decision making governance structures.
Peter J Pereira Gray
Peter Pereira Gray is Managing Partner and Chief Executive Officer of the Investment Division of the Wellcome Trust. Prior to Peter’s appointment at Wellcome in 2001, Peter worked for 12 years, latterly as a director of property fund management, at Prudential the UK insurer; at the time the largest institutional owner of UK commercial property. He has been a member of Wellcome’s Investment Committee for over 18 years, and has joint accountability, with the Chief Investment Officer, for the $35 billion global unconstrained multi-asset investment portfolio, and the leadership of the Investment Division. Peter is also a member of Wellcome’s Executive Leadership Team. The Wellcome Trust is recognised as having one of the strongest long-term investment track records of its type in the world. Peter was appointed co-chairman of the Institutional Investors Roundtable (IIR) in 2018. The IIR is a not for profit, invitation only forum for the senior executives of global asset owners. He is the chairman of the UK farming & land management business, FarmCare Ltd, and chairman of Premier Marinas Ltd, the leading UK marina, boatyard and storage company. He is also a main board Director of iQ, the UK student housing joint venture with Goldman Sachs; one of the largest purpose-built student housing providers in the UK.
Dimitry Griko manages the EG fixed income investment team and has over 15 years of experience in asset management and emerging markets. He was previously Head of Investment Department at Everest Asset Management and held positions in Sanno Point Capital Management and at Deutsche Bank AG.
As Chief Investment Officer for the UK, Alan Higgins is responsible for the management of the UK based discretionary managed portfolios and contributing towards global investment strategy for the major asset classes. Prior to Coutts, he worked at Morgan Stanley Wealth Management where he specialised in asset allocation and alternative investments. His previous experience includes senior roles in fixed income portfolio management and working for a multi-strategy hedge fund. Alan holds a Bachelor of Science degree in Mathematics from Bristol University and is a CFA® charterholder.
Jon Jonsson is Managing Director and Senior Portfolio Manager for Global Fixed Income strategies at Neuberger Berman. He joined the firm in 2013 and is a member of the senior investment team that sets overall portfolio strategy for Global Investment Grade. Prior to joining the firm, Mr Jonsson was employed by J.P. Morgan for 15 years. Most recently he served as Head of the Global Aggregate Team at J.P. Morgan in London. He holds a Masters in Financial Engineering from New York University and a BSc in Applied Mathematics from the University of Iceland.
Antoine Lesné is Head of SPDR ETF Strategy & Research for EMEA at State Street Global Advisors. Antoine and his team’s responsibilities include developing a strategy framework for the existing SPDR ETF range to align it with financial market developments and longer term economic outlooks. This is delivered through research on ETFs as well as market notes produced by the strategy team supporting information and the distribution of ETFs across EMEA. Prior to this role he was a Senior Fixed Income Portfolio Strategist in EMEA covering Europe and Global Fixed Income beta strategies as well as Smart Beta for Credit strategies. Antoine joined SSGA in 2006 from Sungard Reech where he was responsible for selling advanced pricing and risk analytics to banks and asset managers in France and the Netherlands, with a focus on structured fixed income derivatives. Prior to that he took part in a start-up which managed an internet based Interest Rate Swaps interdealer trading platform. He started his career at Societe Generale Corporate and Investment Banking on the Fixed Income & FX structured products sales desk. Antoine holds a Master's degree from the French Business School, ESCEM, with a major in Finance in 1998. He is also a frequent contributor to CNBC Sqwak Box and other market channels in Europe.
Mark Mansley has just been appointed CIO of the Brunel Pension partnership, the organisation established to manage £30bn of assets for 10 LGPS funds. He has over 30 years of investment experience. He was previously CIO of the Environment Agency Pension Fund (EAPF) where he developed their investment strategy to include allocations to real assets, smart beta and private debt. He has been actively involved in the ongoing development of infrastructure investing. He helped shape the EAPF's award winning responsible investment strategy over the last decade - most recently on the Policy to Address the Impacts of Climate Change. Previously, Mr Mansley managed responsible investments for charities, developed impact investment opportunities for clients, and advised fund managers and asset owners, including Universities Superannuation Scheme and Aviva, on improving their investment processes and integrating sustainability considerations. He holds a mathematics degree from Cambridge and is a Chartered Fellow of the Chartered Institute for Securities and Investment.
Ursula Marchioni, Director, is Head of BlackRock Portfolio Analysis and Solutions (BPAS) in EMEA. The team conducts customised, outcome-orientated client engagements around portfolio construction and risk management to assist with asset allocation, portfolio structure, and implementation decisions. This is executed across multiple asset classes and structures, and includes active and index products. Prior to her current role, Ms Marchioni was the Chief Strategist EMEA, for iShares. Ms Marchioni joined BlackRock in 2012 from Credit Suisse, where she spent five years in a variety of roles, including Head of CS ETF Sales Strategy and Institutional Sales for Financial Institutions. Prior to this, Ms Marchioni worked at Societe Generale within the equity and fund-linked structured product sales team, and spent four years at KPMG Advisory as a senior consultant in the derivatives financial engineering team. Ms Marchioni is a frequent contributor to financial news media and has been a member of the European Board of Women in ETFs (WETM). She holds a Laurea cum laude in Physics from Universita degli Studi di Trento in Italy.
Jim Mellon is a British entrepreneur and philanthropist with interests across a number of industries. Through his private investment company, The Burnbrae Group, he has substantial real estate investments in Germany and in the Isle of Man, as well as major shareholdings in private and public companies in sectors such as banking, commodities, leisure and healthcare. Mr Mellon began his investment career in Asia and then moved to the US, working in fund management for GT Management and Thornton & Co, where he gained valuable insights into the companies and economies which would drive global growth over the following decades He established his own business in 1991, which today persists as Charlemagne Capital, recently acquired by Fiera Capital, as Regent Pacific Group, a Hong Kong-listed company which he still controls. His investment philosophy, which has led him to be recognised as one of the most successful investors of his generation, is underpinned by his ability to identify so-called “money-fountains” – market trends which will lead to step changes and to investment opportunities. His first book Wake Up! Survive and Prosper in the Coming Economic Turmoil, co-authored with Al, foresaw the global financial crisis of 2007-08, while his most recent collaboration Fast Forward, also co-authored with Al and published in 2015, identified technologies and companies which are reshaping people’s lives. Their latest book Juvenescence is about the ‘money-fountain’ idea of longevity science Mr Mellon spends most of his time investigating and working on start-up ideas. He is an Honorary Fellow of Oriel College, at University of Oxford and is a trustee of the Biogerontology Research Foundation as well as of Lifeboat.
Chris Redmond is Global Head of Credit & Diversifying Strategies at Willis Towers Watson, leading a 65+ international team conducting research of all credit, liquid diversifying and real assets managers and products. Previous experience includes building-out Willis Towers Watsons’s direct hedge fund research and founding its illiquid credit/private debt capability. Mr Redmond served as a member of Willis Towers Watson's Global Investment Committee for four years, the group of senior investment professionals responsible for Willis Towers Watson's capital markets views. He now chairs the Top-Down Research Group, the body responsible for ensuring high quality top-down views are appropriately incorporated and reflected in Willis Towers Watson’s manager research process and help direct research focus. He works closely with a number of Willis Towers Watson's largest credit clients and has experience consulting to clients on a broad range of issues including investment strategy and manager structure.
Padmesh Shukla is the Head of Investments for the US$13 billion Transport for London Pension Fund, a final salary defined benefit plan with around 84,000 members. There he has lead major changes, from diversifying the Fund’s bond and equities portfolio to building its large alternatives programme. Emerging markets and climate change are of particular interest to him, having previously worked at the World Bank and Centre for International Development and played a key role in establishing the London Green Fund. Mr Shukla studied at Harvard University on a full scholarship for his Masters in International Economics and Development (major in Finance).
Michelle McGregor Smith
Michelle McGregor Smith is Chief Executive Officer and Chief Investment Officer at British Airways Pension Investment Management Limited. She is responsible for the day to day management of circa £20 billion of pension assets invested in a broad range of asset classes and assists the Trustees and their Investment Committee on new ideas and strategic issues, including de-risking and liability management. She joined the company as Equity Portfolio manager and subsequently became Head of UK Equities. She was also involved in a number of hedge activities for the Funds before moving to her current role. Ms McGregor Smith is an Advisor to the Investment Committee of the Daily Mail and General Trust Final Salary Schemes, and also serves as member of the Investor Steering Committee of the Alternative Investment Managers Association. She is an independent member of the Investment Committee of the Health Foundation, a UK based Charity focussed on improving the delivery of healthcare. Ms McGregor Smith is a CFA charterholder and a member of the UK Advisory Council which assists the CFA society to best serve its members. She is also a member of the FCA Listing Authority Advisory Panel. She holds a BSc (Hons) in Banking and International Finance from Cass Business School.
John St Hill
John St Hill is Deputy Chief Investment Officer at NEST. He joined in 2017 and manages the team that looks after asset allocation and manager selection. He was previously with the Pension Protection Fund as Senior Portfolio Manager responsible for the fixed income and equity programs. Prior to the PPF he held various Senior roles at SEI Investments including Head of Fixed Income (UK) and Head of Risk Management (UK). Mr St Hill holds an MBA from the University of Chicago, and also holds the CFA and FRM designations.
Markus Stadlmann is the Chief Investment Officer of Lloyds Bank. He joined the bank in 2014 to build out its investment capability for private banking and wealth management clients. He leads a team of specialists, dedicated to helping both clients and colleagues with better financial decision making and successful money management. Mr Stadlmann has also been a lecturer on business ethics, leadership and investment management at various universities for ten years, including IESE Business School, London Business School and University of Vienna. He presents regularly at academic and industry conferences, and is a frequent media commentator. His previous experience includes management positions at Erste Group in Vienna and Barclays plc in London. At Barclays, he led the portfolio management and specialist investment teams which catered to the wealth management needs of affluent and high net worth customers. Prior to joining Barclays, he was Managing Director of Harald Quandt Holding and Chief Investment Officer of HQ Trust, which to this day is the largest family office in Europe. He spent eight years at Siemens AG, initially as fund manager. He eventually became the CIO of the pension fund and a member of the leadership team of Siemens Financial Services. Mr Stadlmann holds an MBA from the University of Chicago Graduate School of Business (later re-named Chicago Booth).
Poul Thomsen is Director of the International Monetary Fund’s European Department. The European Department covers 43 countries and fulfills the Fund’s mandate of surveillance–monitoring economic and financial policies of member countries. This includes close cooperation with European institutions, particularly the European Commission and European Central Bank. It also oversees the design and implementation of financial programs for countries in the region that have Fund supported adjustment programs. Mr Thomsen has had a lead role in directing the Fund’s programs for financial assistance to European countries affected by the 2007 global financial crisis and by the subsequent crisis in the Euro Zone, including in Iceland, Portugal, and Greece. Before the 2007 global financial crisis, Mr Thomsen gained an extensive knowledge of the economic and social problems facing the former socialist countries in Central and Eastern Europe directing the Fund’s work in a large number of countries in this region since the beginning of the transition process including his tenures as the Fund's Resident Representative in Belgrade and Moscow.
Ronald Wuijster is Chief Investment Officer and interim Chief Executive Officer at APG Asset Management. He is also member of the Executive Board of APG Group. He joined ABP in 2006 as Managing Director Strategic Portfolio Management and had the same position as of 2008 for APG. Prior to this he worked at Robeco Groep NV since 1990, where he started as Senior Portfolio Manager and held several positions ending his career at Robeco as Director of Research.
Mr Wuijster studied Business Economics and Law at the Erasmus University in Rotterdam. He studied Finance and Accounting at the London School of Economics in London and Psychology at the University of Leiden.
Next to his job at APG he chairs the Committee of Asset Management from the Dutch Pension Federation and he is a member of the accreditation committee of the DSI.
Chair and Moderators (4)
Miles Johnson is the Financial Times’ Capital Markets Editor. He has previously worked for the paper in various roles including its Global Investment Editor, Hedge Fund Correspondent, Madrid Correspondent, and Investment Correspondent. He has won several awards for his journalism and has featured regularly on English language and Spanish television and radio.
Dan McCrum is the editor of FT Alphaville. In more than a decade at the FT he’s been Capital Markets Editor, Investment Correspondent in New York, and had stints writing for Alphaville and the Lex Column.
Before that Dan worked briefly at the Investors Chronicle, and has at one point or another carried furniture, sold kids books on doorsteps, and painted but not really decorated.
He also spent four years loitering in Citigroup’s equity research department where he picked up a few ideas about the value of luck, timing and a catchy pitch.
Attracta Mooney is the Investment Correspondent for the Financial Times, where she writes about the asset management industry for the paper and for FTfm, the FT's investment management section. She was previously a senior reporter at Ignites Europe, an FT news services covering the retail fund industry.
Ed Moisson is a reporter for Ignites Europe, the FT’s fund management news service. Prior to this, he was a senior business development analyst at Barings. He entered the fund industry with specialist research firm Fitzrovia, which he joined in 1999, before it was acquired by Lipper, where he was head of UK and cross-border research.
This event has been produced to meet the needs of senior finance and investment professionals including; CIOs, CFOs, Fund Managers and Portfolio Managers operating in:
- DC and DB Pension Funds
- Insurance Companies
- Endowment Trusts
- Family Offices
- Sovereign Wealth Funds
A strictly limited number of paying places are available to senior representatives from consultancies and other professional service firms, including:
- Private Equity Houses
- Asset Management Firms
- Fund of Funds
- Investment Consultants
- Hear directly from Europe's Chief Investment Officers and senior portfolio managers on how they are navigating the unpredictable investment landscape
- Get expert insights on the prospects for fixed income, equity, alternatives, multi-asset investing and more
- Analyse how asset allocation is changing in the Trump era - how important is diversification and opportunistic investing in this period?
- Benefit from the very latest insights on which emerging markets are weathering the current volatility
- With an unrivalled number of institutional investors in the audience, this event offers unparalleled networking in an intimate, knowledge sharing setting
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Platinum Sponsors (1)
Neuberger Berman was founded in 1939 to do one thing: deliver compelling investment results for our clients over the long term. This remains our singular purpose today, driven by a culture rooted in deep fundamental research, the pursuit of investment insight and continuous innovation on behalf of clients, and facilitated by the free exchange of ideas across the organization.
As a private, independent, employee-owned investment manager, Neuberger Berman is structurally aligned with the long-term interests of our clients. We have no external parent or public shareholders to serve, nor other lines of business to distract us from our core mission. And with our employees and their families invested alongside our clients—plus 100% of employee deferred cash compensation directly linked to team and firm strategies—we are truly in this together.
From offices in 33 cities worldwide, Neuberger Berman manages a range of equity, fixed income, private equity and hedge fund strategies on behalf of institutions, advisors and individual investors worldwide. With more than 500 investment professionals and more than 2,000 employees in total, Neuberger Berman has built a diverse team of individuals united in their commitment to client outcomes and investment excellence. Our culture has afforded us enviable retention rates among our senior investment staff and has earned us citations in the top-ranked firms (among those with 1,000 or more employees) in the Pensions & Investments “Best Places to Work in Money Management” survey each year since 2013.
Gold Sponsors (2)
SPDR ETFs is the exchange traded fund offering from State Street Global Advisors, part of State Street Corporation. SPDR ETFs offers an array of international and domestic asset classes, providing investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 and has remained on the forefront of innovation, introducing many ground-breaking products, including first-to-market launches with convertible bonds, multi-asset global infrastructure and a full range of sector ETFs. SPDR ETFs now has more than $588bn AUM globally across 269 funds*.
*As at 30 June 2017
EG Capital Advisors is an international holding company which, through its subsidiaries, advises the equivalent of over 6 bln USD of assets and provides retail and institutional clients with investment opportunities in multiple asset classes including publicly listed equity securities, private equity, fixed income and real estate. The company rapidly started its activities in 2013, and has built the platform, investment products and client base in less than two years. EG Capital Advisors team brings together more than 40 specialists with approved experience in international financial companies and strong track record of completed projects.
Silver Sponsors (1)
Orbis is a global investment firm, managing £20 billion of assets. Founded in 1989, it is privately-owned, with offices in nine locations globally and a substantial presence in the UK. Its investment philosophy is based on active, bottom-up stockpicking for the long term. All fee structures are performance-based and the firm’s employees, management and owners are significant investors alongside clients in the Orbis Funds.
The London Stock Exchange Group’s ELITE program supports ambitious private companies through their next stage of growth. First implemented in 2012, ELITE is already established in Europe and Africa and is rapidly expanding across the globe with over 600 companies in the program and over 250 in the advisory and investor community.
ELITE Club Deal is the LSEG’s digital private placement platform, designed to streamline the capital raising process for ELITE companies and institutional/professional investors. This initiative bridges a funding gap by bringing together professional investors with high quality growth companies in a secure and efficient environment through an online platform.
ELITE Connect is the leading technology platform in virtual communication designed for institutional investors, listed companies and intermediaries. Using advanced, user friendly technology the platform offers company profiles, virtual meetings, webcasts, event management tools and Academy tutorials. Our mission is to create efficient and cost effective ways for companies, investors and brokers to connect and interact.
Media Partner (1)
Savvy Investor http://www.savvyinvestor.net is the world’s leading platform for investors’ research – curating, distributing and promoting investment white papers to institutional investors. The site is split into 50 topic sections, with a dedicated section for Institutional Asset Managers.
During registration, which is free, each member specifies the investment topics they are interested in, which enables the site to provide a very personalised experience. With over 20,000 members, Savvy Investor is growing fast. Every month, over 12,000 white papers are downloaded from our site – more than any other platform.
Supporting Partners (3)
The Association of the Luxembourg Fund Industry (ALFI) is the representative body of the Luxembourg investment fund community. Created in 1988, the Association today represents over 1,500 Luxembourg domiciled investment funds, asset management companies and a wide range of service providers such as depositary banks, fund administrators, transfer agents, distributors, legal firms, consultants, tax experts, auditors and accountants, specialist IT providers and communication companies. The Luxembourg Fund industry is the largest fund domicile in Europe and a worldwide leader in cross-border distribution of funds. Luxembourg-domiciled investment structures are distributed on a global basis in more than 70 countries with a particular focus on Europe, Asia, Latin America and the Middle East.
For further information, do not hesitate to consult our website at www.alfi.lu.
Irish Funds is the representative body for the international investment fund community in Ireland. Irish Funds represents fund managers, custodians, administrators, transfer agents, professional advisory firms and other specialist firms involved in the international fund services industry.
Over 880 fund managers from 50+ countries have €4.2 trillion in assets administered in Ireland and 17 of the top 20 global asset managers have Irish domiciled funds. Irish domiciled funds attracted €139bn of net sales in 2016, the highest rate in Europe. The range of fund services provided in Ireland are supported by 14,000 highly skilled professionals throughout the country.
Irish Funds supports the continued development of the industry and has helped shape Ireland's regulatory and legislative framework based on collaborative efforts across our member companies.
The Business Year (TBY) is a global media group specializing in economic news, research on national economies, and business intelligence across emerging markets. With operations in over 35 countries, we bring first-hand insights to investors, businesses, and governments worldwide.
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