Abu Dhabi: The Gulf's Best Kept Secret - Euromoney Conferences
Abu Dhabi: The Gulf's Best Kept Secret - Euromoney Conferences
Abu Dhabi: The Gulf's Best Kept Secret - Euromoney Conferences
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Tuesday 5 March<br />
08.00-09.00 Registration and Coffee<br />
Lower Sugar<br />
Opening Sessions<br />
Porter Tun<br />
Finding Growth Strategies in Fixed Income<br />
09.05-09.15 <strong>Euromoney</strong> Welcome: Christopher Garnett, Director, <strong>Euromoney</strong> <strong>Conferences</strong><br />
09.15-09.35 Keynote Address: Andrew Bailey, Executive Director, Bank of England and Managing Director, Prudential<br />
Business Unit, FSA<br />
09.35-10.45 PANEL I: Bond Buying in Crisis<br />
10.45-11.15 Coffee Break<br />
<strong>The</strong> sovereign debt crisis: now for the next stage<br />
Escaping the risk-on/risk-off cycle<br />
Unorthodox monetary policy and its effects on bond buying<br />
How to manage a decade of financial repression<br />
What CACs mean for bond buyers<br />
Learning to live in a less investor-friendly world where returns are lower and volatility higher<br />
Bond buying: moving from capital preservation to return seeking<br />
Corporate and emerging market asset classes: solutions or overcrowded trades?<br />
Absolute return strategies in bond buying<br />
Preparing for the bond unwind<br />
Moderator: Mark Johnson, Editor, <strong>Euromoney</strong> <strong>Conferences</strong><br />
Speakers: Paul Brain, Head of Fixed Income, Newton Investment Management<br />
Christian Eckert, Head of European Fixed Income, Lazard Asset Management<br />
Glenn Hadden, Global Head of Interest Rates, Morgan Stanley<br />
Stephen Jen, Managing Partner, SLJ Macro Partners LLP<br />
Moritz Kraemer, Managing Director and Lead Analytical Manager for Sovereign Ratings, EMEA, Standard & Poor's<br />
Michael Krautzberger, Managing Director and Head of European Fixed Income, BlackRock<br />
Cosimo Marasciulo, Head of European Government Bonds and FX, Pioneer Investments<br />
King George III<br />
11.15-12.00 Workshop A<br />
Hosted by: Morgan Stanley<br />
Porter Tun<br />
Investing in a Financially Repressed World<br />
Morgan Stanley’s thought leaders and senior risk<br />
takers will share their insight on where we view value<br />
in the marketplace going forward.<br />
Is financial repression inevitable given the<br />
unsustainable amount of public sector liabilities?<br />
Are most developed economies effectively<br />
insolvent?<br />
If so, when and how will the public sector<br />
eventually impose a cost on the private sector in<br />
the form of higher taxes and reduced services?<br />
Moderator: Neil McLeish, Head of Fixed Income<br />
Research, Morgan Stanley<br />
Speakers: Glenn Hadden, Global Head of Interest<br />
Rates, Morgan Stanley<br />
Angelie Moledina, Co-Head of European Interest<br />
Rate Trading, Morgan Stanley<br />
Vincent Reinhart, Chief US Economist and Co-Head<br />
of the Global Economics Team, Morgan Stanley<br />
PANEL II: Emerging Markets – <strong>The</strong> Growth Asset Class<br />
Queen Charlotte<br />
What emerging market debt can do for fixed income<br />
portfolios<br />
<strong>The</strong> economic case for growth markets: positive<br />
demographics; economic reform; improving governance<br />
and increasing industrialization<br />
<strong>The</strong> technical case for growth markets: increased liquidity;<br />
reduced volatility and credit upgrades<br />
Emerging market inflows: avoiding a new asset bubble<br />
Capital flows: monetary policy, exchange rates and the<br />
bond market<br />
Moderator: Christopher Garnett, Director, <strong>Euromoney</strong><br />
<strong>Conferences</strong><br />
Speakers: Nick Eisinger, Sovereign Bond and Macro Analyst,<br />
Fidelity Management and Research Inc.<br />
Tomas Franzén, Chief Investment Strategist, Second<br />
Swedish National Pension Fund/AP2<br />
Frances Hudson, Investment Director, Global <strong>The</strong>matic<br />
Strategist, Multi Asset Investing, Standard Life Investments<br />
Adrian Lee, President and Chief Investment Officer, Adrian<br />
Lee & Partners<br />
Jerry Webman, Chief Economist, OppenheimerFunds
12.05-12.50 Workshop B<br />
Hosted by: RBC Capital Markets<br />
Porter Tun<br />
12.50-13.50 Lunch<br />
Liquidity Enhanced Returns in a Changing<br />
Environment<br />
How can public debt be reduced if not by<br />
default and what is the impact for the investor?<br />
Which alternatives are there to obtain a decent<br />
total return in a low yield environment?<br />
What options are available for investors to get<br />
involved?<br />
Speakers: Keith McIntosh, Co-Head of European Rates<br />
Trading, RBC Capital Markets<br />
Priya Nair, Managing Director, Debt Capital Markets<br />
Origination, RBC Capital Markets<br />
Josep Santacana, Co-Head of European Rates<br />
Trading, RBC Capital Markets<br />
Peter Schaffrik, Head of European Rates Strategy,<br />
RBC Capital Markets<br />
King George III<br />
13.50-14.35 PANEL III: How to Invest in Emerging Market Debt<br />
Porter Tun<br />
14.35-15.00 Coffee Break<br />
How to incorporate emerging market debt into portfolios<br />
<strong>The</strong> rise of cross-over investing<br />
Correlation with more established bond markets<br />
Which indices to follow<br />
Workshop C<br />
Hosted by: Deutsche Bank<br />
Queen Charlotte<br />
Liquidity, settlement and clearing in local currency bond markets<br />
<strong>The</strong> development of credit products in emerging market debt<br />
Moderator: Katie Llanos-Small, Features Editor, LatinFinance<br />
CoCos, Capital and Crystal Balls<br />
Capital for financial institutions continues to spark intense<br />
discussion amongst issuers, investors and regulators.<br />
What is the outlook for capital issuance and<br />
regulatory certainty in Europe?<br />
Why are there more CoCos being issued and<br />
should they be viewed as an alternative source of<br />
capital?<br />
How should investors view "new style" or "bail-in"<br />
capital instruments<br />
What can we expect in terms of performance and<br />
liquidity of capital instruments?<br />
Moderator: Vinod Vasan, Head of Financial Institutions<br />
Group, Europe, Deutsche Bank<br />
Speakers: Adekunle Ademakinwa, Global Risk Syndicate,<br />
Deutsche Bank<br />
Nigel Howells, Director, Capital Solutions Group, Deutsche<br />
Bank<br />
Christian Leukers, Credit Trading, Deutsche Bank<br />
Speakers: Sam Finkelstein, Portfolio Manager, Head of Macro Strategies, Goldman Sachs Asset Management<br />
Ignacio E. Sosa, Executive Vice President, Emerging Markets Product Management, PIMCO<br />
Yerlan Syzdykov, Senior Portfolio Manager, Emerging Markets and High Yield Fixed Income, Pioneer Investments<br />
Helene Williamson, Head of Emerging Markets Debt, First State Investments<br />
King George III<br />
Afternoon Sessions<br />
Porter Tun<br />
15.00-15.55 PANEL IV: Regulation, Liquidity, Intelligent Indices: <strong>The</strong> New Shape of the Bond Market<br />
What regulation means for the fixed income markets<br />
Capital pressures, bank books and bond market liquidity<br />
New peer-to-peer trading systems<br />
Developing intelligent benchmarks: moving away from market-weighted indices<br />
Dealing with ratings migration<br />
Developing in-house rating systems<br />
<strong>The</strong> effects of central clearing<br />
Moderator: Andrew Capon, Writer on Markets, Investment, and Asset Management<br />
Speakers: Reiner Back, Head of Fixed Income and FX, MEAG<br />
Didier Haenecour, Head of Fixed Income Index, Europe, Vanguard Investments<br />
Ciaran O'Flynn, Co-Head of European Interest Rate Trading, Morgan Stanley
16.00-16.55 PANEL V: Bank Debt Refigured<br />
Wednesday 6 March<br />
<strong>The</strong> relationship between sovereign and bank debt<br />
What recapitalisation means for bank credit<br />
What bail-ins and bail-outs mean for bank debt markets<br />
Collateral shortages<br />
What Basle III means for bank debt<br />
<strong>The</strong> changing relationship between different parts of the capital structure<br />
What a European banking union means for bank debt<br />
Moderator: Will Caiger-Smith, Bank Finance Editor, EuroWeek<br />
Speakers: Peter Doherty, Partner and Chief Investment Officer, Tideway Investment Partners<br />
Georg Grodzki, Head of Credit Research, Legal & General Investment Management<br />
Simon Hills, Executive Director, British Bankers' Association<br />
Steve Hussey, Head of Financial Institutions Credit Research, AllianceBernstein<br />
John Raymond, Banking Analyst, CreditSights<br />
08.50-09.20 Registration and Coffee<br />
Lower Sugar<br />
Opening Sessions<br />
Porter Tun<br />
09.20-09.25 <strong>Euromoney</strong> Welcome: John Baskott, Director, Global Head of Sales, <strong>Euromoney</strong> <strong>Conferences</strong> and HedgeFund<br />
Intelligence <strong>Conferences</strong><br />
09.25-09.40 Keynote Address: James Clark, Deputy Assistant <strong>Secret</strong>ary for Federal Finance, US Treasury<br />
09.40-10.55 PANEL VI: Sovereign Borrowers<br />
10.55-11.15 Coffee Break<br />
What does the sovereign debt crisis mean for the Eurozone government bond market<br />
Credit trends in European sovereign borrowing<br />
<strong>The</strong> effect of the ESM<br />
Unorthodox monetary policy and sovereign debt markets<br />
Inflation-linked programmes<br />
Developing new sources of demand<br />
Moderator: Mark Johnson, Editor, <strong>Euromoney</strong> <strong>Conferences</strong><br />
Speakers: Maya Atig, Deputy Chief Executive, Agence France Trésor<br />
Maria Cannata, Director General, Public Debt Management, Italian Ministry of Economics and Finance<br />
James Clark, Deputy Assistant <strong>Secret</strong>ary for Federal Finance, US Treasury<br />
Ignacio Fernández-Palomero Morales, Deputy Head of the Treasury, Head of Funding and Debt Management,<br />
Ministry of Economy and Finance, Spain<br />
Gabriele Frediani, Head of Markets, MTS<br />
Robert Stheeman, Chief Executive, UK Debt Management Office<br />
Erik Wilders, Agent, Dutch State Treasury Agency<br />
King George III<br />
11.15-12.00 Workshop D<br />
Hosted by: J.P. Morgan<br />
Porter Tun<br />
12.00-13.00 Lunch<br />
Sovereign Inflation Linked Markets<br />
Current opportunities for global investors<br />
Is it the beginning of the end for inflation targeting?<br />
Inflation tail risks – what are the best hedges?<br />
Speakers: Francis Diamond, Executive Director, Fixed Income Research, J. P. Morgan<br />
Jasper Falk, Managing Director, Global Head of Inflation Linked Trading, J. P. Morgan<br />
King George III
Afternoon Sessions<br />
Porter Tun<br />
13.00-13.45 PANEL VII: Corporate Credit in a Changing World<br />
<strong>The</strong> corporate bond market: supply and demand<br />
Credit trends in the corporate bond market<br />
Incorporating credit in a fixed income portfolio<br />
Corporate bond indices<br />
Moderator: Duncan Kerr, Deputy Editor, <strong>Euromoney</strong><br />
Speakers: Maureen Baker, General Manager, Funding and Investor Relations, ArcelorMittal<br />
Andrea Cicione, Head of Credit and Rates Strategy, Lombard Street Research<br />
Martin Opfermann, Head of Credit, Allianz Investment Management SE<br />
Craig Veysey, Head of Fixed Income, Sanlam Private Investments<br />
Mark Wauton, Head of Credit, Aviva Investors<br />
13.45-14.30 PANEL VIII: Economists’ Debate: <strong>The</strong> Global Outlook<br />
What next for the Eurozone?<br />
<strong>The</strong> US: fiscal politics and the bond markets<br />
<strong>The</strong> US: monetary politics and the bond markets<br />
China: fighting slowdown<br />
China and the US<br />
Asia: growth strains<br />
<strong>The</strong> commodity cycle<br />
Where is inflation going? And what does this mean for bond markets?<br />
Moderator: Mark Johnson, Editor, <strong>Euromoney</strong> <strong>Conferences</strong><br />
Speakers: David Barker, Chief Economist, Moore Europe Capital Management<br />
Tim Bond, Head of Investment Strategy, Odey Asset Management<br />
Philip Shaw, Chief Economist, Investec<br />
Neil Williams, Chief Economist, Global Government and Inflation Bonds, Hermes Fund Managers<br />
14.30 Close of Conference<br />
<strong>Euromoney</strong> <strong>Conferences</strong> reserves the right to amend the programme and is not responsible for cancellations due to unforeseen circumstances. <strong>Euromoney</strong> <strong>Conferences</strong> accepts no<br />
responsibility for statements made verbally or in written material distributed by any of its speakers at its conferences. In addition, <strong>Euromoney</strong> <strong>Conferences</strong> is not responsible for any<br />
copying, republication or redistribution of such statements.
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