PROGRAMME - Principal Officers Association

Breakfast Seminar, Johannesburg28 September 2011Learn more about Umbrella FundsHugh Hacking, Old Mutual Corporate_________________________Also on the programme:Tactical Asset Allocation, Afena CapitalStructured Products as an Asset Class, Standard BankFormal Consultation on Professionalisation, INSETADATE: 28 September 2011TIME: 09:30 to 13:00 (Registration starts at 08:30)VENUE: Blue Valley Golf & Country Estate (Gate code to followfor access purposes. You cannot access the Estate without acode.)PLEASE CLICK HERE FOR MAPRSVP: Jabu Mngxekeza, (011) 805 6340, info@poa.org.zaFEES: POA members, free / Non-members R400 ppWhat we offermembersi Peer networkingi Specialconference ratesi Updates onindustrydevelopmentsi KnowledgeablespeakersPROGRAMMERegistration and breakfast from 08:30 to 09:30

09:30 to 09:45A WORD OF WELCOMEAnne-Marie D’AltonChief Executive Officer, Principal Officers Association09:45 to 10:30LEARN MORE ABOUT UMBRELLA ARRANGEMENTSHugh HackingHead of Retirement Fund Solutions, Old Mutual Corporate10:35 to 11:20TACTICAL ASSET ALLOCATIONAndrew JoannouPortfolio Manager, Afena Capital11:20 to 11:40 TEA BREAK11:40 to 12:25STRUCTURED PRODUCTS AS AN ASSET CLASSJo McClureSenior Manager, Buy Side Structured Sales, Standard Bank12:30 to 13:00COMMENCEMENT OF FORMAL CONSULTATION FORPROFESSIONALISATIONNadia TrautQCTO Project Specialist, INSETA13:00 CLOSUREMORE ABOUT THE CONTENT AND SPEAKERSTactical Asset Allocation

Can equity investors recognise the Danger Zone?Recent history has provided us with several examples of how volatile equities canbe. There were stock market crashes in 1987 and in the early nineties. The Asiancrisis in 1998 produced a 43.8% loss in capital, and in 2001 the Dot Com Crashlasted for 126 days. Last but not least, we have the Global Credit Crisis to thank fora decline in equities of 46.4% from May to November 2008. So despite their goodperformance over the longer term, equities remain a challenge for investors.But is there a way to escape the downside? Can one anticipate market downswingsand temporarily remove funds to a safe haven? Andrew Joannou from Afena Capitalconsiders the question of whether a tactical asset allocation strategy can helppreserve or grow the capital of a pension fund, and he demonstrates the materialchange that would have been reflected in the return profile, had certain eventsbeen avoided.Andrew JoannouPortfolio Manager: Afena CapitalAndrew is a portfolio manager at Afena Capital and a founding partner in the firm.He manages the Afena Capital Multi-asset Portfolios (Managed / Balanced fund) andthe non-benchmark Cognisant Equity Portfolios. He is also responsible forfundamental stock analysis focusing on the resources sector.Andrew graduated from the University of Cape Town with a Bachelor of BusinessScience degree in the special field of Finance. He is a Chartered Financial Analyst(CFA) charter holder.He has eleven years of investment experience which includes time at InvestecAsset Management as sector head of small and mid cap companies, and as aportfolio manager of the Emerging Companies unit trust, and co-manager of a largevalue fund. He also spent time at Prudential Portfolio Managers as an investment

analyst.Hugh HackingHead of Retirement Fund Solutions: Old Mutual CorporateHugh graduated with distinction from the University of the Witwatersrand as anelectrical engineer. After gaining experience in the manufacturing industries hemoved to the financial services industry. At Nedbank he designed the transactionengine for the first internet banking system in South Africa.In 1998 he was appointed head of IT for the Old Mutual unit trust business and in2000 he completed his MBA through Herriot-Watt University in Edinburgh. Hugh iscurrently Head of Retirement Fund Solutions at Old Mutual Corporate and is also aCFA Charterholder.Jo McClureSenior Manager: Buy Side Structured SalesStandard BankJo studied at St Mary’s School for Girls and the University of the Witwatersrand.She went on to qualify as a Chartered Accountant and is a member of the SouthAfrican Institute of Chartered Accountants (SAICA). Jo completed her articles atKPMG.Jo worked in corporate finance and structured products at Investec, and again instructured products at Standard Bank, giving her over 5 years’ experience instructured products. Her key clients have included asset managers, pension fundsand hedge funds. She has experience in providing passive hedging solutions topension funds and has done so to the value of R10 billion. She achieved this byworking through asset consultants and making use of different solutions rangingfrom funded solutions to derivative solutions.

Nadia TrautProject Specialist: QCTOINSETANadia Traut works for INSETA as the QCTO specialist. She manages the QCTOProject with the primary objective of taking care of the transition of the SETA andthe insurance sector from the old to the new education and training framework.Previously Nadia managed learnerships for the provincial government of theWestern Cape. Before that she was the Milpark Project Manager for the BankSETAlearnerships.Nadia holds an Honours degree in Psychology from the University of Cape Townand is currently working towards a Master of Education degree at the University ofthe Witwatersrand.Click here for the registration form and join us for an educational value-addexperience