Fixed Income Leaders Summit APAC 2018

18 - 20 September, 2018

Sheraton Towers, Singapore

65 6722 9455

Fixed Income Leaders Summit APAC Day 1 - Wednesday, 19th September 2018

Conference Registration & Networking Breakfast

8:00 am - 8:50 am Conference Registration & Networking Breakfast

8:50 am - 8:55 am Welcome Remarks

8:55 am - 9:00 am Chairperson’s Opening Remarks

Brett Elvish - CEO and Founder Financial Viewpoint
img

Brett Elvish

CEO and Founder
Financial Viewpoint

The Global Outlook

9:00 am - 9:20 am Buy Side Keynote Interview: Local markets and global influences - What are the transferrable lessons from global markets on the future of fixed income in Asia?

Christophe Roupie - Head of Europe and Asia MarketAxess and TRAX Alexander Bouzalis - Executive Director Morgan Stanley Investment Management Eric Busay - Founder SROL Consulting
With the constant shift in competitive dynamics, new regulations and technology advancements, it is critical to adapt your fixed income investment and trading workflows in the face of these sweeping changes to stay ahead in the market. During this keynote session you will gain a perspective from the US and Europe on what the future of fixed income looks like and how you can best adapt your business to stay ahead in the market.
Eric will be sharing his experience across, currency trading, foreign fixed income, sales and portfolio management, working as a portfolio manager at one of the largest US public pension funds for 17.5 years.
 
-          What are the classification of product available?
-          What are the dominant economic themes that shape reality?
-          What do the developments of new products, new technologies and new regulations suggest for the future?
-          How has regulation reshaped the present and the probable future?
-          Will classic fixed income strategies standalone or increasingly be swept into multi-asset or multi-strategy?
-          What result will technologically due to the changes in market structure, counterparty selection, pre-trade price discovery, execution mechanism, trading, clearing obligations, product governance, post-trade analysis and reporting and investor protections?
-          The changing dynamics of buy side and sell side relations. What will your clients demand? How can you transform the skill sets of your trading desk to stay ahead in the market? What personal and technical skills will be in ascension? Decline?
-          Recognising the key differences between fixed Income and other asset classes - What can you learn from the technology boom in other asset classes and what does this mean for fixed income?
-          The shifting competitive dynamics with new regulations and technology advancements - How can you adapt your trading workflows in the face of these sweeping and rapid changes?
-          The changing dynamics of buy side and sell side relations - How can you transform the skill sets of your trading desk to stay ahead in the market?
img

Christophe Roupie

Head of Europe and Asia
MarketAxess and TRAX

img

Alexander Bouzalis

Executive Director
Morgan Stanley Investment Management

img

Eric Busay

Founder
SROL Consulting

9:20 am - 9:40 am Sell Side Keynote: Embracing digitalization whilst retaining the ‘human touch’ – An insight on how the sell side are evolving to embrace new ways of working to thrive in the disruptive technology led landscape

Mark Goodman - Managing Director, Global Head of Electronic Execution UBS Investment Bank
Everyone knows that valuations are stretched, credit rates are tight and interest rates are low. In 2006 valuations were also stretched, where things became worse in the following year and it all came tumbling down in 2008. So what lessons can we learn from 2006-2008? Listen to Mark Goodman, who will share his views on the latest geopolitical and economic factors that are shaping the fixed income industry.
Mark comes with more than 20 years of experience in the finance industry where he has experienced various levels of geo political risks and has been recognised by Institutional Investors as a top analyst for the last 6 consecutive years. In this session he will share:
- Machine learning, data processing and algos - Assessing the next generation technology coming to the sell side trading floor
- Assessing the new opportunities in an age of digitalization
- The evolution of the sell side trader- How can humans work WITH machines to unlock new frontiers of performance?
- How are sell side business models evolving and what will the trading floor look like in 2023?
img

Mark Goodman

Managing Director, Global Head of Electronic Execution
UBS Investment Bank

9:40 am - 10:10 am Regulatory Panel: Trading in a highly regulated environment – On the back drop of MiFID II, Dodd Frank and Basel III what are the transferrable lessons from other buy side firms implementation that you should factor into your reform plans?

Brett Elvish - CEO and Founder Financial Viewpoint Eric Busay - Founder SROL Consulting Sam Ahmed - Managing Director and Head of Asia Pacific Deriv Asia Haroon Mufti - Director Financial Markets Compliance Standard Chartered Bank
Are you grappling with the practical implications of MiFID II, Dodd Frank and Basel III? Listen to our panel of global and Asian fixed income heads who will share their experience on the implementation process of these regulatory reforms and how you can best respond to the intended and unintended consequences of these regulations.
- How have new regulatory rulings impacted front office trading?
- With Basel III adoption in full flight in Asia how has this affected risk appetite for banks?
- Are various market based regulations creating the need for superior real time risk management and further investment risk into middle to back office infrastructure?
- With MiFID II now being implementation, what are the major buy side priorities for fixed income in 2018/19 and how will this change trading and investment structures in Asia?
- What are the overall risks and opportunities that these regulations will bring to the market and how will this affect competitiveness?
- Practical implementation of MiFID II - How can you adapt your people, processes and technology to achieve cost efficient compliance?
- How can you enhance your workflows across the full life cycle of a transaction in the light on MiFID II: pre-trade price discovery, counterparty selection, execution mechanism, post-trade analysis and reporting?
img

Brett Elvish

CEO and Founder
Financial Viewpoint

img

Eric Busay

Founder
SROL Consulting

img

Sam Ahmed

Managing Director and Head of Asia Pacific
Deriv Asia

Haroon Mufti

Director Financial Markets Compliance
Standard Chartered Bank

Spotlight On Innovation

10:10 am - 10:25 am Keynote Presentation: How to open bond markets to mobile trading through innovation and new technology

Simon Fasdal - Head of Fixed Income Saxo Bank
Bond markets have suffered from inefficient manual trading models for years. Join Simon Fasdal to learn how a fully digitized value chain can open bond trading to everyone. See how Saxo's transformative fixed income trading solution connects investors with the entire global bond market in a direct, competitive, transparent and efficient manner. Digital bond trading is fully accessible through any browser on a desktop, tablet or mobile device. Using automation and robotics, clients receive the same mobile trading experience as they are used to from equity markets, offering both speed of execution and transparency.

Simon Fasdal combines 20 years’ fixed income trading experience with Saxo’s 25 years’ experience in democratising trading and investment through technology.
img

Simon Fasdal

Head of Fixed Income
Saxo Bank

10:25 am - 10:55 am Morning Refreshment Break

Spotlight On China

How would you like to tap into China’s $9tn bond market? Gain first hand clarity on everything you need to know about China’s complex bond market structure and the risks associated with investing in Chinese onshore bonds from Blackrock, Amundi, Schroders and ICMA.

- Utilisation currently less than 3% - What are the major difficulties that foreign investors face in trading bonds in the Chinese onshore market and how can they be overcome?
- What do you need to know about the Chinese bond market’s complex structure and what are the risks associated with investing in Chinese onshore bonds?
- What are the recent changes in the bond connect system that seems attractive to the foreign investors?
- What are the new products that are being launched in China’s onshore market and how that’s going to impact products that asset managers are managing in the offshore market?
- QFII / RQFII, Direct CIBM, Bond Connect - Which will be the main access channel for you?
img

Manu George

Senior Investment Director, Fixed Income
Schroders Investment Management

img

Eric Liu

Portfolio Manager
BlackRock

img

Simon Fasdal

Head of Fixed Income
Saxo Bank

img

Ricco Zhang

Director, Asia Pacific
International Capital Market Association (ICMA)

img

Rahul Bhalla

Executive Director & Head of Business Development, Asia Pacific
IHS Markit

Despite the loosened restrictions on capital inflows, the market still lacks depth, with foreign investors holding less than 3% of all outstanding bonds in China – Will this improve? In this panel, our expert speakers from AB Global, Lion Global and Robeco will share their insights on how you can best respond to the recent regulatory reforms and market conditions that are affecting the inflow of foreign investors in China.

- Do we see the global role of Chinese markets expanding in the next one to two years?
- Despite the loosened restrictions on capital inflows, the market still lacks depth, with foreign investors holding less than two percent of all outstanding bonds in China – Will this improve?
- The deleveraging has increased yields in China – Will this attract more long term investors?
- Chinese bonds are rated by domestic ratings agencies, which are viewed by foreign investors with distrust for granting overly generous credit ratings – Is this a major risk for investors to tackle?
- Does the lack of an independent judiciary and the communist party’s dominance of all aspects of policy making create a potential bar for foreign investors?
- The dilemma of a market that is appealing on the one hand but on the other considered to carry too many risks – Is it worth the risk to invest in this market?
img

Ricco Zhang

Director, Asia Pacific
International Capital Market Association (ICMA)

img

Brad Gibson

Head of Portfolio Management - Fixed Income
AB Global

img

Ken Hui

Chief Operating Officer
Fullgoal Asset Management

img

Gary Zhou

Director of Fixed Income Investments
China Securities International Asset Management

12:05 pm - 12:25 pm Morning Refreshment Break

Overcoming Fragmentation

12:25 pm - 1:05 pm Electronification 360° Perspective: What is the optimum number of liquidity providers and platforms per product type to overcome fragmentation challenges, and of all the players out there who will be the winners?

Sam Ahmed - Managing Director and Head of Asia Pacific Deriv Asia Kheng Siang Ng - Asia Pacific Head of Fixed Income State Street Global Advisors Jesper Bruun-Olsen - Head of Asia Pacific Algomi Jon George - Managing Director, Global Head of Institutional Services Fenics Kem Husain - Head of Asia Pacific Sales AxeTrading
In light of the influx of new platforms there is no doubt your role as a buy side heads of fixed income trading is becoming challenging on accessing who is the best placed on meeting you liquidity needs. Hear from the leading buy side and platform providers on which combination of platforms will equip you to navigate this fragmented landscape:
 
-          The electronification journey from price discovery, order taking to order execution - what has changed in the full trading cycle in the last one year?
-          Adapting to the new norm - How can you set up your internal processes, connectivity and technology to maximize liquidity and meet your investment needs?
-          Electronic trading in the credit spectrum – What best strategies can be implemented to maximise efficiency for pre trade, on trade and post trade?
-          How can the buy side and sell side change the structure of how trading is done to improve the efficiency and liquidity in the trading environment?
-          The inability to cancel a trade when you make an error – how can technology providers improve this to attract more investors to migrate to all-to-all platforms?
-          How can you determine specialisation strategies and independent broker solutions to improve your trading desk?
-          The rise of multi-asset trading - how can you drive your trading desks towards a more value-added proprietary model?
img

Sam Ahmed

Managing Director and Head of Asia Pacific
Deriv Asia

img

Kheng Siang Ng

Asia Pacific Head of Fixed Income
State Street Global Advisors

img

Jesper Bruun-Olsen

Head of Asia Pacific
Algomi

img

Jon George

Managing Director, Global Head of Institutional Services
Fenics

img

Kem Husain

Head of Asia Pacific Sales
AxeTrading

Big Idea Guest Speaker

1:05 pm - 1:30 pm How will blockchain bring a radical shift in the way you think about financial assets and the way the financial industry will operate in the future?

Toby Hoenisch - Co-founder & CEO TenX
Toby is a serial entrepreneur and blockchain expert, and is extremely passionate about banking the unbanked by leap frogging today’s legacy finance system and making blockchain & crypto-currencies useable and accessible to anyone. Toby is a frequently invited speaker at global Tech/FinTech events as well as a regular commentator in the media on current blockchain trends, the future of cryptocurrency and best ICO practices.
img

Toby Hoenisch

Co-founder & CEO
TenX

1:30 pm - 2:30 pm Lunch and Networking Break

Chair: Brett Elvish, Director, Financial Viewpoint

TRACK A | Trading: Addressing Post MIFID II Implementation Challenges

2:30 pm - 3:10 pm Fire-side chat: Practicalities of unbundling - Evaluating the best options for sourcing quality research at the optimum price
Brett Elvish - Director Financial Viewpoint Shantanu Shukla - VP, Global Markets State Bank of India Brayan Lai - Research Consultant Bondcritic
Research unbundling comes at a time of heightened pressure on investment manager fee structures, with many managers looking to build scale and drive cost efficiencies. Investment managers are also redoubling efforts to demonstrate differentiated performance, and this will accentuate demand for access to insightful content from providers with a true edge. Hear from our experienced speakers who will share their thoughts on how to evaluate the best options of sourcing research?

- How can you evaluate the best options of sourcing research?
- How do you anticipate paying for research under MiFID II? – By setting up a research payment account (RPA) or paying for research directly?
- Establishing the real cost of research- How is fixed income research now being handled by the buy side and how is it being paid for?
- What are the opportunities for third party research providers?
- What are the risks associated with research unbundling?
- The creation of standalone research facilities – How has the migration of execution services from dealers to third-party venues and the separation of research from execution led to more standalone research venues?
img

Brett Elvish

Director
Financial Viewpoint

img

Shantanu Shukla

VP, Global Markets
State Bank of India

img

Brayan Lai

Research Consultant
Bondcritic

TRACK A | Trading: Addressing Post MIFID II Implementation Challenges

3:10 pm - 3:40 pm Fire-side chat: Preparing for trade reporting changes - How to identify the SI status of your counterparties and report trades to an APS in a timely manner
Brett Elvish - Director Financial Viewpoint Steve Murphy - Sales Director Emea and Apac Smartstream RDU
MiFID II rules have shifted the responsibility for trade reporting to the buy side for certain products and in certain situations asset managers are no longer able to rely on brokers to report transactions. Hear from our expert speakers on how you can ensure that you are well equipped for real-time reporting obligations.

- Transparency - How can you collect and maintain the huge amounts of data required with the use of technology?
- What are the Implications of MiFID II for post-trade workflows such as reporting and recordkeeping, in terms of supporting technology?
- The shift in responsibility for trade reporting – How can you ensure that you are well equipped for real-time reporting obligations?
- How can brokers provide a comprehensive TCA to clients to meet reporting obligations?
- How can you use the increased amount of data as a competitive advantage and use MiFID II as a catalyst to ensure your data infrastructure is flexible and efficient?
img

Brett Elvish

Director
Financial Viewpoint

img

Steve Murphy

Sales Director Emea and Apac
Smartstream RDU

TRACK A | Trading: Addressing Post MIFID II Implementation Challenges

3:40 pm - 4:00 pm Fire-side chat: Price discovery and position sourcing in a fragmented bond market - Will the buy side play a more active role as price- makers on electronic trading platforms?
Brett Elvish - Director Financial Viewpoint Rachana Mehta - Co-Head Regional Investments - Fixed Income Maybank Asset Management Singapore Eric Neo - Chief Executive Officer & Chief Information Officer Neo & Partners Global
The problem:
- Proliferation of platforms
- Capital constrained sell-side
- Shrinking balance sheet bond inventories
- Result is that public liquidity is a “mile wide and an inch deep”

- How do you go about price discovery in this environment?
- How do you establish where liquidity resides? Role of brokers, others?
- Do you expect to use different methods over time, or will direct phone discussions with brokers still be the primary method?
- Do you expect to engage directly with other buy-side participants to buy and sell positions?
- What has the impact been of cost pressures? Buyside, sellside, brokers, platforms
- Adequacy of research coverage post MiFID II? Any material change? New players, etc? Is this having any impacts on pricing and liquidity?
- If we had a blank sheet of paper, what would the ecosystem look like?
- If we look at the overall bond ecosystem, what needs to change to achieve better pricing and liquidity?
- Are there any lessons from other asset classes, or are bonds just too different?
img

Brett Elvish

Director
Financial Viewpoint

img

Rachana Mehta

Co-Head Regional Investments - Fixed Income
Maybank Asset Management Singapore

img

Eric Neo

Chief Executive Officer & Chief Information Officer
Neo & Partners Global

Chair: Pankaj Nagrath, MD and Head UHNW Advisory, Bank of Singapore

TRACK B | Portfolio Management: Capitalising On Fixed Income ETFs

2:30 pm - 3:10 pm 360° Perspective: Evaluating the global adoption of fixed income ETFs – How are firms in the US, Europe and Asia executing ETFs to reap the full benefits they have to offer
Pankaj Nagrath - Chief Business Advisor & Investment Counselor, GSAM Bank of Singapore Nic Yiu - Senior Fixed Income Trader Allianz Global Investors Ecaterina Bigos - Vice President BlackRock iShares Simon McGhee - Head of ETF Advisory Bluefin Europe Viktor Östebo - Head of Institutional ETF Trading Flow Traders
Bond ETFs are emerging as an important alternative for institutions implementing trades and adjusting portfolios where a growing numbers of institutions are incorporating ETFs into their investment universe, using them as tools to rotate sector allocations, increase or reduce risk levels, and adjust duration.
Hear from our panel of expert speakers in this 360° Perspective who will focus on how these age-old drivers of returns are again rising to prominence and reshaping portfolios. You’ll leave with new ideas you can put to work immediately:

-          Institutional usage of ETFs - how prevalent is this in Asia, what are the overall trends and what types of pre trade analysis are most commonly used?
-          What are the availability of ETFs within different regions in Asia and what is the usage rate of those ETFs?
-          Regulations: How are ETFs helping you to stay more compliant?
-          Who are the major players in the fixed income ETF space and how are they interacting with the rest of the value chain?
-          How are the buy side adopting ETFs and what are the use cases for trading them?
-          How are ETFs being utilized to buy and sell individual bonds and what liquidity benefits does it bring?
img

Pankaj Nagrath

Chief Business Advisor & Investment Counselor, GSAM
Bank of Singapore

img

Nic Yiu

Senior Fixed Income Trader
Allianz Global Investors

img

Ecaterina Bigos

Vice President
BlackRock iShares

img

Simon McGhee

Head of ETF Advisory
Bluefin Europe

img

Viktor Östebo

Head of Institutional ETF Trading
Flow Traders

TRACK B | Portfolio Management: Capitalising On Fixed Income ETFs

3:10 pm - 3:40 pm Fire-side chat: Assessing the various fixed income ETF options – What are the pros and cons of each for meeting your short term versus long terms investment objectives
Phil Cichlar - Head of Fixed Income Sales and Trading Jane Street Pankaj Nagrath - Chief Business Advisor & Investment Counselor, GSAM Bank of Singapore Binay Chandgothia - Managing Director - Portfolio Manager, Principal Portfolio Strategies Principal Global Investors
Like any other investments, bonds have risks and if you are investing in a bond ETF, then you should be very aware of these risks since they will impact the value of your exchange traded fund. In this panel our expert speakers will dig deep to explain the risks and opportunities that you need to be aware of.
 
-          How can you look into factors like liquidity, tracking errors, the tax regimes and where they are incorporated?
-          How can you use ETFs as a highly flexible tool to address both long-term strategic and short-term tactical investment objectives?
-          How do you access the different types of risks associated with ETFs when the market turns?
-          The difficulties of rebalancing in bond ETFs as compared to equity ETFs - What does it do in terms of the ability to get exposures quickly and in addition what types of risks does it create when the market turns?
-          What are the pros and cons of each type and strategy that you need to know to ensure you are making the most informed decisions?
-          How can you overcome key barriers to compete in this fast changing landscape?
img

Phil Cichlar

Head of Fixed Income Sales and Trading
Jane Street

img

Pankaj Nagrath

Chief Business Advisor & Investment Counselor, GSAM
Bank of Singapore

img

Binay Chandgothia

Managing Director - Portfolio Manager, Principal Portfolio Strategies
Principal Global Investors

TRACK B | Portfolio Management: Capitalising On Fixed Income ETFs

3:40 pm - 4:00 pm Fire-side chat: Unlocking the dual role of bond indices – How can you gain greater visibility to a historically opaque and illiquid asset class?
Pankaj Nagrath - Chief Business Advisor & Investment Counselor, GSAM Bank of Singapore Pak Wing Chung - Head of ETF & Indices, APAC ICE Data Services
The complex nature of the fixed income markets have made the emergence and initial adoption of the bond index much more gradual than its equity index cousin.
Our panel of speakers will demonstrate their views on how bond indices help investors manage the complexities of the bond market and bring greater visibility to a historically opaque and illiquid asset class:
 
-          What are the latest trends in fixed income indices?
-          What are the new types of indices that are being traded in the US and Europe and how they are essentially hitting Asia?
-          What are the advantages of using indices and what are the hedging strategies around that?
-          How can you tailor your potential exposure to risk and return?
-          Index families moving to new homes – what does this mean for the market demand in Asia?
-          How can you incorporate benchmark selection, portfolio construction, performance analysis and attribution, and risk management to effectively manage a fixed-income index?
img

Pankaj Nagrath

Chief Business Advisor & Investment Counselor, GSAM
Bank of Singapore

img

Pak Wing Chung

Head of ETF & Indices, APAC
ICE Data Services

Maximum 25 buy side delegates-sign up only

TRACK C | Workshops: Enhancing Alpha Through Advanced TCA

2:30 pm - 4:00 pm Synergy Workshop: Mastering the 3 principles of TCA – How to best execute data management, analytics and visualization to obtain reliable pre and post trade insights
Eiichiro Yanagawa - Senior Analyst Celent
Attend this 45mins workshop and walk away with key insights on everything you need to know about picking the right TCA technology and methodology to boost your trading performance:
 
-          What are the sought-after efficiencies creating the incentive to invest in TCA technologies?
-          How can you pick the right transaction cost analysis methodology to boost your trading performance?
-          How can TCA give you a better context behind each transaction, and ultimately fine-tune your trading strategies?
-          What types of fixed income TCA models are being developed and how are they different to other asset classes?
-          Can a reliable fixed income TCA model encompass the full fixed income product range or should you use different TCA methodology for different products?
-          Is there the appropriate level of reference data within fixed income to create a reliable TCA methodology?
img

Eiichiro Yanagawa

Senior Analyst
Celent

4:00 pm - 4:30 pm Afternoon Refreshment Break

Chair: Brett Elvish, Director, Financial Viewpoint

TRACK A | Trading: Solving The Liquidity Crisis

4:30 pm - 5:20 pm 360° perspective: How can all-to-all trading platforms offer the best answer to address the liquidity drought?
Mushtaq Kapasi - Chief Representative, Asia Pacific International Capital Market Association (ICMA) Shiva Iyer - Senior Global Trader Eaton Vance Management Eric Busay - Founder SROL Consulting Michael Paulus - MD OpenDoor Securities
With liquidity drying up across the bond markets, investors can no longer rely on banks to provide a crucial intermediary function in secondary markets. It’s now time that investors took responsibility and did something about the liquidity challenge themselves. In this panel we investigate if all-to-all platforms provide the optimal mechanisms to find liquidity across fixed income products.

- Despite the benefits offered by all-to-all platforms, that most corporate bond trades continue to be negotiated between a dealer and an institutional investor via phone or chat – Will this change?
- Does all-to-all platforms provide the optimal mechanisms to find liquidity across fixed income products?
- Proliferation of new electronic trading venues- Is increased competition and innovation a benefit to the industry or does it hinder liquidity too much?
- Dark pools in fixed income - Will dark pools be the next best trading medium with dealer banks scaling back their operations?
- Is the buy side still reluctant to break from traditional relationship-driven request-for-quote protocols
img

Mushtaq Kapasi

Chief Representative, Asia Pacific
International Capital Market Association (ICMA)

img

Shiva Iyer

Senior Global Trader
Eaton Vance Management

img

Eric Busay

Founder
SROL Consulting

img

Michael Paulus

MD
OpenDoor Securities

Chair: Gareth Nicholson, Head Fixed Income, Bank of Singapore
With the tide of QEs turning for the first time, investors are pessimistic about the ability and desire of central bankers ever to return their balance sheets to “normal”. They will have to adjust to a new reality fairly soon. Hear from our panel of expert speakers on how the withdrawal of QE will have an impact on the Asian fixed income markets and how will it affect inflation:
 
-          Tide of QEs is turning for the first time – What impact will the withdrawal of QE have on the Asian fixed income markets and how will it affect inflation?
-          How will this lead to a net withdrawal of liquidity from the world?
-          QE through the lens - How has this played out and why has it not had the desired effects?
-          What impact will the end of the ECBs bond buying programme have on liquidity and how can you ensure you have sufficient liquidity in times of stress?
-          Preparing your investment portfolio for a new era - How the end of QE impact interest rates and where should you position yourself on the yield curve?
img

Gareth Nicholson

Head Fixed Income Portfolio Management
Bank of Singapore

img

Alexandre Bouchardy

Managing Director, Head of Fixed Income Asia and AM Singapore
Credit Suisse Asset Management

img

Brad Gibson

Head of Portfolio Management - Fixed Income
AB Global

img

Binay Chandgothia

Managing Director - Portfolio Manager, Principal Portfolio Strategies
Principal Global Investors

img

Shantanu Shukla

VP, Global Markets
State Bank of India

img

Olivier Spoor

Portfolio Manager
Oclaner Asset Management

The deteriorating ability of money managers to beat their indices has led to investors accelerate a shift towards passive strategies such as exchange traded funds, adding to the pressure on actively managed funds to justify their fees .In this panel, our speakers will explore:
-          Has passive investments won the race for assets and returns?
-          Why have active managers predominantly underperformed in the past and what are the indicators that this trend is set to reverse?
-          Are current market conditions providing a fertile backdrop for active managers to demonstrate their true value or do passive managers still offer the best source of returns?
-          Is the period of outperformance of passive funds vs. active funds set to be reversed with more opportunities arising for active managers around rising rates?
-          With increased market volatility, do passive managers present too much risk should they react to the same event?
img

Pankaj Nagrath

Chief Business Advisor & Investment Counselor, GSAM
Bank of Singapore

img

Alexandre Bouchardy

Managing Director, Head of Fixed Income Asia and AM Singapore
Credit Suisse Asset Management

img

Shiva Iyer

Senior Global Trader
Eaton Vance Management

img

Sanjay Guglani

CIO
Silverdale Funds

img

Gareth Nicholson

Head Fixed Income Portfolio Management
Bank of Singapore

img

Brayan Lai

Research Consultant
Bondcritic

Maximum 15 buy side delegates-sign up only

TRACK C | Creative Boardroom Invite Only Buy Side Think Tank and Women in Fixed Income

4:30 pm - 5:10 pm Exclusive Invite Only Buy Side Think Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward?
Alexander Bouzalis - Executive Director Morgan Stanley Investment Management
Hosted By: Alexander Bouzalis, Executive Director, Morgan Stanley Investment Management

Open to 15 Heads of Fixed Income Trading or Portfolio Management – Pre-registration is required for this session

Join this interactive session, air your own hot topics and together, with our professional independent moderator, brainstorm ways forward in conjunction and collaboration with your peers.
- What are the main causes of poor liquidity across fixed income markets and how can they be addressed?
- Liquidity conditions- How has access to liquidity changed, and how are solution providers adapting to address this?
- Adapting to the new norm - Where does liquidity lie now and what tools and strategies do you need to source it?
- Will liquidity ever return to the conditions of pre-2008 or is the current environment here to stay?
- Debate- Would a cultural shift on the buy side of sharing data significantly improve transparency and liquidity conditions in fixed income, and if so is this possible?
- Plugging the liquidity gap & fragmentation of liquidity in fixed income
- How to find new ways to source liquidity through the use of new e-Trading platforms
- Invest in technologies that connect the front office to their risk management
img

Alexander Bouzalis

Executive Director
Morgan Stanley Investment Management

TRACK C | Creative Boardroom Invite Only Buy Side Think Tank and Women in Fixed Income

5:10 pm - 5:50 pm Creative Boardroom - Women in Fixed Income: How can the industry better attract, develop and retain top female talent?
Dianna Enlund - Senior Product Specialist Investment Allianz Global Investors
You’ll have 40 minutes in an intimate setting to discuss the challenges women in fixed income face and celebrate their successes. Participation provides you with access to a growing network of peers you can connect with throughout the year.
img

Dianna Enlund

Senior Product Specialist Investment
Allianz Global Investors

5:20 pm - 5:50 pm Presentation: Corporate actions: How can financial institutions adopt the industry’s best practices as standard?

Alan Jones - Global Head Corporate Actions SmartStream RDU
Corporate actions processing is a highly complex activity, characterised by frequently changing event details, varying standards and interpretations, multiple intermediaries and the pressure of deadlines. The increasing volume and complexity of events applies further pressure, especially where firms are still reliant on cumbersome manual processes and ageing legacy systems.

Alan Jones

Global Head Corporate Actions
SmartStream RDU

5:50 pm - 6:50 pm Fixed Income Leaders Summit Cocktail Drinks Reception