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 - 8:40 am Conference Registration & Networking Breakfast

8:40 am - 8:50 am Welcome Address

8:50 am - 9:00 am Chairperson’s Opening Remarks

Brett Elvish, CEO and Founder,Financial Viewpoint
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Brett Elvish

CEO and Founder
Financial Viewpoint

The Global Outlook

9:00 am - 9:20 am Buy Side Global Head of Trading Keynote Interview: What are the transferrable lessons from US and Europe on the future of fixed income and how can you best position your desk to thrive in this new market order?

Brett Elvish, CEO and Founder,Financial Viewpoint Brigitte Posch, Managing Director, Global Head of Emerging Markets Corporates,Barings Eric Busay, Senior Investment Officer,Mountain Pacific Group
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.
Brigitte Posch will be sharing her immense knowledge and experience in the emerging markets fixed income, working for organisations like PIMCO and Deutsche Bank for the last 20 over years. And 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?
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Brett Elvish

CEO and Founder
Financial Viewpoint

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Brigitte Posch

Managing Director, Global Head of Emerging Markets Corporates
Barings

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Eric Busay

Senior Investment Officer
Mountain Pacific Group

9:20 am - 9:40 am Economic Sell Side Keynote: In light of rising global geopolitical risks, what will be the key macro indicators shaping the fixed income market in 2019 and how should you adapt your business?

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  how you can best respond to these external drivers:
 
-          Where are we in the business cycle and how does fixed income fit into that?
-          Valuations are stretched, credit rates are too tight and interest rates are too low – Are we in 2006 or 2008?
-          What themes will dominate the Asian fixed income agenda over the next 12 months and how can you steer your desk through these new changes?
-          The impact of the US dollar on emerging markets - How can you position yourself in view of the increase in interest rates?
-          The flattening yield curve - Will the search for yield enable a wider range of projects to access longer term funding from the debt markets?
-          Central Bank Policy outlook - Where is the capital flow going to be in 2018? Will there be a tightening of rates and what would be the impact on inflation concerns with the changes in oil prices?
-          The infrastructure for India's bond market - how is it developing and what are the structural reforms that have happened in terms of regulations and guidelines?
-          The continuation of bond connect - Do we see the global role of Chinese markets expanding in the next one to two years?
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Mark Goodman

Managing Director, Global Head of Electronic Execution
UBS Investment Bank

9:40 am - 10:00 am Buy Side Heads of Fixed Income 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 Ashley Perrott, Head of Pan Asia Fixed income,UBS Asset Management Bryan Collins, Head of Asian Fixed Income,Fidelity International
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?
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Brett Elvish

CEO and Founder
Financial Viewpoint

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Ashley Perrott

Head of Pan Asia Fixed income
UBS Asset Management

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Bryan Collins

Head of Asian Fixed Income
Fidelity International

10:00 am - 10:30 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, Stock Connect - Which will be the main access channel for you?
-          Addressing the operational requirements for being able to invest onshore -What is the best platform to trade on at this point in time and must-have technology needs?
-          Implications for lending in Greater China – With the Chinese firms tightening their grip, how can you look beyond the onshore bond market for other sources of lending?
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Parijat Banerjee

Management Consultant, Wholesale and Institutional Financial Services
Greenwich Associates

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Eric Liu

Portfolio Manager
BlackRock

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Manu George

Senior Investment Director, Fixed Income
Schroders Investment Management

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Mo Ji

Chief Economist, Asia, ex-Japan
Amundi Asset Management

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Ricco Zhang

Director, Asia Pacific
International Capital Market Association (ICMA)

10:50 am - 11:30 am 360° Perspective: How can China attract more long term investors that want to make a commitment vs short-term investors that want to dip their toe in the market to gain exposure

Ricco Zhang, Director, Asia Pacific,International Capital Market Association (ICMA) Brad Gibson, Head of Portfolio Management - Fixed Income,AB Global William Goh, Senior Fixed Income Trader,Lion Global Investors Victoria Mio, CIO China,Robeco Hong Kong
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 effecting 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?
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Ricco Zhang

Director, Asia Pacific
International Capital Market Association (ICMA)

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Brad Gibson

Head of Portfolio Management - Fixed Income
AB Global

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William Goh

Senior Fixed Income Trader
Lion Global Investors

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Victoria Mio

CIO China
Robeco Hong Kong

11:30 am - 12:00 pm Morning Refreshment Break

Inspiration From The Sell Side

12:00 pm - 12:30 pm Sell Side Heads of Trading Fireside Chat: With a greater emphasis on real-time market, liquidity and counter party risk assessment, how can you leverage the strategies and technologies used by the sell side?

Sam Ahmed, Managing Director and Head of Asia Pacific,Deriv Asia
Gain inspiration from the sell side on how you can fast track your approach to real time risk assessment to cope with the increasing need to better manage market liquidity and counter party risk. Hear from leading heads of fixed income trading from the world’s top banks who are optimising their capital in a less liquid, more regulated and lower return world to better support you, the buy side:
-          Providing liquidity in the electronic execution world – How does the sell side see this new market structure and what are their challenges?
-          How are the global tier 1 sell side optimizing their capital in a less liquid, more regulated and lower return world to better support the buy side?
-          How are sell side business models evolving and how can the bulge bracket differentiate themselves to offer the buy side a tailored service?
-          What types of e-trading technology can the sell side use to maximize the efficiency of their dealing activity and pass on cost savings to the buy side?
-          In light of the move from a principal model of trading to an agency broking-centric trading model, which players are leading the way in offering the buy side innovative solutions?
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Sam Ahmed

Managing Director and Head of Asia Pacific
Deriv Asia

Overcoming Fragmentation

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?
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Parijat Banerjee

Management Consultant, Wholesale and Institutional Financial Services
Greenwich Associates

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Kheng Siang Ng

Asia Pacific Head of Fixed Income
State Street Global Advisors

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Leonard Kwan

CFA, Senior Fixed Income Trader
T Rowe Price

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Philipp Sterner

Head of Sales, Asia
MarketAxess

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Kem Husain

Head of APAC Sales
AxeTrading

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Jesper Bruun-Olsen

Head of Asia Pacific
Algomi

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Bryan Collins

Head of Asian Fixed Income
Fidelity International

Big Idea Guest Speaker

1:00 pm - 1:30 pm Big Idea Guest Speaker: Digital Transformation Is Something I Just Don't Think Is Doable

Nick Ayton, Founder of Chainstarter, Author, Blockchain Writer,
Nick Ayton is not only a Blockchain Architect, Ethereum Believer and ICO Advisor, but also a filmmaker, who is creating a new film project that is revolutionising the way films are produced and financed. Having worked in technology for 35 years, Nick has 9 Fintech starts ups behind him and is named Fintech Top 100 Influencer for 2017 and ranked number 21 on The Rise In Blockchain Top 100. Nick will share about his controversial views on digital transformation and why he isn't convinced it's something firms can achieve.
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Nick Ayton

Founder of Chainstarter, Author, Blockchain Writer

1:30 pm - 2:00 pm Lunch and Networking Break


TRACK A | Trading: Addressing Post MIFID II Implementation Challenges

2:30 pm - 3:05 pm 360° Perspective: Getting to grips with best execution– How to use quantitative and qualitative metrics to effectively demonstrate this?
Pierre-Emmanuel Charlier, Head of Fixed Income Trading, Asia,Pictet Asset Management Brigitte Posch, Managing Director, Global Head of Emerging Markets Corporates,Barings
With MiFID II in full force now, best execution requirements are extended, requiring firms to disclose their top five execution venues used for each class of financial instrument and publication data. So how have Asian investors responded to MiFID II requirements and what have been the challenges so far? Hear the trader’s perspective on what best execution is in this new format:
 
-          How has Asian investors responded to MiFID II requirements and what are the challenges so far?
-          The lack of data and reference points in fixed income – What are the main hurdles for achieving best execution in fixed income?
-          Addressing the conflict between voice and electronic trading- How can you set up your internal teams to maximize the benefits of both forms of trading? 
-          Trader’s perspective - What is best execution in the new format and how will the new best executions requirements impact how you trade?
-          How can you carefully assess and review your traditional broker relationships in this changing trading environment?
-          What technology skillsets are now essential for you to meet your best execution requirements?
-          Broader than ‘best price’- What other parameters should you measure your best execution standards against other than pricing?
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Pierre-Emmanuel Charlier

Head of Fixed Income Trading, Asia
Pictet Asset Management

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Brigitte Posch

Managing Director, Global Head of Emerging Markets Corporates
Barings

TRACK A | Trading: Addressing Post MIFID II Implementation Challenges

3:05 pm - 3:35 pm Interview: Preparing for trade reporting changes - How to identify the SI status of your counterparties and report trades to an APS in a timely manner?
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?

TRACK A | Trading: Addressing Post MIFID II Implementation Challenges

3:35 pm - 4:00 pm Interview: Practicalities of unbundling - Evaluating the best options for sourcing quality research at the optimum price
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 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?
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Shantanu Shukla

VP, Global Markets
State Bank of India

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Brayan Lai

Research Consultant
Bondcritic

TRACK B | Portfolio Management: Capitalising On Fixed Income ETFs

2:30 pm - 3:05 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
Salman Ahmed, Chief Investment Strategist & Portfolio Manager,Lombard Odier Investment Managers Simon McGhee, Head of ETF Advisory,Bluefin Europe Sean Cunningham, Head of iShares Fixed Income and Capital Markets, Asia Pacific,BlackRock 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?
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Salman Ahmed

Chief Investment Strategist & Portfolio Manager
Lombard Odier Investment Managers

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Simon McGhee

Head of ETF Advisory
Bluefin Europe

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Sean Cunningham

Head of iShares Fixed Income and Capital Markets, Asia Pacific
BlackRock

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Viktor Östebo

Head of Institutional ETF Trading
Flow Traders

TRACK B | Portfolio Management: Capitalising On Fixed Income ETFs

3:05 pm - 3:35 pm 360° Perspective: Assessing the various fixed income ETF options – What are the pros and cons of each for meeting your short term vs 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 Wesley Chen, Quantitative Portfolio Manager,Allianz 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?
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Phil Cichlar

Head of Fixed Income Sales and Trading
Jane Street

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Pankaj Nagrath

Chief Business Advisor & Investment Counselor, GSAM
Bank of Singapore

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Binay Chandgothia

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

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Wesley Chen

Quantitative Portfolio Manager
Allianz Global Investors

TRACK B | Portfolio Management: Capitalising On Fixed Income ETFs

3:35 pm - 4:00 pm 360° Perspective: Unlocking the dual role of bond indices – How can you gain greater visibility to a historically opaque and illiquid asset class?
Shashwat Nanda, VP and Portfolio Manager,Trust Investments Callum Henderson, Managing Director, Global Markets, Asia Pacific,Eurasia Group Alex Zeeh, CEO,S.E.A Asset Management Wing Chung Pak, Head of Indices,ICE Data Service, APAC
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 afixed-income index?
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Shashwat Nanda

VP and Portfolio Manager
Trust Investments

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Callum Henderson

Managing Director, Global Markets, Asia Pacific
Eurasia Group

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Alex Zeeh

CEO
S.E.A Asset Management

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Wing Chung Pak

Head of Indices
ICE Data Service, APAC

TRACK C | Workshops: Enhancing Alpha Through Advanced TCA

2:30 pm - 3:15 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
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?

TRACK C | Workshops: Enhancing Alpha Through Advanced TCA

3:15 pm - 4:00 pm Synergy Workshop: Making real time TCA a reality - How to access live pre and post trade information as and when you need it for different scenarios to decide on the most cost effective option
In an environment of dynamic algorithms, fragmentation, dark pools and SORs, it is no longer possible for you to meet the challenges of analysing real time order performance using traditional TCA methods. So how can you effectively analyse real time order performance? – Come to this in-depth interactive workshop where you will learn:
 
-          In an environment of dynamic algorithms, fragmentation, dark pools and SORs, how can you effectively analyse real time order performance?
-          How can brokers democratise the access to intraday execution information to differentiate themselves from the competition?
-          How can real time TCA guide you to adjust their actions on the next order or how to set algo parameter values during trading on quickly changing market conditions?
-          How can real-time TCA provide you  with timely information on costs, quality and potential market impact at the portfolio and order level to help you make the right decisions at all times?
Complex Event Processing (CEP) platforms  to analysing real time streaming data -  what are some of the important points you should be thinking about when you are considering CEP technology?

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

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Mushtaq Kapasi

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

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Rachana Mehta

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

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Shiva Iyer

Senior Global Trader
Eaton Vance Management

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Eric Busay

Senior Investment Officer
Mountain Pacific Group

TRACK A | Trading: Solving The Liquidity Crisis

5:10 pm - 6:00 pm Oxford Style Debate: The buy side will have a significant role to play as liquidity providers and price makers – For & Against
Parijat Banerjee, Management Consultant, Wholesale and Institutional Financial Services,Greenwich Associates Daniel Lau, Portfolio Manager,PIMCO Judy Leong, Co-Head Regional Fixed Income,Maybank Asset Management Singapore
Fully engage with the most contentious and divisive issues currently facing your industry. Sit back and witness industry leading figures pitting themselves against each other in a battle to deliver the knockout argument. Will you reconsider your position? And will you walk away with a fresh mind-set and better prepared to take on this key conundrum?
 
-          In light of liquidity constraints, will the buy side play a more active role as price- makers on electronic trading platforms?
-          With sell-side firms reducing their market-making capacity and inventories of bonds, will the buy side behave like non-bank liquidity providers?
-          With the push for best execution and the non-availability of the sell sideintermediation, will the buy side take a more proactive pricing approach to become more efficient for their investors?
-          Will an increasingly transparent market under MiFID II lead to an information asymmetry and mean the buy side will be better equipped to make prices than the sell side?
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Parijat Banerjee

Management Consultant, Wholesale and Institutional Financial Services
Greenwich Associates

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Daniel Lau

Portfolio Manager
PIMCO

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Judy Leong

Co-Head Regional Fixed Income
Maybank Asset Management 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?
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Gareth Nicholson

Head Fixed Income Portfolio Management
Bank of Singapore

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Alexandre Bouchardy

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

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Brad Gibson

Head of Portfolio Management - Fixed Income
AB Global

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Binay Chandgothia

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

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Shantanu Shukla

VP, Global Markets
State Bank of India

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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?
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Pankaj Nagrath

Chief Business Advisor & Investment Counselor, GSAM
Bank of Singapore

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Alexandre Bouchardy

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

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Shiva Iyer

Senior Global Trader
Eaton Vance Management

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Sanjay Guglani

CIO
Silverdale Funds

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Gareth Nicholson

Head Fixed Income Portfolio Management
Bank of Singapore

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Brayan Lai

Research Consultant
Bondcritic

TRACK C | Workshop Bridging Key O/EMS Gaps

4:30 pm - 5:15 pm Synergy Workshop: Is your OMS and EMS up to the job? How to leverage the latest developments in O/EMS to streamline your workflow
Buy-side firms have been demanding tighter integration between their order management and execution management systems for years. While some are looking to consolidate their trading platforms to drive down costs, others want a single platform to reduce the complexity of trading across multiple asset classes and geographies. Come to this workshop and exchange ideas with your peers on:
 
-          The continuing fragmentation of the fixed income market – How can you navigate the pools of liquidity through the use of an EMS system?
-          How have OMS and EMS providers increased functionality in response to the market pressures, and how can they best be exploited?
-          How can OMS and EMS providers deliver a flexible multi-asset low-touch solution, in a cost-efficient manner?
-          OMS as a service, the merging of OMS and EMS, or new functionalities: What does the future hold for OMS and what is their best chance of survival?
-          Flexibility in connectivity- What is now required from your current OMS and EMS system and how can the industry work together to create an improved service for the buy side?
-          Should asset managers keep their OMS and EMS as two separate best-of-breed systems, or should they switch to a single unified platform, the OEMS, to reduce the complexity of trading across multiple asset classes and geographies?

TRACK C | Workshop Bridging Key O/EMS Gaps

5:15 pm - 6:00 pm Exclusive Invite Only Buy Side Think-Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward?
Open to 15 Heads of Fixed Income Trading or Portfolio Management – Pre-registration is required for this session

6:00 pm - 6:10 pm Chairperson’s Closing Remarks

Brett Elvish, CEO and Founder,Financial Viewpoint
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Brett Elvish

CEO and Founder
Financial Viewpoint

6:10 pm - 7:10 pm Fixed Income Leaders Summit APAC Cocktail Drinks Reception