The No.1 Meeting Place for Buy Side Heads of Fixed Income ... · The No.1 Meeting Place for Buy Side Heads of Fixed Income Trading & Portfolio Management 18th September: Platform

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The No.1 Meeting Place for Buy Side Heads of Fixed Income Trading & Portfolio

Management

18th September: Platform Evaluation Day

19th & 20th September: Main Conference Sheraton Towers, Singapore

Advisory Board: Brett Elvish, Director, Financial Viewpoint Callum Henderson, Managing Director, Global Markets, Asia Pacific, Eurasia Group Kheng Siang Ng, Asia Pacific Head of Fixed Income, State Street Global Advisors

Buy Side Trading and Execution Expert Speakers: Patrick Leung, Head of Fixed Income Trading APAC, BlackRock NEW Ashley Perrot, Head of Asia Fixed income, UBS Asset Management Brigitte Posch, Managing Director, Global Head of Corporate Bonds Emerging Markets, Barings NEW Alexandre Bouchardy, MD &, Head of Fixed Income Asia and AM Singapore, Credit Suisse Asset Management NEW Ng Kheng Siang, Asia Pacific Head of Fixed Income, State Street Global Advisors Martin Goerojo, Head of Structured Products and Fixed Income, Asia and EMEA, Citibank Wealth Management (Pending Confirmation) Ho Shui Wei, MD, Head of Money Market, Fixed Income & Foreign Exchange, Bank of Singapore Bryan Collins, Head of Asian Fixed Income, Fidelity International NEW Leonard Kwan, Senior Fixed Income Trader, T Rowe Price Yezdi Chinoy, Regional CIO, Generali Asia Nic Yiu, Senior Trader , Allianz Global Investors Shiva Iyer, Senior Global Trader, Eaton Vance Management NEW Jacqueline Loh, Head Of Trading, AIA Investment Management NEW Judy Leong, Co-Head Regional Fixed Income, Maybank Asset Management Singapore NEW Michael Chang, Chief Investment Officer, Fixed Income, RHB Asset Management Victoria Mio, CIO China, Robeco Hong Kong NEW William Goh, Senior Fixed Income Trader, Lion Global Investors Pierre-Emmanuel Charlier, Head of Fixed Income Trading, Asia, Pictet Asset Management Sylvain Baude, Executive Director, Chief Investment Officer, Oclaner Asset Management NEW Isa Eamon Keaveny, Director, Efsol Asset Management Sanjay Guglani, CEO, Silverdale Funds Arun Singhal, Head of Fixed Income, Edelweiss Vivek Sharma, Head - SEA and Middle East, Global Asset Management, Edelweiss Rajat Bhatia, Fouder and CEO, Neural Capital Shantanu Shukla, VP, Global Markets, State Bank of India Arvind Chari, Head - Fixed Income & Alternatives, Quantum NEW

Regulatory Bodies and Association Speakers: Vijay Chander, Executive Director – Fixed Income, Asia Securities Industry & Financial Markets Association, AISFMA David McClean, Senior Technical Advisor, FICC Markets Standards Board NEW Craig Beevers, Senior Technical Advisor, FICC Markets Standards Board NEW Mark Gheerbrant, Head of Risk and Capital, International Swaps and Derivatives Association, ISDA NEW Erryan Abdul Samad, Assistant General Counsel, International Swaps and Derivatives Association, ISDA NEW Jing Gu, Senior Counsel, International Swaps and Derivatives Association, ISDA NEW Jason Valoti, Partner, Simmons & Simmons NEW John Groesbeek, Acting Deputy Treasurer, International Finance Corporation NEW Mushtaq Kapasi, Chief Representative, Asia Pacific, International Capital Market Association (ICMA) Ricco Zhang, Director, Asia Pacific, International Capital Market Association (ICMA) NEW Parijat Banerjee, Management Consultant, Wholesale and Institutional Financial Services, Greenwich Associates

Big Idea Guest Speakers: Nick Ayton, Founder of Chainstarter, Author, Blockchain Writer NEW

Toby Hoenisch, Co-founder & CEO, TenX NEW

Buy Side Strategy and Portfolio Management Expert Speakers: Eric Busay, Senior Investment Officer, Mountain Pacific Group Former Portfolio Manager, CalPERS NEW Brad Gibson, Head of Portfolio Management - Fixed Income, AB Global NEW Omotunde Lawal, Head of Emerging Market Corporate Debt research, Barings NEW Manu George, Senior Investment Director, Fixed Income, Schroders Investment Management NEW Daniel Lau, Portfolio Manager, PIMCO NEW Eric Liu, Portfolio Manager, BlackRock NEW Binay Chandgothia, Managing Director - Portfolio Manager, Principal Portfolio Strategies, Principal Global Investors NEW Mo Ji, Chief Economist, Asia ex-Japan, Amundi Asset Management

Dianna Enlund, Senior Product Specialist Investment, Allianz Global Investors NEW Salman Ahmed, Chief Investment Strategist & Portfolio Manager, Lombard Odier Investment Managers NEW Tanya Sanwal, Investment Director, Wellington Management Pankaj Nagrath, Chief Business Advisor & Investment Counselor, GSAM, Bank of Singapore NEW Gareth Nicholson, Head Fixed Income Portfolio Management, Bank of Singapore NEW Dhiraj Bajaj, Senior Portfolio Manager, Lombard Odier NEW Alex Zeeh, CEO, S.E.A Asset Management Rachana Mehta, Co-Head Regional Investments - Fixed Income, Maybank Asset Management Singapore NEW Shamit Chokshi, Head - Offshore Fund Investments, ICICI Prudential Asset Management Company NEW Wesley Chen, Quantitative Portfolio Manager, Multi-Asset Derivatives, Allianz Global Investors Olivier Spoor, Portfolio Manager, Oclaner Asset Management NEW Shashwat Nanda, VP and Portfolio Manager, Trust Investments Tariq Dennison, Investment Adviser, Portfolio Manager, ETF Expert, GFM Asset Management Yee Tuck Meng, Partner, JRT Partners NEW

Sell Side and Technology Expert Speakers: Kem Husain, Head of APAC Sales, AxeTrading Jesper Bruun Olsen, Head of Asia Pacific, Algomi Sean Cunningham, Head of iShares Fixed Income and Capital Markets, Asia Pacific, BlackRock iShares Mark Goodman, Managing Director, Global Head of Electronic Execution (FX, Rates, Credit, Futures), UBS Investment Bank Richard Schiffman, Head of Open Trading, MarketAxess Philipp Sterner, Head of Sales, Asia, MarketAxess Simon McGhee, Director - Head of ETF Business Development, Bluefin Phil Cichlar, Head of Fixed Income ETF Sales & Trading, New York, Jane Street Pak Wing Chung, Head of Indices, ICE Data Service, APAC Viktor Östebo, Head of Institutional ETF Trading, Flow Traders

Industry Expert Speakers: Brett Elvish, Director, Financial Viewpoint Callum Henderson, Managing Director, Global Markets, Asia Pacific, Eurasia Group Sam Ahmed, Managing Director and Head of Asia Pacific, DerivAsia NEW Brayan Lai, Research Consultant, Bondcritic NEW

FINTECH Speakers: E K Ong, Founder/CEO, Bondlinc NEW Steve Toland, Founder, TransFICC NEW Avtar Sehra, CEO and Chief Product Architect, Nivaura Sonia Palmieri, Head of Business Development, SmartKarma

Establish Who Can Best Help You Meet Your Liquidity Needs *Maximise Liquidity*Minimise Costs*Improve Trading Capabilities

Buy Side Only Platform Evaluation Day Tuesday, September 18th 2018, Sheraton Towers,

Singapore

The landscape of fixed income trading is changing. Capital constraints and reduced dealer balance sheets are restricting the sell

side’s ability to provide liquidity. On top of this, technology innovation has opened up the door to a number of new entrants to

help fill this void. The boom in new e-Trading platforms is now in full swing, giving you on the buy side the task of navigating this

pool of new initiatives to establish who is best placed to meet your liquidity needs.

This highly interactive day has been specifically created to give you an unbeatable, time-saving opportunity to meet and

compare the leading new fixed income platforms in one afternoon of networking alongside your buy side peers. During this

afternoon session you will have the chance to establish:

WHO is best suited to help you unlock pools of liquidity? WHO is best suited to your investment and trading strategies?

WHO can help you reduce trading costs? WHO can help you identify the best opportunities to trade?

WHO has the best trading protocols to suit your liquidity needs?

Key benefits of attending:

Walkaway with a clear idea of the best platforms available to source liquidity

Gain a complete picture of how these key platform providers differentiate themselves to decide on the best partner for your business

Hear exclusively from other buy side leaders on their wish-list for partnering with new platforms and collaboratively tackle common practical challenges

Network with and walkaway with the most valuable contacts as we bring you the most sought after platforms

Gain access to all this crucial content and networking in one afternoon to save you time as you kick start your platform selection process

Don’t miss this unique opportunity to gain the know-how and make the connections you need to meet your trading needs

How the day will run:

To set the tone and get you thinking, we have created a buy side only panel of leading experts to give you a sense of what they make of the current platform landscape and short list key areas you should be testing and looking out for when evaluating the platforms. Each of the leading platforms will then give a 5 minute presentation on the benefits of their offering and why you should be working with them.

Following this, you will be split into groups consisting of 8-10 buy side, to join the different roundtable discussions which will each be led by the unique platform providers. You will then have the chance to pose questions, voice concerns, and discuss your views with your buy side peers.

Before the day closes, be our guest at the cocktail reception to continue networking and unwind with your buy side peers over drinks.

This topical pre-conference interactive day starts over breakfast, giving you the chance to grab a bite and work the room, mixing with buy side leaders and leading platform providers.

Buy Side Only Platform Evaluation Day Tuesday, September 18th 2018

10:30 Registration and Breakfast

11:10 Welcome Address:

11:20 Chairperson’s Opening Remarks: Brett Elvish, Director, Financial Viewpoint

The Buy Side Wish-List 11:30 Buy Side Perspective: Prepare your check-list- What questions should you be asking to fully recognise the pros and

cons of each initiative? Listen to our panel of experts from Pictet AM and Neural Capital, who will help you prepare your questions to ensure you fully recognise the pros and cons of each platforms that you are partnering with.

- The platform paradigm- How can you establish which initiative you should be supporting and why? - When evaluating platforms, what are the key areas you should be testing and looking out for? - What different platform models can help you prosper in a new electronic environment? - How can you establish what platform is best suited to fit into your current workflow?

Moderator: Speakers: Pierre-Emmanuel Charlier, Head of Fixed Income Trading, Asia, Pictet Asset Management Leonard Kwan, Senior Fixed Income Trader, T Rowe Price Rajat Bhatia, Fouder and CEO, Neural Capital

Intro To The New Initiatives 12:00 Platform Perspective: A 5 minute introduction to each initiative involved today- What is their USP and what benefits

do they bring to you the buy side? Listen to a 5 minute innovation pitch from each platform to fully understand: Trading protocol or innovation promoted Unique selling point Buy side adoption rates Kem Husain, Head of APAC Sales, AxeTrading

Jesper Bruun Olsen, Head of Asia Pacific, Algomi Sean Cunningham, Head of iShares Fixed Income and Capital Markets, Asia Pacific, BlackRock Richard Schiffman, Head of Open Trading, MarketAxess Liana Seah, Head of APAC Fixed Income E-Sales, UBS TBC, BGC Partners TBC, Yieldbroker

13:00 Networking Lunch

Evaluation Roundtables 14:00 Buy side Q&A Roundtables : Evaluate 1-5 of the newest platform offerings with your buy side peers to understand

who is best placed to meet your liquidity needs Break into groups of 8 buy side and sit with each platform on roundtables to engage in an open Q&A discussion with your peers (Each roundtable lasts 15 minutes).

- What are the key differences between the new initiatives and how can they help you overcome the liquidity drought? - How can the initiatives help you source new liquidity pools in constrained markets? - Where are the new platforms up to in their on-boarding life cycle and how successful has the process been? - What different e-Trading protocols are available to the buy side and what benefits do they bring?

15:15 Refreshment Break

15:45 Buy side Q&A Roundtables : Evaluate 5-10 of the newest platform offerings with your buy side peers to understand who is best placed to meet your liquidity needs Break into groups of 8 buy side and sit with each platform on roundtables to engage in an open Q&A discussion with your peers (Each roundtable lasts 15 minutes).

- What are the key differences between the new initiatives and how can they help you overcome the liquidity drought? - How can the initiatives help you source new liquidity pools in constrained markets? - Where are the new platforms up to in their on-boarding life cycle and how successful has the process been? - What different e-Trading protocols are available to the buy side and what benefits do they bring?

17:00 Platform Evaluation Day Drinks Reception: Available To Platform Evaluation Day Attendees Only

Unlock The Full Potential Of Your Trading & Investment Division Fixed Income Leaders Summit Day 1

Wednesday 19th September 2018 8:00 Conference Registration & Networking Breakfast

8:40 Welcome Address:

8:50 Chairperson’s Opening Remarks: Brett Elvish, Director, Financial Viewpoint

The Global Outlook 9:00 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? 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?

Moderator: Brett Elvish, Director, Financial Viewpoint Speaker: Brigitte Posch, Managing Director, Global Head of Corporate Bonds Emerging Markets, Barings Eric Busay, Senior Investment Officer, Mountain Pacific Group, Former Portfolio Manager, CalPERS

9:20 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? 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?

Speaker: Mark Goodman, Managing Director, Global Head of Electronic Execution (Rates, Credit, Futures & FX), UBS Investment Bank

9.40 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? 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?

Moderator: Brett Elvish, Director, Financial Viewpoint Speakers: Omotunde Lawal, Head of Emerging Market Corporate Debt research, Barings

Ashley Perrot, Head of Asia Fixed income, UBS Asset Management Bryan Collins, Head of Asian Fixed Income, Fidelity International

10:00 Morning Refreshment Break

Spotlight On China 10:30 Buy Side Keynote Panel: With the opening of China’s $9tn bond market, what are the best channels for accessing its

onshore and offshore high yield investment opportunities? 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?

Moderator: Parijat Banerjee, Management Consultant, Wholesale and Institutional Financial Services, Greenwich Associates Speaker: Eric Liu, Portfolio Manager, BlackRock Manu George, Senior Investment Director, Fixed Income, Schroders Investment Management Mo Ji, Chief Economist, Asia ex-Japan, Amundi Asset Management Ricco Zhang, Director, Asia Pacific, International Capital Market Association (ICMA)

10.50 360° 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 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? Moderator: Ricco Zhang, Director, Asia Pacific, International Capital Market Association (ICMA)

Speakers:

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

11:30 Morning Refreshment Break

Inspiration From The Sell Side 12:00 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? 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 wor ld’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?

Moderator: Sam Ahmed, Managing Director and Head of Asia Pacific, DerivAsia

Speakers:

Speakers to be announced

Overcoming Fragmentation

12.30 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?

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?

Moderator: Parijat Banerjee, Management Consultant, Wholesale and Institutional Financial Services, Greenwich Associates

Speakers: Kheng Siang Ng, Asia Pacific Head of Fixed Income, State Street Global Advisors Bryan Collins, Head of Asian Fixed Income, Fidelity International Leonard Kwan, Senior Fixed Income Trader, T Rowe Price Philipp Sterner, Head of Asia, MarketAxess Kem Husain, Head of APAC, AxeTrading Jesper Bruun Olsen, Head of Asia Pacific, Algomi

Big Idea Guest Speaker

1.00 Big Idea Guest Speaker: Digital Transformation Is Something I Just Don't Think Is Doable 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. Nick Ayton, Founder, Chainstarter

1:30 Lunch and Networking Break

Track A: Track B: Track C:

Trading Addressing Post MIFID II

Implementation Challenges

Track chaired by Brett Elvish, Director, Financial Viewpoint

Portfolio Management Capitalising On Fixed Income

ETFs

Track chaired by Callum Henderson , Managing Director, Global

Markets, Asia Pacific, Eurasia Group

Workshops Enhancing Alpha Through

Advanced TCA Maximum 25 buy side delegates

2:30 360° Perspective: Getting to grips with best execution– How to use quantitative and qualitative metrics to effectively demonstrate this? 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

2:30 360° 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 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

2:30 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

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?

Moderator: Speakers: Pierre-Emmanuel Charlier, Head of Fixed Income Trading, Asia, Pictet Asset Management Brigitte Posch, Managing Director, Global Head of Emerging Markets Corporates, Barings

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?

Moderator: Speakers: Nic Yiu, Senior Trader , Allianz Global Investors Salman Ahmed, Chief Investment Strategist & Portfolio Manager, Lombard Odier Investment Managers Simon McGhee, Director - Head of ETF Business Development, Bluefin Viktor Östebo, Head of Institutional ETF Trading, Flow Traders Sean Cunningham, Head of iShares Fixed Income and Capital Markets, Asia Pacific, BlackRock iShares

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?

Moderator: Reserved for commercial partners

3:15 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?

3:05 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

3:05 360° 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 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

catalyst to ensure your data infrastructure is flexible and efficient?

Moderator: Speakers: Omotunde Lawal, Head of Emerging Market

Corporate Debt research, Barings

most informed decisions? - How can you overcome key barriers

to compete in this fast changing landscape?

Moderator: Phil Cichlar, Head of Fixed Income ETF

Sales & Trading, New York, Jane Street Speakers: Pankaj Nagrath, CFA, FRM, 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, Multi-Asset Derivatives, Allianz Global Investors

Speaker: Reserved for commercial partners

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

Speaker: Shantanu Shukla, VP, Global Markets, State Bank of India Brayan Lai, Research Consultant, Bondcritic

3:35 360° Perspective: Unlocking the

dual role of bond indices – How can you gain greater visibility to a historically opaque and illiquid asset class?

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?

Moderator: Shashwat Nanda, VP and Portfolio

Manager, Trust Investments

Speakers: Callum Henderson, Managing Director, Global Markets, Asia Pacific, Eurasia Group Alex Zeeh, CEO, S.E.A Asset Management Pak Wing Chung, Head of Indices, ICE Data Service, APAC

4.00 Afternoon Refreshment Break

Track A: Track B: Track C:

Trading Solving The Liquidity Crisis

Track chaired by

Brett Elvish, Director, Financial Viewpoint

Portfolio Management Exploiting New Investment

Trends Track chaired by

Callum Henderson , Managing Director, Global Markets, Asia Pacific, Eurasia Group

Workshop Bridging Key O/EMS Gaps Maximum 25 buy side delegates

4:30 Interview: How can All-to-all trading platforms offer the best answer to address the liquidity drought?

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?

Moderator: Mushtaq Kapasi, Chief Representative, Asia Pacific, International Capital Market Association (ICMA)

Speakers: Rachana Mehta, Head of Fixed Income and

Portfolio Manager, Maybank Asset Management

Shiva Iyer, Senior Global Trader, Eaton Vance Management Eric Busay, Senior Investment Officer, Mountain Pacific Group, Former Portfolio Manager, CalPERS

4:30 360° perspective: Adjusting to the end of Quantitative Easing (QE) - How can you best position your portfolio to respond to central bank tapering? 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?

Moderator: Gareth Nicholson, Head Fixed Income,

Bank of Singapore

Speakers: Alexandre Bouchardy, Managing Director, Head of Fixed Income Asia and AM Singapore, Credit Suisse Asset Management Brad Gibson, Head of Portfolio Management - Fixed Income, AB Global Binay Chandgothia, Managing Director - Portfolio Manager, Principal Portfolio Strategies, Principal Global Investors Shantanu Shukla, VP, Global Markets, State Bank of India Olivier Spoor, Portfolio Manager, Oclaner Asset Management

4:30 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?

Moderator: Reserved for commercial partners

5.10 Oxford Style Debate: The buy side will have a significant role to play as liquidity providers and price makers – For & Against

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

side intermediation, 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?

Moderator: Parijat Banerjee, Management

consultant, Wholesale and institutional financial services, Greenwich Associates Debater for the motion:

Daniel Lau, Portfolio Manager, PIMCO

Debater against the motion: Judy Leong, Co-Head Regional Fixed Income,

Maybank Asset Management

5.10 360° Perspective: Active VS Passive investment strategies – Which will best perform over the next 12 months?

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?

Moderator: Pankaj Nagrath, Chief Business

Advisor & Investment Counselor, GSAM, Bank of

Singapore

Speakers:

Alexandre Bouchardy, Managing Director, Head of

Fixed Income Asia and AM Singapore, Credit Suisse

Asset Management

Shiva Iyer, Senior Global Trader, Eaton Vance Management Sanjay Guglani, CEO, Silverdale Funds

Gareth Nicholson, Head Fixed Income, Bank of

Singapore

Brayan Lai, Research Consultant, Bondcritic

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

6:00 Chairperson’s Closing Remarks: Brett Elvish, Director, Financial Viewpoint

6:10 Fixed Income Leaders Summit APAC Cocktail Drinks Reception

Unlock The Full Potential Of Your Trading & Investment DivisionFixed Income Leaders Summit APAC Day 2

Thursday September 20th 2018

8:00 Registration and Breakfast

8:50 Chairperson’s Opening Remarks: Brett Elvish, Director, Financial Viewpoint

Think Big To Win Big 9:00 CIO Keynote Panel: What are the top 3 investment challenges and opportunities for 2018-2019 to look out for and

how can you best prepare for them? Will 2018 bring more stability, or more uncertainty? There are plenty of hurdles ahead: tighter monetary policy, political change, and technological disruption, not to mention huge environmental and social challenges. So how should investors react? In this panel, you will hear from our panel of expert Chief Investment Officers on how to best do asset allocation within the fixed income space to generate returns for your investors in an increasingly complex environment:

- How best to do asset allocation within the Fixed Income space to generate returns for your investors in an increasingly complex environment?

- How can you achieve an acceptable level of risk-adjusted bond returns in the current low yield environment?

- Expansion into alternatives and emerging markets - What is the investment case for emerging market bonds right now and how can you explore new avenues to bolster returns to remain competitive in the fixed income arena?

- The increased focus on using platforms to be able to run businesses – how can you successfully embed a comprehensive risk management system in your investment process?

- Diversification and risk reduction - How can you broaden your opportunity and actively select securities with an eye toward prudent risk management in order to adequately compensate risk?

- Managing duration and credit risks - How can you effectively manage the downside risks to ensure superior performance over time?

Moderator: Salman Ahmed, Chief Investment Strategist & Portfolio Manager, Lombard Odier Investment Management

Speakers: Yezdi Chinoy, Regional CIO, Generali Asia Michael Chang, CIO, Fixed Income, RHB Asset Management Sylvain Baude, Executive Director, Chief Investment Officer, Oclaner Asset Management Binay Chandgothia, Managing Director - Portfolio Manager, Principal Portfolio Strategies, Principal Global Investors Ho Shui Wei, MD, Head of Money Market, Fixed Income & Foreign Exchange, Bank of Singapore

9:30 In Conversation With Leading Hedge Funds: What are the top 5 themes that will dominate the fixed income landscape over the next 12 months and how can you best tap into the opportunities they bring? Bitcoin, MiFID II, and “1 or 30” were just a few of the most talked about hedge fund topics of 2017 and it was a year of industry growth, innovation, solid returns, as well as one of disruption. Investors looked to hedge funds for unconstrained active management and the hedge fund model continues to evolve. In this panel we have both the hedge funds and hedge fund investors who will share their insights on:

- How has the recent regulatory reforms and geo-political landscape shaped the hedge fund industry in Asia?

- Transcending asset classes: What is the new thinking towards allocators and implications for the hedge fund industry?

- What forces are shaping the Asian hedge fund industry today, and where do allocators see opportunity?

- Working smart: How is technology driving change in the hedge fund industry? - What are hedge fund investors looking for in the year ahead and what are the strategies in favour? - Treasury management – what are the latest trends and offerings in this segment and what are the potential options and

associated risks?

Moderator: Shashwat Nanda, VP and Portfolio Manager, Trust Investments Speakers:

Arun Singhal, Head of Fixed Income, Edelweiss Sanjay Guglani, CEO, Silverdale Funds Yee Tuck Meng, Partner, JRT Partners

9.50 Keynote Interview: Getting your tech stack in place – What is the ideal kit required to improve your execution performance? Increased regulatory pressure, the drive towards operational efficiencies and the requirement to deliver “best execution” are part of a matrix of forces leading buy-side firms to reassess both their data requirements and technology infrastructure and is forcing all industry participants to reassess the quality, efficiency and sustainability of their existing trading systems. Listen to our expert speakers from BlackRock and T Rowe Price who will shed light on the key steps to ensure that you have taken all the sufficient steps to comply with best execution requirements:

- The impact on your IT infrastructure from front-to-back – how can you ensure that you have taken all the sufficient steps to

comply with the best execution requirements technologically?

- The shift towards investment in technology infrastructure and risk management? – How can you expand your asset allocation through real time calculation and look at sophisticated ways of monitoring compliance and monitoring risk?

- Where is the investment in new technology going in order to now focus trading resources where they are truly needed?

- How can you have a sound integrated technology platform to compete effectively through the most informed decisions and investment solutions?

- How is MiFID II accelerating the disruption of traditional information flows in favor or technology, big data and AI research solutions?

Moderator: Brett Elvish, Director, Financial Viewpoint Speakers: Patrick Leung, Head of Fixed Income Trading APAC, BlackRock Leonard Kwan, Senior Fixed Income Trader, T Rowe Price Isa Eamon Keaveny, Director, Efsol Asset Management

Big Idea Guest Speaker

10.10 Special Guest Speaker: Why, despite an ever growing rule book does the same kind of bad behaviour and financial misconduct keep on occurring? David McClean has worked in the wholesale financial markets for over thirty years in London, New York and Tokyo. Having held senior trading roles in fixed income and treasury at various investment banks, including Nomura and UBS, he has provided expert opinion and consultancy services in several commercial disputes in the financial sector. In his presentation David will provide expert insights on the misbehaviour of financial markets with case studies demonstrating market abuses:

- The Conduct Void : Where standards fit into a regulatory framework - Writing Standards – Experiences 12 months on at the FMSB - Where the Gaps are: areas where market practitioners are seeking clarity on conduct

Speakers: David McClean, Senior Technical Advisor, FICC Markets Standards Board (UK)

10.30 Morning Refreshment Break

Establishing Winning Partnerships 11.00 In Conversation: How is the role of non-bank liquidity providers in the fixed income market evolving and how can you

ensure you get the most value from them? Tougher regulatory requirements around capital and leverage ratios continue to reduce the ability and appetite of banks to provide principal based market-making activities. Many banks are reducing their principal market making activity and taking on more of an agency role, which provides the opportunity for non-banks to play a larger part in the market. In this panel we have the leading non-bank liquidity providers who will address:

- How are non-bank liquidity providers playing a vital role in improving access to liquidity?

- What impact does working with non-traditional liquidity providers have on your traditional relationships and how can you maintain these?

- Non-traditional market makers- who are the alternative providers of liquidity in swaps and what does the emergence of these mean for the traditional market structure?

- How should you re-structure your desk on the back of increased electronification and the emergence of non-traditional liquidity providers?

- Expanding your list of counterparties- How can you be comfortable dealing with non-bank liquidity providers and how can you get this past your investment teams?

- Debate- with liquidity becoming de-centralised around a wider community of banks and NBLP, is this positive for the industry with more equality or does it lead to too much liquidity fragmentation?

Moderator: Eric Busay, Senior Investment Officer, Mountain Pacific Group, Former Portfolio Manager, CalPERS Speakers:

11:20 All Star Panel: What are the top 3 trends that will shape the fixed income market structure and how will they impact the way in which you interact with brokers, platforms and technology players? As the fixed income industry works to cope with new regulations, wades through an outpouring of new products, learns to satisfy investors’ shifting priorities and manages the active-passive debate, the viability of business units will be questioned, and at times radical measures will be taken. In this 40-minute session, you will hear from a panel of expert speakers who will cover:

- The cultural shift in fixed income trading - How are the roles of the buy and sell side changing and the lines of the traditional

structure becoming indistinct? - What is the right combination of brokers, platforms and technology you need to successfully navigate the market? - Who should you partner with to navigate your trading desk in a fragmented market structure? - How does technology and market structure go hand in hand and how will this continue to evolve over the next 5 years? - Unlocking the value of data – How can Asia evolve more rapidly in the next decade by focusing on reliable, high-quality pre-

trade or post-trade market data? - If there is wage tightening, what would happen to emerging market bonds? Will there be a capital outflow or inflow from

the countries?

- With the rising maturing population in Asia and the increased interest in fixed income investments, what’s the capacity for the fixed income industry?

Moderator: Parijat Banerjee, Management Consultant, Wholesale and Institutional Financial Services, Greenwich Associates Speakers: Bryan Collins, Head of Asian Fixed Income, Fidelity International

Ashley Perrot, Head of Pan Asia Fixed income, UBS Asset Management

Pankaj Nagrath, CFA, FRM, Chief Business Advisor & Investment Counselor, GSAM, Bank of Singapore William Goh, Senior Fixed Income Trader - Analyst, Lion Global Investors

Arun Singhal, Head of Fixed Income, Edelweiss

Philipp Sterner, Head of Sales, Asia, MarketAxess

Where Finance Meets Politics 11:50 Political Update: With disruptive political drivers such as North Korea, Trump and Brexit dominating the political

agenda, what does the future of financial markets look like going forward? Callum Henderson comes with more than 20 years of research management and emerging markets experience at Standard Chartered, Bank of America, Citibank and MMS International. His research focuses on political-economy strategy for investors and corporates and he has authored four books: “Asia Falling,” “China on the Brink,” “Asian Dawn,” and “Currency Strategy: The Practitioner’s Guide to Currency Investing, Hedging and Forecasting.” Hear from Callum on the influence of political dissatisfaction on global markets:

- The Trump bump – How has the new political regime impacted financial markets so far? - Donald Trump’s tax reform proposal – What does this mean for liquidity in the bond market across Asia given the amount of

US corporate capital that is parked in Asia? - The ongoing Brexit negotiations - What are the tail risks of Brexit that will affect your fixed income investments in the

medium to long term? - What can investors expect with respect to fed balance sheet drawdown and what are the implications for investors?

- What do you perceive are the imminent dark clouds and silver linings that will have a lasting effect on the Asian fixed income markets?

- What are risks and potential opportunity in volatility stemming from political and policy uncertainty? - How should you monitor political risk in 2018 and can do you integrate this into your investment decisions?

Speaker: Callum Henderson, Managing Director, Global Markets, Asia Pacific, Eurasia Group

12.10 In Conversation: Is MiFID III on the horizon? - Gain first hand clarity on what new reforms to expect by when and how to best prepare Jason Valoti is a recognised leading expert and practitioner in legal markets and acts for leading international investment banks in relation to regulatory matters, structured and OTC derivate transactions. He is also recognised in Chambers Asia Pacific 2017 as an “exceptional” practitioner with deep experience in acting for investment banks. With notable proficiency in equity, credit and fund-linked structures and having written several articles on MiFID II, this will be a fantastic opportunity for you to get up close with the upcoming reforms which will transform your global trading operations in the next 5 years:

- How are regulations expected to transform your global trading operations in the next 5 years? - Will the data generated by Mifid II’s stricter reporting requirements enable European law-makers to further tweak the

rules? - Regional adoptions of MiFID II – What are some of regulations that have come out of MiFID II that might be adopted across

the regions? - From challenge to opportunity- what market changes from the new regulation could bring welcome opportunities for the

buy side? - Predicting the unintended consequences- Will the implementation of MiFID II stifle liquidity and business growth and lead

to a more order driven market? - How will the market handle a more transparent environment and what impact will this have on trading behavior and risk

taking?

Moderator: Brett Elvish, Director, Financial Viewpoint Speakers: Jason Valoti, Partner, Simmons & Simmons

Big Idea Guest Speaker

12:30 Big Idea Guest Speaker: Building bridges between blockchains 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. Don’t miss Toby talk about how blockchain will bring a radical shift in the way you think about financial assets and the way the financial industry will operate in the future.

Speaker: Toby Hoenisch, Co-founder & CEO, TenX NEW

1:00 Lunch and Networking Break

Track A: Track B: Track C:

Trading Accelerating Electronification

Track chaired by

Gareth Nicholson, Head Fixed Income, Bank of Singapore

Portfolio Management Drill Down On Emerging

Markets Track chaired by

Pankaj Nagrath, CFA, FRM, Chief Business Advisor & Investment Counselor, GSAM, Bank

of Singapore

Creative Boardrooms

Making Derivative Reforms

Business As Usual

2:00 Fireside Chat: How can you transform the way in which you source and leverage data across your investment and trading division to make it a competitive edge? The big equity exchanges figured this out years ago, and now the fixed-income market is starting to follow suit. After years of debating trading protocols and what should be counted as “true” electronic trading, the debate will shift to who can provide the best data and derive insights that ultimately help both liquidity-makers and takers get their jobs done. Hear from Bank of Singapore and Pictet AM who will share their thoughts on:

- 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?

- What is the future is for fixed income markets as investment firms begin to take firmer grasp on data?

- What does MiFID II mean for data management and disclosures for investment firms?

- Harvesting data- How can you best collect, store and package data in a way that it is easily accessible and accessible for your traders?

- How can you deal with MiFID II requirements on real-time and historical data?

- How can you effectively mine data to create “a view into the location of every bond in the world”?

- Pre-trade market data, post trade data and public data- How can you bring this all together to make more informed trading decisions?

Moderator: Speakers: Gareth Nicholson, Head Fixed Income, Bank of Singapore Pierre-Emmanuel Charlier, Head of Fixed Income Trading, Asia, Pictet Asset Management Eric Busay, Senior Investment Officer, Mountain Pacific Group, Former Portfolio Manager, CalPERS

2:00 360° Perspective: With the recent launch of the “Curry Fund” and upgrade on ratings, is India an attractive and secure investment option? With demonetization, introduction of GST policies and the banks re-cap for the public sector, what can we expect from India’s bond market? Listen to our panel of expert speakers who will discuss the key trends, challenges and opportunities in this space:

- India and Credit – what are the key

trends, challenges and opportunities in this space?

- Less than 5% on Indian bonds are owned by foreigners - What developments to India’s debt markets needs to be made to further attract global investors?

- With demonetization, introduction of GST policies and banks re-cap for the public sector, what can we expect from the Indian bond market?

- What is the outlook for Indian bonds going ahead with the increase in oil prices and the US tax reforms?

- With the local emerging market currencies and global developments, what is the outlook of the Indian bond market?

- Nurturing a local currency bond market - What has been the journey for masala bonds?

- NPL - Non-performing loans in India - how does this impact Indian banks balance sheet with a lot of bond issues that are outstanding?

Moderator: Pankaj Nagrath, CFA, FRM, Chief

Business Advisor & Investment Counselor, GSAM, Bank of Singapore

Speakers:

Sanjay Guglani, CEO, Silverdale Funds Arvind Chari, Head - Fixed Income & Alternatives, Quantum Shamit Chokshi, Head - Offshore Fund Investments, ICICI Prudential Asset Management Company Olivier Spoor, Portfolio Manager, Oclaner Asset Management

2:00 Creative Boardroom: Re-defining traditional boundaries - How to strengthen your partnerships with the sell side, market infrastructure and technology providers to thrive in the new derivatives landscape

In this closed door discussion, we focus on the impact of new regulations on OTC derivatives and the on-going dynamic challenges present in servicing these instruments. Hear from ISDA and Allianz, who will lead a discussion on:

- Why has the derivative market not grown over recent years and how can it begin to grow again in Asia?

- What are the latest derivatives products available for investors in Asia?

- What kinds of risk exposures arise in connection with a derivatives portfolio?

- New trading models- How can you efficiently adapt to a new structure with increased costs and regulation?

- Comparison to corporates- Will new platforms come forward away from the traditional incumbents to offer a new service to the buy side?

- To what extent does the valuation process help to manage or mitigate risks associated with a derivatives portfolio?

- Insights on the business potential and risks involved in growing China’s derivatives markets - What are some of the recent development in China’s derivatives market?

Speakers: Jing Gu, Senior Counsel, International Swaps and Derivatives Association, ISDA Wesley Chen, Quantitative Portfolio Manager, Multi-Asset Derivatives, Allianz Global Investors

2:30 360° Perspective: What makes a credible TCA system- Outlining the building blocks for obtaining reliable pre and post trade fixed income TCA TCA is evolving rapidly. What was once pre-

2:40 Interview: As Green Bonds grow in popularity, is it better to launch it as a separate fund as opposed to integrating them into your mainstream portfolio?

Asia’s Green bond market is beginning to bloom. Even in a quiet year for China’s

2.35 Creative Boardroom: Reaping the ROI on past regulatory spend- How to streamline your trading, clearing, collateral and reporting infrastructure to drive workflow efficiencies

The core challenges now facing the entire

trade analysis of what might happen, used retrospectively by compliance departments is now morphing into a real-time, dynamic process of trade monitoring with an impact on trading behaviour, consequently informing better judgments. In this panel, understand from our speakers what the current offerings of fixed income TCA are and how the market is developing a reliable TCA methodology which can be used to help measure and achieve best execution:

- TCA is currently used by just 32% of

fixed income trading desks – what are the main challenges in using a TCA system?

- What are the implications of the lack of core aggregated data in fixed income TCA?

- What are the latest benchmarking tools available in Fixed Income TCA and how can TCA work as an useful tool or guide to inform trading decisions and identify outliers?

- With the lack of comprehensive tools available to aggregate data, how can TCA providers provide a credible, transparent and more robust multi-asset TCA capability?

Moderator: Speakers: Nic Yiu, Senior Trader , Allianz Global Investors Jacqueline Loh, Head of Trading, AIA Investors Management Pte Ltd Pierre-Emmanuel Charlier, Head of Fixed Income Trading, Asia, Pictet Asset Management

domestic market, the arrival of first-time issuers from the likes of India, Australia and Singapore are adding new depth to the region’s green finance push. In this interview session speakers from IFC and Allianz global investors will cover:

- With the increasing trend in sustainable investment, is green bond the next best investment Asset class?

- Is the green bond market going to be an asset class and is green investing a legitimate sector?

- The unclear benefits of green bonds – Are issuers issuing green bond only for tax exemption reasons or where exactly is the channelling of funds happening?

- The lack of liquidity and research in green bonds – is it possible for investors to make educated investment decisions to gain positive returns from green bonds?

- Growth in this space - Are investors really looking to invest in green bonds despite the lack of any clear benchmark standards in this space?

Moderator: Mushtaq Kapasi, Chief

Representative, Asia Pacific, International Capital Market Association (ICMA) Speakers: John Groesbeek, Acting Deputy Treasurer, International Finance Corporation Dianna Enlund, Senior Product Specialist Investment, Allianz Global Investors

industry are common to all participants which is how to future proof the clearing infrastructure to accommodate the raft of market and regulatory driven changes still to come. Delve deeper into the discussion led by Mark and Erryan from ISDA:

- What recent regulatory changes have come into play and what impact have new regulations had on trade execution processes and costs?

- Where are the current clearing proposals up to and how will you be impacted?

- Uncleared swaps- How will they be handled under the new mandate?

- What are documentation protocols associated with central clearing and who can help with this?

- Moving systematic risk- What are the recovery and resolution rules for CCP’s themselves?

- Swaps trading in Asia- How do the mandatory trading rules in Asia differ from the US and European trading requirements?

- Are there any further regulatory changes on the horizon and what are the implications for investment managers and institutional investors?

Speakers: Mark Gheerbrant, Head of Risk and Capital, International Swaps and Derivatives Association, ISDA Erryan Abdul Samad, Assistant General Counsel, International Swaps and Derivatives Association, ISDA

3:10 360° Perspective: Making the switch to algo trading– How can you smoothly make this transition and reap the full benefits they have to offer?

Fixed-income trading desks are facing more pressure than ever from regulations, which is making it more expensive to handle big trades. After seeing the cost reduction success of other trading desks that switched to automation, debt traders can no longer justify the costs of the status quo. Examine how you can reduce manual errors, emotional trading decisions, as well as execution costs through the use of algo trading:

- The evolution of the algorithmic landscape – how much has algorithmic trading penetrated the fixed income markets in Asia?

- In an increasingly maturing market, what are the opportunities and challenges in automated trading and which claims about automated trading are valid and which are misunderstood?

- How can algo trading reducing manual errors and emotional trading decisions, as well as execution costs?

- What are new innovations expected in algorithmic trading in the next 5-10 years?

- What fixed income products are next for trading automation?

- How can you adapt your internal team structure to respond to tomorrow’s algo trading?

Moderator: Speakers:

3:10 360° Perspective: With increasing interest in the Asian local currency bond market, how can you adapt your portfolio to gain optimum exposure to them?

With interest rates remaining low and headline inflation moving higher up the curve, investors continue to look beyond traditional income sources, moving further out on the risk spectrum to meet their long-term targets. In this session our speakers will share their insights on:

- With headline inflation moving higher up the curve, what are the implications for investors in Asia?

- The currency outlook in Indonesia - How the Indonesian rupiah will be affected by the policy normalisation from across the countries and the central bank policies?

- The political dynamics in Indonesia and Malaysia – With the presidential elections coming up in 2019 what are the uncertainties these markets will face?

- The monetary policy of Bank of Japan – What are implications of this in the Japanese bond market?

- The dominance of China - how can we get more issuance out of other regions?

- On the country level - how structures and whole reporting side of things work in India, Indonesia as versus to Singapore?

Moderator: Speakers: Brad Gibson, Head of Portfolio Management - Fixed Income, AB Global Manu George, Senior Investment Director, Fixed Income, Schroder Investment Management Shamit Chokshi, Head - Offshore Fund Investments,

ICICI Prudential Asset Management Company

Shashwat Nanda, VP and Portfolio Manager, Trust

Investments

3.10 Creative Boardroom: Women in fixed income: How can the industry better attract, develop and retain top female talent? You’ll have 50 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. This session will cover:

- How is the fixed income industry

addressing the aspirations of women to

develop in leadership roles?

- What does it means to be a woman in

the fixed income industry in 2018?

- How are firms showcasing female talent

contributing in the financial sector?

- Sharing common challenges with your

female peers and finding solutions to

address them

Moderator: Dianna Enlund, Senior Product Specialist

Investment, Allianz Global Investors

3.50 Afternoon Refreshment Break

The Game Changers 4.20 Fireside Chat: Front office talent – What are the critical success factors for hiring, training and retaining the best front

office trading talent, now and in 10 years’ time?

Who will be the winners and losers in the evolving fixed income market structure and which new types of job functions are now coming to the fore? Don’t miss this fireside chat where our speakers will share insights on:

- Who will be the winners and losers in the evolving fixed income market structure? Which new types of job functions are now

coming to the fore?

- How do you need to position your firm to attract the best talent?

- What expertise and technological know how is now needed on the buy and sell side in increasingly electronic markets?

- What are the unintended consequences of regulation which are impacting buy and sell side firm structures?

- At which types of firms do new entrants into the Fixed income market most want to work?

Moderator: Speakers: Sam Ahmed, Managing Director and Head of Asia Pacific, DerivAsia Dianna Enlund, Senior Product Specialist Investment, Allianz Global Investors

Tariq Dennison, Investment Adviser, Portfolio Manager, ETF Expert, GFM Asset Management

4:40 Oxford Style Debate: Cryptocurrencies will gradually replace traditional currencies and are a significant trend – For &

Against

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?

- The speculative nature of crypto currency investment – Do you run the risk of losing all your capital?

- Bitcoins, the next biggest thing after rates – how is this threatening the financial stability in the region?

- With Asian countries continuingly warning investors again bitcoins, what’s the direction in this space?

- Are bitcoins going to take over the entire financial systems?

- Are they going to take over the current currencies we trade if crypto currencies become a common medium of exchange?

- What are the risk factors associated with crypto currencies being a store of value?

- What are the implications of actual market acceptance with the rising volatility of store of value?

- Will investors be allowed to invest in this as part of their portfolio? Moderator: Avtar Sehra, CEO and Chief Product Architect, Nivaura

Debater for the motion: Salman Ahmed, Chief Investment Strategist & Portfolio Manager, Lombard Odier Investment Managers

Yee Tuck Meng, Partner, JRT Partners

Debater against the motion: Ho Shui Wei, MD, Head of Money Market, Fixed Income & Foreign Exchange, Bank of Singapore Tariq Dennison, Investment Adviser, Portfolio Manager, ETF Expert, GFM Asset Management

5.10 Fixed Income FinTech Shark Tank: Disruptive technologies- What are the next big breakthroughs you should expect from the FINTECH world? Join our fixed income sharks during this exciting ‘Shark Tank’ style session, where you will hear from 3 new and innovative FINTECH start-up firms as they present their offerings in a bid to win first place. Listen up as the ’sharks’ review the technologies’ benefits to your business, predict their future success and deliver their verdicts. The ultimate decision is in your hands though, as the audience get to vote for their favourite. Will you find the next big thing?

- What is the role of this in the fixed income market and how is it impacting the growth of this market in terms of providing liquidity?

- How is this creeping into fixed income market and how are companies looking to automate processes that are traditionally manual?

- What are the glaring opportunities in this space and how can they reduce the inefficiencies in your trading desk and improve price discovery and price transparency from a regulatory perspective?

- Processing enormous amount of market data in a low latency environment – How can technology solve this for you? - What is happening in AI, robotics, peer-to-peer platforms and cloud technology and how will these impact investments and

trading in the next 5 years?

“Undoubtedly the leading forum for the buy side to get to grips with the key challenges resulting from the increasingly complex fixed

income trading world.”

Gianluca Minieri, Global Head of Trading

“No other event brings together so many buy side with major market participants from the full fixed income value chain- a unique networking experience.”

Erik Tham, Executive Director Fixed Income Execution

“An extremely beneficial conference- one of the best gatherings of fixed income thought leaders."

Jean-Philippe Malé, Regional Manager, Trading Screen

“Provides the latest insights into the fixed income market - the perfect platform to network with your fixed income leaders.” Kem Husain, Head of APAC Sales, AxeTrading

“A unique gathering of buy side fixed income heads with key players from sell side, platform and technology providers also in the room.”

Maria Levanti, Senior Director, Intercontinental Exchange

Moderator: Gareth Nicholson, Head Fixed Income, Bank of Singapore Speakers: E K Ong, Founder/CEO, Bondlinc

Steve Toland, Founder, TransFICC

Sonia Palmieri, Head of Business Development, SmartKarma

Isa Eamon Keaveny, Director, Efsol Asset Management

5:40 Chairperson’s Closing Remarks

5.50 Conference Close