Fixed Income Leaders 2018

November 06-November 08, 2018

Beurs van Berlage, Amsterdam

44(0) 207 368 9540

2017 Agenda Day 2

Thursday 9th November 2017

7:45 AM - 8:25 AM Registration and Breakfast

8:25 AM - 8:30 AM Chairperson’s Opening Remarks

David Bullen, Director, Bullen Management

David Bullen

Director
Bullen Management

Gaining The Edge

  • The evolution of best execution- How are leading buy side heads measuring best execution and what changes have they made?
  • Developing a reliable best execution methodology in an OTC market- what are the building blocks and how can you build a fixed income specific best execution model in data sparse and liquidity constrained markets?
  • Broader than ‘best price’- What other parameters should you measure your best execution standards against other than pricing?
  • Strategy selection- How can you fully understand what is the right approach for the right environment?
  • Best ex for pre-trade- How can you establish the parameters pre-trade to determine what you need to do to achieve best execution for your clients?

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John Greenan

Front Office Trading Technology Consultant
Alignment Systems
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Carl James

Global Head of Fixed Income Trading
Pictet Asset Management

Louise Drummond

Head of Fixed Income and Foreign Exchange Dealing
Aberdeen Asset Management
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Mariano Goldfishcer

Managing Director - Global Head Credit Trading and Syndicate
Credit Agricole
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Paul Reynolds

Head of Fixed Income
TradingScreen
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Andrew Falco

Head of Fixed Income Trading
Fidelity
  • Liquidity conditions- how has liquidity changed, what works now and how has the progression been on providing new solutions to alleviate the liquidity shortage?
  • How can the buy side take a more proactive approach and become liquidity providers in liquidity constrained markets?
  • Adapting to the new norm - how should you set up your internal processes, connectivity and technology to maximize liquidity and meet your investment needs
  • The impact of MiFID II- will the new transparency regime help or hinder liquidity across fixed income markets?
  • Debate- what single change can be done to improve liquidity in fixed income markets?

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Lee Sanders

Head of Execution FX and UK & Asia Fixed Income Trading
AXA Investment Management
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Mike Poole

Fixed Income Dealing Manager
Jupiter Asset Management
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James Switzer

Global Head of Credit Trading
Alliance Bernstein
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David Bullen

Director
Bullen Management
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Christophe Roupie

Head of Europe and Asia
MarketAxess and TRAX
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Gherardo Lenti Capoduri

Head of MarketHub
Banca IMI

Special Guest Speaker

9:50 AM - 10:10 AM Political Keynote: Moving towards Brexit- What implications will this have on the European landscape and how will this affect your fixed income investments in the medium to long term?

Rt Hon Nicky Morgan, Chair of Treasury Committee, UK Parliament
  • How do cognitive biases impact the investment process and what strategies can you implement to remove them?
  • How can behavioural finance hold out the prospect of a better understanding of financial market behaviour and scope for investors to make better investment decisions?
  • How are leading financial firms implementing the tenets of behavioural finance to improve their performance?
  • How an understanding of the nature of our all too human flaws can help us invest better

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Rt Hon Nicky Morgan

Chair of Treasury Committee
UK Parliament

10:10 AM - 10:40 AM Morning Networking Break

Maximising Workflow Efficiency

10:40 AM - 10:55 AM Innovation Spotlight: Enabling Compliant Efficient Workflows in a Rapidly Evolving Global Fixed Income Landscape

Ganesh Iyer, Director, Global Product Marketing, IPC


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Ganesh Iyer

Director, Global Product Marketing
IPC
  • Voice vs. Electronic- Other than corporates, what other areas of fixed income is seeing electronic trading growth and how can you best utilize this?
  • Striking the balance- to what extent can automation replace the human touch?
  • Voice vs. electronic execution- how can you establish which method of execution is best suited for certain market conditions?
  • 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?
  • Will the methodology of eTrading eventually work across all fixed income asset classes or is it only best suited to certain products under certain conditions?

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Oscar Kenessey

Head of Trading, Fixed Income, Derivatives and Currencies
NN Investment Partners
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Juan Landazabal

Global Head of Fixed Income and FX Trading
Deutsche Asset Management

Julia Streets

CEO
Streets Consulting

David Walker

Head of Fixed Income Dealing
M&G Investments
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Rich Winter

Senior Managing Director
FENICS US Treasuries
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Eddie Wen

Managing Director, Global Head of Macro eCommerce
JP Morgan Chase

11:35 AM - 11:55 AM Industry Perspective: Debunking myths about trading fixed income ETFs- An introduction to fixed income ETFs and how they work

Philip Cichlar, Head of Fixed Income Sales and Trading, Jane Street

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Philip Cichlar

Head of Fixed Income Sales and Trading
Jane Street
  • Why has there been growth in ETF adoption and how are the buy side managing ETFs?
  • Analyzing ETF liquidity and transparency- how do you use them, how do you trade them and what are the benefits and drawbacks?
  • How do you distinguish a good ETF vs. a bad ETF and what are the systematic risks when trading ETFs?
  • Sidestepping bond illiquidity- how sustainable is it to use ETFs as an alternative means of sourcing liquidity?
  • Electronic trading of ETFs- how are market makers and banks adapting to the electronification of ETF products and how are they bringing them market?
  • Debunking ETF Myths- are they really more expensive to trade than a bond and do they stop working during times of market stress?

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Pasi Hyttinen

Head of Bond Indexing
Vanguard
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Brett Pybus

Managing Director, iShares EMEA Fixed Income Product Strategy
iShares by BlackRock
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Philip Cichlar

Head of Fixed Income Sales and Trading
Jane Street
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Antoine Lesné

Head of SPDR ETF Strategy & Research EMEA
SPDR ETFs
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Georg Bartel

Fixed Income
ETF Trader
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John Greenan

Front Office Trading Technology Consultant
Alignment Systems

Special Guest Speaker

12:35 PM - 1:00 PM Guest Speaker: How focusing on building successful teams won Brawn GP and Jenson Button the F1 World Championship at their first attempt

Nick Fry, Former CEO and co-owner , Mercedes AMG

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Nick Fry

Former CEO and co-owner
Mercedes AMG

1:00 PM - 2:00 PM Lunch and Networking Break

1:00 PM - 2:00 PM Masterclass: New frontiers in the US$10 trillion Chinese bond markets - Game changer in gaining access to the third largest bond market in the world

Julien Martin, Managing Director, Head of Fixed Income and Currency Product Development Market Development, Hong Kong Exchanges and Clearing Limited

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Julien Martin

Managing Director, Head of Fixed Income and Currency Product Development Market Development
Hong Kong Exchanges and Clearing Limited

1:00 PM - 2:00 PM Women in Trading Think Tank: Confronting the lack of women in Trading- How can the fixed income industry better attract, develop and retain top female talent?

Carola Jansen, Senior Portfolio Manager Treasury, Kempen Capital Management Stephanie Suriyanon, Fixed Income Dealer, Ballie Gifford Louise Drummond, Head of Fixed Income and Foreign Exchange Dealing, Aberdeen Asset Management

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Carola Jansen

Senior Portfolio Manager Treasury
Kempen Capital Management
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Stephanie Suriyanon

Fixed Income Dealer
Ballie Gifford

Louise Drummond

Head of Fixed Income and Foreign Exchange Dealing
Aberdeen Asset Management

Overcoming Resistance To Change

  • Building a fixed income O/EMS- what makes a specialised fixed income OMS and EMS system and how far are we from making this a reality?
  • What are the needs of the buy side from their OMS/EMS counterparts and how can they be addressed so the providers are meeting these needs?
  • With O/EMS systems so vital to a trader’s workflow, what are the O/EMS providers doing to ensure they are keeping up with the pace of change in fixed income?
  • Cross asset vs. fixed income O/EMS- is a multi asset O/EMS the best way forward or should you use a product specific OMS due to the fragmentation of markets and nature of liquidity? 
  • Can O/EMS systems be standardized and made more flexible for ease of connectivity to new trading venues?

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John Greenan

Front Office Trading Technology Consultant
Alignment Systems
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Joeri Wouters

Head of Fixed Income Dealing
KBC Asset Management
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Alun Cutler

Director, Product Management, EMEA
Charles River Development
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Matthew Reid

Product Manager, Trading
SimCorp
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Matthew York

Product Owner for Fixed Income
Flextrade
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Tomas Zikas

Fixed Income EMS
Bloomberg L.P.

Evaluating New Methods of Trading

2:40 PM - 3:00 PM Fireside Chat: The health of the market today- How has the EU new issuance market changed in 2017 and how can you streamline the new issuance life cycle?

Herb Werth, Managing Director, Global Head of Buy Side Product Strategy and Marketing, IPREO Andrew Falco, Head of Fixed Income Trading, Fidelity

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Herb Werth

Managing Director, Global Head of Buy Side Product Strategy and Marketing
IPREO
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Andrew Falco

Head of Fixed Income Trading
Fidelity

Preparing For A New Investment Landscape

2:00 PM - 2:40 PM 360 Perspective: Adjusting to the end of Quantitative Easing (QE) and central bank tapering- What impact will this have on European fixed income markets and how can you ensure you are well positioned to combat this?

David Saab, Managing Director, JP Morgan Private Bank Hendrik Tuch, Head of Rates & Money Markets, Aegon Asset management Richard Mcguire, Head of Rates Strategy, RaboBank Liakos Papapoulos, Senior Investment Manager Treasury, MN Asset Management Radi Khasawneh, Senior Fixed Income Analyst, TABB Group

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David Saab

Managing Director
JP Morgan Private Bank
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Hendrik Tuch

Head of Rates & Money Markets
Aegon Asset management
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Richard Mcguire

Head of Rates Strategy
RaboBank
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Liakos Papapoulos

Senior Investment Manager Treasury
MN Asset Management

Radi Khasawneh

Senior Fixed Income Analyst
TABB Group

Preparing For A New Investment Landscape

2:40 PM - 3:00 PM Industry Perspective: Using Machine Learning For Tactical Asset Allocation Decisions

Grigorios Papamanousakis, Deputy Head of Systematic Asset Solutions, Aberdeen Asset Management Yannis Papakonstantinou, Quantitative Strategist, Aberdeen Asset Management

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Grigorios Papamanousakis

Deputy Head of Systematic Asset Solutions
Aberdeen Asset Management
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Yannis Papakonstantinou

Quantitative Strategist
Aberdeen Asset Management
Working Group 1- Connectivity hosted by Erik Tham, Executive Director, Fixed Income Execution Desk, UBS Wealth Management
Working Group 2- TCA hosted Ricky Maloney, Rates and Absolute Return, Old Mutual Global Investors
Working Group 3- Market data hosted by Yann Couellan, Head of Fixed Income Execution, AXA Investment Management
Working Group 4- Automation hosted by Pasi Hyttinen, Head of Bond Indexing, Vanguard

MiFID II Gap Analysis- How are the buy side approaching different aspects of MiFID II in readiness for the January deadline?
Working Group 1- Unbundling Vincent Dessard, Senior Regulatory Policy Advisor, EFAMA
Working Group 2- Best execution requirements hosted by
Working Group 3-Transparency regime Elizabeth Callaghan, Director, Market Structure and MiFID II strategy & regulatory response, ICMA
Working Group 4- Reporting requirements? Hosted by Pamela Gachara, Manager, Capital Markets, The Investment Association


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Erik Tham

Head of Fixed Income Electronic Order Execution Desk
UBS Wealth Management
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Yann Couellan

Head of Fixed Income Execution
BNP Paribas Asset Management
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Pasi Hyttinen

Head of Bond Indexing
Vanguard
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Vincent Dessard

Senior Regulatory Policy Advisor
EFAMA
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Elizabeth Callaghan

Director, Market Structure and MiFID II strategy & regulatory response
ICMA
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Pamela Gachara

Manager, Markets
The Investment Association
  • What does a post Brexit Britain and a Trump White House mean for financial regulation?
  • With the threat of deregulation under a Trump presidency, what will be the knock on effects of further financial reform on electronic trading and market structure?
  • How will the UK’s standing as a global financial powerhouse be impacted on the back of Brexit and no access to the single market and what impact will this have on day to day trading and MiFID regulation?
  • Paradigm shifts- how will global macro themes differ from the past with the potential for new trade policy restrictions and the on-going theme of de-globalisation?
  • How has both Brexit and the Trump administration affected exchange rates so far, and what is next- are there alpha opportunities or is it time to hedge, cut risk, and protect capital?

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David Bullen

Director
Bullen Management
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Stu Taylor

CEO
Algomi
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Marc Chandler

Head of FX Strategy
Brown Brothers Harriman
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Philip Rush

Founder and Chief Economist
Heteronomics
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Chris White

CEO
ViableMKTS
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John Greenan

Front Office Trading Technology Consultant
Alignment Systems

3:30 PM - 3:35 PM Chairperson’s Closing Remarks

David Bullen, Director, Bullen Management


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David Bullen

Director
Bullen Management

3:35 PM - 3:40 PM Conference Close