Fixed Income Leaders 2025
14 - 16 October, 2025
Mövenpick Hotel Amsterdam City Centre + ij VENUES Amsterdam
Day 2 | 16th October
8:30 am - 9:30 am
Registration and “Market Open” Breakfast
Ease into the final day with premium coffee, fresh pastries, and the company of global fixed income leaders. It's your opportunity to revisit key conversations and prep for the closing sessions.
Navigating Market Turbulence
9:30 am - 9:50 am
Asset Allocators Fireside Chat: Asset Allocators' Perspective on Bond Markets: How can you position your fixed income portfolios amid ECB tightening, interest rate uncertainty and credit risks?
Edward Smith -
Co-CIO,
Rathbones
Luca Cetrano -
Head of Asset Allocation & Quantitative Solutions,
Assicurazioni Generali
European bond markets are at a turning point, with rising sovereign yields, tighter ECB policies, and a surge in government debt issuance driving volatility. At the same time, corporate default rates are climbing to levels unseen since 2008, adding pressure on credit markets. With liquidity conditions shifting and geopolitical risks looming, asset allocators must rethink fixed income strategies to balance risk, flexibility, and return in an increasingly uncertain environment.
9:50 am - 10:20 am
Global Investment Outlook Panel: Capturing global opportunities: Which allocation strategies should you consider to navigate heightened market volatility, tariffs, and macroeconomic dislocation?
Altaf Kassam -
Head of Investment Strategy and Research, EMEA,
SSGA
Raphael Stern -
Head of ETF PM EMEA,
Invesco Asset Management
Laura Cooper -
Managing Director, Global Investment Strategist and Head of Macro Credit,
TIAA
In 2025, investors face geopolitical uncertainty, shifting central bank policies, and rapid tech disruption. With stretched U.S. valuations, capital is shifting to European, Asian, and emerging markets like Argentina and Turkey. AI-driven strategies are reshaping investment decisions, making adaptability key to managing risk and capturing global opportunities in both traditional and alternative markets.
Raphael Stern
Head of ETF PM EMEAInvesco Asset Management
ESG: Does it still matter?
10:20 am - 10:45 am
Responsible Investing Panel: Sustainable Investing 2.0: How can you re-think ESG value in European Fixed Income to enhance performance, mitigate risks, and uncover new opportunities?
Giulia Pellegrini -
Deputy CIO - Emerging Markets Fixed Income, Portfolio Management & ESG,
Allianz Global Investors
Imane Kabbaj -
Head of Sustainable Investment,
Carmignac Gestion
Nachu Chockalingam -
Head of London Credit - Senior Credit Portfolio Manager,
Federated Hermes
Abhishek Kumar -
Managing Director, Head of Global Strategies and Fixed Income Beta,
State Street Global Advisors
Philip Bille -
Head of Buy Side Dealing Desk,
Bank Degroof Petercam
This panel will explore the tangible benefits of integrating ESG into fixed income strategies, including its impact on returns, market trends, and long-term resilience. Experts will share insights on how sustainability is shaping credit markets, influencing issuer behavior, and driving value for investors.
Giulia Pellegrini
Deputy CIO - Emerging Markets Fixed Income, Portfolio Management & ESGAllianz Global Investors
Abhishek Kumar
Managing Director, Head of Global Strategies and Fixed Income BetaState Street Global Advisors
Mid-morning, enjoy vibrant floral backdrops, fruit skewers, and sparkling lemonades. With sustainability and tech topping the agenda, this energizing pause keeps the ideas—and conversations—flowing.
Step into the future of fixed income trading and investment! We’ve set up a dedicated area in the Expo where you can grab a headset and immerse yourself in this high-energy pitch session.
Five visionary fintech startups. Five minutes each. One shot to prove they’re the next big thing. These founders will take the stage to showcase cutting-edge solutions designed to transform liquidity, execution, analytics, and automation.
Will they impress, challenge the status quo, and win over the crowd? You decide. Expect game-changing ideas, fierce competition, and a glimpse into the future of fixed income.
Are you a start-up and would like to pitch your solution? Get in touch with Irene Cerquaglia at irene.cerquaglia@wbr.co.uk
Shaping the Future of Fixed Income: Primary Markets, Consolidated Tape & Automation
11:05 am - 11:30 am
Primary Markets Oxford Style Debate TRUE or FALSE: The Primary Market is ready for a digital overhaul
Eric Morrow -
COO Trading,
Apollo
This high-impact session will challenge industry leaders to debate the future of primary markets. With the rise of algorithmic trading, the potential of grey market trading, and increasing calls for a more efficient issuance process, the question remains: Is the primary market ready for a digital transformation, or is the industry moving too fast without solving fundamental inefficiencies?
TRUE: This team advocates for digital transformation, highlighting inefficiencies in current workflows, the potential of automation, and the role of blockchain.
Carl James, MD, Fixed Income of the Global Markets Group, S&P Global Market Intelligence
FALSE: This team argues that the market is not ready, citing fragmented adoption, operational complexity, and regulatory uncertainty.
Cathy Gibson, Global Head of Trading, Ninety One
Eric Morrow, COO Trading, Apollo
Moderator: Armin Peter, Consultant – Primary Markets Working Group, ICMA
Eric Morrow
COO TradingApollo
11:30 am - 12:00 pm
Regulatory Panel Navigating the 2025 regulatory landscape: How can fixed Income markets effectively implement MiFID III and prepare for a potential move to T+0?
Victoria Webster -
Managing Director, Fixed Income,
AFME
European fixed income markets face sweeping regulatory shifts, from MiFID III and T+1 settlement to DORA and Basel III finalisation. With transparency, risk management, and operational resilience in focus, firms must adapt quickly. This panel explores how market participants can navigate these changes, leverage technology, and stay competitive in an evolving landscape.
12:00 pm - 12:30 pm
Consolidated Tape Panel: The new transparency regime: How can you navigate the UK vs. EU Consolidated Tape debate to optimise fixed income transparency and execution?
Laura Carlyle -
Director,
BlackRock
Virginie Saade -
Head of Government and Regulatory Policy,
Citadel
Sassan Danesh -
CEO,
eTrading Software
Claudia Preece -
Senior Editor,
TheTRADE
With Europe and the UK advancing separate consolidated tape frameworks, market participants face diverging transparency regimes, compressed implementation timelines, and operational uncertainties.
Laura Carlyle
DirectorBlackRock
12:30 pm - 1:00 pm
Automation Panel: The next frontier in automation: How can you harness AI, analytics, and smart execution to gain a competitive edge?
Jan Riemenschneider -
Head of Trading,
Quoniam Asset Management
Robert Slater -
Founder & CEO,
Cognitive Credit
Alex Wolcough -
Founder & CEO,
GreenBirch
As automation accelerates across fixed income markets, trading desks and investment teams must evolve to stay ahead. From AI-driven trade execution to seamless data integration, firms are reimagining workflows to enhance efficiency, reduce costs, and optimise liquidity sourcing. This panel will explore the next wave of automation, focusing on cutting-edge technologies that are reshaping the trading and investment landscape.
Over lunch, explore key fixed income products, focusing on their unique characteristics, market dynamics, and investment strategies.
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 1: ETFs Alvaro Quiros Rubio - Executive Director, Fixed Income ETF Portfolio Manager, Goldman Sachs International
Alvaro Quiros Rubio
Executive Director, Fixed Income ETF Portfolio ManagerGoldman Sachs International
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 2: CLOs and Loans Erick Muller - Head of Product, Investment Strategy, Muzinich
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 3: Emerging Markets Mathieu Cron - Portfolio Manager, OCTO Asset Management
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 4: Convertible Bonds Antoine Marmoiton - Trader / Analyst, Alken Asset Management
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 5: High-Yield Jan Teutsch - Managing Partner, Guy Partners
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 6: Structured Products Lorenzo Di Pietrantonio - Chief Investment Officer, Fineco Asset Management
Lunch Deep Dive Roundtable Discussions
1:00 pm - 1:45 pm Table 7: Repo Charlie Badran - Head of AXA Financing, AXA Investment Management
Track A: Fixed Income in 2030
1:45 pm - 2:15 pm Oxford-Style Debate Will traders of the future be coders or pure strategists? Louis Gargour - CIO & Managing Partner, LNG Capital Valerie Nannette-Dan - Head of credit Eur IG and.CHF, AXA IMJoin a dynamic and thought-provoking debate where industry experts challenge conventional wisdom on the evolving role of traders. As automation, AI, and algorithmic strategies reshape financial markets, do traders need to become software engineers, or will AI take over coding, allowing human traders to focus purely on strategy and relationships?
FOR: The traders of the future will be software engineers first—those who don’t code will be left behind.
Louis Gargour, CIO & Managing Partner, LNG Capital
AGAINST: Coding will become obsolete for traders as AI automates execution, bringing the industry back to relationship-driven trading.
Valerie Nannette-Dan, Senior Trader, AXA Investment Managers
Valerie Nannette-Dan
Head of credit Eur IG and.CHFAXA IM
Track A: Fixed Income in 2030
2:15 pm - 2:45 pm Rising Stars Panel: How can we cultivate next-gen talent to future-proof trading and investment desks? Aryan Aggarwal - Fixed Income Associate, BlackRock Gozde Yildiz - Fixed Income Trader, UBS Asset Management Jessel Rishi - Head of European Fixed Income Trading, AllianceBernstein Imogen Hepsworth - Credit Trader, Federated Hermes Mehdi Abdi - Head of Global Credit, PGGM Claudia Preece - Senior Editor, TheTRADE
Jessel Rishi
Head of European Fixed Income TradingAllianceBernstein
