Programme

Asia Risk Congress 2020 Agenda

ARC Agenda 2020

All timings are HKT/SGT

09:0009:05

09:0509:25

Regulatory agenda for 2023: How will APAC regulators respond?
Focus session

09:00 - 09:30

09:2510:10

The challenges during transition - what corporates, banks and asset managers need to know
Panel discussion

09:55 - 10:35

  • The transition impact on leading firms
  • Implementation risks examples
  • Outlining the essentials of programme and transition planning
Ricco Zhang

Senior Director, Asia Pacific

International Capital Market Association

Ricco Zhang is Senior Director, Asia Pacific of the International Capital Market Association (ICMA) based in Hong Kong. Mr. Zhang is responsible for ICMA’s development in Greater China and works very closely with regulators, financial institutions and other organizations who are active at the capital markets in the region to promote and maintain the best market practice. He has previously worked for international law firms, investment banks and other financial institutions engaged in capital market transactions and mergers & acquisitions in Asia and has extensive experience as a market practitioner. Mr. Zhang graduated from the Faculty of Law of the University of Hong Kong.

張順榮先生為國際資本市場協會駐香港辦事處亞太區資深總監。張先生負責協會大中華地區的工作,與各監管機構、金融機構及其他活躍於區域內資本市場的市場機構緊密合作,致力於推動及維持最佳市場實踐規範。張先生在此之前,曾就職於國際律師事務所、投資銀行以及其他金融機構,從事資本市場以及兼併收購的工作,擁有豐富的市場執業經驗。張先生畢業于香港大學法律系。

Andrew Ng

Group Executive, Managing Director and Head of Treasury and Markets

DBS

Mr Andrew Ng is Group Executive of DBS & Head of Treasury and Markets. He joined DBS in 2000 and was named Managing Director and Regional Head of Trading in 2005.

Since 2006, Andrew has been instrumental in leading DBS Treasury and Market’s expansion in the region. In addition, he helped build a pan-Asia trading platform on different asset classes and established a region-wide local currencies derivative capability for the bank. He has also expanded DBS’ capabilities in generic and exotic derivatives.

Andrew has worked in the treasury business for over 32 years. Prior to joining DBS, he was Executive Director at Canadian Imperial Bank of Commerce from 1995 to 1999. In that role, he set up CIBC’s trading platform and derivative capabilities on Asian currencies. Between 1986 and 1995, Andrew was Head of North Asia Trading and Treasurer of Chase Manhattan Bank in Taipei.

 

Frederick Shen

Former senior vice president and head of business management for global treasury

OCBC

Dr. Frederick Shen formerly (ret.) was OCBC’s Senior Vice President and Head of Business Management for Global Treasury, OCBC Bank, leading to strengthen the infrastructure, processes, monitoring and analytics to tackle the increasing regulatory and risk requirements, all the while enabling the markets business for strategic growth in countries we currently operate in while planning for the future. He also led the Global Treasury FinTech strategy employing new and innovative technology solutions to deliver Treasury products to clients and to enhance productivity and efficiencies within the organisation. Fred re-joined OCBC in mid-2013 from Emirates NBD, Dubai, where he headed up the Group Market Risk unit. Prior to the Middle East assignment, he was with OCBC Bank Market Risk for 3+ years, and appointed its Head of Market Risk in 2011.

Fred started his career as a Professor of Finance at the University of Waterloo, Canada, before joining the financial industry, starting with global risk oversight of the financial engineering trading group at RBC Capital Markets. With over 25 years in the financial industry, his extensive experience includes assignments with various global financial institutions and specialisations, including structured credit and real-asset securitizations at a privately held investment bank, Head of bank-wide economic/risk capital and risk modelling/analytics at Bank of Montreal, and Head of life insurance and asset management risk management at Manulife. Fred has a PhD in Financial Economics.

Stephen Trevis

Managing Director and Head of Markets Legal Asia Pacific and South East Asia Legal

Barclays

Stephen Trevis is a Managing Director and Head of Markets Legal Asia Pacific and South East Asia Legal. Stephen joined Barclays’ Singapore office in February 2007, and was originally responsible for managing the Legal teams in Asia that supported Barclays Capital’s FICC and Loans businesses, dealing with Infrastructure and Company Secretarial matters. Prior to joining Barclays, he worked at Standard Chartered from 2003-2007, Deutsche Bank from 1997 to 2003 and Clifford Chance in London, Tokyo and Hong Kong from 1992-1997. Stephen is the Diversity Committee Chairperson at the British Chamber of Commerce, a committee member of REACH Singapore and an affiliate member of WiN Singapore. Outside of work, Stephen plays the electric guitar with his band, Crawford, and performs in pubs to adoring fans (including his wife and two daughters).
 

Steffan Tsilimos

Global Head of Interest Rate Derivatives Products

Bloomberg

Steffan Tsilimos is the Global Head of Interest Rate Derivatives Products at Bloomberg L.P . He is responsible for guiding product development, interest rate modeling, and coordinating the LIBOR transition for derivatives at Bloomberg. In addition, he oversees the company’s structuring, pricing, and risk platforms for Interest Rate Derivatives. He has written articles for Bloomberg Markets Magazine and Bloomberg Weekly Structured Notes Newsbrief.

Prior to joining Bloomberg, he was a Director at UBS, where he traded Interest Rate Derivatives and Structured Products. He has a B.A. in Economics from the University of Chicago, and an MBA from NYU Stern.

10:1010:40

Operational preparation and transition checklist
Fireside chat

11:00 - 11:30

  • Building the capabilities for the new RFR
  • Recalibrating your IT systems - data and technology implications
  • Minimising the cost impact
  • Using AI to accelerate the transition away from IBOR
Alexandre Bon

Head of marketing, presales and go-to-market, APAC

Murex

Alexandre looks after the definition, positioning and go-to-market strategy of Murex product solutions with a focus on Risk Management and Regulatory Transformation. His most recent work centers on the implementation of the bilateral Initial Margin and Basel III capital reforms, and on XVA desks operating models. Alexandre also co-heads the Murex task force on the Interest Rates Benchmark Reform. 

Since joining Murex in 2000, Alexandre has held both senior client-facing and product management positions, last serving as global head of the Risk Control practice and general manager for Murex Ireland, where he drove the development of the MX.III XVA management solution and Credit Risk simulation engine.

Alexandre holds a « Grande École » MSc in Management and Finance from HEC Paris.

John Ho

Head, Legal, Financial Markets

STANDARD CHARTERED

John Ho is the Global Head of Legal, Financial Markets for Standard Chartered Bank (“SCB”), overseeing and providing legal advisory, transactional and documentation support for Financial Markets (FM) business globally for Standard Chartered Bank (SCB), its branches and affiliates. Mr. Ho is also the co-chair of the ISDA South East Asia Legal and Regulatory Committee.

Mr. Ho plays an active role in implementing changes within SCB to conform to applicable OTC regulatory reforms impacting FM business. He has been involved in fostering closer working relationship and rapport with industry groups and regulators on key global and regional regulatory reform changes, including MIFID II/MIFIR, Financial Benchmarks, Dodd Frank, EMIR, CRDIV, FATCA, CCPs and Margin Reforms for Uncleared Derivatives.

In addition, Mr. Ho has supported digitisation in SCB and adoption of new or innovative technology initiatives such as blockchain, distributed ledger technology and smart contracts. He is an active participant in the industry’s Fintech events and has shared insights on the legal and regulatory framework relating to the development of Fintech. Mr Ho is the chair of the FIA Fintech and Digital Asset Study Group.

Prior to joining SCB, Mr. Ho was the Managing Director Principal in the legal department of Bear Stearns (Japan), Ltd (“Bear Stearns”) where he supported the Asia franchise (including Tokyo, Hong Kong, China, Taiwan, Korea, India and South-east Asia) from January 2003 to August 2008 covering various structured products and derivatives including equity derivatives, credit derivatives, fixed income and commodities.

Prior to joining Bear Stearns, Mr. Ho worked as Asia equity counsel for Lehman Brothers in Tokyo with experience dealing in convertibles, options, warrants, delta one products and other types of equity derivatives transactions, equity finance and equity capital markets.

He is qualified as an advocate and solicitor in Singapore since 1995 and he received his law degree from the National University of Singapore.

10:4010:55

Morning networking break

10:35 - 11:00

10:5511:20

IBOR transition across derivatives and cash markets: challenges and next steps
Fireside chat

15:35 - 16:00

  • Questions of transitioning portfolios and trading
  • Cessation triggers & fallbacks: squaring the circle?
  • Current landscape and next steps across currencies
Bhas Nalabothula

Head of European interest rate derivatives

Tradeweb

Bhas Nalabothula is head of European Interest Rate Derivatives at Tradeweb. Since joining the firm in 2013, Bhas has been instrumental in developing the interest rate swaps business for the Tradeweb Swap Execution Facility. He has worked closely with  buy-side clients and liquidity providers to develop electronic  trading protocols and workflow solutions.

Bhas recently relocated to Europe, where he now leads the Tradeweb  effort in the European Interest Rate Swaps market. Prior to joining Tradeweb, Bhas was as a member of the US Interest Rate sales team at Citigroup where he covered institutional derivatives clients. Bhas holds a Bachelor of Science in Computer Science from Carnegie Mellon University.

Andrea Sbalchiero

Head of Swaps, Asia

Tradeweb

11:2011:50

The impact of new ARRs on curve instruments and curve modelling

11:30 - 11:55

Thomas Chan

Financial Engineer

Numerix

Numerix is the leading provider of capital markets technology solutions for trading and risk management. Thomas Chan is a Financial Engineer based in the Numerix Hong Kong office focusing on quantitative finance, risk management and risk modeling. During his nearly five years of tenure at Numerix Mr. Chan has contributed to a number of client projects, specifically solution delivery and model validation. Previously at Hong Kong Exchanges and Clearing Limited (HKEx) Mr. Chan worked with the OTC Clear Risk Management and Risk Modeling teams. Others prior to experience includes working as a financial analyst for Nanyang Commercial Bank Ltd.

11:5012:30

Adapting local benchmark reforms
Panel discussion

14:00 - 14:40

  • From the SGD Swap Offer Rate (SOR) to the taking a closer look at the different stages of RFR development in Asia-Pacific
  • The SOFR impact on Asia – becoming familiarized with a new benchmark
  • Determining calculation methods of ARRs
Jing Gu | Moderator

Head of Legal, Asia Pacific

International Swaps and Derivatives Association, Inc. (ISDA)

Jing Gu heads up ISDA’s legal team in the APAC region.  Prior to joining ISDA, Ms. Gu was a Director in the Legal and Compliance Department of Credit Suisse (Hong Kong) Limited where she specialized in OTC derivative products and structured finance.  Before joining Credit Suisse, she was an associate at Allen & Overy Hong Kong Office where she advised a number of international banks and Chinese banks on derivative transactions and ISDA documentation. 

 

Ms. Gu holds a Master of Laws degree from Peking University, an LL.M. degree from New York University School of Law and a Master of Laws degree from Kyushu University in Japan.  Ms. Gu holds the lawyer qualification certificate in China, is qualified in the State of New York and is also admitted as a solicitor of the High Court of Hong Kong. Ms. Gu has been working for ISDA since 2008.

Rohit Bhasin

Head of LM Rates Trading South Asia & India

ANZ Bank

Rohit currently runs the ANZ Local Market Rates Trading, South Asia & India.

He has over two decades of experience in Fixed Income and Currency trading across Asia and G3 macro, managing diverse teams, driving franchise, performance and market advocacy. Previous roles in major European institutions include Fixed Income and Currencies (FIC) head India, Thailand, Vietnam, Sri Lanka, Pakistan, Head Cross Markets Group.

Prior to ANZ, Rohit was FIC Head India, Sri Lanka & Thailand and Head Portfolio Risk Management FIC Asia at Deutsche Bank.

Ravi Pandit

Executive director rates & OTC products

CME Group

Ravi Pandit is executive director, foreign exchange and interest rate products, Asia-Pacific at CME Group, and is responsible for expanding its existing FX and interest rate business and developing new opportunities across the region. He joined CME Group in August 2015 and he has 25 years' experience in the financial markets. Prior to joining CME Group, Pandit was a consultant to Singapore Exchange, where he provided strategic advice and project management for its launch of listed FX futures. Before that, he worked for 12 years in Dresdner Bank and subsequently Commerzbank, where he headed up the local markets trading team and helped build its Asian presence in interest rate and FX derivatives trading. Pandit also worked in various trading roles at Barclays, and in operations and technology at Citibank.

Paul Wylie

Head of Risk, Asia-Pacific

LCH

Paul Wylie is Head of Risk, Asia Pacific for LCH Ltd.  In his role, he is responsible for overseeing the various LCH risk functions and benchmark reform for the APAC region.

Before joining LCH in March 2019, Paul headed Structured Products and managed fixed income portfolio mandates at Mason Stevens.  Prior to that, Paul held senior front office trading roles both in Australia and overseas, including running Strategic Trading, CVA Trading, and Credit Solutions for Lloyds bank PLC in London.

Paul holds degrees in Actuarial Studies and Applied Finance from Macquarie University, Australia.

12:3012:55

Addressing legal and contractual challenges of the IBOR transition
Presentation

14:40 - 17:05

  • What actions can be taken to remediate legacy transactions?
  • Fallback language and its importance to the transition
Subramanian Natarajan

Head of Global Markets Legal for FX, Rates & Commodities, Asia-Pacific | Associate General Counsel

HSBC

Subramanian Natarajan is Head of Global Markets Legal for FX, Rates and Commodities, Asia- Pacific at HSBC, where he leads the legal team covering the FICC (Fixed Income (Rates and Credit), Currency (FX) and Commodities) businesses and advises on a wide range of transactional and regulatory matters within the Markets division of the Bank. In addition, he is also involved in a number of regulatory change, infrastructure and transformation initiatives undertaken by the group in Asia Pacific and globally.

Prior to joining HSBC, he worked in Clifford Chance LLP, London in the Derivatives and Financial Regulation Group of the firm advising various financial institutions on structured transactions across asset classes and regulatory reform initiatives.

He holds degrees from the National Law School of India University and the University of Oxford. He is admitted to practice in England & Wales and is qualified as an Advocate (non-practicing) India.

12:5512:55

Virtual day one ends

00:15 - 00:16

09:0009:05

09:0509:55

COVID-19: The impact on global financial markets
Regulatory panel discussion

09:30 - 10:10

  • An overview of financial vulnerabilities: the evolving threats and countermeasures?
  • How do capital and liquidity withstand the economic turmoil?
  • How to strengthen banks’ ecosystem without the cost of increasing operational burden?
  • Measures for business recovery and financial stability implications
Blake Evans-Pritchard

Bureau chief, Asia

Risk.net

Blake Evans-Pritchard is bureau chief, Asia, for Risk.net, based in Hong Kong.

Before taking on his current role, he spent five years covering regulatory issues across Asia for Risk.net, including implementation of Basel III and other international standards in regional jurisdictions.

Previously, Blake spent five years in Brussels writing about the European Union’s financial services sector and competition policy, and a number of years as Africa editor for a news service covering post-conflict restitution around the world.

During his 16-year journalistic career, he has also reported from Sudan, Italy, the Netherlands, Ghana and Portugal.

Blake holds a bachelor’s degree in computer science from the University of Aston in Birmingham.

Patrick Pearson

Head of Unit, Financial markets infrastructure

European Commission

Patrick Pearson is Head of Unit of Financial Markets Infrastructure in the European Commission’s Financial Stability, Financial Services and Capital Markets Union Directorate General. He previously headed the Resolution and Crisis management teams and was responsible for the Financial Services Action Plan.

Before joining the European Commission in 1987, Patrick Pearson worked for the legal service and the foreign financial market affairs divisions in Dutch Finance Ministry in The Hague.

He has a law degree from Leiden University in the Netherlands.

Johnny Noe E. Ravalo

Assistant Governor

Bangko Sentral ng Pilipinas

Dr. Johnny Noe E. Ravalo is Assistant Governor and has been the Head of the Office of Systemic Risk Management, the BSP’s financial stability unit, since its inception in January 2017.

Prior to his current designation, Dr. Ravalo was in charge of the policy, financial literacy, consumer protection, and data management initiatives of the Supervision and Examination Sector, as well as the initial efforts of the BSP on financial stability.

While in the private sector, Dr. Ravalo had several consultancy engagements, notably with the USAID, the ADB, the ADB Institute, and SEACEN. Prior to these, he served as the first Chief Economist and designated Spokesperson of the Bankers Association of the Philippines from 1994 to 2002 during which time he was directly involved in the market efforts through the crises of 1997 and 1999, as well as the reform program designed thereafter.

Dr. Ravalo is the first Filipino to successfully complete the doctoral program in Economics at Boston University where he also earned his Master’s degree in Political Economy. He obtained his undergraduate degree in Business Economics (Cum Laude) from the University of the Philippines School of Economics, completing the degree requirements in only three calendar years.

Michael Schmutz

Head of risk management (Insurance Division)

Swiss Financial Market Supervisory Authority

Head of Risk Management (Insurance Division): December 2018 to present; Swiss Financial Market Supervisory Authority (FINMA), Insurance Division, Bern, Switzerland.

Head of Market and Credit Risks (Insurance Division): July 2016 to July 2019; Swiss Financial Market Supervisory Authority (FINMA), Insurance Division, Bern, Switzerland.

Senior Risk Manager: June 2015 to June 2016; Swiss Financial Market Supervisory Authority (FINMA), Insurance Division, Bern, Switzerland.

Specialist for Market Risks: March 2012 to May 2015; Swiss Financial Market Supervisory Authority (FINMA), Insurance Division, Bern, Switzerland.

Financial consultant (part-time): 1993 – 2011; Treuhandbüro F. Balmer, Wilderswil, Switzerland.

Part-time lecturer: 2012 to present; Department of Mathematics and Computer Science, University of Basel, Switzerland.

Part-time lecturer: 2011 to present; Section de Mathématiques, École Polytechnique Fédérale de Lausanne, Switzerland.

Visiting professor: April 2016 – June 2016; Information and Decision Systems Department, ESSEC, Paris, France.

Part-time lecturer: 2009 – 2015;
Institute of Mathematical Statistics and Actuarial Science, University of Bern, Switzerland.

Post-doctoral research associate: 2009 – 2011; Institute of Mathematical Statistics and Actuarial Science, University of Bern, Switzerland. Founded by the Swiss National Science Foundation.

Research and teaching assistant: 2007 – 2009; Institute of Mathematical Statistics and Actuarial Science, University of Bern, Switzerland.

Teacher (part-time): 1998 – 1999; College of Commerce, Burgdorf, Switzerland

Lakshmi Shyam-Sunder

Vice President and Chief Risk Officer

World Bank Group

Lakshmi Shyam-Sunder is Vice President and World Bank Group Chief Risk Officer.

Lakshmi was previously Chief Financial Officer and Director, Finance and Risk at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.

Prior to joining MIGA in March 2011, she worked since 1994 at the International Finance Corporation (IFC), also part of the World Bank Group, where she was Director for Corporate Risk, and Director of IFC's Risk Management and Financial Policy Department. She helped develop IFC's client risk management advisory services and IFC's portfolio risk metrics which formed the foundation for the GEMs initiative across MDBs. She led the development of IFC's integrated capital framework and was responsible for all financial risks in Treasury, lending and equity investment operations as well as rating agency issues. She was also Co-Chair of IFC's New Products Assessment Group.

Lakshmi is co-founder and Co-Chair of the Global Emerging Markets (GEMs) risk database, a Consortium for Multilateral Development Banks (MDBs) and International Financial Institutions (IFIs).

Lakshmi has consulted for a range of public and private sector institutions in the U.S. and in emerging markets. She has also served on the Board, and Finance and Risk Committees of institutions in emerging markets.
Before joining IFC, Lakshmi was a faculty member at the MIT Sloan School of Management and earlier at The Tuck School of Business Administration at Dartmouth College. She has a Ph.D. in Finance from the MIT Sloan School of Management and an MBA from the Indian Institute of Management, Ahmedabad.

Choon Mun Yong

Deputy Director & Head, Prudential Advisory Division

Monetary Authority of Singapore

Mr Yong Choon Mun heads the Prudential Advisory Division, which is part of the Prudential Policy Department at the Monetary Authority of Singapore. The division oversees MAS’ policies on resolution and deposit insurance, and shapes MAS’ contributions to the BCBS, FSB SRC and other international fora. Prior to his current role, Choon Mun was in the Banking Department where he supervised a range of foreign banks.

Choon Mun holds a Bachelor of Accountancy (Honours) degree from Nanyang Technological University.

09:5510:35

The new risk paradigm
C-level panel discussion

09:30 - 10:20

  • The emergence of virtual banks with groundbreaking business models: what are the risks and impacts on traditional banks?
  • Third-party risk and dependency: challenges on data standardisation and system integration
  • Operational resilience – how can it be a “cure” to global economic and pandemic crisis
Amédée Prouvost | Moderator

Chief Operational Risk Officer

The World Bank

Amédée Prouvost is the Director of the World Bank’s Operational Risk Department where he leads the institution’s non-financial risk practice, which includes operational risk management, business continuity and crisis management, enterprise risk management, and corporate insurance. He also serves as the Secretary of two of the highest-level executive management risk oversight committees: the Finance & Risk Committee and the Enterprise Risk Committee.

After six years building the World Bank’s non-financial risk practice and strengthening the organization’s risk culture, he is now deeply involved in the institution’s response to the unfolding COVID-19 crisis, planning for the future, considering how the way we work will have changed, and trying to imagine a “new normal” with a greater focus on risk and resilience.

Since joining the World Bank in 1984, Mr. Prouvost has held positions across the finance and risk functions, including CFO of MIGA, Finance Manager for Development Finance, and Financial Representative in Europe. He also worked in a variety of roles in the institution’s Treasury and served as Senior Adviser to three World Bank Group CFOs. He began his professional career at Banque Paribas (now BNP Paribas) and served as a Reserve Officer with the French Navy.

Mr. Prouvost holds an MBA (with distinction) from the Wharton School, a Master’s degree in economics and statistics from ENSAE Paris (one of the French “grandes écoles”), and a Master of Advanced Studies in economics and finance from Paris Dauphine-PSL University.

In his personal time, Mr. Prouvost serves as the President of the Board of Alliance Française of Washington DC (voted “best Arts & Culture Non-Profit” in DC in both 2019 and 2020), as a member of the Mid-Atlantic Regional Board of UNICEF USA, and as a member of the Academic Advisory Board of the Global Business School Network.

Nags Sankaranarayanan

Chief Operating Officer and Chief Financial Officer

Nomura

Nagarajan (Nags) Sankaranarayanan is Chief Financial and Administrative Officer for Asia ex-Japan currently based in Singapore. He has regional responsibility for over 600 professionals across 12 countries, overseeing Operations, IT, Finance, Corporate Real Estate and Services, Data Management and Security, Corporate Transformation and Fin-Tech projects as well as Business Continuity Management. He also sits on the board of various Nomura’s companies.

Nags has 25 plus years of work experience in various leadership roles across both business and broad corporate/support areas in investment banks and start-up hedge fund. Prior to joining Nomura, he worked at Goldman Sachs, LionRock Capital (hedge fund) and JP Morgan in capacities as Equity Sales Trader, COO, and in the CFO office. Nags also has extensive experience in setting up and managing businesses, M&A, risk management, business strategy, global project and cost management programs, offshoring and managing large teams. Over his career, he has lived and worked across multiple Asian countries, including India, Japan, Hong Kong and Singapore.

Nags is also passionate about technology and finance, as well as a keen supporter of entrepreneurship. He has invested in and actively advises and mentors technology and finance-related startups.

Nags holds an MBA from The University of Chicago Booth School of Business, is a qualified Chartered Accountant and a Cost Accountant and holds a Bachelor of Commerce degree.

David Sharratt

Global head data product monetization

Standard Chartered Bank

David has unique experience spanning the full trade lifecycle, execution to ledger. An experienced C-suite executive, David has significant exposure reporting to and working alongside CEOs and other C-suite focusing on strategic direction and operation of firms.

His geographic experience spans London, New York, Hong Kong, Singapore, Moscow and Johannesburg having held senior executive positions in ask these locations. His experience spans established and emerging markets.

Currently based in Singapore he is looking at opportunities to work with businesses focused on growth and geographical expansion where his strategy and build experience can be leveraged.

Philip Woo

CRO

Tokio Marine Life Insurance Singapore

Philip Woo is the Chief Risk Officer and oversees corporate governance and risk management in Tokio Marine Life Insurance Singapore (TMLS). He has over 26 years of experience in the financial sector, and began his career at MAS before joining the insurance industry. Over the period, he has played leadership roles in Enterprise Risk Management (ERM), Business Continuity & Crisis Management, Outsourcing/Vendor Risk Management and Technology Risk Management (TRM). He currently chairs the Governance, Risk and Compliance Committee (GRCC) at TMLS, and oversees the managing of operational, financial and strategic risks in the company. In addition to risk management, Philip has a wealth of experience in strategic planning, financial technology and payment system matters.

10:3510:50

Morning networking break

10:35 - 11:00

10:5011:20

Anti-money laundering: practical compliance and evolving trends
Fireside chat

11:20 - 12:10

  • Digital connectivity and evolving AML solutions under the new regulation 

  • How can FinTech companies learn from traditional players on the operating models and compliance strategies  

  • Navigating regulatory changes and the holistic GRC strategies 

Rashmi Dubier

Managing Director, APAC Head of AML

MUFG Bank

Michael Gibbs

CEO

Surestep

Michael is the Founder and President of SureStep – a global systems integrator specializing in GRC automation and reporting solutions.

Since 2007, SureStep has successfully completed projects across finance, manufacturing, transportation, natural resource and other industries. Those clients have ranged from 2-person risk and compliance teams to those having over 65,000 participants in their GRC programs. As the practice lead at SureStep, Mike guides clients to best practices and ensures they optimize their GRC technology investments for the long term.

SureStep provides solutions from ServiceNow, Workiva and IBM as well as GRC managed services. Mike’s team works from offices in Hong Kong and Singapore in addition to their New York and Toronto locations.

11:2011:50

Quantifying climate risk: from risk mitigation to competitive advantage

12:10 - 12:40

  • ESG & climate risk as part of the risk management framework 
  • Striking the right balance and managing challenges 
  • Incorporating ESG & climate risk into the credit risk models 
Yasman Moghaddam

Industry Practice Lead, ESG & Climate Risk

Moody’s Analytics

Yasman is a SME within the Moody’s risk and finance analytics practice. Since joining Moody’s in 2018, she has been focusing on areas including Stress Testing, IFRS 9 and Climate Change. She has over 10 years of experience in the Enterprise Risk Management space and has been supporting Financial Institutions including Banks, Regulators, Insurance and Investment companies with a range of risk management solutions and approaches.  Prior to joining Moody’s, Yasman was working as part of a leading consultancy practice in the region in the area of risk management.

11:5012:20

Managing complexities of compliance

11:45 - 12:10

  • Regulatory requirements as a driving force for transforming the compliance function 
  • How to connect regulatory requirements to risk management, control and compliance processes 
  • Practical considerations in using data and advanced analytics in identifying compliance pitfalls 
  • Evaluating efficiency gain and cost benefits in using a structured and well-managed regulatory compliance system 
Michael Go

CEO

Sydney Stock Exchange

Michael Go is currently the CEO of the Sydney Stock Exchange and has broad experience working in the international financial markets. He is familiar with the challenges and opportunities presented by Australia’s financial services and the changing technology and business models having been involved in start-ups and high growth businesses challenging traditional models.

Prior to SSX, Michael was Head of Trading, Asia Pacific for Thomson Reuters, having previously held Global Managing Director and C-Suite roles overseeing the Operating and Growth strategies of major Global and Domestic Banks with responsibility for developed and emerging markets internationally.

Michael is also involved in several start-ups in the Digital, Financial, Clean Energy, Payments, Agricultural Technology and Fund segments. Support and development of the next generation of financial services is a key focus.

Steve Thurley

Managing Director - Asia Pacific

Galvanize

Steve Thurley is currently the Managing Director of Galvanize Asia Pacific and has extensive experience working in the international financial markets and Asian Organisations in the region. His experience has provided him with hindsight into the challenges and growth required by the Financial and Corporate organisations across the Asia Pacific region. He has been involved in providing new technologies and designing business models for this companies and has been involved in start-ups and high growth businesses which challenge traditional models introducing change across the corporation. Prior to Galvanize, Steve headed up several other roles in software organisations including Thomson Reuters and Wolters Kluwer, managing the growth strategies of both leading international and domestic organisations with responsibility for developed and emerging markets in the region.

12:2012:50

Out-of-industry: How in the world does NASA manage their risks?
Guest speaker

16:10 - 16:40

  • Summary of major NASA programs & risks
  • Risk case studies and framework. What makes the right framework for best practices in operational risk
  • Processes and Latest Tools NASA uses to identify and manage risks
  • Best practices and lessons learnt from risk management today
Jeevan Perera

Senior engineer

NASA

Jeevan Perera is currently the risk manager for the Orion space vehicle. The Orion is NASA's new spacecraft which will replace the Space Shuttle, service the International Space Station, and then return astronauts to the moon and eventually mount expeditions to Mars.  Perera has been with NASA for 20 years. In his current capacity, he is responsible for risk management policies, processes and analytical tools that ensure the successful deployment and operations of this new spacecraft. Perera oversees both quantitative and qualitative risk analysis processes and provides technical direction to a team of risk analysts. Formerly as the International Space Station risk manager, he designed, developed, implemented and improved the program's risk management processes through a phased, systematic approach setting the standard for NASA’s risk practice. Prior to his work in risk management, Perera has worked in different technical fields in support of many NASA programs and projects. These duties have included management responsibility for versions of the primary and back-up flight software for the Space Shuttle and development responsibility for other software used aboard Space Shuttle and International Space Station missions. 

Perera has been a member of the board of trustees for a local homeowners association, has provided legal advice to the United Space School, a foundation for international space education that brings student from around the world for focused classes on space related disciplines. He often presents on space topics at schools, universities, public events and international conferences. Perera has both a Jurisprudence Doctorate (law) and a PhD in Industrial Engineering.

12:5012:50

Virtual day two ends

12:10 - 12:11

09:0009:05

09:0509:45

The current state of Asia’s clearing and futures market
Panel discussion

10:40 - 11:20

  • Impact of the Global Crisis on CCPs, clearing members, and clients 

  • Margin methodology and liquidity considerations – Sudden increases in margins added to the risk waterfall but at a cost 

  • Longer term impacts of Crisis

Eric Aldous | Moderator

Managing Director, Global Head of Clearing and Futures

RBC Capital Markets

Eric Aldous, CFA and FRM, is a Managing Director and serves as the Global Head of Futures at RBC Capital Markets.  Mr. Aldous joined RBC Capital Markets in 1999 as part of Group Risk Management in Toronto.  In 2001, he transferred to New York as part of the Hedge Fund Trading Risk Team.  In 2002, Mr. Aldous joined to the Due Diligence Team in the Alternative Assets Group, which provides fund linked derivatives and credit to hedge fund portfolios.  From 2009 to 2012, Mr. Aldous, as Head of Front office Risk for Futures and Head of Market Infrastructure Clearing was responsible for the overhaul of RBC’s clearing infrastructure, the development of the futures regulatory strategy and the creation of a comprehensive futures risk program.  In addition to his role at RBC, Eric Aldous also serves as a FIA Board Member and Board Treasurer.

Mr. Aldous has a Bachelor of Commerce from Dalhousie University.

Russell Beattie

Head of Asia Pacific Futures & Options, OTC Clearing and FX Prime Brokerage

Bank of America Merrill Lynch

Russell Beattie is the Director, Head of Asia Pacific Futures & Options, OTC Clearing and FX Prime Brokerage. Russell has 26 years’ experience in listed exchange traded derivatives in APAC. He has lived / worked and been a licensed representative in Hong Kong, Singapore, Japan and Australia.

He has built and coached highly profitable electronic trading / sales trading / origination and clearing teams in Australia, India, Singapore, South Korea, Japan, Hong Kong and Taiwan.

Being a product professional with an extensive marketing / sales background he values his broad based relationships which cover buy-side and sell-side clients across the globe.

In his career he has spent over 15 years as a registered company director, licensed
responsible officer and/or licensed internal control manager across various regional
businesses.

Prior to Joining BAML Hong Kong in January 2015, Russell was the Managing Director, Head of Prime Services Japan and Head of Agency Derivatives Services Distribution (Asia Pacific) for Barclays based in Tokyo. As part of that role he was also a member of the Barclays APAC Prime Services Management Committee.

Russell is an elected board member of the Futures Industry Association of Japan and
continues to participate on several other market advisory committees such as Futures
Industry Association, Asia and the Korean Exchange Derivatives Markets Advisory
Committee.

Russell takes an active interest in mentoring current economics & finance students where he is on the advisory board of the HK Federation of Business students association, Honorary Vice President of the Advisory board of Business Students Union, HKUSTSU and participated as a guest speaker at the College of Business & Economics , ANU, Canberra.

Russell graduated from the Australian National University, Canberra with a Bachelor of
Economics.

Prior to starting in the financial markets on the Sydney Futures Exchange he was granted a commission as a Royal Australian Infantry Officer and qualified as an airborne trooper with the 1st Royal Australian Commando Regiment.

Yujun Lin

Head of Product Management, Equities

SGX

Yujun helms SGX’s award-winning equity derivatives business, which covers 99% of investible Asian GDP. The equity derivatives product suite includes flagship contracts such as the FTSE China A50, Nikkei 225, FTSE Taiwan, Nifty50, and MSCI Singapore futures and options. He was responsible for recent innovations including the Nikkei Total Return futures, the Nikkei 225 options compression service, and the FTSE Taiwan liquidity switch service.

Yujun began his career with SGX in 2006. Since then, he has accumulated experience along the exchange vertical, including market development, membership acquisition, and listed company compliance.

 

Shun Yanagisawa

Head of futures, clearing and FX prime brokerage, Japan

Citigroup Global Markets Japan

Shun Yanagisawa is a Director and the Japan Head of Futures, Clearing and FX Prime Brokerage, which sits within the Markets at Citigroup Global Markets Japan Inc.

In this capacity, he is responsible for managing Futures, OTC Clearing and FX Prime Brokerage business.
Prior to joining Citi, Yanagisawa was responsible for sales and marketing at JPMorgan in Japan for over 11 years.


Approx. 20 years industry experience, Yanagisawa regularly participates in public roundtables and serves for multiple industry groups and help advocate stability for the clearing system in derivatives. Shun is the elected board member, Vice President, ExCo and chairman of Operations committee of FIA Japan, interest rate swap steering committee at JSCC, Wholesale market steering committee of TFX, advisory board member of Risk.net ASIA and several working groups member of ISDA. Shun holds an M.B.A. from the University of Wales.  

09:4510:25

Digitally transforming and automating the derivatives market
Panel discussion

13:40 - 14:20

  • Advancing the derivatives market from the previous era and into the future
  • Utilizing big data, AI, and machine learning to automate the trade lifecycle
Blake Evans-Pritchard

Bureau chief, Asia

Risk.net

Blake Evans-Pritchard is bureau chief, Asia, for Risk.net, based in Hong Kong.

Before taking on his current role, he spent five years covering regulatory issues across Asia for Risk.net, including implementation of Basel III and other international standards in regional jurisdictions.

Previously, Blake spent five years in Brussels writing about the European Union’s financial services sector and competition policy, and a number of years as Africa editor for a news service covering post-conflict restitution around the world.

During his 16-year journalistic career, he has also reported from Sudan, Italy, the Netherlands, Ghana and Portugal.

Blake holds a bachelor’s degree in computer science from the University of Aston in Birmingham.

Alex Adranghi

VP, quantitative analyst & front office AI lead

MUFG

Alex Adranghi is a Vice President, Quantitative Analyst and front office AI lead at MUFG. He is a founding member of the MUFG European Innovation Labs. He previously worked at WestLB and Bloomberg. Alex pop has a background in Applied Mathematics and Computer Science.

Daniel Hildebrand

Head of Digital Services, Equities

SGX

Daniel heads SGX’s digital initiatives across cash equity and derivatives. He is driving the development of SGX’s OTC derivatives trade registration and broker-centric trading platform bridging the gap between electronic and OTC markets. He is also driving innovation for cash equity retail customers such as digital corporate actions and electronic payments.

Daniel joined SGX in 2014 after spending almost 10 years in Accenture’s Capital Markets group. Since joining SGX, he worked on several exchange initiatives across trading, clearing, depository services and collateral management as well as in platform sales.

Thibault Reynouard

Technical Solution Architect

Murex

As a Technical Solution Architect, Thibault participates in analyzing needs of financial institutions in Asia Pacific, suggesting the best fit solution, and acting as a two-way communication between the customer needs in term of technology (digitalization, performances, cloud, AI etc.) and the Murex roadmap delivering the evolutions.

Based in Singapore since 2009, Thibault has participated in Murex projects implementations in Singapore, India, Malaysia, Thailand, and Australia for financial market systems managing derivatives trade lifecycles and risks. Then developing presales for connectivity, APIs and batch/real-time data flows. Now in charge of business process customizations and architecture.

Thibault holds a master’s in information technology from Polytech’Tours and a master’s in Management and Business Administration from IAE Tours.

10:2510:40

Morning networking break

10:35 - 11:00

10:4011:10

Why collateral management needs an integrated approach?
Presentation

12:00 - 12:25

  • What are the lessons learnt from previous implementation phases?
  • Implications for IM entities coming into scope
  • Benefits of a fully integrated collateral management model for various collateralization
  • To what extend does an integrated approach minimize costs of collateral?
  • Implementation and infrastructure consideration
  • Other integrated collateral use cases: MC PFE, SA CCR and the benefits of one single collateral/risk platform
Sophie Marnhier-Foy

Global head of product marketing

Adenza

Sophie Marnhier Foy is the Global head of product marketing at Adenza.

Alan Sheehan

Director, Product Management - Collateral Management & Securities Finance

Calypso

Alan Sheehan is the Director of Product Management for Calypso’s Collateral Management and Securities Finance solution.  He has over 30 years’ experience in the Securities industry, gained from working for some of Europe’s largest Investment Banks. 

Alan has worked for Calypso for 14 years where he has been responsible for building Calypso’s Collateral Management and Securities Finance solutions from their inception. 

Prior to joining Calypso, Alan worked for Dresdner Bank in a number of senior operational roles including being the Global Head of Corporate Actions. His last role at Dresdner Bank was Project Managing the implementation of Calypso for Securities Financing. 

11:1011:50

Operations techniques for collateral management
Panel discussion

11:20 - 12:00

  • What challenges do you see with valuations?

  • What is the impact of UMR? 

  • What innovative technology tools do you expect to take hold? 

  • What does the future of collateral management look like? 

Sylvie Davidson | Moderator

Former Managing Director, Chief Risk Officer

UBS

Sylvie Davidson is a principal partner in YourBoard,a board advisory business.She wasmost recentlyCROfor the Asia Pacific Region andManaging Director at UBS AG. As CRO she had risk oversight for Wealth Management, Investment Banking and Asset Management activities,providing independent oversight on risk, including control and governance frameworks.Sylvie has worked in Asia since 1994 and has over 29 years’ experience in thefinanceindustry. Prior to joining UBS, she was COO for the equities business in Asia at Barclays Capital, supporting the business in achieving its strategic goals at a regional and divisional level. Before Barclays Sylvie held senior roles at Standard Chartered Bank, first in structuring investor products and then in Equity Financing. Prior to that she was at Merrill Lynchfor 18 yearswhere she started as trader in equity derivatives, then moved on to sales and marketing of equity derivatives, built the valuation risk management team and laterreturned to the business creating innovative product and platforms for Equities and Equity Derivatives. Sylvie has extensive experience in risk management, COO, trading, sales, structuring and project management across asset classes working for major banks in Switzerland, London and Hong Kong.

Joe Midmore

Chief Commercial Officer

OpenGamma

Anthony O’Connor

Director, Derivatives and Middle Office Product

HSBC Securities Services

Anthony has over 20 years’ experience in financial services and joined HSBC Securities Services in Dublin in 2006 as an Equity Pricing Specialist. In 2011 he moved into the role of Global Product Manager - OTC Derivative Pricing. His responsibilities in this role include product strategy, regulatory oversight, operating model design and automation of valuation processes. Prior to joining HSBC Anthony was responsible for equity derivative product control at Dresdner Kleinwort in New York. Anthony is based in Hong Kong since 2015 now focusing on listed and OTC derivative solutions for clients across the full trade lifecycle including valuation / model governance and collateral management.

Sage Patel

Managing director

S&P Global Market Intelligence

Sage Patel joined IHS Markit (Markit Asia) in March 2011. Before joining IHS Markit, Sage was responsible for Pricing and Valuations at Fitch Solutions. Sage has extensive product and commercial leadership responsibilities across fixed income, derivatives, and structured credit and at tier-one investment banks, starting at Salomon Brothers, Citigroup Global Markets, Bank of America N.A and RBC Capital Markets across London, New York, and Toronto.

Sage has been driving IHS Markit's (now S&P Global Market Intelligence) continued expansion into Asia-Pacific capital markets which will continue to provide optimized solutions and best practices for market reforms adoptions in an ever-changing regulatory landscape in Asia.

11:5012:05

Networking break

11:50 - 12:05

12:0512:35

Factoring ESG in Credit Risk Analysis
Presentation

14:20 - 14:50

  • Climate Risk adjusted ratio’s for credit analytics and models 

  • Fundamental analysis of ESG into credit analytics models 

Paul Bishop

Director, Credit Analytics

S&P GLOBAL MARKET INTELLIGENCE

Based in Singapore, Paul is the lead for Credit Analytics products in APAC. He has experience as a Product Manager in the credit and counterparty risk space, and was previously the Product Manager for ratings and credit content in EMEA, based in London. Prior to this, Paul focused on market strategy, covering Investment and Commercial Banks, private equity and credit markets. Before working at S&P Global, he was a private equity analyst, concentrating on the infrastructure asset class.

12:3513:15

ESG & Positive Impact Investing
Panel discussion

14:30 - 15:10

  • Innovation in sustainable investment products
  • From thematic strategies to positive Impact Investments
Eric Nietsch | Moderator

Head of ESG Research & Integration Asia

Manulife Investment Management

Based in Singapore, Eric is responsible for setting the ESG research, integration, and active ownership agenda in Asia. In his role, Eric conducts proprietary research to identify and manage investment risks and opportunities related to the sustainability strategies of companies in the region. Eric also works with Asian based portfolio managers on evaluating ESG exposures at a portfolio level. He collaborates with the ESG team on methodologies for product development and represents Manulife IM’s ESG capabilities among the local investment community..

Prior to joining Manulife Investment Management, Eric led the Sustainable Finance initiatives for Asia-Pacific at S&P Global where he helped to develop and launch the ESG Evaluation Framework.  He worked closely with analysts across the region to evaluate ESG exposures in corporate and infrastructure entities. Before joining the Sustainable Finance team, he covered various sectors as a credit ratings analyst at S&P in both the United States and Asia. Preceding S&P, Eric worked on an equity portfolio at Barclay’s PLC in New York, and on the special situations desk of the boutique investment bank StormHarbour Partners LP.

Eric holds a Bachelor of Arts in psychology from Colgate University. He is a CFA charterholder and a member of the CFA Society of Singapore.

John Lau

Executive director, head of regional wealth management treasury, sustainability lead

United Overseas Bank

A wealth management practitioner and financial market professional, John has more than 20 years of experience spanning across multiple asset classes as well as client segments.

As a builder of successful businesses be it in Singapore, Malaysia and the region; John has an in depth understanding of how potentially complex financial markets product can be made simple and accessible to suitable retail, affluent and SME clients.

Leading multiple teams of wealth management experts, John is currently managing the Wealth Management Treasury business for UOB’s Personal Financial Services Division. His portfolio includes product management, solution advisory, sales specialists and treasury dealing which is critical to the value chain of UOB’s treasury business.

From Foreign Exchange, Equity, Interest Rate, Commodity, Fixed Income to Structured Products; it is John’s passion to connect client’s wealth planning needs with the intricacies of financial markets by partnering with best in class providers, investing in highly experienced wealth specialists and making the complex simple for our clients to understand and access as investment solutions.

John is also highly involved in Singapore’s sustainability industry developments especially when it comes to sustainable investing; to which he has help launched UOB’s award winning Sustainable Investing program for its wealth management clients. He has also contributed to Singapore’s first Green Finance Handbook as part of MAS’s Green Finance Industry Taskforce initiative.

On top of his Wealth Management capacity, John is also the Sustainability Lead for Group Personal Financial Services; supporting the bank’s aspiration to be the leading bank in ASEAN promoting sustainable living, payments and investments for our consumer bank clients.  

Bruno Neukirch

Head of Fund and ESG solutions

Societe Generale

Bruno Neukirch is currently Head of Fund and ESG solutions.

His role is to organise and promote the Societe Generale Fund linked product offering in Asia.

The main objective is to provide access to Societe Generale clients to Investment Strategies and Thematics through funds, including ESG funds.

Bruno NEUKIRCH joined the Societe Generale Group in 2000. He has started his career as portfolio manager within Lyxor Alternative Investment team and then joined the Societe Generale Financial Engineering team in 2004.

He has held different senior positions in Paris, Tokyo and Hong Kong, notably being in charge of the pricing team on Funds and Societe Generale Indices in Paris and more recently heading Lyxor Structuring team for Asia.

Manish Singhai

Former chief investment officer

Manish Singhai is a seasoned investor, having joined the industry in 1993. Since 2003, he has held Asian CIO and CEO roles at global asset managers AllianceBernstein, Aviva Investors, Lazard AM, and Tokio Marine AM.

Manish is an early thought leader in the ESG space, and an active proponent of DEI. At AllianceBernstein as early as in 2000, he pioneered an inhouse Corporate Governance (CG) assessment framework, much before CG and SRI eventually morphed into ESG. In all investment processes he has since designed and led, he has ensured that ESG considerations are central but, in a pragmatic, and not pedantic manner.

Manish has also engaged continuously with corporate managements on ESG issues over more than two decades. In the early 2000s, he worked closely with a Korea University think-tank and other institutional investors to get truly independent directors elected to the boards of leading Korean corporates.

Manish was a member of the Equity Advisory Group, International Institute of Finance, Inc., and a leader/member of their Corporate Governance Task Forces on Indonesia, Malaysia, China and India. He has presented white-papers on ESG-related topics at prestigious forums such as the Fourth OECD roundtable in Asia and the Council of Institutional Investors (cii.org) plenary session in Washington DC. Very recently, Manish has created https://esg-matters.today to post periodic thought pieces on the E, S and G challenges encountered as an investor, and as a repository of ESG resources

Manish holds a B Tech from Indian Institute of Technology Delhi, an MBA Indian Institute of Management (IIM) Calcutta, and is a CFA charterholder.

Suchitra Subramanian

ESG Product Lead, Equities

SGX

Suchitra leads the development of ESG linked equities products at SGX. She is a part of SGX’s equities business and is currently driving new products innovation in the derivatives business. Most recently, she was responsible for the launch of Asia’s first international REIT sector futures and the FTSE Net Total Return Index series.

Suchitra joined SGX in 2019. Prior to this, Suchitra spent over 10 years in the Equity and Funds Solutions Group at Barclays, London across trading and structuring roles.

13:1513:15

Virtual day three ends

16:50 - 16:51

09:0009:05

Registration

08:00 - 08:55

09:0509:45

Machine learning for asset managers
Keynote speech

09:30 - 10:00

Marcos López de Prado

Co-Founder & chief investment officer

True Positive Technologies

Prof. Marcos López de Prado is the CIO of True Positive Technologies (TPT), and Professor of Practice at Cornell University’s School of Engineering. He has over 20 years of experience developing investment strategies with the help of machine learning algorithms and supercomputers. Marcos launched TPT after he sold some of his patents to AQR Capital Management, where he was a principal and AQR’s first head of machine learning. TPT is currently engaged by clients with a combined AUM in excess of $1 trillion. Marcos also founded and led Guggenheim Partners’ Quantitative Investment Strategies business, where he managed up to $13 billion in assets, and delivered an audited risk-adjusted return (information ratio) of 2.3.

Concurrently with the management of investments, since 2011 Marcos has been a research fellow at Lawrence Berkeley National Laboratory (U.S. Department of Energy, Office of Science). He has published dozens of scientific articles on machine learning and supercomputing in the leading academic journals, is a founding co-editor of The Journal of Financial Data Science, has testified before the U.S. Congress on AI policy, and SSRN ranks him as the most-read author in economics. Marcos is the author of several graduate textbooks, including Advances in Financial Machine Learning (Wiley, 2018) and Machine Learning for Asset Managers (Cambridge University Press, 2020).

Marcos earned a PhD in financial economics (2003), a second PhD in mathematical finance (2011) from Universidad Complutense de Madrid, and is a recipient of Spain's National Award for Academic Excellence (1999). He completed his post-doctoral research at Harvard University and Cornell University, where he is a faculty member. Marcos has an Erdős #2 according to the American Mathematical Society, and in 2019, he received the ‘Quant of the Year Award’ from The Journal of Portfolio Management.

09:4510:25

Understanding the different approaches to IBOR & modeling
Panel discussion

10:00 - 10:40

  • The Dynamic modeling of SOFR
  • Alternatives to implied volatility
  • IBOR fallbacks and quantitate finance
Sebastien Hitier | Moderator

Global head of credit quantitative modelling

BNP Paribas

Sebastien Hitier is the global head of credit quantitative modelling at BNP Paribas.

Since 2006, he creates models for the pricing, risk management and relative value of financial instruments and the development of the infrastructure required to provide such services.

Prior to this, he did similar work for JPMorgan. Sebastien studied applied mathematics at Ecole Centrale Paris.

George Hong

Head of platform and quants

Credit Suisse

George Hong is head of platform and quants at Credit Suisse, based in Hong Kong. He holds an B.A. in Mathematics and a Ph.D. in Mathematical Finance from Cambridge University.

Liang Wu

Executive director of financial engineering and product management

Numerix LLC

Liang Wu is an Executive Director of Financial Engineering and heads up CrossAsset Product Management at Numerix. Wu has previously served as VP of Financial Engineering in the Client Solution Group at Numerix. Before joining Numerix in 2015, he worked at CME Group and HSBC in Pricing and Valuation, and Model Review roles. He holds an MSc degree in Financial Engineering from Columbia University, an MSc degree in Space Physics from Rice University and a BSc degree in Geophysics from University of Science and Technology of China.

10:2510:40

Morning networking break

10:35 - 11:00

10:4011:05

ESG and Sentiment Data with Machine Learning to Improve Volatility Forecasting Models
Presentation

11:15 - 11:30

  • Building alternative data indicators of Sentiment & ESG based on Natural Language Processing on news, blogs, social discussions
  • Forecasting the STOXX600’s least & most volatile stocks
  • Leveraging these technologies to:
    • Build quantitative strategies
    • Provide quantitative and discretionary ESG insights as alerts and scores
Sylvain Forté

CEO

SESAMm

Sylvain is the co-founder and CEO of SESAMm, an innovative fintech company specializing in big data and artificial intelligence for investment.
Its team builds analytics and investment signals by analyzing billions of web articles and messages using natural language processing and machine learning, the core technologies behind SESAMm products TextReveal and SignalReveal.
Holding a double degree in engineering made in France and Germany, Sylvain's passion for artificial intelligence and finance led him to create SESAMm in 2014.
The company has offices in Paris, New York, Tokyo, and Tunis and works with major hedge funds, banks, and asset management clients around the world for both fundamental and quantitative use cases.

Damien Vergnaud

Quantitative Analyst

LFIS

Damien joined LFIS in December 2019 as a quantitative analyst. He’s in charge of the development of LFIS quantitative ESG strategies.

Previously, he worked for 5 years within the financial engineering of La Française Global Investments where he was responsible for structured product pricing.

Damien started his career in 2012 at BNP Paribas in the credit derivatives desk and at Exane as assistant trader on equity indices. Damien graduated from Ecole des Mines de Paris.

11:0511:30

Managing model risk in time of crisis
Presentation

10:55 - 11:15

Financial institutions rely on a huge number of analytical models, which are typically constructed under the assumption that the future will follow the pattern history suggests. However, it may not work anymore in a crisis environment. Join our session to explore: 

  • 101 ways a model can fail 

  • What a financial institution can or should do in an environment lack of regulatory enforcement 

  • Current market trends in relation to the governance of 'traditional & non-traditional' models 

  • How senior management buy-in & technology can combine to mitigate the effects of model risk 

Yin Lu

Principal risk advisor (non-financial risk)

SAS

Lu Yin’s primary focus at SAS is on the measurement and management of Non-Financial Risks, such as Model Risk, Operational Risk, and Data Risk to name a few. She has extensive experience working across the ASEAN region gained through working as a Quantitative Analyst at KPMG & Accenture. She’s also previously worked in house at Standard Chartered Bank as a Model Validator (focusing on Market & Liquidity Risks). She holds a PhD in Quantum Physics and is experienced in risk management and quantitative modeling.

11:3014:00

Networking break

11:50 - 12:05

14:0014:40

Basel IV reforms: What’s next for Asia Pacific
Panel discussion

10:40 - 11:20

  • Asia’s current state-of-play: post Covid
  • How do financial institutions prepare to adopt and implement these changes while maintain financial stability
  • Weighting APAC’s specific risk appetite and roadblocks when implementing Basel IV reforms
  • How to evolve the bank’s internal models under regulatory and economic uncertainties
Brendon Seeto | Moderator

Managing Director, Financial Services Asia Pacific

IHS Markit

Brendon Seeto is Managing Director, Asia Pacific for the Financial Services division at IHS Markit. He has over two decades of experience directing high performance teams that provide complex financial technology solutions, consulting and professional services.

Prior to IHS Markit, Brendon was Managing Director at FIS Global operating across capital markets, banking and enterprise payments. He spent several years as a managing consultant, helping corporate executives define and execute strategies to drive profitable growth. Brendon previously served as Managing Director with Moody’s Analytics, responsible for the Asia Pacific business portfolio of research products and technologies. During the 2008-09 Financial Crisis, he managed a global team based in New York responsible for market strategy and development of structured finance valuation and advisory services.

Brendon has an investments background covering global derivatives and listed instruments. He is a published author in financial markets trading and psychology and holds a Bachelor of Commerce and a Bachelor of Arts in Psychology from the University of Queensland, Australia.

Frankie Phua

Managing Director, Head of Group Risk Management

UOB

Frankie Phua is the Managing Director and Head of Group Risk Management at UOB. In this role, he oversees all risk management matters for UOB Group including credit risk, market risk, balance sheet risk, operational risk, fraud, product control and model validation.

Prior to joining UOB Risk Management, Frankie spent more than 10 years as a corporate and investment banker at international banks.

Over the past 19 years in his career with UOB, Frankie has developed expertise in areas such as credit risk modelling, counterparty credit risk, economic capital, stress testing, credit portfolio optimization and country risk management. From 2004 to 2006, he was the Basel II Project Coordinator for UOB, where he led the Group’s Basel II Internal Rating-Based implementation and obtaining approval from the Monetary Authority of Singapore (MAS) to adopt the Internal Rating-Based Approach (IRBA) for credit risk with effect from 1 Jan 2008.

Frankie, a seasoned credit risk practitioner, is an active contributor to the risk management community. Currently he is Chairman and a Director of the Board of the Singapore Chapter of the Risk Management Association ("RMA"), an organization associated with RMA USA. He is currently appointed by Risk Management Institute (“RMI”), National University of Singapore ("NUS") as a lecturer for the Specialist Diploma course in Credit Risk Management – Corporate Banking. He is also regularly engaged by NUS RMI to teach customized risk management courses specially tailored to clients' needs.

Frankie is a frequent speaker and shares his perspectives and experiences at various international risk management conferences such as those organized by RiskMinds – the world's largest risk management conference, the International Swaps and Derivatives Association, the International Association of Credit Portfolio Managers (IACPM) and NUS RMI. Regionally, Frankie has also conducted credit risk training for banks in Cambodia, China, Hong Kong, Laos, Myanmar, Taiwan and Vietnam.

Frankie was conferred the IBF Fellow Award in Risk Management. The "IBF Fellow" is an industry veteran recognized for mastery and leadership in his profession, and commitment to industry development.

Jerome Mornet

Regional Head of Risk Analytics

HSBC

Jerome Mornet is Regional Head of Global Risk Analytics, Asia Pacific (GRA ASP) in HSBC’s Risk Department in Hong Kong. Mr Mornet is responsible for the credit risk models covering Wholesale portfolios for regulatory capital, stress testing and IFRS9, Market and Counterparty Credit Risk models, Financial Crime Risk models for HSBC Asia Pacific.

Prior to his current role in HSBC, Mr Mornet was responsible for the Credit Risk models for ANZ Group and also worked for various large international companies including , ING and Accenture. Mr Mornet holds a master of computer science and a master of business administration.

Yuji Nakata

Senior Advisor

Nomura Institute of Capital Market Research and Nomura Securities Co.

Senior Advisor of Nomura Institute of Capital Market Research and Nomura Securities Co. Nakata previously served in various senior management roles including the Head of Global Markets in Europe and the COO in Asia region.

14:4015:20

Trends and opportunities within clearing and collateral management in Asia Pacific

15:00 - 15:40

Hai Jade Fuan

Executive director, head of product commercialisation, financing and securities services

Standard Chartered Bank

Noel Carlin

Head of repo trading & collateral optimisation

ANZ Bank

Noel is the Global Head of Repo Trading and Collateral Optimisation (XVA) within the Markets Division of Australia and New Zealand Banking Group (ANZ) based in Singapore.

With 20 years experience in trading across a number of asset classes including Repo, Bonds, Derivatives and FX, he is currently responsible for a team managing Repo Trading across markets in Australia, Asia, Europe and America. He is also responsible for managing and optimizing the bank’s global collateral across bilateral, centrally cleared and exchange margin.

Prior to joining ANZ in Singapore, Noel previously worked for a European Bank based in Dublin and London. There he had a number of roles mostly as a Derivative Trader with a focus on structured derivatives as well as Asset Liability Management.

Noel holds a PhD in Theoretical & Computational Physics from Queens University Belfast with several published papers. Prior to this Noel also obtained a Master’s Degree in Mathematics from Queen’s and more recently completed another Masters in Applied Finance  at SMU in Singapore.

Keeve Tan

Managing director, Greater China and North Asia

Bank of Singapore

Keeve has been with OCBC since 2018 and is currently the Managing Director, Greater China and North Asia at Bank of Singapore.

Prior to his appointment at Bank of Singapore - the Private Banking arm of OCBC group, Keeve was Head of Futures, FX & CFD for OCBC Securities. There he looked after about 40 people over the three business lines, where he oversaw the growth and development of the cleared Futures, OTC FX and Contract for Differences (CFD) businesses.

Prior to joining OCBC, he was the Director of Sales at UOB Global Markets, looking after the global Business Development of listed derivatives and OTC clearing for UOB. Keeve was before that, a trader in proprietary trading firms, heading market-making desks and algorithmic trading desks. His buy-side experience coupled with his current role in the sell-side gives him a wholesome view of the industry and its developments.

Keeve is married and has a daughter. He holds a BSc with honors from the Nanyang Technological University (NTU) and graduated with an MBA on the Dean's List from the Singapore Management University (SMU). He has completed his Executive Education at INSEAD and most recently obtained a MSc of Wealth Management (Dean’s List) from the Singapore Management University (SMU).

15:2015:35

Afternoon networking break

15:05 - 15:35

15:3516:05

FRTB: risk & valuations – The data challenge
Fireside chat

11:20 - 12:00

  • A closer look at the new FRTB rules and data concerns imposed
  • How to revamp data infrastructure and lay a solid foundation with internal and external data?
  • Standardising and aligning data sets across front office, finance and risk
  • Real-life case study: How to map out a healthy data cycle
Oliwia Kozlowska | Moderator

Executive Director, Market Risk Change & FRTB, Market Risk Control

UBS

Oliwia Kozlowska is the Market Risk Change and FRTB Lead for Market Risk Control (MRC) team in UBS. In her role, she drives MRC work related to various change initiatives and the implementation of FRTB rules, and is the Market Risk SME within the Bank's global FRTB programme. Prior to her current position, Oliwia spent 10 years in model validation and risk roles. Oliwia holds a PhD in Mathematical Finance from Birkbeck College, University of London.

Murat Bozdemir

EMEA and APAC Head of Regulatory and Reference Data Solutions

Bloomberg

Murat heads Bloomberg's EMEA and APAC product development for Reference and Regulatory & Accounting Enterprise data solutions. He interacts with clients and regulators, identifying key challenges and supporting the development of new data sets. Murat has 16 years of risk management and compliance experience covering sell and buy side markets. Before joining Bloomberg, Murat worked as a Director at KPMG, advising clients in risk control, capital management, compliance and accounting.

Albert Chung

Global Head of Market Risk Analytics

Standard Chartered Bank

Albert Chung is the Global Head of Market Risk Analytics team in Standard Chartered, based in Singapore. He is responsible for market risk measurement methodologies (including VaR/ES, RniV, Economic Capital), governance of market risk models and FRTB model development. Albert has over 10 years of experience in market risk management and modelling across Asia. He has a PhD and Bachelor (1st honours) in Engineering from the University of New South Wales, Australia.

16:0516:45

Managing liquidity risk in the COVID-impacted market
Panel discussion

12:00 - 12:40

  • The enhancing liquidity risk reporting and stress testing framework under global pandemic risk and disturbance
  • Real-life barriers in measuring intraday liquidity risk
  • Under new stress scenarios: What to expect from smart analytics and IT infrastructure
Jay Wolstenholme I Moderator

Research director

Chartis

Having joined Chartis in July 2020, Jay’s primary focus is to lead and build-out our offerings for the buy-side, both in asset management and wealth management. Buy-side is a focused area of Chartis’s expansion and we are delighted to have Jay leading this area which is increasingly important for both our clients and the industry in general. Jay was most recently a Senior Principal at Finastra. Prior to this he spent 4 years as a Senior Analyst at Celent, 4 years as the Director of Capital Markets at HP, 5 years as a Research Director at Gartner and his first 8 years in industry as a Group Manager in fixed income IT at UBS.

Jay holds a BFA from Cooper Union, a BA from Saint Lawrence University and an MBA in Finance from NYU Stern School of Business. Additionally, Jay is Series 7 certified with FINRA.


 

Vishal Kapoor

Executive Director, Head of Group Finance Audit and Risk Audit

DBS Bank

Vishal Kapoor has 23 years’ experience in strategic planning, risk management, and capital planning advisory. He is currently heading the audit teams for Risk and Finance in DBS at the Group level. He has spent time in auditing, banking and consulting. His projects include reviewing ICAAP/ liquidity risk for 3 consecutive years for a major Singapore-based bank, and reporting the results to the board and the regulator. He addressed stress testing issues at an enterprise-wide level, set risk governance for banks in China and Singapore, conducted programme reviews for Basel II and provided over 700 hours ICAAP/ Basel III/ liquidity training to senior management and the board of various banks. Previously, he held key positions with JP Morgan, Standard Chartered, Deutsche Bank, and Credit Suisse.  He holds an MBA from Chicago Booth School of Business and is a Chartered Accountant.

Amol Padhye

Head of Market Risk

HDFC Bank

Amol Padhye has 17+ years of strong experience in Treasury and Risk Management across Indian Banks, Foreign Banks and Risk Consulting space. He is an active speaker at various conferences across Asia focusing on Treasury and Risk Management.

Amol currently Heads Market Risk function at HDFC Bank where the role evolves around managing Trading Book Risk, Banking Book Risk, Liquidity Risk, Counterparty Credit Risk and Bank Credit Assessment in addition to supporting ICAAP, Group Risk and Country Risk Frameworks. Prior this this, worked as Director within Financial Services Risk Management practice of Ernst & Young LLP and led the practice for Treasury, Market & Liquidity Risk, ALM/ FTP advisory. Before EY, worked with BNP Paribas-India as Associate Director and Head Risk-Investment & Markets where the role covered setting up and running Market & Liquidity Risk function and engage with senior management in India.

Bram van den Bergh

Head of Asset and Liability Management for Asia Pacific

NATIXIS

Bram van den Bergh is Head of Asset and Liability Management for Asia Pacific at Natixis, is based in Hong Kong and joined Natixis in 2017. Bram has over a decade of experience in Treasury and Asset and Liability Management and has an international background having worked in Amsterdam, London and Hong Kong at 4 financial institutions (ABN AMRO, Royal Bank of Scotland, Barclays and now Natixis).

Bram has a background in FX, Interest Rate Risk hedging and Liquidity & Capital Management. He has experience in managing bank balance sheets in Europe and Asia ensuring regulatory compliance and sound, robust and efficient risk management practices. Additionally, Bram has extensive experience in Strategic Restructuring Programmes. He has a Master of Science in Economics & Finance degree from Tilburg University in the Netherlands.

16:4516:45

End of Asia Risk Congress 2020

17:05 - 17:10