europe’s leading global investor services gathering 2… · good big data? sonia maloney coo...

The 26th Annual Forum

Europe’s Leading Global Investor Services Gathering

Main Conference: Tuesday 1 & Wednesday 2 December, 2015

Custodian Selection Workshop: Monday 30 November, 2015

Custody Law Training Course: Thursday 3 & Friday 4 December, 2015

Hilton London Tower Bridge Hotel

Key Industry Speakers Taking Part This Year Include:

Sonia MaloneyCOO

NORREP CAPITAL MANAGEMENT

Alan CameronHead of Relationship

Management, International Banks and Brokers

BNP PARIBAS SECURITIES SERVICES

Dr. Leda GlyptisHead of EMEA Innovation

CentreBNY MELLON

Jürg UngerHead Custody & Vendor

Relationship ManagementSWISS RE

Penelope BiggsHead of Institutional Investor

Group, EMEANORTHERN TRUST

Dr Christopher SierCo-Lead

FINEXUS

www.globalcustodyforum.com Tel: +44 (0) 20 7017 7200 Email: [email protected]


GCF 2015 Partners Contents Partners & Content

Page 3 Editor’s Choice - Fresh Perspectives & New Thinking

Page 4 Custodian Selection Workshop

Page 5 & 6 Main Conference Day One

Page 7 Main Conference Day Two

Page 8 Custody Law Couse

Page 9 Speaker List

Page 10 Client Line-Up and Partner Opportunities

Page 11 Sponsor Profiles

Page 12 Booking Form

Co-Sponsor

Associate Sponsors

Supporting Sponsors Supporting Organisation

3www.globalcustodyforum.com Tel: +44 (0) 20 7017 7200 Email: [email protected]

NEW PERSPECTIVES AND NEW THINKING

The Future Of FinanceNitin Mehta MD – Europe CFA INSITUTE

Disruption, Innovation And FinTech Dr Christopher Sier Co-Lead FINEXUS

Is Custody Affordable And Is Consolidation Upon Us? Dominic Hobson Founder COO CONNECT

Digitilisation - What Is Good Big Data? Sonia Maloney COO NORREP CAPITAL MANAGEMENT


Pre-Conference One Day Workshop The Evaluation, Selection & Monitoring Of Your Custodian

Monday 30 November 2015

09:00 Registration & Coffee

09:30 Workshop Commences

Strategic Issues Facing the Custody Industry• Changing asset allocation• Custody issues: different perspectives• Custodian responses• Commitment

Best Market Practice in Evaluation and Selection• Reviewing existing custody arrangements• Current and future operating models• The benefits of switching custodians• Lessons learnt from client experiences

Planning and Preparing the RFP• Recommend approach for reviewing and appointing global custodian• Benchmarking services against best market practice• Collecting data from the RFP• Due diligence frameworks• Contract and service level agreement• DIY or use external specialist• Preparing the RFP

Short-listing Candidates Through Detailed Analysis• Key criteria for evaluating custodians• Consolidating the responses for comparative analysis• RFP scoring methodology• Analysis of responses• Assessing the quality of systems and communication responses• Fees

Making the Decision• The implementation process• Due diligence framework• Contracts and service level agreements• Assessing the risks

Performance Monitoring and Custodian Ratings• Managing the custodial relationships• Performance measurement • Private custody ratings and custodian monitoring• Understanding your capital market infrastructure risk

17:00 Final Q&A and Workshop Closes

Led by

Thomas Murray IDS reserve the right of admission to this workshop which is only open to asset management and pension fund groups.


Main Conference Day One Tuesday 1 December 2015

Sonia MaloneyCOO

NORREP CAPITAL MANAGEMENT

Mark SchoenGlobal Investor

Solutions LeaderBNP PARIBAS SECURITIES SERVICES

Penelope BiggsHead of Institutional

Investor Group, EMEA

NORTHERN TRUST

08:45 Registration & Coffee

09:20 Chairman’s Opening Remarks Simon ThomasCEOTHOMAS MURRAY INVESTOR DATA SERVICES

09:30 Keynote Address: Is Custody Affordable And Is Consolidation Upon Us? Dominic Hobson, FounderCOO CONNECT

10:10 The Emerging Custody Landscape: Evolution or Revolution? Penelope BiggsHead of Institutional Investor Group EMEA NORTHERN TRUST

10:50 Morning Coffee

11:20 How Will The Role Of The Global Custodian Change In The Future? And How Will Its Servicing Of Pension Funds And Asset Managers Change?

Kyle Ringrose, Head of Investment OperationsQSUPERSonia Maloney, COONORREP CAPITAL MANAGEMENTMark Schoen, Global Investor Solutions LeaderBNP PARIBAS SECURITIES SERVICESMurray Preston, Director – Global Provider StrategyBLACKROCK

12:10 Guest Speaker: The Future Of Finance Nitin Mehta, MD – Europe, CFA INSITUTE

12:50 Lunch & Special Focus Roundtables

Custodian Selection FinTech Outsourcing T2S

Stream A: Strategy, New Product Developments & Value Added Services For Asset Managers and Pension Funds

Stream B: Clearing & Settlement And Operations

14:20 Digitilisation - What Is Good Big Data? And How Can It Be Turned Into A Value Added Service For Clients?

T2S Update – Lessons Learnt And Preparing For The 2nd Wave

Sonia MaloneyCOONORREP CAPITAL MANAGEMENT

Dr. Leda GlyptisHead of EMEA Innovation CentreBNY MELLON

Tony Russell DirectorCOMMERZBANK

Dominic Hobson FounderCOO CONNECT

Alan Cameron, Head of Relationship Management, International Banks and BrokersBNP PARIBAS SECURITIES SERVICESDirk Pullman, Directorate General Payment Systems and Market Infrastructure, EUROPEAN CENTRAL BANK

Jane Levi, Director SILPHIUM CONSULTING LTD

Iwona Sroka, President & CEO KDPW and KDPW_CCP

Guido Wille, Executive Vice President, Head of Market Development, CLEARSTREAM


Stream A: Strategy, New Product Developments & Value Added Services For Asset Managers and Pension Funds

Stream B: Clearing & Settlement And Operations

15:00Time For Innovation Or Is Status Quo Enough?Jürg UngerHead Custody & Vendor Relationship ManagementSWISS RE

Regulatory Roundup: EMIR, MiFID, MIFIR, AIFMD, UCITS V – What Are Custodial Liabilities And Obligations Now?

Paul NorthHead of Product Management EMEABNY MELLON

15:25 Latest Developments In Collateral Management(speaker to be announced)

15:50 Afternoon Tea Afternoon Tea

16:10 Taxation Risk - Role Of Global Custodian(speaker to be announced)

Latest Thinking On Counterparty Risk, Recovery & ResolutionHabib MotaniPartnerCLIFFORD CHANCE

16:40 How Are Regulatory Changes Impacting Beneficial Owners And The Securities Lending Landscape?

Panel: How Will Mandatory Clearing Impact The Custody Business

Sara-Jane Baker Director, Group Network ManagementUBS

Jan M. Heckler, CFAManaging Director; Head Business Services Asset ManagementSWISS RE

Damian CarolanPartnerALLEN & OVERY

Gildas Le TreutGlobal Director Prime Clearing ABN AMRO CLEARING

Stefan KaiserDirector – Securities LendingBLACKROCK

Philip MorganHead of Prime Finance SalesNOMURA

18:00 - 22.00

GCF 2015 Evening Party hosted by

Main Conference Day One Tuesday 1 December 2015

Iwona SrokaPresident & CEO

KDPW and KDPW_CCP

Stefan KaiserDirector – Securities

LendingBLACKROCK

Dr. Leda GlyptisHead of EMEA

Innovation CentreBNY MELLON


Main Conference Day two Wednesday 2 December 2015


09:30 Chairman’s Opening Remarks

09:40 NEW Research In Innovation And FinTech Dr Christopher SierCo-LeadFINEXUS

10:20 Asset Safety In Focus: How Account Holding Structures Can Impact The Safety Of Invested Assets

Nick Bradley Chief Risk Officer THOMAS MURRAY DATA SERVICES

Jim Micklethwaite Director and Head of Capital Market Ratings THOMAS MURRAY DATA SERVICES


11:30 Outsourcing Update – Where Is The Industry Now? Les BealeHead of Global Product & Strategy - Investment Operations OutsourcingNORTHERN TRUST

Tamara Cizeika Senior AssociateALLEN & OVERY

Susan Wright Regulatory & Compliance SpecialistTHE INVESTMENTASSOCIATION

Andrew ButlerHead of Product & Solutions and Co-Head of Asset & Fund Services (AFS)BNP PARIBAS SECURITIES SERVICES

12:20 CHATHAM HOUSE RULE: Exchange Clearing – The Impact And Decisions Pension Plans Really Face

Large Corporate Pension Plan – special guest speaker to be announced on the day

13:00 Lunch

14:00 Special Afternoon Country Focus: How Will Regional Developments Impact The Operations And Global Custody Space?a) Saudi Arabiab) HK/Shanghai/Shenzhen Stock Connectc) Africa

15:40 Chairman’s Closing Remarks

16:00 Close Of GCF 2015

Susan WrightRegulatory &

Compliance SpecialistTHE INVESTMENT

ASSOCIATION

Tamara CizeikaSenior Associate

ALLEN & OVERY

Dr Christopher SierCo-Lead

FINEXTRA


The A-Z of Global Custody Law

Post-Conference Two Day Training Course Thursday 3 December 2015 - Friday 4 December 2015

Day One: Thursday 3 December

09:00 Registration

BACKGROUND• What is a Global Custody Agreement?• What are the general issues that the Agreement has to address?• The effect of foreign laws on sub-custody issues• The use of securities depositories

THE CASH ACCOUNT• Banking law and a banker’s duties• The use of client money accounts• The holding of money outside the jurisdiction• Money held for investment purposes

17:00 Close of Day One

Day Two: Friday 4 December

09:00 Registration

SPECIFIC ISSUES• Money Laundering• Taking Security• Liability and Indemnity• Instructions• Other Issues• Agency Functions• Further Developments in the Custody Service

17:00 Final Q&A

Led by Matthew Baker

Partner BERWIN LEIGHTON PAISNER

Matthew Baker is a partner in the Investment Management

team at international law firm, Berwin Leighton Paisner.

Matt advises on financial and banking regulation under

UK and EU legislation and regulation (such as MiFID

and AIFMD). In particular, he focuses on advising investment

managers and investors on investment management

matters, including investments, custody and administration.

Matt advises on the law and practice relating to global

safekeeping, administration and servicing of financial

instruments (global custody).


SPEAKERS• Sara-Jane Baker

Director UBS

• Matthew Baker Partner Berwin Leighton Paisner LLP

• Les Beale Head of Global Product & Strategy - Investment Operations Outsourcing Northern Trust

• Penelope Biggs Head of Institutional Investor Group, EMEA Northern Trust

• Nick Bradley Chief Risk Officer Thomas Murray Data Services

• Andrew Butler Head of Product & Solutions and Co-Head of Asset & Fund Services (AFS) BNP Paribas Securities Services

• Alan Cameron Head of Relationship Management, International Banks and Brokers BNP Paribas Securities Services

• Damian Carolan Partner Allen & Overy

• Tamara Cizeika Senior Associate Allen & Overy

• Dr. Leda Glyptis Head of EMEA Innovation Centre BNY Mellon

• Jan M. Heckler, CFA Managing Director; Head Business Services Asset Management SWISS RE

• Dominic Hobson Founder COO Connect

• Stefan Kaiser Director - Global Securities Lending BlackRock

• Gildas Le Treut Global Director Prime Clearing ABN AMRO CLEARING

• Jane Levi Director Silphium Consulting

• Sonia Maloney COO Hesperian Capital Management

• Nitin Mehta MD – Europe CFA Institute

• Stephen Merry Director Thomas Murray IDS

• Jim Micklethwaite Director and Head of Capital Market Ratings Thomas Murray Data Services

• Philip Morgan Head of Prime Finance Sales Nomura

• Habib Motani Partner Clifford Chance

• Paul North Head of Product Management EMEA BNY Mellon

• Murray Preston Director - Global Provider Strategy BlackRock

• Dirk Pullman Directorate General Payment Systems European Central Bank

• Kyle Ringrose Head of Investment Operations Qsuper

• Tony Russell Director Commerzbank

• Mark Schoen Global Investor Solutions Leader BNP Paribas Securities Services

• Chris Sier Co-Lead FINEXUS

• Iwona Sroka President & CEO KDPW and KDPW_CCP

• Simon Thomas Chief Executive Officer Thomas Murray Investor Data Services

• Jürg Unger Head Custody & Vendor Relationship Management Swiss Reinsurance Company Ltd

• Guido Wille Executive VP Clearstream

• Susan Wright Senior Advisor, Regulation The Investment Association


client line-up

“Good range of topics which were relevant & debated well.”

Murray J Preston, Blackrock (attendee at GCF 2014)

Taking A Leading Role At GCF 2015

The Global Custody Forum presents an unrivalled opportunity to raise your profile and align your brand with Europe’s leading global investor services gathering for senior representatives from the custody, pension fund and asset management community.

For a tailored proposal, please don’t hesitate to contact me via email or phone, as per my details below:

Jeff Ong Sponsorship & Exhibitions Manager Email: [email protected] Tel: +44 (0) 20 7017 7240

Buyside clients already booked to attend include:

• New Zealand Superannuation Fund

• Castilium

• Mawer

• Lloyds Banking

• Generali Investments Europe Sgr Spa

• PFA Pensions Denmark

• Zurich UK Life

• Columbia Threadneedle

• Coal Pension Trustees Services Ltd

• AP7

• APG Asset Management

• Folketrygdfondet

• Blackrock

• Swiss Re

• Norrep Capital Management

• qSuper

• Nestlé Capital Advisers S.A.

• Abu Dhabi Investment Authority

• Storebrand

• IBM Pensions

• J.P. Morgan Asset Management


GCF 2015 SponsorSCo-Sponsor

BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by the strength of a universal bank. It provides integrated solutions for all participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. Covering over 100 markets, with our own offices in 34 countries, the BNP Paribas network is one of the most extensive in the industry. We bring together local insight and a global network to enable clients to maximize their market and investment opportunities worldwide. Key figures as of 31 March 2015: USD 8.973 trillion assets under custody, USD 1.707 trillion assets under administration, 8,134 administered funds and 8,800 employees.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

FinanceMalta, a non-profit public-private initiative, was set up to promote Malta’s international Business & Financial Centre, both within, as well as outside Malta. It brings together, and harnesses, the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory and fiscal framework in which the financial services sector can continue to grow and prosper. The Board of Governors, together with the founding associations: The Malta Funds Industry Association, the College of Stockbrokers, the Malta Bankers Association, the Malta Insurance Association, the Association of Insurance Brokers, the Institute of Financial Services Practitioners, and the Malta Insurance Managers Association which is also affiliated; its members and staff are committed to promote Malta as a centre of excellence in financial services and international business.

Northern Trust is a leading provider of asset servicing and asset management solutions for global asset owners and institutional investors including pension funds, insurance companies, sovereign entities and investment managers. Comprehensive solutions range from the provision of global custody to specialist investment accounting, institutional governance services, back and middle-office solutions and cross-border asset pooling. A proven partner to some of the world’s most successful investors, these solutions also draw on long-standing expertise in servicing the full spectrum of investment strategies, encompassing traditional to alternative asset classes.

Supporting Sponsors

Associate Sponsors

Supporting Organisation Media Partners

Delegates are responsible for the arrangement and payment of their own travel and accommodation. If you wish to book a room at the hotel venue, then please download the hotel booking form from www.globalcustodyforum.com

50% discount

Register Now – Four Easy Ways! 1. Fax this form on +44 (0) 20 7017 7807 2. Telephone us on +44 (0) 20 7017 7200 3. Email: [email protected]. Via the website: www.globalcustodyforum.com

Venue DetailsHilton London Tower Bridge Hotel5 More London Place Tooley StreetLondon SE1 2BYUnited KingdomTel: +44 (0) 20 3002 4300Web: www.hilton.co.uk/towerbridge

teRMs anD COnDitiOns: Attendance at this conference is subject to the ICBI Delegate Terms and Conditions at http://www.informaglobalevents.com/division/icbi/termsandconditions. Your attention is drawn in particular to clauses 6, 8 and 14 of the ICBI Delegate Terms and Conditions which have been set out: Cancellation Policy: If you cancel in accordance with this policy, you will receive a refund of your fees paid to ICBI (if any): (i) if you cancel your registration 28 days or more before the Conference, subject to an administration charge equivalent to 10% of the total amount of your fees plus VAT; or (ii) if you cancel your registration less than 28 days, but more than 14 days before the Conference, subject to an administration charge equivalent to 50% of the total amount of your fees plus VAT. ICBI regrets that the full amount of your fee remains payable in the event that your cancellation is 14 days or less before the Conference or if you fail to attend the Conference. All cancellations must be sent by email to [email protected] marked for the attention of Customer Services and must be received by ICBI. You acknowledge that the refund of your fees in accordance with this policy is your sole remedy in respect of any cancellation of your registration by you and all other liability is expressly excluded. Changes To The Conference: ICBI may (at its sole discretion) change the format, speakers, participants, content, venue location and programme or any other aspect of the Conference at any time and for any reason, whether or not due to a Force Majeure Event, in each case without liability. Data protection: The personal information which you provide to us will be held by us on a database. You agree that ICBI may share this information with other companies in the Informa group. Occasionally your details may be made available to selected third parties who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers please contact the database manager. For more information about how ICBI use the information you provide please see our privacy policy at: http://www.informaglobalevents.com/division/icbi/termsandconditions. If you do not wish your details to be available to companies in the Informa Group, or selected third parties, please contact the Database Manager, Informa UK Ltd, 149 Tottenham Court Road, London, W1T &AD, UK. Tel: +44 (0)20 7017 7077, fax: +44 (0)20 7017 7828 or email [email protected] incorrect Mailing: If you are receiving multiple mailings or you would like us to change any details, or remove your name from our database, please contact the Database Manager at the above address quoting the reference number printed on the mailing label.By completing and submitting this registration form, you confirm that you have read and understood the iCBi Delegate terms and Conditions and you agree to be bound by them.

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DisCOunts: All discounts are subject to approval. All discounts can only be claimed at the time of registration and multi-booking discounts cannot be combined with other discounts that may be available (apart from early booking discounts which are available to everyone).50% Discount for third and subsequently registered delegates for any packages that include the main conference. The VAT rate is subject to change and may differ from the advertised rate. The amount you are charged will be determined when your invoice is raised.Please note the conference fee does not include travel or hotel costs.We are happy to accept a replacement delegate for the whole event, however delegate passes cannot be split or shared between delegates under any circumstances. Conference code FKP2393

PaYMent Details: Please use this form as our request for payment. Fax and phone bookings should be made with a credit card number, or followed up by a posted registration form. Places are only guaranteed by full payment, which must be received before the conference. I will pay by:

Cheque/bankers draft made payable to ICBI for £............................................... Invoice to be sent to my company Bank transfer - full details of bank transfer options will be given with your invoice on registration.

to make payment by credit card: to ensure we provide the highest level of security for your credit card details we are unable to accept such payments via email or fax which ensures that these details are never stored on our network. To make payment by credit card on-line, please enter your credit card details in our secure payments website that you will use when making your booking via the event website: www.globalcustodyforum.comAlternatively call our customer service team on +44 (0) 20 7017 7200

Monday 30 November: Custodian Selection WorkshopTuesday 1 – Wednesday 2 December: Main ConferenceThursday 3 - Friday 4 December: Custody Law Course

PLEASE SELECT YOUR PACKAGE DATES Register By11 September 2015 saVe Register By

30 October 2015 saVe Register After30 October saVe

5 Day Package: Conference + Workshop + Law Course

30 November – 4 December 2015

£3497 (+ 20% VAT) = £4,196.40 £800 £3797 (+ 20% VAT)

= £4,556.40 £500 £3997 (+ 20% VAT) = £4,796.40 £300

4 Day Package: Conference + Law Course 1 - 4 December 2015 £2798 (+ 20% VAT) = £3,357.60 £500 £2998 (+ 20% VAT)

= £3,597.60 £300 £3198 (+ 20% VAT) = £3,837.60 £100

3 Day Package: Conference + Workshop 30 November – 2 December 2015

£2398 (+ 20% VAT) = £2,877.60 £400 £2598 (+ 20% VAT)

= £3,117.60 £200 £2698 (+ 20% VAT) = £3,237.60 £100

2 Day Package: Conference Only 1 - 2 December 2015 £1599 (+ 20% VAT) = £1,918.80 £200 £1699 (+ 20% VAT)

= £2,038.80 £100 £1799 (+ 20% VAT) = £2,158.80 -

2 Day Package: Law Course Only 3 - 4 December 2015 £1299 (+ 20% VAT) = £1,558.80 £200 £1399 (+ 20% VAT)

= £1,678.80 £100 £1499 (+ 20% VAT) = £1,798.80 -

1 Day Package: Workshop Only 30 November 2015 £899 (+ 20% VAT) = £1,078.80 £100 £999 (+ 20% VAT) =

£1,198.80 - £999 (+ 20% VAT) = £1,198.80 -

europe’s leading global investor services gathering 2… · good big data? sonia maloney coo...

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