2021 Programme

Programme

2021 Programme

All timings in AEST

09:0009:05

Chairperson’s Opening Remarks

09:00 - 09:05

Keith Sedergreen

President

ACI Australia

Keith Sedergreen is President of ACI Australia, a voluntary role has held since 2016 and is Vice-Chair of ACI’s Global Committee for Professionalism. Keith joined the FX market at M W Marshall in London in 1978 as a broker on FX Swaps. He also has experience in IR derivatives and energy markets. His career took him to New York, Johannesburg before arriving in Sydney in 1986.  He returned to London in 1990 before moving to Tokyo as MD of Hatori-Mashall and returning to Sydney in 1997 as MD of M W Marshall and Co. and then had various MD roles finishing with BGC Australia at the end of 2018. As well as sitting on the Australian Foreign Exchange Committee, Keith has helped in the development of the ACI Australia Dealing Simulation which has been run in 20 different global locations. Keith recently graduated from the AICD. He believes the Foreign Exchange Global Code will help build a trusted, fair and transparent market for all participants.

09:0509:25

A Market Overview: The Shift in FX and Growing Crypto Markets
Fireside Chat

09:05 - 09:25

  • How is crypto changing capital markets?
  • What has changed in 2021?
  • What are the challenges for mainstream institutional adoption?
  • What can we learn from infrastructure providers of traditional asset classes?
  • What’s the outlook on near term changes on infrastructure?
David Mercer

Chief Executive Officer

LMAX Group

David Mercer is the Chief Executive Officer of LMAX Group – is a leading player in global financial markets. LMAX Group operates multiple institutional execution venues for trading FX and crypto currencies.

David is a former City banking executive and currency specialist, with an extensive track record of building profitable, innovative, high growth businesses, ranging from start-ups to turn arounds of growth-stage companies.

He joined LMAX Group as chief executive in 2011 and led the successful management buyout of the company in 2013. Since then, he has built LMAX Group into a global brand in financial markets and a leading operator of institutional FX exchanges. LMAX Group has been recognised as one of the UK’s fastest growing technology companies.

Prior to joining LMAX Group, David was CEO at Cantos, Non-Executive Director at Velocity Trade and COO of the Emerging Markets business at Credit Suisse. He has also held senior executive roles at IFX Markets and Saxo Bank (Synthesis Bank) in London, Geneva and Sydney. David started his financial services career in the Banking and Regulatory division of Ernst & Young in 1989.

09:2509:55

An Overview of the Geopolitical Landscape and Shifting Trends in FX
Panel Discussion

12:00 - 12:40

  • The impact of the Biden administration on the FX markets
  • Brexit transition and what it means for European currencies
  • The increasing market optimism around vaccines and return to normalcy
  • The world’s relationship with China and which countries are affected
Su-Lin Ong | Moderator

Chief Economist & Senior Relationship Manager

RBC Capital Markets

Su-Lin Ong is a Managing Director of RBC Capital Markets, Chief Economist & Senior Relationship Manager. She has led the Economics & Fixed Income Strategy team for AU/NZ since 2010 and was Head of AU Research, including oversight for equity research, from 2015 to 2019.  In August 2019, she began a newly created role to help foster senior relationships with RBC’s key clients.

Su-Lin is part of the global strategy team with primary responsibility for formulating and presenting RBC’s AU/NZ macroeconomic outlook, cash rate view and bond yield forecasts. Based in RBC’s Sydney office, she works closely with sales and trading across fixed income, currencies, and equities in Australia as well as key RBC offices across the globe. Prior to joining RBC in 1998, Su-Lin was a fixed income economist for Hambros Bank and before that worked as an economist at the Department of Prime Minister & Cabinet in Canberra.

She is a former Director of Business Spectator, Executive of NSW/ACT FINSIA Regional Council and CEDA’s Economic Policy Committee.  Su-Lin is currently an Executive Member of The Australian Business Economists, sits on the Women in Banking and Finance Board and was recently appointed to the Parliamentary Budget Office’s Panel of Expert Advisors. She is also a founding member of RBC’s Diversity Council, RWomen Committee and actively involved in their mentoring and charity programs including Lou’s Place and Ronald McDonald House, Randwick. Su-Lin is an ambassador for the RBA’s Women in Economics initiative and supports a number of initiatives aimed at building pipeline economic talent, especially female. She regularly represents RBC at various industry, policy and education forums. Su-Lin holds a BEc from the University of Sydney, Post Graduate in Applied Finance and Investment from the Securities Institute of Australia, is a Fellow, FINSIA, and scholarship recipient and recent graduate of the Australian Institute of Company Directors.

Daniel Been

Head of FX and G3 Research

ANZ

Daniel is the Head of FX and G3 Research for the ANZ Bank. His team is responsible for forecasting the outlook for the major global economies and FX markets. In particular they focus on what the major macro trends evolving offshore mean for ANZ’s core markets in Australasia. More particularly, Daniel’s research focuses on exploring the impact of the global cycle on broad market trends, with a specific focus on the USD and AUD. 

He provides advice across all client segments of ANZ. Since joining ANZ the team has consistently achieved strong ratings for AUD research in the Kanganews, Asiamoney and Peter Lee surveys.

Daniel has more than a decade of experience in financial markets, working in funds management, banking and the public sector. 
 
 

Uwe Fuehrer

Chief Executive Officer

Wealth of Nations

Before establishing Wealth of Nations Advisors in 2014, Uwe Fuehrer has had a career that spans 30 years within the financial markets of New Zealand, the United Kingdom, Germany and Australia, having started his career in 1984 with the Reserve Bank of New Zealand, and subsequently working for Merrill Lynch, Calyon, Commerzbank, Citibank and State Street in FX markets across sales, trading, derivatives, and fund origination in foreign exchange. Uwe specialises in macro strategy, with a strong focus on emerging markets, in particular China, and geopolitics.  

Wealth of Nations Advisors (WoNA) is a regulated financial services company based in Sydney specialising in raising assets for alternative and impact focused investment management firms from wholesale institutional investors across Australia and New Zealand as well as from sovereign wealth funds, reserve managers and select government agencies globally. WoNA’s portfolio of clients collectively manage in excess of $300bn of assets across a range of alternative and impact strategies and geographies.

09:5510:25

Overview of IBOR transition in a Fragmented Market
Panel Discussion

09:35 - 10:05

  • The latest updates on benchmark reforms  
  • How does IBOR transition affect CCS Markets in APAC 
  • Managing risks that will emerge from the transition 
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.

David Love

General Counsel & International Adviser

Australian Financial Markets Association

David is the General Counsel & International Adviser at the Australian Financial Markets Association.  In this role he works with AFMA members on public issues that affect the operation of financial markets.  This work involves close consultation with AFMA members, the government and financial sector regulators both in Australia and internationally.  His current focus is on conduct standards, application of fintech to documentation and transaction systems, financial benchmarks and capital markets regulation, and global financial market structures.

Previously, David worked for over a decade in senior policy positions with the Australian Treasury and is an expert on financial market regulation through having advised governments on successive reforms in this area.  David has also been a consultant for the World Bank and the Asian Development Bank on financial sector legal reform projects in Vietnam and Cambodia.  David began his career as a banking and finance lawyer working for a number of years in Japan before returning to practice in Australia.

Yu Zhang

Managing associate

Allens

Yu is a Managing Associate in the Banking & Finance practice group at Allens. He advises borrowers and lenders on a broad range of finance transactions and global markets issues, including in relation to derivatives and GMRAs. He is currently working with a major Australian bank on its LIBOR transition.


Yu is a regular speaker on behalf of the International Swaps and Derivatives Association, Inc and the Asia Pacific Loan Market Association. He completed his Masters of Law at Cambridge University in 2009 with a focus on private law, and his Masters of Law at Harvard University in 2010 with a concentration in corporate governance and financial regulation.

10:2510:55

Best Perspective of FX: Is FX better seen as an asset class or overlay strategy to manage risks?
Fireside chat

10:55 - 11:35

John Cummins | Moderator

Chief Investment Officer

SocietyOne

Entering financial markets in a trading capacity, John’s career spans 30 years in financial services and has included senior markets-based roles overseeing FICC businesses for HSBC, Westpac Institutional Bank, the Royal Bank of Scotland and Macquarie Bank. He has also had extensive offshore experience in both London and Hong Kong in regional and global teams across most products.

He is currently Chief Investment Officer at market-leading fintech SocietyOne.

Angela Feeney

Manager, Exposure Management, Capital Markets

AustralianSuper

Angela Feeney is a Manager in the Exposure Management team, working within the fund’s Capital Markets group. With over 20 years’ experience in institutional banking in a variety of FX trading and sales’ roles, Angela joined AustralianSuper in late 2019, focussing on managing the fund’s currency exposures.

Prior to joining AustralianSuper, Angela spent most of her career in London and Singapore working for Westpac Institutional Bank in the early 2000’s in an FX Options trading role and from 2006 onwards at NatWest Markets in FX and Macro Sales to Financial Institutions. She returned to Australia in early 2019.

Angela holds a Bachelor of Economics (Hons) from the University of New South Wales.

John Lucey

Chief Investment Officer

Avant Mutual

As CIO at Avant Mutual Group, John has primary responsibility for managing Avant’s investments. Leading the investment team in delivering an investment strategy, including portfolio construction, manager selection and asset allocation activities.

Prior to joining Avant, John spent over 10 years working for ING Investment Management and later ANZ Wealth responsible for managing teams that provided asset allocation and currency management active overlay expertise, portfolio execution, dealing across products and services within Australia, New Zealand and Asia.

John has been in the investment industry since 1999 and his previous experience includes working with Bank of Ireland Asset Management (Dublin), where he led teams and held various positions in portfolio management and execution with specialist responsibility for active currency management.

10:5511:10

The Impact of Stress on the Mental Capital of an Organization
Presentation

10:55 - 11:10

Rachel King

Founding Director

Human Risk

Informed by leading-edge research from the human sciences, Rachel partners with progressive senior leaders to review and adapt their approach to the changing nature of their organisational human risk, mitigating against compromised mental capital and optimising growth potential.

Rachel believes that optimised mental capital of an organisation is increasingly the most valuable growth asset that any organisation has and gives rise to a unique competitive advantage not currently appreciated by all.

The Founding Director of Rachel King - Human Risk, Rachel spent almost 20 years in the financial markets working for Australian, American and European financial institutions both in Sydney and London.

Rachel holds a Master of Brain and Mind Sciences from the University of Sydney’s Medical School. She also holds a Master of Education (Educational Psychology) from the University of NSW and a Bachelor degree from Sydney University with an Economics and Psychology major. Rachel has academic qualifications in Positive Psychology, Forensic Psychiatry and Substance Use Disorders and studies in Unethical Decision Making in Organisations.

Rachel is an accredited Mental Health First Aid Instructor, Resolution Institute trained mediator, Conflict Management Coach and a member of a number of organisations including a graduate member of the AICD and The Ethics Centre. For more information about Rachel and her work please refer to her website https://www.rachelking.global

11:1011:40

Electronification of FX Markets: FX Forwards and NDFs
Presentation

11:35 - 12:15

  • The challenges of electronifying FX forwards and NDFs
  • Will the challenges inhibit the growth of FX forwards and NDFs market?
  • How to create a more efficient and optimal workflow?
Vladyslav Sushko

Senior Economist

BIS

He is a senior economist at the BIS HK office, and one of the authors of the analysis of the BIS Triennial CB survey of FX markets. Prior to moving to HK, he worked for central bank committees that meet at the BIS headquarters in Basel, and tackle cross-border issues related to financial stability and market functioning. Vladyslav holds a PhD from University of California, Santa Cruz.

11:4011:40

End of FX Markets Australia Day 1

12:45 - 12:50

09:0009:05

Chairperson’s Opening Remarks

09:00 - 09:05

Keith Sedergreen

President

ACI Australia

Keith Sedergreen is President of ACI Australia, a voluntary role has held since 2016 and is Vice-Chair of ACI’s Global Committee for Professionalism. Keith joined the FX market at M W Marshall in London in 1978 as a broker on FX Swaps. He also has experience in IR derivatives and energy markets. His career took him to New York, Johannesburg before arriving in Sydney in 1986.  He returned to London in 1990 before moving to Tokyo as MD of Hatori-Mashall and returning to Sydney in 1997 as MD of M W Marshall and Co. and then had various MD roles finishing with BGC Australia at the end of 2018. As well as sitting on the Australian Foreign Exchange Committee, Keith has helped in the development of the ACI Australia Dealing Simulation which has been run in 20 different global locations. Keith recently graduated from the AICD. He believes the Foreign Exchange Global Code will help build a trusted, fair and transparent market for all participants.

09:0509:25

Keynote Address: Updating the FX Global Code

09:05 - 09:30

  • Overview of recent changes to the Code
  • Increasing the clarity and comparability of disclosures
  • The GFXC’s guidance on pre-hedging and last look
Chris Kent

Asst Governor

Reserve Bank of Australia

Christopher Kent is the Assistant Governor (Financial Markets) at the Reserve Bank of Australia, a position he has held since December 2016. In this role, he is responsible for the oversight of the Bank's operations in the domestic and global financial markets, including the management of Australia's foreign reserves. He briefs the Reserve Bank Board on developments in financial markets at the monthly Board meetings and participates as the Bank's representative on the BIS Markets Committee and the BIS Committee on Global Financial Stability.

Prior to this, Christopher was the Assistant Governor (Economic) for five years and as such was the chief economic advisor to the Governor and the Board. Christopher has also worked as Head of Payments Policy Department and earlier as Head of Economic Research Department and he spent two years with the International Monetary Fund working on the Italian desk.

Christopher holds a PhD from the Massachusetts Institute of Technology and a Bachelor of Economics (Honours) from the Australian National University. He has authored numerous papers on the Australian economy and macroeconomic policy and edited a number of the Bank's annual Conference Volumes.

09:2509:55

The Progress of Global Code: Implications from Working from Home
Fireside chat

09:30 - 10:15

  • How has adoption of the global code progressing?
  • The benefits of the adoption of the code
  • How to ethically work from home and
  • Collaborating together as buy-side and sell-side to move forward together with the code
Cris Parker | Moderator

Head of The Ethics Alliance

The Ethics Centre

Cris Parker works in the area of ethics within both the banking and finance sector and business more broadly. Cris is a driving force behind two of Australia’s most profound initiatives working to bring ethics into everyday professional life. She is Head of The Ethics Alliance, a community of organisations of every size, type, and sector that are connected through The Ethics Centre to collaboratively shape the future of business with ethics. Cris is a director of The Banking & Finance Oath, a program she helped execute and continues to work on. The BFO increases consideration of stakeholders and accountability for decision-making by financial services professionals across the industry through support and a pledge of integrity. Cris draws on her psychology degree and her experience as both an actor and producer in establishing a Manhattan theatre company, casting agency, and production studio to include story-telling and a deep appreciation of human behaviour to her work.

Stuart Simmons

Director, Head of Currency

QIC

Stuart Simmons is responsible for QIC’s currency overlay mandates as well as leading and undertaking ongoing thought leadership and research on currency markets. Stuart is a member of the RBA’S Australian Foreign Exchange Committee and has been Australia’s private sector representative to the Global Foreign Exchange Committee since 2019.

Prior to joining QIC, Stuart was Director, ANZ (Europe); Managing Director, Principal Global Investors (Europe); Vice President, BT Funds Management

Stuart is a CFA Charterholder and holds a Graduate Diploma in Applied Finance and Investment (FINSIA) and a Bachelor of Commerce degree (University of New South Wales)

Rory O’Connor

Portfolio Manager

QSuper

Rory O’Connor has 15 years experience in FX markets with roles in banking and superannuation. As portfolio manager in QSuper’s Capital Markets division, Rory manages trade execution across multiple asset classes. He has responsibility for QSuper’s adoption of and adherence to the FX Global Code. Prior to commencing with QSuper in 2017, Rory was the Senior Manager of FX Trading at Suncorp.

09:5510:25

Utilizing Technology and Algos to Produce High Returns
Presentation

09:00 - 09:45

  • What have been the difficulties navigating technology in FX strategies?
  • Is human touch needed to produce high returns?
  • How to incorporate algos as a FX hedging tool
  • Will automation cause traders to become obsolete?
  • Optimizing performance with increasing electronification

10:2510:55

The Ramifications of UMR Phase 5 and 6 on FX Options
Panel discussion

10:25 - 10:55

  • What aspects of operations will change and navigating cost pressures? 
  • Will market access be inhibited and how will this affect FX options  
  • Optimizing pre and post-trade operations in clearing options 
  • Using OTC clearing to enhance IM efficiencies 
John Feeney | Moderator

Consultant

Martialis Consulting

John Feeney manages Martialis Consulting working on financial markets product and infrastructure. He has been in financial markets for over 30 years in trading and management roles across most asset classes. Prior to joining NAB, Mr. Feeney has worked for Commonwealth Bank in Sydney, Citi in Sydney and London and Macquarie Bank in Sydney. Over this time he has traded and managed interest rate derivative, foreign exchange, traded credit, commodities and funding businesses.

Recently, Mr. Feeney has been an ISDA Board Member and Vice-Chairman and an AFMA Board member.

Mr. Feeney has a PhD and BSc (Hons) from University of Sydney.

Mike Duncan

Investment Solutions

AIA

Mike has over 20 years of experience in financial markets across structuring, trading, portfolio management and risk management in Asia and Europe.

He is currently a member of Derivative Specialist in AIA’s Derivatives Centre of Excellence, expanding their derivatives capabilities, including UMR, collateral optimisation and transformation, clearing, compression, systems, counterparties, and new instruments.

Previously, he was a member of RBS’ Capital Resolution team, managing the close-out and wind-down of non-core OTC derivative and fixed income portfolios in Asia Pacific.

Before this, Mike held senior roles at Audley Capital Advisors, Bluecrest Capital, RBS and WestLB.

Mike has an MBA and a Master of Applied Finance from Macquarie University and a Bachelor of Commerce from the University of Otago.

 

 

Robert Fievez

Consultant – Derivatives and Investments

Resolution Life

Robert Fievez is Melbourne based with 15 years’ experience in Government and Financial Markets specialising in broad scope regulatory change. His experience has focused on helping firms, large and small, to match the regulatory requirement against the underlying portfolio impact and make the transition to new operating and business models. Mr. Fievez has also led engagement with local (APRA and RBA) and overseas (US Federal Reserve, Japanese Financial Services Agency, etc.) regulators across a range of reform issues.

Mr. Fievez is currently with Resolution Life, Australia within the Investment Strategy team overseeing implementation of derivatives business strategies for execution, risk management, compliance and collateral management.

Ravi Pandit

Executive director interest rate & FX products

CME GROUP

Ravi Pandit serves as Executive Director, Foreign Exchange and Interest Rate Products, Asia Pacific, for CME Group, based in Singapore. He is responsible for expanding CME Group’s existing FX and interest rate business and developing new opportunities across the region. Pandit joined CME Group in August 2015, and he has 25 years of 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, Pandit worked for 12 years in Dresdner Bank and subsequently Commerzbank post-merger, where he headed up the local markets trading team, and helped build up its Asian presence in interest rate and FX derivatives trading.  Pandit also worked in various trading roles at Barclays Bank, across Hong Kong, Singapore and Tokyo, and in operations & technology at Citibank, across Hong Kong and Mumbai. Pandit holds a Masters degree in Chemical Engineering from Syracuse University and an MBA in Finance from the University of California, Berkeley.

10:5511:25

The Growing Cryptocurrency Market: Will it ever develop into a currency?
Debate discussion

10:25 - 10:50

  • The instability of current currencies and the value of currencies
  • The massive growth of the value of cryptocurrencies
  • Will it ever be treated as anything more than an equity?
  • Can cryptocurrencies offset and help to manage portfolio risks?
  • The challenges in operations with digital currency and creating a supportive infrastructure
Besa Deda | Moderator

Chief Economist

Westpac Business Bank

Besa Deda is the Chief Economist of the Westpac Business Bank.

She is also the Chief Economist of St.George Bank, Bank of Melbourne and BankSA – which are regional banks within the Westpac Group.

Besa has been with the Group as a Chief Economist since 2009. She is one of the Group’s key economic spokespersons.

Prior to this role, Besa held Senior Economist roles with the Commonwealth Bank covering fixed income, foreign exchange, macroeconomics and equities. Before that, Besa was an economist with the Colonial Group.

Besa is the Secretary for the Australian Business Economists’ Association, is a member of the Melbourne Economic Forum, has previously written a regular property column for The Australian newspaper and lectured for Kaplan.

 

Henrik Andersson

Chief Investment Officer

Apollo Capital

Henrik is the co-founder and CIO of Apollo Capital, Australia’s premier crypto fund. Henrik has over 17 years of experience in global financial markets, with almost a decade on Wall Street. Henrik has extensive experience across three continents as a quantitative analyst, senior research analyst and in institutional equity sales. Henrik holds a Master of Science in engineering physics from the Royal Institute of Technology (KTH) and a Master of Science in business administration and economics from Stockholm University. He is a CFA charterholder.

Ian A Jones

Director

NaturesCoin

Ian has over 30 years’ experience in intellectual property commercialisation in media, financial services, blockchain, biotechnology, software, property, and agribusiness.

He has operated throughout the US, Asia and Europe. His experience is in taking early and development stage companies into commercial growth and reinventing enterprises with new technology and business models. Ian was a co-founder of NASDAQ listed bio-pharmaceutical Benitec. He won multiple awards as Executive Producer of television properties. Ian is former Chairman of ABC Honey Group and Director of software company, PierAlpha. He is also Director of NaturesCoin, a blockchain sustainable asset manager.

Grant Colthup

CEO

Mine Digital

Grant is an experienced and trusted financial market professional. Grant’s combination of industry experience and academic study makes him one of most well-regarded & notable persons [within Australia] who have leapt from the traditional world to the digital one. He has held positions with a global macro hedge fund, Macquarie Bank, proprietary trading firm and IAG (Australia’s largest general insurance company). Grant has managed significant investment funds and trading books (prior to Mine Digital co-managed portfolios with FUM in excess of 10bn USD).  He has extensive experience across all asset classes and forms of investment strategy. 

Grant has been involved in cryptocurrencies for the past several years. Grant has been an early-stage participant in companies/projects such as; Orthogonal Trading; Iris Energy; dHedge; mStable; ThorChain; Algorand; Handle and Horizon Finance. Grant’s active trading style has seen Mine Digital emerge as a significant force in the crypto options market [often placing in the top 10 in global league tables based on dollar traded volumes]. Grant has previously served as a Director of Blockchain Australia [now a fellow] and is one of Australia’s leading commentators on the intersection of digital and traditional markets and the rapidly expanding defi ecosystem. Grant holds a dual degree in Commerce (Hons I) & Economics from UQ and was a PhD candidate at UNSW focusing on portfolio management, decision making and market microstructure.

11:2511:55

The TCA Platform: Taking the Capacity to a Whole New Level
Fireside Chat

10:50 - 11:30

  • Emphasis on best execution and implications for liquidity providers and clients
  • How widespread is the adoption of TCA and what are its different forms
  • How well can TCA be combined with different types of execution and client needs
  • How is access to liquidity evolving and what is the role of TCA within it

 

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.

Christian Hauff

Chief Executive Officer and Co-Founder

Quantitative Brokers

Christian Hauff is the Chief Executive Officer and Co-Founder of Quantitative Brokers (QB). Prior to QB, Christian was the Head of Electronic Equity Derivatives and Head of E-Sales for Global Rates, Currencies & Commodities at Bank of America Securities. Christian’s fascination with futures and electronic brokerage started in 1999, when he joined Barclays Capital’s IT Graduate Program in London, while abroad from his Australian homeland. Christian later joined the E-Commerce Group, helping design and launch the original electronic offering in futures, fixed income, FX and commodities.

Vladyslav Sushko

Senior Economist

BIS

He is a senior economist at the BIS HK office, and one of the authors of the analysis of the BIS Triennial CB survey of FX markets. Prior to moving to HK, he worked for central bank committees that meet at the BIS headquarters in Basel, and tackle cross-border issues related to financial stability and market functioning. Vladyslav holds a PhD from University of California, Santa Cruz.

11:5512:25

Developing FX Hedging Strategies within a Low Interest Rate Environment
Panel Discussion

11:30 - 12:00

  • Do the old ways of hedging FX work in today’s economy?
  • What are new trends and new ways to hedge FX?
  • The harsh reality of less profits and innovating ways to generate income
  • Active vs Passive Management of FX: How to become strategic as opposed to operational
Kurt Smith

Treasury and Insurance Manager

Formerly of Western Power

As the former treasury and insurance manager at Western Power, Kurt changed the treasury and insurance business from a transactional cost centre to a centre of strategic value-add. He develops and implements financial risk management, capital management and financeability strategies to support the board's corporate strategy, improve financial performance and increase long-term enterprise value. He leads and manages a team of five treasury and six insurance professionals.

Prior to Western Power, Kurt held executive positions in financial markets for approximately 20 years. He was the head of derivative trading at the Bank of Western Australia, a director in two international fintech start-ups developing and commercialising option pricing and risk management technology, and the investment strategist at GESB fund management.

Kurt has published research on exotic FX options (international financial engineering journal and international patent) and has presented research at banking and treasury conferences in the USA, Europe and Australia.


He was awarded a Ph.D (Finance) from UWA and a Master of Philosophy (Finance) with Distinction from the University of Cambridge. He is a Certified Finance and Treasury Professional and is WA State Chair of the Finance and Treasury Association. He is also the Treasurer for the Special Olympics Australia (Perth).

Angela Feeney

Manager, Exposure Management, Capital Markets

AustralianSuper

Angela Feeney is a Manager in the Exposure Management team, working within the fund’s Capital Markets group. With over 20 years’ experience in institutional banking in a variety of FX trading and sales’ roles, Angela joined AustralianSuper in late 2019, focussing on managing the fund’s currency exposures.

Prior to joining AustralianSuper, Angela spent most of her career in London and Singapore working for Westpac Institutional Bank in the early 2000’s in an FX Options trading role and from 2006 onwards at NatWest Markets in FX and Macro Sales to Financial Institutions. She returned to Australia in early 2019.

Angela holds a Bachelor of Economics (Hons) from the University of New South Wales.

Andrew Harrex

Managing Director Australia/New Zealand

P/E Investments

Mr. Harrex joined P/E Investments in 2012 to lead Australia and New Zealand investor services and champion the development of FX Overlay services. Mr Harrex served as a Partner of Mercer's Investment Consulting business and Regional Head of Mercer's Tools business from 2006 – 2011. He served as CIO and Head of Investment Consulting at United Funds Management and Mellon HR&IS from 2003– 2006. From 1999 to 2002, Mr. Harrex served as General Manager Treasury & Portfolio Services at Treasury Corporation of Victoria. Mr. Harrex was Manager of Fixed Interest and Currency at both AMP from 1985 to 1995 as well as Colonial from 1995 to 1996. Mr. Harrex earned a B.A. and M.A. from Macquarie University and an MBA from Melbourne Business School.

12:2512:30

Closing Remarks

12:25 - 12:30

Keith Sedergreen

President

ACI Australia

Keith Sedergreen is President of ACI Australia, a voluntary role has held since 2016 and is Vice-Chair of ACI’s Global Committee for Professionalism. Keith joined the FX market at M W Marshall in London in 1978 as a broker on FX Swaps. He also has experience in IR derivatives and energy markets. His career took him to New York, Johannesburg before arriving in Sydney in 1986.  He returned to London in 1990 before moving to Tokyo as MD of Hatori-Mashall and returning to Sydney in 1997 as MD of M W Marshall and Co. and then had various MD roles finishing with BGC Australia at the end of 2018. As well as sitting on the Australian Foreign Exchange Committee, Keith has helped in the development of the ACI Australia Dealing Simulation which has been run in 20 different global locations. Keith recently graduated from the AICD. He believes the Foreign Exchange Global Code will help build a trusted, fair and transparent market for all participants.

12:3012:30

End of FX Markets Australia Day 2

12:40 - 12:45