Programme

Programme

2020 Programme

09:3010:00

Registration

09:30 - 10:00

10:0010:40

Conference chairperson opening remarks

10:00 - 10:10

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.

10:1010:40

Keynote address

10:10 - 10:40

Guy Debelle

Deputy Governor

Reserve Bank of Australia

Dr Guy Debelle commenced as Deputy Governor of the Reserve Bank of Australia on 18 September 2016. He is Deputy Chair of the Reserve Bank Board and Chair of the Reserve Bank's Risk Management Committee. Prior to his current role, Dr Debelle was the Assistant Governor (Financial Markets).

In May 2019, Dr Debelle was appointed Chair of the Global Foreign Exchange Committee (GFXC). Prior to this, he was Chair of the BIS Foreign Exchange Working Group responsible for the development of the Global Code of Conduct for the Foreign Exchange Market as well as Chair of the Australian Foreign Exchange Committee.

Dr Debelle worked at the International Monetary Fund, Bank for International Settlements, Australian Treasury and as a visiting professor in economics at the Massachusetts Institute of Technology (MIT). He graduated from the University of Adelaide with an honours degree in economics and gained his PhD in economics at MIT under Stanley Fischer and Rudi Dornbusch.

Dr Debelle is a signatory to The Banking and Finance Oath.

10:4011:20

Panel discussion: Overview of benchmark reforms and the impact on clearing

10:40 - 11:20

  • Paradigm shift in FX benchmarking: the death of LIBOR
  • Assessing the impact on clearing from new benchmarks (RFR)
  • Key priorities regulators will be assessing and what it means for market participants
Brett Elvish

Deputy chair

ASFA Investment & Economics Council

Nathan Bourne

Senior executive leader, market infrastructure

ASIC

Nathan leads ASIC’s Market Infrastructure team. The team supervises Australian market licensees and operators, clearing and settlement facilities, Australian derivative trade repository operators, benchmark administrators and credit rating agencies. The team also examines new market and clearing and settlement proposals. Previously, Nathan has held senior leadership roles in ASIC’s Market Supervision and Market Infrastructure teams. Nathan has more than 20 years’ experience in financial markets, regulation and public policy. Most recently, he was the Director of Wholesale Compliance at the National Australia Bank. He has also held roles at the Reserve Bank of Australia, the Australian Treasury, the UK Financial Services Authority (now the Financial Conduct Authority) and Mitsubishi UFJ Securities in London. Nathan holds a Bachelor of Economics (Honours) and a Graduate Diploma in Applied Finance and Investment.

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.

11:2011:40

Morning Break

10:40 - 10:55

11:4012:20

Panel discussion: Future proofing quant and algorithms in FX - driving towards a sustainable future

11:40 - 12:20

  • Current applications of algo trading and quant analysis in institutional portfolios
  • Have buy side utilized algo and quant in maximizing performance driven FX trading?
  • Given the increased amount of FX data, how have institutions benefited from a wider use of data mining and machine learning techniques for useful analysis
  • How should banks supervise their electronic market-making activities to embrace the growing prevalence of algo FX?
John Feeney

Partner

Martialis Consulting | Moderator

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.

Bill Goodbody Jr

Chief operating officer

AE Capital

Bill Goodbody, Jr. is the Chief Operating Officer and advisor to the Board of AE Capital. Bill is responsible for Risk & Compliance, Investor Relations and all day-to-day operations of the business. 

Bill has 25 years of experience in the financial services industry and joined AE Capital in November 2017.

Prior to joining AE Capital, Bill was Senior Vice President & Head of Foreign Exchange at Bats Global Markets, Inc. in New York. Bill joined Bats in March 2015 as part of its acquisition of the Hotspot FX business from KCG Holdings, a business that Bill led since 2008. Before Hotspot, Bill spent more than 15 years in senior leadership roles within the Equities businesses of KCG Holdings, Knight Capital Group and Jefferies & Company.

Bill was a founding member and Secretary of the Foreign Exchange Professionals Association (FXPA), an organisation which represents the interests of FX industry participants. Bill has also previously served as a director on the boards of NSX Holdings, Inc., and the National Stock Exchange, Inc., an electronic stock exchange in the United States.

Bill has a Bachelor of Arts in Government from Georgetown University.

12:2013:00

Panel discussion: Asset owner think tank: Investing and FX in a Challenging new World

09:50 - 10:25

  • How the super funds have fared in the wake of the Covid 19 Pandemic?
  • How are superannuation funds diversifying their holdings and boost returns in the low interest rate environment?
  • Why are some funds increasing their offshore holdings but hedging less of their FX exposure?
  • Will they continue to invest offshore in the current climate?
  • How are the increased investments in private capital markets going to affect funds’ overall FX exposure control?
  • Active approach to currency management: alpha generating or risk mitigating?
  • Using target foreign currency exposure vs. traditional hedging ratios
Mark Aarons

Head of investment risk

VFMC

Mark joined VFMC in April 2018 as Head of Investment Risk.  He is also currently an Adjunct Associate Professor in the Centre for Quantitative Finance and Investment Strategies at Monash University.   Prior to his current role, Mark was Head of FICC Structuring at the National Australia Bank from 2010 to 2017, where he built a leading securitisation swap business in both Australia and the UK.  From 2004 to 2010 Mark held various roles at NAB in both Front Office and Market Risk.

Mark holds Bachelor degrees in Law and Science (both with Honours) from Monash University and a PhD in Mathematics jointly from the Max Planck Institute for Gravitational Physics and the Free University of Berlin, Germany.  Mark is also the co-author of a recent book on securitisation swaps which was published by Wiley Finance in March 2019.

Justin Lo

Portfolio manager

Sunsuper

Justin is an investment manager within the fixed income and currency team at Sunsuper. Justin joined Sunsuper in October 2013 and has over 11 years of industry experience. Prior to joining the firm, Justin worked at Legal & General Investment Management (London), J.P. Morgan (Sydney) and State Street (Sydney). Justin holds a Bachelor of Commerce (Finance) at Macquarie University, Masters of Financial Analysis at the University of New South Wales, is a CFA Charterholder, Certified FRM and Chartered Alternative Investments Analyst.

Joris Hillmann

Head of capital markets

AustralianSuper

Joris is the Head of Capital Markets at AustralianSuper. In this role, he is responsible for the build out of AustralianSuper’s Capital Markets capability, which seeks to leverage competitive advantages in size and scale by optimising management of the Balance Sheet and improving how the Fund coordinates and implements investment decisions.

Joris has over 20 years’ experience in asset allocation, portfolio management, exposure management, treasury, securities lending, investment risk management, governance, strategic and tactical portfolio construction, leadership and coaching.

Prior to joining AustralianSuper, Joris managed a range of fixed income and currency portfolios at Macquarie Investment Management in London and Sydney. Joris commenced his career at ING Investment Management in the Netherlands.

Sangeeta Venkatesen

Chair

FairVine Super

13:0014:00

Lunch

13:00 - 14:00

14:0014:40

Outlook for global FX markets in post covid 19 world & Changing dynamic geopolitical landscape

13:40 - 14:20

  • The impact of the Covid 19 Pandemic, US-China trade war, Brexit and other geopolitical events on FX markets
  • FX markets in the 2020 recession: how will central banks and governments respond to Covid 19?
  • Fate of the AUD, RMB and USD in 2020 and beyond
  • US Election – how a Trump or Biden result will shape the markets in November
  • Repercussions on the AUD with the China v Australia trade dispute
Su-Lin Ong

Chief Economist

RBC Capital Markets

Alex Joiner

Chief economist

IFM Investors

Dr Alex Joiner is the Chief Economist at IFM Investors and also sits on its Investment Committee. He is responsible for the firm’s economic, financial market, policy and geopolitical analysis and forecasting that underpin its investment and portfolio management processes. He represents IFM with domestic and global clients as well as with governments, central banks, financial institutions and corporates. He has over 15 years professional experience and prior to joining IFM Investors, Alex was the Chief Economist (Australian & New Zealand) at Bank of America Merrill Lynch, a senior economist at ANZ Bank and an economist at the Victorian Department of Treasury. He holds a First Class honours degree in Economics and a PhD in Econometrics from Monash University. Alex is a committee member of Australian Business Economists and sits on the UN-supported Principles for Responsible Investment Macroeconomic Risks Advisory Group.

Alan Oster

Chief economist

National Australia Bank

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.

Janu Chan

Senior Economist

St George

14:4015:20

Panel discussion: FX clearing - market drivers and developments

14:40 - 15:20

  • Understanding the impact of new capital and margin requirements on FX clearing
  • How regulatory developments around the world are affecting clearing across various product categories
  • What are the drivers motivating institutions to clear their FX?
  • Are buy side firms and regional banks clearing their FX?
  • The role of automated and electronic trading in creating liquidity and greater use of clearing
Kate Birchall

Head of Asia Pacific

LCH

Kate Birchall is Head of Asia Pacific for LCH Ltd. In her role, she is responsible for LCH’s business in the region, including the CCP’s existing OTC derivatives clearing operations in Sydney and Tokyo. 

Prior to joining LCH in October 2018, Kate was Head of Portfolio Optimisation and Collateral at National Australia Bank. She has also held senior roles in Structuring, Portfolio Management and Credit Research in Australia and London. 

Kate holds an EMBA from the London Business School and a BA in Mathematics from the University of Queensland.

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.

Rohit Verma

APAC head, OTC clearing and FX prime brokerage

Citi

Rohit Verma is Citi’s APAC Head of OTC Clearing and FXPB.  He has been in this role since January 2019. He is responsible for growing these products in the region and ensuring healthy return on capital. Prior to that he was running Risk and Capital for Clearing business since 2012. In addition to risk due-diligence, measurement and interface with independent risk, CCPs and Regulators he also led the Capital optimization initiative for the clearing business in the region. He sits on the regional management team for the Clearing business and also represents Citi at various Asian Exchange Risk Committees/ work-groups.

Rohit holds an MBA from the National University of Singapore and is also FRM certified. He joined Citi from Deutsche Bank where he was APAC Head of Risk Management for the Asset management business.  As part of this function, he set-up the independent risk management platform for the buy-side business and chaired the regional Risk committee. Prior to this he has also served in senior sell-side market risk roles at Landesbank Baden Wuerttemberg and Credit Suisse, and as financial controller at Siemens.

15:2015:40

Afternoon networking break

15:00 - 15:30

15:4016:20

Panel discussion: Evaluating quality of FX liquidity amid the rise of eFX and compressed margin environment

15:40 - 16:20

  • Latest trends, breakthroughs and innovation in eFX
  • Finding alternative sources of liquidity through electronification of FX – how is liquidity quality different across various sources?
  • New metrics in searching and evaluating new e-FX liquidity providers
  • How institutions should use analytics to understand the quality of liquidity they aggregate and optimise liquidity provider selection
Alison Towers

Director, global liquid markets trading

QIC

Alison joined QIC in 2007 and has more than 16 years’ financial markets experience. Overseeing trading across all of QIC’s global liquid market asset classes, her key roles include leading QIC’s global liquid markets trading team to achieve ‘best execution’ and ensure all trading activity is accurate and compliant.

QIC’s global liquid markets trading team is recognised for their deep understanding of global liquid markets and how to effectively implement a very broad range of financial instruments across interest rates, credit, inflation, FX, cash, liquid alternatives, equities and commodities. 

Alison has held a number of roles across QIC, including portfolio management roles for both FX and asset rebalancing overlays. Before joining QIC, Alison worked at Suncorp in a range of roles including trading, portfolio management and risk management. 

Alison holds a Bachelor of Science majoring in mathematics from the Queensland University of Technology and a post graduate diploma in applied finance and investments from FINSIA.

Tom Keegan

Portfolio manager

Macquarie Investment Management

Tom is a portfolio manager within Macquarie Fixed Income’s (MFI) Rates and Currency Team where his primary responsibility is managing dynamic and passive hedging programs for institutional and wholesale clients. Tom also manages active currency and tail risk hedging strategies for Macquarie’s global fixed income funds providing an alternative source of alpha as well as diversification benefits. Tom is responsible for trade execution with a particular focus on achieving best execution within each client’s the permitted credit framework. Prior to joining Macquarie Tom spent six years working as a portfolio manager for Adrian Lee & Partners. Tom holds a Masters in Management from University College Dublin and is a CFA Charterholder.

Richard Kerr

Executive director

IFM Investors

Richard has overall responsibility for the Treasury Services business within Debt Investments. He offers strategic advice, tactical portfolio ideas, product development and implementation guidance over cash, FI, FX and derivative portfolios.

He has 33 years of broad senior portfolio management and financial markets experience including bank liquidity management at NAB, fixed income trading at County Natwest and JP Morgan, Proprietary trading at Dresdner Bank NY, Head of Currency Management at Macquarie Funds Group, managing passive and dynamic FX hedging portfolios as well as managing the Macquarie “Global Active Currency Fund.” Other positions include Head of FX Risk for Consolidated Press Holdings, and Executive Director, Institutional Currency at Morgan Stanley, focusing on quantitative FX overlays and research for Institutions.

Richard holds a Bachelor of Economics from Monash University.

16:2016:30

Chair’s closing remarks

16:20 - 16:30

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.

16:3016:30

End of conference

16:30 - 16:31

09:3009:45

Guest speaker presentation: How a leading Australian Institution navigated the recent pandemic crisis

09:45 - 10:25

  • Closer look at how the fund was positioned before the crisis, during and now after
  • Lessons learnt during the stress event
  • Stress testing - did the systems in place react as planned?
  • How the fund managed the FX Risk and Exposure in the turbulence in March and beyond
Stuart Simmons

Head of Currency

QIC

09:4510:25

Panel discussion: Overview of benchmark reforms and the impact on clearing

10:40 - 11:20

  • Paradigm shift in FX benchmarking: the death of LIBOR
  • Assessing the impact on clearing from new benchmarks (RFR)
  • Key priorities regulators will be assessing and what it means for market participants
Brett Elvish

Deputy chair

ASFA Investment & Economics Council

Nathan Bourne

Senior executive leader, market infrastructure

ASIC

Nathan leads ASIC’s Market Infrastructure team. The team supervises Australian market licensees and operators, clearing and settlement facilities, Australian derivative trade repository operators, benchmark administrators and credit rating agencies. The team also examines new market and clearing and settlement proposals. Previously, Nathan has held senior leadership roles in ASIC’s Market Supervision and Market Infrastructure teams. Nathan has more than 20 years’ experience in financial markets, regulation and public policy. Most recently, he was the Director of Wholesale Compliance at the National Australia Bank. He has also held roles at the Reserve Bank of Australia, the Australian Treasury, the UK Financial Services Authority (now the Financial Conduct Authority) and Mitsubishi UFJ Securities in London. Nathan holds a Bachelor of Economics (Honours) and a Graduate Diploma in Applied Finance and Investment.

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.

10:2510:40

Presentation/ Fire-side chat

10:25 - 10:40

10:4010:55

Morning Break

10:40 - 10:55

10:5511:30

Panel discussion: Exploring corporate hedging strategies in a heightened risk environment

10:55 - 11:30

  • How have corporate hedging strategies changed in response to heightening geopolitical risks?
  • The use of customized instruments to achieve desired objectives and flexibility 
  • The evolution of the corporate treasurers’ role in hedging amid a changing regulatory environment
  • How corporates should adapt to increased electronification and need for best execution
Steven Cunica

Partner

Deloitte Australia

Daren Csehi

Group funding and risk manager

Treasury Wine Estates

Daren is a finance professional with sixteen years of experience in strategic finance, financial markets and treasury.  Daren began his career as a wholesale banker where he worked across a wide variety of functions including FX, Structured Finance and Group Treasury.  His focus and passion in banking was conceiving and delivering transformational and strategic transactions and initiatives.  This included leading work streams on high profile strategic M&A transactions including the demerger and IPO of Clydesdale Bank as well as leading a multi-stream programme tasked with balance sheet optimisation to comply with the Dodd-Frank Act.  He was also instrumental in growing NAB’s Offshore Banking Unit from a $5m business to a $50m business.

 

In 2018 Daren took the leap from banking into corporate treasury, joining Treasury Wine Estates in their Group Treasury function.  At TWE, Daren is responsible for the strategic development and execution of all aspects of the Group’s FX hedging programme, term funding strategy, cash and liquidity management, interest rate and commodity risk management, and debt investor relations.

 

Daren has an MBA from Melbourne Business School having completed the Executive MBA programme in 2017. He also holds a Graduate Diploma in Applied Finance and honours degree in Economics.

Carol Lydford

Treasurer, head of treasury and investor relations

Toyota Finance Australia

Laura Innes

Senior finance manager treasury funding & CFS

Coles

Laura has over 18 years of treasury and finance experience and her current role at Coles as a Senior Finance Manager includes responsibility for managing foreign currency risk.

Laura was appointed as Coles Treasury Manager - Liquidity and Funding in October 2018 post demerger from Wesfarmers and assisted in establishing the stand alone treasury function, financial risk management, capital management and funding. From October 2019 she now has finance responsibility for Coles Financial Services business.

Prior to joining Coles Laura was the Assistant Treasurer at Toll for almost 10 years and was previously an Audit Manager at KPMG.

Laura holds a FCA from the Institute of Chartered Accountants in England and Wales, a Masters in Chemistry from the University of Sheffield and is also a member of the Finance and Treasury Association.

Vic Jansen

Risk strategy & technology, treasury services

KPMG Australia | Moderator

Vic has more than 33 years’ experience in financial markets working for banks in Perth and Melbourne specialising in financial market risk instruments and hedging across interest rate, foreign exchange and commodity markets, before transitioning into Consulting within Treasury Advisory/Execution services in 2011 ultimately leading to the establishment of KPMG Treasury Services in 2013.

Vic’s primary role is to provide outsourced Treasury services and advice to KPMG’s retained Treasury services client base, where he specifically advises clients on hedging solutions covering interest rate, foreign exchange risk as well as commodity price risk management including bulk, base and precious metals. Across the energy sector, Vic also advises on market risk associated with Brent Oil & Diesel fuel. 

The Treasury services team also has a wider focus on financial market instrument valuations, hedge accounting support to meet various accounting standards and TOFA solutions specifically for funds on an ongoing outsourced client services model.

Client Experience

Vic has and continues to provide a wide range of corporate treasury risk management advice to a number of Australian corporations as a member of their Treasury Risk Management committees. Examples of additional professional roles include:

•             Treasury risk management policy development covering currency, interest rate, base and precious metals for a number of listed, private and state owned organisations.

•             Current active hedging programs in Base/Precious Metals, Crude and Fuel in commodity markets and various foreign exchange currency pairs and interest rate risk management activities.

•             Investigations with financial market benchmarks, acting as specialist subject matter expert and industry trainer in both BBSW and the London FX benchmarks.

•             Undertaken engagements evaluating foreign currency overlay models, providing key market insights as to use and effectiveness.

•             Lead client service provider for a major international fund manager, providing ongoing outsourced treasury services in the provision of a foreign exchange hedge accounting and TOFA solution for their foreign exchange overlay business.

11:3011:45

Virtual day one ends

11:45 - 11:46

09:3009:50

Fireside chat: The future of global code: can it remain voluntary?

09:30 - 09:50

  • Rationalising buy-side adoption of the global code: hesitations and drives
  • A closer look at the risk, execution and compliance by abiding the code
  • Forecast on the markets buy-in: will the code be regulated after all?

09:5010:25

Panel discussion: Asset owner think tank: Investing and FX in a Challenging new World

09:50 - 10:25

  • How the super funds have fared in the wake of the Covid 19 Pandemic?
  • How are superannuation funds diversifying their holdings and boost returns in the low interest rate environment?
  • Why are some funds increasing their offshore holdings but hedging less of their FX exposure?
  • Will they continue to invest offshore in the current climate?
  • How are the increased investments in private capital markets going to affect funds’ overall FX exposure control?
  • Active approach to currency management: alpha generating or risk mitigating?
  • Using target foreign currency exposure vs. traditional hedging ratios
Mark Aarons

Head of investment risk

VFMC

Mark joined VFMC in April 2018 as Head of Investment Risk.  He is also currently an Adjunct Associate Professor in the Centre for Quantitative Finance and Investment Strategies at Monash University.   Prior to his current role, Mark was Head of FICC Structuring at the National Australia Bank from 2010 to 2017, where he built a leading securitisation swap business in both Australia and the UK.  From 2004 to 2010 Mark held various roles at NAB in both Front Office and Market Risk.

Mark holds Bachelor degrees in Law and Science (both with Honours) from Monash University and a PhD in Mathematics jointly from the Max Planck Institute for Gravitational Physics and the Free University of Berlin, Germany.  Mark is also the co-author of a recent book on securitisation swaps which was published by Wiley Finance in March 2019.

Justin Lo

Portfolio manager

Sunsuper

Justin is an investment manager within the fixed income and currency team at Sunsuper. Justin joined Sunsuper in October 2013 and has over 11 years of industry experience. Prior to joining the firm, Justin worked at Legal & General Investment Management (London), J.P. Morgan (Sydney) and State Street (Sydney). Justin holds a Bachelor of Commerce (Finance) at Macquarie University, Masters of Financial Analysis at the University of New South Wales, is a CFA Charterholder, Certified FRM and Chartered Alternative Investments Analyst.

Joris Hillmann

Head of capital markets

AustralianSuper

Joris is the Head of Capital Markets at AustralianSuper. In this role, he is responsible for the build out of AustralianSuper’s Capital Markets capability, which seeks to leverage competitive advantages in size and scale by optimising management of the Balance Sheet and improving how the Fund coordinates and implements investment decisions.

Joris has over 20 years’ experience in asset allocation, portfolio management, exposure management, treasury, securities lending, investment risk management, governance, strategic and tactical portfolio construction, leadership and coaching.

Prior to joining AustralianSuper, Joris managed a range of fixed income and currency portfolios at Macquarie Investment Management in London and Sydney. Joris commenced his career at ING Investment Management in the Netherlands.

Sangeeta Venkatesen

Chair

FairVine Super

10:2510:40

Presentation/ Fire-side chat

10:25 - 10:40

10:4010:55

Morning Break

10:40 - 10:55

10:5511:30

Panel discussion: How will the FX world look in the next decade and beyond

10:55 - 11:30

We bring together a group of industry experts to debate and discuss what the FX world will look like in the next decade:

  • What key technologies changes are expected to shape the industry?
  • What is the industry most excited about?
  • What needs to be achieved by government and regulators? What is their role?
  • Will AI still be a relevant topic or will real change take place further in the future?
Mark McCarthy

Director, Markets, Australian Financial Markets Association

AFMA

Mark McCarthy is a Director of Markets & Policy at AFMA and is responsible for managing various technical market and policy committees to promote efficiency and address regulatory issues in Australia’s financial markets. Prior to joining AFMA, Mark had twenty five years’ experience as a dealer and investment banker, trading and managing risk across many asset classes including foreign exchange, precious metals, interest rates and debt and credit markets. He has also worked as an international money broker and as an originator in debt capital markets and complemented this practical experience with a Master’s degree in Applied Finance and an MBA. Mark established his own consultancy in 2009 and worked as a consultant in providing banking, markets and financial services to clients in Australia, Asia and Eastern Europe. He joined AFMA in 2015.

James Dalton

Director of general insurance policy

Association of British Insurers

Rita Elkazzi

ED Head of Distribution

UBS

11:4511:45

Virtual event ends

11:45 - 11:46