June 18-19, 2024

Sandcroft St Pauls, London

Agenda

Agenda

Risk Live Europe agenda 2023

08:5009:00

Introduction and housekeeping notes from the organisers
Networking zone stage

08:50 - 09:00

09:0009:10

Risk.net opening remarks
Risk Europe room

09:20 - 09:40

Duncan Wood

Global editorial director

Risk.net

Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.

09:1510:00

Navigating risk in 2023: unravelling the impact of key events on risk management
Keynote panel discussion

09:15 - 10:00

Delve into the intricate landscape of risk management in 2023, where economic recession, the ongoing war in Ukraine, inflation, market volatility, and the rapid development of AI converge to shape the environment for risk managers. Gain insights into the challenges, strategies, and opportunities that arise from these influential factors.

Nick Silitch

Former chief risk officer

Prudential

Jeremy Arnold

Chief risk officer

NatWest Markets

Jeremy Arnold joined NatWest Markets as chief risk officer in September 2018 and is responsible for leading the organisation's risk function by defining and delivering risk, conduct, compliance and financial crime strategies to support its ambition, strategy and risk appetite. He has extensive experience, spanning a variety of roles in trading and risk management over the past 30 years at a number of leading global financial institutions.

Duncan Wood

Global editorial director

Risk.net

Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.

Kanwardeep Ahluwalia

Co-head global markets risk

Bank of America

Kanwardeep Ahluwalia is Co-head of Global Markets Risk for Bank of America.

Kanwardeep joined Bank of America from Swiss Re where he was the Group Head of Financial Risk Management, which included the role of CRO for Asset Management, as well as serving as the Reinsurance CRO for EMEA.  Prior to that, he worked at Bear Stearns where he had a number of positions leading to the roles of CRO for Europe & Asia and Global Head of Market Risk.  This was preceded by a period working in regulation for the UK’s former Securities & Futures Authority.

10:0010:30

Making banks investible again after the turbulent events of spring 2023
Panel discussion

17:00 - 17:30

  • Are rising rates good for net interest income?
  • What can be learned from Switzerland’s decision not to use the resolution regime?
  • How bad is the damage to the market for bail-in debt?
  • Are wider regulatory reforms needed?
  • The importance of asset-liability management (ALM) in banks in the wake of recent banking failures  
Nick Silitch

Former chief risk officer

Prudential

Gavan Nolan

Executive director, business development and research, fixed income pricing

S&P Global Market Intelligence

Gavan Nolan, a specialist in credit markets, is an Executive Director responsible for business development and co-heads research for Fixed Income Pricing at S&P Global Market Intelligence.

A published author, Gavan has written about the credit markets from the accounting scandals of the last decade through the financial and European sovereign debt crises. He is a well-known commentator on the credit default swaps (CDS) markets, including credit fundamentals and CDS mechanics, in particular ISDA definitions, credit events and auctions. He has been a frequent contributor to both print and broadcast media, and quoted in Financial Times, Wall Street Journal, Daily Telegraph, Bloomberg, Reuters, Dow Jones, Global Capital, CNBC and BBC's R4 Today programs. Gavan played a key role in developing the Markit CDS pricing product, the leading service in the CDS market. Prior to joining Markit in 2003, now S&P Global, he worked at J.P. Morgan and TD Securities in a variety of fixed-income roles.

Gavan holds a Bachelor of Science in Economics from Queen Mary College, University of London, UK.

Philip Alexander

Desk editor, risk management and regulation

Risk.net

Philip Alexander is the risk management and regulation editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives, and central and eastern Europe.

Prior to entering journalism, Philip edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

10:3011:00

The changing role of the chief risk officer
Panel discussion

11:30 - 12:00

Events and pressures discussed in the previous panel have an impact on risk managers’ function and day-to-day work. This panel will explore how risk managers can respond.

  • How the skillset required for modern risk managers is changing and becoming increasingly complex
  • Technology skills and an understanding of global issues are becoming more important. What other skills are required from modern risk managers?
  • Is risk management gaining more prominence and moving more towards the front office? Where does it belong within banks and financial organisations? This panel examines case studies from several organisations on restructuring of their risk management functions
Chris Knight

Group chief risk officer

Legal and General

Chris Knight took the role of group chief risk officer (CRO) in May 2021. For the previous three years he had been the chief executive of Legal and General’s retail retirement business, where he led the expansion of annuity propositions, developed one of the leading providers of lifetime mortgages and launched our financial advice and care businesses. Knight also serves as Legal and General’s customer champion, representing retail customers’ interests across the whole product range, a perspective he brings to his CRO role. He has previously held positions at Legal and General of finance director of the international division, and chief financial officer of Legal & General Assurance Society. Knight has a first-class economics degree from King’s College, Cambridge and has worked on four continents in a career spanning more than three decades. He is a Fellow of the Institute and Faculty of Actuaries.

Hanna Sarraf

Chief risk strategy officer

Starling Bank

Hanna Sarraf is a senior risk management executive, with over twenty five years’ experience in developing and implementing risk and regulatory management frameworks that deliver effective results in the financial services industry. He is currently the Chief Risk Strategy Officer at Starling Bank and was previously the Group Chief Risk Officer at Bankmed, a regional corporate, retail and private banking organisation with operations across the EMEA region. Prior to joining Bankmed, Hanna was the Group Executive, Head of Risk Strategy at Bank of Ireland and previously held senior risk and regulatory management consulting roles at Ernst & Young, KPMG and Accenture in the UK and globally.

Hanna’s international industry and client consulting experience spans a wide range of risk and regulatory management roles both at the strategic and execution levels gained with leading financial services organisations across all major industry segments in a wide number of geographic markets.

He holds a Specialised Master’s degree in Financial Engineering from the École Supérieure des Sciences Économiques et Commerciales (ESSEC) and an MSc in Finance from Dauphine University in France. He has authored many articles on financial risk management and is a frequent speaker at leading UK and international conferences.

Nicola Crawford

Former chief risk officer

National Bank of Kuwait

Nicola is an experienced and qualified CRO / Head of Global Risk & Compliance with a demonstrable track record of creating and implementing superior risk management, financial and prudential strategies and frameworks aligned with corporate objectives and regulatory change/compliance to mitigate operational and commercial risk.

She is able to seamlessly analyse regulations into actionable requirements and deliver operational monitoring plans to drive robust compliance.

Nicola has proven transformation and risk delivery across SMEs to $multi-billion enterprises within banking, healthcare, insurance, government, energy, financial services, and technology. She embeds change into organisations to understand core risk objectives, re-engineering and deploying frameworks, processes and driving a culture of proactivity to ensure enhanced operational conduct, reputational and fiscal risk. An engaging lateral and forward- thinking communicator, building and fostering relationships with key stakeholders, resolving disparate agenda items, and providing solutions at operational level to solicit buy-in. Nicola acts as a trusted advisor to the Board, with a reputation of clear transparent objectives and solid delivery within agreed timeframes.

These skills have enables Nicola to see the changing role of the CRO over the past 25 years of her career and adapt to those changes.

Julien Cuisinier

Head of financial risk

Artemis Fund Management

Julien joined Artemis in November 2019 to build their investment risk capabilities from the ground up including Market risk, credit risk, Liquidity risk & ESG risk oversight across all the mandates managed on behalf of clients. Prior to Artemis, Julien headed the front office investment risk team at Janus Henderson covering the EMEA mandates across asset classes. His responsibilities covered market risk advisory and oversight, liquidity risk management and support into the front office governance framework including best execution and product governance support.  Julien graduated from Brussels Free University in 2004 in Applied Economics and has completed the Certificate for Quantitative Finance and the CFA program.

Helena Frumson

Managing director of corporate and business development, EMEA

Numerix

Helena Frumson is managing director of corporate and business development, Europe, the Middle East and Africa (EMEA), at Numerix. She oversees the strategy and expansion of the company’s channel sales and partnership network across the region. Helena’s team is responsible for building strategic relationships with key regulatory groups, fintech groups and lobby networks. She is a seasoned sales and business development professional.

Early into Helena’s career at Numerix, she acquired several of Numerix’s largest accounts. Now, she maintains her focus on overseeing key big-ticket collaborations within Numerix’s partner channel.

Prior to Joining Numerix, Helena consulted SunGard (Now FIS) and developed unprecedented growth channels for SuperDerivatives (Now ICE). She also ran a fintech start-up as chief executive and has consulted high-tech start-ups on revenue generation and fund-raising strategies to avoid share-dilution traps. Prior to joining the fintech field in 2003, she served in multiple executive-level sales and operational roles in the fashion industry, generating 100% sales growth in each project.

Helena is a zealous advocate of workplace diversity and leads a global career club for women.

 

11:0011:30

Networking refreshments break
Including technical seminars (networking zone stage)

10:30 - 11:00

11:0511:15

Technical seminar: Business continuity & resilience overview

11:05 - 11:15

Bradley Cornwell

Director of pre-sales EMEA & APAC

Riskonnect

11:2011:30

Technical seminar: Liquidity provision and technology partnership

11:20 - 11:30

Sam Horowitz

Head of FX distribution and liquidity management

CMC Markets

Prior to joining CMC Markets in 2021, Sam ran global eFX trading for BBVA. Working alongside quant trading teams, he is responsible for ensuring that CMC Connect liquidity distribution aligns the needs of clients with risk management capabilities. With almost 30 years of wholesale FX industry experience, Sam also sits on the ACI's UK executive and Global FX Committees.

11:3012:15

Technological innovation and disruption in risk management
Panel discussion

12:00 - 12:30

Understanding technological innovation is essential for risk managers looking to stay at the forefront of the industry.

  • Using emerging technologies to improve the effectiveness of risk management function
  • Artificial intelligence (AI) and how it is revolutionising the industry. Current status of EU AI Act
Phil Harding

Commercial editor

Risk.net

Ilja Faerman

Managing director, financial engineering, Emea

Numerix

Ilja Faerman serves as the Managing Director and Head of Client Solutions Group at Numerix, where he has spearheaded the successful delivery of projects across Europe, the Middle East, and Africa. His extensive expertise encompasses the pricing of complex derivatives across multiple asset classes, XVA desk support in building calculation infrastructure, and collaboration with structured product issuers on a wide array of processes, ranging from solutions for trade ideation to building platforms for comprehensive risk management of large portfolios. Faerman also possesses in-depth knowledge on various subjects, such as SIMM, FRTB, and buy-side industry solutions.

Before joining Numerix, Faerman gained valuable experience as a Financial Engineer and Model Validation Analyst at Thomson Reuters. He holds a Bachelor of Science degree in Business and Computer Science, as well as a Master of Science degree in Finance from the renowned Frankfurt School of Finance.

Nicolas Marchesotti

Research and product manager, AI research team

JP Morgan

Nico is a Research and Product Manager at J.P. Morgan’s AI Research team. He is responsible for bridging the gap between the research team and the business. He is responsible for developing and launching AI products across the organisation and his areas of focus include AI fairness, explainable AI, optimisation and AI planning. Previously, he worked in J.P. Morgan’s Wealth Management Investments Solutions division, where he was responsible for structuring discretionary investment strategies.

Martin Campbell

Head of risk

Mizuho Securities Europe

Xavier Bellouard

Managing director and co-founder

ActiveViam

Xavier Bellouard is the Chief Strategy Officer of ActiveViam and one of its co-founders, based in London. Before founding ActiveViam, Xavier was a key contributor to the development of Summit Systems, a software vendor of applications for front-office operations and trading desks. Xavier is passionate about the contribution that ActiveViam’s technology can make to the bottom-line of companies operating in highly demanding and complex markets. “Our bottom-up, experience-driven approach to innovation is a fundamental component of the company’s DNA. Since ActiveViam was created in 2005, we have valued it as a prerequisite to delivering cutting-edge data analytics technology and business solutions to the financial industry.

12:1513:00

Model risk management (MRM) and the time of change
Panel discussion

12:30 - 13:00

Changes mandated by regulators bring the potential for wider strategic benefits, but too often the potential to optimise this is missed, given the focus to achieve minimum compliance. 2023 sees the arrival of another major milestone for model risk management (MRM) with the formalisation of the Bank of England’s PS6/23 and SS1/23.

  • The need for transformational change and capability enhancement in MRM has arrived – but why now? And what is next?
  • What can we learn from parallel activities, such as the PRA’s thematic review of regulatory returns, to accelerate compliance and associated business benefits?
  • What are firms most challenged by today? And where are they expending their energies?
  • There is a lot of focus on AI and machine learning, but to what extent are they changing the rules of the game?
  • Where can or how are successful firms leveraging regulatory change in MRM to drive incremental competitive advantage by moving beyond a focus on minimum compliance?
David Asermely

Global head of model risk management

SAS

David Asermely is the Global Head of Model Risk Management at SAS, responsible for product design, support, partner strategy and more. Passionate about translating data into actionable intelligence, David combines the best technologies and design principles to help financial services organisations improve modelling efficiency and quality.

David holds two master’s degrees from the University of Massachusetts Amherst. Prior to joining SAS, he managed the Bank of New York Mellon’s Global Performance and Risk Analytics product set.

Nadia Bouzebra

Head of model risk management, banking

Close Brothers

Nadia is the Head of Model Risk Management in Close Brothers, a UK merchant banking group who provides lending, deposit taking, wealth management services and securities trading. Within her current role, Nadia is responsible for providing oversight and challenge to the models used in the Bank. The team ensures models are compliant with internal policy and governance, and with external regulations. We are also responsible for Close Brothers’ understanding and monitoring of the model risk through independent model validation and governance.

Nadia has a quantitative background - master’s degree in econometrics and a postgraduate in economics - with over 15 years of experience in risk management in the financial sector. She has worked in several significant engagements in France and UK, with a particular focus on model development, validation, risk governance, stress testing.

Naimish Shah

Global head of fixed income risk modelling

HSBC

Miles Elliott

Risk management advisory lead, EMEA

SAS

Miles leads Risk Management Advisory at SAS for Europe, Middle East & Africa.  Miles has over 25 years of Financial Services experience spanning the 1st, 2nd and 3rd lines of defence, acquired through serving multiple Banking Groups, covering start-ups to GSIB’s, across both UK and International jurisdictions. Of relevance for this event Miles has previously held roles as a Risk Modeller, a Head of Risk Modelling and a Chair of Model Risk Committee.  Miles joined SAS in 2019 given his deep belief in SAS’ capability to enable Firms and power them through their Risk Management Transformation.

13:0014:15

Networking lunch

12:50 - 14:00

13:0014:00

Lunch roundtable. Capturing data for risk management: what are the challenges and ways to address them?
This lunch roundtable is invitation only and will operate under the Chatham House Rule.

13:00 - 14:00

Against a backdrop of high market volatility and rapid technological development, risk management systems and processes in financial institutions are changing and evolving. How do risk managers assess their current infrastructure? What are the main challenges and pain points for the buyside and the sellside in capturing the necessary data? How are they addressing those challenges?

  • Real time data for risk managers
  • The potential of Cloud computing for risk management and associated challenges
  • Stress testing  - practical aspects
Ram Meenakshisundaram

Senior vice-president, quantitative services

KWA Analytics

Ram Meenakshisundaram, MSCS, MBA, CQF, CAIA, MCSI is the Senior Vice President of Quantitative Services at KWA Analytics where he manages the development of analytical and quantitative solutions. He has over three decades of client experience working on financial projects in various industries and asset classes including energy, commodity, fixed income, FX, and equity.

Before joining KWA, Ram was the Principal Architect/Director at ION Group/OpenLink where he managed the Endur/Findur product development in Power and Capital Market sectors. Prior to joining OpenLink, Ram has worked at various investment firms and banks including BlackRock, SBC Warbug Dillion Reade, and Deutsche Bank on government securities, repurchase agreements, FX and equity derivatives.

Ram is on the advisory board of Hofstra University Zarb School of Business in Finance and is an Associate Professor in Finance at Hofstra University. He received a B.S. and M.S. in Computer Science with honors from Pace University and NYU Tandon School of Engineering. Ram earned his MBA in Finance from Hofstra University and the Certified Quantitative Finance designation from Fitch Learning. He is a Chartered Alternative Investment Analyst (CAIA) charter-holder and a member of the Chartered Institute for Securities & Investment.

Martin Campbell

Head of risk

Mizuho Securities Europe

Zoi Fletcher

Associate commercial editor

Risk.net

Maithreyi Bharadwaj

Principal consultant

KWA Analytics

Maya is a hybrid Business Analyst/ Project Manager with over 17 years of experience leading key ‘Risk’ implementations for several investment banks and a leading clearing house covering Market Risk, Credit Risk, Operational Risk and, most recently, eTrading and Algorithmic Trading Risk.  Her project experience has been in performing gap analysis, implementing risk models that mostly involve changes to a suite of systems F2B, designing and embedding Target Operating Models that spans across departments.

Nicola Crawford

Former chief risk officer

National Bank of Kuwait

Nicola is an experienced and qualified CRO / Head of Global Risk & Compliance with a demonstrable track record of creating and implementing superior risk management, financial and prudential strategies and frameworks aligned with corporate objectives and regulatory change/compliance to mitigate operational and commercial risk.

She is able to seamlessly analyse regulations into actionable requirements and deliver operational monitoring plans to drive robust compliance.

Nicola has proven transformation and risk delivery across SMEs to $multi-billion enterprises within banking, healthcare, insurance, government, energy, financial services, and technology. She embeds change into organisations to understand core risk objectives, re-engineering and deploying frameworks, processes and driving a culture of proactivity to ensure enhanced operational conduct, reputational and fiscal risk. An engaging lateral and forward- thinking communicator, building and fostering relationships with key stakeholders, resolving disparate agenda items, and providing solutions at operational level to solicit buy-in. Nicola acts as a trusted advisor to the Board, with a reputation of clear transparent objectives and solid delivery within agreed timeframes.

These skills have enables Nicola to see the changing role of the CRO over the past 25 years of her career and adapt to those changes.

Julien Cuisinier

Head of financial risk

Artemis Fund Management

Julien joined Artemis in November 2019 to build their investment risk capabilities from the ground up including Market risk, credit risk, Liquidity risk & ESG risk oversight across all the mandates managed on behalf of clients. Prior to Artemis, Julien headed the front office investment risk team at Janus Henderson covering the EMEA mandates across asset classes. His responsibilities covered market risk advisory and oversight, liquidity risk management and support into the front office governance framework including best execution and product governance support.  Julien graduated from Brussels Free University in 2004 in Applied Economics and has completed the Certificate for Quantitative Finance and the CFA program.

13:0014:00

Lunch roundtable. Banking re-boot: risk management lessons for a stronger agile future
This lunch roundtable is invitation only and will operate under the Chatham House Rule.

13:00 - 14:00

Recent events in banking industry sent shockwaves through the financial markets. What were the common factors in these events? What do they say about banks’ risk management controls, governance and support tools? Will more European banks be affected? What can they do to put their own house in order?

  • Improving ALM protocols and safeguards
  • The changing picture on liquidity and credit risks
  • New rules of modelling and data governance
  • Tighter control of risk management systems
  • Testing, modelling and reporting under scrutiny 
Phil Harding

Commercial editor

Risk.net

Sidhartha Dash

Research director

Chartis Research

Sid is a research director at Chartis Research with more than 20 years of experience in the financial, energy, and commodities markets in various functions across the trade and software development lifecycles. He has held various roles in product development, trading, risk management, software development, and consulting in banks, hedge funds, and risk advisory and software firms, including Standard Chartered Bank, TCG Group, HCL, and Cognizant.

Sid’s specific areas of interest and research include risk data, model risk management, quantitative models in illiquid markets, high-performance analytics, energy and commodity trading risk, market structure design, new computational models, and the use of innovative mathematical methods in various emerging areas of risk management. He has an MBA from the Indian Institute of Management and is a qualified Chartered Alternative Investment Analyst CAIA, Financial Risk Manager (FRM), Energy Risk Professional (ERP), Member of GARP and CIPM from the CFA Institute.

Stephen Pemberton

CEO

Coherent Europe

Steve brings over 25 years of capital markets expertise and leadership across operations, sales, account management and product management and spent the last 18 years in Hong Kong & Singapore. He was most recently Global Head of Product for HSBC's Direct Custody & Clearing business where he was responsible for the strategy, governance and delivery of HSBC's suite of products & solutions to the largest Investment Banks, Broker Dealers & Financial Market Infrastructures globally.

Prior to joining HSBC, Steve led the strategic Client Account Management team across Asia for IHS Markit. He also previously led Standard Chartered Bank's, Broker Dealers, Clearing & Collateral Product team globally and UBS's APAC regional Clearing & Securities Operations teams.

Dimitrios Papathanasiou

Global head of funding concentration and international treasury risk

Credit Suisse

Dimitris Papathanasiou is Global Head of Funding Concentration and International Treasury Risk in Credit Suisse. His responsibility is to establish a risk framework and monitor the liquidity and Treasury risks of all the EMEA entities. His previous role was Head of the Front Office team in Coca Cola HBC Group Treasury for 6.5 years. He was responsible for designing and implementing the hedging strategy of FX, interest rates and commodities. Prior to that he has worked in the Front Office and the risk management of Kaupthing Bank. At the early stages of his career he has worked as an auditor in Treasury and investment banking in a Credit Agricole’s subsidiary and in RBS.

Dimitris holds a BSc and an MSc in Banking, Finance and Investments. He is a CFA Charter holder and a recognized speaker at industry conferences.

Hanna Sarraf

Chief risk strategy officer

Starling Bank

Hanna Sarraf is a senior risk management executive, with over twenty five years’ experience in developing and implementing risk and regulatory management frameworks that deliver effective results in the financial services industry. He is currently the Chief Risk Strategy Officer at Starling Bank and was previously the Group Chief Risk Officer at Bankmed, a regional corporate, retail and private banking organisation with operations across the EMEA region. Prior to joining Bankmed, Hanna was the Group Executive, Head of Risk Strategy at Bank of Ireland and previously held senior risk and regulatory management consulting roles at Ernst & Young, KPMG and Accenture in the UK and globally.

Hanna’s international industry and client consulting experience spans a wide range of risk and regulatory management roles both at the strategic and execution levels gained with leading financial services organisations across all major industry segments in a wide number of geographic markets.

He holds a Specialised Master’s degree in Financial Engineering from the École Supérieure des Sciences Économiques et Commerciales (ESSEC) and an MSc in Finance from Dauphine University in France. He has authored many articles on financial risk management and is a frequent speaker at leading UK and international conferences.

14:1514:45

New drivers in credit risk
Panel discussion

14:30 - 15:05

Rising interest rates, inflation, geopolitical pressures and other factors are having an impact on banks’ credit risk. How can credit risk managers respond to these new threats?

  • Managing credit risk in high interest rate environment
  • How the war in Ukraine, situation in China and other geopolitical factors affect credit risk – and possible solutions
  • Credit risk modelling using natural language processing and transformer models
Andreea Petreanu

Head of credit risk

Mizuho International

Andreea Petreanu is currently Head of Credit Risk Management at Mizuho International in London. Over the past 20 years, she has had various risk management roles with global investment banks such as Morgan Stanley, HSBC, Merrill Lynch, Bank of America and VTB Capital. Andreea is also an Independent Non-Executive Director and Chair of the Risk Committee of Globalworth, a leading real estate investment company in Central and Eastern listed on AIMS with portfolio value over EUR3bn.  Andreea’s educational background includes an Executive MBA from the University of Cambridge, Judge Business School and an MSc in Insurance and Risk Management from City University, CASS Business School. She is also an Associate of the Chartered Insurance Institute in London.

Salvatore Bilotta

Emea head of credit rIsk management

Nomura

Samuel Wilkes

Deputy editor, regulation

Risk.net

Samuel Wilkes is the deputy editor of Risk.net’s regulation desk, based in London. Sam graduated from the University of Hull with a bachelor’s degree in history.

14:4515:30

Trading risks and a spotlight on XVA
Panel discussion

15:05 - 15:45

  • What technologies are available to address the volatility of 2022 and 2023, and to model and manage volatility in trading books?
  • The latest updates on derivatives trading and pricing, counterparty risk and valuation adjustments.
Stephen Nurse

Expert on XVA, formerly global head of risk and capital for the Clearing and FnO business, JP Morgan

Jasper Livingsmith

Director, head of G7 portfolio management, treasury

European Bank for Reconstruction and Development

Jasper is Director of G7 Portfolio Management within the EBRD Treasury. He oversees the central risk warehouse for all hard currency risks across the Bank’s balance sheet, and is also heavily involved with IBOR transition across various RFR working groups. Jasper joined the EBRD in 2011. Previously he worked as a macro trader, and was a market maker at ABN AMRO.

Mark Findlay

Managing director and global head of financial risk analytics

S&P Global Market Intelligence

Mark Findlay is Global Head of Financial Risk Analytics at S&P Global Market Intelligence, which provides award winning products and solutions to financial institutions to measure and manage their counterparty credit risk, market risk, regulatory risk capital, derivative valuation adjustments as well as custom on demand risk services. Using the latest analytics and technology such as a fully vectorized pricing library, Machine Learning and a Big Data stack for scalability, the products and solutions are also available in the cloud and are used by the largest tier-one banks to smaller niche firms.

Prior to joining S&P Global, Mark worked as a Partner at TLG, a specialist risk management consultancy in London. Previously, Mark held Chief Operating Officer positions in financial markets trading and quantitative risk management roles at ABN AMRO, UBS and Bank of America Merrill Lynch. He was also the Capital Management Program Director of global markets at HSBC.

Mark holds an MBA from CASS Business School, University of London, UK.

Malcolm Hibbert

Managing director - head of XVA trading

Credit Agricole

Gordon Lee

Head of Markets Quants

BNY Mellon

15:3016:00

Networking refreshments break
Including technical seminars (networking zone stage)

10:30 - 11:00

15:3515:45

Technical seminar: ERM overview

15:35 - 15:45

Inge Edwards

Sales executive

Riskonnect

16:0016:30

How can front office and risk managers be more innovative and agile?
Presentation

14:00 - 14:30

Pierre Carotti

Senior client engineer

Beacon

Pierre Carotti is a Senior Client Engineer at Beacon Platform. Pierre has over 20 years capital markets experience in Equity Derivatives trading.Prior joining Beacon, he held senior positions at Deutsche Bank within the Global Equity Derivatives team working as Architect and Data Lead Engineer and Head of EMEA Desk Strategies. In his early career Pierre worked as a trader for Deutsche Bank and Société Generale and a volatility arbitrage fund manager at Candriam.

16:3017:00

Spotlight on digital assets
Presentation

16:35 - 16:45

How do risks specific to digital assets compare to those in traditional asset classes? What is the impact of recent events on the perception of digital assets?

David Drinkwater

Chief operating officer and chief compliance officer

Syncretic Capital

David Drinkwater is the Chief Operating Officer and Chief Compliance Officer for Syncretic Capital, cyclical multi-strategy hedge fund focused on digital asset markets. David has over 25 years’ experience in capital markets and investment management. He was previously with Manikay Partners since its founding in 2008, and Brown Brothers Harriman and ING Clarion prior to Manikay.  In these roles he oversaw the financial, operational and compliance functions in multiple jurisdictions across multiple asset classes and was directly responsible for launching and growing their hedge fund and private equity vehicles. Mr. Drinkwater was also a partner at Arthur Andersen and has provided consulting and advisory services to private companies in the U.S. and the U.K. 

Mr. Drinkwater began his career at Arthur Andersen in London and became a Chartered Accountant in 1990.  He graduated from the University of Birmingham (UK) in 1987 with a First Class (Hons.) degree in Chemical Engineering.

17:0017:30

Rapid development of machine learning and AI: how it will impact the future of risk management
Closing keynote presentation

16:16 - 16:40

Peter McBurney

Professor of computer science

King's College London

McBurney is Professor of Computer Science and former Head of the Department of Informatics in the Faculty of Natural and Mathematical Sciences of King's College London. He is a member of the Distributed Artificial Intelligence (DAI) Research Group of the Department.

McBurney's primary areas of research are in AI and Computational Finance:

  • Distributed ledgers, blockchain, smart contracts, cryptocurrencies, and ICOs
  • AI applied to knowledge-intensive, regulated domains (law, finance, insurance, etc), and
  • Agent communications protocols and agent-based simulation.

His work finds application in computational finance and economics, cyber conflict, and machine-to-machine (M2M) communications. According to Google Scholar, McBurney has an h-index score of 49, and his most-cited publication has 673 citations.

Since 2007, McBurney has been Joint Editor-in-Chief of the refereed AI journal, The Knowledge Engineering Review, published by Cambridge University Press. He is a member of the Academic Advisory Council of the UK Financial Conduct Authority (FCA), a board established in 2018 to provide advice on AI, data analytics and regulatory technology (regtech). During 2018-2020, he was an Adjunct Research Fellow at the Law Futures Centre at Griffith University, Brisbane, Australia.

McBurney is a regular speaker and advisor on Artificial Intelligence, on blockchains & distributed ledgers, and on cryptocurrencies. He has experience working on several blockchain Proofs-of-Concept, including for major financial institutions and commodities trading companies.

His research projects include the EPSRC-funded VOLT Project, which aimed to develop trusted voting systems using distributed ledger technologies for management of shareholder rights and for elections in non-government organizations

17:3017:35

Risk.net closing remarks

17:30 - 17:35

Duncan Wood

Global editorial director

Risk.net

Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.

17:3519:00

Networking reception
Devonshire Terrace

17:30 - 19:00

08:5009:00

Introduction and housekeeping notes from the organisers
Networking zone stage

08:50 - 09:00

09:2509:30

Risk.net opening remarks

09:25 - 09:30

Philip Alexander

Desk editor, risk management and regulation

Risk.net

Philip Alexander is the regulation desk editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives and central and eastern Europe.

Prior to entering journalism, he edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

09:3010:00

Leveraging your resilience programme to deliver regulatory compliance and operational efficiency
Fireside chat

09:30 - 10:00

Gain insight into regulators' key priorities and what needs to be on your organisation's radar for 2023.

Anna Mazzone

Vice-president and head of risk business, Emea

ServiceNow

Anna Mazzone leads the Risk & ESG Business in EMEA for ServiceNow and is a non-executive director for The ODI (Open Data Institute) founded by Tim Berners-Lee. In 2013, Anna founded the global capital markets first KYC Managed Shared Services while at Thomson Reuters. In 2016, Anna was named to Innovate Finance ‘Women in Fintech Powerlist.’ Ms. Mazzone’s deep domain expertise in information technology for GRC, KYC, third party risk/vendor (KYS/KYV) and financial markets (FinTech), has contributed to significant growth at companies including BsAML, Thomson Reuters, CME Group, Markit, and MetricStream.

Jamie Bell

Head of secondary market oversight

Financial Conduct Authority

Jamie joined the FSA/FCA in October 2007 following 10 years as an industry lobbyist. At the FCA, he has held a number of roles across consumer affairs, supervision, risk and markets, holding senior leadership roles in retail banking supervision, risk & compliance oversight and market oversight. He was deputy accountable executive for MiFID II implementation in the UK and accountable executive for the project onshoring the MiFID regime in the UK in preparation for Brexit. He is currently head of secondary market oversight, responsible for discharging the FCA’s duties under MiFID and MAR in secondary markets.

10:0010:30

Heads of oprisks takeaways on Risk.net's Top 10 operational risks

10:00 - 10:30

Weighing in on Risk.net’s Top 10 operational risks, Heads of OpRisk delve into the top risks keeping them awake at night from AML through to cyber breaches. This session will call on the audience to vote on the risks central to their firms so ensure you're using our live polling application Slido.

Tom Osborn

Editor, risk benchmarking

Risk.net

Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Osborn holds a bachelor's degree in English literature from the University of Warwick.

Tin Lau

Group head of risk

Bitvavo

Tin will join a European digital currency exchange later this year as Group Head of Risk. He has worked at Flow Traders as the Head of Risk. Previously he worked for TP ICAP and before that the FCA, where he was responsible for supervision of areas such as the review and evaluation of firms, model waivers, structured products, the UK Regulated Covered Bond market and the UK Securitisation market including STS. He has also represented the UK at IOSCO and various ESAs. His previous industry experience was from various roles on the buy- and sell-side including quantitative analysis, fund management and economic capital modelling. He holds a dual-honours Masters in Engineering from the University of Warwick, called to the Bar of England and Wales, Fellow Chartered Management Accountant, Chartered MCSI, a member of the Institute of Operational Risk and of the Network of Operational Risk Modellers.

Sean Mills

Head of operational risk

Shawbrook Bank

Sean has 27 years’ experience working in risk, compliance and assurance in financial services, including banking and payments for Santander, Barclays and Shawbrook. Sean has been responsible for implementing, overseeing and embedding risk, compliance, data protection and resiliency frameworks.  

Fazal Mohammed

Head of ORM – asset management

Phoenix Group

Fazal is the head of ORM – asset management at Phoenix Group. He has 15 years of financial services industry experience working across investment banking and insurance domains covering global businesses i.e., public and private markets. Focused on supporting first line functions in making sound business decisions on a risk adjusted basis is a key motivation for success.

In his spare time, Fazal enjoys football, movies and the company of a good book.

10:3011:00

Digital transformation, risk and resilience panel

10:30 - 11:00

Archer
  • Operational risk assessment of third-party payment platforms.
  • Moving applications into the cloud.
  • Third-party dependencies.
Zoi Fletcher

Associate commercial editor

Risk.net

Gennaro Scalo

Director, Emea

Archer

Gennaro Scalo is responsible for Archer business and Go to Market strategy across Europe, the Middle East, and Africa. In his role he is responsible for the overall success of both Archer’s customers and business. Gennaro has a career that spans the broader areas of governance risk and compliance (GRC), and information security. He has helped organisations build integrated functions to address the many challenges associated with risk, including risk management, regulatory compliance, business continuity, disaster recovery, e-discovery, cyber investigations, computer forensics, incident response, IT audit, records management, and privacy. In his many roles he has worked alongside leading organisations to help define strategic, efficient, sustainable, and integrated risk programs

Stefana Brown

Chief risk officer, UK protection and fintech, and director, IT and data protection risk

Legal & General Retail

Stefana Brown is chief risk officer, UK protection and fintech, and director, IT and data protection risk, at Legal & General Retail. She spent 10 years at Lloyds Banking Group and four at M&G Investments before joining Legal & General Retail.

Julien Haye

Independent

Julien is managing director & founder of Aevitium. Prior to founding his freelance consultancy Julien, worked at Fidelity International (FIL) from July 2017 as head of non-financial risk and has over twenty years’ experience in the financial industry. Haye has worked for several financial services institutions in treasury, risk, capital management, programme management and trading.

11:0011:30

Networking refreshments break

11:00 - 11:30

11:0511:15

Technical seminar: Business continuity & resilience overview

11:05 - 11:15

Bradley Cornwell

Director of pre-sales EMEA & APAC

Riskonnect

11:2011:30

Technical seminar: Liquidity provision and technology partnership

11:20 - 11:30

Sam Horowitz

Head of FX distribution and liquidity management

CMC Markets

Prior to joining CMC Markets in 2021, Sam ran global eFX trading for BBVA. Working alongside quant trading teams, he is responsible for ensuring that CMC Connect liquidity distribution aligns the needs of clients with risk management capabilities. With almost 30 years of wholesale FX industry experience, Sam also sits on the ACI's UK executive and Global FX Committees.

11:3012:00

Scenario construction: modelling for unanticipated risks
Fireside chat

11:30 - 12:00

  • Using quantitative techniques to determine the risk exposure of specific situations.
  • Understanding how specific scenarios would impact a given organisation.
  • Scenario analysis: how far do you need to stretch for tail risks?
Eelco Van-Dijk

Former senior operational risk analyst capital management, ING

Independent expert

Eelco van Dijk joined ING Bank in 2008 and started working in the modelling and scenario team of Group Operational Risk.

Since 2013 ING reports operational risk regulatory capital according to the AMA model.

The AMA model uses among other internal loss events. Therefore Eelco deals with many aspects of internal loss events (data quality, completeness, etc)

Prior to moving to ING Eelco worked at ABN AMRO in a variety of risk roles for almost 20 years.

Eelco is member of the Risk Committee of the Dutch VBA CFA chapter  

 

Ruben Cohen

Operational risk analytics and re-insurance solutions

Howden Group

Ruben Cohen currently works in Operational Risk Analytics and Re-insurance Solutions at Howden Group, London. He joined the financial industry in 1999 after working 10 years as a university faculty in the US. His experience in the financial industry includes quantitative modeling in asset management, corporate finance, operational and credit risk and insurance optimisation and pricing. 
 
Ruben has a Ph.D. in Mechanical Engineering from MIT and a Masters in Economics from McGill University.  He has published over 50 technical papers in engineering and finance journals.

12:0012:30

New horizons in third-party risk management: from fintechs to cyber risk

12:00 - 12:30

  • The relationship between third-party risk management and operational risk
  • Third-party risk management and the relationship with the board: forming a strategic alliance
  • Cloud and cyber risk 
  • The new realm of fintechs
  • Using data analytics and AI
Philip Alexander

Desk editor, risk management and regulation

Risk.net

Philip Alexander is the risk management and regulation editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives, and central and eastern Europe.

Prior to entering journalism, Philip edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

Sean Titley

Director of enterprise and operational risk

Metro Bank

A leading member of the Operational Risk community in London, with over 20 years of experience in Risk Management, Sean has co-authored several papers and acted as a speaker at many conferences, seminars and webinars.

He has an extensive network of contacts in the discipline as the Director of Business Development for the Institute of Operational Risk (IOR), promoting the development of the IOR and its Certificate in Operational Risk Management, and was until recently the Deputy Chair of the Association of Foreign Banks Operational Risk Committee, sourcing speakers and chairing discussions about regulatory issues and leading practices.   

Sean has held Director-level roles in Operational Risk, Credit Risk, Strategy/New Business and Governance and Front Office Supervision, having extensive practical knowledge of treasury, capital markets, lending and advisory businesses, including front, back and middle office operations and risk and support functions.

He has experience of regulations applicable across Europe and Asia Pacific and has handled a number of major regulatory reviews.

Sean has developed many governance and risk policies and frameworks and run bank wide risk projects reporting to Boards and executive level committees, benchmarking against regulatory requirements and leading practices.

Praveen Singh

Head of global IT risk and cyber security

ICBC Standard Bank

Praveen heads up the IT risk and cybersecurity at ICBC Standard Bank. He has spent over 20 years in the financial services sector, including 10 years in management consultancy.  He likes to speak about technology, risk, regulation, cybersecurity and transformation. He is also a fan of Formula 1 and cricket.

Simon Stanley

Security consultant

BAE Systems Digital Intelligence

Simon is a risk manager and security consultant specialising in the management of supply chain risk with professional with experience in defence, financial services, health and the security sectors. He has extensive experience as a service manager, managing complex supply chain risk management processes for a global Tier 2 financial services company. 

 

He is currently developing a supply chain & risk (Scar) assessment product as part of the Stara product family for BAE Digital Intelligence.  This product evaluates a customer's supply chain risk management (SCRM) capability and then provides managed capability improvement and transformation plans to enhance the customer's ability to identify, evaluate and treat supply chain risk.

 

Prior to joining BAE Digital Intelligence, Simon worked at JP Morgan as a KYC specialist managing the initial onboarding and due diligence AML risk assessments of the bank’s multinational corporate clients.  Subsequently joining the bank’s project re-engineering team to refine and enhance their KYC and AML platforms and manage the cultural change for these enhancements. 

 

This role was preceded by a year’s Internship with Barclays Bank PLC, delivering risk and change management for the corporate bank in the wake of the Dodd–Frank Wall Street Reform and Consumer Protection Act, focusing on compliance and governance.

 

This second career in project and risk management, has been based on 15 years of commissioned service in the British Army, gaining broad experience in the practical management of risk, infrastructure security, the procurement of military technology and the personal protection of VIPs, whilst serving in the Middle East and Europe.

12:3013:00

Unpicking resilience: from DORA to critical third parties

12:30 - 13:15

Setting out impact tolerances through to meeting regulatory demands, operational resilience has become a global initiative for financial services and critical infrastructure. Gain and share insights with your industry peers exploring how to overcome challenges related to deciphering and preparing for regulatory expectations, understand where your peers are in relation to meeting the 2025 FCA and Bank of England deadline on building operational resilience and hear how regulations are rolling out across Europe, including delving into the EBA's DORA.

Costas Mourselas

Financial journalist

Risk.net

Costas Mourselas is a financial journalist and deputy editor on the risk management desk at Risk.net. He previously reported on derivatives at GlobalCapital. Costas has a bachelor’s degree in Philosophy, Politics and Economics from the University of York, UK.

Bob Barclay

Risk manager

ABN Amro

Bob Barclay has over forty years financial services experience gained in both domestic and international environments.

During his 17 years of operational risk and 19 years of internal audit experience he has specialised in consumer products, fiduciary, asset management, private banking, securities servicing, stockbroking and commercial banking with firms including RBS, Citibank (that included two years in Australia as Internal Audit Manager), BNY Mellon and Société Générale. He currently holds the position of Risk Manager at ABN AMRO Bank N.V., UK Branch and is a member of the bank’s Conduct and Ethics committee. Bob has also been involved in the implementation and embedment of risk management frameworks during periods of major regulatory change and has held senior risk management roles that has required dealing with external stakeholders including clients, Regulators and external auditors.

Bob is a member of the London Institute of Banking and Finance, the CISI Risk Forum Committee and the Association of Foreign Banks Operational Risk Committee

Merlin Linehan

Risk manager

European Bank for Reconstruction and Development

Merlin Linehan is a Risk Manager at the European Bank for Reconstruction and Development (EBRD). He is also a regular commentator and speaker on geopolitical and climate topics.

Nitesh Patel

Group operational risk director

Lloyds Banking Group

Nitesh is the group operational risk director at Lloyds Banking Group. Nitesh joined LBG in 2022 from Credit Suisse where he had an extensive audit career most recently as chief auditor for technology, operations, change and third party risks. Nitesh has over 20 years of operational risk experience, including control design, risk culture and use of emerging technology.

On a personal level, he has a love of travel, football and also spends some of his time helping local charities.

13:0014:00

Lunch and confidential lunch boardrooms

13:00 - 14:00

13:0014:00

Lunch roundtable. Capturing data for risk management: what are the challenges and ways to address them?
This lunch roundtable is invitation only and will operate under the Chatham House Rule.

13:00 - 14:00

Against a backdrop of high market volatility and rapid technological development, risk management systems and processes in financial institutions are changing and evolving. How do risk managers assess their current infrastructure? What are the main challenges and pain points for the buyside and the sellside in capturing the necessary data? How are they addressing those challenges?

  • Real time data for risk managers
  • The potential of Cloud computing for risk management and associated challenges
  • Stress testing  - practical aspects
Ram Meenakshisundaram

Senior vice-president, quantitative services

KWA Analytics

Ram Meenakshisundaram, MSCS, MBA, CQF, CAIA, MCSI is the Senior Vice President of Quantitative Services at KWA Analytics where he manages the development of analytical and quantitative solutions. He has over three decades of client experience working on financial projects in various industries and asset classes including energy, commodity, fixed income, FX, and equity.

Before joining KWA, Ram was the Principal Architect/Director at ION Group/OpenLink where he managed the Endur/Findur product development in Power and Capital Market sectors. Prior to joining OpenLink, Ram has worked at various investment firms and banks including BlackRock, SBC Warbug Dillion Reade, and Deutsche Bank on government securities, repurchase agreements, FX and equity derivatives.

Ram is on the advisory board of Hofstra University Zarb School of Business in Finance and is an Associate Professor in Finance at Hofstra University. He received a B.S. and M.S. in Computer Science with honors from Pace University and NYU Tandon School of Engineering. Ram earned his MBA in Finance from Hofstra University and the Certified Quantitative Finance designation from Fitch Learning. He is a Chartered Alternative Investment Analyst (CAIA) charter-holder and a member of the Chartered Institute for Securities & Investment.

Martin Campbell

Head of risk

Mizuho Securities Europe

Zoi Fletcher

Associate commercial editor

Risk.net

Maithreyi Bharadwaj

Principal consultant

KWA Analytics

Maya is a hybrid Business Analyst/ Project Manager with over 17 years of experience leading key ‘Risk’ implementations for several investment banks and a leading clearing house covering Market Risk, Credit Risk, Operational Risk and, most recently, eTrading and Algorithmic Trading Risk.  Her project experience has been in performing gap analysis, implementing risk models that mostly involve changes to a suite of systems F2B, designing and embedding Target Operating Models that spans across departments.

Nicola Crawford

Former chief risk officer

National Bank of Kuwait

Nicola is an experienced and qualified CRO / Head of Global Risk & Compliance with a demonstrable track record of creating and implementing superior risk management, financial and prudential strategies and frameworks aligned with corporate objectives and regulatory change/compliance to mitigate operational and commercial risk.

She is able to seamlessly analyse regulations into actionable requirements and deliver operational monitoring plans to drive robust compliance.

Nicola has proven transformation and risk delivery across SMEs to $multi-billion enterprises within banking, healthcare, insurance, government, energy, financial services, and technology. She embeds change into organisations to understand core risk objectives, re-engineering and deploying frameworks, processes and driving a culture of proactivity to ensure enhanced operational conduct, reputational and fiscal risk. An engaging lateral and forward- thinking communicator, building and fostering relationships with key stakeholders, resolving disparate agenda items, and providing solutions at operational level to solicit buy-in. Nicola acts as a trusted advisor to the Board, with a reputation of clear transparent objectives and solid delivery within agreed timeframes.

These skills have enables Nicola to see the changing role of the CRO over the past 25 years of her career and adapt to those changes.

Julien Cuisinier

Head of financial risk

Artemis Fund Management

Julien joined Artemis in November 2019 to build their investment risk capabilities from the ground up including Market risk, credit risk, Liquidity risk & ESG risk oversight across all the mandates managed on behalf of clients. Prior to Artemis, Julien headed the front office investment risk team at Janus Henderson covering the EMEA mandates across asset classes. His responsibilities covered market risk advisory and oversight, liquidity risk management and support into the front office governance framework including best execution and product governance support.  Julien graduated from Brussels Free University in 2004 in Applied Economics and has completed the Certificate for Quantitative Finance and the CFA program.

13:0014:00

Lunch roundtable. Banking re-boot: risk management lessons for a stronger agile future
This lunch roundtable is invitation only and will operate under the Chatham House Rule.

13:00 - 14:00

Recent events in banking industry sent shockwaves through the financial markets. What were the common factors in these events? What do they say about banks’ risk management controls, governance and support tools? Will more European banks be affected? What can they do to put their own house in order?

  • Improving ALM protocols and safeguards
  • The changing picture on liquidity and credit risks
  • New rules of modelling and data governance
  • Tighter control of risk management systems
  • Testing, modelling and reporting under scrutiny 
Phil Harding

Commercial editor

Risk.net

Sidhartha Dash

Research director

Chartis Research

Sid is a research director at Chartis Research with more than 20 years of experience in the financial, energy, and commodities markets in various functions across the trade and software development lifecycles. He has held various roles in product development, trading, risk management, software development, and consulting in banks, hedge funds, and risk advisory and software firms, including Standard Chartered Bank, TCG Group, HCL, and Cognizant.

Sid’s specific areas of interest and research include risk data, model risk management, quantitative models in illiquid markets, high-performance analytics, energy and commodity trading risk, market structure design, new computational models, and the use of innovative mathematical methods in various emerging areas of risk management. He has an MBA from the Indian Institute of Management and is a qualified Chartered Alternative Investment Analyst CAIA, Financial Risk Manager (FRM), Energy Risk Professional (ERP), Member of GARP and CIPM from the CFA Institute.

Stephen Pemberton

CEO

Coherent Europe

Steve brings over 25 years of capital markets expertise and leadership across operations, sales, account management and product management and spent the last 18 years in Hong Kong & Singapore. He was most recently Global Head of Product for HSBC's Direct Custody & Clearing business where he was responsible for the strategy, governance and delivery of HSBC's suite of products & solutions to the largest Investment Banks, Broker Dealers & Financial Market Infrastructures globally.

Prior to joining HSBC, Steve led the strategic Client Account Management team across Asia for IHS Markit. He also previously led Standard Chartered Bank's, Broker Dealers, Clearing & Collateral Product team globally and UBS's APAC regional Clearing & Securities Operations teams.

Dimitrios Papathanasiou

Global head of funding concentration and international treasury risk

Credit Suisse

Dimitris Papathanasiou is Global Head of Funding Concentration and International Treasury Risk in Credit Suisse. His responsibility is to establish a risk framework and monitor the liquidity and Treasury risks of all the EMEA entities. His previous role was Head of the Front Office team in Coca Cola HBC Group Treasury for 6.5 years. He was responsible for designing and implementing the hedging strategy of FX, interest rates and commodities. Prior to that he has worked in the Front Office and the risk management of Kaupthing Bank. At the early stages of his career he has worked as an auditor in Treasury and investment banking in a Credit Agricole’s subsidiary and in RBS.

Dimitris holds a BSc and an MSc in Banking, Finance and Investments. He is a CFA Charter holder and a recognized speaker at industry conferences.

Hanna Sarraf

Chief risk strategy officer

Starling Bank

Hanna Sarraf is a senior risk management executive, with over twenty five years’ experience in developing and implementing risk and regulatory management frameworks that deliver effective results in the financial services industry. He is currently the Chief Risk Strategy Officer at Starling Bank and was previously the Group Chief Risk Officer at Bankmed, a regional corporate, retail and private banking organisation with operations across the EMEA region. Prior to joining Bankmed, Hanna was the Group Executive, Head of Risk Strategy at Bank of Ireland and previously held senior risk and regulatory management consulting roles at Ernst & Young, KPMG and Accenture in the UK and globally.

Hanna’s international industry and client consulting experience spans a wide range of risk and regulatory management roles both at the strategic and execution levels gained with leading financial services organisations across all major industry segments in a wide number of geographic markets.

He holds a Specialised Master’s degree in Financial Engineering from the École Supérieure des Sciences Économiques et Commerciales (ESSEC) and an MSc in Finance from Dauphine University in France. He has authored many articles on financial risk management and is a frequent speaker at leading UK and international conferences.

14:0014:30

Climate change: quantification of operational risk losses and reputational damage
Presentation

14:00 - 14:30

  • Physical & economic consequences and behavioural change
  • Translation in operationalrisk and reputational damage
  • Quantification of operational risk and the financial consequences of reputational damage.
Michael Grimwade

Managing director, operational risk

ICBC Standard Bank

Michael Grimwade is managing director, operational risk, at ICBC Standard Bank and has previously held senior op risk management roles at MUFG Securities, RBS and Lloyds. Prior to this, he held management consultant positions at PwC and Deloitte Consulting. Grimwade has been a director of the Institute of Operational Risk (IOR) and is currently the chair of the Association of Foreign Banks' Operational Risk Expert Panel. He has authored a number of articles on setting appetite for op risk; scenario analysis techniques; climate change; quantifying emerging risks; and modelling op risk capital. He received an award in 2014 from the IOR for his contribution to the profession. His second book, Ten laws of operational risk, was published in December 2021.

14:3015:00

Climate change as the pillar of ESG – what needs to be on your radar?

14:30 - 15:00

In a time when businesses are stretched, hear how leading FIs are envisioning the future of ESG, how they’re addressing climate risk and how they are prioritizing in the face of economic volatility.

Michael Grimwade

Managing director, operational risk

ICBC Standard Bank

Michael Grimwade is managing director, operational risk, at ICBC Standard Bank and has previously held senior op risk management roles at MUFG Securities, RBS and Lloyds. Prior to this, he held management consultant positions at PwC and Deloitte Consulting. Grimwade has been a director of the Institute of Operational Risk (IOR) and is currently the chair of the Association of Foreign Banks' Operational Risk Expert Panel. He has authored a number of articles on setting appetite for op risk; scenario analysis techniques; climate change; quantifying emerging risks; and modelling op risk capital. He received an award in 2014 from the IOR for his contribution to the profession. His second book, Ten laws of operational risk, was published in December 2021.

Sam Barrett

Researcher, climate adaptation and climate change

International Institute for Environment and Development

Sam Barrett is a researcher at the International Institute for Environment and Development. He works on evaluations and value-for-money of adaptation projects and programmes, the integration of climate into development planning and decision-making, private sector investment in adaptation and developing investment cases for adaptation.

Maria Lombardo

Head of ESG advisory, sustainable finance,

Standard Chartered Bank

Maria heads the global ESG advisory team at Standard Chartered Bank, supporting the bank clients in their sustainability and transition strategies.

Maria spent more than 25 years in investment banking as managing director, heading emerging market equities sales at Lazard, UBS, Sberbank and Unicredit. She moved into sustainability in 2016 when she joined the non-profit CDP as head of their financial investor members. She then headed the ESG Client strategies and climate change strategies at Invesco Global Asset Management in EMEA, leading the growth of sustainability investment solutions and the set-up of the global asset manager’s climate strategy.

Authors of ESG thought leadership whitepapers, mentor, and contributor to industry initiatives in sustainable financing. Maria holds a CFA ESG, a diploma at Cambridge University Sustainability Leadership Institute, along with a CEMS Master and a bachelor’s degree in financial intermediaries at Bocconi University. Maria is a member of the CFA UK Climate and Investing committee, she is a mentor of the acceleration programme at the Cambridge Institute of Sustainability Leadership.

Sophie Dupre‑Echeverria

Chief risk and compliance officer

Gulf International Bank

Sophie is the chief risk and compliance officer of Gulf International Bank (UK) Limited. She is responsible for driving an effective risk culture throughout the company, designing the risk and compliance frameworks and overseeing risk management and regulatory compliance practices. Sophie joined GIB (UK) with extensive experience in the field, having previously served as executive director for compliance and operational risk control at UBS Asset Management. Before this, she was the global head of operational organisational risk at Barings and non-executive director of the Baring-Coller Secondaries Fund. Sophie was also an operational risk manager and the group head of investment risk framework at Schroders.

 

Sophie graduated from Université Lumière Lyon 2 with a master’s degree in economics and finance. She is a member of the Chartered Institute for Securities & Investment, a fellow of the Climate Safe Lending Network and a trustee of First Light South West, a charity supporting people affected by sexual violence and domestic abuse.

15:0015:30

Networking refreshments break

15:30 - 16:00

15:3016:00

Risk culture transformation in a turbulent time

15:30 - 16:00

What do recent bank failures tell us about risk culture and how to ensure it is embedded through the bank? How can risk managers best communicate matters of operational risk governance and appetite to the board? What is the best way to provide challenge to the front office? 

 

    Philip Alexander

    Desk editor, risk management and regulation

    Risk.net

    Philip Alexander is the risk management and regulation editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives, and central and eastern Europe.

    Prior to entering journalism, Philip edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

    HG

    Chief control officer, wealth and personal banking

    HSBC

    Wei Pang Bennett

    Deputy general manager and chief risk officer

    China Construction Bank

    Wei Bennett is the Deputy General Manager and Chief Risk Officer at the China Construction Bank London Branch (CCBLB). She is responsible for the CCBLB's enterprise risk management covering a spectrum of credit risk, market risk and operational risk. Wei also led the CCBLB's Culture & Change Programme in delivering robust culture, conduct and governance at the bank. Prior to CCBLB, Wei worked at Bank of England for 10 years across risk management & regulatory supervision areas. Wei is a keen promoter for the Sino-UK engagement and cooperation in financial markets and financial regulation, and contributed to the PBOC-BoE joint Symposium during the 10th UK-China Economic and Financial Dialogue ("EFD") in 2019, one to name. Wei has a PhD in Economics and is a qualified Chartered Financial Analyst (CFA). Wei has a number of publications in leading journals on implications of uncertainty to economic and financial activities. Wei's current interests include Green Finance and Data Analytical in risk management.  

    Richard Flood

    Managing director and global head of operational resilience risk

    State Street Bank

    Richard (Dick) Flood

     

    Dick is a managing director.  He is the global lead for the operational resilience risk function within State Street’s non-financial risk organization. Prior to his current role, Dick led operational risk across State Street’s EMEA business.

    Dick has worked at State Street for more than 30 years, where he has held various positions across both the first and second lines of defence in Boston and London.

    15:3515:45

    Technical seminar: ERM overview

    15:35 - 15:45

    Inge Edwards

    Sales executive

    Riskonnect

    16:0016:30

    Operational risk and resilience expectations: mapping, testing, and impact tolerances for critical business services

    16:00 - 16:30

    In the lead up to the 2025 deadline for FCA and Prudential Regulation Authority expectations on operational resilience, hear how firms are preparing and their thoughts on impending expectations.

    Gaurav Kapoor

    Co-CEO, co-founder

    MetricStream

    Gaurav Kapoor is the Co-CEO and Co-founder of MetricStream.

    Gaurav Kapoor has also served as chief operating officer with responsibility for the overall strategy, marketing, sales, partners, customer success, services and support.  Prior to that, he served as chief financial officer of MetricStream until 2010. He has nearly a decade of international operating experience with Citi and other organisations. He has been serving as an advisor and on the board of other Silicon Valley tech companies.

    Gaurav is a thought leader in integrated risk management with deep domain expertise and has built a legacy of innovation from the onset of governance, risk management, and compliance solutions. He has also served as a speaker and contributed writer for Garp, RMA and the Sifma investment community. He currently serves on the Forbes Technology Council.

    Previously, Gaurav held executive positions at OpenGrowth and ArcadiaOne. Prior to these, he spent several years in business, marketing, and operations roles at Citibank in Asia and in the U.S.

    He also serves on the board of Regalix, a digital innovation and marketing company. Gaurav has a bachelor's degree in technology (with Honors) from the Indian Institute of Technology (IIT), a degree in Business from FMS, Delhi, and an MBA from the Wharton Business School at the University of Pennsylvania, where he graduated as a Palmer Scholar.

    Robert Taylor

    Head of enterprise risk

    London Stock Exchange Group

    Cinzia Dicorato-Rura

    Head of Emea operational resilience risk

    State Street

    Benjamin Brundell

    Head of risk oversight, operational resilience

    Lloyd’s Banking Group

    Ben leads LBG’s oversight of operational resilience and technology resilience risks.  Ben enjoys building functions that anticipate new risk challenges, develop innovative ways of optimising the treatment of risk, and help our business succeed.  He has a passion for coaching, enhancing capability and bringing executives and regulators on the journey.  As LBG embarks on it’s biggest transformation yet, operational and technologyresilience remains at the forefront of our mission to Help Britain Prosper.

    16:3016:35

    Closing remarks
    Join the other Risk Europe track for the final session of the day.

    16:30 - 16:35

    Philip Alexander

    Desk editor, risk management and regulation

    Risk.net

    Philip Alexander is the risk management and regulation editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives, and central and eastern Europe.

    Prior to entering journalism, Philip edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

    17:3019:00

    Networking reception
    Devonshire Terrace

    17:30 - 19:00

    08:5009:00

    Introduction and housekeeping notes from the organisers
    Networking zone stage

    08:50 - 09:00

    09:0009:10

    Risk.net opening remarks

    09:00 - 09:10

    Rob Mannix

    Editor, investing

    Risk.net

    Rob Mannix is the desk editor for investment, covering systematic investment strategies from quant funds to factor investing. He was previously responsible for Risk.net’s insurance coverage.

    Based in the London office, Rob is interested in developments in the use of new types of data, the application of machine learning in investment, and research into systematic sources of return in markets. 

    Rob joined Infopro Digital (then Incisive Media) in 2008, having previously worked at Euromoney Institutional Investor, covering legal and regulatory issues affecting capital markets.

    09:1009:55

    Macro risks and preparing for the unexpected

    09:10 - 09:55

    • Preparing for an economic hard landing: inflation risk, energy crisis, central bank policy errors, recession and the pressure on corporate earnings that recession would bring. 

    • Geopolitical risks and building additional risk premia into your thinking: don’t rule anything out – China and Taiwan, developments in the Russia/ Ukraine war, new financial sanctions, food shortages and social unrest. 

    Erik Vynckier

    Board member

    Foresters Friendly Society

    Erik Vynckier is board member of Foresters Friendly Society, general partner of InsurTech Venture Partners and chair of the Institute and Faculty of Actuaries, following a career in investment banking, insurance, asset management and the petrochemical industry. He co-founded European Union initiatives on high performance computing and big data in finance, and co-authored High-performance computing in finance and Tercentenary essays on the philosophy and science of Leibniz.  Erik holds a master of business administration from the London Business School and as chemical engineer from Universiteit Gent.

    Antonello Russo

    Managing director

    BlackRock

    Antonello Russo is a director within BlackRock's risk and quantitative analysis group. He is responsible for the investment risk management of index strategies across Europe, the Middle East and Africa, spanning segregated mandates, commingled funds and the iShares exchange-traded fund range. Before joining BlackRock, Russo was head of risk for the investment management arm of Beazley, a Lloyds of London insurer. Prior to this, he worked for Deutsche Bank, where he was a director on the collateralised equity financing and prime brokerage sales desk, and before that a risk manager for fixed income. He holds an honour degree from Bocconi University in Milan, where he graduated in 1995 in monetary and financial economics.

     

    Anil Jhangiani

    Head of investment risk oversight

    USS Investment Management

    Juan Jose Salcedo

    Assistant vice president - risk governance and strategic analysis

    BNP Paribas UK

    Juan Jose is Assistant Vice President of the RISK Governance and Strategic Analysis team at BNP Paribas UK office. He oversees the Risk Appetite metric computation and management information for the global banking UK portfolio. He has a background in economics and statistics holding a master degree in economics from the London School of Economics and Political Science and a career that expands banking, consultancy, and economic research in three countries. More recently he’s been certified in Sustainability and Climate Risk. He is passionate about integrating market events into business decisions and over the lockdown periods picked up birdwatching a banana bread baking as hobbies.

    09:5510:20

    Adjusting approaches for analysing risk within portfolios against the backdrop of complete uncertainty
    Fireside chat

    09:55 - 10:20

    Mauro Cesa

    Quantitative finance editor

    Risk.net

    Mauro Cesa is quantitative finance editor for Risk.net, based in London. He leads the team responsible for the publication of quantitative research across all brands of the division. The section of Risk.net he manages, Cutting Edge, publishes peer-reviewed papers on derivatives, asset and risk management, and commodities.

    Mauro holds a degree in economics from the university of Trieste and a masters in quant finance from the University of Brescia.

    Antonello Russo

    Managing director

    BlackRock

    Antonello Russo is a director within BlackRock's risk and quantitative analysis group. He is responsible for the investment risk management of index strategies across Europe, the Middle East and Africa, spanning segregated mandates, commingled funds and the iShares exchange-traded fund range. Before joining BlackRock, Russo was head of risk for the investment management arm of Beazley, a Lloyds of London insurer. Prior to this, he worked for Deutsche Bank, where he was a director on the collateralised equity financing and prime brokerage sales desk, and before that a risk manager for fixed income. He holds an honour degree from Bocconi University in Milan, where he graduated in 1995 in monetary and financial economics.

     

    10:2011:00

    ESG and impact investing: how can investors truly integrate ESG?

    10:20 - 11:00

    • Which metrics matter most. 

    • How firms view ESG investing vs fiduciary duty in the current climate. 

    • How to quantify the financial impact of climate risk in an accurate way. 

    • Measuring the impact of a quick transition to a greener economy. 

    Alpesh Doshi

    Partner

    Redcliffe Capital

    Alpesh Doshi is a thought leader that focuses on how organisations can transform and future-proof their businesses using emerging technologies – particularly big data, analytics and blockchain. He is focused on innovative thinking and practical strategies to add value for his clients fast and often, introducing an agile approach of working to digital transformation.

    Eoin Murray

    Head of investment

    Federated Hermes Limited

    Eoin is Head of Investment and a member of the Senior Management Team for Federated Hermes Limited based in London. Eoin joined in January 2015 with almost 30 years’ investment experience. Eoin leads the Investment Office, which is responsible to clients for the investment teams’ consistent delivery of responsible, risk-adjusted performance and adherence to the processes which earned them their ‘kitemarks’. He is also the Executive sponsor for Diversity, Equity & Inclusion. Eoin is a Freeman of the City of London, a Liveryman of the Worshipful Company of Blacksmiths, Past Master of the Guild of Investment Managers, and a Fellow of the RSA. He is a member of the Exmoor Search and Rescue team, a fully qualified Swift-water Rescue Instructor, a Powerboat Rescue Operator, a Flood Water Incident Manager, and a Member of the Institute of Search & Technical Rescue. Eoin earned an MA (Hons) in Economics and Law from the University of Edinburgh and an MBA from Warwick Business School. Additionally, he has a Certificate in Energy Innovation and Emerging Technologies from Stanford University, a Certificate in Inclusive Leadership through Behavioural Science from the LSE, and a Diploma in Specialist Rescue from Coventry University.  He is currently studying for a Masters in Sustainable Aquaculture at the University of St Andrews.

     

    Sanne de Boer

    Director of quantitative equity research

    Voya Investment Management

    Sanne de Boer is director of Quantitative Equity Research at Voya Investment Management responsible for overseeing the firm’s quantitative equity research agenda. Prior to joining the firm, he was a senior research analyst for quantitative strategies for Invesco. Previously, he was a research analyst for global quantitative equities at QS Investors as well as ING Investment Management, Voya’s predecessor firm. Sanne’s research has been published in the Journal of Asset Management, the Journal of Index Investing, and the Journal of Investing. He received a Ph.D. in Operations Research from the Massachusetts Institute of Technology and an M.S. in Mathematics and an M.A. in Econometrics cum laude from the Vrije Universiteit Amsterdam. He holds the Chartered Financial Analyst designation.

    11:0011:30

    Networking refreshments break
    Including technical seminars (networking zone stage)

    10:30 - 11:00

    11:0511:15

    Technical seminar: Business continuity & resilience overview

    11:05 - 11:15

    Bradley Cornwell

    Director of pre-sales EMEA & APAC

    Riskonnect

    11:2011:30

    Technical seminar: Liquidity provision and technology partnership

    11:20 - 11:30

    Sam Horowitz

    Head of FX distribution and liquidity management

    CMC Markets

    Prior to joining CMC Markets in 2021, Sam ran global eFX trading for BBVA. Working alongside quant trading teams, he is responsible for ensuring that CMC Connect liquidity distribution aligns the needs of clients with risk management capabilities. With almost 30 years of wholesale FX industry experience, Sam also sits on the ACI's UK executive and Global FX Committees.

    11:3012:15

    Structural risk: what investors can do to protect themselves

    11:30 - 12:15

    • Liquidity squeezes and market risk: after banking turmoil in March and the UK LDI fiasco, what next?  

    • De-risking portfolios in a less certain world. 

    • Shifting regulatory expectations and requests for greater information sharing against the backdrop of greater assumed risk amongst buy-side firms. 

    Sebastjan Smodis

    Emea chief risk officer and global head of investment risk

    UBS

    Renato Zaffuto

    Global chief investment officer

    Fideuram Investments

    Renato Zaffuto

    Head of Investment Solutions

    Fideuram Asset Management

    Managing Director at Fideuram Asset Management UK since March 2020.

    Chief Investment Officer at Fideuram Investments from 2016 to 2020.Responsible for equites at Fideuram Asset Management Ireland from 2014 to April 2016.

    Previously he held senior positions at ABN AMRO Asset Management SGR, Banca MPS, Capitalgest SGR (Gruppo UBI), IMI-Fideuram Asset Management and Unicredit.

    Graduated with honours in Economics and Business Administration from Pavia University, where he also earned a Masters Degree in Finance and Control. He is Chartered Accountant, Financial Auditor and registered with the Register of Financial Advisors.

    Richard Bravery

    Managing director, risk and quantitative analysis

    BlackRock

    Richard Bravery, Managing Director, is a member of the BlackRocks Risk and Quantitative Analysis team. Since 2017 he has been the head of the EMEA Equity Risk team based in London where he is responsible for the investment risk management of the active equity strategies within the region. Prior to this he held roles within BlackRocks Behavioural Finance team and he also spent more than 10 years within BlackRock Solutions as the EMEA Head of the Financial Modelling Group, building risk models and analytics solutions, having started his career as a software engineer at Mercury Asset Management.

      
    Mr. Bravery holds an undergraduate degree in Medical Physics and a postgraduate degree in Information Technology from University College London.

    Rob Mannix

    Editor, investing

    Risk.net

    Rob Mannix is the desk editor for investment, covering systematic investment strategies from quant funds to factor investing. He was previously responsible for Risk.net’s insurance coverage.

    Based in the London office, Rob is interested in developments in the use of new types of data, the application of machine learning in investment, and research into systematic sources of return in markets. 

    Rob joined Infopro Digital (then Incisive Media) in 2008, having previously worked at Euromoney Institutional Investor, covering legal and regulatory issues affecting capital markets.

    12:1513:00

    How to develop risk people within your business against the backdrop of broader remits and shifting expectations
    Fireside chat

    12:15 - 13:00

    • Technical knowledge and qualifications that investors needed today; stakeholder management, coding, data sourcing and management. 

    • Mapping out the new syllabus: which qualifications are most relevant? 

    • Staff development, growing a talent pool and the role of mentoring. 

    • What is the new normal for hiring and training risk professionals? Experienced hires vs new starters. 

    Richard Jones

    Head of investment risk analysis and senior expert risk manager

    AXA Investment Managers

    Julien Haye

    Independent

    Julien is managing director & founder of Aevitium. Prior to founding his freelance consultancy Julien, worked at Fidelity International (FIL) from July 2017 as head of non-financial risk and has over twenty years’ experience in the financial industry. Haye has worked for several financial services institutions in treasury, risk, capital management, programme management and trading.

    13:0014:00

    Closing remarks and networking lunch break
    Join the other Risk Live Europe tracks for more sessions.

    13:00 - 14:00

    Rob Mannix

    Editor, investing

    Risk.net

    Rob Mannix is the desk editor for investment, covering systematic investment strategies from quant funds to factor investing. He was previously responsible for Risk.net’s insurance coverage.

    Based in the London office, Rob is interested in developments in the use of new types of data, the application of machine learning in investment, and research into systematic sources of return in markets. 

    Rob joined Infopro Digital (then Incisive Media) in 2008, having previously worked at Euromoney Institutional Investor, covering legal and regulatory issues affecting capital markets.

    17:3019:00

    Networking reception
    Devonshire Terrace

    17:30 - 19:00

    08:5009:00

    Introduction and housekeeping notes from the organisers
    Networking zone stage

    08:50 - 09:00

    09:0009:10

    FX Markets opening remarks
    FX Markets Europe room

    09:00 - 09:10

    Joe Parsons

    Global markets deputy editor

    FX Markets

    Joe Parsons is deputy editor on the global markets desk. He was formerly deputy editor at Global Custodian, and prior to that he was at The Trade.

    09:1009:40

    FX global code of conduct – the current state of play

    09:10 - 09:30

    Conception Alonso

    Head of section, international markets

    European Central Bank

    Conception Alonso is the head of the International Markets Section in the Directorate General Market Operations at the ECB.

    She has been working at the ECB since its inception where she first worked as economist in the Directorate General International Relations. She joined the Directorate Market Operations in 2004 and was involved in the implementation of monetary policy. From 2007 to 2016, she has primarily focused on the design and the implementation of non-standard monetary policy measures (fixed rate full allotment policy, longer term refinancing operations) and in particular the assets purchase programmes (ABSPP, CBPP3 and CSPP). She is heading the International Markets Section since November 2016 and is responsible for FX related matters, market intelligence in several market segments and the management of the ECB’s foreign reserves.

    Stephane Malrait

    Global head of market structure and innovation for financial markets

    ING Bank

    Stéphane Malrait is Managing Director, Global Head of Market Structure and Innovation for Financial Markets, at ING Bank. Stephane is responsible for following the market structure and industry challenges impacting the financial market industry. He is leading innovation activities internal to ING and also external partnerships and developments with Fintech companies. He actively contributes to industry working groups to represent ING Bank.

    Stéphane joined ING in 2015 to lead the bank e-commerce initiatives across all financial market products and to develop on the financial market group’s cross-asset eCommerce strategy. Before joining ING, Stephane spent eight years at Société Générale, where he was Global Head of FIC eCommerce, creating an eCommerce business covering credit, rates, money market, emerging market, and FX. Prior to this, Stéphane worked at JPMorgan Chase for ten years, serving in different roles in Global FX E-Commerce Business Management and cross-asset eCommerce technology and was based in London and New York.

    Stephane has a strong background in financial markets and understands the need for continued technological development to drive positive change in trading and market structure workflows. He is leading ING's Financial Market Innovation strategy and also working on the implementation of financial regulations that will impact the client trading activities and transform how the trading floor operates.

    Stephane is also a board member for several Fintech market initiatives and trading associations. Since 2005 he has been active with the ACI Financial Market Association - an international non-profit organisation that represents the interests of market professionals in foreign exchange and money markets. Here, he has chaired the ACI FX Committee, representing the views of professionals in the FX sector. He is also an active member of the ECB FX contact group working on the BIS Global FX code of conduct working groups.

    Lisa Dukes

    Co-founder and treasury consultant

    Dukes & King

    Lisa has over 15 years experience across senior roles spanning treasury, corporate finance & complex derivatives. More recently Lisa co-founded the corporate finance and risk management firm Dukes & King, putting this value driven expertise into practice for a greater number of corporates and funds. She is active in sharing corporate best practice in the application and development of value optimising risk management featuring in a number of global publications. Over the last few years in particular her focus has been structuring innovative new solutions, spanning the entire corporate finance spectrum. These multi-faceted derivatives and treasury solutions consider and balance the often competing factors to deliver the end-to-end solutions, many of which have won awards and high commendations. Lisa is also a member of the FX Joint Standing Committee chaired by the Bank of England and is the UK Representative to the Global FX Committee for the private sector.

    Joe Parsons

    Global markets deputy editor

    FX Markets

    Joe Parsons is deputy editor on the global markets desk. He was formerly deputy editor at Global Custodian, and prior to that he was at The Trade.

    09:4010:20

    How the FX market dealt with the recent bank turmoil

    09:40 - 10:20

    • The rumbling on of the Ukraine war – how to meet continuing challenges and mitigate exposure
    • How did the FX market function with lower liquidity and wider spreads during the banking crisis?
    • Banks and platforms perspective: record volumes in March following banking turmoil.
    • Lessons learnt which can inform responses to any new crises
    Hinrich Wilhelm Paul

    Global head of financial markets

    Commerzbank

    Hinrich Paul joined Commerzbank in 2010 starting his career in the inhouse consultancy of
    Commerzbank. After serving as Executive Assistant for the IB CEO Hinrich joined the trading
    desk of Commerzbank’s Treasury department and took over the local trading head for FX
    Germany thereafter. Since 2021 Hinrich is responsible for the global FX, IR and
    Commodities trading of Commerzbank.


    Hinrich holds a Master in Economics from the University of Tübingen.

    Eric Murphy

    Multi-asset dealer

    Irish Life Investment Managers

    Mayurun Uthayakumar

    Global head G10 FX flow options trading

    Credit Agricole CIB

    David Thorne

    Head of eFICC Europe and America

    ANZ

    David Thorne joined ANZ in 2017 having worked for both JP Morgan and RBS in eFX Trading as well working on the buy side. David has been within FX since 2004 and has worked both in Sydney and London. David now heads eFICC at ANZ within Europe and America as well as being responsible globally for liquidity management.

    10:2011:00

    Macro perspective: the next six months

    10:20 - 11:00

    • After the banking turmoil: what next?
    • Debt-ceiling and bank crisis – what impact could it have on volatility?
    • Energy crisis: predictions on what the next 6 months may hold.
    • Rates: impact of rising rates in the US/ UK – has it reached a crescendo?
    • The Fed’s next move: discussing wider implications
    • Examining merging currency trends
    • De-dollarisation: what will the pace of change be?
    David Page

    Head of macroeconomic research

    AXA Investment Managers

    David Page is head of macroeconomic research at AXA Investment Managers. He manages a global team of 10 economists and strategists, is a regular guest on Bloomberg TV and other global media. Page joined AXA Investment Managers in July 2014 as a senior economist to provide economics coverage on US and UK economies. He has written extensively on the US economy, covering elections, fundamental monetary policy debates and issues of fiscal stimulus. Before joining AXA Investment Managers, Page worked for four years at Lloyds Bank Commercial Banking as a senior economist, primarily covering the UK economy. During this time, he was twice voted the top forecaster in the region in 2011 and 2012 (and came third in 2013). Prior to this, Page worked for 10 years at Investec Bank as a global economist, primarily covering the UK and European economies. Before this, he spent five years in the Government Economic Service, initially working for the energy regulator before joining the UK Debt Management Office – an executive agency of HM Treasury – at its inception in 1998, considering issues of primary issuance for the UK gilt market. Page holds a masters of science degree in economics from the University of Warwick, UK and a bachelor's degree in Economics from the University of York.

     

    Francesco Pesole

    FX strategist

    ING

    Viraj Patel

    Senior strategist and partner

    Vanda research

    Viraj is a Senior Strategist and joined Vanda in 2020 from Arkera where he was Head of Macro & Geopolitics Research. Prior to this, Viraj worked as an FX Strategist at ING and had roles at Barclays Wealth and the Bank of England. Viraj graduated in Economics from the University of Cambridge and is a CFA charterholder.

    Arnob Biswas

    FX macro strategist

    SMC Global Securities

    11:0011:40

    Networking refreshments break
    Including technical seminars (networking zone stage)

    11:00 - 11:40

    11:0511:15

    Technical seminar: Business continuity & resilience overview

    11:05 - 11:15

    Bradley Cornwell

    Director of pre-sales EMEA & APAC

    Riskonnect

    11:2011:30

    Technical seminar: Liquidity provision and technology partnership

    11:20 - 11:30

    Sam Horowitz

    Head of FX distribution and liquidity management

    CMC Markets

    Prior to joining CMC Markets in 2021, Sam ran global eFX trading for BBVA. Working alongside quant trading teams, he is responsible for ensuring that CMC Connect liquidity distribution aligns the needs of clients with risk management capabilities. With almost 30 years of wholesale FX industry experience, Sam also sits on the ACI's UK executive and Global FX Committees.

    11:4012:40

    Current state of play: electronification

    11:40 - 12:40

    • Navigating the complex landscape of FX trade execution
    • Adoption of electronic execution: leveraging algos for maximum efficiency
    • Smart decision-making – the voice trading point of view: what makes sense from an electronic trading point of view, where to differentiate within electronic trading and where different protocols work
    • Is bespoke private liquidity the future?
    • Are public venues in terminal decline?
    Asif Razaq

    Global head of FX algo execution

    BNP Paribas

    Asif Razaq is an experienced foreign exchange algo trader with over 15 years of experience developing electronic trading platforms. He has a masters of science degree in artificial intelligence (AI) and joined BNP Paribas from Citi, where he worked on various initiatives including e-FX pricing engines and algorithmic trading. Utilising his experience in AI, Razaq developed and launched Cortex iX, a cutting-edge FX algorithmic execution platform that has been highly acclaimed by clients and industry experts globally.

    Allan Guild

    Director

    Hilltop Walk Consulting

    Divay Malhotra

    Director, FICC e-trading and market structure

    Bank of America

    Lilah Zaman

    Head of Europe electronic FX institutional sales

    Deutsche Bank

    John Stead

    Global head of pre-sales

    smartTrade

    John Stead is global head of pre-sales and marketing at smartTrade Technologies. He and his team are responsible for understanding client business requirements and showing how smartTrade can add long-term demonstrable value. Stead has over 15 years of experience in e-FX, working with sell-side clients, real money, brokers and hedge funds. As well as FX, he is particularly focused on the crypto market, the synergies between the asset classes and the benefits it can bring to the wider industry.

    Sam Horowitz

    Head of FX distribution and liquidity management

    CMC Markets

    Prior to joining CMC Markets in 2021, Sam ran global eFX trading for BBVA. Working alongside quant trading teams, he is responsible for ensuring that CMC Connect liquidity distribution aligns the needs of clients with risk management capabilities. With almost 30 years of wholesale FX industry experience, Sam also sits on the ACI's UK executive and Global FX Committees.

    12:4014:10

    Networking lunch

    12:40 - 14:10

    14:1014:40

    Large language models, NLP, ML and other AI: where FX trading desks are using new technologies

    14:10 - 14:40

    • Risks and rewards associated with implementing tech within FX dealing desks.
    • Are self-learning algos the future?
    • Will large language models become a big thing for FX traders?
    • The shifting focus of traders: what to automate and where you still need the human touch.
    Bhupen Velani

    Global head of transactional FX trading

    Bank of America

    Bhupen leads the Transactional FX Trading (TFX) business globally for BofA. He has ultimate responsibility for the market risk, pricing, P&L and governance associated with the FX flows the desk manage. As a product function, TFX are responsible for evolving the client offering and ensuring successful technology deployment into the client facing channels; this implies close collaboration and cross-over of activity between GTS and Consumer bank partners.

    Bhupen initially joined Bank of America in 2014 based in Hong Kong, where he led the TFX Trading business for the Asia Pacific region. In 2018 Bhupen relocated to London where he was tasked with evolving and growing the TFX business across EMEA. Leaving the Bank in 2021 he spent 18 months at JP Morgan before deciding to return to BofA.

    Prior to BofA, Bhupen spent 4 years at HSBC focusing on FX and FX payments. His broader experience covers FX risk management, FX derivatives and structuring. 

    Ralf Donner

    Head of FICC execution strategies

    Goldman Sachs

    Ralf Donner is Head of FICC Execution Strategies at Goldman Sachs. He is responsible for the firm’s client FICC algorithmic execution offering, pre- and intra-trade liquidity and transaction cost analytics, and post-trade reporting.

    Ralf started his professional career at ABN Amro in 2006 as an FX options quant, followed by 8 years with Morgan Stanley in London and New York, first in model validation of options pricing models and then in quant sales, focusing on systematic FX trading strategies and FX market microstructure. From 2014-2016 he ran Morgan Stanley’s QSI team in New York.

    Ralf holds a Masters in Physics and a Doctorate in Theoretical Physics from Oxford University.

    Duncan Wood

    Global editorial director

    Risk.net

    Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
    In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.

    14:4015:30

    Looking to the future of FX Prime Brokerage: rethinking assumptions as volatility returns

    14:40 - 15:30

    • Will clearing take off?
    • The impact of UMR deadlines on clients
    • How is volatility impacting FX markets and the prime brokerage business?
    • The impact of SA-CCR.
    • Overcoming challenges on liquidity.
    Marcus Butt

    Managing director prime services

    NatWest Markets

    Prior to taking responsibility for FX Prime Services, Marcus was responsible for sales across Prime Brokerage, Futures & OTC Clearing and for the OTC Clearing product in EMEA.

    Before joining RBS, Marcus spend 17 years at UBS where he held a number of roles in Prime Services, Securities Lending and FX

    Andy Ross

    Global head of prime brokerage

    Standard Chartered Bank

    Gemma Laman

    Managing director - global head of platform sales, foreign exchange

    HSBC

    Costas Mourselas

    Financial journalist

    Risk.net

    Costas Mourselas is a financial journalist and deputy editor on the risk management desk at Risk.net. He previously reported on derivatives at GlobalCapital. Costas has a bachelor’s degree in Philosophy, Politics and Economics from the University of York, UK.

    15:3016:00

    Networking refreshments break

    15:30 - 16:00

    15:3515:45

    Technical seminar: ERM overview

    15:35 - 15:45

    Inge Edwards

    Sales executive

    Riskonnect

    16:0016:40

    Tackling FX settlement challenges: the rise of risk

    16:00 - 16:40

    • Measuring FX settlement risk: how much is it growing?
    • New tools and technology: platforms to ease settlement risk.
    • Should there be incentives to reduce FX settlement risk?
    Alan Verschoyle-King

    Head of business development, emea head

    RTGS.global

    Alan is the Head of EMEA Business Development for RTGS.global, joining the firm in February 2023. During his career, Alan has held a series of senior leadership positions with firms such as Citi, Barclays, ABN Amro, BNY Mellon and Western Union Business Solutions. He has worked in Amsterdam, Frankfurt, London and New York in roles such as Global Head of Business Development, Global Head of Product Management, Regional Business Head and Global Head of AML Compliance. Alan is a qualified lawyer with extensive banking experience in payments, liquidity management, treasury management, risk management and tradefinance. An acknowledged Transaction Banking subject matter expert and thought leader, Alan is a regular speaker at leading industry events and advisor to a number of C-suite leadership teams.

     

    Allan Guild

    Director

    Hilltop Walk Consulting

    Myriam Sifaoui

    Global emerging chief operating officer and director

    Societe Generale Corporate and Investment Banking

     

     

    16:4017:20

    Closing keynote: the future of crypto trading and digital assets

    16:40 - 17:20

    As they crypto market rests in limbo, how are industry experts envisioning the future of crypto trading and digital assets?

    • DeFi.
    • Automated market making.
    • Where does crypto belong?
    Itay Tuchman

    Independent FX markets expert

    17:2017:30

    Closing remarks

    17:20 - 17:30

    Joe Parsons

    Global markets deputy editor

    FX Markets

    Joe Parsons is deputy editor on the global markets desk. He was formerly deputy editor at Global Custodian, and prior to that he was at The Trade.

    17:3019:00

    Networking reception & presentation of e-FX Awards
    Devonshire Terrace

    17:30 - 19:00

    Join us as trophies are presented to winners of the FX Markets e-FX Awards, recognising the dedication, skill and creativity that market participants pour into the growing, changing world of electronic foreign exchange trading.

    08:5009:00

    Introduction and housekeeping notes from the organisers
    Networking zone stage

    08:50 - 09:00

    09:5510:00

    Risk.net opening remarks

    09:40 - 10:00

    Sharon Thiruchelvam

    Regulation reporter

    Risk.net

    10:0010:30

    The current headwind for ESG investments and net zero goals
    Keynote presentation

    10:00 - 10:30

    • What does taking climate risk seriously mean in practice?  
    • Why does it require a different approach?
    • How has the current macro economic climate impacted on our journey to net zero, and what might the implications be?
    • Do “just transition” considerations have any place in our financial risk management risk frameworks, and how can we engage with them?
    Nick Stansbury

    Head of climate solutions

    Legal & General Investment Management

    Nick joined in 2013 as a Fund Manager in LGIM’s Global Equity team, focused on energy and natural resources. Prior to joining LGIM he was an Investment Director for Developed Asia and Global Emerging Markets at Standard Life Investments. He previously worked for an emerging market focused hedge fund investing in equities, convertible bonds and distressed debt. He has also worked in a corporate advisory role and as a software developer. Nick has a law degree (LLB.) and a Master’s in jurisprudence (MJur.), focused on securities law, from the University of Durham.

    10:3011:15

    Navigating regulatory and reporting requirements and expectations

    10:30 - 11:00

    • Efficiently managing multiple disclosure requirements for multi-jurisdictional financial institutions amid increasing divergence of requirements
    • Sustainable Finance Disclosure Regulation and the requirements for investment funds within the scope of Article 9
    • How standard developers can help achieve harmonisation
    • Speed and direction of travel for climate and environmental regulation
    Krista Tukiainen

    Founder and CCO, ClimateAligned; Senior advisor, Climate Bonds Initiative

    Jonathan Walker

    Associate director, Sustainable investment

    Gresham House

    Jonathan is Associate Director, Sustainable Investment at Gresham House, a specialist alternative asset manager with £7.8bn AUM. Jonathan has a particular focus on real assets, including sustainable infrastructure and housing and is involved in all aspects of sustainable investment, from impact measurement, to reporting, to tackling UK and European sustainable finance regulation.

    Before joining Gresham House, Jonathan worked at Morgan Stanley for six years, most recently as a research analyst within the Sustainability Research team ranked number one for SRI research in the European Institutional Investor survey. His primary areas of focus included cross-sector sustainability research and European sustainable finance regulation, as well as working closely with the firm’s institutional clients on incorporating ESG into their investment processes.

    Jonathan holds a first-class degree in English Literature from the University of Bristol and is a CFA charterholder.

    Sharon Thiruchelvam

    Regulation reporter

    Risk.net

    11:1511:45

    Networking refreshments break
    Including technical seminars (networking zone stage)

    10:30 - 11:00

    11:0511:15

    Technical seminar: Business continuity & resilience overview

    11:05 - 11:15

    Bradley Cornwell

    Director of pre-sales EMEA & APAC

    Riskonnect

    11:2011:30

    Technical seminar: Liquidity provision and technology partnership

    11:20 - 11:30

    Sam Horowitz

    Head of FX distribution and liquidity management

    CMC Markets

    Prior to joining CMC Markets in 2021, Sam ran global eFX trading for BBVA. Working alongside quant trading teams, he is responsible for ensuring that CMC Connect liquidity distribution aligns the needs of clients with risk management capabilities. With almost 30 years of wholesale FX industry experience, Sam also sits on the ACI's UK executive and Global FX Committees.

    11:4512:30

    Designing green portfolios: investment strategies, assets allocation, tactical green investing

    11:30 - 12:15

    Investment strategies/asset allocation

    • Investment approaches to designing green portfolios
    • Green bonds and derivatives: what else is available?
    • The role fixed income could play in ESG investing

    To divest or not divest?

    • Is stopping investment in oil, gas and electricity companies – which require enormous investment for transition – the right approach?
    • When to divest and when to work with companies to help them decarbonise
    • Which companies will be leaders in a low-carbon economy?

    S and G

    • Focusing on social and governance
      Ulf Erlandsson

      Founder and chief executive

      Anthropocene Fixed Income Institute

      Dr Ulf Erlandsson is CEO and Founder of the Anthropocene Fixed Income Institute (AFII), the research organisation empowering fixed income to drive the climate transition.

      Launched in 2020, AFII provides fixed income investors with the insights and tools they need to align their portfolios with ambitious climate targets. He previously ran global credit, SSAs and a total return alpha strategy at Swedish state pension fund, AP4. Prior to that, he was a quantitative strategist at Barclays Capital.

      Ulf’s publication record covers a spectrum of credit and climate pieces such as “Credit alpha and CO2 reduction”, “High-frequency CDS index trading”, “Carbon negative leveraged investment strategies”, “An option pricing approach for sustainability-linked bonds” and books such as “Systematic CDS index trading handbook”, “CDS curve trading handbook” and “Empirical analysis of the credit cycle.”

      Dr Erlandsson was awarded Environmental Finance’s Bond Personality of the Year 2022 as well as CFA Sweden’s ESG Prize 2021. He earned his Ph.D. in Economics from Lund University.

      Anna McDonald

      Director, global ESG strategy

      PGIM

      Anna McDonald is a Director, Global ESG Strategy at PGIM based in London, UK. She joined PGIM in 2022 from the Church of England where she ran the Ethical Investment Advisory Group providing ethical investment advice to the Church’s investing bodies which include the Church Commissioners’ for England, the Church of England Pensions Board and the CBF Church of England Funds, managed by CCLA. Prior to moving into asset management, she spent nearly twenty years in investment banking with Barclays, Société Générale and BNP Paribas.

      Mili Fomicov

      Co-director, Centre for Climate Finance & Investment

      Imperial College London

       

      Mili Fomicov is a researcher at the Centre for Climate Finance and Investment, Imperial College London. Before joining Imperial College, she was a Director and Portfolio Manager in the Multi-Asset Strategies team at BlackRock. Previously, Mili was a Portfolio Manager on J.P. Morgan's CIO team, and managed US and Japan equity funds at Barclays. She started her career at AllianceBernstein in the US. She is a graduate of the University of Chicago Booth School of Business, where she received an MBA in Finance, Economics, Econometrics and Statistics

      12:3013:10

      Analytics, data and effective ways of measuring climate risk and ESG

      12:15 - 12:50

      • Increasing sophistication of available climate change risk metrics: what has already been achieved and what has yet to be improved?
      • With many different companies providing ESG and climate risk data and ratings, is there a need for more unified and harmonised methodology?  
      • Climate risk data methodology: buy or develop in-house?
      • How can AI and machine learning models help handle climate data?
      Victoria Collins

      Global head of climate risk and ESG

      Nomura

      Victoria’s career spans over 25 years working in financial institutions, in trading, finance and risk roles, predominately in Risk Management. She has been with Nomura for ten years, focused on enterprise-wide risk management. She was appointed Global Head of Climate Risk & ESG three years ago. She is responsible for establishing and managing the global risk management framework for Climate Risk and ESG, and for ensuring risk management is aligned to the firm’s Sustainability objectives, such as Net Zero.

      Matthew Wright

      Research analyst

      Impax Asset Management

      Matthew works in Impax’s Listed Equities team, covering companies across the water value chain. He is also a specialist in physical climate risk research and impact, as they apply to Impax’s investments.
       
      Matthew previously worked as an analyst in both a management consulting firm and in his first role as a carbon data analyst for an investment data analytics company, formerly known as Engaged Tracking.
       
      He graduated from Imperial College London after gaining a master’s degree in Environmental Technology with a focus on environmental economics and policy. Matthew also has a bachelor’s degree in Geophysics from Imperial College London.

      Andres Guerra Londoño

      Strategy director

      Clarity AI

      Andres currently works in global business strategy at Clarity AI. Previously, he was a Senior Vice President in the Energy team at London-based investment bank Hannam & Partners, where he advised companies and investors in M&A transactions and capital raises globally. He has over ten years of experience in energy and finance.

      Stella Farrington

      Commercial editor

      Risk.net

      Stella Farrington has been writing about energy markets for over 20 years, working at Futures World News and Dow Jones Newswires before moving to Energy Risk in 2004. She spent eight years as the editor of Energy Risk and six as a writer, before moving into her current role as Energy Risk’s head of content and a commercial editor with Infopro Digital’s Ignite team.

      13:1014:00

      Networking lunch

      12:50 - 14:00

      14:0014:45

      Climate risk models and metrics: what works and what doesn't?

      14:00 - 14:45

      • The challenges of meeting ESG/climate stress-testing requirements
      • Addressing methodology challenges such as extended time horizons and extensive use of proxies and assumptions in ESG stress-testing.  
      • Climate value-at-risk: measuring the impact of climate risk in assets valuations
      Prerna Divecha

      Global lead, market strategy and development, climate-linked credit and risk solutions

      S&P Global Market Intelligence

      Prerna leads the global market strategy for our Climate and ESG-linked Credit & Risk Solutions. She joined S&P Global Market Intelligence in May 2017 as a Director in the Product Specialist team for Credit Risk Solutions, leading efforts in South East Asia and Japan.

      Previously she was at Fitch Ratings where she was part of the Business and Relationship Management team in Singapore managing new business initiatives for the corporate ratings business. Prior to that, she spent 2 years at Standard Chartered on the debt markets desk, where she assisted Indian corporates in issuing debt in G3 and select Asian currencies, such as SGD and JPY. She also spent 7 years in J.P. Morgan’s investment banking team, covering financial institution clients in India. Prerna is a certified Chartered Accountant from India.

      David Carlin

      Climate risk lead

      UN Environment Programme Finance Initiative

      David Carlin is an acknowledged authority on climate change and its implications for the financial system. He is the founder of Cambium Global Solutions, an advisor to governments, corporates, and financial institutions on climate and ESG topics. He has authored numerous reports that provide practical tools for financial actors looking to address climate change and has run capacity-building programs for financial institutions and supervisors around the world. 

      David is the head of climate risk and TCFD for the UN Environment Programme’s- Finance Initiative (UNEP FI). Over the past years, he has worked with over 100 global banks, investors, and insurers on climate scenarios, climate risk assessments, and climate governance. 

      He is an advisor to UNEP FI’s TNFD pilot program on nature and biodiversity related risks as well as the Net-Zero Banking Alliance (NZBA). He has also been a technical advisor to the Glasgow Financial Alliances for Net Zero (GFANZ). David is also a contributor to Forbes and a Senior Associate at Cambridge’s Institute for Sustainability Leadership (CISL).

      David has worked as a Principal in Finance, Risk, and Public Policy for Oliver Wyman and in Model Risk Management for PNC Bank. His background is in quantitative modeling and decision science.

      Navin Rauniar

      Co-chair, ESG working group, and member & UK SteerCo member

      Professional Risk Managers'​ International Association

      Stella Farrington

      Commercial editor

      Risk.net

      Stella Farrington has been writing about energy markets for over 20 years, working at Futures World News and Dow Jones Newswires before moving to Energy Risk in 2004. She spent eight years as the editor of Energy Risk and six as a writer, before moving into her current role as Energy Risk’s head of content and a commercial editor with Infopro Digital’s Ignite team.

      14:4515:30

      Practical implementation and delivering on climate promises in your organisation

      14:40 - 15:10

      Many organisations have put forward ambitious ESG/climate risk goals without necessarily being able to fully measure them. But how can these ambitious goals be achieved? Climate risk and sustainability leaders from a number of financial institutions will share their practical perspective.

      • What action points are needed to achieve net zero 2050?
      • The importance of engaging and working with clients
      • Using transition finance as a key to meeting net zero targets
      Margot von Aesch

      Head of sustainable investment management

      Schroders

      Margot von Aesch is Head of Sustainable Investment Management at Schroders, looking after the sustainable research, models and integration teams. She joined Schroders in 2021 and is based in London.

      Between 2014 and 2021, Margot occupied a number of different roles at Redburn, an independent equity research house where she became a partner in 2018. Her roles included Co-Head of ESG, Head of Sales and Income Specialist. Prior to Redburn, Margot worked in Equity Sales for institutions such as BNP Paribas, Natixis and Société Générale, in Paris and London. She started her financial career with Cazenove in 2000.

      Margot sits on the Board of the Sevenoaks Suns Basketball Club. She is also a member of the Senior Business Leaders Group of Women in Banking and Finance.

      Margot holds a BSc (Hons) in Economics from the School of Oriental and African Studies.

      David Carlin

      Climate risk lead

      UN Environment Programme Finance Initiative

      David Carlin is an acknowledged authority on climate change and its implications for the financial system. He is the founder of Cambium Global Solutions, an advisor to governments, corporates, and financial institutions on climate and ESG topics. He has authored numerous reports that provide practical tools for financial actors looking to address climate change and has run capacity-building programs for financial institutions and supervisors around the world. 

      David is the head of climate risk and TCFD for the UN Environment Programme’s- Finance Initiative (UNEP FI). Over the past years, he has worked with over 100 global banks, investors, and insurers on climate scenarios, climate risk assessments, and climate governance. 

      He is an advisor to UNEP FI’s TNFD pilot program on nature and biodiversity related risks as well as the Net-Zero Banking Alliance (NZBA). He has also been a technical advisor to the Glasgow Financial Alliances for Net Zero (GFANZ). David is also a contributor to Forbes and a Senior Associate at Cambridge’s Institute for Sustainability Leadership (CISL).

      David has worked as a Principal in Finance, Risk, and Public Policy for Oliver Wyman and in Model Risk Management for PNC Bank. His background is in quantitative modeling and decision science.

      Krista Tukiainen

      Founder and CCO, ClimateAligned; Senior advisor, Climate Bonds Initiative

      15:3016:00

      Networking refreshments break
      Including technical seminars (networking zone stage)

      10:30 - 11:00

      15:3515:45

      Technical seminar: ERM overview

      15:35 - 15:45

      Inge Edwards

      Sales executive

      Riskonnect

      16:0016:30

      Addressing capital requirements over climate risk

      15:10 - 15:30

      • Incorporating climate risk into capital: challenges and ways to overcome them
      • Is capital the right lever for climate risk: what are other approaches exist?
      Navin Rauniar

      Co-chair, ESG working group, and member & UK SteerCo member

      Professional Risk Managers'​ International Association

      16:3016:55

      Looking beyond climate

      16:00 - 16:25

      Biodiversity: how financial institutions can integrate climate and nature

      Nina Seega

      Director, Centre for Sustainable Finance

      Cambridge Institute for Sustainability Leadership

      Dr Nina Seega is the Director of the Centre for Sustainable Finance at the Cambridge Institute for Sustainability Leadership (CISL). The Centre incorporates CISL’s finance industry groups to provide the insight and cooperation needed to advance policy and market practices including; the Banking Environment Initiative (created in 2010 by CEOs of some of the world’s largest banks) ClimateWise (set up in 2007 for global insurance), and the Investment Leaders Group (leading investment managers and asset owners with over $ 14 trillion under management). Nina has worked with De Nederlandsche Bank (DNB) on the financial impact of disruptive energy transition, collaborated with the South African National Treasury and Banco de Mexico on embedding environmental scenarios into financial risk frameworks, and was the knowledge partner for the G20 Green Finance Study Group in 2016 and 2017. Previously, Nina was the Head of the London Traded Products Desk for Dresdner Kleinwort. In addition to her role at University of Cambridge Institute for Sustainability Leadership, Nina is a member of the Sustainable Finance Advisory Panel at the Monetary Authority of Singapore, Strategic Advisory Board on Sustainable Finance at the British Standards Institute, the Sustainable Finance Scientific Council at S&P Ratings, and the Board of Directors at the Global Research Alliance for Sustainable Finance.

      Nina is driven by mainstreaming environmental and social considerations into daily financial and corporate decision making. Previously a risk manager with leadership experience in traded credit risk management. Nina has defended her PhD on strategic practices that drive resilience in finance at the University of Cambridge. She also holds an MPhil in Innovation, Strategy and Organisation from University of Cambridge and an MSc in Information Systems from the London School of Economics.

      16:5517:00

      Closing remarks
      Join the Risk Europe track for the final sessions of the day.

      16:25 - 16:30

      Sharon Thiruchelvam

      Regulation reporter

      Risk.net

      17:3019:00

      Networking reception
      Devonshire Terrace

      17:30 - 19:00