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Informa
Sep 25
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08:30 - 09:00 30 mins
Registration & Refreshments
09:00 - 09:05 5 mins
Chair’s Opening Remarks
  • Chair Andrew Kehoe - Head of Legal, KB Associates
09:05 - 10:00 55 mins
European Regulatory Overview; Key Updates and Developments
  • Developing regulatory challenges for European asset managers
    • EMIR II, AIFMD Review
  • CMU Action Plan; countdown to 2019 deadline; impact on UCITS and AIFMD
  • PRIIPs Review; what’s the current state of play?
    • How costs and charges disclosure reforms are working in practice
  • Market responses to the proposed centralization of regulatory power with ESAs
  • Impact of upcoming EU securitisation regulation on UCITS and AIFs
  • Agathi Pafili - Senior Regulatory Policy Advisor, EFAMA - European Fund and Asset Management Association
  • Amandine Garcia Villar - Senior Policy Advisor, AMF
  • Amanda Hale - Head of Regulatory Services, Trustee and Fiduciary Services, Citibank Europe PLC
  • Moderator Vitali Schetle, CFA - Director, Head Product Legal Engineering, Conducting Officer, Vontobel Asset Management, Luxembourg
10:00 - 10:45 45 mins
Global Trends & Developing Fund Flows; Responses to Article 50
  • Developing fund flows; understanding the current trends in Europe
    • Trending asset classes, domiciliation trends
    • Influence of Brexit vote on fund flows so far
  • Evolving investor demands
    • Investor appetite in sustainable investing; ESG investment opportunities
    • Fee sensitivity; jurisdictional variations
      • Fund structure negotiation; flat fee structure
      • Impact; does this over-complicate the product offering?
  • Moderator Paul Fenlon - Product Manager, Fixed Income, M&G Investments
  • Jean-Jacques Duhot - Founder and Chief Investment Officer, Arctic Blue Capital
  • Gian Luca Giurlani - Managing Director, TCW
  • James von Claer - Director, Arabesque Asset Management
  • François Gardin - Head of Product Strategy, Invesco
10:45 - 11:15 30 mins
Networking Coffee Break
11:15 - 12:05 50 mins
Brexit: Where Are We Now?
  • Brexit planning; industry movements to date
    • Where do various market participants stand? How have various national regulators responded to memorandums of understanding?
    • Firms forming pan-European operating models; broader impact
  • Brexit interim period; March 2019 – December 2020; how will UK funds and managers cope with adopting EU legislation once the UK has no official EU influence?
  • ESMA’s approach to delegated duties; impact on UK asset managers
  • Post-Brexit dynamics; opportunities in various domiciles; which jurisdiction stands to gain the most?
    • Lack of passporting post-Brexit; licensing in different jurisdictions
    • To what extent will the UK remain an attractive institutional market post-Brexit?
  • Moderator Giles Swan - Director of Global Funds Policy, ICI Global
  • James Ross - Head of Regulatory Developments EMEA, Columbia Threadneedle
  • Stephane Janin - Head of Global Regulatory Development, AXA Investment Managers
  • Kyra Brown - Senior Regulatory Change Consultant, Aberdeen Standard
  • Rob Graham - Associate General Counsel - Europe, Middle East, Africa, Franklin Templeton Investments
12:05 - 12:55 50 mins
The Changing Face of Distribution: New Choices & Challenges
  • The cross-border distribution landscape; changing market dynamics
  • Increased industry restructuring; impact on distribution
  • The proposed strengthening of ESAs and increased power for ESMA
    • Overall impact; will the industry have any influence on the decision?
  • The European Commission’s proposal to reduce barriers to cross-border distribution / ESMA’s attempt to increase harmony in the region vs. the efforts of individual jurisdictions to increase barriers
  • Are share classes in Europe too fragmented?
  • Navigating the increasingly automated and digitized distribution landscape
  • Silvia Nani - Co-head of Dublin Office, Zeidler Legal Services
  • Rishabh Bhandari - Managing Counsel, Wells Fargo EMEA
  • Moderator Julian Mayo - Chief Investment Strategy, Fiera Capital (UK) Ltd
  • Sascha Calisan - ‎Head, Fund Distribution Support, Northern Trust
  • Karine Gabai - Senior Legal Counsel, Natixis Investment Managers
  • Marcus Kuntz - Head of Sales International, Universal Investment Luxembourg S.A.
12:55 - 14:00 65 mins
Lunch
14:00 - 14:50 50 mins
Successfully Launching Funds in Europe
  • Key insight into the practical challenges of launching in Europe
    • Regulatory considerations; the differences between launching UCITs and AIFs
    • Comparing fund types and their different launching requirements
    • Selecting your fund structure and legal structure
    • Securing promoter, fund and service provider approval
    • Goldplating of the A36/A42 AIFMD marketing provisions, interpretations of permitted pre-marketing and reverse enquiry
  • Main variables that impact success; strategy, credibility, infrastructure
    • Why do managers struggle to raise capital?
      • Differentiating your offering, securing your distribution network, the constraints of UCITS requirements
  • Moderator Tara Newbery - VP, Corporate Counsel, PGIM
  • Andrew Marks - Head of EMEA Distribution, Managing Director, Artisan Partners UK LLP
  • Anja Grenner - Director, Funds, Intertrust Luxembourg
  • Serena McMullen - Senior Associate, aosphere LLP
  • Andrew Caruana Scicluna - Associate, Camilleri Preziosi (Member of FinanceMalta)
14:50 - 15:35 45 mins
The Future of Outsourcing and Third Party ManCos
  • Impact of the rise of Third Party ManCos on fund distribution in Europe
  • Creation of ManCos outside of the UK in response to Brexit / MiFID II; industry impact
  • Where is business for ManCos coming from? Which markets?
    • Investor perspective; getting value for money
  • The pros and cons of electing a Third Party ManCo vs establishing a proprietary ManCo, AIFM or SuperManCo / self-managed structure
    • Practical challenges
    • Substance of the UCITS ManCo
  • Brian Dunleavy - Senior Consultant, KB Associates
  • Donnacha Loughrey - Managing Director & CIO, Crossroads Capital Management Ltd
  • Andrea Angelone - Partner, Amagis Capital
  • Moderator Conor Hoey - Head of Sales and Relationship Management, Gemini Capital
15:35 - 16:25 50 mins
MiFID II; Post-Implementation Challenges and Solutions
  • MiFID II – initial responses; industry insight
    • To what extent have the rules been practically implemented?
    • Are regulatory goals being achieved?
  • Impact of MiFID II on marketing material
  • Ban on inducements; impact on IFAs and the broader industry
  • Achieving full compliance
    • Defining target markets; market approach
    • Ensuring targeted distribution
    • Suitability and reporting requirements; what managers should be reporting according to jurisdiction
  • Fees and transparency – tackling the burden for service providers and asset managers
  • Chris Muyldermans - Counsel EU Public Policy & Regulatory Affairs, KBC Group NV
  • Magdalena Kuper - Vice President, Legal, BVI
  • Steve Bennett - Co-Founder, Distributor Due Diligence
16:25 - 16:30 5 mins
Chair’s Closing Remarks
  • Chair Andrew Kehoe - Head of Legal, KB Associates
16:30 - 17:00 30 mins
Drinks Reception and End of Day One