2017 IFSWF Annual Meeting Members' Agenda

0800

Registration

0900

Opening Remarks
Astor Ballroom

• Bakytzhan Sagintayev, Prime Minister of Kazakhstan
• Adrian Orr, IFSWF Chair; CEO, New Zealand Superannuation Fund
• Umirzak Shukeyev, CEO, Samruk–Kazyna

0945

Keynote address: Seismic Shifts – the Global Investment Environment
Astor Ballroom

Sheila Patel, Chief Executive Officer of International & Global Co-Head of Client Business, Goldman Sachs Asset Management 

Today's environment presents unique opportunities and challenges for all of us – both investors and innovators. Technology continues to evolve, stakeholders have access to unprecedented amounts of information, and themes such as ESG and the New Silk Road will reverberate through portfolios in potentially unanticipated ways. Are we prepared for the disruptions ahead, and are there ways in which we as investors should be the disrupters ourselves? 

1030

Panel: Risk Management in Uncertain Global Markets
Astor Ballroom

In today’s environment, some types of risks – political and regulatory, environmental, and cyber, amongst others – are becoming more material to investment outcomes than ever before. This panel will discuss how risk managers can factor these risks into their day-to-day processes, and which risks are considered most pressing.

• Moderator: Patrick Schena, Adjunct Assistant Professor of International Business Relations at The Fletcher School, Tufts University
• Zhao Haiying, Chief Risk Officer, China Investment Corporation
• Keith Featherstone, Senior Tax Counsel, Abu Dhabi Investment Authority
• Serikzhan Rysbekov, Deputy CEO, Chief Risk Officer, National Investment Corporation, National Bank of Kazakhstan
• Abed Al Abwah, Chief Audit Executive, Palestine Investment Fund

1130

Panel: Asset Allocation in a Low-Return World
Astor Ballroom

While many SWFs have reacted to the protracted period of low interest rates and low returns by increasing allocations to private markets, others are wary of doing so. Some are looking for different ways to diversify their portfolios and find alpha. Others are choosing not to chase returns by moving up the risk curve. This panel will discuss a range of different responses and asset allocation strategies for the low-return environment.

• Moderator: Abdiel Santiago, Secretary, Fondo Ahorro de Panama
• Francisco Vergara, Head of SWF Unit, Ministry of Finance, Chile
• David Neal, CEO, Future Fund
• Sheila Patel, Chief Executive Officer of International & Global Co-Head of Client Business, Goldman Sachs Asset Management 
• Louis de Montpellier, Head of Official Institutions, State Street Global Advisors

1230

LUNCH
Winter Garden Restaurant

Address: Change is inevitable; successful change isn't

Campbell Macpherson, Founder, Change & Strategy International, former Senior Adviser to the Abu Dhabi Investment Authority and author of The Change Catalyst: secrets to successful and sustainable business change, a 2017 Wiley publication.

Change is inevitable yet 88% of change initiatives, business strategies, mergers and acquisitions fail to deliver. Campbell will explain why change has such a spectacular failure rate and detail what you can do to ensure your next change or strategy is among the 1 in 8 that succeeds. He will also pose four key questions, the answers to which will drive your future success.

1230

IFSWF Board Meeting
Barys Meeting Room

1400

Panel: ESG for Public and Private Markets
Astor Ballroom

ESG considerations have become an increasingly important part of investment and risk management processes. But how they are applied varies widely depending on the type of asset. This panel will take a wide-ranging look at methods used by investors in public and private markets.

• Moderator: Catherine Savage, Chair, New Zealand Superannuation Fund
• Eugene O’Callaghan, CEO, Ireland Strategic Investment Fund
• Tarik Senhaji, CEO, Ithmar Capital
• Baljeet Kaur Grewal, Managing Director for Strategy and Portfolio Investment, Samruk–Kazyna
• Archie Beeching, Senior Manager, Fixed income and infrastructure, PRI

1500

COFFEE BREAK
Astor Ballroom Foyer

1530

Panel: Technology on the Rise: how can SWFs be ready?
Astor Ballroom

To improve efficiency, the financial services industry is adopting advances in data science and machine learning at a rapid pace. These innovations will affect the way investors identify alpha opportunities, analyse risks, manage data, and reconcile trades. This panel will explore implications of this trend for SWFs, and focus on portfolio and risk management activities.

• Moderator: Stephen Lawrence, Head of Quantextual Research, State Street Global Exchange
• John Tang, Managing Director, Private Equity, GIC
• Yeszhan Birtanov, Former CEO, National Investment Corporation of National Bank of Kazakhstan
• Tarek Selim, CFO/COO, Arabesque Asset Management

1630

Summing up

• Duncan Bonfield, CEO, IFSWF Secretariat

1700

Committee Meetings

• Governance Committee: Arlan Meeting Room
• Investment Practice Committee: Barys Meeting Room
• Regulation and Representation Committee: Irbis Meeting Room

0830

IFSWF Annual General Meeting
Astor Ballroom

0830 – 0840 Opening of meeting and Chair’s speech
0840 – 0855 CEO report (operational review, 2016 accounts, 2018 activities)
0855 – 0910 Update from committees
0910 – 0920 Proposal for creation of new Advisory Committee
0920 – 0925 Formal approval of accounts; Formal approval of 2019 annual meeting venue
0925 – 0930 Other business and questions to the Board

0930

IFSWF Group Photo

1000

COFFEE BREAK
Astor Ballroom Foyer

1030

Scenario Planning Seminar: Engaging with Uncertain Futures
Astor Ballroom

NormannPartners, a respected strategy consulting firm with strong links to the University of Oxford, will lead a seminar on scenario planning. They will review how uncertainty and foresight tools are used by our members and introduce the methodology of scenario planning using a couple of sets of scenarios developed for the annual meeting, with which participants will explore plausible future contexts.

The interactive seminar will be led by Prof Rafael Ramirez and Gerard Drenth.

1230

LUNCH
Winter Garden Restaurant

Address: Mario Giannini, CEO, Hamilton Lane

1400

Private Equity Transaction Workshop
Astor Ballroom

More IFSWF members are allocating to private equity, but many are still building the necessary skill sets and teams to be successful. Gavin Wilson and Reyaz Ahmad from the IFC Asset Management Company will lead an interactive discussion of the asset class using real-life cases to illustrate practical issues and choices members will likely encounter as they grow their PE exposure.

• Moderators: Gavin Wilson, CEO, IFC Asset Management Company; Reyaz Ahmad CIO & Head, Fund of Funds, IFC Asset Management Company
• John Tang, Managing Director, Private Equity, GIC
• Uche Orji, CEO, Nigeria Sovereign Investment Authority
• Mario Giannini, CEO, Hamilton Lane
• Will Jackson-Moore, Global Private Equity & Sovereign Investment Fund Leader, PwC

1600

COFFEE BREAK
Astor Ballroom Foyer

1600

Press conference
Tulpar Meeting Room

1500

Registration for external participants

Signing of Memoranda of Understanding
Astor Ballroom

Samruk-Kazyna will be signing memoranda of understanding with the World Bank, Italy's sovereign wealth fund CDP Equity, and GE Digital.

Address

Kairat Kelimbetov, Governor, Astana International Finance Centre

1700

Panel: Developing a Digital Economy
Astor Ballroom

By disrupting familiar systems such as communications and transportation, new technologies are radically changing the way that economies and businesses work. But how can sovereign wealth funds best facilitate the growth of these technologies at home and abroad? What and where is the next investment opportunity?

• Moderator: John Defterios, CNNMoney Emerging Markets Editor
• Akylzhan Baimagambetov, CEO, National Investment Corporation, National Bank of Kazakhstan
• Christoph Schweizer, Senior Partner and Managing Director, Chairman CEEMA, Boston Consulting Group
• Deborah Sherry, General Manager and Chief Commercial Officer, GE Digital Europe
• Yerzhan Tutkushev, Co-Managing Director of New Industries' Development, Samruk-Kazyna‎

1800– 1805

Closing Remarks

• Duncan Bonfield, CEO, IFSWF Secretariat

1900

Gala Dinner
Astana Music Hall

0900

Opening Remarks: The Many Roles of Sovereign Wealth Funds
Astor Ballroom

• Adrian Orr, IFSWF Chair; CEO, New Zealand Superannuation Fund

0930

Panel: Dynamic Development – Harnessing the Power of Sovereign Wealth Funds
Astor Ballroom

The number of state-owned strategic funds, with mandates to attract investment, manage state-owned assets and foster economic development, has grown rapidly since the financial crisis. This new generation of SWFs has reinvented and expanded their remit, adapting it to their specific local challenges. This panel will discuss these funds’ macroeconomic role as well as the strategies and metrics they adopt to help them deliver on their mandate.

• Moderator: Duncan Bonfield, Chief Executive, IFSWF
• Mehmet Bostan, CEO, Turkiye Wealth Fund
• Baljeet Kaur Grewal, Managing Director for Strategy and Portfolio Investment, Samruk-Kazyna
• Eugene O’Callaghan, CEO, Ireland Strategic Investment Fund
• Guido Rivolta, CEO, CDP Equity
• Tarik Senhaji, CEO, Ithmar Capital

1045

COFFEE BREAK
Astor Ballroom Foyer

1115

Panel: Effective Privatisations – the Role of Sovereign Wealth Funds
Astor Ballroom

A growing number of sovereign wealth funds have the responsibility of transforming state-owned enterprises from struggling monopolies to vibrant commercial entities. This panel will discuss the challenges of this process and the technicalities of the privatisation process, whether through IPO or bringing in a strategic investor.

• Moderator: Roberto Marsella, Director of Investments, CDP Equity
• Dato' Mohd Izani Ghani, Executive Director, Investments, Khazanah Nasional Berhad
• Janet Heckman, Former Director for Kazakhstan, European Bank for Reconstruction & Development
• Shaun Reader, Partner, Curtis, Mallet-Prevost, Colt & Mosle LLP
• Riaz Rizvi, Chief Commercial Officer, Kazatomprom
• Dauren Tasmagambetov, Head of Asset Restructuring and Privatisation, Samruk-Kazyna
• Hung Tran, Executive Managing Director, Institute of International Finance

1230

LUNCH
Winter Garden Restaurant

1400

Panel: A new globalisation – China’s Belt and Road Initiative
Astor Ballroom

China’s Belt and Road Initiative seeks to build infrastructure to enhance economic, political & financial ties between China, Asia, Africa and Western Europe across land & sea. But how will it be accomplished? What is its significance? What are the implications for investors?

• Moderator: Hassan El Khatib, Managing Director Equity, European Bank for Reconstruction & Development
• Kanat Alpysbayev, President, KTZ (Kazakhstan Railways)
• Yuri Babin, Director, Investor Relations, Russian Direct Investment Fund
• Li Keping, Senior Advisor, China Investment Corporation
• Yang Luo, Managing Director, Silk Road Fund
• Niels Knudsen, Team leader South-South and Global Development Cooperation, United Nations Development Programme 
• Yee Ean Pang, Director General of Investment Operations, Asian Infrastructure Investment Bank
• Saken Sarsenov, Chief Executive Officer, Kazpost

1515

Closing Remarks

1530

Buses leave for Expo

1600

Expo Tour