Overview – Tuesday – February 26

8:30am – 9:00am

REGISTRATION AND COFFEE

9:00am – 9:15am

WELCOME AND INTRODUCTION

9:15am – 9:45am

BLOCKCHAIN INNOVATION IN CAPITAL MARKETS

In this keynote session, we hear how blockchain technologies can revolutionise the market and address the inherent inefficiencies of financial markets, structures and processes.

Peter Randall

Chief executive, SETL

Chair

Colin Tate

Chief executive, Conexus Financial

9:45am – 10:30am

BEST-IN-CLASS INVESTMENT MANAGEMENT: HOW DO INVESTMENT OPERATIONS FIT IN?

In this session, we discuss how investment operations can assist in fostering best-in-class investment management:

  • Where is the investment spectrum inhibited by a diminished investment operations capability and what is the cost?
  • What skills are required to achieve best-in-class investment operations?
  • What is our operating model and how do we want to operate strategically?

PAPER

Key recommendations and impacts on the Hayne Royal Commission

Lounarda David

Chief operating officer, IFM Investors

Amy Hitchcock

Head of investment operations, Guardians of New Zealand Super Fund

Craig Roodt

Director, specialist advisory, Deloitte

Chair

Mark Neary

Director, multi-asset solutions and innovation, Milestone Group

10:30am – 11:00am

MORNING TEA

11:00am – 11:30am

CASE STUDY: THE EVOLUTION OF ASSET OWNERS INSOURCING

In this session, we hear from three asset owners on their evolution over the last five years:

  • What have been the areas for compromise?
  • What has been the greatest challenge?
  • What are the lessons and advice for other funds?

Michelle Crosbie

Head of investment services, First State Super

Sean Ryan

Senior manager, investment platforms, AustralianSuper

Chair

Jo Leaper

Manager, operational consulting, JANA

11:30am – 12:00pm

STAKEHOLDER ROLES AND DUTIES WHEN CHANGING CUSTODIANS

In this session, we examine the key risks and responsibilities involved as clients change service providers:

  • What are the roles and obligations of the client custodians, consultants, auditors, and fund managers as part of the process and who owns the project?
  • With no industry standard protocols, what data and information should be shared between new and old custodians?
  • What approaches are adopted, and who bears the cost for historical data such as performance and attribution analysis?

Jonathan Green

Head of account management, Nab Asset Servicing

Ash Moosa

Principal, Mercer Sentinel

Chair

Colin Tate

Chief executive, Conexus Financial

12:00pm – 12:40pm

OPERATIONAL DUE DILIGENCE, RG 97 AND THE COMMISSIONS

In this session, we receive an update on a number of pressing regulatory issues:

  • What are the differences between AIST’s operational due diligence guidance and APRA’s? What does best practice look like?
  • When is cash not cash? What is APRA’s interpretation?
  • What is the latest update for RG 97? What will change and how does it coincide with the Productivity Commission’s objective of net return after cost?
  • Do CCIVs (corporate collective investment vehicles) have a use in Australia?

 

PAPER

Creating a best practice: Due Diligence Policy

Joanna Chang

Head of investment risk, Australian Prudential Regulation Authority

Seamus Collins

Executive manager, portfolio implementation, Mine Super

Jane Eccleston

Senior executive leader, superannuation, Australian Securities and Investments Commission


Chair

Alex Wise

Executive consultant, Castle Hall

12:40pm – 1:00pm

ACSA UPDATE AND THE LIFETIME ACHIEVEMENT AWARD

In this session we will hear an update from ACSA on their agenda for 2019-20, and presenting a number of awards, including the Lifetime Achievement Award.

Rob Brown

Chief executive, Australian Custodial Services Association

David Knights

Chair, Australian Custodial Services Association

Chair

Colin Tate

Chief executive, Conexus Financial

1:00pm – 2:00pm

LUNCH

2:00pm – 2:30pm

WHAT’S THE SHORT STORY ON SECURITIES LENDING?

In this session, we discuss securities lending and its history since the GFC:

  • What are the pros and cons of securities lending?
  • What are trustees’ risks and concerns regarding ethics and margin calls?
  • What is happening next in the world in securities lending?

Stuart Hill

Head of investment operations, Local Government Super

Mark Snowdon

Head of capital markets Asia Pacific, Northern Trust

Drew Vaughan

Principal, Dymond, Foulds & Vaughan

Chair

Simon Martin

Head of multi-sector sales and business development, HSBC Securities Services Australia and New Zealand

2:30pm – 3:00pm

EFFICIENCY LEAKAGE AND MONEY ON THE TABLE

In this session, we cover all the aspects of efficiency leakage that affect operations:

  • What do funds not understand about efficiency leakage?
  • What issues should a fund prioritise – tax, implementation, execution?
  • What does best practice look like and what are the implications for RG 97?

Brett Elvish

Managing director, Financial Viewpoint

Kyle Ringrose

Principal, Athena IOC

Chair

Colin Tate

Chief executive, Conexus Financial

3:00pm – 3:30pm

AFTERNOON TEA

3:30pm – 4:00pm

ONE TEAM, ONE PURPOSE: IMPLEMENTING OPERATIONS CULTURE

In this session, we seek to challenge the mentality of operations serving investments:

  • How to balance the objectives of the CIO with the investment operations model?
  • How to ensure diversity of thought and the right attitudinal and cultural mix?
  • In a post-Royal Commission world, how can the industry support good ethics?

Ricky Notarangelo

Senior manager, investment control and governance, TCorp

Mark Siow

General manager, asset management services, NAB

Chair

Colin Tate

Chief executive, Conexus Financial

4:00pm – 4:30pm

AI AND ITS LIMITS

In this session, we delve into an example of the power of AI – and its limits

Richard Kimber

Chief executive and founder, Daisee

Alistair Rew

Global head of investment technology, public markets, AMP Capital Investors

Chair

Alex Proimos

Head of institutional content, domestic events

4:30pm – 5:00pm

EVENT CLOSE AND NETWORKING DRINKS