| Time |
Topic |
Details |
| 12.45pm |
Arrival and Registration |
Fairmont, Lower Ground Floor, Park Hyatt Melbourne |
Creating and maintaining a “Centre of Excellence” in pensions and funds management, even in times of economic uncertainty, traditional and alternative investment opportunities flourish. With highly accessible global markets and Asia as a growth region, businesses need to continually endeavour to differentiate themselves through product innovation, development of core strategies and identification of niche markets.
Market growth has its challenges and can no longer be taken for granted, as investors look for long-term sustainable growth.
Our speakers will provide insights into strategies for sustainable growth, improving competition and efficiencies through regulation, product innovation and look at emerging and “niche” markets to attract investment opportunities.
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| 1pm |
Symposium Welcome and Introduction |
Jeremy Duffield, Chairman Australian Centre for Financial Studies
Retiring in December 2010 after a distinguished 30 year career with The Vanguard Group, including the last 15 as Chairman of Vanguard Investments Australia, Jeremy joins the Board of the Australian Centre for Financial Studies as Chairman. Jeremy brings to the role a strong, well respected and in depth knowledge of the financial services industry.
Mr Duffield is currently a director of Plum Financial Services, Ltd and a member of the Australia Financial Centre Task Force. He previously served on the Investment and Financial Services Association Limited (IFSA) as deputy chairman, on the Federal Government’s Financial Sector Advisory Council (FSAC), and on the Advisory Board of the Financial Literacy Foundation. |
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| 1.05pm |
Development of the Bond Market in Australia - a global perspective |
Steve Lambert, Executive General Manager, Capital Markets, National Australia Bank The pool of domestic funds available today is not deep enough to meet the combined funding requirements of the Big 4 banks and their clients. Market and regulatory pressures will also continue to drive up the cost and accessibility of bank debt. A strong corporate bond market in Australia will deliver alternative funding sources for corporate Australia away from traditional bank lending. At the same time, Retail Investors and the superannuation sector in general are interested in accessing new sources of annuity style, fixed income investments. However, unlike other countries, Australia’s corporate bond market is small relative to our GDP and Institutional Bond activity. Steve will draw on his deep knowledge of global capital markets to outline what a strong Australian corporate bond market could look like. He will also examine the key issues that issuers, investors, banks and regulators need to address to create a viable and attractive market.
Steve has had a career over 25 years in banking in a variety of roles in debt capital markets, interest rate, currency, commodity derivatives and structured products with emphasis on sales, originations and structuring. He has worked extensively outside Australia, mainly in the major Asian financial markets
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| 1.50pm |
What are the global investment themes driving the growth in emerging economies? |
Joanna Davison, Regional Managing Director, Australia and New Zealand, Colonial First State Global Asset Management (CFSGAM)
Joanna will focus on the global investment themes that are driving the growth in emerging economies. These will include the trend towards urbanisation, ageing demographics and heightened consumerism which is driving demand for food and resources. Increasingly developed listed companies are making a large proportion of their revenue from emerging economies. How do investors best tap into these global themes? Another increasing focus for investors is that the companies they invest in consider governance and more generally ESG issues.
Joanna will provide some examples to illustrate these trends.In her role, Joanna overseas the strategic direction of Australian and New Zealand business development, client services, responsible investment and sustainability, and the marketing and communication functions. Joanna is a member of the CFSGAM executive team and reports directly to CEO Mark Lazberger.
Joanna has more than 25 years experience in the funds management industry with varying roles both in Australia and the United Kingdom.
Prior to joining CFSGAM in 2009, Joanna was Director Investor Services at Russell Investment. In this role Joanna was responsible for the management of the Institutional Client Services team.
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| 2.20pm |
Investing in Asia for the next supercycle  |
Amy Auster, Chief of Staff, CEO Global Institutional and Asia Pacific Europe & Americas, ANZ Banking Group LimitedThe first decade of China’s rise translated into an outperformance of Australia’s share market, as China’s emphasis on hard infrastructure investment spurred unprecedented demand for coal and iron ore. The next phase of Asia’s supercycle will be characterised by increasing consumption and the rise of local players in an increasingly diverse market, against a backdrop of unprecedented change in financial services. What strategies, innovations and technologies are required to succeed?
Amy Auster is the Chief of Staff to the CEO, Global Institutional and Asia Pacific Europe and Americas at ANZ. Her team is responsible for the smooth running of the CEO’s office and leadership team, as well as providing strategic advice to the CEO. Amy has held a number of thought leadership roles in the financial services industry in Australia, Asia and the US. She is currently a member of the Investment Advisory Committee at the Australian National University, a member of the Deakin Policy Forum Advisory Board and Vice Chairman of the Australia Indonesia Business Council (Victoria). Amy’s recent written research has focused on the rise of China and its impact on Asia and Australia; the evolution of RMB liberalisation; and the impact of Basel III on the global financial services industry.
Before joining ANZ in 2005, Amy worked as an economist and fixed income strategist with Chase Securities, Merrill Lynch and JP Morgan in New York.
Amy has an Honours Degree in Arts from Northwestern University in Chicago, Illinois and a Master’s Degree in Economics and Finance from Columbia University in New York.
Specialties – Macro-strategy, strategic asset allocation, fixed income markets, foreign exchange markets, natural resources, infrastructure, public policy.
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| 3pm |
Refreshments |
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| 3.30pm |
Behavioural Issues facing Pension Funds |
Dr Julie Agnew, Associate Professor of Finance and Economics, The College of William and Mary, Williamsburg Virginia, USA and visiting Professor University of New South Wales
Asset Allocation and information overload: the influence of information display, asset choice and investor experience.
Julie Agnew is an Associate Professor of Finance and Economics and holds the John N. Dalton Term Chair at the College of William and Mary’s Mason School of Business in the United States. She is currently a Senior Visiting Fellow at the Australian School of Business at the University of New South Wales.
Her research and consulting activities focus on behavioral finance and its relationship to financial decisions made by individuals in their retirement plans. She has published research in top academic journals and frequently speaks at academic and practitioner conferences around the world. She has also served on special advisory panels to the U.S. government, as well as provided invited testimony to the U.S. Senate.
In addition, she is a TIAA-CREF Institute Fellow, a former elected member of the Defined Contribution Plans Advisory Committee (DCPAC) for the Virginia Retirement System, and a Research Associate for the Center for Retirement Research at Boston College. From 2009-2011, she was the Co-Director of the Center for Interdisciplinary Behavioral Finance Research.
Prior to pursuing her doctorate, Dr. Agnew worked as an Analyst in investment banking for Salomon Brothers in New York City and as an Equity Research Associate for Vector Securities International in Chicago. A former Fulbright Scholar to Singapore, she co-authored a book examining strategic business opportunities in Indonesia, Singapore and Malaysia.
Dr. Agnew earned a B.A. degree in Economics (High Honors) and a minor in Mathematics from the College of William and Mary. She graduated Magna Cum Laude and is a member of Phi Beta Kappa. She received a Ph.D. in Finance from Boston College in 2001.
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| 4.10pm |
Learning Lessons fromt he financial turbulenace: ASIC’s aproach to the Finanical Services Industry”  |
Peter Kell, Commissioner, ASIC
From August 2008 Mr Kell was Deputy Chair of the Australian Competition and Consumer Commission. He was President of the International Consumer Protection Enforcement Network in 2009-2010 , and also served on the Consumer Policy Committee of the Organisation for Economic Cooperation and Development. Mr Kell has been on the Australian Government Financial Literacy Board since its establishment, and is a member of the Commonwealth Consumer Affairs Advisory Committee.
Before joining the ACCC, Mr Kell was Chief Executive of CHOICE (the Australian Consumers’ Association) and a board member of the global consumer organisation Consumers International. Between 1998 and 2004 Mr Kell was ASIC’s Executive Director of Consumer Protection and its New South Wales Regional Commissioner. Mr Kell has a Bachelor of Arts (Hons – Economics) from the University of Sydney.
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| 4.50pm |
“Australia’s Super System - strengths and weaknesses” 
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Melbourne Mercer Global Pension Index – what are the consequences of the key differences between the Australian and other overseas systems and how do can Australia improve its ranking?
Panelists include:
- Stephen Glenfield, General Manager, APRA
- Dr David Knox, Senior Partner, Mercer;
- Fiona Reynolds, Chief Executive Officer, Australian Institute of Superannuation Trustees (AIST);
- Ian Silk, Chief Executive, AustralianSuper
Moderator
Professor Deborah Ralston, Executive Director, Australian Centre for Financial Studies  |
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| 5.30pm |
Afternoon Close  |
Prof Deborah Ralston, Executive Director, Australian Centre for Financial Studies
Deborah Ralston is a Professor of Finance at Monash University, and became ACFS Executive Director in 2009. Her academic background is in financial management and economics. Deborah’s research / consulting interests include the impact of financial regulation, the strategy and management of financial institutions and regional economic development.
Since 2004, Deborah has been a non-executive director of Mortgage Choice. She was previously a director of Heritage Building Society.
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Arrival and Registration |
Pre dinner Gala Dinner Cocktails
Foyer Grand Ballroom, Lower Ground Floor, Park Hyatt Melbourne, 1 Parliament Square |
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| 7pm |
MFSS Gala Dinner
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Master of Ceremonies
Michael Pope
After almost 30 years in the television and corporate worlds, there isn’t much Michael hasn’t done. Whether it’s warming up a mass of 30,000 for the televised Australia Day Awards, or MC’ing a black-tie dinner for a company’s Award night. Michael has hosted six different television programs including BLOCKBUSTERS and TOTAL RECALL, IMT and BATTLE OF THE SEXES.As Producer, he oversaw THE PRICE IS RIGHT, BERT’S FAMILY FEUD and COMEDY SLAPDOWN. As audience warm-up he has been involved in every genre; THE LOGIES, THE AFI AWARDS, THE ARIAS, THIS IS YOUR LIFE, MILLIONAIRE HOTSEAT, TALKIN’ ‘BOUT YOUR GENERATION, DANCING WITH THE STARS, SO YOU THINK YOU CAN DANCE as well as sit-coms, sketch shows, game shows and variety dating back to 1990. |
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| 7.10pm |
Welcome |
Prof Deborah Ralston, Executive Director, Australian Centre for Financial Studies |
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| 7.15pm |
Victorian Government Address
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Government Speaker TBA |
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| 7.30pm |
Celebrating Success and Excellence
MFSS Award Presentations |
Victorian Innovation in Funds Management Award
and
VFMC Investment Stewardship Awards |
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| 8pm |
Celebrating Melbourne |
Brett Bower – The Sand Artist |
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| 8.30pm |
“Global Investing - innovating for sustainable growth“ |
John Fraser, Chairman and Chief Executive Officer, UBS Global Asset Management and Chairman of VFMC
Prior to joining UBS and its predecessor organisations in 1993, John served for over 20 years with the Australian Treasury including appointment as Deputy Secretary (Economic) from 1990-1993 and postings at the International Monetary Fund (1978-80) and as Minister (Economic) at the Australian Embassy in Washington DC (1985-88).
John Fraser has been Chairman and CEO of UBS Global Asset Management since December 2001. UBS Global Asset Management is one of the four business divisions of UBS – the others being Wealth Management & Swiss Bank, Wealth Management Americas and the Investment Bank. He is also a member of the UBS Group Executive Board and Chairman of UBS Saudi Arabia.
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| 8.50pm |
Q and A |
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| 9pm |
Vote of Thanks |
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| 11pm |
Symposium Gala Dinner Close |
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