• November 12, 2020

8:00–8:10 EST
13:00–13:10 GMT

Welcome Remarks

8:10 – 8:35 EST

Keynote Fireside Chat

COVID-19 Market Strains and the Global Regulatory Framework

Ashley Alder, Chief Executive Officer, Securities and Futures Commission, Chair of the Board, International Organization of Securities Commissions

Ashley is the Chief Executive Officer of the Securities and Futures Commission (SFC) of Hong Kong. He was first appointed in October 2011. In May 2016, Ashley was elected as Chair of the Board of the International Organization of Securities Commissions (IOSCO), and was re-elected for a further two-year term in June 2020.

Ashley was previously Chair of the IOSCO Asia-Pacific Regional Committee and Vice Chair of the IOSCO Board. Ashley has represented IOSCO as a member of the Financial Stability Board Steering Committee and Plenary since his election as IOSCO Board Chair.

Ashley started his career as a lawyer in London in 1984. He moved to Hong Kong in 1989 with the international law firm Herbert Smith, practicing corporate and business law. He was Executive Director of Corporate Finance at the SFC from 2001 to 2004, before returning to Herbert Smith, where he became head of the firm’s Asia Region.

8:35 – 9:00 EST

Keynote Fireside Chat

Outlook for the Global Asset Management Industry in the Wake of COVID-19, Brexit, and the Changing Political Landscape

Sandy Rattray, Chief Investment Officer, Man Group

Sandy Rattray is Chief Investment Officer of Man Group and a member of the Man Group Executive Committee. He is also a member of the Man Group Responsible Investment Committee. He was previously CEO of Man AHL from 2013 to 2017, and CIO of Man Systematic Strategies from 2010 to 2013.

Before joining Man Group in 2007, Sandy spent 15 years at Goldman Sachs where he was a Managing Director in charge of the Fundamental Strategy Group. He also ran Equity Derivatives Research at Goldman Sachs in London and New York.

Sandy is a co-inventor of the VIX index. He is a board director of MSCI Inc and sits on the MSCI Advisory Council and the Jesus College Cambridge investment committee. Sandy is a governor of the Southbank Centre in London and is a founding patron of the London Cycling Campaign.

He holds a Master’s Degree in Natural Sciences and Economics from the University of Cambridge and a Licence Spéciale from the Université Libre de Bruxelles.

Moderated By:

Huw van Steenis, Chair Sustainable Finance Committee & Senior Adviser to the CEO, UBS

Huw van Steenis is Senior Adviser to the Chief Executive of UBS and Chair of the firm’s new Sustainable Finance Steering Committee.  He acts as senior adviser to the Firm and clients on a range of financial and sustainable issues to guide strategic decisions.

Prior to joining, van Steenis was Senior Advisor to the Governor Mark Carney at the Bank of England. The Governor asked him to lead a review “exploring what the financial system of tomorrow might look like, and what it means for the Bank of England’s priorities now and in the future.”    The Future of Finance report catalyze a five pronged plan announced by the Governor of enhancing digital payments, shaping a world-class data strategy, facilitating firm’s use of technology, enabling SME finance and smoothing the transition to a lower-carbon economy, including climate change stress tests.

van Steenis has been recognize has one of the most influential investment strategists.   Huw worked at Morgan Stanley for 14 years spending much of his time there as Global Head Banks and Diversified Financials research.  From 2016-2018 he served as Global Head of Strategy at Schroders on their Group Management Committee and Capital Committee.  He frequently features in the media and writes for the Financial Times and other publications on financial services, investing and central banking

He has served on various boards and committees including the World Economic Forum’s Global Future Council on Financial and Monetary Systems and the European Central Bank’s Advisory Group on Macro-Prudential Policies and Financial Stability (2015-2017).  Van Steenis is a Trustee of English National Opera and chairs its advisory board

9:00 – 9:45 EST


The Regulators’ Panel — Brexit, Delegation, MIFID, Systemic Risk, AIFMD, and Short Selling

David Bartels, Deputy Chief Counsel, Division of Investment Management, U.S. Securities and Exchange Commission (SEC)

Natasha Cazenave, Managing Director and Head of the Policy and International Affairs Directorate, French Financial Markets Authority (AMF)

Natasha Cazenave is Managing Director of the French Autorité des Marchés Financiers (AMF) and Head of the Policy and International Affairs Directorate. The Directorate covers all areas of securities regulation including markets and intermediaries, OTC derivatives, CCP, asset management, corporate governance, transparency requirements for issuers as well as Fintechs and sustainable finance. Natasha is also co-Chair of the Financial Stability Board’s Non Bank Working Group since 2015.

Prior to joining the AMF, she worked 8 years for a European consultancy specialised in corporate governance and the promotion of investor rights, Deminor. She started her career at Ernst & Young, in the Valuation and Business Modelling team of Ernst & Young Corporate Finance. Natasha holds a Masters Degree in Economics and Finance from the University of Paris Dauphine.

Gerry Cross, Director; Financial Regulation – Policy & Risk; and (ad interim) Asset Management and Investment Banking, Central Bank of Ireland

Gerry Cross was appointed as Director of Financial Regulation Policy and Risk in May 2015. He leads the Central Bank’s work on prudential and markets conduct regulatory policy and its supervisory risk framework (PRISM). Gerry is also currently Director of Asset Mangement and Investment Banking Supervision. A member of the Board of Supervisors of EBA, and alternate member of EIOPA Board of Supervisors, Gerry co-chairs EBA’s Standing Committee on Regulation and Policy.

Gerry has had an extensive career in the area of financial services regulation. Before joining the Central Bank he has worked at the European Commission, the UK Financial Services Authority, Fortis Group, the Institute of International Finance, and the Association for Financial Markets in Europe.

Nick Miller, Head of Asset Management, Wholesale Supervision – Investment, Wholesale and Specialists Division, Financial Conduct Authority (FCA)

Nick Miller is head of the Asset Management Department within the Investment, Wholesale & Specialist Supervision Division at the Financial Conduct Authority. In this role, Nick is responsible for the FCA’s oversight of over 3,000 firms across the asset management and custody bank sectors. Previously, Nick was head of the EU & Global Department, responsible for managing the FCA’s strategic relationships with counterpart regulators and other stakeholders throughout Europe and globally. He was also responsible for the FCA’s strategy in relation to the UK’s withdrawal from the EU.

Prior to joining the regulator, Nick was Executive Director and Head of Public Policy, EMEA at Morgan Stanley, where he spent four and a half years. He previously worked in a government relations role at Thomson Reuters and as a trade policy expert at the Confederation of British Industry (CBI). He holds an MSc in Finance from the London Business School and an MA in European Politics from the College of Europe in Belgium. He holds a BA in Modern European Studies from University College London (UCL).

Moderated By:

Leonard Ng, Partner, Sidley Austin, LLP

Leonard Ng ( is Co-head of the EU Financial Services Regulatory Group at Sidley Austin LLP in London, and a member of the firm’s Executive Committee. He advises a wide range of financial institutions, including the Managed Funds Association, its members and other alternative investment managers, on the ongoing changes to the UK and EU regulatory landscape. He also works closely with Sidley’s global regulatory team in advising clients on cross-border regulatory reform, in particular clients affected by overlapping US and EU regulations. Leonard spends a significant portion of his time advising clients on Brexit planning, FCA rules, MiFID II, MAR, AIFMD, EMIR, SFTR, Short Selling Regulation, the Basel Regulatory Capital Framework, Solvency II and the proposed regulatory framework for shadow banking. From September 2014 to September 2016 Leonard was a member of the Board of the Managed Funds Association. Leonard is a frequent speaker at industry conferences.

9:45 – 10:10 EST

Keynote Fireside Chat

The Perspective from Berlin — Priorities for German and European Capital Markets and the Outlook for 2021

Jörg Kukies, State Secretary, Federal Ministry of Finance

10:10 – 10:25 EST

Coffee Break

10:25 – 11:00 EST


Navigating ESG Investing in Europe and the United States

Michel de Jonge, Manager, International Public Affairs, PGGM

Michel (49) started his career in 1996 at the Dutch Ministry for Agriculture as a general policy worker after graduating from Nijmegen University as a physical planner.

Since 2008 Michel acts as senior member of the PGGM public affairs team. PGGM is the 2nd largest pension service provider in the Netherlands and a prominent pension actor in Europe. For PGGM Michel follows actively all developments in Brussels on pensions, financial markets and investments, participating in debates on many issues voicing the perspective of pension funds and pension fund investing. Michel chairs the Brussels team of the Dutch pension sector and acts as chairman of the coordinating team of the Dutch sector on sustainable finance.

Kate Murtagh, Chief Compliance Office and Managing Director of Sustainable Investing, Harvard Management Company

Kate Murtagh is the Managing Director for Sustainable Investing and the Chief Compliance Officer of Harvard Management Company, Inc. (HMC). Ms. Murtagh joined HMC in 2006.

As Managing Director for Sustainable Investing, Ms. Murtagh is responsible for designing and implementing HMC’s sustainable investing program across all asset classes. Ms. Murtagh developed HMC’s first sustainable investing policy and worked closely with Harvard University in its decision to become the first US endowment signatory to the United Nations-supported Principles for Responsible Investment, as well as its recent commitment for the endowment portfolio to achieve net-zero greenhouse gas emissions.

Ms. Murtagh was named a 2017 Leader in the Law by Massachusetts Lawyers Weekly for her innovative work in sustainable investing.

As Chief Compliance Officer, Ms. Murtagh is responsible for regulatory and legal matters relating to HMC’s investment activities. In this capacity, Ms. Murtagh has extensive expertise in the structuring and implementation of various investment strategies including co-mingled funds, separately managed accounts, joint ventures, private REITS, and direct asset ownership.

Prior to joining HMC, Ms. Murtagh was a partner in the Business Law Department of Goodwin Procter LLP, a national law firm based in Boston, MA.

Ms. Murtagh earned a B.S. in Management from Rensselaer Polytechnic Institute and a J.D. from Cornell Law School, where she served as Managing Editor of the Cornell Law Review.

Courtney E. K. Lewis, Chief Compliance Officer and General Counsel, Marshall Wace North America, LP.

Courtney is currently Chief Compliance Officer and General Counsel of Marshall Wace North America.  Prior to joining the firm, Courtney was Chief Compliance Officer and General Counsel of Hound Partners, which was seeded by Tiger Management.  She began her career at Systematic Financial Management, an affiliate of Affiliated Managers Group, as Compliance Officer and Counsel.

Courtney gained a Bachelor of Arts (2007) from New York University’s Gallatin School of Individualized Study and a Juris Doctorate with a Masters in International Political Economy and Development (2010) from Fordham University in New York.  Courtney is an adjunct professor in Fordham Law School’s Masters of Compliance program, for which she also helped develop the online course curriculum in Investment Management Regulation.  She also serves on the Executive Board of Literacy Partners, a large adult literacy non-profit organization focused on having a two-generation impact on education.

11:00 – 11:25 EST


Market-Based Finance and Lessons Learned from the March Turmoil

Sir Jon Cunliffe, Deputy Governor Financial Stability, Bank of England

Sir Jon Cunliffe became Deputy Governor for Financial Stability on 1 November 2013. Jon is a member of the Bank’s Financial Policy and Monetary Policy Committees, the Bank’s Court of Directors and the Prudential Regulatory Committee.

He has specific responsibility within the Bank for financial stability, for the supervision and oversight of Financial Market Infrastructures, Resolution policy and implementation, and shared responsibility for the Bank’s International macroeconomic analysis, strategy and engagement. He is a member of the G20 Financial Stability Board Steering Committee, the Bank for International Settlements’ Board of Directors and the European Systemic Risk Board.

11:25 – 11:50 EST

Keynote Fireside Chat

The Future of the EU Asset Management Industry and Reflections on Time as ESMA Chair

Steven Maijoor, Chair, European Securities and Markets Authority (ESMA)

Steven Maijoor has been the Chair of the European Securities and Markets Authority (ESMA) since taking up office 1 April 2011. He is the first chair of the authority and is currently serving his second five-year term. He is responsible for representing the Authority as well as chairing ESMA’s Board of Supervisors and the Management Board.  The role of the Board of Supervisors is to give strategic guidance to ESMA and make all main regulatory and supervisory decisions. The Management Board’s purpose is to ensure that the Authority carries out its mission and performs its tasks.

Prior to taking up this role, Steven was Managing Director at the AFM, the Dutch financial markets regulator, where he was responsible for capital market supervision, including financial reporting and auditing, prospectuses, public offerings, and the supervision of the integrity of financial markets. During his term, the scope of activities of the AFM vastly expanded and he was responsible for building and implementing supervision in the capital market area. In his regulatory role at the AFM, Steven has held a number of international positions, including the Chairmanship of IFIAR (International Forum of Independent Audit Regulators).

Before joining the regulatory world, Steven was the Dean of the School of Business and Economics at Maastricht University, and had pursued a long career in academia which included a variety of positions at Maastricht University and the University of Southern California.

He holds a PhD in Business Economics from Maastricht University, was a research student at the London School of Economics, and has a master in Business Economics from the University of Groningen.

Steven is married and has two daughters and a son.

11:50 – 12:00 EST

Coffee Break

12:00 – 12:45 EST


How Finance Ministries and the European Commission View the Policy Landscape for Asset Management

Sharon S. Yang, Deputy Assistant Secretary, International Financial Markets, U.S. Department of the Treasury

Sharon S. Yang is the Deputy Assistant Secretary of the International Financial Markets office in Treasury International Affairs.  Sharon heads a team of international economists and financial analysts responsible for addressing a wide range of international financial policy issues, including advocating U.S. financial regulatory interests in multilateral forums such as the Financial Stability Board and G-20, bilaterally through formal dialogues with international counterparts in Europe and Asia, and by assessing potential systemic financial risk in key international financial markets.  She leads Treasury’s international engagement on financial innovation, including through G7, FSB, and the IMF High-level Advisory Group on Finance and Technology.  Prior to her current role in Treasury International Affairs, Sharon was in Treasury’s Office of the General Counsel.

Sharon’s work at Treasury builds on 15 years’ private sector financial regulatory, strategy and legal experience, including as in-house counsel and in private practice in New York.  Sharon began her career as a management consultant, where she advised Fortune 500 companies on corporate strategy.  Sharon holds a Juris Doctorate from the Georgetown University Law Center and is a graduate of the Wharton School of the University of Pennsylvania.

Ugo Bassi, Director, Financial Markets DG FISMA, European Commission

Ugo Bassi is Director of Financial Markets at FISMA, the European Commission’s Directorate‑General for Financial Stability, Financial Services and Capital Markets Union since 2012. Lawyer by profession, Ugo Bassi has worked as a ‘référendaire’ at the European Court of Justice from 1990 to 1997. In the last years, he held several management positions at the European Commission and was responsible for various post-crisis measures in the area of financial services and markets such as Post-trade, Securities, Asset Management, Audit, Accounting, and Credit Rating Agencies. He also launched the Capital Markets Union (CMU) project, including the Sustainable Finance component. He represents European Commission at high-level fora and events worldwide and providing contributions on Brexit strategies.

Oliver Gilvarry, Head of Markets, Investment Funds and CMU, Irish Ministry of Finance

Oliver Gilvarry is Head of Markets, Investment Funds and CMU in the Irish Ministry of Finance. In his role he is responsible for domestic and European policy development in those areas. Oliver has had a number of roles in the area of capital markets including in Lloyds Banking Group and KBC. He was also Head of Research in an Irish stockbroker and has previously worked in the Central Bank of Ireland. He is a graduate from NUI Maynooth and Dublin City University and holds post graduate degrees in Economics and Finance. Oliver is also a Fellow of the Chartered Management Accountants.

Sébastien Raspiller, Assistant Secretary, Head of the Financial Sector Department, Directorate-General of the Treasury, French Ministry of Economy and Finance

Sébastien was previously head of the Insurance Markets and Products Unit (2009-2012) and of the Corporate Financing Unit at the Directorate-General of the Treasury (2012-2013), where he also served as General Secretary of the Interministerial Committee for Industrial Restructuring. He was appointed deputy assistant secretary in 2013 (until 2018), in charge of Financial Markets and Corporate Financing.

He graduated in 1997 from Ecole Polytechnique.

12:45 – 13:10 EST

Keynote Fireside Chat

The Future of Asset Management in the UK

Katharine Braddick, Director General, Financial Services, HM Treasury

Katharine Braddick is Director General for Financial Services at the Treasury, leading on all aspects of policy for financial services and Financial Stability Board

Katharine joined the Treasury in 2014 as Director, Financial Services (International), before which, she had spent a decade in financial services regulation at the FSA and, latterly, the Bank of England where she was Director of Prudential Policy.

Katharine began her career as a fast stream civil service at the Department of the Environment and has also worked at the Association of British Insurers.


Mick Murphy, Head of Alternatives, BNY Mellon

Mick Murphy is the Head of the Alternatives Business within BNY Mellon’s Asset Servicing business.  Mick is responsible for development of the strategy, product development and commercial activity. Prior to his current role, he led the Hedge Fund business within the Alternatives business.

During his time at BNY Mellon Mick has also led the Investment Management and Insurance segments in EMEA within BNY Mellon’s Global Client Management Division.

Prior to joining BNY Mellon in August 2001 Mick spent 16 years with HSBC where he held Management roles in Retail and Enterprise Banking. Mick also spent 2 ½ years leading a team within HSBC’s Securities Servicing business responsible for clients across the Insurance, Investment Management & Fund Services sectors.

Mick is a Non-Executive Director on the board of BNY Mellon’s Irish Fund Servicing business, as well as a Company Nominated Trustee on the BNY Pension Plan.

13:10 – 13:35 EST

Keynote Fireside Chat

Implications of U.S. Election Results for Asset Management Regulation

Speakers TBA

13:35 – 13:40 EST

Closing Remarks