Agenda

Monday, 28 June

Welcome to the 27th Reserve Management Seminar

Timings

12:00 p.m. – 12:15 p.m. CET
6:00 a.m. – 6:15 a.m. EDT
6:00 p.m. – 6:15 p.m. HKT

Duration

15 minutes

Suni Harford

President, UBS Asset Management
UBS Group Executive Board sponsor for Sustainability and Impact

Reserve Management Trends

As the global economy gradually recovers from the pandemic, old and new challenges are faced by reserve managers. How can capital be protected in the post-Pandemic world? Is inflation a real threat? Will long-term interest rate rise faster than expected? How are reserve managers adapting to the new economic and financial environment? With leading experts from the Bank for International Settlements, we will discuss the results of the 27th UBS Survey of Sovereign Institutions and the best investment approach to navigate the current economic and financial environment.

Timings

12:15 p.m. – 12:55 p.m. CET
6:15 a.m. – 6:55 a.m. EDT
6:15 p.m. – 6:55 p.m. HKT

Duration

40 minutes

Pierre Cardon

Senior Strategist, Asset Management, Bank for International Settlements, Basel

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management

Geopolitics and Markets

Politics surrounding the distribution of vaccines, the US-China confrontation, US domestic policies and other geopolitical tensions are key factors for the global economic and financial outlook. What is the real impact of geopolitics on markets? How can investors protect their portfolios from such events?

Timings

1:00 p.m. – 1:40 p.m. CET
7:00 a.m. – 7:40 a.m. EDT
7:00 p.m. – 7:40 p.m. HKT

Duration

40 minutes

Preston Keat

Head of Political & Country Risk, UBS, London

Michele Gambera

Co-Head of Strategic Asset Allocation Modeling, Investment Solutions, UBS Asset Management, Chicago

Jonathan Davies

Senior Portfolio Manager, Investment Solutions, UBS Asset Management, Zurich

Philipp Salman

Strategy & Advice, UBS Asset Management (Moderator)

Tuesday, 29 June

Welcome to Day 2

Timings

11:30 a.m. – 11:45 a.m. CET
5:30 a.m. – 5:45 a.m. EDT
5:30 p.m. – 5:45 p.m. HKT

Duration

15 minutes

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management

Keynote: Is Inflation just boring?

Timings

11:45 a.m. – 12:15 a.m. CET
5:45 a.m. – 6:15 a.m. EDT
5:45 p.m. – 6:15 p.m. HKT

Duration

30 minutes

Paul Donovan

Chief Economist, UBS Global Wealth Management, London

Monetary Policy and Central Banks

UBS Chairman Axel A. Weber will share his views on recent monetary policy and economic developments.

Timings

1:00 p.m. – 2:00 p.m. CET
7:00 a.m. – 8:00 a.m. EDT
7:00 p.m. – 8:00 p.m. HKT

Duration

60 minutes

Axel A. Weber - Host

Chairman of the Board of Directors, UBS Group AG

Eddie Yue

Chief Executive, Hong Kong Monetary Authority, Hong Kong

William Dudley

UBS Board of Directors

Sylvie Goulard

Deputy Governor, Banque de France

US: FED policy, taxation, new green deal or inflation

The US economy has experienced a gradual reduction of its relative weight in the global economy with China and other emerging markets rising their share. However, US economic policies – monetary, fiscal and trade policies – remain a fundamental driver for the global economy. The agenda being implemented by Biden in the first few months of his mandate represents a dramatic shift away from the previous administration. The panel will discuss the latest developments in the US economic policy agenda and the implications for the globally economy.

Timings

2:05 p.m. – 2:45 p.m. CET
8:05 a.m. – 8:45 a.m. EDT
8:05 p.m. – 8:45 p.m. HKT

Duration

40 minutes

Arend Kapteyn

Global Head of Economics and Strategy Research, UBS Investment Bank, London

Solita Marcelli

Head Chief Investment Office America, UBS Wealth Management, New York

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management (Moderator)

Wednesday, 30 June

Managing FX reserves in a post COVID-19 world: The end of the fixed income market boom

In the post-COVID world, government bonds are expected to be among the worst performing asset classes. Further diversification away from this asset class should be considered. Listed equities and alternatives will play a key role to enhance returns and to further diversify portfolios. What is the best allocation for central banks and sovereign institutions?

Timings

11:00 a.m. – 11:40. a.m. CET
5:00 a.m. – 5:40 a.m. EDT
5:00 p.m. – 5:40 p.m. HKT

Duration

40 minutes

Dr Jonas Stulz

Head of Portfolio Management, Deputy Head of Asset Management, Swiss National Bank

Willem van Breugel

Head of Global Sovereign Markets, UBS Asset Management

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management (Moderator)

Market Outlook: A conversation with our Head of Investments

The remarkable economic progress since the depths of the pandemic-induced recession has a catch: It’s no longer an early-cycle environment everywhere. We believe this means investors should adopt a more selective, discerning approach towards how much risk they take, and where they take it. UBS Head of Investment identifies where investors can find value in the current economic and financial environment.

Timings

11:45 p.m. – 12:15. p.m. CET
5:45 a.m. – 6:15 a.m. EDT
5:45 p.m. – 6:15 p.m. HKT

Duration

30 minutes

Barry Gill

Head of Investments, Group Managing Director, UBS Asset Management

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management (Moderator)

Sustainability Panel

Timings

12:15 p.m. – 12:45 p.m. CET
6:15 a.m. – 6:45 a.m. EDT
6:15 p.m. – 6:45 p.m. HKT

Duration

30 minutes

Suni Harford

President, UBS Asset Management
UBS Group Executive Board sponsor for Sustainability and Impact

Rui Xiong Kee

Executive Director, Reserve Management Department, Monetary Authority of Singapore

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management (Moderator)

How Big Data Increases Inequality and Threatens Democracy

Timings

2:00 p.m. – 3:00 p.m. CET
8:00 a.m. – 9:00 a.m. EDT
8:00 p.m. – 9:00 p.m. HKT

Duration

60 minutes

Keynote with Cathy O’Neil

Big Data Scientist and Author of Weapons of Math Destruction

Juan Luis Perez

Group Head Research, Evidence Lab and Data Analytics, UBS (Moderator)

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Thursday, 1 July

Key Note Address – Issuing digital euro: a complex task

Timings

1:00 p.m. – 1:30 p.m. CET
7:00 a.m. – 7:30 a.m. EDT
7:00 p.m. – 7:30 p.m. HKT

Duration

30 minutes

Piero Cipollone

Deputy Governor, Bank of Italy

Central Bank Digital Currencies: The ongoing revolution in central banking

Central banks from different parts of the world have started pilots on so called central bank digital currencies (CBDC). Following the mixed results from private sector initiatives such as Libra/Diem, central banks have taken the lead as global payment systems undergo a massive technological change. What are the implications for reserve managers? How will CBDC impact reserve management? What are the implications for leading reserve currencies? How will the rise of CBDCs impact gold?

Timings

1:30 p.m. – 2:15 p.m. CET
7:30 a.m. – 8:15 a.m. EDT
7:30 p.m. – 8:15 p.m. HKT

Duration

45 minutes

Piero Cipollone

Deputy Governor, Bank of Italy

Huw van Steenis

Senior Advisor to the CEO, UBS Group AG

Ousmène Mandeng

Senior Advisor, Blockchain and Multiparty Systems, Accenture

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management (Moderator)

Closing Remarks

Timings

2:15 p.m. – 2:30 p.m. CET
8:15 a.m. – 8:30 a.m. EDT
8:15 p.m. – 8:30 p.m. HKT

Duration

15 minutes

Massimiliano Castelli

Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management

The future of carbon pricing

Timings

3:00 p.m. – 4:00 p.m. CET
9:00 a.m. – 10:00 a.m. EDT
9:00 p.m. – 10:00 p.m. HKT

Duration

60 minutes

Jan-Lukas Bunsen

Head of Research for Central Europe, Aurora Energy Research

Sam Arie

Head of European Utilities Equity Research, UBS

Barry Rabe

Harris Family Professor at the Gerald Ford School of Public Policy at the University of Michigan and Non-Resident Senior Fellow at the Brookings Institution

Chrissie Loedolff

Knowledge Network, UBS (Moderator)

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