Speakers

Kevin Bong CFA
Director of Economics and Investment Strategy, GIC, Singapore

Kevin is Director of the Economics and Investment Strategy department (EIS), and a Managing Director of GIC. He leads EIS in articulating GIC’s strategic outlook, determining asset exposures and benchmarks, and targeting optimal capital allocation for the GIC Portfolio. He is a member of the Investment Management Committee and the Group Risk Committee.

Before re-joining GIC, Kevin was Portfolio Manager for External Public Investments & Credit at OPTrust in Toronto, where he and his team pioneered the allocation to multi-asset and hedge funds, and advanced the transformation of the Trust’s investment policies and portfolio. He had previously been Vice President and Portfolio Manager in GIC’s External Managers department in New York, where he oversaw the North American equity and hedge fund book. Prior to that, Kevin had been Vice President in GIC’s Investment Policy & Strategy department in Singapore, where he analyzed investment strategies and asset classes, refined optimization techniques, and advised the government on its long-term investment needs and risk tolerance.

Kevin is a Board Director of the Pacific Pension & Investment Institute, and an International Advisory Board Member for EDHEC-Risk Institute. He is also a Co-opted Investment Committee Member for the National University of Singapore Board of Trustees. Kevin holds degrees in Electrical Engineering & Computer Science and Management Science (Finance) from the Massachusetts Institute of Technology. He is also a CFA charter holder.

Arturo Bris
Professor of Finance, IMD Business School, Lausanne

Arturo Bris is Professor of Finance at IMD. Since January 2014 he is also leading the world renowned IMD World Competitiveness Center.

At IMD he directed the Advanced Strategic Management from 2009-2014. He has directed programs for senior executives in several industries and continents. Prior to joining IMD, Professor Bris was the Robert B & Candice J. Haas Associate Professor of Corporate Finance at the Yale School of Management (USA). A Research Associate of the European Corporate Governance Institute, and a member of the Yale International Institute for Corporate Governance, he has worked extensively on issues of Corporate Governance, Financial Regulation, and International Valuation.

His research and consulting activities focus on the international aspects of financial regulation, and in particular on the effects of bankruptcy, short sales, insider trading, and merger laws. Arturo Bris has also researched and lectured on the effects of the Euro on the corporate sector, as well as on the valuation impact of corporate governance changes.

Arturo is passionate about global competitiveness, financial development and macroeconomics. His latest research identifies the relationship between income inequality, social mobility and competitiveness. He is also developing a competitiveness-based investment portfolio that track the best and worst economies.

His work has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Legal Studies, and the Journal of Business, among others.

Professor Bris taught Corporate Finance and Investment Banking at Yale from 1998 to 2005, where he received the Best Teacher Award twice. His consulting experience includes companies in Asia, the US, and Europe.

He is the President of the Board of Trustees of IMD Pension Foundation, and a member of the Supervisory Board of the International School of Lausanne. He is a frequent speaker in international conferences, and appears regularly on international media outlets.

Professor Arturo Bris ranks among the top one hundred most-read finance academics in the world. He graduated in Law and Economics from Universidad Autónoma de Madrid, and received an MSc from CEMFI (Foundation of the Bank of Spain). He holds a PhD in Management from INSEAD. He enjoys reading, road- and mountain-biking, and playing bass guitar.

Pierre Cardon
Senior Strategist, Asset Management, Bank for International Settlements

Pierre Cardon, CFA, is Senior Strategist, Asset Management within the Banking Department of the Bank for International Settlements (BIS) in Basel, Switzerland.

Pierre focuses on asset management services to central banks/official institutions and coordinates cooperative initiatives, such as the Green Bond Fund or the Asian Bond Fund. He also serves as Secretary to the BIS Pension Fund Committee.

During his more than 30 years at the BIS, Pierre has been actively involved in expanding the BIS’ Banking activities, mainly by establishing an asset management business line and developing the BIS’s capital market operations.

In addition, Pierre is currently an advisory committee member of the European Pension Fund Investment Forum. He also served as a member of the CFA Institute’s Board of Governors from 2006 to 2012.

Pierre holds an MA in economics from the University of Louvain-la-Neuve in Belgium and an MBA from the University of Chicago.

Mark Carney
UN Climate Envoy on Climate Change and Finance

Mark Carney is currently the UN Special Envoy for Climate Action and Finance and Prime Minister Johnson’s Finance Adviser for COP26.

Mark was previously Governor of the Bank of England (from 2013 to 2020), and Governor of the Bank of Canada (from 2008 to 2013).

Internationally, Mark was Chair of the Financial Stability Board (from 2011 to 2018), He chaired the Global Economy Meeting and Economic Consultative Committee of the Bank for International Settlements (from 2018-2020), and was First Vice-Chair of the European Systemic Risk Board (from 2013-2020). He is a member of the Group of Thirty, the Foundation Board of the World Economic Forum, as well as the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics and the Hoffman Institute for Global Business and Society at INSEAD.

Mark was born in Fort Smith, Northwest Territories, Canada in 1965. After growing up in Edmonton, Alberta, he obtained a bachelor degree in Economics from Harvard and masters and doctorate degrees in Economics from Oxford. After a thirteen-year career with Goldman Sachs, Mark was appointed Deputy Governor of the Bank of Canada in 2003. In 2004, he became Senior Associate Deputy Minister of Finance. He held this position until his appointment as Governor of the Bank of Canada in February 2008.

Massimiliano Castelli
Head of Strategy, Sovereign Institutions, UBS Asset Management

As Head of Strategy in the team serving sovereign institutions globally, he analyses the market trends affecting the investment behaviour of central banks, sovereign wealth funds and other state-controlled investment institutions. He works closely with the investment teams in providing investment advice and developing tailored investment solutions for clients and prospects across regions. He is a member of the UBS Sovereign Investment Management Committee.

Max established himself as a global thought leader on the macroeconomic, financial and political trends in sovereign wealth management. He has often been called in by leading institutions as an expert on global economic and financial matters and regularly publishes articles and research on international economic policy and financial market issues and he is often quoted in the media. He recently published The New Economics of Sovereign Wealth Funds in the Wiley Finance Series, a book providing a thorough guide to sovereign wealth funds. His second book Asset Allocation for Central Banks and Sovereign Wealth Funds: How to generate returns in the new global economy will be published in 2018. 

In his fifteen year-long international professional career, Max has been Head of Public Policy for UBS in Europe, Middle East and Africa, Senior Economist at UBS and a consultant advising governments and corporates in emerging markets on behalf of international institutions.

Max holds a PhD in Economics from the University of Rome where he lectured and a Msc in Economics from the University of London. He is a Fellow at the Sovereign Investment Laboratory at Bocconi University, Milan and a Member of Executive Committee, Asset Management Investment Council, International Capital Market Association.

Paul Donovan
Chief Economist, UBS Global Wealth Management

I am the Chief Economist of UBS Global Wealth Management. I believe passionately that economics is something everyone can and should understand. We all make economic decisions all of the time. The problem is that economists tend to wrap economics in jargon and equations. We do not need to do that. It is my job to help people realise what they probably already know – by developing and explaining the UBS economic view in a clear way. To do this, I publish research (most of which you can find at www.ubs.com/pauldonovan) and appear in various print and broadcast media.

I tend to think of myself as a political economist, not a mathematical economist. I get very excited about lots of things in economics. Diversity, inflation, education, trade, inequality, and social change are some of the topics I am very enthusiastic about.

I joined UBS back in 1992 as an intern economist working in our investment bank. Decades later, I am still working as an economist at UBS. That probably says something about me, being an economist, working for UBS, or all three. As Chief Economist I sit on the Global Investment Committee. I am a UBS Opinion Leader and a UBS Pride Ally. I am also part of the UBS Nobel Perspectives program, and a supporter of the UBS Women in Economics program.

I have several published books. With Julie Hudson I co-authored "From Red to Green - How the Financial Crisis Could Bankrupt the Environment", and "Food Policy and the Environmental Credit Crunch - From Soup to Nuts". I was a contributor to the children's book published by the Guy Fox Project "How the World Really Works, the Economy". I authored "The Truth About Inflation" in 2015, and "Profit and Prejudice - the Luddites of the Fourth Industrial Revolution" will be published in November 2020.

I have an MA in Philosophy, Politics and Economics from Oxford University and an MSc in Financial Economics from the University of London. I am also an Honorary Fellow of St Anne’s College, Oxford and sit on their investment committee and development board. As for my hobbies, I am an amateur light-heavyweight boxer (prepared to defend my forecasts in the ring) and a keen if very definitely amateur skier.

Barry Gill

Head of Investments, UBS Asset Management

Barry Gill was appointed Head of Investments in November 2019 and is a member of the Asset Management Executive Committee. 

He was Head of Active Equities within UBS Asset Management from early 2016 and, before that, joined O’Connor in 2012 as a member of the management group where he ran a concentrated long/short strategy. 

Prior to joining O’Connor, Barry was head of the Fundamental Investment Group (Americas) for nearly six years within UBS Investment Bank, investing and trading the firm's principal capital.

Barry moved to the US in 2000 from London to rebuild the long / short principal investing effort within Equities following the creation of O’Connor as a hedge fund business.

In his five years in London at SBC and UBS, he was co-head of Pan-European Sector Trading, a proprietary book, and co-head of European Risk Program Trading for two years, preceded by two years as the head of the French trading book. Barry joined SBC's European derivatives desk as a graduate trainee in 1995.

Suni Harford

President, UBS Asset Management

Suni Harford is President of Asset Management.  UBS AM is one of the largest asset managers globally, with USD 928 billion in invested assets and a presence in 22 markets. The firm offers world-class investment capabilities and styles across all major traditional and alternative asset classes, as well as platform solutions and advisory support. It is  recognized for its innovation and thought leadership in key areas, such as sustainable and impact investing, and is the #1 foreign manager in China.   Suni is a member of the UBS Group Executive Board.  Before taking on her current role, Suni was UBS AM’s Head of Investments. 

Before joining UBS, Suni worked at Citigroup for almost 25 years, most recently as the Regional Head of Markets for North America, with responsibility for sales, trading, origination and research across all fixed income, currencies, commodities, equities and municipal businesses. Suni was also a member of Citi's Pension Plan Investment Committee and a Director on the Board of Citibank Canada.

Suni is involved in many organizations raising awareness and support for the US veteran community, is a founding sponsor of Veterans on Wall Street, and on the Advisory board of the Bob Woodruff Foundation. She has served on the Board of Directors of The Forte Foundation, a US non-profit organization dedicated to increasing the number of women leaders in business. Suni has held seats on the Board of several industry associations including the Depository Trust and Clearing Corporation and Securities Industry Financial Management Association. She has been named one of American Banker’s Top 25 Women in Finance for a number of years.

Suni has 34 years of experience in the financial services industry.  She holds an MBA from Tuck School of Business at Dartmouth and a bachelor’s degree in physics and mathematics from Denison University.

Dr. Parag Khanna
Futuremap, Singapore

Parag Khanna is a leading global strategy advisor, world traveler, and best-selling author. He is Founder & Managing Partner of FutureMap, a data and scenario based strategic advisory firm. Parag's newest book is The Future is Asian: Commerce, Conflict & Culture in the 21st Century (2019). He is author of a trilogy of books on the future of world order beginning with The Second World: Empires and Influence in the New Global Order (2008), followed by How to Run the World: Charting a Course to the Next Renaissance (2011), and concluding with Connectography: Mapping the Future of Global Civilization (2016). He is also the author of Technocracy in America: Rise of the Info-State (2017) and co-author of Hybrid Reality: Thriving in the Emerging Human-Technology Civilization (2012).

Parag was named one of Esquire’s “75 Most Influential People of the 21st Century,” and featured in WIRED magazine’s “Smart List.” He holds a Ph.D. from the London School of Economics, and Bachelors and Masters degrees from the School of Foreign Service at Georgetown University. He has traveled to nearly 150 countries and is a Young Global Leader of the World Economic Forum.

Benno Klingenberg-Timm
Head Global Sovereign Markets APAC, UBS Asset Management

Benno joined UBS Asset Management in Zurich in 2002 as a Graduate Trainee. He joined the Middle East and Sovereigns business in 2004. In 2011 Benno relocated to Singapore to cover select South-East Asian sovereign clients in addition to his regional focus on the Middle East. Since 2017 he is leading the relationship and business development activities with Sovereign institutions (SWFs, CBs, public pension funds) in Asia-Pacific, as well as with institutional clients in the PanAsian region.

Benno graduated from ESB Business School in Reutlingen/Germany as Diplom-Betriebswirt (FH) and from Portland State University (US) with an MBA (Finance). He is a member of the Singapore CFA Society and the CAIA Singapore Chapter.

Hoon Lee
Head of Investment Strategy Division, KIC, Korea

Hoon LEE is the Head of Investment Strategy Division and Asset Allocation Group at KIC and his responsibilities include management of traditional assets including equities, fixed incomes, commodities, FX and asset allocations, aiming to enhance overall performance in traditional asset investment. In addition, he leads Asset Allocation Group targeting optimal Strategic Asset Allocation in line with KIC’s investment objective and executing Tactical Asset Allocation in response to mid-long term market volatility. He is a member of Investment Committee at KIC.

Before joining KIC, he was portfolio manager at Macquarie-IMM Asset Management and worked as research analyst at Samsung Securities, Korea Investment Securities and Woori Investment Securities. He was selected as "Best Analyst" covering the Holding Companies sector 2010~2013 by MK Economy, Hankyung Business. Also, he was named as winner of the Gold Prize of 2013 Maekyung Business Newspaper Securities Awards in the category of companies analysis for his contribution to pioneering company research from corporate governance an policy risk perspective.

Previously he was an external member of Committee for government owned entities and pension funds including  Korea Investment Management, Korea Teacher’s Pension and National Forestry Cooperative Federation. He graduated from University of California at Berkeley with an MBA. He is also a CFA charter holder.

Ousmène  Mandeng
Senior Advisor, Blockchain and Multiparty Systems, Accenture

Dr Ousmène Jacques Mandeng is a Senior Advisor and Lead of Economic and Financial Strategy with Accenture’s Blockchain and Multiparty Systems. He co-leads Accenture’s campaign globally for the dissemination of central bank digital currencies and thought leadership on the wider implication of the digital transformation in payments.

He worked more than 20 years in the financial sector and international organisations on international investment and economic policy analyses. He was a Managing Director with Prudential Financial and UBS Investment Bank heading official financial institutions coverage globally and with the International Monetary Fund last as a Deputy Division Chief on IMF financial resources and Latin America including as resident representative. Ousmène has commented regularly in the financial press and presented in international forums on the increasing importance of emerging markets and actual and pending reforms of the international monetary system. He is a Visiting Fellow at the Institute of Global Affairs at the London School of Economics and Political Science, a Member of the Bretton Woods Committee, Fellow of the Reinventing Bretton Woods Committee and Member of Robert Triffin International and writes a blog at www.economicsadvisory.com. He holds a PhD from the LSE and is fluent in German, English, French and Spanish.

Jean-François Rigaudy
Former Deputy Head of the Banking Department, Bank for International Settlements

Jean-François Rigaudy became Deputy Head of Banking and Head of Treasury in July 2013.

He joined the BIS in 1988 as a Portfolio Manager and, after holding various positions in Treasury and Asset Management, was appointed Head of Treasury in 1999.

Mr. Rigaudy retired from the BIS on 1 September 2020.

Before joining the BIS, he worked at the Bank of France, first in banking supervision and then in the foreign exchange and reserve management area.
Mr Rigaudy holds degrees in private law and history and a diploma from the Institut d'Études Politiques in Paris, where he also lectured in economics from 1984 to 1988.

Hyun Song Shin
Economic Adviser and Head of Research, Monetary and Economic Department

Hyun Song Shin took up the position of Economic Adviser and Head of Research at the BIS on 1 May 2014. Before joining the BIS, Mr Shin was the Hughes-Rogers Professor of Economics at Princeton University. In 2010, on leave from Princeton, he served as Senior Adviser to the Korean president, taking a leading role in formulating financial stability policy in Korea and developing the agenda for the G20 during Korea's presidency. From 2000 to 2005, he was Professor of Finance at the London School of Economics. He holds a DPhil and MPhil in Economics from Oxford. University (Nuffield College) and a BA in Philosophy, Politics and Economics from the same university.

Cecilia Skingsley
First Deputy Governor, Sveriges Riksbank

Cecilia Skingsley is Deputy Governor of the Riksbank since May 2013. On 7 November 2019 the General Council appointed Ms Skingsley First Deputy Governor of the Riksbank until 21 May 2025. She represents the Riksbank on the European Systemic Risk Board (ESRB) Advisory Technical Committee and she is the Governor’s alternate on the ESRB General Board. Ms Skingsley is also the Governor’s alternate on the European Central Bank (ECB) General Council. Additionally, she represents the Riksbank on the Bank of International Settlements (BIS) Committee on Payments and Market Infrastructures and she is Chair of the Swedish retail payments council. 

Cecilia Skingsley has a BSc in Economics and a CEFA Financial Analyst diploma. She was previously Chief Economist at Swedbank and has also worked at Dagens Industri, ABN Amro Bank and the Ministry of Finance.

Jean Tirole
Nobel Laureate in Economic Sciences, 2014

Jean Tirole is honorary chairman of the Jean-Jacques Laffont - Toulouse School of Economics Foundation and of the Institute for Advanced Study in Toulouse. He also holds a visiting position at MIT and is a member of the Institut de France. Tirole has published over 200 articles in international reviews, as well as 12 scientific books.

Jean Tirole’s research covers industrial organization, banking and finance, regulation, and psychology-based economics.

How should governments deal with mergers or cartels, and how should they regulate monopolies? Jean Tirole was awarded the Nobel Prize for his analysis of market power and regulation, which sheds light on the socially undesirable results of markets that are unregulated and dominated by a small number of companies. He explained how prices can become unjustifiably high and new companies can be prevented from entering the market.

Tirole suggested a framework for designing industry-specific regulations, for example for the banking or the telecommunications sector. Thanks to Tirole’s insights, governments can better encourage powerful firms to become more productive and prevent them from harming competitors and customers.

His latest book, Economics for the Common Good, was named one of Bloomberg’s Best Books of 2017 and one of Financial Times Best Economics Books of 2017. It’s a new agenda for the role of economics in society and based on his experiences after being awarded the Nobel, when people would start asking him to comment on the issues of the day, no matter how distant from his own areas of research.

Tirole believes that economics can be a positive force for the common good, and in his book, he discusses topical issues such as global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, and innovation.

In his academic work in recent years, he has concentrated on the financial system, the banking sector, corporate governance and corporate finance, cryptocurrencies, privacy, collective climate goals.

Raivo Vanags, CFA
Member of the Board, Head of the Market Operations

Raivo Vanags is responsible for foreign reserves management and domestic monetary policy operations; Deputy Head of the Investment Committee. Mr. Vanags has 23 years of investing experience and he has been with Latvijas Banka since 2002. He also represents Latvijas Banka at the European Central Bank's Market Operations Committee. He is the author of several working papers which are included as chapters in the European Central Bank's internal research dossiers and a chapter in the RBS Reserves Management Trends 2013 book (Central Banking Publications) and is a frequent speaker at sovereign reserves management conferences. Prior to Latvijas Banka, he was an equities analyst at Latvijas Zemes Banka, he was running a boutique equities and insurance brokerage house Vertspapiri and worked successfully on setting up a new bank, Regionala Investiciju Banka. Raivo holds a B.Sc. in Business Administration and Economics from the Stockholm School of Economics in Riga, and a M.Sc. in Economics specialising in Finance and Credit from the University of Latvia, and is a CFA charterholder.

Willem van Breugel
Head of Global Sovereign Markets, UBS Asset Management

Willem is Head of Global Sovereign Markets, with responsibility for all sovereign institutional client activity globally. This includes SWFs, Central Banks, national pension funds and other government agencies.

Willem is a Member of the Management Committees for UBS Asset Management in EMEA and the Institutional Business globally.

Willem joined UBS Asset Management in 2017 as Head of Global Sovereign Markets.

Willem began his financial career in 1990 working in Equity Sales, initially for Lehman Bros, followed by Morgan Stanley, both based in London. He spent 21 years at Morgan Stanley in a variety of roles, both as a senior coverage person and manager including co-Head of Cash Equity Sales in Europe with specific responsibility for Continental Europe. He was a member of the Operating Committee in Morgan Stanley's European Equity Division.

Years of financial industry experience: 28

Education: European Business School (London), Diploma in European Business Administration

Huw van Steenis
Senior Adviser to the CEO and Chair of Sustainable Finance Committee, UBS Group AG

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.

Tao Wang 
China Chief Economics, UBS Global Research, Hong Kong 

Dr. Tao Wang is a Managing Director and Head of Asia Economic Research at UBS Investment Bank. She leads a Number One ranked team that covers macroeconomic and policy issues in Asia and China, and she has ranked as the top China/Asia economist in multiple Institutional Investor and AsiaMoney surveys. Prior to joining UBS, Dr. Wang was Head of Greater China Economics and Strategy at Bank of America and Head of Asian Economics at BP plc. Before joining the private sector, Dr. Wang was a Senior Economist at the International Monetary Fund (IMF). During the eight years she spent at the IMF, Dr. Wang was involved in program negotiations and annual consultations with many member countries in Asia (including China), Europe and the Middle East, and published a number of research papers. Dr. Wang is a member of the Mainland Opportunities Committee of the Hong Kong Financial Services Development Council and a member of the Chief China Economists Forum.

Dr. Wang received her Ph.D. in Economics from New York University and her bachelor’s degree from Renmin University in Beijing.

Axel A. Weber
Chairman of the Board of Directors, UBS Group AG

Axel A. Weber has been Chairman of the Board of Directors of UBS since 2012. He is chairman of the Institute of International Finance, a board member of the Swiss Bankers Association and the International Monetary Conference, and a member of the Group of Thirty as well as the Trilateral Commission, among others.

Mr. Weber was president of the German Bundesbank between 2004 and 2011, during which time he also served as a member of the Governing Council of the European Central Bank, a member of the Board of Directors of the Bank for International Settlements, German governor of the International Monetary Fund and as a member of the G7 and G20 Ministers and Governors. He was a member of the steering committees of the European Systemic Risk Board in 2011 and the Financial Stability Board from 2010 to 2011.

Mr. Weber's academic career includes professorships at the Universities of Cologne, Frankfurt / Main, Bonn and Chicago. He holds a PhD in economics from the University of Siegen, where he also received his habilitation.