London Stock Exchange ETF Conference 2017
London Stock Exchange
London EC4M 7LS
Join us for a morning of exciting discussion and networking at London Stock Excange's ETF Conference taking place at Paternoster Square.
ETF Conference Presentations
Presentations from this conference is available for a limited period of time.
09.00 Welcome from London Stock Exchange
Pietro Poletto, Global Head of ETF and Fixed Income Products and Co-Head of Equity, Funds & Fixed Income – Secondary Markets, London Stock Exchange Group
09.05 Keynote Address - Outlook for 2017 and beyond
Deborah Fuhr, Managing Partner & Co-founder, ETFGI
09.25 Outlook for robotics and automation in 2017
Howie Li, Executive Director, Co-Head of Canvas, ETF Securities
09.45 Smart Beta: Unlocking the drivers of return
Manuela Sperandeo, iShares Head of Specialist Sales EMEA, BlackRock
10.05 China’s onshore bond market
Michael Chow, Managing Director, Fullgoal Asset Management (HK) Limited
10.25 ETFs in emerging markets
Christine Cantrell, Sales Director ETFs, BMO Global Asset Management
10.45 Networking Break
11.05 Smart Beta: European investors’ survey results
Caroline Baron, Head of PowerShares ETF Distribution - UK, Invesco Powershares
11.25 Finding opportunities: don’t be scared by bonds
Adam Laird, Head of ETF Strategy Northern Europe, Lyxor ETF
11.45 Fixed income ETFs: liquidity & trading
Thomas Bartolacci, Head of ETF Capital Markets UK, Vanguard Asset Management
12.05 Trading Panel
- MiFID II: what it means for the ETF industry
- Ways to trade
- Request For Quote (RFQ)
- Stress markets
- ETFs and systemic risk
Sander van Nugteren, iShares Capital Markets EMEA, BlackRock
Henry Reece, Head of Sales, SIG Susquehanna
Bruce Gunn, ETF Trading, IMC
Christopher Meyers, Senior Institutional ETF Trader, Flow Traders
12.50 Networking Lunch
Managing Partner & Co-founder, ETFGI
Deborah Fuhr is the managing partner and co-founder of ETFGI, an independent research and consultancy firm launched in 2012 in London offering paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report service and the Smart Beta ETF Landscape report service which provide monthly reports on trends in that segment of the market. Previously, she served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. Fuhr also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
Head of PowerShares ETF Distribution - UK, Invesco PowerShares
Caroline Baron has been heading Invesco PowerShares ETF Distribution UK since 17 March 2014. Prior to joining Invesco, Caroline spent close to 8 years with BlackRock in London. In her initial role, Caroline developed the iShares ETF business working with the French team covering institutional clients. Following the merger of Barclays Global Investors with BlackRock, Caroline co-headed the iShares UK Wealth Market and was in charge of distributing ETFs to major Private Banks, Family Offices and Asset Managers in the UK. Caroline started her career in Investment Banking and Brokerage, spending 5 years with Crédit Agricole Indosuez and IFX Markets. Caroline held a variety of positions on the Treasury Desk, on the CDO desk and on the Futures and LME Desk. Caroline Baron holds a Master of Economics from ESSCA (Ecole Supérieure des Sciences Commerciales d’Angers, France) and received a Dean’s Honors from the University of Saint-Louis (Missouri).
Head of ETF Capital Markets - UK, Vanguard Asset Management
Thomas Bartolacci, CFA leads the Vanguard European ETF Capital Markets team. He and his team are responsible for improving the liquidity of Vanguard ETFs®, managing relationships across the trading community, and assisting Vanguard sales teams with product support and trading strategies. Before his current role, Mr. Bartolacci was a trader in the Vanguard Fixed Income Group helping to manage Vanguard’s active investment grade credit funds. He has extensive knowledge of the fixed income markets with experience trading cash bonds, derivatives, and currencies. Mr. Bartolacci joined Vanguard in 2008. He holds his Chartered Financial Analyst® (CFA®) designation and is a member of the CFA Society of Philadelphia. He earned his B.S. in finance from The Pennsylvania State University and holds FINRA Series 7, 24 and 63 licenses.
Sales Director ETFs, BMO Global Asset Management
Christine Cantrell is UK Sales Director for ETFs at BMO Global Asset Management. Christine joined BMO in 2016 to drive the ETF business development in the UK. She has over seven years’ experience in the ETF industry, most recently at State Street Global Advisors where she was responsible for relationships with UK asset management and financial intermediary firms.
Managing director of Fullgoal Asset Management (HK) Limited
Mr. Chow Yuk Sing is managing director and responsible officer of Fullgoal Asset Management (HK) Limited. Prior to joining Fullgoal Asset Management (HK) Limited, Mr. Chow was executive director at China International Capital Corporation from 2011 to 2012. From 1998 to 2011, Mr. Chow held various senior positions at MCL Assets Limited, Superfund Financial (HK) Limited, American Express Bank and MFS International Limited. Mr. Chow started his asset management career as assistant director at Jardine Fleming Unit Trusts Limited from 1992 to 1998. Mr. Chow has over 20 years of asset management experience in sales and marketing, business development and office management in Asia.
ETF Trading, IMC
Bruce joined IMC in 2016 to promote and grow its presence in ETFs and relationships with institutional counterparties. Previously he worked as an ETF market maker at both Cantor Fitzgerald Europe and Peel Hunt.
Head of ETF Strategy Northern Europe, Lyxor ETF
Adam Laird is Lyxor ETF’s head of ETF Strategy in Northern Europe. Adam’s role is to help investors understand the ETF landscape – coordinating Lyxor’s research in Northern Europe to enhance ETF visibility and awareness. Adam has become a prominent industry commentator on passive investment issues and trends, regularly contributing to both print and broadcast media. Adam was previously at Hargreaves Lansdown, where he was in charge of passive and ETF fund business, investment research and selection.
Executive Director - Co-Head of CANVAS, ETF Securities
Howie Li joined ETF Securities in 2009 and was appointed Co-Head of CANVAS and the firm’s UCITS ETF business in 2013. CANVAS is ETF Securities’ platform which focuses on bringing new ETFs to market in partnership with third parties. Prior to becoming Co-Head of CANVAS, Howie was Head of Legal at ETF Securities. His background is in legal and product development, maintenance and operation. Howie is a qualified solicitor in England and Wales having previously trained and worked at Simmons & Simmons in London, advising the hedge fund industry. He holds a LLB from the University of Leeds.
Senior Institutional ETF Trader, Flow Traders
Christopher was educated at Solvay Business School and the University Notre Dame de la Paix in Belgium and the TU Berlin in Germany. He holds a university degree (BA) in economics and a master degree in financial engineering (Cum Laude). He works as a sales trader heading the UK / BENE at Flow Traders, where he is part of the institutional trading team, quoting ETP’s to institutional counterparties over Request For Quote (RFQ) platforms, RSP, etc. As a result investors benefit from increased liquidity, higher execution quality and lower overall trading costs.
Sander van Nugteren
iShares Capital Markets EMEA, BlackRock
Sander van Nugteren, Director, is a member of the EMEA iShares Capital Markets Group. Within the Capital Markets Group he leads a team that has responsibility for Broker Execution; Market Structure and Platform Development. The team focusses on maintaining liquidity and performance of iShares ETFs as well as taking a leading role in improving ETF market structure. Mr Van Nugteren’s service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with Blackrock in 2009. Before joining the Capital Markets team he was a member of the Risk & Quantitative Analysis team with oversight of Operational Risk. He joined BGI from Schroder Investment Management where he was employed as an Operational Risk Manager in their London office. Previous to that he held roles in Finance at Credit Suisse and Merrill Lynch. Mr Van Nugteren holds a Bachelor of Commerce degree and a Post Graduate Diploma in Accounting. He qualified as a Chartered Accountant with Ernst & Young.
Global Head of ETF and Fixed Income Products and Co-Head of Equity, Funds & Fixed Income – Secondary Markets, London Stock Exchange Group
Pietro Poletto oversees Fixed Income, Securitised Derivatives, ETFs and ETPs for London Stock Exchange Group. He manages several markets across London and Milan, used for the listing and trading of a wide range of fixed income and structured products. Pietro joined Borsa Italiana in 1999 and at the time of the merger between London Stock Exchange Group and Borsa Italiana in 2007, was appointed to his current role. He has led a series of local and Group-wide initiatives, supervising the launch of the Italian Covered Warrants market in 2000 and the launch of ETFPlus, Borsa Italiana’s platform for the listing and trading of ETFs, ETCs and ETNs. He also oversees Borsa Italiana’s MOT market, the most successful retail bond trading platform in Europe. Most recently, in February 2010, he oversaw the launch of the Order book for Retail Bonds (ORB), the UK’s first centralised, on-exchange market for retail-sized government and corporate bonds. Pietro is also a Board member of MTS and EuroMTS and CEO of EuroTLX.
Head of Sales, SIG Susquehanna
Henry joined SIG Susquehanna in 2007 on the commodities desk, market-making the precious metal ETFs. Since 2009 he has headed the ETF sales trading desk which provides SIG Susquehanna’s liquidity to a wide-range of professional counterparties across Europe in equity, fixed income and commodity tracking products. Henry’s team interacts with clients over the phone, instant chat and a variety of RFQ platforms and uses the firm’s trading expertise to provide counterparties with valuable market colour on ETF liquidity and trading strategies.
iShares Head of Specialist Sales EMEA, BlackRock
Manuela Sperandeo, Director, is iShares Head of Specialist Sales EMEA, responsible for the distribution of Smart Beta and Liquid Alternatives ETFs. Prior to that, she was a member of the iShares Product Innovation team where she was responsible for Fixed Income product research. Manuela joined Blackrock in April 2014 from Barclays, where she spent 6 years working across several roles in the Investment Bank and the Wealth and Investment Management divisions. Most recently she was a Director at Barclays Capital Fund Solutions, an asset management business specializing in absolute return and alternative indexation strategies. Prior to that, she was a member of the Product Development team focusing on investment products for Barclays private and retail clients. Prior to Barclays she worked as an investment analyst at Alpstar, a credit hedge fund and as a Structured Derivatives Sales at Credit Suisse. Manuela earned an Economics Degree, with distinction, from Bocconi University in Milan and an MBA from Harvard Business School.
London Stock Exchange
10 Paternoster Square
BMO Global Asset Management
BMO Global Asset Management is a global investment manager delivering service excellence from our four major investment centres in London, Toronto, Chicago and Hong Kong operating in 24 cities in 14 countries with more than £180 billion in assets (as at 30 September 2016). It is the fastest growing and the second largest provider of ETFs in Canada and has a strong and growing presence in Europe, having purchased F&C Asset Management in July 2014. It is focused on providing clients with best in class products and solutions that meet their existing needs by drawing on its worldwide capabilities across a range of asset classes. In the UK, BMO Global Asset Management has 6 equity ETFs focused on generating high quality income and 4 corporate bond ETFs to help investors diversify their exposure to global investment grade corporate bonds and high yield bonds. BMO ETFs are listed on the London Stock Exchange and may be purchased and sold on the exchange, through a stock broker or suitable funds platform.
ETFGI is an independent research and consultancy firm launched in 2012 in London offering consulting services and paid for research subscription services. Our service is the only global offering of monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us.
ETF Securities provides accessible investment solutions, enabling investors to intelligently diversify their portfolios beyond traditional asset classes and strategies. We are pioneers in specialist investments, having developed the world’s first gold exchange traded commodity. Today we offer one of the most comprehensive ranges of specialist exchange traded products (ETPs) covering commodities, FX, fixed income and equities traded on major exchanges across the world. Using that pioneering spirit, our unrivalled expertise and by working with leading third parties, we seek out the most relevant opportunities and make them accessible to investors as intelligent alternatives.
Flow Traders is a leading global technology-enabled liquidity provider specialised in Exchange Traded Products (ETPs). We are an independent principal trading firm. Our trading desks in Europe, the US and Asia enable us to provide liquidity on all major exchanges, 24 hours a day.
Flow Traders provides liquidity in thousands of ETP listings, with trades executed on 97 trading venues in 35 countries around the world, as well as similar financial products, by continuously quoting bid and ask prices on exchanges in all time zones. Flow Traders also provides liquidity to institutional counterparties off-exchange (RSP, RFQ, Etc). As a result investors benefit from increased liquidity, higher execution quality and lower overall trading costs. Flow Traders, as a liquidity provider, plays a central role in the global ETP ecosystem, trading in ETPs in all underlying asset classes. We employ an in-house developed, cutting-edge technology platform which processes vast amounts of real-time information. The platform enables us to quote bids and offers based on the latest prices of underlying or related instruments at all times. https://www.flowtraders.com
Fullgoal Asset Management (HK) Limited
Fullgoal Asset Management (HK) Limited ("Fullgoal Asset Management"), a wholly owned subsidary of Fullgoal Fund Management Company Limited in China with over RMB 422.8 billion (as of December 31, 2016), in assets under management, manages investments for a wide range of clients, including financial institutions, corporations, family offices, pension and retirement funds (public and private), retail banks, insurance companies and high-net-worth individuals. Fullgoal Asset Management offers asset management products and solutions across a variety of asset classes with different strategies for international investors.
IMC is a technology-driven trading firm. For more than 25 years, we have set the pace for the evolution of market making. When we launched in 1989 in Amsterdam, we were among the first to recognise the role of technology in making markets more efficient. Today, we operate globally from offices in Europe, the US and Asia Pacific, making markets in all major asset classes and on more than 100 trading venues. IMC is a top-three market maker in options globally, top-five in US equities, and top-three in ETF market making in the US and APAC.
PowerShares was founded in the US in 2003 on a vision of delivering investment performance through the benefit-rich Exchange Traded Fund (ETF) structure. In January 2006, PowerShares expanded its vision by becoming part of Invesco Ltd, whose global presence took the Invesco PowerShares story beyond the US. When the first ever ETF was launched in 1993, its purpose was simple — to track the S&P 500 Index while trading on a major exchange. Since then, many traditional ETFs have been designed to mirror a number of different benchmark indices. Not all ETFs, however, seek to simply track a measure of a market. Invesco PowerShares offers a selection of ETFs that track “next generation” indices: indices that go beyond merely tracking a particular market. These indices attempt to outperform the performance of a particular market through intelligent security selection and weighting. Invesco PowerShares is part of Invesco Ltd., a leading independent global investment management company dedicated to helping people worldwide build their financial security. www.invescopowershares.co.uk Important Information: This corporate description is for Professional Clients only and is not for consumer use. The price of ETFs and any income will fluctuate, this may partly be the result of exchange rate fluctuations, and investors may not get back the full amount invested. Issued and distributed in the UK, on behalf of Invesco PowerShares, by Invesco Asset Management Limited. Registered Address: Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Registered in England No 949417. Authorised and regulated by the Financial Conduct Authority.
iShares is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 800 funds globally across multiple asset classes and strategies and more than $1 trillion in assets under management as of December 31, 2016, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.
 Based on $5.1 trillion in AUM as of 12/31/16.
Lyxor has been running ETFs since 2001, longer than any other European provider. Our pioneering spirit helped shape the market as you know it today. Over the last 15 years, we’ve become one of Europe’s largest(1), most liquid ETF managers(2). And we’ve built one of its most far-reaching ranges, which spans all asset classes, and includes some of the largest and most efficient ETFs(3). We now offer more than 200 ways to explore the markets. So, whether you’re seeking essential core index exposure, or reaching out for more tactical opportunities in specific sectors or markets, we have a product to match. Staying true to our pioneering heritage, we continue to expand the frontiers of fixed income ETFs where we rank 2nd for physical ETF assets1, while our groundbreaking smart beta range now ranks third for assets1.
We know choice alone isn’t enough. So wherever you roam, you can be sure our quality charter sets standards of management few other providers can match. (1)Source: Lyxor International Asset Management. Data refers to Assets Under Management. Data correct as of August 5th, 2016. (2)Source: Lyxor International Asset Management. Data observed between July 2015 and June 2016. (3)Source: Lyxor International Asset Management. Data observed between January 2015 and December 2015.
SIG Susquehanna is a world leading, technology empowered financial trading firm. Founded in 1987, we are one of the world’s largest privately held financial institutions with over 1,500 employees globally, over 400 of whom are based in our European HQ in Dublin.
We trade almost every major financial product and are recognised for our disciplined and quantitative trading approach as well as our leading edge systems.
SIG Susquehanna has been trading ETFs in Europe since their inception over 15 years ago and our pricing capabilities have played an integral part in the success and growth of the products.
Founded in 1976, The Vanguard Group Inc. has grown into one of the largest fund managers in the world, with $3.9 trillion in total assets under management (as at 31 December 2016). The Vanguard Group’s unique ownership structure means it is free to focus on low-costs, transparency and fairness for all clients. Vanguard has been present in Europe since 1998, opening its London office in 2009. Since that time the company has built a range of mutual funds and ETFs that bring its low-cost, high-quality ethos to investors across Europe.