27th Reserve Management Seminar
Stefan Seiler
Head Group Human Resources & Corporate Services
Stefan Seiler has been Head Group Human Resources & Corporate Services of UBS Group AG and UBS AG since 2023. He leads the combined Group Human Resources and Corporate Services function, ensuring effective and efficient alignment of our people, real estate and vendor management strategies.
- 12:00 - 12:15GMT
Welcome
MondayWelcome to the 27th Reserve Management Seminar
Speaker:Suni Harford, President, UBS Asset Management, UBS Group Executive Board sponsor for Sustainability and Impact
- 12:15 - 12:55GMT
Reserve Management Trends
MondayAs 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.
Speaker:Pierre Cardon, Senior Strategist, Asset Management, Bank for International Settlements, Basel
- 01:00 - 01:40GMT
Geopolitics and Markets
MondayPolitics 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?
Speaker:Preston Keat, Head of Political & Country Risk, UBS, London
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Naureen Hassan
President UBS Americas
Level
Managing Director
Naureen Hassan was appointed President UBS Americas and CEO of UBS Americas Holding LLC in October 2022. She joined UBS from the Federal Reserve Bank of New York, where she was COO and First Vice President. After starting her career at McKinsey & Company, Ms. Hassan held various business transformation, strategy, and client experience leadership roles at Charles Schwab Corporation.
Sabine Keller-Busse
President Personal & Corporate Banking and President UBS Switzerland
Sabine Keller-Busse was appointed President Personal & Corporate Banking and President UBS Switzerland in 2021, heading the leading universal bank in Switzerland.
In her role, she oversees our comprehensive offering in retail and corporate and institutional banking in Switzerland, selected financial services to businesses and financial institutions globally,
- 11:30 - 11:45GMT
Welcome to Day 2
TuesdayWelcome with Massimiliano Castelli
Speaker:Massimiliano Castelli, Head of Strategy & Advice, Global Sovereign Markets, AM
- 11:45 - 12:15GMT
Keynote: Is Inflation just boring?
TuesdaySpeaker:Paul Donovan, UBS Global Wealth Management, London
- 01:00 - 02:00GMT
Monetary Policy and Central Banks
TuesdayUBS Chairman Axel A. Weber will share his views on recent monetary policy and economic developments.
Speaker:Axel A. Weber, Chairman of the Board of Directors, UBS Group AG
- 02:05 - 02:45GMT
US: FED policy, taxation, new green deal or inflation
TuesdayThe 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.
Speaker:Solita Marcelli, Head Chief Investment Office America, UBS Wealth Management, New York
Claudia Böckstiegel
Member of the Corporate Culture and Responsibility Committee
Claudia Böckstiegel has been General Counsel and a member of the Enlarged Executive Committee of Roche Holding AG since 2020.
She started her professional career as an attorney in private practice in Germany, then joined the Swiss pharmaceutical company Roche in Germany in 2001 and subsequently held various global legal management positions at Roche in Switzerland
- 11:00 - 11:40GMT
Managing FX reserves in a post COVID-19 world: The end of the fixed income market boom
WednesdayIn 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?
Speaker:Willem van Breugel, Head of Global Sovereign Markets, UBS Asset Management
- 11:45 - 12:15GMT
Market Outlook: A conversation with our Head of Investments
WednesdayThe 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.
Speaker:Barry Gill, Head of Investments, Group Managing Director, UBS Asset Management
- 12:15 - 12:45GMT
Sustainability Panel
WednesdaySpeaker:Suni Harford
Rui Xiong Kee
Massimiliano Castelli (Moderator)
- 02:00 - 03:00GMT
How Big Data Increases Inequality and Threatens Democracy
WednesdayKeynote with Cathy O’Neil
Fred Hu
Member of the Governance and Nominating Committee
Fred Hu has been the Chairman and CEO of Primavera Capital Group, an Asia-based private investment firm focused on emerging technology and innovative industries, since founding it in 2010.
In that role he oversees the overall strategy, talent development, and culture, and assumes the primary responsibilities for establishing and maintaining the long-term partnerships with global investors.
Prior to that, he was a Partner and Chairman for Greater China at Goldman Sachs.
- 01:00 - 01:30GMT
Key Note Address – Issuing digital euro: a complex task
ThursdaySpeaker:Piero Cipollone, Deputy Governor, Bank of Italy
- 01:30 - 02:15GMT
Central Bank Digital Currencies: The ongoing revolution in central banking
ThursdayCentral 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?
Speaker:Huw van Steenis, Senior Advisor to the CEO, UBS Group AG
- 02:15 - 02:30GMT
Closing Remarks
ThursdaySpeaker:Massimiliano Castelli, Head of Strategy & Advice, Global Sovereign Markets, UBS Asset Management
- 03:00 - 04:00GMT
The future of carbon pricing
ThuesdaySpeaker:Ousmène Mandeng, Senior Advisor, Blockchain and Multiparty Systems, Accenture
