Meet at 3.20pm in the lobby of the Malmaison Hotel Oxford – located at 3 New Road, Oxford OX1 1AY

Onsite contact for the tour

Amanda White
[email protected]
+61 417 462 837

Bodleian Library

Broad Street
Oxford
OX1 3BG
www.bodleian.ox.ac.uk

Oxford’s libraries are among the most celebrated in the world, not only for their incomparable collections of books and manuscripts, but also for their buildings, some of which have remained in continuous use since the Middle Ages. Among them the Bodleian, the chief among the University’s libraries, has a special place.

First opened to scholars in 1602, it incorporates an earlier library erected by the University in the fifteenth century to house books donated by Humfrey, Duke of Gloucester. Since 1602 it has expanded, slowly at first but with increasing momentum over the past 150 years, to keep pace with the ever-growing accumulation of books and papers, but the core of the old buildings has remained intact.

The combined collections of the Libraries group number more than 11 million printed items, in addition to 80,000 e-journals and vast quantities of materials in many other formats.

Directions

Malmaison to Bodleian Library
MacDonald Randolph Hotel to Bodleian Library

RHODES HOUSE

South Parks Road
Oxford
OX1 3RG
www.rhodeshouseoxford.com

Directions

Malmaison to Rhodes House
MacDonald Randolph Hotel to Rhodes House

The global monetary supercycle has ended – debts remain high, interest rates are near zero, risk premiums are low, and liquidity is abundant. Implications of this include low forecast returns for investors, and a weakened ability of central banks to stimulate economies. This presentation will examine the global forces driving these conditions and how the economic machine works, in order to examine the outcomes these forces produce, and the opportunities created by global divergences.

JEFF GARDNER

Senior portfolio strategist, Bridgewater Associates

Jeff Gardner is a senior portfolio strategist at Bridgewater Associates. He is a senior member of the research group with expertise in portfolio structuring and the foreign exchange, interest rate, commodity, and equity markets. Gardner also works with Bridgewater’s clients to develop investment strategies that meet their objectives and to provide insight into the research group’s thinking on global markets and economic conditions. He has been with the firm since 1995. Gardner received a B.S. in Mechanical Engineering and Management Science from the Massachusetts Institute of Technology and an M.S. in Mechanical Engineering.

CHAIR: GORDON CLARK

Professor and director of the Smith School of Enterprise and the Environment, Oxford University

Professor Gordon L Clark is director of the Smith School of Enterprise and the Environment with cross-appointments in the Saïd Business School and the School of Geography and the Environment at Oxford University. He holds a Professorial Fellowship at St Edmund Hall, Oxford. He is also the Sir Louis Matheson Distinguished Visiting Professor at Monash University's Faculty of Business and Economics (Melbourne) and a Visiting Professor at Stanford University. An economic geographer, his academic interests centre on the responsibilities and behaviour of investors as regards long-term sustainable investment.

How will the continued environment of slow economic growth, and low interest rates, affect global institutional investors. What are the best asset allocation decisions investors can make in this environment to protect their portfolios and position them for adding value?

ROGER GRAY

Chief executive, USS Investment Management

Roger Gray has been chief investment officer at Universities Superannuation Scheme from September 2009 and from September 2012 chief executive of USS Investment Management. He joined USS from Hermes Fund Managers, where he was chief investment officer. Prior to that he worked for UBS as chief executive/chief investment officer at UBS Asset Management in Switzerland and also as global head of asset allocation and currency for UBS Brinson/UBS Global Asset Management. He began his career at Rothschild Asset Management in 1983 as a manager, rising to head of fixed income and currency and later to chief investment officer and head of institutional business. He studied philosophy, politics and economics at Oxford and then economics at Harvard, where he was a teaching fellow for international trade and finance, and for commodity and securities markets.

TOBY NANGLE

Global co-head of asset allocation, head of multi-asset, EMEA, Columbia Threadneedle Investments

Toby Nangle joined the company in 2012 and is currently global co-head of asset allocation and head of multi-asset, EMEA. In this role he is responsible for managing and co-managing a range of multi-asset portfolios, as well as providing strategic and tactical input to the company’s asset allocation process. Before joining the company, Nangle worked at Baring Asset Management, initially in the fixed income team and subsequently as director of the multi-asset group. He holds degrees in History and International Relations from the University of Cambridge.

FIONA TRAFFORD-WALKER

Director of consulting, Frontier Advisors

Fiona Trafford-Walker is director of consulting at Frontier. She joined Industry Fund Services as manager, investment services in August 1994 and was a foundation staff member of that company. She was promoted to manager, investment advisory services in October 1997, and took responsibility for the management of IFS’ asset consulting business from that time. She transferred to Frontier at its inception in July 2000 and was managing director of Frontier until July 2011. At Frontier, Trafford-Walker is directly responsible for providing investment advisory services to various clients, chairing the internal investment committee as well as the manager ratings committee and overseeing the investment consulting deliverables of the firm. She was previously employed in the asset consulting services unit of Towers Perrin and as a research officer on a Queensland Treasury sponsored project, helping to develop and maintain an econometric model of the Queensland and Australian economies. She was recently ranked amongst the world’s top 25 most influential investment consultants by respected international finance journal aiCIO. She holds a Bachelor of Economics with first class Honours from James Cook University of North Queensland in Townsville and was awarded a University Medal on completion of her Honours year. She completed her Master of Finance at RMIT in 1995. Trafford-Walker is also a member of the investment committee of the Walter and Eliza Hall Institute.

CHAIR: CHIEF EXECUTIVE COLIN TATE

Chief executive, Conexus Financial

Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

Note: Geoffrey Rubin will now speak in place of Andrew Ang

In this session Professor Andrew Ang highlights key elements from his new book, Asset Management: A Systematic Approach to Factor Investing, the premise of which is to look through asset class labels to the underlying risk factors. He describes how factor risk premiums can be harvested in portfolio design and incorporated in various aspects of investment management. Professor Ang will outline considerations in choosing appropriate factors, optimal factor allocation, constructing robust factors, and factor timing. A number of investors will respond, outlining the practical use of factors in their portfolio construction and implementation.

TONY BROCCARDO

Chief investment officer of Barclays UK Retirement Fund, chief executive of Oak Pension Asset Management

Tony Broccardo is the chief executive of Oak Pension Asset Management Limited which is the in-house asset manager for the Barclays pension fund; and is the chief investment officer of the Barclays Pension Fund. This circa £25 billion ($37 billion) fund is highly diversified and global. Broccado’s team is responsible for the asset allocation process, investment management, implementation and risk budgeting of the fund. The fund utilises a significant number of external asset class specialists, with 30 per cent of assets under management invested in alternatives. His previous experience includes being an executive director and chief investment officer for F&C Asset Management PLC, and as a global partner and institutional chief investment officer for INVESCO Asset Management Inc. In both roles, over a period of 15 years, he chaired the global asset allocation committee. Broccardo has a MA in Finance and Investment from Exeter University, where he is a Fellow and lecturer in Investment and a member of the Business School Advisory Board.

HENRIK JEPSEN

Chief investment officer, ATP

Henrik Gade Jepsen joined ATP in 1999 from a position with Realkredit Danmark. Prior to that he worked as an economist at the Danish central bank (Danmarks Nationalbank) and the International Monetary Fund (IMF) in Washington, D.C. Jepsen has taught macroeconomics at the Copenhagen Business School and Aarhus University. He is a Master of Science (MSc) in Economics and Management from Aarhus University. He is chairman of the supervisory board of ATP Ejendomme and ATP Real Estate, ATP Private Equity Partners, ATP Alternative Investments, ATP Timberland Invest, ATP Fondsmæglerselskab, NOW:Pensions Investments Fondsmæglerselskab and Via Venture Partners He is a member of the supervisory board of FIH Erhvervsbank.

GEOFFREY RUBIN

Managing director, head of portfolio management, Canada Pension Plan Investment Board

Geoffrey Rubin leads the portfolio management group, helping manage the systematic risk and allocation of active risk across the active investment portfolio. Prior finance roles include positions with Fannie Mae and Capital One Financial, where he managed the global balance sheet. He also ran a consulting practice and was Adjunct Professor at American University Kogod School of Business. Rubin holds a Ph.D. in Economics from Princeton University and a B.A. in Economics from the University of Virginia.

RONALD WUIJSTER

Chief Client Officer, APG Asset Management

Ronald Wuijster is a member of the board and the chief client officer at APG Asset Management. He joined ABP in 2006 as a managing director strategic portfolio management and had the same position as of 2008 for APG. Prior to this Ronald worked at Robeco Groep NV since 1990, where he started as a senior portfolio manager and held several positions ending his career at Robeco as the director of research. Wuijster studied Business Economics and Law at the Erasmus University in Rotterdam. He studied Finance and Accounting at the London School of Economics in London and Psychology at the University of Leiden. Next to his job at APG he chairs the committee of asset management from the Dutch Pension Federation and he is a member of the accreditation committee of the DSI.

CHAIR: DIRECTOR OF CONTENT AMANDA WHITE

Editor of www.top1000funds.com, director of institutional content, Conexus Financial

Amanda White is responsible for the content across all Conexus Financial’s institutional media and events including The Fiduciary Investors Symposium. She is the editor of www.top1000funds.com, the online news and analysis site for the world’s largest institutional investors. White has been an investment journalist for more than 18 years and has edited industry journals including Investment & Technology, Investor Weekly and MasterFunds Quarterly. She was previously editorial director of InvestorInfo and has worked as a freelance journalist for the Australian Financial Review, CFO, Asset and Asia Asset Management. She has a Bachelor of Economics and a Master of Arts in Journalism, she was previously a columnist for the Canadian publication, Corporate Knights, which is distributed by the Globe and Mail and The Washington Post.

In a market where themes are less obvious and attractive opportunities for longer-dated capital are tougher to find, the illiquidity premium is more intriguing than ever. This session will look at how the illiquidity premium is defined and measured by different market participants, where opportunities exist, and how to find and execute them.

CHRIS REDMOND

Global head of credit, Towers Watson

Redmond is global head of credit at Towers Watson, leading a 45 person international team conducting research of all credit managers and products, spanning traditional bond strategies, all aspects of sub-investment grade credit markets, illiquid credit and credit long/short strategies. He co-led Towers Watson's build-out of direct hedge fund research into strategies outside of long-short equity in 2007, in particular focusing on discretionary global macro and credit long/short. Redmond served as a member of Towers Watson's global investment committee for four years, the group of senior investment professionals responsible for Towers Watson's capital markets views. He now chairs the top-down research group, the body responsible for ensuring high quality top-down views are appropriately incorporated and reflected in Towers Watson’s manager research process and help direct research focus. Redmond works closely with a number of Towers Watson's largest credit clients and has experience consulting to clients on a broad range of issues including investment strategy, manager structure and manager selection. He holds the CFA UK Level 3 Certificate in Investment Management and has a BA in Mathematical Sciences from St. Catherine's College, University of Oxford.

STEPHEN SIDEROW

Co-founder and co-president, BlueMountain Capital Management

Stephen Siderow is the co-founder, managing partner and co-president of BlueMountain Capital Management, a leading alternative asset manager with $21 billion in assets under management and approximately 300 professionals worldwide. At BlueMountain, he oversees the firm’s business development and strategic initiatives. Siderow is also a member of the firm’s management and compliance committees. Prior to co-founding BlueMountain in 2003, Siderow was a senior consultant with McKinsey & Company’s New York office, where he focused on the financial services industry, serving senior management executives and chief executives on a variety of issues in business strategy, organisation and operations. Prior to that, Siderow was a corporate attorney with Cleary, Gottlieb in New York. He serves on the board of directors of the Birthright Israel Foundation, a program that provides the gift of first-time peer education trips to Israel for young Jewish adults. Siderow serves on the board of directors of Ars Nova, which provides training and development programs to young performing artists. He is also a member of the advisory board of the Hertzberg Palliative Care Institute at Mt. Sinai Hospital whose mission is to advance the field of palliative medicine through clinical, educational and research initiatives. Siderow holds a J.D. cum laude from Harvard Law School and Bachelor’s degree, magna cum laude, in Philosophy from Amherst College. Siderow was also a Fulbright and a Sheldon Scholar in Israel.

DAVID STEWART

Head of pensions solutions, Santander

David W. Stewart joined Santander Asset Management UK as chief investment officer in 2012, recently moving up to become director of pensions solutions. A key part of his role is advising Santander UK’s $15 billion DB pension fund on its award-winning investment strategy. He has 25 years’ investment management experience, including strategic leadership positions within major private wealth, institutional and sovereign wealth organisations in Europe, the Middle East and North America. He was recognised as one of the UK’s highest rated global investors, has a MA (Hons) in Philosophy from Edinburgh University, and an MBA from the Cass School of Business.

CHAIR: CHIEF EXECUTIVE COLIN TATE

Chief executive, Conexus Financial

Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

Bent Flyvbjerg, the most cited scholar in the world on megaproject and planning management, will lay the foundation for infrastructure investing. He works for better management of megaprojects and cities, and writes about the philosophy and methodology of social science. In this context investors will discuss the institutional infrastructure landscape and how best practice can be reached in demand and supply.

BENT FLYVBJERG

First BT Professor and chair of Major Programme Management and the founding director of the University of Oxford’s BT Centre for Major Programme Management, University of Oxford

Bent Flyvbjerg is the first BT Professor and inaugural chair of Major Programme Management at Oxford University. He works for better management of megaprojects and cities. He also writes about the philosophy and methodology of social science. Flyvbjerg is a leading international expert within the field of programme management and planning, perhaps best known for his book Megaprojects and risk – An anatomy of ambition, widely considered as essential reading for project managers, sponsors and those involved in megaprojects. He is the most cited scholar in his field and his ideas on optimism bias (the tendency to take an overly positive view of planned actions), and strategic misrepresentation (deliberately misstating the likely outcomes of actions) have been incorporated into project evaluation techniques around the world. Flyvbjerg continues to influence the development of project management both through his research and through teaching some of the leading programme managers of today and tomorrow. Flyvbjerg has worked as a consultant to regulators, corporations, banks, national audit offices, the EU Commission, and the United Nations, and has been an adviser to the UK, Dutch and Danish governments in formulating national policies for infrastructure, environment, transportation, and science. His books and articles have been translated into 19 languages and his research has been covered by Science, The Economist, The Wall Street Journal, The Financial Times, The New York Times, The BBC, and many others. He has received numerous honours and awards, including two Visiting Fulbright Scholarships to the US, where he did research at the University of California at Los Angeles and Berkeley, and at Harvard University. He was knighted in the Order of the Dannebrog in 2002. Flyvbjerg received his Ph.D. from Aarhus University, Denmark, and in addition holds two higher doctorates from Aalborg University; in engineering (Dr. Techn.) and science (Dr. Scient.) respectively. He is a Professorial Fellow and non-executive director of St Anne’s College, Oxford.

RAFFAELE DELLA CROCE

Lead manager - long term investment project, Organisation for Economic Co-operation and Development (OECD)

Raffaele Della Croce is an Italian national, lead manager for the OECD project “Institutional Investors and Long Term Investment”, in the financial affairs division of the OECD. The project aims to facilitate long-term investment by investors such as pension funds, insurance companies and sovereign wealth funds, addressing both potential regulatory obstacles and market failures. Based on research produced for this project the OECD is contributing to the policy discussions at the level of G20, Asian Pacific Economic Cooperation (APEC) and the European Commission, in particular through the new G20/OECD Taskforce on Institutional Investors and Long Term Financing. As part of the OECD Futures Programme he has also worked on the project “Transcontinental Infrastructure Needs to 2030/50” in the Advisory Unity to the Secretary General. Prior to joining the OECD in 2010, he worked in the financial industry for eight years, mainly with Ernst & Young and Moody’s Investors Services, in London. As part of international teams advising governments or private consortia, he has been involved in the analysis, structuring and negotiation of the largest transactions in the utilities and infrastructure sectors in the Europe, Middle East and Africa region. Della Croce also serves on the advisory committee of the OECD Provident Fund. He was educated at University La Sapienza in Rome and Columbia University in New York.

CRESSIDA HOGG

Global head of infrastructure, Canada Pension Plan Investment Board

Cressida Hogg is responsible for overseeing CPPIB’s significant global infrastructure program. Prior to joining CPPIB in 2014, Hogg was the managing partner of 3i’s infrastructure business, leading deals in a variety of sectors. Hogg holds a B.A. in Politics, Philosophy and Economics from St. John’s College Oxford and an MBA from the London Business School.

CHAIR: DAVID COOPER

Executive director, IFM Investors

David Cooper is responsible for driving the expansion of IFM’s infrastructure debt investment capabilities into the UK and Europe. He is also charged with sourcing infrastructure debt deals in Europe and conducting credit analysis of prospective investments, as well as managing and marketing IFM’s capability in this speciality. Cooper has 18 years experience in banking focussed on project finance, infrastructure debt and structured credit. He joined IFM from Barclays, where he was head of infrastructure and structured project finance for the corporate bank. Cooper began his banking career with RBS, where he focused on structured and public sector finance globally, then moved to HBOS plc. At HBOS, he worked in the origination team of the infrastructure finance unit, where he was responsible for sourcing and executing senior debt, mezzanine and equity in the PPP, transportation and energy sectors.

Asset owners will respond, demonstrating how they have positioned their portfolios to respond to the challenges of climate change.

JANE AMBACHTSHEER

Partner and global head of responsible investment, Mercer

Jane Ambachtsheer is a partner at Mercer Investments and head of its global responsible investment business. She advises investors in North America, Europe and Asia Pacific. Ambachtsheer is currently a member of the Ontario Securities Commission’s (OSC) Investor Advisory Panel and the Advisory Committee of the Carbon Disclosure Project for the Americas. An Adjunct Professor at the University of Toronto, she teaches a graduate course on responsible investment. She holds a Bachelor of Economics and English literature with honours from York University and a Master of Social Science from the University of Amsterdam. Prior to joining Mercer, she worked for CEM Benchmarking, in Amsterdam and Toronto.

ULF ERLANDSSON

Senior portfolio manager credit, global macro trading, Fourth Swedish National Pension Fund

Since 2009, Ulf Erlandsson has run global credit and SSA books at AP4 and is also responsible for sustainable fixed income investing and debt/equity trading overlays. Prior to this, he worked as a quantitative credit strategist at Barclays Capital. His publication record includes books like Systematic CDS index trading, Empirical analysis of the credit cycle, Recent Developments on Exchange Rates and various trade journal articles. He has a Ph.D. in Economics from Lund University.

MARK MANSLEY

Chief investment officer, EAPF

Mark Mansley is the chief investment officer of the Environment Agency Pension Fund, with more than 30 years experience of investment. As well as helping develop the Environment Agency’s responsible investment strategy over the last decade (since 2011 as an employee), he worked with Rathbone Greenbank Investments, managing investments for charities and particularly pioneering impact investment. Previously, Mansley advised the Universities Superannuation Scheme on climate change, and helped several fund managers, such as Aviva, improve their investment processes and integrate sustainability considerations. He has a mathematics degree from Cambridge and is a Chartered Fellow of the Securities Investment Institute.

DEBORAH NG

Portfolio manager, asset mix and risk, Ontario Teachers' Pension Plan

Deborah Ng is a portfolio manager, asset mix and risk, with the Ontario Teachers' Pension Plan. She leads the plan’s responsible investing initiatives, working internally with all investment teams to integrate ESG considerations in the investment processes and externally with global peers and organizations to promote sustainability in investments. Other areas of focus for Ng and her team include the research, evaluation, and introduction of innovative asset allocation strategies that are designed to help meet the plan’s long-term liability objectives. She also provides input and support for the annual strategic investment plan and medium-term risk management. Prior to joining Teachers’, Ng founded Acuity Communications, assisting investment firms such as UBS Securities, CIBC WM, and Desjardins Securities with their investment research requirements. She was awarded with a directors award from the Rotman School of Management, University of Toronto where she obtained her Master of Finance (with high distinction). She is also a CFA charterholder.

CHAIR: ALEX VAN DER VELDEN

Partner and chief investment officer, Ownership Capital

Alex van der Velden is co-founder and chief investment officer of Ownership Capital, an independent, long-horizon global equity manager that achieves superior returns through active ownership. Based in the Netherlands, he has more than 18 years of international investment experience combining traditional investment management and responsible investing. Prior to Ownership Capital, he worked at Dutch investment manager PGGM, where he founded and headed its €3 billion ($3.2 billion) Responsible Equity Portfolio. Prior to PGGM, he was the founding executive director of FairPensions in the UK. Van der Velden also worked in private equity and corporate finance at Coller Capital, JPMorgan and Brown Brothers Harriman & Co.

This session will take a practical look at the future of the investment business, looking specifically at the trend to insource asset management; the impact of consolidation on economies of scale; evolving working relationships; and the measurement and monitoring of managers in light of the industry moving towards absolute return strategies, factor-based, outcome-oriented solutions and the implications of the move towards defined contribution plans on investment opportunities.

DEB CLARKE

Partner, global head of investment research, Mercer

Deb Clarke is Mercer’s global head of investment research, which includes responsibility for manager research and strategic research. Based in London, she manages a group of more than 100 asset class specialists across alternatives, fixed income, equities and real estate. She also oversees the teams responsible for strategic asset allocation, dynamic asset allocation, strategic research and responsible investing. These teams work together to support Mercer’s full range of client solutions from advisory to fiduciary management. Clarke was previously the global leader of Mercer's equity boutique, specialising in researching global and global emerging market equity managers. She is chair of Mercer's global policy committee and a member of the mainstream assets investment committee. Clarke joined Mercer in November 2005 from Watson Wyatt, where she was a senior investment consultant advising a range of clients and researching Asian and emerging market equity managers. Prior to this, she was a fund manager for 20 years, most recently working for Friends Ivory & Sime as head of equities. She has a BA (Hons) in business studies from Plymouth University and is an Associate of the Society of Investment Professionals.

MARK FAWCETT

Chief investment officer, NEST

Mark Fawcett has been an investment manager for the last 27 years and managed money at a variety of institutions. At Gartmore, he was head of Japanese equities while at American Express Asset Management International, he was chief investment officer. Before joining NEST, Fawcett was a partner at the boutique investment manager Thames River Capital LLP. He has an MA from Oxford University and an MSc from the London Business School.

CHRIS RULE

Chief investment officer, London Pension Fund Authority

Chris Rule joined LPFA in October 2014 as chief investment officer. He is responsible for managing the Authority’s £4.9 billion ($7.2 billion) assets, developing and enhancing LPFA’s investment strategy and directing the work of the in-house investment team. Rule has a wealth of investing and executive experience within asset management businesses. He has held a number of senior positions including head of alternatives at SEB Investment Management (Stockholm’s Enskilda Bank); chief investment officer of SEB Alternative Solutions and Key Asset Management Ltd. Prior to this he was a principal at Old Mutual Asset Managers (UK) Ltd where he founded and co-managed the multi strategy team. Rule originally trained as a risk manager at GNI Fund Management where he went on to take investment management responsibility for their hedge fund portfolios. Rule graduated from Manchester University, holds the investment management certificate and is a Chartered Alternative Investment Analyst. In his private life, he is actively involved in supporting state education in a voluntary capacity.

RICHARD WILLIAMS

Chief investment risk officer, RPMI Railpen

Richard Wiliams joined RPMI Railpen in April 2014 as chief investment risk officer. He is part of the investment leadership team which manages £20 billion ($29 billion) across a wide range of asset classes. Over the previous 20 years Williams held senior portfolio management positions at BlueCrest Capital Management (UK) LLP and at FFTW. He began his career as a consulting actuary and is a Fellow of the Institute and Faculty of Actuaries. Williams is also an experienced member of investment committees and a NED. He is an independent member of the Nestlé UK Pension Fund and the Health Foundation Investment Committees. He is chairman of CBF Church of England Funds and a NED of both CCLA Investment Management Limited and International Shipowners’ Reinsurance SA.

CHAIR: DAN MELLEY

Global head of consultant relations, Winton

Dan Melley is global head of consultant relations at Winton Global Investment Management, which applies an empirical scientific approach to exploiting inefficiencies in markets. He joined Winton in 2015 following a 17 year career at Mercer. At Mercer Melley built its UK fiduciary management offering from inception to an estimated $20 billion assets under implementation business. Melley has worked with institutional investors in the US, UK and South Africa on strategic asset allocation, manager selection and manager research. He is also a member of the AIMSE Council. A CFA charterholder, he graduated with honours from the University of Notre Dame in Indiana, USA.