DAY ONE: Tuesday, 11 May 2004
DAY TWO: Wednesday, 12 May 2004
last modified: 18/05/2004 (London) |
DAY ONE: Tuesday, 11 May 2004
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08.00
| Registration, coffee and tea
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| 09.00 | Chairman's opening remarks
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Dong Jin KIM, Chief Executive Officer and President, PCA Asset Management
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MARKET DEVELOPMENTS, INDUSTRY TRENDS
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| 09.10 | Keynote address:
Welcome remarks
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Tae-Shin KWON, Deputy Minister, International Affairs, Ministry of Finance and Economy | Paper:
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| 09.30 | Keynote address:
Developments of unique products in Asia
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Melissa McDonald, Asia Pacific Business Services Director, AXA Rosenberg Investment Management Asia Pacific Ltd | Presentation:
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| 10.10 | Propelling collective investment growth in Korea
- Investor confidence is paramount
- Regulatory changes
- Infrastructure support
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| 10.50 | Morning refreshments
hosted by  |
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THE NEW COMPETITVE LANDSCAPE
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| 11.30 | Panel discussion:
Consolidation, competition and challenges
The panel of top industry players will give a macro perspective of the current Korean funds industry, where it's heading and the issues that the industry faces. In particular, this session will examine:
- How is the Korean fund industry competing under the new regulatory environment? What are the ingredients for success?
- Why are there only a handful of global fund managers in Seoul? Who are the forthcoming players?
- The government is planning to set up a foreign investment fund in 2005 - what are the implications for the industry?
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Jae Ryul KIM, Vice President/Retail Business Headquarters, CJ Investment & Securities Co. Ltd Eugen Loeffler, President and Chief Executive Officer, HanaAllianz Investment Trust Management Co. Ltd. Yong Duk KIM, Vice President, KEB Commerz Investment Trust Management Co. Ltd. Stuart Solomon, President and Chief Executive Officer, MetLife Insurance Co. of Korea Moderator:
Hank G. Morris, Director, Industrial Research & Consulting Ltd.
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| 12.20 | Life after AMBA
- What are the implications of the new the Indirect Investment Asset Management Business Act (AMBA) on the fund industry?
- How can investors & regulators tailor a win-win strategy?
- Examining the business models likely to succeed
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Richard Brown, Managing Director and Region Head of Financial Institutions, Citigroup | Presentation:
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| 13.00 | Lunch for sponsors, speakers and delegates
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FUNDS INDUSTRY
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| 14.30 | Trends in the Korean funds industry and its implications for managers and investors
- Latest developments in the Korean fund industry
- Educating investors and distributors
- What can managers do to attract investor inflow?
- What are the latest products available?
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Evan Hale, Country Head, Fidelity Investments | Presentation:
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| 15.10 | Panel discussion:
A closer look into the Korean fund industry
- What are the factors contributing/hindering the growth of the following investment funds over the next 12 months:
- Beneficiary certificates or unit trusts
- Open-ended funds or mutual funds
- Fixed income funds
- Index funds or exchange traded funds
- Equity-linked notes
- What are Korean investors' sentiments towards the different investment products?
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Won Jae RHEE, Managing Director of Overseas Institutional Sales, Dongwon Securities Co. Ltd. Eugene CHUNG, Chief Investment Officer - Bond, HanaAllianze Investment Trust Management Co. Ltd. Chae Kwang LEE, Chief Investment Officer and Managing Director, Hanil Investment Trust Management Co. Ltd., Vice President, Korea Society of Investment Professional Moderator:
Insup LEE, Chief Executive Officer, FundSelect Advisors
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| 16.00 | Afternoon refreshments
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STRUCTURED PRODUCTS
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| 16.30 | Structured products linked to alternative investment: who really needs them?
- Investors, distributors and fund managers: different perspectives for the Korean market
- Capital Protection or leverage product: expectations versus outcome
- Done deals: structures, mechanisms, simulations, end results
- Next generation products?
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Fabien Labouret, Managing Director and Head of Structured Alternative Investment Asia, CDC IXIS
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CORPORATE GOVERNANCE
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| 17.10 | Panel discussion:
Corporate governance and investor protection in Korea
Recent topical events and falling share prices of once prominent enterprises again highlight the importance of corporate governence. This session will discuss:
- Addressing insitutional sources of corruption
- Building more effective governance structures
- Promoting transparency and accountability
- Fair disclosure rule - has it encourage or dampen corporate enthusiasm for disclosing company information?
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Kwang Sun CHUNG, President, Korea Corporate Governance Service Hong-sik CHOI, Vice President, Listing & Disclosure Department, Korea Stock Exchange | Presentation:
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Ryan Song, Consultant, McKinsey & Company | Presentation:
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Moderator:
Joongi KIM, Executive Director, The Hills Governance Center at Yonsei University
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| 18.00 | Day One - closing remarks and cocktail reception
hosted by  |
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DAY TWO: Wednesday, 12 May 2004
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08.30
| Registration, coffee and tea
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| 09.00 | Chairman's opening remarks
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Michael Reed, Country Head, Franklin Templeton Investment Trust Management Co., Ltd.
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REITs
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| 09.10 | Real estate funds
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Brian D. Chinappi, Director, DB Real Estate - Asia, Deutsche Bank Group
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HEDGE FUNDS
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| 09.40 | The alternative investment landscape - A global perspective
- Where is Asia within the cycle?
- What can one expect to be delivered moving forward?
- Where the wave take us?
- Where are the opportunities for Korea?
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Joanne Murphy, Associate Director, Sales & CLient Relationship - Hedge Funds, Asia, Bank of Bermuda | Presentation:
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| 10.10 | Analysis of alternative vs. traditional investment strategies
- Investment rationale for alternative vs. traditional investments in Asia what form is the market taking?
- What does each investment mean to Korean investor?
- Practical challenges facing fund managers in alternative vs. traditional investment strategy in Asia
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Peter Adam, Marketing Director, Pacific World Asset Management Ltd | Presentation:
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| 10.40 | Morning refreshments
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| 11.10 | Case study:
Onshore vs. offshore hedge funds
- What are the current and likely future developments in hedge fund regulation?
- What are the restrictions for fund managers setting up absolute funds?
- For Korean investors wishing to invest in onshore and offshore vehicles - what do they need to know?
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Chang Rok WOO, Managing Partner, Woo Yun Kang Jeong & Han | Presentation:
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| 11.40 | Debate:
Does size really matter?
A wave of equity/fixed income managers from traditional investment management world has left their jobs to set up boutiques. Small investment houses or 'boutiques' focuses on a small number of stocks and aim for high performance targets for their investors; whereas large investment houses own more stocks and see for stability in their fund performance.
- Is the emergence of specialist managers a reflection of a paradigm shift in the fund management industry as a whole?
- Which is better for Korean investors, big global managers or small specialist boutiques, to manage their investment portfolios?
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Sam Young Chung, Professor of Finance, Long Island University, Senior Research Analyst, SSARIS Advisors LLC | Paper:
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Eugene Kim, Chief Investment Officer and Managing Director, Tribridge Capital | Paper:
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Moderator:
Robert PARK, Vice President, Korea Center for International Finance
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12.30
| Lunch for sponsors, speakers and delegates
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NEW MODELS, NEW STRATEGIES
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| 13.30 | Case study:
Managed funds - the new model for distributors
- Key critical factors for the success of multi-manager funds
- The subadvisory concept, a new stage of multi-manager evolution?
- Skandia's approach of implementing the Best of Breed
- Has multi-manager replaced the role of single strategy funds for retail investors?
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Alan Durrant, Chief Investment Officer, Skandia Investment Management Limited
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ASK THE INVESTORS
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| 14.10 | Panel discussion:
Understanding investors' expectations
- Investors' perspectives, goals and preferences for different asset class and how it fits into their overall investment strategy
- What are the investors looking for in offshore funds?
- Why do Koreans want very liquid funds?
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Edward KIM, Director, Investment Banking Division, MERITZ Securities Co. Ltd. Sungyul PARK, Head of Product Development, Dongwon Investment Trust Management Co. Ltd. Moderator:
Garry R. Pieters, Executive Vice President and Director, KB Investment Trust Management | Presentation:
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| 15.00 | Panel discussion:
Investment of pension fund assets
- Key challenges: Long term sustainability? Captial preservation or enhancement of pension assets? Increased exposed to new environment vehicles?
- Fund investment: How do pension funds manage market volatity? Low interest rates? Interest rate-sensitive financial instruments, offering much lower returns?
- Risk management: What is the risk of the pension fund for each asset class? Portfolio risk management and monitoring?
- Pension plan governance: How can pension funds establish good fund governance and infrastructure?
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Kevin Lee, Risk Advisor, Asia, Franklin Templeton Investment Trust Management Co. Ltd. | Presentation:
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Insup LEE, Chief Executive Officer, FundSelect Advisors Moderator:
Dae Hwan KWAG, Head of Outsourcing Team, National Pension Research Centre
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| 15.45 | Closing remarks and end of conference
Afternoon refreshments
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