Philippes main use of ETFs has been to gain exposure to emerging markets, and says the reason why they haven’t had more activity is that most ETF funds capitalization is too small for the size of investments they make, and so prevents them using them in their Strategic Asset Allocation plans. The main challenges that Philippe has observed in the ETF market is the matching of existing funds with his requirement for exposure to new asset class investments. Issues such as liquidity and higher than expected management fees have hindered his placing ETFs in strategic portfolios, though he does believe that this situation is rapidly improving as the market attracts more investors. Philippe’s responsibility within the FFR is currently as Head of External Asset Management. Previosuly he headed up in succession; head of research on savings (CDC), ALM manager (CDC), Equity portfolio manager (IXIS) and Investment Director (FRR). Philippe’s educational background is a post graduate degree in Finance, European MBA ESCP-EAP and member of the French Financial Analysts Association (SFAF).

Valérie Baudson has been Managing Director, Exchange Traded Funds, of Crédit Agricole Structured Asset Management since December 2007. She joined Crédit Agricole Cheuvreux, the European stockbroker of the Group in 1999 as Project Manager for the Senior Management team (1999-2000) and then as Corporate Secretary and Member of the Management Committee (2001-2004). In 2004, she was appointed Marketing Director and a Member of the European Management Committee (2004-2007). She started her career at Banque Indosuez where she managed international audit missions (1995-1999). Valérie Baudson graduated from HEC (France) in 1995 where she majored in Finance.

Giovanni is Managing Partner at FGS Capital LLP, where he is the CEO and is responsible for portfolio management. Previously he was Associate Director of hedge funds at First Quadrant Ltd, where he set up and was the portfolio manager of its Pan European long/short equity market neutral portfolios, and was responsible for UK-based hedge fund business. He has extensive experience of managing equity market neutral portfolios since 1995, when he joined the firm. Prior to that he was a tenured Research Fellow with the Economics Department of the University of Bologna in Italy, and he has held appointments with BARRA International and Eastern Group Plc. He was an Associate Director of the Real Options Group, looking at research and applications of Real Options to corporate finance and investments. He is an active member of AIMA (Alternative Investment Management Association) and a Board and Research Committee member of INQUIRE UK and INQUIRE Europe. He is a Board member of the International Association of Financial Engineers (IAFE). He is the European Chair of the Steering Group of the Investor Risk Committee (IRC) of IAFE working on guidelines for disclosure and transparency for hedge funds. Giovanni is a CFA Charterholder.

David Bennett became Chief Executive of APCIMS in January 2007. Prior to his appointment he was the first Head of the City of London's Office in Brussels with the remit of enhancing the City's liaison with the EU institutions and other EU financial centres. An economist by qualification, he had previously completed a successful earn out at Citigate Public Affairs having sold Beaumark the UK public affairs consultancy he founded. He also co-founded Europe Analytica, a Brussels based consultancy in 1999. Over a period of some 20 years he was a leading public affairs consultant on UK and EU issues particularly in releation to financial services and corporate governance issues. His early career was spent in the European Commission and then in the Economic Planning Division of the British Gas Corporation.

Robert is responsible for selecting the funds within the natural resources area and managing the LODH MF Commodity fund-of-funds. The fund contains both equities and futures and Robert is optimizing the fund with sub-asset classes. He oversees the research of commodity asset classes and available managers within the area. His view of the commodities market is that it is in a long-term up cycle and their funds are projecting growth over the next 3 - 4 years. Robert said that they are using a limited amount of ETFs to track the gold markets. The ETFs exposure is used to take specific directional bets. Robert is contemplating using ETFs for other purposes, but that Swiss regulations are currently prohibiting them and with their expected change more use will be made of the ETFs market.

Matthew has over twenty years experience in the collective investment schemes industry and is currently a member of the FSA's CIS Regulation and Policy team, responsible for the rules governing authorised collective investment schemes in the UK. Prior to joining the FSA Matthew worked for HSBC in their trustee and compliance areas.

Marco Ciatto is the founder and Managing Director of ETF Consulting Srl, an independent financial advisory company who consult on ETFs as the leading tools for asset management. He started to work as an advisor to retail investors and financial salesman in 2004, offering various ETF asset allocation model portfolios. Marco has been the ETF Investment Advisor of Alteria Spa, in 2007, and this year he’s offering his financial advise to ADB Spa. Marco is the Founder and Director of the first European ETFs web site, launched on March 2002: www.ETFcentre.com (ETFplus.it, at present). Since March 2003, Marco has a column on the weekly financial magazine Bloomberg/Borsa&Finanza: he has written over 200 articles on ETFs, as of today.

Frans works within the beta group and is responsible for all of PGGMs commodity asset allocations. The most pressing challenges he perceives for achieving beta returns in commodities investing are in choosing the right indexes for the appropriate asset class. Beta in the portfolio takes precedent over any alpha objectives and as of such Frans’ main priorities are in selecting appropriate long-term investments. He will however on occasion incorporate tactical asset allocation opportunities to achieve above market returns. Frans de Wit started working for PGGM in 2000 after he finished his studies Financial Economics at Groningen University (RuG). Within PGGM he has had several responsibilities. Via backoffice derivatives he joined the commodities desk in 2003.. Frans reports directly into Bob Radecker, speaker on our ETF specifics day.

Tomas is a strong advocate of fundamental, quantitative, equal, and GDP weighted indexes having carried out extensive research on the subject. His presentation is set to be a rare opportunity to hear first hand from a seasoned practitioner on alternative indexes. Tomas Franzén currently holds a position as Chief Investment Strategist at the Second Swedish National Pension Fund – AP2, in Gothenburg. AP2 is one of four buffer-funds within the recently reformed Swedish national pay-as-you-go pension system. As Chief Investment Strategist, Tomas is responsible for issues related to Investment Policy and Strategic Asset Allocation. AP2 has USD 30 bn in assets under management invested in a broad-based global portfolio with 60% in equities. The policy benchmark is the result of an annual Asset-Liability-Management study where the design of a PAYG pension system plays a central role. He is also a member of the Executive Committee. Before joining AP2 at the start-up in 2001, Tomas, between 1998-2001, held a position as Chief Strategist at Swedbank Markets, advising the banks’ Swedish and global clients on equity investments. Prior to that, he was Chief Strategist at Den Norske Bank between 1996-1998. During 1986-1996, he served as a senior economist at Svenska Handelsbanken in Stockholm. In the early 80’s, Tomas held a position as Economist at The Swedish Employers’ Confederation. Tomas holds a B.A. in Economics from the University of Stockholm, Sweden. He is also a holder of CEFA (Certified EFFAS Financial Analyst).

For three consecutive years, Morgan Stanley has been ranked first for Exchange Traded Fund Research in Europe, Asia, Africa and North America in a global survey conducted by both International Fund Investment and ExchangeTradedFunds.com. In 2007, Deborah won an award for the Greatest Overall Contribution to the development of the Global ETF industry in 2006. In 2006, the organisations honoured Deborah for meritorious service to the ETF Industry. The award recognized her as one of the early strategists to cover exchange traded products, specifically for her work on OPALS and ETFs. In addition, the Greenwich Associates survey of institutional investors in Europe in 2002 - 2006, ranked Morgan Stanley first for ETF strategy. Deborah was ranked in the 2007 Financial News Top 100 Women in Finance, a distinguished list of the most influential women in European Finance. Deborah has been assisting clients with the implementation of Delta 1 solutions for over 10 years. She is on the International Advisory Committee (IAC) of the Cairo and Alexandria Stock Exchanges (CASE) in Egypt and on the Editorial Board of the Journal of Indexes. The group publishes quarterly reports on global ETF industry, ETF short interest, ETF options and futures and the ETF Global Tracking Monitor. It produces reports on specific trade ideas: performs customised analysis for clients critiquing and comparing the various costs of implementing asset allocation strategies using Delta 1 products: publishes quarterly guidebooks on global ETFs, index futures and options, swaps and certificates, OPALS, TOPAS and Shariah Index Funds.

Christian launched in May of this year a 'substantial values strategy' that weights the stocks on their book value. This has so far proved successful with further exploration now being made to launch indexes based on fundamental weightings. Christian however doesn't believe that fundamentally weighted indexes will take over the market cap indexing sector due to the fact that long standing highly liquidated indexes such as the Dow Jones Industrial Average will continue to act as some level of benchmark within the majority of investors portfolios, and remain the favoured option for long-term investors. However Christian does believe that for clever passive investors there is little extra gain by investing in the large traditional market cap weighted indexes and instead they should examine opportunities within fundamentally weighted indexes. After having earned a degree in economics from the University of Berne, Christian Gattiker joined the economic department of Swiss Bank Corporation (SBC) as an economic editor in 1995. He then moved to Peter Bütikofer & Cie. as an investor relations consultant for domestic and international stock-listed companies. In 2000 he joined Credit Suisse as an equity analyst, covering industrial sectors on a pan-European basis. In 2002 he was appointed to head the Swiss equity team, assuming responsibility for Swiss and European equity strategy. He received his CFA charter that same year. In 2004 Christian took over the position of Global Equity Strategist at Credit Suisse, in particular covering the U.S. equity market. In August 2006 he joined Julius Baer as Head of Equity & Strategy Research. He earned the Chartered Alternative Investment Analyst (CAIA) designation in 2007.

“Since January 2008 Paolo Giulianini has been Director and Head of ETF trading at UniCredit Markets & Investment Banking in London. During his 14 years as Head of Delta 1 Products at Banca IMI he was responsible for building the activity from scratch into one of the leading market makers for ETFs in Germany, France and Italy in terms of official market making roles and trades. He helped to strengthen his former bank’s ETF sales trading activities throughout Europe covering all ETF issuers and Delta 1 Certificates. In the process he took Banca IMI to the position of being a leading issuer of Benchmark Certificates in Italy for what has now been the last 4 years. He worked for IMI Bank in Luxemburg and in Frankfurt between 1994 and 1996. He graduated from Bocconi University in Milan in 1994. Paolo now runs a well established and successful ETF trading team based in London and in Munich. They are official market maker for ETFs issued by all asset managers listed on the Deutsche Boerse, Vienna Stock Exchange, Borsa Italiana, Swiss Exchange and NYSE Euronext.”

John is a well known commentator and advisor on Hedge Fund investing. He is currently CEO and founder of the IGS Group Ltd. which specialises in providing advice on product design and Portfolio Construction, market positioning and distribution for Hedge Funds, Fund of Funds and Service Providers. IGS clients include product structurers and distributors, the global investment banks, fund of fund asset management companies and ….. John was previously head of the European arm of HFR Asset Management building the AUM of the firm up to more than $4bn. John positioned HFR as a leading provider of Hedge Fund of Fund vehicles and was instrumental in launching the HFRX series of investable Hedge Fund Indices. Prior to his work with HFR, John worked with Barclays Capital setting up their Fund derivative business and was also involved in their derivatives Structured Solutions work with European Financial Institutions.

Dr. Hartmut Graf heads the section Issuer Data & Analytics, overseeing the index business of Deutsche Börse. Besides being in charge for DAX® he holds the responsibility for the whole index universe of Deutsche Börse, with more than 2,100 indices. Since his start late 2004 the focus was systematically set on the establishment of global and strategy indices as well as of indices for new asset classes such as volatility and commodities. Prior to joining Deutsche Börse Group Hartmut was for four years with Roland Berger, an international management consulting company, where he served mainly clients from the financial services industry. He started his career in product management and research in the fixed income department in the investment banking division of Commerzbank.

Matthieu is in charge of developing the EasyETF range for AXA Investment Managers. He joined AXA Investment Managers in 1999 as Head of Products Engineering, in charge of the Project Management of all new products launches for AXA IM. Within the organisation Matthieu held several positions as fund manager for Index Funds and ETFs and Chief Operating Officer for Investment Solutions. Before joining AXA, Matthieu held a sales position at Société Générale. Matthieu graduated from EDHEC School of Management in 1993.

Jacob is a supporter of the concept of ETFs being used to create alpha. His 16 years of experience within the financial markets has provided him with a wealth of experience that he will be bringing to the event. Jacob is a regular guest on financial news programs (BBC, Bloomberg US, UK, Germany and CH), CNBC Asia, CNBC Europe) and has been a member (adjunct professor) of Webster University's international faculty (School of Business and Technology) since 1999 (Vienna 1999, London 2002) teaching and researching finance and capital markets

Bong Ha has been working with Samsung since 2001 overseeing the risk management and OTC products at both Samsung Insurance and Samsung Investment Trust Management. Since 2003 Bong Ha has been head of the Portfolio Management and ETF team looking after mostly the Kodex ETFs ( AUM USD 1.75)

Velida solely looks after the pension fund investments for the County Council of Gavleborg. Her experience in ETFs has been sporadic with limited use of broad European ETFs as well as an ETF tracking the Dow Jones Commodity Index. Velida sees ETFs liquidity, low costs, and an ability to keep exposure to hard to reach markets as favourable to other investment vehicles on the market. A challenge Velida has identified is effectively sourcing a manager who has wider experience of ETFs and believes the process of profiling her search is highly important to this exercise. She would like to know more about the simple basics of ETFs and is concerned with the impact of large amounts of investors surging into the ETFs market will haveon any ETF she is already invested in. Her panel presence is an excellent opportunity to understand the searching process of a mid sized European pension scheme and understand how solutions to common problems can be found.

Stephen Jen is a Managing Director at Morgan Stanley and serves as the Global Head of Currency Research for the firm. He is based in London. Prior to joining the firm in October 1996, Stephen spent four years as an economist with the International Monetary Fund (IMF) in Washington, D.C. In addition, Stephen was actively involved in the design of the IMF’s framework to provide debt relief to highly indebted countries. Stephen has also worked for the Board of Governors of the Federal Reserve and the World Bank, and has been a lecturer at Massachusetts Institute of Technology and Georgetown University School of Business. Stephen holds a PhD in Economics from the Massachusetts Institute of Technology, with concentrations in International Economics and Monetary Economics. He also earned a BSc in Electrical Engineering (summa cum laude) from the University of California at Irvine.

Antonys thoughts on ETFs: ‘I think the challenge for ETFs is to absolutely ensure correct pricing and valuation which has proved not necessarily to be the case for some issues. The challenge is that with the number of new ETFs being introduced there is an exceptionally large and growing pool to choose from across different geography sectors, right down to individual areas of the market such as specific commodities. I believe there are around 1,250 ETFs currently being traded globally so one challenge may be differentiation and I think in this respect issues regarding transparency and pricing will be critical.’ After working for National Westminster Bank for six years, in 1986, Antony established a private financial service practice. For 10 years he worked as a Director of Hill Samuel Asset Management and between 1999 and 2003 he was an Executive Director at the private Swiss bank, Lombard Odier Darier Hentsch. Antony joined IMS in 2003, and became Chief Executive Officer in 2007.

Russell Jones is RBC Capital Markets' Global Head of Fixed Income and Foreign Exchange Research. He can boast more than 20 years of experience as a financial markets economist and macro strategist and, besides London, has spent extended periods working in both Tokyo and the Middle East. He joined RBC in the summer of 2007 from the Abu Dhabi Investment Authority and before that enjoyed 10 years at Lehman Brothers, where at different times he filled the positions of Chief Economist for Asia, Chief International Economist and Head of FX Strategy. Russell has a B.sc and M.sc in Economic History from Bristol University and has written a number of books on the evolution of post-war UK macroeconomic policy. He is also a regular commentator on global financial issues both on TV and in the written media.

Michael is a Managing Director, the Global Head of Commodities Research at Deutsche Bank and is based in London. Michael's group analyses the macro fundamental forces driving commodity markets with the ultimate aim of delivering directional, curve and volatility trading strategies with particular focus on the global energy, industrial metals, precious metals, agriculture, freight and coal markets. In addition the group also exmaine the properities of commodities as a distinct asset class, which is highlighted by the Bank's award winning suite of commodity index products. In the 2008 Energy Risk Rankings Deutsche Bank Commodities Research were ranked #1 in four research categories and were in the top 3 in all other research categories. Before joining Commodities Research in 2003, Michael was the Deputy Head of Foreign Exchange Research at Deutsche Babnk where he had worked for the previous seven years. Michael holds a BSc in Economics from the University of Bristol and an MSc in Economics from the London School of Economics.

Mr Martin is Executive Director of Research and Strategy for IXIS AEW Europe, responsible for the company’s Research and Strategy functions. Mr Martin joined Curzon Global Partners at its founding in 1999. Since then he has been principally responsible for developing investment strategy and international research with a focus on pan European real estate. Working closely with teams in London, Paris and the US, he coordinates European investment strategy and has been responsible for all aspects of portfolio strategy. In this role he is also a standing investment committee member for all European accounts and his team supports the acquisitions and asset management functions for all transactions. Additionally working with his colleagues in the US, he supports the firm’s global securities business with a focus on Europe and Asia. Prior to joining Curzon Global Partners he was a Director in the Investment and Financial Services Division of DTZ and headed the company’s Fund Management and Investment Strategy Group. In this role he was responsible for advising DTZ’s Fund Management Clients on the design, creation and execution of their real estate investment strategies. Prior to joining DTZ in 1996, Mr Martin served as a real estate portfolio strategist for CB Hillier Parker and worked as an analyst specialising in economics and forecasting at both Cambridge University (Property Research Unit) and at Kingston University (Real Estate Faculty) in London. Mr Martin sat on the Royal Institute of Chartered Surveyors/IPF Working Party on the Calculation of Investment Worth, is a former committee member of the Society of Property Researchers. He has also lectured at Kingston University where he obtained his B.Sc., University College London and at Reading University. Tel: +44 207 016 4800 Fax: +44 207 016 4700 Email: research@curzonglobal.com

Thorsten graduated from the Polytechnic in Constance with a degree in Business and Management Administration. Thorsten started his career with a Swiss Bank in Zurich as a trader for foreign exchange warrants and later became a marketer for warrants & certificates in Germany. He joined Deutsche Bank as an equity derivatives structurer and marketer in 2000, and in 2001 Thorsten became responsible for marketing and press relations for warrants and certificates in Germany. He moved to Asia in 2004 and ran the warrants and certificate business for Deutsche Bank out of Hong Kong. Since mid 2006 Thorsten has been building the Equity Exchange Traded Funds business for Deutsche Bank.

Manooj Mistry joined Deutsche Bank in May 2006 and is part of the team responsible for the development of db x-trackers, Deutsche Bank's Exchange Traded Funds. Prior to Deutsche Bank, Manooj was with Merrill Lynch International in London where he was responsible for the development of the LDRS ETFs, the first ETFs to be launched in Europe and also worked on fund vehicles for the issuance of structured products. Manooj graduated in Economics and Business Finance from Brunel University.

Tim joined Invesco in 2002 as a sales executive within Specialist Funds and became Head of Investing Institutions in 2004. Tim's career began in 1993 at Panmure Gordon, an investment bank specialising in Investment Trust Companies. As a salesman within the Investment Trust sector Tim went on to work at institutions such as Deutsche Bank and Merrill Lynch before moving to Invesco where he now leads the sales and distribution team involved in the promotion and development of Invesco PowerShare's range of Exchange Traded Funds. Tim holds a BA(Hons) degree in Financial Services from Bournemouth University.

David has 20 years experience in proprietary trading and analysing financial markets. In 1984, he joined a global seismic exploration company and was posted to the jungles of Papua New Guinea. During this period, David lived and worked with local tribes in the Sepik Basin and started to formulate his theories on collective emotional behavioural patterns. In 1986, David joined JP Morgan, where he traded the major bond, interest rate, bullion, foreign exchange and equity index markets. Part of his responsibilities included acting as strategic advisor to the Head of Trading using his price and behavioural-based analysis techniques. In 1991, David founded and managed JP Morgan’s highly successful European Market Analysis Group, which had widespread responsibility across various markets, including developed and emerging markets. In 1993, David’s unique skills led him to establish Apollo Analysis Ltd to advise several bulge-bracket banks on taking directional risk in global and emerging markets. David joined Emergent as a Principal and CIO in 1997. He lectures widely on financial markets and appears regularly on CNBC television to discuss his opinions. In addition, David is a keen military historian, which is an important component in formulating his global macro view over the next decade. His book will be published shortly. David has an Honours degree in Geophysics from Exeter University.

Par: “We started out using ETFs as a vehicle to handle liquidity within our passive mandates. After getting used to ETFs we created a global product based on only ETFs and moreover we developed some core-satellite products were ETFs are used as the core. In 2002 we started to manage the portfolios for the Swedish ETF-provider XACT, then owned by the Stockholm exchange. In 2004 we bought the company XACT. After having bought the company the Structured Asset Management department got deeply involved in ETF product development. Since the purchase we have developed six new products, among others the first leveraged long and leveraged short ETF products in the world, XACT Bull and XACT Bear, and most recently the first Fundamental Index ETF product in Europe, XACT FTSE RAFI Fundamental Euro. For some years the Structured Asset Management department have developed numerous CPPI-products. We launched the first perpetual CPPI-product in Sweden with a formal guarantee in 2006. In all our CPPI-products we use ETFs as risk exposure.” Pär has been a Portfolio Manager in the Structured Asset Management team since 2005. The Structured Asset Management teams develops and manages passive products including all XACT ETFs, enhanced index products and CPPI products. Prior to Structured Asset Management Par worked as Portfolio Manager, Global and US equity products, Portfolio Analyst and Performance Analyst. Mr Nürnberg holds a Master of Science in Industrial engineering and Management.

Karl Olbert studied law at the Universities of Heidelberg and Geneva; he holds a law degree (2. Staatsexamen) of the State of Baden Württemberg. His financial education includes an banking apprenticeship in Germany, financial analyst, TH Darmstadt as well as an investment banking seminar at Stern Graduate School of Business, New York University, New York and a Senior Executive Seminar at the London Business School, London. Karl has 20 years of professional experience in the asset management industry. For many years he worked for the Deutsche Bank Group, first in Mannheim servicing institutional investors, as European Equity Portfolio Manager with Morgan Grenfell Asset Management in London and as Managing Director of Deutsche Asset Management, Frankfurt, with focus on client relationship and business development in Germany. Later he was responsible for the business of State Street Global Markets in Germany which included services for institutional clients and asset management companies around trading, research and operational efficiencies.

Jim is Head of Global Economic Research for Goldman Sachs, and has been in this position since September 2001. In this role, Jim oversees all the firm’s economic research and the output of its team all around the world. Jim received his Ph.D. in 1982 from the University of Surrey after graduating in Economics from Sheffield University in 1978. After a brief spell with Bank of America and International Treasury Management, a division of Marine Midland Bank, in 1988 Jim joined Swiss Bank Corporation(SBC). In 1991, he became Head of Research, globally for SBC. Jim joined Goldman Sachs in October 1995 as a Partner, Co-Head of Global Economics and Chief Currency Economist. Jim is the creator of the acronym BRICs and together with his colleagues he has published much research about BRICs which has become synonymous with the emergence of Brazil, Russia India and China as the growth opportunities of the future. Jim is a member of the board of the Royal Economic Society in the UK, of the European think tank Bruegel, and Itinera, a Belgium think tank. He is a member of the UK-India Round Table. Jim is one of the founding trustees as well as currently Chairman of the London based charity SHINE. Jim is also Chairman of Goldman Sachs European Charity Committee and a Trustee of PiggyBankKids. He also served as a non-executive director of Manchester United before it returned to private ownership in 2005.

Sébastien Page, CFA, is senior managing director and head of the Portfolio and Risk Management Group at State Street Global Markets. Previously, Mr. Page worked at CDP Capital on asset allocation. In 2000, he won first prize in the Montreal CFA Society–August Hagedorn Contest for his research article on value at risk; in 2002, he won the Quebec Financial Industry honorable mention in the Young Professional of the Year category; and in 2003, he won the Bernstein Fabozzi/Jacobs Levy Award for Best Article in the Journal of Portfolio Management. He has also published articles in the Journal of Asset Management, the Journal of Investing, and the Canadian Investment Review. Mr. Page is a frequent speaker at various academic and practitioner conferences. He holds an MSc in finance from Sherbrooke University in Canada.

Graham will be presenting on the ‘examining how ETFs can be used to take advantage of emerging market opportunities’ from the end-user perspective. As an established trustee organisation working for both corporate and individual clients Graham has the unique experience of being able to understand the challenges affecting both sectors. His insight is tailored to meeting the challenges with solutions and is an advocate of ETFs use. We provide trustee services to a wide range of corporate and individual clients acting on both 'Live' schemes and those in wind up. We are approved members of The Pensions Regulator Trustee panel, members of the Independent Pension Trustee Group, the National Association of Pension Funds and The Association of Corporate Trustees.

With 17 years of capital markets experience, Tim is responsible for asset allocation and investment selection at wealth managers PFP Group. Tim has been shortlisted for five successive years in the Private Asset Managers Awards programme and was a winner in 2005 in the category of Defensive Investment Performance. He was also shortlisted in the inaugural Spear's Wealth Management Awards 2007 in the category of Asset Manager of the Year. Tim has recently written for publications including The Financial Times, Investors Chronicle and The Spectator, and is a regular columnist for Money Week magazine. He maintains an investment weblog at http://thepriceofeverything.typepad.com

Bob Rädecker overseas the use of ETF’s as a tool mainly used for strategic purposes to reach emerging markets or particular stock market sectors. Liquidity and cost Bobs states to be the most pressing concerns facing the ETFs market today. His session will be an opportunity to see how an institutional fund has come up with solutions. In 1998 Mr Rädecker joined PGGM, where he was responsible for implementing and managing PGGM’s credit portfolios. After a period of acting Head of Fixed Income, in March 2006 he became Head of Beta Portfolios; responsible for managing PGGM’s Euro 63 billion multi asset class beta exposure in equities, fixed income, inflation linked, commodities and high income.

Dr. Schäfer has written numerous articles on international finance and banking and monetary policy issues, many of which have been used within Bloomberg and other financial news outlets own reports. His main focus is emerging market and country risk analysis and is a member of Dresdner Banks re-scheduling committees for Poland and South Africa. In addition he has undertaken extensive studies and economic policy consultancy on the transformation of formerly socialist countries and in particular their finance and banking systems into market oriented units. Born in 1954, Dr. Schäfer reached his degree in economics at Frankfurt University in 1979 and his doctoral degree in Economics in 1984.

David Silbert is Global Head of Commodities at Deutsche Bank. He is responsible for coordinating the firm's global activities across all trading, structuring, sales and origination aspects of the Commodities business, including US & EU Power, Gas, Oil (crude and refined), Base & Precious Metals, Freight, Coal, Weather, Emissions and Soft & Agricultural products. Over the past twelve months Deutsche Banks’ global commodities teams have won numerous awards reflecting their successful growth in this area including The Banker magazine's ‘Commodities Trading House of the Year’ and Energy Risk's ‘Derivatives House of the Year’.

Chris Sutton is part of Watson Wyatt’s global Thinking Ahead Group (TAG) led by Roger Urwin, global head. Chris, who has around 17 years professional experience in the investment industry, joined Watson Wyatt from Barclays Global Investors (BGI) where he held a number of senior positions in his long career there. These included CEO of iShares Europe, director of BGI limited, member of the European Executive Committee and head of the Global Index and Markets Group. Chris is a fellow of the Institute of Actuaries Watson Wyatt Investment Consulting’s global Thinking Ahead Group, comprises more than ten consultants, and is tasked with identifying and developing new investment thinking and opportunities for pension funds. The group has produced ground-breaking research such as Remapping our Investment World, Changing Lanes, Macro Factors and Flight Plan.

Sulaiman oversees the company and client portfolio investments with an amount totaling 2.4 billion USD. Heading the Investment Services function, Sulaiman is currently responsible for creating the first ETF in the GCC to allow foreign investors a flexible vehicle to gain exposure to the previously untapped region. As an emerging market, Sulaiman confronts the global markets with the potential gains and diversification benefits many portfolio have long been waiting for. Sulaiman understands the various concerns global investors face when dealing with the region and is willing to enlighten the way of bridging the investment divide.

Dr Hardeep Tamana has worked in the Financial Services sector since 1994 in various Banking roles and later developed a conventional stockbroking career. Hardeep pursues a value investment style but is not averse to adapting market tactics to suit the overall market conditions, especially where this is deemed likely to enhance returns. In 2002, Hardeep founded the UK's first Islamic Stockbroking Service - later Fyshe Crestar. In his current role, Hardeep has transformed the direction of Fyshe Horton Finney Ltd from a respected regional stockbroker to one with an international financial services agenda. Hardeep is a regular contributor to Bloomberg TV as well as other UK press & media.

Mike is one of our few speakers who in fact is not a current ETF user. However he has carried out extensive research on potential ETF investing and will be presenting his arguments on the main hurdles there are for institutional investors and what is required by the product creators for these hurdles to be taken away. Mike joined LPFA in September 2006, having previously held the County Treasurer role at Surrey County Council since 1998. In all, he spent 25 years with Surrey, holding a variety of posts in finance specialising in overall financial planning and education and social services accounting. He was brought up on Teesside and came south to University College London where he gained a degree in Maths. Mike then trained as a CIPFA accountant with the London Borough of Westminster and worked for the London Boroughs of Southwark and Hammersmith and Fulham before joining Surrey. He is a member of the CIPFA Pensions Panel, regularly chairs the NAPF Local Authority Forum round table and is a former Honorary Secretary of the Society of County Treasurers. He is frequently invited to speak on local government finance and pensions issues at national conferences. Mike’s drivers have been described as "hurry up, be perfect" and he wants to pursue excellence in everything the LPFA does. Outside work, Mike is am a keen tennis player and avid supporter and season ticket holder at Chelsea Football Club.

Danièle Tohmé-Adet – Head of Business Development, ETF and Indexed Funds BNP Paribas AM Co-Head of the EasyETF platform Danièle joined the EasyETF business development team in 2005. She has 19 years of experience in financial products. She has been with BNP Paribas since 1997. Before joining the EasyETF team, she helped develop the currency overlay management business (begun in 2001) for BNPParibas AM and Overlay Asset Management. In 1997 she created the sales desk for foreign exchange and FX derivative products for BNP Paribas’ fixed income division servicing central bank and supranational clients. Before joining BNP Paribas, Danièle held various positions as senior manager of Financial Futures on both regulated (MATIF, CBOT, CME, Philadelphia) and OTC markets for major US Investment Houses such as Drexel BL, Paine Webber and Smith Barney. Danièle holds a Masters in Business Administration and Marketing from University of Paris-Dauphine.

Michael Turner manages FRM’s risk managers and quantitative analysts, and is responsible for assessing investment risks in FRM portfolios and developing quantitative models to improve FRM’s investment process. Previously, Michael was a Director at Aspect Capital Limited, London and a Quantitative Research Analyst at Schroder Salomon Smith Barney. He holds a BA (Hons) Mathematics from the University of Oxford and a PhD in theoretical Physics from the University of Southampton. Michael joined FRM in February 2007 and is based in London.

Murat sees large corporate investors and pension funds moving away from segregated accounts towards a mutual fund and ETF format. There is a distinct move he says towards core-satellite approaches, core being passive with ETFs, and satellite being active in equity. The greatest opportunities for ETFs Murat believes exist in investors use of them in as strategic allocations on a long-term basis and indexes on a short. Due to the spreads on ETFs he doesn’t see them as viable for short-term investing tools but can be beneficial long. For tactical asset allocation Murat says institutional investors are becoming more sophisticated at investing themselves and are trading their own assets. ETFs are a simple way for them to attain their short-term goals he states. Murat founded Funds@Work AG at the end of 2001 where just prior he had taken over the bank marketing business at Fidelity Investments for a short period of time. Since the establishment of Funds@Work AG Murat has managed with his team more than 70 projects in 14 jurisdictions serving clients that represent the entire value chain of asset management. He worked for an international management consulting firm after his studies and joined the mutual fund/financial services business in 1998 acting finally as a Management Committee member for a German Asset Manager where he was mainly responsible for integrated marketing, sales and PR. As Head of Investment Marketing and Sales within Citibank Northern Europe (focusing on Belgium & France) in Brussels he managed the third party fund business (CitiChoice) and brokerage activities. Murat has a Master of Business Administration degree (MBA) from the Kellogg School of Management, USA in joint cooperation with WHU, Germany and its network programs at Tel Aviv University, Israel and Hong Kong University of Science and Technology, China. Murat also holds a Master of Laws (LL.M.) degree from the School of Law at Northwestern University in Chicago. Murat studied Business Administration and graduated from the University of Adelaide, Australia (with research in Asia/Pacific) with a Bachelors Degree in Commerce (B.Com).

'Having trained as a barrister, Justin took up corporate finance, working in both Africa and Singapore. He then went into marketing with a focus on corporate cash management facilities. This led him to help found Broker Services in 1986, which went on to become Barclays Stockbrokers, where he was Marketing Director. In early 2001, he co-founded Seven Investment Management, an investment management business that innovated the UK investment market with the introduction of the first Sterling Investment Wrap Account which now manages and administers in excess of £1.6 billion on behalf of professional financial wealth managers and intermediaries. Justin has a keen interest in developing the investment market to break down as many of the traditional barriers as possible for both private investors and smaller companies. He writes regularly for national magazines and newspapers, and is a frequent commentator on television and radio, both in the UK and abroad.'

As CIO and Member of the Executive Management Committee of AP3 Erik has the responsibility of the overall risk and portfolio structure of their € 22bn fund. He heads the Risk Management department which comprises two teams: the Risk allocation team which works in areas like ALM, portfolio modelling, manager structure and risk budgeting, and the Risk Control team in charge of middle office functions like pricing and ex post analysis of performance and risk. Prior to AP3 Erik worked for Svenska Handelsbanken between 1995 - 2000 in various research positions. Between 1997 – 1998 Erik was a Senior Quantitative Analyst at SHB in London working mainly with fixed income derivates. In 1998 Erik took up the position of Head of Financial Research at SHB in Stockholm heading a group of quantitative analysts in the fixed income/fixed income derivatives area Erik gained his PhD in Mathematics from Stockholm University in 1989 in the field of Algebra.

Jonathan J. Wilmot is a Managing Director of Credit Suisse and Chief Global Strategist in the Investment Banking division, based in London. His work focuses on major secular and cyclical themes in the world economy and their implications for global capital flows and asset prices. Mr. Wilmot travels extensively in the U.S., Europe and the Far East, and works closely with the Bank's Global Economics and Strategy teams, Proprietary Trading and Sales Coverage Groups. He is a member of the Bank's Global Economics and Strategy Group. Mr. Wilmot joined Credit Suisse First Boston in 1985 from Bank of America where he worked as an international economist. Previously, Mr. Wilmot was an economist at Merrill Lynch for two years. Mr. Wilmot holds an M.A. in Philosophy, Politics and Economics from Oxford University.