SEPT 18-20, 2019

PROGRAM Wednesday, September 18

Food Leaders Retreat in Asia Building a Healthier, More Sustainable Food System 8:30 am – 1:30 pm Crescent Four Seasons The Food Leaders Retreat in Asia brings together food industry leaders, investors, ag-tech and food entrepreneurs, government leaders, and international organizations to discuss global trends in food and agriculture. Participants will explore the solutions and collaborations needed to boost efficiency, address systematic risks in the market, promote healthier diets, and reduce environmental degradation. By understanding these issues, leaders will be able to better collaborate and connect the gaps between scalable innovation, meaningful investments, profitable financing, sustainability, and personal health.

Featuring speakers including:

Heston Blumenthal, Chef and Owner, The Fat Duck Grahame Dixie, Executive Director, Grow Asia Hans Kabat, Group Leader, Cargill Protein Asia and Europe Simon Lowden, President, PepsiCo Global Foods Pascal De Petrini, Senior Vice President Chairman Asia, Danone Bev Postma, Consultant, GreenOcean Group Sandhya Sriram, Co-Founder and CEO, Shiok Meats Ryan Shadrick Wilson, Senior Advisor, Milken Institute

Asia’s Leading Women Roundtable 11:00 am – 12:00 pm Windows West Four Seasons Hosted by Prudential, this roundtable gathers Asia’s top women leaders for a candid discussion on the forces shaping the Asia-Pacific region.

*By invitation only

MILKEN INSTITUTE ASIA SUMMIT 2019 2 Wednesday, September 18 3 pm pm pm am – 5:00 – 8:00 – 8:00 – 9:30 – 9:30 pm pm am am *By invitation only *By invitation only 6:00 6:00 8:30 12:00 CEO, AARP CEO, MILKEN INSTITUTE ASIA SUMMIT 2019 Chairman, Center for the Aging, Future of Milken Created motivate to and inspire the nextgeneration of women leaders in InstituteMilken finance,Women Leadersthe 2019 in Finance Summit will focus on improving individual and organizational performance throughgoals, adaptability, and perspective long-term in a rapidly changingworld. The willevent bring together top performers from the worlds sports of finance to academiato for stimulatingdiscussions on leadership and performance, and an provocative exchange of ideas to on competitivehow be in ever- this changing world. Co-hosted Accenture by and the Milken Institute Moderated Irving, by Paul Institute; Distinguished Scholar in Residence,Davis School of Gerontology, USC Opening remarks Jenkins, Ann Jo by The inevitably demographic of change requires fresh thinking and new prioritiesby businesses,governments, and social institutions. Attitudes and institutionalized barriers to participation by older adults must broken.be Healthy aging must become a pillar in all institutional policies; theecosystem must be one focused on disease prediction, prevention, and wellness. Employers need capitalize to on their potentialby enhancingworkplaces and intergenerationalworkforces to allow themto remain active and productive. This Roundtable brings together leaders and experts discuss to the value of older workers, the potential for employers, and the roleof health in building a future harmonious of and longevity, the advantages age-forward of societies.

Four Seasons Four Seasons Ballroom Windows West Women Leaders in Finance Summit Finance in Leaders Women Welcome Reception for Speakers for Reception Welcome and Sponsors Young Leaders Circle Young Reception Welcome Aging Roundtable Strategies for Age- a New Linking Healthy Longevity Productivity and Thursday, September 19

The Future of Asia Breakfast Roundtable 7:30 am – 8:30 am Vista I Vista Hilton Many economists and academics predict that Asia will become the primary driver of the global economy in the next 10 years. This breakfast roundtable, hosted by McKinsey, will examine eight dimensions—trade, capital, people, transportation, energy, data, culture, and environment—to discuss untapped potential for Asia-led global trade, how the changing dynamics around Asia are providing breakthrough opportunities for Asian cities, and specific country views on what the future holds for the continent.

Parag Khanna, Founder and Managing Partner, FutureMap Jeongmin Seong, Senior Fellow, MGI; Leading Author, Future of Asia Jonathan Woetzel, Senior Partner, McKinsey; Director, MGI

Moderated by Curtis S. Chin, Milken Institute Asia Fellow; Former US Ambassador to the Asian Development Bank

Japan Breakfast Roundtable 7:30 am – 8:30 am Vista II Vista Hilton This private breakfast brings together Japanese senior executives to discuss the economic, financial, and geopolitical factors affecting the country’s business outlook. Will Japan’s response to global conditions bolster domestic growth? What additional measures need to be taken to soften this impact? Which sectors are slated for a surge and which might be headed for a slump? Are geopolitical tensions between Japan and its neighbors a cause for concern?

Moderated by Kotaro Tamura, Milken Institute Asia Fellow; Chairman, Japan Intelligence Initiative; Former Senator and Parliamentary Secretary

Opening Plenary | Redefining the Asian Dream 8:30 am – 9:30 am Ballroom Four Seasons The “American Dream” may be West’s most desired “soft power” ideal to which millions of people around the world yearn. In Asia, this ideal is fast becoming a reality for many, as rapid economic and wage growth have expanded opportunities, broadened consumer markets, catalyzed new industries, and minted millionaire entrepreneurs. From demands for better

*By invitation only

MILKEN INSTITUTE ASIA SUMMIT 2019 4 Thursday, September 19 5 am – 9:30 – 9:30 am *By invitation only 8:30 CEO, Milken Institute Milken CEO, Singapore BBC News Bureau Editor, MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Governor, Central Governor, Bank the of Philippines President CDPQ and CEO, President Global and CEO, Markets, GE Former Prime Minister New Zealandof Co-President Creditease in Strategy, Wealth Ho Kwon Ping, ExecutiveHo Kwon TreeChairman, Banyan Senior Mahbubani, Kishore Advisor (University & Global and Relations) Professor in the Practice, National University of Singapore Moderated by HaslindaAmin, Chief International Correspondent Southeast Asia, Bloomberg TV Welcome remarksWelcome Mike by Klowden, Clark, Helen Moderated Fogarty, by Maura Enggartiasto Lukita, Republic Minister Indonesia of Trade, of Michael Sabia, Yue Zhang, Welcome remarksWelcome Timothy by Dattels, Managing Partner, TPG Capital Asia; Chairman, Institute Milken Asia Center, Diokno, Benjamin Duan, Rachel While the global economy continues its decade-long growth, market participants increasinglyworry about visible cracks on the surface.From interest rate developments trade to worries and political instability, global policy uncertainty and general instability raised have downsiderisks across the Will world a U.S. economy. rate cut, trade agreements, and the ECB’s continued accommodative policy be enough to investors’ease worries? What regional problems are most international likely spill into to over financial markets? And what are key developmentsthe that might change the current outlook? education and healthcareto leisure and travel, a greaterhave citizens range lifestyleof and personal opportunities that those in previousgenerations Butdid not have. as the region continues forward on the of path prosperity, how the is Asian Dream evolving differently from the American How Dream? can ensure we that the opportunitiesto pursue personal aspirations are attainableeveryone?to What does the Asian Dream todaylook and like how will that change in thefuture?

Hilton Ballroom Opening Plenary Overview Global Opening | Thursday, September 19 6 am am – 10:45 – 10:45 – 10:45 – 10:45 am am 9:45 9:45 Global Deputy Vice Chair – Transaction Advisory MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Co-CEO, Investcorp Co-CEO, President and Chief OMERS Pension Officer, Managing KBBO Director, Managing Advantage Director, Capital Partners CIO, Cathay CIO, FHC Senior Managing Director & Head International, of Headof Founder, Global Founder, Ventures Executive Directorof International Distribution, Principal Global Hazem Ben-Gacem, Hazem Ryan Brennan, Ryan Patrick Edelmann, Patrick Kirk West, Noor Sweid, Noor Investors Moderated Hood, by Julie Services, EY There little is argument about21st thecentury being defined by the growth emerging of markets. while these Yet, countries continueto grow and develop an at un–precedented rate, investors are timid. Both the persistent tension surrounding global trade and potential backlash from looming downturns in the U.S. and Europe, caused have broad emerging marketindices be to the down over past two years. Recent gains, however, left investorshave looking for driversof future returns. countriesWhat are best positionedweatherto the current stateof uncertainty? How can policymakers encourage foreign investment their into own markets and implement investment safeguards mitigate to sudden capital outflows? Alain Carrier, Europe, CPPIB Sophia Cheng, Blake Hutcheson, Moderated by Steffen Executive Meister, Chairman, Partners Group Search-for-yield has led portfolio to Search-for-yield reallocations across the globe, most notably seenwith pension US funds doubling their alternative investments since 2006. Discipline essential is for portfolio construction, butpositioning and strategies must adapt as the cycle turns. What are some the of biggest challenges institutionalinvestors and are what facing strategiestoday, can they adapt prepare to How will for a downturn? their portfolio change, and what positions might turn outto be riskier than anticipated? In the end, how can institutionalinvestors sure make that they returnsmeet long-term needed fulfill to their mandates?

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Institutional Investors: Investors: Institutional Assets Long-Term Stewarding Ballroom Crescent The Outperformers:The Markets A Case Emerging for Thursday, September 19 7 am am – 10:45 – 10:45 – 10:45 am am *By invitation only 9:45 9:45 Assistant Asian CFO, Infrastructure MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Chairman the of Board, BombardierInc. Managing Director, Blackrock ManagingDirector, Architect and Principal, Büro Ole Scheeren Group Leveraging the latest breakthroughs in predictive capabilities has the potentialto further transform industries and improve lives around the world. The right mix data, of technology, and talent will allow for more precise predictions, including anticipating daily consumer-focused activity such as retail demands, forecasting supply chain needs and identifying potential disruptions in shipping logistics, as well as making incredible discoveries through health advances. Join us for an exclusive, off-the-record conversation WorldQuant,presentedby during which leading industry experts will discuss the rise predictive of technologies that drive better business outcomes and solve critical societal challenges, while navigating a rapidlyenvironment. evolving Moderated by Curtis S. Chin, Institute Milken Fellow;Former Asia US Ambassador the to Asian Development Bank Hugh Andrew, Hugh Beaudoin, Pierre Moderated by Andrew Cross, Bank Investment Ahmed M. Saeed, Vice President (East Asia, Southeast Asia, and the Pacific), Asian Development Bank Scheeren, Ole What moves urban centers from being business-friendly business- to Beyond exciting? the basics-- a stable economic and political regime, supportive regulatory, legal, and financial institutions, good infrastructure, and pool a talent of cities -- are increasingly integrating technology and urban design improve to efficiency, enhance sustainability, and boost competitiveness in an already competitive globalmarket. How can urban planners, developers, and governments find an optimal blend of technology and human-centric a approach ensure to a better qualityof life, but also unlock savings and attract investment when developing these smart cities?

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Innovation Hubs: Hubs: Innovation Urban Frameworks Revolutionizing Windows East Windows West How Business & Society Can Benefit From A A & Society Can Business From How Benefit Data of World The Power of Prediction of Power The Thursday, September 19 8 am am – 10:45 – 10:45 – 10:45 – 10:45 am am *By invitation only 9:45 9:45 Chairman, Institute Milken MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT CEO, Bakrie CEO, Global Deputy Ventura; Chairperson, Governor, Central Governor, Bank the of Philippines Group Executive Chairman and Senior Investment Officer, Partner and Co-CIO, Värde Partners Co-founder, Co-Chairman, Co-founder, and Canyon Co-CEO, Partners, LLC Chairman Barings and CEO, Co-founder and Managing Partner, Asia Partners Chairman, Serge Pun and Associates Group Indonesian Chamber Indonesian Diokno, Benjamin Enggartiasto Lukita, Republic Minister Indonesia of Trade, of Nash,Nick Pun, Serge Anindya Novyan Bakrie, Moderated by Dino Patti Djalal, Institute Milken Fellow;Founder, Asia Foreign Policy Community Indonesia of Is Southeast Asia still a destination forbusiness and finance given the current global geopolitical and economicCapital climate? outflows from monetary policy tightening,weakening currencies,geopolitical realignment, and pinched supply chains from ongoing trade put tensions a damper have on the economic activity in the region. Are there still opportunities for strong returns from Southeast What sectors Asia? continueto grow despite global headwinds? What are the latest developments in government policies that are aimed boosting at economies that investorswould be interestedto know? Moderated by Michael Milken, Is the nextrecession imminent? While pundits continue their daily declarationtomorrow’sof crisis, investors know about the futileexercise marketof timing. But with the longest bull market on record, it has become clear that managers and investors be to positioned have for a downturn and their evolve strategies as markets shift. Join someof the most prolific investors across investment strategies as they discuss the current state of markets. What are the sectors and regions that could be an early indicator U.S. globalof Is the trends? IPOs fluxof signal a continued2019 of growth or last chancecash to In the out? end,as great investments are often made in timesof greatest panic, what are the right strategies for an end-of-cycle market? Ilfryn Carstairs, Michael Hintze, CQS Julis, Mitchell Tom Finke, Tom

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Common Sense from from Sense Common Investors Uncommon Ballroom Vista II En Bloc: Southeast Asia’s Outlook En Bloc: Asia’s Southeast Thursday, September 19 9 pm pm – 1:00 – 12:00 am am *By invitation only 11:00 11:00 Milken Institute Milken andFellow; Asia CEO MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT CorporateChairman, GMR Group Founder BigSpring and CEO, Managing Director NSE and CEO, Director, Asia Center, Milken Institute Milken Asia Director, Center, India continuescommandto considerable optimism from the global business and investment communities. The Modi-ledgovernment has promisedto introduce ‘big-bang’ economic reforms aimed enticing at investors and continue its efforts in strengthening bilateral relations with other nations. this phase rapidof growthHowever, comes a time at when thecountry faces a host internal of challenges such as rising unemployment, a population boom, ethnic tensions, security issues, and increased expectations for technological and infrastructural development. How are investors reacting new Modi’s to mandate and plans for policy Which reforms? sectors and industries are attracting fresh financing? isWhat the outlook of doing business in India? Nishith Desai, Nishith Desai Founder, Associates Grandhi, Kumar Kiran Vikram Limaye, Neel Raheja, Group Raheja, Neel President and K. Director, Raheja Corp Bhakti Vithalani, Moderated Abraham, by Reuben IDFC InstituteSenior Fellow, Moderated by Caitlin MacLean, Senior Institute, Milken Director, and Belinda Chng, This private roundtable will share with potential investors and donors the recommendations from a brainstormingworkshop on held in July 2019 translational medical research in Singapore. Specifically, it will further refine the Lab recommendations regarding the creation of specific philanthropic and venture funds address to obstacles in drug and therapeutic development in Singapore, and map the implementationof these recommendations.

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India Ahead: The Outlook for Ahead: OutlookIndia for The Business and Finance Ballroom

Financial Innovations Lab for Lab for Innovations Financial Research Medical Translational Vista I Thursday, September 19 m 10 pm – 12:00 – 12:00 p am am 11:00 11:00 Senior Institute Milken Advisor, Co-founder and Managing Partner, Arbor MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Founder, The Fat Duck The Fat Founder, General Asia Pacific, Manager, Westpac Banking President, PepsiCo Global Foods Head of APAC, Stripe Head APAC, of President, Cargill Protein Southeast Asia EVP and ChiefWeBank Information Officer, Rahul Shinghal, Rahul Moderated by Melissa Guzy, Chun Chang, Executive Chang, Chun Dean, Professorof Finance, Shanghai Advanced Instituteof Finance(SAIF),Tong University Shanghai Jiao Correa, Michael Corporation Henry Ma, Ventures E-commerce andE-commerce internet connectivity pushed have the growthof the digital economy in Asia. Underpinning these transactions are new and innovative technologies expanded that have financial services and market access peopleto and small medium to enterprises But (SMEs). the ecosystem is growing increasingly crowded and competitive, and regulators are facing complex issues that are falling across multiple traditional legal frameworks. What are the biggest challengesand digital deeper to adoptionof FinTech payments? How can businesses and governments bettercollaborate to foster innovation and entrepreneurship while safeguarding customer data? Matilda FounderHo, and Managing Bits Director, x Bites Kabat, Hans Heston Blumenthal OBE, Blumenthal Heston Simon Lowden, Moderated Wilson, Shadrick by Ryan Global food trends are pointing a to disconcerting conclusion: food systems are no longer capable supporting of consumer demands in a way thatis sustainable,healthy, or environmentally-friendly. Supply chains are under pressure, food regulators are struggling keep pace to with new food technology and safety concerns, andgreater access ingredients to has led increased over-consumption, to waste, and non-communicable disease. But this provides tremendous opportunitiesto reshape the industry, ledby technology companies and new investments. What are the opportunities within the food system disrupt to how food grown, is delivered, and consumed? How can consumer demands be balanced with sustainability and environmental What are concerns? the opportunitiescollaborateto and connect the gaps between scalable innovation, meaningful investments, sustainability, and health?

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Reshaping Food Systems Systems Food Reshaping for Sustainability Crescent Windows East The Race to Cashless: to Race The in Asia FinTech Thursday, September 19 11 am am am – 11:30 – 11:30 – 11:30 – 11:30 – 12:00 am am am 11:00 11:00 11:00 Chairman, Institute Milken President Institute Milken and COO, MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Chief Investment Public Officer, Officials Benefit Co-founder and Co-chairman, Oaktree Capital Management CEO, IDO Investments CEO, CEO, BitMEX CEO, Philip Boigner, Philip Jang, Dong-Hun Association Stephan Vliet, Van Chief Investment Prudential Officer, Moderated by RichDitizio, Howard Marks, Howard Moderated by Michael Milken, In this conversation with InstituteMilken chairman Michael Milken, co- chairman and Oaktree co-founder of Management, Howard Marks, will discuss his vision for the firm, his journeyto becoming a leading change- agent in finance, and his thoughts on the future developmentof financial institutions inAsia. FinTech and RegTech Leader, PwC Leader, and RegTech Moderated Arslanian, by Henri FinTech Arthur Hayes, Arthur BitMEX, of Hayes, CEO discusses the evolutionof financial infrastructure in the cryptocurrency including sector, the growth financial of derivatives, and what still needs to be established in order for the system to thrive. Moderated Henri by Arslanian, the conversation will also examine the increasing relevance Bitcoin in of a world where more and more government debt trades on negative yields. The Global Capital Markets Advisory Council meeting (GCMAC) brings together institutionalinvestors and asset owners from around worldthe for a wide-ranging discussion aboutfinancial markets. With more $20 than trillion gathering in AUM, GCMAC has grown the a one-of-a-kind to of senior leadership asset of owners. And for nearly a decade, it has provided CIOs theof world’s largest pension funds, endowments, foundations, insurance companies, and sovereign wealth funds with a private, forum off-the-record discussto the opportunities and challenges facing institutionalinvestors.

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A Conversation with Howard Marks Howard with A Conversation Ballroom A Conversation with Arthur with Hayes A Conversation Ballroom Global Capital Markets Advisory Global Capital Advisory Markets RoundtableCouncil Windows West Thursday, September 19 12 pm pm – 2:00 – 2:00 pm pm 12:30 12:30 Chairman, Institute Milken Associate Milken Asia Director, Center, MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT CEO, South China CEO, Morning Post CEO, AirAsia Group CEO, Berhad Founder WeLab and CEO, Founder PlusAI and CEO, Introductionby Laura Executive Deal Lacey, Director, Asia, InstituteMilken Heng Keat, Swee Deputy Prime Minister and Minister Finance, of Republic Singapore of Moderated by Michael Milken, As Singapore’s current Deputy Prime Minister and Minister Finance, of Heng one is the Keat of Swee most respected and influential leaders in Southeast Asia. In this conversation with InstituteMilken chairman Michael Milken, the Deputy Prime Minister will provide his thoughts and insights on trends in the finance,global sustainable economy, investing, education, and research and innovation. Introductionby Ann-Marie Eu, Institute Fernandes, Tony Liu, David Loong, Simon Moderated by Gary Liu, Asia has become a hotbed for tech start-ups. capital Venture investments be proven to quitehave lucrative, andgovernments many are increasingly focused on encouraging and promoting homegrown innovation. What are the driving forces behind Can this startups success? Asia’s really build a better future for This thepanel region? bringstogether someof Asia’s leadingfounders for discussion a on chasing dreams, creating growth, and the Asian entrepreneurial spirit.

Four Seasons Hilton Entrepreneurs Building a Better Future a Better Building Entrepreneurs Lunch Program | The Spirit of Asia: Asia: of Spirit The | Program Lunch Ballroom Ballroom Lunch Program | Dialogue with Heng Heng with | Dialogue Program Lunch Deputy Keat, Minister, Prime Swee Singapore Thursday, September 19 13 pm pm – 3:30 – 3:30 – 3:30 – 3:30 pm pm 2:30 2:30 Associate Professor Practice, of LeeKuan Founder SupChina and CEO, Inc. MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Founder and Managing Partner, FutureMap author; former diplomat; US and Kennedy Senior Fellow, Chairman CITIC Capital and CEO, President Global and CEO, Markets, GE Head Greater of China Bank Ratings, Fitch Ratings Former Consul General the of United States America of Hong to Director, Korea Project, Director, Harvard Kennedy School Geopolitical importantrisk has become ever-more an consideration for businesses with global supply chains and multinational operations. Global tensions, especially between the and US China trade over and technology, heightenedhave uncertainties and depressing economic activity. Meanwhile, regional disputes involving the South China Sea, North Korea, and Hong Kong, areOur stillpanelof experts in play. share their analysisof the shifting geopolitical landscape and its implications. Who will make the nextmove? Who will blink first? Rachel Duan, Rachel Robert Co-CEO and Petty, Co-Chief Investment The Officer, Clearwater Funds, Fiera Capital (Asia) Inc. Jane Ctrip Jie Sun, CEO, Wu, Grace Yichen Zhang, Moderated by Anla Cheng, Parag Khanna,Parag Pandith, Farah School Government, of Harvard University Park, John James G. Stavridis, United States Navy Admiral Operating (ret); Executive, The Carlyle Group; Chair the of Board Counselors, of McLarty Associates Kurt Tong, Kong andKong Macau; Partner, The Asia Group, LLC Moderated Crabtree, by James Yew School Public of PolicyYew China haslong promised the world that it would further open up its economy foreign to business and investment. Despite slowing economic growth, the economy still provides attractivemany opportunitieslong-term but an opaque regulatory environment and investment restrictions make it considerably difficult for foreign tofirms reap the full benefits. What can businesses and investors expect renewed from commitment China’s deeperto reforms and expanding its opening With up process? continued downward pressure and a prolonged trade dispute with the US, what risk indicatorsshould investors and businesses on? keep an eye

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China: Pathways to Prosperity in an an in Prosperity to Pathways China: Uncertain Era Ballroom Crescent Asia’s GeopoliticalAsia’s Chessboard: Checkmate Avoiding Thursday, September 19 14 pm pm – 3:30 – 3:30 – 4:30 – 4:30 pm pm *By invitation only 2:30 2:30 Managing Müeller Director, Asia MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Principal, Fireman Capital CEO, AARP CEO, Head Portfolio of Management, Junson Capital Wes Mendenhall, Wes Jennifer Steans, President Financial and Investments CEO, Corporation Moderated Pestalozzi, by Alexander Maggie Chen,Maggie Limited The number single-family of offices has been booming, doubling in number theover past years 15 an to estimated10,000 offices around the world. They are increasingly focused investments, on long-term inter-generational preservationwealth,of and philanthropy, buildingcollective a network where offices canleverage one another’s operating expertise and geographic competitive advantages. This private roundtable session will provide a space for chief investment officers and family principals from around worldthe to share ideas and investment opportunities among a networkof peers. Jo Ann Jenkins, Ann Jo Kazumi Nishikawa, Healthcare Director, Industries Division, Ministry of and Industry Trade Economy Japan of Executive Romijnsen, Fred Vice-President, Aegon GlobalStrategic Initiatives Moderated Irving, by Paul Chairman, Center for the Aging, Future of Milken Institute; Distinguished Scholar in Residence,Davis School of Gerontology, USC Extended lifespans are opening up newopportunities for peopleto remain active membersof society for longer periodsof time. But turning these opportunities reality into requires extending health andwell-being in-step with physical longevity. Protecting the minds and bodiesof older adults against age-related illnesses has positive impacts on their engagement in society and productivity in theworkforce. Given these trends, in what areas can businesses leverage healthy How should longevity? institutional investors and asset owners realign their liabilities with longer economic activity? How cancompanies support the physical and mental healthof older workers maintain to productivity?

Four Seasons Four Seasons Linking Healthy Longevity and Productivity Longevity Healthy Linking Strategies for a New Demography: a New for Strategies Windows East Windows West Forum for Family Office Management Office Family for Forum Thursday, September 19 15 pm pm – 4:45 – 4:45 – 5:45 pm pm *By invitation only 3:45 3:45 General Manager Asia, Portland MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Director General, Emerging Payments Association Editor in Chief, The Editor Straits in Chief, Times CEO and Executive Editor, andRappler ExecutiveCEO Editor, Inc. CEO, South ChinaCEO, Morning Post Ellanna Lee, Senior Lee, Ellanna Vice President Asia and Pacific, Managing Editor, CNN International Gary Liu, Warren Fernandez, Warren Maria Ressa, Moderated McClory, by Jonathan Communication Fake news has had an outsizedFake societal impact, influencing majorevents such as political elections to spreading fear and division worldwide. often It spreads faster than fact-checkers and authoritative media sources can definingkeep up. Even newsfake can be a challenge, given thesignificant grey area between controversial opinions and deliberate falsehoods. As many countries and social media companies look stem to the tideof misinformation, what lessons canwe draw from news fake laws already being implemented in countries across Who Asia? can best assess the fine line between combating misinformation and censoring opinion? And what role can the news media, corporations,government, and individuals in play this process? The growth technology-enabled of financial services in Asia has tremendously improved access capital to for millions people. of It has been the catalyst for the rise in entrepreneurs and new companies and pushed traditional financial institutions to adapt their business leveragemodels to this new thedigital At same economy. time, the digitization of financial services has given rise complex to concerns related data to security, privacy, storage, and informationverification that needs clearly defined regulations but stifling avoids innovation or thegrowth of the industry.This roundtable brings together industry leaders, associations, regulators, and entrepreneurs discussto the opportunities and challenges brought by on the rapidly expanding e-commerceand payments industries in the region. Moderated by John Ryan, Asia

Hilton Four Seasons Vista I Ballroom Payments in the 21st Century in the 21st Payments Roundtable Fighting Fake News: News: Fake Fighting Handle the Truth? Can You Thursday, September 19 16 pm pm – 4:45 – 4:45 – 4:45 – 4:45 pm pm 3:45 3:45 President Institute Milken and COO, MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Vice Chair; Senior Managing Director; Partner; Director, Philanthropist and Spokesperson, Murdoch Children’s Director, Murdoch Director, Research Children’s Institute; David Partner, Capricorn Investment Group Head Client of Executive Management,StateStreet APAC, Sarah Murdoch, Sarah Danks Professor Child of Health Research, University Melbourne of Moderated by RichDitizio, Research Institute Kathryn North, Philanthropy has play an proven to outsized role in catalyzing and accelerating dynamic changes within society. Greater tolerancesrisk allows donors relatively make to high-risk investments that promisingmove programs forward, attract subsequent sourcesof private capital, and set high standards in collaboration philanthropy forothers However, to follow. in Asia remains nascent. What needed is jumpstart to What is philanthropy? philanthropy able and unable How can address? to giving be more impactful, more collaborative, and even smarter? Wendy Cromwell, Wendy Sustainable Investment andPortfolio Manager;Wellington Management William Orum, Hanneke Smits, Newton CEO, Investment Management Taylor, Chris Moderated Partner by David Jeffrey, and Head Europe, of Global StepStone For anFor increasing number investors, of environmental, social, and governance investing(ESG) is no longer a nice addition butrather key metric a for their investment decision. As public opinion shifts and as an increasing body workof shows that ESG standards are good for business, measuring and analyzing ESG data essential is for investors to optimizerisk and return. Join our discussion as panelists explore the recent trends and some the of most pressing questions: how can asset managers scientificmake research actionable in client portfolios? Andhow can developfirms substantive metrics measure to the impact what of mostly is intangible?

Four Seasons Four Seasons Crescent Windows East Conscientious Capitalism:Conscientious Profit Impact with Aligning Smarter Philanthropy for for Smarter Philanthropy Impact Term Longer Thursday, September 19 17 pm pm – 6:00 – 6:00 pm pm 5:00 5:00 Co-Founder and CrowdStrike CTO, Founder Mobilium and Global CEO, Limited MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Assistant Chief Executive,Cyber Security Agencyof Director, Cyber Director, Innovation and Outreach, INTERPOL Managing Partner, Partners Insight Venture Deputy Assistant Attorney General for the National Security CEO, Mujin CEO, Co-Founder WeRide and CEO, Adam Hickey, Division, Department US Justice of Department Keerthi, Gaurav Singapore Oberoi, Madan Moderated Alperovitch, by Dmitri The era powerful of computing, big data analysis, and artificialintelligence has not just been a boon for institutional performance. It has additionally enabled more sophisticated,coordinated, and wide-spread cross-border cyber-attacks on critical systems and sensitive information. Such attacks can individuals leave and institutions in compromising positionsthat could be detrimental national to security. today’s How do cyber threats differ from those in the past? What the is potential What forsectors damage? are particularly vulnerable? governmentsAre readyto today’s attacks? prevent Moderated by Ralph Simon, Tony Han, Tony Ralph President Haupter, Asia of and Corporate Vice President, Microsoft Parekh, Deven Takino, Issei The progress artificialof intelligence in outperforming humans at performing specific tasks has raised profound questions about the future of humanity as this technology advances towards the“Holy Grail” artificial of general intelligence. Despite the promises AI solve of to the world’s greatest problems, from wealth inequalityclimate to change, what will be thelong- term impacts predictive of software To on what societyextent and business? will How will AI decisions gender make for equality us? and populism evolve when manual work no is longer What done does humans? by the future have in store for humanity and how can ensure we that technology matches our values?

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AI: Rebooting the Future of Humanity of Future the AI: Rebooting Ballroom Crescent Securing the Cyber Border: Security Cyber the Securing Age a Digital in Thursday, September 19 18 pm pm pm – 8:00 – 6:00 – 6:00 pm pm pm *By invitation only 6:00 5:00 5:00 Editor, Pensions & Investments Editor, MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT Managing Head Director, Portfolio of and Investment Chairman, Lan Fong Group Kwai Vice President, Alternative Investments, CreditEase; Managing Co-Managing Partner and Chief Investment Officer, Skybridge Former Consul General the of United States America of Hong to Kurt Tong, andKong Macau; Partner, The Asia Group, LLC Allan Zeman, Co-hosted BitMEX by and the Milken Institute In a matterof months, Kong’s Hongurban dynamicscompletely have shifted, from a bustling financial metropolisto oneteetering from widespread clashes between anti-government protesters and police forces. And as intergroup tensions continueto escalate, the economic futureof the city has been placed under threat and appears increasingly uncertain. This session will explore perspectives from across the spectrumto thoroughly dissect and analyze what’s unfolding in Hong today. Kong Moderated Resnick, by Amy Benny Chin, Benny Partner and Head Global of Real Estate Investments, CreditEase Asset Management Alper Daglioglu, Stanley Morgan Solutions, Manager Brian Lim, Partner, Head Asia of and Emerging Markets, Pantheon Ventures Asia Nolte,Ray As the global markets enter the stage late the of current economic cycle, the need for portfolio diversification and riskpositioning through alternative investments has never been more important. This panel brings together top global investors explore to areas interest of in the alternative investment landscape, highlight strategies that the make most sense given the global market outlook and share best practices in alternativeinvestments.

Four Seasons Hilton A Special Evening with Bebel Gilberto with Evening A Special

Opportunities in Alternative Alternative in Opportunities Investments Windows East Vista II Future of Hong Kong Hong of Future Thursday, September 19 19 pm – 9:00 pm *By invitation only 7:00 Chairman, Institute Milken Chief International Correspondent Southeast MILKEN INSTITUTEMILKEN ASIA 2019 SUMMIT President, Justice People’s Party; Pakatan Leader, Opening remarks Michael Milken, by Ibrahim, bin Anwar Coalition Harapan Moderated by Haslinda Amin, Asia, Bloomberg Dato’ SeriDato’ Anwar bin Ibrahim the is current People’s leader Malaysia’s of Justice Party and brings along with wealthhim a of political experience, having served as Deputy Prime Minister Malaysia, of the Minister Finance, of Education, Agriculture,Youth, and Culture,and Sports. In this dialogue with Bloomberg’s Haslinda Amin, he offers his perspectives on trends, challenges, and opportunities that Malaysia - and Southeast - Asia face andnow expect faceto going forward.

Four Seasons

Dinner Program | Dialogue with Dato’ Dato’ with Dialogue | Program Dinner Ibrahim bin Anwar Seri Ballroom Friday, September 20 20 am am – 9:30 – 9:30 – 9:00 am am *By invitation only 7:45 8:30 Managing Accenture Director, Strategy, MILKEN INSTITUTE ASIA SUMMIT 2019 President, Worldwide Packaged Foods, Dole Chairman and President, Chaudhary Group Founder and Chairman, CT Corp Chairman and Group Chief Executive,Petra Group Global Lead, ExecutivePositioning, Edelman Board Directors, of Amazon; PepsiCo former CEO, Vinod Sekhar, Vinod Justin Blake, Blake, Justin Chaudhary, Binod Tanjung, Chairul Moderated by Alison Kennedy, ASEAN, Accenture Family businessesFamily in Asia play a significant role in the economies and societies in which they operate. They are accorded a higher degreeof trust stakeholders--consumers, key by customers, partners, and employees-- compared other to types organizations. of This trust factoris an important source competitive of advantage isbut becomingeven more challenging maintainto as the world evolves with greater digitalization, data flows, scrutiny. As familyand 24/7 businesses lookat preserving their legacy and leaving a strong foundation, what are they doing to build a robust ‘trust strategy’ for securing the future? Indra Nooyi, Indra Moderated by Timothy Dattels, Managing Partner, TPG Capital Asia; Chairman, Institute Milken Asia Center, Pier Luigi Sigismondi, Luigi Pier This exclusive, invitation-only roundtable convenewill senior regional and global leaders in finance and business to exchangeoff-the-record perspectives.It will be an opportunityto hear frank and unfiltered views from and CEOs leading asset owners about the impact the of US-China trade war and the heated geopolitical climate on their business operations, capital flows, and investment portfolios. The meeting willprovide insights into the shiftingcenters of power across the globe ledto that have risingtensions tradeover and technology and its implications for existing industries and businesses. With Asia a crossroads, at the question remains: how can corporations adapt, innovate, and thrive in the multipolar world order?

Hilton Four Seasons

CEO Breakfast Roundtable CEO Vista I Ballroom Family Business: Sustaining the “Trust Sustaining Business: the “Trust Family World a Complex in Advantage” Friday, September 20

The Success Formula: Reforming Education for the New Economy 8:30 am – 9:30 am Crescent Four Seasons The world is rapidly changing, and the challenge for all educational institutions is how to prepare students for a future that we don’t yet know. The importance of developing a global mindset, along with adaptability and openness to local cultures, has become more prevalent in the age of globalization and hyper-connectivity. What skills will be the differentiating factors for future success in a world that is becoming increasingly automated? How can education move from rote learning to one that encourages independence, critical thinking, entrepreneurship, and a love for lifelong learning? What would these new education systems look like?

Thomas Coffman, Dean, Duke-NUS Medical School; Founding Professor, Cardiovascular and Metabolic Disorders Signature Research Programme Lin Kobayashi, Co-founder and Chair of the Board, UWC ISAK Japan Carol Li-Rafferty, Managing Director, Yale Center Beijing, Yale University Ilian Mihov, Dean and Professor of Economics, INSEAD Brian Rogove, Founder and CEO, A-Star Education

Moderated by John Wood, Founder and CEO, Room to Read

Finance in the Era of Big Tech 8:30 am – 9:30 am Windows East Four Seasons The financial industry is at a crossroads, as artificial intelligence and big data change the way institutions set strategy and provide services. In a race for control, banks and other traditional institutions are building ever-more sophisticated IT systems, while emergent tech companies find new ways to disrupt the old guard. But they are both under threat from Big Techs, with its unrivaled ability to deploy A.I. and customer data. More often than ever, policymakers find themselves in uncharted territory. From gains in efficiency and financial inclusion to unprecedented access to information and a wide customer base, big techs’ entry presents new and complex trade- offs between financial stability, competition, and data protection. How is the global financial system evolving at the intersection of data science, e-commerce, and finance?

Jingdong Hua, Vice President and Treasurer, World Bank Claude Lopez, Director, International Finance and Macroeconomics, Milken Institute Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore Brian Quintez, Commissioner, US Commodity Futures Trading Commission Wimboh Santoso, Chairman, Indonesia Financial Services Authority

Moderated by Li Xin, Vice President, Caixin Media; Managing Director, Caixin Global MILKEN INSTITUTE ASIA SUMMIT 2019 21 Friday, September 20

Credit Markets 8:30 am – 9:30 am Ballroom Hilton How can investors reconcile the apparent dissonance between stock and bond markets? While global yields are sloping downward and negative- yielding bonds have passed the $13 trillion mark, stock markets around the world are close to historic highs. Simultaneously, corporate credit continues to grow, even as global growth is slowing down, and rising trade tensions have increased the pressure on ECB and Federal Reserve to “lean against the wind” by cutting rates. What are the main concerns and opportunities given the current uncertainty? Will Asia be able to provide continued growth, and where do investors see opportunities in the region specifically?

Patrik Edsparr, Co-Founder and CIO, Tor Investment Management Jonathan Hu, CEO, Pengyuan International Christian Stracke, Head of Credit, PIMCO David Warren, CEO, CIO, and Founding Partner, DW Partners

Moderated by Liew Tzu Mi, CIO, Fixed Income, GIC

Open Exchange: The Future of Money 9:45 am – 10:45 am Ballroom Four Seasons Massive disruptions to financial payments and cross-border transactions are imminent as non-financial companies employ new technologies and digital currencies to supply financial services to large networks of individuals and businesses. National and international regulators are scrambling to balance the efficiency gains with potential increases in systemic risk as they update supervisory and regulatory frameworks. How will digital and national currencies be used for national and cross-border commercial and financial transactions? How will international banks adapt? What role will national and digital currencies play? Will the US dollar remain the world’s reserve currency? What regulatory challenges will emerge? How will national authorities coordinate with non-national financial service providers? Join us as we assess potential ways forward in reshaping global transactions services, payment system design, and national and international regulatory systems.

Sagar Sarbhai, Head of Regulatory Relations, APAC & Middle East, Ripple Shamik Dhar, Chief Economist, BNY Mellon Harish Natarajan, Head of Economic Risk, AKE International Frank Packer, Regional Adviser, Representative Office for Asia and the Pacific, Bank for International Settlements Stewart Paterson, Research Fellow, Hinrich Foundation

Moderated by William Lee, Chief Economist, Milken Institute

MILKEN INSTITUTE ASIA SUMMIT 2019 22 Friday, September 20

Reimagining the Blockchain 9:45 am – 10:45 am Crescent Four Seasons Following Bitcoin’s meteoric rise and fall, the mania around cryptocurrency has gone but it’s becoming more clear that blockchain technology is here to stay, attracting heightened interest from both government and industry. What are the most promising applications of blockchain technology, beyond digital currency? What obstacles threaten to prevent its widespread adoption? How can government policies and regulation evolve along with the technology to enable innovation in this sector and encourage the maturation of the industry, while ensuring consumers are protected?

Sophia Lopez, Founder and COO, Kaleido Justo A. Ortiz, Chairman of the Board, UnionBank of the Philippines Kaidi Ruusalepp, Founder and CEO, Funderbeam Edith Yeung, Partner, Proof of Capital

Moderated by Teymoor Nabili, Managing Editor, Tech For Impact, Asian Development Bank

Avant-Garde in Culture: Philanthropy, Gentrification, and Institutions 9:45 am – 10:45 am Windows East Four Seasons Philanthropy, institutions, and urban development have a complicated relationship. Property developments go hand in hand with regeneration, which is often accompanied by gentrification. Art studios might be lost in the process and artists pushed out. At the same time, developers have realized that the most wanted properties are home to art--be it a hotel lobby, residential apartment or a public space. But some of the most recent developments are ahead of their time: art and culture are at the heart of their operation--open to the public, accessible, and welcoming. This panel discusses how art and philanthropy are linked and how gentrification may impact the philanthropy value of art and what the new generation of art centers, museums, exhibitions, and public programs will look like.

Ute Meta Bauer, Director of Centre for Contemporary Art and Professor, Nanyang Technological University Kim Camacho, Art Collector Alan Lo, Co-founder and Executive Director, Classified Group John Studzinski, Vice Chairman, PIMCO

Moderated by Princess Alia Al-Senussi, Senior Advisor, Arts and Culture, Milken Institute; UK and MENA Representative, Art Basel

MILKEN INSTITUTE ASIA SUMMIT 2019 23 Friday, September 20

To Infinity and Beyond: The Business of Space 9:45 am – 10:45 am Ballroom Hilton 50 years ago, the world saw the first man on the moon. Today, we’ve set our sights further--77.8 million km further--to Mars. Despite massive risks, investment in the space industry has taken off. The global space economy, valued at $360 billion today, is estimated to grow to $1.1 trillion by 2040. The possibility of space travel and colonization have grabbed most of the headlines and public interest, but there is significant potential in other areas of the industry. From low-cost rockets and high-speed delivery to satellite broadband and asteroid mining, where do the opportunities lie in an industry that literally reaches for the stars?

Motoyuki Arai, Founder and CEO, Synspective Takafumi Horie, Founder, Interstellar Technologies, Inc. Jonathan Hung, President, Singapore Space and Technology Association Veena Nagaraja Rao, Director for Design and Engineering, Centum Electronics Zee Zheng, Co-founder and CEO, Space Chain

Moderated by Wee-Meng Thoo, Head of Investments, TMT Sector, Leonie Hill Capital

Chairman’s Circle: Advancing Medical Philanthropy in Asia 10:00 am – 12:00 pm Vista I Vista Hilton The Milken Institute Chairman’s Circle creates a private shared-learning environment for family business leaders to connect on an array of critical issues in medical philanthropy. Co-hosted by Michael Milken and Sarah Murdoch, the 2019 Chairman’s Circle will discuss innovative approaches to giving, collaborative research partnerships across the region and supporting faster cures in child health and other critical illnesses, with the aspiration of instituting a healthier Asia Pacific.

Co-hosted by Michael Milken, Chairman, Milken Institute andSarah Murdoch, Philanthropist and Spokesperson, Murdoch Children’s Research Institute

Moderated by La Tese Briggs, Senior Director, Center for Strategic Philanthropy, Milken Institute

*By invitation only

MILKEN INSTITUTE ASIA SUMMIT 2019 24 Friday, September 20

The Connectivity Revolution: A Vision for 5G 11:00 am – 12:00 pm Ballroom Four Seasons We are on the cusp of the next generation of mobile internet connectivity, promising a faster and more connected world. The Asia-Pacific region is on track to become the world’s largest 5G region by 2025, reaching over 675 million connections. Commercial rollouts have already begun, and there are high expectations for the technology to radically transform industries, disrupt consumer behavior, and usher in a new wave of innovation. How will Asia’s economies, most of which have only recently adopted 4G, support the investment and capital spending required to upgrade its information technology infrastructure? What implications exist amid the ongoing battle for dominance between the US and China? How can governments, regulators, and industry collaborate to ensure that everyone can benefit from the next-generation of connectivity and digital services, while ensuring national security?

Guy Diedrich, Global Innovation Officer, Cisco Sandeep Girotra, Senior Vice President, Nokia Guru Gowrappan, CEO, Verizon Media Takehiro Nakamura, Senior Vice President and General Manager of 5G Labs, NTT DoCoMo Paul Scanlan, Chief Technology Officer, Huawei

Moderated by Zen Soo, Senior Technology Reporter, South China Morning Post

Jobs of the Future 11:00 am – 12:00 pm Crescent Four Seasons Technology and digitalization are dismantling our conceptions of work. As advances in areas like artificial intelligence and cloud computing occur, firms must accustom themselves these changes or risk falling behind. It is estimated that nearly 50% of current work activities are automatable by adapting already demonstrated technology, and a consensus has emerged that the workers will need a drastically different set of skills to take advantage of the opportunities that will replace the status quo. What will the next generation of jobs look like? What essential skills should the next generation workforce be equipped with to meet technological demands and how can organizations invest in the development of their human capital? How can we build on increasing productivity to ensure that the jobs of the future provide broadly shared prosperity?

Kevin Aluwi, Co-Founder, GO-JEK Feon Ang, Vice President, Talent and Learning Solutions, APAC LinkedIn Jeanne Lim, CEO, Hanson Robotics

MILKEN INSTITUTE ASIA SUMMIT 2019 25 Friday, September 20

Rise of Private Markets 11:00 am – 12:00 pm Windows West Four Seasons Following up on the session that took place at the 2019 Global Conference, leading asset owners convene at this roundtable to share their views on employing a long-term focus in business and investment decision-making. Participants will have the opportunity to share their views in a private setting on the engagement between corporations and investors, risks to long-term capital allocations, stakeholder management, as well as develop practical tools relevant to their organizations.

Geraldine Buckingham, Senior Managing Director and Head of Asia, Blackrock Yong Cheen Choo, CIO, Private Equity, GIC Robert Credaro, Head of Growth Assets, First State Super Yup S. Kim, Senior Portfolio Manager, Private Equity and Special Opportunities, Alaska Permanent Fund Corporation

Moderated by Andrea Kramer, Head of Fund Investments, Hamilton Lane

Reimagining Financial Services 11:00 am – 12:00 pm Ballroom Hilton Artificial intelligence and machine learning have fundamentally altered the way we live, work, and interact. With the arrival of the Fourth Industrial Revolution, the biggest changes are yet to come. How has AI-driven decision-making, open banking, and Fintech changed the financial services industry and how should firms allocate resources to meet the evolving demands of customers? As countries around the world compete for talent, what critical investment strategies can companies implement to stay ahead of the pack? And how can financial technology, such as digital ledgers and tokens, be a key driver by enabling broader access to capital and more efficient financial services?

Abdulla Almoayed, CEO, Almoayed Technologies Mike DeAddio, Chief Operating Officer, WorldQuant LLC Akber Jaffer,Chief Strategy Officer and Chief of Staff, Finastra Kenny Lam, CEO, Two Sigma Asia Pacific

Moderated by Alison Tudor-Ackroyd, Managing Editor, FinanceAsia

*By invitation only

MILKEN INSTITUTE ASIA SUMMIT 2019 26 Friday, September 20

Lunch Program | Truce or Dare: Navigating US-China Relations 12:30 pm – 2:00 pm Ballroom Four Seasons Relations between the world’s two biggest nations are deteriorating by the day. Initial frictions over bilateral deficits and exchange rates have evolved into unabashed competition for technological supremacy and clout over the future global economy. As the US adjusts to a new reality in which China is a major global player, can the two powers rebuild a friendship and work towards greater strategic trust? Will China step up as a fair and transparent member of a rules-based international order? How can countries in Asia adapt to the spillovers and minimize collateral damage? How can businesses take the lead in the pursuit of international collaboration, peace, and stability?

Opening remarks by Curtis S. Chin, Milken Institute Asia Fellow; Former U.S. Ambassador to the Asian Development Bank

Robert Friedland, Founder, Executive Co-Chairman and Non-Independent Director, Ivanhoe Mines Ng Kok Song, Founding Partner and Chairman, Avanda Investment Management Weijian Shan, Group Chairman and CEO, PAG

Moderated by Steven Ciobo, Former Australian Minister for Trade, Tourism and Investment; Milken Institute Asia Fellow

Lunch Program | What’s In Store for Election 2020 12:30 pm – 2:00 pm Crescent Four Seasons In nearly three years as president, Donald Trump has stayed true to his pledge to act as a disruptive force in Washington and has maintained strong support among the GOP base. Meanwhile, the Democrats have a crowded field of would-be nominees seeking to challenge Trump, including establishment stalwarts, leftist policymakers, and fresh-faced idealists. Our panel will examine the key issues of the 2020 presidential election and break down the key races, possible developments, and likely outcomes.

Adrienne Elrod, President, Elrod Strategies; Analyst, MSNBC Frank Luntz, Founder and President, Luntz Global Neera Tanden, President and CEO, Center for American Progress

MILKEN INSTITUTE ASIA SUMMIT 2019 27 Friday, September 20

Finding Alpha 12:30 pm – 2:00 pm Windows West Four Seasons In an environment of lower returns and shrinking alpha, how can investors find the right alignment with their managers? Our roundtable of leading asset owners will examine the intersection of public markets and liquid alternative asset classes and discuss where they expect to find alpha in 2019. This interactive discussion will not only address strategy selection but also their approach to customized solutions, the adoption of ESG and securing capacity/access.

Elizabeth Burton, CIO, Employees’ Retirement System of the State of Hawaii Peng Chen, CEO, Dimensional Fund Advisors Kenichi Ota, CIO, Mitsui & Co. Pension Fund Ron Schachter, Co-Founder and Managing Partner, Nine Masts

Moderated by John Claisse, Group CEO, Albourne Partners

Insiders’ View on China 12:30 pm – 2:00 pm Vista I Vista Hilton Global tumult has business leaders and investors realigning their China strategies. This exclusive private gather brings together senior executives with unparalleled experience into China’s inner workings to provide clarity on what’s happening in China. What are the internal and external pressures on the economy? How will China respond to these pressures? How will these pressures and responses affect various sectors and industries?

Lanford Liu, Chairman & CEO, Delta Electronics Capital Company and Vice President of Corporate Investment, Delta Group

Moderated by Donald Tang, Managing Partner, Celadon Partners

*By invitation only

MILKEN INSTITUTE ASIA SUMMIT 2019 28 Friday, September 20

Global Opportunities in Private Equity 2:30 pm – 3:30 pm Ballroom Four Seasons Private equity has seen incredible growth over the past decade. Yet, as dry powder has grown to over $2 trillion, there is increasingly a sense of too much cash chasing too few deals. How are investors adjusting to a crowded field, and should investors be worried as the longest economic expansion in US history continues? Are valuations overly optimistic and how will EBITDA add-backs and cov-lite play out in a market turn? Join our discussion on the decade long growth, developments in financing and capital structure, as well as regional differences of private equity.

Jim Coulter, Co-CEO and Founding Partner, TPG Brian Sheth, Co-Founder and President, Vista Equity Partners Lei Zhang, Founder, Chairman and CEO, Hillhouse Capital Management

Moderated by Deborah Orida, Senior Managing Director & Global Head of Active Equities, CPPIB

Perfecting Precision Health: Personalizing Medicine for All 2:30 pm – 3:30 pm Crescent Four Seasons Precision health is dramatically reshaping the landscape of health and care. Wellbeing regimes, prevention, treatment, payment, and resource allocation can all be increasingly personalized to individual needs and usage. However, privacy, cybersecurity, and ethical concerns have surfaced. How can industry and government collaborate to overcome these challenges? What are the most promising innovations that lie on the horizon? Will precision health technology be accessible to all, not just those with the means to pay? We gather a panel of health and tech entrepreneurs and investors to discuss what is needed to adopt, adapt, and perfect precision health.

Shiho Azuma, Founder and CEO, Lily Medtech Fan Yin, Managing Director, Ping An Healthcare and Technology Helmut M. Schuehsler, Chairman & CEO, TVM Capital Healthcare Kuldeep Singh Rajput, Founder and CEO, Biofourmis

Moderated by Joseph Mocanu, Managing Partner, Verge HealthTech Fund

MILKEN INSTITUTE ASIA SUMMIT 2019 29 Friday, September 20

Closing Plenary | Staying on Top: Sustaining Corporate Performance 3:45 pm – 4:45 pm Ballroom Four Seasons Human capital and values are integral to the long-term success of business. Yet, there is little understanding of how companies can create a culture in which these important assets thrive. While there is no general blueprint, companies are all facing similar questions: What are the fundamental building blocks of a culture that promotes excellence and performance? How can companies ensure that corporate culture does not take a back seat to changing attitudes in their younger workforce? Are there differences to corporate culture in the age of sharing economies and technological disruption? Join our panel of global business leaders as they outline their unique framework and discuss the underlying characteristics and trends.

Kevin Sneader, Global Managing Partner, McKinsey Ronald Sugar, Chairman, Uber Igor Tulchinsky, Founder, Chairman and CEO, WorldQuant LLC

Moderated by Oriel Morrison, Anchor, CNBC International

Young Leaders Circle | A Conversation with Weijian Shan 3:45 pm – 4:45 pm Crescent Four Seasons Few people represent the journey that many leaders in Chinese finance have traversed than Weijian Shan. Brought up during Mao’s cultural revolution and now one of the world’s leading economists and businessmen, Shan will discuss his extreme hardships during his youth, experiences in the worlds of finance and business, and time running one of Asia’s leading investment firms.

Weijian Shan, Group Chairman and CEO, PAG

Moderated by Petra Freddi, Director, Business and Program Development, Asia, Milken Institute

Closing Reception 5:00 pm – 6:00 pm

Young Leaders Circle Networking Reception 5:00 pm – 6:00 pm

MILKEN INSTITUTE ASIA SUMMIT 2019 30