Full Programme, Transparency Symposium 3[…]
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2016. February rd 3 The London Campus of Newcastle University, London. | Page 1 ...is an informal but increasingly influential forum dedicated to encouraging greater transparency in financial services, right around the world. We are a campaigning community that believe higher levels of transparency are a prerequisite for fairer, safer and more efficient markets that deliver better value for money and better outcomes to the consumer. Because of the correlation between a lack of trust and a lack of transparency, we hope that our work on transparency will also help to rebuild trust and confidence in financial services, for the benefit of all market participants and their clients. …has a purpose; to galvanise support for the idea that there ought to be higher levels of transparency in financial services, right around the world. It is a uniquely inclusive opportunity to properly consider and the debate the keys issues, contemplate thought leadership and build consensus on the best way forward for the financial services industry and its clients, as a whole. Delegates will enjoy an environment that is conducive to candid and intelligent debate, where ideas can be exchanged in a constructive and civilised manner thereby encouraging co-operation, collaboration and collegiality, for the benefit of all. …is competed for at each of our Transparency Symposiums, by individuals and organisations that can evidence they “believe in transparency”, align with our overall objectives and want to showcase their pro-transparency credentials. There can be no doubt that the world’s financial services regulators and policymakers want greater transparency; and that asset owners, pension schemes and so on deserve it. Clearly, optimum outcomes are dependent on transparency. The winners will be shining examples to the rest of the market. They may educate, enable and encourage but one thing is certain – they will be world leaders in advocating a more enlightened, client-centric and transparent approach to business. | Page 2 With much thanks to the sponsors of today’s Transparency Symposium: | Page 3 About the Transparency Task Force Teams Rapid progress that has been made since our first meeting in May 2015; it is perfectly clear that we are going to make a difference. All the credit must go to the many individuals and organisations actively involved with our six teams:- The Data Team The Transaction Costs & Charges Team The Rationale for Decision-Making Team The Stewardship Team The Terms & Conditions Team The International Best Practice Team The following tables show the make-up of the teams; those in bold red are Team Leaders. DATA TEAM: First name Last name Job title Organisation Andy Agathangelou Founding Chair Transparency Task Force Chris Connelly Principal Consultant Aquila Heywood Shaul David Fin Tech Sector Specialist UKTI Financial Services Organisation Nick Flemming Market Development Manager British Standards Institute Nils Johnson Director Spence Johnson Con Keating Principal Brighton Rock Group Markus Krebsz Interim Chief Risk Officer UNECE GRM Henrik Pedersen Co-Founder Clerus David Rich CEO Accurate Data Services James Singer Senior Associate P-Solve Christopher Squirrel Founder and CEO Sciurus Analytics Tim Walton Manager, Data Research and Morningstar Analysis Elizabeth Campbell- Managing Director Gabriel Research & Management Warner Gerry Wright Partner Smith & Williamson Investment Mgt Stewart Bevan Product Manager - Benchmarking KAS BANK Iain Clacher Associate Professor in Accounting & Leeds University Business School Finance John Simmonds Principal CEM Benchmarking Inc | Page 4 TRANSACTION COSTS & CHARGES TEAM: First name Last name Job title Organisation Andy Agathangelou Founding Chair Transparency Task Force Nick Flemming Market Development Manager British Standards Institute Con Keating Principal Brighton Rock Group Henrik Pedersen Co-Founder Clerus Iain Clacher Associate Professor in Acc & F’ce. Leeds University Business School Stephen Bowles Head of Inst. DC Schroders Stephen Budge Principal Mercer Sunil Chadda Managing Director Cairn Consulting Ltd Iain Cowell Head of Inv. Solns. UK & Ireland Allianz Global Investors Andrew Evans Chief Executive Officer Smart Pension Niall Ferguson BD Director, DC Inv. Cons’g. Barclays Corp & Employer Solns. Ben Ford Sales Manager Janus Capital International Lucy Forgie Policy Adviser ABI Nick Gannon Policy Manager B&CE, The People's Pension Jamie Jenkins Head of Pensions Policy Standard Life Angie Kirkwood Snr. Mgr. Industry Development Scottish Widows James Monk Head of DC Investments Aon Employee Benefits Ronnie Morgan Strategic Insight Manager Royal London Imran Razvi Public Policy Adviser Investment Association Economic and Social Affairs Tim Sharp TUC Department Henry Tapper Founder Pension PlayPen Anna Tilba Lecturer in Strat. Corp. Gov’ce. Newcastle Uni. Business School Graham Cook Portfolio Solutions Macquarie Securities Ralph Frank CEO Charlton Frank Shyam Moorjani Director, Risk Advisory Deloitte LLP Neil Morgan Senior Pension Trustee Capita Asset Services Jonathan Parker Head of Defined Contribution Dimensional Fund Advisors Chris Sier Director FiNexus | Page 5 RATIONALE FOR DECISION-MAKING TEAM: First name Last name Job title Organisation Andy Agathangelou Founding Chair Transparency Task Force Con Keating Principal Brighton Rock Group Iain Clacher Associate Professor in Acc & F’ce. Leeds University Business School Henry Tapper Founder Pension PlayPen Neil Morgan Senior Pension Trustee Capita Asset Services Markus Krebsz Interim Chief Risk Officer UNECE GRM Steve Cave Associate Director Smith & Williamson Rachel Haworth Policy Officer ShareAction James Meenan CEO JNM Investment Governance Tim Middleton Technical Consultant Pensions Management Institute Mark Miller Employee Benefits Consultant Barclays Corp & Employer Solns. Alan Salamon Managing Director Corpias Jeremy Williams Director Holbrook Pensions Limited Henrik Pedersen Co-Founder Clerus STEWARDSHIP TEAM: First name Last name Job title Organisation Andy Agathangelou Founding Chair Transparency Task Force Con Keating Principal Brighton Rock Group Nick Flemming Market Development Manager British Standards Institute Anna Tilba Lecturer in Strat. Corp. Gov’ce. Newcastle Uni. Business School Luke Hildyard Policy Lead: St’p & Corp. Gov’ce PLSA Sarah Hutchinson Consultant SJ Hutchinson Ltd Paul Lee Head of Corporate Governance Aberdeen Asset Management Paul Marsland Deputy Director High Pay Centre Rachel Haworth Policy Officer ShareAction Emma Craig Marketing Specialist KAS BANK N.V. Paul Hewitt Business Development Manager Manifest Barry Mack Head of Governance Hymans Robertson David Weeks MNT Lovells, AMNT Sarah Wilson Chief Executive Manifest | Page 6 TERMS & CONDITIONS TEAM: First name Last name Job title Organisation Andy Agathangelou Founding Chair Transparency Task Force Con Keating Principal Brighton Rock Group Alison Berridge Corporate Affairs Manager B&CE, The People's Pension Michael Kemp Senior Pensions Technician Pinsent Masons LLP Sebastian Reger Partner Sackers Terry Ritchie Development Director Trustee Solutions Ltd Judith Donnelly Partner Squire Patton Boggs Janice Lambert Pensions Consultant Independent INTERNATIONAL BEST PRACTICE TEAM: First name Last name Job title Organisation Andy Agathangelou Founding Chair Transparency Task Force Con Keating Principal Brighton Rock Group Janice Lambert Pensions Consultant Independent Anna Tilba Lecturer in Strat. Corp. Gov’ce. Newcastle Uni. Business School Amy Auster Executive Director Australian Ctr. for F. Services Academic Finance Rosalie Degabriele University of Technology, Sydney Superannuation & Banking Ian Fryer Head of Research Chant West Chris Golden Deputy Chair European Capital Markets Inst. Nikki Gwilliam-Beeharee Food & Hlth. Research Manager Vigeo Jonathan Hall Head of Financial Services Sales Aquila Heywood Steve Kenzie Executive Director United Nations Global Compact Eric Plunkett Owner Redbrucke SV Rangan Senior Executive AIG Professor of Law and Director, Labor and Paul Secunda Employment Law Program Marquette University Law School Eric Veldpaus Strategy Director Novarca Group Tomas Wijffels Policy Advisor Fed. of Dutch Pension Schemes. Frits Meerdink Manager, Fund Management PGGM Investments Chris Sier Director FiNexus Graham Wrightson Partner Stephenson Harwood LLP | Page 7 The Programme 9:00-9:15, Welcome & Introduction Professor Amanda J. Broderick, BA (Hons) PhD DipM DipMRS PGCTL FRSA MBGS FCIM FHEA Chief Executive Officer, Newcastle University London Amanda is Chief Executive Officer at Newcastle University London and has held Chairs in Marketing at multiple institutions in the UK and Visiting Chairs internationally. An eminent social scientist, she has a strong leadership track record and rare insight into a cross-section of strategic groupings of Universities. Before moving to Newcastle, she was Pro-Vice Chancellor (International Priorities) and Executive Dean of the College of Business & Law, University of Salford; Principal of St. Cuthbert’s Society (A Durham University College) and Deputy Dean of Durham Business School. Amanda has a strong profile of forging successful collaborations within world-class higher education and business, and a high-achievement track record in business change and innovation. Her award-winning leadership in multi-disciplinary pedagogical innovation, technology-enhanced learning and embedding global employability within the curriculum has been acknowledged internationally. She consults widely for business, commerce