Financeestonia International Forum 2013
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FinanceEstonia International Forum 2013 June 6th to 7th in Tallinn, Estonia WIFI password in Swissotel conference center is: events Dear participant of the Forum I am glad to welcome you to the first FinanceEstonia International Fo- rum, which profiles Estonia as a location for financial services. We have guests from 17 countries and Estonia’s top experts from a range of business fields participating: asset management, bank- ing, IT, legal, advisory and business transformation to name but a few. Besides a strong presence of leading Nordic banks, today there are more than 30 cross-border financial and shared services pro- viders in Estonia. We believe that we have an excellent platform on which to generate much more business. As a location Estonia stands out internationally for it’s prudent fis- cal policy (AA- rating), strong economic growth (3.2% in 2012) and well capitalized banking sector (Tier I ratio of 23%). We are well known for our buzzing Startup scene and innovative e-solutions and infrastructure (#22 in the Global IT Report). And we are very proud of our skilful and hard-working people! We believe that amid financial crises and growing challenges to improve efficiency, Estonia is in an excellent position to develop into a strong location for financial services. This Forum will be full of insight and discussion on how to capi- talize on our platform in order to offer better business services to an even wider audience. I encourage your active participation and net- working to find opportunities to work together. I hope this Forum offers you great insights and valuable new con- nections! Priit Põldoja FinanceEstonia Chairman of the Board June 6th The Plenary Day Swissotel Tallinn 9:00 Networking and Morning Coffee 9:30 Opening Discussion: What does Estonia have to offer and why one should consider Estonia as a destination for financial services? Moderator: JAMES OATES, Cicero Capital, CEO Debater: PRIIT PÕLDojA, FinanceEstonia, Chairman of the Board Debater: MADIS MÜLLER, Bank of Estonia, Vice President 10:00 Capital Markets: Why is a domestic capital market necessary for Estonia and how does it support the multinationals who operate here? Presenter: AARE TAMMEMÄE, FinanceEstonia, Member of the Board Moderator: ÜLO KALLAS, FinanceEstonia, Capital Markets work-stream Leader Debater: MARGUS UUDAM, EstVCA, Chairman of the Board Debater: NIKLAS JOHANSSON, AP2, Member of Executive Board 10:50 Treasury & Shared Service: Which are the key trends in Global Business Services and how can Estonia differentiate for success? Presenter: ToM BANGEMANN, SVP Business Transformation, The Hackett Group Moderator: NEIL MATHIESON, FinanceEstonia, Head of T&SSC Debater: ALAIN FALYS, Co-founder and CEO, OB10 and Venture Partner, Imperial Innovations Debater: PETER KLINGEBIEL, Konecranes, Head of Financial Support Service Centre 11:45 Lunch 12:45 Fund Administration: What niches of Fund Management can be delivered out of Estonia? Presenter: MIHKEL ÕIM, FinanceEstonia, Fund Services work-stream Leader Moderator: JULIA SEGERKRANTZ, Estonian CSD, Managing Director Debater: VEIko TALI, Estonian Ministry of Finance, Secretary General Debater: KATRE SAARD, Alpcot Capital Management Ltd, Founding Parter 13:45 International Private Banking: What are HNW (High Net Worth) individuals’ needs and how does Estonia meet those needs? Presenter: GUNNAR TooMEMETS, Swedbank Estonia, Head of Private Banking Moderator: MAE HANSEN, FinanceEstonia, CEO Debater: KRISTEL MEOS, Zenith Capital Management, Partner; Head of Private Banking, FinanceEstonia Debater: COSTA VAYENAS, UBS AG, Managing Director, WM Head of EM Research 14:30 Energy Break 15:00 Estonian Start-up’s: What are Estonian’s technology Startup success stories and how do you create a lucrative environment for Startups and spin-offs? Presenter: HEIDI KAkko, SmartCap, CEO Moderator: YRJÖ OJASAAR, TMK, Chairman of the Board Debater: TIMO HOLOPAINEN, Managing Director, Crystalsol Additional information and registration: financeestonia.eu 15:45 Closing Discussion: What is the future of financial services in Europe and how does Estonia fit into the picture? Moderator: EDWARD LUCAS, The Economist, journalist Debater: JÜRGEN LIGI, Estonian Minister of Finance Debater: GRAHAM BISHOP, GrahamBishop, Principal 16:45 Closing Remarks 17:00 Socialising, Drinks and Canapés 19:00 Forum Dinner at Estonia Concert Hall More info on page 64 June 7th The Workshop Day Please find the location for each workshop at the back inside cover of the book. 10:00 First Workshop Session (presentations, open discussions and company visits) Business ENVIRONMENT Online services – on the way to the future 1 RAINO PARON, Partner, Raidla Lejins & Norcous SVEN PAPP, Partner, Raidla Lejins & Norcous PRIVATE EQUITY, VENTURE CAPITAL How to build a global financial services company from Estonia? The experience of Trigon Capital 2 ANDRUS ALBER, Director of Investor Relations, Trigon Capital PRIVATE EQUITY, VENTURE CAPITAL How private equity creates value? 3 PEETER SAKS, Managing Partner, BaltCap BUSINESS TRANSFORMATION Global Business Service trends and best practise 4 ToM BANGEMANN, Senior Vice President Business Transformation, The Hackett Group BANKING Solid Banking in the new normality 5 VAIko TAMMEVÄLI, Executive Manager in Private Banking and Member of the Board, Swedbank PRIVATE BANKING New wealth vs. old wealth 6 KRISTEL MEOS, Partner, Wealth Management, Zenith Capital Management, Private Banking working-stream Leader, FinanceEstonia ANTON GANS, Business Advisor, Zenith Capital Management ADVISORY How the Estonian tax environment can support your business? 7 HEDI WAHTRAMÄE, Senior Tax Manager, Ernst&Young Baltic AS 12:30 Break / Logistics 14:00 Second Workshop Session (presentations, open discussions and company visits) LEGAL Investment environment of the Estonian IT/TMT sector 8 LAURI ALMANN, Attorney at Law, Law Firm VARUL, LUUKAS KRISTJAN ILVES, International Cooperation Manager, Estonian Information System’s Authority ARNE ANSPER, Development Manager, R&D company Cybernetica FINANCIAL Processes Shared Service Centers in Estonia – a practical overview of the benefits 9 KARL-ERIC SCHNEIDER, Country Manager, Itella Information SAMI SEIKKULA, Director, Business and Product Management, Itella Information DEBT AND EQUITY FINANCING M&A deals in the Baltic’s – emphasis on Estonia, case studies and trends 10 AARE TAMMEMÄE, Senior Partner, Redgate Capital IT The trends in alternative banking – what are the pros and cons of services moving from conventional banking to niche players? 11 PEETER KLANBERG, CEO, Mindware BANKING Estonia’s macro and financial environment compared to the global environment. Multinational’s benefits from doing business with Nordea Group 12 ANDREAS LAANE, Head of Banking, Nordea Bank Estonia TÕNU PALM, Chief Economist, Nordea Bank Estonia ÜLARI KIISLA, Head of Private Banking, Nordea Bank Estonia LEGAL Estonian tax system for holding, property, treasury, trading, investments, manufacturing and services companies 13 KAIDO LooR, Partner, Sorainen FUNDING AND FINANCIAL RISK Funding and financial risk best practice 14 NEIL MATHIESON, Head of T&SSC, FinanceEstonia / TreasuryView Participants Olesia Abramova Ernst & Young Baltic Benoit Cerfontaine Luxembourg for Finance Giles Adu Brook Street Partners Daniela Cervova UBS Oliver Ait Ministry of Economic Affairs and Communication Davide Cesaro AZ Life Andrus Alber Trigon Capital Jens Christiansen Christiansen Consulting Lauri Almann Law Firm VARUL Piers Coke-Wallis Prospera Estonia Mart Altvee Redgate Capital William Cronenberg ICCMCA Jan Andersoo Cofi Michael Donahue Intrum Justitia Pedro Anjos Estonia’s Honorary Consul for Angola Tommi Elo Merilampi Attorneys Mati Annus Sunny Business Services Göran Emtesjö ABEK Partners Tõnis Arro Estonian Development Fund Jasmin Etelämäki City of Helsinki Thomas Auväärt Tiiu Evert Enterprise Estonia Estonian Ministry of Finance Alain Falys Imperial Innovations Daiga Auziņa-Melalksne NASDAQ OMX Tallinn Alexander Filatov Tehnonord Tom Bangemann Business Filippo Fontana AZ Life Transformation, The Hacket Group Denis Girko Kai Becker Pontos Group OC LLC Effective investments Vitaly Berezka Russian Energy Agency Aldis Greitans Itella Information Group Graham Bishop GrahamBishop Veiko Haavapuu Statoil Fuel & Retail Eesti Werner Blessing BIOMETRY Mae Hansen FinanceEstonia Inge Butkeviciute Morgan Stanley Paula Harrison British Embassy [ 12 ] FinanceEstonia International Forum 2013 Joakim Helenius Trigon Capital Muhammad Naeem Khan Muhammad Akram & Sons Trading & Investment Märt Helmja Swedbank Peeter Klanberg Mindware Ingrid Hindrikson Tallinn City Enterprise Board Peter Klingebiel Konecranes Martin Hirvoja Enterprise Estonia Andrus Kluge Eesti Krediidipank Timo Holopainen Crystalsol Martin Kõdar BaltCap Chris Holtby British Embassy Anti Kõdar Law Firm VARUL Matti Hyyrynen EBRD Kristiina Koel Rieber & Son Estonia Magdalena Jankowska O-I Sergey Kolesnikov Aare Järvan Prime Minister’s Office Veronika Kozlova Suerte Finance Service Niklas Johansson APS Vahur Kraft Gert Jostov Technopolis Ülemiste Nordea Bank Finland Plc Estonia branch Arja Jurmu Jako Kruuse Nordic CF Advisory Pohjola Bank plc Estonian Branch Oliver Kullman BaltCap Jari Aarre Kähkönen TreSol Grete Kuura University of Gothenburg Marko Kairjak Law Firm VARUL Kätlin Kuuspalu Aureus Capital Heidi Kakko SmartCap Lehar Kütt Kredex Kaido Kaljulaid KIT Finance Europe Andreas Laane Ülo Kallas FinanceEstonia Nordea Bank Finland Plc Estonia branch Kadri Kallas Sorainen Pilleriin Laanemets