Programme

08:10 - 08:40

Breakfast Briefing (optional) Limited to 20 delegates

Understanding the fundamentals of transition management
Lachlan French provides a fresh perspective on the fundamentals of successful transition management, focusing on the key elements required to meet a client's objectives. He begins with insights into the various objectives clients give their transition manager, looks into the best approaches to meeting these goals, and concludes with a discussion of the client benefits.
Lachlan French, Managing Director, and Co-Head of the Transition Management Europe, Middle East and Asia Team, BlackRock

08:50-09:00

Welcome address
Raquel Pichardo-Allison, Editor, Global Pensions

09:00-09:20

GIPS and transitions: Can one size fit all?
Considerable demand has been detected for transparency and consistency for client reporting. Similar comparability demands have also been detected for those seeking to appoint a transition manager. Could GIPS or GIPS-like practices and behaviours be the solution? This session will explore these issues.
Colin Morrison, Independent Consultant, Member of GIPS Executive Committee and Chair of GIPS Investor Consultant Sub-Committee

09:20-09:40

Case study session
Mark Dwyer, Managing Director and Head of EMEA, Mellon Transition Management

New Research Spotlight: How ETFs are used in transitions
Deborah Fuhr, Managing Director, Global Head of ETF Research and Implementation Strategy, BlackRock

09:50-10:00

Questions

10:00-10:35

Panel: Evaluating success through performance measurement
How can pension funds compare the track record of Transition Managers and measure success? Is implementation shortfall the best way?
Chair: Raquel Pichardo-Allison, Editor, Global Pensions
Panellists:
Colin Morrison, Independent Consultant, Member of GIPS Executive Committee and Chair of GIPS Investor Consultant Sub-Committee
Andrew Williams, Principal, Mercer Sentinel®
Rick Di Mascio, Chief Executive Officer, Inalytics Limited
Chris Adolph, Head of Transition Management – EMEA, Russell Investments Steve Webster, Head of European Transition Management Sales, Credit Suisse
Mark Dwyer, Managing Director and Head of EMEA, Mellon Transition Management

10:55-11:15

Best practice for undertaking due diligence to effectively choose a transition manager
Why a careful and thorough selection process is necessary to maximise the chances of a well managed, cost effective transition. This session will examine the most relevant factors to consider when evaluating transition managers, including the benefits and pitfalls of cost estimates.
Andrew Williams, Principal, Mercer Sentinel®

11:15-11:35

Deciding on the most beneficial transition management arrangement
Choosing an exclusive Transition Manager, a panel of Transition Managers or an open tender for each transition management exercise, all have pros and cons. This session will examine the suitability / appropriateness of various arrangements.
Rick Di Mascio, Chief Executive Officer, Inalytics Limited

1135:-11:55

Uncovering hidden costs within transition and how these costs may be mitigated
Understanding the cost and risk implications of transition management, such as trade, brokerage and foreign exchange, is key to sound decision-making. Hidden costs may well outweigh upfront expenses such as fees and impact on transition service choices.
Chris Adolph, Head of Transition Management – EMEA, Russell Investments

11:55-12:15

Clear communication for optimal client reporting
Transitions can involve complex portfolio restructures and include multi-dimensional risk mitigation strategies. Comprehensively reporting on strategy and results is vital to good working relationships between investors and clients. Proven, effective methods of communication between clients and managers will be discussed.
Steve Webster, Head of European Transition Management Sales, Credit Suisse

12:15-12:30

Questions

13:35-13:55

Understanding the importance and impacts of technology and algorithms in transition management

13:55-14:15

Meeting investment objectives through fixed income approaches to trading
Explaining and discussing the issues that fixed income mandates bring.
Rick Boomgaardt, Managing Director, Head of EMEA Transition Management,
State Street Global Markets

14:15-14:35

Case Study: Choosing a panel of Transition Managers
Why Blue Sky Group have a panel of Transition Managers and the decision-making process behind how the panel was selected.
Ramon Tol, Fund Manager – Equities, Blue Sky Group

14:35-14:50

Questions

15:10-15:30

Update on the latest risk management strategies within transition
Risk management in transitions has evolved significantly in recent years. This talk will review how risk management techniques have changed over time and current optimisation techniques for trading and systems and methodology for monitoring risk real time.
Michael Gardner, EMEA Head of Transition Management, J.P. Morgan Worldwide Securities Services

15:30-15:50

T-Charter 2.0
Examining the T-Charter now and moving forward; hopes and expectations, where to next?
Martin Mannion, Director – Pensions Finance, Investments and Risk, GlaxoSmithKline and Chairman of the T-Charter

15:50-16:00

Questions

Panel: The Evolution of the Transition Manager role
Chair: Raquel Pichardo-Allison, Editor, Global Pensions
Panellists:
Rick Boomgaardt, Managing Director, Head of EMEA Transition Management,
State Street Global Markets
Lachlan French, Managing Director, and Co-Head of the Transition Management Europe, Middle East and Asia Team, BlackRock
Michael Gardner, EMEA Head of Transition Management, J.P. Morgan Worldwide Securities Services
Martin Mannion, Director – Pensions Finance, Investments and Risk, GlaxoSmithKline and Chairman of the T-Charter
Edward Pennings, Senior Managing Director and Head – EMEA Portfolio Solutions Group, State Street

16:35-16:40

Closing remarks