Programme

08.30-08.55

Registration

08.55-09.25

Breakfast Briefing (optional)

Transition Management Laid Bare

What is transition management?
Looking at the fundamentals of successful risk management
Exploring recent transition trends

Chris Adolph, Head of Transition Management, Implementation Services - EMEA, Russell Investments

	Main Conference
09.30-09.40	Welcome Address *Raquel Pichardo - Allison*, Editor, Global Pensions
09.40-10.00	Seeking Clarity: T-Charter 2.0 Examining the T-Charter What is the industry saying? How will the next iteration of the T-Charter develop? *Martin Mannion*, Director - Pensions Finance, Investments and Risk, GlaxoSmithKline and Chairman of the T-Charter
10.00-10.05	Questions
10.05-10.25	Performance Track record Why is this track record data so important and valuable to clients? Who will make sure that this track record data is accurate and honest? Why has the T-Charter not addressed the issues of the availability and integrity of transition managers' track records? *Graham Dixon*, Director, Inalytics Limited
10.25-10.45	Case study In this section of the programme, Mellon Transition Management will present a case study based on a recent assignment, demonstrating the breadth of resources available to a Transition Manager to assist clients with their restructuring activities, including: The regular planning, risk management and execution components; Managing the pooled fund redemption process; Interim management of the assets; and Exposure management through futures and ETF's. *Graham Cook,* Vice President, Mellon Transition Management
10.45-10.55	Questions
10.55-11.20	Panel Discussion: Measuring the success of your transition Assessing the execution and operational elements The importance of Transition Management when accounting for risk and exposure management Case studies of successful transitions Moderator: *Raquel Pichardo - Allison,* Editor, Global Pensions Panelists: *Mark* *Dwyer,* Managing Director & Head of EMEA, Mellon Transition Management *Graham Dixon*, Director, Inalytics Limited *Andrew Williams*, Principal, Mercer Sentinel ®
11.20-11.45	Coffee and networking
11.45-12.05	Transparency - "Lip Service" or the "Holy Grail" of Transition Management Why is Transparency important? - Corporate Governance What do we mean by Transparency? - Role of the T Charter Do developments in the Pensions Industry mean we need greater transparency? - How are Transition Managers responding? What can you do? - Is there a role for 3^rd Parties? *Chris Adolph*, Head of Transition Management, Implementation Services - EMEA, Russell Investments
12.05-12.25	Uncovering unexpected costs Indentifying the sourcesand impact of implicitcosts Exposing the implicit costs in execution How canimplicit costs be managed? Looking at transparency around fees and pricing *Steve Webster,* Head of Transition Management EMEA, Credit Suisse
12.25-12.35	Questions
12.35-13.35	Lunch and networking
13.35-13.55	15 Years of Transition Management Looking back over the development of an industry Where we started and how we got where we are Do past developments reveal any direction for the future? *Rick Boomgaardt* , Managing Director, Head of EMEA Transition Management, State Street Global Markets
13.55-14.15	The use of ETF's in Transition Management; Exposure Management and ETFs Among the tools commonly used to achieve desired exposures, ETFs are perhaps the simplest form of exposure management and hedging tool. They offer advantages and disadvantages from an investment perspective as well as an operational perspective, but are they the best option? What are the pros and cons of using ETFs in transition management? We compare their use with other commonly used tools. *Michael Gardner, Head of Transition Management, EMEA, J.P. Morgan World Wide Securities Services*
14.15-14.25	Questions
14.25-14.45	Panel discussion: Transition management through the de-risking process Looking at the challenges faced by transition managers during buy ins and buy outs and how to over come them Investigating fixed income-related deals and the operational difficulties they pose for transition managers Moderator: *Chris Panteli, Deputy Editor, Global Pensions* Panelists: *Rick Boomgaardt* , Managing Director, Head of EMEA Transition Management, State Street Global Markets *Steve Webster,* Head of Transition Management EMEA, Credit Suisse
14.45 - 15.10	Panel discussion: The future of transition management Looking at transition management for DC pension arrangements What are the most important developments that will impact the work of transition managers and their ability to deliver? Will transition managers be able to continue adding value to investors? Moderator: Raquel Pichardo - Allison, Editor, Global Pensions Panelists: *Martin Mannion,* Director - Pensions Finance, Investments and Risk, GlaxoSmithKline and Chairman of the T-Charter *Michael Gardner,* Head of Transition Management, EMEA, J.P. Morgan World Wide Securities Services *Chris Adolph*, Head of Transition Management, Implementation Services - EMEA, Russell Investments
15.10-15.15	Closing Remarks
15.15-16.15	Drinks Reception
16.15	End of forum