Conference Programme

    • 16:00 - 21:00

      Registration

      All Participants

      Registration will take place in the Lobby of the Swissotel The Stamford. 

      Venue: Swissotel The Stamford
    • 07:00 - 20:00

      Registration

      All Participants

      Registration will take place in the Lobby of the Swissotel The Stamford. 

      Dress code for all event: Business Casual

      Venue: Swissotel The Stamford
    • 08:15 - 09:15

      Daily Securities Market Opening

      WFE Working Committee and Board of Directors only. The Daily Securities Market Opening will officially open the three-day event and commence trading at SGX.

      If you would like to attend the Daily Securities Market Opening at SGX, please meet at the Lobby of the Swissotel The Stamford at 7.40 am. Buses will depart for SGX from the Swissotel The Stamford promptly at 7.45 am. 

      Venue: SGX Centre, Level 2, IPO Arena
      • Nandini
        Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
      • Nandini Sukumar

        Chief Executive Officer The World Federation of Exchanges

        Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. WFE exchanges are home to nearly 45,000 listed companies, the market capitalization of these entities is over $82.5 trillion and around $81.8 trillion in trading annually passes through the infrastructures that the WFE members safeguard. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s DLT Workstream.

        Ms. Sukumar has been CEO of the WFE since March 2015. Prior to this, she served as Acting Chief Executive Officer from November 2014, having been recruited by the WFE Board as Chief Administrative Officer in May 2014 to run the Federation on a daily basis and work with its global network of members as a proponent of the benefits of fair, orderly, public markets. Ms. Sukumar came to the WFE after a 14-year career at Bloomberg where she created, grew and ran their coverage of market structure, exchanges and UK regulation.

      • Boon Chye
        Boon Chye Loh Chief Executive Officer Singapore Exchange (SGX)
      • Boon Chye Loh

        Chief Executive Officer Singapore Exchange (SGX)

        Mr Loh Boon Chye joined SGX as CEO on 14 July 2015. He is also an Executive and Non-Independent Director on the SGX Board.

        With a career in the financial industry that spans close to 30 years,  Mr Loh was most recently Deputy President and Head of Asia Pacific  Global Markets at Bank of America-Merrill Lynch from December 2012 to  May 2015. He was also the bank’s Country Executive for Singapore and  Southeast Asia and a member of its Asia Pacific Executive Committee.

        Mr Loh began his career as an Investment Officer with the Monetary  Authority of Singapore in 1989. He joined the Singapore branch of Morgan  Guaranty Trust Co. of New York in 1992, managing its Southeast Asia  fixed-income and derivatives business. From 1995 to  2012, he was with Deutsche Bank AG, where he held various leadership  roles including Head of Corporate & Investment Banking for Asia  Pacific and Head of Global Markets for Asia.

        Over the years, Mr Loh has played a key role in the development of  Southeast Asia’s capital markets, having held a number of senior  advisory positions. Apart from his directorship on the SGX Board from  2003 to 2012, he has also been on the Boards of GIC Pte Ltd since  November 2012, Economic Development Board Singapore since February 2017  and the World Federation of Exchanges since September 2017.

        He was also previously Chairman of the Singapore Foreign Exchange  Market Committee, as well as Deputy President of ACI Singapore.

        Mr Loh is a council member and Distinguished Fellow at the Institute  of Banking & Finance Singapore and was awarded for Outstanding  Contribution to Financial Markets in Asia in the Euromoney Awards for  Excellence in 2010. He was also presented the International Financial  Law Review (IFLR) Market Reform Award 2017.

        Mr Loh holds a Bachelor of Engineering degree from the National University of Singapore.

        Mr Loh was last re-elected as a director at the Annual General Meeting on 20 September 2018.

      • Dr. Urs
        Dr. Urs Rüegsegger Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges
      • Dr. Urs Rüegsegger

        Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges

        Urs Rüegsegger served as the Group Chief Executive Officer of SIX Group AG from 2008 to December 2017. Prior to this he held the position of Head of the Executive Committee of St. Galler Kantonalbank. He joined  the bank in 1993 as Head of Controlling, Accounting and Risk Management and was appointed to the Executive Committee in 1997. In 2000 he took charge of the IPO, which was successfully launched in 2001.

        As Head of the Executive Committee he also held various positions with the Association of Swiss Cantonal Banks since 2001.

        After completing a degree in business studies at the University of  St. Gallen, Urs Rüegsegger started his career at Swiss Re in the area of IT. He was deeply involved in the development of commercial applications and the restructuring of Swiss Re's service branch. He transferred to St. Galler Kantonalbank in late 1993 after assuming financial responsibility for Audatex, an international subsidiary group of Swiss Re.

      • Chong Seng
        Chong Seng Kwa Chairman Singapore Exchange (SGX)
      • Chong Seng Kwa

        Chairman Singapore Exchange (SGX)

        Mr Kwa Chong Seng has served as a director on the SGX Board since 20 September 2012. In September 2016, upon the retirement of Mr Chew Choon Seng, Mr Kwa was appointed Chairman of the Board.

        Mr Kwa also serves as the Chairman of Singapore Technologies Engineering Ltd and the Advisory Committee of Dymon Asia Capital Ltd and is a non-executive director of Seatown Holdings Pte Ltd. He also holds appointments in the public sector as Deputy Chairman of the Public Service Commission and Board Member of the Defence Science and Technology Agency.

        Mr Kwa was the Deputy Chairman of Olam International Limited from October 2014 and was appointed Chairman from October 2015 to December 2016. He was the Deputy Chairman of Temasek Holdings Pte Ltd from 1997 to 2012 and a non-executive Director of DBS Group Holdings Ltd and DBS Bank Ltd from 2003 to 2012. Between 2002 and 2004, he served as non-executive Chairman of the Media Corporation of Singapore.

        Mr Kwa has more than 40 years’ experience in the petroleum industry. He started his career with Esso Singapore Pte Ltd in 1969, holding various roles in logistics, marketing and other parts of the downstream business before his appointment as Chairman and Managing Director in 1992. He held this post until 1999 when he was appointed as Chairman and Managing Director of ExxonMobil Asia Pacific Pte Ltd. He retired from this position in 2011.

        In 1994, Mr Kwa was awarded the Distinguished Engineering Alumni Award by the National University of Singapore. He was conferred the Honorary Ningbo Citizenship in 1999. He was also awarded the Singapore Public Service Star in 2005, and the Singapore Public Service Star (Bar) in 2016.

        Mr Kwa graduated from the University of Singapore with a Mechanical Engineering degree. He is a Fellow of the Academy of Engineering Singapore.

    • 09:30 - 12:30

      Working Committee Meeting

      WFE Members Only

      *If you do not plan to attend the Daily Securities Market Opening at SGX, please meet in the Lobby of the Swissotel The Stamford at 8:40 am. Buses will depart for SGX at 8.45 am sharp.

      Venue: SGX Centre, Level 2, Auditorium
    • 12:30 - 14:00

      Lunch

      WFE Working Committee Members and Board of Directors Only

      *If you do not plan to attend the Daily Securities Market Opening or the Working Committee Meeting, please meet in the Lobby of the Swissotel The Stamford at 12:30 for the bus to SGX.

      Venue: SGX Centre, Level 2, Marketplace
    • 14:00 - 17:30

      WFE Board of Directors Meeting 1

      WFE Board of Directors Only
      Venue: SGX Centre. Level 2, Academy Room
    • 18:00 - 19:30

      Welcome Reception

      All Participants

      *Please meet in the Lobby of the Swissotel The Stamford at 17:15. Buses will depart for SGX shortly after.

      Welcome Remarks

      Venue: SGX Centre, Level 2, Marketplace
      • Nandini
        Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
      • Nandini Sukumar

        Chief Executive Officer The World Federation of Exchanges

        Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. WFE exchanges are home to nearly 45,000 listed companies, the market capitalization of these entities is over $82.5 trillion and around $81.8 trillion in trading annually passes through the infrastructures that the WFE members safeguard. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s DLT Workstream.

        Ms. Sukumar has been CEO of the WFE since March 2015. Prior to this, she served as Acting Chief Executive Officer from November 2014, having been recruited by the WFE Board as Chief Administrative Officer in May 2014 to run the Federation on a daily basis and work with its global network of members as a proponent of the benefits of fair, orderly, public markets. Ms. Sukumar came to the WFE after a 14-year career at Bloomberg where she created, grew and ran their coverage of market structure, exchanges and UK regulation.

      • Boon Chye
        Boon Chye Loh Chief Executive Officer Singapore Exchange (SGX)
      • Boon Chye Loh

        Chief Executive Officer Singapore Exchange (SGX)

        Mr Loh Boon Chye joined SGX as CEO on 14 July 2015. He is also an Executive and Non-Independent Director on the SGX Board.

        With a career in the financial industry that spans close to 30 years,  Mr Loh was most recently Deputy President and Head of Asia Pacific  Global Markets at Bank of America-Merrill Lynch from December 2012 to  May 2015. He was also the bank’s Country Executive for Singapore and  Southeast Asia and a member of its Asia Pacific Executive Committee.

        Mr Loh began his career as an Investment Officer with the Monetary  Authority of Singapore in 1989. He joined the Singapore branch of Morgan  Guaranty Trust Co. of New York in 1992, managing its Southeast Asia  fixed-income and derivatives business. From 1995 to  2012, he was with Deutsche Bank AG, where he held various leadership  roles including Head of Corporate & Investment Banking for Asia  Pacific and Head of Global Markets for Asia.

        Over the years, Mr Loh has played a key role in the development of  Southeast Asia’s capital markets, having held a number of senior  advisory positions. Apart from his directorship on the SGX Board from  2003 to 2012, he has also been on the Boards of GIC Pte Ltd since  November 2012, Economic Development Board Singapore since February 2017  and the World Federation of Exchanges since September 2017.

        He was also previously Chairman of the Singapore Foreign Exchange  Market Committee, as well as Deputy President of ACI Singapore.

        Mr Loh is a council member and Distinguished Fellow at the Institute  of Banking & Finance Singapore and was awarded for Outstanding  Contribution to Financial Markets in Asia in the Euromoney Awards for  Excellence in 2010. He was also presented the International Financial  Law Review (IFLR) Market Reform Award 2017.

        Mr Loh holds a Bachelor of Engineering degree from the National University of Singapore.

        Mr Loh was last re-elected as a director at the Annual General Meeting on 20 September 2018.

    • 07:00 - 10:30

      Registration

      All Participants
      Venue: Raffles City Convention Centre, Level 4, Fairmont Ballroom Foyer
    • 08:00 - 10:00

      WFE's General Assembly Meeting

      WFE Members Only
      Venue: Raffles City Convention Centre, Collyer Ballroom
    • 10:00 - 10:30

      Coffee Break

      Venue: Raffles City Convention Centre, Collyer Ballroom Foyer
    • 10:30 - 10:45

      Opening Ceremony of the Annual Meeting

      All Participants

      Welcome Remarks

      Venue: Raffles City Convention Centre, Padang Ballroom
      • Nandini
        Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
      • Nandini Sukumar

        Chief Executive Officer The World Federation of Exchanges

        Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. WFE exchanges are home to nearly 45,000 listed companies, the market capitalization of these entities is over $82.5 trillion and around $81.8 trillion in trading annually passes through the infrastructures that the WFE members safeguard. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s DLT Workstream.

        Ms. Sukumar has been CEO of the WFE since March 2015. Prior to this, she served as Acting Chief Executive Officer from November 2014, having been recruited by the WFE Board as Chief Administrative Officer in May 2014 to run the Federation on a daily basis and work with its global network of members as a proponent of the benefits of fair, orderly, public markets. Ms. Sukumar came to the WFE after a 14-year career at Bloomberg where she created, grew and ran their coverage of market structure, exchanges and UK regulation.

      • Boon Chye
        Boon Chye Loh Chief Executive Officer Singapore Exchange (SGX)
      • Boon Chye Loh

        Chief Executive Officer Singapore Exchange (SGX)

        Mr Loh Boon Chye joined SGX as CEO on 14 July 2015. He is also an Executive and Non-Independent Director on the SGX Board.

        With a career in the financial industry that spans close to 30 years,  Mr Loh was most recently Deputy President and Head of Asia Pacific  Global Markets at Bank of America-Merrill Lynch from December 2012 to  May 2015. He was also the bank’s Country Executive for Singapore and  Southeast Asia and a member of its Asia Pacific Executive Committee.

        Mr Loh began his career as an Investment Officer with the Monetary  Authority of Singapore in 1989. He joined the Singapore branch of Morgan  Guaranty Trust Co. of New York in 1992, managing its Southeast Asia  fixed-income and derivatives business. From 1995 to  2012, he was with Deutsche Bank AG, where he held various leadership  roles including Head of Corporate & Investment Banking for Asia  Pacific and Head of Global Markets for Asia.

        Over the years, Mr Loh has played a key role in the development of  Southeast Asia’s capital markets, having held a number of senior  advisory positions. Apart from his directorship on the SGX Board from  2003 to 2012, he has also been on the Boards of GIC Pte Ltd since  November 2012, Economic Development Board Singapore since February 2017  and the World Federation of Exchanges since September 2017.

        He was also previously Chairman of the Singapore Foreign Exchange  Market Committee, as well as Deputy President of ACI Singapore.

        Mr Loh is a council member and Distinguished Fellow at the Institute  of Banking & Finance Singapore and was awarded for Outstanding  Contribution to Financial Markets in Asia in the Euromoney Awards for  Excellence in 2010. He was also presented the International Financial  Law Review (IFLR) Market Reform Award 2017.

        Mr Loh holds a Bachelor of Engineering degree from the National University of Singapore.

        Mr Loh was last re-elected as a director at the Annual General Meeting on 20 September 2018.

      • Dr. Urs
        Dr. Urs Rüegsegger Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges
      • Dr. Urs Rüegsegger

        Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges

        Urs Rüegsegger served as the Group Chief Executive Officer of SIX Group AG from 2008 to December 2017. Prior to this he held the position of Head of the Executive Committee of St. Galler Kantonalbank. He joined  the bank in 1993 as Head of Controlling, Accounting and Risk Management and was appointed to the Executive Committee in 1997. In 2000 he took charge of the IPO, which was successfully launched in 2001.

        As Head of the Executive Committee he also held various positions with the Association of Swiss Cantonal Banks since 2001.

        After completing a degree in business studies at the University of  St. Gallen, Urs Rüegsegger started his career at Swiss Re in the area of IT. He was deeply involved in the development of commercial applications and the restructuring of Swiss Re's service branch. He transferred to St. Galler Kantonalbank in late 1993 after assuming financial responsibility for Audatex, an international subsidiary group of Swiss Re.

    • 10:45 - 11:15

      Session 1: Keynote - The Changing World

      Venue: Raffles City Convention Centre, Padang Ballroom
      • Jacqueline
        Jacqueline Loh Deputy Managing Director, Markets and Development Monetary Authority of Singapore
      • Jacqueline Loh

        Deputy Managing Director, Markets and Development Monetary Authority of Singapore

        Ms Jacqueline Loh Wai Yin is the Deputy Managing Director for Markets and Development in MAS.  She oversees the Markets and Investment, Development and International, as well as the FinTech and Innovation Groups.

        Jacqueline is a Director at the ASEAN+3 Macroeconomic Research Office Ltd, a Member of the Institute of Banking & Finance Council and a Member of the Board of Governors of the Wealth Management Institute@Nanyang Technological University.  She is also a Member of the Board of Trustees of pension savings schemes in a couple of Ministries, and of the HDB Board. 

        Jacqueline graduated with a Master of Business Administration from the University of Washington in 1986.  She was awarded the Public Administration (Gold) Medal in 2018.

    • 11:15 - 12:15

      Session 2: The Changing World: Business as Usual

      “Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself,” Rumi wrote. As the world and the global financial system confronts unprecedented change on multiple fronts - regulatory, political, social, generational and economic - what must exchanges & CCPs do to prepare for the future? What does the world require of the industry today and what does it require of us in five years? What can we change and what must the industry live with to ensure we remain relevant and close to our customers and stakeholders?  

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • Oscar N.
        Oscar N. Onyema, OON, FIoD Chief Executive Officer The Nigerian Stock Exchange
      • Oscar N. Onyema, OON, FIoD

        Chief Executive Officer The Nigerian Stock Exchange

        Mr. Onyema has been CEO and member of the National Council of The Exchange since April 2011. In this role, he is responsible for superintending the general working of The Exchange. He is Chairman of Central Securities Clearing System Plc (CSCS), the clearing, settlement and depository for the Nigerian capital market; Chairman of NG Clearing, which is in the process of developing a CCP; and Chairman of the subsidiaries of The Exchange. 

        He is a member of several advisory boards including London Stock Exchange Group (LSEG) Africa Advisory Group (LAAG) and Thomson Reuters Africa Advisory Network. 

        Mr. Onyema was the President of African Securities Exchanges Association (ASEA) until November 2018. He has served as a Council member of Chartered Institute of Stockbrokers (CIS); Global Agenda Council member of World Economic Forum (WEF); board member of FMDQ OTC PLC and National Pension Commission of Nigeria (PENCOM). Prior to relocating to Nigeria, he served as Senior Vice President and Chief Administrative Officer at American Stock Exchange (Amex). He also ran the NYSE Amex equity business after the merger of NYSE Euronext and Amex in 2008.

        He holds the Nigerian national honour of Officer of the Order of the Niger (OON); is a Fellow of the Institute of Directors (IOD); Fellow of the Chartered Institute of Stockbrokers (CIS); Associate of Chartered Institute for Securities & Investment (CISI) in the UK; Holder of FINRA Series 7, 24, and 63 in the USA.

        Mr. Onyema completed the Harvard Business School Advanced Management Program (AMP) in 2015. He got his MBA from Baruch College, New York in 1998; and BSc degree from Obafemi Awolowo University, Ile-Ife, in 1991. 

        Amongst several accolades, Forbes Magazine listed him as one of the ten most powerful men in Africa in 2015.

      Panellists
      • Dr. Urs
        Dr. Urs Rüegsegger Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges
      • Dr. Urs Rüegsegger

        Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges

        Urs Rüegsegger served as the Group Chief Executive Officer of SIX Group AG from 2008 to December 2017. Prior to this he held the position of Head of the Executive Committee of St. Galler Kantonalbank. He joined  the bank in 1993 as Head of Controlling, Accounting and Risk Management and was appointed to the Executive Committee in 1997. In 2000 he took charge of the IPO, which was successfully launched in 2001.

        As Head of the Executive Committee he also held various positions with the Association of Swiss Cantonal Banks since 2001.

        After completing a degree in business studies at the University of  St. Gallen, Urs Rüegsegger started his career at Swiss Re in the area of IT. He was deeply involved in the development of commercial applications and the restructuring of Swiss Re's service branch. He transferred to St. Galler Kantonalbank in late 1993 after assuming financial responsibility for Audatex, an international subsidiary group of Swiss Re.

      • Alex
        Alex Matturri Chief Executive Officer S&P Dow Jones Indices (S&P DJI)
      • Alex Matturri

        Chief Executive Officer S&P Dow Jones Indices (S&P DJI)

        Alex Matturri is Chief Executive Officer at S&P Dow Jones Indices (S&P DJI), responsible for all aspects of the index business globally. S&P DJI offers investment professionals around the world an array of products from efficiently representative indices to broad comprehensive benchmarks.

        Previously, Alex was Senior Vice President and Director of Global Equity Index Management at Northern Trust Global Investments (NTGI). There, he was responsible for all facets of passive equity portfolio management and trading, overseeing a $185 billion passive investment business for the world’s third-largest quantitative manager. In addition to leading investment teams in the U.S., Europe and Asia, Alex was a driver for the global expansion of the passive investment business across all regions. Alex joined NTGI in 2003 with the company’s acquisition of Deutsche Asset Management’s Index and Quantitative Investment business. At Deutsche, he served as Director and Senior Index Investment Strategist.

        From 1987 until joining Deutsche in 2000, Alex served as Vice President and Division Head at The Bank of New York where he managed the Special Investment Products group which provided investment management, product development, and trading for equity derivatives and quantitative strategies. Alex was a pioneer in the use of equity derivatives and exchange traded funds (ETFs) in institutional and high-net-worth portfolios. In 1993 Alex started The Bank of New York’s transition management business which was one of the first providers of portfolio transition and asset reallocation services. His experience before The Bank of New York included roles as a Risk Arbitrage Analyst at Donaldson, Lufkin & Jenrette and a Security Analyst at First Fidelity Bank.

        Alex is a Chartered Financial Analyst and is admitted as an attorney in New York and New Jersey. He is also a member of the CFA Institute and The New York Society of Security Analysts. Alex holds a bachelor’s in finance with honors from Lehigh University and a JD from Syracuse University College of Law.

      • Dr. Yazid M.
        Dr. Yazid M. Sharaiha Global Head of Systematic Strategies Norges Bank Investment Management
      • Dr. Yazid M. Sharaiha

        Global Head of Systematic Strategies Norges Bank Investment Management

        Yazid Sharaiha is the Global Head of Systematic Strategies, Norges Bank Investment Management, the firm responsible for the management of the Norwegian Government Pensions Fund Global. He joined the Fund in 2012 and is responsible for innovation in portfolio and trading strategies and advancing asset manager’s perspectives through research, analytics and publications. His current industry and research interests are in the areas of systematic/quantitative investing, risk management and optimal execution strategies.

        His career spans both academia and industry. Prior to his current role, he was Managing Director and Global Head of Quantitative and Derivative Strategies at Morgan Stanley. He was previously a University Lecturer in Information Management at Imperial College Business School. He has published numerous academic and industry articles in the fields of Operations Research, Quantitative Finance, Asset Allocation and Market Structure.

        Yazid holds a BSc in Engineering from Imperial College London (1st Class Hon), Masters’ degrees in Engineering (UC Berkeley), Management Science (Imperial College) and Politics (School of Oriental and African Studies), and a PhD in Operations Research from Imperial College, London.


      • Caroline
        Caroline Silver Managing Director Moelis & Company
      • Caroline Silver

        Managing Director Moelis & Company

        Caroline Silver is a Managing Director at Moelis & Company.  Mrs. Silver has been in the investment banking industry for over 30 years and is regarded as one of the leading exchanges and market infrastructure bankers globally.  Most recently, Mrs. Silver advised the Irish Stock Exchange on its sale to Euronext, foreign exchange trading business Oanda on its sale to CVC and is currently advising Euroclear on its proposed restructuring.  Over the years, she has been involved in many of the sector’s most significant transactions, including the IntercontinentalExchange on a potential counterbid for the London Stock Exchange Group, the sale of Chi-X Global business unit in Canada to Nasdaq Inc, the sale of Chi-X Global Asia-Pacific business unit to J.C. Flowers, the sale of the Singapore Mercantile Exchange to the IntercontinentalExchange in 2014, the sale of NYSE Euronext to the IntercontinentalExchange, the merger of Osaka Securities Exchange with the Tokyo Stock Exchange in 2013 and the sale of the London Metal Exchange to Hong Kong Exchanges and Clearing Limited in 2012.  

        Prior to joining Moelis & Company, Mrs. Silver held senior positions at Bank of America Merrill Lynch and Morgan Stanley.   Mrs. Silver was named one of the 25 Most Powerful Women in Finance 2013 and 2014 by the American Banker magazine and has been one of Europe’s “100 most powerful women in finance” for the last decade. Mrs. Silver is also Chair of FTSE- listed FMCG group PZ Cussons PLC, a non-executive director of global health insurer BUPA and is a Trustee of the Victoria & Albert Museum.


    • 12:15 - 13:15

      Session 3: Market Liquidity: The Devil is in the Detail

      "When I hear complaints about less liquidity, remember there is such a thing as too much liquidity." (Paul Volcker). While resilient and dynamic markets are made possible by exchanges and CCPs, well-functioning markets need liquidity to serve their purpose. What makes liquidity fragment on exchange-traded markets? How can exchanges and CCPs overcome these challenges? Is competition a help or a hindrance in fragmenting liquidity? In a world that is fragmenting politically and legally what can exchanges and investors really do to turn the tide? As the G20 and FSB look for examples and solutions of how fragmenting regulation is impeding markets, what can the ecosystem point to? What can regulators, market infrastructures, brokers and investors do? And as exchanges and investors worry about liquidity - finding it, keeping it, growing it - can Volcker ever be right?

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • José Oriol
        José Oriol Bosch Par Chief Executive Officer Bolsa de Valores de Mexico
      • José Oriol Bosch Par

        Chief Executive Officer Bolsa de Valores de Mexico

        José-Oriol Bosch is the Chief Executive Officer of the Mexican Stock Exchange (Grupo Bolsa Mexicana de Valores), since January 1st, 2015, which is composed by the Stock Exchange itself (Bolsa), the Mexican Derivatives Market (MexDer), the Central Securities Depository (Indeval), the central counterparty clearing for equities and derivatives (CCV and Asigna, respectively), an OTC broker (SIF Icap), as well as an operational valuation and market references firm (Valmer); among other companies.

        He has more than 30 years of experience in the financial markets, starting his professional career at a local broker dealer (Inverlat Casa de Bolsa), and later working for Citibank México.

        In 1992, he joined J.P. Morgan, assuming various roles in Mexico and New York, until his arrival at the Grupo BMV. Worth mentioning some positions that he occupied, as Managing Director of J.P. Morgan Chase and Co., Chairman and CEO of J.P. Morgan Casa de Bolsa, and Deputy General Manager of Banco J.P. Morgan in Mexico.

        Oriol was a member of the Board of Directors, as well as a member of the Control Trust of the Mexican Stock Exchange; from its own stock offering in mid-2008, through 2014.

        He was a member of the Board of Directors of the World Federation of Exchanges (WFE), during 2015-2016.


      Panellists
      • Alina
        Alina Aldambergen Chairman of the Management Board Kazakhstan Stock Exchange JSC (KASE)
      • Alina Aldambergen

        Chairman of the Management Board Kazakhstan Stock Exchange JSC (KASE)

        Alina Aldambergen is Chairman of Management Board, Kazakhstan Stock Exchange JSC since 2016. Previous positions were Deputy Chairman of Management Board of JSC "National Managing Holding "Baiterek" (2013-2016), Deputy General Director, General Director of Samuryk-Kazyna Finance LLP (2011-1013), Deputy Chairman of Kazakhstan's Agency for Regulation and Surveillance of the Financial Market and Financial Institutions (2008-2011), Deputy Chairman of Kazakhstan's Agency for Regulation of Activities of the Regional Financial Center of Almaty (2006-2008), Deputy Chairman of Management Board of JSC "SJSB "ABN AMRO Bank Kazakhstan" (2005-2006), Chairman of Management Board, member of Board of Directors at the company for investment management of pension assets "ABN AMRO Asset Management" (2003-2005).

         Education: Kazakh State Academy of Management, Washington University, Rochester University.

        In 2018 she was awarded the Order of Kurmet.


      • Dr. Daniela
        Dr. Daniela Peterhoff Partner, Global Head of Market Infrastructure Oliver Wyman
      • Dr. Daniela Peterhoff

        Partner, Global Head of Market Infrastructure Oliver Wyman

        Dr. Daniela Peterhoff is a Partner in Oliver Wyman’s Stockholm Office. Daniela leads our global market infrastructure practice and joined the firm following her employment with Eurex (Deutsche Börse Group).  

        Daniela specialises in strategy and transformational projects for exchanges, clearinghouses as well as (I)CSDs, data & analytics providers, Fintechs, regulators and custodians.Her recent work spans operations & technology enhancements, risk management, regulatory  & stakeholder management, new business initiatives & strategy as well as investments and M&A/partnerships. 

        Daniela co-led the development and publication of the WFE/Oliver Wyman report related to liquidity in emerging markets, as well as several reports around capital markets outlook, SME finance, CCP regulation and new technologies. 

        Daniela is a frequent speaker at industry conference on market infrastructure topics.

      • Paul
        Paul Jiganti Managing Director of Business Development IMC
      • Paul Jiganti

        Managing Director of Business Development IMC

        Paul Jiganti has been at IMC as Managing Director of Business Development in since 2015. He is responsible for facilitating IMC’s business expansion by building new partnerships and expanding into new areas. Mr. Jiganti began his career as an independent market maker on the Cboe floor before spending 16 years at Susquehanna Investment Group in many roles eventually as Associate Director in charge of the Chicago office. He spent a year as a consultant to Nasdaq before joining TD Ameritrade where he was Managing Director in charge of market structure and retail client advocacy from 2012-2015.

        Mr. Jiganti previously served on the Board of Directors of both the Cboe and Direct Edge, Nasdaq Quality of Markets Committee, FINRA’s Limit up Limit down Advisory Committee, as well as Co-Chaired Cboe’s PAC. Until recently he chaired the SIFMA Listed Options Committee and today he chairs the Listed Options Market Structure Working Group, serves on FIA PTG executive committee, Miami International Securities Exchange, and MIAX Emerald Securities Exchange Board of Directors, as well as Cboe Advisory Committee. Mr. Jiganti has an Economics degree from University of San Diego and is series 7 and 24 licensed.

      • Juan A.
        Juan A. Blackwell Senior Principal, Head of Credit and Counterparty Risk Management Ontario Teachers’ Pension Plan Board
      • Juan A. Blackwell

        Senior Principal, Head of Credit and Counterparty Risk Management Ontario Teachers’ Pension Plan Board

        Juan leads Credit and Counterparty Risk Management (CCRM) at Ontario Teachers’, a pioneering pension plan that invests globally via derivatives and other alternative investments.

        CCRM at Teachers’ entails using market implied metrics and fundamental analysis to assess the probability of default for a global portfolio of the largest and most complex financial institutions, measuring PFEs and then structuring collateralized derivative and securities financing agreements to ensure losses given failure are de minimis after accounting for entity-specific default probabilities.

        Prior to joining Teachers’ in May 2013, Juan spent eight years at the Toronto-Dominion Bank and TD Securities. As a Vice-President in corporate and investment banking, he led lenders focused on direct, margin, toe-hold, and structured financings.

        Juan’s global experience includes structured financings in Colombia, Mexico and India, OTC transactions in Peru and Chile, as well as institutional clients in North America.

        Born in Venezuela, raised in Toronto and Central America, Juan studied Economics at Ave Maria University’s campus in Nicaragua and obtained his MBA from L’ École des Hautes Études Commerciales (HEC) de Montréal. Juan pursues global views of capital markets, market infrastructures and investment risks.

    • 13:15 - 14:15

      Lunch

      All Participants
      Venue: Raffles City Convention Centre, Collyer Ballroom
    • 14:15 - 15:15

      Session 4: The Future of Capital Raising: Exchanges, IPOs and the New World of Listing

      As stock markets and exchanges have grown, companies seem increasingly reluctant to list on them: a phenomena dubbed "the paradox of stock exchanges" by William Wright in his recent paper on the future of the industry. What does this trend mean for exchanges given capital raising is at the heart of the model? What is the future of capital raising? How can exchanges and regulators encourage issuers to use markets-based financing? What does IEX’s decision to exit the listings business say about that exchange and about that business? What role does ESG play in encouraging capital raising? How can emerging markets nurture the big companies of the future?

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • Christine
        Christine Tan Anchor CNBC
      • Christine Tan

        Anchor CNBC

        Christine Tan is the Singapore-based anchor for CNBC’s longest-running feature programme “Managing Asia” interviewing prominent CEOs and leaders of top companies doing business in Asia.

        Tan has more than 17 years of experience in journalism, more than half of which was with CNBC. During her career, she has covered the business and financial market impact from major news events like the Asian Economic Crisis, the Dot Com Bubble Crash, 9-11 attacks in the US and SARS Outbreak.

        She received the Silver World Medal for Best Anchor at the 2009 New York Festivals Television Programming and Promotion Awards and also won the Best Current Affairs Presenter award at the 2008 Asian Television Awards.

        Previously, Tan received the Best News Program award at the 2004 Asian Television Awards on behalf of The Asian Wall Street Journal. The same program also won a finalist award at the 2004 New York Festivals for Coverage of a Breaking News Story. She was a finalist for Best News Anchor in 2001 and 2002 at the New York Festivals Awards and also a Best Current Affairs Presenter finalist at the 1997 and 2006 Asian Television Awards.

        In 2017, Tan won the inaugural ‘Influential Woman of the Year’ Award by research platform Influential Brands, for her exemplary achievements and contribution to the media industry.

        She holds a Bachelor of Arts degree in Sociology and English and a Masters of Arts with Honors in Sociology from the University of Auckland, New Zealand.

      Panellists
      • Paul
        Paul Muthaura Chief Executive Officer Capital Markets Authority of Kenya (CMA)
      • Paul Muthaura

        Chief Executive Officer Capital Markets Authority of Kenya (CMA)

        Mr. Paul Murithi Muthaura has been leading the Capital Markets Authority (CMA) of Kenya since July 2012. In this period, the CMA has been recognized as the Most Innovative Capital Markets Regulator in Africa for four consecutive years from 2015-18. CMA was also been recognized for its outstanding contribution to Capital Markets Stability in Africa in 2018.

        Mr. Muthaura is a member of the Board of the International Organization of Securities Commissions (IOSCO) and the Chairman of the Africa and Middle East Regional Committee (AMERC) of IOSCO. He is also the Chairman of the Consultative Committee of the East African Securities Regulatory Authorities (EASRA). At the national level he sits on the boards of the Insurance and Pensions regulator as well as the Vision 2030 Delivery Board.

        Paul has previously worked as an Emerging Markets Advisor with the General Secretariat of IOSCO and as a senior commercial associate with the law firm of Daly and Figgis Advocates. In his time with the CMA he has held the positions of Head of Legal Framework, Head of Enforcement and Director, Regulatory Policy and Strategy.

        Mr. Muthaura is an Advocate of the High Court of Kenya and an Honorary Fellow of the Institute of Certified Public Secretaries of Kenya. He is the holder of an LLB from the University of Warwick, LLM in Banking and Finance Law from the London School of Economics and Political Science and MPhil from the Maastricht School of Management.

        In December 2017, Mr. Muthaura was awarded the National Honour of the Order of the Moran of the Burning Spear (MBS), by His Excellency the President of the Republic of Kenya for his services to the development, deepening and reform of the capital markets in Kenya.

      • Laura M.
        Laura M. Cha Chairman Hong Kong Exchanges and Clearing Ltd
      • Laura M. Cha

        Chairman Hong Kong Exchanges and Clearing Ltd

        Mrs Cha is a member of the Executive Council of the Government of Hong Kong, Chairman of Hong Kong Exchanges and Clearing Ltd and a member of Financial Leaders Forum.

        Mrs Cha is the Non-Executive Deputy Chairman of The Hongkong and Shanghai Banking Corporation, a Non-Executive Director of HSBC Holdings plc, and an Independent Non-Executive Director of Unilever plc. She is also a Senior International Advisor of Foundation Assets Management Sweden AB and a member of Sotheby’s International Advisory Board. In addition, she is Vice Chairman of the International Advisory Council of the China Securities Regulatory Commission. She is a Director of the World Federation of Exchanges.

        Mrs Cha became the first, and to-date, the only person outside Mainland China to join the Central Government of the People’s Republic of China at the vice-ministerial rank when she was appointed as Vice Chairman of the China Securities Regulatory Commission in January 2001. She served in that position until September 2004. Mrs Cha worked for Securities and Futures Commission in Hong Kong from 1991 to 2000, becoming its Deputy Chairman in 1998.

        She was awarded a Silver Bauhinia Star in 2001, a Gold Bauhinia Star in 2009 and the Grand Bauhinia Medal in 2017 by the Hong Kong Government for her public service.

      • Carol
        Carol Fong Group Chief Executive Officer CGS-CIMB Securities
      • Carol Fong

        Group Chief Executive Officer CGS-CIMB Securities

        Ms. Carol Fong is the Group Chief Executive Officer of CGS-CIMB Securities. In her present role, Carol is responsible for the overall management and financial performance of the entire Group’s equities business, a regional franchise covering Asia Pacific (ex-Japan) as well as offices in London and New York. She was also previously country Investment Banking CEO of CIMB Group, where she was responsible for building up the investment banking business, key client and regulator relationships in Singapore.

        Carol’s experience in financial markets spans over 33 years. She started her career at OCBC Bank and over the last 30 years, she has held a number of senior managerial positions in various stockbroking firms. She is also currently Chairman of the SGX Securities Advisory Committee and is also appointed as an Independent Director of Genting Singapore, a large public listed company in Singapore.

        Carol was conferred the IBF Distinguished Fellow award in 2016. The IBF Distinguished Fellow is a significant role model who serves as a beacon of excellence for the financial industry.

        Carol holds a BA degree from the National University of Singapore and a Diploma in Personnel Management. She has also completed the Executive Diploma in Directorship from Singapore Management University- Singapore Institute of Directors in 2018.

      • Socrates
        Socrates Lazaridis Chief Executive Officer Athens Stock Exchange
      • Socrates Lazaridis

        Chief Executive Officer Athens Stock Exchange

        Socrates Lazaridis is Chief Executive Officer of Hellenic Exchanges-Athens Stock Exchange and the subsidiaries Athens Exchange Clearing House and Hellenic Central Securities Depository.  

        He is also Chairman of the Board of the Stock Markets Steering Committee, member of the Board of the Hellenic Capital Market Commission, Vice Chairman of the Hellenic Corporate Governance Council and Member of the Board of the American - Hellenic Chamber of Commerce.  

        He joined the Athens Exchange Group in 1994 and held several positions at the Central Securities Depository, the "Systems Development and Support of Capital Market" (ASYK SA) and the Athens Exchange, while he also served as member of the Board at Athens Derivatives Exchange and the Athens Derivatives Exchange Clearing House. He was also member of the Board of the LinkUp Markets and of the Federation of the European Securities Exchanges (FESE).  

        Born in Athens in 1962, he studied Economics at the Department of Economics in Athens University and continued his studies for an MSc (Econ) at Queen Mary College of London.

    • 15:15 - 15:30

      Session 5: Keynote - The Changing World: Asia

      Venue: Raffles City Convention Centre, Padang Ballroom
      • Dr. Jeffrey
        Dr. Jeffrey Jaensubhakij Group Chief Investment Officer GIC
      • Dr. Jeffrey Jaensubhakij

        Group Chief Investment Officer GIC

        Dr Jaensubhakij was appointed as Group Chief Investment Officer on 1 January 2017. He joined GIC in 1998 as a Senior Economist covering the US economy. He has held asset allocation portfolio responsibilities as Co-Head of Asset Allocation Strategy in the Economics and Strategy Department, and from 2003 to 2011 was Head of Total Return Equities and the US Equities teams based in GIC’s New York Office. In 2011, he was appointed President, Europe, responsible for coordinating GIC’s investment activities in Europe across public and private asset classes. He was appointed President, Public Markets and Director of Public Equities in 2013, and Deputy Group Chief Investment Officer in 2016.

        Dr Jaensubhakij holds a BA in Economics from Cambridge University, as well as a Masters and a PhD in Economics from Stanford University.

    • 15:30 - 16:30

      Session 6: The Changing World: Asia

      As Asia continues to grow, what is the role of Asian markets and market infrastructures on the global stage? What has changed in Asia over the last decade and what has remained constant? What are the changes in market structure that are driving changes in investor behaviour? What will define the so-called 'Asian Century' and how can exchanges enable and drive that growth?

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • Sri
        Sri Jegarajah Senior Correspondent CNBC
      • Sri Jegarajah

        Senior Correspondent CNBC

        Sri Jegarajah is a CNBC Senior Correspondent  based in Singapore. An experienced business and financial  markets correspondent who specializes in commodities since 1997,  Sri follows global energy developments closely. 

          Covering financial markets for more than  15 years, Sri has reported on major global events  including including  the 2016 Jakarta  attacks, 2008 financial  crisis, the Indian Ocean tsunami and the aftermath of the 2011  tsunami disaster from Tokyo. He twice received the Bronze Medal  in 2009 and 2013 for Best News Correspondent by the New York  Festivals International TV & Films Awards.

          Prior to joining CNBC in 2005, Sri was an  energy reporter for Dow Jones Newswires and Bloomberg News in  Singapore.

      Panellists
      • Boon Chye
        Boon Chye Loh Chief Executive Officer Singapore Exchange (SGX)
      • Boon Chye Loh

        Chief Executive Officer Singapore Exchange (SGX)

        Mr Loh Boon Chye joined SGX as CEO on 14 July 2015. He is also an Executive and Non-Independent Director on the SGX Board.

        With a career in the financial industry that spans close to 30 years,  Mr Loh was most recently Deputy President and Head of Asia Pacific  Global Markets at Bank of America-Merrill Lynch from December 2012 to  May 2015. He was also the bank’s Country Executive for Singapore and  Southeast Asia and a member of its Asia Pacific Executive Committee.

        Mr Loh began his career as an Investment Officer with the Monetary  Authority of Singapore in 1989. He joined the Singapore branch of Morgan  Guaranty Trust Co. of New York in 1992, managing its Southeast Asia  fixed-income and derivatives business. From 1995 to  2012, he was with Deutsche Bank AG, where he held various leadership  roles including Head of Corporate & Investment Banking for Asia  Pacific and Head of Global Markets for Asia.

        Over the years, Mr Loh has played a key role in the development of  Southeast Asia’s capital markets, having held a number of senior  advisory positions. Apart from his directorship on the SGX Board from  2003 to 2012, he has also been on the Boards of GIC Pte Ltd since  November 2012, Economic Development Board Singapore since February 2017  and the World Federation of Exchanges since September 2017.

        He was also previously Chairman of the Singapore Foreign Exchange  Market Committee, as well as Deputy President of ACI Singapore.

        Mr Loh is a council member and Distinguished Fellow at the Institute  of Banking & Finance Singapore and was awarded for Outstanding  Contribution to Financial Markets in Asia in the Euromoney Awards for  Excellence in 2010. He was also presented the International Financial  Law Review (IFLR) Market Reform Award 2017.

        Mr Loh holds a Bachelor of Engineering degree from the National University of Singapore.

        Mr Loh was last re-elected as a director at the Annual General Meeting on 20 September 2018.

      • Deborah
        Deborah Ho Managing Director and Head of Southeast Asia BlackRock
      • Deborah Ho

        Managing Director and Head of Southeast Asia BlackRock

        Deborah Ho is Managing Director and Head of Southeast Asia for BlackRock.

        Based in Singapore, Deborah is responsible for a wide-ranging portfolio in markets across South East Asia. This includes delivering the breadth and depth of BlackRock's capabilities to clients in the region.

        Deborah is a member of BlackRock APAC Executive Committee and also part of the global Human Capital Committee which is responsible for driving talent management, holding people managers accountable for deliverables and creating an inclusive culture where all employees feel a sense of belong.

        Deborah is the APAC Chair for WiN and has had extensive experience at the helm of various women's networks in the financial services industry in Asia and continues to champion gender equality in the workplace.

        Deborah has over 25 years of experience in financial services and is an Institute of Banking and Finance (IBF) Fellow. Deborah is on the investment committee of the LKY fund for Bilingualism.

        Deborah was named as one of the Top 25 Most influential women in asset management in Asia Pacific by Asian investor magazine in 2011.

      • Dr. Jeffrey
        Dr. Jeffrey Jaensubhakij Group Chief Investment Officer GIC
      • Dr. Jeffrey Jaensubhakij

        Group Chief Investment Officer GIC

        Dr Jaensubhakij was appointed as Group Chief Investment Officer on 1 January 2017. He joined GIC in 1998 as a Senior Economist covering the US economy. He has held asset allocation portfolio responsibilities as Co-Head of Asset Allocation Strategy in the Economics and Strategy Department, and from 2003 to 2011 was Head of Total Return Equities and the US Equities teams based in GIC’s New York Office. In 2011, he was appointed President, Europe, responsible for coordinating GIC’s investment activities in Europe across public and private asset classes. He was appointed President, Public Markets and Director of Public Equities in 2013, and Deputy Group Chief Investment Officer in 2016.

        Dr Jaensubhakij holds a BA in Economics from Cambridge University, as well as a Masters and a PhD in Economics from Stanford University.

    • 17:15 - 18:30

      WFE Board of Directors Meeting 2

      WFE Board of Directors Only
      Venue: Raffles City Convention Centre
    • 18:30 - 22:00

      Gala Dinner: Chijmes Hall

      WFE Members and Affiliates Only

      *The venue is a short walk away from the hotel. Guests will depart from the foyer of the Swissotel The Stamford at 18:00.

      Venue: Chijmes Hall
    • 08:00 - 16:00

      Registration

      Venue: Raffles City Convention Centre, Level 4, Fairmont Ballroom Foyer
    • 10:00 - 11:00

      Session 7: The Changing World: The Americas - Dawn DeBerry Stump, Commissioner, Commodity Futures Trading Commission, in conversation with Edward Tilly, President, Chairman and Chief Executive Officer, Cboe Global Markets

      Venue: Raffles City Convention Centre
      • Edward
        Edward Tilly President, Chairman and Chief Executive Officer Cboe Global Markets, Inc. (Cboe)
      • Edward Tilly

        President, Chairman and Chief Executive Officer Cboe Global Markets, Inc. (Cboe)

        Edward Tilly is the Chairman of the Board, President and Chief Executive Officer (CEO) of Cboe Global Markets, Inc. (Cboe), one of the world’s largest exchange holding companies. Mr. Tilly, who has been CEO since 2013, was elected to serve in the additional role of Chairman of the Board in 2017 as part of the Bats Global Markets acquisition, and later added President to his title in January 2019.

        Under Mr. Tilly’s leadership, Cboe has expanded its role as a market leader in providing cutting-edge trading and investment solutions to investors around the world. Mr. Tilly led the $3.2 billion acquisition of Bats Global Markets, which was completed on February 28, 2017. As a result, Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world’s barometer for equity market volatility.

        Mr. Tilly has expanded global access to Cboe's flagship products, S&P 500 Index (SPX) options and Cboe Volatility Index (VIX) options and futures, through the launch of global trading hours. He secured exclusive licensing agreements with major global index providers FTSE Russell and MSCI, and launched products that added a significant international dimension to Cboe's index option franchise.

        He also forged a number of strategic alliances in an effort to further diversify the company's product and business lines. Through equity investments in CurveGlobal, Eris Exchange, American Financial Exchange and Vest Financial, Cboe is tapping into new market segments and reaching new customers. Mr. Tilly also led the acquisition of Livevol, Inc., a leading provider of options technology and trading analytics, to enhance Cboe's market data services offering.

        Mr. Tilly has been an integral part of the Cboe community, as both a trader and exchange executive, for 30 years. Prior to being named CEO, Mr. Tilly was Cboe President and Chief Operating Officer from 2011 to 2013, served as Cboe Executive Vice Chairman from 2006 to 2011 and held the highest member-elected position at the Exchange as Cboe’s Member Vice Chairman from 2004 to 2006.

        Mr. Tilly came to Cboe as a trading floor clerk in 1987 and became a floor trader and Cboe member in 1989. He traded as both a market-maker and a designated primary market-maker (DPM) until joining Cboe’s executive management team in 2006. As a Cboe member, Mr. Tilly served on the Cboe Board of Directors from 1998 to 2000 and again from 2003 to 2006. He chaired the Cboe Floor Directors Committee from 2004 to 2006 and served on the Executive, Compensation and Governance Committees of the Board.

        Mr. Tilly currently serves on the board of directors for Cboe Global Markets, Cboe Futures Exchange (CFE), Northwestern Medical Group, World Business Chicago, Working in the Schools, and the World Federation of Exchanges (WFE), where he serves as Vice Chairman of the Board. Mr. Tilly is a member of the Economic Club of Chicago and the Chicago Club.

        He received a B.A. degree in Economics from Northwestern University.


      • Dawn
        Dawn DeBerry Stump Commissioner Commodity Futures Trading Commission
      • Dawn DeBerry Stump

        Commissioner Commodity Futures Trading Commission

        Dawn DeBerry Stump was nominated by President Trump to serve as a Commissioner of the Commodity Futures Trading Commission on June 12, 2017.  She was unanimously confirmed by the Senate on August 28, 2018 and sworn into office on September 5, 2018 for the remainder of a five-year term expiring in April 2022.

        Prior to her appointment, Mrs. Stump was President of Stump Strategic, a consulting firm she founded in 2016. Before starting her firm, Mrs. Stump was Executive Director and Senior Vice President of U.S. Policy for the Futures Industry Association (FIA) and Vice President at the New York Stock Exchange.

        During much of her career she also served the public sector in staff positions in both the U.S. Senate and House of Representatives, including six years at the Senate Committee on Agriculture, Nutrition and Forestry where she focused on various farm policy, rural development, and renewable energy matters as well as oversight of the CFTC.  While serving in both Congressional houses, she participated in negotiations of two farm bills, CFTC reauthorization, and the Dodd-Frank Act.  Mrs. Stump is from Olton, Texas and grew up working in the agricultural sector.

        She holds a Bachelor of Science in Agricultural and Applied Economics degree from Texas Tech University. She is married and has two children.

    • 11:00 - 11:30

      Break

      Venue: Raffles City Convention Centre, Collyer Ballroom Foyer
    • 11:30 - 12:15

      Session 8:The Changing World: Europe, Switzerland, and the UK - Jos Dijsselhof, CEO, SIX Swiss Exchange, in conversation with Karim Hajji, CEO, Casablanca Stock Exchange

      Venue: Raffles City Convention Centre, Padang Ballroom
      • Jos
        Jos Dijsselhof Chief Executive Officer SIX Group
      • Jos Dijsselhof

        Chief Executive Officer SIX Group

        Jos Dijsselhof is a Banking & Exchange executive who joined SIX Group as CEO on January 1st 2018.

        Jos Dijsselhof was previously the Chief Operating Officer of Euronext. He served as interim CEO of Euronext until Stephane Boujnah took over as CEO. Dijsselhof joined Euronext as Chief Operating Officer in June 2014 and was appointed interim CEO in May 2015 after the departure of CEO Dominique Cerutti.

        Before his appointment as COO of Euronext, Dijsselhof was a general manager at Australia and New Zealand Bank in Singapore. He has over 20 years of experience in the financial industry and has worked in Europe and Asia institutions including Royal Bank of Scotland and ABN Amro Bank.

        Jos Dijsselhof earned a bachelor's degree in computer science from the Stenden University of Applied Sciences and an MSc in business administration from the Amsterdam University of Applied Sciences.

        He completed the Advanced Management Program at INSEAD.


      • Karim
        Karim Hajji Chief Executive Officer Casablanca Stock Exchange
      • Karim Hajji

        Chief Executive Officer Casablanca Stock Exchange

        Karim Hajji is the CEO of the Casablanca Stock Exchange, the second largest Exchange in Africa by market cap, and a member of the World Federation of Exchanges.

        In November 2018, Mr Hajji was appointed chairman of the African Securities Exchanges Association (ASEA).

        Mr Hajji is also a member of the Advisory Board of Operation Hope, a leading non-profit organization advocating financial inclusion and a board member of Silatech, an international non-profit committed to the economic empowerment of youth.

        Prior to joining CSE in April 2009, he was Chairman and CEO of Atlas Capital Group, an independent investment bank, active in both corporate finance and asset management, which he had founded in 1999.

        After an eight years international career at Eli Lilly and Co in the US then in Italy and Switzerland, Mr Hajji had joined the ONA group, Morocco’s largest conglomerate, in 1990 as advisor to the Chairman, then General Manager of an affiliate in Monaco and finally Group CFO in 1994.

        Karim Hajji holds an MBA from New York University’s Stern School, a diploma from “Institut d’Etudes Politiques de Paris” and a Master’s degree in capital markets from the University of Paris-IX Dauphine.

    • 12:15 - 13:15

      Session 9: Distributed Ledger Technology: Going Beyond Proof of Concept to Solutions

      The market infrastructure industry was early into distributed ledger technology, seeking to utilise it to boost efficiency and enhance the smooth functioning of capital markets. In 2016, the ASX announced it would use DLT for a post-trade platform for its equity market. With work proceeding swiftly, where are we now? What is the promise of DLT for market infrastructures? Where is the potential for disruption? What are the remaining challenges that need to be overcome and how can the industry surmount the hurdles?

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • Joseph
        Joseph Portelli Executive Chairman Malta Stock Exchange
      • Joseph Portelli

        Executive Chairman Malta Stock Exchange

        Joseph Portelli has over 33 years’ experience employed in various capacities within the financial industry in the U.S and in Malta. He has vast experience as a portfolio manager, currency and commodity trader and has been employed with Bank of America, Nomura Securities, Goldman Sachs, Millburn Ridgefield, Global Capital, and Liongate Capital Management. He was also chief investment officer and managing director of FMG Funds, an emerging markets specialist.  He is currently Executive Chairman of the Malta Stock Exchange and Malta Stock Exchange Institute. Joseph founded the Institute of Investment Analysis and was a visiting lecturer at the University of Malta.

      Panellists
      • Peter
        Peter Hiom Deputy Chief Executive Officer Australian Securities Exchange (ASX)
      • Peter Hiom

        Deputy Chief Executive Officer Australian Securities Exchange (ASX)

        Peter Hiom has been Deputy Chief Executive Officer of ASX since April 2010. He is responsible for the development of all ASX businesses: Listings and Issuer Services, Trading Services, Derivatives and OTC Markets, and Equity Post-Trade Services – including ASX's development of distributed ledger technology to replace CHESS.

        Peter joined ASX in July 2006 following the merger of the Australian Stock Exchange and SFE Corporation where he had responsibility for the business development of the Sydney Futures Exchange and Austraclear. He has a deep understanding of market structure, business processes, product development, distribution and the application of technology in capital markets.

        As part of his role, Peter is a director of Yieldbroker, Australia’s leading electronic fixed income trading platform, and of Digital Asset, a New York-based global leader in the provision of distributed ledger technology to regulated financial institutions.

        Prior to moving to Australia, Peter worked for the London International Financial Futures Exchange, where he held a number of management roles within the Business Development and Information Technology divisions.

      • Dr. Pinar
        Dr. Pinar Emirdag Senior Vice President, Head of Digital Product Development and Innovation State Street
      • Dr. Pinar Emirdag

        Senior Vice President, Head of Digital Product Development and Innovation State Street

        Pinar Emirdag joined State Street in  January 2017. Pinar leads the digital product development and innovation team with the objective of enabling the next financial services generation by developing new products and services. Pinar has worked on a number of industry changing initiatives; building new marketplaces and capital markets offerings throughout her career at the  London Stock Exchange, ICAP, Liquidnet, Citigroup, and Lava Trading - a successful financial technology firm which was acquired by Citigroup.

        In recent years, Pinar has worked on emerging business models and technologies, such as peer to peer financial services. She has also worked on entrepreneurial initiatives as an executive, founder, advisor and board member. These include Clearmatics, R3, Hyperledger, Quantave, UK Digital Currency Association, Complymatic, Mathmoneyfx (now  Symbiont) and Senahill Partners.

        Pinar holds doctorate and master’s degrees in physics and a master’s degree in electrical engineering from Brown University. Pinar’s research field was development of new numerical techniques in theoretical particle physics. She continues to be involved in academic collaborations and regularly presents on regulation, technologies and market structures at events and conferences.

      • Yuval
        Yuval Rooz Co-Founder and Chief Executive Officer Digital Asset
      • Yuval Rooz

        Co-Founder and Chief Executive Officer Digital Asset

        Yuval was part of the founding team of Digital Asset. Yuval managed an electronic algorithmic trading desk for more than three years and has held positions at DRW Trading Group and Citadel. He has experience investing in successful startups and has significant experience managing large teams of developers in financial products and operations.

    • 13:15 - 14:15

      Lunch

      Venue: Raffles City Convention Centre, Fairmont Ballroom Foyer
    • 14:15 - 14:30

      Session 10: Keynote - Masamichi Kono, Deputy Secretary-General, The Organization for Economic Co-operation and Development

      Venue: Raffles City Convention Centre, Padang Ballroom
      • Masamichi
        Masamichi Kono Deputy Secretary-General The Organisation for Economic Co-operation and Development (OECD)
      • Masamichi Kono

        Deputy Secretary-General The Organisation for Economic Co-operation and Development (OECD)

        Mr. Masamichi Kono was appointed Deputy Secretary-General of the OECD in August 2017. His portfolio includes the strategic direction of OECD policy on Environment, Development, Green Growth, Science, Technology and Innovation, Financial and Enterprise Affairs & Anti-Corruption along with representing the OECD at the Financial Stability Board meetings.

        Prior to joining the OECD, Mr. Kono was the Vice Minister for International Affairs, Financial Services Agency, Japan (JFSA) and President of the Asian Financial Partnership Center of the JFSA. In that capacity, he represented the JFSA in various international bodies and meetings, and was responsible for coordinating policies relating to international affairs for the JFSA.

        In relation to this work, he served as Chairman of the International Organization of Securities Commissions (IOSCO) Technical Committee from April 2011 until May 2012, and thereafter as Chairman of the IOSCO Board until the end of his term in March 2013. He was also the Co-chair of the Financial Stability Board Regional Consultative Group for Asia from July 2013 to June 2015, and Chairman of the IFRS Foundation Monitoring Board from February 2013 to June 2016.

        He has had a long career in financial supervision and the regulation of financial services, both in Japan and in the international arena, since joining the public service in 1978.

        Before joining the Financial Services Agency, Mr Kono was Secretary to the WTO Financial Services Committee between 1994 and 1999, as Counsellor of the Trade in Services Division, World Trade Organisation. He also served for 4 years at the OECD Secretariat in the Economics Department, at the beginning of his career.

        From September 2005 to March 2017, he was a Visiting Professor at the University of Hiroshima, Graduate School of Social Sciences (Finance Program). He was also Research Scholar at Columbia University, School of International and Public Affairs (SIPA), USA from November 2016 to June 2017.

        Mr. Kono holds a B.A. in law from Tokyo University.


    • 14:30 - 15:30

      Session 11: Embedding Sustainability Into Exchange Operations – the WFE’s Principle 5

      Exchanges are leading by example on Sustainability, publicly committing to embed ESG into their own organisations and corporate practices in addition to encouraging their stakeholders to understand and embrace the agenda. At the heart of the exchange vision lies the belief and the practice that transparency, accountability and integrity translate into better, more effective and more inclusive capital markets. How can exchanges integrate sustainability into their core strategic planning? How can they encourage stakeholders to do the same? How can exchanges reflect sustainability in governance and risk management and encourage others to do the same? How can our industry foster a broader sustainability culture and encourage others in the capital markets to follow their example? Sustainability is an ecosystem and, while the exchange can lead by example, how can our industry find a way to encourage others in the ecosystem to walk with them?

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • Robert
        Robert Scharfe Chief Executive Officer Luxembourg Stock Exchange
      • Robert Scharfe

        Chief Executive Officer Luxembourg Stock Exchange

        Robert Scharfe heads the Luxembourg Stock Exchange since 2012. He has redesigned the company’s structure, heavily developed the Exchange’s exposure to Islamic and green finance, and considerably strengthened the company’s ties with Asian issuers and organisation.

        Robert is a member of the board of directors of the Federation of European Securities Exchanges, as well as the chairman of the Nomination Committee of the World Federation of Exchanges.

        Before joining the Luxembourg Stock Exchange, he spent 35 years in the banking industry, mostly in Corporate Finance and Financial Markets. Between 2000 and 2012, he was a member of the management board of BGL BNP Paribas in Luxembourg. During that time he also assumed senior responsibilities within Fortis Bank in the areas of Institutional Banking and Global Markets.

        He holds a Master’s degree in Economics from the University of Nancy, France; he’s an alumnus of INSEAD, France and of the Stanford Graduate School of Business, Palo Alto, USA.

      Panellists
      • Sandy
        Sandy Frucher Vice Chairman Nasdaq
      • Sandy Frucher

        Vice Chairman Nasdaq

        Meyer "Sandy" Frucher is Vice Chairman of Nasdaq. In this role, Mr. Frucher is responsible for developing global exchange relationships and serves as an advisor to the Nasdaq senior management team. He joined the exchange after Nasdaq acquired The Philadelphia Stock Exchange in 2008, where he was Chairman and CEO since June,1998.

        Mr. Frucher also has a distinguished career in city, state, and federal government, including serving as the chief labor negotiator for New York State, CEO of Battery Park City Authority, and CEO of the School Construction Authority.

        Mr. Frucher is the founding chairman and trustee emeritus of the Massachusetts Museum of Contemporary Art. He also sits on the Boards of the Saratoga Performing Arts Center, the Options Clearing Corporation, the World Federation of Exchanges and Sirius Group.



      • Masamichi
        Masamichi Kono Deputy Secretary-General The Organisation for Economic Co-operation and Development (OECD)
      • Masamichi Kono

        Deputy Secretary-General The Organisation for Economic Co-operation and Development (OECD)

        Mr. Masamichi Kono was appointed Deputy Secretary-General of the OECD in August 2017. His portfolio includes the strategic direction of OECD policy on Environment, Development, Green Growth, Science, Technology and Innovation, Financial and Enterprise Affairs & Anti-Corruption along with representing the OECD at the Financial Stability Board meetings.

        Prior to joining the OECD, Mr. Kono was the Vice Minister for International Affairs, Financial Services Agency, Japan (JFSA) and President of the Asian Financial Partnership Center of the JFSA. In that capacity, he represented the JFSA in various international bodies and meetings, and was responsible for coordinating policies relating to international affairs for the JFSA.

        In relation to this work, he served as Chairman of the International Organization of Securities Commissions (IOSCO) Technical Committee from April 2011 until May 2012, and thereafter as Chairman of the IOSCO Board until the end of his term in March 2013. He was also the Co-chair of the Financial Stability Board Regional Consultative Group for Asia from July 2013 to June 2015, and Chairman of the IFRS Foundation Monitoring Board from February 2013 to June 2016.

        He has had a long career in financial supervision and the regulation of financial services, both in Japan and in the international arena, since joining the public service in 1978.

        Before joining the Financial Services Agency, Mr Kono was Secretary to the WTO Financial Services Committee between 1994 and 1999, as Counsellor of the Trade in Services Division, World Trade Organisation. He also served for 4 years at the OECD Secretariat in the Economics Department, at the beginning of his career.

        From September 2005 to March 2017, he was a Visiting Professor at the University of Hiroshima, Graduate School of Social Sciences (Finance Program). He was also Research Scholar at Columbia University, School of International and Public Affairs (SIPA), USA from November 2016 to June 2017.

        Mr. Kono holds a B.A. in law from Tokyo University.


    • 15:30 - 16:30

      Session 12: Investing in Financial Infrastructure: What do we need to do this decade to ensure optimal outcomes for the next?

      "In investing, what is comfortable is rarely profitable," Robert Arnott once said. As the industry looks to the next decade where should we be putting our money, energy and aspirations? What investments are market infrastructures making? How can we invest to improve existing financial infrastructure? Where do we need to improve? How much should we invest? How should we be thinking about the design and engineering of financial market infrastructure? CME recently acquired NEX, which includes the cash market trading platforms BrokerTec and EBS and a number of post-trade optimisation services businesses – what are the benefits of this deal for customers and market participants? As markets grow more interconnected and regulation and political will grow more domestic, are the growth opportunities local or international?

      Venue: Raffles City Convention Centre, Padang Ballroom

      Moderator
      • Geoffrey
        Geoffrey Odundo Chief Executive Nairobi Securities Exchange
      • Geoffrey Odundo

        Chief Executive Nairobi Securities Exchange

        Mr. Odundo was appointed Chief Executive of the NSE on March 3, 2015. He is an accomplished Investment Banker having been in the financial services sector for the last 27 years, 21 of which have been in the Capital Markets.

        Prior to his appointment, Mr. Odundo was the Managing Director and Chief Executive Officer of Kingdom Securities Limited. He was instrumental in the setting up of Coop Trust Investment Services, Co-op Consultancy Services Limited and Kingdom Securities Limited.

        Mr. Odundo has advised on a number of corporate finance mandates in both the public and private sectors; he has also managed key mandates in the asset management industry. He has contributed to the growth of the Capital Markets in his previous role as a Director/Board Secretary - Kenya Association of Stock Brokers and Investment Banks, Chairman of the Financial Standards Committee - Kenya Bureau of Standards as well as the Board Director of the Nairobi Securities Exchange PLC. Mr. Odundo serves as a Director of the Central Depository and Settlement Corporation (CDSC) Limited, Director of the NSE Clear Limited; and a trustee of the NSE Fidelity Funds.

        He is a member of the Central Bank Consolidative Forum for Domestic Debt Market (CFDDM) and a Council Member of the Institute of Certified Investment Financial Analysts (ICIFA). Mr. Odundo is also a board member of the Africa Securities Exchanges Association (ASEA), a Director of the East African Securities Exchanges Association and a Member of the Thomson Reuters Africa Customer Advisory Network. 

        Mr. Odundo holds a Master’s degree in Strategic Management and an undergraduate degree in Mathematics and Economics. He is an Advanced Management Program (AMP) graduate from Strathmore Business School.

      Panellists
      • John W.
        John W. Pietrowicz Chief Financial Officer CME Group
      • John W. Pietrowicz

        Chief Financial Officer CME Group

        John W. Pietrowicz has served as Chief Financial Officer of CME Group since January 2015. His responsibilities include oversight of the company's corporate finance, accounting, investor relations, treasury, real estate and procurement functions. Before assuming his current role, he served as Senior Managing Director, Corporate Development and Finance, where he had day-to-day oversight of and responsibility for identifying, negotiating, financing and managing ongoing investments in new business opportunities. He also served as Managing Director, Corporate Finance and Deputy Chief Financial Officer since joining the company in 2003. Prior to joining the company, he served as Chief Financial Officer for The Merchants' Exchange, an electronic commodities exchange based in Chicago. He also held financial leadership positions for Ameritech.

      • Jan
        Jan Boomaars Group Chief Executive Officer Optiver
      • Jan Boomaars

        Group Chief Executive Officer Optiver

        Jan is the Group CEO of Optiver and Chairman of the Optiver Executive Committee. Jan joined Optiver in October 2015 as CEO of the European business, also taking on the Group CEO position in January 2018.

        Prior to this, Jan worked at Goldman Sachs, within the Securities Division. During his GS career he worked across numerous areas, namely the Derivatives, Execution and Clearing businesses. He left the firm as Partner, following a 21-year career in 2015.

        Jan is a graduate of the London School of Economics and holds an MBA from Harvard. He is the founding Chairman of Plato Partnership, former Board member of CMC Markets and current board member of Redburn Ltd.

      • James
        James Martin Deputy Chief Executive Officer Astana International Financial Centre (AIFC)
      • James Martin

        Deputy Chief Executive Officer Astana International Financial Centre (AIFC)

        James Martin is Deputy Chief Executive Officer of the Astana International Financial Centre (AIFC), the regional financial centre in Central Eurasia. In addition to this role he also currently heads up the Business Development Group within AIFC.

        Strategically located between Asia, Europe and the Middle East, Kazakhstan is a key partner in the Chinese Belt & Road initiative and is a gateway into wider investment into the Central Eurasian region. 

        AIFC jurisdiction is based on the principles, norms and precedents of the law of England and Wales and (or) standards applied by the world’s leading financial centres.

        AIFC focuses on facilitating investment into the region and to contribute to the sustainable economic development of the region, focusing on core pillars of Capital Markets, Asset Management, Private Banking, Islamic Finance & Fintech.

        Prior to AIFC Mr. Martin worked at Nasdaq for over 15 years, in Europe and the Middle East, focusing on Business Development, Sales and Consultancy, before which he worked in the finance sector in London and the United States, with focus on asset management, securities lending and custody banking.

    • 16:30 - 17:00

      Closing Remarks: Thanks to SGX, Farewell Singapore and Welcome to the Annual Meeting 2020

      Venue: Raffles City Convention Centre, Padang Ballroom
      • Nandini
        Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
      • Nandini Sukumar

        Chief Executive Officer The World Federation of Exchanges

        Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. WFE exchanges are home to nearly 45,000 listed companies, the market capitalization of these entities is over $82.5 trillion and around $81.8 trillion in trading annually passes through the infrastructures that the WFE members safeguard. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s DLT Workstream.

        Ms. Sukumar has been CEO of the WFE since March 2015. Prior to this, she served as Acting Chief Executive Officer from November 2014, having been recruited by the WFE Board as Chief Administrative Officer in May 2014 to run the Federation on a daily basis and work with its global network of members as a proponent of the benefits of fair, orderly, public markets. Ms. Sukumar came to the WFE after a 14-year career at Bloomberg where she created, grew and ran their coverage of market structure, exchanges and UK regulation.

      • Dr. Urs
        Dr. Urs Rüegsegger Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges
      • Dr. Urs Rüegsegger

        Chairman, SIX Swiss Exchange Chairman, The World Federation of Exchanges

        Urs Rüegsegger served as the Group Chief Executive Officer of SIX Group AG from 2008 to December 2017. Prior to this he held the position of Head of the Executive Committee of St. Galler Kantonalbank. He joined  the bank in 1993 as Head of Controlling, Accounting and Risk Management and was appointed to the Executive Committee in 1997. In 2000 he took charge of the IPO, which was successfully launched in 2001.

        As Head of the Executive Committee he also held various positions with the Association of Swiss Cantonal Banks since 2001.

        After completing a degree in business studies at the University of  St. Gallen, Urs Rüegsegger started his career at Swiss Re in the area of IT. He was deeply involved in the development of commercial applications and the restructuring of Swiss Re's service branch. He transferred to St. Galler Kantonalbank in late 1993 after assuming financial responsibility for Audatex, an international subsidiary group of Swiss Re.

      • Jianjun
        Jianjun Wang President & CEO Shenzhen Stock Exchange
      • Jianjun Wang

        President & CEO Shenzhen Stock Exchange

        Mr. Wang Jianjun currently serves as the President & CEO of the Shenzhen Stock Exchange (SZSE), assuming office in April 2016.

        Prior to SZSE, he devoted himself to public service by joining the Commission for Economic Restructuring of Beijing Municipality in 1995. He then joined the Public Offering Supervision of China Securities Regulatory Commission (CSRC) in 1997. In his regulatory career with the CSRC, Mr. Wang served as the Director of General Administration of Public Offering Supervision, Vice Director of the CSRC Yunnan Regulatory Bureau, Director of Market Supervision, Director of Research Center, Dean of Beijing Institute of Securities and Futures, and Director of General Office.

        Mr. Wang was born in Sichuan, China. He holds a Master’s Degree in Economics.


    • 17:00 - 18:00

      Farewell Reception

      Venue: Raffles City Convention Centre, Fairmont Ballroom Foyer