5 Structured Products Forum 2007 Hong Kong

8/8/2019 5 Structured Products Forum 2007 Hong Kong

http://slidepdf.com/reader/full/5-structured-products-forum-2007-hong-kong 1/11

StructuredProductsForum 2007

Tuesday 13th March

Four Seasons Hotel

Hong Kong

Platinum Sponsor

Bronze SponsorsGold Sponsors Silver Sponsors



It's being held from 9:00am to 5.00pm on:

Thursday 8th March

Westin Hotel, Taipei

Tuesday 13th March

Four Seasons Hotel, Hong Kong

Thursday 15th March

Pan Pacific Hotel, Singapore

More than 1,000 delegates attended the event in these three locations in 2006.

Attending the Structured Products Forum 2007 - now firmly established as the leading

event of its type in Asia - means you won't miss out on vital new developments in the

market. This multi-stream one day conference enables you to meet with an elite group ofproduct structurers and distributors - offering you a comprehensive review of the latestproduct innovations.

This conference will highlight expected developments in the coming year from thiscompelling asset class, including detailed discussions of the various types of product

including;

– Credit Derivatives & Structured Credit

– Equity Derivatives

– Interest Rate Derivatives

– Hedge Fund Products

– Fund-linked Derivatives

– Commodity Derivatives

– Currency Derivatives

Private Banks, Institutional Investors and Retail Market Distributors attend the event for FREE!

Clients will attend this year’s forum for reasons including:

– Keeping up-to-date with the latest trends and strategies in the Asian derivativesmarket

– Assessing the competitive environment to avoid missing out on new opportunities– Understanding the risks and rewards of investing in different products

– Learning how to measure the risks

– Seeing what is the behind the product and how it works (what derivatives are beingused, how the risk is being offset, how product is priced, what technology is being

used)– Being able to remain at the cutting edge of innovation by knowing what the demand is

and how to tailor product to it– Monitoring changes in the tax, legal and regulatory environment by reading incisive

commentary on regulators' thoughts and opinions that will shape the market– Discovering how to maximise the revenue they get from engaging structured

products by learning how to adopt the most effective internal processes, strategiesand technology

– Understanding what's happening elsewhere in Asia, and what innovations are

occurring in the US and European markets– Finding out what they need to do to get trades approved internally and externally,

quickly and correctly

Investors and distributors rarely speak to their competitors. They are, however, very keen

to learn proprietary insight into their rivals' strategies and opinions on trades and market

trends. Where else can they get this information except from attending the StructuredProducts Forum?

We are delighted to welcome you

to our 3rd annual Structured

Products Forum 2007

1

Introduction to Pacific Prospect

Pacific Prospect was foundedin July 2002 and has quicklyestablished itself as a leading

organiser of events for the Asianwholesale financial markets. Itstrives to add value and help the

positive and sustainable

development of these markets. Inaddition, it has provided researchand consultancy services toinvestors, intermediaries and

issuers – enabling them to growor protect their business.

For more information, please contact

Michael Stanhope T 852 2522 3095

E [email protected]

Andrew Crooke

T 852 2522 3011E [email protected]



There is an increasing likelihood that if you are not selling the best products to your

clients, then someone else is. The event is designed to help investment professionals

understand how they can keep pace with record growth and innovation in structuredproducts.

The day is packed with content, panel discussions, presentations, workshops and case-studies to help de-mystify these products and assess the relevance and benefits of each

type of security. Segments of the Forum examine how to structure and price productswhile other sections provide practical tips on product marketing, trends in advertising and

development in retail distribution platforms.

You must keep pace with an evolving market landscape.

It's especially relevant for you, whether you are a Wholesale Investor buying product

directly or facilitating the sale of Structured Products to your clients. Focusing on key

developments, challenges and opportunities across the full range of Structured Products,this Forum has been exclusively prepared for amongst others: Insurance Companies,

Asset Managers, Hedge Funds, Banks, Corporates, Trust Departments, Securities

Firms, Distributors to retail and high-net-worth clients, Brokerage Houses, Regulators,

Private Banks, and Bond Funds.

Target participants include:

– Portfolio managers

– Risk managers

– Legal, operations and compliance officers

– Middle-office managers

– Relationship managers

– Heads of sales and marketing

– Investment advisors/consultants

– Research analysts

The event is broken up into two segments Session A and Session B. Session A provides you with an interesting overview of these products, whereas Session B is a series of

more interactive and technical workshops and case studies. This structure allowsdelegates to switch between streams according to their interest in particular topics.

We look forward to welcoming you soon.

Michael StanhopeChief Executive

Pacific Prospect

T 852 2522 3095E [email protected]

2



8.40 Registration

9.00 Welcome Address

Harold Y Kim, Ph.D

Managing Director, Head of Structured Products

Citigroup Global Markets Asia

9.05 Platinum Sponsor's Presentation

Structured Products in 2007: The Case for Principal Protection

Harold Y Kim, Ph.D

Managing Director, Head of Structured Products


– Recent Asian experience

– The current macro and volatility environment

– The case for principal protection

9.30 Panel Discussion

Becoming Mainstream: Will Structured Products Ever Make It?

Chair

Michael Walker

Director, Head of Asia Pacific Equity Linked Warrants


Panel Members

John Robson

Managing Director, Head of Retail Structured Products - Asia Ex Japan

JPMorgan

Paul Cluley

Partner

Allen & Overy

Agenda

Session A

3



Anthony Yeung

Regional Director, Asia Pacific

Dow Jones Indexes and STOXX Limited

Dean Yogev

Head of Correlation Trading - Non-Japan Asia

Morgan Stanley

Ferdy Khouw

Managing Director - Head of Global Markets Sales, Non Japan Asia

RBC Capital Markets

Ian Sosso

Managing Director, Head of Corporates and Markets - Asia Pacific

Commerzbank

Walter Womersley

Head of Structuring - Asia

Rabobank

Kurt Finkbeiner

Head of Equity Derivatives Trading

HSBC

Franklin HengManaging Director, Head of Equity Derivatives and Structured Products Distribution

The Royal Bank of Scotland

Elliott Hann

Head of Fixed Income - Asia

Reuters

Gary Hung

Director, Equity Structured Solutions - Asia Pacific

Merrill Lynch

Topics to include:

– Are structured products close to becoming ‘mainstream’? What will it take for thisto happen?

– How is the composition of structured products within a clients' portfolio changing?

– What are the cutting-edge structured investment strategies for 2007?

– Which local markets will present the biggest opportunities in Asia this year?

– Implementing volatility strategies for the current trading environment

– Assessing the future direction of retail structured products in Asia

– What is the appetite among retail clients for equity and fund derivatives?

– Developing approaches to capital protected fund structures

– Why are simpler, more thematic products more popular?

– Is the explosive growth of structured products in Asia sustainable?

– Private placement versus public offer – is this blurring the line between retail and

private banking?

– What are distributors looking for from product providers? Is this realistic?– What are the challenges in structuring products for retail distribution?

– How can you educate the salesforce? How do you set up a system and processesto ensure that client suitability is correct?

– What are the biggest challenges in educating investors? Who has the mainresponsibility for doing this?

– Hybrids, hedge funds and alternative assets: what is the best way to educate

investors to buy them?

– What are the regulatory barriers to overcome in the region?

– The end of the bull market: what will we be selling if the market goes flat?





12.00 Presentation

JPMorgan Tradeable Index Strategies

Charles Wong

Executive Director, Head of Rates Structuring - Asia

JPMorgan

– Generating alpha through a broad array of dynamic trading strategies

– Providing exposure to carry, momentum and tax arbitrage though JPMorgan'sproprietary Index Strategies

– Opportunities to maximise portfolio returns and exploit market activities acrossbull & bear scenarios across a wide range of asset classes

12.20 Presentation

Structuring Product Around Hedge Funds

Wyn James

Head of Business Development - Asia, Alternative Assets Group

Royal Bank of Canada

12.40 Presentation

Innovation in Structured Credit Products and What it Means for Asia

Eric Alby

Head of Structured Credit Product Management - Non-Japan Asia

Morgan Stanley

– credit market update

– Some regulatory and accounting drivers behind the growth of structured credit

– Retail opportunities for investors and distributors

– Case studies

– Investment themes for 2007

1.00 Presentation

Actively Managed Structured Products - The Road Map Ahead

Michael Wong

Managing Director, Head of Structured Products Sales - Asia Pacific

Société Générale Asset Management

– Rationale for actively managed structured products

– Designing an actively managed structured product

– Applications

1.20 Lunch

2.05 Platinum Sponsor's Presentation

The Global Macro and Volatility Environment

Thomas Gillespie PhD

Managing Director, Regional Head of Equity Derivatives Strategy


– Review of global trends in equity volatility

– Structural reasons for low volatility

– Comparison of different geographic regions



2.25 Presentation

Fund Linked Derivatives in an Institutional Framework

Pieter Oyens

Head of Asia Fund Linked Derivatives Marketing & Structuring

ABN AMRO

– Why do institutional investors buy fund-linked derivatives?

– How can fund-linked derivatives help in helping in addressing issues such as higheconomic capital cost, negative spread, duration mismatches?

– What new innovations can be expected in this area?

2.45 Presentation

Structured Credit Opportunities in the Current Credit Environment

Mike Scherrer

Director, Global Structured Credit Products

Merrill Lynch

– Tightening spreads and the search for appropriate structures

– Long/short opportunities

– The value add of a manager

3.05 Presentation

The Tranched ABX Index and the Development of the ABS Correlation Market

Stephen Wong

Managing Director, Head of Structured Credit & CDOs - Asia Pacific


– How did the Tranched ABX Index develop?

– Will the ABS correlation market drive the be-spoke ABS CDO tranches?

– What are the impediments?

– How will the ABS correlation market affect traditional cashflow ABS CDO pricing?

3.25 Refreshments and Networking

3.40 Presentation

Emerging Opportunities in Structured Credit

Jeffrey S Tolk

Managing Director, Asia Head of Structuring - Structured Credit Products

HSBC

– Identifying relative value in structured credit

– New strategies for credit CPPI

– Opportunities for sourcing Asian risk in credit structures

4.00 Panel Discussion

Finding Greater Value in Structured Credit

Chair

Thomas JonesPartner

Allen & Overy

Panel Members

Richard Clarke

Director, Structured Solutions & Alternative Investments

AXA Investment Managers

Jamie Spence

Head of Structured Credit Products Marketing – Asia

HSBC

Chandrakant MohantyManaging Director, Global Structured Credit Products

Merrill Lynch

7



Stephen Wong

Managing Director, Head of Structured Credit & CDOs - Asia Pacific


David Crammond

Chief Executive Officer

Markit Asia

Chris Hodgeman

Head, Structured Credit Marketing - Asia ex Japan/Korea

ABN AMRO

Shan Luo

Head of Credit Structuring - Asia

RBC Capital Markets

Francois de Supervielle

Director, Structured Credit Marketing - Asia

Natixis Asia

Leslie Van Orsdel

Head of Fixed Income Business Development

Bloomberg

Topics to include:

– What is the expected outlook for spreads in 2007 - are investors afraid to invest in

credit?

– How does one create attractive returns in a tight spread environment?

– How important are managed trades going to be in Asia this year?

– What products will be most popular in 2007?

– Pros and cons of CPDO, and what is the next generation going to look like?

– What product features do clients want?

– What is the continuing scope for CPPI across Asia?

– Credit hybrid structures - what are the new innovations?

– Good products and bad products - how can investors tell the difference?

– What are the regulatory barriers to overcome in the region? How much impact will

Basel II have on banks' incentive to issue CDOs?– The missing link: how does structured credit fit within a clients' portfolio?

5.00 Conference Closes



10.00 Workshop

Where to Capture Value in the Current Credit Markets

Francois de Supervielle

Director, Structured Credit Marketing - Asia

Natixis Asia

Laurent Benissan

Director, Structured Credit Products - Asia

Natixis Asia

– In the tight credit spread environment and the ever-changing credit cycle, a focus on

a Dynamic Multi-Credit Asset Class Portfolio is an excellent way to capture value.What are the benefits of such a strategy and how can investors implement it?

– Negative comments have been mushrooming from the US Home Equity Loan sector

lately - how can investors take advantage of this situation?

10.40 Workshop

CDOs of ABS

Grace Wu

Director, Global Structured Credit Products

Merrill Lynch

– Overview and current status of the market

– Cash and synthetic structures

– Emerging opportunities

11.20 Refreshments and Networking

11.40 Workshop

CPDOs: A Breakthrough in Synthetic Credit Investments

Chris Hodgeman

Head, Structured Credit Marketing - Asia ex Japan/Korea

ABN AMRO

– Constant Proportion Debt Obligation (CPDO): a unique asset class and the first

fully-rated product in the credit market that uses an alternative leverage technologyto traditional CDOs

– Rating methodology explained

– High-grade exposure in a form that is not directly affected by correlation volatility

– High certainty of principal and coupon payments

– Dynamic leveraged credit product combining elements from both CDO & CPPI

technology

– How does CPDO utilise variable leverage in order to control risk?

12.20 Workshop

Investing in a Low Volatility Environment

Garry Frenklah

Head of Private Banking Sales, non-Japan Asia


– Investor experience: 1996 to 2006

– Market outlook in 2007

– Application of instrument/investment strategy to express a view

– History repeats itself? The use of back-testing

1.00 Return to Session A for Presentation

1.20 Lunch

Session B

9



Documents

5 Structured Products Forum 2007 Hong Kong