AGENDA
08.00-09.00
Registration and Coffee
Ballroom 2&3
ALL SESSIONS
Ballroom 1
09.00-09.05
Euromoney Welcome: Christopher Garnett, Director, Euromoney Conferences
09.05-09.25
Gilts – Current Perspectives from the DMO
Keynote Address: Robert Stheeman, Chief Executive, UK Debt Management Office
Followed by Q&A Moderated by Christopher Garnett, Director, Euromoney Conferences
09.25-10.15
Panel I: The UK Economy and the Sterling Bond Market
What are current predictions for UK economic growth in 2012-13 and beyond?
Public finances remain on shaky ground – what is the outlook for UK borrowing and the deficit?
Inflation has been falling but remains above the target 2% - how much of a threat is inflation now?
What has further QE meant for the economy? And the bond market?
How has the ongoing debt crisis in the Eurozone affected the UK economy?
Volumes of sterling-denominated issuance more than doubled in Q1 of this year compared to Q1 2011 –
will the sterling bond market continue to boom?
Secondary market and lack of liquidity – how has this been influencing the Sterling bond market?
Chaired by: Christopher Garnett, Director, Euromoney Conferences
Speakers: Mike Amey, Managing Director and Portfolio Manager, Sterling Portfolios, PIMCO
Paul Griffiths, Global Head of Fixed Income, Aberdeen Asset Management
Graeme Leach, Chief Economist and Director of Policy, Institute of Directors
Nigel Myer, Director, Credit Strategy, Lloyds Bank Wholesale Banking and Markets
10.15-10.45
Coffee Break
Ballroom 2&3
10.45-11.30
Workshop A Social Housing – A New Financial Architecture
Hosted by: Lloyds Bank
Anticipated social housing supply going forward. Signs of indigestion from investors?
Welfare reform and credit implications for the social housing sector
Credit ratings in the sector and impact on pricing and liquidity
Speakers: Grant Vaughan, Associate Director, Corporate Debt Capital Markets, Lloyds Bank Wholesale
Banking and Markets
Martin Watts, Head of Treasury, L&Q London Housing Association
11.35-12.20
Workshop B Developments in UK Infrastructure Finance: Impact on the Sterling Bond Market
Hosted by Santander
Chaired by: Harry Bright, Managing Director and Head of Credit Markets, Santander Global Banking and
Markets UK
Speakers: Andrew Davidson, Senior Vice President, Infrastructure Finance Group, Moody's Investors Service
Stuart Montgomerie, Managing Director, Head of Sterling Debt Syndicate, Santander Global Banking and
Markets UK
Richard Threlfall, Partner and Head of Infrastructure, Building and Construction, KPMG
Silja Turville, Senior Infrastructure Finance Adviser, Legal & General Investment Management
Christian Tyson, Commercial Director, Skanska Infrastructure Development
Lead Sponsors:
AGENDA
12.20-13.30
Lunch
Ballroom 2&3
13.30-14.20
Panel II: Gilts
What is the likely pattern of issuance for the next year and beyond?
What is the outlook for real, nominal and inflation-linked gilt yields?
How has the Gilts market reacted to the ongoing Eurozone sovereign debt problems?
UK institutional investors are clamouring for more long-dated inflation-linked Gilts – what is the outlook for
the UK linkers programme?
Is the 100 year bond a realistic prospect?
Chaired by: Mike Carrodus, Executive Director, Ned Davis Research Group
Speakers: Frances Hudson, Global Thematic Strategist, Multi Asset Investing, Standard Life Investments
Joanne Perez, Co-Head of Policy and Markets, UK Debt Management Office
Craig Veysey, Head of Fixed Income, Sanlam Private Investments
Ian Williams, Fund Manager, City Financial Strategic Gilt Fund, and Chairman and Chief Executive Officer,
Charteris Treasury Portfolio Managers
14.20-14.40
Coffee Break
Ballroom 2&3
14.40-15.30
Panel III: Issuers in the Non-Gilts Market
Volumes of Sterling-denominated issuance by European issuers were up 45% in Q1 compared to this
time last year – will this continue?
How attractive is the market to non-European issuers?
How liquid is the hedging market?
How strong is investor appetite for increased issuance?
Chaired by: Christopher Garnett, Director, Euromoney Conferences
Speakers: Darryl Bruce, Fund Manager, Brown Shipley
Esa Kallio, Executive Vice President, Deputy to the Chief Executive Officer, Municipality Finance
James Kelly, Deputy Treasurer, Rentokil Initial
Samantha Pitt, Group Treasurer, Network Rail
Thomas Schroeder, Deputy Head of Division, Capital Markets Department, European Investment Bank
Mika Tasa, Senior Manager, Liquidity Management and Funding, State Treasury of Finland
15.35-16.25
Panel IV: Financing UK Companies
Much has been made of the funding shortfall facing corporate Britain if the current limits on credit for
SMEs continue. What will it take to open up the capital markets to SMEs?
Are government plans to open up markets to non-traditional lenders realistic?
What has been the experience to date of those SMEs who have issued corporate bonds?
Have more companies used private placements than the public market?
How realistic and useful are current plans for pooled loan funds to help attract investors to the sector?
Chaired by: Jon Hay, Corporate Finance Editor, EuroWeek
Speakers: Theo Dickens, Managing Partner, Prefequity LLP
Paul Hatfield, Chief Investment Officer, Alcentra
Steve Pateman, Executive Director, Head of UK Banking, Santander UK
Charles Roxburgh, Director, McKinsey Global Institute
16.25
Close of Conference
NB Euromoney Conferences reserves the right to amend the programme and is not responsible for cancellations due to unforeseen circumstances. Euromoney Conferences
accepts no responsibility for statements made orally or in written material distributed by any of its speakers at its conferences. In addition, Euromoney Conferences is not
responsible for any copying, republication or redistribution of such statements.
Lead Sponsors: