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Meet our Trustee Forum 2008 Manchester Partners






















Harnessing the Power of Pension Trustees

Our most recent Trustee Forum took place at Dexter House in London on the 8th of May.  We are now pleased to bring you details of all of our presenters, their presentations and photographs from the day.

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Meet our line up of experts and view their presentations


Reducing Risk in corporate pensions
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Mark Wood, CEO of pension buy-out company Paternoster, is one of the leading authorities speaking at this year’s Trustee Forum London 2008. He will be explaining the fundamental changes taking place in the defined benefit pension buy-out market and why solvent companies are looking to address their risk management of defined benefit liabilities, including:

  • the key drivers for rapid market growth, including increasing life expectancy
  • preparing for buy-out
  • the options available (full buy-out, progressive buy-out, partial buy-out and buy-out with profit share)
  • the particular considerations for trustees in buy-out decisions
  • case studies and how the buy-out process works in reality.

Learn about investing in developing countries
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Peter Jenkins of Nomura Asset Management UK will address an audience of pension scheme trustees on the topic of investing in the stock markets of emerging countries. Jenkins will investigate the long-term virtues of this asset class and outline some of the opportunities for investors. Peter, who has 20 years of fund management experience, most of which was spent managing equity portfolios in Japan and the Pacific Basin markets, is one of a number of leading authorities who will present at the Engaged Investor Trustee Forum London 2008.

Demystifying the Employer Covenant
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Richard Hall, Director of Pensions Advisory, Gazelle Corporate Finance Ltd Richard Hall is a Director of Pensions Advisory at Gazelle Corporate Finance Ltd, which provides specialist financial advice for trustees and companies around the sponsor covenant. He joined Gazelle from rating agency Standard & Poor’s, where he headed their sponsor covenant business, providing covenant assessments on a wide variety of employers. Prior to this, he worked as a consulting actuary for both Mercer and Watson Wyatt. He participated on the Sponsor Covenant Working Party of the Institute of Actuaries.

The Opportunity and challenges of Diversification; Dealing with the challenges of turbulent markets for DB and DC pensions.
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Robert Hayes, Managing Director, is head of BlackRock's Strategic Advice Services team within the Multi-Asset Portfolio Strategies (MAPS) group. The Strategic Advice Services team advises and educates institutional investors on investment strategies, with a particular focus on liability driven investing.

Mr. Hayes' service with the firm dates back to 2001, including his years with Merrill Lynch investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was head of Strategic Advice Services and, prior to that, was a relationship manager for large institutional clients. Before joining MLIM, he was a partner with Watson Wyatt Partners, and was an investment consultant for large pension funds and institutional investors. Earlier in his career, Mr. Hayes was a UK equity investment manager at ICI Pension Fund and head of institutional investment at M&G Investment Management.

Mr. Hayes earned a BSc degree in mathematics from Southampton University in 1983.

Emma Douglas, Director, Defined Contribution Pension Sales

Ms. Douglas joined BlackRock in 2007 and is responsible for leading the sales efforts of the UK defined contribution pensions team. Prior to joining BlackRock Ms. Douglas was Head of DC at Threadneedle Investments where she played a key role in setting up the DC product range. Ms Douglas has over 20 years’ experience in the financial services industry in a range of marketing, product development, and client relationship and management roles.

Ms. Douglas earned an MA degree in Modern History from Trinity College, Oxford in 1986 and an MBA with distinction from Manchester Business School in 1993.

Portfolio Monitoring and the European Institutional Investor
David R. Scott, managing partner of Scott + Scott, LLP
Scott & Scott, a national complex litigation law firm, advises institutional investors on their rights when corporate fraud causes losses to their investment portfolio and engages in asset recovery associated with those losses. Public pension funds have billions of dollars invested in the securities of publicly traded companies. These investments are exposed to losses due to corporate malfeasance and hundreds have been adversely affected by financial scandals such as the fraud that occurred at Enron and WorldCom. Mr. Scott has participated in recovering billions of dollars and achieving precedent-setting reforms in corporate governance in litigation on behalf of institutional and individual clients.

Scott + Scott, LLP, a leading U.S. law firm with offices in New York, Connecticut, Ohio, California, as well as Washington, DC and international affiliates represents individual and institutional investors worldwide who have suffered from corporate stock fraud. In addition to being involved in complex shareholder securities and corporate governance actions, Scott + Scott also has a significant national practice in antitrust, ERISA, consumer, civil rights and human rights litigation. Through its efforts, Scott + Scott promote corporate social responsibility.

Courts frequently recognize Mr. Scott’s legal skills, appointing him to leadership positions in complex litigation cases. Mr. Scott currently is a court-appointed Lead Counsel in several high profile class actions, including Priceline.com and General Motors.

The Importance of Asset Allocation
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Paul Moody, Head of investment Development, Morley Fund Management
Paul is responsible for leading and managing a team of product specialists across all asset classes. He has personal responsibility for multi-asset funds, asset allocation and structured products. Upon joining Morley in 1990, Paul developed Morley’s SRI ‘Sustainable Future’ range of funds in the UK and Europe. Prior to Morley, Paul worked for NPI which became part of Henderson Investors when NPI was taken over by AMP. He holds a BA (Hons) in Economics, DipPFS (Personal Finance Society Diploma) and the UKSIP Investment Management Certificate.

What, why and how of absolute return investing
Malcolm Jones, Investment Director, Standard life Investments
Malcolm Jones is an Investment Director for Standard Life Investments, responsible for the development and management of fixed income, LDI and absolute return strategies for institutional clients. In his current role, Malcolm also works closely with Investment Consultants on the implementation of client-tailored investment strategies. A Fellow of the Faculty of Actuaries, Malcolm joined Standard Life Investments in 2003, following fifteen years at Aegon Asset Management where he held various key investment roles including Head of US Equities, Head of International Equities and between 1999 and 2003, Head of Fixed Income Investment.

George Emmerson, Investment Director, Standard Life Investment   
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George Emmerson is an Investment Director for Standard Life Investments, responsible for new business development in the Direct UK Institutional pension fund market. In his current role, George works with pension schemes on investment solutions to help them deal with ongoing funding and liability issues. George has over 24 years experience working on investment solutions for corporate pension funds. He joined Standard Life Investments in December 2002. Join our Master Class

The Myths & Realities of Hedge Fund Investing:
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Bruce Thatcher, MD, Client Development, Europe, the Middle East and Africa for Ivy Asset Management

Prior to joining Ivy in August 2002, Bruce was an Associate Director at HSBC Investment Bank plc in London where he was jointly responsible for developing their hedge fund business. Before HSBC, Bruce spent four years at Credit Lyonnais Rouse in London, where he was Head of Alternative Fund Sales and Marketing, and four years as a Portfolio Manager for a London-based hedge fund, managing a multi-currency equity derivative arbitrage fund. He started his career as a proprietary trader at Kleinwort Benson Securities. Bruce graduated in European Business Administration from the Ecole Superieure de Commerce de Reims, France and is also an honors graduate from the Middlesex Business School in London.







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