V Cbonds Emerging Markets Bond Conference

Date: April 14-15, 2016
Venue: London, Sofitel St James (6 Waterloo Place)
For details go to the tab "Conference"

Agenda 

Day 1 (14.04)
Westminster Suite
08:30-09:00 Registration, morning coffee
09:00-09:10 Welcoming address
Sergey Lyalin, CEO, Cbonds Group
09:10-10:30 Macroeconomic and EM fixed income analysts panel
Moderator: Alexander Kudrin, Head of Research, Managing Director, Sberbank CIB
Questions to discuss:
1. Monetary policy across developed markets and its impact on EMs
- How will the Fed rate hike impact the EM Eurobond market? Further rate hike possibilities
- Assessing the ECB’s decision to continue the QE programme
- The BoJ's monetary policy: impact on EMs
- What potential surprises may be expected from leading central banks in 2016?
2. The outlook for EMs for 2016
- The outlook for 2016: inflation, GDP, EM exchange rates
- The BRICS countries: performance of macroeconomic indicators
- New geopolitical risks: sanctions, energy market prices
- The Chinese economic stimulus
3. Key opportunities/investment ideas on EMs in 2016
Neil MacKinnon, Global Macro Strategist, VTB Capital
Gunter Deuber, Head of CEE Research, Raiffeisen Bank
Sebastien Barbe, Head of EM Research and Strategy, Credit Agricole CIB
Sergei Voloboev, Chief Economist, Norvik Group
10:30-11:30 Institutional investors panel
Moderator: Alexey Tretjakov, CEO, Aricapital
Questions to discuss:
1. EM prospects in 2016
- Is the rally sustainable? 
- When and where do you expect correction (or maybe new crash)?
- What are major risks/catalysts of growth?
2. Discussing performance in 1Q16
- Could you share information about the total return of your portfolio in 1Q?
- What investments have contributed the most (the least) to performance?
- Major changes in the portfolio during 1Q
3. Appeal of markets, sectors and segments. Investment ideas
- Russia, CIS, Latin America, Africa, Asia - what are regions of your preference? What regions should be avoided?
- Local bond markets vs Eurobonds
- Top investment ideas
Elena Kolchina, Director, Fixed Income Desk Strategist and Credit Analyst, Renaissance Capital
Konstantin Nemnov, Vice President, Fixed Income Portfolio Strategist, EMEA, State Street
Maxim Vydrine, Portfolio Manager, Amundi Asset Management
Stefan Benedetti, Portfolio Manager, Pioneer Investments
Gleb Shestakov, Managing Director, Global Fund Management
Gaurav Maleri
, Senior Vice President, UTI Asset Management
11:30-12:00  Coffee break
12:00-13:00 DCM panel
Moderator: Ranko Milic, Executive Director, Head of CEEMEA DCM, UBS
Questions to discuss:
- Distinctive features of the EM Eurobond primary market in 2015 and forecasts for 2016
- Opportunities for euro denominated bond issuance taking into account the EU QE programme. What other currencies will be popular in 2016? Relative attractiveness of USD vs EUR vs niche markets (CHF, Asia, local currencies).
- Risks to market access for EM issuers in 2016 (Brexit, oil, interest rates, geopolitics)
- Retrenchment from the market by certain banks given larger issues in the global financial system, impact on EM issuers and market liquidity
- Liability management - we have seen an increase in distressed restructurings (e.g. Ukraine) as well as opportunistic tenders etc. What is the impact of this dynamic? How do investors perceive this trend?
Nicolas Kurt, Executive Director, Debt Capital Markets EMEA, Credit Agricole CIB
Iryna Vyalkova, Director, Debt Capital Markets, UniCredit
Kirill Kondrashin
, Executive Director, Head of Russia and Ukraine DCM, JP Morgan
Yury Kiselev
, Director, CEEMEA DCM, Societe Generale
13:00-13:30 Unibank - Investment opportunity in Armenia
Gagik Zakaryan, Chairman of the Board of Directors, Unibank
George Piskov, Member of the Board of Directors, Unibank
Ararat Ghukasyan, Member of the Board of Directors, Unibank
13:30-14:15 Lunch
14:15-16:45 EM bond market
Moderator: Sergey Lyalin, CEO, Cbonds Group
Konstantin Shulga, Head of International Securities Sales International Sales Team, Moscow Exchange
Fixed Income opportunities at the Moscow Exchange
Denis Ivanov, Deputy Chairman of the Board, International Investment Bank
Opportunities on local CEE debt markets. Experience of the IIB on Slovak, Romanian and Russian markets
Dmitry Yakovlev, Quantitative Financial Analyst, International Monetary Fund
EM domestic sovereign bond markets
Chris Golden
, Chairman, European Bond Commission
Asian bond markets
Ilya Golubov, Senior Analyst, Evrofinance Mosnarbank
Venezuela bond market
Ben Hough
, Head of Corporate Research, BCP Securities
LatAm bond market
Ricardo Gomez, Head Fixed Income Latam, Larrain Vial
Chile bond market: accessibility, taxation, issuers and liquidity
P.V. Rao, Head-Financial Markets, State Bank of Mauritius
Mauritius bond market
Chris Bojanovic, Managing Partner, Capital One
Serbian bond market
Natalja Tocelovska, Head of Brokerage, SEB banka
Baltic states bond markets
16:45-17:15  Coffee break
17:15-18:30 Cbonds platform presentation
Sergey Lyalin, CEO, Cbonds Group
Natalia Rubtsova, Head of International Partnership, Cbonds Group
19:00 Cocktail in Red Lion Westminster Pub
(48 Parliament Street)
Day 2 (15.04)
Piccadilly&Bloomsbury Suite
09:30-10:00 Morning coffee
10:00-11:30 Russian bond market
Moderator: Sergey Lyalin, CEO, Cbonds Group
Nikolay Kashcheev, Head of Research, Promsvyazbank
A global view on the Russian economy
Kirill Tremasov
, Director of Joint Department of Macroeconomic Forecasting, Ministry of Economic Development
The current economic situation and forecast for the Russian economic development
Egor Fedorov, Senior Credit Analyst, ING Commercial Banking
Russian bond market 
Olga Gorokhovskaya, Managing Director, Capital Markets Department, Sberbank CIB
Bonds and Eurobonds of Russian issuers - the arranger's view
Igor Zelezetskii, Managing Director, Structured Finance Ratings Group, ACRA
The rating agency reform and the Russian bond market
11:30-12:30 CIS ans Caucasus region bond market
Moderator: Sergey Lyalin, CEO, Cbonds Group
Isabelle Laurent, Deputy Treasurer & Head of Funding, EBRD
EBRD’s experience in CIS bond markets 
Vitaliy Sivach
, Fixed Income & FX, ICU Investment Banking
Ukrainian bond market
Konstantin Saroyan, General Director, NASDAQ OMX Armenia
Armenian bond market
Otar Sharikadze, Head of Investment Banking, Galt & Taggart (Georgia)
Georgian bond market
12:30-13:00 Coffee break