PostTrade 360° Stockholm 2022

Göran Fors, Deputy Head of Investor Services, SEB

With a bold ambition to create a true capital markets union, the European Union is addressing the vast number of challenges that will first need to be addressed. What will be the focus points in the post-trade area in the coming years, and what processes are already rolling at the European Commission at this moment?

Emiliano Tornese, Deputy Head of Unit, DG Financial Stability, Financial Services and Capital Markets Union, Financial Markets Infrastructure, European Commission

Europe’s CSD space is under transformation from national monopolies to open-market competition, with the four big Nordic markets split between the Euroclear and Euronext groups. Then, in this context, so many trends are rolling in:

• the settlement discipline regime just went live
• the pan-European T2S platform is on track for implementation, in an effort to unify capital markets
• the trends towards harmonization is challenging the regional specialty: the segregated account structure
• the idea of shortening the settlement cycle to T+1 is gaining momentum,
• on the horizon, distributed ledger technology could promise/threaten to replace pretty much the whole thing
• we maybeat an inflection point in history, where we may have to reconsider our positions in many areas

Get on top of all that is going on, and get a glimpse of the future Swedish settlement scene that is taking shape.

Moderator:  Urban Funered, CEO, Swedish Securities Markets Association

Panellists:

Martin Flodén, Deputy Governor, Riksbanken

Göran Fors, Deputy Head of Investor Services, SEB

Roger Storm, CEO, Euroclear Sweden

Alan Cameron, Head of Client Line Advisory, BNP Paribas Securities Services

As the pressure on financial institutions to innovate has intensified, operations teams are being tapped to add value in new ways. Back-office teams who successfully help their organization master data transformation can materially differentiate their firms and create a competitive advantage by better enabling – and even unifying – teams across the enterprise, inclusive of those in the front office.

Explore how leading firms are revolutionizing back- and middle-office functions, how they’ve addressed common challenges, and topics to contemplate as you navigate your own data revolution.

Paula Avraamides, Client Executive, Nordics, BNY Mellon 

Duncan Cooper, Head of OMNI Digital Services, EMEA and APAC, BNY Mellon

Nathan Attrell, Head of Financial Services Practice, EMEA, Snowflake

As earlier sessions have covered, the train towards pan-European competition and increasing consolidation among CSDs has begun to roll. This puts traditional CSDs in a new role where they are simultaneously local and global providers. In this session, top leaders of Euronext Securities, which includes the CSDs in Oslo and Copenhagen, discuss what they and the participants of their markets can expect in the years to come.

Pierre Davoust, Head of Central Securities Depositories, Euronext

Kristine Bastøe, CEO, Euronext Securities Oslo

Niels Hjort Rotendahl, CEO, Euronext Securities Copenhagen

The EU’s equivalence for UK CCPs was just extended to June 2025 – but with an explicit ambition to let EU-based colleagues take over their importance in the meantime. So what’s up next for the clearers and their clients? What struggles lie ahead, and who stand to win or lose? Meanwhile, the industry is getting accustomed to the increasingly central role that clearing has come to play, under various regulations, including the “UMR”. So what gains do we see?Then also: Where should CCP interoperability be going?

Moderator: Gabriel Vimberg, Head of Derivatives Clearing, SEB

Panellists: 

Tim Beckwith, Head of Commercial Services & Business Development, EuroCCP

Brendon Bambury, Head of International Clients Relations & Sales, SIX

Ricky Maloney, Head of Buy Side Fixed Income Sales, Eurex

Joanne Donaghey, Director of Sales and Relationship Management, LCH

Integrated execution and asset servicing has traditionally been a focused solution for US investments by retail clients. How is this evolving with greater global focus on costs and can an integrated solution comply with best execution needs?

Gary O’Brien, Head of Bank and Broker Segment Strategy, BNP Paribas Securities Services

New tech seems able to do anything for us, but it is easy to get lost. This session aims to give an example of how we can zoom in on the parts that we and our clients will benefit from in real life.

Moderator:

Virginie O'Shea, CEO & Founder, Firebrand Research

Panellists:

Nathalie Zeghmouli, Director of Sales,Europe, Contemi Solutions

Duncan Cooper, Head of OMNI Digital Services, EMEA and APAC, BNY Mellon

For each delegate served, PostTrade 360° donates a food package for a refugee through UNHCR.

Over the past decade, the clearing landscape has been transformed, with CCP innovation leading to improvements in the capital and funding requirements for clearing, better customer protection and integrated workflows that enable efficient management of all types of risk. So, is the move to clearing still being driven by regulation? Or has it become an economic choice? And how will CCPs meet growing demand for capital and margin optimisation?

Alex Krunic, Head of EquityClear, LCH Ltd

Sean Quinlan, Strategic Relationship Director, Sales EMEA & APAC, LCH

James Stacey, EquityClear Commercial Services Director, LCH Ltd

Bringing the settlement process and securities inventory into the real-time eye-sight of trading firms is an objective that has been high on the operational agenda through the last years. This requires integration not least between custodians and system providers along the trade lifecycle. The session looks at the example of J.P. Morgan’s Securities Services, whose collaboration with SimCorp serves to enable trade enrichment and workflow integration for mutual clients – which in turn should improve their settlement while reducing risks and costs.

Naveen TV, Managing Director, Global head of Data Strategy and Extended Enterprise, Securities Services, J.P. Morgan

Jochen Müller, Executive Vice President, Managing Director Operations and Accounting Services, SimCorp

The mandatory buy-ins were postponed but the cash penalties for settlement fails are now live. Let’s look at what volumes we see, and how they are managed by the market actors and by the infrastructure organisations  tasked with calculating and performing payment of penalties.

Moderator: Bob Stewart, Executive Director, Institutional Trade Processing, DTCC

Panellists:

Christine Strandberg, Regulatory Manager, Investor Services, SEB

Mike Jones, Head of Securities Operations, LCH Limited

Sachin Mohindra, Executive Director, Goldman Sachs

Quentin Berillon, Network Manager, Euroclear Sweden

Paul Baybutt, Director, Senior Product Manager, Global Middle Office Product, HSBC

In the US, the central securities depository DTCC leads a determined campaign to shorten the settlement cycle for equity trade, from a T+2 basis to T+1. Across the many nations of Europe, a similar move would take a lot of coordination but still seems to be the direction things are going. This session discusses what it means for infrastructures, and how market participants should prepare to maximise the benefits and minimise the hassles.

Moderator: Vinod Jain, Senior Analyst, Capital Markets, Aite-Novarica Group

Panellists:

Lieven Libbrecht, Head of Product, Euroclear

John Abel, Executive Director, DTCC

Kristoffer Sønderlev, Head of Custody & Settlement Products, Euronext Securities Copenhagen

Bill Meenaghan, Director, Product Management, IHS Markit

Technology innovation is enabling new token based financial ecosystems to emerge and will continue to develop at pace in the years to come. Both Digital Assets and Digital Currencies are now becoming more mainstream. Are financial services firms ready for the transformation that will be enabled and how can they steer the direction of travel most relevant for their business and their clients?

John Velissarios, Global Managing Director, Digital Currency Lead, Accenture

Vincent Mele, Director, Digital Currency, Accenture

The multitude of competing technology platforms are one of the forces that hold market infrastructures and participants back from working with tokenised assets. Yet, initiatives including a recent one by SWIFT/SETL and others, seek to create an integrated market by making major DLT environments interoperable enough. Will they make it, if so when, and how does it mean we should act in our operations?

Hugo Sundkjer, Head of Strategy, Business Development & Sales, Tietoevry Banking, Wealth

Vikesh Patel, Head of Securities, Strategy, SWIFT

Claiming to have issued, successfully, “the world’s first digital bond in a fully regulated environment”, the SIX Group announced the launch of its SIX Digital Exchange last November. The issue was made partly as digital tokens, partly as traditional bonds – with the two parts exchangeable to create a portal between the worlds of traditional versus digital assets. Join this session to learn more about the setup, the stakeholders, and the future of your issuance.

Stefan Bosshard, Product Head, Fixed Income, SIX Digital Exchange

Göran Fors, Deputy Head of Investor Services, SEB

Pressure from increased competition, reduced fees, increased regulatory challenges, increased technology costs and shifting product demand are driving an accelerated and urgent review of the way the asset management industry is structured. This session will explore where the Swedish fund industry is now and where it might be heading in future and consider how this impact investment operations.

• Above trends and the pandemic have driven an acceleration of M&A and closure activity in the Swedish fund company market
• The reform to the Swedish Premium Pension System (PPM) has further accelerated the consolidation trend, as fund companies seek to create greater scale in order to defend their existing AUM
• Creating a multi-asset multi-boutique structure vs  combining a best-in-class product set with a strong distribution channel
• At the operations level, duplication in the market creating high long-term bottom line cost overhang
• Acquiring managers are challenged with inheriting different forms of operating models with different service providers – streamlining these and remaining competitive when new asset managers are rapidly growing with a model they just built on a blank sheet of paper with the latest technology

Moderator: Struan Malcolm, Head of  Nordic Sales, Northern Trust

Panelllists:

Ashley Sheen, Managing Director, Sionic

Albin Rosengren, Partner, East Capital

During 2021, the Euroclear group acquired Sweden-based MFEX Group, a global digital fund distribution platform. Euroclear CEO Lieve Mostrey described the new pair as “highly complementary businesses”, looking to “build a stronger fund distribution proposition”. Now, six months after the takeover was completed, what benefits can clients observe?

Sandra Holmqvist, Chief Business Development Officer, Euroclear Sweden

Kristoffer Haake, Country Manager, MFEX Sweden

Email and fax are lovely tools … but not necessarily for communication of fund transactions. While Sweden’s financial firms are very innovative in the market, a large number still handle fund transactions manually with all the unnecessary workload, cost and operational risk that follows. Also, the automation add multiple valuable capabilities in fund distribution. This panel discusses what a service for automated fund transaction management does, and what it takes to get it fully implemented in the industry.

Moderator: Fredrik Lundström, Product Manager, Euroclear Sweden

Katarina Björkander, Head of Fund Operations , Nordnet

Tobie Horne, Product Advisor​, Tietoevry

Miran Bengtsson, Head of Operations, ISEC

Fighting climate change is one of the most important goals on the global political agenda. To achieve it, the EU is taking a leading role in developing regulations, which affect all financial market participants. At the same time there has been a steep increase in demand for sustainable investment products. The presentation will focus on the disclosures from issuers of ESG financial products and how this data can benefit investment firms and other distributors.

Janine Hofer-Wittwer, CFA, Senior Product Manager, Financial Information, SIX

Cyberattacks is an ever-present threat to investment operations – as recently highlighted by the Russia-Ukraine conflict. This session will discuss your best course of action before your business gets a visit by a cybercriminal or suffer from collateral damage.

Moderator: Göran Fors, Deputy Head of Investor Services, SEB

Panellists:

Susanne Öhrn, Information Security & Cyber Risk Manager, SEB

Ronny Sinjari, Risk Manager, SEB

For each delegate served, PostTrade 360° donates a food package for a refugee through UNHCR.

In comparison with many other tech buzz concepts these days, running processes “in the cloud” has already come far in becoming normal practice for many companies. Let’s look at what the pioneers can teach those who have started later, and identify what applications promise the biggest gains as we keep exploring our new IT homeland.

Moderator: Carl Björkman, Senior Customer Executive, SimCorp

Panellists:

Stanley Drasky, Chief Technology Officer, Elgin White 

Jakob Højland, Commercial Director, Cloud Services, SimCorp 

Ayaz Shukat, Industry CTO, Financial Services, Microsoft

The chief operating officer, COO, plays the leading role in many a post-trade organization, just like in all types of large companies. New York-based top executive coach and author Stephen Miles has spent his career looking into precisely what that role is about – and how to adapt it for a perfect fit with the personality of the CEO as well as the specific objectives of the corporation. As a COO, would you see yourself as “the executor”, the “change agent”, the “mentor” or some other of his featured types? Join this session to learn what strategies you have at your disposal, and how to nail the CEO partnership to release the full power of you both as a team.Stephen Miles has been featured in publications such as Forbes, BusinessWeek and the Wall Street Journal, and his writing includes co-authoring the book “Riding Shotgun: The Role of the COO”.

Stephen Miles, CEO, The Miles Group

Göran Fors, Deputy Head of Investor Services, SEB