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TradeTech Middle East
May 10 - 11, 2010
Park Hyatt, Dubai, UAE

Conference Day 2

Tuesday 11th of May 2010
8:30 Registration & Morning Networking
Registration & Morning Networking
9:00 Chairman’s Opening Remarks
Catherine Doherty, Regional CEO, Investit MENA
Chairman’s Opening Remarks
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Catherine Doherty
Regional CEO, Investit MENA
9:10 Economists ThinkTank Through The Crystal Ball – How Can We Expect To See The Middle East Recover From The Financial Crisis And Which Countries Offer The Greatest Potential For Investors?
Dr Nasser Saidi, Chief Economist, DIFC
Jarmo Kotilaine, Chief Economist, NCB Capital
Simon Williams, Chief Economist, HSBC Middle East
2008 and 2009 were turbulent months for the global economy. The Middle East did not escape the economic fallout and the Dubai World bailout has left many investors nervous. To discuss what this means for the region our economic session covers:
  • How can we expect to see the Middle East’s equity markets recover over the next 12 months?
  • Analysing the effectiveness of measures taken by the Middle East’s governments to lift the region out of recession
  • Discussing the inter-relationship between:
    • the different the Middle East markets
    • Middle East and the global economy
  • Evaluating the ongoing impact of oil and real estate on the economic health of the Middle East
  • Determining what infrastructure requirements are needed to facilitate economic growth
  • How can MENA raise its status amongst investors? Examining what needs to improve in the areas of
    • free float
    • FOL (Foreign Ownership Limits)
    • FIF (Foreign Inclusion Factor)
    • DIF (Domestic Inclusion Factor)
    • ATVR (Average Traded Value Ratio)
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Dr Nasser Saidi
Chief Economist, DIFC

Dr. Saidi is a former Minister of Economy and Trade and Minister of Industry of Lebanon (1998-2000), and former First Vice-Governor of the Central Bank of Lebanon (1993-2003). He is a Member of the UN Committee for Development Policy and has had a distinguished career as an economist having served as economic adviser and director for various government organizations, central banks and financial in [read more]
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Jarmo Kotilaine
Chief Economist, NCB Capital
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Simon Williams
Chief Economist, HSBC Middle East
10:10 Delivering Absolute Returns By Creating Algorithmic And Systematic Trading Platforms For Improving Execution Across GCC Markets
Gerard O’Neil, Head of Systematic Trading, Daman Investments
Before joining Daman Investments Gerry was head of trading at ABN Amro. Gerry has brought his expertise to Daman Investments where they are introducing some groundbreaking algorithmic trading models. In his presentation Gerry discusses:
  • Outlining the status of algorithmic trading in the GCC
  • How does a trade done via algorithmic trading work in practice?
  • Discussing the challenges of using algorithmic trading platforms in the GCC – how can they be overcome?
  • Understanding how algorithmic trading can be used to manage and mitigate risk
  • Evaluating what initiatives are brokers servicing MENA doing to improve the algorithmic trading service offerings
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Gerard O’Neil
Head of Systematic Trading, Daman Investments
10:40 Morning Refreshment & Coffee Break

Including Emerging MENA Markets Birds Of A Feather Sessions on Syria, Libya, Iraq and Oman

In the exhibition area there will be marked tables with the flags of each of the above country. To learn more about the key market issues going on there and to network with other like minded participants just go to that table to get first hand information as well as some structured networking with like minded individuals.
11:20 Enabling Access And Connectivity To The Middle East– How And Where Can Domestic Brokers Add Value?
Khaled W. Kurdieh, General Manager, Abu Dhabi Islamic Financial Services
Mohammed Ali Yasin, Chief Executive Officer, SHUAA Securities
Mohammad Jamal, CEO, Daman Securities
Fouad Darwish, Head Institutional Sales & CS, ADFS
Many domestic brokers are seeking to increase market share by offering new services and access to countries in an effort to become a ‘one stop shop’ for international brokers and asset managers looking to trade MENA. In this session we examine how successful they have been at achieving this including:
  • Evaluating what new services domestic brokers are introducing to improve connectivity and access for their clients
    • innovations in online and electronic trading
    • market access
    • research and local knowledge
    • dealing with demands for more sophisticated products and trading instructions
    • effectively servicing retail clients
    • new services such as margin lending
  • How can domestic brokers facilitate cross border trading within MENA?
  • What has been the impact of domestic broker consolidation in some MENA markets on serving market participants?
  • Identifying which MENA markets offer the greatest potential to participants
  • What practical measures can local brokers undertake to reduce the cost of trading for their clients
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Khaled W. Kurdieh
General Manager, Abu Dhabi Islamic Financial Services
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Mohammed Ali Yasin
Chief Executive Officer, SHUAA Securities
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Mohammad Jamal
CEO, Daman Securities
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Fouad Darwish
Head Institutional Sales & CS, ADFS
12:00 Fund Manager Investor Perspective On The Middle East: Where Do The Greatest Opportunities Lie And How Do They Perceive The Value Of Trading In Achieving This?
Saleem Khokhar, Senior Fund Manager, National Bank Of Abu Dhabi
Deon Vernooy, Senior Executive Officer, EIS Asset Management
Rami Sidani, Head of MENA Portfolio Management, EIS Asset Management
Nabeer Abdul Kareem, Director - Head of Asset Management, Capinnova Investment Bank
To round off this morning’s session we welcome some of the most respected asset managers in the region to discuss their investment outlook for the region and how it translates into trading opportunities. Topics covered include:
  • Determining which countries and in which sectors do Middle East focused managers see the greatest opportunity over the next 12 months
  • Examining the relationship between the portfolio management function and the trading function in asset management companies
  • Identifying what criteria is used when measuring the effectiveness of the trading function by fund managers
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Saleem Khokhar
Senior Fund Manager, National Bank Of Abu Dhabi
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Deon Vernooy
Senior Executive Officer, EIS Asset Management

Deon Vernooy has been involved in the asset management industry in a variety of roles over the past two decades. He started his career in 1988 in South Africa as an equity analyst in the aftermath of the 1987 meltdown on world equity markets. This role was followed by senior roles in investment strategy, portfolio management and general management. He is a qualified Chartered Financial Analyst and [read more]
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Rami Sidani
Head of MENA Portfolio Management, EIS Asset Management
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Nabeer Abdul Kareem
Director - Head of Asset Management, Capinnova Investment Bank
12:40 Examining The Benefits Of FIX Connectivity Across The Region
Stuart Adams, EMEA Regional Director, FIX Protocol
FIX is a global electronic trading connectivity standard. We’re delighted to welcome Stuart Adams whose presentation covers:
  • Identifying and understanding the drivers for implementing FIX
  • How the region is preparing for change – is your organization prepared?
  • The benefit potential of FIX how you will gain
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Stuart Adams
EMEA Regional Director, FIX Protocol
13:10 Extended Lunch & Networking Break Including Emerging MENA Markets Birds Of A Feather Sessions on Egypt, Kuwait, Qatar and Bahrain
Dr Bob Currie, Editorial Director, FSR Financial Services Research
In the exhibition area there will be marked tables with the flags of each of the above country. To learn more about the key market issues going on there and to network with other like minded participants just go to that table to get first hand information as well as some structured networking with like minded individuals
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Dr Bob Currie
Editorial Director, FSR Financial Services Research

Bob Currie is Editorial Director and co-founder of Financial Services Research, a quarterly journal that reports on investment performance, risk and operational efficiency in the financial services industry. Prior to his current role as financial commentator, Bob worked for much of the 1990s as lecturer and researcher in the UK university sector, specialising in international political economy and [read more]
14:20 Facilitating The Debt Market In The Middle East – What Are The Opportunities For Investors And Traders?
Catherine Doherty, Regional CEO, Investit MENA
Francis Beddington, Head of Research, Insparo Asset Management
Nish Popat, Head of Fixed Income-Middle East, ING Investment Management
Mohieddine Kronfol, Managing Director, Algebra Capital
  • Reviewing the domestic bond market across the Middle East
  • Understanding the tools and techniques required:
    • issuance policy
    • market origination
    • transparent pricing
    • "market making"
    • efficient settlement
    • standard repo
  • Unlocking natural sources of demand (commercial banks, insurers, pension funds, collective investment schemes,the public)
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Catherine Doherty
Regional CEO, Investit MENA
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Francis Beddington
Head of Research, Insparo Asset Management
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Nish Popat
Head of Fixed Income-Middle East, ING Investment Management
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Mohieddine Kronfol
Managing Director, Algebra Capital
15:00 Developing A Blueprint For Good Corporate Governance And Transparency In The Middle East
Nick Nadal, Director, Hawkamah Institute for Corporate Governance
A key concern that foreign investors and brokers have with trading the Middle East is the lack of transparency and good corporate governance. This in turn affects the frontier/emerging market status of the Middle East which in turns affects the willingness of asset managers to invest in Middle East stocks. Can this cycle of mistrust be broken? Issues discussed in this presentation include:
  • Outlining the main transparency and corporate governance problems faced by participants and their implications:
    • late to non-existent financial reporting in some countries
    • concerns over front running and insider trading
    • lack of readily available information in English
  • Detailing the measures being undertaken by market participants to improve corporate governance and transparency
  • Evaluating the effectiveness of regulatory measures undertaken so far
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Nick Nadal
Director, Hawkamah Institute for Corporate Governance
15:30 Afternoon Refreshment & Coffee Break Including Egypt Discussion Roundtable
Learn more about the trading opportunities in Egypt with like minded individuals
16:00 Post Trading Considerations : Reviewing The Changing Role Of Custodians In The Middle East Trading Marketplace
Brian Blanchard, Sales Manager MEA, BNY Mellon
For our final sessions of TradeTech Middle East we examine the often overlooked buy key topics of custodians and settlement. To give us an overview of the changing role of the custodian we welcome Brian Blanchard, Sales Manager MEA for BNY Mellon to discuss:
    What is the current status and role of custodians across the Middle East?
  • Understanding the role of the custodian in the following areas:
    • trading and settlement process
    • securities lending
    • transparency and financial reporting
  • What regulations and controls are in place to protect the investor?
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Brian Blanchard
Sales Manager MEA, BNY Mellon
16:30 Dealing With Cumbersome Clearing And Settlement Processes And Issues In The Middle East
Sido Bestani, Regional Head for MENA, SWIFT
Sido has been regional head of MENA for SWIFT since January 2008. In this presentation Sido outlines some of the key settlement issues covering:
  • Reviewing transaction payment processing systems and how they operate in the Middle East
    • understanding how the delivery versus payment concept works in the Middle East
  • Understanding how the settlement processes differ across the Middle East
  • Overcoming the challenges of administering trades across different countries
    • what are the additional problems of settling in different currencies?
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Sido Bestani
Regional Head for MENA, SWIFT

Born in Algeria where he’s lived for ten years, moving to Abu Dhabi and then Paris, Sido earned a BS in Mathematics and a Master in Mechanical Engineering. He began his career as an IT consultant then worked as a trader for insurance company Coface. From there, Sido joined Swift for five years first as an instructor in training and later in Sales. He left Swift to join Caceis (former IXIS IS) in P [read more]
17:00 Chairman’s Closing Remarks
Chairman’s Closing Remarks
17:10 Close of Conference
Close of Conference
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