Middle East Asset Management Forum


The Gulf Hotel, Manama, Bahrain

29 Apr 2019

 

Now in its fourth year, Global Investor Group will again host this not-to-be-missed event, which will welcome more than 180 delegates from the MENA financial services sector.

Staged at Manama’s Gulf Hotel on April 29, panellists will include asset managers, bankers, lawyers, brokers, academics, regulators, and various world-renowned executives.

Together, they will address the main issues, opportunities and challenges facing the industry today. The event’s six sessions will examine the outlook for asset managers, fixed income, regulation, fintech disruption and much more. 

Agenda


8:15  Registration and Networking

9:00  Welcome Address: Global Investor Group

9:10  Keynote Address: Abdul Rahman Al Baker, Executive Director of Financial Institutions, Central Bank of Bahrain

9:30  Are new regulations all what regional markets need?
Presentation by Dr Hasan Yassin,
former senior advisor to the UAE’s Securities and Commodities Authority and ex-CEO of
the Palestine Securities Exchange

10:00 After a tumultuous 2018 on oil markets and Gulf bourses, what now for the region’s asset management sector?

Global economic uncertainty seems to be spurring wealthy Gulf investors to bring some of their money closer to home, repatriating funds to invest in undervalued regional equities.

  • What are asset managers doing to woo clients?
  • What are their preferred sectors and why?
  • And what more could the industry be doing to significantly expand AUM? 
  • How is “"Nitaqat” in Saudi Arabia – which is designed to encourage companies to employ Saudi nationals – affecting financial services in the kingdom and how
    significant are the recent changes to the way this is calculated?
  • Similarly, how is VAT affecting the industry in UAE and Saudi, since its introduction in 2018?
  • And what can Bahrain, which introduced VAT on Jan.1, learn from the experiences of its neighbours?

 Moderator: Selloua Chakri, Managing Director, SCL Advisory Limited

Speakers: 

Asim Bukhtiar, Head of Research, Saudi Fransi Capital
Charles-Henry Monchau, Managing Director, CIO & Head of Investments, Al Mal Capital
Stephen Vineburg,
 Chief Executive Officer, ASMA Capital
Glyn Gibbs, 
Regional Head of Business Development, Apex Fund Services

 

10:40  Fixed income outlook, with a focus on sukuk. Sharia-compliant debt issuance fell last year from 2018’s all-time high as a rebound in oil prices reduced Gulf
sovereigns’ borrowing needs.

  • Why are regional corporates are increasingly turning to sukuk as means to diversify their sources of funding?
  • What we can expect for sukuk markets in the rest of 2019 as U.S. interest rate rises slow?
  • What more can be done to persuade issuers to opt for sukuk, rather than conventional bonds?

Moderator: Matt Smith, Global Investor Group

Speakers:

Bashar Al Natoor, Global Head of Islamic Finance, Fitch Ratings
Mohamed Damak, Senior Director Financial Services, Global Head of Islamic Finance, S&P Global Ratings
M.R. Raghu, Managing Director, Marmore MENA Intelligence
Raffaele Bertoni, Head of Fixed Income Investment, Gulf Investment Corporation
Ali Marshad, 
Head of Fixed Income Asset Management, SICO

 

11:20  Coffee and Networking Break

 

12:00  Robo-advisors – opportunity or threat?

Mutual fund penetration in the Gulf is very low versus developed markets despite the region’s abundant wealth. This in part due to the high expat population, which appears reluctant to invest locally.

  • Can robo-advisors help increase regional AUM?
  • What impact are the likes of the UAE start-up Sarwa, which offers various funds that charge a fraction of the normal fees, have on the asset management sector?
  • What are the biggest hurdles to more widespread consumer adoption of robo-advisory services?
  • Will fintech companies cannibalise revenues from conventional fund managers or could robo-advisors significantly expand regional AUM and acquire customers that otherwise
    would not consider investing in mutual funds?
  • What are banks and other financial institutions doing in response to the threat posed by the new fintech entrants?

Moderator: 
Matt Smith, Global Investor Group

Speakers: 

Matt Gamble, Director, Capital Markets Intermediaries, ADGM Financial Services Regulatory Authority
Emilio Escartin, Professor of Islamic Finance, IE Business School Spain & ESIC
Tareq Al-Saleh, Assistant General Manager of Investments, Gulf Bank
Yacoub Nuseibeh,
Co-founder & COO/CFO, WealthFace 

 

 

12:40 - 12:50 Asset Management sector presentation
Ebtisam Al Arrayedh,
Director - Financial Institutions Supervision Directorate, Central Bank of Bahrain

12:50 - 13:00 Capital Markets sector presentation
Abeer Al Saad, 
Director – Capital Markets Supervision Directorate, Central Bank of Bahrain

13:00 - 13:10 Q&A session
Ebtisam Al Arrayedh, Director - Financial Institutions Supervision Directorate, Central Bank of Bahrain
Abeer Al Saad, Director – Capital Markets Supervision Directorate, Central Bank of Bahrain

 

 

13:10  Real estate outlook – Returns from Bahrain’s retail and hospitality sectors are outperforming residential real estate, while the UAE’s once-buoyant property market
seems set for a further spell in the doldrums as the long-predicted pre-Expo rally fails to materialise due to oversupply and a lack of demand.

  • What is the investor outlook for Gulf real estate?
  • Where should institutional and individual investors consider buying and what types of real estate investments are likely to outperform?
  • How are Saudi market reforms helping ease supply-demand imbalances, tackle high land prices and improve affordable housing availability?
  • Saudi has also seen a flood of REIT listings, but in other Gulf market there are few REIT options for investors – what are the prospects of Gulf REITs becoming a major
    alternate asset classes and what is the main challenges/opportunities relating to them? 

Moderator: 
Matt Smith, Global Investor Group

Speakers: 

Turki Al-Fozan, Executive Director, MEFIC Capital
Andrew Thomson, Partner, Real Estate, Eversheds Sutherland
Ali Kassab, Chairman, Centurion & Co.
Amin Al Arrayed, 
Chief Executive Officer, Edamah Bahrain Real Estate Investment 



13:50 Lunch 

15:00  Close of Conference

 

Speakers


 

Turki Al-Fozan, Executive Director, MEFIC Capital
Bashar Al Natoor,
Global Head of Islamic Finance, Fitch Ratings
Tareq Al-Saleh,
Assistant General Manager of Investments, Gulf Bank
Raffaele Bertoni,
Head of Fixed Income Investment, Gulf Investment Corporation
Asim Bukhtiar,
Head of Research, Saudi Fransi Capital
Selloua Chakri,
Managing Director, SCL Advisory Limited
Mohamed Damak,
Senior Director, Global Head of Islamic Finance, S&P Global Ratings
Emilio Escartin,
Professor of Islamic Finance, IE Business School Spain & ESIC
Matt Gamble,
Director, Capital Markets Intermediaries, ADGM Financial Services Regulatory Authority
Ali Kassab,
 Chairman, Centurion & Co
Charles-Henry Monchau,
Managing Director, CIO & Head of Investments, Al Mal Capital 
M.R. Raghu,
Managing Director, Marmore MENA Intelligence
Andrew Thomson,
Partner and Head of Real Estate Practice, Eversheds Sutherland
Stephen Vineburg, 
Chief Executive Officer, ASMA Capital 
Ali Marshad,
 Head of Fixed Income Asset Management, SICO
Abdul Rahman Al Baker, 
Executive Director of Financial Institutions, Central Bank of Bahrain 
Amin Al Arrayed, 
Chief Executive Officer, Edamah Bahrain Real Estate Investment
Yacoub Nuseibeh
,Co-founder & COO/CFO, WealthFace 
Ebtisam Al Arrayedh, 
Director - Financial Institutions Supervision Directorate, Central Bank of Bahrain
Abeer Al Saad, 
Director – Capital Markets Supervision Directorate, Central Bank of Bahrain
Hasan Yassin,
Former Senior Advisor to SCA, UAE & ex-CEO, Palestine Bourse 
Glyn Gibbs,
Regional Head of Business Development, Apex Fund Services





Event Partner


Central Bank of Bahrain

 

 

 

The Central Bank of Bahrain (CBB) is a public corporate entity established by the 2006 CBB and Financial Institutions Law. It succeeded the Bahrain Monetary Agency,
which had previously carried out central banking and regulatory functions since its establishment in 1973. 

The CBB inherits the BMA's 33-year track record and wide range of responsibilities, including the implementation of the Kingdom's monetary and foreign exchange policies.
The CBB also manages the government's reserves and debt issuance, issues the national currency and oversees the country's payments and settlement systems. It is the 
sole regulator of Bahrain's financial sector, covering the full range of banking, insurance, investment business and capital markets activities.

The CBB's wide scope of responsibilities allows a consistent policy approach to be undertaken across the whole of the Kingdom's financial sector. It also provides a
straightforward and efficient regulatory framework for financial services firms operating in Bahrain.

 

Sponsors


ASMA Capital

 

 

ASMA Capital is an asset management firm licensed and regulated by the Central Bank of Bahrain and is the manager of the IDB Infrastructure Fund II (“IDB Fund II”).
Key sovereign institutions are both shareholders of ASMA Capital and also investors in the Fund:

Islamic Development Bank (IDB), Kingdom of Saudi Arabia
Public Pension Agency (PPA), Kingdom of Saudi Arabia
Public Investment Fund (PIF), Ministry of Finance, Kingdom of Saudi Arabia
Ministry of Finance, Kingdom of Bahrain
Ministry of Finance, Sultanate of Brunei Darussalam

The Management Team is able to leverage off its strong network and strategic relationships with leading business groups and governments.
The IDB Fund II is an infrastructure platform with an emerging markets focus across the Middle East, Asia, CIS and Africa.
The IDB Fund II seeks to invest in Power & Energy, Transportation & Logistics, Telecom Infrastructure, Water & Waste and Social Infrastructure (Education and Healthcare).
The IDB Fund II has US$750million of committed capital from investors.

ManafSoft 

 

 

ManafSoft was founded in 1995, since then, it has evolved into one of the major regional providers for Brokerage, Shareholders, Asset and Fund Management,
FATCA, AML, and KYC solutions in GCC and MENA region. Our clients vary from brokerage firms, banks, public shareholding companies and asset management firms.
We owe our success to the strong commitment, expertise and professionalism of our team, and the loyalty and confidence our customers have bestowed upon us.

Facts:

  • A very powerful presence in the GCC and MENA region.
  • Round the clock local support to all our clients.
  • The first company to sign agreements for providing brokerage, order management, online trading, and IPO systems in the Libyan, Syrian and Iraqi markets.
  • Deep understanding of the region’s capital markets and the evolution they have gone through over the past 24 years.

Sico 

About SICO

SICO is a leading regional asset manager, broker, and investment bank, with USD 1.9 bn in assets under management (AUM). Today SICO operates under a
wholesale banking licence from the Central Bank of Bahrain and also oversees two wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO
Financial Brokerage and a specialised regional custody house, SICO Fund Services Company (SFS). Headquartered in the Kingdom of Bahrain with a growing
regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions,
including asset management, brokerage, investment banking, and market making, backed by a robust and experienced research team that provides regional insight
and analysis of more than 90 percent of the region’s major equities. Since inception in 1995, SICO has consistently outperformed the market and developed a solid
base of institutional clients. Going forward, the bank’s continued growth will be guided by its commitments to strong corporate governance and developing trusting
relationships with its clients. The bank will also continue to invest in its information technology capabilities and the human capital of its 100 exceptional employees.

 

 

 

 

Media Partners


Argaam

 أرقام الاستثمارية هي شركة سعوديه متخصصة في تزويد و نشر البيانات و المعلومات 
المالية و الاقتصادية التي تهم المستثمرين وصناع القرار في السوق السعودي كانت
البداية في  عام 2007 ، ومنذ ذلك الحين وأرقام تقوم بدور ريادي في رفع مستوى
الوعي الاستثماري وتعزيز شفافية الاسواق ، من خلال توفير المعلومات الصحيحة و 
الدقيقة بالشكل المناسب في الوقت المناسب للمستثمرين و صناع القرار

تعتبر بوابة أرقام الوجهه الأولى للباحثين عن المعلومات المالية والتحليلات الاقتصـادية
الدقيقة والمتعلقـة بالشـركات المدرجة في أسـواق الأسـهم السعودية.

Argaam Investment Company is Saudi Arabia's leading provider of financial news and intelligence. The company was incorporated in Saudi Arabia in 2007.
Since then, it has played a leading role in raising investment awareness and improving market transparency in the Kingdom and beyond.

Accurate news reporting, objective coverage and insightful analysis of markets have become the cornerstones of the Argaam's brand, since inception.

 

Venue


 

Gulf Hotel Bahrain

Building 11 Road No 3801

Manama

Bahrain