Review and preview

Systemic Risk Centre Event
Co-hosted with NUS Risk Management Institute

Date: Tuesday 30th November 2021
Time: 11.00am-12.30pm GMT
Speakers: Bilal Hafeez (Macro Hive), Dixit Joshi (Deutsche Bank AG), Neal Pollard (Ernst & Young), Huw van Steenis (UBS), Suprita Vohra (Barclays), Kathy Yuan (SRC/LSE), Jean-Pierre Zigrand (SRC/LSE)
Chair: Lutfey Siddiqi (LSE & NUS RMI)

In this panel discussion, leading risk practitioners from the global financial system will join LSE academics to take stock of the risk management challenges experienced in 2021 and lessons learnt going into 2022. Did we frame and approach risk in the right manner? What has worked and what has not in 2021? What is it that truly surprised us? What are some of the open questions that we are still grappling with, and academia can help with?  

Bilal Hafeez is the CEO and Head of Research at Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.

Dixit Joshi (LinkedIn) is the Group Treasurer of Deutsche Bank AG, based in London. He held various roles within the organisation, including Head of the Debt Institutional Client Group and Listed Derivatives and Markets Clearing, Global Head of Prime Finance, and Head of Equities for Asia Pacific. Before joining Deutsche Bank in 2010, he held positions at Barclays Capital and Credit Suisse First Boston. He currently serves as a third time board member of the International Swaps and Derivatives Association (ISDA), among the world’s largest financial trade associations, and was an Equities board member of the Association for Financial Markets in Europe (AFME). Mr. Joshi holds a degree in Statistics and Actuarial Science from the University of the Witwatersrand in South Africa.

Neal Pollard (LinkedIn) is partner at Ernst & Young’s cyber practice, where he provides cybersecurity services to global financial services clients.  Prior to joining EY, he was Group Chief Information Security Officer at UBS, leading their global cyber and information security program.  He is also adjunct professor at Columbia University, teaching graduate courses in cybersecurity and risk.  Neal’s background in industry and consulting has focused on managing cyber threats and risks, from tactical and technical operations to Board governance of cyber risk, leading teams on six continents. Prior to consulting, Neal was a U.S. intelligence officer focused on counterterrorism.  He was also Board Director and General Counsel of the Terrorism Research Center, a corporation he founded in 1996.

Huw van Steenis (@huwsteenisis Senior Adviser to the Chief Executive of UBS. Prior to this, Huw was Senior Adviser to Mark Carney, when he was Governor at the Bank of England, leading a wide reaching review on the future of finance. The van Steenis Report led to a five pronged plan for the central bank announced by the Governor in June 2019, which included the first climate change stress tests for financial institutions of a TCFD basisHuw has been recognized as one of the most influential investment strategists. He worked at Morgan Stanley for 14 years spending much of his time there as Global Head Banks and Diversified Financials Research. He is co-Chair of the World Economic Forum’s Global Future Council on Finance, member of the Oxford University Endowment Investment Committee and Trustee of English National Opera.

Suprita Vohra is Managing Director, Banking at Barclays Bank in Singapore. Suprita has spent two exciting decades in financial markets, helping global corporates and institutions navigate their FX & Rates hedging needs. Through 15 years in Barclays, she has straddled multiple roles across Markets and Banking, most recently covering financial sponsors & event driven risk solutions for APAC. Being passionate about continuous learning, she completed her PhD in Finance while working for Barclays, and published a behavioral finance paper in Journal of International Money and Finance 2019.

Kathy Yuan (@zkyuanis Professor of Finance at London School of Economics and Political Science and Co-investigator of the Systemic Risk Centre. She received her Ph.D. in Economics from Massachusetts Institute of Technology. Prior to obtaining her Ph.D., she worked briefly in the Emerging Markets Trading Desk at J. P. Morgan (now JPMorgan-Chase). Her academic research focuses on developing macro-finance and asset pricing theories with liquidity implications in environments with information and market frictions and testing their empirical implications. In the past few years, she has examined how crises spread through international financial markets and how introducing benchmark securities such as treasury bonds or stock indices improves the overall market liquidity. She is currently working on issues related to liquidity and financial stability in bank and non-bank financial institutions including defi, macro implications of digital payment technologies, and developing applied theories of money and public liquidity. She is a member of FMG, CEPR and has also received Houblon-Norman Fellowship at the Bank of England. She has also conducted policy research for central banks and financial market regulators.

Jean-Pierre Zigrand (@JPZigrand) is Associate Professor of Finance, Co-Director of the Systemic Risk Centre and Co-Director of the Financial Markets Group at the London School of Economics. His research interests are in the areas of systemic risk and asset pricing in which he has an extensive publication record. His teaching is principally in quantitative finance at MSc, PhD and executive levels. Dr Zigrand is the director of the LSE MSc Finance executive programme. He is a member of the Bank of England Bank’s Macroprudential Panel - Market Subgroup and has acted as a consultant to private sector financial institutions, to the Luxembourgish Central Bank as well as to regulatory bodies. He has been a Lead Expert to the UK Foresight Team on the Future of Computer Trading. Dr Zigrand has a BA and MA in Economics from the Catholic University of Louvain and a PhD in Economics from the University of Chicago.

Lutfey Siddiqi (@Lutfeys) is Visiting Professor in Practice at LSE IDEAS and Advisory Board member at the Systemic Risk Centre. He is also an Adjunct Professor at the National University of Singapore and advisory board member of the Centre for Governance (CGIO) at NUS business school. He was previously Global Head of Emerging Markets for Foreign Exchange, Rates & Credit at UBS Investment Bank.

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Photo by Dan Smedley on Unsplash