Keith Wade
Schroder Investment Management
Keynote Speaker
5th edition of the biggest investment conference in Poland has ended!
March 17th, 2015 / Warsaw / Crowne Plaza
conference organizer 
Conference
Speeches
Deposits vs investment funds
09:10 - 09:35
Deposits vs investment funds
Marcin Iwuć
A set of practical advices, that help to point out the advantages of investment funds and deposits. Marcin Iwuć will reveal not only how to persuade the client to the investment funds, but also how to make the decision conscious, fitting his goals and investment profile.
Macroeconomic outlook - where is the global economy heading to?
09:35 - 10:20
Macroeconomic outlook - where is the global economy heading to?
Keith Wade
One of the main goals of macroeconomy is forecasting the future events, so that the economic policy can be pursued on the basis of past experiences, and the historic mistakes are never to be repeated. Nowadays it is very difficult to do so, mostly due to unusual situation in Estern Europe, and unprecedented activity of the central banks. How an investor can therfore handle such difficult times? Our special guest, an expert in macroeconomics, will drive the Participants through the forecasted scenarios of global situation development and explain the most important trends and its influance at global momentum.
Client's decisions, as a barometer of a trend - investment fund's net flow strategy
10:20 - 10:45
Client's decisions, as a barometer of a trend - investment fund's net flow strategy
Piotr Antosiewicz
20 years of Polish market's history proves, that investors tend to buy at peaks. During our first Fund Forum we have presented "Buying historical returns" as one of the most commonly made mistakes. This time we are going two steps ahead. We have tested whether it is possible to adapt a successfull investment strategy on the basis of client's current decisions, which in terms of investment funds, are reflected by net flows. Can client's decision serve as investment hint? How can we use it? Piotr Antosiewicz will reveal strategy details.
Are the dividend funds worth our money?
11:30 - 11:50
Are the dividend funds worth our money?
James Lamont
Investing in high dividend companies proves to be popular at the developed markets. What accually makes it so attractive? How to assess dividend stocks investment funds? Which features differing them from plain investment funds are key for investors? Answers to the above stated questions are the compendium for advisors offering or willing to offer such products.
A fund working like a bond - income funds in Poland and abroad
11:50 - 12:15
A fund working like a bond - income funds in Poland and abroad
Elia Soutou
Investors often associate coupon with the debt instruments. However, there is a growing segment of investment funds, that provide regular income, instead of focusing only on capital gains. We therefore look inside income funds, discovering their advantages, as they may become much popular at the Polish market.
Is there anything more to "squeeze out" of the bond market?
12:15 - 13:00
Is there anything more to "squeeze out" of the bond market?
Dariusz Lasek
Witold Garstka
Rafał Lis
Tomasz Stadnik
Michał Duniec
In 2014 the debt market investors gained substantialy, as the year ended with record low WIBOR rate and historically low NBP reference rate. Current conditions do not support bond's high returns. Meanwhile, the Poles have already allocated over 40 bln PLN in debt funds. Our panel participants will present most important factors driving the trends at both Polish and foreign debt market.
Investment ideas for today - where and what to invest?
14:00 - 14:45
Investment ideas for today - where and what to invest?
Sebastian Buczek
Tomasz Korab
Marcin Mierzwa
Robert Stanilewicz
Searching for investment inspiration seems to be challenging for several reasons. First, historically low interest rates in Poland may change investor's point of view. Second, new economic envoirnment may imply a new approach toward portfolio's asset selection. Our experienced guests, making decisions for their clients on a daily basis, will share their ideas. Robert Stanilewicz - the inventor of „Milion w Portfelu” program at TVN BiŚ will be a host of the discussion panel.
Suprisingly easy way to win against the equity market
14:45 - 15:05
Suprisingly easy way to win against the equity market
Michał Cichosz
Every financial advisor will agree that its easy to get lost in everyday macro data, market comments and numerous forecasts. Are we therefore forced to go with the flow? Just the opposite! Cutting off the everyday market deliberations and applying simple and empirically confirmed way of stock selection may result in huge gains. What is the secret of modern selective management strategy?
Portfolio construction - what to never forget?
15:30 - 15:55
Portfolio construction - what to never forget?
Rafał Matulewicz
Investment success fully depands on our decisions determinating the structure of the portfolio. Adequate portfolio is therefore fundamental to our future investments. Does the structure always depend on the right factors? What mistakes to be aware of? How seriously the central banks influence our portfolios? Rafał Matulewicz will help us to take a different perspective, and look at the portfolio as a function of financial market cycles.
Parameters that still forecast the trend changes well
15:55 - 16:25
Parameters that still forecast the trend changes well
Wojciech Białek
No one can doubt today, that we have never had such a business cycle in Polish economy. Together with Wojciech Białek we seek for tools, that despite the unusuall market environment still can work as hints for investors better than others.
Conference newspaper - 5th edition of Fund Forum Analiz Online (only in Polish)
Speakers
Piotr Antosiewicz
Analizy Online
Wojciech Białek
Centralny Dom Maklerski Pekao
Sebastian Buczek
Quercus TFI
Michał Cichosz
Skarbiec TFI
Michał Duniec
Analizy Online
Witold Garstka
BZ WBK TFI
Marcin Iwuć
FBO
Tomasz Korab
EQUES Investment TFI
James Lamont
BlackRock Investment Management
Dariusz Lasek
Union Investment TFI
Rafał Lis
Credit Value Investments
Rafał Matulewicz
PKO TFI
Marcin Mierzwa
Alior Bank
Elia Soutou
Fidelity Worldwide Investment
Tomasz Stadnik
TFI PZU
Robert Stanilewicz
TVN24 Biznes i Świat
Keith Wade
Chief Economist | Schroder Investment Management
Keynote Speaker
At Schroder Investment Management for over 26 years, currently as Chief Economist and strategist. He is responsible for Schroders macroeconomic forecasts and analysis as well as work of the Group Asset Allocation Committee. Regular contributor to the TV and press. A graduate of economy at London School of Economics. Member of the UK Society of Investment Professionals (UKSIP) and the Society of Business Economists. He is a holder of the UK Investment Management Certificate (IMC), granted by CFA Society.
Piotr Antosiewicz
Head of Sales | Analizy Online
At the capital market since 1997. He has gained experience at insturance and investment companies as well as banks, in the area of sales and investment communication. A speaker, coach and sales practician, providing training for various distributors, including banks, insurance companies, securities brokers and independent intermediaries. An experienced sales manager in international envoirnment.
A graduate of Warsaw School of Management in Marketing and Management as well as several capital market and sales courses. Master NLP.
Wojciech Białek
Chief Analyst | Centralny Dom Maklerski Pekao
Chief Analyst at CDM Pekao. A graduate of computer science at Jagiellonian University in Cracow faculty of Mathematics and Physics. Author of numerous comments and articles concerning financial markets since 1995, when he has began his career as an analyst (first at brokerage houses in Cracow, since 1999 at SEB TFI). Autor of successful blog since 2008.
Sebastian Buczek
CEO | Quercus TFI
Warsaw School of Economics Ph.D, licensed Securities Broker and Investment Advisor.
In 1996 worked as an Investment advisor in Advisory and Analysis Department at Bank Handlowy Capital Operations Centre. From 1996 to 2007 an employee at ING Investment Management (Polska) S.A. as Vice President of the Management Board (since June 2002) and a President of the Management Board (since April 2006). Between 1999 and 2007 at ING TFI as a member of the Management Board (since 1999), Vice President of the Management Board (since June 2002) and a President of the Management Board (since April 2006). From 1999 a research worker at Warsaw School of Economics Collegium of Business Administration (Associate Professor since 2009). From 1998 until 2002 a member of the Management Board at Polish Association of Brokers and Investment Advisers. Since 2011 a member of Supervisory Board at Navigator Capital S.A. From August 2007 a CEO, General Director and Director of Investment Department at Quercus TFI S.A.
Michał Cichosz
Portfolio Manager in Asset Management Department | Skarbiec TFI
A graduate of Poznań University of Economics and Business (Capital Investments and Financial Strategies of Enterprises). A CFA Charterholder since 2009.
He has began his career at BZ WBK Brokerage House in 2005, as an Inspector and an Analyst afterwards. From 2008 to 2010 at Aviva Investors Poland, managing equity portfolios and providing analysis of companies from construction, consumer and media sectors. Since January 2011 at Skarbiec TFI as Portfolio Manager in Asset Management Department, with a specialty in foreign market stock selection.
Michał Duniec
CEO, Research & Analysis Department Director | Analizy Online
President of Management Board of Analizy Online. A graduate of Warsaw University Faculty of Management, as well as Vlekho Business School in Brussels. Since the beginning of his professional career in the investment fund market, first at Bank Zachodni WBK, Investment Fund Managers, later as Analyst, Senior Analyst and Director of Analysis Department at Analizy Online. He has gained experience in project management and as a Team Leader at Analizy Online S.A. A prelegent and coach providing courses for salesmen. Licenced securities broker (no. 2868) and a graduate of I CAN Institute (Harvard Business Review) First Time Manager program.
Witold Garstka
CIO | BZ WBK TFI
A graduate of Poznań University of Economics and Business (Marketing & Management, specialty Capital Investments and Financial Strategies of Enterprises). At BZ WBK Asset Management SA since the very beginning of his career (2000), first as an Financial Analyst. In 2002 he obtained the Investment Advisor license and a position of Head of Debt Market. CIO since october 2014.
Marcin Iwuć
Economist, the author of "Finanse bardzo osobiste" blog | FBO
Over 11 years of professional career in financial industry. CFA Charterholder since 2009. Author of one of the most popular Polish financial blogs - "Finanse bardzo osobiste" and "Jak zadbać o własne finanse? " book.
He has began his career as a member of Managers Development Program at Grupa ING. Project Manager, Branch Director, Financial Director at Bank Hipoteczny and Commercial Real Estate Financing Director. Since July 2009 at ING TFI responsible for investment products development, marketing, investment communication and online distribution.
Tomasz Korab
CEO | EQUES Investment TFI
A graduate of Warsaw School of Economics Finance and Banking. Licensed Investment Advisor (no. 167), and Securities Broker (no. 1581). He began his professional career in 1997 as Securities Broker at Bank Handlowy S.A. in Warsaw. Then responsible for client relationships at CAIB Investment Management S.A., including client's investment strategies advisory. Between 2001 and 2003 Investment Advisor and Portfolio Manager Deputy Director at BRE Asset Management S.A., responsible for equity and hybrid portfolios. Until 2004 Member of the Management Board and Director at Navigo Consulting Sp. z o.o. (private consulting company, providing financial management, capital operations and investment advisory service for private and corporate clients).
Initiator, co-funder and shareholder of OPERA Towarzystwo Funduszy Inwestycyjnych S.A. Since 2004 Member of the Management Board and Vice President afterwards. From 2007 to 2010 General Partner at OPERA-Kwiatkowski i Wspólnicy S.K.A. (fund and individual client's portfolio management company). Joined EQUES Investment TFI S.A. in November 2011, as Vice President of the Management Board. CEO since September 2014.
James Lamont
Managing Director | BlackRock Investment Management
Managing Director, is a member of the Fundamental Equity division of BlackRock's Alpha Strategies Group. He is the lead product strategist for the Global Equity team, providing a link between the investment team and account managers. In this role, Mr. Lamont is responsible for developing strategic plans around the Global team franchise which includes business development, product development and working with the global sales teams.
Dariusz Lasek
Debt Instruments Investment Director | Union Investment TFI
Graduate of the Maria Curie-Skłodowska University. He completed his PhD in the Warsaw School of Economics. He began his career in capital market in 1998 at the Penetrator brokerage house as an assistant stock broker. In the years 1998-2001 he gained experience as a debt market analyst and chief economist at Commercial Union life insurance company and Commercial Union Investment Management.
He joined Union Investment TFI in 2002, being respnsible for managing debt funds. Since 2006 Head of Fixed Income Department.
Rafał Lis
CEO | Credit Value Investments
He began his career in 1992 as a Securities Broker at Bank Gospodarki Żywnościowej Brokerage House. Later on at Opera TFI, Legg Mason Investments, Citigroup Asset Management, Bank Handlowy w Warszawie. Currently a CEO at Credit Value Investments which manages Open Finance Obligacji Przedsiębiorstw FIZ AN, Mezzanine FIZ AN and Distressed Assets FIZ AN investment funds. Credit Value Investments total AUM exceed 2.1 bln PLN.
Rafał Matulewicz
Asset Management Department Managing Director | PKO TFI
A graduate of Warsaw School of Economics (Finance and Banking). A scholar of CEMS (Community of European Management Schools) at Stockholm School of Economics. Between 2007 and 2009 a Director of Interest Rate Trading Department at Merrill Lynch International in London. He has a several year of experience in managing debt instruments, obtained at such institutions as UBS Investment Bank (United Kingdom). A holder of FSA Financial Regulator Certificate (Certificate in Securities and Financial Derivatives). Since 2011 he successfully manages a global macro strategy in PKO Globalnej Makroekonomii - FIZ investment fund.
Marcin Mierzwa
Zastępca Dyrektora Biura Maklerskiego | Alior Bank
He began his journey on the capital market in 1994. An employee at one of the first Polish private brokerage houses - Biuro Maklerskie Arabski i Gawor (1996-1998) and Biuro Maklerskie BPH SA (1998-2007) afterwards.
Since February 2008 he has worked at Alior Bank as Deputy Director of its brokerage house, mainly responsible for investment funds offer. A chairman of Alior Bank Biuro Maklerskie Investment Commitee, which supervises and approves investment recomendations for clients. For over 4 years he has been one of the participants of a "Milion w portfelu" TV program, gaining a return over +50%. A graduate of Cracow University of Economics (Marketing and Management) as well as Cracow School of Business Executive MBA and Stockholm Univesity School of Business.
A licensed securities broker (no. 1641) since 1998, and a participant of numerous courses incl. ICAN Institute Strategic Leadership Academy (Harvard Business Review).
Elia Soutou
Product Specialist | Fidelity Worldwide Investment
Elia Soutou is a member of Multi Asset Solutions team, responsible for product development and investment communication. Prior to joining Fidelity, she has worked at Legal&General Investment Management, Insight Investment and Morgan Stanley, dealing with institutional clients relationships, debt products analysis, and credit analysis respectively.
Tomasz Stadnik
Vice President of the Management Board | TFI PZU
At the financial market since 2000. A graduate of Warsaw School of Economics (Finance and Banking). Licensed Investment Advisor and Securities Broker. Authorised by Financial Services Authority (FSA). A holder of UKSIP certificate and FRM title by Global Association of Risk Professional.
He has began his proffesional career as a manager at Credit Suisse Asset Management in Warsaw. From 2005 to 2007 Vice President, EM Debt at Credit Suisse Asset Management in London. Director and Co-Head of EM Debt at ABN AMRO Asset Management for the next two years. In 2009 he joined PZU Asset Management SA, first as Debt and Derivative Instruments Bureau Deputy Director, currently a Vice President of the Management Board and a CIO, responsible for investments.
Robert Stanilewicz
Journalist | TVN24 Biznes i Świat
At TVN24 since its very beginning (2001). A host of various economic programs, including "Bilans" magazin. Since July 3rd 2004 a host of "Portfel" - personal finance magazin, awarded Władysław Grabski award by National Bank of Poland, Reuters and Polish Journalists Association. Honored with "Libertas et Auxilium" award for "Portfel" magazin and Marian Krzak award for his activity concerning banking and finance. Since June 2007 a host of "Fakty, ludzie, pieniądze" TV program and "90 Minut" magazin since September 2007 at TVN CNBC. Since January 1st 2014 a host of TVN24 Biznes i Świat "24 Hours" TV program with Katarzyna Werner.