The State of European
17 October 2017 The Westin Grand Paris - Vendôme
OPENING SESSION + KEYNOTE
Welcoming remarks and introduction: Steven Maijoor, Chair, European Securities and Markets Authority (ESMA)
Keynote: Valdis Dombrovskis, Vice President of the European Commission responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and the Capital Markets Union.
The keynote will be followed by a Question and Answers (Q&A) session with the audience.
PANEL 1 – KEYNOTE TRADING AND MARKET INFRASTRUCTURES
Xavier Rolet, Chief Executive Officer (CEO) of the London Stock Exchange (LSE) Ltd
PANEL 1: TRADING AND MARKET INFRASTRUCTURES
Panellist: Thomas Book, Chief Executive Officer (CEO) of Eurex Frankfurt AG and Eurex Zürich AG
Panellist: Xavier Rolet, Chief Executive Officer (CEO) of the London Stock Exchange (LSE) Ltd
Panellist: Markus Ferber, Member of the European Parliament (MEP)
Panellist: Diana Chan, CEO EuroCCP
Moderator: Elisabeth Roegele, Executive Director Securities Supervision, Federal Financial Supervisory Authority (BaFin)
PANEL 2 – BREXIT KEYNOTE
Keynote: to be confirmed
PANEL 2: BREXIT
Panellist: Elizabeth Corley, Vice-Chair of Allianz Global Investors
Panellist: Niamh Moloney, Professor at the London School of Economics (LSE)
Panellist: Hans-Ole Jochumsen, Vice Chairman, NASDAQ
Panellist: Sylvie Matherat, Chief Regulatory Officer Deutsche Bank
Moderator: Verena Ross, Executive Director, European Securities and Markets Authority (ESMA)
PANEL 3: INVESTORS AND INNOVATION
Panellist: Guillaume Prache, Managing Director of BETTER FINANCE
Panellist: Pervenche Berès, Member of the European Parliament (MEP)
Panellist: Matthieu Duncan, CEO Natixis Asset Management
Panellist: Peter Tufano, Dean of the Saïd Business School at Oxford University
Moderator: Anneli Tuominen, Vice-Chair, European Securities and Markets Authority (ESMA) and Director General of the Finanssivalvonta (FIN-FSA)
PANEL 4 – REGULATION POST-2017
Keynote: Roberto Gualtieri MEP, Chair of the Committee on Economic and Monetary Affairs (ECON), European Parliament
PANEL 4: THE REGULATORY AGENDA POST-2017
Panellist: Olivier Guersent, Director General, European Commission DG FISMA
Panellist: Rüdiger Veil, Chair, Securities and Markets Stakeholder Group (SMSG) ESMA, Professor at Bucerius Law School
Panellist: Rainer Riess, Director General of the Federation of European Securities Exchanges (FESE)
Panellist: Fabrice Demarigny, Managing Partner Mazars SA
Moderator: Gérard Rameix, Ex-Chair, Autorité des Marches Financiers (AMF)
Ashley Alder, Chair of the International Organization of Securities Commissions (IOSCO)
Valdis Dombrovskis is the Vice-President of the European Commission responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and the Capital Markets Union.
Prior to that, he served three consecutive terms as Prime Minister of Latvia, becoming the longest serving elected head of government in Latvia’s history.
Before becoming European Commission Vice-President, Valdis Dombrovskis was elected for the second time as a Member of the European Parliament (first, 2004-2009) and Head of the Latvian Delegation in the EPP Group.
He served as a Member of the Saeima (Parliament) of Latvia (March 2004- June 2004; January 2014 June 2014) and was Latvia’s Minister of Finance from 2002 to 2004.
Valdis Dombrovskis was born on 5 August 1971 in Riga, Latvia. He graduated with a degree in physics from the University of Latvia (1993) and economics from Riga University of Technology (1995). He received his master’s degree in physics in 1995 from the University of Latvia. In 1995 -1998, he worked as a research assistant at Mainz University, Germany, at the Institute of Solid-State Physics in Latvia and at the University of Maryland (USA).
Prior to joining politics, he worked as a senior economist and chief economist at the Bank of Latvia (1998-2002). Together with Anders Aslund, he co-authored the book „How Latvia came through the financial crisis” which was published in 2011.
In November 2014, Valdis Dombrovskis was awarded the Order of the Three Stars (Triju Zvaigžņu ordenis), the highest State Decoration of the Republic of Latvia.
Roberto Gualtieri (born in Rome, 19/07/1966) has been a member of the European Parliament since 2009.
He graduated in literature and philosophy (1992) and has a research doctorate (PhD) in contemporary history (1997).
Since 1995, he has been author of several books and articles on Italian and international history of the XXth century and on the history of the European integration.
Mr. Gualtieri is an associate professor of contemporary history at 'La Sapienza' University, Rome.
Within the European Parliament he held, among others, the following tasks:
In 2010, he has been S&D Group negotiator within the EP negotiating team on the creation of the European External Action Service.
In 2011, he has been co-rapporteur (with Elmar Brok) for the European Council decision amending Article 136 of the TFEU with regard to a stability mechanism for Member States whose currency is the euro.
In 2011, he has been member of the European Parliament negotiating team for the establishment of the "Fiscal Compact".
In 2012, he has been appointed S&D Group coordinator for the Committee on Constitutional Affairs (AFCO).
In 2012, he has been S&D negotiator for the European Parliament in the working group set up by Herman Van Rompuy on a "Genuine Economic and Monetary Union".
In July 2014, he has been elected Chair of the Committee on Economic and Monetary Affairs (ECON).
He is also a substitute member of the Committee on Constitutional Affairs (AFCO) and of the Committee on Foreign Affairs (AFET).
He is member of the National board of the Partito Democratico (Italy), since 2008.
Michel BARNIER is Chief Negotiator, heading the Task Force for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 TEU.
He is married to Isabelle and a father of three children. He graduated from the ESCP European Business School in Paris.
Michel BARNIER engaged at an early age in the Gaullist party in his native Savoie and was elected at the age of 27 as Member of the French National Assembly, and then as President of the department. In that capacity he organized, together with three-time Olympic champion Jean-Claude KILLY, the XVI Olympic Winter Games in 1992 in Albertville.
Michel BARNIER has been a minister in several governments in France, as Minister of Environment (1993-1995), for European affairs (1995-1997) and for Foreign affairs (2004-2005).
From 1999 to 2004, he was European Commissioner responsible for Regional policy and Institutional reform. In 2007, the newly elected French President Nicolas SARKOZY appointed him Minister of Agriculture and Fisheries.
In June 2009, Michel BARNIER led the French campaign for the European elections and a few months later he was appointed European Commissioner for Internal market and Services. It is in this capacity that he proposed and built the Banking Union, with the support of President José Manuel BARROSO.
Since march 2015 Michel BARNIER was a Special Adviser to the President of the European Commission Jean-Claude JUNCKER on matters of security and defense.
Born in 1957, Pervenche Berès has been a Member of the European Parliament since 1994.
S&D Spokesperson of the ECON committee
Full member of the Committee on Economic and Monetary Affairs, substitute member of the Committee on Industry, Research and Energy, and of the Institutional Affairs Committee. Former substitute member of the “TAXE I” et “TAXE II” special committee and substitute member of the PANA inquiry committee.
She has been appointed in 2014, rapporteur on "The economic governance framework of EMU: Stocktaking of possible building blocks" and in 2015 on "a Budgetary capacity for the Eurozone".
In Parliament elected in 2009, she has been the Chairwoman of the Employment and Social Affairs Committee and a substitute member in the Economic and Monetary affairs committee. She has been appointed rapporteur of the temporary committee on the financial, economic and social crisis. Previously, she was Chairwoman of the Economic and Monetary affairs Committee (2004-2009), head of the French socialist delegation (June 1997-June 2004 & June 2014-January 2017) and Vice-President of the Socialist group in the European Parliament (June 1997-June 2004). From December 1999 to October 2000, she was the Vice-president of the European Parliament delegation to the Convention in charge of elaborating a European Union Charter of fundamental rights. She was also a member of the European Convention in charge of drafting a Constitution for Europe from February 2002 to July 2003.
Graduated from the "Institut d'Etudes Politiques" in Paris, she worked from 1981 to 1988 and from 1993 to 1994 as an administrator in the French National Assembly; from 1988 to 1992 she was an advisor for International and European affairs to Laurent Fabius, President of the National Assembly.
Rüdiger Veil holds the Alfried Krupp-Chair for Civil Law, German and International Business and Corporate Law and is managing director of the Institute for Corporate and Capital Markets Law at Bucerius Law School, Hamburg. He graduated from Justus Liebig University, Gießen in 1993 and Humboldt University, Berlin in 1995 and then joined as an attorney in a law firm in Düsseldorf. In 2002 Rüdiger obtained his postdoctoral qualification (habilitation). Following an interim professorship at the University of Heidelberg, Rüdiger accepted a position at Bucerius Law School in 2003. His main research areas are European company law and capital markets law.
Rüdiger is a member of several working groups on company law and securities regulation. Since 2012 he has been a member of an academic working group advising the German Federal Ministry of Finance with regard to the reforms of EU financial markets law. Rüdiger has served as an expert for the German and Russian parliament and has advised the German and Chinese governments on reforms of company law and capital markets law. Rüdiger has published numerous books and articles in top ranked journals deal-ing with the regulation of market abuse, the transparency regime, principles of investor protection and regulatory aspects of compliance and corporate governance, particularly from a comparative perspective. From 2008 until 2011, he conducted a research project on the implementation and enforcement of capital markets law in the EU. This work is reflected by his book on European Capital Markets Law (Hart Publishing, 2013).
Verena Ross is the Executive Director of the European Securities and Markets Authority (ESMA). She is the first Executive Director of the organisation and is currently serving her second five-year term. She forms part of the senior management team along with the Chair of ESMA. The Executive Director is responsible for the day-to-day running of the organisation.
She began her career at the Bank of England in 1994, where she worked as an economist and then banking supervisor, following her studies in Hamburg, Taipei and London (SOAS).
Verena joined the FSA in 1998 to run the Executive Chairman’s office during the regulator’s start-up phase, and was briefly a seconded advisor to the Hong Kong Securities and Futures Commission in 2000. She subsequently held various positions in the Markets Division and was Director of the Strategy & Risk Division before becoming Director of the International Division.
Prior to coming to ESMA, Verena held a number of senior posts in the UK's Financial Services Authority (FSA), with her most recent position as Director of the International Division from October 2009 to May 2011. Verena was also a member of the FSA's Executive Committee and the Executive Policy and Risk Committees.
She started her role at ESMA on 1 June 2011.
Steven Maijoor has been the Chair of the European Securities and Markets Authority (ESMA) since taking up office 1 April 2011. He is the first chair of the authority and is currently serving his second five-year term. He is responsible for representing the Authority as well as chairing ESMA’s Board of Supervisors and the Management Board. The role of the Board of Supervisors is to give strategic guidance to ESMA and make all main regulatory and supervisory decisions. The Management Board's purpose is to ensure that the Authority carries out its mission and performs its tasks.
Prior to taking up this role, Steven was Managing Director at the AFM, the Dutch financial markets regulator, where he was responsible for capital market supervision, including financial reporting and auditing, prospectuses, public offerings, and the supervision of the integrity of financial markets. During his term, the scope of activities of the AFM vastly expanded and he was responsible for building and implementing supervision in the capital market area. In his regulatory role at the AFM, Steven has held a number of international positions, including the Chairmanship of IFIAR (International Forum of Independent Audit Regulators).
Before joining the regulatory world, Steven was the Dean of the School of Business and Economics at Maastricht University, and had pursued a long career in academia which included a variety of positions at Maastricht University and the University of Southern California.
He holds a PhD in Business Economics from Maastricht University, was a research student at the London School of Economics, and has a master in Business Economics from the University of Groningen.
Steven is married and has two daughters and a son.
Thomas Book was appointed CEO of Eurex Frankfurt AG and Eurex Zürich AG on 7 March 2016 and is Head of Derivatives Markets Trading for Deutsche Börse Group. Since May 2007 he is also a Member of the Management Board of Eurex Deutschland.
After joining Deutsche Börse Group in October 1995, Mr. Book has held a number of different leadership positions at Deutsche Börse Group and Eurex Group. From October 2004 he was Head of Market Development for the cash and derivatives markets as well as for strategic projects. From March 2007 until December 2015, Mr. Book was responsible for Clearing at Deutsche Börse Group in his role as a Member of the Executive Boards of Eurex Frankfurt AG, Eurex Zürich AG (until June 2014) and Eurex Clearing AG. In April 2013 he assumed the role as CEO of Eurex Clearing AG until March 2016.
Thomas Book is a Member of the Global Markets Advisory Committee of the U.S. Commodities Futures Trading Commission.
Elizabeth is non-executive Vice-Chair of Allianz Global Investors, a global asset manager wholly owned by Allianz, where she was Global CEO from 2012 to 29 February 2016 and European CEO from April 2005. She is a non-executive director of Pearson plc and BAE Systems plc as well as a member of the ESMA stakeholder group and an advisory council member of TheCityUK. She is a member of the management committee of the Forum of European Asset Managers and the Committee of 200. In addition, she is a trustee of the British Museum as well as a member of their Investment Committee. Elizabeth is an Advisory Council member for the AQR Institute of Asset Management at London Business School and is a member of the Microloan Foundation Women’s Development Group. In 2015, Elizabeth was appointed CBE for services to the financial sector. In May 2016, she was elected to the Board of Governors of the CFA Institute and is a fellow of the CFA Society of the UK. Since September 2016, Elizabeth has chaired a group advising the UK government on how to make socially themed investments more available to individuals. Elizabeth is also a fellow of the Royal Society of Arts and a published author.
Niamh Moloney is professor at the London School of Economics. She is a graduate of Trinity College Dublin and Harvard Law School. She specializes in EU financial market regulation and wrote the first monograph on this topic, now in its third edition (EU Securities and Financial Markets Regulation, Oxford University Press, 2014).
Her other books include The Regulatory Aftermath of the Global Financial Crisis (Cambridge University Press, 2012, with John C. Coffee, Eilís Ferran, and Jennifer Hill) and How to Protect Investors. Lessons from the EU and the UK (Cambridge University Press, 2010). Niamh is an editorial board member of a number of journals, an editor of the Oxford Handbook of Financial Regulation (Oxford University Press, 2015), and a series editor of the Cambridge University Press Series on International Corporate Law and Capital Market Regulation. Niamh has been a Visiting Professor in a number of institutions internationally, including recently Bocconi University, Milan, the University of Zurich, and Columbia Law School, New York, and is a Fellow (Household Finance) of the House of Finance, Goethe University, Frankfurt.
Anneli Tuominen is Vice-Chair of ESMA and Director General of the Finanssivalvonta (FIN-FSA), an integrated authority responsible for banking, insurance, securities and macro-prudential supervision. She has been Director General since February 2007, having joined the FIN-FSA in 1996.
Ms. Tuominen is a voting member of the Supervisory Board of the Single Supervisory Mechanism (SSM), the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and a non-voting member in the European Systemic Risk Board (ESRB). She chairs the Consumer Protection and Financial Innovation Sub-Committee of the Joint Committee and previously chaired ESMA’s Financial Innovation Standing Committee.
Guillaume Prache is the Managing Director of BETTER FINANCE, the European Federation of Investors and Financial Services Users. He is also one of the experts representing financial services users before the European Commission (as member and vice chair of the Financial Services User Group – FSUG), before the European Securities & Markets Authority (as member and former chair of the ESMA Securities & Markets Stakeholder Group), before the European Insurance and Occupational Pensions Authority (as member of the EIOPA Occupational Pensions Stakeholder Group) and before the French financial regulator AMF.
He started as a magistrate at the French Court of Auditors, and has an extended and international experience in financial matters, most recently as Chief Financial Officer of US-based Rhône-Poulenc Rorer, Inc., a “Fortune 500” publicly-listed pharmaceutical company (today Sanofi) from 1997 to 2000, and then as Managing Director of the European subsidiary of the Vanguard Group, Inc., a global leader in asset management, from 2000 to 2006.
He has taught asset management for the CIWM (Certified International Wealth Manager) program, and wrote two books ( and various articles on economics and finance.
Hans-Ole Jochumsen is Vice Chairman of Nasdaq. In this role, he works closely with the senior management team and across all of Nasdaq to uncover opportunities, and deepen relationships with clients, regulators, and prospects.
Previously, Mr. Jochumsen served as President and Executive Vice President of Nasdaq’s Global Trading and Market Services business and was instrumental in overseeing the strategic acquisitions of Chi-X Canada, the International Securities Exchange (ISE) in 2016 and the successful launch of Nasdaq’s Energy Futures Market (NFX) in 2015. Under his direction, Nasdaq’s global trading and market services businesses have thrived, and continue to disrupt the market and challenge the status quo.
Prior to the merger between Nasdaq and OMX in 2008, Jochumsen served as President and member of the OMX executive team. Before OMX, Mr. Jochumsen served as President and CEO of Copenhagen Stock Exchange and FUTOP Clearing, spearheading the merger of the Copenhagen and Stockholm exchanges in 2005.
Throughout his career, Mr. Jochumsen has played an active role in shaping securities industry policy. He served as the Chairman of the Federation of European Securities Exchanges (FESE) from 2010 to 2013. From 1990 to 1998, Mr. Jochumsen served on the management board of some of the largest Danish financial institutions, including GiroBank and BG Bank.
Mr. Jochumsen is a graduate of Copenhagen University with a Master of Science (MSc), Economics.
Xavier Rolet is the Chief Executive Officer (CEO) of the London Stock Exchange (LSE) Group. He was appointed to the LSE Board in March 2009 and appointed Chief Executive on 20 May 2009. From 2000 to 2008 he was a senior executive at Lehman Brothers and, most recently, CEO of Lehman in France. Prior to Lehman Brothers, he held senior positions at Dresdner Kleinwort Benson from 1997 to 2000, Credit Suisse First Boston from 1994 to 1996 and Goldman Sachs from 1984 to 1994.
Elisabeth Roegele was appointed as Chief Executive Director of Securities Supervision at the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) in May 2015. Before that, she was General Counsel and Head of the Corporate Centre for legal affairs and taxes on products at DekaBank Deutsche Girozentrale from December 2006 on. From 2004 to December 2006 she was head of the division for ad hoc disclosure and directors dealings at BaFin. Before joining BaFin, Roegele’s other jobs included being a member of the management board of the Stuttgart Stock Exchange, where she was responsible for market regulation, information technology, personnel matters and the development of derivatives trading. Prior to that, she worked in the legal department of Bausparkasse Schwäbisch Hall and at the Exchange Supervisory Authority of the Hessian Ministry of Economics. She is a fully qualified lawyer and additionally holds a Masters Degree in European and International Business Law from the University of St. Gallen in Switzerland. As Member of the Executive Board of BaFin, Roegele is also a member of the Board of Supervisors of the European Securities and Markets Authority (ESMA) and of the Board of the International Organization of Securities Commissions (IOSCO).
Markus Ferber is the Vice-chair of the European Parliament’s Committee on Economic and Monetary Affairs (ECON). He has been Member of the European Parliament (MEP) since 1994. He is member of the Christian Social Union (CSU) since 1983 where he held various posts in regional boards and was chairman of the CSU delegation to the European Parliament from 1999 – 2014.
Prior to his political career, he held different posts in the private sector, including at Siemens AG. Markus Ferbers holds an engineering degree from Munich’s Technical University (TU).
Olivier Guersent graduated with distinction from the “Institut d’Etudes Politiques de Bordeaux” in 1983. He joined the French Ministry of Economy and Finance in 1984, where he carried out many investigations for the French Competition Authority.
He joined the European Commission in 1992, initially with the "Merger Task Force" in the Directorate-General for Competition. Since then, he has alternated between the private offices of a number of European Commissioners (Karel Van Miert, Michel Barnier and Neelie Kroes) and DG Competition (successively Deputy Head of Unit in charge of cartels, Head of Unit in charge of policy and coordination of cases, Head of Unit in charge of merger control, Acting Director “Transport, postal and other services" and, from 2009, Director responsible for the fight against cartels. From 2010 to 2014 he was the head of the private office of Michel Barnier, Commissioner for Internal Market and Services. Having held the position of Deputy Director-General since July 2014, Olivier Guersent has been Director-General of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union since 1 September 2015.
Married and a father of three children, Olivier Guersent is a member of the board of of the non-profit organisation Aremis that provides medical care in the home, primarily to cancer patients in the Brussels area. He is a regular lecturer to postgraduate university students.
Rainer Riess is Director General of FESE and an Independent Advisor to exchanges and financial services companies with more than 25 years of experience in the global exchange industry. He is a Member of the Securities and Markets Stakeholder Group (SMSG) which provides ESMA with opinions and advice on its policy work. He is also a Senior Independent Director in the Supervisory Board of the Moscow Exchange, heading the Strategy as well as the Remuneration and Nomination Committee. He served for many years as Vice Chairman of the Board of the Frankfurt Stock Exchange and was responsible for the cash market business of Deutsche Börse AG.
In his tenure at Deutsche Börse he created and managed markets, drove changes in the European corporate governance and accounting practice, financial market regulation and supervision of market player. Major initiatives include running the cash market in a competitive MiFiD environment and financial market crises, the creation of DTB Deutsche Terminbörse / Eurex, developing European primary markets (Neuer Markt, indices, corporate governance and regulation), launch of the Xetra electronic trading system and the CCP as well as the creation of the European ETF and structured products markets.
He is a Member of the Board of Trustees of several academic and charitable organisations. He holds a Master in Economics from Johann Wolfgang Goethe-University in Frankfurt and received an MBA from the University of Miami as a Fulbright Scholar.
Gérard Rameix began his career in 1978 as an Auditor at the French Court of Audit (Cour des Comptes), becoming an Assistant Judge of the Court in 1982. After working on secondment as Unit Head at the Budget Directorate of the Finance Ministry, Gérard Rameix returned to the Court of Audit in 1984 and was then appointed as a Technical Adviser to the Private Office of the Prime Minister from 1986 to 1988. He was Director of Industrial Affairs (1989) and then Director of Financial Operations and Investments (1990) for the company Hottinguer Finances and became Chairman of the company Finindex in 1990. Gérard Rameix was appointed Director of the National Employee Health Insurance Scheme in 1993 and Deputy Director of the Private Office of the Prime Minister in 1997. He was appointed Director General of the Commission des Opérations de Bourse in 1997 and Secretary General of the Autorité des Marchés Financiers on its creation in 2003, holding that position until 2009.
Since then, Gérard Rameix has been serving as National Mediator for Corporate Credit. He was appointed Chairman of the Autorité des Marchés in August 2012.
Gérard Rameix, has a Postgraduate Diploma in Public Law, graduated from the Paris Institut d’Etudes Politiques and is also an alumnus of the Ecole Nationale Administration (ENA) (Class of 1978, Pierre Mendès France).
Ashley Alder chairs the Board of the International Organization of Securities Commissions (IOSCO) since May 2016. Mr. Alder is Chief Executive Officer of the Securities and Futures Commission (SFC) of Hong Kong.
Mr. Alder has long been active in IOSCO’s policy and other committee work. He was Chair of the IOSCO Asia-Pacific regional Committee (APRC) from 2013 until May 2016 and Vice Chair of the IOSCO Board from December 2015 to May 2016. Mr. Alder also chaired the IOSCO Task Force on Cross-Border Regulation, and he is currently chair of the Task Force on Market Conduct.
Mr. Alder started his career as a lawyer in London in 1984. He moved to Hong Kong in 1989 with the international law firm Herbert Smith, and practiced corporate and business law. He was Executive Director of Corporate Finance at the SFC from 2001 to 2004, before returning to Herbert Smith, where he became head of the firm’s Asia Region. He rejoined the SFC in 2011.
Sylvie Matherat became a member of Deutsche Bank’s Management Board on November 1, 2015. She is the Bank’s Chief Regulatory Officer.
Ms. Matherat joined Deutsche Bank in 2014 as Global Head of Government & Regulatory Affairs.
She came from Banque de France where she was Deputy Director General and responsible for regulation and financial stability issues, payment and settlement infrastructures, banking services, and the Target 2 Securities project. Ms. Matherat previously held various positions at the Banking Supervisory Authority and in the private sector.
Ms. Matherat studied public law and finance at the Institut d´Etudes Politique de Paris, France, and holds a master degree in law and political sciences. She was awarded the Legion d'Honneur in 2014.
Fabrice Demarigny, a French attorney, PhD in Political Sciences, is a graduate in Law and Economics. Fabrice worked for eleven years in the French Securities Market Authority (AMF) where he was member of the Steering Committee of the College of Supervisors of Euronext and one of the drafters of the IOSCO Principles of Securities Regulation. In 2002, he has been appointed the Secretary General of the Committee of European Securities Regulators (CESR – today ESMA). During his tenure, he contributed to the adoption of all EU Directives and Regulations regarding Markets of financial instruments (Mifid), Prospectuses, Transparency obligations of listed companies, Takeover bids, Market Abuse and UCITS. Since 2008, Fabrice is a member of Mazars’ international partnership and a Partner of the Law Firm member of Mazars in France. He is currently the Managing Partner of Mazars Société d’Avocats, Global Head of Financial Advisory Services and Capital Markets and member of the Group Governing Council of Mazars. At the request of the French Minister of Finance, he published a report for an “EU listing Small Business Act” (2010 - Mme Christine Lagarde) and “25 Investing and Financing Recommendations for the forthcoming Capital Markets Union” (2015 - Mr Michel Sapin). In 2012/13, he chaired the Strategic Committee for Small and Midcaps of Euronext that lead to the creation of Enternext. Fabrice is the founder of Securities Lawyers Association (ADB) and is currently the Chairman of the European Capital Markets Institute (ECMI) as well as member of the Steering Committee of Paris-Europlace. He is knight of the French National Merit Order and of the Légion d’honneur.
Fabrice Demarigny est avocat diplômé en droit et en économie et titulaire d’un doctorat en sciences politiques de l’IEP de Paris. Fabrice a travaillé pendant onze ans pour l’Autorité des marchés financiers (AMF - anciennement Commission des opérations de bourse). Il a été en particulier membre du Comité de Pilotage des régulateurs d’Euronext et l’un des rédacteurs des Principes de régulation boursière de l’OICV. En 2002, il est nommé Secrétaire Général du Committee of European Securities Regulators (CESR – aujourd’hui ESMA). A ce titre, il a contribué à l’adoption des directives et règlements européens sur les marchés d’instruments financiers (MIF), Prospectus d’admission, OPA, Transparence, Abus de marché et OPCVM. Depuis 2008, Fabrice a intégré le partnership international de MAZARS et son cabinet d’avocats à Paris. Il est aujourd’hui président de Mazars Société d’Avocats, le responsable global de l’activité Financial Advisory et Capital Markets et membre du Conseil de surveillance du groupe Mazars. A la suite de missions confiées par le ministre des Finances, il a publié un rapport sur un « Small Business Act du droit boursier européen » (2010 – Mme Christine Lagarde) et « 25 recommandations pour une Union des marchés de capitaux axée sur l’investissement et le financement » (2015 – Mr Michel Sapin). En 2012/13, il a présidé le Comité d’orientation stratégique (COS) d’Euronext dédié aux PME ETI qui a conduit à la création d’Enternext. Il est le fondateur de l’association des Avocats en Droit Boursier (ADB), Président de l’European Capital Markets Institute (ECMI) et membre du comité de pilotage de Paris Europlace. Il est chevalier de l’Ordre national du Mérite et l’Ordre de la Légion d’honneur.
Mathieu Duncan is CEO of Natixis Asset Management since 2016. A dual French and US citizen, Duncan completed his studies at the University of Texas (Austin) and the University of California (Santa Barbara). He began his career in the financial industry at Goldman Sachs, where he held various positions in the capital markets sector in Paris and London between 1990 and 2003. Since 2004, he has held various positions in the asset management area in London: Chief Investment Officer (CIO) Equities at Cambridge Place IM, Head of Business Strategy and member of the Board of Directors of Newton IM (a Bank of New York Mellon company), and Chief Operating Officer (COO) and member of the Board of Directors of Quilter Cheviot IM.
Peter Tufano is Dean and Professor of Finance at Saïd Business School since 1 July 2011 and is a Professorial Fellow at Balliol College, University of Oxford. He is a prolific scholar and course developer, a seasoned academic leader, a social entrepreneur, and an advisor to business and government leaders.
Peter is also a social entrepreneur. In 2000, he founded, and now chairs, a non-profit called Commonwealth (formally Doorways to Dreams Fund). This organisation works with partners to help low income households successfully manage their financial needs. Peter’s research on consumer finance, and the work of Commonwealth, contributed to the passage of the American Savings Promotion Act in December 2014, which removed federal barriers to sale of prize linked savings products in the US.
Prior to joining Oxford, Peter was a faculty member at the Harvard Business School for 22 years. During this time, he assumed a number of leadership roles, serving as department chair, course head, and Senior Associate Dean. He oversaw the school’s tenure and promotion processes, its campus planning, and he advised the University on financial and real estate matters. He was also the founding co-chair of the Harvard innovation lab (i-lab), a cross-university initiative to foster entrepreneurship.
Peter earned his AB in economics (summa cum laude), MBA (with high distinction) and PhD in Business Economics at Harvard University. Peter is married with one daughter.
Diana Chan is Chief Executive Officer of EuroCCP N.V. which clears equities from 18 European markets and from the United States, Depositary Receipts as well as ETFs and Currency ETCs.
Prior to her role at EuroCCP which began in 2007, Diana was Citi’s global head of Market Strategy and Market Policy in Securities and Fund Services. She has over 20 years’ experience in post-trade services at Citi and J.P. Morgan, with roles in strategy, market policy, product management, network management and financial control. She is an active member of public sector advisory groups focused on improving post-trade arrangements in Europe.
Diana is a graduate of the University of Hong Kong and Harvard Business School.