Portfolio Diversification and Team Diversity: new ideas for added value creation

Fully Booked
  • Monday 18 June 2018
  • 17:00 - 20:00
  • Palazzo Mezzanotte - Borsa Italiana
  • Piazza Affari, 6
  • 20123 - Milan
  • Eligible for 2.5 credits

The most enduring principle of rigorous investment management is diversification, yet it is remarkably absent from team construction across all ranges of the investment profession. 

This conference will consider whether we can improve investor outcomes through increased diversity in general, starting with the gender gap, analyzing international and local best practices.

  • https://cfasi.it/en/
17:00 Registration
17:30 Welcome Speech Moderator, Giancarlo Sandrin, President, CFA Society Italy

Giancarlo Sandrin

President, CFA Society Italy

Giancarlo Sandrin is President of CFA Society Italy since 2016 and Head of Asset Management Clients iShares Italy, BlackRock group. Giancarlo graduated at Università Bocconi and started his career as analyst at Goldman Sachs. Later he joined Gruppo Unicredito and, in 2006, TradingLab, HSBC Asset Management, where he managed relationships with institutional investors. From 2008 he is developing the fund buyers section for iShares.

Marina Forquet Famiglietti, Borsa Italiana Board member and Head of HR LSEG Italy

Marina Forquet Famiglietti

Borsa Italiana Board member and Head of HR LSEG Italy

After a degree in foreign languages and culture and an MBA in International Business, Marina has been developing her expertise in Human Resources and Organisation. After covering HR generalist roles in multinational companies in the consumer good sector, she moved to the financial industry where she contributed to the set-up and development of the Borsa Italiana Group initially as an HR generalist and afterwards as head of HR. After supporting the merger with the LSEG, Marina is running HR in Italy and globally across CM, PT Division along with the LSEG Foundation as General Secretary. She is also Board Member in Borsa Italiana SpA and Monte Titoli SpA.

17:45 Introduction Rebecca Fender, CFA, Head of “Future of Finance” Projects, CFA Institute

Rebecca Fender, CFA

Head of “Future of Finance” Projects, CFA Institute

Rebecca Fender, CFA, is head of the Future of Finance initiative at CFA Institute, a long-term global effort to shape a trustworthy, forward-thinking investment profession that better serves society. Her team works with industry partners, academics, and a volunteer network to produce research and thought leadership papers. Recent publications include: Future State of the Investment Profession; The Next Generation of Investor Trust; Discovering Phi: Motivation as the Hidden Variable of Performance; and Gender Diversity in Investment Management. Ms. Fender is also the co-leader of the CFA Institute Women in Investment Management initiative. She speaks regularly at industry events and has appeared in media outlets such as the Financial Times, Bloomberg, and the New York Times. Prior to joining CFA Institute, Ms. Fender was a vice president at BlackRock working with pension funds and endowments, and she also worked at Cambridge Associates, where she published research about manager selection. She earned her undergraduate degree in economics from Princeton University and holds an MBA from the Darden School at the University of Virginia. Previously, Ms. Fender also served as the director of the flagship CFA Institute Annual Conference.

18:15 Panel Session Moderator, Elena Simonova, Director, Institutional Clients, Lazard Fund Managers

Elena Simonova

Director, Institutional Clients, Lazard Fund Managers

Director, Institutional Clients, Lazard Fund Managers, Milan, Italy Elena Simonova is a Client Relationship Manager at Lazard Asset Management (Deutschland) GmbH and responsible for the Italian institutional clients. She began working in the investment field in 1999. Prior to joining Lazard in 2007, Elena was with Bear Stearns Asset Management London where she was a Vice President engaged in business development and marketing of firm's institutional products. Prior to moving to London, she worked in various positions at BSAM New York such as head portfolio trader in charge of strategy implementation for Systematic equity management team as well as with BSAM Fixed Income team where she was involved in asset allocation for the Firm's balanced mandates. Elena holds an MBA degree in International Finance, a MLS from St. John's University, USA and a BA in Information and library science from Moscow State University of Culture, Russia. While studying, Elena completed an internship at the United Nations's department of Public Information in New York. Elena is a native Russian speaker, fluent in Italian, and a CFA charterholder.

Cinzia Tagliabue, CEO, Amundi Pioneer Italy

Cinzia Tagliabue

CEO, Amundi Pioneer Italy

Cinzia Tagliabue is currently Deputy Head of the Retail Clients Division and CEO of Italy at Amundi. Previously, she was CEO of Italy and Head of Western Europe & Latin America at Pioneer Investments. She has been working in the investments industry since 1980. She has over 30 years of experience in financial services with UniCredit focusing both on the investments and the distribution sides. She has been a member of the Capital Italia SICAV Board and the Aviva Board. Cinzia has attended various provessional training courses including an Executive Management Course at the Boston University School of Management (Oct 2013 - Jan 2015).

Alessandra Losito, Head of Rome Branch, Pictet Wealth Management

Alessandra Losito

Head of Rome Branch, Pictet Wealth Management

Alessandra Losito holds a degree in Business Administration from Università Federico II, as well as a Master in Economics and Finance (MEF). She is a Chartered Financial Analyst. She began her career in the finance sector with PwC before moving on to the Italian Stock Exchange. In 2000 she moved in Private Banking at Citi where she built up significant experience in investments during her five years. She joined Pictet Wealth Management in 2005 and went on to become Head of the Rome Office in 2017. She currently sits on the Italian board of the Private Bank. While developing her professional career, she carried out intense public-spirited activities. She helped to design and launch the project "I Fuoriclasse della Scuola" in collaboration with FEDUF (Foundation for Financial education and savings), Ministry of Education and Museo del Risparmio. She is responsible for the fundraising of the project for the current edition. Alessandra Losito has been recently indicated by Finance Community as one of the 50 most influential professionals in the Italian financial sector (4 women in all over 50).

Anna Di Michele, Head of Advisory Europe, UBS

Anna Di Michele

Head of Advisory Europe, UBS

Anna, CFA, has more than 20 years of experience in the investment management industry with a focus on private banking. She joined UBS in 1999 as a senior portfolio manager for the actively managed strategies and in 2003 as head of the Active Advisory desk launched the first advisory contract for the Italian market. She later assumed responsibility for investment services in Milano prior to relocating to UBS Singapore in 2008 where she was responsible for a team of distribution specialists covering South East Asian clients, including wealth planning, investment mandates, structured products and funds. In 2009 she moved to Sao Paolo, BR, where she was responsible for the investment solutions team. After relocating to UBS Milano she has assumed responsibility for Europe domestic advisory teams. While continuing to hold responsibility on the advisory business in 2017 she has become responsible for the delivery of products and services for the Italian branch of UBS Europe SE. Anna started her career as a portfolio manager in RAS group in 1992 and spent 2 years in Banca Popolare di Novara as a senior portfolio manager prior to joining UBS. She holds a BA in Finance at Bocconi University, earned the AIAF certification in 1996 and the CFA charter in 2002. She has been on the Italian CFA Society Board for several years and represented CFA Institute at the IFRS Standard Advisory Council in the period 2005-2008.

Patrizia Bussoli, Asset Allocation, UBI Pramerica

Patrizia Bussoli

Asset Allocation, UBI Pramerica

Asset Allocation, UBI Pramerica Patrizia Bussoli has a long experience on financial markets, carried out with deep economic and financial analysis, keeping always a focus on the European economic integration. Her approach offered new ways of interpreting the economy and markets, to support financial investment decision. Since 2018 Patrizia is heading Asset allocation team in Ubi Pramerica, after twelve years as head of Fixed Income Asset Allocation at Fideuram Investimenti Sgr. Previously, Patrizia was a fund manager for credit, ABS and structured products in Nextra Sgr, in Milan. She worked for some years as macroeconomist at Deutsche Bank in London. Patrizia attended Pompeu Fabra University (Barcelona, Spain) where she obtained a Master in Economics cum laude ad a PhD in Economics with honors. She graduated at Bocconi University (Milan, Italy) with a degree in Economics (cun laude). She was a professor for International Economics at Pompeu Fabra. For some years, she taught a course on country risk for the MBA Program at SDA Bocconi. She worked as a researcher at Fondazione Eni Enrico Mattei in Milan and she published several working papers. She temporarily served the European Commission, DGII - Economics and Finance, where she contributed with a paper on the Euro future. She wrote a paper "Asset-backed securities: The key to unlocking Europe's credit market" (joint with C. Altomonte), Bruegel policy contribution in 2014, and the book "Investire con le obbligazioni: conoscere gli strumenti e valutare i rischi" (joint with L. Bagato) publisher Hoepli (2014). She is a speaker in various conferences on economics and finance.

Silvana Chilelli, Head of Alternative Investments and Special Projects, Intesa Sanpaolo Vita

Silvana Chilelli

Head of Alternative Investments and Special Projects, Intesa Sanpaolo Vita

Silvana Chilelli is Head of Alternative Investments and Special Projects in the Insurance Division of Intesa Sanpaolo. She is responsible for developing all the alternative asset classes: Private Equity, Credit, Infrastructures and Real Estate. She is a member of the Alternative Investment Committee. She has been with Intesa Sanpaolo since 2012 with different leadership positions. Prior to Intesa Sanpaolo, she spent many years in New York as an investment banker for JPMorgan and Merrill Lynch. She also managed the Strategy and Corporate M&A group for Deutsche Bank, North America. Prior to her MBA, she also spent a few years at McKinsey as a strategic consultant. She received the “Fund Manager of the Year” award from the “Women in Finance 2018 Italy Awards” committee. She is a current Board member of Intesa Sanpaolo Assicura and of Fondazione Filarete. She is a former Board Member of Valore D. She holds an MBA from Columbia University, New York with a Beta Gamma Sigma award and she holds a cum laude bachelor’s degree in Economy & Commerce from the University of Pavia.

19:15 Closing speech Marco Pagano, Full Professor of Financial Economics, University Federico II, Napoli

Marco Pagano

Full Professor of Financial Economics, University Federico II, Napoli

Marco Pagano is Professor of Finance at University of Naples Federico II, President of the Einaudi Institute for Economics and Finance (EIEF), and Director of the Centre for Studies in Economics and Finance (CSEF). He holds a B.A. from Cambridge University and a Ph.D. from MIT, and taught at Bocconi University, the University of Salerno and Imperial College. From 2004 to 2011 he was managing editor of the Review of Finance with Josef Zechner. In 2011 received an ERC Advanced Grant for a 5-year project on “Finance and Labor”. Most of his research is in the area of finance, with a focus on banking, corporate finance and market microstructure. He has also contributed to research at the interface between finance and various fields in economics, namely macroeconomics, law and labor economics. His publications have appeared in top economics and finance journals, such as American Economic Review, Review of Economic Studies, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies, Review of Finance, RAND Journal of Economics, Journal of the European Economic Association, Economic Policy, and Economic Journal. In 2013 he published the book Market Liquidity: Theory, Evidence and Policy (with Thierry Foucault and Ailsa Roëll) with Oxford University Press. He advised the Italian Treasury on security market reform (1995-96), and participated to the Treasury's privatisation committee (1997-2001) and the EU Parliament advisory panel on financial services (2002-04). Currently he co-chairs the Advisory Scientific Committee of the European Systemic Risk Board (ESRB).

19:30 Cocktail & Networking