18:00 Introduction of the speakers and the Fixed Income SIG
18:10 What has changed during the pandemic?
18:25 What is the future looking like?
18:40 Where are the main opportunities?
As investors are confronted with the dual challenges of a low-yield environment and mounting pressure to shift to increasingly sustainable practices, the emergence of private debt as one of the fastest growing segments of fixed income markets and the evolution of sustainability standards have become increasingly relevant themes for fixed income professionals.
We therefore invite you to join fellow members of the CFA UK Fixed Income SIG for the group’s inaugural event - The future of Fixed Income - Private Debt & Sustainability - an event bringing together industry leaders to discuss current trends and developments in private debt markets and sustainable investment practices, explore the areas where the two increasingly intersect, and share their outlooks for the future of fixed income markets.
We look forward to seeing you there.
Join our Fixed Income Specialist Interest Group - This network is open to all industry professionals, regardless of CFA UK membership status, and is complimentary to join. If you are an active CFA UK member, simply go to CFA UK Connect and follow the instructions on the landing page. No need worry if you don’t have an active CFA UK membership, simply complete this form to register and you will be sent details of how to join the Network within 48h. By signing up, you will be able to contribute to discussions, plus find out about latest updates, webinars and networking opportunities.
Andrey Kuznetsov, CFA, Chair of the Fixed Income SIG
Andrey is currently the Head of Fixed Income for a Switzerland based multi-family office Graian Capital Management SA and is responsible for the asset allocation across fixed income. He joined from Federated Hermes International, where he spent 8 years and in his latest capacity was responsible for a multi-billion portfolio of total return credit strategies.
Andrey holds an undergraduate degree in Economics from State University – Higher School of Economics in Moscow, where he majored in Financial Engineering and Mandarin Chinese, and a graduate degree from London Business School. Prior to moving to London he worked in various roles in Russia and China. Andrey was named in the Financial News’ ‘Top 25 Rising Stars under 40 in European Asset Management’. Andrey is a native Russian speaker and CFA charterholder.
Mark Wade, Head of Sustainability Research and Stewardship, AllianzGI
Mark has 27 years of industry experience and prior to joining AllianzGI in 2014, Mark was involved in credit research roles in both buy and sell side roles. He joined Allianz Global Investors as Head of Industrials Credit Research for the Global Fixed Income unit before becoming Co-Head of Global Credit Research for a team of 24 analysts in Singapore, London, Paris and New York.
Sustainability has been an integral part of the credit research process and Mark was asked to be the fixed income representative on the firm’s Global Sustainability Committee in 2016, helping to develop the firm’s approach to different styles of sustainable investing. Mark was a founding member of the Executive Committee of the European Leveraged Finance Alliance to help promote stakeholder interests, sustainability and disclosure in the European leveraged finance market and took the inaugural CFA investing in ESG exam.
Mark holds a BA degree in Natural Sciences (Mathematics and Philosophy) from the University of Durham.
Dr Stuart Hitchcock, Head of Portfolio Management for Private Credit, LGIM
Stuart joined Legal and General in January 2018. Within Private Credit, the Portfolio Management team acts as principal senior liaisons for both internal and external funds, undertaking portfolio construction in line with client needs and providing senior independent credit judgement on the underwriting of all new financings (across Corporate, Infrastructure and Real Estate Debt investments). Stuart is a core member and alternate/co-chair of Investment Committee.
Prior to joining the business, Stuart worked for New York Life Investors, where he established and managed their international investment management office, headquartered in London. As Managing Director and Head of International Origination, he headed a team responsible for the origination and portfolio management of non-North American investments with AUM of >USD10 billion.
Previously, Stuart spent 11 years at RBS, beginning in Corporate and Institutional Banking and then spending 9 years in their private placements business (Debt Capital Markets), both in the UK and US.
Stuart has a PhD and BA (hons) from the University of Southampton, where he has held the status of Visiting Academic. He also holds an MSt from the University of Oxford, and an AMCT from the Association of Corporate of Treasurers.
Dr Ulf Erlandsson, founder and CEO, Anthropocene Fixed Income Institute (AFII)
Dr Ulf Erlandsson is founder and CEO of the Anthropocene Fixed Income Institute (AFII), a non-profit research institute and advocacy organisation focused on fixed income markets and the climate transition. Launched in 2020, AFII has had a number of successes through its market-insider style of research showing how environmental exposures drive investment risks and returns. The institute has also gained attention for its challenges of fossil funding mechanics in the markets, for example through bond syndication processes.
Prior to founding AFII, Erlandsson headed the Global Credit and SSA portfolios as well as a total return mandate at the Fourth Swedish State Pension Fund (AP4). He was responsible for driving AP4 to become a top global franchise for green bonds in the early days of the market but also pioneering shorting of climate risk through derivatives. This further led to the development of a fixed income based long-short hedge fund strategy for climate impact called Diem.
Erlandsson started his career as a quant strategist at Barclays Capital after having earned his Ph.D. in econometrics from Lund University. He has authored several books on credit trading including “Systematic CDS index trading” and “Empirical analysis of the credit cycle” as well as seminal papers on climate focused credit such as “Credit alpha and CO2 reduction: A portfolio manager approach”, “Green bonds risk premiums: A twin-bond approach” and “Carbon negative leveraged investment strategies”.