International Structured Products ForumLucerne, 3 – 4 September 2019

Program Booklet

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2 | Program

Program

Tuesday, 3 September 2019

09:30 AM Registration and Welcome Coffee

10:00 AM Welcome Address Christian Reuss (Head Sales, Securities & Exchanges, SIX)

10:10 AM Are You Ready for SARON? The Impact of the Transition from LIBOR to SARON Félix Roudier (Chair sub-NWG Derivatives and Capital Markets, Credit Suisse) Mischa Imhof (Senior Sales Manager Indices, SIX)

11:00 AM Insights in Modern Wealth Management and Opportunities for Structured Products

Philipp Rickenbacher (Head Intermediaries & Global Custody, designated CEO Bank Julius Baer & Co. Ltd)

11:50 PM Lunch

02:00 PM Welcome Note Georg von Wattenwyl (CEO Vontobel Singapore, Head EAM Asia and Global Head

Family Offices, Chairman SSPA)

SSPA Workshops02:15 PM Part I: Retail Market – Getting Ready for 2020 Dominique Böhler (Head Public Distribution Structured Products and

ETFs Switzerland, Commerzbank)

03:45 PM Part II: Emphasizing Structured Products in Wealth Management Sylveline Besson (Global Head of Structured Products and OTC Deriva-

tives, CA Indosuez Wealth Management, member of the SSPA committee)

05:30 PM Transfer by Boat Towards Bürgenstock

06:30 PM Apéro

Lobby

Boat (National Pier)

Bürgenstock

Ritz

National

Ritz

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Program | 3

07:00 PM Key Note Speech: The Swiss Financial Center in Challenging Times Prof. Dr. Aymo Brunetti (Professor, Department of Economics of University Berne)

07:30 PM Dinner at Bürgenstock Resort

Please note that after dinner the return from Bürgenstock to the hotel will be by boat after calling at the main train station Lucerne for the 11 pm train for those who wish to return home.

Wednesday, 4 September 2019

06:30 AM Early Bird Sports

08:30 AM Lawyer’s Update on Swiss and European Topics Daniel Häberli (Partner, Homburger AG and Head Legal & Regulation SSPA)

Ülkü Cibik (Senior Associate, Meyerlustenberger Lachenal AG) Henning Bergmann (CEO and Member of the Board of Directors, Deutscher Deri-vate Verband/German Derivatives Association)

09:15 AM Opportunities and challenges in Actively Managed Certificates Rico Blaser (CEO, vestr AG) Stefan Wagner (Global Head of Business Development, vestr AG)

10:00 AM Coffee Break

10:15 AM Update EUSIPA/Inside Brussels Thomas Wulf (Secretary General, EUSIPA)

11:15 AM Across the Border: Presentation and Insights of the Luxembourg Market Nicholas Soerensen (Secretary General, Luxembourg Structured Investment Products Association)

12:00 AM End of Forum – Brown Bag to Go

Photos taken throughout the conference.

Bürgenstock

Bürgenstock

Ritz

4 | Welcome Address

Christian Reuss is Head Sales and Member of the Management Committee of the newly founded business unit Securities & Exchanges, which combines the Trading and Post-Trade businesses at SIX. Prior to that, he was Head Sales & Product Management and Member of the Management Committee at SIX Swiss Exchange being responsible for the Capital Raising Business, Trading and Marketing & Communications. From June 2009 until June 2013, he was CEO of Scoach (by SIX & Deutsche Börse), at the time the largest exchange for Structured Products in Europe.

From 2002 to 2009 Christian worked in several European locations for Goldman Sachs In-ternational in the US Institutional Research Sales & Trading and Equity Flow Derivatives units, ultimately as Executive Director with pan-European responsibility in the Private Investor Products Group in Zurich.

Christian has a degree in business administration from Frankfurt’s Johann Wolfgang Goethe University and a Master of Business Administration from the Henry B. Tippie School of Management at the University of Iowa. He is a CFA Charterholder and completed Executive Management Programs at Harvard Business School and at the IMD.

Christian Reuss

Head Sales, Securities & Exchanges, SIX

Félix Roudier is the Head of Rates trading for Credit Suisse in Zurich, responsible for Swiss Government Bonds, Covered Mortgage Bonds, Sovereigns and interest rate derivatives. He joined Credit Suisse in 2010 as an interest rate derivatives trader, prior to which he worked as a Quant in the financial services industry.

He studied Engineering at the Ecole Nationale des Ponts et Chaussées in Paris and the ETH in Zürich.

Speaker | 5

Félix Roudier

Chair sub-NWG Derivatives and Capital Markets, Credit Suisse

6 | Speaker

Mischa Imhof is a Senior Sales Manager at SIX and is responsible for the global distribu-tion of index solutions and licenses. Before joining SIX, Mischa worked in various areas of the financial industry in Switzerland as well as in Australia. His roles ranged from Private Client Manager of High Net Worth Individuals to Financial Advisor of retail clients to Busi-ness Development Manager of asset management solutions for financial advisory firms.

Mischa Imhof holds an MBA and a Bachelor of Business in Banking and Finance.

Mischa Imhof

Senior Sales Manager Indices,SIX

Designated CEO of Bank Julius Bär, Philipp Rickenbacher has been Head Intermediaries & Global Custody and Member of the Executive Board of Bank Julius Baer since January 2019.Philipp Rickenbacher joined Julius Baer in 2004 and subsequently held various senior leadership roles, including the responsibility for the Structured Products area. In 2016, he was appointed to the Bank’s Executive Board and to his previous role as Head Advisory Solutions. Before joining the Bank, he was employed with McKinsey & Company in Zurich and London from 1997 to 2004, amongst others as Associate Principal.

Philipp Rickenbacher holds a Master of Science in Biotechnology from the Swiss Federal Institute of Technology (ETH) Zurich. Additionally, he is a graduate of the Swiss Finance Institute and of the Advanced Management Program of Harvard Business School.

Speaker | 7

Philipp Rickenbacher

Head Intermediaries & Global Custody, designated CEO Bank Julius Baer & Co. Ltd

8 | Welcome Note

Georg von Wattenwyl is CEO of Vontobel Pte Lte Singapore and responsible for the Fam-ily Office Business worldwide and for External Asset Managers in Asia. Before that the Vontobel veteran was 20 years responsible for the global sales of financial products. Prior to which, he held several positions at Credit Suisse where he worked as a fixed income specialist for several years. Since October 2010, he has been a Committee Member of the Swiss Structured Products Association (SSPA) and was appointed Vice President in September 2011.

Since October 2014, he is President of the association which aims a broad industry-wide representation including the entire value chain with issuers, markets, the buy side and partners in equal measure.

Georg von Wattenwyl

CEO Vontobel Singapore, Head EAM Asia and Global Head Family Offices, Chairman SSPA

Speaker | 9

CEO Vontobel Singapore, Head EAM Asia and Global Head Family Offices, Chairman SSPA

Dominique Boehler, Head Public Distribution Structured Products and ETFs Switzerland, began his career with Dresdner Kleinwort Wasserstein in 2004, initially responsible for the distribution of Structured Products in France and later in Switzerland. After having joined Commerzbank he additionally received the mandate for the distribution of ETFs. Further, he is an active member of various business related associations and committees (SSPA, SFAMA).

Dominique Boehler is a graduate from Oxford University, the London School of Economics and Cass Business School with degrees in Strategy and Innovation, Operational Research and Systems Sciences.

Dominique Böhler

Head Public Distribution Structured Products and ETFs Switzerland, Commerzbank

10 | Speaker

Sylveline Besson was appointed Board member of the Swiss Structured Products Asso-ciation (SSPA) as buy side representative in 2017. She began her career in 1995 at Société Générale as an interest rates derivative sales and then in 1997 as a foreign exchange derivative sales to corporate clients. She joined CA Indosuez (Switzerland) SA in Geneva in 2001 as an investment advisor where she initially advised private clients on portfolio management. In 2006, she became Head of Structured Products for the entity and its subsidiaries in Asia, and in 2012, was promoted to Global Head of Structured Products for Indosuez Wealth Management with international teams based in Switzerland, Europe, Asia and Americas. She took over additional responsibility for OTC derivatives in 2016.

Sylveline Besson holds a Master 2 degree in finance (corporate finance and financial mar-kets practices) from the University of Strasbourg.

Sylveline Besson

Global Head of Structured Products and OTC Derivatives, CA Indosuez Wealth Management Member of the SSPA committee

Panel: The latest legal developments | 11

Aymo Brunetti is full professor at the Department of Economics of the University of Bern. Until 2012, he worked at the federal administration as head of the Economic Policy Direc-torate at the State Secretariat for Economic Affairs. Currently, he also heads the Swiss government’s Advisory Board on the future of the financial centre

Prof. Dr. Aymo Brunetti

Professor at the Department of Economics of University Berne

Key Note Speaker | 11

12 | Speaker

Daniel Haeberli is a banking and finance as well as a capital markets transactions and financial market regulations specialist. He is particularly focused on secured lending, syndicated debt and structured financing as well as derivatives, securitized structured products, investment funds and bond offerings. Daniel is the co-head of Homburger's TechGroup and regularly advises clients on tokenization of securities and other crypto asset matters. Daniel Haeberli is heading the working group Legal & Regulation of the Swiss Structured Products Association SSPA and was a member of a group of experts mandated by the Swiss government with the drafting of the implementing rules on the new Swiss prospectus regime and the new Swiss Basic Information Document under the Swiss Financial Services Act.

Daniel Häberli

Partner, Homburger AG and Head Legal & Regulation SSPA

Panel: The latest legal developments | 13Speaker | 13

Ülkü Cibik is a senior associate in the firm’s banking & finance team and heads the Tur-key desk, based in Zurich. She is experienced in structured products and derivatives and advises both domestic and international issuers with regard to the issuance and listing of structured products as well as the regulation and distribution of structured products. She also has expertise in investment funds and bond offerings, syndicated debt and struc-tured financing, regulatory matters and crypto-currency related projects. Ülkü Cibik is an authorised representative at the Swiss stock exchange and is the firm’s delegate to the Swiss Structured Products Association SSPA.

Since October 2018 Ülkü Cibik is mandated personally by the Swiss Structured Products Association SSPA to act as legal advisor and supports the Legal & Regulation working group of the association.

Ülkü Cibik

Senior Associate, Meyerlustenberger Lachenal AG

14 | Speaker

In March 2019, Dr Henning Bergmann assumed the role of CEO and Member of the Board of Directors at the Deutscher Derivate Verband (German Derivatives Association).

Prior to joining the association in October 2017 as Managing Director, Henning Bergmann was Head of Capital Markets at the German Savings Banks Association in Berlin from 2008–2017 where he was involved in the association’s representation of interests and was responsible for the implementation of capital market regulations across the Savings Banks Finance Group (e.g., MiFID II/MiFIR, PRIIPs & EMIR). From 2004–2008 he served as Head of Investment Management at the Savings Banks Association of Lower Saxony.

Henning Bergmann is a banker and lawyer. He is the author of several publications on capital markets regulation, investor protection, and banking. He continues to lecture in seminars and conferences on capital markets. He has been a member of the ESMA Con-sultative Working Group on Investor Protection & Intermediaries Standing Committee (IPISC CWG) since 2015.

Henning Bergmann

CEO and Member of the Board of Directors, Deutscher Derivate Verband (German Derivatives Association)

Panel: The latest legal developments | 15

In the late 1990s, Rico was based in the Silicon Valley, applying ground-breaking computer science research from the University of California, Berkeley and Stanford University to open problems in finance. This work was performed in close collaboration with top-tier banks in New York at a time when SEC Regulation ATS (and later NMS) levelled the playing field in US equities trading. Leading up to the financial crisis, Rico worked in London and New York, where he was in charge of a multi-billion proprietary trading book at a top US bank. The trading strategies earned millions for the bank without a single down year and achieved their best perfor-mance during the 2008 market dislocation. Rico also traded exotic derivatives for the same institution, sharing responsibility for a complex and highly profitable correlation book. After returning to Switzerland, Rico joined a Swiss bank, where he later advanced to become the deputy head of cross-asset structured products. During his tenure, Rico’s team also managed a sizeable operation in Actively Managed Certificates with equities, bonds, funds, futures and options underlyings. Rico is the founding CEO of vestr AG, a Zug-based fintech startup providing white-labeled business-to-business software solutions to the financial services industry. The company is backed by SIX Ventures and other high-profile investors.

Rico Blaser

CEO,vestr AG

Speaker | 15

16 | Speaker

Stefan’s career within the financial services industry spans almost 25 years with an em-phasis on trading and structuring derivatives and derivative-based investment strategies. He started his career as a derivative structurer at Bankers Trust in 1994 and went on to establish Citigroup’s European exotic options trading desk. He ran one of the most active and consistently profitable equity option trading teams globally and was credited with developing a number of innovations in the interbank option market. Latterly, Stefan ran Citi’s EMEA structured products business where he developed a range of investment products and funds. Over $50 billion of these investments were successfully placed with high net worth and institutional clients. Stefan went on to establish Nalu Capital S.A. specializing in derivative and value investing arbitrage strategies before managing the global Delta One business at Vontobel Zurich. This included Actively Managed Certificates and themed investments. In addition to being an early stage fintech investor, he is an investment committee member and advisor to a UK based multi-family office and asset managers located in the UK and Luxembourg. He joins vestr AG as the Global Head of Business Development.

Stefan Wagner

Global Head of Business Development, vestr AG

Panel: The latest legal developments | 17

Thomas Wulf holds the office of Secretary General in EUSIPA since January 2012. As of 2014 he also is involved in the management of the Belgian sector association. Thomas changed to the association world from his previous position as senior manager in Linklaters LLP, a law firm, where until 2011 he was Head of Business Development for Western Europe. A lawyer by profession, Thomas started his career in the Brussels-based EU liaison office of Commerzbank AG where he worked from 2002–2005.

He regularly lectures on regulatory issues relating to structured products at SDA Bocconi School of Management in Milan.

Thomas Wulf

Secretary General, EUSIPA

Speaker | 17

18 | Speaker

Nicholas has almost 15 years of experience in structured product origination, advisory, OTC trading, regulation and association work. He has been a regular speaker and pan-elist at industry conferences across Europe for over a decade. Next to his duties as Sec-retary General of LuxSIPA, Nicholas has been working for Deutsche Bank throughout his entire career, stationed in Luxembourg, Frankfurt, Vienna and New York in various product related roles.

He holds two MSc degrees in Finance and Strategic Management from the Copenhagen Business School and the Community of European Management Schools (CEMS). His pre-ferred pastime is spending quality time with his family, philosophy, and good and plen-tiful food.

Nicholas Soerensen

Secretary General, Luxembourg Structured Investment Products Association

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SIXSecurities & ExchangesPfingstweidstrasse 110P.O. BoxCH-8021 ZurichT +41 58 399 5454www.six-group.com/exchange-services