Defining Best Practice in Research Procurement

In November 2023 over 400 attendees from the buy and sell side joined us in London to debate how proposed MiFiD II softening would translate to changes in research rules in 2024, how budgets and research supply could change as a result, and also assess how firms on both the buy and sell side were adopting potentially transformational new technologies.

On June 13th 2024 we will reunite the North American investment research industry at the Metropolitan Club, New York – panels will cover the potential for regulatory alignment across North America and Europe, how research budgets are changing structurally in terms of demand and diversity, the potential that AI represents and the accompanying compliance and legal concerns, and how the continuing integration of data and research is changing demand, accountability and delivery of these inputs for the investment function.

Attendance for confirmed buyside delegates is complimentary, and there are also a limited number of complimentary sellside places.

Speakers include:
Sarah Ahmed, Director of Corporate Access, Artisan Partners*
Alex Andronov, Global Head of Business Development – Global Research, HSBC
Irina Babushkina, SVP – Equity Research, Neuberger Berman
Bill Bierds, President, BCC Group
Jim Bode, Global Head of Broker Relations, Alphasense
Gerard Breen, Manager – Wholesale Markets Sector Team, Financial Conduct Authority
Mike Carrodus, CEO, Substantive Research
Milind Chidrawar, Senior Product Manager, Singletrack
Jan Childress, Director – Investor Relations, Consolidated Edison
Doug Christensen, Head of Capital Market Solutions, SS&C Tier 1
Simon Edwards, Chief Revenue Officer, BlueMatrix
Thomas Elnick, Co-Founder & Co-CEO, Tegus
Amrish Ganatra, Chief Executive Officer, Commcise
Lauren Giametta, Director – Research Services, Blackrock
David Harrison, Head of Investment Business Management, Royal London Asset Management
Bryan Healey, CTO, Aiera
Robin Hodgkins, President, Castine LLC
Stuart Howard, Global Head of Research Relationships & 1st Line Controls, Invesco
Rachel Kent, Chair, UK Investment Research Review*
Blair Livingston, CEO, Street Context
Brijesh Malkan, Chief Strategy Officer, Singletrack
Steve Moreno, Director Global Research and Data Services, Capital Group
Robert Murillo, Head of Business Management & Operations, Public Market Investments, Franklin Templeton
Brendan Nelson, Global Head of Product, Third Bridge
Mark Pellegrino, CEO, CorpAxe
Jack Pollina, Global Head of Commission Management, Virtu
Arin Amanda Prisand, Head of Corporate Access – Americas, Mizuho Securities USA
Amara Raines, Director of Broker Relations, Schonfeld
Rahul Ravikrishnan, Head of Product – Research, Eidosmedia
Czarina Reinante, Head of Market Data Spend Analytics, Substantive Research
Indy Sarker, CEO, ANALEC
Neil Scarth, Principal, Frost Consulting
Steve Stone, Partner, Morgan Lewis & Bockius LLP
Chuck Triano, Head of Investor Relations, Biogen
Aaron Walter, Head of Research Management, Janus Henderson
Sebastian Wiesener, Head of External Research Services for Europe and EMEA, T.Rowe Price

TBC*

Coffee & Registration
8.30 – 9.00am EST

Welcome Address
Mike Carrodus, CEO, Substantive Research
09.00 – 9:10am EST

Keynote Address
Gerard Breen – Manager, Wholesale Markets Sector Team
Financial Conduct Authority
9:10 – 9:30am EST

Panel I: How the Regulatory Environment will shape the Research Industry in 2024
9:30 – 10:20am EST

What are the key points to focus on as we map out the likely scenarios ahead for research consumption and payments in Europe? Can a P&L funded market reverse back into passing research costs onto end investors, and if so what are the steps required for that to happen? What is best for end investors, and how will the narrative play out with them? What does that mean for transparency and governance of research costs?

Moderator: Mike Carrodus, CEO, Substantive Research
Speakers: David Harrison, Head of Investment Business Management, Royal London Asset Management
Robin Hodgkins, President, Castine LLC
Rachel Kent, Chair, UK Investment Research Review*
Jack Pollina, Global Head of Commission Management, Virtu
Steve Stone, Partner, Morgan Lewis & Bockius LLP
Aaron Walter, Head of Research Management, Janus Henderson

Coffee Break
10:20 – 11:00am EST

Panel II: The Evolution of the Research Budget
11:00 – 11:50am EST

Regulation, demands for data, M&A and AI are all impacting research budgets that had only just settled into an established structure post-MiFID II. What will the research budget look like in 2024 and beyond, and how is the allocation of that budget and the consumption of research by asset managers changing? How is the rebundling noise from the UK and the EU being digested and what are initial reactions?

Moderator: Mike Carrodus, CEO, Substantive Research
Speakers: Amrish Ganatra, CEO, Commcise
Doug Christensen, Head of Capital Market Solutions, SS&C Tier 1
Lauren Giametta, Director, Research Services, Blackrock
Sebastian Wiesener, Head of External Research Services for Europe and EMEA, T.Rowe Price
Indy Sarker, CEO, ANALEC

Panel III: The Research Technology Boom
11:50 – 12:40pm EST

How can research providers and consumers use technology to scale more effectively, and what does that mean for the economics of the market? How are generative AI and other emerging technologies affecting the demand for research now and how will it affect it in future? How do you understand and balance risk in the face of potentially losing competitive advantage? What do we need to understand about new technologies in order to harness them most effectively?

Moderator: Brijesh Malkan, Chief Strategy Officer, Singletrack
Speakers: Simon Edwards, Chief Revenue Officer, BlueMatrix
Bryan Healey, CTO, Aiera
Brendan Nelson, Global Head of Product,Third Bridge
Blair Livingston, CEO, Street Context
Rahul Ravikrishnan, Head of Product – Research, Eidosmedia

Lunch
12:40 – 1:50pm EST

Panel IV: The Integration of Data and Research – budgeting, sourcing and procuring across a wide range of inputs
1:50 – 2:40pm EST

Given that data and analytics are increasingly incorporated into alternative and long only managers’ internal processes, how is supply and demand for external data and research adapting to align with this trend? Can data procurement best practices provide pointers to the research market and vice versa? How have brokers adapted and repackaged research for their clients’ more data driven approaches, and how is the buy side delineating research and market data budgets given this overlapping trend?

Moderator: Mike Carrodus, CEO, Substantive Research
Speakers: Jim Bode, Global Head of Broker Relations, Alphasense
Bill Bierds, President, BCC Group
Stuart Howard, Global Head of Research Relationships & 1st Line Controls, Invesco
Steve Moreno, Director Global Research and Data Services, Capital Group
Czarina Reinante, Head of Market Data Spend Analytics, Substantive Research

Coffee Break
2:40 – 3:20pm EST

Panel V: Engaging with Corporates – Access, Data & Content
3:20 – 4:10pm EST

The conference calendar is back – activity is high and the sell side has reasserted its role as a key intermediary, while virtual interactions have emboldened many buy side firms to contact and communicate with companies directly. How does that balance with the C-suite becoming far choosier on when and why it travels? What differentiates the sell side’s corporate access services in this new hybrid world? How are corporates approaching their IR differently now, and what would help them most from brokers and the buy side?

Moderator: Mark Pellegrino, CEO, CorpAxe
Speakers: Sarah Ahmed, Director of Corporate Access, Artisan Partners*
Irina Babushkina, SVP, Equity Research, Neuberger Berman
Jan Childress, Director, Investor Relations, Consolidated Edison
Arin Amanda Prisand, Head of Corporate Access, Americas, Mizuho Securities USA
Chuck Triano, Head of Investor Relations, Biogen

Panel VI: Research Valuation – How aligned are research consumers and providers’ assessment of value?
4:10 – 5:00pm EST

How do buy and sell side research valuation processes compare when you look at them in detail? How can they become more aligned to ensure providers invest in areas that deliver the greatest value? How close are both sides to agreeing on one set of data to define how valuable each relationship is to both parties? What happens to this dynamic if payment optionality in Europe happens in practice?

Moderator: Mike Carrodus, CEO, Substantive Research
Speakers: Alex Andronov, Global Head of Business Development, Global Research, HSBC
Milind Chidrawar, Senior Product Manager, Singletrack
Thomas Elnick, Co-Founder & Co-CEO, Tegus
Robert Murillo, Head of Business Management & Operations – Public Market Investments, Franklin Templeton
Amara Raines, Director of Broker Relations, Schonfeld
Neil Scarth, Principal, Frost Consulting

Cocktail Reception
5:00 – 6:00pm EST