Insights

Insights Archive
  1. Unbundling Uncovered London – November 9th

    Written by Mike Carrodus | October 5, 2021

    Over 600 attendees joined us online in June 2021 to debate the key implications of the regulatory and COVID-driven virtual environment on US and European research markets. On November 9th we will reunite the investment research industry at the Institute of Directors, 116 Pall Mall, London to discuss how research and data providers are addressing demand for ESG inputs, how research and corporate access valuations emerge from COVID lockdowns, what is driving the increase in demand for expert network services, implications of the changes to MiFID II research rules in Europe and the UK, and how the buyside is balancing and administering research, ESG data and Alt data budgets.

    Join us on the 9th November 2021 to hear industry leaders discuss how their approaches to research budgeting, valuation and compliance are evolving as we engage with a post-lockdown, ESG and Alt Data focused research and data market.

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


    Speakers include:

    Alex Andronov, Global Head of Business Development, Global Research, HSBC
    Julia Ashworth, Co-Chair, Euro IRP
    Félix-A. Boudreault, Managing Partner, Sustainable Market Strategies
    Alex Coffey, Head of EMEA Research, Jefferies
    Kevin Coleman, CEO, Coleman Research
    Youssef Essaegh, Director of Product Management, Sentieo
    Pedro Fernandes, Founder & CEO, ResearchPool
    Marie-José Freier, Head of Cross Asset ESG Research, Barclays
    Max Friberg, CEO, Inex One
    Amrish Ganatra, Co-founder & CEO, Commcise
    Jason Glazer, Chief Operating Officer, Cornerstone Macro
    Shai Hill, Founder & CEO, Integrum ESG
    Tom Hinton, Head of Issuer Services and Digital Platforms, London Stock Exchange
    Robin Hodgkins, President, Castine LLC
    Francis Land, Director of Strategy for Broker, Research, Sales & Trading, IHS Markit
    Mark Loehr, Chief Executive Officer, OpenExchange
    Brijesh Malkan, VP, Product, Singletrack
    Graham Mills, Co-Founder & MD, techspert.io
    James Nadin, Research Manager, Artemis
    Oliver Pratley, Research Relationship Manager, Invesco
    Cath Rawcliffe, VP of Sales and Marketing, Singletrack

    Hugo Sanders, Director of Corporate Access & Research, Wellington Management
    Neil Scarth, Principal, Frost Consulting
    Puja Schams, Lombard Odier Investment Managers
    Rudolf Siebel, Managing Director, German Investment Funds Association (BVI)
    Terence Sinclair, Global Franchise Director, Citi Research

    Alex Stewart, Head of Global Sales & Product Strategy, CorpAxe
    Eveline Varin, CEO, Denny Ellison
    Karen Zachery, CEO, Crux Asset Management
    *tbc

    Welcome: Mike Carrodus, Chief Executive Officer
    09:15 GMT

    Panel 1: The Regulatory Outlook – how is regulation in ESG reporting, data and research markets affecting demand and supply?
    9:30am GMT

    Regulation in research consumption, ESG reporting and market data services is changing rapidly, with implications for the buy side, brokers and corporates. Whilst research unbundling may be largely complete apart from some final tweaks, the market MiFID II created is still evolving, while at the same time ESG reporting rules add further complexity to investors’ research and data needs. How far through this process are we, and what regulatory-driven change still lies ahead?

    Moderator: Mike Carrodus, CEO, Substantive Research
    Speakers:  Pedro Fernandes, Founder & CEO, ResearchPool
    Julia Ashworth, Co-Chair, Euro IRP
    Tom Hinton, Head of Issuer Services and Digital Platforms, LSE
    Rudolf Siebel, Managing Director, German Investment Funds Association (BVI)

    Coffee break
    10:20am GMT

    Panel II: Valuation and Budgeting
    11:00am GMT

    How has the pandemic affected the buyside’s valuation processes and the way they reward research, and how much of that change is structural? Are the majority of asset managers gravitating towards more interaction or more vote driven valuation models? Has the move to virtual interactions created a valuation mismatch between the buy and sellside, and if so how and why? How will these dynamics evolve as we return to a post-lockdown market?

    Moderator: Brijesh Malkan, VP, Product, Singletrack
    Speakers:  Oliver Pratley, Research Relationship Manager, Invesco
    Amrish Ganatra, Managing Director, Commcise
    Puja Schams, Lombard Odier Investment Managers
    Robin Hodgkins, President, Castine LLC
    James Nadin, 
    Research Manager, Artemis
    Francis Land,
    Director of Strategy for Broker, Research, Sales & Trading, IHS Markit

    Panel III: ESG Research & Data Budgeting, Sourcing and Consumption
    11:55 GMT

    To accompany the swift growth in ESG-aligned assets under management, buy side firms are quickly creating internal capacity to make ESG-driven investment decisions, but the data and research market is still young. How are asset managers engaging with the new ESG research and data markets in terms of budgeting and sourcing, and how are their existing providers adapting their offerings? Where has most innovation been seen, and where have the new launches gained most traction?

    Moderator: Hamish Risk, Head of Research Discovery, Substantive Research
    Speakers: Marie-José Freier, Head of Cross Asset ESG Research, Barclays
    Eveline Varin, CEO, Denny Ellison
    Neil Scarth, Principal, Frost Consulting
    Félix-A. Boudreault, 
    Managing Partner, Sustainable Market Strategies
    Shai Hill, 
    Founder & CEO, Integrum ESG

    Lunch
    12:45 GMT

    Panel IV: The post-MiFID II, post-lockdown research provider – what do they look like and how do they succeed?
    13:55 GMT

    Research is changing and clients are demanding that change. The pandemic has put providers into sharp relief in terms of the quality of their research and the ability to deliver it virtually. Meanwhile traders and investors have increasingly turned to new data sets and/or new sources. How have providers responded to these needs? How can you have a dynamic channel and packaging strategy when so much of the fundamental infrastructure is still identical to a decade ago?

    Moderator: Mike Carrodus, CEO, Substantive Research
    Speakers: Cath Rawcliffe, VP of Sales and Marketing, Singletrack
    Jason Glazer, Chief Operating Officer, Cornerstone Macro
    Mark Loehr, 
    Chief Executive Officer, OpenExchange
    Terence Sinclair, 
    Global Franchise Director, Citi Research
    Youssef Essaegh, Director of Product Management, Sentieo

    Coffee break
    14:50 GMT

    Panel V: Expert Networks – How is the market evolving and what does that mean for the buy side?
    15:20 GMT

    The use of expert networks is growing fast – and asset managers of all strategies and sizes are getting involved. As more and more buy side firms increase their use of this resource what are the best ways of ensuring their investment functions derive significant value from their interactions with experts, and given all the M&A news what are the key trends to be aware of as the industry evolves?

    Moderator: Mike Carrodus, CEO, Substantive Research
    Speakers: Kevin Coleman, CEO, Coleman Research
    Max Friberg, CEO, Inex One
    Graham Mills, 
    Co-Founder & MD, techspert.io

    Panel VI: The future of the research budget
    16:10 GMT

    Balancing the investment function’s needs with a finite research budget has been a challenge in the last 18 months, as research went virtual, and the immediate needs of fund managers changed. On top of this, research demand from investment functions is changing structurally – increasingly PMs are looking for Alt Data and ESG inputs to add to their core relationships. How are asset managers approaching these new needs with incumbent providers that expect significant remuneration, and how do they envisage their processes adapting as we come out of lockdown?

    Moderator: Mike Carrodus, CEO, Substantive Research
    Speakers: Alex Coffey, Head of EMEA Research, Jefferies
    Karen Zachery, CEO, Crux Asset Management
    Hugo Sanders, Director of Corporate Access & Research and Data Services, Wellington Management
    Alex Andronov, Global Head of Business Development, Global Research, HSBC
    Alex Stewart, Head of Global Sales & Product Strategy, CorpAxe