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REDmoney Capital Markets Week
Understanding the Buy-side and the Sell-side
5th - 8th July 2021
AGENDA AND FORMAT
Each session will be interactive in a seminar format, with participants encouraged to engage with questions throughout.
PLATFORM
This two-part training program will be delivered online through a stable, secure and free-to-access platform. The program itself will be delivered through lectures, worked examples and case studies in order to ensure a detailed and practical understanding of the program content. Participants will have plenty of opportunity to ask questions and interact with the program director. Login details and program materials will be sent to participants upon receipt of payment
Register Now
Send me Details
1 participant: RM2,900/$750
2 participants: RM5,800/$1,500
3 participants: RM8,700/$2,250
4 participants: RM11,600/$3,000
5 participants: RM14,500/$3,750
Early Payment Discount: Payments made on or before 30th June 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.
1 participant: RM1,450/$375
2 participants: RM2,900/$750
3 participants: RM4,350/$1,125
4 participants: RM5,800/$1,500
5 participants: RM7,250/$1,875
Early Payment Discount: Payments made on or before 28th June 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.
If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More
For enquiries please contact:
Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25
Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44
Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810
For sponsorship & speaking opportunities:
Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802
For marketing and media enquiries
Anna Rozana Ramli
Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22
Fund and Asset Management
Structuring, Governance and Operational Issues
Date: 5th & 6th July 2021
The growth of middle classes across the world has led to a proliferation of wealth and asset management opportunities on offer. Despite its potential size, investment management remains a formidably competitive market, with many factors determining success. Not least, fund structure, management, operations, fees and governance.
This short, concise, practitioner-led program will allow you to understand key features of successful fund and asset management. Participants will learn the key considerations of asset management, including the definition and purpose of a fund, the investment mandate and the importance of the asset. They will then be provided with detailed coverage of operations, governance, market participants and different type of funds, as well as important Shariah compliant considerations. The program will also pay attention to the growing demand for ethical and sustainable investment opportunities, and how the market is responding to the demand, as well as the impact of the current Covid-19 pandemic.
- Understand the features, objectives, mandate and risk profile of an investment fund
- Assess important considerations for structuring and constructing an investment fund
- Identify key issues and decisions relevant to fund incorporation
- Understand vital governance matters and how to ensure compliance
- Evaluate fund types: structure, features, operations and mandates
- Assess the applicability and suitability of different fund types to various investment scenarios
- Review the ways in which ESG and responsible investments are defined and their impact on fund management
- Identify important Shariah compliance and non-compliance issues for funds
- Discuss the market for Shariah compliant investment and wealth management products
- Portfolio and Pension Fund Managers
- Mutual Fund Managers
- Client Relationship Managers
- Private Bankers and Wealth Management professionals
- Insurance Companies and Independent Financial Advisors
- Family Offices and High-Net-Worth Individuals
- Endowment Trustees
- Asset Allocation Managers
- Auditors and Risk Managers
- Consultants, Compliance and Legal teams
Part One: Fund Construction, Operations and Governance
Key Considerations for Structuring and Constructing a Fund
- What is a fund, what is its objective, uses and purpose?
- Evaluating the investment mandate of a fund and understanding how this impacts a fund’s structure
- Assessing a fund’s risk profile: what does this mean when structuring the fund?
- Undertaking effective fund incorporation: key issues to consider
- Discussing the key concept of the risk-free asset
- Identifying transactional issues and how these influence fund structure
Important Fund Operation and Governance Issues
- Assessing company structure: making important decisions at the outset
- Identifying key functions and roles within the fund
- Discussing vital fund operational issues
- Examining important governance issues and ensuring compliance
- We need to talk about fees: establishment, structure and disclosure of investment fees
- Understanding the importance of benchmark size
Part Two: Examining Shariah Compliant Fund Types
Examining Types of Funds
During this section we examine the objectives, structure, features, operations and mandates of several fund types. We also discuss the challenges and limitations of each and discuss the applicability and suitability of each to various investment scenarios.
During this section we examine the objectives, structure, features, operations and mandates of several fund types. We also discuss the challenges and limitations of each and discuss the applicability and suitability of each to various investment scenarios.
- Fixed income funds
- Commodity funds
- Real estate funds and REITs
- Equity funds
- Exchange Traded Funds
- Hedge funds
Looking at ESG and Responsible Investments
During this section we examine ESG and responsible investment funds.
During this section we examine ESG and responsible investment funds.
- General definition of ESG and responsible investments
- How to apply ESG criteria to funds
- Challenges and opportunities of ESG and responsible investment
- What is the potential universe for ESG investments?
- Structuring Impact Investments: Balancing a mandate that invests responsibly and also prioritises returns
Impact of Covid-19 Pandemic on the Investment Management Sector
During this section we examine ESG and responsible investment funds.
During this section we examine ESG and responsible investment funds.
- Pandemics through history and their impact on investment management
- Examining the variety of responses to the pandemic and what this means for funds
- Opportunities and challenges presented for fund managers
Assessing Challenges and Opportunities with Shariah Compliant Funds
- What are the main challenges with structuring Shariah compliant investment funds?
- Discussing non-compliance of an asset and its implications
- Implementing practical ways to manage and mitigate Shariah non-compliance risk in asset management
- Discussing standardisation and what it means for Shariah compliant investment management
- Evaluating the investment universe for Shariah compliant investment and wealth management products: what opportunities are on offer?
- What do these opportunities mean for product evolution, particularly in area of Shariah compliant wealth management?
- Assessing the important role of cash and cash-like instruments
- What opportunities does Waqf present for the managers of Islamic funds?
Course Conclusion and Wrap-Up
Dr Natalie Schoon, CFA, LLM
Dr Natalie Schoon, CFA, LLM, is a results-driven professional with a broad background across the financial industry. She has lived and worked in Europe, the Middle East, and Asia working with both small and large organisations in the financial services industry. Most recently she has successfully completed a regulatory change project for RBS in the UK covering the submission of permission extensions for the application of IRB Credit Risk models to 2 additional entities of the bank, a full Enterprise Wide Risk wide review of CRR articles related to the risk modelling framework, an assessment of the use of the advanced IRB approach for parts of the mortgage book, a gap analysis on the models in the context of IFRS9 including LDP portfolios, and advised the ICB programme on regulatory approaches.
At the Agricultural Development Fund in Afghanistan, Natalie headed up the Islamic financial services section and was responsible for the design, implementation, and management of the Islamic financial services offered which included credit risk assessment, lending procedures, personnel management, and subsequent succession planning. As Head of Product Research at BLME, she was responsible for product development, which included risk assessment, responding to consultation papers from the UK regulators, representing the bank on the All Parliamentary Group on Islamic Finance, the design and implementation of the Bank Operating Model, and engaging with the regulator to complete the application for the banking license. Natalie was the secretary to ExCo and a member of ALCO. Natalie was the COO for GWK Bank in Bahrain, where she was responsible for all operations including treasury, cash management, accounts, regulatory reporting, and personnel, and managed the relationship with the Central Bank of Bahrain.
Natalie works closely with the Chartered Institute for Securities and Investment (CISI) in the UK on regulatory workbooks and has recently finalised an advisory role on a World Bank project for mortgage lending in Pakistan and is currently working on a regulatory change project in the context of Brexit.
The Deal Mechanics of Sukuk Instruments
Structuring, Arranging and Distribution
Date: 7th & 8th July 2021
With an ever-increasing awareness of Shariah compliant capital raising products, and with new issuers continuously coming to market, the opportunities associated with structuring and advising on Sukuk instruments have proliferated. Understanding Sukuk from the point of view of an issuer and being equipped to effectively advise on important areas such as structure, arranging, pricing, deal milestones, distribution and investor relations allows such opportunities to be capitalized on.
Over six hours, this practitioner-delivered online program will allow participants to better understand the intricacies of Sukuk structuring, arranging and distribution. Key concepts will be revisited, but the course will focus on the practical and real-life considerations of advising on and issuing Sukuk.
- Understanding important considerations for the issue of Sukuk instruments, from the perspective of an issuer
- Identifying and arranging key stages and components of the deal, the parties involved and successfully achieving important milestones
- Understanding structuring options and matching issuer funding requirements
- Pricing Sukuk and effectively using credit enhancement features
- Understanding issuer Type, investor appetite, Sukuk mechanics and structuring determinants
- Using real-life deals as examples and case studies to illustrate important concepts
- Investment bankers and advisors
- Capital market origination teams
- Islamic bankers
- Finance, risk and treasury professionals
- Audit and compliance professionals
- Chief financial officers and senior treasury professionals from issuers
- Regulators and supervisors
- Rating agencies
Part One: 7th July
Session one: Advising on Sukuk from an Issuer’s Perspective
- Why Sukuk? Assessing the various pros and cons of Sukuk vs. syndicated financing vs. bank borrowings, and identifying important considerations in the capital raising process
- Identifying the tax and fiscal benefits of issuing Sukuk
- Key considerations: Is Sukuk a cost and time effective option?
- The issuer’s balance sheet: Sukuk and balance sheet management – off and on balance sheet
- Parties crucial to the process and their respective roles – Issuance Modus Operandi
- The issue process for Sukuk instruments – key milestones
- Real Life Examples: Leading issuer profiles – Sovereign and corporate
Session Two: Advising on Sukuk Structures – Plain Vanilla to Structured Products
- Outlining the general type and structure of Sukuk in the market today
- Discussing plain vanilla structures and the options they offer issuers
- Matching the suitability of various Sukuk structures to specific issuer financing requirements
- Discussing regulatory capital requirements for financial institutions: Tier 1 and Tier 2 Sukuk
- Objectives for issuing Tier 1 and Tier 2 Sukuk
- What are the key considerations for structuring Tier 1 Sukuk?
- What are the key considerations for structuring Tier 2 Sukuk?
- Real Life Examples: Leading issuers profile – regulatory capital
Part Two: 8th July
Session One: Advising on Pricing, Ratings, Credit Enhancement and Regulation
- Pricing options: Fixed and variable price Sukuk
- Pricing profit and loss sharing structures: Sukuk Musharakah
- Credit enhancement options for issuers
- Pricing and market dynamics: discussing types of investors and market depth
- Advising issuers on credit enhancement and pricing trade-off
- Liquidity issues for Sukuk instruments
- Navigating the regulatory framework for Sukuk issuance
- Real Life Examples: working through term sheets of notable transactions Sukuks
Session Two: Issuer Type, Sukuk Mechanics and Structuring Determinants
- Matching issuer type and funding needs: assessing short term and long-term requirements
- What is an investors’ mandate and how important is holding period horizon?
- Listed and unlisted Sukuk offerings
- Discussing tradability and market making for Sukuk markets
- Further analysis of issuer type: assets intensive issuers versus operations dominated issuers (asset-based vs asset-backed choice or limitation)
- Case Study: Comparing plain vanilla and structured Sukuk instruments
Mohammad Aamir, Islamic finance practitioner and investment banking professional
Mohammad Aamir is an Islamic finance practitioner and investment banking professional with diversified conventional and Shariah compliant finance experience. He is Member of the Institute of Cost and Management Accountants of Pakistan and carries with him 20 plus years of experience. Aamir has worked in senior positions with leading organizations and with the financial advisory arm of one of the big 4 accounting firms.
Aamir has undertaken pioneering work in the financial services industry in Pakistan and the South Asian region. Several financial products under his development are registered under intellectual property laws, including one designed for the Modaraba sector to mobilize long term financing on a Musharakah basis from capital markets. The product was successfully launched and listed on the country’s premier stock exchange. For this transaction, Aamir also acted as advisor and arranger and advised on the necessary Shariah and regulatory approvals. As a financial advisor in the early 2000s, Aamir led the IPO of one of the Islamic finance industry’s pioneering Musharakah, which served as a ground-breaking deal for the Islamic finance industry to follow. Aamir has structured several complex off-balance Islamic project financing vehicles. In conventional finance Aamir has structured complex securitization and bond transactions involving innovative credit enhancement features. Aamir has in-depth exposure to equity/debt structuring and fund raising, securitization, M&A/valuation, Sukuk, structured finance, credit ratings and alternative assets such as private equity & REITs. Aamir has worked with internationally renowned Shariah scholars on deal structuring and has played active roles in the development of Islamic capital markets. Aamir is also associated with IFN (a REDmoney Group Publication) since 2009 as a contributor and is now IFN’s Global Islamic structured finance correspondent. His writings have covered topics on structured finance, liquidity management tools and solutions, credit ratings and Global financial crises (GFC) of 2008. Aamir’s research on the US economy set to the backdrop of GFC was published in 2009.
REGISTRATION
CPE/CPD Applicable:
One Program Fee
1 participant: RM1,450/$375
2 participants: RM2,900/$750
3 participants: RM4,350/$1,125
4 participants: RM5,800/$1,500
5 participants: RM7,250/$1,875
Early Payment Discount: Payments made on or before 28th June 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.
Both Programs Fee
1 participant: RM2,900/$750
2 participants: RM5,800/$1,500
3 participants: RM8,700/$2,250
4 participants: RM11,600/$3,000
5 participants: RM14,500/$3,750
Early Payment Discount: Payments made on or before 30th June 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.
If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More
For enquiries please contact:
Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25
Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44
Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810
For sponsorship & speaking opportunities:
Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802
For marketing and media enquiries
Anna Rozana Ramli
Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22
