Friday, 11 January 2019

08:15-09:00

Registration

Conference Chairman: Abhishek Loonker, CFA

Director, CFA Society India
Director – Investments, Ascent Capital

09:00-09:20

Conference Opening and Welcome

Message on behalf of CFA Society India
Navneet Munot, CFA
Chairman, CFA Society India
CIO, SBI Funds Management Pvt. Ltd.

Message on behalf of CFA Institute
Nick Pollard
Managing Director, Asia Pacific
CFA Institute

09:20-10:25

Incorporating Geopolitical Analysis into your Investment Process

Vice President, Geopolitical Strategy, BCA Research

  • Why geopolitics is essential to the investment process
  • How to approach political and geopolitical issues with methodological rigor
  • Three case studies: US politics, US-China trade tensions, and European populism
  • The 2019 geopolitical outlook and its implications for markets

Moderator: Ananth Narayan
Associate Professor, SP Jain Institute of Management and Research (SPJIMR)

10:55-12:00

India’s Economic Ambitions: Can the Financial Sector Deliver?

Deputy Director of the Monetary and Capital Markets Department (MCM)
International Monetary Fund (IMF)

• Discusses the state of India’s financial sector from an international perspective.
• Provides views and comments on effectiveness of recent reforms.
• Makes recommendations to enhance the financial sector so it can help deliver India’s growth ambitions.

Moderator: Ajit Ranade
Group Executive President and Chief Economist, Aditya Birla Group

12:00-13:05

Decision Making under Uncertainty – Less Is More

Director, Harding Center for Risk Literacy, Max Planck Institute for Human Development

  • Should Risk and Uncertainty be differentiated?
  • What is “rational” decision-making under uncertainty?
  • How useful are academic theories for real world financial decisions?
  • Can simple heuristics lead to better predictions than complex models

Moderator:  Madhu Veeraraghavan
Director & T.A. Pai Chair Professor of Finance, T. A. Pai Management Institute (TAPMI)

13:05-14:00

Networking Lunch

14:00-15:05

The Wisdom of Finance – Mihir Desai in conversation with Paul Smith, CFA

Mizuho Financial Group Professor of Finance, Harvard Business School
Professor of Law, Harvard Law School

  • Explains the deep connection between finance and morality where both worlds are animated by the same question: how do we pursue and create value
  • Shows the origins of the financial value creation in the “non-finance” world through entertaining case studies from literature, history, philosophy, music, movies, theater, and comedy
  • Finance is being demonized by many people who don’t fully understand the underlying ideas and that demonization is quite counterproductive, as finance is too important to society to be caricatured in simplistic ways
  • The easiest way into these ideas is through stories and the best hope for fixing finance is to reconnect practitioners to the humanity of the underlying ideas of finance.

Paul Smith, CFA
President and CEO, CFA Institute

15:35-16:55

Behavioral Biases and Pitfalls: Stories on How Investors Go Astray and How to Overcome Them

Partner, Collaborative Fund

  • Discussions on behavioral finance – how investors think about risk
  • Use history, psychology, and recent business trends to tell stories about how investors, economists, and business leaders go astray
  • A bargain or a bad bargain; Pain vs. Discomfort; Facts vs. Feelings
  • How to overcome biases and pitfalls

Moderator: Kalpen Parekh
President, DSP Investment Managers Pvt. Ltd

16:55-17:40

India – Economy and Markets 2019

Sajjid Z. Chinoy
Chief India Economist, J.P. Morgan

Ridham Desai
Managing Director, Morgan Stanley

Navneet Munot, CFA
Chief Investment Officer, SBI Funds Management Private Limited

Milind Sarwate
Founder & CEO, Increate Value Advisors LLP

Sunil Singhania, CFA
Founder, Abakkus Asset Management, LLP

Moderator
Nikunj Dalmia
Managing Editor, ET Now

17:40-17:45

Closing Remarks

Country Head, India, CFA Institute