AS 2017 program
Wednesday, September 13, 2017
10:00 am - 11:00 am WED 9/13

Beijing is determined to improve growth prospects for all cities - from the inland to the large east coast urban areas. The Belt and Road initiative, together with the creation of regional economic clusters, have played a major role in driving regional economies. This roundtable will discuss the 2017 rankings and key findings, as well as insights for businesses and investors into economic trends to explore potential investment opportunities in China.

Moderator
Ann-Marie Eu, Communications and Media Associate, Asia, Milken Institute
Speakers
Ming-Hau Lee, Investment Director, Clearwater Capital Partners
Perry Wong, Managing Director, Research, Milken Institute
12:00 pm - 5:00 pm WED 9/13

Leaders and organizations have undoubtedly recognized the importance of gender balance to business success and sustainability, nevertheless in the last two decades, progress at the top echelons of management has been slow. The inaugural Milken Institute Women Leaders' Summit will bring together approximately 150 leaders and rising stars from the worlds of business and finance for a stimulating discussion around leadership, empowerment, and inspiration. With valuable insights and perspectives from today's most accomplished leaders on taking action and making a difference, the Summit aims to inspire the next generation of trailblazers and change makers - and further advance the next 20 years.

Please click here for more information about this event.

2:00 pm - 5:00 pm WED 9/13

The goal of this roundtable is to catalyze multi-sectoral collaboration and strategic solutions to overcome the challenges of population aging, empower older adults remain healthy, active, and engaged, and develop the private markets of goods and services this growing aging cohort will need. Participants will help identify, among others, the business opportunities, the policy mechanisms, and institutions reforms to better meet the needs of the elderly.

Moderator
Paul Irving, Chairman, Center for the Future of Aging, Milken Institute; Distinguished Scholar in Residence, Davis School of Gerontology, University of Southern California
4:00 pm - 5:00 pm WED 9/13

Climate change is the biggest environmental challenge our generation has ever seen, with widespread and harmful effects. Companies continue to grow more sophisticated about the role of sustainability in their strategies and some have demonstrated serious commitments to reducing emissions across their value chains. This roundtable gathers regional and global leaders to engage in an interactive discussion on solutions to the climate crisis and how business can step up to lead the fight on climate change.

6:00 pm - 8:00 pm WED 9/13
Thursday, September 14, 2017
8:00 am - 8:45 am THU 9/14
Opening Remark
S Iswaran, Minister for Trade and Industry (Industry), Republic of Singapore
Welcome Remarks
Michael Klowden, CEO, Milken Institute
Presenter
Al Gore, Chairman, Generation Investment Management; Former U.S. Vice President
9:00 am - 10:00 am THU 9/14

1997 was a pivotal year: a region-wide financial crisis devastated Asian economies, the Kyoto Protocol became one of the first global accords to address climate change, and China resumed exercise of sovereignty over Hong Kong from Great Britain. Two decades later, Asia has grown to become a mighty driver of global economic growth whilst China makes its political and economic ambitions for power clear. This panel will discuss the key lessons of the global economy over the past 20 years and assess the outlook for the next 20.

  • What were the most important lessons learned since 1997?
  • What do they see as the main challenge for advanced economies and what is the outlook for emerging nations?
  • How will the world change over the next 20 years?

Moderator
Haslinda Amin, News Correspondent and Anchor, Bloomberg Television
Speakers
Piyush Gupta, CEO and Director, DBS
Jean Hynes, Managing Partner, Senior Managing Director and Global Industry Analyst, Wellington Management
Joaquim Levy, Managing Director and Group Chief Financial Officer, World Bank Group
10:15 am - 11:15 am THU 9/14

This panel of leading investors will examine the key trends affecting global capital markets. Potential questions include:

  • What geopolitical, economic, and market indicators should investors consider as they think about asset allocation and capital structure strategies?
  • What impact do developments in the global capital markets have on the regulatory environment?
  • How has the financial services landscape evolved as value creation becomes more tightly linked to data and technology?
  • As 2017 draws to a close, what are the investment themes that will shape the markets in 2018?

Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Thomas Finke, Chairman and CEO, Barings
Joshua Friedman, Co-Founder, Co-Chairman and Co-CEO, Canyon Partners, LLC
Sir Michael Hintze, Founder, Chief Executive and Senior Investment Officer, CQS
Steven Tananbaum, Founding Partner, Chief Investment Officer and Executive Committee Member, GoldenTree Asset Management
10:15 am - 11:15 am THU 9/14

Following "the Return" of Hong Kong to China in 1997, it's stock exchange became the only access point through which foreign investors could access Chinese companies. China has since liberalized its economy and currency at its own pace, but foreign investors are concerned about the future of investment into the country. Beijing's policy reforms hint at a trade-off between the government's fundamental goal of maintaining economic and social stability, and the need to move towards a free market. This panel will discuss:

  • How has China managed this critical dilemma and what is the government's strategic thinking behind further opening up trade and investment?
  • From the market's perspective, how can China be more attractive as a destination for foreign investment?
  • What is the outlook on investment into China in the long term and what are its potential pitfalls?
Moderator
Kevin Lu, Partner and Chairman of Asia, Partners Group; Distinguished Fellow, INSEAD
Speakers
Wei Sun Christianson, Co-CEO of Asia-Pacific and CEO of China, Morgan Stanley
Kenneth Gaw, President and Managing Principal, Gaw Capital Partners
Richard Hu, Chief Research Officer, WorldQuant LLC
Weijian Shan, Chairman and CEO, PAG Group
Jing Ulrich, Managing Director and Vice Chairman of Asia Pacific, JPMorgan Chase & Co.
10:15 am - 11:15 am THU 9/14

With a growing middle class and rapidly growing and aging population, Asia is ever more in need of accessible and affordable health solutions. Developments in technology have boosted the potential to improve the delivery, consumption, and payment of healthcare, while promising to alleviate the challenges. This panel discusses what advances in technology and digital hold for the future of healthcare. Questions include:

  • What is driving the growth of investment and demand for HealthTech compared to other healthcare sectors?
  • How is technology transforming the way we address the most complex problems in healthcare?
  • How can HealthTech create a more convenient, patient centered experience to consuming healthcare?
Moderator
Jeremy Lim, Partner and Head of Health & Life Sciences, Asia-Pacific, Oliver Wyman
Speakers
Goh Boon Cher , Deputy Director, Cancer Science Institute, Singapore
Russell Gruen, Executive Director, NTU Institute for Health Technologies and Professor of Surgery, Lee Kong Chiang School of Medicine, Nanyang Technological University, Singapore
Kabir Narang, Partner, B Capital Group
Prashant Tandon, CEO and Founder, 1mg Technologies
11:30 am - 12:30 pm THU 9/14

Financial inclusion in emerging Asia has made significant progress, but more than 50% of its population remains unbanked. Rapid technological innovation and democratization of financial services could be the answer. This session discusses the impact of FinTech on financial inclusion, access to capital, transparency, and compliance. Questions will include:

  • How has FinTech alleviated various frictions and difficulties of traditional and costly financial tools?
  • Where are the points of friction between FinTech startups, legacy financial institutions, and regulators, and how can we move the relationship toward a collaboration and partnership?
  • What are the remaining barriers to universal financial inclusion?
Moderator
Dan Murphy, Correspondent, CNBC
Speakers
Chen Long , Chief Strategy Officer, Ant Financial
Jonathan Larsen, Chairman and CEO, Ping An Global Voyager Fund; Chief Innovation Officer, Ping An Group
Simon Loong, Founder and CEO, WeLab
Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore
Ning Tang, Founder, Chairman and CEO, CreditEase
11:30 am - 12:30 pm THU 9/14

Twenty years ago saw the first high-profile attacks on Microsoft's Windows operating system, while the U.S. government tested its readiness against cyber attacks. Cybersecurity wasn't even an industry then, but the rapid expansion of the Internet of Things has increased the demand on a burgeoning cybersecurity industry to safeguard against the growing frequency and sophistication of cyber attacks. Questions include:

  • What are the prevailing trends in cybercrime and how can governments, financial institutions, businesses, and individuals protect themselves?
  • How should the cybersecurity industry evolve to stay ahead of the game in pre-empting attacks and threats before they happen?
Moderator
Yun-Hee Kim, Senior Editor, The Wall Street Journal
Speakers
David Koh, Chief Executive, Cyber Security Agency of Singapore
Matthew P. Moynahan, CEO, Forcepoint
Rafal Rohozinski, CEO, SecDev Group; Senior Fellow, International Institute for Strategic Studies
Silvino Schlickmann Jr., Director, Cybercrime Directorate, Interpol
11:30 am - 12:30 pm THU 9/14

Indonesia's over-leveraged foreign capital position sank its economy when investors fled during the Asian Financial Crisis. But the country rebounded stronger and faster than expected and is now positioned as one of Asia's largest economic opportunities. Today, Indonesia's public and private institutions are open and ready for business engagements from all around the world.

  • Which sectors will push Indonesia's growth in the next 20 years?
  • What are the most pressing economic, financial, social, or political challenges to sustained, higher-quality growth?
  • How are Indonesia's businesses responding to ASEAN's deepening integration, East Asia's economic dominance, and growing protectionism in Western markets?
Moderator
Dino Patti Djalal, Asia Fellow, Milken Institute; Founder, Foreign Policy Community of Indonesia
Speakers
Alvin Sariaatmadja, President Director, Emtek Group
Patrick Walujo, Co-Founder and Managing Partner, Northstar
G. Raymond Zage III, Partner and CEO, Farallon Capital Asia Pte Ltd
12:30 pm - 2:00 pm THU 9/14

Businesses and entertainment are increasingly moving out of brick-and-mortar buildings and into the digital space, and Asia is poised to be the next hotbed of on-demand activities. Consumers are transacting with businesses online more than ever before, but a robust built environment will remain the backbone of a successful digital experience - from the transportation of goods and services to the reliability of internet connectivity. In this panel, we look at how these two spaces must work together to satisfy consumer demands and catalyze business growth in the digital space. Questions include:

  • How will the continued growth of these disruptive technologies reshape the physical world in which we live and work?
  • How can cities prepare for the growth of digital platforms and what role will traditional spaces play in this new environment?
  • What needs to improve between the built environment and the digital space to enable these increasing interactions?
Opening Remark
Hugh Andrew, Managing Director and Head of Real Estate Asset Management, BlackRock
Moderator
Su Shan Tan, Group Head, Consumer Banking and Wealth Management, DBS Bank
Speakers
Patrick Grove, Co-Founder and Group CEO, Catcha Group; Co-Founder and Chairman, iflix
Ridwan Kamil, Mayor of Bandung, Indonesia
Ming Maa, President, Grab
Rohan Mahadevan, CEO and SVP, APAC, PayPal Pte Ltd
2:00 pm - 2:30 pm THU 9/14
2:30 pm - 3:30 pm THU 9/14

In a discussion led by Institute Chairman Mike Milken, this panel will examine the issues shaping global credit markets and share their perspective on the evolving credit landscape. Questions include:

  • What is the outlook for rates and how are investors preparing?
  • What impact will central banks decision have on yields and spreads?
  • As we look across the spectrum of credit where can the investment opportunities be found?
  • How will 2017 end for credit investors and what should investors expect for 2018?
Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Ilfryn Carstairs, Partner and Co-Chief Investment Officer, Värde Partners
Pierre de Chillaz, Senior Portfolio Manager, Partner and Executive Committee Member, GoldenTree Asset Management
Juan Delgado-Moreira, Managing Director, Hamilton Lane (Hong Kong) Limited
Lawrence Golub, CEO, Golub Capital
Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners
2:30 pm - 3:30 pm THU 9/14

Business as we know it has changed drastically. Where once we only looked at one bottom line, there are now at least three - environmental, social, and financial performance. The 'triple bottom line', a term coined by John Elkington in his 1997 book 'Cannibals with Forks: The Triple Bottom Line Of 21st Century Business', is more than a marketing ploy as businesses realize that its success also depends on its sustainability. This panel gathers business leaders and influential investors who are embracing sustainability into their businesses, company culture and investment decisions.

  • How can companies build trust around their brands?
  • While good intentions matter, what are the biggest hurdles faced by businesses in improving their sustainability and environmental impact?
  • What are the common best practices among companies turning profits from sustainability?
Moderator
Robin Hu, Head of Sustainability and Stewardship Group, Temasek International Pte Ltd
Speakers
Achal Agarwal, President, Asia-Pacific, Kimberly-Clark Corporation
Sophia Cheng, CIO, Cathay Financial Holdings; Government Affairs Consultant, Executive Yuan of Taiwan
Hiromichi Mizuno, Executive Managing Director and CIO, Government Pension Investment Fund, Japan; Co-Chair, Global Capital Markets Advisory Council, Milken Institute
Pier Luigi Sigismondi, President, Southeast Asia and Australasia, Unilever
2:30 pm - 3:30 pm THU 9/14

Asia has undeniably made strides in economic growth since the 1997 Asian Financial Crisis, but spending on roads, railways, and other essential infrastructure has stagnated and remained depressed well below what's needed. The Asian Development Bank forecasts that Asia needs a whopping $26 trillion for infrastructure investments to sustain economic and income growth by 2030. However, challenges posed by political instability, underdeveloped capital markets, and the lack of alternative long-term private financing puts a pinch on finance projects.

  • What's needed to move beyond local banks, corporations, and public sector financing to unlock and welcome other sources of capital for infrastructure financing?
  • How can project risks be better assessed, communicated, managed, and hedged to encourage more players in the infrastructure financing space?
  • What are the immediate and long-term structures needed to improve public-private partnerships that transcends short-term politics?
Moderator
Jonathan Woetzel, Director, McKinsey Global Institute; Senior Partner, Shanghai, McKinsey & Co.
Speakers
Jose Rene D. Almendras, President and CEO, AC Infrastructure Holdings Corporation; Managing Director and Group Head of Public Affairs, Ayala Corporation
Saadia Khairi, Co-Head, Emerging Asia Fund, IFC Asset Management Company
Ben Way, CEO, Asia, Macquarie Group
Wencai Zhang, Vice President, Asian Development Bank
3:45 pm - 4:45 pm THU 9/14

It's a never-ending challenge: coping with a lower return environment and adjusting to meet objectives. In this session, we assemble a panel of expert investors to address the trends in operational and organizational changes in institutional investing. Questions include:

  • How have approaches to asset management changed in an effort to bolster risk-adjusted returns?
  • What is the role of technology and governance in building a more efficient and thoughtful organization?
  • In an ever-changing environment, how are institutional investors recruiting, developing, and maintaining talent in order to 'future-proof' their organizations?
Moderator
Nobel Gulati, CEO, Two Sigma Advisers, LP
Speakers
Mark Konyn, Group CIO, AIA Group
Hugh O'Reilly, President and CEO, OPTrust
Piau-Voon Wang, CIO, Noah Holdings (Hong Kong) Limited
Bryan Yeo, Chief Investment Officer, Public Equities, GIC
3:45 pm - 4:45 pm THU 9/14

What factors determine the divergence in economic performance of metropolitan areas around a nation? Why do some areas thrive, while others lag behind? How does global integration and cooperation impact regional performance? This roundtable will discuss how cities in China and the United States, specifically in California, have successfully leveraged on economic interdependence between the two economies, as well as the recently released 'Best-Performing Cities China 2017' rankings.

Moderator
Henny Sender, Chief Correspondent, International Finance, Financial Times
Speakers
Kevin Klowden, Executive Director, California Center, and Managing Economist, Milken Institute
Perry Wong, Managing Director, Research, Milken Institute
3:45 pm - 4:45 pm THU 9/14

Beyond the hype surrounding cryptocurrencies, a revolution is taking place using the underlying technology of the blockchain. From taxes and donations to votes and ID systems, the blockchain offers a way to record, update, and share data in a way that is transparent and verifiable without requiring a central counterparty to "run the system". Topics of discussion include:

  • What are the most exciting and impactful uses of blockchain technology, outside of finance?
  • How can this technology be used to address business and humanitarian challenges, especially where central agencies don't exist or are not trustworthy?
Moderator
Staci Warden, Executive Director, Center for Financial Markets, Milken Institute
Speakers
Leanne Kemp, Founder and CEO, Everledger
Greg Li, Head of Asia, The Bitfury Group
Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore
David Treat, Managing Director, Financial Services, Blockchain Lead, Accenture
Zia Zaman, Chief Innovation Officer, SVP, MetLife Asia; Head of LumenLab, MetLife Innovation Centre
4:30 pm - 5:30 pm THU 9/14

In this exclusive, off-the-record gathering, a select group of senior leaders will discuss the most pressing economic challenges and the greatest opportunities on the horizon from both regional and global perspectives. The aim of this invitation-only meeting is to provide an opportunity for guests to hear frank, unfiltered insights from key leaders in business and finance.

Opening Remark
Laura Deal Lacey, Executive Director, Asia, Milken Institute
Moderator
Timothy Dattels, Managing Partner, TPG Asia
5:00 pm - 6:00 pm THU 9/14

Asia's aging experience is unlike the world has ever seen. The elderly population is expected to more than double in the next 20 years; it's faster, it's larger, and it's happening earlier than historical trends. But this growing, aging cohort presents tremendous opportunities, both as productive members of the labor force and as a large consumer class that will be a boon for economies and businesses. This panel explores how to harness demographic trends for productive and meaningful growth.

  • How will consumer demands change as the population ages?
  • What products and services will be needed to sustain longer, healthier, and more active lives?
  • What reforms are needed for institutions to leverage the economic value of the longevity dividend?

Moderator
Paul Irving, Chairman, Center for the Future of Aging, Milken Institute; Distinguished Scholar in Residence, Davis School of Gerontology, University of Southern California
Speakers
Alan Brannigan, CEO, Jupl
Andrew Byrne, Chairman and CEO, Aegon Asia
Doris Ho, President and CEO, A. Magsaysay, Inc.
Joan Ruff, Board Chair, AARP
5:00 pm - 6:00 pm THU 9/14

Globalization and economic interdependence among Asia's countries rest precariously on increasingly tense geopolitical relations and competing security interests, including the North Korean nuclear threat, the China-India border standoff, and escalating tensions in the South China Sea. As a region, the Asia-Pacific presents the largest source of global economic growth and possesses tremendous business potential in the next ten to 20 years, more so if financial and economic markets are further integrated. But governments and businesses are cognizant that geopolitical tensions may put a damper on these opportunities.

  • What are the anticipated geo-economic trends in the Asia-Pacific?
  • What is the nature of some of these regional relationships and what potential impacts will they have on economies and businesses?
  • How can governments, the private sector, and international or regional organizations work together to maintain regional peace and stability for sustained economic development?
Moderator
Prerna Suri, Broadcast Journalist
Speakers
Karen Brooks, Adjunct Senior Fellow for Asia, Council on Foreign Relations
Curtis S. Chin, Asia Fellow, Milken Institute; Former U.S. Ambassador to the Asian Development Bank
Evan Medeiros, Managing Director, Asia, Eurasia Group
Michael W. Michalak, SVP and Regional Managing Director, US-ASEAN Business Council, Inc.; Former U.S. Ambassador to Vietnam
Yasuhide Nakayama, Member, House of Representatives, Japan; Former State Minister for Foreign Affairs, Japan
5:00 pm - 6:00 pm THU 9/14

Over the past few years, Asia has and continues to witness a surge of investment and activity in financial technology (FinTech). In 2016, FinTech investment in the Asia-Pacific region alone eclipsed investment in North America for the first time. But the investment climate continues to change. Similar to what FinTechs in North America are experiencing, investment trends in Asia are increasingly favoring specialized firms that are collaborative with incumbents, rather than competitive. Between 2010 and 2015, the amount of venture capital investment in collaborative FinTech rose by 10 percent across the region. In this session, participants will discuss the opportunities and challenges in bridging innovative firms with incumbent processes and systems, and what's needed from a market-wide perspective to help facilitate greater collaboration in this space. We will look at how public sector actors and industry can best work together to facilitate this process of what is ultimately a transformation of market structure, and whether a regional, industry-sandbox - the ASEAN Financial Innovation Network - will prove to be an effective mechanism to drive greater coordination and collaboration in the region.

Moderator
Jackson Mueller, Associate Director, Center for Financial Markets, Milken Institute
6:00 pm - 7:00 pm THU 9/14
7:00 pm - 9:00 pm THU 9/14

In 2017, Forbes reported that one out of every three billionaires are from the Asia-Pacific region. That's a total of 720 Asian billionaires. The region has become the world's largest market for personal luxury goods; Asians bought more than half of the world's luxury goods in 2016, according to Bain & Company. Influenced by both economic and cultural factors, luxury consumption in Asia shows no sign of slowing over the next two decades.

  • What has driven Asia's hunger for global luxury goods despite slower global growth in recent years?
  • Which segments and submarkets of the industry will remain strong and which will struggle?
  • As the younger generation comes into age and millennial behavior seeps into the older generations, how are brands adapting to new consumer traits and tastes?
Moderator
Ravi Thakran, Group President, LVMH Asia; Managing Partner and Chairman, L Catterton Asia
Speakers
Zak Brown, Executive Director, McLaren Technology Group
Naomi Campbell, Model, Actress and Businesswoman
Bruce Rockowitz, CEO and Vice Chairman, Global Brands Group; Co-Founder and Chairman, Pure Group
Friday, September 15, 2017
8:00 am - 4:00 pm FRI 9/15
9:00 am - 10:00 am FRI 9/15

A new generation is coming to power in Asia. As they prepare to take the helm of their family businesses or diverge to create their own path in life, this panel will gather insights from the second and third generation leaders who are leading the region into the future. Questions will include:

  • How differently do they view doing business compared to previous generations?
  • Do they view empowerment, sustainability, and philanthropy as integral parts of the businesses they operate?
  • Where do they see the greatest opportunities for expansion and innovation?
Moderator
Rahul Malhotra, Managing Director and Head of Southeast Asia, J.P. Morgan Private Bank
Speakers
Allen Law, CEO, Park Hotel Group
Quek Kon Hui , Managing Partner, APAC Capital Partners
Ramon Fernando D. Rufino, Co-President, The Net Group; Chairman, Philippine Green Building Council
Isaiah Schulze, Chief Operating Officer, Schulze Global Investments
9:00 am - 10:00 am FRI 9/15

India, currently the G20's fastest-growing economy and the world's second most populous country, is on track to be one of the top three economic powers in the next ten to 15 years. As it rides on the strength of democracy and partnerships, confidence in the emerging superpower is growing but the country faces many challenges capable of hindering its long-run potential. Topics of discussion include:

  • Will India be able to sustain its future growth and consolidate its position as an economic power?
  • How can India leverage on the rewards of its projected demographic dividend to propel continued growth?
  • How can the government ensure that living standards rise across the board within the country?
Moderator
Reuben Abraham, Asia Fellow, Milken Institute; CEO and Senior Fellow, IDFC Institute
Speakers
Sharad Bajpai, Managing Director, Head of Asset Management, SSG Capital Management
V. Bunty Bohra, CEO, Goldman Sachs Services, India
Vikram Limaye, Managing Director and CEO, National Stock Exchange of India
Ashu Suyash, CEO, CRISIL
10:15 am - 11:15 am FRI 9/15

In May 1997, IBM's Deep Blue became the first computer chess-playing system to beat a reigning world chess champion. In March 2016, Google's DeepMind computer program AlphaGo beat the world's No. 1 player of the ancient Chinese board game, Go. Board games aside, while artificial intelligence (AI) will boost productivity and simplify our way of life, the impacts it poses to society cannot be ignored. From cognitive computing to deep learning, this panel will explore how AI will disrupt industries, businesses, and societies. Questions will address the positive enhancement and potential hazards:

  • As the technology advances at breakneck speeds, what will the coming AI era look like?
  • How can we ensure that AI remains to be safe and beneficial to society?
  • What are the societal and business implications and how can businesses and governments mitigate negative side effects?

Moderator
Ralph Simon, Chairman and CEO, Mobilium Global Group; Senior Advisor, Laurel Strategies
Speakers
Michael Agnew, APAC Director, Foresight Factory
Ben Goertzel, Chief Scientist, Hanson Robotics; Chairman, OpenCog Foundation
Virginie Maisonneuve, Chief Investment Officer, Eastspring Investments
Robert Morris, Vice President Global Laboratories, IBM Research
10:15 am - 11:15 am FRI 9/15

Japan's push to remain one of the top economic powerhouses in the global pecking order has come with many struggles. Pressing issues such as population aging, the need for major structural reforms, and relatively non-responsive monetary expansion policies require tough decisions to be made to spur market activity. This panel will look at how Japan can take advantage of its position as a safe-haven currency and stable market to further boost their global position. Discussion questions will include:

  • How will Japan sustain growth whilst ensuring the aging population is taken care of?
  • Will monetary normalization be feasible in the near future or is the economic growth only short-term?
  • How will the country fare in comparison to the rest of the world by 2037?
Moderator
Kotaro Tamura, Asia Fellow, Milken Institute; Chairman, Japan Intelligence Initiative; Former Senator and Parliamentary Secretary for Economic and Fiscal Policy, Japan
Speakers
Daisuke Iwase, President, Lifenet Insurance Company
Takumi Shibata, President and CEO, Nikko Asset Management
Keiko Tashiro, Senior Executive Managing Director and Head of Overseas Operations, Daiwa Securities Group
10:15 am - 11:00 am FRI 9/15

The Chairman's Circle is an exclusive network of family business leaders interested in making a positive impact in the world through leadership and sustainable business. This exclusive roundtable will discuss global economic trends, impact investment, and geopolitical issues in a private setting.

Moderator
Richard Ditizio, President and Chief Operating Officer, Milken Institute
10:15 am - 11:15 am FRI 9/15

With a newfound openness towards foreign investments, a vast reserve of natural resources, a population with a median age of 27, and literacy and mobile penetration rates at 90 percent, Myanmar holds great potential for the regional and global economy. But on the road to reform, the new civilian government has a large task at hand to manage intense international business pressures. This session will explore:

  • What are the key challenges and roadblocks faced by Myanmar in its transition to a full democracy?
  • What are the positive ripple effects of Myanmar's political and economic progression on the wider regional and global economic community?
  • Can foreign investors, businesses, and governments play a role in supporting the young nation's comeback, and where are the opportunities for collaboration?
Moderator
Staci Warden, Executive Director, Center for Financial Markets, Milken Institute
Speakers
Azeem Azimuddin, CFO and Advisor to Chairman, AYA Bank Ltd.
Serge Pun, Chairman, Serge Pun & Associates Ltd.
Sean Turnell, Special Economic Consultant to the State Counsellor, Government of Myanmar; Director of Research, Myanmar Development Institute
11:30 am - 12:30 pm FRI 9/15

The world's attention is back on Asia. The region continues to grow in economic power and investment opportunities and its big businesses are at the forefront of these global shifts. This panel of Asia's top business leaders will discuss:

  • Amidst daily chaotic news out of Washington and rising protectionism in Europe, what is their perspective of the world right now and how do they see global developments affecting Asia's economy?
  • How have they responded to increasingly rapid business development and activity in Asia over the past two decades?
  • What is the future of Asia and what are the opportunities for the region to step up as a global leader?
Moderator
Karen Davila, Anchor, Correspondent and Radio Commentator, ABS-CBN News
Speakers
Ho Kwon Ping , Executive Chairman, Banyan Tree Holdings
Serge Pun, Chairman, Serge Pun & Associates Ltd.
Teresita Sy-Coson, Vice Chairperson, SM Investments Corporation; Chairperson, BDO Unibank, Inc.
11:30 am - 12:30 pm FRI 9/15

The Global Capital Markets Advisory Council (GCMAC) meeting brings together institutional investors from around the world for a wide-ranging discussion about financial markets. GCMAC is made up of senior leaders of large funds who represent more than $20 trillion in assets under management. For nearly a decade, the GCMAC has provided CIOs of the world's largest pension funds, endowments, foundations, insurance companies, and sovereign wealth funds with a private, off-the-record forum to discuss the opportunities and challenges facing institutional investors.

Moderator
Richard Ditizio, President and Chief Operating Officer, Milken Institute
Speakers
Yezdi Chinoy, CEO, Generali Investments Asia Ltd; Regional CIO, Asia, Assicurazioni Generali S.p.A.
Suyi Kim, Head of Asia-Pacific, CPPIB
Hisae Sato, Chief Investment Officer, Nissan Motor Pension Fund
James Yuan, CIO, Shin Kong Life
11:30 am - 12:30 pm FRI 9/15

For the last century, medical research has been key to the improvement in the health and longevity of the world's population. Only recently has increasing attention been paid to the differences between the Caucasians, the main subjects of the majority of medical research, and Asians. This panel brings to light the diseases where research into the Asian phenotype is lacking and discusses the need for deeper collaboration in our fight to advance healthcare.

  • What are the diseases where the Asian population is more at risk of contracting or developing as compared to other groups?
  • As precision medicine advances, will clinical differences in healthcare and treatment between ethnic groups become more distinct?
  • How can investors and philanthropists help to fill the gap?
Moderator
Benjamin Seet, Executive Director, Biomedical Research Council, A*STAR
Speakers
John Connolly, Chief Scientific Officer, Tessa Therapeutics
Laurent Metz, Health Economics and Market Access Lead, Johnson & Johnson Medical Asia Pacific
Arthur Mark Richards, Director, Cardiovascular Research Institute, National University Hospital
Patrick Tan, Deputy Executive Director, A*STAR; Professor, Duke NUS Medical School
12:30 pm - 2:00 pm FRI 9/15

This discussion gathers leaders across different industries to share their experiences from their unique career paths. From taking risks and stepping out of comfort zones, to rising to the top of their game, this dialogue will explore the lessons they have learned in life, leadership, and success. Which was the lesson that has made all the difference?

Welcome Remarks
Lynn McDonald, High Commissioner of Canada to Singapore
Moderator
Oriel Morrison, Anchor, CNBC Asia-Pacific
Speakers
Naomi Campbell, Model, Actress and Businesswoman
Jeremy Coller, Chairman and Chief Investment Officer, Coller Capital
Mika Häkkinen, Two Time Formula One World Champion
Joseph C. Tsai, Executive Vice Chairman, Alibaba Group
John Wood, Founder, Room to Read
2:30 pm - 3:30 pm FRI 9/15

Breaking out of the short-term mindset, it's easy to see how emerging markets will define growth in the 21st century. But while they promise rapid growth and an exploding consumer class, they've also been marked by periods of instability and dramatic upheaval. This panel of investment titans dispels the myth of risky emerging markets and discusses how to find return without taking on undue risk.

  • How can investors promote growth in emerging markets and can this have a positive impact on developed markets?
  • What countries have been adopted reforms necessary for businesses to flourish and attract investment?
  • Where can investors find underexploited opportunities and good valuations?
Moderator
Mark Wiseman, Global Head of Active Equities, BlackRock; Chairman, BlackRock Alternative Investors
Speakers
David Bonderman, Chairman and Founding Partner, TPG
Binod Chaudhary, Chairman, CG Corp. Global
Arif Naqvi, Founder and Group Chief Executive, The Abraaj Group
2:30 pm - 3:30 pm FRI 9/15

The world's population is expected to grow by almost 2 billion in the next 20 years. Along with increasing rural-to-urban migration flows, the world is approaching a crisis of food production. In Asia, India and Indonesia will be two of the biggest contributors to this growth. Rapid urbanization has caused a shift in tastes toward processed food, while at the same time, low-income communities struggle to even meet their minimum nutritional requirements. This panel explores innovations to continue feeding the world's hungry with not just quantity, but quality.

  • How can Asia tackle its Triple Burden of undernutrition, obesity and micronutrient malnutrition through innovative finance and agricultural technologies?
  • What role does technology play in meeting changing dietary needs and preferences?
  • How are corporations, entrepreneurs and investors fueling innovations to satisfy the desire for healthier options?
Moderator
Sharanjit Leyl, Producer and Presenter, BBC World News; President, Foreign Correspondents Association of Singapore
Speakers
Jeremy Coller, Chairman and Chief Investment Officer, Coller Capital
David Lee, Chief Operating Officer, Impossible Foods
Beverley Postma, CEO, HarvestPlus
Jason Strong, Chairman, A-EUFTA Red Meat and Livestock Industry Taskforce
2:30 pm - 3:30 pm FRI 9/15

As protectionist policies shift trade from advanced economies toward more rapid-growing regions in Asia, accessing capital in a financial system dominated by state and family entities will pose a challenge to capital adequacy to fund Asia's greatly-needed projects. China's "Belt and Road Initiative" to fund Asia's infrastructure needs is a cooperative trade-based means to put resources to work. Market-based signals can help allocate resources more efficiently, but will require greater participation by non-state financial institutions like banks and private equity firms in a deeper market-based ecosystem.

  • How can institutions amplify market signals and broaden access to capital with bank-based financial systems and embryonic financial markets?
  • How can we ensure adequate access to capital with a financial system dominated by state or family-directed financial flows?
Moderator
William Lee, Chief Economist, Milken Institute
Speakers
Paul Gruenwald, Managing Director and Chief Economist, Asia-Pacific, S&P Global
Gerald Keefe, Managing Director and Head of Asia-Pacific Corporate Banking, Citi
Lincoln Leong, CEO, MTR Corporation
Joachim von Amsberg, Vice President, Policy and Strategy, Asian Infrastructure Investment Bank (AIIB)
2:30 pm - 3:30 pm FRI 9/15

In a period of low single-digit returns, traditional hedge fund fee structures are too onerous. This has led to poor outcomes and pressure on hedge funds from investors such as pensions, insurance companies, and sovereign wealth funds to reassess fee structures. Additionally, many hedge fund strategies contain elements of market beta that are available to investors for free. Our roundtable of leading asset owners will share their views on questions such as:

  • How can asset owners and hedge fund managers compromise on a solution that reflects these realities?
  • Can innovations, such as "1 and 30" fee structures, lead to better alignment for both hedge fund managers and their investors?
  • How should the hedge fund business model evolve?
Moderator
John Claisse, CEO, Albourne Group
Speakers
Steve Algert, Managing Director and Asst. Treasurer, The J. Paul Getty Trust
Roman Berri, Global Head, IPS Fund Management, UBS Wealth Management
Ted Lee, Senior Portfolio Manager, CPPIB
Paul Murray, Head of Debt and Absolute Returns, Victorian Funds Management Corporation
Soon Kian Lee , Managing Director, Pacific Eagle Asset Management
3:45 pm - 4:45 pm FRI 9/15

Humans have weathered the last two shifts in the global labor market; from the agricultural sector to manufacturing to the corporatization of the workforce, humans have always taken center stage. But the breakneck speeds at which automation, robotics, and AI are being developed are quickly displacing humans from jobs. This panel will discuss how humans can continue to stake their claim in a job market that is continually and increasingly contested by revolutionary developments in technology.

  • What will be the new categories of jobs to emerge?
  • How can those who lose their jobs be re-trained and re-integrated into the workforce?
  • How will requisite skill sets change in industries, and what can companies, educational institutions, and governments do to prepare the future workforce?

Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Josephine Teo, Minister, Prime Minister’s Office; Second Minister, Ministry of Manpower and Ministry of Foreign Affairs, Republic of Singapore
Joseph C. Tsai, Executive Vice Chairman, Alibaba Group
Igor Tulchinsky, Founder, Chairman and CEO, WorldQuant LLC
Jaime Augusto Zóbel de Ayala, Chairman and CEO, Ayala Corporation
3:45 pm - 4:45 pm FRI 9/15
Guest
David Bonderman, Chairman and Founding Partner, TPG
Interviewer
Cecilia Ma Zecha, Consultant and Coach, Clarity Media Group
Closing Remarks
Petra Freddi, Director, Business and Program Development, Milken Institute Asia Center
5:00 pm - 6:00 pm FRI 9/15
5:00 pm - 6:00 pm FRI 9/15