London Summit 2015

Monday, October 12, 2015

Mon 10/12
9:30 am - 3:30 pm

Financial Innovations Lab: Infrastructure Investment Opportunities in Africa (By Invitation Only)

Traditional sources of infrastructure investment provide only half of the $93 billion a year Africa needs. This private session seeks to build on a Financial Innovations Lab held last year, in collaboration with the U.S. Agency for International Development, to discuss ways to address the shortfall. Investors, financial institutions and project developers will discuss concrete recommendations for mitigating risk and improving the variety of financing products available for infrastructure development in Africa. The goal: design a plan to unlock institutional capital and improve overall market efficiencies. Participants will review models such as infrastructure debt funds, project and covered bonds and a new data platform for risk assessment and create action items to catalyze investment.

Mon 10/12
3:00 pm - 5:00 pm

Precision Medicine for Prostate Cancer (By Invitation Only)

Mon 10/12
6:00 pm - 8:00 pm

Milken Institute Young Leaders Circle Reception and Program (By Invitation Only)

Moderator

Kimbal Musk

Co-Founder, the Kitchen; Board Member, Tesla Motors

Speaker

Jamie Oliver

Chef, Campaigner and Restaurateur

Mon 10/12
6:00 pm - 9:00 pm

Private Reception and Dinner for Speakers and Sponsors (By Invitation Only)
Program: Europe's Refugee Dilemma

The scenes are heartbreaking: Men, women and children fleeing violent conflicts and wrenching poverty in the Middle East and Africa taking dangerous journeys across rough seas and inhospitable territory to what they hope will be a better life in one of Europe’s stable and prosperous nations. More than 715,000 people have applied for asylum in the European Union in the past year, and they continue to migrate by the thousands each day. Some in EU member states fear this influx will change the face of Europe forever. Others demand a humanitarian response and request that all EU nations take in their fair share of refugees and migrants. Whatever the outcome (and that is far from certain), the crisis has exposed deep divisions within the EU. It is a deeply emotional and complex dilemma, and how Europe deals with it may say a lot about its future.

Welcoming Remarks

Michael Klowden

President and Chief Executive Officer, Milken Institute

Michael Milken

Chairman, Milken Institute

Moderator

Gillian Tett

U.S. Managing Editor and Columnist, Financial Times

Speakers

Elizabeth Collett

Director, Migration Policy Institute Europe; Senior Advisor, Transatlantic Council on Migration, MPI

Sir Paul Collier, CBE

Senior Fellow, Milken Institute; Professor of Economics and Public Policy, Blavatnik School of Government, University of Oxford

Ana Palacio

Member, Spanish Council of State

Tuesday, October 13, 2015

Tue 10/13
7:30 am - 8:45 am

CEO and Investor Roundtable Breakfast (By Invitation Only)

This private, off-the-record session will convene representatives of leading corporations and investors to discuss topics, trends and strategies related to increasing investment in developing markets.

Moderator

Mindy Silverstein

Managing Director, Milken Institute

Tue 10/13
7:30 am - 8:45 am

Networking Breakfast and Program:
Women Entrepreneurs Who Mean Business (By Invitation Only)

Beyond a few celebrated cases, discussion about the lack of funding for companies owned or led by women has failed to produce real change. Despite their majority representation in higher education, as well as increased participation in science and engineering, women are underrepresented among entrepreneurs, particularly in growth fields such as technology. In addition, there seems to be a disconnect between the many profitable opportunities and the meager investment capital for high-growth businesses that have women at the helm. This is true for the U.S, but even more so in Europe. This panel will discuss the current state of investing in women-led firms and how to remove the barriers that limit funding and other forms of support. We feel it’s important for everyone — male and female — to join this conversation.

Moderator

Richard Ditizio

Executive Vice President and Chief Operating Officer, Milken Institute

Speakers

Ajay Chowdhury

Partner and Managing Director, BCG Digital Ventures London

Claire Cockerton

Founder, CEO and Chairwoman, ENTIQ

Anna Jones

CEO, Hearst Magazine, UK

Helena Morrissey, CBE

CEO, Newton Investment Management; Chair, Investment Association; Founder, 30% Club

Rosemary Squire, OBE

Joint CEO, Ambassador Theatre Group

Janet Thomas

Managing Director, Infinity Capital Partners; President, Women in Banking and Finance

Debbie Wosskow

CEO, Love Home Swap

Tue 10/13
8:45 am - 9:00 am

Welcoming Remarks

Welcoming Remarks

Michael Klowden

President and Chief Executive Officer, Milken Institute

Tue 10/13
9:00 am - 10:00 am

Global Overview

Monetary policy and low oil prices have helped push the global economy forward, but ensuring sustained prosperity will require more work. Growth in the U.S. remains solid despite developing-market hiccups and the prospect of an interest-rate hike, and the UK is growing at a faster-than-expected pace. Growth also is picking up in the euro zone and Japan. But potential stumbling blocks remain, including the mass migration of Mideast refugees to the European Union. China is struggling to maintain robust growth while dealing with an unstable stock market. Among the BRIC nations, only India is likely to accelerate this year. And the Greek debt crisis still haunts Europe. Will that impaired nation derail the modest expansion projected for the euro zone this year? What can be done to raise productivity and competitiveness in slow- and no-growth economies? How will continued conflict in the Middle East and Ukraine influence confidence?

Moderator

Zanny Minton Beddoes

Editor in Chief, the Economist

Speakers

Willem Buiter, CBE

Global Chief Economist, Citi

Sir Paul Collier, CBE

Senior Fellow, Milken Institute; Professor of Economics and Public Policy, Blavatnik School of Government, University of Oxford

Larry Hatheway

Group Chief Economist, GAM

Ana Palacio

Member, Spanish Council of State

Tue 10/13
10:15 am - 11:15 am

Accelerating Precision Medicine to Improve Physical and Fiscal Health (By invitation only)

Far too many diseases have no proven means of prevention, or even effective treatments. But a growing discipline is poised to change that. Precision medicine, which draws on genomics and advanced technology to enable physicians to tailor treatments for individual patients, has evolved from niche science to a key funding priority and is attracting interest from investors and policymakers. The launch of the UK’s Precision Medicine Catapult—NHS’ multimillion-pound investment in six major academic centers for diagnostic test development—the 100,000 Genomes Project and other initiatives demonstrate that many are banking on precision medicine as the future of disease treatment. Success depends on partnerships with patients to acquire data, cross-sector collaboration and investment by the public and private sectors. How will we sustain and grow this paradigm? What can be done to accelerate its use against life-threatening diseases? This session will highlight lessons learned from the field and explore the changes needed to enable progress.

Moderator

Margaret Anderson

Executive Director, FasterCures, a Center of the Milken Institute

Speakers

Mark Caulfield

Co-Director, William Harvey Research Institute, Queen Mary University of London

John McKinley

CEO, Precision Medicine Catapult

Ian Walker

Director, Clinical Research and Strategic Partnerships, Cancer Research UK

Tue 10/13
10:15 am - 11:15 am

High Street vs. Cyber Street: Can Retailers Thrive in a Digital World?

Can High Street coexist with Cyber Street? Brick-and-mortar retailers are exploring new strategies to reclaim consumers who, increasingly, are buying online. The challenges are significant. How do you close the sale when a customer can compare prices with a few taps on a mobile phone? And how do you appeal to Web-savvy millennials who not only look for a good deal, but social responsibility as well? Some retailers have found success by selling through their own websites or creating hybrid services that enable customers to buy online and pick up merchandise in the store to avoid shipping costs. Retailers also benefit by stressing the personalized service available in stores. Our expert panelists will also examine branding, marketing and changing consumer tastes.

Moderator

Ian King

Business Presenter, Sky News; Business Columnist, The Times

Speakers

B. Bonin Bough

Chief Media and eCommerce Officer, Mondelēz International

Ajay Chowdhury

Partner and Managing Director, BCG Digital Ventures London

Scott Malkin

Founder and Chairman, SD Malkin Properties and Value Retail

Michael Ward

Managing Director, Harrods

Tue 10/13
10:15 am - 11:15 am

Powering Up European High-Tech

From the silicon chip to social media, America has programmed the path of information technology, an industry that has changed the world and created phenomenal wealth. But can Europe disrupt expectations of a future centered on Silicon Valley? Why has the continent been a buyer, rather than a producer, of the devices, software and media that define the digital age? Observers point to contrasting cultures, saying that California's embrace-failure-and-try-again attitude has no analog in refined Europe, and that despite the continent's financial strength, it lacks the vast funding networks that enable American inventors to turn ideas into products. What strategies can help Europeans partner with or outperform entrenched U.S. giants? What are European regulators thinking—are their frequent interventions sparking competition or masking protectionism? Our expert panel will discuss how to nurture entrepreneurs, channel the continent's brainpower and industrial might into next-generation offerings and build a digital Europe.

Moderator

Ravi Mattu

Technology Editor, Financial Times

Speakers

Nick Bray

Chief Financial Officer, Sophos

Graham Cooke

Founder and CEO, Qubit

Fred Destin

Partner, Accel Partners

Sara Murray, OBE

Founder and CEO, Buddi

Riccardo Zacconi

Co-Founder and CEO, King Digital Entertainment

Tue 10/13
10:15 am - 11:15 am

Strategic Philanthropy: Investing in the Next Generation of Entrepreneurs

Join us for a discussion about creating and sustaining real change through philanthropy and investing in the next generation of entrepreneurs. In this session, a select group of leading global philanthropists will explore new and bold ways to work together and spark change around the world. Speakers and participants will engage in a frank discussion on the response to local and national needs, the efficacy of multiple strategies and the expansion of initiatives at the intersection of for-profit and nonprofit activities.

Moderator

Richard Ditizio

Executive Vice President and Chief Operating Officer, Milken Institute

Speakers

Sir Tom Hunter

Founder, Hunter Foundation; Founding Partner, West Coast Capital

Michael Milken

Chairman, Milken Institute

Igor Tulchinsky

Founder and CEO, WorldQuant LLC

Tue 10/13
10:15 am - 11:15 am

The Future of Finance: Strategies for a Fast-Changing Industry

Innovative technologies, with their promise of faster, more efficient markets, are reshaping the global financial services industry. Traditional institutions are competing with nimbler, more specialized platforms that transact loans and payments with greater speed than traditional institutions. Investment funds are playing a bigger role in lending to small enterprises and infrastructure projects. The new entrants to the market, and old players taking on new roles, can help economies grow, but they also may bring new risks to financial markets. Can regulators keep pace with this rapid change? What new measures are needed to monitor them? This panel will feature representatives of leading financial institutions sharing their views about the future of finance.

Moderator

Anna Edwards

Co-Anchor, "Countdown," Bloomberg Television

Speakers

Nobel Gulati

CEO, Two Sigma Advisers, LLC

Dominic Lester

Managing Director, European Joint Head of Investment Banking, European Head of TMT Investment Banking, and Joint Global Head of Technology, Jefferies LLC

Seth Merrin

Founder and CEO, Liquidnet Holdings, Inc.

William White

Chairman, Economic and Development Review Committee, OECD

Tue 10/13
10:15 am - 11:15 am

U.S. Overview: Can Growth Continue?

The U.S. economy, buoyed by employment gains and declining energy prices, continues to advance. But will it last? There are reasons for optimism. The housing market is healthy and key trade agreements, including the Trans-Pacific Partnership, are on track for approval. The Federal Reserve has expressed confidence that growth will continue, and most observers expect it to raise interest rates before year’s end. Amid the optimism, though, questions remain. What will a rate hike mean for equities and emerging economies, two beneficiaries of near-zero rates? And how might modest increases affect residential home sales? Join this panel for a discussion of these issues and more.

Moderator

Philippa Thomas

Senior Presenter and Correspondent, BBC World News

Speakers

Adrian Cooper

CEO, Oxford Economics

Ross DeVol

Chief Research Officer, Milken Institute

William Kahane

CEO, AR Global

Pippa Malmgren

Founder, DRPM Group; Former Special Assistant to the U.S. President for Economic Policy

Oliver Wriedt

Co-President, CIFC

Tue 10/13
11:30 am - 12:30 pm

China's European Shopping Spree

Chinese investors are looking for corporate buyout prospects beyond their borders — particularly in Europe. The UK is now the second-most-popular destination for Chinese buyers, following Germany. In the last year, Chinese companies made more deals in Europe than European companies made in China. Highly regarded European brands are the top target for Chinese private-equity firms. Will China’s currency devaluation and market tremors stop the spree, or will they increase Chinese investors’ desire to diversify overseas? What are the consequences for Europe? How are the recently acquired companies faring under the new leadership? Will the growth of private investment expand China's influence in the region?

Moderator

Sean Darby

Global Head of Equity Strategy, Jefferies

Speakers

André Loesekrug-Pietri

Chairman, A Capital Funds; Chairman, Paulina Foundation

Brett McGonegal

Co-Founder and CEO, Reorient Group

Patrick Zhong

Senior Managing Director and Head of Global Investments and Strategies, Fosun Group

Tue 10/13
11:30 am - 12:30 pm

City Life: New Designs for an Urban Planet

Cities are centers of invention and reinvention. As the planet’s population continues to expand and concentrate, new cities will be built, established cities will become megacities and historic cities must be modernized to remain livable, workable and prosperous. Europe’s cities can credibly claim to show the world how it’s done. Their transportation and other infrastructure seamlessly facilitate millions of busy lives. Europe leads the way in integrating environmental sustainability into its economy, and its culture of cultural preservation is a gift to the rest of us. But many of these metropolises, among the most complex spaces on Earth, face serious challenges themselves, among them renewing their economic vitality and fostering social inclusion. As they evolve, cities the world over must find ways to attract investment and promote public health while accommodating the age wave and limiting their impacts on the land, air and water. What strategies can ensure successful urban civilization in the coming decades? What is the role of local government, and what can localities in far-flung regions learn from one another?

Moderator

Kevin Klowden

Managing Director, California Center, and Managing Economist, Milken Institute

Speakers

Claire Cockerton

Founder, CEO and Chairwoman, ENTIQ

James Goldsmith

Leasing Director, Real Estate Management Ltd.

Nicolaus Henke

Head of McKinsey Analytics; Director, McKinsey & Co.

Bridget Rosewell

Founder and Senior Advisor, Volterra Partners; Former Chief Economic Advisor, Greater London Authority

Duncan Swinhoe

Regional Managing Principal, Gensler

Tue 10/13
11:30 am - 12:30 pm

Tech Rx: Harnessing Big Data to Cure Disease

In many industries, from consumer goods to travel to finance, companies use big data to sharpen their competitive edge. In health care, the full power of big data has yet to be harnessed despite the centrality of information to the field. Data reveal the story of patient health and can drive innovations that will save lives, provide relief and extend longevity. Today, large pools of both clinically gathered and patient-collected data are accumulating at staggering rates, revealing key patterns. How can we use big data to improve a population's physical well-being and by extension, a country's fiscal health? Which models from other industries can be applied to the health-care sector for maximum impact? How can big data and analytics give patients a voice in solving medical problems that affect them, and what are the risks of not taking advantage of this resource?

Moderator

Margaret Anderson

Executive Director, FasterCures, a Center of the Milken Institute

Speakers

Mary Baker, MBE

Past President, European Brain Council

Albert Bourla

Group President, Vaccines, Oncology and Consumer Healthcare, Pfizer Inc.

Gianrico Farrugia

Vice President, Mayo Clinic; CEO, Mayo Clinic in Florida

Nicole Mather

Director, Office for Life Sciences, UK Department of Health and Department for Business, Innovation and Skills

Nicola Perrin

Head of Policy, Wellcome Trust

Tue 10/13
11:30 am - 12:30 pm

The Future of Europe

Political polarization, fueled by a massive influx of immigrants and a lagging economic recovery, is threatening the future of the European Union. EU members are increasingly divided over how to deal with thousands of refugees seeking safe haven from Middle East wars. The crisis adds to discontent over economic policies, particularly in the UK, where Prime Minister David Cameron has promised to re-negotiate the terms of Britain’s membership ahead of a referendum on whether the country should leave the 28-member bloc. The disillusionment is driven by factors that include the continent’s slow economic rebound, a desire to shed EU trade and financial regulations and another immigration issue, Eastern European job seekers who enter Britain under the EU’s open-border policy. A more stable EU economy, however, may be rallying support for maintaining the Union.

Moderator

Louisa Bojesen

Anchor, European Closing Bell, CNBC

Speakers

Peter Beyer

Member, Bundestag, Germany

Nigel Farage

Leader, UK Independence Party; Member, European Parliament

Juan María Nin Génova

President, Spain-USA Foundation; Former Deputy Chairman and CEO, CaixaBank

Howard Shore

Executive Chairman, Shore Capital

Tue 10/13
12:30 pm - 2:15 pm

Lunch Program | The Future of Humankind

What will it be like to be human a century from now? Will 120-year lifespans become commonplace as disease is tamed by gene editing and precision medicine? Will technology render many jobs obsolete, creating a society of leisure – and unemployment? Will climate change permanently alter our planet’s ecosystem? What will outer space bring us – new places to live or contact with extraterrestrial beings? With science and technology progressing swiftly, advances such as these — once considered fantasy — now appear to be within reach. The benefits are obvious: longer, healthier lives and greater productivity. But there are also unsettling questions. What will workers do as robots take over jobs? How can we avoid even greater social and income disparity as workers are displaced? Will humankind lose control of the intelligent machines we build? Are we ready for the world that is coming?

Welcoming Remarks

Katie O'Reilly

Executive Director, Business and Program Development, Milken Institute

Moderator

Mariette DiChristina

Editor in Chief and Senior Vice President, Scientific American

Speakers

Martin Rees

Astronomer Royal; Author, “Our Final Hour: A Scientist’s Warning”

Matt Ridley

Journalist and Author; Member, House of Lords

Peter Schwartz

Senior Vice President, Global Government Relations and Strategic Planning, Salesforce

Tue 10/13
2:30 pm - 3:30 pm

e-Access: Technology Opens Doors to the Rural and Remote

Technology’s remarkable reach is improving lives by making it possible for people to access a multitude of services, even in remote corners of the planet. By leapfrogging typical development barriers this way, technology has redefined the consumer landscape from rural America to rural Africa as a wide range of industries—including education, finance, energy and health care—put their services in the hands of as many people as possible. Mobile health diagnoses, lending to previously “invisible” consumers and online learning platforms are swiftly creating connections and opportunities. This panel brings together leading global firms and new disruptors to discuss how they are harnessing technology to improve access in once-unreachable markets. What lessons have they learned? What are the regulatory and practical challenges? And how will they stay on the cutting edge?

Moderator

Daniel Gorfine

Adjunct Fellow, Milken Institute; Vice President, External Affairs and Associate General Counsel, OnDeck

Speakers

John Fallon

CEO, Pearson

Michael Macharia

Founder and CEO, Seven Seas Technologies Group

Samer Salty

Founder and CEO, Zouk Capital

Gary Stewart

Director, Open Future UK and Wayra UK

Tue 10/13
2:30 pm - 3:30 pm

Innovative Finance: Solving SMEs’ Capital Access Dilemma

Growth in alternative financing for small- to medium-sized businesses is exploding globally as technology-driven platforms such as peer-to-peer lending and crowdfunding fill the void left by banks after the financial crisis. The 3 billion euro alternative-financing marketplace is expected to reach 7 billion euros this year, with the UK leading the way with about three-fourths of the market. These new lenders have dramatically enhanced access to capital for SMEs as banks, facing increased regulation and pressure to deleverage, withdraw from the marketplace. While these changes have led to some policies thought to encourage alternative lending, the increase in size has also led regulators across the world to look at alternative financing more closely. Will it continue to grow at today’s furious pace? To what extent are these tech-driven services driving SME growth? And how should policy effectively promote this marketplace without introducing new dangers for consumers?

Moderator

Brian Knight

Associate Director, Center for Financial Markets, Milken Institute

Speakers

Thomas Davies

Chief Investment Officer, Seedrs

Shalini Khemka

Founder and CEO, E2Exchange

Lucy Vernall

Global General Counsel and Head of Compliance, Funding Circle

Rob Young

Senior Vice President, International, OnDeck

Tue 10/13
2:30 pm - 3:30 pm

Institutional Investors: Examining the Long Term

Institutional investors, often grouped together as a class, in reality face diverse liabilities and investment horizons. Although there is growing interest in long-term strategies, it is unlikely to become the Holy Grail as managers seek better profits and yields in the current climate of low rates of return. Many already have turned from bonds to equities and real estate, but will that continue if markets become more volatile? How are funds shifting their governance and investment approach amid volatility and the difficulty of generating returns in most traditional asset classes? How can managers adjust their portfolios to meet plan obligations? Will they change governance, compliance and asset allocation as they reassess their strategies?

Moderator

David Blood

Co-Founder and Senior Partner, Generation Investment Management

Speakers

Stefan Dunatov

Chief Investment Officer, Coal Pension Trustees Ltd.

Torben Möger Pedersen

CEO, PensionDanmark

Eugene O'Callaghan

Director, Ireland Strategic Investment Fund

Tue 10/13
2:30 pm - 3:30 pm

Investing in Art as an Asset Class: Passion or Profit?

Art and collectibles have been long considered “investments of passion” with unmeasurable risks. Yet in recent years we have seen exciting returns and unexpected value realized by a number of expertly led art funds. In this panel, we will look at drivers and trends in this intriguing asset class and provide an insightful take on key considerations for investors, including risk and volatility, performance correlation, the importance of diversification and cycle analysis. We’ll highlight new fund offerings and other investment opportunities.

Moderator

Iain Robertson

Head of Art Business Studies, Sotheby's Institute of Art

Speakers

Philip Hoffman

Founder and CEO, Fine Art Fund Group

Howard Lewis

Director, Schorr Collection; Founder, OFFLINE

Clare McAndrew

Founder and Managing Director, Arts Economics

Lucian Simmons

Senior Vice President and Worldwide Director of Restitution, Sotheby's

Tue 10/13
2:30 pm - 3:30 pm

Macroprudential Policy: What’s Next? (By invitation only)

While countries are moving forward with the implementation of frameworks such as Basel III, the benefits of such complex regulations remain an open question. In a recent Milken Institute report on macroprudential policy, we warn the practitioners about the use of a single indicator for the financial cycle when implementing countercyclical capital buffers. As IMF chief Christine Lagarde has said: “It is not just more regulation that is needed; it is better regulation.” London is an interesting place to examine the subject given the Bank of England’s activities on the macroprudential front and its governor’s role as chair of the Financial Stability Board. This session offers a unique opportunity to gain a better understanding of recent financial regulations and interact with influential policymakers.

Moderator

Claude Lopez

Director, International Finance and Capital Markets Research, Milken Institute

Tue 10/13
2:30 pm - 3:30 pm

Power Shifts: The Emergence of a Multipolar World

How is competition and collaboration among China, Europe and the United States reshaping the world? Is it possible to create a multilateral system that promotes global growth and enhances security for all? America’s strengths are legion—its GDP has no peer, its military bases ring the world and it has become a hydrocarbon superpower, yet its leadership is being tested by geopolitical conflicts and trade competition. Europe is struggling economically and more and more looking inward, while Beijing’s outward ambitions are visible in economic initiatives such as the New Silk Road, an intercontinental infrastructure project, and the Asian Infrastructure Investment Bank, potentially a challenge to Western-led funding agencies. As China and other Asian economies continue to grow swiftly, will Western ones inevitably shrink? With Europe paring military budgets to shore up its recovery, is NATO still a commanding force? How will trade, diplomatic alliances and access to resources influence the balance of power?

Moderator

Adam Hitchcock

Managing Director, Guggenheim Partners

Speakers

Jean-Marie Guéhenno

President and CEO, International Crisis Group

Mehdi Jomaa

Former Prime Minister, Tunisia

Sir Richard Shirreff

Former Deputy Supreme Allied Commander Europe, NATO

Tue 10/13
3:45 pm - 4:45 pm

Balancing Financial Technology and National Sovereignty (By invitation only)

Technology pays little heed to national borders, particularly in the realm of finance. In the UK, U.S. and Europe, transactions that were once inherently local are now routinely national or international. Access to capital, payments, banking and remittances have all moved online while the regulations governing them have struggled to keep up. Moreover, as technology enables more transactions to reach across borders, the need to harmonize regulations within and among countries becomes more acute. As citizens, industry and government struggle to operate in an increasingly interconnected world, we’ll explore the questions that arise about sovereignty, democracy and enforcement.

Moderator

Brian Knight

Associate Director, Center for Financial Markets, Milken Institute

Tue 10/13
3:45 pm - 4:45 pm

Bridging the Talent Divide: Demand-Driven Education for a Diverse Workforce

In the global job market, there is a growing urgency to close the education-to-employment gap and build a workforce armed with the most in-demand skills. Across the EU, more than 20 percent of people under the age of 25 are jobless, while millions of older unemployed workers have long stopped looking. At the same time, workforce diversity is increasing and rapid developments in technology and science are boosting demand for skilled talent to fill critical jobs. In the face of these changes, how can we best share knowledge and develop skills across generations and diverse groups of workers to help them fulfill their aspirations? What can be done to create robust, scalable education programs? Our panel will set its sights on the challenges the UK, U.S. and EU face in adapting their workforces to the changing global economy and aligning education and training to industry needs.

Moderator

Mark Cahill

Managing Director, UK and Ireland, ManpowerGroup

Speakers

Nancy Altobello

Global Vice Chair, Talent, EY

Meabh Quoirin

Managing Director, Future Foundation

Richard Socarides

Head of Public Affairs, GLG

Tim Stewart

Dean of the Business School, BPP University

Aniela Unguresan

Co-Founder, EDGE Certified Foundation

Tue 10/13
3:45 pm - 4:45 pm

Creating an Enabling Environment for Growth in Africa

Sub-Saharan Africa, one of the world’s fastest-growing regions, has become a focal point for international businesses, investors and governments seeking new markets. The question they are asking has evolved from “Why should we do business in Africa?” to “How do we do business in Africa — and with whom?” The change in sentiment was underscored this year during summits on sustainable development, financing, entrepreneurship and climate change. Their interest is driven by growth in sectors such as financial services, telecommunications, real estate and retail. This panel of African and global business leaders, investors and policymakers will outline the key issues that are being, or need to be, addressed to create an enabling environment for growth. What are the most important obstacles to business? What recent transformations are they most optimistic about? How are they navigating or confronting Africa’s biggest challenges to seize its biggest opportunities?

Moderator

Henry Obi

Chief Operating Officer, Helios Investment Partners

Speakers

Chinelo Anohu-Amazu

Director General, Nigerian National Pension Commission

Gachao Kiuna

CEO, TransCentury Ltd.

Scott Mackin

Managing Partner and Co-President, Denham Capital

Ali Mufuruki

Chairman and CEO, Infotech Investment Group

Ebele Okobi

Head of Public Policy for Africa, Facebook

Tue 10/13
3:45 pm - 4:45 pm

Cybersecurity: The Internet of Threats

High-profile cyber-intrusions have exposed the deep vulnerabilities of governments and corporations to theft and disruption. Nearly every small or medium-sized company across Europe has been breached at some point. Governments are, if anything, an even bigger target: The UK’s Ministry of Defence reports fending off about 2,000 attacks daily. Cybersecurity has become a matter of national security as well as economic survival. But is there a solution? The speed of technological change works against the defenders. And, until recently, protecting data networks has been a second priority for many. Our expert panel will explore these issues and discuss effective remedies.

Moderator

Edward Lucas

Senior Editor, the Economist; Senior Vice President, Center for European Policy Analysis

Speakers

Paul Gillen

Head of Cyber Security Operations Centre, Barclays

Sinisha Patkovic

Vice President, Security Advisory, BlackBerry

Nadav Zafrir

Co-Founder and CEO, Team8; Former Commander, Technology and Intelligence Unit 8200, Israeli Defense Forces

Tue 10/13
3:45 pm - 4:45 pm

Global Capital Markets Advisory Council (By Invitation Only)

Tue 10/13
3:45 pm - 4:45 pm

Unlocking Europe's Capital Markets

As capital has become more expensive for European banks grappling with constrained balance sheets, the efficiency of capital markets has become more crucial. The initiative to create the European Capital Markets Union is designed to ensure that money flows more easily across the EU economy to help companies grow. To be sure, segments of Europe’s capital markets are working effectively, presenting great opportunities for newcomers. In fact, since the onset of the global financial crisis, Europe's high-yield bond market has grown at a 32-percent compound annual rate, including large volumes of issuance from U.S. companies. And in 2014, IPO volumes in Europe outpaced the U.S. by $22 billion, with the U.S. generating $62 billion vs. Europe's $84 billion. Yet gaps remain that have prompted the European Commission’s new integration strategy. How is it progressing and will it expand investment channels? What are the opportunities and dangers along the path to creating a more efficient financial system?

Moderator

Odi Lahav

CEO, Allenbridge

Speakers

Michael Berry

Managing Director, Pricoa Capital Group

Mathew Cestar

Managing Director and Co-Head of Global Credit Products, EMEA, Credit Suisse

Jim Galowski

Global Co-Head, Corporate Structured Credit, Apollo Global Management

Tue 10/13
5:00 pm - 6:00 pm

Global Capital Markets

Institute Chairman Mike Milken and leading market experts will explore trends shaping global capital markets. Africa remains one of the most exciting stories, with economic and demographic factors — along with efforts toward better governance — underlying the potential for strong growth. As the world’s middle class swells, what other emerging markets are poised to take off? Will China tame the turmoil in its stock market? Can it return to double-digit growth? If not, how will that affect commodities, especially energy, given the new geography of oil and gas production? Which nations are best positioned to thrive in the global competition for talent? How will ongoing violence and uncertainty in the Middle East affect economic stability in the region? How are advances in technology — particularly in mobile communications and health — affecting the wealth of nations? What’s the outlook for interest rates and Europe’s monetary union?

Welcoming Remarks

Michael Klowden

President and Chief Executive Officer, Milken Institute

Moderator

Michael Milken

Chairman, Milken Institute

Speakers

Richard Byrne

President, Benefit Street Partners, Providence Equity Partners

Katherine Garret-Cox, CBE

CEO, Alliance Trust PLC

Robert Kricheff

Senior Vice President and Portfolio Manager, Shenkman Capital

Brigitte Posch

Head of Emerging Markets Corporate Debt, Babson Capital Management

Paul Taylor

President and CEO, Fitch Group

Tue 10/13
6:00 pm - 7:00 pm

Closing Reception