KMF2017
Cerebrum Algorithm:
Building True Value in a Post-Truth World
2 & 3 October 2017
Cerebrum Algorithm:
Concept Paper
If there were two events that particularly defined the year 2016, it would be, firstly, in June, the United Kingdom’s “Brexit” vote and, secondly, in November, Donald Trump’s victory in the United States Presidential elections. In both cases, the outcomes were, for many, wholly unexpected. Along the campaign trail leading up to both events, Donald Trump and the politicians supporting Brexit were found guilty of portraying misleading facts and figures and, in some cases, total falsehoods, as demonstrated by fact-checking websites. This notion of rhetoric overpowering facts became a major global issue; indeed, the Oxford Dictionaries’ 2016 Word of the Year was ‘Post-Truth.’
Concept Paper Programme
8:00am
Registration
9:00am - 9:30am
Welcome Remarks and Introduction to KMF2017
Tan Sri Dato’ Azman Hj Mokhtar
Managing Director, Khazanah Nasional Berhad
Tan Sri Dato’ Azman Hj Mokhtar
Managing Director, Khazanah Nasional Berhad
9:30am - 10:20am
Special Address: 'How We Can Solve the Grand Challenges of Humanity and Build New Trillion Dollar Industries'
Vivek Wadhwa
Distinguished Fellow and Adjunct Professor, Carnegie Mellon University
Introducer:
Serena Tan Mei Shwen
Executive Director, Investments, Khazanah Nasional Berhad
Vivek Wadhwa
Distinguished Fellow and Adjunct Professor, Carnegie Mellon University
Serena Tan Mei Shwen
Executive Director, Investments, Khazanah Nasional Berhad
10:20am - 10:35am
Break
10:45am - 11:55am
Core Session 1: Macro and Markets
The Search for Alpha: Can Algorithm Trump Cerebrum?
Jan Metzger
Managing Director, Global Co-Head IB Technology and Head of Asia Pacific TMT, Citigroup
Martin Skancke
Chair, Principles of Responsible Investment (PRI); and former Head of Asset Management, Ministry of Finance, Norway
Nurhisham Hussein
Head of Economics and Capital Markets, Employees Provident Fund Malaysia
Sharifatu Laila Syed Ali
Group CEO, ValueCAP Sdn Bhd
Tariq Al-Sudairy
Managing Director and CEO, Jadwa Investment
Chairperson:
Mohamed Ridzuan Mohamed
Director, Khazanah Research & Investment Strategy, Khazanah Nasional Berhad
Jan Metzger
Managing Director, Global Co-Head IB Technology and Head of Asia Pacific TMT, Citigroup
Martin Skancke
Chair, Principles of Responsible Investment (PRI); and former Head of Asset Management, Ministry of Finance, Norway
Nurhisham Hussein
Head of Economics and Capital Markets, Employees Provident Fund Malaysia
Nurhisham Hussein is Chief Strategy Officer of the Employees Provident Fund (EPF), covering the areas of corporate strategy, policy, communications, sustainability, and transformation. He had previously served at EPF as Head of the Economics and Capital Markets Dept, overseeing economic surveillance of over 20 economies across the globe. He joined EPF after a stint with Malaysian Rating Corporation Berhad (MARC) and Permodalan Nasional Berhad (PNB).
Nurhisham holds a BSc in Monetary Economics from the University of London School of Economics and Political Science, and a Masters in Economics from Universiti Malaya.
Sharifatu Laila Syed Ali
Group CEO, ValueCAP Sdn Bhd
Tariq Al-Sudairy
Managing Director and CEO, Jadwa Investment
Mohamed Ridzuan Mohamed
Director, Khazanah Research & Investment Strategy, Khazanah Nasional Berhad
Ridzuan Mohamed is a Director in the Research division of Khazanah. He has more than ten years industry experience as a sell-side equities analyst, having covered the Malaysian utilities, transportation and telecommunications sectors for a number of investment banks including UBS and Merrill Lynch. Since joining Khazanah in 2009, his research responsibilities have spanned the breadth of the organization, from GLC Transformation to Macro Strategy and Portfolio/ Business Strategy, and currently Public Markets.
Ridzuan is a Chartered Financial Analyst, and an economics graduate of the London School of Economics and Political Science.
12:00pm - 12:45pm
Special Address: ‘In Conversation with Dr Ngozi
Okonjo-Iweala’
Dr Ngozi Okonjo-Iweala
Chair, Global Alliance for Vaccines and Immunisation (GAVI); and former Finance Minister, Federal Republic of Nigeria
Introducer:
Tan Sri Dato’ Azman Hj Mokhtar
Managing Director, Khazanah Nasional Berhad
Moderator:
Prof Jomo Kwame Sundaram
Third Holder of the Tun Hussein Onn Chair in International Studies, Institute of Strategic and International Studies (ISIS) Malaysia; and Visiting Senior Fellow, Khazanah Research Institute
Dr Ngozi Okonjo-Iweala
Chair, Global Alliance for Vaccines and Immunisation (GAVI); and former Finance Minister, Federal Republic of Nigeria
Tan Sri Dato’ Azman Hj Mokhtar
Managing Director, Khazanah Nasional Berhad
Prof Jomo Kwame Sundaram
Third Holder of the Tun Hussein Onn Chair in International Studies, Institute of Strategic and International Studies (ISIS) Malaysia; and Visiting Senior Fellow, Khazanah Research Institute
12:55pm - 2:15pm
Luncheon Address
Joseph C. Tsai
Executive Vice Chairman, Alibaba Group
Introducer:
Datuk Ben Chan
Executive Director and Co-Head of Investments, Khazanah Nasional Berhad
Joseph C. Tsai
Executive Vice Chairman, Alibaba Group
Datuk Ben Chan
Executive Director and Co-Head of Investments, Khazanah Nasional Berhad
2:25pm - 3:35pm
Core Session 2: Firms and Transformation
A World Awash With Data: What is the Role of the Algorithm in Enhancing Corporate Performance?
Neal Cross
Managing Director and Chief Innovation Officer, DBS Bank
Sandip Sen
Global CEO and Executive Director, Aegis
Sandy Ogg
Founder, CEO.works
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz
Minister of Finance Malaysia; and Board Member, Khazanah Nasional Berhad
Chairperson:
Datuk Hisham Hamdan
Executive Director, Investments and Head of Khazanah Research & Investment Strategy, Khazanah Nasional Berhad
President and Group Chief Executive, Permodalan Nasional Berhad (PNB)
Neal Cross
Managing Director and Chief Innovation Officer, DBS Bank
Sandip Sen
Global CEO and Executive Director, Aegis
Sandy Ogg
Founder, CEO.works
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz
Minister of Finance Malaysia; and Board Member, Khazanah Nasional Berhad
Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz was appointed as a Board member of Khazanah effective 1 April 2020. He is a Senator of Dewan Negara and the Minister of Finance.
He has over 22 years of experience in the banking and finance industry. Prior to his ministerial position, he was the Group CEO/Executive Director of CIMB Group Holdings Berhad. He had also served as CEO of Maybank Investment Bank Berhad and Maybank Kim Eng Holdings, as well as held senior positions in Citigroup Malaysia, Kenanga Holdings Berhad and Avenue Securities.
He graduated from University of Bristol, UK in Economics and Accounting. He also holds a Masters in Finance and Management from University of Exeter, UK and is a certified Fellow Chartered Banker by the Asian Institute of Chartered Bankers.
Datuk Hisham Hamdan
Executive Director, Investments and Head of Khazanah Research & Investment Strategy, Khazanah Nasional Berhad
Hisham Hamdan joined Khazanah in April 2011 from Sime Darby Berhad, where he served in various senior capacities, covering strategy and business development, healthcare, energy & utilities, and China. He holds two degrees in Chemical Engineering and Industrial management from Purdue University, United States. He has also attended the Harvard Business School’s Advanced Management Programme.
3:40pm - 4:50pm
Special Session: ASEAN X Obor X The World
The Rise of Corporate Economic Soft Power
Joseph C. Tsai
Executive Vice Chairman, Alibaba Group
Prof Mari Pangestu
Senior Fellow in International and Public Affairs, Columbia University; Professor of International Economics, University of Indonesia; and former Minister of Trade, Republic of Indonesia
Tan Sri Dato' Dr Mohd Munir Abdul Majid
Chairman, Bank Muamalat Malaysia Berhad; Chairman, ASEAN Business Advisory Council - Malaysia; and President, ASEAN Business Club
YB Dato' Seri Mustapa Mohamed
Minister of International Trade and Industry, Malaysia
Chairperson:
Tan Sri Andrew Sheng
Distinguished Fellow, Asia Global Institute, The University of Hong Kong; and Board Member, Khazanah Nasional Berhad
Joseph C. Tsai
Executive Vice Chairman, Alibaba Group
Prof Mari Pangestu
Senior Fellow in International and Public Affairs, Columbia University; Professor of International Economics, University of Indonesia; and former Minister of Trade, Republic of Indonesia
Tan Sri Dato' Dr Mohd Munir Abdul Majid
Chairman, Bank Muamalat Malaysia Berhad; Chairman, ASEAN Business Advisory Council - Malaysia; and President, ASEAN Business Club
YB Dato' Seri Mustapa Mohamed
Minister of International Trade and Industry, Malaysia
Tan Sri Andrew Sheng
Distinguished Fellow, Asia Global Institute, The University of Hong Kong; and Board Member, Khazanah Nasional Berhad
4:50pm - 5:05pm
Break
5:15pm - 7:00pm
Special Session in Collaboration with TEDxKL: Innovation Without Borders 3.0
Ambarish Mitra
Co-Founder and CEO, Blippar
Dr Michel Laberge
Founder and Chief Science Officer, General Fusion
Simon Kuper
Author; and Columnist, Financial Times
Srikanth Velamakanni
Co-Founder, Group CEO and Executive Vice-Chairman, Fractal Analytics
Sumant Mandal
Managing Director and Co-Founder, March Capital Partners
Introducer:
Tengku Dato’ Seri Azmil Zahruddin
Executive Director, Investments, Khazanah Nasional Berhad
Ambarish Mitra
Co-Founder and CEO, Blippar
Dr Michel Laberge
Founder and Chief Science Officer, General Fusion
Dr. Michel Laberge is a physicist with extensive practical experience in plasma physics and modern plasma diagnostic techniques. He possesses comprehensive knowledge of the latest technologies related to electronics, computers, materials, lithography, optics, and fabrication, and is skilled in designing and constructing test apparatus to evaluate technical concepts. Prior to establishing General Fusion, Michel spent nine years at Creo Products in Vancouver as a senior physicist and principal engineer. His roles included inventor, designer, and scientific project leader on projects that resulted in more than $1 billion in product sales.
Simon Kuper
Author; and Columnist, Financial Times
Srikanth Velamakanni
Co-Founder, Group CEO and Executive Vice-Chairman, Fractal Analytics
Sumant Mandal
Managing Director and Co-Founder, March Capital Partners
Tengku Dato’ Seri Azmil Zahruddin
Executive Director, Investments, Khazanah Nasional Berhad
7:00pm
End of Day One
7:15pm
Dinner
8:30pm - 10:00pm
Special Event: Fearless Design - Perspectives in Form, Function and the Future featuring
Amanda Levete
Architect and Principal, AL_A
Ben Evans
Co-Founder and Director, London Design Festival
Izmir Yamin
Founder and Chief Executive, Independence-X Aerospace and Pulsar UAV
Lynette Wallworth
Interactive media artist
Amanda Levete
Architect and Principal, AL_A
Ben Evans
Co-Founder and Director, London Design Festival
Izmir Yamin
Founder and Chief Executive, Independence-X Aerospace and Pulsar UAV
Lynette Wallworth
Interactive media artist
9:00am - 9:45am
Special Address:
'The Future of Work: Is This Time Different?'
Dr Carl Benedikt Frey
Co-Director and Oxford Martin Citi Fellow, Oxford Martin Programme on Technology and Employment, University of Oxford
Introducer:
Datuk Johan Mahmood Merican
Secretary General of Treasury, Ministry of Finance Malaysia
Dr Carl Benedikt Frey
Co-Director and Oxford Martin Citi Fellow, Oxford Martin Programme on Technology and Employment, University of Oxford
Datuk Johan Mahmood Merican
Secretary General of Treasury, Ministry of Finance Malaysia
Datuk Johan is a qualified Chartered Accountant (ICAEW) and graduated with an Economics Degree from the University of Cambridge. Since 2004, Datuk Johan has served in various roles including Deputy Secretary General (Policy) and National Budget Director at the Ministry of Finance, Deputy Director General (Human Capital) of the Economic Planning Unit and CEO of Talent Corporation Malaysia. On 27 February 2023, he was appointed Secretary General of the Ministry of Finance. Before joining the government in 2004, he worked for 9 years in corporate finance and accounting roles in the private sector.
9:45am - 10:00am
Break
10:10am - 11:00am
Special Address: 'Do We Really Live in a Post-Truth World? And If We Do, then How Do We Fix It?'
Jimmy Wales
Founder, Wikipedia; Co-Founder, Wikia; and Founder, WikiTRIBUNE
Introducer:
Javier Santiso
Executive Director, Khazanah Europe Investment Limited
Jimmy Wales
Founder, Wikipedia; Co-Founder, Wikia; and Founder, WikiTRIBUNE
Javier Santiso
Executive Director, Khazanah Europe Investment Limited
11:05am - 12:15pm
Core Session 3: Growth and Development
Artificial Intelligence: Enhancing Growth X Exacerbating Inequality?
Dr Carl Benedikt Frey
Co-Director and Oxford Martin Citi Fellow, Oxford Martin Programme on Technology and Employment, University of Oxford
Prof Danny Quah
Li Ka Shing Professor of Economics and Vice Dean (Academic Affairs), Lee Kuan Yew School of Public Policy, National University of Singapore; and Senior Fellow, Khazanah Research Institute
Tan Sri Dato' Dr Michael Yeoh
Co-Founder and CEO, Asian Strategy & Leadership Institute (ASLI)
Sandiaga S. Uno
Deputy Governor-elect of Jakarta
Tan Sri Dato' Sri Dr Zeti Akhtar Aziz
Co-Chair, Board of Governors, Asian School of Business (ASB); and former Governor, Bank Negara Malaysia
Chairperson:
Dr Nungsari Ahmad Radhi
Managing Director, Prokhas Sdn Bhd
Dr Carl Benedikt Frey
Co-Director and Oxford Martin Citi Fellow, Oxford Martin Programme on Technology and Employment, University of Oxford
Prof Danny Quah
Li Ka Shing Professor of Economics and Vice Dean (Academic Affairs), Lee Kuan Yew School of Public Policy, National University of Singapore; and Senior Fellow, Khazanah Research Institute
Tan Sri Dato' Dr Michael Yeoh
Co-Founder and CEO, Asian Strategy & Leadership Institute (ASLI)
Sandiaga S. Uno
Deputy Governor-elect of Jakarta
Tan Sri Dato' Sri Dr Zeti Akhtar Aziz
Co-Chair, Board of Governors, Asian School of Business (ASB); and former Governor, Bank Negara Malaysia
Dr Nungsari Ahmad Radhi
Managing Director, Prokhas Sdn Bhd
Dr Nungsari, 63, is currently a Trustee of Yayasan Rahimah Yusof and a member of the Board of Directors of Bank Negara Malaysia. He was formerly the Executive Chairman of the Malaysian Aviation Commission and Chairman of Khazanah Research Institute Board of Trustees. He was also an Executive Director at Khazanah Nasional Berhad and the Principal Officer at Danainfra Nasional Berhad, Pengurusan Danaharta Nasional Berhad and Syarikat Jaminan Pinjaman Perniagaan as well as the Managing Director at Prokhas Sdn Bhd.
Dr Nungsari holds a PhD in economics from Purdue University.
12:20pm - 1:05pm
Special Address: 'Major Forces Transforming Banking'
John McFarlane
Chairman, Barclays
Introducer:
Roni L. Abdulwahab
Executive Director, Investments, Khazanah Nasional Berhad
John McFarlane
Chairman, Barclays
Roni L. Abdulwahab
Executive Director, Investments, Khazanah Nasional Berhad
1:15pm - 2:35pm
Luncheon Address:
'Building True Value: Striving to be a Community First, and a Company Second'
Kent J. Thiry
Chairman and CEO, DaVita Inc
Introducer:
Chinta Bhagat
Executive Director, Khazanah India Advisors Private Limited
Kent J. Thiry
Chairman and CEO, DaVita Inc
Chinta Bhagat
Executive Director, Khazanah India Advisors Private Limited
2:45pm - 3:30pm
Special Address: 'What Makes us Human? The Power and Privilege of Pro-Sociality'
Dr Emiliana Simon-Thomas
Neuroscientist; and Science Director, Greater Good Science Center, University of California, Berkeley
Introducer:
Ahmad Zulqarnain Onn
Executive Director, Investments and Head of Strategic Management Unit, Khazanah Nasional Berhad
Dr Emiliana Simon-Thomas
Neuroscientist; and Science Director, Greater Good Science Center, University of California, Berkeley
Ahmad Zulqarnain Onn
Executive Director, Investments and Head of Strategic Management Unit, Khazanah Nasional Berhad
Ahmad Zulqarnain Onn is Chief Executive Officer of the Employees Provident Fund (EPF), the largest Malaysian retirement fund. He was previously Group Chief Executive of Permodalan Nasional Berhad (PNB), the largest asset management company in Malaysia. Prior to PNB, he was Deputy Managing Director of Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, where he held various positions including Head of Strategy, Head of the Strategic Fund, and Head of the Financial Institutions Group. Zulqarnain was the founding Chief Executive Officer of a financial guarantee insurer which provided credit enhancement and structuring for large infrastructure projects.
He has had various roles in institutions leading debt restructuring and resolutions in the aftermath of the Asian financial crisis and at investment banks. He holds a bachelor’s degree in economics from Harvard University.
3:35pm - 4:20pm
Special Address: 'Falling in Love with AI'
Allon Reich
Film producer; Producer of 'Ex Machina'
Introducer:
Charles Leadbeater
Author and independent strategic advisor
Allon Reich
Film producer; Producer of 'Ex Machina'
Charles Leadbeater
Author and independent strategic advisor
4:25pm - 5:35pm
Core Session 4: People And Leadership
X Marks the Spot: What is the ‘X’ in ‘Cerebrum X Algorithm’?
Dr Emiliana Simon-Thomas
Neuroscientist; and Science Director, Greater Good Science Center, University of California, Berkeley
Hashim Shawa
Chairman, Bank of Palestine Group
Dato’ Paduka Iqbal Khan
CEO, Fajr Capital
Dato' Dr Nirmala Menon
Board Member, Khazanah Nasional Berhad; and former Executive Vice President and Head of Designated Markets & Health Asia, MetLife Asia Pacific Ltd
Tan Sri Dato' Seri Dr Sulaiman Mahbob
Chairman, Telekom Malaysia Berhad
Vivek Wadhwa
Distinguished Fellow and Adjunct Professor, Carnegie Mellon University
Chairperson:
Dato' Charon Mokhzani
Executive Director, Khazanah Nasional Berhad; and Managing Director, Khazanah Research Institute
Dr Emiliana Simon-Thomas
Neuroscientist; and Science Director, Greater Good Science Center, University of California, Berkeley
Hashim Shawa
Chairman, Bank of Palestine Group
Dato’ Paduka Iqbal Khan
CEO, Fajr Capital
Dato' Dr Nirmala Menon
Board Member, Khazanah Nasional Berhad; and former Executive Vice President and Head of Designated Markets & Health Asia, MetLife Asia Pacific Ltd
Tan Sri Dato' Seri Dr Sulaiman Mahbob
Chairman, Telekom Malaysia Berhad
Vivek Wadhwa
Distinguished Fellow and Adjunct Professor, Carnegie Mellon University
Dato' Charon Mokhzani
Executive Director, Khazanah Nasional Berhad; and Managing Director, Khazanah Research Institute
5:35pm - 6:00pm
Break
6:10pm - 6:20pm
Book Launches
6:20pm - 6:30pm
Launch of Khazanah Nasional Entrepreneurship Outreach
6:30pm - 7:00pm
Closing Address
YB Datuk Seri Johari Abdul Ghani
Minister of Finance II, Malaysia; and Board Member, Khazanah Nasional Berhad
YB Datuk Seri Johari Abdul Ghani
Minister of Finance II, Malaysia; and Board Member, Khazanah Nasional Berhad
7:00pm
End of Day Two
Photo Gallery
