KMF2018
On Balance:
Recalibrating Markets, Firms, Society and People
8 & 9 October 2018
On Balance:
Concept Paper
While governments have rolled out some of the largest social spending programmes ever seen, the pandemic’s aftermath, technological change and the green transition risk further eroding skills, jobs and social cohesion. What new policies and business actions are needed to create social mobility, good jobs and an equitable society for all?
Concept Paper Programme
8.00am - 9.00am
Registration
9:00am - 9:05am
Welcome Remarks and Introduction To KMF2018
Datuk Shahril Ridza Ridzuan
Managing Director, Khazanah Nasional Berhad
Datuk Shahril Ridza Ridzuan
Managing Director, Khazanah Nasional Berhad
9:05am - 9:30am
Opening Address
YB Dato' Seri Mohamed Azmin Ali
Minister of Economic Affairs Malaysia; and Board Member, Khazanah Nasional Berhad
YB Dato' Seri Mohamed Azmin Ali
Minister of Economic Affairs Malaysia; and Board Member, Khazanah Nasional Berhad
9:35am - 10:20am
Special Address: 'Striving for Balance in Economics, Politics, and Society'
Prof Joseph E. Stiglitz
Nobel Laureate; and University Professor, Columbia University
Introducer:
Tengku Dato’ Sri Azmil Zahruddin
Deputy Managing Director and Head of Investments, Khazanah Nasional Berhad
Prof Joseph E. Stiglitz
Nobel Laureate; and University Professor, Columbia University
Tengku Dato’ Sri Azmil Zahruddin
Deputy Managing Director and Head of Investments, Khazanah Nasional Berhad
10:20am - 10:35am
Break
10:45am - 11:55am
Core Session 1: Macro and Markets
EM: Escaping the Lost Decade
Stephen Hagger
Managing Director and Head of Equities, Credit Suisse Malaysia
Nurhisham Hussein
Head of Economics and Capital Markets, Employees Provident Fund (EPF)
Xingdong Chen
Chief China Economist, BNP Paribas
Dr Yilmaz Akyuz
Former Chief Economist, South Centre; and former Director and Chief Economist, United Nations Conference on Trade and Development (UNCTAD)
Chairperson:
Mohamed Ridzuan Mohamed
Director, Khazanah Research & Investment Strategy, Khazanah Nasional Berhad
Stephen Hagger
Managing Director and Head of Equities, Credit Suisse Malaysia
Nurhisham Hussein
Head of Economics and Capital Markets, Employees Provident Fund (EPF)
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.
Xingdong Chen
Chief China Economist, BNP Paribas
Dr Yilmaz Akyuz
Former Chief Economist, South Centre; and former Director and Chief Economist, United Nations Conference on Trade and Development (UNCTAD)
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: 'Economic Diversification and Economic Development'
Dr Ha-Joon Chang
Director of the Centre of Development Studies, University of Cambridge
Introducer:
Bryan Lim
Executive Director, Khazanah Nasional Consulting (Beijing) Company Limited
Dr Ha-Joon Chang
Director of the Centre of Development Studies, University of Cambridge
Ha-Joon Chang teaches economics at SOAS University of London. In addition to numerous journal articles and book chapters, he has published 16 authored books (five co-authored) and 11 edited books. His main books include The Political Economy of Industrial Policy, Kicking Away the Ladder, Bad Samaritans, 23 Things They Don’t Tell You About Capitalism, and Economics: The User’s Guide. His new book, Edible Economics – A Hungry Economist Explains the World is to be published in October 2022. His writings have been translated and published in 44 languages and 46 countries. Worldwide, his books have sold over 2 million copies. He is the winner of the 2003 Gunnar Myrdal Prize and the 2005 Wassily Leontief Prize.
Bryan Lim
Executive Director, Khazanah Nasional Consulting (Beijing) Company Limited
Bryan Lim joined Khazanah in December 2005. He was a key member of the team that set up Khazanah’s first foreign office in Beijing in 2008 and was subsequently appointed Head of China in 2017. After serving for 13 years overseas, he returned to Malaysia in 2021 to assume his current role. Prior to Khazanah, he was with Ernst & Young, Rating Agency Malaysia Bhd (RAM) and ECM Libra Securities Sdn Bhd. He holds a Master’s in Business Administration from the MIT Sloan Fellows programme at the Massachusetts Institute of Technology, United States and a Bachelor of Commerce and Management degree from Lincoln University, New Zealand. He is also a Chartered Financial Analyst (CFA) charterholder.
12:55pm - 2:10pm
Luncheon Address
YB Lim Guan Eng
Minister of Finance Malaysia
Introducer:
Faridah Bakar Ali
Chief Financial Officer, Khazanah Nasional Berhad
YB Lim Guan Eng
Minister of Finance Malaysia
Faridah Bakar Ali
Chief Financial Officer, Khazanah Nasional Berhad
Faridah Bakar Ali joined Khazanah in May 2006 after building a career in accountancy and finance with PricewaterhouseCoopers Malaysia and BP Malaysia.
In Khazanah, Faridah delivered several notable Islamic Finance transactions including the world’s first exchangeable sukuk and the inaugural retail offering of Sukuk Ihsan, Khazanah’s sustainable and responsible investment sukuk.
Faridah graduated from Lancaster University in Accounting & Finance. She is a member of the Malaysian Institute of Accountants (MIA) and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).
2:20pm - 3:30pm
Core Session 2: Firms and Transformation
To Explore and to Exploit: Trials and Tribulations in an Era of Rapid Disruption
Dale Cottrell
Regional Managing Partner, Bain & Company Asia Pacific
Jessica Tan
Deputy Group CEO, Ping An Insurance (Group) Company of China Ltd
Dr Tan See Leng
CEO and Managing Director, IHH Healthcare Berhad
Scott Kalb
Chairman, Sovereign Investor Institute, Institutional Investor
Chairperson:
Ahmad Zulqarnain Onn
Deputy Managing Director, Khazanah Nasional Berhad
Dale Cottrell
Regional Managing Partner, Bain & Company Asia Pacific
Jessica Tan
Deputy Group CEO, Ping An Insurance (Group) Company of China Ltd
Dr Tan See Leng
CEO and Managing Director, IHH Healthcare Berhad
Scott Kalb
Chairman, Sovereign Investor Institute, Institutional Investor
Ahmad Zulqarnain Onn
Deputy Managing Director, Khazanah Nasional Berhad
3:35pm - 4:50pm
Special Session: 'Active vs Passive - The Paradox of Long Term Capital'
Dominic Barton
Senior Partner and former Global Managing Partner, McKinsey and Company
Mark Wiseman
Global Head of Active Equities, BlackRock; and Chairman, BlackRock Alternative Investors
Moderator:
Hisham Hamdan
Executive Director, Investments and Head of Khazanah Research & Investment Strategy, Khazanah Nasional Berhad
Dominic Barton
Senior Partner and former Global Managing Partner, McKinsey and Company
Mark Wiseman
Global Head of Active Equities, BlackRock; and Chairman, BlackRock Alternative Investors
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.
4:50pm - 5:05pm
Break
5:15pm - 6:15pm
Special Session: Social Movement
A New Balance of Power? When Institutions Meet Movements
Anya Schiffrin
Director of the Technology, Media, and Communications specialization, School of International and Public Affairs, Columbia University
Dain Said
Writer and filmmaker
Hashim Shawa
Chairman, Bank of Palestine Group
Prof Nigel Osborne
Music composer, social activist, and Professor Emeritus, Edinburgh College of Art, The University of Edinburgh
Chairperson:
Charles Leadbeater
Author and independent strategic advisor
Anya Schiffrin
Director of the Technology, Media, and Communications specialization, School of International and Public Affairs, Columbia University
Dain Said
Writer and filmmaker
Hashim Shawa
Chairman, Bank of Palestine Group
Prof Nigel Osborne
Music composer, social activist, and Professor Emeritus, Edinburgh College of Art, The University of Edinburgh
Charles Leadbeater
Author and independent strategic advisor
6:15pm
End Of Day One
9:05am - 9:50am
Special Address: 'Solving Global Challenges Using Finance Science - Past and Future'
Prof Robert C. Merton
Nobel Laureate; School of Management Distinguished Professor of Finance, MIT Sloan School of Management; Resident Scientist, Dimensional Holdings Inc
Introducer:
Amran Hafiz Affifudin
Executive Director, Investments, Khazanah Nasional Berhad
Prof Robert C. Merton
Nobel Laureate; School of Management Distinguished Professor of Finance, MIT Sloan School of Management; Resident Scientist, Dimensional Holdings Inc
Amran Hafiz Affifudin
Executive Director, Investments, Khazanah Nasional Berhad
Datuk Amran Hafiz Affifudin joined Khazanah in June 2011. He started his career with PETRONAS in corporate finance and treasury functions. Amran also has experience in the private equity industry, where he served in various roles and responsibilities with several firms. He holds a B.Sc. in Commerce, majoring in Accounting and Finance from the McIntire School of Commerce at the University of Virginia, United States.
9:55am - 11:05am
Core Session 3: Growth and Development
Is industrial policy still relevant? Development in an age of finance, inequality, automation, trade conflicts and WEF’s IR4.0
Prof Jayati Ghosh
Professor of Economics, Jawaharlal Nehru University
Dr Nungsari Ahmad Radhi
Executive Chairman, Malaysian Aviation Commission (MAVCOM)
Prof Ravi Kanbur
T.H. Lee Professor of World Affairs, International Professor of Applied Economics, and Professor of Economics, Cornell University
Chairperson:
Prof Jomo Kwame Sundaram
Visiting Senior Fellow, Khazanah Research Institute
Prof Jayati Ghosh
Professor of Economics, Jawaharlal Nehru University
Dr Nungsari Ahmad Radhi
Executive Chairman, Malaysian Aviation Commission (MAVCOM)
Prof Ravi Kanbur
T.H. Lee Professor of World Affairs, International Professor of Applied Economics, and Professor of Economics, Cornell University
Prof Jomo Kwame Sundaram
Visiting Senior Fellow, Khazanah Research Institute
11:05am - 11:30am
Break
11:40am - 12:30pm
Special Session:
'The Story of GEMS Education: Finding the right balance to create enduring value and impact'
Dino Varkey
CEO, GEMS Education
Moderator:
Dato' Paduka Iqbal Khan
CEO, Fajr Capital
Dino Varkey
CEO, GEMS Education
Dato' Paduka Iqbal Khan
CEO, Fajr Capital
12:30pm - 1:45pm
Networking Lunch
1:55pm - 2:40pm
Special Session: 'Long Term or Short Term? A CEO's Experience on Investments and Leadership'
Martin Gilbert
Chief Executive, Aberdeen Standard Investments
Moderator:
Dato' Mohamed Nasri Sallehuddin
Executive Director, Corporate & Support Services, Company Secretary and Head of Legal, Khazanah Nasional Berhad
Martin Gilbert
Chief Executive, Aberdeen Standard Investments
Dato' Mohamed Nasri Sallehuddin
Executive Director, Corporate & Support Services, Company Secretary and Head of Legal, Khazanah Nasional Berhad
2:45pm - 3:30pm
Special Address: 'What makes movies real - a storyteller’s non-fiction account of making fictional stories'
Ronnie del Carmen
Animation director, writer, story artist, story supervisor and production designer
Introducer:
Shahril Ibrahim
Director, Khazanah Americas Incorporated
Ronnie del Carmen
Animation director, writer, story artist, story supervisor and production designer
Shahril Ibrahim
Director, Khazanah Americas Incorporated
3:35pm - 4:45pm
Core Session 4: People and Leadership
Talk with Crowds, Walk with Kings: Leading and Following in an Out-of-Balance World
Armin Effendi
Country Chairman, Korn Ferry Malaysia
Frank Gardner
Security Correspondent, BBC
Imam Yahya Hendi
Director of Muslim Life, Georgetown University; and President, Clergy Beyond Borders
Nadiah Wan
CEO, Thomson Hospital Kota Damansara; and Group Chief Corporate Officer, TMC Life Sciences Berhad
Chairperson:
Jiv Sammanthan
Executive Director and Head of Managing Director's Office, Khazanah Nasional Berhad
Armin Effendi
Country Chairman, Korn Ferry Malaysia
Frank Gardner
Security Correspondent, BBC
Imam Yahya Hendi
Director of Muslim Life, Georgetown University; and President, Clergy Beyond Borders
Nadiah Wan
CEO, Thomson Hospital Kota Damansara; and Group Chief Corporate Officer, TMC Life Sciences Berhad
Jiv Sammanthan
Executive Director and Head of Managing Director's Office, Khazanah Nasional Berhad
4:45pm - 5:00pm
Break
5:10pm - 5:45pm
Closing Address
YAB Tun Dr Mahathir Mohamad
Prime Minister of Malaysia; and Chairman, Khazanah Nasional Berhad
YAB Tun Dr Mahathir Mohamad
Prime Minister of Malaysia; and Chairman, Khazanah Nasional Berhad
5:45pm
End Of Day Two
Photo Gallery
