The 50 trillion dollar question
Closing the emerging markets’ capital gap
Overview
The registration for The 50 trillion dollar question: Closing the Emerging Markets’ Capital Gap was run on November 25th, its on-demand content is now available below.
The goal of ESG impact alongside financial returns is becoming the new default for investors. Today, the UN’s Principles for Responsible Investing represents more assets than it ever has. The flurry of social-bond issuing this year, far above 2019 levels, to underpin the covid-19 economic recovery, is also testament to this upward trend. The implications should be heralded across the board. Sustainable finance will underpin the world’s ability to meet the 2030 Agenda and the Paris Agreement. It is also key to international development, as emerging markets race against time to transition to low-carbon and climate resilient economies. For now though, sustainable investments tend to be skewed to the West. The irony is that if impact is the bottom line, then emerging markets – where the impact of every dollar is disproportionately greater – should be top of mind. There is a growing imperative to transfer a portion of the estimated 50 trillion dollars under asset management into sustainable projects in emerging markets, if we are to make an impact on decarbonising.
Agenda
-
9:00 AM - 10:00 AM EST
The 50 trillion dollar question
Key questions include:
- What will it take for investors to move capital where it is most needed?
- How can emerging economies develop their capital markets to improve their competitive advantage?
- What are notable areas of opportunity?
- How can they partner with international organizations to minimize risk and scale and tailor best practices?
- Will uncertainty shorten investor time horizons and sabotage the mandate to “build back better”?
- What will the impact of the US election and other geopolitical upheaval be on emerging markets?
- What new challenges does the covid-19 era bring?
Daniel Hanna
Global head of sustainable finance, Standard Chartered
Daniel is the Global Head of Sustainable Finance for Standard Chartered Bank. Daniel has two decades of banking experience in emerging markets, with a particular focus on Africa, Asia, and the Middle East, providing advice to governments, state owned enterprises, development finance institutions on their credit ratings, raising equity and debt, restructuring their business
activities and investing in emerging markets.Daniel has helped emerging and frontier market sovereigns raise billions of dollars for infrastructure and social development. He, and his team, have led several innovative financing transactions, particularly in the use of “blended finance” and working with development finance institutions to mobilize more than USD 5bn in commercial capital towards the Sustainable Development Goals in developing countries. This included the creation of the USD 50m Post Ebola Reconstruction Facility for Sierra Leone, the World’s first Sovereign Blue Bond for the Republic of Seychelles, and the first World Bank IDA sovereign bond for the Republic of Ghana. Daniel and his team have also supported more than 2.5 million of the most vulnerable households through microfinance.
Daniel’s responsibilities include Standard Chartered’s Environmental and Social Risk Management team. As part of its commitment to Sustainable Finance, Standard Chartered Bank recently took the decision to stop financing all new coal-fired power plants and to measure, manage and ultimately reduce the aggregate CO2 emissions from its financing activities. Daniel is a member of the steering group of the Sustainable Development Investment Partnership and of the City of London Sustainable Development Capital Initiative. Daniel established and ran the UK India CEO Forum for the chairs, Peter Sands and Ratan Tata, under the sponsorship of Prime Ministers David Cameron and Manmohan Singh.
Daniel was also a member of the UK China Emerging Leaders Roundtable. Daniel has also previously worked as a visiting Fellow for Chatham House and for the President of the European Parliament. He has a Masters in Business Administration (Distinction) from London Business School, a Certificate d’Etudes European from Science Po Strasbourg and a BA in economics and politics from Exeter University.
Andrew Howard
Global head of sustainable investment, Schroders
Andrew is the Global Head of Sustainable Investment at Schroders. In that role, he is responsible for thought leadership and ESG integration at Schroders, with oversight of ESG analysts and our engagement process. Companies face growing social and environmental pressures, and their ability to adapt will determine their future success. We are developing the tools to help our analysts, fund managers and clients prepare for those challenges.
Andrew has maintained a focus on climate change for over a decade. In recent years, the team at Schroders has launched a combination of models examining the investment risks and opportunities that will be created by a low carbon transition. Their Climate Progress Dashboard tracks the pace of that transition and highlights the need for more urgent action.
Nasser Saidi
President, Nasser Saidi & Associates; Chairman of the regional Clean Energy Business Council, MENA
Nasser Saidi
President, Nasser Saidi & Associates; Chairman of the regional Clean Energy Business Council, MENA
Nasser Saidi is the president of Nasser Saidi & Associates, a niche consultant and advisor to the banking and financial sector, governments, central banks, regulators, multinational organisations and regional companies. He is also the chairman of the Clean Energy Business Council MENA and a member of the International Monetary Fund’s regional advisory group for the Middle East and North Africa.
Mr Saidi is the former chief economist and strategist of the Dubai International Financial Centre. He served as the minister of economy and trade and minister of industry of Lebanon and first vice-governor of the Central Bank of Lebanon for two mandates. He is the founder and former chief executive of the Hawkamah Institute for Corporate Governance and the Mudara Institute of Directors. He holds a master’s degree and PhD in economics from the University of Rochester, New York.
Karin Finkelston
Vice-president of partnerships, communication and outreach, International Finance Corporation
Karin Finkelston
Vice-president of partnerships, communication and outreach, International Finance Corporation
Ms. Karin Finkelston is IFC’s Vice President of Partnerships, Communication, and Outreach, and a member of IFC’s Management Team. She leads IFC’s efforts to build strategic relationships with stakeholders, multilateral organizations, development institutions, civil society, foundations, and other key development partners to create markets and mobilize private sector investments in emerging markets. She leads IFC’s teams in Western Europe and Tokyo and oversees IFC’s corporate communications and global engagement.
Prior to taking up this position in July 2017, Ms. Finkelston held a series of leadership positions at the World Bank Group, including IFC Vice President for Asia and Pacific and Vice President & Chief Operating Officer of Multilateral Investment Guarantee Agency (MIGA). Ms. Finkelston spent most of her career leading IFC’s investment and advisory business in Asia. Prior to being named IFC’s first Vice President for Asia and Pacific, she was Director for East Asia and Pacific, and Country Manager for China and Mongolia. She grew IFC’s China business — investing with local entrepreneurs and banks — and led IFC’s expansion in Asia's frontier countries.
Before joining IFC, Ms. Finkelston was Vice President at Manufacturers Hanover Trust Company in Hong Kong after starting her career in New York. As a manager at Barents Group, she led a team in Hanoi, advising and implementing Vietnam's first privatization transactions.
Ms. Finkelston has an MBA from Harvard Business School and an undergraduate degree from Dartmouth College.
Thomas Fekete
Head of sustainable investment solutions for EMEA and APAC, Blackrock
Thomas Fekete is Head of Sustainable Investment Solutions for EMEA and APAC
At BlackRock, the Sustainable Investing team is focused on identifying drivers of long-term return associated with environmental, social and governance issues, integrating them throughout Blackrock's investment processes, and creating solutions for our clients to achieve sustainable investment returns.
Thomas joined BlackRock in 2013 and led the Global Product team for iShares and the Product, Solutions and Strategy business for the EMEA Retail market.
Before joining Blackrock, Thomas spent ten years as Head of Investment Products in private banking at Barclays Wealth and UBS Wealth Management. He started his career in finance in 2001 at Morgan Stanley designing and distributing derivatives-based risk management solutions.
During the first ten years of his career, Thomas worked in the European telecommunications and aerospace industry where he held a variety of research and development, management and strategy roles at Airbus.
Thomas graduated with an MBA from Harvard Business School, a Masters in Aeronautics and Astronautics from the Massachusetts Institute of Technology and an engineering degree from Ecole Nationale Superieure de l'Aeronautique et de l'Espace, Toulouse, France.
Moderated by
Alice Fulwood
US Finance Correspondent, The Economist
Alice Fulwood is The Economist's US Finance Correspondent, covering a range of topics about banking and the financial system in the US. She is based in New York. Before that Alice was a Business Correspondent, based in London, covering the pharmaceutical industry. Prior to joining The Economist Alice worked for UBS, a Swiss investment bank. During her tenure Alice was based in Singapore as an Economist covering Indonesia, the Philippines, Malaysia, Singapore, Thailand and Vietnam. She also worked as a foreign exchange spot and derivatives sales trader in London. Alice graduated from the University of Cambridge, where she studied Economics.
Sponsors
Supported by
Standard Chartered
Standard Chartered is a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.
Enquiry
Customer services
[email protected]
T: +852 2585 3322
Sponsorship Opportunities
Please submit the form and we will reach out to you with more information.
By submitting this form we will send you updates associated with this event.
Speaking opportunities
Please submit the form and we will reach out to you with more information.
Download Brochure
By submitting this form we will send you updates associated with this event.
Attending Request
By submitting this form we will send you updates associated with this event.
Media partnership and press Request
By submitting this form we will send you updates associated with this event.