Gael Kasem, Chenavari Investment Managers (Luxembourg)

Gael Kasem

Gael is the Risk Manager of Chenavari Investment Managers [Luxembourg]; he works in close collaboration with the Investment Advisor Risk Management team to develop and maintain advanced risk processes and monitoring tools. Prior to joining Chenavari in 2015 as a Risk Analyst, Gael worked a few years - mainly in the Risk Management field - in Private Banking (KBL, Luxembourg) and in the Investment Management industry (Northern Trust Corp, Luxembourg). He is a business graduate holding a Master’s in Finance from Cass Business School (London, United Kingdom) and a Master’s in Economics from Solvay Business School (Brussels, Belgium).

Agenda

agenda
09.50 - 10.45

Volatile markets and the emergence of risks in the digital age

  • Setting the scene with examples in a “tour de table”
  • Forward-looking risk management: options and tools
  • The impact of new technology on investing: digital investing and AI
  • Using stress testing to enhance risk trend assessments
  • Portfolio risk
  • Dealing with political uncertainty
11.15 - 12.05

What drives risk management in other sectors of finance?

How are approaches to risk similar to, or different from those in asset management?

  • Approaches to risk management and governance and risk management scope
  • Hot topics in other sectors of finance
  • Risk management trends outside of Europe
  • Cultural understandings of risk
  • Enterprise risk management vs financial risk management
13.30 - 14.15

Breakout Session I: “Managing portfolio risks in times of market volatility” (session repeated at 14.15 - 15.00)

  • Managing the liquidity problem (Liquidity management in volatile times; Money Market Funds – Liquidity stress tests after the MMFR)
  • Stress testing to support management of portfolio risks
  • Risks during the end of the economic cycle (from bull to bear)
  • Qualitative risk management (i.e., impacts from political/legal/regulatory risks on the portfolio)
13.30 - 14.15

Workshop II: Changing requirements for risk management professionals in Luxembourg? (session repeated at 14.15 - 15.00)

The impact of CSSF Circular 18/698 and other developments in asset management

  • The Luxembourg risk manager – generalist, expert or limit controller?
  • Does CSSF Circular 18/698 bring more responsibilities for risk managers/conducting officers for risk management?
  • New technologies – new types of risk?
  • Recruiting risk managers and other HR considerations
13.30 - 14.15

Workshop III: Real assets: managing risks for loan and infrastructure debt funds (session repeated at 14.15 - 15.00)

  • The role of the risk manager in the investment process
  • Case studies on escalating risks
  • Life cycle considerations
  • Managing illiquid asset classes
  • Gael Kasem

    Gael Kasem Risk Conducting Officer Chenavari Investment Managers (Luxembourg)

15.30 - 16.15

Regulatory developments

  • The European regulatory framework and the Luxembourg regulator: overview and outlook
  • ESMA consultation on sustainability
  • Liquidity and leverage
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