Speakers 2020

Speakers 2020


Jean-François Rigaudy became Deputy Head of Banking and Head of Treasury in July 2013.

He joined the BIS in 1988 as a Portfolio Manager and, after holding various positions in Treasury and Asset Management, was appointed Head of Treasury in 1999.

Mr. Rigaudy retired from the BIS on 1 September 2020.

Before joining the BIS, he worked at the Bank of France, first in banking supervision and then in the foreign exchange and reserve management area.

Mr Rigaudy holds degrees in private law and history and a diploma from the Institut d'Études Politiques in Paris, where he also lectured in economics from 1984 to 1988.

Jean-François Rigaudy

Former deputy head of the banking department


Jean-François Rigaudy

Former deputy head of the banking department


Jean-François Rigaudy became Deputy Head of Banking and Head of Treasury in July 2013.

He joined the BIS in 1988 as a Portfolio Manager and, after holding various positions in Treasury and Asset Management, was appointed Head of Treasury in 1999.

Mr. Rigaudy retired from the BIS on 1 September 2020.

Before joining the BIS, he worked at the Bank of France, first in banking supervision and then in the foreign exchange and reserve management area.

Mr Rigaudy holds degrees in private law and history and a diploma from the Institut d'Études Politiques in Paris, where he also lectured in economics from 1984 to 1988.

Elie Lewi

Head of markets directorate

Banque de France

Elie Lewi have started in 2002 his central banker career when joining the Banque de France investment division, in charge during 5 years of managing foreign exchange reserves for Banque de France, the ECB and another Eurozone National central Bank from New York.

After working a few years for the French Market Authority (AMF) as an inspector, he was in charge, when coming back to Banque de France’s dealing room, to develop and promote investment services for foreign central banks and institutions.
Since 2013, he has supervised the department in charge of financial markets analysis as well as the implementation of Asset Purchase Programs (QE) in Banque de France. A full team was dedicated to implement APP purchases, private assets (ABS, covered bonds and corporate bonds) as well as public (sovereign, agencies, supranational, regionals) and to analyze these various market segments.

Since February 2020, he's Head of Banque de France's Markets Directorate, supervising front office as well as post-trade activities for Banque de France's own financial activities and services provided to international institutions.

Morten Kjærgaard

Departmental head, reserve management and collateral, banking and markets

National Bank of Denmark

Morten Kjærgaard is Head of Reserve Management and Collateral at Danmarks Nationalbank. The reserve amounts to EUR 63 billion and serves to support the fixed exchange rate policy and financial stability. Responsibilities also include managing the domestic bond portfolio and collateral pledged in relation to monetary policy lending. Prior to his current position Morten has worked in various areas including monetary policy implementation, government debt management and international relations.

Jan Schmidt

Executive director, risk management

Czech National Bank

Jan Schmidt serves as the Executive Director of Czech National Bank, Risk Management and Transaction Support Department. In his role, he is primarily responsible for setting of the Bank strategic asset allocation and defining the risk profile of the Bank. That includes currency composition of reserve, asset classes, duration, credit and liquidity benchmarking and guidelines. Compliance with applicable regulation on foreign markets is part of his responsibilities. Apart from this, his department contains back office and middle office functions, SWIFT operation and is managing a portfolio of correspondent banking and custody service providers. From 1 January 2019 he is also in charge of operating the central Czech koruna interbank clearing system and operating one of two central securities depositories in Czech Republic.  

Jan Schmidt graduated from Faculty of Nuclear Sciences and Physical Engineering of the Czech Technical University in Prague in 1989. He holds MBA from London International Graduate School (US).

Cleopatra Davis

Head of banking

Central Bank of The Bahamas

Cleopatra Davis serves as Head of Banking, Central Bank of The Bahamas. In this role, she has oversight of payments operations, foreign and domestic debt markets activities, and eSolutions.

Cleopatra serves as co-chair, for a dynamic payments modernization – digital fiat currency – strategic initiative undertaken by the Bank. She also serves on other of the Bank’s committees including the Investment Committee and Monetary Policy Committee.
She is also a member of the Alliance for Financial Inclusion (AFI), Digital Financial Services (DFS) Working Group, and a member of the DFS Gender Diversity sub-committee.

She is a Chartered Banker MBA (MCBIS), Certified Internal Auditor (CIA), Certified Financial Services Auditor (CFSA), Certification in Risk Management Assurance (CRMA) and a Certified Information Systems Auditor (CISA). She is a member of the Chartered Bankers Institute in Scotland, ISACA, and past president of The Institute of Internal Auditors (IIA) Bahamas Chapter.

Omar Zulaica

Senior asset management specialist

Bank for International Settlements

Omar joined the BIS in 2017. He provides expert advise to central banks in their reserve management activities and supports the BIS in its asset and liability management capacities. He places special focus on the application of quantitative tools for strategic asset allocation.

Before joining the BIS, he worked for over six years at the Bank of Mexico, where he was Head of Strategic Asset Allocation in the directorate of foreign reserves. He was also part time professor at Instituto Tecnológico Autónomo de México (ITAM) on the topics of asset pricing, factor investing and portfolio construction. He's earned a BSc in Actuarial Science from ITAM and an MSc in Financial Economics from the University of Oxford.

Grahame Johnson

Managing director, financial markets department (FMD)

Bank of Canada

Grahame Johnson was appointed Managing Director, Financial Markets Department (FMD), effective November 5, 2019. In this capacity, he is responsible for policy formulation and execution of the Bank of Canada’s financial market activities as they relate to monetary policy implementation, the Bank’s funds management activities and financial system liquidity. These activities—along with a range of research, analysis and policy advice related to domestic and international financial markets—contribute to the Bank’s monetary policy mandate, its fiscal agent role and its role in the promotion of financial system stability and efficiency.

Mr. Johnson joined the Bank in 2001 and has held positions as Assistant Director, Financial Risk Office; and Director and then Deputy Chief, Financial Markets Department. In 2013 he became Managing Director, Funds Management and Banking Department, and served most recently as Managing Director, Financial Stability Department. Mr. Johnson has extensive knowledge of markets, the financial system, and monetary and funds management policies. Before joining the Bank, he worked on the fixed-income trading desk of a major Canadian financial institution.

Mr. Johnson is a native of Montréal, Quebec. He has a degree in commerce from Queen’s University and holds a Chartered Financial Analyst designation.

Giorgi Laliashvili

Departmental head, financial markets

National Bank of Georgia

Jacek Prochniak

Analyst - financial risk management department

National Bank of Poland

Jacek Próchniak is an Expert at Risk Monitoring Division in Financial Risk Management Department at Narodowy Bank Polski. Having graduated from the Warsaw School of Economics in 2011 with a degree in Macroeconomics Jacek went on to join the NBP as an analyst. He has been responsible for economic analyses supporting strategic asset allocation as well as developing a performance attribution framework and other quantitative work related to risk management of FX reserves at the NBP.

Dirk Broeders

Senior risk manager – financial markets division

The Netherlands Bank

Anna Hyrkse

Principal responsible investment specialist

Bank of Finland

Isabela R. Damaso Maia

Head of department, corporate risk and benchmarks

Central Bank of Brazil

Isabela joined Banco Central do Brasil in 1995 at the foreign reserves’s front office. In 1997, created the first risk area at BCB and was responsible for the design and implementation of the international reserves risk framework that is in place since 2000. In 2006, still focused on financial risks, her role expanded to cover the central bank balance sheet. Since 2011, as head of corporate risk department, she leads an enterprise wide risk model implementation, providing risk data for decision making.  Some technical articles in risk management and foreign reserves management were published along this time in books and journals. She holds a BA in statistics and has a MBA in finance.

Alexander Brause

Head of fixed income trading

Swiss National Bank

Alexander Brause is Head of Fixed Income Trading at Swiss National Bank (SNB). Besides overseeing daily operations in government/SSA/corporate bonds, interest rate and credit derivatives as well as repo transactions, he is focusing on enhancing the trading value chain by building out proprietary analysis and trading systems. Alex joined the SNB in 2011, starting in the foreign exchange division where he was dealing with market microstructure topics and the implementation of monetary policy in the foreign exchange markets. After spending two years in SNB’s Singapore branch, he joined the asset management division in 2015 as a portfolio manager for USD IG credit. He took over his current role in April 2018. Alex holds a PhD in economics from Julius-Maximilians-University Würzburg (Germany) and focuses on quantitative finance/Data Science topics.

Tessa Kuijl

Senior lead consultant

Ortec Finance

Tessa joined Ortec Finance in 2008. She gained broad experience as a senior expert in the field of ALM and strategic investment and (climate) risk management for institutional investors. This entails advising large (corporate) pension plans, insurance companies and sovereign wealth funds around the globe. Ranging from quantitative strategic investment analysis, measuring the impact of climate change on economic and financial risk factors and construction of risk management frameworks. Tessa currently oversees Ortec Finance activities for institutional investors in the Nordics.

Tessa holds a Master’s Degree in Finance and a postgraduate CEFA (Certified European Financial Analyst) qualification, both from the VU University of Amsterdam.

Arnab Das

Global market strategist & global thought leadership member


Arnab Das is Global Market Strategist in the EMEA region, based in London, and a member of Invesco’s Global Thought Leadership team. He helps develop and communicate analysis and insight on the global economy and financial markets across asset classes for clients, media, governments and central banks. He works with Invesco’s investment teams across disciplines and regions and is a member of Invesco’s Global Investor Forum Advisory Council with a focus on global macro and emerging markets. Arnab’s research interests span economic policy, performance and reform; and economic and financial history.

Arnab joined Invesco in 2015 as Head of EM macro research for Invesco Fixed Income. He began his career in finance in 1992, and has served as Co-head of Economic Research & Strategy at Roubini Global Economics; Co-head of Global Economics & Strategy, Head of Global FX Research, and Head of EM Economics & Strategy at Dresdner Kleinwort; and Head of EEMEA Research at JP Morgan. He has also been a private consultant in global and emerging markets, as well as consulting with Trusted Sources, a specialist EM research boutique.

Arnab’s studies were in macroeconomics, economic history and international political economy. He received an AB from Princeton University in 1986 and completed his postgraduate and doctoral work at the London School of Economics in 1987-1992.

Ben Powell

Chief investment strategist APAC

Blackrock Investment Instiute

Ricky Choi

Principal economist

Bank of China Hong Kong Financial Research Institute

Mr Ricky Choi is the Principal Economist of Bank of China Hong Kong Financial Research Institute, with over 15 years of experience in economic and policy research.  Mr Choi has in-depth understanding on Hong Kong, Mainland China, and the US economies.  Mr Choi frequently shares his insights and research results with the local and international media.  Prior to joining Bank of China (Hong Kong), Mr Choi worked in the Financial Secretary’s Office of the Hong Kong SAR Government and a globally financial institution.  He has a Master Degree of Science in Business Economics from the Chinese University of Hong Kong and a Bachelor Degree of Science in Surveying from the University of Hong Kong.  Mr Choi is also a Chartered Financial Analyst. 

Etienne Lavigne

Head, middle office

National Bank of Belgium

Etienne Lavigne is currently head of the Middle Office at the National Bank of Belgium and recently received the responsibilities of Chief Risk Officer in the area of the Securities Settlement System of the Central Bank of Belgium (NBB-SSS). Previously he was also Foreign exchange dealer and portfolio manager in the same institution.

Etienne is also regularly involved in technical assistance and cooperation relationship with various central banks. He has a master in Economics from the University of Namur in Belgium.

Audun Gronn

Special advisor to the governor

Central Bank of Norway

Isabelle Strauss-Kahn

Consultant & member of the advisory board

ISK International & World Gold Council

Isabelle Strauss-Kahn is the former Lead Financial Officer in the Financial Advisory and Banking Department at World Bank Treasury. She has gained more than 15 years’ experience in Market Operations Department, from front to middle and back-office aspects, at the Banque de France where she was Market Operations Director, but also at the BIS Banking Department. She participated in several technical assistance missions with the IMF, the World Bank and on a bilateral basis at the Banque de France.  She was a member of several international committees, has been a speaker in numerous conferences related to investment practices and wrote articles on reserve management. She got an MBA in France and an MA (with PhD core) in Economics from University of Chicago


Christian Oger

Head of sales specialists – market & financing services

BNP Paribas Securities Services

Christian Oger is head of technical sales for securities lending, repo, forex and passive currency overlay. 

Having over 20 years of investment banking experience, he has specialized in equity finance and fixed income repo since 1995. Most recently, he was executive director at UBS AG Prime Brokerage Services in charge of assets sourcing and global relationship management near European institutional investors.

Prior to UBS AG, he was Head of institutional sales at Société Générale in their equity derivatives division. During his 10 years at Société Générale he held several other senior roles in Equity Finance Trading and business development for Delta One Products.

Prior to Société Générale, he held various positions at Banque Paribas SA and JP Morgan.

He has a master degree with a major in corporate finance.


Andrew Geggus

Global head of securities lending trading

BNP Paribas Securities Services

Andrew Geggus joined BNP Paribas as the Global Head of Agency Lending Trading in February 2020, with responsibility for trading desks in Australia, Hong Kong, London and America. Based in London Andrew is part of the Markets and Financing Executive Committee.

Andrew joined from Northern Trust where he was most recently Head of Trading for the Asia Pacific region since 2017, in addition to being on the board of the Pan Asia Securities Lending Association. Prior to this Andrew held multiple trading roles across EMEA and APAC, having joined Northern Trust in 2014.

Previously to joining Northern Trust Andrew was a Quantitative Research Analyst at the Mayfair based hedge fund GSA Capital.

Andrew graduated from Loughborough University with a degree in Business and Management.


Mike Saunders

Head of agency lending Americas

BNP Paribas Securities Services


Michael Saunders is Head of Securities Lending of the Americas at BNP Paribas.  In this capacity, Mr. Saunders is responsible for managing the securities lending business for asset owners and asset managers. He is also responsible for developing the business of custodial lending clients and the bank’s third party lending business. Mr. Saunders is also a member of the securities lending group’s Investment Committee and Product Management Committee.

Mr. Saunders has extensive knowledge of securities financing as well as trading including cash and noncash collateral structures. His professional experience also covers the trading and portfolio management of money market eligible securities as well as commodities, options and financial futures.

He is an active participant in industry working groups and a regular contributor to industry publications.


Prior to joining BNP Paribas in 2013, Mr. Saunders spent two years at ClearLend, a division of Wells Fargo Bank, NA, as a Cash Collateral Portfolio Manager, in which he was responsible for managing client investment portfolios exceeding $18 billion, as well as implementing investment guidelines, identifying opportunities within the market and relaying current dynamics to their client base.

Raivo Vanags

Board member and head of market operations

Bank of Latvia

Raivo Vanags is responsible for foreign reserves management and domestic monetary policy operations; Deputy Head of the Investment Committee. Mr. Vanags has 23 years of investing experience and he has been with Latvijas Banka since 2002. He also represents Latvijas Banka at the European Central Bank's Market Operations Committee. He is the author of several working papers which are included as chapters in the European Central Bank's internal research dossiers and a chapter in the RBS Reserves Management Trends 2013 book (Central Banking Publications) and is a frequent speaker at sovereign reserves management conferences. Prior to Latvijas Banka, he was an equities analyst at Latvijas Zemes Banka, he was running a boutique equities and insurance brokerage house Vertspapiri and worked successfully on setting up a new bank, Regionala Investiciju Banka. Raivo holds a B.Sc. in Business Administration and Economics from the Stockholm School of Economics in Riga, and a M.Sc. in Economics specialising in Finance and Credit from the University of Latvia, and is a CFA charterholder.

Johanna Lasker

Head of Central Banks and Official Institutions

BNP Paribas Asset Management

Johanna Lasker is the Head of Central Banks and Official Institutions for BNP Paribas Asset Management. She is responsible for managing and growing our official institutions business globally, which includes developing business, servicing clients and ensuring we are meeting the needs of this client segment. She originally joined FFTW, a predecessor of BNP Paribas Asset Management, in 1997. She then left the firm in 2000 and rejoined in 2004. She is based in New York.

In addition to working for BNP Paribas Asset Management and FFTW, Johanna worked in the Corporate Finance division at UBS for two years, where she was an Associate Director in the Consumer Products Group in New York. She later transferred to the Global Industrial Group in Japan where she lived for a year.

Johanna has 20 years of investment experience. She earned an MBA in Finance and International Business from New York University, and a BA in East Asian Studies from Stanford University.

Jasper Livingsmith

Director of G7 portfolio management, treasury

European Bank for Reconstruction and Development

Jasper is Director of G7 Portfolio Management within the EBRD Treasury. He oversees the central risk warehouse for all hard currency risks across the Bank’s balance sheet, and is also heavily involved with IBOR transition across various RFR working groups. Jasper joined the EBRD in 2011. Previously he worked as a macro trader, and was a market maker at ABN AMRO.

Isabelle Laurent

Deputy Treasurer & Head of Funding

European Bank for Reconstruction and Development

Isabelle Laurent is the Deputy Treasurer and Head of Funding.  

Isabelle spent 13 years in London and Hong Kong in treasury, fixed income origination, and swaps trading and marketing with Swiss Bank Corporation International, Nomura International and NatWest Markets where she became Director of Debt and Derivatives Marketing in 1996.

She joined EBRD in 1997 as Deputy Head of the Treasury Funding team, and was promoted to Deputy Treasurer and Head of Funding in 2003.  In addition to overseeing EBRD’s issuance in the capital markets, Isabelle also focuses on capital markets’ development in EBRD’s countries of operations.

Isabelle studied Russian and French at Oxford and the Sorbonne.

Manuela Sperandeo

MD, head of factor, sustainable and thematic ETF's for EII


Manuela Sperandeo, Managing Director, is EMEA Head of Factor, Sustainable and Thematic ETFs for EII, responsible for driving the strategy for these product segments across product development, distribution and thought leadership. Prior to that, she was a member of the iShares Product Innovation team where she was responsible for Fixed Income product research. Manuela joined Blackrock in April 2014 from Barclays, where she spent 6 years working across several roles in the Investment Bank and the Wealth and Investment Management divisions. Most recently she was a Director at Barclays Capital Fund Solutions, an asset management business specializing in absolute return and alternative indexation strategies. Prior to that, she was a member of the Product Development team focusing on investment products for Barclays private and retail clients. Prior to Barclays she worked as an investment analyst at Alpstar, a credit hedge fund and as a Structured Derivatives Sales at Credit Suisse. Manuela has been a founding board member of the European chapter of Women in ETFs.
Manuela earned an Economics Degree, with distinction, from Bocconi University in Milan and an MBA from Harvard Business School.

Vivek Paul

Chief investment strategist


Christian Carrillo

Head of Asia-pacific macro research & portfolio manager


Henry Shen

Director, systematic active equity