Following on from the success of this forum over the last four years, NBAD is extremely proud to once again host this prestigious event in the Emirate of Abu Dhabi. The Global Financial Markets Forum brings together key decisions makers and distinguished experts from around the world to discuss the outlook from Economic, Political, and Financial perspectives. The programme includes keynote speeches and interactive panel discussions by global political leaders, acclaimed economists and senior bankers.
This forum, endorsed by the Abu Dhabi Council for Economic Development, has become the largest financial markets event in the region with over 700 delegates having attended in 2012. We have been privileged to have very distinguished speakers and panellists in recent years, including Paul Volker, Former Chairman of the US Federal Reserve and Axel Weber, Chairman of UBS and Former President of the Deutsche Bundesbank, among others. The programme will provide timely updates and commentary on a range of topical issues including:
For the 2013 event, we have a very prolific line up and we encourage you to view further details of the speakers, panellists and agenda on this site. We are confident that the 2013 forum will once again raise the bar with stimulating content and discussion, and we look forward to seeing you there.
Please click on any of the above to see the full bio for the relevant participant.
H.E. Nasser Ahmed Alsowaidi has been appointed as Chairman of National Bank of Abu Dhabi (NBAD) in January 2009.
He is currently Chairman of the Abu Dhabi Department of Economic Development (ADDED) which is a key government department in the Emirate of Abu Dhabi. At the ADDED helm, the Chairman has a leading role in collaboration with other top government officials in developing, restructuring and diversifying the economy of the UAE in general, and Abu Dhabi in particular to attain greater heights.
He is a Member of the Executive Council at the apex of the Abu Dhabi Government. In addition, he is Chairman of the Abu Dhabi Securities Exchange (ADX), a Board Member of Mubadala Development Company (MDC).
Over the last 20 years, he has worked in various leading posts for Abu Dhabi government organizations including Abu Dhabi Investment Authority (ADIA) and Abu Dhabi National Oil Company (ADNOC) and others.
H.E. Nasser Ahmed Alsowaidi holds a degree in Economics from the California State Polytechnic University in the USA.
James A. Baker, III has served in senior government positions under three United States Presidents. He served as the nation's 61st Secretary of State from January 1989 through August 1992 under President George H. W. Bush. During his tenure at the State Department, Mr. Baker traveled to 90 foreign countries as the United States confronted the unprecedented challenges and opportunities of the post–Cold War era. Mr. Baker's reflections on those years of revolution, war and peace—The Politics of Diplomacy—was published in 1995.
Mr. Baker served as the 67th Secretary of the Treasury from 1985 to 1988 under President Ronald Reagan. As Treasury Secretary, he was also Chairman of the President's Economic Policy Council. From 1981 to 1985, he served as White House Chief of Staff to President Reagan. Mr. Baker's record of public service began in 1975 as Under Secretary of Commerce to President Gerald Ford. It concluded with his service as White House Chief of Staff and Senior Counselor to President Bush from August 1992 to January 1993.
Long active in American presidential politics, Mr. Baker led presidential campaigns for Presidents Ford, Reagan and Bush over the course of five consecutive presidential elections from 1976 to 1992.
A native Houstonian, Mr. Baker graduated from Princeton University in 1952. After two years of active duty as a lieutenant in the United States Marine Corps, he entered the University of Texas School of Law at Austin. He received his J.D. with honors in 1957 and practiced law with the Houston firm of Andrews and Kurth from 1957 to 1975.
Mr. Baker's memoir—Work Hard, Study . . . and Keep Out of Politics! Adventures and Lessons from an Unexpected Public Life—was published in October 2006.
Mr. Baker received the Presidential Medal of Freedom in 1991 and has been the recipient of many other awards for distinguished public service, including Princeton University's Woodrow Wilson Award, The American Institute for Public Service's Jefferson Award, Harvard University's John F. Kennedy School of Government Award, The Hans J. Morgenthau Award, The George F. Kennan Award, the Department of the Treasury's Alexander Hamilton Award, the Department of State's Distinguished Service Award, and numerous honorary academic degrees.
Mr. Baker is presently a senior partner in the law firm of Baker Botts. He is Honorary Chairman of the James A. Baker III Institute for Public Policy at Rice University and serves on the board of the Howard Hughes Medical Institute. From 1997 to 2004, Mr. Baker served as the Personal Envoy of United Nations Secretary-General Kofi Annan in seeking a political solution to the conflict over Western Sahara. In 2003, Mr. Baker was appointed Special Presidential Envoy for President George W. Bush on the issue of Iraqi debt. In 2005, he was co-chair, with former President Jimmy Carter, of the Commission on Federal Election Reform. In 2006, Mr. Baker and former U.S. Congressman Lee H. Hamilton served as the co-chairs of the Iraq Study Group, a bipartisan blue-ribbon panel on Iraq. In 2008, Mr. Baker and the late Secretary of State Warren Christopher served as co-chairs of the National War Powers Commission.
Mr. Baker was born in Houston, Texas in 1930. He and his wife, the former Susan Garrett, currently reside in Houston, and have eight children and seventeen grandchildren.
David is one of Ireland's most respected commentators, beginning his career as the youngest economic advisor in the Maastrict Treaty negotiation team, to becoming Ireland's best selling non-fiction author. As Irelands leading economist he is a regular contributor radio and TV on the current economic trends, he currently writes a column for the Sunday Business Post and the Irish Independent and author of the Best Selling book 'The Popes Children' – a unique and brilliant survey of Ireland today. Most recently David has brought economics to the national theatre with his one-man-show "Outsiders" – a unique partnership with the Abbey Theatre.
David was nominated by the World Economic Forum at Davos as one of the young global leaders of 2007. This honour is bestowed each year by the World Economic Forum to recognize and acknowledge the top 250 young leaders from around the world for their professional accomplishments, their commitment to society and their potential to contribute to shaping the future of the world.
David has built a cast iron reputation in Irish finance, economics and politics as being an uncompromising thinker, fiercely independent and unforgivingly analytical in the way he looks at this country.
David has interviewed some of the most influential and thought provoking characters of our age. From Henry Kissinger on America's place in the world to Mikhail Gorbachev on love and loss, Rudi Guilianni on crime and to Hillary Clinton on the "great right wing conspiracy".
David regularly speaks to national and international corporate audiences highlighting the most important economic issues for organisations and accurately forecasting events and their repercussions.
Some of the organisations that have engaged David include: Citywire Publications, Zurich, AXA, KPMG, Gallagher Group, Conatus Capital Management MP, Chamber of Commerce, IPPA, Docklands Authority, DAA, Diageo, Canada Life, Ulster Bank, IPPN, Roche Pharmaceuticals, Intertrade Ireland, Invest NI, Oracle, Hibernian, Irish Wind Energy Association, European Foundation, Cork City Council etc.
At the height of the 2008 financial crisis, Mr. Lawrence McDonald wrote a book on the fall of Lehman Brothers, A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers. In his book, Larry details his experience working as Vice President at Lehman Brothers and provides a behind-the-scenes look on why one of the most prominent investment banks failed. The book is a risk manager's guide to all the right and wrong moves, and explains why investors must stay ahead of policy moves coming out of Washington and Europe. Published in 2009 by Random House, Colossal Failure hit the New York Times Best Seller's list in its first five days on the bookshelves, and is now considered one of the bestselling business books in the world. Colossal Failure is now translated into 12 different languages.
As one of the leading risk managers and bond traders today, Larry is a frequent guest contributor on Bloomberg, CNBC, Fox Business and the Huffington Post.
Larry is a highly regarded political policy risk consultant to hedge funds, family offices, asset managers and high net worth investors. His 17 Lehman risk indicators help investors get in front of painful risk off trades in the global markets.
Larry's skill set is unique. He has taken billion risks on a trading floor, and is a world-class European & Washington policy risk analyzer. At Lehman Brothers, he was consistently one of the most profitable traders at the firm.
Notable is Larry's involvement as special advisor to the Financial Crisis Inquiry Commission (FCIC), created by Congress in 2009 to investigate the causes, domestic and global, of the economic and financial crisis in the United States.
Additionally, Mr. McDonald has participated in three major financial crisis documentaries: Sony Pictures Academy Award winning documentary the Inside Job, BBC's The Love of Money and CBC's House of Cards.
Larry McDonald's Topics:
Legendary insider, thought-provoking and always timely Larry McDonald presents his captivating views on the Financial Crisis and European Sovereign Debt Crisis, spiced with his own risk indicators and risk management lessons sprinkled with humor. McDonald warned in 2006 about the subprime mortgage crisis and the lasting implications on global financial markets when working as Vice President at Lehman Brothers. From 2007-2008, McDonald led his team into betting against the subprime mortgage market profiting the firm over $2 billion before it's demise.
In his speech, Larry details the complexities of Lehman Brothers, why it was allowed to fail, and the aftershocks that have rocked the global economy that continue today. He provides an insightful look into the future of the global economy and assesses the current situation of the European debt crisis. With nearly 25 years of experience working on Wall Street, Larry explains the early market warning signs of the 2008 financial crisis and priceless risk management lessons learned from both Lehman Brothers and MF Global. Larry's speaking topics include Risk Management, MF Global, Lehman Brothers, European Debt Crisis, Repo Markets, Corporate Governance, Sustainability, & Financial Reform. From 2004- 2008, Larry was Vice President of Distressed Debt and Convertible Securities Trading at Lehman Brothers. He ran an extremely successful joint venture between the firm's fixed income and equity division. Larry was considered one of the most profitable traders, leading his team into betting against the subprime mortgage crisis. Larry was an integral part within Lehman Brothers who tried in vain to prevent the firm from collapsing.
"Larry is one of the best traders I ever had the priviledge of working with on Wall Street. His integrity, honesty and insight into equity and debt markets make him a rare breed. Not only was Larry a great person, but he had common sense which is surprisingly uncommon! If Larry McDonald was running Lehman, the firm would still be around today. I strongly recommend his book to anyone who'd like to learn how corporate culture destroyed a 150 year old firm, and how to safeguard against inadequate controls." – Larry McCarthy, Former Global Head of High Yield and Distressed Trading at Lehman Brothers.
Prior to Lehman Brothers
Mr. McDonald was Co-Founder and COO of ConvertBond.com, a website coined byForbes Magazine as "Best of the Web" from 2000-2003 as the World Wide Web's premier source for convertible securities information with news, valuation, terms, and analysis tools for convertible securities. In October 1999, the website was successfully sold to Morgan Stanley where it remains property of the firm.
Larry began his career working as a successful retail financial adviser helping individual investors build wealth, starting with Merrill Lynch in 1990 and then moving to Citigroup's Smith Barney division.
Currently, Mr. McDonald has been focused on consulting, and writing his second book.
Niall Ferguson is Laurence A. Tisch Professor of History at Harvard University. He is also a Senior Fellow at the Hoover Institution, Stanford University, and a Senior Research Fellow at Jesus College, Oxford, and has published twelve books. His most recent book isCivilization: The West and the Rest, also a PBS/Channel 4 documentary series.
His first book, Paper and Iron: Hamburg Business and German Politics in the Era of Inflation 1897-1927, was short-listed for the History Today Book of the Year award, while the collection of essays he edited, Virtual History: Alternatives and Counterfactuals, was a UK bestseller. In 1998 he published to international critical acclaim The Pity of War: Explaining World War One and The World's Banker: The History of the House of Rothschild. The latter won the Wadsworth Prize for Business History and was also short-listed for the Jewish Quarterly/Wingate Literary Award and the American National Jewish Book Award. In 2001, after a year as Houblon-Norman Fellow at the Bank of England, he published The Cash Nexus: Money and Power in the Modern World, 1700-2000.
He is a regular contributor to television and radio on both sides of the Atlantic. A prolific commentator on contemporary politics and economics, Niall is a weekly columnist for Newsweek and a contributing editor for Bloomberg TV.
In 2003 he wrote and presented a six-part history of the British Empire for Channel 4, the UK terrestrial broadcaster. The accompanying book, Empire: The Rise and Demise of the British World Order and the Lessons for Global Power, was a bestseller in both Britain and the United States. The sequel, Colossus: The Rise and Fall of the American Empire, was published in 2004 by Penguin, and prompted Time magazine to name him one of the 100 most influential people in the world. Two years later he published The War of the World: Twentieth-Century Conflict and the Descent of the West, a television adaptation of which was screened by PBS in 2007. The Ascent of Money: A Financial History of the World followed in 2008 and was also a PBS series, winning the International Emmy award for Best Documentary. High Financier: The Lives and Time of Siegmund Warburgappeared in 2010.
An accomplished speaker, Ferguson's presentations are celebrated for their scintillating wit and their analytical clarity.
Eric Chaney is chief economist for the AXA Group since 2008. His mission is to provide a vision on the global economy in the medium to long term, as well as an assessment of the main macroeconomic risks, for the group and its main entities.
Eric has his office at AXA Investment Managers, where he is Head of Research and member of the Executive Committee. Eric is the founder and organiser of AXA IM Economic Symposium, which have featured prominent speakers such as President Jacques de Larosière, Stephen Roach, Prof. Francesco Giavazzi, Prof. Pierre-Olivier Gourinchas, Prof Charles Goodhart, Sushil Wadhwani or Thomas Huertas.
Before joining AXA, Eric was Chief economist for Europe at Morgan Stanley. Eric and his team were ranked #1 by Institutional Investors from 1997 to 2001.
Previously, he headed the economic forecasting unit of the French statistical office (INSEE) and was the principal editor of INSEE's quarterly publication 'Note de Conjonture'. Before that, he was responsible for global economic analysis and forecasts at the French Treasury. He has been associate professor at the French School of Administration (ENA).
Since 1997, Eric has been a member of the French Economic Council of the Nation, which advises the Minister of finances. He is also member of the French Tax Council, of the Advisory Board of CEPII and of the Scientific board of the AXA Research Fund.
Eric graduated from the University Louis Pasteur of Lyons in pure mathematics in 1975. A former professor of Mathematics and editor of a mathematical journal of the University of Strasbourg, Eric also holds a Master's Degree in economics and econometrics from the Paris Graduate School of Economics, Statistics and Finance (ENSAE ParisTech).
Eric lives in Paris, is married and has five children.
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.
Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong.
Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "THE GLOOM BOOM & DOOM" report which highlights unusual investment opportunities, and is the author of several books including "TOMORROW'S GOLD – Asia's Age of Discovery" which was first published in 2002 and highlights future investment opportunities around the world. "TOMORROW'S GOLD" was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
A book on Dr Faber, "RIDING THE MILLENNIAL STORM", by Nury Vittachi, was published in 1998.
A regular speaker at various investment seminars, Dr Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds and is a member of the Board of Directors of numerous companies.
Attorney-at-law, admitted to Zurich and New York Bar
1992 - PhD, Stanford Law school
1988 - Master's degree, Stanford Law school
1983 - Law degree (lic. iur.), University of Zurich
- Member of the Group Executive Board
- Group General Counsel
1998 - 2008
- Swiss Re
- Group Chief Legal Officer
2007 -2008 - Member of the Group Executive Board
1992 - 1998 - Gibson, Dunn & Crutcher in Brussels and Paris
1989 - 1992 - Shearman & Sterling, New York
1988 - 1989 - Paul, Weiss, Rifkind, Wharton & Garrison, New York
1983 - 1984 - Bär & Karrer, Zurich
Chairman of the Legal Committee of the Swiss-American Chamber of Commerce
Member of the Swiss Advisory Council of the American-Swiss Foundation
Member of the UBS Foundation of Economics in Society
Born in 1958, Séverin Cabannes is a graduate of the École Polytechnique and the École Nationale Supérieure des Mines de Paris.
In 1983, he joined Crédit National as a financial analyst. From 1986 to 1997, he held different positions at Elf Atochem, where he was appointed Director of Strategy in 1995.
In 1997, Séverin Cabannes joined La Poste Group as Director of Strategy. In 1998, he was appointed Deputy CEO & CFO of La Poste Group and joined its Executive Committee.
In 2001, he joined Société Générale Group as CFO and member of the Management Committee.
In 2002, he joined Stéria Group as Deputy CEO before being appointed Chief Executive Officer in 2003.
In January 2007, Séverin Cabannes was appointed CAO of Société Générale Group and joined the Executive Committee.
Séverin Cabannes has been Deputy Chief Executive Officer at Societe Generale Group since May 2008.
Jean-Christophe Durand is the CEO of BNP Paribas CIB (Corporate & Investment Banking) for the Middle East & Africa (MEA) Region, based in Bahrain, where he is entrusted with overseeing the Bank’s operations and strengthening its presence and client franchise across the region, managing all employees working for Corporate and Investment Banking and Investment Solutions.
Jean-Christophe joined BNP Paribas in 1996 where he has enjoyed an extensive and rich career. He has not only grown the Bank to its current stature and reputation within the region, but has also strategically driven the Bank to win a wide range of high profile awards within the industry.
Prior to heading the operations in the Middle East & Africa, Jean-Christophe held several senior positions at Banque Indosuez in Bahrain, Kenya, and London.
Jean-Christophe is a member of the Regional Executive Committee and part of the Regional Management team for BNP Paribas MEA.
Jean-Christophe graduated from ESSEC (High School of Economic and Commercial Sciences) in Paris in 1980.