2025 AGENDA

Kay Reinhold works in Group Treasury & Capital Management at Vienna Insurance Group (VIG), where he is responsible for leading the development of the Group’s capital management framework. With almost two decades of experience in insurance risk and treasury functions and a strong background in actuarial and financial mathematics, he focuses on capital allocation, liquidity planning, and its alignment with internal and external requirements. Kay is a certified actuary (DAV) and a member of the German Society for Insurance and Financial Mathematics (DGVFM). He holds a Diplom in Business Mathematics from the University of Ulm and a Master of Science in Mathematics from the University of Wisconsin. Prior to joining VIG in 2010, he worked in management consulting for the insurance sector.

William Arrata is an Asset & Liability Manager at Banque de France’s Financial Directorate. He is in charge of devising optimal investment strategies, in EURO and currencies, for Banque de France non monetary policy investment portfolios. Before that, he worked at the Reserves Management Division, actively managing an AFS portfolio of bonds, money market securities and fixed income derivatives. He also started the Quantitative Easing Programme for Banque de France. He has been teaching for more than 10 years Quantitative Portfolio Management at ESSEC Business school’s Master in Finance in France, and he occasionally publishes on topics related to monetary policy in the euro area. He is an Associate Actuary and CFA Charterholder.

Ali Karakuyu is a seasoned expert with 25 years of experience in the insurance industry, working in BBVA Corporate & Investment Banking’s (CIB) Insurance Debt Advisory team. Ali is part of the broader Advisory division under BBVA’s CIB Investment Banking & Finance business covering a broad range of (re)insurance companies across Europe and Bermuda.

At BBVA (CIB) Ali helps (re)insurers to optimise their capital structure and funding solutions keeping in mind the expectations of regulators, shareholders, ratings agencies and other key stakeholders. 

Previously, Ali held a key role at S&P Global Ratings in the UK as Director and Lead Analyst in the insurance practice, where he was the global analytical lead for the firm’s insurance capital model criteria and contributed significantly to the development of  insurance rating methodologies. Prior to that Ali held various actuarial roles including the U.K. Government Actuary’s Department.

Andrew Putwain is the Managing Editor of Clear Path Analysis’s two market website Insurance-Investor.com and FundOperator.com. He joined the company in early 2022, and prior to that was an oil market journalist for I.C.I.S, part of Lexis Nexis Risk Solutions Group, focusing on the Middle Eastern/North Africa and CIS regions. Other previous roles include Editor at Reactions, part of Euromoney, and on the editorial team at Axco Insurance Information Services. He has also had positions at NS Media, HennikGroup, The Institute of Civil Engineers Publishing and ESG Investor

Drew Price is the Head of Capital Reporting & Analytics at Swiss Re, where he oversees all aspects of capital reporting for the group. With over three decades of experience in the financial sector, Drew has led teams in developing and implementing advanced financial systems, improving control environments, and accounting for complex transactions. His recent work includes designing a comprehensive application for collecting and managing capital positions.

Nina is responsible for treasury activities for the asset owner, asset manager and corporate companies covering cash and collateral management, securities lending, liquidity management and foreign exchange.

Nina is chair of the Bank of England Securities Lending Committee, member of the Bank of England Money Markets Committee and member of the Bank of England Joint FX Steering Committee. Nina has over 20 years of experience in treasury related roles across the sell side, hedge fund and buy side and holds a BSc in Economics.

Matthew joined M&G Investments in September 2006 on the Fixed Income graduate rotation program and began working on the ABS portfolio management desk in September 2007. 
Matthew is the primary portfolio manager on the team’s flagship pooled high grade fund as well as a number of other segregated mandates and funds in the investment grade ABS space and also supports other members of the team on non-investment grade portfolios.
Matthew has a BSc in Economics from the University of York and is a CFA Charterholder.

Chris is a senior advisor to Alpha Real Capital, the secure income asset manager and also a consultant to a number of UK infrastructure and social housing investors. He was previously Head of Illiquid Assets Origination at Phoenix Group plc, before that Head of Market Risk, Credit at Swiss Reinsurance (where he was also CIO and trustee of the UK Pension Fund) and a credit portfolio manager at Legal & General, Old Mutual Asset Managers and Allied Irish Banks. 

Chris is a graduate of the University of Cambridge and a fellow of the London Institute of Banking & Finance. He is Chair of Sporting Wellness, a charity that supports young sportsmen and sportswomen across the UK.

Hua Chai is an Investment Manager on the Alternative Investment Solutions team at Aberdeen Investments. He leads Systematic Solutions and is a portfolio manager for the Aberdeen Investments Eclipse hedge fund index range. Prior to joining Aberdeen Investments in 2019, Chai worked as a quantitative trader and analyst at a London-based quantitative hedge fund.  Chai has a BSc in Mathematics and an MSc in Finance from the University of Bath, and a Masters in Finance from the London Business School. He is a Chartered Alternative Investment Analyst (CAIA).

Maria's expertise includes implementing resilient investment programs, fund manager selection and the application of global best practice standards. She is also recognized as an ESG, investment governance and digital assets due diligence specialist.

Prior to her role as Research and Content Director at SBAI, where Maria lobbied global regulators on emerging regulation and was responsible for authoring a number of industry white papers, Maria has held senior positions with Man FRM, as both Head of Middle Office Accounting and as an Operational Due Diligence specialist. Other roles include Accounting Operations Manager at Northern Trust, as well as investment operations positions with Unigestion and Thames River Capital hedge funds, where she was responsible for trade execution, valuations and client reporting.

As a member of the SBAI's Working Groups on Digital Assets and Responsible Investment, Maria actively engages in shaping industry standards. Her academic background includes a first-class Bachelor’s degree in Natural Sciences (Astronomy and Cosmology). Maria is a frequent panellist and speaker at financial services forums, showcasing her thought leadership.

Sonia Alonso is a transformation-focused investment operations leader with over 15 years’ experience across insurance, asset management, and commercial banking. At Convex Insurance, she oversees a $6bn+ portfolio and leads strategic initiatives in data, compliance, and operational efficiency, having joined from RBC Global Asset Management (UK), where she served as Head of Investment Operations. Sonia is recognised for her innovative approach to operational excellence and her thought leadership in investment operations transformation.
She holds dual BAs in Business Administration and Management (Universidad de Burgos, Spain) and in Political Sciences (UNED, Spain). Sonia is also certified by CFA UK with the Impact Investment and Climate & Investing Certificates, holds the CFA Institute’s Certificate in Sustainable Investing, and the CISI Investment Operations Certificate (IOC), demonstrating her strong commitment to professional development in the investment operations field.

Lauren McDermott is a Director within Insurance Solutions at Loomis, Sayles & Company, where she is responsible for business development and relationship management with insurance companies in the United States, the Bermuda offshore markets and EMEA region. She joined Loomis Sayles in 2022 and has 18 years of investment industry experience. Prior to Loomis Sayles, Lauren held a number of positions that drove third party insurance asset growth. Most recently, Lauren was director of insurance client solutions at Aviva Investors, where she developed new business within the insurance and hospital/healthcare markets. Previously, Lauren was at Brown Brothers Harriman, as the head of Business Development and led their strategic efforts, with an emphasis on growth within the insurance market. Prior to that, she was a director within Global Business Development at Barings. In that position, she served as a key member of the insurance team responsible for building and expanding a broader set of capabilities to serve their growing client base across life, property & casualty, health and re-insurers. Lauren began her career on the sell-side in fixed income sales for Bear Stearns. She earned a BS from Georgetown University.

Andrew Putwain is the Managing Editor of Clear Path Analysis’s two market website Insurance-Investor.com and FundOperator.com. He joined the company in early 2022, and prior to that was an oil market journalist for I.C.I.S, part of Lexis Nexis Risk Solutions Group, focusing on the Middle Eastern/North Africa and CIS regions. Other previous roles include Editor at Reactions, part of Euromoney, and on the editorial team at Axco Insurance Information Services. He has also had positions at NS Media, HennikGroup, The Institute of Civil Engineers Publishing and ESG Investor

Andrew Putwain is the Managing Editor of Clear Path Analysis’s two market website Insurance-Investor.com and FundOperator.com. He joined the company in early 2022, and prior to that was an oil market journalist for I.C.I.S, part of Lexis Nexis Risk Solutions Group, focusing on the Middle Eastern/North Africa and CIS regions. Other previous roles include Editor at Reactions, part of Euromoney, and on the editorial team at Axco Insurance Information Services. He has also had positions at NS Media, HennikGroup, The Institute of Civil Engineers Publishing and ESG Investor

Andrew Putwain is the Managing Editor of Clear Path Analysis’s two market website Insurance-Investor.com and FundOperator.com. He joined the company in early 2022, and prior to that was an oil market journalist for I.C.I.S, part of Lexis Nexis Risk Solutions Group, focusing on the Middle Eastern/North Africa and CIS regions. Other previous roles include Editor at Reactions, part of Euromoney, and on the editorial team at Axco Insurance Information Services. He has also had positions at NS Media, HennikGroup, The Institute of Civil Engineers Publishing and ESG Investor

Bob Tyley is Head of Credit Risk in Hymans Robertson’s UK Insurance & Financial Services practice. He is an investment industry veteran with deep experience of global credit and interest rate markets. Having worked in the leading investment banks, insurance companies and consultancies, he has wide experience of implementing ESG, ALM, SAA, and IMV activities along with risk and capital modelling and optimisation for insurance companies.

 An area of particular focus currently is the impact of Solvency II UK Reform and its implications and challenges in enabling insurers to invest in a wider range of long-term productive assets.

 Bob is a Technical Specialist of the Institute of Risk Management and a Chartered Fellow of the Chartered Institute for Securities & Investment, as well as being a Fellow of the Royal Astronomical Society.

Fearghas provides support for a range of general insurance clients, with a focus on capital modelling, internal model validation, model use, and insurance strategy.
He has over ten years’ experience in capital modelling for general insurance and has worked on internal model development and approval, and major model change applications with both PRA and Lloyd’s. 
Fearghas brings expertise in embedding capital modelling techniques to wider risk management and business decision making processes, and in explaining technical and statistical information to senior stakeholders. 
He also works directly with Insureds, advising on insurance and risk mitigation strategies and leading work with captive insurers. 

Rob Knight is a consulting Managing Director who specialises in operations and regulations. She is also a NED on the Board of East London Business Alliance and special advisor to two California based start-ups. Rob’s unique professional background spans successful leadership roles within large international businesses, leading teams in Asia, Europe, India, UK and USA. She was Head of Global Business Services at Barings (subsidiary of MassMutual), sitting on the firm’s  Operations Leadership Team, Pricing Committee and Client Asset Oversight Working Group. Her global teams supported investment strategies for USD 280B+ of private and public assets. She has a keen interest in automation and data science to create more efficient and scalable workflows. 

Rob served as Chairperson for the UK Investment Association’s Trade & Transaction reporting Committee until 2022, where she contributed to engagement with European and UK regulators. Prior to joining Barings, Rob led the fiduciary management team for Citigroup – Asset Management Unit in London.

In 2007 Rob co-founded the award-winning Barings’ See The Possibilities student programme for university and college students. This program introduces students to the financial services industry, while opening doors to entry level Analyst roles. 

She holds a MBA, the CFA UK: Investment Management Certificate, and is a member of the Chartered Governance Institute

Mark is responsible for the product management and day-to-day operation of the AJ Bell Investment team’s range of multi-asset funds, model portfolios and ancillary investment services. He has over 10 years’ experience in global custody, platforms and investment operations in both the retail and institutional spaces.

Keith is the Managing Director, Head of EMEA for Clearwater. Prior to joining Clearwater, Keith held executive and senior leadership positions at several high growth technology companies including BlackRock, where he led the EMEA business development function for the “Aladdin” business.

Prior to BlackRock, Keith was a Managing Director at IHS Markit where he held a wide range of responsibilities and made significant contributions to the growth of several of the software and services businesses acquired by the firm, with an emphasis on investment management and expansion across EMEA. 

Keith has over two decades of technology and data experience and has also held senior leadership roles at other prominent fintech companies, including Thomson Reuters, Tradeweb and FactSet.

Keith holds an M.B.A. from DePaul University Chicago and a B.A. from the University of Illinois at Urbana-Champaign.

Head of Investments, Treasury & ALM, Assura Group After PhD in financial mathematics from EPFL (Lausanne) and postdoctoral tenure at Cambridge Univesity, Violetta joins UBS to continue her career in the industry. Prior to joining Assura she also held managerial positions at Swiss Life and Zurich Insurances, deepening the insights on both passives and actives. In Assura, she oversees the portfolios for base and complementary insurances, as well as pension fund of the group.

Moritz Zander, CFA is Head of Investments at New Reinsurance Company Ltd. Former experience includes Head of Origination, Capital Partners at New Re, VP, Capital Solutions EMEA and Senior Credit Underwriter at Swiss Re, and Economist at MIGA, World Bank Group. He holds a Masters degree in International Policy Studies from Stanford University and a licence degree (Bachelor of Arts) from the University of Geneva.

Corrado Pistarino has more than 25 years' experience in capital market. He is Chief Investment Officer at Foresters Friendly Society.

Previously to his current positions, he was Head of Insurance LDI at Aviva Investors, responsible for over £10bn of insurance funds and £30bn of derivatives exposure. 

His previous employers include Deutsche Bank, Dresden Kleinwort and ABN AMRO Bank. He worked in structuring/trading and client coverage, with a focus on ALM and capital management solutions. 

Corrado has a degree in Physics from Turin University and a Master in Finance from London Business School.

Jonida is a Senior Manager in the Investment Management & Private Equity practice of Deloitte UK, based in Jersey.
She has over 19 years’ experience in financial services focusing on audit and assurance services to private equity and debt funds, and banks.

Jonida is one of Deloitte’s Private Equity specialists, playing a central role in the practice resources on venture capital and growth equity funds, where she leads the sector group identifying the latest trends and developments in the market.

Deloitte profile

LinkedIn profile

Jason Young is Head of U.S. Corporate Private Placements and Private Structured Credit for MetLife Investment Management’s (MIM) Private Capital. He is responsible for leading MIM’s U.S.-based Private Placement team covering the Corporate and Structured Debt Private Placement markets in the U.S and APAC

Prior to joining MIM in 2024, Jason held various transactional and organizational roles across global corporates, structured corporates and direct origination across his 17-year career at Corebridge Financial fka AIG Investments. Prior to Corebridge Financial, Jason completed a three-year formal credit training program within Citigroup’s middle market lending group.

Jason earned an M.B.A. from Southern Methodist University’s Cox School of Business and a B.B.A. from Texas Christian University’s Neeley School of Business. He is a CFA® charterholder.

Matthew Brennan is the Head of Asset Allocation & Research at Scottish Widows.

In this role, Matthew is responsible for setting the strategic asset allocation across Scottish Widows' multi-asset solutions. Through thought-leadership in asset allocation research, his team continuously develops and refines the company's approach to ensure optimal investment strategies.

Prior to this, Matthew served as Executive Director, Investment Oversight at Valu-Trac, an independent ACD. He also held significant roles at AJ Bell, including Head of Investment Management and Head of Passive Investments. His extensive experience spans private banking, hedge funds, and data analytics.

Matthew graduated in 2011 with a first-class Maths degree and is a CFA charterholder.

Patrick O’Sullivan is Head of International Insurance Solutions, responsible for the design and implementation of insurance solutions for global insurance companies. Patrick has worked in the asset management industry since 2016 following a period in academia. Patrick joined Barings in London in 2024 from Schroders where he was Head of Insurance Solutions. Before that, Patrick was a senior associate at JP Morgan Asset Management in London following two years as a lecturer at the University of Southampton. He holds a PhD in financial economics from University College Dublin and 1st Class BSc. in Financial and Actuarial Mathematics from Dublin City University.

Adam Ruddle is the Chief Investment Officer at LV=. He has responsibility for the investment management, allocation and optimisation of over £14bn of assets under management. His remit includes designing and setting investment strategies, managing group liquidity, the oversight of external asset managers and the structuring of physical and synthetic investment solutions for the company. Adam has been with LV= for nearly 15 years working in a wide range of roles including Asset Liability Management, Financial Reporting and Valuation, Capital Management and With-Profits oversight. He is a Fellow of the Institute and Faculty of Actuaries and holds the Chartered Enterprise Risk Actuary designation.

Jennifer is an actuary and accountant with over 20 years’ experience in the insurance industry. She currently serves as Executive Director, Group CFO, Chief Risk Officer and Head of Actuarial Function with Acorn Life in Ireland. She is also an Independent Non Executive Director of Vhi, the Irish state-owned health insurer.  Jennifer is a Fellow of the Institute and Faculty of Actuaries (UK), the Society of Actuaries in Ireland and the Association of Chartered Certified Accountants. She is a member of the IFoA Actuarial Data Science Working Group and is an active member of the Society of Actuaries in Ireland through the Data Science Committee and the Diversity, Equity, Accessibility and Inclusion Committee. Jennifer holds an MSc in Data Analytics and is an Ambassador for Women in Data Science.

Adrian is Head of Group Climate Investment Oversight at Legal & General, partnering with the L&G divisions to oversee the “Invest” pillar of our Group climate and nature strategy. Externally, Adrian is involved in a number of industry initiatives.  He is the Legal & General representative within the Net Zero Asset Owner Alliance (NZAOA) and is also on the SBTi Expert Advisory Group for the Financial Institution Net Zero (FINZ) Standard, having led the work to obtain to SBTi verification on Legal & General’s near-term investment targets.

Adrian has worked at L&G for coming up to twenty years, across a variety of departments and roles, while driving investment climate change initiatives within the Group function for the last seven years. He is a qualified Actuary with a BSc in Maths, Statistics, Operational Research and Economics from Warwick University.

Hikmet Sevdican (1972) has been working at Achmea Mortgages since October 2023 as a Managing Director. Before joining Achmea, Sevdican was Managing Director at Rabo Fund Management and played a key role in founding Vista Hypotheken in 2018. Previously, Sevdican was Managing Partner at Dynamic Credit Partners Europe, a board member of the professional association of investment professionals VBA, and held various fund management roles at APG and Robeco.

Xavier Solano leads on prudential regulation and operational resilience and coordinates a team of technical experts covering key topics such as Solvency UK, industry stress tests, the Insurance Resolution Regime, operational resilience, and liquidity risk, among others.

Xavier works closely with the insurance and long-term savings sector, representing their interests to the Bank of England/PRA, HM Treasury, IAIS and other key stakeholders. He has participated in the PRA's Subject Expert Groups on Solvency UK and Stress Testing and in CMORG's industry subgroups.

The ABI Prudential Regulation Team has earned several awards including UK & Europe InsuranceERM Risk Team of the Year (Feb 2023) and the Risk and Resilience British Insurance Award (July 2023).

Brian Digney joined the SBAI in March 2023 in the role of Research and Content Director. He is responsible for content development and co-ordination of the ongoing and future working groups on a wide variety of topics, including valuation of private assets, ESG & carbon footprinting, governance, insurance linked strategies, digital assets, asset management regulation and compliance as well as new topics to be determined in the future.

Prior to joining the SBAI, Brian was the Head of Due Diligence & Governance Oversight at Innocap Global Investment Management (Ireland) Ltd (2018-2023) in Dublin, a subsidiary of Innocap Investment Management Inc., a US$50bn hedge fund platform. He acted as Designated Person for Operational Risk Management, a regulated role by the Central Bank of Ireland. He also sat on Innocap’s Irish Risk Oversight and Valuation Committees. In 2017, Brian joined Albourne Partners in London as a Senior Operational Due Diligence Analyst. From 2015 to 2017 he was employed as an Operational Due Diligence Analyst at Mercer Sentinel in London. From 2010 to 2015 he held various Associate level roles at Decura LLP, Morgan Stanley and Citi.

Brian holds an LLB Hons in Law with Criminology and an M.Sc. in Management and Corporate Governance from University of Ulster. Brian is a Chartered Alternative Investment Analyst.

Kedi is currently a UK Chief Investment Officer at Aspen, responsible for UK investment strategy and group investment initiatives. 

Prior to this, he was a Vice President in Insurance Solutions at Nomura, covering origination, structuring, and execution of Cross-Asset Investment Solutions, Derivatives, Financing, and reinsurance transactions for the insurance sector. Previously, He was a Portfolio Solutions Manager at LGIM responsible for structuring bespoke outcome-oriented investment solutions and strategies across asset classes for insurers and pension funds. During his early career, he also worked as an Investment Specialist at Aon and Executive in Corporate Deal Advisory at KPMG.

Kedi graduated from the University of Cambridge with a Master’s degree. He is a Fellow of the Institute of Actuaries, Chair of the Cash flow Driven Investment Working Party at IFoA, and a Chartered Financial Analyst.

Florian has over 25 years' professional experience in finance.

He began his career in 1994 at Société Générale and Thomson CSF Ventures. In 2002, he joined Deutsche Bank in London as Managing Director in charge of European coverage of equity structured products.

He founded Gamma Finance in 2009 before joining Flexam Invest in 2016 as Managing Partner.

He is a graduate of EMLyon Business School and Insead's Executive MBA.