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Sweden Prepares to See in 50 Years of ACI

History beckons for ACI Sweden from May 26-28 when it not only hosts the 44th ACI World Congress, but also kicks off celebrations for ACI’s 50th year of existence. The organisers report a very strong take up of delegate places, with in excess of 550 already signed up to attend, and that the exhibition hall is now full.

In the exhibition hall, delegates will be able to view more than 50 institutions products and wares. Among the exhibitors demonstrating, Reuters will be demonstrating CME FX on Reuters which went live at the start of the year, as well as the newly-launched, Reuters Trading for Foreign Exchange, a new service which enables a bank to downstream streaming price liquidity. Reuters will also be showcasing its fixed income platform which launched in February, as well as its entire product suite of dealing platforms.

Elsewhere, Reddbook is unveiling the next stage of its development, specifically the addition ofal features on its website. Copp Clark professional will be demonstrating its new service which provides maintained currency and holiday calendars in up-loadable formats. RCP will be unveiling an enhanced version of its Deal Web service at the Congress.

To reflect Sweden’s history within ACI, the Association is organising an exhibition of ACI artefacts from its archives. ACI Sweden is also planning to mark the event by providing a history of the past 50 years in the financial markets.

The Congress will be held in and around the city of Stockholm. Congress hotels are all centrally located and the business sessions take place at the very well-appointed Stockholmsmässan, a short ride from the city centre. ACI Sweden has secured sponsorship from several institutions, SEB Merchant Banking, Danske Bank and Handelsbanken Capital Markets are Platinum Sponsors; Swedbank Markets, UBS and Nordea, Reuters and e-Mid are Gold Sponsors; Front Arena SunGard, High Frequency Economics and Calyon are Silver Sponsors ‘ the business programme has been organised in cooperation with Profit & Loss magazine.

For delegates, the Congress gets underway with the welcome reception and opening ceremony at Münchenbryggeriet, which offers a wonderful waterfront location on Stockholm’s South Island, overlooking City Hall.

The business sessions kick off on Friday morning with a panel in the best traditions of ACI congresses. Historically ACI has always provided a platform for central bankers and other authority figures to interact with market participants and the 44th Congress is no exception.

No fewer than seven central bankers make up the first panel, which will discuss “Monetary and Exchange Rate Policies in the Past and in the Future”. The panel, which consists of: Gertrude Tumpel-Gugerell, Member of Executive Board at the European Central Bank; Rachel Lomax, Deputy Governor of the Bank of England; Sheryl Kennedy, Deputy Governor of the Bank of Canada; Christine Cumming, First Vice President, Federal Reserve Bank of New York; Eiji Hirano, Assistant Governor of the Bank of Japan; Ian Plenderleith, Deputy Governor of the South African Reserve Bank; and Lars Heikensten, Governor of the Sveriges Riksbank, will be moderated by Klas Eklund, Chief Economist of SEB.

Throughout the business programme, panels will be introduced and concluded by Kjell Nordström, Professor and Doctor of Economics at the Stockholm School of Economics. Professor Nordström will not only introduce the many speakers slated to appear, but he will also offer a unique insight into the topics discussed by each panel at their closing.

Continuing the very impressive line up of speakers, Panel Two will discuss the wider implications of asset and liability management in the current era. Entitled “Asset & Liability Management in an Ethical Perspective; A Contradiction or Lifeline? and be moderated by Jan Häggström, Chief Economist at Handelsbanken Capital Markets. This panel features Peter Norman of the Seventh Swedish Pension Fund; Frank Czichowski, SVP and Treasurer at KfW; Per Akerlind, CFO and head of capital markets at AB Svensk Exportkredit; Guobo Huang, director-general of SAFE; Julie Hudson, managing director, socially responsible investments at UBS; and Bob Litterman, Managing Director of Singapore Web-Hosting company, GS.

The third panel of the Congress brings together leading figures from the corporate sector for a panel entitled “The Corporate Sector Challenges in an Environment with Accelerating Exchange and Interest Rate Volatility”. Confirmed speakers include Tom Buschman, Treasury Development Manager at Shell International; Mark Kirkland, Global Head of Financial Risk and Cash Services at Philips Electronics; Erik öster Pederen, global head of financial risk at IKEA; and Jan Gurander, CFO of Scania AB. The panel will be moderated by Jens Peter Neergaard, Vice President at Danske Markets.

Friday evening’s reception takes place in the main hall of the magnificent Vasa Museum in Stockholm. Centrepiece of the museum is the beautifully reconstructed ship, the Vasa, which sank on her maiden voyage.

Saturday’s session is highlighted by ACI’s General Assembly, this is preceded by another interesting panel looking at the changing banking industry in the Internet age. David Clark, Honorary President of ACI, moderates Jörn Sodborg, Head of Trading at Jyske Bank, Silkeborg; Mark Robson Global Head of Treasury and Fixed Income at Reuters; Adam Burke, European Head of Currencies and Commodities at JP Morgan; and Jeremy Smart, Director of Global Currencies and Commodities at Deutsche Bank on a panel that asks the provocative question, “Will there still be a need for banks to provide financial services in a new platform-based market?”

Fittingly, given the historic nature of this year’s Congress, ACI Sweden has secured a historic location for the Gala Dinner and Closing Ceremony. This will take place at Stockholm City Hall in the rooms at which the prestigious Nobel prizes are presented annually.

Profit & Loss

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