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The Pan European Pensions and Asset Pooling Summit 2007

16thOctober 2007

Speaker Biographies

Gavin Bullock

Partner
Deloitte

Gavin Bullock is a Tax Partner based in London. He specialises in asset management, mergers and acquisitions, securitisation and both UK and offshore funds.

He currently works with a number of financial institutions, asset managers and custodians. He advises on the establishment of onshore and offshore funds including Luxembourg FCPs, Irish CCFs, Unit Trusts, fund migrations and redomiciliations, together with the selection of appropriate investment vehicles and the impact on multi-jurisdictional investors.

Gavin has also recently advised on international real estate investment funds, and investment fund restructuring principally for financial services clients. He currently leads the UK pension pooling practice and is in the process of implementing pension pooling solutions for a wide range of clients.



Tim Burggraaf

Representative of Holland Financial Centre and Partner
Mercer

Tim joined Mercer in 2001. He has a Masters in Pensions and Life Assurances from the Hermes University and is a member of the Dutch Order of Pension Experts (NOPD) and the Circle of Pension Specialists (KPS). In addition to being managing consultant for several large multinational clients, Tim chairs Mercer's Dutch Centres of Excellence on Pan-European Solutions as well as Defined Contributions and is a member of their European equivalents.

Prior to joining Mercer, Tim worked with Aon Consulting and number of other pension providers (insurers).

Tim is a regular speaker at conferences and has published two books (on defined contributions) and a number of articles on the topic.



Mark Cerimele

Senior Manager, International Product Management
Vanguard Investments

Mark Cerimele is a senior manager responsible for product management in Vanguard’s International Division. His team is responsible for the research, planning, development, and implementation of new investment products and services in support of the $36 billion portfolio of Dublin-domiciled funds.

Prior to his current role, Mr. Cerimele held relationship manager and operations manager positions within Vanguard’s International Division. Mr. Cerimele received his B.S. in finance and his M.B.A. from Penn State University. He is also an adjunct faculty member at Immaculata University, where he teaches courses in international business and multinational finance.



Neal Chansky

COO Continental Europe/Offshore
State Street



Erich Eggenhofer

Legal and policy officer for Insurance and Pensions
The European Commission

Erich Eggenhofer is currently the responsible officer for Occupational Pensions in DG MARKT (Unit for Insurance and Pensions). His responsibilities include advising Member States on the implementation of the Internal Market Acquis on Occupational Pensions, the preparation of the 2008 review of the pertinent acquis in close cooperation with CEIOPS (the Committee of European Insurance and Occupational Pensions Supervisors), and the execution of enforcement procedures against Member States in this domain (as in other areas of the EU's insurance acquis). Before joining the Insurance and Pensions Unit, he was adviser to the Austrian EU-Presidency for Company Law and Corporate Governance, after he had worked in that field in DG MARKT from 2001 until 2005. From 1999 until 2001, Mr. Eggenhofer was responsible for EU Structural Funds Interventions in Germany (DG Regional Policy of the European Commission).

Before joining the European Commission, he has worked for 11 years with Creditanstalt-Bankverein in Vienna (Austria's leading bank at the time), his last asssignment there being that of a Group Compliance Officer.

Mr. Eggenhofer has studied law (University of Vienna, University of Sydney) and finance (London Business School).



Jacques Elvinger

Partner
Elvinger, Hoss & Prussen

Jacques Elvinger, "maitre en droit", became a member of the Luxembourg Bar in 1984.

He specialises in the field of investment funds and pension funds. As such, he is the principal in charge within Elvinger, Hoss & Prussen of the practice of investment funds and investment companies.

He is a member of the board of the "Executive Committee of the Luxembourg Association of Investment Funds", chairman of the "Commission on Tax Law" of the same association, member of the "Committee on Investment Funds" and of the "Committee on Pension Funds" with the "Commission de Surveillance du Secteur Financier" (CSSF).



Dave Fagan

Chief Executive
Legal and General International

Dave Fagan has over 25 years experience in the life assurance industry, both in Ireland and abroad.He has been involved in the development of the International Financial Services sector in Ireland since the early 1990s. A qualified accountant, Dave has spent much of his career in senior marketing and General Management positions. He was Chief Executive of Irish Life International between 1998 and 2007 and has recently taken up the post of Chief Executive of Legal and General International (Ireland) with a brief to establish a cross border life assurance company for one of the UK's leading insurance, pension and investment groups. He currently serves on both the IFSC Insurance Group and the Pan European Pensions Task Force which are facilitated by the Department of An Taoiseach.



John Feely

Actuary
Attain Consulting

John Feely FIA FSAI AIIPM is an actuary based in Dublin. He is chairman of the Irish Government's Working Group on Pensions, formed in 2009. He formerly He joined Mercer, the global actuarial and benefits consultancy in 2005 to lead the development of integrated retirement solutions that bring together key aspects of Mercer's services. He is also responsible for outsourced administration and related services for Ireland and Continental Europe. John has wide experience in consulting, life insurance, asset management and sales. In previous roles he was responsible for strategic development at Abbey National Investments and for product and corporate development at Scottish Provident. He started his career as a consultant with Irish Pensions Trust (now part of Mercer) and has also worked in the investment management division of AIB. John is a past Chairman of the Irish Association of Pension Funds and has also served as a member of the Board of Directors of the European Federation for Retirement Provision where he chaired the working party on pan European pensions. He was also a member of the Irish Government?s task force on pan European pensions.

Geoffrey Furlonger

Committee Member, International Employee Benefits Association
Aon Consulting

Geoffrey Furlonger is Head of the EU Practice of Aon Consulting Worldwide and is also the current Chairman of the International Employee Benefit Association.

In his capacity as a consultant, Geoffrey has advised multinational companies on numerous subjects including the creation of Pan-European Pension Structures. He has also completed many projects for the European Commission including the completion of studies on pension-related barriers to mobility as well as a study examining future financing options for the EU Civil Servants' Pension Scheme. Geoffrey also acted as the Consortium leader for a consortium of universities and consultants providing high-level technical assistance in social security matters to Central and Eastern European countries prior to their accession to the European Union. Between 1998 and 2001 he was Chairman of the Pan-European Pension Group which consisted of 20 multinational companies who successfully lobbied for the removal of tax barriers to cross-border pensions by means of test cases in the European Court of Justice.

Geoffrey Furlonger was head of the EU Practice of the Mercer consulting firm between 1990 and 2000 and was Director of Pension Fund Services for Lombard International Assurance in Luxembourg between 2000 and 2005 during which time he created several Pan-European Pension Plans for clients of Lombard.

Geoffrey is a lawyer by profession and is a graduate of New College, Oxford University, and Boalt- Hall School of Law, U.C.Berkeley, California USA.



Johann Girost

Actuary - Pension Funds Manager
Dexia Insurance & Pensions Services

Johann Girost is an Actuary and Pension Funds Manager at Dexia Insurance & Pensions Services (DIPS). This Dexia Group subsidiary has been chosen as the “centre of excellence” to manage and advise pension funds. Johann’s professional experience in financial services spans over 10 years during which he has worked for leading insurance companies (such as AXA) in France, England and Luxembourg. Johann is a qualified actuary of the Institut de Science Financière et d’Assurance (ISFA) and has the Agreement for Pension Management by the Luxembourgish supervisory authority, Inspection Générale de la Sécurité Sociale (IGSS). He is a member of the French Institut des Actuaires (IA), a member of the Association Luxembourgeoise des Actuaires (ALAc) and involved in the European Association of Paritarian Institutions of Social Protection (AEIP) through Dexia Pension Fund.

Johann has recently been the co-author of the article “Paneuropäische Pensionsfonds florieren in Luxemburg” published in the Börsen-Zeitung. He is involved in the development of pan-European pension funds and has been advising clients on the opportunities that the new IORP Directive legislation presents. Johann is a frequent speaker at conferences throughout Europe on the topic of Pension Funds, which the Association des Banques et Banquiers, Luxembourg (ABBL) actively promotes.



Bernard Hanratty

Managing Director, Head of Fund Services, Europe, Middle East and Africa
Citi

Bernard Hanratty is Head of Fund Services for Europe, Middle East and Africa at Citi. Citi’s Securities and Funds Services business provides middle and back office solutions for asset managers, banks, insurance companies, pension funds and mutual funds. Fund Services, together with Citi’s global custody and securities finance products, provides a market leading, integrated service to the investor community.

In addition to Barnard’s general business responsibilities, he also focuses on asset pooling solutions for the pensions industry and multi-jurisdictional asset managers.

Bernard has a degree in Computer Science from Trinity College, Dublin. After joining Citibank London in 1984, his appointments have included Operations Management, Sales, Customer Services and Relationship Management in the London and Dublin offices of Citigroup.

Bernard is a past Chairman and Council Member of the Irish Funds Industry Association. He represents Citi on several national and European industry committees.



Tony Hobman

Chief Executive
UK Pensions Regulator

Tony has held a number of senior appointments within the financial services arena. He spent twenty years with Barclays Bank, holding a number of key roles in marketing, project and change management and customer service. In 1996 he joined ProShare as head of investor services and was promoted to chief executive in 1999. From 2000 to 2001 he was chief executive of Money Channel plc. In 2002 he was appointed as chief executive of the Occupational Pensions Regulatory Authority (Opra) and in July 2004 chief executive designate of the Pensions Regulator. In April 2005 he began work as the first chief executive of the Pensions Regulator.

Ali Kazimi

Director
Ernst & Young

Ali Kazimi is the Head of Investment & Operational Taxes at Ernst & Young. Prior to joining Ernst & Young, he was Head of Tax at Barclays Global Investors. His financial services experience spans over 15 years, with leading professional services and banks. He has considerable experience of lobbying and negotiating with international taxation authorities.

Some key projects that he has led have included the following:

  • A large-scale pan-European project to negotiate and implement streamlined procedures for reclamation of withholding taxes suffered on cross-border income flows. The project comprised review of custodian accounts and filing procedures, identification of efficiencies, detailed tax analysis to support the legal basis of the treaty reclaims, negotiating concessions with the European tax authorities and implementation of the agreed streamlined procedures
  • Led representations to the Japanese Ministry of Finance in respect of the changes to the JGB systems (FPI and QFI in Japan)
  • Lobbied States of Jersey in its adoption of the EU Savings Directive
  • Various advisory assignments to custodian banks on investment market tax developments in respect of withholding taxes
  • Assisted in the tax technical and operational design of securities lending programmes
  • Undertaken tax reviews of lending and derivative activities for investment management clients

    Ali is a frequent speaker at conferences on a range of topics including Securities Lending, Pension Pooling, Withholding Taxes, Custodial Structures and Stamp Duties.

    Jaap Maassen

    Chairman
    European Federation for Retirement Provision

    Jaap Maassen joined Shell International in 1975 with a Master Degree in Law and Business Administration. From 1975 till 1984 Maassen worked with Shell in various overseas postings - Oman, Canada, UK and Hongkong - in Human Resource Management and Finance. In 1984 he returned to the Netherlands where he worked with Shell in Human Resources Management, Oil & Chemicals trading and Pensions until 1996. In 1996 he joined ABP as Director of Pensions and Member of the Board with special responsibilities including the Pensions, IT, Insurance and Mortgage Divisions. ABP is world's second largest pension fund with assets amounting some 190billion Euro's. In 2004 he was appointed as Chairman of the European Federation for Retirement Provision (EFRP) where he previously served on the Board. The EFRP represents national associations of pension funds and similar institutions for supplementary pension provision across Europe.

    Dermot McCarthy

    Secretary General
    Department of An Taoiseach

    Following service in the Department of Industry and Commerce, joined the Department of Health in 1977.

    Appointed Director of the National Economic and Social Council in 1990.

    Appointed Assistant Secretary in the Department of the Taoiseach in 1993, with responsibility for Economic and Social Policy Division.

    Appointed Secretary General to the Government in January 2000, with additional responsibility for Economic and Social Policy and the Strategic Management Initiative.

    Appointed Secretary General of the Department of the Taoiseach w.e.f. July, 2001.

    He is the Chairperson of the National Economic and Social Council.



    Paul McGowan

    Taxation Partner - Financial Services
    KPMG

    Paul is a tax partner in KPMG Ireland. He has specialised in financial services tax for the last 20 years being involved with clients establishing in the IFSC since its inception. He focuses particularly on banking, securitisation, leasing and mutual funds. He is a past chariman of IFIA and is a member of the Taoiseach's working group on Banking and Treasury issues. He has been appointed to the EU Arbitration Panel on Transfer Pricing and has recently taken over as Global Leader of KPMG Financial Services Tax Network.



    Christian MacManus

    Director - Financial Services Audit Group
    Deloitte

    Christian is a Director within the Financial Services Audit Group of Deloitte. During the past 7 years Christian has specialised in investment funds, working with a variety of administrators and managers across the sector. Christian sits on the marketing committee of the IFIA and is a member of the Institute of Chartered Accountants in Ireland. He is also a regular contributor to industry publications.

    Aaron Overy

    Head of Asset Pooling Sales
    Northern Trust

    Aaron Overy is a Vice President at Northern Trust. He is a Pooling Consultant and his focus is on developing new cross border pooling opportunities with multinationals and investment managers.

    Prior to Northern Trust in 2007, Aaron worked for CheckFree, a leading provider of trade processing and corporate actions software solutions, where he held a business development role from 2003 to 2007. Previously, he worked at Thomson Financial for five years, selling front, middle and back office fund accounting and portfolio management software solutions to buy-side clients. He has over 13 years' industry experience and has also worked at ABN Amro on their Delta One trading team.



    Sathish Ramdayal

    Senior Consultant
    Barrie & Hibbert

    Sathish joined Barrie & Hibbert in 2006. He is a CFA charterholder and qualified as a Fellow of the Institute of Actuaries in 1998.

    Prior to joining Barrie & Hibbert, Sathish was a member of the Investment Strategy Team of a large global consulting firm, providing asset allocation advice primarily to large pension funds. Prior to this, he worked for a big five accounting firm, where he was involved in pensions consulting, M&A and audit-related work. Sathish also has an insurance background, having worked at the product development team at a FTSE100 insurer.

    Sathish is a member of Barrie & Hibbert's risk management group and is responsible for its activities in the area of pensions.



    Tim Reay

    Senior member of the International Benefits practice
    Hewitt

    Tim Reay is an international consulting actuary and a senior member of the International Benefits practice. He advises multinational corporations, organisations, and governments on all aspects of worldwide benefit provision for their employees. This includes scheme design, financing, valuation and administration, as well as consolidation of pension expense under international accounting standards, and the particular issues faced by internationally-mobile employees. He leads the Governance and Strategy specialist workgroup within the practice, and advises clients on all aspects of the governance process including benefit inventory, strategy formulation, and mechanisms for monitoring the process on an ongoing basis.

    Tim joined the firm in 1984, and between 1994 and 1997 was based in Paris, responsible for employee benefits activities in France. He has a degree in Mathematics from the University of Oxford, is a Fellow of the Institute of Actuaries, and speaks several European languages. He is a regular speaker at international conferences and a regular contributor to the media.



    Deborah Reidy

    Executive Director
    Hewitt

    Deborah joined Hewitt in April 2004 to head up the Investment Consulting unit and is an Executive Director of the company. Prior to joining Hewitt, Deborah was with the National Treasury Management Agency where she was Head of Investment Manager Selection and Monitoring for the National Pensions Reserve Fund (NPRF) and part of the senior team responsible for making recommendations to the NPRF Commission on Asset Allocation, Investment Strategy, Manager Selection, and other investment related topics.

    Deborah obtained a Bachelor of Science degree from NYU and an MBA from Fordham University.

    Prior to locating in Ireland, Deborah worked for several NY based investment managers in the areas of statistical & portfolio analysis, performance measurement & attribution, manager evaluation, and compliance.

    Deborah is an inaugural and current member of the GIPS (Global Investment Performance Standards) Investment Performance Council (IPC) which is sponsored by the CFA Institute (formerly known as AIMR). Deborah is also an advisor to the CFA Institute serving on the CIPM Examination Review Panel. She has been a frequent speaker at industry conferences.



    Peter Schonewille

    Administrator, Direct Tax Infringement Unit
    European Commission

    Peter joined the Commission in 1993 and previously worked in DG Competition and DG Internal Market. He is now with the Direct Tax Infringement Unit of the Directorate General Taxation and Customs Union.

    Peter deals with the infringement procedures and court cases in direct taxation concerning the United Kingdom, Belgium and the Netherlands. He worked on the Commission's 'Communication on the elimination of tax obstacles to the cross-border provision of occupational pensions', adopted in 2001 and on the Communication 'Dividend taxation of individuals in the Internal Market', adopted in 2003.

    He started his career in 1987 as a local tax inspector in Rotterdam and dealt with international taxation at the Ministry of Finance of the Netherlands.

    Peter holds Masters degrees in Taxation Economics and Public Finance, Business Administration and Law. He is a member of the Dutch Institute for Certified Public Accountants and part-time lecturer and researcher at the CompetenceCentre for Pension Research of the Tilburg University in the Netherlands and part-time lecturer at the Free University Brussels. He publishes regularly on EU tax issues. His hobbies are reading and gardening.



    William Slattery

    Managing Director
    State Street International

    William assumed the position of managing director of State Street International (Ireland) Limited in February 2003, following the acquisition by State Street Corporation of Deutsche International (Ireland) Limited. William had been managing director of Deutsche International (Ireland) Limited since January 2002. He worked for the Central Bank of Ireland for more than twenty years until 1996 and was responsible for supervising Dublin's International Financial Services Centre from its establishment in 1987 until 1995. Immediately prior to leaving the Central Bank he was deputy head of banking supervision where he was responsible for the supervision of all Irish banks and building societies.

    William joined Deutsche Morgan Grenfell (Ireland) in 1996. Following a short period in Ireland, he moved to London where he held a number of senior compliance and risk management positions in the asset management division of Deutsche Bank. From 1999 - 2001 he was managing director and global head of risk management for the division.



    Lut Sommerijns

    Secretary general
    Belgian Association of Pension Institutions

    Lut Sommerijns currently holds the position of Secretary General of the Belgian Association of Pension Institutions (BVI – ABIP).

    She graduated in 1985 from the Catholic University of Louvain (KU Leuven) where she obtained her Law Degree. She was granted a Masters Degree (LL.M.) by the University of California at Berkeley in 1986. Lut Sommerijns has been a lawyer for the past 21 years, specialising in occupational pension matters, admitted at both the Brussels and New York bar.

    Lut Sommerijns regularly lectures on the subject of occupational pensions and has written a book and several articles on the topic of pensions. She is a member of IPEBLA and of the HR Committee of AmCham. She has regular contacts with the Belgian Supervisor, CBFA, and actively participates in the activities of EFRP and AEIP. She lectures at the KU Leuven and at the Belgian Pension Academy of the BVPI-ABIP.

    Lut has been involved in establishing the Belgian implementation legislation of the European IORP-Directive.



    Pat Wall

    Partner
    PricewaterhouseCoopers

    Pat is a tax partner with PricewaterhouseCoopers in Dublin. He specialises in investment management, insurance and pensions. He is a member fo the IFSC Clearing House Group (CHG) which has overall strategic responsibility for development of Ireland's international financial services industry. In that capacity he chairs the Pan-European Pensions Task Force which has a mandate to advise the CHG on how Ireland should position itself to benefit from the emerging EU single market in pension provisions. He is also a member of the PwC Eurofirm Insurance and Pensions Group. He played a key role in the framing of the all island financial services strategy recently announced by Brian Cowen and Peter Robinson.



    Kerry White

    First Vice President, Head of Multinational Business and Product Development
    ABN AMRO Mellon Global Securities Services

    Throughout her 20+-year career in the financial services industry, Ms White has specialised in client relationship management, proprietary financial modelling, corporate investments and P&L reporting, as well as strategic and product development. In 1995, Kerry joined Mellon Financial Corporation, where she was employed as a Senior Relationship Manager for large corporate pension funds until 1999. In 1999, Ms. White relocated to Amsterdam to join ABN AMRO Mellon where she focused on Strategic and Business development for several years.

    As ABN AMRO Mellon's Head of Multinational Business and Product Development, Ms White's current area of focus is working with large multinationals to create solutions for global asset and pension management. She is a frequent speaker on the topics of sustainability of pensions, pan-European asset pooling, and cross-border funds distribution. Ms White has published numerous articles on topics related to Multinationals, and the Financial Services Industry. She is frequently quoted in Funds Europe, European Pensions & Investment News, Global Custodian Magazine, FTSE Global Markets, Investor Services Journal, The Netherlands Pensions News, Investment and Pensions Europe, and the Financial Times.



    Gavin Nangle

    Head of Business Development
    State Street



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