The Global Interdependence Center is hiring a Manager of Marketing and Communication. Learn more on our website at www.interdependence.org or email jfornito@interdependence.org for questions.

Register to join Session III of GIC’s upcoming series, Ukraine: One Year Later. We invite you to join us in person or virtually March 23-24, 2023 to explore U.S. and world bonds, world stock markets, food and famine, oil and gas, and how monetary policymakers deal with spillover effects from food, energy, and geopolitical shocks following the 2022 invasion of Ukraine through panels through two days of panel discussions.

This Session will consider the depth of market reactions in the world’s bond markets, stocks markets, and other markets of various types. Day two will dive deep into the food and famine outcomes inflicted by Putin’s war on the world and its implications. There will be an examination of the energy issues, including impacts on oil and gas and the market effects from this war. Lastly, Catherine L. Mann, Ph.D., Member of the Monetary Policy Committee of the Bank of England, will discuss the spillover effects of the war on policymakers and offer observations as a sitting central banker. A former Polish central banker and World Bank executive will join the discussion. Bloomberg’s Michael McKee will join in moderating that discussion. 

Ukraine: One Year Later is a four-part series examining the impact of the war in Ukraine hosted in partnership with the University of South Florida Sarasota Manatee, and the Florida West Coast Chapter of the Air and Space Forces Association. This hybrid series will take place virtually and in-person between February – April in 2023, and cover themes such as the military-geopolitical outlook, the financial-economic arena, implications on agriculture, cybersecurity, and world trade.

The conference series is co-chaired by Major General David Scott Gray, US Air Force (retired) and David R. Kotok, Chairman and CIO, Cumberland Advisors. They are developing the program so it blends the finance and economics issues of Russia-Ukraine with the military and defense components. This is the second year of the series following a successful and quickly assembled first year held shortly after Russia invaded. The events will be held in-person at the Selby Auditorium at the University of South Florida Sarasota – Manatee and virtually via zoom.

Click here for a two-day agenda and to register.

In the post-COVID environment, the number of debt-distressed countries has increased, and several are in default (Chad, Sri Lanka, Suriname, and Zambia). Despite developing policy initiatives to address Low-Income Countries (LICs) defaults and help with efficient debt restructuring processes, resolving these countries’ debt episodes have been slow and ad hoc so far. Until now, defaults occurred under a relatively low global interest rate environment and benign US dollar levels. Rising interest rates and the strengthening of the US dollar may create conditions that accelerate sovereign debt restructurings, particularly of LICs. 

This conference, now in its sixth year, intends to shed some light on issues of preparedness of sovereign debt stakeholders of countries as the economic climate is changing and will debate options based on the views of prominent policymakers, private creditors, and members of multilateral organizations. We invite you to join us at Drexel University’s LeBow College of Business on Thursday, February 23, 2023.

Click here to register.

Agenda
8:30 - 9:00 .am. | Registration
9:00 – 9:05 a.m. | Welcoming Remarks

• George Tsetsekos, Francis Professor of Finance and Dean Emeritus Drexel’s LeBow College of Business

 9:05 – 10:05 a.m. | Session I

• Trends and Developments in Global Debt and Sovereign Debt Restructuring
  • Mark Flanagan, Deputy Director of the Strategy, Policy, and Review Department, International Monetary Fund
• Legal Policies in the IMF Sovereign Debt Restructuring Framework and Issues in Debt Resolution
  • Yan Liu, Deputy General Counsel in the Legal Department, International Monetary Fund
• Credit Rating Agencies’ Overview of Debt and Recent Sovereign Debt Restructurings
  • Elena Duggar, Managing Director – Chief Credit Officer Americas, and Chair of Macroeconomic Board, Moody’s Investors Service

 10:05 – 10:50 a.m. | Session II

• Is the Prevailing Sovereign Debt Restructuring Architecture Adequate for Facing Current and Future Restructuring Challenges?
  • DeLisle Worrell, Former Governor of the Central Bank of Barbados

10:50 – 11:00 a.m. | Break
11:00 – 11:45 a.m. | Session III

• Identifying Market Issues in Recent Sovereign Debt Restructurings
  • Thor Jonasson, Deputy Division Chief, Debt Capital Markets Division, International Monetary Fund
  • James Knight, Senior Financial Sector Expert, International Monetary Fund
• Approaches in Advising Sovereign Debtors and Creditors during Sovereign Debt Restructurings
  • Rafael Molina, Managing Partner, New state Partners

 11:45 – 11:55 a.m. | Break
 11:55 a.m. – 12:55 p.m. | Session IV

• Investors’ Considerations given Recent Debt and Sovereign Debt Restructuring Developments
  • Federico Sequeda, Head of Country Research & Portfolio Manager, Morgan Stanley Investment Management
• Challenges in Handling Sovereign Debt Restructurings
  • Liam Localio, Managing Director, Farallon Capital Management
• Analytical Aspects of Sovereign Debt Restructurings
  • Tamon Asonuma, Economist in the Strategy Policy and Review Department, International Monetary Fund

12:55 – 1:00 p.m. | Concluding Remarks

• Michael G. Papaioannou, TA Expert Advisor, International Monetary Fund and Senior Visiting Scholar and Professor, LeBow College of Business, Drexel University

Register to join Session I of GIC’s upcoming series, Ukraine: One Year Later. We invite you to join us in person or virtually on February 16-17, 2023 to explore investment implications, the defense budget, and the role of the financial system and Central Banks in the war following the 2022 invasion of Ukraine through two days of panel discussions. Joining us for Keynote Remarks will be Loretta J. Mester, Ph.D., President, and CEO of the Federal Reserve Bank of Cleveland.

This two-day meeting will be held in person and virtually. It will address monetary policy issues and financing issues related to the federal budget and defense expenditures. There will also be a session on financial market reactions and implications of the Russian invasion of Ukraine. The opening series will include a military update by a retired supreme allied American commanding general, General Philip M. Breedlove, Commander, Supreme Allied Command, Europe, of the United States Air Force.

Click here for a full two-day agenda.

Crypto! Is it money, a revolution in financial services and asset management, or a new investible asset class? Join us on Friday, February 10, 2023, as we pursue answers and insights with Christopher J. Waller, Ph.D., Member of the Board of Governors of the Federal Reserve System, and Patrick T. Harker, Ph.D., President & CEO of the Federal Reserve Bank of Philadelphia, and a powerful group of experts from Fidelity, Verus Consulting, WisdomTree, Coinbase and more.

GIC is delighted to once again partner with the University of California, San Diego Rady School of Management to bring our in-person programming to our members and friends in California.

Agenda:

8:45 a.m. | Registration and Coffee

9:15 a.m. | Welcoming Remarks

• Stephen Sexauer, Chief Investment Officer, San Diego County Employees Retirement Association and GIC Advisory Council Member

9:30 a.m. | Session I: A Conversation with Governor Christopher Waller on Digital Assets

• Christopher J. Waller, Ph.D., Member of the Board of Governors of the Federal Reserve System
• Moderator: David E. Altig, Ph.D., Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta and GIC Advisory Council Member

10:15 a.m. | Break

10:30 a.m. | Session II: Decentralized Finance: What is Defi? Why does it matter?

• Will Peck, Head of Digital Assets, WisdomTree
• Anthony Bassili, Head of Asset Allocators, Coinbase
• Jim Bianco, President and Macro Strategist, Bianco Research, L.L.C.
• Moderator: Donald Rissmiller, Founding Partner, and Chief Economist, Strategas and GIC Board Member

11:15 a.m. | Session III: Crypto as an Investment: A new asset class? A speculative asset?

• William Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC
• Ian Toner, Chief Investment Officer, Verus Investments
• Tom Jessop, President, Fidelity Digital Assets
• Moderator: Michael Melvin, Ph.D., Executive Director, Master of Finance Program and Pacific Center for Asset Management, UCSD

12:00 pm | Networking Lunch in the Courtyard 

1:00 pm | Keynote Speech

• Patrick T. Harker, Ph.D., President and Chief Executive Officer, Federal Reserve Bank of Philadelphia
• Moderator: William Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC

2:00 p.m. | Session IV: Productivity in the age of Crypto: “Everywhere but the productivity numbers”

• Holly Wade, Executive Director, NFIB Research Center GIC Board Member
• Mark P. Mills, Senior Fellow at the Manhattan Institute and a Faculty Fellow at Northwestern McCormick School of Engineering and Applied Science
• Laura Speake, Chief Economist, Caterpillar, Inc.
• Leland R. Miller, Chief Executive Officer, China Beige Book International

3:00 p.m. | Conclusion

• Stephen Sexauer, Chief Investment Officer, San Diego County Employees Retirement Association and GIC Advisory Council Member

GIC is pleased to invite you to join Utah Business and Utah’s business community on November 17th at the Hyatt Regency as we discuss the economic future at the annual Utah Business Economic Outlook Summit. This business summit promises to take a deep dive into the discussions shaping our economy, including future business growth, investing in the next generation of startups, creating an economic landscape that is more inclusive and welcoming to incoming populations, and designing our cities for the future.
This in-person economic outlook event will see 700+ attendees and feature speakers from the business, tech, entrepreneurial, and city planning industries. The day will be filled with keynote speakers, informative breakout sessions, and networking opportunities.

 
Click here to register with Utah Business. Use code GICVIP22 for a $25 discounted ticket!

Since the 2015 Paris Agreement, various efforts have aimed at developing a comprehensive climate policy based on relevant data, disclosures, and approaches. Despite the efforts of the G20 Sustainable Finance Working Group, the climate policy agenda still appears fuzzy, and the consequences of climate events on countries, businesses, and financial portfolios remain distressing.

This conference intends to shed some light on outstanding climate-related issues and the economic and societal consequences of climate-related initiatives. In addition to economic matters, the conference speakers will highlight corporate and financial market developments relating to ESG and green finance and explore viable sustainability proposals going forward.

We invite you to join GIC on Tuesday, November 15, 2022, to celebrate 40 years of our Annual Monetary & Trade Conference! This year’s event will explore climate-related issues and include the dedication of our Global Citizen Award to GIC Board Member and continued Chair of the AMT, George Tsetsekos, Francis Professor of Finance, and Dean Emeritus Drexel’s LeBow College of Business. Joining us as a keynote speaker is Patrick Harker, the President, and CEO of the Federal Reserve Bank of Philadelphia.


Session topics include:

• The Impact of Climate Risk on Food Production and Prices
• Role of Tech in Incentivizing Emissions Reductions
• The Macroeconomic Consequences of Climate Change

 

About the Global Citizen Award: This award is given to individuals who have provided substantial support to GIC and its mission. Recipients of this award have demonstrated in their business or personal lives a commitment to the principles outlined in our Declaration of Interdependence and have been strong advocates of GIC’s efforts to encourage the development of worldwide communities through increased knowledge, understanding, and partnership.

 
Tribute Options
We invite you to support GIC by placing a congratulatory message or company ad in our tribute booklet by Tuesday, November 8. Please find the details on message pricing below:

Congratulatory Messages/Tribute Book:

• Full-Page Message: $1000
• Half-Page Message: $500
• Quarter-Page Message: $250

The Global Interdependence Center is partnering with Rowan University for an upcoming conference on Environmental, Social, and Corporate Governance (ESG). Together we invite you to register to join us on Friday, October 14, 2022.

Agenda

7:45 – 8:30 a.m. | Registration and Coffee
8:30 – 845 a.m. | Welcoming Remarks

• Ali Houshmand, Ph.D., President of Rowan University and GIC Board Member
• William Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC

8:45 – 9:30 a.m. | What is ESG?

• Jordan Howell, PhD, Associate Professor of Sustainable Business, Rowan University
• Moderator: Jordan Moore, Ph.D. Assistant Professor of Finance, Rohrer Business College at Rowan University

9:30 – 10:30 a.m. | Governance: The Fed and ESG

• David Altig, PhD, Director of Research, Federal Reserve Bank of Atlanta
• Moderator: Michael McKee, International Economics and Policy Correspondent, Bloomberg Television

10:30 a.m. | Break
10:45 – 11:45 a.m. | Environmental: The Science Behind Climate Change

• Ken Lacovara, PhD, Professor of Paleontology and Geology, Rowan University
• Bob Bunting, CEO, Climate Adaptation Center
• Moderator: William Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC

11:45 a.m. – 12:30 p.m. | Social: Impacts and Integration of ESG in Healthcare

• Annette Reboli, MD, Dean, Cooper Medical School of Rowan University
• Rayna M. Letourneau, PhD, RN, Interim Executive Director, Florida Center for Nursing, Founding Director of WIRES™ and Assistant Professor, University of South Florida College of Nursing
• Moderator: Peter Gold, Esq., Principal, TheGoldGroup, LLC and Chair of the GIC College of Central Bankers

12:30 – 1:45 p.m. | Lunch
1:45 – 2:30 p.m. | ESG: A Risk Management Perspective

• Jennifer Waldner, Chief Sustainability Officer, AIG
• Moderator: Lisa McIntire Shaw, Founding Partner, Cygnus Asset Management, LLC and GIC Vice Chair of Programming

2:30 – 3:30 p.m. | Investment Implications of ESG Investing

• Perth Tolle, Founder, Life + Liberty Indexes
• Patty Healy, Senior Vice President of Research and Portfolio Manager, Cumberland Advisors
• John Mousseau, President, Chief Executive Officer & Director of Fixed Income, Cumberland Advisors
• Moderator: Lisa McIntire Shaw, Founding Partner, Cygnus Asset Management, LLC and GIC Vice Chair of Programming

3:30 p.m. | Break
3:45 – 4:30 p.m. | Governance: A Conversation on Corporate Governance/ESG

• Jaynee LaVecchia, Former New Jersey Supreme Court Justice
• Michael Zezas, Managing Director, Head of U.S. Public Policy Research & Municipal Credit Strategy, Morgan Stanley
• Moderator: David Kotok, Chairman & Chief Investment Officer, Cumberland Advisors and GIC Board Member

4:30 p.m. | Concluding Remarks

• Susan Lehrman, Ph.D. Dean, Rohrer Business College at Rowan University

The Global Interdependence Center’s College of Central Bankers is partnering with the Desmarais Global Finance Research Centre at the Desautels Faculty of Management at McGill University for the upcoming Desmarais Global Finance Lecture on September 28, 2022. Our presenters will include leading financial researchers, and policy and decision makers, in addition to our keynote speaker, Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance of the Graduate School of Business, Stanford. We invite you to join us to explore Central Bank Digital Currency (CBDC) and other timely topics.

Included with registration, GIC Members are invited to a private reception & dinner at Bar George immediately following the conference.

Agenda

8:30 a.m. | Registration and Coffee
9:00 a.m. | Welcoming Remarks

• Yolande E. Chan, Dean of the Desautels Faculty of Management
• William Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC

9:15 a.m. | Morning Keynote: CBDCs from a Functional Perspective

• Miguel Diaz, Head, BIS Innovation Hub, Toronto

9:45 a.m. | Coffee Break
10:00 a.m. | Academic Session: Will Central Bank Digital Currency Disintermediate Banks?

• Yufeng Wu, Associate Professor of Finance, Shebik Faculty Fellow, Gies College of Business, University of Illinois at Urbana-Champaign
• Discussant: Alfred Lehar, Associate Professor of Finance, Haskayne School of Business, University of Calgary

10:45 a.m. | Coffee Break
11:00 a.m. | Academic Session: Best Before? Expiring Central Bank Digital Currency and Loss Recovery

• Maarten van Oordt, Associate Professor, School of Business and Economics, Finance, VU Amsterdam.
• Discussant: Katrin Tinn, Assistant Professor of Finance, Desautels Faculty of Management, McGill University

11:45 a.m. | Lunch at the McGill Faculty Club 
1:00 p.m. | Afternoon Keynote: CBDCs and Other Ways to Upgrade Our Payment Systems

• Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University

1:45 p.m. | Afternoon Keynote: Panel Discussion

• Paul Chilcott, Advisor to the Governor, Bank of Canada
• Miguel Diaz, Head, BIS Innovation Hub Toronto
• Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
• Moderator: Brian Gelfand, Senior Advisor, Digital Assets and Financial Market Infrastructure Lead, E&Y

2:30 p.m. | Coffee Break
2:45 p.m. | Final Panel: Outlook & Perspectives

• Jim Cunha, Executive Vice President of Secure Payments and FinTech at the Federal Reserve Bank of Boston
• Adrian Docherty, Head of Bank Advisory, BNP Paribas
• Glenn Goucher, Executive Advisor, Tetra Trust Company, former President of CDS and CDCC
• Moderator: Kathleen Stephansen, Chair Emeritus of GIC, Senior Economist for Haver Analytics, and Trustee of EQAT Trust Funds

3:30 p.m. | Closing Remarks

• Lisa McIntire-Shaw, Vice Chair of Programs of GIC and Founding Partner of Cygnus Asset Management, LLC
• David Schumacher, Associate Professor of Finance, Desautels Faculty Scholar, Director, Desmarais Global Finance Research Center, Desautels Faculty of Management, McGill University

Travel and Covid Details

Guests traveling from outside of Canada must use ArriveCAN to provide mandatory travel and public health information before and after your entry into Canada. Click here to download the app.
Click here for Coronavirus regulations and information at McGill University.

The GIC is pleased to host this virtual briefing on the promise and perils of business start-ups. The event will focus on how entrepreneurs, and college students engaging in entrepreneurial endeavors, survive and thrive in normal economic conditions and during the era of Covid-19. Join us as we welcome our speakers, Troy D’Ambrosio, Executive Director, Lassonde Entrepreneur Institute and assistant dean at the David Eccles School of Business at the University of Utah and Noam Wasserman, Dean of Sy Syms School of Business at Yeshiva University. This event is held in partnership with Yeshiva University and in memory of David Drelich, MD, CFP.
 

Click here for complimentary registration.