FT Commodities Global Summit 2014
 
 
31/03/2014
18:30 - 19:45Welcome Drinks Reception

01/04/2014
08:00 - 09:00Registration
09:00 - 09:40Opening Keynote Interview - The view from ADM
Juan R. Luciano, President and Chief Operating Officer, Archer Daniels Midland Company
Moderator: Lionel Barber, Editor, Financial Times

Archer Daniels Midland is one of the world’s largest commodities processors, supplying food, fuel and feed to millions of people and companies around the world. In that process, ADM connects farmers and consumers across complex supply chains that stretch thousands of kilometers. Moreover, ADM is a pioneer of public markets among commodities traders, having listed its shares nearly a century ago.

09:40 - 10:40Global Economy and Commodities Outlook
Moderator: Martin Wolf, CBE, Chief Economics Commentator, Financial Times
Keynote Speaker: Martin Wolf, CBE, Chief Economics Commentator, Financial Times
Marco Alverà, CEO, Eni Trading & Shipping
Paul D Conway, OBE, Vice-Chairman, Cargill Inc.
Brett Olsher, Co-Head of Global Natural Resources, Goldman Sachs

More than five years since the start of the global financial crisis, the world economy is still licking its wounds. While economic growth is gaining momentum in the US and other industrialised countries, key emerging markets have slowed. Most importantly, China’s GDP growth has fallen back from torrid annual rates above 10 per cent to a new level of around 7 per cent. The panel will review the outlook for the global economy in 2014, and its likely impact on commodities markets.

10:40 - 11:10Networking Break
11:10 - 12:30The CEOs Debate
Moderator: Lionel Barber, Editor, Financial Times
Yusuf Alireza, CEO, Noble Group
Christopher Delbrück, CEO, E.On Global Commodities
Paul Reed, CEO, BP Integrated Supply and Trading
Soren Schroder, CEO, Bunge Limited
Ian Taylor, President and CEO, Vitol Group
Torbjörn Törnqvist, CEO, Gunvor Group

The chief executives of six of the world’s largest commodities traders discuss the outlook for the industry.

12:30 - 14:15Networking Lunch
14:15 - 15:00View from the Top
Mark Cutifani, CEO, Anglo American
Ivan Glasenberg, CEO, GlencoreXstrata

Lionel Barber, Editor of the Financial Times, interviews two leading chief executives.

15:00 - 16:00Commodities Powerhouse: The Former Soviet Union
Keynote Speaker: Vitaly Vasiliev, CEO, Gazprom Marketing & Trading
Pavel Fedorov, First Deputy CEO - Executive Director, Norilsk Nickel
Swithun Still, Director, Solaris Commodities S.A.
Mr John Whittaker, Head of Commodities, Clyde & Co
Moderator: Jack Farchy, Moscow and Central Asia Reporter, Financial Times

Almost 25 years after the fall of the Berlin Wall, the countries that once formed part of the Soviet Union are a key source of commodities, from wheat in the plains of Kazakhstan to oil in Azerbaijan and from nickel in Russia’s Siberia to natural gas in Turkmenistan. The former Soviet Union is today the home of some of the world’s top natural resources companies, including Rosneft, Rusal, Norilsk, Kazakhmys, Socar and Gazprom. And energy, metals and agricultural traders are fighting for market share in a region that is set to become even more important in the next decade.

16:00 - 16:30Networking Break
16:30 - 17:30Transparency / Responsibility in Commodities Markets
Keynote Speaker: Yves Rossier, State Secretary, Federal Department of Foreign Affairs, Switzerland
Marco Dunand, CEO, Mercuria
Peter Eigen, Member of the, Africa Progress Panel
Michiel Soeting, Global Chairman Energy, Natural Resources, KPMG
Moderator: Javier Blas, Founder, FT Commodities Global Summit

Commodities traders and producers are now more than ever in the spotlight. Raising public capital for the first time has forced unprecedented disclosure on many of the largest players in an industry best known for its secrecy. At the same time, governments have stepped up a drive for openness that began with the launch of the Extractive Industries Transparency Initiative in 2002. Is the move towards greater transparency changing behavior in the natural resources industry?

17:30 - 18:30Close
18:30 - 19:30Summit Dinner
Lionel Barber, Editor, Financial Times
Margarita Louis-Dreyfus, Chairperson, Louis Dreyfus Holding

02/04/2014
09:15 - 09:30Opening remarks from the Chair
09:30 - 10:30Private Capital and Commodity Supply Chains
Keynote Speaker: Marcel van Poecke, Managing Director, Carlyle International Energy Partners
Michel Antakly, Managing Director, Morgan Stanley
Jan-Maarten Mulder, Global Head of Commodities, ABN Amro
David Silbert, CEO, TrailStone Group
Moderator: Neil Hume, Commodities Editor, Financial Times

Private pools of money, from sovereign wealth funds to pension funds and private equity groups, are financing the creation of new commodity supply chains, linking oil fields, mines and power plants with consumers. As raising money from public capital markets becomes ever harder, the role of private capital is becoming increasingly important. Trading houses are playing a key role in intermediating between cash-rich investors and entrepreneurs.

10:30 - 11:30Basel III Reshapes Commodity Trade Finance
Keynote Speaker: Jean-François Lambert, Global Head of Commodity and Structured Trade Finance, HSBC Holdings plc
Vinod Aachi, Global Head, Structured Trade Finance & Financing Solutions, Standard Chartered Bank
Graham Donnell, Director and Group General Counsel, Stemcor
Christophe Salmon, CFO, Europe, Middle East and Africa, Trafigura
Moderator: Neil Hume, Commodities Editor, Financial Times

The eurozone banking crisis of 2011-12 was a rollercoaster for the trading industry as the banks that have traditionally dominated commodity trade finance cut lending to beef up their balance sheets. Since then, the industry has recovered, but a new risk is on the horizon. With commodities prices still at historically elevated levels and trading volumes rising, the commodities trading industry is more reliant than ever on the growing pool of banks that supply huge bilateral and syndicated loans. But the threat of a higher cost of capital for commodity trade finance assets under new Basel III regulations could mark a watershed for the entire industry.

11:30 - 12:00Networking Break
12:00 - 13:00The CFOs Roundtable
Shekhar Anantharaman, CFO, Olam International Ltd
Jeffrey Dellapina, CFO , Vitol Group
Pierre Lorinet, CFO, Trafigura Pte Ltd
Guillaume Vermersch, Group CFO, Mercuria Energy Group
Moderator: Javier Blas, Founder, FT Commodities Global Summit

The commodities trading industry is one of the most capital intensive of all. And trading houses are increasingly taking on long-term obligations as move away from their traditional role as middlemen to invest in assets. How are the funding sources for the industry evolving? And how will the industry – and the commodity markets – cope with a rise in interest rates? Chief financial officers of four of the world’s largest commodities groups discuss the outlook for the industry.

13:00 - 14:00Close and Lunch