We are constantly updating our agenda. Please check back regularly for the latest additions to our agenda and speakers.

Sunday, 22 June 2025

Time

Time

Session title

Session title

Name, Title, Location

Name, Title, Location

Time

11:30 a.m. CET

Session title

Guest arrival and check in, refreshments

Name, Title, Location

ÃÛ¶¹ÊÓƵ Reception Desk in the Lobby

Time

19:30 p.m. CET

Session title

Welcome to the 31st Reserve Management Seminar followed by drinks & casual dinner

Name, Title, Location

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Monday, 23 June 2025

Time

Time

Session title

Session title

Name, Title, Location

Name, Title, Location

Time

9:00 a.m. CET

Session title

FX Reserve Management Trends

Name, Title, Location

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Pierre Cardon
Senior Strategist, Asset Management, Bank for International Settlement, Basel

Time

10:15 a.m. CET

Session title

Coffee Break

Name, Title, Location

Coffee corner on ground floor

Time

10:45 a.m. CET

Session title

Fireside chat: Geopolitics

Name, Title, Location

Preston Keat
Head Country Risk, ÃÛ¶¹ÊÓƵ

John Nolan
Senior Global Government Affairs Advisor, ÃÛ¶¹ÊÓƵ, Washington, DC (virtually)

Philipp Salman
Strategy and Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

11:45 a.m. CET

Session title

Short Break

Name, Title, Location

N/A1

Time

12:00 p.m. CET

Session title

Group Photo

Name, Title, Location

Indoor or Outdoor

Time

12:30 p.m. CET

Session title

Lunch

Name, Title, Location

Parquinhouse - conference restaurant
Lunch will take place indoor or outdoor depending on the weather

Time

14.30 p.m. CET

Session title

Global Economic and Financial Outlook 2025

Name, Title, Location

Barry Gill
Head of Investments, ÃÛ¶¹ÊÓƵ Asset Management, New York (virtually)

Arend Kapteyn
Economist, ÃÛ¶¹ÊÓƵ Investment Bank

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

15:30 p.m. CET

Session title

Keynote: TBC

Name, Title, Location

Paul Donovan
Global Chief Economist, ÃÛ¶¹ÊÓƵ Wealth Management, London

Time

16:15 p.m. CET

Session title

Short Break

Name, Title, Location

N/A1

Time

16:30 p.m. CET

Session title

Fireside Chat: The state of the Global Economy

Name, Title, Location

Michael Spence
Professor and Dean, Emeritus, Stanford Graduate School of Business Nobel Prize in Economics, 2021(virtually)

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

17:15 p.m. CET

Session title

Day One Conclusion

Name, Title, Location

N/A1

Time

17:30 p.m. CET

Session title

Guided Tour Wolfsberg 1. Slot 30’

Name, Title, Location

N/A1

Time

18:00 p.m. CET

Session title

Guided Tour Wolfsberg 2. Slot 30’

Name, Title, Location

N/A1

Time

19:00 p.m. CET

Session title

Drinks and dinner

Quiz Night after dinner

Name, Title, Location

N/A1

1. N/A - Not available

Tuesday, 24 June 2025

Time

Time

Session title

Session title

Name, Title, Location

Name, Title, Location

Time

09.15 a.m. CET

Session title

Keynoe speech: TBD

Name, Title, Location

Manoj Pradhan
Talking Heads Macroeconomics, London

Time

09.45 a.m. CET

Session title

Keynote speech: TBD

Name, Title, Location

TBD

Time

10:30 a.m. CET

Session title

Coffee break

Name, Title, Location

Coffee corner on ground floor

Time

11:00 a.m. CET

Session title

TBD

Name, Title, Location

TBD

Time

11:45 p.m. CET

Session title

Lunch

Name, Title, Location

Parquinhouse - conference restaurant
Lunch will take place indoor or outdoor depending on the weather

Time

13:15 p.m. CET

Session title

Keynote speech: European renaissance. Is the investors’ optimism justified?

Name, Title, Location

Kalin Anev Janse
Member of the Management Board, Chief Financial Officer, European Stability Mechanism

Time

14:30 p.m. CET

Session title

Can the Euro Compete with the USD as a Global Safe Haven?

Name, Title, Location

Kalin Anev Janse
member of the Management Board, Chief Financial Officer, European Stability Mechanism

Felix Huefner
European Economist, ÃÛ¶¹ÊÓƵ Investment Bank, Frankfurt

De-Bock, Reinout
head of European Rate Strategy, ÃÛ¶¹ÊÓƵ Investment Bank, London

Massimiliano Castelli
Head of Strategy and Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

15:30 p.m. CET

Session title

Coffee Break

Name, Title, Location

Coffee corner on ground floor

Time

16:00 p.m. CET

Session title

Fireside chat: Where are we with sustainability?

Name, Title, Location

Lucy Thomas
Head of Sustainability Investing, ÃÛ¶¹ÊÓƵ Asset Management, Zurich

Massimiliano CastelliÌý
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Time

16:45 p.m. CET

Session title

Day two conclusion

Name, Title, Location

N/A1

Time

17:15 p.m. CET

Session title

Chocolate Workshop (optional)

Name, Title, Location

Parquinhouse – 1st Floor

Time

19:00 p.m. CET

Session title

Drinks and Dinner

Name, Title, Location

Dinner at the Parquinhouse, followed by drinks at the Remise

1.ÌýN/A - Not available

Wednesday, 25 June 2025

Time

Time

Session title

Session title

Name, Title, Location

Name, Title, Location

Time

09: 15 a.m. CET

Session title

Keynote Speech

Name, Title, Location

William C. Dudley
Ex-President Federal Reserve New York (virtually)

Time

10:00 a.m. CET

Session title

Coffee Break

Name, Title, Location

N/A1

Time

10:30 a.m. CET

Session title

Central banking and Monetary Policy in the era of global fragmentation

Name, Title, Location

Jacob A. Frenkel
Chairman of the Board of Trustees of the Group of Thirty (G30) and former Governor, Bank of Israel

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Paul Tucker
Ex-Deputy Governor of the Bank of England

Ìý

Time

11:45 a.m. CET

Session title

Lunch

Name, Title, Location

Parquinhouse - conference restaurant
Lunch will take place indoor or outdoor depending on the weather

Time

13:30 p.m. CET

Session title

Keynote speech

Name, Title, Location

André Mueller-Wegner
Head of Client Coverage, ÃÛ¶¹ÊÓƵ Asset Management, Zurich

Time

14:00 p.m. CET

Session title

Trump and the global financial architecture: What if Trump pulls out form the IMF and World Bank?

Name, Title, Location

Marc Uzan
Reinventing Bretton Woods Committee

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

14:30 p.m. CET

Session title

Keynote Speech: Central Bank Independence and Democracy in the Modern Age

Name, Title, Location

Christina Skinner
Co-Director, Wharton Initiative on Financial Policy and Regulation (virtually)

Time

15:15 p.m. CET

Session title

Coffee Break

Name, Title, Location

Coffee corner on ground floor

Time

15:45 p.m. CET

Session title

Keynote speech: CDBCs versus stable coins, Europe versus the US

Name, Title, Location

Ousmene Jacques Mandeng
Founder and CEO Wire Coin SAS, Visting Fellow, School of Public Policy, LSE

Time

16:30 p.m. CET

Session title

Central Banks Digital Currencies

Name, Title, Location

Christina Skinner
Co-Director, Wharton Initiative on Financial Policy and Regulation (virtually)

Ousmene Jacques Mandeng
Founder and CEO Wire Coin SAS, Visting Fellow, School of Public Policy, LSE

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

17:15 p.m. CET

Session title

Day three conclusion

Name, Title, Location

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)Ìý

Time

18:00 p.m. CET

Session title

Departure for external dinner venue

Name, Title, Location

N/A1

Time

19:00 p.m. CET

Session title

Drinks and Dinner

Name, Title, Location

N/A1

1.ÌýN/A - Not available

Thursday, 26 June 2025

Time

Time

Session title

Session title

Name, Title, Location

Name, Title, Location

Time

08:30 a.m. CET

Session title

Fireside Chat: FX Reserve Investment Strategies

Name, Title, Location

Christoph Maron
Head of Trading Asset Management, Swiss National Bank

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Time

09:15 a.m. CET

Session title

Fixed Income Outlook: Time to extend duration in global government bond portfolios?

Name, Title, Location

Matthias Dettwiller
Head of Fixed Income, ÃÛ¶¹ÊÓƵ Asset Management, Zurich

Jonas Klink
Head of Covered Bonds, SSAs and Euro Government Trading, ÃÛ¶¹ÊÓƵ IB, London

Christoph Theis
Swiss National Bank

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

10:15 a.m. CET

Session title

Coffee Break

Name, Title, Location

Coffee corner on ground floor

10:45 a.m. CET

US Corporates: A perspective from public and private markets

David Vignolo
Head of US Investment Grade Corporates, Fixed Income, ÃÛ¶¹ÊÓƵ Asset Management, New York

Christopher Kempton
Global Head Client Portfolio Management, Credit Investment Group, ÃÛ¶¹ÊÓƵ Asset Management, New York

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Ìý

Ìý

Time

11:30Ìý a.m. CET

Session title

Gold Outlook: Central banks continue to accumulate gold. How far can it go?

Name, Title, Location

Joni Teves
Precious Metal Specialist, ÃÛ¶¹ÊÓƵ Investment Bank, London

Philipp Salman
Strategy and Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management (Moderator)

Time

12:15 p.m. CET

Session title

Lunch

Name, Title, Location

Parquinhouse - conference restaurant
Lunch will take place indoor or outdoor depending on the weather

Time

13:45p.m. CET

Session title

AI and Portfolio Management

Name, Title, Location

Matthias Uhl
Head of Analytics and Quant Solutions, ÃÛ¶¹ÊÓƵ Asset Management

Time

14:30 p.m. CET

Session title

Emerging Markets: navigating global tariffs

Name, Title, Location

Shamaila Khan
Head of Global Emerging Markets and Asia Pacific Fixed Income, ÃÛ¶¹ÊÓƵ AM, New York

Urs Antonioli
Head of Asia and EM Equity, ÃÛ¶¹ÊÓƵ Asset Asse Management, Zurich

Willem van Breugel
Global Head, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Time

15:00 p.m. CET

Session title

Coffee Break

Name, Title, Location

N/A1

Time

15:30 p.m. CET

Session title

Emerging Markets: navigating global tariffs

Name, Title, Location

Shamaila Khan
Head of Global Emerging Markets and Asia Pacific Fixed Income, ÃÛ¶¹ÊÓƵ AM, New York

Urs Antonioli
Head of Asia and EM Equity, ÃÛ¶¹ÊÓƵ Asset Asse Management, Zurich

Willem van Breugel
Global Head, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Time

16:00Ìýp.m. CET

Session title

Keynote: The New Rule of Investing: Essential Wealth Strategies for Turbulent Times

Name, Title, Location

Mark Haefele
CIO, Wealth Management, Zurich

Time

17:00 p.m. CET

Session title

Day four conclusion

Name, Title, Location

N/A1

Time

19:00 p.m. CET

Session title

Drinks, dinner and conference awards ceremony

Name, Title, Location

N/A1

1.ÌýN/A - Not available

Friday, 27 June 2025

Time

Time

Session title

Session title

Name, Title, Location

Name, Title, Location

Time

08:30 a.m. CET

Session title

FX Reserve Currency Composition: Diversifying away from the USD

Name, Title, Location

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Time

09:00 a.m. CET

Session title

Sovereign Panel: Being the benchmark

Name, Title, Location

Jake Webster
DCM, Global Banking, ÃÛ¶¹ÊÓƵ Investment Bank (Moderator)

Time

09:45 a.m. CET

Session title

Coffee Break

Name, Title, Location

Coffee corner on ground floor

Time

10:15 a.m. CET

Session title

Australian Semi-Government Panel: AUD as a reserve currency

Name, Title, Location

Jose Faiardo
ED, Funding Strategy/Investor Relations, Queensland, Treasury Corporation

Daniel Chandler
Head of Funding & Investor Relations, New South Wales Treasury Corporation

Paul Kelly
Head of Markets, Treasury Corporation of Victoria

Kaylene Gulich
CEO, Western Australia Treasury Corporation

Cameron Lofstedt
Executive Director, SSA Debt Capital Markets ÃÛ¶¹ÊÓƵ Investment Bank

Time

11:00 a.m. CET

Session title

Supra/Agency Panel: Perspectives from multi-currency issuers

Name, Title, Location

Speaker will be announced later

Time

11:45 a.m. CET

Session title

Closing remarks

Name, Title, Location

Massimiliano Castelli
Head of Strategy & Advice, Global Sovereign Markets, ÃÛ¶¹ÊÓƵ Asset Management

Time

12:00 p.m. – 13:30 p.m. CET

Session title

Lunch

Name, Title, Location

Parquinhouse - conference restaurant
Lunch will take place indoor or outdoor depending on the weather

Time

12.00 p.m. CET

Session title

Shuttle bus departs Wolfsberg

Name, Title, Location

Approximate arrival at Zurich AirportÌýat 12:50 p.m. CET. End of transfer services

Time

13:30 p.m. CET

Session title

Shuttle bus departs Wolfsberg

Name, Title, Location

Approximate arrival at Zurich AirportÌýat 14:15 p.m. CET. End of transfer services

© ÃÛ¶¹ÊÓƵ 2025. The key symbol and ÃÛ¶¹ÊÓƵ are among the registered and unregistered trademarks of ÃÛ¶¹ÊÓƵ. All rights reserved. All pictures or images presented herein, are for illustrative purposes only. No relationship, association, sponsorship, or endorsement is suggested or implied between ÃÛ¶¹ÊÓƵ and any landmarks or properties, or with their respective owners, organizations, management, sponsors, investors or patrons.

When accessing the presentation webcast, note that your data may be transferred securely to a third party inside or outside of your country of residence for processing on our behalf. If you have any concerns, do not register online and please contact us.