ÃÛ¶¹ÊÓƵ

ÃÛ¶¹ÊÓƵ Asset Management celebrates the 31^st anniversary of the Reserve Management Seminar (RMS).

Date: Sunday 22 June – Friday, 27 June 2025

Location: ÃÛ¶¹ÊÓƵ Conference Center Wolfsberg, Wolfsbergstrasse 15, 8272 Ermatingen, Switzerland

For over three decades, ÃÛ¶¹ÊÓƵ has hosted one of the industry’s longest running and most successful events. Bringing together around 60 institutions from 40+ countries, the RMS has evolved into a premier platform for in-depth discussions on key economic and market developments.

In 2025, we will once again welcome leading experts and policymakers to explore pressing global challenges, including:·

• Trump 2.0: What are the implications for the global economy? Will growth continue despite tariffs and geopolitical tensions?
• Europe’s crossroads: Can long-awaited reforms materialize amid economic and political challenges?
• Investment strategies: Should central banks extend duration in their fixed income portfolios? Will equity markets sustain their rally?
• The USD’s dominance: Will it remain the global reserve currency, or will diversification accelerate?
• Gold reserves: Will central banks continue adding gold to their portfolios?
• Sovereign debt: How are sovereigns and issuers navigating rising debt levels?
• Future trends: The latest developments in sustainable investing, CBDCs and AI.

A distinguished lineup of global experts and ÃÛ¶¹ÊÓƵ thought leaders will provide their insights, including: Axel A. Weber, former Chairman of the ÃÛ¶¹ÊÓƵ Board of Directors and Jacob Frenkel, former Governor of the Bank of Israel, discussing monetary policy shifts; Paul Donovan, Global Chief Economist at ÃÛ¶¹ÊÓƵ, offering his latest insights on inflation trends; Massimiliano Castelli, Head of Strategy for Sovereign Institutions at ÃÛ¶¹ÊÓƵ Asset Management, presenting key findings from the 31st ÃÛ¶¹ÊÓƵ RMS Survey. An additional range of high-level policy makers from international institutions, central banks and other sovereign institutions, sharing perspectives on the global economic and financial landscape.

We hope you will join us for another insightful and thought-provoking seminar.