CONFERENCE 2018

/CONFERENCE 2018

The Rise of China and the End of US Dollar


Will the growing financial position of China, new Yuan Denominated Futures and International Sanctions reduce the usage of US Dollars? How will it affect commodity markets?

Global Trade patterns are always changing and we are living a new transition. The US Dollar has dominated global transactions for a century but its position is now being challenged. China has become a key trading country and is accounting now for the lion share of commodity flows. China has started to use the YUAN for international transactions and has developed commodity futures denominated in YUAN. Commodity traders are now issuing YUAN-denominated bonds in China to raise funds.
Chinese banks becoming more involved in trade and shipping finance. Will the YUAN-Denominated futures become new benchmarks for commodity traders? Will China become a key financial hub for commodity trading and shipping companies?

Chinese state-owned commodity trading companies have grown significantly these past years leading to giant trading groups such as COFCO and UNIPEC. Are these companies now large enough to impose YUAN-denominated contracts or YUAN-based commodity benchmarks? US sanctions have also forced sanctioned countries to use other currencies for international transactions. Will the renewed US sanctions against Iran encourage further use of other currencies such as the Yuan? Is it the start of the decline of the US Dollar as the most used currency for international trade ? How will this affect Commodity trading?

The CTA has decided to explore this thematic during its Annual Conference and will invite a represent of a Chinese State-owned commodity trading company, someone from trade finance, an economist and someone from the Swiss-China chamber of commerce to discuss this topic.

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Speakers

Mr David FYFE
Mr David FYFEIndependent Oil & Gas Economist
David Fyfe has over 30 years’ experience in oil and energy market analysis. Until recently the Chief Economist for trader Gunvor, he guided the Group’s research effort, providing advice for the CEO, senior management and traders and also articulating Gunvor’s view on strategic trends for industrial and financial partners and to outside audiences. Previously, David was Editor of the IEA’s influential monthly Oil Market Report and Head of the IEA’s Oil Industry and Markets Division, in Paris. Prior to that he spent a combined 17 years with major London-based energy consultancies Petroleum Economics Ltd (PEL) and EMC – Energy Market Consultants, advising global clients in the oil, gas, coal and power sectors, as well as investors, financial institutions and governments. His career began in the mid-1980s working with a consortium of North Sea upstream service providers. He has a BSc in Geology & Environmental Sciences, and an MSc in Energy Policy & Economics from Imperial College, University of London.
Mr Vincent GAIGNON
Mr Vincent GAIGNONHead of Forex Trading at Gunvor Group
Vincent Gaignon is a seasoned foreign exchange market professional with over 30 years experience in financial market. He previously worked for Paine Webber, Nat West, GNI, ED&F Man in London and New York. He worked from 1999 to 2006 as an independent asset manager, managing his own and private investors currency portfolio. He was then employed by Addax&Oryx group in 2006 to manage the currency risk exposure and hedge execution; he was also an active adviser of the board, shareholder and a profitable proprietary trader. He has been working at Gunvor since 2015 in a similar position where he launched the FX trading desk operation .
Mr Michael LIN
Mr Michael LINGlobal Head of Wheat Trading at Avere Commodities
Graduated Dartmouth College with BA in Economics in 2010 and went on to start as a commodities analyst for Louis Dreyfus Commodities in Wilton, CT. From 2011 to 2014, moved from Connecticut to Minnesota to Kansas for LDC to learn more about the US grains trade. In 2014, was made the lead analyst for grains research in NAM for LDC but decided to pursue a career in trading which took my career from the US to Cofco Geneva in 2015. In Cofco, worked as a wheat trader on the global wheat desk leveraging the information coming from all the regional offices. And finally in 2017, an opportunity to lead my own team comes about with Avere Commodities SA (a Kernel holding company) as the global head of wheat trading.
Mr Saad RAHIM
Mr Saad RAHIMChief Economist at Trafigura
Saad Rahim is the Chief Economist for Trafigura, one of the world’s largest traders of oil, metals and other commodities.  He is responsible for the company’s views on markets and macroeconomics, including the outlook for Crude Oil, Oil Products and Metals markets, commodity prices, equity and credit markets, and political risk. Prior to joining Trafigura, he was the Chief Economist at BG Group (now Shell), a major integrated oil & gas company, and prior to that Deputy Chief Economist at Chevron Corporation.  Before joining Chevron, Mr. Rahim was an international energy advisor with PFC Energy (now IHS Markit). Mr. Rahim received BA degrees in Economics and Political Science from Stanford University, and attended the Johns Hopkins School of Advanced International Studies (SAIS) for advanced degree work in Economics and Global Energy.
Mr Christophe WEBER
Mr Christophe WEBERPresident of the Board of the Swiss-Chinese Chamber of Commerce

Currently, Secretary General of the Bank of Geneva (BCGE), responsible for overseeing the operational delivery of Group Communications and Marketing, Group Human Resources, Group Legal Services and Group Strategy reporting to Chief Executive Officer. From 2000 to 2003, Mr Weber was political adviser and legislative assistant at the Swiss National Council, focusing on public policy efficiency, monetary policy and foreign policy; then from 2003 to 2005 in charge of government relations for World Economic Forum in Europe. From 2005 to 2007, he was head of Government Relations, then from 2007 to 2008, head of Europe and Central Asia and from 2008 to 2012, head of Greater China and Chief Representative in Beijing, China. Mr Weber holds a MA in Economics and Communication Studies from University of California Los Angeles, a MA in Political Sciences and International Relations, University of Geneva and an EMBA from INSEAD/Tsinghua.

Moderator

Mr Alessandro SANOS
Mr Alessandro SANOSMarket Development Manager at Refinitiv
Alessandro Sanos is Market Development Manager at Refinitiv, formerly the Financial & Risk business of Thomson Reuters, where he heads up the Commodities business in Europe based out of Geneva. Most recently, he was heading the Risk business in Europe, based out of London. Prior to joining Reuters, he worked for PwC in Greece covering the shipping and energy market, and for JPMorgan Chase in the United Kingdom. A Chartered Alternative Investment Analyst, Alessandro is a regular speaker, panelist, and moderator at industry events across Europe and a thought-leading contributor on digital publications.

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, is one of the world’s largest providers of financial markets data and infrastructure. Serving more than 40,000 institutions in over 190 countries, we provide information, insights, and technology that drive innovation and performance in global markets. Our 160-year Reuters heritage of integrity enables customers to make critical decisions with confidence, while our unique open platform, best-in-class data, and cutting-edge technology bring greater opportunity to our customers. By advancing our customers, we drive progress for the entire financial community.

Schedule

    • 6:00 pm – Registration
    • 6:30 pm – Introduction
    • 6:45 pm – Conference and Q&A
    • 8:00 pm – Networking Cocktail & Sponsors Sponsors
      • IHS Markit
      • Thomson Reuters
    • 10:00 pm – End of Networking Cocktail

The conference will take place in the Forum Genève, Credit Suisse.

Location:

Forum Genève, Credit Suisse
Rue de Lausanne 11-19
1201 GENEVA

Pictures will be available after the event.

2018-10-22T09:51:13+00:00
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