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SPEAKERS

DAY 1: WEDNESDAY, 8 OCTOBER 2025

Welcome Remarks

Mr. Luke Fochtman
Deputy Country Director
Armenia Resident Mission
Asian Development Bank

Opening Remarks

Mr. Armen Nurbekyan
Deputy Governor
Central Bank of Armenia

Mr. Tobias Hoschka
Treasurer
Asian Development Bank

Session 1: Global and Regional Economic and Markets Outlook

Speakers:

Mr. Donghyun Park
Economic Advisor
(Strategic Knowledge Initiatives)
Economic Research and Development Impact Department
Asian Development Bank

Ms. Karine Kheirallah
Managing Director and Head of Investment Strategy
and Research for the Middle East & Africa
State Street Investment Management

Mr. Gary Smith
Head of EMEA
Client Portfolio Manager, Fixed Income
Columbia Threadneedle Investments

Mr. Adam Cotter
Director Senior Executive Banking
DZ BANK AG


Moderator:

Ms. Lilia Aleksanyan
Senior Country Economist
Sri Lanka Resident Mission
Asian Development Bank 

Session 2: Managing Large Portfolios in the Current Market Environment 

Speakers:

Ms. Cinzia Gigante
Director - Deputy Head Investment Division
Market Operations Directorate
Banca d'Italia

Mr. Aram Sahakyan
Head of Global Markets Division
Central Bank of Armenia

Mr. Ferdinand Pascual
Senior Treasury Specialist
Investments Division
Asian Development Bank

Mr. Syafruddin Kartikawulan
Director – Group Head
Reserve Management Department
Bank Indonesia


Moderator:

Mr. Tobias Hoschka
Treasurer
Asian Development Bank

Session 3: Managing Reserves in a Small Country

Speakers:

Mr. Pema Tshering
Chief Investment Officer
Department of Foreign Exchange and
Reserve Management
Royal Monetary Authority of Bhutan

Ms. Adi Okalani Hola
Manager
Risk Management Unit
Risk Management and Communications Group
Reserve Bank of Fiji

Mr. Tatafu Moeaki
Governor
National Reserve Bank of Tonga


Moderator:

Mr. Luke Fochtman
Deputy Country Director
Armenia Resident Mission
Asian Development Bank

Session 4: Risk Management Framework

Speakers:

Mr. Giorgi Chinchaladze
Risk Manager
Financial Markets Department
Risk Management and Control Division
National Bank of Georgia

Mr. Thomas Vellacott
Senior Manager
Customer Banking Division
Bank of England

Ms. Adi Okalani Hola
Manager
Risk Management Unit
Risk Management and Communications Group Reserve Bank of Fiji

Mr. Hayk Sargsyan
Head
Risk Management Department
Central Bank of Armenia


Moderator:

Ms. Olimpia Henriques da Silva
Senior Treasury Specialist
Financial Policy and Planning Division
Asian Development Bank

Session 5: Artificial Intelligence and Reserves

Speakers:

Mr. Gary Kazantsev
Head of Quant Technology
Strategy Office of the CTO
Bloomberg L.P.

Mr. Maximilian Freier
Secretary of the ECB Monetary Policy Committee
and AI Coordinator
Directorate General Economics
European Central Bank


Moderator:

Ms. Anastasia Nasyrova
Senior Treasury Specialist
Treasury Quantitative Analysis Unit
Asian Development Bank

DAY 2: THURSDAY, 9 OCTOBER 2025

Session 6: Trends and Challenges in Reserve Management

Speakers:

Mr. Eric Bouyé
Manager
Product, Knowledge and Research
World Bank Treasury

Mr. Gary Smith
Head of EMEA
Client Portfolio Manager, Fixed Income
Columbia Threadneedle Investments

Ms. Nana Chitishvili
Portfolio Manager
Financial Markets Department
FX Reserves Management Division
National Bank of Georgia

Ms. Tuvshingerel Tumenbayar
Acting Director
Reserve Management Division
Financial Markets Department
Bank of Mongolia


Moderator:

Mr. Joris Schoenmakers
Senior Treasury Specialist
Funding Division
Asian Development Bank

Session 7: A View from the Issuance Side

Speakers:

Ms. Katina Kikitis
Deputy Chief Executive Officer
Australian Office of Financial Management

Mr. Joris Schoenmakers
Senior Treasury Specialist
Funding Division
Asian Development Bank

Mr. Jun Dumolard
Head of Funding and Investor Relations
European Stability Mechanism

Mr. Marjan Divjak
Director General
Treasury Directorate
Ministry of Finance of Slovenia


Moderator:

Ms. Penelope Stafford
Assistant Treasurer
Treasury Services Division
Asian Development Bank

Session 8: Outlook of the Chinese Renminbi’s Internationalization

Speakers:

Mr. Aram Sahakyan
Head of Global Markets Division
Central Bank of Armenia

Mr. Robert Rekasi
Head of Foreign Exchange Reserves Management
Directorate Money and Foreign Exchange Markets
Central Bank of Hungary


Moderator:
Ms. Fean Asprer

Ms. Fean Asprer
Senior Treasury Officer
Financial Policy and Planning Division
Asian Development Bank

Session 9: Gold in Reserve Management

Speakers:

Ms. Kurtulus Taskale Diamondopoulos
Director
Central Banks and Public Policy
World Gold Council


Moderator:

Ms. Olimpia Henriques da Silva
Senior Treasury Specialist
Financial Policy and Planning Division
Asian Development Bank

Session 10: Central Banks in a Changing World – An Asian Perspective

Speakers:

Ms. Sumila Wanaguru
Director
Investment Management Department
Central Bank of Sri Lanka


Moderator:

Mr. Deepak Taneja
Assistant Treasurer
Financial Policy and Planning Division
Asian Development Bank

Session 11: Governance in Reserve Management

Speakers:

Mr. Erekle Tsivtsivadze
Deputy Head
Financial Markets Deaprtment
National Bank of Georgia

Mr. Heung Sik Choo
former Director and Chief Investment Advisor
World Bank Treasury


Moderator:

Ms. Sukhumarn Phanachet
Deputy Treasurer
Asian Development Bank

Session 12: Artificial Intelligence and the Investment Process

Speakers:

Mr. Alexandre Ulku
Data Scientist
Banque de France

Mr. Eric Bouyé
Manager
Product, Knowledge and Research
World Bank Treasury


Moderator:

Mr. Joris Schoenmakers
Senior Treasury Specialist
Funding Division
Asian Development Bank
 

DAY 3: FRIDAY, 10 OCTOBER 2025

Session 13: Engaging External Fund Managers

Speakers:

Mr. Heung Sik Choo
former Director and Chief Investment Advisor
World Bank Treasury

Mr. Robert Rekasi
Head of Foreign Exchange Reserves Management
Directorate Money and Foreign Exchange Markets
Central Bank of Hungary

Mr. Kormoly Kimty
Assistant Governor
Central Banking Operations Directorate
National Bank of Cambodia


Moderator:

Mr. Ferdinand Pascual
Senior Treasury Specialist
Investments Division
Asian Development Bank

Session 14: Green and Transition Finance for Sustainable Investing

Speakers:

Mr. Evertjan Veenendaal
Senior Portfolio Manager
Asset Management/Banking Department
Bank for International Settlements

Ms. Natacha Rocher
Deputy Director
Markets Directorate
Banque de France 

Mr. Itaru Fujieda
Deputy Director/Head of Investments
Office of Foreign Exchange Reserve Management
Ministry of Finance
Japan


Moderator:

Mr. Deepak Taneja
Assistant Treasurer
Financial Policy and Planning Division
Asian Development Bank

Closing Remarks

Mr. Armen Nurbekyan
Deputy Governor
Central Bank of Armenia

Ms. Sukhumarn Phanachet
Deputy Treasurer
Asian Development Bank






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