CRO Circle Dinner – Why demography affects funded pension systems

We are thrilled to announce that Heinz Zimmermann, part of the winning team for the Swiss Risk Award 2023, will be our keynote:

Summary

The impact of demographic change on pay-as-you-go pension systems is well understood. Fully funded systems rely on asset market returns and seem, prima vista, well immunized. This view is short-sighted: demographics affect growth, interest rates and risky asset prices, but the effects are gradual and are not easily recognized, although they are emergent: the reduced flexibility and risk capacity of ageing funds have a direct impact on asset allocation and return expectations. From a macroeconomic perspective, international capital movements and investments in emerging markets play a critical role. This has important implications for the asset allocation of institutional investors, the design of demographically oriented investment vehicles, and the regulation of global capital flows.

Keynote

Prof. Dr. Heinz Zimmermann: Professor at the Faculty of Business and Economic and Chair of Finance at the University of Basel
Heinz Zimmermann has a PhD from University of Bern. He also studied at the University of Rochester, NY and spent a scholarship in MIT, Cambridge, MA.  He has extensive teaching experience across Swiss universities like HSG, University of Basel and Bern and institutions like Swiss Banking School and Swiss Finance Institute (SFI). His research focuses on asset pricing, risk management, and derivatives, with a keen interest in the historical and academic aspects of finance. Heinz Zimmermann holds editorial positions, has consulting experience, and actively contributes to the field through research groups and doctoral supervision.

Agenda

18:30 Welcome cocktail
19:15 Take seat at dinner table
19:30 Welcome speech (5min) by Bruno Meyer
19:40 Appetizers
20:00 Keynote speech by Heinz Zimmermann  (30-40min)
20:40 Main Course and Dessert
21:30 End of event

About CRO circle

The CRO Circle institutionalizes the need to debate thoughts and ideas with your C- and Board level colleagues informally. It helps you to identify risk topics that you didn’t think of yet. It provides you with very exclusive networking opportunities and surely new friendships. The “CRO Circle” targets the most senior risk managers, the leaders who are responsible to identify and manage the risk for a company comprehensively. A CRO Circle seat is available as a part of our Corporate Packages.