Dear
Members and Friends,
I
write this message with a smile on my face after having returned from the ITFA
conference in Edinburgh - the event captured all that ITFA represents - great
content, substantive and relevant education, effective networking and building
on great friendships, all enjoyed in a spectacular social setting. The opening
presentation/video summed up all that ITFA encapsulates, highlighting a number
of ITFA events and achievements throughout the year. Please allow me to thank
the board members who have resigned from the board; Damian Austin and Anurag
Chaudhary and give a warm welcome to the new comers; Khilola Turaeva and Duarte
Pedreira.
On
behalf of the ITFA Board, I would like to take the opportunity to thank all
those who attended our 44th Trade and Forfaiting Conference.
Edinburgh proved to be a great conference destination with a record number of
delegates attending this year’s conference. Moreover, this conference also attracted
a great number sponsorship, demonstrating yet again, the vitality of our
association and industry.
Those of you who attended the Conference Gala Dinner at the magnificent Hopetoun House will not have failed to have been moved by the speech Duarte made in memory of our friend and industry giant, Martin Ashurst who died of cancer in 2014. At the request of his widow, we have raised money for the diabetes charity, JDRF. Both of Martin’s sons have Type 1 Diabetes. I am pleased to say that we received around £2,000 in contributions from delegates, which ITFA will match pound for pound to make a total of £4,000, a fitting gift in memory of our much lamented friend.
Those of you who attended the Conference Gala Dinner at the magnificent Hopetoun House will not have failed to have been moved by the speech Duarte made in memory of our friend and industry giant, Martin Ashurst who died of cancer in 2014. At the request of his widow, we have raised money for the diabetes charity, JDRF. Both of Martin’s sons have Type 1 Diabetes. I am pleased to say that we received around £2,000 in contributions from delegates, which ITFA will match pound for pound to make a total of £4,000, a fitting gift in memory of our much lamented friend.
Please
bear in mind that should you want to refer to the presentations that were
delivered during the conference, these can be found in the member area of the
ITFA website – click here.
However, these are available to ITFA members only.
As an
association our focus is on emerging market economies which have been benign
and robust over the past 18 months or so. August, however, witnessed a marked
and abrupt halt to inflows. Investors
yanked money out of emerging-market funds for the first time in months, a sign
of trouble in what has been a durable segment of the global economy for much of
the year. Risk aversion crept in as many global investors turned more cautious
on risk. The shift in risk appetite came about as threats of nuclear warfare
ramped up between the U.S. and North Korea.
More
cheerfully, in the September edition of the ITFA Newsletter you will find an
article about our annual conference in Edinburgh. ITFA is pleased to announce
four new members – Arthur J. Gallagher (UK) Ltd, Chubb, Tokio Marine HCC and
GII Capital Advisors Ltd. Our regular feature - Chart of the Month, contributed
by Dr. Rebecca Harding of Equant Analytics looks at Trade Wars: Why the US must
think before it acts. Finally, we update you on the Alternative ITFA which took
place in London on 7th September, the London Fringe to our Edinburgh
main event.
We
look forward to hearing from you with any feedback you may want to share with
us by sending an email to myself, any of the Board Members or to our general
email, info@itfa.org.
Best
wishes,
Sean
Edwards
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