• Mr. Hunt will discuss three major themes：
  *What does it mean to have a Fiduciary mindset? He will give examples and talk through the issues an asset manager faces when making decisions on behalf of clients rather than on behalf of shareholders. He will highlight some of the conflicts that can arise and offer thoughts on how to address them. David will briefly touch on US regulatory developments surrounding the DOL Fiduciary duty (vacated), the SEC’s Reg BI implementation and the ongoing debate surrounding both of them.
  *What are the implications for the culture of an asset manager? He will discuss the elements of culture that are important to set. He will discuss the difficulties of common goals such as asset gathering, AUM levels in driving client performance and suggest a more holistic way of driving the organization to meet long term client needs
  *What are the implications for the Industry? He will discuss why asset management does not behave more like a business, but rather looks like a profession. This has important implications for M & A, for consolidation, and for the right way for the industry to consider is own evolution.

• In the worldwide, business environmental change in the asset management industry; from active to passive, from traditional to alternative, never-ending fee compression, and a rising tide of ESG investments, what will be strategic options for Japanese asset management companies.
  Also, threats and opportunities in the era of digitalization of the retail asset management business are discussed.

Panelists
Hiroki Nakagiri
Founder and Chief Executive Officer
GAIA Inc.

Haruhiro Nakano
President & CEO
SAISON ASSET MANAGEMENT CO.,LTD.

Kiyoshi Mizuno
Office Manager of Asset Building & Investment Support Office
Corporate Planning Department, Corporate Division
Rakuten Securities, Inc.,

Moderator
Chiho Shimada
Chief Editor
Ibbotson Associates Japan, Inc.