Day TWO

Profiting from Pension Privatization in Latin America

April 22-23, 1998

Windows on the World, World Trade Center
107^th Floor
New York, NY 10048-0202
Phone: (212) 524-7008

Day TWO, Thursday April 23, 19978

7:30 RE-REGISTRATION AND MORNING COFFEE

Assessing the role of Pension Privatization in Latin America
The impact of the debt crisis on Latin America Investment

• Macro-economic stability and sustained rates of economic growth
• Assuring competition within the Pension system
• Reduction of Cost to manage Pension

Jorge Mariscal, Chief Investment Strategist, Goldman Sachs & Co.

• Exploring the growth of pension funds and management
• Uncovering mutual fund development and its impact on the domestic and international market
• Establishing the Development of asset management

Skills and strategic plans

Jacobo Rodriguez, Asst. Director, Project of Global/Economic Liberty, CATO Institute

10:00 Morning Break

Determining if outsourcing is right for your corporation

• Exploring the profits and ramifications of outsourcing your pension funds
• Methodologies for choosing outsourcing services
• Determining which internal organization would manage fund

Josh Bank Director, Latin America Actuarial, Benefits and Compensation Consulting, Deloitte & Touche LLP

• Exploring the consequences of changes in Fiscal Policy
• Analyzing the effect of Monetary Policy on Pension Fund Privatization
• Examining the dynamic behavior of inflation rate and its effect on savings behaviors
• Capitalizing on progressive performance of interest rates

Dr. Ignacio Kruguer, Gerente General, Superintendencia de Administradoras de Fondos de Jubillaciones y Pensiones

12:00 Luncheon for Delegates and Speakers

• Careful Management of the system’s regulatory mechanism
• Implementing flexible PFA’s investment opportunities
• Increasing employment opportunities through domestic infrastructure
• Developing effective techniques to maximize risk/return
• Devise software systems for changes in the pension fund system

Jorge Ramos, Manager of Investment & Finance, Integra AFP

• Comparing European and Asian pension fund systems
• Exploring the growth opportunities within the European and Asian markets
• Effective investment techniques used by Europe and Asia
• Analyzing management strategies of portfolios in Europe and Asia

Private Decentralized Management
Public Centralized Management

• Exploring new investment and money management opportunities

Pablo Burbridge, Analyst, Salomon Brothers-Smith Barney

2:45 Afternoon Break

• Assessing the role of security liquidity
• Future development innovative of portfolio strategies
• Likely impact of using equities as a means of investing
• Maximizing risk and return of portfolios

Carmen Campollo, Marketing Analyst, IFC

3:45 Implementing software system and development

Examine your countries system and determine your needs

• Introducing record keeping systems
• Inter-grating the available technology with internal networks
• Capitalize on combing and analyzing data
• Evaluate management evaluation tools software

4:30 Chairperson’s Summation

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