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THE 12 HAY HILL

DAVOS DEBRIEF

IN PARTNERSHIP WITH THE FINANCIAL TIMES

Wednesday 31st January 2018

#12HHDavos

31st JANUARY 2018

The 12 Hay Hill Davos Debrief, 12 Hay Hill, Mayfair

ABOUT THE EVENT

Specifically created for our members who shall not be attending Davos this year or for those who want to more deeply engage and examine the topics covered at the 2018 World Economic Forum, we will host the exclusive 12 Hay Hill Davos Debrief on Wednesday, 31st January 2018 which will be presented by senior Financial Times commentators sharing first-hand accounts of; what was discussed, who made waves, what was achieved and what this all means for 2018 across; geopolitics, global economics, finance and business.

They will be joined by guest speakers who were also at Davos and will share their insights across three interactive discussions taking place between 10:30 am and 5:00 pm at our Club.

This will be a very high-level gathering, featuring thought leaders and celebrated Financial Times journalists such as Martin Wolf, FT Chief Economics Commentator, Gideon Rachman, FT Chief Foreign Affairs Commentator, Gavyn Davies, Chairman, Fulcrum Asset Management and Ngaire Woods, Dean, Blavatnik School of Government, Oxford University.

As part of our ongoing curated programme of events, this conference will continue to provide our members with thought-provoking content, in a nutshell, at the comfort of their Club. It is designed to be your unique insight into decoding Davos.

IMPORTANT NOTES

  • This is an exclusive, by invitation only event for our members and selected guests of 12 Hay Hill.
  • There is limited space and high demand for attendance.
  • All members and invited guests are kindly required to register their interest and confirmation of attendance will be on a first come first served basis.
  • All terms are subject to the Club's discretion.

AGENDA AT A GLANCE

10:30 am - 12:00 noon Session 1: Geopolitics

Opening Remarks: Creating a Shared Future in a Fractured World? What they really talked about at Davos

Gideon Rachman

Will we survive the year? North Korea, Brexit, Trump, China and other disrupters

Gideon Rachman, Charles Grant, Robin Niblett, Ngaire Woods

1:30pm - 3.00pm Session 2: Artificial Intelligence

Shaping the Future of Work: AI, the transformation of business, and the impact on work, jobs and talent

Ravi Mattu, Frazer Bennett, Luciano Floridi, Lynda Gratton, Nicola Millard

4:00pm - 5:30pm Session 3: Global Economics

Can growth be sustained in 2018? Or is more trouble around the corner?

Martin Wolf, Andrew Balls, Gavin Davies, Rain Newton-Smith, Chris Giles

PROGRAMME

10:30 am – 12:00 noon

Session 1: GEOPOLITICS

Opening remarks: Creating a Shared Future in a Fractured World? What they really talked about at Davos

Gideon Rachman

Chief Foreign Affairs Columnist, Financial Times

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Gideon Rachman

Chief Foreign Affairs Columnist, Financial Times

Gideon Rachman was appointed chief foreign affairs columnist and an associate editor of the Financial Times in July 2006. Based in London, he writes a weekly column in the newspaper and for The World blog on FT.com. His particular interests include American foreign policy, the European Union and globalisation.

Rachman joined the FT after a 15-year career at The Economist where he held several senior positions including deputy US editor, Asia editor, Britain editor, and business editor. He also wrote the Charlemagne column from Brussels in his role as EU correspondent.

Rachman’s new book, Easternisation: War and Peace in the Asian Century concentrates on how the growing wealth of Asia nations is transforming the international balance of power. His previous book Zero-Sum World, about the future of international relations was published in the UK in late 2010, has been translated into eight languages, including Chinese and Arabic. He is a regular public speaker and has lectured or appeared on panels at the London School of Economics, the Oxford University School of Government, the Council on Foreign Relations and the World Economic Forum in Davos.

He has won several awards, including the 2016 Orwell Prize for Journalism, Commentator of the Year at the European Press Prize 2016, Best Foreign Commentator at the 2010 Editorial Intelligence Comment Awards, and appears regularly on national and international radio and TV programmes.

Follow Gideon Rachman on Twitter: @gideonrachman

Geopolitics: Will we survive the year? North Korea, Brexit, Trump, China and other disruptors

Gideon Rachman

Chief Foreign Affairs Columnist, Financial Times

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Gideon Rachman

Chief Foreign Affairs Columnist, Financial Times

Gideon Rachman was appointed chief foreign affairs columnist and an associate editor of the Financial Times in July 2006. Based in London, he writes a weekly column in the newspaper and for The World blog on FT.com. His particular interests include American foreign policy, the European Union and globalisation.

Rachman joined the FT after a 15-year career at The Economist where he held several senior positions including deputy US editor, Asia editor, Britain editor, and business editor. He also wrote the Charlemagne column from Brussels in his role as EU correspondent.

Rachman’s new book, Easternisation: War and Peace in the Asian Century concentrates on how the growing wealth of Asia nations is transforming the international balance of power. His previous book Zero-Sum World, about the future of international relations was published in the UK in late 2010, has been translated into eight languages, including Chinese and Arabic. He is a regular public speaker and has lectured or appeared on panels at the London School of Economics, the Oxford University School of Government, the Council on Foreign Relations and the World Economic Forum in Davos.

He has won several awards, including the 2016 Orwell Prize for Journalism, Commentator of the Year at the European Press Prize 2016, Best Foreign Commentator at the 2010 Editorial Intelligence Comment Awards, and appears regularly on national and international radio and TV programmes.

Follow Gideon Rachman on Twitter: @gideonrachman

In conversation with:

Charles Grant

Director, Centre for European Reform

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Charles Grant

Director, Centre for European Reform

Charles Grant CMG is director of the Centre for European Reform (CER). He works on EU foreign and defence policy, Russia, China, the euro and Britain’s relationship with the EU. His biography of Commission President Jacques Delors (“Delors: Inside the House that Jacques Built”) was published by Nicolas Brealey in 1994, and he is the author of many CER publications.

Charles is a member of the international advisory boards of the Moscow School of Civic Education, the Turkish think-tank EDAM and the French think-tank Terra Nova. He is also a member of the council of the Ditchley Foundation, and chairman of the foundation's programme committee.

In 2004 he became a chevalier of France’s Ordre Nationale du Mérite, and in 2013 a Companion of St Michael and St George (CMG) "for services to European and wider international policy-making". In 2015 he was awarded the Bene Merito medal by the Polish government and the Star of Italy medal by the Italian government.

Charles is a regular contributor to the Financial Times, The Guardian, The New York Times International Edition and many other publications. He can be followed on twitter at @CER_Grant.

Robin Niblett

Director, Chatham House

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Dr Robin Niblett

Director, Chatham House

Robin Niblett became the Director of Chatham House (the Royal Institute of International Affairs) in January 2007. Before joining Chatham House, from 2001 to 2006, Dr Niblett was the Executive Vice President and Chief Operating Officer of Washington-based Center for Strategic and International Studies (CSIS). During his last two years at CSIS, he also served as Director of the CSIS Europe Programme and its Initiative for a Renewed Transatlantic Partnership.

Dr Niblett’s commentary and analysis have appeared in the Financial Times, Washington Post, Daily Telegraph, Guardian and Reuters. He is the author of Britain, the EU and the Sovereignty Myth (Chatham House 2016), Britain, Europe and the World: Rethinking the UK’s Circles of Influence (Chatham House, 2015), and Playing to its Strengths: Rethinking the UK’s Role in a Changing World (Chatham House, 2010). He is also editor and contributing author to America and a Changed World: A Question of Leadership (Chatham House/Wiley-Blackwell, 2010); a contributor to Influencing Tomorrow: Future Challenges for British Foreign Policy (Guardian Books, 2013) by Douglas Alexander MP and Dr Ian Kearns; author and contributor to a number of CSIS reports on transatlantic relations, and contributing author and co-editor with William Wallace of Rethinking European Order (Palgrave, 2001).

Dr Niblett is a frequent panellist at conferences on Europe and transatlantic relations. He has testified on a number of occasions to the House of Commons Defence and Treasury Select Committees and Foreign Affairs Committee, as well as the US Senate and House Committees on European Affairs.

He is a Non-Executive Director of Fidelity European Values Investment Trust and a member of the World Economic Forum Europe Policy Group. He was a Special Adviser to the House of Commons Foreign Affairs Committee (2015-16) and a member of the World Economic Forum Global Future Council on International Security (2016). He was Chairman of the Experts Group for the 2014 NATO Summit; Chairman of the World Economic Forum Global Agenda Council on Europe (2012-13) and Chair of the British Academy Steering Committee of Languages for Security Project (2013). In 2012 he was awarded the Bene Merito medal by the Polish government. He became a Companion of St Michael and St George (CMG) in 2015.

He received his BA in Modern Languages and MPhil and DPhil from New College, Oxford.

Ngaire Woods

Dean, Blavatnik School of Government, Oxford University

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Ngaire Woods

Dean, Blavatnik School of Government, Oxford University

Ngaire Woods is the founding Dean of the Blavatnik School of Government and Professor of Global Economic Governance at Oxford University. Her research focuses on how to enhance the governance of organisations, the challenges of globalisation, global development, and the role of international institutions and global economic governance. Previously, she founded the Global Economic Governance Programme at Oxford University and co-founded (with Robert O. Keohane) the Oxford-Princeton Global Leaders Fellowship programme. She led the creation of the Blavatnik School of Government at Oxford University.

Professor Woods serves as a member of the International Advisory Panel of the Asian Infrastructure Investment Bank, on the Board of the Mo Ibrahim Foundation, and as a Rhodes Trustee. She is co-Chair of the World Economic Forum’s Global Future Council on Values, Technology and Governance. She serves on the Advisory Group of the Center for Global Development (Washington DC). Previously, she served as a Non-Executive Director on the Arup Global Group Board and on the Board of the Center for International Governance Innovation in Canada. She has also served as a member of the IMF European Regional Advisory Group, and as an Advisor to the IMF Board, the African Development Bank, the UNDP’s Human Development Report, and the Commonwealth Heads of Government. She has presented numerous documentaries for BBC Radio 4 and BBC 2 television.

Her books include: The Politics of Global Regulation (with Walter Mattli, Oxford University Press, 2009), Networks of Influence? Developing Countries in a Networked Global Order (with Leonardo Martinez-Diaz, Oxford University Press, 2009), The Globalizers: the IMF, the World Bank and their Borrowers (Cornell University Press, 2006), Exporting Good Governance: Temptations and Challenges in Canada’s Aid Program (with Jennifer Welsh, Laurier University Press, 2007), and Making Self-Regulation Effective in Developing Countries (with Dana Brown, Oxford University Press, 2007). She has previously published The Political Economy of Globalization (Macmillan, 2000),Inequality, Globalization and World Politics (with Andrew Hurrell: Oxford University Press, 1999), Explaining International Relations since 1945 (Oxford University Press, 1986), and numerous articles on international institutions, globalization, and governance.

She was educated at Auckland University (BA in economics, LLB Hons in law). She studied at Balliol College, Oxford as a New Zealand Rhodes Scholar, completing an MPhil (with Distinction) and then DPhil in International Relations. She won a Junior Research Fellowship at New College, Oxford and subsequently taught at Harvard University (Government Department) before taking up her Fellowship at University College, Oxford and academic roles at Oxford University.

1:30 pm - 3:00 pm

Session 2: ARTIFICIAL INTELLIGENCE

Shaping the Future of Work: AI, the transformation of business, and the impact on jobs and talent

Ravi Mattu

Telecoms, Media and Technology Editor, Financial Times

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Ravi Mattu

Telecoms, Media and Technology Editor, Financial Times

Ravi Mattu is Technology Editor of the Financial Times. He is also the FT’s Telecoms, Media and Technology News Editor. Since joining the FT 15 years ago, he has spoken to CEOs, entrepreneurs, prime ministers and some of the world’s leading management thinkers. From the founders of Uber and Nest, to the CEOs of Microsoft and Vodafone, to the man who came up with virtual reality and Lady Gaga’s manager, Mr Mattu has interviewed some of the most creative people in business today. Through working with thought leaders in a variety of fields, he has developed unique observations on the topics of technology, innovation, entrepreneurship, global trends in business and the changing nature of the workplace. Mr Mattu joined the Financial Times in 2000 and has held a number of senior positions at the newspaper, including Business Life Editor, overseeing the management section of the paper, and Acting Deputy Editor of the FT Weekend Magazine. He is a former editor of Special Reports. He was also launch editor of FT Wealth. He took up his most recent position after being the Editorial Director for FT2, , the FT’s content marketing unit. Before joining the FT, Mr Mattu worked as assistant editor, acting deputy editor and senior editor at Prospect Magazine from 1997 to 2000.

Presentations and Q&A:

Frazer Bennett

Chief Innovation Officer, PA Consulting

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Frazer Bennett

Chief Innovation Officer, PA Consulting

As Chief Innovation Officer at PA Consulting Group, Frazer Bennett's passion lies in supporting organisations to successfully navigate the journey from idea to profit. He helps organisations to establish the right innovation strategy and then implement the steps for creating first-to-world products, services and processes. Underlining how innovation is now a critical business issue across all sectors, he has recently supported the successful development of new ideas in areas ranging from connected healthcare, system and service provision and novel connected technologies for the pharmaceutical sector. With experience that spans R&D, product development, and consulting, Mr Bennett is the founder of three companies including two semiconductor companies.

Luciano Floridi

Professor of Philosophy and Ethics of Information, Oxford University

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Luciano Floridi

Professor of Philosophy and Ethics of Information, Oxford University

Luciano Floridi is Professor of Philosophy and Ethics of Information at the University of Oxford, where he directs the Digital Ethics Lab (DELab) of the Oxford Internet Institute. He is also Faculty Fellow of the Alan Turing Institute and Chair of its Data Ethics research Group, and Chairman of the Ethics Advisory Board of the European Medical Information Framework. He sits on the EU's Ethics Advisory Group on Ethical Dimensions of Data Protection, on the Royal Society and British Academy Working Group on Data Governance, and on Google Advisory Board on “the right to be forgotten”. His areas of expertise include the philosophy of information, digital ethics, and the philosophy of technology. Among his recent books, all published by Oxford University Press: The Fourth Revolution - How the infosphere is reshaping human reality (2014), The Ethics of Information (2013), The Philosophy of Information (2011).

Lynda Gratton

Professor of Management Practice, London Business School

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Lynda Gratton

Professor of Management Practice, London Business School

Lynda is a Professor of Management Practice at London Business School where she directs ‘Human Resource Strategy in Transforming Companies’ – considered the world’s leading programme on human resources.

Lynda is the founder of Hot Spots Movement and since 2008 she has led the Future of Work Research Consortium which has brought together executives from more than 100 companies.

Over the last 20 years Lynda has written extensively about the interface between people and organisations. Her eight books cover the link between business and HR strategy (Living Strategy), the new ways of working (The Democratic Enterprise), the rise of complex collaboration (Hot Spots and Glow) and the impact of a changing world on employment and work (The Shift). In 2012 The Shift received the business book of the year award in Japan and has been translated into more than 15 languages. In 2015 The Key won the CMI Management Book of the Year. This book looks at the impact of the changing world on corporate practices and processes and on leadership. In 2016, Lynda Gratton and co-author Professor Andrew Scott, published The 100-Year Life: Living and Working in an Age of Longevity, which, translated into many languages, continues to generate significant interest across the world, also in Japan, where it quickly became a bestseller. It was shortlisted for the FT Business Book of the Year award.

Lynda’s work has been acknowledged globally – she has won the Tata prize in India; in the US she has been named as the annual Fellow of NAHR and won the CCL prize; whilst in Australia she has won the HR prize. Lynda is a Fellow of the World Economic Forum and has chaired the WEF Council of Leadership. She has served as a judge on the FT Business Book of the Year panel, chairs the Drucker Prize panel and is on the governing body of London Business School. In 2017, Lynda became an Advisor for @GoogleOrg’s initiative to help people prepare for the changing nature of work and was also, as the only foreigner, invited by Prime Minister Abe of Japan to join a new advisory council “Council for designing the 100-year-life society”.

Nicola Millard

Head of Customer Insight & Futures, BT Global Services

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Nicola Millard

Head of Customer Insight & Futures, BT Global Services

Nicola Millard heads up Customer Insight & Futures in BT's Innovation Team. Despite working for a technology company, Nicola isn't a technologist and combines psychology with futurology to try and anticipate what might be lying around the corner for both customers and organisations (sadly, her crystal ball is broken).

Nicola has been at BT for 27 years. She has done a number of jobs around the BT business, including user interface design, customer service and business consulting. She was involved with a number of BT "firsts", including the first application of intelligent systems into BT's call centres and BT's initial experimentation with home working.

Nicola got her PhD from Lancaster University in 2005 on motivational technologies in contact centres, published her first book in 2009 and now spends most of her time doing research, writing blogs, articles and white papers.

Nicola regularly pops up on radio and TV around the world, including appearances on 'Woman's Hour', 'Tech Tent', 'The Genius of Invention' and 'Back in Time for the Weekend' for the BBC. She has done a TED talk about why people accept or reject technologies and is also a judge on a number of award panels, including the Institute of Customer Service, the CCMA and the Association of Business Psychology awards. In 2014, she was the recipient of the 'Outstanding Industry Contribution' award from the UK Contact Centre Forum.

When she's not doing all that, Nicola travels around the world presenting at conferences and running workshops with an assortment of BT's large multinational corporate clients including banks, government, airlines and retailers, to name but a few.

4:00 pm - 5:30 pm

Session 3: GLOBAL ECONOMICS

Can Growth Be Sustained in 2018? Or Is More Trouble Around the Corner?

Keynote:

Martin Wolf

Chief Economics Commentator, Financial Times

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Martin Wolf

Chief Economics Commentator, Financial Times

Martin Wolf is Chief Economics Commentator and an Associate Editor at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. He was a member of the UK government’s Independent Commission on Banking between June 2010 and September 2011. His book The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis was published by Penguin Press in September 2014.

Mr Wolf is an honorary fellow of Nuffield College, Oxford University, Corpus Christi College, Oxford University and King’s College, London. He is an honorary professor at the University of Nottingham. In 2014, he was made a University Global Fellow of Columbia University, New York, and a Senior Fellow in Global Economic Policy at its School of International Public Affairs. He is a member of the International Media Council of the World Economic Forum.

Mr Wolf was made a Doctor of Letters, honoris causa, by Nottingham University in July 2006, a Doctor of Science (Economics) of London University, honoris causa, by the London School of Economics, in December 2006, a Doctor of Science, honoris causa, by Warwick University, in July 2009, a Doctor of Letters, honoris causa, by Kingston University, in January 2010 and a Doctor of Letters, honoris causa, by Macquarie University, in Australia, in 2012.

Mr Wolf was joint winner of the Wincott Foundation senior prize for excellence in financial journalism for 1989 and again for 1997. He won the RTZ David Watt memorial prize for 1994. In 2006, he became the sixth winner of the Journalism Prize of the Fundacio Catalunya Oberta (Open Catalonia Foundation). He won the “Commentator of the Year” award at the Business Journalist of the Year Awards of 2008. He was placed 15th in Foreign Policy’s list of the “Top 100 Global Thinkers” in December 2009, 37th in the same list for 2010 and 55th for 2011. Mr Wolf won the “Ludwig-Erhard-Preis für Wirtschaftspublizistik” (“Ludwig Erhard Prize for economic commentary”) for 2009. He won “Commentariat of the Year 2009” at the Comment Awards, sponsored by Editorial Intelligence. He was joint winner of the 2009 award for columns in “giant newspapers” at the 15th annual Best in Business Journalism competition of The Society of American Business Editors and Writers. He won the 33rd Ischia International Journalism Prize in 2012. He won the Overseas Press Club of America’s prize for “best commentary on international news in any medium” for 2013.

Mr Wolf’s most recent publications are Why Globalization Works (Yale University Press, 2004) and Fixing Global Finance (Washington D.C: Johns Hopkins University Press, and London: Yale University Press, 2008 and 2010). China Business News named Fixing Global Finance its “Financial Book of the Year” for 2009.

Mr Wolf was educated at Oxford University.

For further information, please contact:

Kristina Eriksson
T: + 44 (0)20 7873 4961<
strong>kristina.eriksson@ft.com

Panel Discussion,
joining Martin Wolf:

Andrew Balls

Chief Investment Officer for Global Fixed Income, PIMCO

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Andrew Balls

Chief Investment Officer for Global Fixed Income, PIMCO

Andrew Balls is PIMCO's Chief Investment Officer for Global Fixed Income. Based in London, he oversees the firm’s European, Asia-Pacific, emerging markets and global investment teams. He manages a range of global portfolios and is a member of the Investment Committee. Previously, he was head of European portfolio management, a global portfolio manager in Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he spent eight years at the Financial Times, as an economics leader writer in London, Lex columnist in New York and economics correspondent in Washington, DC. He holds a bachelor's degree from Oxford, a master's degree from Harvard and was a lecturer in economics at Keble College, Oxford. He is a director of Room to Read, a non-profit that promotes literacy and gender equality in education in low-income countries.

Gavyn Davies

Chairman, Fulcrum Asset Management

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Gavyn Davies

Chairman, Fulcrum Asset Management

Gavyn Davies has been Chairman of Fulcrum Asset Management since 2004. He is a founding partner of Active Private Equity and Anthos Capital. He is a Senior Adviser to Prisma Capital, a subsidiary of KKR.

Mr Davies graduated in economics from St. John's College, Cambridge in 1972, followed by two years of research at Balliol College Oxford. He joined the Policy Unit at 10 Downing Street as an Economist in 1974 and was an Economic Policy Adviser to the Prime Minister in the same organisation from 1976-79.

He then pursued a career as a City economist, first with Phillips and Drew (1979-81), then with Simon and Coates (1981-86). He joined Goldman Sachs International in April 1986 and was a Partner or Managing Director from 1988 – 2001. He was also the firm’s Chief Economist over that period and Chairman of the Global Investment Research Department. From 1979 – 2001, he was repeatedly ranked as the City's top UK, European or global economist in surveys of institutional investors. From 1992 – 1997, he was a member of H.M Treasury's Independent Forecasting Panel.

In 1999, he chaired a UK government inquiry into 'The Future Funding of the BBC'. He was appointed Chairman of the BBC in October 2001 and resigned his position in January 2004.

He has been an Economic Adviser to the House of Commons Select Committee on the Treasury and a Visiting Professor at the London School of Economics.

In July 1998 he received an Honorary Doctor of Science (social sciences) from the University of Southampton. In July 2002 he received an Honorary Degree of Doctor of Laws from Nottingham University and was also appointed a Fellow of The University of Wales, Aberystwyth. In July 2003 he received a Fellowship of Imperial College Faculty of Medicine. In July 2004, he received an honorary doctorate from Middlesex University.

Rain Newton-Smith

Chief Economist, Confederation of British Industry (CBI)

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Rain Newton-Smith

Chief Economist, Confederation of British Industry (CBI)

Rain Newton-Smith is the Chief Economist at the Confederation of British Industry. She and her team provide business leaders with advice on the UK economic outlook and global risks. She leads in setting out the business view on economic policy in discussions with policymakers, and oversees the CBI business surveys. Previously, Rain was head of Emerging Markets at Oxford Economics where she managed a large team of economists and was the lead expert on China. She provided macroeconomic forecasts and analysis on China's role in the global economy and the development of Asia, helping a range of companies and international financial institutions to expand into new markets and grow their business. Prior to that, Rain worked on the international forecast for the Monetary Policy Committee at the Bank of England and also led a team with responsibility for developing a risk assessment framework for the UK financial system.

While at the Bank, she also went on secondment to the International Monetary Fund in Washington D.C. where she was adviser to the UK executive director. Rain was honoured by the World Economic Forum in 2012 as a Young Global Leader. She is currently co-Chair of the Young Global Leaders Taskforce on the Circular Economy. In 2016, she was listed in City AM’s Power 100 women. She is on the Policy Committee of the LSE’s Centre for Economic Performance.

Moderator:

Chris Giles

Economics Editor, Financial Times

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Chris Giles

Economics Editor, Financial Times

Chris Giles is the economics editor of the Financial Times. He leads the reporting of economics in the newspaper and on FT.com and has been economics editor since 2004.

He reports on international economic trends and the British economy and contributes comment to FT.com’s premium blog; dedicated to central banking and Money Supply. He was previously the FT’s leader writer on economic affairs.

Giles was awarded Wincott Financial Journalist of the Year 2014. He has also won Business Journalist of the Year at British Journalism Awards 2012, as well as the Royal Statistical Society’s prize for excellence in journalism in 2008 and 2012. He is a member of the 2014 advisory board of the Journal of the European Economic Association.

Before becoming Economics Editor, Chris spent a year at the communications regulator, Ofcom, writing reports into digital switchover and public service broadcasting.

Prior to joining the Financial Times in 2000, Giles was an economics reporter at the BBC. He started his career in research, spending seven years as an economist for the Institute for Fiscal Studies and has a wide publications record. At IFS he led or worked on projects for clients including, the Treasury, OECD, and the European Commission.

Giles is a graduate of Cambridge University and holds a masters degree in economics from Birkbeck College, London University.

Follow Chris Giles on twitter : @ChrisGiles_