The Risk and Performance Committee (RPC) develops and advocates best practices in the areas of measurement, analysis, management and reporting of investment risk and performance. The RPC is tasked with driving initiatives aimed at deepening the industry’s understanding of crucial issues investors face in the evaluation of investment risk and performance.
Pierre Soens, is the head of the risk and quantitative analysis department for BlackRock's Singapore office, managing Counterparty risk, Enterprise risk and serves as investment risk consultant for portfolio Managers. In the latter capacity the focus lies on active fixed income products, passive investment strategies and private credit. Prior to joining BlackRock in 2015, Mr. Soens worked for Fitch Ratings as Head of the Dutch RMBS team where he developed rating criteria and worked on a wide variety of asset classes. Prior to that, he started his career at Huntsman Polyurethanes Belgium with separate stints as a corporate credit analyst and a securitization manager.
Mr. Soens holds a MSc degree, with Honors, in Finance from the Solvay Business School.
Cedric Torres joined Eastspring Investments as a Director in 2023. Having joined the Risk Department of Income Insurance in July 2018, he was previously the Head, Investment Operational Risk and Investment Compliance, Risk Management, assisting the CRO to oversee risks related to the investment activities from an Asset Owner/2nd Line of Defence perspective. Prior to that, he was the Head of Investment Risk and Performance Analytics function.
Before joining Income Insurance, Mr Torres was Risk Manager & Compliance Officer for a family office in Singapore, and worked in various risk and performance related roles from 2007 to 2015 including some years at Eastspring Investments and having started his career at Amundi in Paris, with Lyxor AM and SocGen AM.
Mr Torres holds a MSc degree in Finance/Business Administration from INSEEC Grande Ecole. He is FRM Certified and CIPM Holder.
Patrick is the Partner leading PwC Singapore’s Asset and Wealth Management Assurance, and Venture Hub practices. Patrick has more than 20 years of experience in the asset management audit and advisory space, including three years spent in London working across a broad spectrum of asset management related work. He has advised asset managers on setting up businesses in Southeast Asia and worked with regulators on issues affecting asset managers in Singapore.
In his role as PwC’s Venture Hub’s leader, Patrick has worked closely with investors and entrepreneurs co-creating value through disrupting the current status quo. His global experience has allowed him to act as an enabler to the ecosystem – connecting tech companies with investors, corporates and government agencies, and acting as a trusted advisor to stakeholders in the technology ecosystem. Patrick sits on the Singapore Association Community for Entrepreneurship’s Innovation committee working with global tech firms.
In addition, he has advised firms across the Asia-Pacific region on achieving compliance with GIPS and has conducted seminars for clients and IMAS on GIPS and performance related topics for alternative asset managers and asset owners. Patrick sits on the IMAS Risk and Performance Committee.
Qualifications:
• Institute of Chartered Accountants in England and Wales – Fellow
• Institute of Singapore Chartered Accountants – Member
Pierre Soens, is the head of the risk and quantitative analysis department for BlackRock's Singapore office, managing Counterparty risk, Enterprise risk and serves as investment risk consultant for portfolio Managers. In the latter capacity the focus lies on active fixed income products, passive investment strategies and private credit. Prior to joining BlackRock in 2015, Mr. Soens worked for Fitch Ratings as Head of the Dutch RMBS team where he developed rating criteria and worked on a wide variety of asset classes. Prior to that, he started his career at Huntsman Polyurethanes Belgium with separate stints as a corporate credit analyst and a securitization manager.
Mr. Soens holds a MSc degree, with Honors, in Finance from the Solvay Business School.
Cedric Torres joined Eastspring Investments as a Director in 2023. Having joined the Risk Department of Income Insurance in July 2018, he was previously the Head, Investment Operational Risk and Investment Compliance, Risk Management, assisting the CRO to oversee risks related to the investment activities from an Asset Owner/2nd Line of Defence perspective. Prior to that, he was the Head of Investment Risk and Performance Analytics function.
Before joining Income Insurance, Mr Torres was Risk Manager & Compliance Officer for a family office in Singapore, and worked in various risk and performance related roles from 2007 to 2015 including some years at Eastspring Investments and having started his career at Amundi in Paris, with Lyxor AM and SocGen AM.
Mr Torres holds a MSc degree in Finance/Business Administration from INSEEC Grande Ecole. He is FRM Certified and CIPM Holder.
Patrick is the Partner leading PwC Singapore’s Asset and Wealth Management Assurance, and Venture Hub practices. Patrick has more than 20 years of experience in the asset management audit and advisory space, including three years spent in London working across a broad spectrum of asset management related work. He has advised asset managers on setting up businesses in Southeast Asia and worked with regulators on issues affecting asset managers in Singapore.
In his role as PwC’s Venture Hub’s leader, Patrick has worked closely with investors and entrepreneurs co-creating value through disrupting the current status quo. His global experience has allowed him to act as an enabler to the ecosystem – connecting tech companies with investors, corporates and government agencies, and acting as a trusted advisor to stakeholders in the technology ecosystem. Patrick sits on the Singapore Association Community for Entrepreneurship’s Innovation committee working with global tech firms.
In addition, he has advised firms across the Asia-Pacific region on achieving compliance with GIPS and has conducted seminars for clients and IMAS on GIPS and performance related topics for alternative asset managers and asset owners. Patrick sits on the IMAS Risk and Performance Committee.
Qualifications:
• Institute of Chartered Accountants in England and Wales – Fellow
• Institute of Singapore Chartered Accountants – Member
Jin-Wen is an Associate Director in the Global Investment Risk Management Team at Fidelity International where he oversees investment risk across major asset classes and spearheads the development and implementation of risk and governance frameworks . Prior to joining Fidelity, Jin-Wen held investment risk roles at Franklin Templeton and Nikko Asset Management, where he was responsible for portfolio risk and performance oversight across Global Macro, Asian Fixed Income, and Asian Equities strategies.
With over 15 years of experience in the asset management industry specializing in portfolio risk oversight Jin-Wen is a CFA and FRM charter holder and also completed various other certifications such as GARP's Sustainability and Climate Risk Certificate and CFA UK's Certificate in ESG Investing.
Daniel Lau is the Managing Director and Head of Enterprise Risk & Performance (ERP) within GIC’s Risk & Performance Management Department. In this capacity, he provides strategic leadership and direction to the ERP function, with responsibility for the integrated management of total portfolio risks across investment, liquidity, leverage, sustainability, and other transversal risks.
Mr Lau oversees the delivery of independent assessments of investment risk and performance drivers, offering rigorous and constructive challenge to portfolio construction, capital allocation, and investment decision-making processes. The ERP team is also responsible for advancing GIC’s total portfolio risk analytics framework and strengthening the organisation’s model risk management capabilities.
Mr Lau also serves on the GIC Sustainability Committee, which exercises strategic oversight and sets enterprise-wide direction for the firm’s Sustainable Investing enterprise priority. He is a member of the Total Portfolio Risk Management Working Group at the International Centre for Pension Management (ICPM) and serves on the Risk & Performance Committee of the Investment Management Association of Singapore (IMAS).
Prior to joining GIC in 2021, Mr Lau was a Senior Portfolio Manager at PIMCO, where responsibilities included managing global and emerging market portfolios, leading macroeconomic strategy initiatives within the Asia Pacific Portfolio Committee, and supporting business development activities. Before joining PIMCO, Mr Lau led Asia Fixed Income and Currency Trading at Norges Bank Investment Management and traded emerging market credit products at Barclays. He began his career at the Monetary Authority of Singapore, focusing on monetary policy implementation and global currency overlay strategies.
Mr Lau holds a Bachelor of Science in Economics from the London School of Economics and Political Science and a Master of Science in Financial Mathematics from the University of Chicago.
Mandy Ling is a Director and Lead Risk Manager at Allianz Global Investors, which she joined in 2018. Since then, she leads Investment Risk for the Asia Pacific region, overseeing market, liquidity, credit, counterparty, product, and sustainability risk across portfolios in Asia.
Before joining Allianz Global Investors, her previous experience includes Amundi Asset Management, Fidelity Investments, Manulife Asset Management, and Generali Investments. She has 18+ years of risk management experience, managing all kind of risk related to Investments. Other experience includes derivatives repricing, performance calculation and attribution, investment guidelines monitoring, as well as risk analytics and solutions.
Mandy is a CFA Charterholder, a Certified Financial Risk Manager (FRM), and holds the CFA Institute Certificate in ESG Investing.
Jin-Wen is an Associate Director in the Global Investment Risk Management Team at Fidelity International where he oversees investment risk across major asset classes and spearheads the development and implementation of risk and governance frameworks . Prior to joining Fidelity, Jin-Wen held investment risk roles at Franklin Templeton and Nikko Asset Management, where he was responsible for portfolio risk and performance oversight across Global Macro, Asian Fixed Income, and Asian Equities strategies.
With over 15 years of experience in the asset management industry specializing in portfolio risk oversight Jin-Wen is a CFA and FRM charter holder and also completed various other certifications such as GARP's Sustainability and Climate Risk Certificate and CFA UK's Certificate in ESG Investing.
Daniel Lau is the Managing Director and Head of Enterprise Risk & Performance (ERP) within GIC’s Risk & Performance Management Department. In this capacity, he provides strategic leadership and direction to the ERP function, with responsibility for the integrated management of total portfolio risks across investment, liquidity, leverage, sustainability, and other transversal risks.
Mr Lau oversees the delivery of independent assessments of investment risk and performance drivers, offering rigorous and constructive challenge to portfolio construction, capital allocation, and investment decision-making processes. The ERP team is also responsible for advancing GIC’s total portfolio risk analytics framework and strengthening the organisation’s model risk management capabilities.
Mr Lau also serves on the GIC Sustainability Committee, which exercises strategic oversight and sets enterprise-wide direction for the firm’s Sustainable Investing enterprise priority. He is a member of the Total Portfolio Risk Management Working Group at the International Centre for Pension Management (ICPM) and serves on the Risk & Performance Committee of the Investment Management Association of Singapore (IMAS).
Prior to joining GIC in 2021, Mr Lau was a Senior Portfolio Manager at PIMCO, where responsibilities included managing global and emerging market portfolios, leading macroeconomic strategy initiatives within the Asia Pacific Portfolio Committee, and supporting business development activities. Before joining PIMCO, Mr Lau led Asia Fixed Income and Currency Trading at Norges Bank Investment Management and traded emerging market credit products at Barclays. He began his career at the Monetary Authority of Singapore, focusing on monetary policy implementation and global currency overlay strategies.
Mr Lau holds a Bachelor of Science in Economics from the London School of Economics and Political Science and a Master of Science in Financial Mathematics from the University of Chicago.
Mandy Ling is a Director and Lead Risk Manager at Allianz Global Investors, which she joined in 2018. Since then, she leads Investment Risk for the Asia Pacific region, overseeing market, liquidity, credit, counterparty, product, and sustainability risk across portfolios in Asia.
Before joining Allianz Global Investors, her previous experience includes Amundi Asset Management, Fidelity Investments, Manulife Asset Management, and Generali Investments. She has 18+ years of risk management experience, managing all kind of risk related to Investments. Other experience includes derivatives repricing, performance calculation and attribution, investment guidelines monitoring, as well as risk analytics and solutions.
Mandy is a CFA Charterholder, a Certified Financial Risk Manager (FRM), and holds the CFA Institute Certificate in ESG Investing.
