Euro IRP

Unbundling Uncovered Conference – Substantive Research
2017-11-02 09:00 - 18:00 UTC | Institute of Directors, 116 Pall Mall, London, SW1Y 5ED, United Kingdom
Many of our members were part of the 300 strong delegates who, last November, attended the Substantive Research “Unbundling Uncovered” conference for a day of high quality debate and analysis.
Mike Carrodus and his team will return to the Institute of Directors on Thursday 2 November for a full day conference to hear industry leaders discuss their reactions to the new regulatory landscape across six discussion panels.
See the full agenda here
This event has been organised by Substantive Research. Complimentary passes have been organised by Substantive Research to our fully subscribed membership to attend the conference. Members interested in attending should write to Susan Westwood, membership secretary at sue.westwood@euroirp.com with the names and member firm information.
Substantive Research was created to help investors find the best top-down research quickly. Further information about their work can be found at http://substantiveresearch.com
Find out the key take aways from last year’s conference here

NEW YEAR Membership Event
2018-01-10 12:15 - 14:15 | Balls Brothers (formerly The Gallery), 10-11 Austin Friars, London, EC2N 2HG, United Kingdom
Euro IRP will be hosting their New Year’s Membership Event on Wednesday 10 January, 2018.
We were delighted to welcome so many of our members to our event last year, and are very much looking forward to welcoming all our membership this year.
Together with our existing membership we will be welcoming prospective new members and our working partners who, over the last decade, have supported the work of the association and the independent research sector.
We host this event, every New Year, in the hope of creating an informal and friendly setting not only for Euro IRP to wish our membership a happy New Year, but provide networking opportunities with other member firms, as well as our working partners.
RSVP by 8 January 2018

4th Global Independent Research Conference, 2018
2018-03-01 08:00 - 17:00 | 1 Wimpole St, 1 Wimpole St, Marylebone, London, W1G 0LZ, United Kingdom
SAVE THE DATE
Following the success of the 3rd Global Independent Research Conference in 2017, Gael Tissier has announced the fourth conference will take place on 1 March 2018. With a target audience of buy-side institutions, the conference will continue to offer IRPs the opportunity to engage with investors, setting out opinions and debating views.
If you are interested in learning more about this year’s conference, how to take part in a panel discussion, or what marketing and sponsorship opportunities are available, please contact Gael Tissier directly, by e-mail gael@researchforinvestors.com or by mobile on +44 (0)7531 893 652.
Euro IRP fully subscribed members will receive a 40% discount on the early bird ticket pricing.

Euro IRP Annual General Meeting
2018-04-24 15:30 - 18:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
3.00pm – 3.25pm Registration/Welcome refreshments
3.30pm – 6.00pm AGM
6.00pm – 7.00pm Members’ Drinks
We are delighted to be hosting our 2018 Annual General Meeting on Tuesday 24 April 2018, at The Brand Exchange in the City of London.
At this critical time for our industry, our aim will be to focus on what is at the forefront of the members’ interests in the independent research sector, and we hope our agenda will provide the opportunity for discussion, debate and shared learning.
Our focused and practical working sessions will be led by Chris Mortimer, Head of VAT Practice, Macfarlanes LLP, a leading London based law firm. These sessions will focus on the challenges our members are facing with:
– VAT
– Client Agreements
– General Data Protection (GDPR) Regulations
Our AGM Panel Discussion this year will be chaired by Amar Rajani, founder of Argella Limited, and will debate how the buyside are consuming and paying for external research, and the pivotal role of technology in this. Amar brings to the panel over 20 years’ experience in the financial and technology sectors, primarily with Bloomberg as their Global Product Manager. We are extremely grateful to Amar for his time and support and the wealth of insight and experience he brings to the panel.
Our panel will represent both the FINTECH sector as well as the buyside, and we are sure that Amar, alongside our Panel Participants, will create a platform of discussion and debate to harness further opportunity for our members to engage and contribute to the conversation. Details of the panel participants will be announced next week.
Members only meeting
RSVP deadline Friday 20 April 2018

Euro IRP Meeting and Open Discussion - PARIS
2018-10-16 12:30 - 14:00 | SFAF, 135 Boulevard Haussmann, Paris, 75008, France
As part of involving and engaging Euro IRP members, on what we are doing, but more importantly, on what you are finding in the market, and hearing what your concerns are – Euro IRP is holding a lunchtime presentation and open discussion in Paris on Tuesday 16 October.
FAIR are kindly hosting a sandwich lunch at their offices – located at 135 Boulevard Haussmann in Paris. We are delighted that Steve Kelly, Euro IRP Special Adviser, will be in Paris to give an update on the key Euro IRP initiatives and then lead the open discussion.
We have invited the AMF to send an observer to this discussion.
We obviously look forward to welcoming all our members currently based in France, but hope that any of our members interested in attending this meeting will attend. We are looking forward to our members sharing their views and experiences.
We all know the market for independent research has never faced such change as it does now – and we are always seeking at Euro IRP to be the representative of independent research providers, and to add value for every member.

View from the US with Michael Mayhew, Integrity Research
2018-11-12 16:15 - 19:30 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
View from the US with Michael Mayhew, Integrity Research
4.15pm – 5:00pm Welcome refreshments and Networking
5.00pm – 6.30pm View from the US presented by Michael Mayhew
6.30pm – 7.30pm Members’ Drinks with Guests
We are very fortunate to host Michael Mayhew, Principal of Integrity Research, as our guest speaker, at an exclusive members event on Monday 12 November.
Mike is one of the leading experts on the US investment research industry. In addition to founding Integrity Research in 2003, Mike is a frequent speaker in both the US and Europe on research industry trends and developments and a prolific author for Integrity Research’s ResearchWatch publication.
With over 30 years’ experience as an investment research professional, Mike will be sharing his unique insights on the American investment research industry post MiFID II, how it is affecting the buy-side in the US and the unforeseen consequences for independent research providers.
As well as MiFID II, a strong theme in recent ResearchWatch articles has focused on transparent pricing. Mike will be sharing unique access to some of the results of Integrity Research’s Pricing Study. The 2017/2018 Study will reflect the insights of over 150 firms including independent research providers. Yet to be published, this presentation will provide our members with an exclusive insight into the results of the study.
To close, Mike has asked to speak to our members about Alternative Data. Heightened interest over the past 18 months for alternative data has resulted in unprecedented buy-side attendance at conferences in the US. Mike will be sharing his thoughts about the alternative data market, why he believes it is important for all independent research providers to understand the buy-side’s appetite for it, how they use and value it and how independent research providers can leverage new products and revenues from it.
We will be hosting an extended welcome with refreshments from 4.15pm for those members who want to arrive early to speak with Mike Mayhew, Euro IRP or perhaps to just catch up with other Euro IRP Members. After the event we will be extending an invitation to join Euro IRP for a drink in the Brand Exchange’s members lounge, with Mike Mayhew, Chris Deavin and the Board as well as guests such as Bloomberg, CSFI, FTI Consulting and Worldflow, who have been supporters of our work.
We hope this will be an informal, interactive and above all interesting and engaging discussion group with Mike as he shares his thoughts and insights on the American market.
Spaces will be limited, and like our event with Sandy Bragg in 2016, we are anticipating this event to be very popular with our members. We ask any members interested in attending this event to email sue.westwood@euroirp.com to secure their place.
Mike Mayhew will be moderating the morning panel “The Research Product – how will it change and what are the consequences?” at the Substantive Research Conference, on Tuesday 13 November. Chris Deavin, Chairman Euro IRP, will take part in this panel discussion representing the views of the association. We very much look forward to seeing our members at our conference stand. We hope all our members traveling to the UK for the conference, will be able to join us at this very special member event with Integrity Research the day before.

Unbundling Uncovered Conference 2018 – Substantive Research
2018-11-13 09:00 - 18:00 | Institute of Directors, 116 Pall Mall, London, SW1Y 5ED, United Kingdom
Over 300 attendees attending the Substantive Research’s Unbundling Uncovered conference last year for a day of high quality debate and analysis. Following a hugely successful New York conference earlier this year, Mike Carrodus and the Substantive Research team bring the conference back to the Institute of Directors in London for the 4th Unbundling Uncovered event. Interest in this year’s conference has been unprecedented, with registered delegates looking forward to hearing industry leaders discuss how their approaches to research budgeting, valuation and compliance worked out in practice post MiFID II. This promises to be an engaging and exciting conference over one day, with six panels, featuring nearly 30 panel speakers.
Conference agenda can be found here.
Euro IRP will again this year be represented both with a conference stand and on a panel, with Chris Deavin speaking on the mid morning panel (11.50am to 12.40pm) Panel III the Research Product – how will it change and what are the consequences? – representing the views of Euro IRP. This panel will be moderated by Mike Mayhew, Integrity Research, who will be our special guest speaker at the exclusive members event being hosted the day before on Monday 12 November.
We are incredibly grateful to Mike Carrodus, Founder & CEO, Substantive Research, for extending two complimentary tickets per member firm for the event again this year. If you and/or members of your team would like to attend, please could their names be emailed directly to sue.westwood@euroirp.com at Euro IRP and we will pass on our attendee list to Substantive Research.
Information about the conference will be hosted on our website’s event page next week, with a click through to the latest agenda for the event. Whilst we are making changes to our website, please find attached the latest version of the conference’s agenda.
We very much look forward to seeing our members at the conference on 13 November and welcome them to visit our conference stand.
For those members traveling to the UK for the Substantive Research conference please be aware that Euro IRP will be hosting a special Euro IRP Member event with Mike Mayhew, Integrity Research, the day before on Monday 12 November. Please see our evite for further details or write to sue.westwood@euroirp.com for a copy.

Breakfast Briefing - Research Evaluation to Drive Alpha post MiFID II
2018-11-22 08:00 - 17:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
Euro IRP have been invited to present at the forthcoming VTFinTech and Alphametry breakfast event on Thursday 22 November. Steve Kelly, Euro IRP Special Adviser, will be one of the guest speakers discussing the independent research sector post MiFID II, highlighting aspects of our 2018 Members Study report.
Fabrice Bouland (Alphametry) and Vishnu Thurpati (VTFinTech) are jointly hosting this event to throw light on emerging technologies and solutions that are bridging the gap to ensure quality research drives Alpha for the buy-side. Expectations of the buy-side for research in the current post MiFID II landscape will also be explored.
Euro IRP have been kindly offered a limited number of complimentary tickets for this event for our members by the organisers. If you would like your member firm to be represented at this event, please write to Susan Westwood, Membership Secretary by email sue.westwood@euroirp.com.
Euro IRP will be allocating the tickets on a first come basis, one ticket per member firm.
Agenda
8:15-8:45 – Breakfast & Networking
9:00-9:15 – Buy-side expectations from research post MiFID II
9:15-9:30 – Independent Research post MiFID II (Euro IRP Members Study presented by Steve Kelly)
9:30-9:45 – An objective approach to research evaluation and discovery

SOCIETY OF TECHNICAL ANALYSTS SPECIAL PANEL DISCUSSION
2018-11-22 18:30 - 20:30
This time last year Euro IRP took part in a special panel discussion, hosted by The Society of Technical Analysts, to discuss the impending implementation of MiFID II in January 2018.
One year on, The Society of Technical Analysts are meeting again to discuss how things have changed under MiFID II. Euro IRP are delighted to be taking part in this MiFID II panel discussion again this year and will be joined by Jeremy Davies, Founder of RSRCHXchange and Tim Parker, CEO of Messels, an Euro IRP and STA Member. The panel will be moderated by Tom Hicks, STA Executive Committee member.
The Society of Technical Analysts have kindly extended an invitation to our Euro IRP Members to join their members at this special STA Meeting on Thursday. Any Euro IRP members wishing to register for this event should e-mail Katie Abberton of the STA directly at info@sta-uk.org.
DEADLINE FOR REGISTRATION – 12 noon Wednesday 21 November

Bloomberg Breakfast Briefing
2018-12-05 08:00 - 10:30 | Bloomberg New European Head Quarters, London, 3 Queen Victoria St, London, EC4N 4TQ, United Kingdom
BLOOMBERG BREAKFAST BRIEFING
GUEST SPEAKER – TRAVIS BARKER, COO, HSBC ASSET MANAGEMENT
We are delighted to be able to invite our Members to a Bloomberg Briefing, hosted at their new European Headquarters in the heart of the City of London, exclusively for Euro IRP on Wednesday 5 December.
Bloomberg has organised a very engaging agenda for this special event which will provide our members with viewpoints from Bloomberg’s policy analyst speaking about MiFID II, sell-side specialist discussing research distribution and the importance of raised visibility in such a competitive marketplace, as well as their buy-side specialist sharing insights into buy-side work flows.
8.00am Registration
8.00am-8.30am Welcome Refreshments and Breakfast
8.30am-10.30am Bloomberg Briefing
. Welcome – Bloomberg / Euro IRP
. MiFID II Update – Sarah Jane Mahmud, Senior Policy Analyst
. Guest Speaker – Travis Barker, COO, HSBC
. Bloomberg Buy-side Specialist (to be advised)
. Bloomberg Sell-side Specialist (EmmaKate Cashmore)
. Bloomberg Publishing Tools – Nick Joseph
10.30am Close
Nick Joseph, Bloomberg Global Head of Research Management Solutions, will also be presenting to our members on Bloomberg’s new publishing platform and tools.
Bloomberg’s guest speaker is Travis Barker, COO, HSBC Asset Management, who will be sharing his unique buy-side insight into the market for independent research, how HSBC source and procure independent research, find new content and providers and how they consume, audit and evaluate non-broker research compared with broker research.
Travis will conclude with his advice on what he feels independent research providers should be doing in the current climate to make themselves seen and heard by the buy-side.
Time will be allocated for questions.
Whilst this event is hosted in London it will be video linked to Bloomberg offices in Paris, Munich and Zurich to ensure as many of our members have the opportunity to join the event as possible.
The event will require registration and security which will require photo ID. Registration will open at 8am, followed by breakfast with welcome refreshments served before the presentations which will be held in Bloomberg’s new auditorium from 8.30am.
We ask that members who want to join this event are available from 8am, to ensure that they have ample time to register and pass through security, until 10.30am when the event will end.
If you would like to reserve your place(s) at this event, or know of colleagues within your member firm who would like to attend, please reply directly to sue.westwood@euroirp.com with your full name, job title and member firm name. We will reserve spaces in London unless advised otherwise.

NEW YEAR Membership Event
2019-01-09 12:15 - 14:15 | Balls Brothers (formerly The Gallery), 10-11 Austin Friars, London, EC2N 2HG, United Kingdom
Euro IRP will be hosting their New Year’s Membership Event on Wednesday 9th January, 2019.
We were delighted to welcome so many of our members to our event last year, and are very much looking forward to welcoming all our membership this year.
Together with our existing membership we will be welcoming prospective new members and our working partners who, over the last decade, have supported the work of the association and the independent research sector.
We host this event, every New Year, in the hope of creating an informal and friendly setting not only for Euro IRP to wish our membership a happy New Year, but provide networking opportunities with other member firms, as well as our working partners.
RSVP by 8 January 2019

SPECIAL MEMBERS MEETING AND PANEL DISCUSSION
2019-02-25 16:30 - 20:00 | Chartered Accountants Hall, One Moorgate Place, Moorgate, London, EC2R 6EA, United Kingdom
SPECIAL MEMBERS MEETING DISCUSSION- Keynote Address by Andrew Bailey, CEO, FCA
We are delighted to announce that Andrew Bailey, CEO of the FCA, will give the keynote address at our special members meeting on Monday 25 February, with the FCA being in attendance throughout the meeting to hear members’ concerns and issues directly, alongside Patrice Aguesse, Head of Market and Post Market Regulation Policy Division, AMF.
Following Andrew Bailey’s keynote address, Chris Deavin, Chair, Euro IRP, will moderate a panel to discuss how MiFID II is working in practice and how it is affecting the investment research market.
Panel speakers:
– Mhairi Jackson, Manager, FCA
– Stuart Howard, Head of Investment Operations, Invesco
– Julia Ashworth, CFO + COO Arete Research / Non-Executive Euro IRP Director
– Mike Carrodus, Founding Partner + CEO, Substantive Research
This special event is an exceptional opportunity for our Euro IRP members to discuss and debate issues affecting the independent research sector directly with the UK regulator.
Euro IRP has consistently sought to ensure regulators and asset managers are truly aware of the priorities and concerns of independent research providers, and we hope very much you are able to attend to enable your member firm to be represented and your voice heard.
The panel discussion will include time for Q&A from our Members.
Following this event the FCA published Andrew Bailey’s speech. Click hereto read the keynote address in full.

BREXIT BRIEFING - Possible implications for IRPs
2019-03-13 15:30 - 16:30
We are pleased to announce a timely call led by Michelle Kirschener, a Partner with the law firm MacFarlanes LLP, and an expert in financial services regulation.
During the call, with the information available at the time, and with relation to IRPs only, Michelle will discuss such questions as:
– When could Equivalence come into effect?
– What happens in a no-deal Brexit?
– How could “reverse solicitation” be used?
Michelle will also touch on other topics of interest to IRPs such as the capital requirement threshold changes.
Please RSVP to sue.westwood@euroirp.com to let us know whether you will be joining the call and for dial in details.
The format of the call will be that after an introduction from Chris Deavin, Euro IRP Chair, Michelle will discuss the topics, and provide overall advice and guidance. To keep the call and noise levels manageable we will not be opening up the line to questions.
If you have questions now, on which you would like Michelle to comment, please email Steve Kelly directly at steve.kelly@euroirp.com to let us know beforehand, so we can ensure these are addressed.
Additionally, if you have a question that arises during the call you can e-mail Steve, during the call, and we will endeavour to address common issues.

AN EVENING WITH RT HON. ALAN JOHNSON
2019-03-27 18:00 - 22:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
AN EVENING WITH RT HON. ALAN JOHNSON HOSTED BY THE BRAND EXCHANGE
DISCOUNTED TICKETS AVAILABLE EXCLUSIVELY TO EURO IRP MEMBERS
The Brand Exchange are hosting a very special event on Wednesday 27 March – An Evening with the Rt. Hon. Alan Johnson, Former Home Secretary.
Alan Johnson will be sharing insights into his political career in Westminster, from Trade Union ranks to becoming General Secretary of the Communication Workers’ Union, before being invited by Tony Blair to stand for election in 1997. Having held several posts in the Blair and Brown governments, including Work & Pensions Secretary, Education Secretary, Health Secretary and Home Secretary, he retired in 2017 after being a leading figure in Labour’s failed Remain campaign in 2016 and I am sure he will share his opinions on a post-Brexit Britain at some point during the evening!
Despite being a Brand Exchange Member only event, the Brand Exchange have very kindly opened this event up to Euro IRP members, whilst tickets are still available, and will extend a further 10% discount on the £55 (per person) ticket price.
Tickets include cocktails served in the Brand Exchange members lounge made exclusively by the City of London Distillery and a canape reception.
To purchase your discounted tickets and reserve your place at this very special event, please email sue.westwood@euroirp.comfor your special Euro IRP Member discount code, before emailing The Brand Exchange directly to l.jones@brandexchange.com(quoting the discount code) to purchase your tickets. Please note that payments will be taken by credit card and confirmation of your purchase together with your tickets and communications about this event will be sent directly from The Brand Exchange.

VTFINTECH BREAKFAST BRIEFING RESEARCH OPTIMISATION FOR GENERATING AND RETAINING ALPHA
2019-05-01 08:00 - 10:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
BREAKFAST BRIEFING – RESEARCH OPTIMISATION FOR GENERATING AND RETAINING ALPHA
May 1, 2019 8:00 am – 10.00am
COMPLIMENTARY TICKETS FOR EURO IRP MEMBERS
Following the success of their Breakfast Briefing last November, VTFinTech and Alphametry will be returning to The Brand Exchange on Wednesday 1 May to discuss the topic of research optimisation for generating and retaining alpha.
Industry experts have been invited to share their insights about the role of optimising research in generating and retaining alpha post-MiFID II and the evolving methodologies for research optimisation. Speakers will share their personal experiences with technologies and solutions in utilising the research. Discussion will also focus on how objective research evaluation can actually lead to better outcomes for both buy-side and sell-side.
If you are interested in understanding the emerging trends in research and research evaluation, your complimentary ticket can be reserved directly via the Event Brite website, following the link below and choosing the Euro IRP member category when registering.
Registration link: https://www.eventbrite.co.uk/e/research-optimisation-for-generating-and-retaining-alpha-tickets-59779373716
Please note this is not a Euro IRP event. All communication regarding this event should be forwarded to VTFinTech at info@vtfintech.com or on 07471 598423.
Agenda:
8:00-8:45 – Breakfast & Networking
8:45-9:00 – How research is evolving and buy-side expectations
9:00-9:30 – Buy-side views on research: trends and analysis
9:30-9:45 – Research evaluation: how to measure the true performance of historic recommendations

SQUAREBOOK EVENT - THE IPO PROCESS: CAN INNOVATION AND REGULATION REIGNITE THE MARKET?
2019-05-01 08:30 - 12:30 | The Brewery, 52 Chiswell Street, London, EC1Y 4SD, United Kingdom
SQUAREBOOK EVENT – THE IPO PROCESS: CAN INNOVATION AND REGULATION REIGNITE THE MARKET? 9:00AM TO 12:30PM (BREAKFAST & REGISTRATION FROM 8:30AM)
Euro IRP has been invited to take part in a panel discussion on the UK IPO Process at Squarebook’s IPO event on Wednesday 1 May. Euro IRP played a pivotal role in the drafting of the new guidelines with the FCA and AFME to ensure equal access for independent research providers and Julia Ashworth, Euro IRP Director, who led the discussions on behalf of our members, will be representing Euro IRP at these panel discussions on 1 May.
Squarebook’s event sets out to examine how technology and regulation will shape the evolution of primary markets through a series of panel discussion, with Mhairi Jackson, FCA, Manager of Wholesale Conduct and Markets Policy, opening with a keynote address.
Alongside Julia Ashworth will be industry leaders from investment banks, advisors, investors and growth firms at various stages of the capital-raising process, with representatives from PwC, Baillie Gifford, London Stock Exchange, Project Heather (Scottish Stock Exchange) and Schroders.
Panel discussions will reflect on how recent rule changes have impacted the IPO process from an intermediary and end user perspective, and consider the way ahead for the industry.
If you interested in an opportunity to discuss how regulatory and technological change will shape the IPO process in the future, you can register for the event via the Event Brite website using the registration link below.
Registration link: https://www.eventbrite.co.uk/e/the-ipo-process-can-innovation-and-regulation-reignite-the-market-registration-58285587762
Please note this is not a Euro IRP event. This event is free therefore open to all our Euro IRP members interested or involved in the IPO Process. Registration is essential as we have been advised places are limited.
All communication regarding this event should be forwarded to Mandy Price at Squarebook on mandy.price@squarebook.co.uk

2019 AGM – SAVE THE DATE
2019-05-16 16:00 - 19:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
We are delighted to announce to our members that our 2019 Annual General Meeting will be held on Thursday 16 May 2019, at The Brand Exchange in the City of London.
At this critical time for our industry, our aim will be to focus on what is at the forefront of the members’ interests in the independent research sector, with our aim for the AGM’s agenda to provide the opportunity for discussion, debate and shared learning.
Further details of our AGM together with an Agenda will be published to Euro IRP members in early April.
Strictly members only meeting
RSVP deadline Friday 10 May 2019

UNBUNDLING UNCOVERED USA CONFERENCE, 2019 – SUBSTANTIVE RESEARCH
2019-06-12 09:00 - 20:30 | Metropolitan Club, One East, 60th Street, New York, NY, United States
UNBUNDLING UNCOVERED USA CONFERENCE, 2019 – SUBSTANTIVE RESEARCH
COMPLIMENTARY PASSES FOR EURO IRP MEMBERS
Following the success of Substantive Research’s Unbundling Uncovered Conferences in both London, and New York, Mike Carrodus and his team will be returning to the Metropolitan Club for their second Unbundling Uncovered Conference in the US.
Over 400 buy and sell side delegates joined Substantive Research in London last November, with many of our members taking advantage of the complimentary tickets offered to Euro IRP, for a day of high quality debate and analysis.
As Mike and his team move the event to New York in June, the conference will be asking … How can the US Market benefit from the positive trends while ensuring it avoids the pitfalls? Will a global standard of best practice emerge? Now that some US firms have decided to pay for research themselves will we see the rapid shift that happened in Europe in 2017?
The conference is set to build on the success of 2018, with six discussion panels, over 25 panel speakers and a key note address delivered by the Financial Conduct Authority.
We are therefore incredibly grateful to Mike Carrodus for extending (a maximum of two) complimentary passes to the event in New York to enable all our US based Euro IRP members to take part again this year.
Attendance at this conference will afford our members the opportunity to hear industry leaders from the US and Europe discuss the direction and pace of change for the US investment research industry. With panel discussions covering issues such as balancing costs vs needs for quality research, valuation and budgeting, changes in providers business models and products, corporate access and operational best practice.
You can learn more about the conference and agenda here.
To register for your complimentary tickets please email Mike Carrodus, Substantive Research, directly at mike@substantiveresearch.com

2019 Members Study Report Launch
2019-10-29 12:30 - 14:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
We are delighted to be hosting an event exclusively for our members to launch our 2019 Members’ Study Report, presented by Steve Kelly, at The Brand Exchange on Tuesday 29 October.
The primary aim of our study is to capture valuable data about the independent research sector and our membership, highlighting the key questions and issues they face in their business, to generate valuable trend data. At this critical time for our industry it has never been more important for us to ask our members for their feedback.
We would like to take this opportunity to thank all our members who have taken part in our survey this year and supported us with this important initiative.
If you are yet to take part in the survey there is still time – we are keeping our survey open online to give every one of our members the opportunity to contribute to the 2019 survey. If you require your unique survey link to be resent please contact Sue Westwood immediately for support.
As regulators put research pricing under close scrutiny, and with the recent publication of the FCA’s Research Pricing Review last month, we continue to collect evidence to support our genuine concerns on unfair competition, and the aggressive practices of the investment banks. Euro IRP remains the recognised voice of the independent research sector by the regulators, with the FCA publicly attesting their support for a vibrant, healthy independent research sector. Our Euro IRP Members Survey is quickly becoming established as a vital source of information, especially in light of the regulators wanting more “real” data on the market.
We have asked Steve Kelly to prepare a full report, with analysis of the survey findings, a copy of which will be available in early November to all our Euro IRP members. Prior to publication, our members will have access to key findings from the report during this special presentation and Q&A with Steve Kelly. A sandwich lunch will be served with welcome refreshments from 12.30pm, to give members the opportunity to arrive early, to speak with Steve Kelly and the Euro IRP Executive, as well as networking opportunities with other Euro IRP members. Our presentation will start at 1.00pm with time for Q&A.
We very much look forward to welcoming our members to this event.

Special Members Meeting and ESG Panel Discussion
2019-11-11 16:30 - 18:00 | The Brand Exchange, 3 Birchin Lane, London, EC3V 9BW, United Kingdom
What are the opportunities for IRPs to support the growing need for ESG Research?
Environmental, Social & Governance issues are rapidly becoming mainstream in the investment business; ultimately, a corporate ESG rating may become as significant as a corporate credit rating.
The sourcing, validating and interpretation of ESG data will be key in the development of sustainable investing. Euro IRP are therefore delighted to be hosting a Special Members Meeting, with a panel discussion, to debate questions surrounding ESG, how it is affecting the industry and what opportunities may arise for IRPs.
With many members wanting to learn more, we hope this special meeting will not only be an opportunity to meet and network, but also be a forum for debate with, and insight from, industry experts. We are aware that some of our members are already working with their clients on ESG research practices and we hope this event will attract the interest of your analysts who might like to attend. We’ll also be inviting some special guests to the event to enrich the debate!
We are indebted to Steve Kelly, CEO, Euro IRP, who’ll chair the 4-speaker panel.
Simon Howard, Chief Executive, UKSIF (UK Sustainable Investment and Financial Association), since May 2013. Prior to joining UKSIF Simon was a CIO with over 20 years’ experience of the of investment management industry. In his City career he held the position of Group Chief Investment Officer at Liverpool Victoria, Head of Investments at Friends Provident and Managing Director at 3i Asset Management. Prior to joining UKSIF, Simon was Head of Sustainable Financial Markets at the charity Forum for the Future.
Assheton Carter is a pioneering consultant on business sustainability, a social entrepreneur and a responsible investment advisor. For the last 25 years of his career he has been dedicated to creating value through business that benefits both shareholders and society.
Neil Fatharly is a Senior Consultant at The Wisdom Council, and has an extensive asset management industry career of over 25 years, working with leading fund managers such as M&G, Standard Life and T Rowe Price and global consultancy firms. Neil’s investment distribution industry experience spans both institutional and wholesale sectors in the UK, Continental Europe and Asia with exposure to ESG and SRI from a product development and client perspective.
Mike Mayhew is founder of Integrity Research, based in the US, and is one of the leading experts on the investment research industry. Mike is an author for ResearchWatch, Integrity Research’s news feed and has written extensively on the investment industry in the US, independent research and more recently reporting on changes in investment practice such as the use of ESG sentiment data.

Unbundling Uncovered Conference 2019 – Substantive Research
2019-11-12 09:00 - 18:00 | Institute of Directors, 116 Pall Mall, London, SW1Y 5ED, United Kingdom
Over 350 attendees attending the Substantive Research’s Unbundling Uncovered conference last year for a day of high quality debate and analysis. Following a hugely successful New York conference, Mike Carrodus and the Substantive Research team bring the conference back to the Institute of Directors in London for the 5th Unbundling Uncovered event. Interest in this year’s conference has been unprecedented, with registered delegates looking forward to hearing industry leaders discuss how their approaches to research budgeting, valuation and compliance worked out in practice post MiFID II. This promises to be an engaging and exciting conference over one day, with six panels, featuring nearly 30 panel speakers.
Euro IRP will again this year be represented both with a conference stand and on a panel.
We are incredibly grateful to Mike Carrodus, Founder & CEO, Substantive Research, for extending two complimentary tickets per member firm for the event again this year. If you and/or members of your team would like to attend, please could their names be emailed directly to sue.westwood@euroirp.com at Euro IRP and we will pass on our attendee list to Substantive Research.
We very much look forward to seeing our members at the conference on 12 November and welcome them to visit our conference stand.

New Year – Membership Event
2020-01-14 12:15 - 14:15 | Balls Brothers (formerly The Gallery), 10-11 Austin Friars, London, EC2N 2HG, United Kingdom
We were delighted to welcome so many of our members to our New Year’s Drinks in January this year, and with 2019 drawing to a close, we are already looking forward to returning to The Balls Brothers Austin Friars Bar and Restaurant for our 5th year, to welcome our members to join us in our celebrations to herald in the New Year. Our event will be held on Tuesday 14 January, 2020 and we very much hope that you will be able to join us.
Together with our existing membership, we will be welcoming our newest members due to join the Association in January 2020, as well as prospective members and our working partners who for over a decade have supported the work of Euro IRP and the independent research sector.
Our aim is always to host an event which creates an informal and friendly setting not only for Euro IRP to welcome in the New Year with our members, but provide networking opportunities with other IRP member firms, as well as our working partners, such as Substantive Research, Worldflow, Bloomberg, Frost Consulting, IRF and CSFI to name just a few of our guests.
Whether you are dropping in for a glass of wine and a canapé whilst in the City, or staying a little longer to meet and mingle with other members over lunch, we are very much looking forward to warmly welcoming you all.

Global Independent Research Conference, 2020
2020-02-03 08:00 - 18:00 | 1 Wimpole St, 1 Wimpole St, Marylebone, London, W1G 0LZ, United Kingdom
Global Independent Research Conference, Monday 3 February 2020 – London.
Gael Tissier, Founder, Research for Investors, has announced the 5th Global Independent Research Conference will take place in London on Monday 3 February 2020.
With a target audience of buyside institutions, the conference will continue to offer IRPs the opportunity to raise their profile – engaging with investors, setting out opinions, debating views and learning more about market sentiment.
Euro IRP will as before be supporting the conference with our presence on the Euro IRP stand promoting the association’s work, and that of our members, to the buyside audience. We have also been able to arrange that, for the first time, immediately following the keynote address (slated to be from the FCA), Euro IRP will have the podium to speak to all attendees about the value and differentiated quality that independent research provides. Our attendance at this, and other conferences, in 2020, reflects our continued commitment to increase our engagement with the buyside and promote the independent research industry, on behalf of all Euro IRP members.
We have also arranged for exclusive opportunities for our Euro IRP members to support the conference through marketing and sponsorship packages, as well as panel speaker slots on one of many panel discussions being held throughout the day.
Members wanting to attend the conference can also take advantage of early bird pricing, extended exclusively for Euro IRP members to 15 January 2020 with 50% ticket discount applied for our fully subscribed Euro IRP members.

Member Discussion Group - Getting back to the office post lockdown
2020-06-17 15:00 - 16:00 | Online Member Event
We know that many of our members have been faced with operational challenges managing their independent research businesses during the COVID lockdown. Traditional office based teams have adapted to remote working business models, enabling them to continue publishing their insights and research to clients at a time when it is most needed.
As new cases of the virus are beginning to decline in many countries, respective Governments are beginning to ease lockdown measures and transition to a “new normal”.
Thoughts are now turning to reopening offices and the measures needed to provide COVID-safe environments for staff. Many of our members are now grappling with such operational issues, and whilst the situation in each member country will differ, the challenges of when and how offices can open are the same. We believe there is strength in our collective experience and our aim is to bring members together to discuss these issues.
We would therefore like to host our first Euro IRP Discussion Group, via Zoom, on Wednesday 17 June, at 3pm (BST).
The Discussion Group will be hosted by AlphaValue using Zoom and will be open to all members. Tim Parker, Euro IRP Executive Director, will be chairing the meeting, which has been specifically designed to allow members to discuss their approach to, and decisions about, reopening their offices. Whilst the conversation may focus on key themes such as employee engagement programmes, communication strategies and risk management, we are proposing to offer this meeting without a fixed agenda to promote open and collaborative discussion.
Tim Parker will open the Discussion Group by introducing three Euro IRP members: Julia Ashworth, COO + CFO, Arete from London; Pierre-Yves Gauthier, Founding Partner, AlphaValue from Paris; and Jason Glazer, COO, Cornerstone Macro from New York, and will ask them to share their experiences, thoughts and concerns about the challenges they are currently facing. We hope this “Three Cities Viewpoint” will provide three unique insights into how individual members are approaching the challenges of post lockdown business life and help to open up the Discussion Group to the wider membership, enabling us to discuss shared concerns and common themes. We would stress that this is an open discussion session, and not a Q&A meeting, but if you have particular topics you would like to be discussed, then please let us know ahead of the meeting.

Unbundling Uncovered USA Conference 2020
2020-06-24 13:00 - 18:00 | Online Conference
Due to the COVID-19 pandemic, the Substantive Research Unbundling Uncovered conference, due to have taken place in New York this month has had to be, understandably, postponed.
We understand that Mike Carrodus and his team hope to return to The Metropolitan Club on 5 October 2020, and has kindly extended the offer of two complimentary passes to each Euro IRP member firm who would like to attend this New York conference in October. Members can put this date in their diaries by way of a “save the date” and we will ensure that you are kept up to date on news from Substantive Research later in the year, and how you can secure your tickets, if the conference can take place.
In the meantime the Substantive Research have been adapting to a changing landscape and will be hosting their first virtual Substantive Research conference next Wednesday, 24 June.
As Mike Carrodus advises … “There have already been dramatic changes in supply and demand in the last 3 years driven by regulatory and industry trends, with asset managers globally having adopted rigorous and transparent research valuation and budgeting processes. This transformation has created challenges, and both buyside and sellside are navigating a market that is in the process of clearing for price whilst simultaneously dealing with the fallout from COVID-19. Discussion panels will cover global best practices in research management, research valuation and budgeting, providers’ business models and how they are adapting during the crisis, and corporate access post-COVID-19.”
As many of our members are aware, these conference, both in London and New York, attracted over 400 participants last year, providing Euro IRP and its members an opportunity to attend a day of high quality debate and analysis. We are very much looking forward to returning to Substantive Research’s conference in London on 10 November 2020, but in the meantime our members can take this opportunity to register for free for next Wednesday’s online conference.
To find out more about next week’s conference, including a full agenda, with timings and discussion panel information, go to https://unbundlinguncovered.vfairs.com/
Members can registered free by clicking the REGISTER button at the top of the page and completing their personal details and choosing “IRP” from the Attendee Type drop down box. Any members experiencing problems registering can write to Mike Carrodus at info@substantiveresearch.com

Neil Scarth Presentation – Exclusive to Euro IRP Members
2020-06-25 16:00 - 17:00 | Online Member Event
EURO IRP SPECIAL WEBINAR PRESENTATION BY NEIL SCARTH
RESEARCH SPEND AND TRANSATLANTIC REGULATORY DIVERGENCE – WHAT HAPPENS NEXT?
We are very pleased to welcome Neil Scarth to talk to our members, via our first Euro IRP Webinar, about his latest research spending database findings and the implications of both the COVID-19 crisis and regulatory divergence on the global research market and for IRPs in particular.
Neil Scarth is the founding partner of Frost Consulting and a leading authority on the global investment research procurement value chain. Neil’s reputation is well known within the investment research community and we are sure all members will value this opportunity to share his unique insights.
Our Webinar will be hosted by Chris Deavin, Chair, and start at 4pm (London) and last for approx 45 mins, including a Q&A session following the main presentation.
Webinar Agenda:

Research Spending database Results
Frost EvercoreISI Trans-Atlantic Research Spending/Performance Report
Impact of COVID-19 on research budgets going forward
Transatlantic Regulatory Considerations – US/UK/EU
Implications of Regulatory Divergence
What IRPs Can Do?

– Resource Allocation
– Further Advocacy – in conjunction with other industry participants/regulators/ governments?
– ESG – A Green Way Forward?

Exclusive Euro IRP Members Event - Advance Results of the 2020 Members' Study
2020-07-27 15:00 - 16:00 | Online Member Event
We were delighted to launch, last month, our Annual Members Survey, now in its fourth year, the primary aim of which is to capture valuable data about the independent research sector and our membership, highlighting the key questions and issues faced in their businesses today, to generate valuable trend data. At this critical time for our industry, with the backdrop of COVID and with Brexit on the horizon, this year’s survey has never been more important to capture the sentiment of our members.
We are hosting this online event, on Monday 27 July, exclusively for our members with Steve Kelly, who will be sharing the first insights into the report’s findings, importantly before it’s publication in early August. Sadly, due to COVID-19 we are still unable to host meetings at The Brand Exchange, but we are very much looking forward to welcoming our Members to an online presentation, hosted via Zoom, and will comprise of a presentation by Steve Kelly, followed by a Q&A session regarding the survey’s outputs.
We have decided to host this event via a Zoom Call, and not a Zoom Webinar, to enable interaction between Steve Kelly and our members during the Q&A session. Whilst we have been using Webinar platforms for more formal presentations, we feel that this medium is more suited to external presenters with written Q&A with our members, whilst a Zoom Call will allow a more personal Q&A when we are presenting to you all.
Members will still need to RSVP to this invitation to receive a link to join Zoom and password to join the presentation. Once you have RSVP’d you will receive a confirmation of your place and 24 hours before the event you will be sent your login to join the call.
As in previous years we have asked Steve Kelly to prepare a full report, with analysis of the survey findings, a copy of which will be available in early August to all our Euro IRP Members. The final published report is shared with the press, media, other financial institutions, and importantly the regulators, as they continue to put research pricing under close scrutiny in 2020. The annual survey is not only an initiative to raise the profile of independent research, but also a valuable tool to continue to collect evidence to support our genuine concerns on unfair competition, and the aggressive practices of the investment banks. Euro IRP remains the recognised voice of the independent research sector by the regulators, and our Euro IRP Members Survey is quickly becoming established as a vital source of information, especially in light of the regulators wanting more “real” data on the market.
We would like to take this opportunity to thank all our members who have taken part in our survey this year and supported us with this important initiative. Without your support our annual Study is simply not possible. Thank you.

Roundtable Discussion with FCA on SME Research
2020-08-24 14:00 - 15:00 | Online Member Event
The Financial Conduct Authority (FCA) has asked Euro IRP for a roundtable discussion meeting on SME Research, and is open and keen to hear the views from Euro IRP members. The meeting will be held on Monday, 24 August starting at 2pm (London time), and should probably last for 60-90 minutes. It will, of course, be a virtual meeting – on Microsoft Teams. If you would like to join this meeting, please let Sue Westwood and/or Steve know, and we will provide the link to you.
This meeting has been initiated by the FCA, and will be hosted and led by them. Euro IRP had one of our regular discussions with the FCA a few weeks ago, as part of our ongoing dialogue, and it’s a clear sign of how much the FCA sees Euro IRP as the voice of independent research providers, that they have now reached out again to us to directly collect views and feedback from Euro IRP member firms. This invitation is open to all Euro IRP members, but clearly as the outline agenda shows below, the focus of the discussion is entirely on the question of SME research. Euro IRP issued a Regulatory Update on 24 July outlining the European Commission’s proposals, with a further update in our July Bulletin published on 31 July to all our members.
Euro IRP will circulate a brief summary of the discussion after the meeting, for those members interested, who are unable to join on the day.
The agenda from the FCA is as follows –

Introductions
FCA overview of policy thinking on possible options to encourage SME research
Discussion on Euro IRP and members’ views on the value of SME research
Preliminary thoughts on the European Commission’s quick fix proposals for SME research
AOB

Euro IRP AGM + Special Panel Discussion
2020-09-24 15:00 - 18:00 | Online Member Event
NOTICE OF 2020 ANNUAL GENERAL MEETING
The Annual General Meeting of The European Association of Independent Research Providers Limited (Euro IRP) will be held on Thursday 24 September 2020
Due to COVID-19 The European Association of Independent Research Providers Limited will host the 2020 Annual General Meeting online, to comply with social distancing guidelines. All Euro IRP members will be sent formal notice of the 2020 AGM. Euro IRP Members must RSVP to this notice no later than Monday 21 September 2020.All Euro IRP members attending the AGM must be pre-registered to enable authorised access to the AGM.
Draft Agenda
3.00pm-3.30pm (BST) Welcome to the online Members’ Networking Suite
3.30pm-4.15pm (BST) Annual General Meeting
4.30pm-5.30pm (BST) Special Members’ Panel Discussion
RSVP Required by Monday 21 September 2020
Following the postponement of our AGM in April, we are delighted to be able to formally announce our 2020 Annual General Meeting will be held on Thursday 24 September, 2020 at 3pm (BST).
We will be hosting the 2020 AGM, for the first time, online in a virtual meeting space. We hope this, our first virtual AGM, will offer access to all the membership, networking opportunities, engagement with other members and the Executive, as well as participation in our special panel discussion. The AGM is our pivotal meeting in the membership’s events calendar and encourage all our members to attend.
For Euro IRP to be able to host the meeting securely online, we will require all members to respond to our notice no later than Monday 21 September 2020. All members attending the AGM will need to be pre-registered for this event, with a profile and password, to access the platform on 24 September.
Our theme for the 2019 AGM was “The Future, a time for change” and little did we know what change would be upon us in 2020. The industry has faced MiFID II, Brexit and now COVID to challenge us and Chris Deavin will be taking the opportunity to share his thoughts of the last 18 months including the recently published Members’ Survey Report, as he prepares to hand over the role of Euro IRP Chair this year. We will be welcoming Julia Ashworth and Pierre-Yves Gauthier as new Co-Chairs for 2020, and together they will share their vision for the future. We will leave time for an open Members Discussion with both Julia and Pierre-Yves at the end of the AGM. Members will require camera and microphone to be able to join the AGM and engage with other members and the Executive during the event.
Following our AGM, Chris Deavin will be chairing a special AGM Panel Discussion, as planned in April. We are delighted to be able to welcome our original guest panel speakers to discuss with Euro IRP their unique perspectives on the industry. All members who register for our AGM will have access to this special panel discussion.
Guest panel speakers:
– Bashar AL-Rehany (BCA Research)
– Travis Barker (HSBC Global AM)
– Edward Blad (Independent Research Forum)
– Mike Carrodus (Substantive Research)
We look forward to seeing our members at the Euro IRP 2020 AGM this year.

Unbundling Uncovered 2.0 Conference 2020 - Substantive Research
2020-10-20 12:00 - 18:00 | Online Conference
700+ attendees joined Substantive Research’s first online conference in June 2020 to debate the key implications of the regulatory and COVID-driven virtual environment on US and European research markets.

On 20 October the Substantive Research team will return for their second Unbundling Uncovered 2.0 online conference, bringing together the investment research industry to discuss topics ranging from research valuation mismatches driven by virtual interactions and the buyside’s move to greater independence in corporate access to the the changes to MiFIDII and defining best practices for investment research procurement.

Euro IRP are delighted to be joining the conference this Autumn by taking part in the first Panel Discussion of the conference, Dealing with Multiple Regulatory Approaches to Research, moderated by Neil Scarth, Principal, Frost Consulting (1.25-2.15 BST)

Whilst we can not attend conferences in person this year, as we had hoped, we are looking forward to being a sponsor at the Unbundling Uncovered 2.0 online Conference, and having a voice on the panel discussion as well as being present via our exhibition “stand” on Substantive Research’s new conference platform.

We are incredibly grateful to Mike Carrodus, Founder & CEO, Substantive Research, for extending two complimentary tickets per member firm for this online event. If you and/or members of your team would like to attend, please could their names be emailed directly to Alysson at Substantive Research at alysson@substantiveresearch.com ensuring that “Euro IRP MEMBER” is in the subject title line to ensure members qualify for these free tickets.

Following the success of the June event, this follow up conference is set to attract in excess of 700 attendees, for an afternoon of high quality debate and analysis, across five discussion panels, featuring key speakers from the investment research industry. We very much hope all our members will have an opportunity to attend.

Substantive Research’s new conference platform will provide a unique opportunity to network with sponsors, panel speakers and other attendees as well as meet one-on-one during the conference.
