Annual Investment Forum

13NOV 2019
9:30 am

Purcell Room at Queen Elizabeth Hall
Southbank Centre, Belvedere Rd, London SE1 8XX

Charity Investment Forum 2019

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You can download the presentation slides or watch the presentation recording below


Inescapable Investment Truths

It’s an inescapable truth that for long-term success, long-term investors need to adapt to long-term trends. You are invited to join us at our annual Charity Investment Forum to hear from charity investment experts and sector leaders, who will discuss the topics that will matter to charity investors over the next decade.

We are delighted to welcome Dame Stephanie ‘Steve’ Shirley, who will share her personal journey from a child in Nazi Germany and Kindertransport refugee to successful entrepreneur and philanthropist. We will also be joined by influential journalist and host of BBC Radio 4’s Today programme Justin Webb, who will discuss the world’s shifting political landscape.


09.30  Registration and breakfast

10.00  Demographics: A changing global economy
           Keith Wade, Chief Economist, Schroders

10.30  Disruption: The next decade in equity markets
           Alex Tedder, Head of Global Equities, Schroders

11.00  Coffee break

11.30  A sustainable future
            Jessica Ground, Global Head of Stewardship, Schroders

12.00  Let it Go
           Dame Stephanie Shirley

12.45  Lunch and networking

           The diversity challenge 
           Susan Cordingly, NCVO and Saba Shafi, The Advocacy Academy 
           Looking through the noise
           Tom Montagu-Pollock and Emily Petersen, Cazenove Charities

           Stronger Foundations
           Carol Mack, CEO, ACF
           Should public benefit requirements extend to investments?
           Anita Bahtia, Guys & St. Thomas’ Charity, Jen Hooke, Thirty Percy & Richard Jenkins, Tudor Trust

15.15  Politics today
            Justin Webb

16.00  Close

Break out sessions

The diversity challenge - Susan Cordingly, NCVO and Saba Shafi, The Advocacy Academy
This breakout session will discuss how to improve diversity in decision making within charities and foundations. According to Charity Commission research, seven out of ten trustees are men, and the median age is 61 years. Concerns of a disconnect between board members and beneficiaries have prompted the sector to respond with action to improve diversity; we’ll hear some of these ideas from Susan and Saba.

Looking through the noise – Tom Montagu-Pollock and Emily Petersen, Cazenove Charities 
Investment markets can be volatile. How can trustees build up the financial resilience of their charity to ensure that market volatility doesn’t disrupt spending? This interactive session will consider what happens during periods of market volatility and how trustees can make sure their organisation is prepared.

Stronger foundations – Carol Mack, CEO, ACF 
Stronger Foundations is a flagship ACF project that aims to help grant-making charitable foundations identify and pursue excellent practice. In this session, Carol will talk about the six working groups: Diversity, equity and inclusion; Impact and learning; Transparency and engagement; Strategy and governance; Funding practices; and Intentional investing. She will highlight both recommendations and discussion points.

Should public benefit requirements extend to investments? – Anita Bahtia, Guys and St. Thomas’ Charity; Jen Hooke, Thirty Percy Foundation; Richard Jenkins, Tudor Trust 
A coalition of charities has written to the Charity Commission asking it to clarify the law around whether charities are required to ensure their investments support their goals and their duty to provide public benefit. What could this mean for charity investors? Our panel will discuss whether charity investors should be required to invest responsibly; and how this translates to practice.

About the Southbank Centre

We are pleased to host this year's Forum at the Queen Elizabeth Hall, part of London’s iconic Southbank Centre, the UK’s largest arts centre and one of the UK’s top five visitor attractions. Originally opened in 1967 by Her Majesty the Queen, the building reopened in April 2018 following a historic renovation with world class, environmentally improved new facilities for audiences and artists alike.

Date and Venue

13NOV 2019

Purcell Room at Queen Elizabeth Hall

Southbank Centre, Belvedere Rd, London , SE1 8XX


Dame Stephanie Shirley CH

Dame Stephanie (Steve) Shirley CH, age 86, is a workplace revolutionary and successful IT entrepreneur turned ardent philanthropist.

Her life story begins with her 1939 arrival in Britain as an unaccompanied Kindertransport refugee. In 1962, she started a software house, Freelance Programmers, that pioneered new work practices and changed the position of professional women, especially in hi-tech. She went on to create a global business and a personal fortune shared with her colleagues; she made 70 of her staff millionaires at no cost to anyone, but herself.

Since retiring in 1993, her focus has been increasingly on philanthropy based on her strong belief in giving back to society. In 2009/10 she served as the UK’s first ever national Ambassador for Philanthropy. Her charitable Shirley Foundation has initiated and funded a number of projects that are pioneering by nature and strategic in impact, totally £67m to date. The focus is on IT and her late son’s disorder of autism.

Her memoir Let It Go was published in 2012. It has sold 20,000 copies and was re-published by Penguin in April 2019. A big screen film is also in the making, with filming starting in 2019.

Dame Stephanie has been much honoured. In 2013, she was named by Woman’s Hour as one of the 100 most powerful women in Britain. In 2014, the Science Council listed her as one of the Top 100 practising scientists in the UK. In 2015, Dame Stephanie was given the Women of the Year Special Award. Her TED Talk in 2015 was to a standing ovation from more than a thousand of the world’s most recognised technical entrepreneurs, thinkers, creators and doers. It has received 1.9m views. In 2017, Dame Stephanie received a Companion of Honour, one of only 65 people worldwide to receive such a recognition.

Justin Webb

After serving as BBC North America Editor, Justin Webb joined the team of presenters on Radio 4’s influential Today programme. He now interviews the great and the good and those making the day’s headlines - alongside John Humphrys, Mishal Husain, Sarah Montague and Nick Robinson.

In the US Justin covered all the twists and turns of the 2008 Presidential election which saw a little-known Illinois senator become the country’s first black Commander-in-Chief. Justin continues to observe the American political, social and economic climate, assessing the often dramatic events on Capitol Hill, Wall Street and Main Street. As well as becoming a senior member of the White House press pack, he was the first British journalist to be granted a full television interview with President Obama.

Prior to his Washington posting Justin reported from Brussels as the BBC’s European Correspondent. He has also covered elections in Australia, a coup in the Maldives, the dying days of the Soviet empire, and Mafia trials in Italy. And as well as various overseas postings, he has anchored Breakfast News and The World Tonight. Justin now spends his mornings grilling British politicians and news-makers on the agenda setting Radio 4 programme. He’s also an extremely assured conference chair and awards host, and a wonderfully engaging speaker on everything from Brexit to Trump.

Keith Wade Schroders economist

Keith Wade

Chief Economist

Keith Wade is Chief Economist at Schroders, responsible for the economics team and the house view of the world economy. He is a member of the Group Asset Allocation Committee and communicates the house view to Schroder investors and clients around the world. Over 25 years investment experience. He joined Schroders in 1988 and is based in London.

Keith was a Research officer at London Business School from 1984 to 1988, which involved macroeconomic research and forecasting of the UK economy.

Keith is also a trustee, honorary treasurer and chair of the investment committee for Addenbrooke’s Charitable Trust in Cambridge (Cambridge University hospital). Regular contributor to the media and has co-authored a book on macro-economics for MBA students.
Qualifications: IMC; MSc in Economics from London School of Economics; BSc in Economics from London School of Economics. 

Alex Tedder

Alex Tedder

Head of Global Equities

Alex is Head and CIO of Global and US Equities at Schroders. He Re-joined Schroders in August 2014 having originally joined in August 1990. Previously Alex has held position of Senior VP and Portfolio Manager at American Century Investments in New York  and managed American Century International Growth Fund (TWIEX) from July 2006 to April 2014.

Jessica Ground

Global Head of Stewardship

Jessica Ground is Global Head of Stewardship at Schroders, responsible for overseeing the integration of ESG factors into investment processes across geographies and asset classes. She also has responsibility for Corporate Governance and Stewardship policy and implementation globally. She joined Schroders in 1997 and is based in London.

Previously, Jessica was a Fund Manager at Schroders from 2006 to 2016, on the Prime UK Equity team with responsibility for £9 billion of institutional and retail client money. She was a Research Analyst from 1997 to 2006, gaining extensive analytical experience largely covering financials on a pan-European and global basis.

 Jessica is an Associate of the CFA Society of the UK, a Board Member of the Investor Forum, Chair of the IA Corporate Governance and Engagement Committee, and a member of EFAMA’s Stewardship, Market Integrity and ESG Investment Standing Committee. She has a BA in History from Bristol University.


Contact Cazenove Charities

Achieving your charity's investment objectives takes time and thought. To find out how we can help you please contact:

James Brennan

James Brennan

Portfolio Director