Future of Finance: Pay-For-Success Model
Day 1
Schedule
3:30 pm
-
4:30 pm
Summit stage
English
Future of Finance: Pay-For-Success Model
- A view from the ground – Using a Social Impact Bond to change lifes
- Ten years ago Social Finance UK set out to change the way we respond to social challenges. We developed a unique approach combining data, investment, partnerships and original thinking. There are now approaching 100 programmes in 20 countries, with more than £300m invested. Janette will explore how this innovative type of funding is used on the ground via a Social Impact Bond to tackle loneliness in the older generation. The Reconnections Service is delivered by a group of social sector partners working together to connect clients to people, places or activities in their community. Janette will share how they measure the impact of their progress and how they have overcome operational challenges in the first 2 years of the pilot.
Panelists
Ms Janette POWELL
Director, Social Finance, UK
Janette has worked with vulnerable adults since 1993 and holds a degree in Housing & Social Work. Since joining Social Finance as a director in July 2010 she led the first Social Impact Bond, based in a men’s prison and has worked on education, domestic violence and health SiBs.
Mr Paul PONG
Chairman, Institute of Financial Planners of Hong Kong
Mr. Paul Pong, is the managing director of Pegasus Fund Managers Limited has worked in the fund management industry over 20 years. He is a non-official member of Human Capital Committee – Financial Services Development Council, a member of Advisory Committee of Hang Seng Indexes Co. Ltd., a member of Disciplinary Panel A of the Hong Kong Institute of Certified Public Accountants, a member of Mandatory Provident Fund Schemes Advisory Committee, a Convener – Financial Section of Hong Kong Professionals & Senior Executives Association, Former Chairman of the Institute of Financial Planners of Hong Kong, Vice President of The Hong Kong Institute of Financial Analysts and Professional Commentators Ltd, Member of Court of City University of HK, Vice President of HK Shanxi Chamber of Commerce and Founder of the Institute of Financial Technologists of Asia Ltd.
Panel Host
Mr Stephen WONG
Deputy Executive Director and Head of Public Policy Institute, Our Hong Kong Foundation
Mr Stephen Wong received a B.A. Degree in Economics from the University of Chicago, Phi Beta Kappa, and an M.A. Degree in East Asian Studies (Whitney and Betty MacMillan Center for International and Area Studies) from Yale University. Since then, he worked for a number of global financial institutions, including as an Executive Director in UBS (London) and a Managing Director at RBS. Mr. Wong joined Our Hong Kong Foundation as Senior Consultant in May 2015, and was appointed Deputy Executive Director and Head of Public Policy in November of the same year. He is now Deputy Executive Director and Head of Public Policy Institute.
Mr. Wong’s public service includes various advisory roles appointed by the Hong Kong Government, including Committee Member of the Financial Services Development Council, Sub-committee Co-opt Member of the Sustainable Development Council, and Member of Investment Committee of the Beat Drugs Fund. Mr Wong is also active in community service. He is Chairman of the Clean Air Network and Vice Chairman of the Budget and Allocation Committee of the Community Chest. Mr. Wong is also a part-time Lecturer at the Chinese University of Hong Kong for the Master of Social Science in Global Political Economy, and an Adjunct Associate Professor at the Hong Kong University SPACE for the Institute for China Business.
Mr. Wong’s public service includes various advisory roles appointed by the Hong Kong Government, including Committee Member of the Financial Services Development Council, Sub-committee Co-opt Member of the Sustainable Development Council, and Member of Investment Committee of the Beat Drugs Fund. Mr Wong is also active in community service. He is Chairman of the Clean Air Network and Vice Chairman of the Budget and Allocation Committee of the Community Chest. Mr. Wong is also a part-time Lecturer at the Chinese University of Hong Kong for the Master of Social Science in Global Political Economy, and an Adjunct Associate Professor at the Hong Kong University SPACE for the Institute for China Business.