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CAIA London - Total Portfolio Approach: Balancing Innovation with Governance, Patience, and Purposeful Evolution
Date(s):
September 17, 2025
Note: All times listed are in local time
Venue:The Willis Building
51 Lime S London, London EC3M 7DQ
Fee(s):Free Event
Description:CAIA London Total Portfolio Approach: Balancing Innovation with Governance, Patience, and Purposeful Evolution Join CAIA London, in collaboration with Thinking Ahead Institute, for a candid and forward-looking panel discussion exploring the evolution from Strategic Asset Allocation (SAA) to the Total Portfolio Approach (TPA). Moderated by Aaron Filbeck of CAIA Association, this session brings together Roger Urwin , Jayne Bok, Mads Gosvig, and Bhavin Dhanani to share lessons learned, common hurdles, and the cultural shifts required to move from theory to implementation. Whether you're just beginning the journey, refining your approach, or are increasingly interacting with asset owners on this subject, this conversation will unpack how leading institutions have evolved their processes to embrace TPA. AGENDA 17:30 - Registrations 18:00 - Welcome remarks 18:10 - Panel discussion on the Evolution from SAA to TPA, in collaboration with: - Roger Urwin, FIA - Global Head of Investment Content at WTW
- Jayne Bok, CAIA, CFA - Head of Investments, Asia at WTW, CAIA Board of Directors Chair
- Mads Gosvig - Chief Officer, Fiduciary and Investment Management at Railpen
- Bhavin Dhanani, CFA - Head of Total Portfolio Management at USS Investment Management
Moderator: Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP - Managing Director, Global Content Strategy at CAIA Association 18:55 - Q&A 19:15 - Networking Please register early as space is limited Important notes before the event: - This event is organized by dedicated CAIA members, who generously volunteer their personal time. Should you decide to register, we greatly appreciate your commitment to attending.
- If you find that you are unable to attend, please inform us at least 48 hours before the event. Your timely cancellations enable us to offer your spot to someone on the waitlist and help minimize food and energy waste
- Kindly note that registrations must be completed in advance, as walk-ins will not be permitted. Given the event's limited capacity, we encourage you to register as early as possible to secure your spot. If the attendance limit is expanded, we will promptly notify you.
- Registering a guest is possible but complete Guest’s details must be filled in. In case of overbooking, priority will be given to CAIA Members.
Thank you for your understanding and cooperation. If you have questions or concerns regarding registration for this event, please contact CAIA EMEA Chapter Relations.
This event is in collaboration with: 
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Jayne Bok
Job Title: Head of Investments, Asia
Organization: Willis Towers Watson
Speaker Type: Panelist
Jayne Bok is the Head of Investments, Asia, based in Hong Kong. She is responsible for leading WTW’s Investments business strategy, client delivery and business development across Asia. Jayne leads a diverse regional team to help clients meet their goals and achieve better outcomes through a flexible range of delivery models – from providing proprietary tools, offering advisory services, through to assisting clients with implementation via delegated solutions. She has more than 23 years of industry and leadership experience. Prior to her current role, she was Head of Sovereign Advisory, covering government funds, SWFs, central banks and other state-owned investment entities across Asia. Before moving to Hong Kong in 2013, Jayne spent nine years in Korea where she successfully built the local investment consultancy. Jayne started her career at WTW in Korea as a Talent consultant in the Work & Rewards segment before she transferred to the Hong Kong Investments’ practice in 2004.
Bhavin Dhanani
Job Title: Head of Total Portfolio Management
Organization: USS Investment Management Limited
Bhavin is Head of Total Portfolio Management at USS Investment Management. He is responsible for leading the team that supports USSIM’s Asset Allocation Committee on the design and management of the DB and DC investment solution, developing asset allocation strategies for DB and DC funds and translating them into actionable plans, as well as overseeing their implementation. He is also responsible for managing total portfolio exposures on a day to day basis.
Before joining the Investment Strategy team in 2019, Bhavin spent four years in the external manager selection team and was responsible for the selection of external managers in the Fixed income space. Bhavin joined USSIM in March 2014 as an investment risk analyst. Before joining USSIM, he spent more than three years at Goldman Sachs Asset Management as a risk analyst. Bhavin graduated in 2010 from Cass Business School (now Bayes Business School) with an undergraduate degree in Banking and International Finance and holds the Chartered Financial Analyst (CFA) designation.
Aaron Filbeck
Job Title: Managing Director
Organization: CAIA Association
Speaker Type: Moderator
Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP leads CAIA Association’s global thought leadership and content development agenda, content marketing efforts, and industry events. He also oversees strategy for CAIA’s 20 chapters across the U.S., Canada, and Latin America. Previously, Aaron founded UniFi by CAIA™, an online platform dedicated to educating the private wealth management industry on alternative investments. He has also sat in various other content development and educational programming roles at CAIA. Aaron is a frequent speaker and writer on various topics of alternative investments and his work has been published in CAIA’s educational programs, numerous academic journals, books, and industry publications. Aaron’s industry experience lies in private wealth management, where he oversaw asset allocation, portfolio construction, and manager research efforts for an RIA focused on serving high-net-worth individuals and institutional retirement plans. He earned a B.S. with distinction in Finance and a Master of Finance from Penn State University. He holds the Chartered Alternative Investment Analyst (CAIA), Chartered Financial Analyst (CFA), Certificate in Investment Performance Measurement (CIPM), and Financial Data Professional (FDP) designations, and is a CERTIFIED FINANCIAL PLANNER™. He is a Past President of CFA Society Columbus and serves as a board director and Programs Chair for CFA Society Philadelphia. Aaron is an adjunct professor and serves on multiple advisory boards for Penn State University.
Mads Gosvig
Job Title: Chief Officer, Fiduciary and Investment Management
Organization: Railpen Investments
Speaker Type: Panelist
With 25 years of financial services expertise gained in some of the largest pensions and banking names in Denmark, Mads Gosvig’s resume speaks for itself. Since joining in April 2020, Mads has used his leadership experience from roles in ATP, NOW:Pensions, Danske Bank and KPMG to craft a Fiduciary team that is ‘the informed and influential client’ within the Investment Business.
Mads and his Fiduciary and Investment teams are primarily focused on aligning our investment offering, capabilities and performance with our client’s investment objectives and risk tolerances. Together, they are responsible for public, private and real asset investment, covenant, pension policy, investment strategy, risk management and sustainable ownership strategy.
Roger Urwin
Job Title: Global Head of Investment Content
Organization: Willis Towers Watson
Speaker Type: Panelist
Roger Urwin has twenty-five years of experience as an asset consultant and two years as an asset manager. He has spent over two decades leading investment businesses. His career is distinguished by several thought leadership innovations, including three global firsts: the origination of the first target date defined contribution (DC) funds in 1988, the development of the risk budget framework in 1999, and the introduction of the governance budget framework for assessing asset owner organizational effectiveness in 2007.
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