7:30-8:30 Women in Securities Finance – open to conference and other attendees
Networking Event
Keynote speaker: Monique Boucher, Senior Legal Counsel, Fidelity Investments
“Career Development and the Importance of ‘Grit’”
From Securities Lending to Securities Finance: An Evolution
For buy-side conference attendees
State Street Securities Finance
Francesco (Cesco) Squillacioti
Senior Managing Director
Global Head of Client Management
John McGuire
Managing Director
Global Head of Business Development
Performing in a Best-Execution World for Securities Finance and Treasury
For all conference and Women in Securities Finance attendees
Hazeltree
Paul Calderone
Chief Operating Officer
Beyond Benchmarking: harnessing data and tools to optimize the true potential of a securities lending portfolio
For all conference and Women in Securities Finance attendees
IHS Markit
Melissa Gow
Executive Director, Securities Finance
Mark Klein
Director, Securities Finance Product
SEC data on mutual funds and ETFs in securities lending
For all conference and Women in Securities Finance attendees
Finadium
Josh Galper
Managing Principal
9:45-10:10 Registration / networking break
10:10-10:15 Chairman’s welcome
Josh Galper
Managing Principal
Finadium
10:15-11:15 Current dynamics in the securities lending industry
Drivers and impediments to securities lending today
Trends across client segments
The impact of low fee/no fee funds
Where the market is heading in the next 12 months
Moderator
John Bilello
Managing Director
Citi
Panelists
Keith Haberlin
Global Head of Securities Lending
Brown Brothers Harriman
George Rennick
Head of Agency Lending – Americas
Global Head of Client Relationship Management – Agency Lending
J.P. Morgan
Paul Wilson
Global Head of Securities Finance
IHS Markit
Bill Kelly
Global Head of Agency Securities Lending
BNY Mellon
11:15-12:00 Regulatory and bank funding update
Regulatory factors with the greatest bank impact to securities lending
Single Counterparty Credit Limits
Has the DTCC’s sponsored repo program benefitted bank balance sheets and could the same happen in securities lending
What the buy-side needs to know now about banks and balance sheet capacity
Moderator
Gareth Jones
Co-COO
DTCC-Euroclear GlobalCollateral
Panelists
Christel Carroll
Vice President
Goldman Sachs
Arianne Collette
Executive Director
Morgan Stanley
Glenn Horner
Managing Director
State Street
12:00-12:30 What’s happening in Europe and APAC?
Is China opening up at last?
SFTR, Brexit and the yield enhancement trade
Convergence or divergence with the US
Nic Roc
Director
BlackRock
Tim Smith
Managing Director
Hazeltree
12:30-1:30 Lunch and networking
1:30-2:15 Segment break-out sessions
Mutual funds
SEC modernization
Board disclosures for mutual funds
Fee splits and performance
What confuses mutual funds about securities lending
Q&A
Monique Boucher
Senior Legal Counsel
Fidelity Investments
Elaina Benfield
Senior Counsel
The Vanguard Group
Pensions and Corporates
Non-cash collateral strategies for pensions
Separately managed account trends
Advantages for pensions in securities finance market structure
Betsy Coyne
Head of Client Management – North America
State Street Securities Finance
Insurance companies
Managing the dividend record date (DRD)
Interpreting NYS insurance rules
The current state of Peer to Peer
John McIntyre
Managing Director
PGIM Fixed Income
Amy Dunn
Executive Director
J.P. Morgan
Hedge funds
Shorting Tesla – how to do it
What’s the right structure for short-side exposure in today’s markets
Best practices in hedge fund financing
Tracking counterparty value in securities finance
Sam Pierson
Director
Securities Finance
IHS Markit
Mark Spiegel
Managing Member
Stanphyl Capital
Artie DiRocco
Senior Advisor
Hazeltree
2:15-3:00 Thematic break-out session 1 (concurrent)
Beginner track
How securities lending works
Participants, mechanics and revenue models
Dennis Riley
Co-Head of U.S. Relationship Management
Agency Lending
Goldman Sachs
Jim Keenan
Director, Investor Services
Citi
Intermediate track
Integrating data into the investment process
Stephanie Lo
Head of Quantitative Driven Research
State Street Securities Finance and State Street Associates
Nancy Allen
Global Head
DataLend
Advanced track
What else can you do with an agent lender
The evolution of the agency lending business model
John Fox
Director
BNY Mellon
3:00-3:30 Networking break
3:30-4:15 Thematic break-out session 2 (concurrent)
Beginner track
Best practices in running a securities lending program
Establishing and running an oversight committee
Marney McCabe
Senior Vice President – Head of Securities Lending Relationship Management
Brown Brothers Harriman
Intermediate track
Assessing counterparty risk across bilateral and CCP transactions in securities finance
Building out the CCP risk analysis model
What can the buy-side learn from the sell-side about CCP risk management?
Is indemnification still necessary on a securities lending CCP?
Scott Cowan
Head of Counterparty Risk
T. Rowe Price
Kurt von Uffel
Head of US Market Risk
Scotiabank
Advanced track
Collateral optimization and securities lending
Bill Smith
Managing Director, Americas
J.P. Morgan
Olivier de Schaetzen
Head of Product Solutions
Euroclear
4:15-5:00 A walk through the value chain
Moderator
What are perceptions of the value chain
What transparency is most useful for end-clients
Who benefits most from intermediation
Linda Benzi
Head of Securities Lending
E*Trade
Panelists
Mike Pate
Manager, M&A and Strategic Initiatives
Western and Southern Financial Group
Patricia Hostin
Managing Director
BlackRock
Andrew Bass
Associate Director, Prime Services
Scotiabank
Phil Prince
Partner, Head of Treasury
Pine River Capital Management
5:00-6:00 Reception
8:30-9:30 Closed door breakfasts
Investors using an agent lender
Hedge fund portfolio finance managers
9:30-10:15 Technology, operations and market structure
The rise of automated trading and proprietary algorithms
Artificial Intelligence and Machine Learning in practice
The new importance of collateral trading
The break-even point for buy-side investment in technology
Moderator
Louisa Li
Director
Agency Lending
Citi
Panelists
Obie Knapp
Global Head of Securities Lending Product Development
Brown Brothers Harriman
Jon Whiting
Global Head of Product Strategy
Securities Finance
State Street
Paul Lynch
Global Head of Products
EquiLend
Jerry Friedhoff
General Manager
Securities Finance and Collateral Management
Broadridge
10:15-11:00 The cash collateral investment environment
The market impact of higher interest rates
Secured vs. unsecured debt
Moderator
Dov Zigler
Fixed Income Strategist
Scotiabank
Panelists
Eric Hiatt
Managing Director
BlackRock
Brad Fryer
Executive Director
J.P. Morgan
Brian Barnhart
Portfolio Manager
Aegon
11:00-11:15 Networking break
11:15-12:00 Keynote
“Hubris: a macro view of today’s investment paradigm”
Guy Haselmann, Macro Strategist
12:00-12:15 Closing remarks and lessons learned
Josh Galper
Managing Principal
Finadium