Speaker Bios

Nancy Allen, Managing Director, Head of Data and Analytics Solutions, EquiLend

Nancy Allen is Head of Data & Analytics Solutions at EquiLend. She has more than 20 years of experience in the global securities finance market. As Head of Data & Analytics Solutions, she has responsibility for the strategic development and growth of the product suite. Nancy joined EquiLend from Northern Trust, where most recently she was senior vice president and head of international fixed income securities lending trading, based in London. Previously, Nancy held various positions in securities finance at Northern Trust, State Street and Deutsche Bank. Nancy was named Market Data Professional of the Year in 2023 by Waters Technology. She additionally serves as New York Chapter Lead for the Women in Securities Finance. She has a Bachelor of Science degree in Business/Managerial Economics from Cornell University in Ithaca, New York.

Ryan Barrett, Head of Securities Finance, North America, Northern Trust

Ryan Barrett is Senior Vice President and Head of Securities Finance, North America at Northern Trust in Chicago. Ryan leads a team responsible for client servicing and business development across Northern Trust’s securities lending and borrowing, financing, liquidity and collateral business. Prior to Securities Finance, Ryan held numerous roles across commercial banking and strategy teams at Northern Trust. Ryan earned a bachelor’s degree in Economics from Northwestern University and an MBA in Strategy, Finance and Management in Organizations from Northwestern University’s Kellogg School of Management.

Christel Carroll, Head of US Relationship Management, Goldman Sachs Agency Lending

Christel Carroll – Goldman Sachs Agency Lending, Head of US Relationship Management. Christel is head of Client Service and Relationship Management at Goldman Sachs Agency Lending (GSAL). Christel joined GSAL in 2003 as a Client Service Analyst through the Northeastern University internship program. In 2008, Christel assumed responsibility for the US Client Services team. Christel has played a critical role in developing GSAL’s industry leading client service model, performance analytics, and highly flexible reporting platform. As head of the US Client Services team, Christel is responsible for client implementation and program oversight as well as numerous tactical and strategic facing initiatives. Christel is a member of the Risk Management Association Securities Lending Executive Council and co-head of the Boston Women’s Network within Goldman Sachs. Christel received a B.S. in Finance and Management Information Systems from Northeastern University, D’Amore-McKim School of Business.

Matt Chessum, Director, Securities Finance, S&P Global Market Intelligence

Matt Chessum is a director within the securities finance team at S&P Global Market Intelligence and is responsible for all market commentary, thought leadership and media relations. Previously, Matt was an Investment Director at abrdn where his main responsibilities included overseeing the securities lending activity and the management of GBP denominated Money Market mandates. Matt is a former member of the Bank of England’s securities lending committee and a former board member of the International Securities Lending Association (ISLA).

Matt Cohen, Chief Executive Officer, Provable Markets

Matt Cohen is CEO of Provable Markets a New York broker-dealer and operator of the ATS, Aurora. Matt joined the Provable Group following a 14-year Wall Street career during which he was senior institutional trader and portfolio manager on both the buy and sell-side, working at several Wall Street firms, including Merrill Lynch, Jefferies, and Nomura. Matt’s responsibilities ranged from sales, senior equities trader, options market maker, to senior risk and desk manager. His areas of expertise are in the funding and financing markets, structured financing, listed and OTC options, and various arbitrage strategies. Throughout his career, Matt has always taken a keen interest in market structure, seeking to understand the pipes and plumbing that support the global markets, and looking for innovative ways to implement work flows to increase efficiency and productivity. This ambition provides the foundation for Provable Markets’ drive to create more efficient, secure, and fair market practices. Matt holds a B.S. in Finance from Villanova University.

Traci Filler, Partner, Heidrick & Struggles

Traci Filler is a partner in Heidrick & Struggles’ New York office and a member of the Financial Services Practice who advises business executives on talent with a focus on executive search and assessment. Traci has broad experience in retail banking and wealth management, investor services, asset management, treasury services and the broader payment industry. She also has extensive functional experience across product management, strategy, digital, finance, operations, marketing, and compliance. Recent clients include HSBC, Bank of America, BNY Mellon, PIMCO, SunTrust, Aflac, US Bank, USAA, Lending Club, PayPal and Synchrony. Prior to joining Heidrick & Struggles, Traci spent five years at another global executive search firm and before that, she was a managing director and global product executive with JP Morgan where she led the foreign payments business. Earlier roles at JP Morgan include several years as a strategy executive in both treasury and investor services. Earlier in her career, Traci spent many years as a consultant and sales executive with IBM. She joined Scient near their beginning as one of the first digital consulting firms in the US, now part of Razorfish/Microsoft. Brandeis University, BA in English Literature.

Josh Galper, Managing Principal, Finadium

Josh Galper is the lead for Finadium’s research and consulting practice with an expertise in institutional investments, treasury and financing. Josh has conducted numerous consulting assignments for banks, asset holders, CCPs and technology companies, and is the author of over 60 industry reports as part of the Finadium research subscription. He also writes for Finadium’s online and hard copy magazine, Securities Finance Monitor. Josh has been quoted in most industry publications covering hedge funds, securities finance, collateral management and financial markets. He holds an MBA in Financial Engineering from the MIT Sloan School of Management.

Sal Giglio, President & Chief Revenue Officer, GLMX

Sal Giglio is President and Chief Revenue Officer of GLMX, a web-based money markets electronic trading platform that provides innovative tools to streamline trading workflows across Pre-, At-, and Post-trade. In these roles, Sal manages the business and administrative functions across the firm including the broker dealer/ATS. Prior to GLMX, Sal has almost two decades of experience trading interest-rate instruments and possesses comprehensive knowledge of all aspects of the securities financing business. His responsibilities included managing a team of traders, implementing liquidity discipline, navigating interest rate and credit risks and complying with the constantly evolving regulatory landscape. He has worked at several major Wall Street sell-side firms including JP Morgan, Bank of America Merrill Lynch and BNP Paribas. Sal holds an AB/Economics from Columbia University.

Brooke Gillman, Managing Director, Global Head of Client Relationship Management, eSecLending

Brooke manages the Client Relationship Management team globally for eSecLending and is responsible for leading the firm’s service model and strategy for all client programs. She also oversees the firm’s marketing and communications group. Brooke has been in the securities lending industry and with eSecLending since its inception in 2000, when she was one of the firm’s founding members that started the business. Brooke has held various senior positions at eSecLending throughout the company’s growth including Business Development, Relationship Management and Marketing and Communications. In addition to her work with eSecLending, Brooke volunteers her time in the securities finance marketplace as well as outside of our industry. She was a founding Leadership team member for Women in Securities Finance, representing Boston as a co-Chapter Lead and she serves as company Secretary for the Global Peer Financing Association (GPFA), a non-profit business association supporting global beneficial owners. Brooke received her Bachelor of Arts in Business Administration from the University of Washington.

Rebecca Goldenberg, Vice President, Head of Agency Securities Finance Product for the Americas, J.P. Morgan

Rebecca Goldenberg is Head of Agency Securities Finance Product for the Americas.  In this role, she provides support for the Americas region and clients, which includes program and product offering, industry and regulatory updates.  Rebecca works closely with all functional areas of securities finance – trading, operations, technology, and the Global Agency Securities Finance Product Team – in addition to collaborating with other lines of business within JPMorgan.  Rebecca is also an active participant in industry working groups, namely the Risk Management Association Securities Lending Legal, Tax, Regulatory Committee and the Environmental, Social, Governance Committee. Prior to joining Agency Securities Finance, Rebecca spent four years at JPMorgan Asset Management on their Product Development Team supporting retail and institutional clients.  Preceding JPMorgan, Rebecca spent nine years at BlackRock on their Retail Product Team and in their Legal and Compliance Department. Rebecca received her Bachelor of Arts degree from Wellesley College, with a double major in English Literature and Psychology; and a minor in French.

Ben Gong, Financial Analyst, Federal Retirement Thrift Investment Board

Ben Gong has worked in the plan sponsor field for the past 25 years. He has served as a fund manager and analyst for a variety of large plan sponsors including General Motors, State of Maryland, and the TSP. For the last 11 years, he has worked at the TSP overseeing the securities lending program.

Jeff Himstreet, Vice President & Senior Counsel, Regulatory Affairs, MFA

Jeff Himstreet is Vice President and Senior Counsel with the MFA’s Global Regulatory Affairs team. In this position, he analyzes and helps shape regulatory and legislative initiatives affecting the private funds industry. Prior to joining the MFA, Jeff was a senior member of the PGIM (Prudential) Fixed Income law team, where he advised on a wide range of investment advisory, private fund, and derivatives matters. Prior to joining PGIM, he was a partner with Bingham McCutchen, where he advised investment advisers, private funds, investment companies, and broker-dealers on asset management and regulatory issues. He has also worked in-house as the chief managed product support for a dually-registered firm and as the chief legal officer for the wealth management division of a regional bank. Before this, he was an attorney with the SEC’s Division of Investment Management. Jeff received his J.D. from the Willamette University College of Law and his LL.M. (with honors) from the Georgetown University Law Center.

Patricia Hostin, Senior Vice President, Global Head of Agency Lending, State Street Global Markets

Patricia Hostin is the Global Head of Agency Lending at State Street. Patricia is responsible for overseeing the entire business globally and works collaboratively across key business and support functions to ensure State Street delivers a leading securities lending product to meet the multifaceted needs of clients. Most recently, Patricia was the Managing Director for Financial Resource Management at Blackrock, executing against the firm’s global strategy for optimizing capital & balance sheet consumption with broker dealer counterparties across repo financing, securities lending, prime brokerage financing, cash management, and trading. Ms. Hostin’s service with the firm dated back to 2003, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. During her 20-year tenure at Blackrock, Patricia held a variety of roles within Securities Finance including Head of US Equity & Fixed Income Trading, which included global responsibility for Research and Electronic Trading. Patricia also spent several years in Business Strategy, which was responsible for securities lending and cash research and development and vetting of new strategic initiatives and alternative business models. Prior to this role, Patricia was a trader in BGI’s securities lending group.

Cherie Jeffries, CFA, Director of Fixed Income Trading, State Board of Administration of Florida

Cherie Jeffries is the Director of Fixed Income Trading overseeing $30 billion in cash investment, internal trading activites, securities lending, Middle Office Group and financial contracts. For more information, please visit the SBA website.

Oberon Knapp, Executive Director, Participant Solutions and Head of Securities Lending, OCC

Oberon (Obie) Knapp is Executive Director, Participant Solutions and Head of Securities Lending at OCC, the world’s largest equity derivatives clearing organization. In this role, he is responsible for leading OCC’s securities lending strategy and roadmap. Prior to joining OCC, Mr. Knapp held multiple senior roles at Brown Brothers Harriman. Most recently he led the global product, solutions consulting and implementations organizations for BBH’s Investment Operations and Infomediary business, an open architecture data platform powering the next generation operating environment for asset managers and financial institutions. Prior to that, Mr. Knapp was responsible for the global product and algorithmic trading development for BBH’s Securities Lending franchise. Mr. Knapp also served on several firm-wide committees with oversight of capital investments, cloud strategy, and D&I programs and policies. Previously, Mr. Knapp led corporate and product strategy for eSecLending, a leading non-custodial securities lending agent, and was co-head of global relationships for State Street Securities Finance.  While at State Street he managed many of the firm’s largest and most sophisticated client accounts. Prior to State Street, Mr. Knapp held various positions at Deutsche Asset Management and FleetBoston. Mr. Knapp has a degree in finance from The College of New Jersey and is a CFA charter holder.

Louisa Li, Director, North America Client Executive for Securities Finance, Citi

Louisa is North America Client Executive for Securities Finance with responsibility overseeing few Platinum relationships on global basis. She has worked in the banking industry in securities services and cash management since 1997. Louisa joined Citi in 2001 in our advanced Management Associate Program. Having worked in New York, London, Chicago and Beijing, she has extensive experience in Custody, Securities Finance, DAIS and has built great relationships with key investor services names. She participated in various career development programs at Citi. With her background and intimate knowledge of Asian Pacific markets, she also takes on consultative responsibility for Securities Finance in Asia-Pacific for both Product Development and Relationship Management. Louisa is a frequent speaker on industry conferences and well-respected industry expert in Securities Finance. Prior to Citi, Louisa worked for Bank One in Chicago and Beijing. Louisa holds an M.B.A. from Thunderbird, the American Graduate School of International Management. She is a member of Women in Securities Finance, Women in ETF, Women Bond Club and Asian Leaders for Today.

Bill Mascaro, Managing Director, Global Head of Securities Financing Trading, Citi

Bill is the Global Head of Securities Financing Trading. This includes trading desk oversight for domestic equity, international equity, corporate fixed income and government fixed income trading, as well as cash investment services. Prior to this role, Bill oversaw Strategic Trading in North America, as well as the international equity lending desk in New York. Bill joined Citi as an analyst in Global Transaction Services in 2004 and rotated through the firm’s Treasury and Trade Solutions and Markets and Securities Services divisions. Bill graduated from Cornell University with a B.S. in industrial and labor relations, and concentration in economics.

Marney McCabe, Head of Relationship Management for Agency Lending, Fidelity Capital Markets

Marney McCabe is a head of relationship management for agency lending at Fidelity Capital Markets (FCM), the institutional trading arm of Fidelity Investments, providing trading products and services to a wide array of clients, including buy-side institutions, hedge funds, and Fidelity’s retail, correspondent, and advisor businesses. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. With 20 years of experience, Ms. McCabe is responsible for Fidelity Agency Lending’s relationship management strategy and client experience. Prior to joining Fidelity, Ms. McCabe was the co-head of the global securities lending business at Brown Brothers Harriman (BBH) managing its value-based agency program and market engagement strategy. Before that, she led the Relationship Management team and had oversight responsibilities for the securities lending clients at BBH. Spending over 16 years in securities lending, Ms. McCabe has experience in developing differentiated and highly customized agency lending programs for many of the world’s largest asset managers. Ms. McCabe also worked as a portfolio manager, providing investment and wealth management services to high-net worth and small institutional clients, and as an equity research associate and international wastepaper trader. She is an active member of Women in Securities Finance as one of the Boston Chapter chairs. Ms. McCabe earned her bachelor of arts degree in environmental studies with concentrations in economics and sociology from Hobart and William Smith Colleges.

Tamela M. Merriweather, Senior Vice President, Associate General Counsel, The Northern Trust Company

Tamela Merriweather is Senior Vice President and Associate General Counsel for The Northern Trust Company. Tamela represents Northern Trust’s Capital Markets business, which covers securities finance, repurchase transactions, foreign exchange and derivatives. Tamela also advises Northern Trust on significant domestic and global regulatory issues, including financial, banking and derivatives regulations. Tamela has been an active member of the Securities Finance industry for many years through her leadership of the Legal, Tax, and Regulatory Subcommittee of the Risk Management Association’s Securities Lending Council, as co-chair of the 35th Annual Conference on Securities Lending, and as a founding member of the Risk Management Association’s Women in Risk Committee. In July 2021, Tamela joined the board of directors of the National Association of Women Lawyers (NAWL). Tamela previously served as co-chair of NAWL’s Diversity Committee and she is a past recipient of NAWL’s Virginia S. Mueller Outstanding Member Award. Tamela completed McKinsey’s Black Executive Leadership Program in 2021 and Corporate Leadership Center’s Leading Women Executives Program in 2018. Tamela actively supports the after school program By The Hand Club For Kids, where she had the privilege of leading the Women’s Auxiliary Board and planning several of By The Hand’s flagship Spring Benefit fundraising dinners. Tamela received her B.A., magna cum laude, from Spelman College and her J.D., cum laude, from the University of Minnesota Law School.  She is admitted to practice law in Illinois.

Mike Norwood, Director, Head of Trading Solutions, EquiLend

Mike Norwood is the Director and Head of Trading Solutions at EquiLend. Norwood is responsible for determining and delivering the product roadmap, vision and strategy for EquiLend’s trading solutions, including NGT, Swaptimization and the ECS Loan Market, as well as managing a team of business analysts and product strategists. Before becoming Head of Trading Solutions, Norwood led EquiLend’s Post-Trade Services team in North America. Prior to joining EquiLend, he spent 12 years at Brown Brothers Harriman, where he was Head of Securities Lending Product Development and Business Technology. He has a B.A. in Economics from the College of the Holy Cross.

Chad Papson, Americas Head of Buyside Trading Services Sales, J.P. Morgan

Chad Papson is the Americas Head of Buyside Trading Services Sales. He is responsible for the distribution of agency lending, derivatives collateral management, and financing solutions. Chad has over 16 years securities finance experience. He spent nearly a decade at Citi as the senior portfolio manager handling repo, cash collateral reinvestment and matched book trading. Chad later joined Goldman Sachs where he was responsible for financing the firm’s balance sheet in secured unsecured and synthetic formats. Most recently he joined J.P. Morgan in 2023. Chad holds a BS in Economics from Quinnipiac University and an MBA with a specialization in Finance from Northeastern University

Jill Rathgeber, Vice President, Product Strategy, Fidelity Agency Lending

Jill Rathgeber is a vice president of Fidelity Agency Lending® for Fidelity Capital Markets (FCM). We offer investment insights, strategies and solutions, as well as trading services and securities finance support to a wide range of wealth management firms and institutional investors. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Ms. Rathgeber is responsible for identifying new opportunities and driving the long-term strategic vision for future product lines and markets. She works directly with the head of Agency Lending and collaborates with our Product Development group to lead large scale strategic initiatives from idea generation and due diligence to product implementation with the goal of improving client experiences and positioning Fidelity Agency Lending as an industry leader with new and unique product offerings. Prior to joining Fidelity, Ms. Rathgeber spent 10 years at BNY Mellon as a director in the Product and Strategy group, responsible for the development of new products for all of the securities finance businesses. She also held a number of positions within State Street Global Markets’ Securities Finance division in product development, international equities trading, and various operations roles. Ms. Rathgeber earned her bachelor of science degree in business administration from Providence College and a MBA from Suffolk University. Ms. Rathgeber is a co-founder and global chair of Women in Securities Finance and served on
the RMA ESG Committee.

Christian Sabella, Managing Director, Deputy General Counsel, DTCC

Christian Sabella serves as Managing Director and Deputy General Counsel at DTCC. He is responsible for leading the legal teams that supports DTCC’s three SEC-registered and FSOC-designated clearing agencies: the Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), and Fixed Income Clearing Corporation (FICC). Christian has over 15 years’ experience in financial services and policy, starting at a large international law firm before serving for 10 years at the U.S. Securities and Exchange Commission. During his tenure at the SEC, Christian was appointed to a number of senior roles in the agency’s Division of Trading and Markets and led teams that worked on policy and rulemakings for a variety of areas, including financial market infrastructures. He became acting director for the Division before leaving the SEC in 2021 to rejoin the private sector. Christian received his B.A. degree, summa cum laude, from the University of Notre Dame and his J.D. degree from Georgetown University Law Center.

Steve Schuchert, Intermediate Trader, Federated Hermes

Steve Schuchert is responsible for trading prime liquidity instruments. Previous associations: Trading Operations Manager, Federated Hermes; Investment Service & Support Specialist, The Bank of New York Mellon; Corporate Actions Specialist, The Bank of New York Mellon. B.A., Saint Vincent College; M.B.A., Point Park University. Joined Federated Hermes 2015. Investment Experience: 12 Years.

Ahmed Shadmann, Vice President, Securities Finance Trading – Canada, State Street Global Markets

Ahmed Shadmann is Head of Agency Trading for all Non-US Equities and Canadian Fixed Income at State Street Global Markets. He started his career at State Street in the Boston office in 2015 before moving to Toronto seven years ago. Prior to joining State Street, Ahmed began his career in the financial services sector working for HSBC in Dhaka, Bangladesh as a relationship manager in corporate banking. Ahmed holds a bachelor’s degree in Business Administration from the Institute of Business Administration of Dhaka University and a master’s degree in International Business from Tufts University.

Nehal Udeshi, Head of Securities Finance, BNY Mellon Markets

Nehal is Head of Securities Finance at Bank of New York Mellon within the Markets Division.  Securities Finance includes Agency Securities Lending program and the Principal related activities including FICC’s Cleared Repo, Secured Loan Portfolio and the prime brokerage proxy Borrow+ which facilitates alternative managers borrowing securities. Nehal has global responsibilities for the agency and principal businesses and provides strategic direction for securities lending functions including trading, cash collateral investment, sales, relationship management and business development. Prior to joining BNY Mellon in 2023, Nehal spent 17 years at Goldman Sachs in New York and London in a range of roles, including most recently co-heading Global Cross Asset Financing within Global Markets and Banking. In this role she partnered with Fixed Income, Equities, Prime Brokerage and Corporate Treasury to originate innovative solutions for liquidity and capital resource optimization for the firm’s liabilities and distributed these solutions to a breadth of institutional clients. During her tenure at the firm, she also had responsibilities in equity structuring and started her career in foreign exchange trading. Nehal holds a Bachelor of Arts (BA) in Mathematics from Imperial College London. Nehal serves on the board of trustees for Stevens Cooperative School, New Jersey.

John Vinci, Managing Director, Head of Secured Funding and Collateral Management, DTCC

John Vinci is Managing Director, Head of Secured Funding and Collateral Management at DTCC where he is responsible for leading the firm’s Secured Finance Transaction (SFT) Clearing service. Within this role, he oversees DTCC’s secured funding services as well as collateral management. Previously, John was Managing Director and Head of Relationship Management for DTCC’s SIFMU businesses (DTC, NSCC and FICC), as well as Wealth Management and Mutual Funds. Prior to this, John was responsible for DTCC’s Core Services Product Development where he helped to create the SFT Clearing service that he now leads. Before DTCC, he served as the Head of Global Product Management and Strategy at The Bank of New York Mellon Corporation where he led product management and strategy for BNY Mellon Broker-Dealer Services. Before BNY Mellon, John held various roles at JP Morgan Chase and Bankers Trust. Over the course of his career, John has gained over 30 years of experience across the financial services industry with an extensive background in operations, product design, strategy, and business and risk management. John holds a bachelor’s in economics and finance from the University of Scranton.

Jon Whiting, Head of Fixed Income and International Equity Trading, Fidelity Agency Lending

Jon Whiting is a vice president and International and Fixed Income Agency Lending team leader at Fidelity Institutional® (FI), the Fidelity Investments business that offers financial professionals and institutions access to the investment, technology, and platform solutions they need to service their clients and grow their businesses. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Whiting is the head of Fidelity Agency Lending’s U.S. Treasury and international equity trading groups and manages the distribution strategy, performance, and developmental road map of each product line. Prior to joining Fidelity in March 2020, Mr. Whiting spent 17 years at State Street Bank in its Global Markets division. In his last role at State Street, he was the Securities Finance (SF) global head of Product Strategy, managing key expansion initiatives and the strategic product pipeline across all SF business lines. Prior to this role, Mr. Whiting was the global head of International Equity Trading for State Street’s Agency Lending business. Prior to joining State Street in 2003, he was an equity trader for Heartland Securities in Boston, MA. Mr. Whiting was on the board of directors of EquiLend Holdings LLC from 2016 to 2019. Mr. Whiting earned his bachelor of arts degree in economics from Cornell University in Ithaca, NY. He holds the Financial Industry Regulatory Authority (FINRA) Series 7, 63 and 24.

Tim Wirkus, Senior Analyst, State of Wisconsin Investment Board

Tim Wirkus is a Senior Analyst at the State of Wisconsin Investment Board (“SWIB”) on the Financing & Collateral Management team.  He is responsible for overseeing SWIB’s long and short securities lending and liquidity programs.  Prior to joining SWIB, he held similar financing roles for over 15 years at Oaktree Capital and Canyon Partners.  Tim earned a BA in political science at Boston College.