Mark Bailey, Head of Financial Resource Management, Two Sigma Investments
Mr. Bailey is currently the Head of Financial Resource Management at Two Sigma. In this role he is responsible for the management of the firm’s Treasury function and its relationships with Brokers globally. Mark Bailey comes to Two Sigma from Barclays Capital Inc., where he served as a managing director (2011 to 2015). In this role, he managed secured funding traders based in New York, London, and Hong Kong, and was responsible for the unsecured and secured funding needs for the Equity Financing business globally. Prior to working at Barclays, he held a number of roles at Bank of America Merrill Lynch (2007 to 2011). These positions included time as the COO for the financing business, management of the Professional Trading Services business, and head of the European Equity Financing businesses. Prior to joining Merrill Lynch, Mark worked in London, Zurich, and New York for Credit Suisse. As a managing director at Credit Suisse (1997 to 2007), he was responsible for the structuring and execution of trades and the approval process of any new business activity. Mark holds a B.A. in Economics from the University of Cambridge (1994).
David Beckworth, Senior Research Fellow, George Mason University
David Beckworth is a Senior Research Fellow with the Program on Monetary Policy at the Mercatus Center at George Mason University and a former international economist at the US Department of the Treasury. He is the author of Boom and Bust Banking: The Causes and Cures of the Great Recession. His research focuses on monetary policy, and his work has been cited by the Wall Street Journal, the Financial Times, the New York Times, Bloomberg Businessweek, and the Economist. He has advised congressional staffers on monetary policy and has written for Barron’s, Investor’s Business Daily, the New Republic, the Atlantic, and National Review. David is also the host of Macro Musings, a weekly podcast on macroeconomics issues with top experts in the field.
Chris Benish, Managing Analyst, Asset and Risk Allocation Group, State of Wisconsin Investment Board
Chris Benish is a managing analyst in the Asset and Risk Allocation group at the State of Wisconsin Investment Board (SWIB). He oversees synthetic replication, equity index management and leverage implementation for the $120B state pension fund. He also focuses on issues related to securities finance, collateral optimization and liquidity management.
Douglas Brown, CFA, Head of Business Development for Agency Lending, Fidelity Investments
Doug Brown is head of business development for Agency Lending for 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. In this role, Mr. Brown is responsible for the marketing, sales, and relationship management aspects of the Agency Lending business, along with introducing clients to Fidelity’s unique data and analytics software, PB Optimize. Fidelity Agency Lending looks to deliver industry-leading strategies that drive value, transparency, automation, and customization for our client’s securities lending goals. Bringing over 20 years of securities finance experience to Fidelity, Mr. Brown was a senior managing director at State Street in its Securities Finance division, managing and launching its Alternative Financing Solutions business. Prior to that, he managed new business development and relationship management in the Americas for their Agency Lending business and had oversight and management of the regional teams. These teams worked with existing and potential securities lending clients, helping them customize programs that would provide opportunities and alternatives to enhance their risk-adjusted returns. In addition, he was also involved in the development of new strategy initiatives at both the divisional and corporate level. Mr. Brown also worked at Credit Suisse as a director in Prime Services, structuring securities lending and financing solutions for public funds, mutual funds, endowments/foundations, corporations, and hedge funds. Prior to that, he worked at State Street as a senior relationship manager in Securities Finance where he was responsible for some of the firm’s largest securities lending relationships. Additionally, he worked as a relationship manager for endowments and foundations at Mellon Trust/The Boston Company. Mr. Brown earned his bachelor of arts degree in economics from the University of Michigan. He also holds the Financial Industry Regulatory Authority (FINRA) Series 7 and 63 licenses and is a CFA® charterholder and member of the Boston Security Analysts Society.
Ina Budh-Raja, EMEA Head of Securities Finance Product & Strategy, BNY Mellon
Ina Budh-Raja is EMEA Head of Securities Finance Product & Strategy at Bank of New York Mellon, responsible for regulatory strategy, including ESG product development for Securities Finance. In her capacity as member of the BNYM ESG Corporate strategy team, she co-leads the BNYM ESG Partnership Strategy and is co-chair of BNYM’s global Markets ESG working group. Ina joined BNYM in 2018 from the State Street Bank & Trust Securities Finance business, where she was Head of Regulatory Affairs, EMEA. Prior to that Ina was Managing Counsel for State Street’s Securities Finance business in EMEA and previously, derivatives & securities finance legal counsel supporting the equity finance and money markets desks at Deutsche Bank AG, London. Ina is co-lead of Women in Securities Finance London and is a Director on the ISLA Board, she is a member of the Bank of England Money Markets Committee and the Bank of England Securities Lending Committee, where she is co-chair of the Bank of England Money Markets Code sub-committee on revision of the MM Code securities lending chapter. She is a member of the GFMA Climate Finance Market Structure working group and contributed to the GFMA Climate-Aligned Transition Finance paper published December 2020.
Betsy Coyne, Managing Director, Head of Agency Lending Client Management, North America, State Street
Betsy Coyne joined State Street Securities Finance in 2011 and has over 20 years of experience in the Financial Services industry. She is currently the Head of Agency Lending Client Management for North America. Ms. Coyne and her team of 14 seasoned professionals are tasked with the development of bespoke lending programs for a wide variety of client types, including Pension Funds, Public Funds, Registered Funds and Central Banks. Before joining State Street in 2011, Ms. Coyne spent six years at Pipeline Trading Systems; a block-crossing and electronic execution platform, where she assisted with the conceptual introduction and initial product launch. During her tenure there, she maintained management responsibility for the firm’s Boston office while participating in new business development and customer service efforts for the New England region. Prior to her role with Pipeline, Ms. Coyne was Managing Director of Equity Trading at Columbia Management Advisors (now Columbia Threadneedle Investments). She spent the first six years of her career with Fidelity Management & Research Company in various trading and investment related roles. Ms. Coyne has a Bachelor of Arts degree from Lafayette College with a concentration in Business Economics and Finance.
Darren Crowther, General Manger, Securities Finance and Collateral Management, Broadridge
Darren Crowther is the General Manager for Broadridge’s Securities Finance and Collateral Management division. Darren has over 17 years’ experience in the software business and has been involved with Securities Finance since 1998. He has been with Broadridge since the acquisition of 4sight in 2016. From 4sights beginning in 2003 Darren has served in a number of leadership roles. His most recent being Vice President of Solution Delivery, which he held from 2011 until the acquisition in 2016. Darren was instrumental in the setup and development of the original (SFCM) Securities Finance and Collateral Management solution.
Monica Damas-Shaw, Director, IHS Markit
Monica joined the IHS Markit Securities Finance team in April 2019 and is responsible for the product development and relationship management offering for beneficial owners in the Americas. Prior to IHS Markit, she worked at JP Morgan for eight years and Credit Suisse for seven years in the Client Relationship Management team. In both roles, she was responsible for managing and assisting large institutional clients with their securities lending programs. The types of clients covered were Public/Corporate Pension plans, Central Banks, Sovereigns and U.S. Mutual funds. Monica holds a B.B.A in Finance from Hofstra University.
James Day, Managing Director, Global Head of Product Development, State Street
James Day is the Global Head of Product Development for State Street Securities Finance. James is responsible for the strategic direction and product development across Securities Finance including Agency Lending, Enhanced Custody and Alternative Financing Solutions. James has 20 years of experience in the securities financing industry and was a board member of the International Securities Lending Association (ISLA), and sat on the Securities Trading Committee at the Association for Financial Markets in Europe (AFME). Prior to joining State Street, James was a Managing Director and Head of Securities Finance EMEA for BNY Mellon, and before that was Executive Director and Global Head of Stock Loan Sales & Marketing at UBS. Before joining the securities finance industry, James progressed through a series of leadership roles with Barclays Capital where he was head of equity finance and head of execution in EMEA and Asia.
John Fox, Director, Head of Securities Finance Sales & Relationship Management Americas, BNY Mellon
John is a Director and Head of Client Relationship Management & Business Development within the Agency Securities Lending group of Securities Finance for the Americas. He is responsible for overall client relationship and business development initiatives and strategies. John has more than 25 years of securities industry experience, with most of those years in the securities lending industry. He joined The Bank of New York in 2003 after eight years with Deutsche Bank (Bankers Trust). His previous responsibilities at Deutsche Bank included managing U.S. Client Services for Securities Lending within the Global Portfolio Management Group. He began his career at First Union Bank, N.A., where he was the Treasury Operations Manager. John received a B.S in Accounting from the University of Scranton.
Brad Fryer, Executive Director, Agency Securities Lending, J.P. Morgan
Brad Fryer, Executive Director, is responsible for U.S. Fixed Income Lending and Cash Reinvestment Trading for J.P Morgan’s Agency Securities Lending business. Brad has 11+ years agent lending experience. Brad joined J.P. Morgan in 2009 in Operations and Product Management before moving into more senior roles, first leading a global team as the Agent Lending Risk and Control Officer and subsequently transitioning to his current roles on the trading desk. Brad’s current responsibilities include managing teams tasked with the optimization of fixed income portfolios, cash collateral portfolio management, and cash trade execution. Brad also works closely with the team of Relationship Managers that cover beneficial owners. Brad holds a B.S. in Finance and B.A. in Public Relations from Penn State University.
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.
Tim Gehman, Director, Asset Management, Nuveen
Timothy Gehman is a Director for Nuveen Asset Management Services. His scope of responsibilities includes foreign exchange, securities lending, and transaction cost analytics. He also serves as an advisor for the Best Execution Committees. Timothy has been with Nuveen for 24 years and held a variety of roles including; Budgeting, Banking Relationship Management, Treasury Management, and management of the TIAA Commercial Paper program.
Prior to joining Nuveen, Timothy spent two years at Port Authority of NY and NJ as a Staff Financial Analyst, responsible for cash management, commercial paper issuance and short-term investments. He holds a B.S. in Finance and Accounting from Millersville University and a M.B.A. in Finance from Rutgers University.
Melissa Gow, Managing Director, IHS Markit
Melissa has over 15 years’ experience in the securities finance industry. Currently, she is the regional head of IHS Markit Securities Finance, overseeing the global Product Specialists and Client Services teams, as well as the IHS Markit Securities Finance Consulting practice lead, having previously served as Regional Manager for West Coast and Equity Sales. Prior to joining Data Explorers/Markit/IHS Markit, Melissa worked at EquiLend as the head of Sales and Marketing. Previous industry experience includes roles at Goldman Sachs and Swiss Bank Corporation. Melissa holds an M.B.A from New York University and a B.A. from Georgetown University.
Simon Heath, EMEA Head of Agency Securities Lending, J.P. Morgan
Simon Heath is the regional head of Agency Securities Lending for EMEA. Simon has over 18 years of Industry experience, more recently at State Street where he was EMEA Head of Agency Trading. He began his banking career at Morgan Stanley as a project manager and worked at Deutsche Bank in a similar capacity before joining Citi where he was EMEA Head of Agency Trading. Simon holds a BA in Economics from the University of Manchester and an MBA from the University Durham of Business School.
Laura Klimpel, Managing Director, Core Business Development Executive, DTCC
Laura Klimpel is Managing Director, Core Business Development Executive and is responsible for all Systemically Important Financial Market Utility (SIFMU) business development. In this role, Laura supports the development and implementation of overall strategy and priority of initiatives for DTCC’s SIFMU businesses and works with cross-functional teams and industry partners to devise strategies for building new products and services for SIFMU businesses that mitigate risk, create market efficiencies and reduce costs. Prior to her current role, Laura was General Counsel and Chief Compliance Officer at New York Portfolio Clearing, LLC (NYPC) for four years. During this time she led the effort to obtain registration as a derivatives clearing organization (DCO) and approvals for the “one-pot” cross-margining of interest rate futures cleared by NYPC with fixed income cash instruments. She also drafted and reviewed rules, policies and procedures for compliance with various regulations. Laura spent three years at Cleary Gottlieb Steen & Hamilton LLP and focused primarily on US commodities and derivatives regulation, including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Laura received her B.A. degree, summa cum laude, from Truman State University in 1999 and her J.D. degree, cum laude, from Cornell University in 2007. She is a member of the New York Bar.
Jiří Krόl, Deputy CEO, Global Head of Government Affairs, AIMA
Jiří Krόl, Deputy CEO, Global Head of Government Affairs, joined AIMA in April 2010. Jiří started his career at the Czech securities market regulator. He then moved to the European Commission’s Internal Market Directorate-General, where he was responsible for the drafting and negotiation of the Markets in Financial Instruments Directive (MiFID) implementing measures. Previously, Jiří was appointed financial markets policy director in the Czech Ministry of Finance in 2007. In 2009, he led the Czech European Union Presidency’s work in the area of financial services. Jiří studied International Relations, Economics and Politics at Tufts University, London School of Economics and Sciences Po.
Dave Martocci, Managing Director, Global Head of Securities Finance, Citi
David joined Citi in 2010 and was named Global Head of Agency Lending in 2012. He was previously Global Head of Product Sales and Client Management and the Global Product Manager for Third-Party Securities Lending. Prior to joining Citi, David was the Global Co-Head of the Dresdner Bank Agency Securities Lending business where he led the successful effort to build the largest third-party lending program in the industry. Before joining Dresdner, David spent over five years at Deutsche Bank as Managing Director in charge of Global Asset and Liability Trading for their Securities Lending division. Prior to the acquisition of Bankers Trust, David was the Head of Securities Lending Global Markets in North America. In this role David was instrumental in establishing Deutsche Bank’s presence in North America as a top provider of non-custody/third-party securities lending services. David also was a Senior Vice President at Lehman Brothers and was the Head of Asset and Liability trading at Lehman Brother’s Trust Company. Prior to joining Lehman, David spent 14 years at J.P. Morgan and J.P. Morgan Securities in various management roles. Related to securities lending, David was the Head of JP Morgan’s Securities Lending desk and was the head of U.S. product development. At JP Morgan Securities, David was in charge of the overnight, term financing, and term matched book teams for the repo desk as well as the securities lending sales force. David received a Bachelor of Business Administration in marketing from Pace University.
William “Bill” Mascaro, Director, North America Head of Agency Securities Lending and Directed Agency Investment Services Trading, Citi
William “Bill” Mascaro is a Director and the North America Head of Agency Securities Lending (ASL) and Directed Agency Investment Services (DAIS) Trading. Based in New York, Bill has oversight for US 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 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 holds a B.S. in Industrial and Labor Relations with a concentration in Economics from Cornell University.
Mike McAuley, Managing Director, Head of Product Development and Strategy, BNY Mellon
Mike is Managing Director and Head of Product Development and Strategy for BNY Mellon’s Securities Finance business. He is responsible for leading the business’ efforts to identify and capitalize on new opportunities in a changing business, tax and regulatory environment. Prior to BNY Mellon, Mike was a Senior Managing Director and the Chief Product Officer for securities finance at State Street Bank and Trust Company. In this role Mike was responsible for the global expansion of the agency and principal securities finance businesses through new product development, merger and acquisition, and product innovation. Prior to holding this position, he was the Senior Managing Counsel responsible for all legal matters with respect to the securities finance business of State Street. Prior to State Street, he held positions as a Senior Managing Counsel for the master trust and global custody business of Boston Safe Deposit and Trust Company and as an ERISA attorney for the Boston law firm of Gaston & Snow. Mike is a former Chairman and a current committee member of the Securities Lending Committee of the Risk Management Association. He is also a former member of the Board of Directors of the Risk Management Association. Mike holds a BA in economics from Boston College and a Juris Doctorate from Suffolk University Law School.
Kieran McCann, Director of Prime Brokerage Sales & Relationship Management, Scotiabank
Kieran McCann is Director of Prime Brokerage Sales & Relationship Management for Scotiabank. He has over 20 years of experience working with hedge funds and financial institutions specializing in prime brokerage services and securities finance. Mr. McCann previously worked at Barclays Capital, Bear, Stearns & Co. as a Managing Director in Prime Services, Commerzbank Securities as Head of Structured Trading Solutions, and at Morgan Stanley as Controller of the Correspondent Clearing Group. Kieran holds a Bachelor of Science degree in Business Administration from San Diego State University.
John McGuire, Managing Director, Global Head of Business Development, State Street
John McGuire was named Global Head of Business Development in State Street’s Securities Finance division after serving as Global Head of Enhanced Custody since 2016. Mr. McGuire has been part of the Securities Finance organization since 2005. He helped launch the Enhanced Custody product in 2008 and was responsible for business development since the product’s inception. Since joining State Street in 1996, Mr. McGuire has held a variety of positions within Global Services, Global Treasury and Global Markets at State Street. Mr. McGuire holds a Bachelor of Arts in History from Lehigh University, a Master of Business Administration (MBA) and a Master of Science in Investment Management (MSIM) from Boston University. He holds the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analysts Society.
Rory has over 15 years experience in the securities finance industry, on both the buy and sell side. Most recently he has worked with Allianz Global Investors, where he established and managed a new green field Agency Securities lending business. Previous to this Rory was Head of Flow Credit Repo for Royal Bank of Scotland. He started his career in Dublin in Anglo Irish Bank, where he established the bank’s repo capabilities. Rory holds a BSC in Management Science, with Computing Science from Stirling University.
Brad Pedersen, Director of Securities Lending Cash Reinvestment, Northern Trust
Brad Pedersen, CFA is a Vice President at the Northern Trust Company, Chicago, and is the Director of Securities Lending Cash Reinvestment within the Short Duration Fixed Income Team of Northern Trust Asset Management (NTAM). His responsibilities include executing overall strategy for the Short Duration Funds, specifically the Securities Lending cash collateral, as well as oversight for the portfolio management team. Brad also serves on the Securities Lending Collateral Committee, an oversight board for the Securities Lending Product. Brad also has responsibility for the Repurchase Agreement program for Northern Trust Asset Management across all money market portfolios. Prior to his current role, Brad functioned as a Senior Relationship Manager with both the Large Corporate Client segment, as well as Northern Trust’s Investment Manager Liaison Group.
Jeff Petro, Senior Vice President – Head of Money Market Trading, Federated Hermes
Jeff Petro is responsible for management of taxable and tax-free money market trading and Federated Hermes’ securities lending program. He has more than 30 years of investment experience. Prior to his current position, Jeff was desk head of Taxable Money Market Trading, senior trader, Agencies, Federal Funds and Repurchase Agreements and account administrator, Broker-Dealer Division at Federated Hermes. Jeff earned a bachelor’s degree from Robert Morris University. He is the former president of Pittsburgh Society of Investment Professionals and a current member of the Economics Club of Pittsburgh.
Simon Sourigon, Head of GSF Americas and GSF Global Head of Securities Optimisation, Natixis
Simon Sourigon is the Global Head of the Securities Optimisation Unit within the GSF (Global Securities Financing) group. Simon is responsible for the Securities Lending, Collateral management and Single stock trading teams worldwide (US, Europe, Asia). Simon has spent more than 14 years in Equity Finance, including 13 years at Natixis. Simon has a Master’s in Finance from ESLSCA Business School.
Sam Tripuraneni, Director, BlackRock
Sam Tripuraneni is the lead product strategist for BlackRock Sustainable Investing (BSI) in EMEA. The BlackRock Sustainable Investing team is focused on identifying drivers of long-term return associated with environmental, social and governance issues, integrating them throughout Blackrock’s investment processes, and creating solutions for our clients to achieve sustainable investment return. Sam works closely with sales teams to deliver innovative solutions to our clients, based on BSI’s proprietary research. In line with our Firm’s 2020 sustainable commitments: he is the global BSI lead for rolling out ESG reporting and delivering greater transparency to our clients; and he works across our platform to support the growth of our Sustainable Product Platform and our objective of $1tn in AUM across our sustainable products by 2030.