Monday, June 28th, 2010
PRE-SUMMIT BENEFICIAL OWNER ONLY PROGRAMMING: 9:00 - 11:15
3:59 PM
Beneficial Owner Registration & Breakfast
9:00 AM
Pre-Summit Workshop: ‘101’ Refresher Tutorial:
What Is Securities Lending? How Does Securities Lending Work Operationally? What Are The Benefits And Risks Associated With Securities Lending? What Are The Potential Revenues That Can Be Earned? What Decisions Need To Be Made By The First Time Lender? How Can A New Lender Determine Best Practices? How Have Beneficial Owner Programs Changed Over The Years?

SPEAKERS:

  • Bill Pridmore, President (WILLIAM F. PRIDMORE, LTD.)
3:59 PM
Pre-Summit Workshop: ‘303’ Advanced Tutorial:
Advanced Lending Strategies for Beneficial Owner Programs In 2010

SPEAKERS:

  • Jonathan Kowolik, Senior Consultant, Principal (R.V. KUHNS & ASSOCIATES, INC.)
10:00 AM
Closed-Door Beneficial Owners’ Roundtable Discussion
It Is Crucial That Beneficial Owners Have An Opportunity To Convene With Their Peers. The Closed-Door Roundtable Discussion Provides A Rare Opportunity To Compare And Contrast Beneficial Owners’ Lending Knowledge, Risk Management Techniques, Comparative Performance Results As Well As Daily Experiences.

SPEAKERS:

  • Sarah Nicholson, Securities Finance Director (AVIVA INVESTORS )
  • Lance Doherty, Director of Securities Lending (PACIFIC LIFE INSURANCE COMPANY)
MAIN SUMMIT BEGINS
3:59 PM
Exhibit Hall Opens
3:59 PM
General Registration & Refreshments For All Non-Beneficial Owners Sponsored By:

3:59 PM
Opening Remarks From Information Management Network
3:59 PM
Opening Address: ‘The State Of The Economy’

SPEAKERS:

  • Timothy Cahill, Treasurer & Receiver-General (COMMONWEALTH OF MASSACHUSETTS)
3:59 PM
Mid-Year Industry Review: Market Update Report
This Session Provides A 12-Month Recap Of Securities Lending Market Information Including: - Market Size - Loan Volumes - Activity Levels: The GC vs. Specials Dynamic - Market Trends - Performance Results By Industry Sector

SPEAKERS:

  • Tim D'Arcy, Senior Vice President - ASTEC (SUNGARD)
3:59 PM
Securities Lending In A Heightened Regulatory Environment
- A discussion of Pending Rules, Regulations, and Legislation and the impact on the Securities Lending Market - How will pending Regulation and Legislation impact Beneficial Owners Programs? - Who are the Principal Regulators Within the Industry and What Do They Regulate? - How do the Regulators Interact In the Market? - The Federal Reserve’s Current Involvement In Securities Lending - Tri-Party Repo Update - Short Sale Transparency, Naked Shorts & Reg. SHO Enforcement - What are the Implications for the Hedge Fund Community

SPEAKERS:

  • Robert Toomey, Managing Director (SIFMA)
  • Rebecca Nordhaus , Senior Vice President, Global Head of Regulatory Strategy for Securities Lending (BROWN BROTHERS HARRIMAN)
  • Roel Campos, Ex-Commissioner SEC & Parter-In-Charge (COOLEY GODWARD KRONISH )
  • Steven Pesek, Supervising Examiner (FEDERAL RESERVE BANK OF NEW YORK)
  • Jennifer Han, Assistant General Counsel (MANAGED FUNDS ASSOCIATION)
3:59 PM
Luncheon
2:00 PM
Risk Management for Securities Lending in 2010
An Examination Of The Changing Risk Management Programs In 2010: - Operational Risk – Systemic Risk, Pricing Utilities, Ratings Agencies - Counterparty Risk – Distribution Opportunities / Concentration Risk - Interest Rate & Liquidity Risk – “Changing Perspective for Cash Collateral Management” - Indemnification Against Borrower Default: Evolving Views; “Having Indemnification is Not a Panacea.” - Is Mark-To-Market And Overcollateralization Enough? – Changing Views on Cash and Non-Cash Collateral. - Do Risk Monitoring Programs Work? - How Can A Beneficial Owner Be Sure That They Fully Understand The Risks Of Their Program? - Aiming To Employ “Best Practices?”

SPEAKERS:

  • William Smith, Managing Director, Sales Executive, Corporate and Investment Bank - Securities Lending (J.P. MORGAN)
  • John Arnesen, Senior Business Consultant (DATA EXPLORERS)
  • Anthony Toscano, Managing Director Head of US Trading (DEUTSCHE BANK)
  • Robert Wittie, Partner (K&L GATES LLP)
  • David Little, Head of Securities Finance (RULE FINANCIAL)
  • Scott Utain, Manager - Securities Lending (VANGUARD)
3:59 PM
Managing Relationships For Optimal Results: What's Involved?
- The Beneficial Owner Perspective: What Is A Beneficial Owner looking To Gain From Their Agent relationship? - Manager Selection: What Is Involved In The Contract And Due Diligence Process? How Do Beneficial Owners’ Juggle Trustee Expectation In This Current Environment? - Measuring Client Satisfaction: Client Evaluation Processes And Feedback - What Should A Beneficial Owner Expect From Their Manager In Terms Of Client Service & Reporting? - Benchmarking To Measure Performance. How Important Is Benchmarking And What Methods Do Providers Use? - How Useful Are Industry Surveys? Do Beneficial Owners Participate?

SPEAKERS:

  • Tim Smollen, Global Head of Agency Securities Lending (DEUTSCHE BANK )
  • John Fox, Head of Client Management (NY) (BNY MELLON)
  • Dwight Skerritt, Director (CREDIT SUISSE)
  • Sheila Swanson, Managing Director (J.P. MORGAN)
  • Don Myers, VP & CFO - Investments (LIBERTY MUTUAL GROUP)
  • George Trapp, Senior Vice President, Head of North American Securities Lending Client Service (NORTHERN TRUST)
3:59 PM
Afternoon Refreshments Sponsored By:

4:00 PM
Collateral Management In A Flat Market: Maximizing Cash Collateral Programs
- What Are The Current Trends In Cash Collateral Management? How Is The Shift In Risk Tolerance Impacting Cash Programs? Maintaining An Imperative Risk Vs Reward Balance - Which New Strategies Work In This New Environment? - Cash Vs Non-Cash Collateral - When Does Cash Stop Being A Viable Model? Equities As Collateral: The Future Of Collateral Management? - What Are The New “Best Practices”? - Update On Products With Daily Floating Rates But Longer Maturities - What Are The Most Innovative Approaches? Which Types Of Firms Will It Work For? - Enhancing Liquidity In A Cash Collateral Portfolio

SPEAKERS:

  • Barry Winter, Managing Director (CITI)
  • Michael Evan, Managing Director (BLACKROCK)
  • Robert Crossen, Cash Management Officer (ILLINOIS STATE TREASURERS' OFFICE)
  • Jerome Schneider, Executive Vice President (PIMCO)
  • Thomas Motley, Managing Director-Head of US Cash Management (STATE STREET GLOBAL ADVISORS)
3:59 PM
Leading Beneficial Owners’ Industry Roundtable
- How Exactly Have Beneficial Owners Fared Over The Past Year? - What Are Providers Doing Well? What Do Providers Need To Improve On? - What Are The “Takeaways” From Lehman And The Last 21 Months? - Handling Losses: Who Absorbed The Losses And Where Are We At In This Process? - How Are Beneficial Owners’ Attitudes And Programs Different Than They Were 1 Year Ago? - Is Reinvestment Risk Still The Key Focus Of Every Beneficial Owner? - Industry Trends: Unbundling. Custody vs. Third Party Lending. - Does Using Multiple Providers Help To Mitigate Risk? - Exclusives vs. Normal Lending Programs - Securities Lending Agreements- The Future - What Are Expectations In Terms Of Future Beneficial Owner Participation In The Securities Lending? Are Funds Coming Back To Securities Lending / Starting New Programs?

SPEAKERS:

  • Jonathan Kowolik, Senior Consultant, Principal (R.V. KUHNS & ASSOCIATES, INC.)
  • Sarah Nicholson, Securities Finance Director (AVIVA INVESTORS )
  • Robert Crossen, Cash Management Officer (ILLINOIS STATE TREASURERS' OFFICE)
  • Kathleen Clune, AVP & Assistant Treasurer (PACIFIC LIFE INSURANCE COMPANY)
  • Scott Utain, Manager - Securities Lending (VANGUARD)
3:59 PM
Networking Cocktail Reception
3:59 PM
Summit Day One Concludes
Tuesday, June 29th, 2010
PRE-SUMMIT BENEFICIAL OWNER ONLY PROGRAMMING
3:59 PM
Beneficial Owner Breakfast & Closed-Door Workshop Registration
3:59 PM
Beneficial Owner Breakfast Breakout Workshops
Sessions will take place in the Seaport Ballrooms 'A', 'B' & 'C' The topics that Beneficial Owners are most interested have been identified and Industry Experts will facilitate Roundtable Workshops. Beneficial Owners can attend the session that most interests them and have the benefit of engaging in a dialogue in order to get a deeper understanding of the topic and how it specifically relates to their needs. Beneficial Owners will have the opportunity to attend three rotations of 30 minute Workshops on the following pertinent topics:
12:00 AM
Workshop A
An Overview Of Collateral Reinvestment Workshop Leader:

SPEAKERS:

  • Kevin O'Connor, Senior Vice President (WACHOVIA GLOBAL SECURITIES LENDING)
  • Michael Saunders, Trader (WACHOVIA GLOBAL SECURITIES LENDING)
12:00 AM
Workshop B
Program Oversight and Performance Measurement Workshop Leader:

SPEAKERS:

  • Christine Donovan, Head of Global Securities Lending (BROWN BROTHERS HARRIMAN)
12:00 AM
Workshop C
Agent Selection & The RFP Process Workshop Leaders:

SPEAKERS:

  • Peter Bassler, Managing Director, Business Development (ESECLENDING)
  • Josh Galper, Managing Principal (FINADIUM LLC)
GENERAL SESSIONS RESUME
9:00 AM
Breakfast for Non-Beneficial Owners
3:59 PM
International Market Update: Key Trends In Emerging & Developed Markets
An Update On International Market Access & Lending Internationally Specific International Market Update: A Case Study Of The Brazilian Market An Assessment Of The Attractiveness Of Lending In The ‘Hottest’ Latin American Market In The Face Of Geopolitical Market Volatility And Short Term Investment Concerns. - Assessing The Market Potential: Is Supply Opening Up? - What Are The Volume And Revenue Potentials? - What Are The Caveats To Address Whilst Lending In This Market? - What Are The Operational & The Regulatory Issues To Consider? Addressing Pension Fund Tax Concerns • Cash Reinvestment. - Which Emerging Markets Can Be Foreseen To Be Opening Up In The Near Future? How Attractive Are These Markets In Comparison To More Developed Markets? What Are The Rewards And Challenges Associated With These Markets?

SPEAKERS:

  • Patrick Avitabile, Global Head of Product Strategy & Development (CITI)
  • Mark Payson, Global Head of Business Development (BROWN BROTHERS HARRIMAN)
  • Chris Poikonen, Executive Vice President - Business Development and Strategy (ESECLENDING)
  • Robert Cleasby, Director (BANK OF AMERICA MERRILL LYNCH )
  • Jim McDonald, Senior Managing Director, Global Head of Trading (STATE STREET SECURITIES FINANCE)
  • Edward Barnes, Head of International Securities Lending (UBS)
3:59 PM
Central Counterparties: Everything A Beneficial Owner Needs To Know
- What Is The Current Status And Anticipated Future Direction Of CCPs? - What Are The Practical Benefits & Concerns For Beneficial Owners Should They Embrace This Model Vs The Lending Agent Model? - Clearing And Settlement Issues; Transaction / Implementation Costs. Assessment of the Risk Controls Involved - What Are The Volume Potentials, Expectations, And Critical Mass Requirements? - What Are The Current Obstacles To This Concept Being Functional And Widely Accepted - The Prime Broker Perspective

SPEAKERS:

  • Mat Gagné, Managing Director - Product Development (ESECLENDING)
  • Bradley Katinas, MD (JEFFERIES & CO., INC.)
  • Gregory DePetris, Co-Founder & Chief Strategic Officer (QUADRISERV, INC.)
  • James Treseler, Managing Director (SOCIÉTÉ GÉNÉRALE AMERICAS SECURITIES, LLC)
11:10 AM
Morning Refreshments Sponsored By:

3:59 PM
The Growth Of Alternatives: A Discussion Of The Growth Of The ETF Market
- A Discussion Of The Explosive Growth & Importance Of The ETF Market - How Do ETFs Fit In The Securities Lending Model? Who Are The Main Players Involved And Who Are the Major Buyers? - Volumes, Assets Under Management, Macro Trends And The Future Direction Of The Market. - Will Lendable Activity Only Increase? - Will US Equities remain The Predominant Asset Class Under ETF Management? - What Are The Benefits Of Using ETFs As An Alternative Asset Class? - ETFs Vs. ETNs

SPEAKERS:

  • Josh Galper, Managing Principal (FINADIUM LLC)
  • Bill Miller, Director, US iShares Institutional PFE Sales (BLACKROCK)
  • Eric Pollackov, Managing Director, ETF Capital Markets (CHARLES SCHWAB)
  • Michael Wingertzahn, Delta One Sales Manager (CREDIT SUISSE)
3:59 PM
The Future Of Securities Lending Revenues
- Is Securities Lending A Viable Source Of Income Over The Long Term? - How Important Will Intrinsic Lending Be Going Forward? - Is A “Specials-Only” Program A Viable Option For Your Program? - Fee Splits - Spreads Are Still Lower Than Pre-Crisis Levels; Will This Trend Continue? - How Do Beneficial Owners Earn The Highest Return With The Least Amount Of Risk? Is The Return Worth The Risk, Especially For The Smaller Lender? - What Are Industry Predictions Going Forward? A Wrap-Up Discussion Of The Macro Economic Environment And Industry Revenue Trends

SPEAKERS:

  • Tom Daniels, Managing Director, Head of Business Development, the Americas (BNY MELLON)
  • Ed Blount, Executive Director (CENTER FOR THE STUDY OF FINANCIAL MARKET EVOLUTION)
  • Don Myers, VP & CFO - Investments (LIBERTY MUTUAL GROUP)
  • Gene Picone, Director, Global Prime Services (SCOTIA CAPITAL (USA) INC.)
  • Bill Pridmore, President (WILLIAM F. PRIDMORE, LTD.)
1:10 AM
IMN’s 2nd Annual East Coast Securities Lending Summit Concludes
Event Contacts
Managing Director
Andy Melvin
(212) 901-0542
amelvin@imn.org
Vice President - Sales
Robert Bass
(212) 901-0535
rbass@imn.org
Venue
Seaport Hotel

Phone: 800-440-3318
Website: http://www.seaportboston.com/

1 Seaport Lane
Boston, MA, 02210
USA


Hotels
Westin Boston Waterfront

425 Summer Street
Boston, MA, 02210


Please note: IMN does not have a block of rooms at the Westin Boston Waterfront and cannot guarantee rate or availability.

Phone: 617-532-4600
Website: http://westin.com/boston

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