This is a past event please click HERE for the upcoming program.
7:55 AM
Beneficial Owner Breakfast Workshop Registration
Practical Beneficial Owner Breakfast Workshops

These two practical-based roundtable workshops – facilitated by industry experts - will offer Beneficial Owners the benefit of engaging in a dialogue and hence get a deeper understanding of the respective topics and how they specifically relate to their needs. Beneficial Owners will have the opportunity to attend two rotations of the 30 minute workshops.

Please Note: The 8:25am-9:25am workshops are only open to qualified Beneficial Owners. Pre-registration is required. To register or to submit questions in advance, please email

8:25 AM Workshop A
A Changing Paradigm: A Strategic Review of the Lending Options for Beneficial Owners
  • Handling the tactical challenges that exist in securities lending programs today
  • The longer term strategic direction of the business and positioning your program for success
  • Key drivers of market and regulatory developments and their influence on the securities financing industry



John Wallis

Senior VP, Co-Head of Securities Lending for Europe
Brown Brothers Harriman

Robert Lees

Senior Vice President, Co-Head of Securities Lending for Europe
Brown Brothers Harriman
8:25 AM Workshop B
Securities Finance and Collateral Management – Integrating the Centrally Cleared Model for Beneficial Owners

The impact of regulation, utilization of the increasing cost of capital combined with the drive for operational efficiency all point to the direction of Central Clearing. How can the Securities Finance and Collateral Management marketplace embrace change and innovation and further enable CCPs to become a fundamental part of their day-to-day business? In this session, the role of the different securities lending stakeholders in a trade via the CCP will be explained including the overall function that a CCP model fulfils. Beneficial Owner participants undertake a detailed review of the trading, collateral and risk management aspects of the CCP model, study the operational capabilities and understand what the market can expect to see in the future for this key strategic development.





Jonathan Lombardo

Global Funding & Financing Sales
Deutsche Boerse Group

Gerard Denham

Global Funding & Finance
Deutsche Boerse

Roelof Van Der Struik

Investment Manager, Treasury
PGGM Investments
8:45 AM
General Conference Registration and Networking Delegate Breakfast
9:30 AM
Pre-Conference Introductory Workshop: The Blockchain (Open to All Attendees)

The Blockchain has the potential to disrupt the securities lending business. This workshop provides a fundamental understanding of this new technology, its potential impact and the current status of adoption.

  • What is the Blockchain and what is its significance?
  • How does it work? What are its benefits and limitations?
  • What are its various (current and potential) applications and how is it being used in the financial sector today? Who are the first adopters?
  • How is the Blockchain being viewed by regulators?
  • Where does adoption of the Blockchain currently stand? What are the challenges to overcome and the next steps? What are realistic implementation timeframes? When and how will it impact the day to day workings of the securities lending sector?

Monica Summerville

Senior Analyst
TABB Group

Murad Baig

FSI Lead, FinTech & Disruptive Technology
Deloitte MCS Limited

Joe Cassidy

Partner, FD Advisory

Guillaume Kendall

Head of Business Development

Paul Vine

Norton Rose Fulbright
10:15 AM
Pre-Conference Workshop Concludes
10:20 AM
Opening Remarks from Information Management Network (IMN)
10:25 AM
Opening Address: Securities Lending & Collateral Management – Adapting to a New World Order

As the securities lending industry continues to undergo a seismic shift, the underlying theme of this year’s event is to examine the various disruptors and influencers – from Brexit and the macro-economy; to regulation and new technology – and in turn examine how these are impacting market supply and demand and the subsequent shift in business models for the industry’s different stakeholders. This opening presentation highlights how key developments over the past year have further impacted the practices of securities lending and collateral management. In doing so it sets a framework for the discussions for the remainder of the conference.

Andrew Dyson

International Securities Lending Association (ISLA)
10:40 AM
Keynote Presentation: Brexit & the 2017 Macroeconomic Outlook

In September official data from July will be released which will be the first indicator of the impact of Brexit, in the short term at least, and a view into the macroeconomic outlook for 2017.

Roger Bootle

Managing Director
Capital Economics Ltd
11:05 AM
Mid-morning Welcoming Networking Refreshment Break Courtesy Of:

11:30 AM
Approaches to and the Economics of Collateral Optimisation & Management: Case Study Examples

There is no ‘one-size-fits-all’ when it comes to collateral management or optimisation. Yet their significance is only going to increase in the new evolving securities finance environment. In this session we look at how different firms are now approaching collateral management and collateral optimisation, in particular sourcing, pricing, tracking and allocating collateral with consideration and coordination across business lines. We examine the economics of such approaches and the lessons being learned. We also address the issue of collateral shortfall, the degree to which this is still a concern and whether beneficial owners are restricting assets as collateral buffer.

Bill Foley

Foley-O'Neill Limited

Richard Glen

Head of Global Securities Financing Sales
Deutsche Boerse Group

Marije Verhelst

Director, Product Management
Euroclear SA/NV

Olav Blasberg

Head of CIB Business Communications


12:15 PM
CCPs? Direct Market Access? Peer-to-Peer Lending? Synthetics? Other? Alternative Vs. Traditional Routes to Market for Lending Programmes of Today & the Future

Against the backdrop of regulatory change, liquidity issues and financial and technical innovation, this panel debates the best approach(es) to lending today. In doing so panelists also discuss how to make routes to market more efficient and give perspectives on what will be the lending model(s) of the future. Points addressed include:

  • How do traditional and the various alternative routes to market compare in terms of risk, transparency, costs, benchmarking, efficiencies and overall trade-offs?
  • How can Beneficial Owners assess which route(s) make sense for their lending programmes?
  • In what ways, and to what degree, do the different alternative routes impact the securities finance industry?
  • Which routes to market will remain small initiatives vs. the way of the future for lending programmes?

Sarah Nicholson

Senior Consultant
Consolo Ltd

Mick Chadwick

Head of Securities Finance
Aviva Investors

Stephen Kiely

Head of Sales, EMEA, and Relationship Management
BNY Mellon

Jonathan Lombardo

Global Funding & Financing Sales
Deutsche Boerse Group

Susan O'Flynn

Managing Director
Morgan Stanley


1:00 PM
2:00 PM
The Regulatory Impact of Brexit on The Securities Finance Industry & An Update on Key Regulation Impacting Securities Lending in 2017 & Beyond

Over the past five years, the EU financial sector has undergone a fundamental regulatory transformation. Now, with Brexit, further transformation is to be expected and uncertainty hangs over the industry in the meantime. In this panel we address the regulatory impact of Brexit on the securities finance industry and offer perspectives on what new/amended regulation can be expected from the UK and when. We also address key global regulation and legislation currently impacting securities lending including timelines and, where relevant, the likelihood of the regulation being enacted. Among the points to be addressed are:

  • Securities Financing Transactions Regulation (SFTR)
  • UCITS V/Money Market Fund reform
  • The Resolution Stay Protocol
  • Financial Transaction Tax (FTT)

Rosali Pretorius

Partner, Head of Financial Services and Funds Group

Habib Motani

Clifford Chance LLP

Angus Canvin

Senior Adviser, Regulatory Affairs
The Investment Association

Anna Lawry

Ropes & Gray
2:45 PM
Demand-Side Perspective
  • How are you shifting your business model in response to regulation, Brexit and other market developments? What have been notable developments/changes to your strategy in the last 12 months? How are you anticipating changing your strategy in the next 12 months?
  • How are hedge funds responding to the evolving marketplace? What new opportunities are they taking advantage of? Where are current levels of demand for securities? Notable trends?
  • In light of the above, what is the impact on securities lending and the beneficial owner community? What can beneficial owners do to enhance the revenue for both the buy and sell side?
  • What else is on the horizon that has the potential to impact hedge funds and prime brokers? What can we expect to see from the demand side in 2017?

Sebastien Bietho

Chief Executive Officer

Michael Manna

Head of Fixed Income Financing Trading
Barclays Capital

Frederick Nadd-Aubert

Managing Director, Prime Services
Credit Suisse

Jerry Lees

Linear Investments Limited
3:30 PM
Afternoon Refreshments & Networking Break Courtesy Of:

4:00 PM
Beneficial Owner Perspective: Adapting to an Evolving Environment – Leave, Keep the Status Quo or Up the Ante?
  • How are you protecting your securities lending earning level in a changing industry?
  • How have you changed your lending strategies in response to regulation? Are you anticipating making changes due to Brexit and if so, what? How are you meeting evolving demands from the industry, e.g. term trades? Collateral flexibility?
  • What has been the impact of Money Market Reform on your cash collateral reinvestment strategies?
  • How much are beneficial owners relying on agent lenders to educate them on the impact of regulation? From your perspective, what are best practices for agent lenders in communicating with beneficial owners?
  • Do you see an increase in costs due to regulation (reporting, transparency, etc…)? How to determine when to keep a lending programme alive?
  • How does securities lending fit into responsible investing?
  • What are your key concerns/areas of focus in the current market? What is your perspective on the future of securities lending and collateral management? Where do you expect your programme to be in 2017?

M. Nicolas Firzli

Managing Director
World Pensions Council

Foppe Zwikstra

Securities Lending Manager
Achmea Investment Management

Joseph Molloy

Head of Passive Equities, Quantitative Equity Strategies
HSBC Global Asset Management

Xavier Bouthors

Senior Liquidity Manager
NN Investment Partners

Roelof Van Der Struik

Investment Manager, Treasury
PGGM Investments
4:45 PM
‘One-Size-Does-Not-Fit-All’: Key Factors for Programme Structuring in Today’s Climate

Drawing upon insights given over the course of today we now address best practices approaches to structuring a lending programme in today’s fast-evolving environment. We assess how beneficial owner decisions directly impact earnings and the risk profile of a program and explore how, through better structuring, program performance can be maximized. In highlighting the various decision points, and processes and criteria for service provider selection, we address the options and considerations for the different types of Beneficial Owner and for different-sized lending programmes. We pay particular consideration to Beneficial Owners with programmes too small to be serviced by Agent Lenders.

Jacqui Waller

Vice President, Global Securities Lending
Brown Brothers Harriman

Simon Lee

Managing Director

Dan Rudd

Head of Agent Lending Portfolio Advisory-EMEA
J.P. Morgan

Jessica Hynes

Sr Associate

Justin Miller

Relationship Manager, Capital Markets
Northern Trust

Simon Heath

EMEA Head of Agency Lending Trading, MD
State Street


5:30 PM
Networking Reception
6:30 PM
Close of Conference Day One
My Agenda
Try out our new My Agenda feature.
Save sessions of interest, print for onsite use and insert to calendar for auto reminders.
Sign In
Contact Information
225 Park Ave. South, 7th Floor
New York, NY 10003 USA

Phone: +1 (212) 901-0506
(8:30 AM - 5:30 PM Eastern Time / Monday-Friday)


Event Specific Contacts for The 21st Annual European Beneficial Owners' Securities Lending & Collateral Management Conference


Below are the terms and conditions governing your use of EIMN, LLC ("IMN") this website and any products or services connected therewith. By using the website or services connected with the website, you acknowledge and agree to the following:

*Your Obligations. You represent and warrant that you have the capacity to agree to these Terms and you are at least eighteen (18) years of age. To the extent any individual accesses a Site or uses a Service as an employee, partner, director, agent or representative ("Agent") of any legal entity which is a Subscriber, the Agent warrants that he or she has authority to agree to these Terms on behalf of the relevant legal entity.

You will procure that you and any licensed user under your subscription will: (a) comply with all applicable laws in relation to the site and services, including without limitation, laws relating to the use of Intellectual Property; (b) not use the site or the content outside the scope of permitted use and will not infringe any Intellectual Property or other rights in or relating to the site or the services or of any third party; (c) not copy, reproduce, recompile, decompile, disassemble, reverse engineer, upload, download, transmit, create derivative works from or otherwise exploit or tamper with the site or any software embodied in any site or service; (d) not prevent or restrict the use of any site or service by other authorized users nor hack into or cause damage to any server or other equipment operated by us; and (e) comply fully with these Terms.

*No IMN Warranties or Representations. IMN makes no warranty, express or implied, concerning any use of this website or any service or product provided in connection with this website. The services and products provided by IMN are provided on an "AS IS" basis. IMN disclaims any implied warranty of merchantability or fitness for a particular purpose, including any warranty for the use or the results of the use of the products or services. IMN is not responsible for correcting, maintaining or updating the data and services made available on this website.

Any material and analysis provided by or through IMN or this website is not a recommendation that must be followed or an offer, or solicitation of an offer to buy or sell any financial product; IMN does not recommend that you enter into a particular transaction or represent that any product or service described on this website is suitable for you or your company. Nor is any information displayed here promoting any particular financial product, service or trading strategy in any jurisdiction where such an offer or solicitation, or trading strategy may be prohibited. As all prudent investors know, some transactions, including but without limitation, those involving high-yield securities, give rise to substantial risk and any investment decision you may make is your own. You should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks mentioned.

*Restricted Use. As a user of this website, you are not permitted to display, modify, copy, print or otherwise use the information made available to you here only for your own use. You are not permitted to publish, transmit, or otherwise make this information available in any format to any third party without the prior express written consent of IMN. You also are not permitted to change or remove any copyright (©), trademark (®, SM, TM) any other notices displayed with the information. IMN can modify the information at any time and for any reason at its sole discretion. Unless expressly stated otherwise herein, no rights are granted to you regarding the information on this website from IMN or any other source, including third party providers of information for this website, which shall under no circumstances be liable to you in any way.

*IMN Monitoring. Your use of the products and services on this Web site may be monitored by IMN in any lawful manner, and that the resulting information may be used by IMN for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organization.

*Website or Internet failure. IMN shall have no liability, contingent or otherwise, to you or to third parties, or any responsibility whatsoever, for the failure of any connection or communication service to provide or maintain your access to this service, or for any interruption or disruption of such access or any erroneous communication between IMN and you. IMN also does not warrant or represent that the website shall be completely secure, specifically including without limitation, that no unauthorized person shall intercept or access information transmitted by you.

*Website Access. Access to this website is restricted by password and only authorized IMN registrants may use the website. Any unauthorized access shall be the responsibility of the Registrant and his or her company and IMN shall not be liable for any damages arising out of such unauthorized access. You agree to: (1) Keep your password confidential; (2) prohibit others from using your account; (3) refrain from using other Users’ accounts; (4) refrain from selling, trading, or otherwise transferring your account to another party; and (5) refrain from charging anyone for access to any portion of DirectConnect, or any information arising therefrom. You are also responsible for anything that happens through your account unless you can demonstrate that your account was accessed without your knowledge or fault.

*User Communication. To the extent permitted while using DirectConnect, you can use and participate in groups, free to post and delete comment on the website. You are solely responsible for your interactions with other users. IMN may limit the number of connections you may have to other users and may at its sole discretion prohibit you from contacting other users through use of the Services or otherwise limit your use of the Services.

If you violate this Agreement while posting, that content may be removed without further notice or the rights of others posting here. Nothing you post here is confidential or proprietary and you are cautioned that other posters or viewers may use any information posted here. By posting here you agree that IMN is not responsible for the misappropriation or misuse of any information posted on this website.

*Privacy. Any submissions, including private personal information, like names, addresses and so on, are voluntary and you waive any and all rights you have to the protection of that information. By submitting ideas, suggestions, documents or other matter ("Submissions"), you agree that: (a) the Submissions are not confidential or proprietary information; (b) IMN has no obligation to keep the submissions confidential; (c) IMN can use or disclose the Submissions for any purpose, in any way, in any media worldwide; (d) if asked, you will irrevocably assign to IMN all rights to your Submissions; and (f) you are not entitled to any compensation of any kind from IMN under any circumstances.

*Content by Becoming a User of DirectConnect: As part of obtaining registration access to DirectConnect, unless you opt out, you may receive invitations to network from other conference attendees. We may also send you emails to keep you updated on developments in the site and services. Your registration for and/or subscription to such an email service and your use of the content received through these email services will be subject to these terms. You can unsubscribe to our email service by changing your email preferences on the website.

*License. If you comply with all your obligations under this Agreement, IMN grants you a limited, revocable, nonexclusive license and right to access the Services, through a generally available web browser, mobile device or application view information and use the web pages and in accordance with this Agreement for your use only. Any other use of DirectConnect is strictly prohibited. All rights not expressly granted in this Agreement, including, without limitation, title, ownership, intellectual property rights, and all other rights are retained by IMN.

*Anti-Hacking. You expressly agree not to use or attempt to use any "virus," "spyware," "malware," "adware," "Trojan horse" "deep-link," "scraper," "bot," "spider," "data-mining," "computer code" or any other automated device, program, tool, algorithm, process, or methodology or manual process having similar processes or functionality, to access, acquire, copy, or monitor any portion of this website or content. You also agree not to obtain or attempt to obtain through any means any materials or information on the website that have not been intentionally made available either by their public display on the Web Site or through their accessibility by a visible link or portal. You further agree not to violate the security of the website or attempt to gain unauthorized access to the website, data, materials, information, computer systems or networks connected to any server, through hacking, password mining or any other method.

*No Linkage. You expressly agree not to link or attempt to link to this website or the web pages contained herein.

*Third Party Information. Some of the information you access here is the property of third parties, made available here with the express permission of those third parties. IMN is not responsible for the content of any third party information provided on this website. You are cautioned that any further use of that information by you may be subject to the rights of those third parties and you may be required to obtain a license to use any such information. Failure to obtain third party permission may be a violation of federal law. You should contact the third party provider of the information to ascertain the requirements for using the information.

*Copyright and Trademarks. The layout of the website pages, graphics and pictures used and the collection of individual contributions are protected by copyright. All copyrights belong either to IMN, the third-party content providers or both. Either IMN or the third-party content providers own all trademarks and service marks depicted here.

*Indemnification. You agree to indemnify hold harmless and defend IMN, including our employees, officers, agents and contractors and our related entities and their employees, officers, partners, agents and contractors ("Indemnified") and continue to keep the Indemnified indemnified from and against any actions, proceedings, claims, demands, costs (on a full indemnity basis including, without limitation, reasonable legal and accounting fees) brought or made against the Indemnified by any person arising in connection with your use of the Website or content, or a breach of your representations and warranties in the Terms and Conditions of Use or this Agreement, or your violation of any of the Terms and Conditions of Use or this Agreement or any other activity in which you engage on or through, and from and against any damage, loss(whether personal or property, and whether direct or consequential, including without limitation consequential financial loss), cost or expense suffered or incurred by any Indemnified as a direct or indirect consequence thereof.

*Changes in Terms and Conditions. IMN may at any time revise the terms and conditions by which you may access the website or use IMN products or services. By using this website and IMN products and services, you agree to be bound by any such revisions and should therefore periodically visit this page to determine the then current version of this document.

*Limitation of Liability. Neither we, nor any of our suppliers, officers, employees, partners, affiliates, subsidiaries, successors and assigns, agents or representatives (our "Representatives") will be liable to you for:

(a) any incidental, punitive, indirect, special or consequential damage, loss or expenses, including but not limited to any loss of business, contracts, revenue, or profits, any business interruption, security breach, loss of data, loss of goodwill or reputation or other pecuniary loss suffered by you, even if we or any of our Representatives have been advised of their possible existence; nor? (b) any direct damage loss or expenses arising from loss of customers, loss of profits, loss of anticipated profits or loss of savings.

*Termination. You may terminate this Agreement, for any or no reason, at any time, when IMN receives notice from you. IMN may terminate the Agreement and your account for any reason or no reason, at any time, with or without notice. This cancellation shall be effective immediately or as may be specified in the notice and may include disabling your current and future access to DirectConnect. IMN may also suspend or terminate this Agreement if you invite other users with whom you do not know to connect; abuse the any DirectConnect messaging services; creating multiple or false profiles; infringe on any intellectual property rights, violating any provisions in this Agreement, disparage IMN or its executives, Board members, affiliates, staff or other related entities or persons, or exhibit any other behavior that IMN, in its sole discretion, deems contrary to the purpose of the website.

*No Waiver. Failure by either party to exercise any right or remedy under these Terms does not constitute a waiver of that right or remedy.

*Entire Agreement. These terms (including any terms incorporated by reference in these terms), constitute the entire agreement between you and us with respect to your access to and use of the website or receipt of any service and supersede all prior agreements, negotiations and discussions between you and us relating to the same.

*Law and Jurisdiction. Where you visit, register and/or subscribe to a this site or related service (as indicated on this website or otherwise notified to you), these terms (and any dispute or claim arising out of or in connection with these terms, including non-contractual disputes or claims), to the maximum extent permissible under the law of the territory that you are located in, will be governed by the laws of the State of New York. Any action to enforce these terms shall be brought in a federal court or a state court located in the state of New York, county of New York, and you agree to submit yourself to the personal jurisdiction of those courts in any such action.

*Force Majeure. We shall not be deemed to be in breach of these Terms by reason of any delay in performing, or any failure to perform any service or our obligations in relation to these Terms, if the delay or failure was due to any cause beyond our reasonable control, including but not limited to acts of God, explosions, floods, fire or accident, war or threat of war, terrorism or threat of terrorism, sabotage, civil disturbance, epidemics, prohibitions or measures of any kind on the part of any governmental, parliamentary or local authority, import or export regulations or embargoes, or industrial actions or trade disputes (whether involving our employees or of third parties).

*Severability. If any provision of these Terms is found to be wholly or partially invalid, void or unenforceable by any court having competent jurisdiction or by virtue of any legislation or any other reason, that provision shall be invalid, void or unenforceable to that extent only and no further and the validity and enforceability of the remaining provisions of these Terms shall not be affected.

*Notices. Any notice given pursuant to these Terms shall be made by email or first class post, in the case of you, to the address provided on your registration form and, in the case of us, to the address posted on the website or otherwise notified to you in relation to any relevant service. Any such notice shall be deemed to have arrived if sent by post within three (3) days of posting and if sent by email at the time of transmission.

This email already exists, please use "Forgot Password" page to reset a password for an existing account.
(Click "Reset Password" button below and email with password reset instruction will be emailed to you.)

Reset Password