ISF Australia Masterclass


Sheraton Hotel, Melbourne, Australia

23 Jul 2019

 

 

Global Investor ISF’s Australia Masterclass is heading to Melbourne for the first time.

Join superfunds and asset managers on July 23, 2019 at the Sheraton Hotel to gather knowledge and fresh insights across stock loan, repo and collateral.

Now in its seventh year, the Masterclass is the leading securities finance event in Australia attracting both local and global market participants.

 

 

 

Agenda


 

8:15 Registration

 

8:55 Welcome Address 
Will Browne,
Commercial Director, Global Investor Group

 

9:00 Superfund Showcase 

Executives from major Superfunds will share their expertise on managing and monitoring securities lending programmes as well as handling the associated

regulation that comes with it.
• Which stocks/trades have generated meaningful returns so far in 2019?
• Single vs multi lending agent approach
• Ensuring good governance while lending assets
• Transparency on costs and fees - RG 97 and its impact
• Attracting small/medium size funds to sec lending – what’s in it for them? 

Moderator: Stewart Cowan, Executive Director, Head of APAC Securities Finance Product, IHS Markit

Speakers:

Brendan John, Manager, FICC, AustralianSuper
Stuart Corradini, Associate Portfolio Manager – Liquidity, Fixed Income & Markets, First State Super
Natalie Floate, Head of Market and Financing Services, Asia Pacific, BNP Paribas
Jo Leaper, Senior Manager, Operational Consulting, JANA Investment Advisers
Rob Simpson, Senior Manager, Investment Implementation, QSuper 

 

 

9:45 Agency Lending Approaches 
• Trends at play, client demands
• What are the best ways to optimise securities finance revenue streams?

• Counterparty conversations: what are borrowers asking for?
• Impacts of pledge, global regulations
• New technologies and data 

Moderator: Philip Garrett, Managing Director, Tír na nÓg

Speakers:

Jeremy Martin, Senior Trader FX & Securities Lending, RBC Investor & Treasury Services
Grace Hayman, Securities Lending Relationship Manager, Northern Trust
Tony Georgievski, Relationship Manager, Securities Lending, J.P. Morgan Chase & co
Sara Cheung, Vice President, Client Management & Business Development, State Street 

 

 

10:30 Collateral Capabilities 
As market participants prepare for the next phase of IM rules, executives will discuss best practices around collateral management and the application of tri-party. 
• Preparing for IM phase 4 – what the buy-side should know.
• Best ways to move collateral through units quickly and effectively
• Developments in collateral markets and supporting the use of non-cash collateral

Moderator: Mike Davies, Director - Clearance & Collateral, BNY Mellon

Speakers:

Robert Fievez, Director, Financial Services, Risk and Regulation, PwC
Scott Barker, Head of Investment Risk & Execution Services, IFM Investors
Giselle Awad, 
Director, ANZ
 

 

11:10 Coffee Break 

 

 

11:40 Repo, Rates and Regulation
Experts will examine current trends impacting Australia’s repo market and explore important international developments, such as SFTR and
Interest Rate Benchmark Reform.
• Australia’s repo market – a look at repo rates, pricing and liquidity
• Use of repo by superfunds: is this still emerging or now mature?

• Overseas investor flows in Australia’s repo market
• Impacts of SFTR 
• Introduction of Secured Funding Reference Rate
• Application of Tri-party: usage and efficiencies – is it a good bang for buck?

Moderator: Fiona Hughes, Business Development Manager, Yieldbroker

Speakers:

Sasha Conoplia, Sales Manager, ASX Collateral & Austraclear, ASX
Hugh Leonard, Director Repo Sales & Trading, RBC
David Olivan, Senior Manager, Market Operations, Reserve Bank of Australia
Hendrik van Senden, Liquidity Manager, NSW Treasury Corp
Richard Kerr, Head of Treasury Services, IFM Investors

 

 

12:25 Demand Dynamics
This panel will explore demand dynamics across the Asia Pacific region and consider key lending opportunities for superfunds. 
• Level of special trading opportunities
• Demand for global HQLA supply
• Data and benchmarking: how to get ahead of the game
• China market liberalisation and potential 

Moderator: Kieran Buckley, Executive Director, Morgan Stanley

Speakers:

Jeb Altonaga, COO and Head of Marketing, Sandon Capital
Sam Watkins, Managing Director, Head of Synthetic Equity Distribution Asia Pacific, Goldman Sachs
Rob Nichols, Executive Director, Prime Finance, J.P. Morgan  
Dylan Rands, Senior Trader, Regal Funds Management 

 

 

13:10 Next Generation Securities Finance
This panel will explore alternative ways of conducting securities finance business, including peer-topeer routes and emerging platforms.
• Sophisticated sec finance models – can Superfund’s replicate other advanced institutional investors in Canada, for example?
• New routes to market – a look at new and emerging platforms
• Peer to peer risks vs benefits for investors
• What role do banks play and what value do they offer in a peer-to-peer structures?

Moderator: Philip Garrett, Managing Director, Tír na nÓg

Speakers:

Malcolm Poes, Portfolio Manager, Exposure Management, Sunsuper 
Eusebio Sanchez, Managing Director – Regional Head of Agency Securities Lending – APAC, Citi 
Todd Manning, Vice President Head of Securities Finance, Australia and New Zealand, State Street 
Sam Watkins, Managing Director, Head of Synthetic Equity Distribution Asia Pacific, Goldman Sachs 

 

13:55 Closing Remarks

 

14:00 Lunch 

Speakers


Currently Confirmed:

Brendan John, Manager, FICC, AustralianSuper
Will Browne,
General Manager, Global Investor
Stuart Corradini, Associate Portfolio Manager - Liquidity, Fixed Income & Markets, First State Super 
Stewart Cowan, Executive Director, Head of APAC Securities Finance Product, IHS Markit
Natalie Floate, Head of Market and Financing Services, Asia Pacific, BNP Paribas
Jo Leaper, Senior Manager, Operational Consulting, JANA Investment Advisers
Eusebio Sanchez, Managing Director - Regional Head of Agency Securities Lending, Citi
Grace Hayman, Relationship Manager, Securities Lending, Northern Trust
Tony Georgievski,
Relationship Manager, Securities Lending, J.P. Morgan
Sasha Conoplia,
Sales Manager, ASX Collateral & Austraclear, ASX
Hugh Leonard,
Director, Repo Sales & Trading, RBC
David Olivan,
Senior Manager, Market Operations, Reserve Bank of Australia
Kieran Buckley,
Executive Director, Morgan Stanley
Sam Watkins,
Managing Director, Head of Synthetic Equity Distribution Asia Pacific and Head of Equity Derivative Sales, Australia & New Zealand, Goldman Sachs
Philip Garrett,
Managing Director, Tír na nÓg
Jeremy Martin,
Senior Trader FX & Securities Lending, RBC
Jeb Altonaga,
COO & Head of Marketing, Sandon Capital
Robert Fievez, 
Director, Financial Services, Risk and Regulation, PwC
Rob Simpson, 
Senior Manager, Investment Implementation, Q Super
Todd Manning, 
Vice President Head of Securities Finance, Australia and New Zealand, State Street 
Mike Davies, Director, Clearance & Collateral, BNY Mellon
Philip King, CIO, Regal Funds Management
Francesco Squillacioti, Global Head of Client Management, Securities Finance, State Street
Hendrik van Senden, Liquidity Manager, NSW Treasury Corp 
Richard Kerr, Head of Treasury Services, IFM Investors
Dylan Rands, Senior Trader, Regal Funds Management 
Malcolm Poes, Portfolio Manager, Exposure Management, Sunsuper
Rob Nichols, Executive Director, Prime Finance, J.P. Morgan
Sara Cheung, Vice President, Client Management & Business Development, State Street 
Scott Barker, Head of Investment Risk & Execution Oversight, IFM Investors
Fiona Hughes, Business Development Manager, Yieldbroker
Giselle Awad,
Director, ANZ

 

 

 

 

 

 

 

Sponsors


 

ASX

 

 

 

ASX is one of the world’s leading financial market exchanges, offering a full suite of services, including listings, trading, clearing and settlement, across a comprehensive
range of asset classes. As the first major financial market open every day, ASX is a world leader in raising capital, consistently ranking among the top five exchanges globally.

With a total market capitalisation of around $1.5 trillion, ASX is home to some of the world’s leading resource, finance and technology companies. 
Our $47 trillion interest rate derivatives market is the largest in Asia and among the biggest in the world. ASX’s network and data centre are connected to leading financial hubs. 
Speed, reliability, state-of-the-art technology and the diversity of the user community, are fundamental to the success of the Sydney-based ASX Australian Liquidity Centre.

We operate in a world class regulatory environment, meeting the highest global standards. 
Our clearing houses are among the most secure and well capitalised in the world, and help underpin the stability of Australia’s financial markets.

ASX Collateral tri-party services

ASX OTC Derivatives Clearing

 

 

BNP Paribas 

 

 

BNP Paribas aim to be the benchmark European bank with a global reach, the preferred long-term partner to our clients, and a contributor to responsible and
sustainable global development.  BNP Paribas Securities Services is wholly-owned subsidiary of the BNP Paribas Group and one of the highest-rated asset
servicing banks in the industry.  We are a multi-asset servicing specialist committed to helping our clients achieve their ambitions both in terms of investments
and cross-border distribution across our extensive network covering approximately 90 markets.

With an in-depth knowledge of global markets across multiple asset classes and currencies, we have supported securities lending and borrowing activities for
many years. Our seven desks world-wide cover established securities lending and borrowing markets and provide in-depth knowledge of local market trends
and across multiple asset classes. Our complete securities lending and borrowing programs provides the flexibility to lend and borrow assets in a variety of ways
and our proven track record is the result of strong trading expertise, robust risk management policies and controls and the continuous development of operational
efficiencies, backed by the strength of our balance sheet.

 

 

 

 

BNY Mellon

 

 

While BNY Mellon is best known as a custody bank, we’re actually much more than that. In fact, we service the entire life cycle of a transaction, from custody
through to trading, funding, liquidity, collateral management and settlement.

BNY Mellon Markets operates five distinct but connected business lines:
FX Our foreign exchange business gives clients access to FX products in over 80 currencies across 400-plus currency pairs.
FIXED INCOME & EQUITIES Whether it’s cash equities, ETFs, sovereign or corporate bonds, agencies or MBS, you can execute it all with our capital markets desk. 
SECURITIES FINANCE A market leader in agency securities lending, conduit principal securities lending and secured loans.
COLLATERAL MANAGEMENT Offering comprehensive services around pledged margin assets, from collateral segregation through to collateral administration.
LIQUIDITY SERVICES Providing clients access to cost-effective funding and efficient access to money market funds through our Liquidity DIRECT portal.

 

 

 

Citi

 

Citi’s mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
We have 200 years of experience helping our clients meet the world’s toughest challenges and embrace its greatest opportunities.
We are Citi,the global bank — an institution connecting millions of people across hundreds of countries and cities.

 

 

 

Goldman Sachs

 

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide
range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.
Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

 


J.P. Morgan

 

 J.P. Morgan’s Investor Services business safekeeps, values, clears and services securities and portfolios for institutional investors, with $23.5 trillion in assets
under custody. We are a global leader in providing innovative solutions, helping clients in more than 90 markets optimise efficiency, mitigate risk and enhance
revenue through custody, asset and fund servicing, collateral management, securities lending and derivatives clearing. In Australia and New Zealand, we offer
a comprehensive range of core and specialised solutions to superannuation funds, investment managers and other institutional investors. We tailor solutions 
specifically for our clients’ needs, combining a wide range of products with the market-leading services of a top-tier investment bank.  Visit www.jpmorgan.com/is to learn more.

 


IHS Markit

 

IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. We deliver next-generation
information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to
well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the
world’s leading financial institutions. Headquartered in London, IHS Markit is listed on the Nasdaq under the symbol INFO and committed to sustainable, profitable growth.
www.ihsmarkit.com

 


Northern Trust

 

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, 
affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international
locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2017, Northern Trust had assets under custody/administration of
US$10.7 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

 

 
RBC

 

 

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC.

We are one of Canada's biggest banks, and one of the largest in the world based on market capitalization.
We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor
services and capital markets products and services on a global basis. We have 84,000+ full- and part-time employees who serve more than 16 million clients in Canada,
the U.S. and 34 other countries.

 

State Street 

 

 

 

 

 

 

 

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing,
investment management and investment research and trading. With $32.6 trillion in assets under custody and administration and $2.8 trillion* in assets
under management as of March 31, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide.
For more information, visit State Street's website at www.statestreet.com.

* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion
as of March 31, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated.

Sheraton Hotel 

27 Little Collins St,
Melbourne VIC 3000,
Australia