Agenda - 2/13 | Beneficial Owners Securities Finance

Showing 2 of 2 Streams

Breakfast

Closed Door Meeting

8:45am - 9:30am

Breakfast for all attendees

9:00am - 10:00am

Beneficial owners closed-door roundtable: Agenda insights & interactive discussion

Join fellow beneficial owners in this exclusive closed-door session to reflect on and discuss key topics and insights from the previous day’s agenda. This interactive forum provides a unique opportunity to engage in open Q&A, share perspectives, and explore actionable takeaways in a collaborative and confidential setting. Extend your networking with peers while diving deeper into the issues that matter most to your portfolios.

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

Showing 1 of 1 Streams

General Session

10:00am - 10:45am

Innovating securities lending: Optimizing ETF strategies and embracing digital assets

How ETFs can enhance securities lending income while maintaining fiduciary responsibilities and competitive expense ratios
Balancing shareholder interests with revenue opportunities: Fiduciary considerations in ETF lending programs
Exploring the role of tokenized securities and blockchain in transforming settlement and collateral workflows
Managing counterparty risk, collateral requirements, and recall capabilities in both traditional and digital asset contexts
Navigating regulatory frameworks for ETFs and digital assets, including SEC disclosure obligations and compliance challenges
The rise of digital asset ETFs: Implications for beneficial owners, portfolio diversification, and securities lending strategies
Leveraging smart contracts and AI to automate securities finance transactions and improve operational efficiency
Addressing operational challenges in onboarding digital assets, including custody, valuation, and risk management

Andy Hill - Managing Director, Co-Head Market Practice and Regulatory Policy, International Capital Market Association (ICMA)
Eric Pollackov - Head of ETF Capital Markets, U.S, Invesco
Jed Fenchel - COO of Institutional Financing & Head of Agency Lending, Coinbase
Hu Liang - Co-Founder & CEO, Novellus

Showing 1 of 1 Streams

Networking Break

10:45am - 11:00am

Networking Break

Showing 1 of 1 Streams

General Session

11:00am - 11:45am

Retail securities lending: Unlocking value in the mass market revolution

Structuring retail securities lending programs for different client segments
How does retail inventory complement institutional supply?
Borrower appetite and pricing dynamics for retail-sourced securities
Opt-in strategies and client education frameworks
Balancing competitive revenue splits with operational costs, exploring tiered sharing structures, and maximizing returns for both clients and intermediaries
Navigating disclosure requirements, suitability standards, and best execution obligations specific to retail securities lending programs
Managing counterparty risk, collateral requirements, and operational risks unique to retail client bases, including concentration limits and diversification strategies

Joe Parascandolo - Director - Head of SBL Sales & Coverage for North America, Wematch.Live
Scott Utain - Head of Brokerage Securities Lending, Vanguard, Vanguard
Amy Dunn - Executive Director, Agency Securities Finance, J.P. Morgan
William Pepe - Head of Securities Lending, North America, Interactive Brokers Group

11:45am - 12:20pm

Preparing for the treasury clearing mandate: Strategic implications for beneficial owners

Key milestones for Treasury cash clearing and repo clearing - actionable preparation steps for beneficial owners
Technology upgrades, workflow redesigns, and system integrations required to support centralized clearing processes
Understanding initial and variation margin requirements, capital allocation changes, and liquidity management under the new clearing framework
Reshaping prime brokerage relationships, clearing member selection criteria, and market access considerations in a centrally cleared environment
Enhanced collateral management requirements, eligible securities criteria, and strategies for efficient margin posting and substitution
New operational, credit, and liquidity risk profiles under central clearing, plus updated risk monitoring and mitigation frameworks
Evaluating clearing fees, operational expenses, and capital costs against reduced counterparty risk and potential market efficiencies

Andy Hill - Managing Director, Co-Head Market Practice and Regulatory Policy, International Capital Market Association (ICMA)
David Kim - Head of Client Management for U.S. Asset Managers, State Street

Showing 1 of 1 Streams

Closed Door Meeting

12:20pm - 12:45pm

Beneficial Owners Closed Door Meetings Summary Session

Ed Witham - Senior Portfolio Manager, Maryland State Retirement & Pension System

12:45pm - 12:50pm

Conference Concludes

2/13Friday, February 13, 2026 - MST

Get the latest event updates