REGULATIONS: PRICING & VALUATION IMPLICATIONS: Cynthia Sachs, Global Head of Bloomberg Valuation Service (BVAL)

Cynthia Sachs is the Global Head of Bloomberg Valuation Service (BVAL), which provides highly transparent, evaluated prices on over 2.3 million fixed income securities daily. Based in New York, Ms. Sachs oversees product development, strategy and support for the BVAL solution and has been central in its expansion into less liquid, credit-sensitive asset classes. Prior to joining Bloomberg in 2010, Ms. Sachs was Senior Portfolio Manager and Trader leading Morgan Stanley's corporate credit proprietary trading business within its Securitized Products Group in New York and London. Previously, she was a Managing Director at Natixis where she built and ran the Media, Entertainment, Telecommunications and Technology Group within its U.S. Leveraged Finance business. Ms. Sachs started her career as a leveraged finance banker at Bank of America. Ms. Sachs holds an MBA from New York University's Stern School of Business and a bachelor's degree in Finance and English from the University of Maryland.