SCI 7th Annual Securitization Pricing, Investment & Risk Seminar
New York, 29 October 2014

The 7th Annual SCI conference focused on issues affecting investment and trading of securitized bonds, and in light of the various on-going regulatory actions, the likely implications for primary market issuance and secondary market valuations of such assets. Panel discussions looked at where relative value lies in investment opportunities as spreads compress; the possible re-emergence of private-label RMBS; how the CLO market will look in 2015 and how investors view today's market. 

Venue: 3rd Floor, Bank of America, 250 Vesey Street (formerly Four World Financial Center), New York, NY 10007

 Kindly sponsored by:


 

 

 

 

 

 

 

   

 

                                                                                   

 

   

 


 

 

   


AGENDA


08:00 REGISTRATION AND BREAKFAST

08:45 KEYNOTE SPEAKER
An overview of the current economic environment and regulations, and the consequent impact on the issuance of, and appeal for, securitized bonds.
Keynote Speaker:
Alan Todd, Managing Director, Head of U.S. Commercial Mortgage Research, Bank of America Merrill Lynch Bio

09:15 Networking Break

09.30 Two Streams to choose from:

Stream A: REGULATIONS: ISSUANCE & INVESTMENT IMPLICATIONS
Building on elements of the keynote speech, this discussion will take an in-depth look at regulations that have recently come to bear, such as Reg AB 2, the proposed unified GSE Security, and the likelihood of the Barr Bill coming to fruition. What are such measures' likely impact on transparency, issuance and investment appetite? Investors express a desire for private-label RMBS but is this sector likely to make a meaningful comeback soon? What other regulations are in the pipeline?
Moderator:
Rick Michalek, RJM Consulting Bio
Panel includes:
Deborah Festa, Milbank Bio
Dan Gerard, Sidley Austin Bio
Bill Harrington, Consultant Bio
Robert Hynes, FHFA Bio

Stream B: Workshop: CLO Valuation & Analysis
An indepth look at CLO Cashflows and evaluation factors
Hosted by:
Bank of America Merrill Lynch PriceServe
 
10:15 Networking Break

10:45 RELATIVE VALUE OPPORTUNITIES: TRADERS' ROUNDTABLE
After a year of relatively stable economic news and compressing spreads where does value exist across the capital structure, and in which collateral? What issues does the market face in relation to liquidity, transparency and pricing? A panel of traders discusses the market, what they are seeing and what they like in today's environment.
Moderator:
Jennifer Press, Duff & Phelps  Bio
Panel Includes:
Walter Weil, Morgan Stanley
Evan Kestenberg, Seaport
Sean Cochran, Bank of America

 

11.30 CLO MANAGER PANEL
2014 is likely to be a record year for issuance. Will 2015 see similar trends; moreover will supply be sufficient in the leveraged loan market? How will issuers, particularly smaller managers, find sufficient affordable collateral without compromising quality and risk? How is the market dealing with the Volcker Rule?
Moderator:
Adam Kirby, Kanerai
Panel Includes:
Matthew Miller, Crescent Capital Bio
Joe Rotondo, Invesco Bio
Oliver Wriedt, CIFC

12:15 Networking Break

12.30 Two Streams to choose from:

Stream A: INVESTORS' PANEL
Hedge Funds and Institutional Investors share their opinions on the market outlook and opportunities they see across the securitization markets in the US and beyond.
Panel Includes:
Chris Acito, Gapstow Partners Bio
Brad Golding, Cristofferson Robb Bio
Stuart Lippman, TIG Funds

Stream B: WORKSHOP: AN IN-DEPTH LOOK AT U.S. NON-AGENCY RMBS VALUATIONS
The regulatory environment is putting increased pressure on valuations for structured products, including Non-Agency RMBS. Financial firms are under intense scrutiny to defend their pricing methodologies on harder-to-price securities and pricing teams need to provide independence, transparency and defensibility on every security. Join Bloomberg for an in-depth review of Non-Agency RMBS pricing methods.
Hosted by:
Brent Forsland, BVAL
Pat Guidera, BVAL

13:15 Lunch

14.00 REGULATIONS: PRICING & VALUATION IMPLICATIONS
Illiquid securities remain an issue and regulators are as keen as ever to ensure that valuations are realistic; what steps is the industry taking to better value these assets and to ensure that the quality of pricing does not fall below regulators' expectations? What do pricing practitioners need to be aware of from an IFRS & Prudent Valuations stand-point?
How can the role of market data help in complying with regulations, and furthermore how has this role changed recently given the constraints that compliance departments now apply to reduce external market data deployment? What measures can institutions employ to help overcome these conflicting pressures?
Moderator:
Adam Bareham, Grant Thornton Bio
Panel Includes:
Diana Allmendinger, Fitch Solutions Bio
Rick Fingeret, Ernst & Young
Ajit Gupta, Bank of America Merrill Lynch Bio
Milton Miyashiro, Thomson Reuters Bio
Cynthia Sachs, Bloomberg, BVAL Bio

15:00 Close

REGISTER HERE



Delegates who attended this event in 2013:
(copyright SCI)


Dhruv Bajpai Director Angelo Gordon
Hooman Banafsheha Vice President Goldman Sachs
Chris Battistini Vice President Conning
John Bellando associate JPMORGAN
Desiderio Berdini Summer Intern Citi
Kofi Boakye analyst Duff & Phelps
Crager Boardman Controller Waterfall
Carlos Bonetto Director Societe Generale
Ira Braswell Associate Goldman Sachs & Co.
David Bren Senior Director Fitch  
Jasper Brice Senior Examiner HSBC
Peter Campbell Manager Capelogic Inc.
Mario Felipe Campuzano Ochoa Principal BroadSouth Investment Management  
Yan Cao Senior Manager MORGAN STANLEY
Xavier Capdepon Structured Products Professional
Matthew Carr Sales Bank of America Merrill Lynch
Robert Caruso Fixed Income Associate Direct Access Partners
Adrienne Cerniglia Managing Director - Head of Structured Credit Hapoalim Securities USA  Inc.
Erika Chaparro Pricing Analyst BNY Mellon
Andrew Chasen President Chasen Enterprises
Jean-Christophe Chehikian Director BNP PARIBAS
Keith Chen VP AIG
Phoebe Cheng Ms One William Street Capital
Kuangyu Chin AVP Mizuho Corporate Bank
Evelyn Cho Associate Christofferson  Robb & Company
Eric Chung BondEdge - Interactive Data
Jackson Chow Executive Director Morgan Stanley
Matthew Cohen Associate Waterfall Asset Management
Laura Cohen Valuations Analyst Angelo  Gordon & Co
Tony Comunale Analyst RBC
Tommy Constantinou Analyst Sumitomo Mitsui Trust Bank Ltd.
Caroline Corrigan Marketing Bloomberg
Pierre Coutin Risk-Investment Market Analyst BNPPARIBAS
cathy cunningham business development CREMAC Commercial Finance
Jason Danen Director of Operations Owl Creek Asset Management
Christian Degenhardt Director Interactive Data
Cameron Deiser Financial Analyst United Services Automobile Accociation
JD Diabira Managing Partner Riskmont
Robert DiOrio Managing Director M&D Advisors   
Vincent Dolan VP BayernLB
James Dolan Fixed Income Trader Bonwick Capital Partners
Steven  Donnelly Bank of America Merrill Lynch
John Duddy Mananging Director Marathon Asset Management
Ese Edojah Market Risk Analyst Sovereign Bank
Richard Eimbinder MD PriceServe Bank of America Merrill Lynch
Deena Ellis Senior Manager PwC
Mimi Eng Analyst Moody's
Kristen Espenak Associate Director RBC Capital Markets
James Fallon VP Morgan Stanley
Cong Fang Market Risk Management - Officer Mizuho Corporate Bank
Michael Fellus Fixed Income Trader Braver Stern
Mario Fernandez Director CRC
Andrew Fitch Counterparty Credit Risk Analyst Bank of America Merrill Lynch
Tamesha Forrest Pricing & Valuations Neuberger Berman
Orlee Freind Analyst Rogge Global Partners
Philip Friedman Manager Philip Friedman
Joseph Furnari Manager Morgan Stanley
Diane Gardere Bank of America Merrill Lynch
Peter Genis Bank Examiner Federal Reserve Bank of NY
Shayan Ghose Summer Analyst Citi
Rob Goldwasser MD Bank of New York Mellon
Pat Gonzalez ceo Athilon
Jesse Goodman Exec Dir Morgan Stanley
Suzanne Grady Bank Examiner Federal Reserve Bank of New York
Jason Graffius Vice President BlackRock
Edward Grebeck Chief executive officer Tempus Advisors
Anton Grishakov Three Court  
Bryan Gross Associate H/2 Capital
Marc Groz Managing Director SPM  
Pan Gu Risk Management Mizuho
Bill Harrington Moody's
Lavonne Harris Business Unit Controller Magnetar Capital  
Sandy Harris Executive Director Morgan Stanley
Matthew Hayek Pricing Analyst Apollo
Andrew Hayes Pricing Manager Moore Capital Management
Martin Helm Portfolio Manager Syncope  
Christopher Heron Vice President RBC Capital Markets
Yutaka Hiraoka Senior Vice President Mizuho Corporate Bank  Ltd.
Richard Horton Audit Manager EisnerAmper L 
Jeff Humphrey Seaport Group
Benjamin Ilany Associate RBS
Ferry Jacob Market Risk RBS
Vivek Jain VP Bank of America Merrill Lynch
PK Jain MD Braver Stern
Advait Joshi Director BNP Paribas
Caio Kac Treasury Officer Itau Unibanco SA - New York Branch
Julian Kamba Senior Portfolio Manager LBBW
Arthur Kavalis Partner Three Court  
Bob Kent Managing Director Morningside Securities   
Will Keown Manager PIMCO
Asif Khan Managing Director Storm Harbour Securities
Surbhi Khandelwal Manager Vichara Technologies
Sanjeev Khurana Managing Director Pierpont
Natalia Kibler Pricing Specialist BNY Mellon
Elizabeth Kim Director Citi
Janet Kim Analyst Ellington Management Group   
Elise Kim Director Napier Park Global Capital
Jong Kim Senior Bond Analyst Amherst Advisory & Management   
Richard Kim Chief Operating Officer Seer Capital Management  
John Kohler Managing Director Cantor Fitzgerald
Justine Kong Vice President Ambac Assurance Corp
Youriy Koudinov Director, Securitized Products Research Lewtan Technologies
Sheri Koval Director Structured Credit Sales Natixis
Lawrence Kwoh Managing Director ex-Morningstar
Edward Lawless Analyst Silvermine Capital Management
Diane Lebowitz Managing Director Vichara Technologies
Joan Lederer Controller Greywolf Capital Management   
David Leff Managing Director LeffCapital
Stephen Lei MD G2 Investments
Henry Levy Managing Director braver stern securities
Priscilla Li Associate Morgan Stanley
Joe LI Team Leader APOLLO GLOBAL MANAGEMENT
Mohan Liang Risk Analyst Citi
Raphael Licht COO RAIT Financial Trust
Maggie Liu Associate Director UBS
Bob Makarechian Director Clear Mountain Capital
Marsha Malozemova Analyst RBS
Leila Manii Financial Analyst DBRS  Inc.
Michael Manning CEO DealVector
Fa'iz Marhami Director Fitch Solutions
Jason Marinis Accountant Greywolf Capital Management   
Nicholas Marino Vice President BlackRock
Nick Martucci Analyst The Seaport Group
John Mawe Structured Credit Advisor Syncora
Jim McClernan Senior Vice President Sovereign Bank
Michael McCormick Vice President, Risk Finance Ambac
Mark McKenna Senior Director Moodys Analytics
Neil McPherson Managing Director Markit
Kieran McShane Director, Structured Finance Standard & Poor's Ratings Services
David Mead Director RBS
Paul Merrill Partner KPMG
Rachel Merva Vice President Strategic Asset Services  
Joseph Mezyk Analyst PNC
Rakshet Mistry Quant Associate Natixis North America
Sandeep Mody Trader Syncope   
Sean Molloy consultant SM Consulting
Nailya Mursalov Evaluator Thomson Reuters
Sam Na Director Centerbridge
Krishna Nadella Americas Pricing Sales Team Bloomberg
Sapan Nainani manager Migdal Insurance Company
Kevin F. Niblo Structured Products MAXCOR/ BGC Partners
Doug Nicholson Vice President JP Morgan
Feng Ning Quant Scotiabank
Kofi Obe Sales Bonwick Capital
Brendan O'Brien Portfolio Analyst Silvermine Capital
D'Juan O'Donald Associate H/2 Capital Partners
John O'Dowd Executive Director, Structured Credit CIBC World Markets  Inc.
Artur Oganezov Vice President Duff & Phe s  
KANAN PARIKH FRONT / MIDDLE  OFFICE - TRADE SUPPORT GE Capital
Suraj Pawar Vice President RBS
Pakorn Petrakard Associate Director UBS
Chris Pierce PM Longhill Capital
Vincent Pini VP Sec Prod Valuation Barclays
Jackie Polak VP LBBW
Jen Press Director Duff & Phe s
Joseph Priolo Analyst DBRS
eugene radomyslsky Implementation Engineer Moodys
Adrian Radulescu Director AMR
Sandra Ramirez Partner Further Lane Asset Management
Gowtham Rengaraj Quantitative Analyst - Credit Markets Societe generale
Justin Revelle Engagement Manager Moody's Analytics
Sunil Rohra VP - Senior Analyst Moody's
Markus Rohrbasser MD Conning
Matthew Rose Head of CLO Pricing Thomson Reuters
Bram Rosenfeld SVP Thomson Reuters
Joseph Sacco Pricing Specialist Bank of New York Mellon
Brian Salvitti Analyst Silvermine Capital
Bhawandeep Sandha Director UBS
John Schiavetta Dir of Risk Mgmt, Fixed Income AllianceBernstein
Eugene Schlanger Director and Senior Counsel Standard Chartered
Carl Schuman Structured Credit Sales Guggenheim Securities
Steve Segretta Managing Director Vichara Technologies
Lisa Seim Princiapl Strategic Exchanges Innovative Markets
Eli Shaashua Managing Director Red Granite Capital Partners
Parth Shah Summer Analyst Bonwick Capital
Stephen Sharkey Analytics Analyst Shenkman Capital
Mickey Shemi Director Christofferson  Robb & Co.
Matthew Shepard Portfolio Manager Lord Abbett & Co.
Amir Shuja Executive Director, Valuation Control Group J P MORGAN CHASE
Kunwar Singh Asst Vice President Paulson & Co.  Inc.
Peter Skawinski Vice President Morgan Stanley
Steven Snyder Managing Director Windham Associates
Laura Somerville VP, Director of Account Management BondEdge - Interactive Data
Alvar Soosaar Managing Director Taberna Capital
Andrew Stumm Vice President Garnet Capital Advisors
Janine Su CMBS Valuation Controller UBS
Connie Swart Audit Senior Manager EisnerAmper L 
Yasutoshi Tanaka Senior Vice President Mizuho Corporate Bank
Xinyu (Vincent) Tang Executive Director Nomura
Alex(Hua) Tang Director Citi
Leon Tatevossian Senior risk manager - Group Risk Management RBC Capital Markets   
Mustafa Tayeb DIRECTOR OF ACCOUNTING Avenue Capital Group
Fitz Tepper Intern RAIT
Sameer Tikoo Portfolio Manager/Trader Partnerre Asset Management
Walt Tsin CFO Seer Capital Management
Edwin Tsui Serenitas Capital  
Alex Tsymbal RMBS Desk Interactive Data
Margaret Uhlein Intern Grenadier Capital   
Wyatt Uhlein Managing Partner StoneHouse Search Partners
Manish Valecha Senior Investment Analyst Gapstow Capital Partners
Amit Valecha ED UBS
Ross Vanderlinden Managing Director StormHarbour
Susan VanSciver SVP, Structured Credit Sales Hapoalim Securities USA  Inc
Vassos Vassiliou Managing Partner RiversideCredit Inv. Corp.
Sindhu Veluri Lead Evaluator, Structured Credit Thomson Reuters
Lauren Walsh Senior Associate CBRE Global Investors
June Wang Director Bank of America
Jim Wang Managing Partner Eidesis Capital
Hong Wang Director Citi
David Weeks Chief Investment Officer Serenitas Capital  
Michelle Wei Assistant Trader G2 Investment Group
David Williams Vice President Natixis
Zach Winslow Analyst GIC Asset Management
Steven Yaeger Vice President Athilon Structured Investment Advisors   
Kelly Ye VP Goldman Sachs
John Yi Vice President THL Credit SLS
Li-Fen Yip Middle Office Varadero Capital
Christine Yom CLO Controller Black Diamond
Quan Yoon Financial Analyst DBRS
Mengdan Yu Market Risk Manager Citi
Ronald Yung SVP White  Weld & Co.
John Zerbee Analyst TIG ADVISORS
Jeffrey Zinn Sales Jefferies
Michael Zoccoli Director UBS
Noah Zuckerbrod Analyst Seaport Group


back to top