Fixed Income Leaders USA Summit 2018

June 06 - 08, 2018

Westin Copley Place, Boston

44 (0)207 368 9576

Agenda Day 3

7:45 am - 8:25 am Registration and Breakfast

7:45 am - 8:30 am Women On Wall Street Think Tank: How can the Fixed Income industry better attract, develop and retain top female talent?

Jennifer Litwin, Senior Vice President, Head of Relationship Management,Greenwich Associates
ü  A boardroom discussion on professional skill development, building a personal brand, and getting ahead on the street
ü Enhance your career by learning from, and being inspired by, some of Europe’s most successful and influential women leaders

Jennifer Litwin

Senior Vice President, Head of Relationship Management
Greenwich Associates

8:25 am - 8:30 am Chairperson’s Opening Remarks:

Pushing Traditional Boundaries

8:30 am - 9:00 am Buy Side Keynote Interview: Navigating the new norm- Lifting the lid on how the Blackrock are embracing innovative ways of working to address the fragmented product, liquidity, and platform conundrum

Rick Mcvey, CEO,MarketAxess Supurna Vedbrat, Head of Global Trading.,BlackRock
  Ø  Adapting to the new norm - How can you set up your internal processes, connectivity and technology to maximize liquidity and meet your investment needs?
Ø  Overcoming fragmentation- What capabilities are needed on the buy side to actually achieve the best execution result?
Ø  Where is the investment in new technology going in order to now focus trading resources where they are truly needed? 
Ø  What changes have Capital Group already made, and where do they see further change in order to capitalise on new trends in fixed income markets?
Ø  The buy side juggling act- With the ongoing challenge of regulation and cost reduction, how are Capital Group ensuring they are still meeting their fiduciary duties for their clients? 

Rick Mcvey



Supurna Vedbrat

Head of Global Trading.

  • How can you best respond to a rising rate environment to come out on top in a new environment? 
  • Diversification and risk reduction- what are the drivers of a successful portfolio over the next 12 months and how can you position your portfolio?
  • Risk vs. reward- where are the opportunities for fixed income investing in 2018 and what are the factors that drive these? 
  • How can you apply ‘out of the box’ thinking to drive your fund business and generate returns for your investors in an increasingly complex environment?


David Saab

Managing Director
JP Morgan Private Bank

Marc P. Seidner

CIO Non-traditional Strategies, Managing Director and Head of New York Portfolio Management

Adrian Helfert

Head of Global Fixed Income USA

Robert Tipp

Managing Director, Chief Investment Strategist


Payson F. Swaffield

Chief Income Investment Officer
Eaton Vance Management

Bill Adams

Global CIO, Fixed Income

9:40 am - 10:00 am Regulatory Keynote: Modernizing the regulatory structure and process to create a robust financial system- What improvements are the Treasury proposing to improve market liquidity and transparency across FICC markets?

Brian Smith, Director, Office of Capital Markets,U.S. Department of the Treasury
ü  Where are the opportunities for further reform in fixed income capital markets which can foster economic growth and provide opportunities for both investors and issuers?
ü  Recalibrating derivatives regulation- What recommendations are the Treasury proposing to improve the state of derivatives markets to promote greater market liquidity and transparency?
ü  How are regulators promoting innovation and flexibility across the execution process and within market infrastructure to help improve eTrading in FICC markets?
ü  Promoting US interests and ensuring a level playing field abroad- What steps can be taken to enhance American companies’ competitiveness

Brian Smith

Director, Office of Capital Markets
U.S. Department of the Treasury

10:00 am - 10:30 am Special Guest Speaker: : Future-proof yourself- How is AI, machine learning and robotics going to radically change and shape the future of your profession?

Jason Schenker, Chairman of the Futurist Institute and President,Prestige Economics
ü  The future of the economy- How will changes in robotics and automation impact jobs, the US and the global economy
ü  The future of finance- How will AI, machine learning and robotics change the fundamentals of finance and investing, and what adaptations do firms need to make now to survive and thrive in new markets?
ü  The future of your profession- How technological innovations; including FinTech, crypto, blockchain, robo-advising, and application is going to change your profession
ü The future you- How can you survive  these changes and benefit from robots and automation?

Jason Schenker

Chairman of the Futurist Institute and President
Prestige Economics

10:30 am - 11:00 am Morning Refreshment Break: Bloody Marys and breakfast paninis pick-me-up

Available in the exhibition area

11:00 am - 11:20 am Fireside Chat: From challenge to opportunity- What long-term benefits can MiFID II bring and how can you best capitalize on them?

ü   What have been the early experiences of MiFID II since implementation and how are different entities from across the industry approaching it?
ü  Has the initial implementation caused any unintended consequences, or has everything gone as expected thus far?
ü  What technologies are coming forward to help the buy side comply with MiFID II compliance?
What obligations of MiFID II are still to come into play and what steps should you take to best prepare for them now?

11:20 am - 11:40 am Fireside Chat: Improving transparency across fixed income markets- The evolution of TRACE beyond corporate bonds and how you can reap the benefits

ü  An update on TRACE expansion and TRACE for Treasuries - Value of the buy side providing feedback and the outcomes from this
ü  TRACE expansion- How TRACE moved from corporate bonds to more complex fixed income instruments and the value of buy side feedback
ü  Transparency paradigms in more complex securities - balancing the interests of transparency and participant/strategy anonymity
Available TRACE data and use in Risk Management

11:40 am - 12:00 pm View from the MSRB: Outlining the long-term strategic vision for a fair, transparent and efficient municipal securities market

Lynette Kelly, Executive Director,MSRB
ü  Outlining the current issues facing the municipal securities market- How is the MSRB addressing issues around best execution and market disclosure?  
ü  Expanding compliance support in securities- what are the current rules and regulations around municipal securities markets and what impact does this have on your daily trading activities?
ü  Optimising market data- Outlining how the MSRB are supporting the efforts to maximise the availability and quality of market data for the benefit and use of all stakeholders.
Providing financial transparency to municipal securities markets- analysing the state of data availability and how you can improve your access to this

Lynette Kelly

Executive Director

12:00 pm - 12:40 pm All Star Panel: Bridging the gaps in the O/EMS- How are providers addressing the complexities faced in the fixed income asset class to offer you the adjustments you need now and in the future?

Rebecca Healey, Head of EMEA Market Structure and Strategy, Liquidnet Glenn Taitz, Head of Fixed Income Trading,Invesco Jamie Anderson, Head of US Trading,Insight Investment Vidya Guruju, Product Manager, CFA,Charles River Development
ü  Building a fixed income O/EMS- what makes a specialized fixed income OMS and EMS system and how far are we from making this a reality?
ü  What are the needs of the buy side from their O/EMS counterparts and how can they be addressed so the providers are meeting these needs?
ü  How should a modern O/EMS simplify a buy side workflow and help you connect to more liquidity hubs, integrate more data and help you meet your compliance goals?
With O/EMS systems so vital to a trader’s workflow, what are the O/EMS providers doing to ensure they are keeping up with the pace of change in fixed income?

Rebecca Healey

Head of EMEA Market Structure and Strategy


Glenn Taitz

Head of Fixed Income Trading

Jamie Anderson

Head of US Trading
Insight Investment


Vidya Guruju

Product Manager, CFA
Charles River Development

12:40 pm - 1:00 pm Industry Perspective: Assessing the uptake of ETFs in fixed income by the buy side- Examining how their being used to achieve greater market exposure and better source liquidity

Philip Cichlar, Head of ETF Sales and Trading,Jane Street

Philip Cichlar

Head of ETF Sales and Trading
Jane Street

Special Guest Speaker

1:00 pm - 1:40 pm Lunch and Networking Break: Mesa Yucatan Lunch

Meet & Greet Lunch & Networking For All Attendees

Track A - Technology

1:40 pm - 2:00 pm Fireside Chat: How to embrace diversity and inclusion to enrich the workplace and make this your competitive advantage
Jennifer Litwin, Senior Vice President, Head of Relationship Management,Greenwich Associates Marianne Winkelman, VP, Director of Global Bond, EM and FX Trading,Loomis, Sayles & Company
ü  Assessing what diversity and inclusion means in capital markets- Why is this such a big issue and how can it be addressed?
ü  More than just a tick-box exercise- Why is embracing diversity proven to deliver better results?
ü  How can you tap into different skillsets and backgrounds and what advantages does this bring with so many external factors changing in fixed income markets?
ü Build. Winning team- How to make sure you have the right skillsets and the best talent at your disposal to be as successful as possible? 

Jennifer Litwin

Senior Vice President, Head of Relationship Management
Greenwich Associates

Marianne Winkelman

VP, Director of Global Bond, EM and FX Trading
Loomis, Sayles & Company

  • Hiring for the future- How are the roles of traders evolving and what skillsets are now an essential part of the trader toolkit?
  • Combining technological know-how, trading and risk management skills- What makes a modern-day trader?
  • How has increased use of algorithms and automation affected trading teams across and how can you prepare for further eTrading growth?
  • What new roles and job titles need to be developed on the buy side to keep up with the pace of change across fixed income?

Brad Bailey

Research Director, Capital Markets


Greg Heller

Director of Global Fixed Income Trading


Joe Castelluccio

Head of Trading
CG Capital Markets


Brad Bailey

Research Director, Capital Markets


Iseult Conlin

VP, Trading and Liquidity Strategies

Track B - Strategy

1:40 pm - 2:00 pm Industry Perspective: Brexit aftermath - Predictions on the likely outcome for global trade and implications for various investment plans
Adam Purzitsky, Co-Head, Global Rates Team,Old Mutual Global Investors Adam Purzitsky, Co-Head, Global Rates Team,Old Mutual Global Investors
  • Debating the knock-on effects of Brexit- is Brexit good or bad for UK markets and investing? 
  • How will monetary policy react to Brexit and what impact will this have on GDP and inflation? 
  • Demand shark vs supply shock- What are the medium to long term implications of Brexit
  • Analysing the impact of policy implications- How do they differ for Brexit and how will UK rates be affected?
  • Parallels and non-parallels between Brexit and disillusion of NAFTA

Adam Purzitsky

Co-Head, Global Rates Team
Old Mutual Global Investors


Adam Purzitsky

Co-Head, Global Rates Team
Old Mutual Global Investors

  • Asset allocation- How should you develop and construct portfolios to maximise returns in the current environment? 
  • Diversifying your portfolio beyond traditional means- What are the biggest macro transitions driving potential risk and opportunities? 
  • What are the nuances that you should analyse and why to build a successful portfolio in todays fixed income markets? 
  • Where do the most lucrative return opportunities and related investment opportunities lie within the fixed income spectrum?

David Saab

Managing Director
JP Morgan Private Bank


Mike Huff

Director of Portfolio Management and Asset Allocation


Leslie Falconio

Senior Fixed Income Strategist, Head of Tactical Fixed Income Allocation
UBS Wealth Management

Michael McEachern

Head of Public Markets
Muzinich & Co


Ritirupa Samanta

Managing Director, Global Head of Systematic Fixed Income & Senior Portfolio Manager
FICC State Street Global Advisors


Leslie Falconio

Senior Fixed Income Strategist, Head of Tactical Fixed Income Allocation
UBS Wealth Management

Track C - Swaps

1:40 pm - 2:00 pm Fireside Chat: The story so far on UMR- What has been the impact on the OTC derivatives space and how will it further influence execution behaviour?
Michael Koegler, Principal,ViableMKTS Angela Patel, Senior Vice President,Putnam Investments Sol Steinberg, Founding Principal,The OTC Partners
  • The evolution of OTC swaps market- How much liquidity will be driven to platforms and how are the buy side execution models progressing? 
  • How is bilateral OTC execution process changing and how can the buy side streamline and automate this?
  • How are the buy side measuring and posting initial margin and efficiently coping with the new requirements and what impact has this had on the products they trade?
  • What products are going to be more prevalent in the new environment and what will move towards an exchange traded model?

Michael Koegler



Angela Patel

Senior Vice President
Putnam Investments


Sol Steinberg

Founding Principal
The OTC Partners

  • With low volatility and high prices for corporate debt would a move back to CDS generate better returns for your investors?
  • Do the current market conditions favour a return to CDS or does this product still represent too much risk? 
  • With the movement of CDS towards a clearing model, is now the opportune time to move back to CDS trading?
  • What are the factors that could prevent moving the buy side back towards CDS products and can they be overcome? 
  • Hedging your credit risk- What new toolsets are the buy side using and where could CDS sit in this process?

Chris Ferreri

Chief Operating Officer
Hartfield, Titus and Donnelly


Neal Rayner

Head of US Fixed Income Trading
Janus Henderson Investors


Jarred Sherman

Managing Director, Fixed Income Portfolio Manager
JP Morgan Asset Management


Steve Shaw

Founder & President

Innovating For The Future

2:40 pm - 3:15 pm Fixed Income FinTech Shark Tank: Get a sneak peak into the latest most innovative FinTech offerings to see how they can help you solve some of your biggest pain points

Join our fixed income sharks during this exciting ‘Shark Tank’ style session, where you will hear from three new and innovative start-up FINTECH firms as they present their offerings in a bid to win first place. Listen up as the ’sharks’ review the technologies’ benefits to your business, predict their future success and deliver their verdicts. The ultimate decision is in your hands though, as the audience get to vote for their favourite. Will you find the next big thing?

3:15 pm - 3:20 pm Chairperson’s Closing Remarks:

3:20 pm - 3:25 pm Conference Close