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Summary
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Agenda
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Speakers
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Venue
The S&P Global Market Intelligence Securities Finance Forum was held on November 9, 2023.
Despite a challenging backdrop for global financial markets, securities lending revenues are on track to record one of their best years ever. We invite you to join us at our in-person event to discuss the key drivers behind this thriving market and the latest trends and technology shaping the industry.
We look forward to sharing our market analysis, featuring predictions and thoughts from leading industry experts. Register now to stay informed of the most recent market developments, to have the opportunity to network with your peers and to compare notes and foster new industry relationships.
- Update on securities finance trends – borrowing activities and securities in high demand
- Discover the key drivers of securities finance revenues
- Understand how external factors and market events may affect the securities finance market
- Gain an understanding of the latest buyside trading strategies and patterns
- Learn how to leverage leading securities finance datasets and indicators to optimize decision making
Securities Finance Forum Content
US equities, the hero of the securities finance markets during 2023
THE EV SECTOR AND THE SECURITIES LENDING MARKET. FASTEN YOUR SEATBELTS.
2023, THE YEAR OF ARTIFICIAL INTELLIGENCE.
Event Support
Mike Wall
Executive Director, Automotive Analysis
Mike Wall serves as the Executive Director of Automotive Analysis for S&P Global Mobility.
Mike Wall serves as the Executive Director of Automotive Analysis for S&P Global Mobility. Mike brings more than two decades of financial analysis, forecasting, consulting and manufacturing experience to S&P Global Mobility, with a primary focus on assisting automakers, suppliers and financial firms in their evaluation and understanding of the auto industry, as well as in-depth analysis of vehicle markets and technology trends. Mike is quoted frequently in the media on a variety of automotive topics, and he regularly delivers presentations on the outlook for the automotive industry to company executives, financial investors and other interest groups, including past work with the United Nations Industrial Development Organization in Vienna, Austria. Mike graduated summa cum laude with an undergraduate degree in finance and later earned the Certified Management Accountant (CMA) designation.
Divyesh Bhakta
FinOptSys, Inc
Founder & CEO
Divyesh Bhakta is Founder & CEO of FinOptSys, Inc. with over 25 years of capital market experience.
Divyesh Bhakta is Founder & CEO of FinOptSys, Inc. with over 25 years of capital market experience.
Divyesh began his career with JPMorgan in London, helping to build out their Delta 1 TRS trading efforts before being recruited by Barclays in 2004 to set up their Delta 1 trading business in New York. Following the financial crisis of 2008, Divyesh anticipated that the market would need financial resource trading and management solutions which included, but not limited to collateral, balance sheet & regulatory optimization. As such Divyesh moved to Sales to build a leading cross-asset Structured Financing & Solutions team to address these issues, whilst working with and covering global institutional clients.
Most recently Divyesh was Co-Head of Cross Asset Financing distribution at Bank of Montreal where his focus was on deepening and broadening their client base, including pension plans, sovereign wealth funds, insurance companies, global asset managers as well as hedge funds.
Divyesh holds a bachelor’s degree in Mathematics from King’s College, London and is also a Chartered Accountant and a Fellow of the Institute of Chartered Accountants England and Wales.
Halima Butt
Provable Markets
Chief Operating Officer
Halima Butt is Chief Operating Officer at Provable Markets - a FINRA broker-dealer member and SEC registered ATS for Securities Financing.
Halima Butt is Chief Operating Officer at Provable Markets - a FINRA broker-dealer member and SEC registered ATS for Securities Financing.
Halima brings with her a wealth of experience in financial markets. She started her career at ABN AMRO Bank in Amsterdam in 2006, where she held a number of positions related to Treasury solutions, Derivatives, and Securities Financing. Following ABN AMRO, Halima became a Vice President of Sales for Equity Derivatives and Cross Asset Solutions at Société Générale in London. Halima joined Provable Markets from Euronext, where she served as Head of Platform Sales in the United States. Prior to this role, Halima Butt co-headed the exchange’s Financial Derivatives business unit in Europe, and led the company’s business development for the secondary Cash and Derivatives markets in the Netherlands.
Trent Fisher
J.P. Morgan
Executive Director, Prime Equity Finance Demand
Trent Fisher is responsible for global financing coverage of Hedge Fund clients across Cash and Swap. Prior to J.P. Morgan Trent worked in various Prime Finance and Treasury roles at UBS, Nomura, and Lehman Brothers. Trent received a BS in Finance from Lehigh University.
Trent Fisher is responsible for global financing coverage of Hedge Fund clients across Cash and Swap. Prior to J.P. Morgan Trent worked in various Prime Finance and Treasury roles at UBS, Nomura, and Lehman Brothers. Trent received a BS in Finance from Lehigh University.
Kip Graham
Schonfeld Strategic Advisors
Global Head of Portfolio Finance
Kip Graham is the Global Head of Portfolio Finance at Schonfeld Strategic Advisors, a global multi-manager platform investing across quantitative, fundamental equity, tactical, and discretionary macro & fixed income trading strategies.
Kip Graham is the Global Head of Portfolio Finance at Schonfeld Strategic Advisors, a global multi-manager platform investing across quantitative, fundamental equity, tactical, and discretionary macro & fixed income trading strategies.
In this capacity Kip oversees Portfolio Finance teams in New York, London, and Hong Kong, and serves as the product owner for the Treasury Technology platform. Prior to joining Schonfeld in 2017, Kip was a Director in Equity Finance Trading at UBS Investment Bank where he managed the hard-to-borrow and risk books within Securities Lending.
He received a B.S. degree in Business and Technology from the University of Connecticut and is a CFA charterholder.
Nick Hay
BlackRock Global Markets
Global Co-Head Securities Lending Trading
Nick Hay is the Global Co-Head Securities Lending Trading within the BlackRock's Global Markets group.
Nick Hay is the Global Co-Head Securities Lending Trading within the BlackRock's Global Markets group.
BlackRock's Securities Lending business actively manages $5trillion+ of lendable inventory across Equites, Rates & Credit. Mr Hay's service with the firm dates back to 2005. Prior to joining the Securities Lending team, Nick was a Portfolio Manager within BlackRock Cash Management Group.
Nick earned a BSc with First Class Honours in Economics from Birmingham University in 2004. He has completed postgraduate studies at the London School of Economics and Harvard University.
Brian D. Murphy
Global Head of Securities Lending
Brian D. Murphy is the Global Head of Securities Lending at Point72 Asset Management L.P., responsible for the Firm’s financing teams based in Connecticut, London, Singapore and Hong Kong.
Brian D. Murphy is the Global Head of Securities Lending at Point72 Asset Management L.P., responsible for the Firm’s financing teams based in Connecticut, London, Singapore and Hong Kong. His team is responsible for maximizing borrow liquidity for the Firm’s equity trading business, while also efficiently managing financing costs across all global markets in which Point72 trades. Brian has 18 years of experience in the Securities Lending industry, working in buy-side roles at Fidelity Capital Markets and Goldman Sachs before joining the Firm in 2011. Brian holds a B.S. in Economics from the United States Naval Academy. Upon graduation, he joined the U.S. Marine Corps where he served as an aviator for nine years. He then transitioned to Finance after obtaining his M.B.A. from the Leonard N. Stern School of Business at New York University.
Vikas Nigam
Deutsche Bank
Director – Head of Americas Agency Securities Lending
Based in New York City, Vikas Nigam is a veteran securities finance professional with more than 20 years of diverse experience including trading, product development, business development and technology.
Based in New York City, Vikas Nigam is a veteran securities finance professional with more than 20 years of diverse experience including trading, product development, business development and technology.
Vikas previously ran the trading and risk function for ASL; working closely with the client performance team to maximize alpha generation within client constructs on both the asset and liability front. Prior to taking on the trading head role in 2018, he ran Fixed Income trading (2016) and previously the International Equity book out of New York.
Vikas joined the ASL team in 2006, after spending 7 years running development teams focusing on equity and equity finance at Lehman Brothers. He received a BSc (Hons) in Business Computing Systems from City University, London.
Taryn Siglain
State Street
Global Head of Prime Services
Taryn Siglain is the Global Head of Prime Services at State Street where she is responsible for developing and driving the execution of the business strategy, delivering highly valued solutions to clients and ensuring comprehensive and consistent delivery of services to evolving financing needs.
Taryn Siglain is the Global Head of Prime Services at State Street where she is responsible for developing and driving the execution of the business strategy, delivering highly valued solutions to clients and ensuring comprehensive and consistent delivery of services to evolving financing needs.
Before joining State Street, Taryn held a variety of roles during her 15-year tenure at Morgan Stanley including Head of Americas Secured Funding and Collateral Trading, Vice President Investor Relations, Global Head Client Financing Strategy, and Vice President Corporate Treasury.
Taryn serves on the Board of Directors for a NYC-based nonprofit, New Alternatives for Children and she holds a BS in Corporate Finance and Accounting from Bentley University.
Michael K Slomienski
Goldman Sachs
Managing Director, Global Banking and Markets
Michael K Slomienski is head of Supply for US Securities Lending in Prime Services.
Michael K Slomienski is head of Supply for US Securities Lending in Prime Services. Previously, he worked in a sales-trading capacity on the US Demand team covering hedge funds in Securities Lending. From 2006 to 2012, Mike worked in both the Tokyo and London offices in various Securities Lending capacities. He joined Goldman Sachs as an analyst in New York in 2004 and was named managing director in 2017.
Mike serves on the Board of Equilend, a financial technology company that specializes in the global securities finance marketplace. He also serves on the Board of the New Jersey Golf Foundation, an organization committed to impacting lives and communities through golf with a focus on three core pillars: youth, military and special needs.
Mike earned a BS in Finance, cum laude, from Boston College in 2004.
Nehal Udeshi
BNY Mellon Markets
Managing Director, Head of Securities Finance
Nehal Udeshi is Head of Securities Finance at Bank of New York Mellon within the Markets Division.
Nehal Udeshi is Head of Securities Finance at Bank of New York Mellon within the Markets Division.
Securities Finance includes Agency Securities Lending program and the Principal related activities including FICC’s Cleared Repo, Secured Loan Portfolio and the prime brokerage proxy Borrow+ which facilitates alternative managers borrowing securities. Nehal has global responsibilities for the agency and principal businesses and provides strategic direction for securities lending functions including trading, cash collateral investment, sales, relationship management and business development.
Prior to joining BNY Mellon in 2023, Nehal spent 17 years at Goldman Sachs in New York and London in a range of roles, including most recently co-heading Global Cross Asset Financing within Global Markets and Banking. In this role she partnered with Fixed Income, Equities, Prime Brokerage and Corporate Treasury to originate innovative solutions for liquidity and capital resource optimization for the firm’s liabilities and distributed these solutions to a breadth of institutional clients. During her tenure at the firm, she also had responsibilities in equity structuring and started her career in foreign exchange trading.
Nehal holds a Bachelor of Arts (BA) in Mathematics from Imperial College London. She serves on the board of trustees for Stevens Cooperative School, New Jersey.
Melissa Gow
Vice President, Securities Finance
Melissa Gow is the head of client relationship activities for the S&P Global Market Intelligence securities finance, ETP and benchmarking businesses, overseeing client services, product specialists, consulting, media, commentary, and events.
Melissa Gow is the head of client relationship activities for the S&P Global Market Intelligence securities finance, ETP and benchmarking businesses, overseeing client services, product specialists, consulting, media, commentary, and events. Melissa joined the former Data Explorers team in 2008 and held various roles in sales and account management. Previous industry experience includes roles at EquiLend as the head of sales and marketing, Goldman Sachs, and Swiss Bank Corporation. Melissa holds an M.B.A from New York University and a B.A. from Georgetown University.
S&P Global Market Intelligence
Jordan Maskowitz
S&P Global Market Intelligence
Product Specialist, Securities Finance
Jordan Maskowitz is a product specialist on the S&P Global Market Intelligence Securities Finance team. In his role, he works with participants across the securities lending ecosystem including Beneficial Owners, Banks, Hedge Funds and Asset Managers.
Jordan Maskowitz is a product specialist on the S&P Global Market Intelligence Securities Finance team. In his role, he works with participants across the securities lending ecosystem including Beneficial Owners, Banks, Hedge Funds and Asset Managers.
Jordan joined the former Markit team in 2014 and has held various roles in customer care and client services. He holds a M.B.A from Monmouth University and a B.S. from University of Delaware.
S&P Global Market Intelligence
Paige Pierce
S&P Global Market Intelligence
Director, Equity Data Analytics
Paige Pierce is a Director on S&P Global Market Intelligence’s Equity Data Analytics sales team.
In her role, she works with data-driven Hedge Funds, Asset Managers, and Banks to provide proprietary Data and Analytics for alpha generation, risk management, research and portfolio management. Paige joined S&P Global from the merger with IHS Markit in 2022 and has been with the firm for 6 years.
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