ISLA Americas 2nd Annual Securities Finance & Collateral Management Conference

Peter Abric is the head of US Securities Lending for RBC Capital Markets, where he joined as a Managing Director in its Central Funding Group in June of 2018. In his role, Peter is responsible for overseeing the day to day Equity Financing operation that supports the various trading units within RBC Capital Markets and RBC Bank in the US. This includes day to day flow, secured funding, balance sheet management, business development and technology enhancements. Prior to joining RBC, Peter spent 2 years with Broadridge Financial, where he was a Vice President in their Global Technology Services group, with a focus on sales and business development for their suite of Securities Finance and Collateral Management technology product offerings. Across his 30+ years of industry experience, Peter has also held senior leadership roles at Wells Fargo, Nomura Securities (Canada), Royal Trust and CIBC World Markets. Peter holds a Bachelor of Commerce (B.Comm) degree from Dalhousie University. 

Larry is Head of Global Product Delivery and is responsible for the development and implementation of products to meet the needs of our clients and counterparts. Larry also oversees our Global Operations team, refining eSecLending’s core operational infrastructure, overseeing the company’s strategic vendors and partnerships, and leveraging technology to ensure an optimized product offering. Larry began his career in financial services in 1991 with a specific focus in securities lending in 1994 before joining eSecLending in 2015. Prior to joining eSecLending, he worked at Barrington Partners, Premier Global Securities Lending, and State Street Corporation. Larry received his Bachelor of Science from Suffolk University and Master of Business Administration from Boston University. 

Justin Aldridge is a senior vice president and head of Agency Lending for Fidelity Capital MarketsSM (FCM). Our institutional clients are supported with investment insights, strategies, and solutions, as well as trading services available to a wide range of wealth management firms and institutional investors. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

In this role, Mr. Aldridge is responsible for the development and ongoing management and commercialization of the business line. Fidelity Agency Lending® was launched in 2019 to take its affiliated lending program and make it available to other asset managers, insurance companies, pension plans, and other institutions so they can leverage Fidelity’s market positioning and financing expertise.

Prior to assuming his current position, Mr. Aldridge served as the head of supply for the Global Securities Finance trading group within Fidelity’s Prime Brokerage unit. His responsibilities included creating the supply-side trading desk and managing the pricing and trading strategy for clients’ long and short activity. Mr. Aldridge was also responsible for a high-touch client service model, servicing some of the firm’s most sophisticated prime brokerage clients. He was instrumental in the development and distribution of PB OptimizeSM, a cloud-based global securities finance and treasury optimization platform for asset managers.

Prior to joining Fidelity in 2005, Mr. Aldridge worked in the Securities Finance division of State Street in its Operations and U.S. equity trading groups. He has been in the financial industry since 2001.

Mr. Aldridge earned his Bachelor of Science degree in finance from Central Connecticut State University. He also holds the Financial Industry Regulatory Authority (FINRA) Series 7, 24, and 63 licenses and is the Vice Chair of the International Securities Lending Association (ISLA) America’s board and a Director on ISLA EMEA’s board.

Vincent Ameduri is an Executive Director in Prime Trading – Synthetic Financing at J.P. Morgan, based in New York. Vincent joined the firm in 2013 and previously was a trader on the US SBL Supply trading desk. Vincent holds a Bachelor of Business Administration from the Zicklin School of Business at Baruch College. He also holds the Financial Industry Regulatory Authority (FINRA) Series 7, 57, and 63 licenses. 

Amar is head of the Goldman Sachs Digital Assets Team in the US driving efforts on the application of blockchain and distributed ledger technology to traditional financial activity such the issuance of digitally native securities and the financing of tokenised assets. In addition to this Amar leads the firm’s efforts on digital currencies across the spectrum of Central Bank Digital Currencies (CBDCs) to stablecoins and tokenised deposits.

Before taking on his current role Amar was primarily focused on funding and liquidity management during roles within the Cross Asset Financing and Treasury teams at Goldman Sachs alongside the launch of Goldman’s retail deposit business in the UK – Marcus. Prior to joining Goldman Sachs he started his career in Transaction Banking at Bank of America Merrill Lynch.

Yoshi Aoyama, Managing Director, is the global head of Trading for BlackRock’s Securities Lending business within the BlackRock Global Markets group. Mr. Aoyama’s service with the firm dates back to 2003, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI he was a securities lending trader responsible for lending Asian securities. Prior to joining BGI, Mr. Aoyama worked for Morgan Stanley Japan Ltd. 

Brock Bell is Director of Portfolio Solutions and Treasury at Virginia Retirement System, a pension fund managing over $120 billion of total investments across public equities, fixed income, private credit, real assets, private equity, and various multi-asset diversifying strategies. Brock is an investment professional and portfolio manager focused on building out the Treasury function and leverage strategies. Brock was previously Head of Treasury at Hidden Road, a multi-asset prime broker, and Senior Vice President of Treasury and Portfolio Finance at Capstone Investment Advisors, a multi-strategy hedge fund. Brock managed the firm’s financing, margin, cash & collateral, liquidity, FX hedging, and counterparty relationships, along with a delta-one relative value trading strategy. Previously, he worked for Morgan Stanley, Barclays, and J.P. Morgan in securities finance sales & trading for over 9 years in both New York City and London. Brock is currently on the Advisory Board of the Concussion Legacy Foundation, a non-profit dedicated to the study, treatment, and prevention of CTE, a degenerative brain disease.  Mr. Bell received a Bachelor’s Degree in 2006 from Princeton University, where he also played varsity football for 4 years. 

Chris Benish, CFA, is a Senior Portfolio Manager in the Asset and Risk Allocation group at the State of Wisconsin Investment Board (SWIB), where he has worked for 18 years. He oversees synthetic replication, passive allocations and leverage implementation for the $140B state pension fund. He also focuses on issues related to securities finance, collateral optimization and liquidity management. Chris has served as a founding Board member of the Global Peer Financing Association (GPFA) since 2020.  

Yuri Brightly is senior vice president, head of Securities Finance Platform for Fidelity Capital Markets (FCM). We offer investment insights, strategies, and solutions, as well as trading services to a wide range of wealth management firms and institutional investors. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

In this role, Mr. Brightly is responsible for the overall securities finance product development and ongoing management of the platform.

Mr. Brightly’s 20+ years of securities finance experience spans across both the Agency Lending and Prime Brokerage space, including his years with Fidelity. In 2018 Mr. Brightly was tasked with overseeing the product development for Fidelity Agency Lending®.

Prior to joining Fidelity, Mr. Brightly held various securities finance roles on the agency lending side of the business at State Street and PNC Bank. At PNC he held the role of head of securities lending product development.

Mr. Brightly earned a bachelor of arts degree in economics and philosophy from the University of Massachusetts Amherst. He also holds the Financial Industry Regulatory Authority (FINRA) Series SIE, 7, 24, and 63.

Matt manages the Financing department for NBIM. His team is responsible for cash management and securities lending on the combined equity and fixed income portfolio. Prior to joining NBIM in 2002 on the Equity Trading desk, he worked at BlackRock and Morgan Stanley.

Abhinav Chandra is Managing Director and Head of US Non-Liquid Secured Funding at Barclays. He leads a team responsible for hedge fund pricing and for optimizing financial resources—including balance sheet, risk-weighted assets, and liquidity ratios—to drive improved business returns. His coverage spans Prime Finance, Delta One, and Equities. Abhinav joined Barclays in 2010, following prior experience at Credit Suisse. He holds an M.S. from SUNY Stony Brook and an M.B.A. from NYU. 

Matt Collins is a Managing Director & Co-Head of Securities Lending & Delta One Structured Products (DSP) Trading for the Americas at Morgan Stanley, based in New York. Matt joined the firm in 2010 and spent 8 years in London, mostly serving as the Head of Securities Lending for EMEA. Matt started his career in corporate finance at Dresdner Kleinwort Wasserstein before moving to Société Générale’s equity finance trading team in 2004. Matt has served on the Bank of England’s Securities Lending Committee and as a non-executive director for The International Securities Lending Association (ISLA) and Morgan Stanley’s strategic equity investments. Matt holds a Bachelor’s degree in Economics & Economic History from The University of York. 

Alessandro Cozzani is a Managing Director and Head of Asset Optimization Group (AOG) for EMEA and APAC at Bank of America. He is globally responsible for collateral trading and funding for the Equity Division.

Alessandro leads the team responsible for funding the Equity Division as well as managing its balance sheet, capital and liquidity usage across legal entities. AOG focus on regulatory changes and requirements for the individual Lines of Business (LoB), acting as the central point of contact with Treasury and CFO Risk. Alessandro also works with Finance to implement asset and RWA targets and limits for the Equity Division. Alessandro manages and trades all these functions as a central hub, providing pricing to each LoB for their financing requirements and optimizing the Division’s inventory.

Prior to joining Bank of America in 2013, Alessandro spent 3 years at Citigroup where he headed the Americas Equity Funding Desk. Before that, Alessandro was with Morgan Stanley where he began his career working in the Equity Finance Desk.

Alessandro holds a MEng from Imperial College London. He is Deputy Chair of the International Securities Lending Association (ISLA). He is also a member of the Bank of England’s UK Money Markets Code Sub-Committee.

Brett Davis, CFA, Director, is Head of the North American Repo Trading Team within Blackrock Global Markets. Ms. Davis is responsible for the USD, CAD, MXN financing needs for Blackrock Funds, which includes Hedge Funds, Mutual Funds and Separately Managed Accounts. Previously, Brett was a member of BlackRock’s Cash Management Group. She was a Portfolio Manager responsible for managing active short-term fixed income portfolios for corporate, financial and insurance clients. She was also responsible for managing the active Ultra Short Bond Mutual Fund and ETF. 

Kathleen Duggan is the Head of Sourcing and Resource Optimization for Securities Lending at Morgan Stanley.  She is primarily responsible for Institutional Client Relationship Management and the optimization of the Securities Lending sourcing book.  Kathleen works in close collaboration with financing businesses across the firm to provide clients with holistic coverage. 

Kathleen has been with Morgan Stanley for twenty years, beginning her career in North American Operations.  In 2009, she transferred to the International Securities Lending trading desk where she was primarily responsible for Trading and Hedge Fund coverage for Asia and Europe.  After four years, she transitioned to North American trading, fulfilling a variety of different roles.  In her current position, Kathleen focuses on finding efficient trading solutions through new product development and the execution of transactions optimized for financial resources.  

As an active participant in the Securities Lending community, Kathleen is honored to serve as Co-Chair of this year’s conference and looks forward to shaping meaningful discussions that will help advance our industry. 

Andy joined ISLA in 2013 and took over as Chief Executive in mid-2016. As well as leading our advocacy efforts with policymakers and regulators, he is also responsible for defining the aims and objectives of the Association and ensuring that we meet the needs and requirements of our member firms across Europe, Middle East & Africa. He regularly participates in panel discussions at conferences and events, representing the interests of the industry and advocating the importance of securities lending to the efficient functioning of the broader capital markets.

Prior to joining ISLA, he held senior product and account management roles across the securities finance industry including Deutsche Bank, HSBC, Prudential M&G and IHS Markit (formerly Data Explorers).

Before joining the world of capital markets, Andy worked in commercial and corporate finance banking including aerospace finance.

Brendan joined State Street in January 2025 as Global Head of Prime Services, where he is responsible for leading all aspects of the strategic direction, execution and deployment of financial resources. Prior to that, Brendan had been a member of the Scotiabank Prime Services since 2004, most recently working as Managing Director, Global Head of Securities Lending. He held several senior positions their and was instrumental in launching the US Prime Services and Delta One Platform. Brendan began his career at RBC Investor Services in Securities Lending from 2002 to 2004.  

He holds an Honours Bachelor of Science, Science & Business (Chemistry Option) from the University of Waterloo and is a CFA Charter holder. 

Spanning almost 25-years on the sell-side, in the public sector, and on the buy-side, John brings passion and detailed expertise to various facets of the financial system plumbing.  John’s role varied from back-to-front offices in money market trading and sales at primary dealers, trader/subject matter expert analyst work at the Federal Reserve Bank of New York during and after the Great Financial Crisis, to senior hedge fund financing and treasury positions at large hedge funds over the past 12-years. 

In his current role at Garda, John leads the Team that funds the Firm’s US Treasury, Canadian Government, agency MBS, and USD-denominated credit and EM portfolios.   

His focus is ensuring resolute term financing of the 21-year old Firm’s balance sheet, providing thought leadership to the Investment Team and senior management on emerging themes in secured funding and financial system infrastructure, and helping nurture the Firm’s culture so that Garda’s core values fuel performance.  

John resides in Northern New Jersey with his wife, three sons, and dog. When not emersed in spreadsheets, and/or reading the latest clearing mandate proposals, he enjoys playing hockey, golf, and guitar. 

Bogdan Fleschiu is the Global Head of Equities FRM at J.P. Morgan and is on the Markets FRM management team.  He leads the cross-asset optimization of balance sheet, capital, liquidity and funding activities across Global Equities, Prime Finance and Global Clearing.  Bogdan also advises JPM’s clients and counterparties on the regulatory environment’s impact on financing, counterparty management and balance sheet optimization.  He has co-authored white papers on the design and implementation of the strategic hedge fund treasury function.  Prior to that, Bogdan was a member of the Senior Client Coverage team, served as the COO / Client Strategist for the Prime Brokerage Sales team, and helped build the equity financing platform.  Bogdan holds JD & MBA degrees from Vanderbilt University, as well as BA degrees from the University of Richmond. 

Brad Fryer is responsible for leading the Americas region for J.P. Morgan’s Agency Securities Finance team.  Brad started his career with JPM’s ASF business and has had roles within the Operations, Product and Trading teams.  Brad has also worked at Morgan Stanley, leading the Firm Funding Sales team, prior to rejoining JPM in 2024 to take on his current role.  Brad is a graduate of Penn State University. 

Chris is the Americas Head of Trading Services Operations at JPMorgan Chase Bank N.A. where he oversees all western hemisphere operational support for Securities Finance, Tri-Party, Margin Services, Depositary Receipts, Benefit Payment Services and 401K.  Chris chairs the ISLA Americas Operations and Technology Committee and is a proactive participant in SIFMA.  In addition to his industry engagement, he participates in a vast array of working groups which focuses primarily on market change, regulatory / legal landscape, emerging technology, interoperability, corporate actions and the impacts on securities finance and collateral services.  Prior to joining JPMorgan, he spent his career developing a thorough understanding of global markets which includes reference data, pricing, purchase and sales, corporate actions, stock borrow loan, class actions, proxy and client service. He holds a Bachelor of Business Administration in Finance degree from James Madison University 

Josh Galper is the lead for Finadium’s research and consulting practice, a role that he has held since 2005. His expertise is in the funding, financing and infrastructure markets. Josh has conducted numerous consulting assignments for banks, asset holders, CCPs and technology companies, and is the author of over 80 industry reports as part of the Finadium research subscription. He holds an MBA in Financial Engineering from the MIT Sloan School of Management.

Fran joined ISLA Americas in 2024 as Chief Executive and Head of Business, leading advocacy efforts with policymakers and regulators while collaborating with the board and ISLA EMEA on the Association’s objectives to ensure the needs and requirements of member firms across the Americas are met.

Prior to joining ISLA Americas, Fran spent 22 years at the Risk Management Association (RMA), with the last 16 focused on Capital Markets Risk and Securities Lending. His role encompassed securities lending, regulatory outreach, and various risk management functions, including funding, traded market risk, liquidity, counterparty risk, collateral management, model risk, and country risk.

Fran completed the University of Pennsylvania’s RMA/Wharton Advanced Risk Management Program as well as receiving his Master of Business Administration in Finance in addition to International Business from Philadelphia University, and has a Bachelor of Science in Economics from The Pennsylvania State University.

Ben is currently the Chief Risk Officer of Daiwa Capital Markets America (DCMA). He is also the head of the Compliance division and the Legal division at Daiwa Capital Markets America. The Chief Risk Officer responsibilities include managing the firm’s overall enterprise-wide risk framework: risk strategy, risk identification, market risk, operational risk, credit risk, liquidity risk, rates risk, etc. Additionally, the Chief Risk Officer role includes various second line committee chairs including the Risk Management Committee and the New Product Committee as well as monthly reporting to the Board of Directors. Ben is a member of the Executive Committee and he has been at DCMA for the last 5 years. 

Prior to joining Daiwa, Ben was the Deputy Chief Risk Officer at MUFG Securities Americas, Inc. as well as the Deputy Head of Market Risk, Liquidity Risk, Interest Rate Risk and Counterparty Credit Risk Management for the Americas at MUFG. Prior to MUFG, Mr. Genek was Head of Market Risk Management for the Americas at Natixis for 6 years (including 4 years as the Chief Risk Officer of the Natixis Bleichroeder broker dealer). Prior to Natixis, he worked at Deutsche Bank in the Risk Management Division. Previous to Deutsche Bank, Mr. Genek worked in the Equity Controlling division at Nomura Securities in New York, and prior to Nomura, he worked at Merrill Lynch in their Asset Management Division.   

Mr. Genek graduated from the Rutgers University Business School (New Brunswick, NJ) with a BS in accounting. He joined Merrill Lynch immediately after graduation. 

Joseph Gillingwater is a Senior Vice President and Global Head of Fixed Income Securities Finance Trading at Northern Trust Capital Markets.  

Based in London, he joined Northern Trust in 2016, and is responsible for the global trading strategy, regulatory capital optimization, and distribution of bonds within the Agency Lending programme. Additionally, Joseph has responsibility for the management of repurchase agreement (repo) trading, including Northern Trust’s FICC sponsored repo capabilities.  

Previously, Joseph was a Senior Portfolio Manager at State Street Global Advisors where he was responsible for the management of securities lending investments and short-term fixed income portfolios.  

Rebecca Goldenberg is the Head of Americas Product for Agency Securities Finance at J.P. Morgan, where she leads strategic initiatives across the region and plays a key role in shaping the firm’s securities finance product offering. In this capacity, she oversees the development and execution of client-focused solutions, ensures alignment with global regulatory and market developments, and drives connectivity across Securities Services and the broader firm. 

With deep expertise spanning trading, sales, operations, technology, and client management, Rebecca is a leader within the business and a trusted advisor to clients navigating the evolving landscape of agency lending. She is an active contributor to industry dialogue and regulatory advocacy, serving on key working groups including the ISLA Americas Legal, Tax, and Regulatory Committee, the 10c-1 Working Group, and the U.S. Treasury Clearing Working Group. 

Prior to her current role, Rebecca held product development roles at J.P. Morgan Asset Management, where she supported institutional and retail product strategies across ETFs and equity solutions. She began her career at BlackRock, spending nearly a decade in both the Retail Product and Legal & Compliance divisions. 

Rebecca holds a Bachelor of Arts from Wellesley College. 

Robert joined HOOPP in 2000 and is the Senior Managing Director, Collateral & Balance Sheet Management. His focus is on the optimization of large portfolios of collateral for both equities and fixed income assets and he has been a driving force in helping HOOPP become a global leader in both collateral and liquidity management. 

In addition to his core responsibilities, Robert inspired the development of HOOPP’s in-house collateral management software (FLASH), which integrates fixed income, equities, derivatives, securities lending and borrowing, repo and FX Trading into one cohesive platform. 

Robert is also the founder of the Global Peer Financing Association and currently serves as Chair of its Board of the Directors. Prior to joining HOOPP, he worked in a number of financial industry roles at HSBC, TD Securities, Bankers Trust and Deutsche Bank. 

Robert has a bachelor’s degree of Commerce, Accounting and Finance from Ryerson University in Toronto, Canada and is a Certified Public Accountant. He is also a member of the Canadian Fixed Income Forum. 

Chris Grier is a Director and the Head of the US ETF book within Equity Finance at Barclays. He leads a team responsible for providing ETF borrow liquidity to franchise clients, as well as managing positioning, pricing, and risk for the ETF book. His role involves daily engagement with institutional lenders and intersects with several other divisions across the firm, including Delta One, Equities Trading, and the Fixed Income ETF desks.  Chris joined Barclays in 2017, following prior experiences in Municipal Trading and Equity Finance at Goldman Sachs and experience as a CPA at PricewaterhouseCoopers. Chris holds a B.S. degree in Accounting from Villanova University and a MAcc (Master’s in Accounting) from the University of Southern California.

Brandon M. Hammer is a partner at Cleary Gottlieb. His practice focuses on a broad range of financial regulatory, market infrastructure, bankruptcy, and creditors’ rights issues. He has assisted buy- and sell-side clients, as well as market utilities, on complex and novel issues arising from a changing technological landscape. Brandon’s clients include U.S. and non-U.S. financial institutions, clearinghouses, sovereigns, market disruptors and end users. He is frequently counsel to leading financial market trade associations and ad hoc coalitions on major industry initiatives and industry-standard opinions. 

Sue Hill is head of the Government Liquidity Group and is responsible for portfolio management and research of government liquidity portfolios. She has 35 years of investment experience. Before joining Federated Hermes’ investment research department in 1990, Sue worked as a research assistant at the US Treasury Department.

She is the current leader of the Federated Hermes Women in Investing employee resource group and a current board and fi nance committee member of the CCAC Educational Foundation.

Sue earned her bachelor’s degree from University of Virginia and master’s degree from Carnegie Mellon University. She is a CFA® charter holder and a current member and former president of the CFA® Society of Pittsburgh.

Glenn Horner is a managing director, Chief Regulatory Officer for State Street’s Global Markets and Head of A/L Management for Securities Finance. Mr. Horner works with senior management to efficiently implement regulatory requirements within the division. He works in close coordination with the Bank’s Regulatory, Industry, and Government Affairs unit as well as external industry groups to provide feedback and commentary on regulatory proposals. He also oversees the implementation of the asset and liability strategies for the Securities Finance Agency Program.

Mr. Horner holds a Bachelor of Science degree and a Master of Business Administration degree from Babson College. He also earned the Chartered Financial Analyst (CFA) designation, the Global Association of Risk Professionals’ Financial Risk Management (FRM) certification and the Professional Risk Managers’ International Association’s Certified Risk Manager designation. He is a member of the Association for Investment Management and Research, the Global Association of Risk Professionals, the Boston Security Analysts Society and the Professional Risk Managers’ International Association.

Chris manages the US Repo and STIR Trading business at Goldman Sachs. He joined the firm in 2019 as a Vice President and was named Managing Director in 2021. Prior to joining GS, Chris was a director at Royal Bank of Canada, where he managed funding, liquidity, interest rate and basis risk. He is a board member of the Money Marketeers and a CFA charterholder.

After an entry level role at Bankers Trust for several years after college (Roanoke College), he has spent the last twenty-eight years at Interactive Brokers. For the first twenty of those years, that also included a leadership role in IBKRs Treasury group. But throughout his tenure at IBKR, he has led the North American securities lending group; this of course includes not only traditional management responsibilities of the business, but he is also heavily involved in the planning, prioritizing and specification writing associated with technological and system initiatives. 

Jonathan Lacey is a Senior Vice President and Global Head of Equity Securities Finance Trading at Northern Trust, based in London. 

Jon is currently responsible for managing all Global Equity trading activity and has managerial oversight for Northern Trust’s Securities Finance trading teams in Australia, Hong Kong, London, Toronto and Chicago. Jon has +20 years of experience in the securities industry at Northern Trust.  

Jon joined Northern Trust’s Securities Finance business initially in a risk role, running their Securities Lending Middle Office group. Jon joined the trading desk in 2005 and assumed global responsibility in 2022. Jon earned a BSc Hons in Economics from Loughborough University. 

Pablo is the Head of NAM Supply for Securities Lending Prime Services. Previous to this role, he worked in a sales-trading capacity within Delta One Sales and EMEA Demand Sales covering hedge funds in London. 

Pablo recently celebrated his 18th year at Citigroup.  

Brian Losier serves as vice president of the Securities Finance Group within Fidelity Capital Markets® (FCM). FCM provides innovative trading and technology solutions, and execution services across multiple asset classes for institutional investors. Our offering includes a suite of electronic brokerage products for equities, options, prime brokerage, securities lending, fixed income, municipal- and bank-issued brokered CD underwriting, and Forex. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

In this role, Brian manages Fidelity’s Fully Paid Lending Program and principal lending businesses. Brian helped launch Fidelity’s Fully Paid Lending Program over 15 years ago. He has led the program since its inception as a proof of concept to a mature product that services thousands of customers across Fidelity’s business units, including retail, RIA, Family Office, Correspondent Clearing, and Prime Brokerage clients. During this time Brian has led considerable product growth, automation, and digitization. Brian has over 20 years of experience in the securities finance industry.

Prior to joining the Securities Finance Team, Brian completed a two-year rotational program within FCM, including roles in electronic trading, equity operations, and implementation.

Brian earned a bachelor of arts degree from Bowdoin College with a double major in history and government and legal studies. He also holds Series 6, 7, 24 and 63 FINRA Securities licenses.

Gregory Lyons is a corporate partner and Co-Chair of the firm’s Financial Institutions Group. His practice focuses on serving the needs of financial institutions, as well as private equity and other entities that invest in financial institutions, with a particular emphasis on domestic and cross-border bank regulatory, transactional and examination matters.

His practice includes U.S. and foreign bank regulatory, formation, merger, conversion, structuring securities and securities finance work, risk capital and trust matters and corporate and securities law matters. He also devotes significant time to Fintech, structuring transactions and arrangements to enable banks and Fintech players to achieve their objectives. Mr. Lyons received his B.A. from Wesleyan University in 1987. He received his J.D. magna cum laude from Boston University School of Law in 1990.

David Mak is an Executive Director and head of securities finance within the capital markets group at Wealthsimple. A financial professional with nearly a quarter century of industry experience, he has held leading roles in the fixed income, securities finance, structured products, FX, and investment management teams at various broker-dealers in Canada. David earned a Bachelor of Commerce (Finance) degree from the University of Toronto, is a CFA Charterholder, and a Fellow of the Canadian Securities Institute. He is also on the Board Of Directors at the University of Toronto SMF, providing mentorship and regularly contributing to the growing integration of academia with finance. 

Mike has worked in various roles within the Financing business at Barclays for 19 years.  He is currently responsible for the US Rates Financing business. 

Bill is the Global Head of Securities Financing Trading. This includes trading desk oversight for domestic equity, international equity, corporate fixed income and government fixed income trading, as well as cash investment services. Prior to this role, Bill oversaw Strategic Trading in North America, as well as the international equity lending desk in New York. Bill joined Citi as an analyst in Global Transaction Services in 2004 and rotated through the firm’s Treasury and Trade Solutions, Markets and Securities Services divisions.

Bill graduated from Cornell University with a B.S. in industrial and labor relations, and concentration in economics.

Mike is a member of the Regulatory Strategy, Industry Affairs, and Tax team for BNY’s Securities Finance business. He also serves in a product advisory role. Prior to BNY, Mike was a Senior Managing Director and the Chief Product Officer for securities finance at State Street Bank and Trust Company. In this role Mike was responsible for the global expansion of the agency and principal securities finance businesses through new product development, merger and acquisition, and product innovation. Prior to holding this position, he was the Senior Managing Counsel responsible for all legal matters with respect to the securities finance business of State Street. Prior to State Street, he held positions as a Senior Managing Counsel for the master trust and global custody business of Boston Safe Deposit and Trust Company and as an ERISA attorney for the Boston law firm of Gaston & Snow. Mike is a former Chairman of the Securities Lending Committee of the Risk Management Association and a former member of the Board of Directors of the Risk Management Association. He is a current member of the Board of Directors of ISLA Americas. Mike holds a BA in economics from Boston College and a Juris Doctorate from Suffolk University Law School. 

Patrick Morrissey is currently the Director of Product and Strategy for Securities Lending where he has both management responsibilities as well as responsibilities for developing the growth of the global lending program. 

Prior to this, Patrick was the Head of Trading for the Vanguard Securities Lending program. As Head of Trading, Mr. Morrissey has both management responsibilities as well as responsibilities for global trading strategies within securities lending. 

Mr. Morrissey joined The Vanguard Group in 2005 as a Securities Lending Trader. Prior to joining The Vanguard Group, Mr. Morrissey served as an ADR analyst and equity finance trader at The Bank of New York in the American Depositary Receipt division.   

Mr. Morrissey received a bachelor’s degree in finance from Saint Joseph’s University in 2001 and a Master’s Degree in Financial Engineering from Temple University in 2011.  

Luis is a Senior Vice President at Citi and currently manages the lending of international securities in North America for the Securities Finance business.  Prior to this role he was a member of the Equities trading team beginning in 2022.   From 2015 to 2022 Luis worked as Product Manager for the Securities Finance business.  

Mr.  Nath joined Citi in 2013 after receiving his MBA from University of Miami.  Luis also holds a bachelor’s degree in international business with a concentration in Finance from Bryant University.  

Lauren Northrop is head of Stock Loan Product at Bank of America, responsible for the strategic direction of the global platform. Her team develops innovative solutions that balance market dynamics, regulatory requirements and profitability for the Prime Financing business. She is responsible for the daily operations of the platform, ensuring seamless coordination across business, technology and control partners. 

Lauren has been with Bank of America Merrill Lynch for 19 years, holding roles across Client Service, Operations, Product Development and Trading. She began her career in Merrill Lynch’s retail division in 2006 before moving into Global Markets. 

Lauren earned a bachelor’s degree in science from Rider University and holds FINRA series SIE, 7, 24 and 63. 

Mr. Ometo is the head of B3 USA’s office in Chicago, where he oversees international business development and client relations across the Americas. With over 20 years of experience in the Brazilian financial market, he joined B3 Brazil in 2014 and, prior to that, held positions at HSBC and Citi in Brazil. 

Andrea O’Toole is Managing Director and Deputy Chief Counsel at Charles Schwab & Co., Inc. where she is responsible for coverage of capital markets transactions for the Treasury and CFO functions.  Throughout her career, Ms. O’Toole has actively participated in ISDA working groups supporting many key derivatives initiatives.  In addition to her involvement with ISDA, Ms. O’Toole was the Vice Chair of the SIFMA Prime Brokerage and Securities Lending Committee for over five years. 

Over the course of her career, Ms. O’Toole has been responsible for coverage of derivatives across asset classes, structured products, prime brokerage, and other capital markets products as in-house counsel at various financial institutions.  Prior to joining Charles Schwab & Co., Inc., Ms. O’Toole spent a decade at a large US bank where she was Managing Counsel and Head of Equities Legal, leading the legal team responsible for supporting the lines of business in the Equities division. Ms. O’Toole holds a BBA in Banking and Finance from Hofstra University and a JD from The George Washington University Law School.  She is licensed to practice law in New York, Connecticut, and the District of Columbia. 

George Rennick is the Global Head of Tri-Party and the Head of Trading Services, Americas at J.P. Morgan. With over 30 years of experience in the Financial Services industry, George has demonstrated leadership and expertise across diverse lines of business. In his current role, he oversees the strategic direction and operations of the Tri-Party business, ensuring excellence in service delivery and client satisfaction. 

Before assuming his current position, George was responsible for J.P. Morgan’s Agency Securities Finance business in the Americas and the Relationship Management team globally. His career includes roles at Nomura, Barclays, Lehman Brothers, Neuberger Berman, Goldman Sachs, and Prudential Securities. George held leadership positions in prime finance, responsible for sales, trading, client service, and product development. 

George’s experience extends to asset management compliance, trading system design and implementation and client service and project leadership in private wealth. He began his career in operations. 

George currently sits on the ISLA Americas board of directors. He is a former board member of EquiLend Holdings LLC and the Risk Management Association “RMA” Securities Lending Council 

George holds a Bachelor of Science from The State University of New York at Plattsburgh and a Master of Business Administration from New York University’s Leonard N. Stern School of Business 

Jeff L. Robins is a corporate partner and a member of the Banking Group. His practice focuses on representing broker-dealers, swap dealers, banks, securities exchanges, industry associations and buy-side institutions in regulatory and transactional matters. 

Ciro Rodrigues is Executive Director at Morgan Stanley, leading the Latin America Securities Lending and Collateral Management business. With over two decades of experience in securities lending, equity financing, and client relationship management, he specializes in optimizing financing revenues, implementing innovative risk-mitigation strategies, and leveraging technology for efficiency and scalability. Ciro combines deep market expertise with a client-focused approach. He holds a postgraduate Certificate in Financial Management and a degree in Foreign Trade. 

Mary Jane is Managing Director, Equity Finance in the Global Equity Products group at BMO Capital Markets. In this position she supports BMO’s Prime Brokerage platform covering Hedge Funds, Pension Plans and the broker dealer community while collaborating internally to improve the product offering. Mary Jane joined BMO in 2019 after 15 years at RBC Investor & Treasury services in Canada, holding the position of Head and Director of Securities Finance.  

Pranay Sharma, Director, is Head of Innovation, Data & Analytics for Liquidity and Financing within BlackRock Global Markets & Index Investments. 

In this role, Mr. Sharma is responsible for advancing the next generation of data-driven investments and clients decision-making, expanding collaboration on key data & analytics adjacencies across the firm, and driving innovation such as AI and citizen development at scale across Securities Lending, Securities Financing and Cash Management. Since 2025, Mr. Sharma has also served as a member of the ISLA Americas FinTech & Innovation Committee (FIC). 

Prior to this, Mr. Sharma was a member of BlackRock’s Portfolio Analytics Group where he developed and delivered BlackRock’s analytical capabilities and financial models to investment and client businesses, specifically through work with Fundamental Fixed Income investment teams as well as the Americas and European Institutional Client Businesses. 

Mr. Sharma joined BlackRock in 2014 as part of BlackRock’s Graduate Program in New York. He earned a BSc degree with University Honors in Mechanical Engineering with an additional major in Economics from Carnegie Mellon University.  

Michael 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 previously served on the Board of EquiLend, a financial technology company that specializes in the global securities finance marketplace. He currently serves as Treasurer 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. 

Craig Starble is the Chief Executive Officer at eSecLending where he leads the development and implementation of eSecLending’s overall strategy. Craig began his career in financial services in 1984. He joined eSecLending in 2013, partnering with Parthenon Capital Partners to acquire the firm. Prior to eSecLending, Craig was the Executive Vice President and Head of State Street Bank’s global securities lending division from 2004 to 2009, successfully expanding the global business and more than doubling its annual revenue in his 5 years. He was the Co-Founder and CFO for Shoebuy.com from 1999-2004, an e-commerce company which was successfully sold to IAC/InterActiveCorp in 2005 and was Managing Director for the Treasury Funding Group at BankBoston Corporation. Craig received a Bachelor of Arts in Economics and Government from Connecticut College.  

Katie Stiner co-leads the ETF Issuer Services team within Institutional Equites at Citadel Securities. Katie advises ETF issuers on how product design and management decisions determine liquidity in ETFs, coordinating with investment teams to drive innovation.   

Katie also supports clients on execution strategy and instrument selection for both strategic asset allocation and tactical portfolio management.  She works with asset managers who use Citadel Securities as a liquidity provider for executing ETF block trades and programs.  

Prior to joining Citadel Securities in 2019, Katie spent nine years on the synthetic equity sales desk at Deutsche Bank, focused on index and custom basket swaps.  Katie received a bachelor’s degree from Duke University. 

Paul Tagliareni is a Managing Director, part of the Financial Resources & Strategy Team, and the Head of ISG Resource Management at Morgan Stanley.  In his current role, Paul oversees the balance sheet, funding and capital optimization for the Institutional Securities Group [ISG], which includes the Fixed Income and Equity Divisions.  Prior to his current role, Paul was the Americas COO for the Client Financing, Securities Lending and XVA Businesses.   

Prior to joining Morgan Stanley, Paul worked in finance as a repo and government trading controller at various financial institutions. 

Paul received his B.S. at The Pennsylvania State University and his MBA from The Leonard N. Stern School of Business at New York University. 

John is Managing Director and was named Global Head of Securities Finance Client Coverage for BNY Markets in January 2022.  John joined BNY in 2000 and, prior to assuming his current responsibilities, held a number of business development positions within BNY’s Markets, Global Collateral Services, Broker/ Dealer Services, Global Client Management and Securities Industry Banking divisions. 

Nehal is Head of Securities Finance at Bank of New York within the Markets Division.  Securities Finance includes Agency Securities Lending program, Prime Services 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, product and business development. 

Prior to joining BNY 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. Nehal chairs the board of trustees for Stevens Cooperative School, New Jersey.  

Scott Utain began his career at Vanguard 26 years ago and has served clients across a wide range of roles. In his current position, Scott leads Vanguard’s client-facing Fully Paid Lending (FPL) product and oversees the traditional securities lending business within the Retail Broker-Dealer, which supports margin debt financing. 

Scott brings deep experience to this space, having previously led Vanguard’s Securities Lending program for the company’s 40 Act mutual funds during the financial crisis. His career also includes leadership roles in internal sales within the Financial Advisory Services division, oversight of client service and sales support for Vanguard’s International Latin America business, and managing relationship teams serving Ultra High Net Worth clients. 

Outside of work, Scott enjoys traveling for his son’s soccer matches and cheering on Penn State football while visiting his daughter.

Enrique Verdu is a Managing Director and has been with Banco Santander S.A. in Madrid since 2007, facilitating the development of the Securities Finance Desk for Santander CIB in Europe, Americas and  Asia, with special focus on client interaction amongst the different geographies while building centralized hub capabilities for fixed income and equities, bilateral and triparty, for repo, securities lending and TRS financing, both for clients coverage and internal balance sheet, capital, collateral and liquidity management. As part of Santander CIB digital strategy, Enrique is currently focusing on promoting / implementing digital finance as part of Santander´s Securities Finance infrastructure. Before that Enrique spent nine years in London, working for HSBC, Banco Santander London branch, Lehman Brothers and Abbey National. Enrique holds a MBA (Global Executive MBA) by Instituto de Empresa (IE), member of IE´s Dean´s List. 

William manages Equity Finance for the Americas for CITI,  which encompasses Securities Lending Sales and Trading, and Delta 1 Sales Trading.  He has been in the industry for 36 years, and has recently passed his 26 year anniversary at CITI.  

Since October 2022, Lance has been working in the Investment Treasury Group at CalPERS, he plays a critical part in the organization’s Total Fund Financing Strategy. His responsibilities include managing reverse repo and derivative trade flow, as well as supporting securities lending. 

Lance has held several key leadership roles throughout his career, including Managing Director at BNP Paribas, where he successfully launched and built a new U.S. securities lending program. He also served as the Senior Vice President and Head of Trading and Investments at Wells Fargo and Managing Director at GLMX. 

Lance holds a BA from the University of California, Los Angeles. 

Mark joined Invesco in 2019 to manage the firm’s securities lending program. He currently sits on Invesco’s Securities Lending Governance and Global Counterparty Risk Management Committees. Prior to Invesco, Mark co-headed Goldman Sachs’ agency lending business, GSAL. He joined Goldman in 1999 and later relocated to London where he helped establish GSAL’s international presence across the EMEA and Asia-Pac regions.  

Mark currently serves as Chair of the International Securities Lending Association (ISLA) Americas Board, the securities finance market’s industry association. Additionally, Mark sits on the ISLA EMEA Board.  He previously served as Chair of the Risk Management Association’s (RMA) Executive Council on Securities Lending.  

Mark received his B.S. in Finance and Marketing from Boston College, Carroll School of Management.  Mark holds FINRA Series 7, Series 24, and Series 63. 

Phil joined Citigroup in 2020 and heads the EMEA Securities Lending Trading desk.  Prior to that, Phil worked at Deutsche Bank where he held a number of wide-ranging Securities Finance leadership roles across London, Tokyo and Hong Kong. Phil is a member of the ISLA Board of Directors in Europe and is currently the Treasurer, also  last year became a director of the new ISLA Americas board. 

Senior Portfolio Manager, MSRPS Fixed Income Currencies and Commodities 

Mr. Witham is a senior fixed-income and derivative markets specialist with over 30 years of experience. His experience encompasses a range of investment strategies from long-only, insurance, indexed mandates, leveraged and unleveraged absolute return, and portable alpha strategies. Mr. Witham is currently responsible for MSRPS’ enhanced cash and securities lending programs, including internal cash collateral re-investment. 

Prior to MSRPS, Mr. Witham served as a managing director for Five Bridges Advisors responsible for all capital markets activities. Previously, he served as a managing director at ACA Capital Management where he was responsible for the hedge fund and CDO asset management groups. Mr. Witham also worked for LibertyView Capital Management as a senior vice president co-managing high-grade and full credit spectrum hedge funds focused on US securitized products. Prior, Mr. Witham was a senior portfolio manager at AllianceBernstein managing absolute return, hedge fund, short duration, portable alpha, CDO, and insurance strategies. Mr. Witham began his investments career at The Boston Company where he joined the management training program, became the asset/liability manager of the securities lending group, moved to the asset management group to manage securities lending collateral and portable alpha strategies, and finally managed the securitized products team.  

Mr. Witham earned a BA in psychology from Dartmouth College.  He holds the Chartered Financial Analyst designation. He is a former instructor for the Boston Security Analysts Society and a current volunteer instructor for the Diversity Investment Management Engagement (DIME) program.  

Nate Wuerffel is the Head of Product for the Global Collateral Platform and Head of Market Structure at BNY.  In this capacity, he is responsible for the development of products and services for BNY’s global collateral platform, which supports liquidity and financing for more than $6T in assets, including U.S. Triparty repo.  He is also responsible for BNY’s continued leadership in all aspects of market structure, including public-private efforts to improve financial market resiliency, navigating market structure changes especially in the U.S. Treasury market.   

Mr. Wuerffel was previously the head of Domestic Markets at the Federal Reserve Bank of New York where he was responsible for carrying out monetary policy trading operations in the Treasury, agency MBS and money markets, including the design and implementation of a range of facilities and trading operations such as quantitative easing and tightening programs, the Standing Repo Facility and other balance sheet actions aimed at fostering U.S. economic growth and financial market functioning.   

Mr. Wuerffel has led a variety of efforts across the public and private sectors to strengthen the U.S. Treasury market.  He was responsible for developing the annual Inter-Agency conference on the Treasury market hosted by the NY Fed, and oversaw the NY Fed’s Treasury Market Practices Group (TMPG).  Mr. Wuerffel led the New York Fed’s efforts to support the transition away from USD LIBOR and was responsible for the Alternative Reference Rate Committee (ARRC).  His public remarks cover topics such as government securities market liquidity and structure, Treasury market resiliency, central clearing and the LIBOR transition.  He currently sits on the Advisory Council for the Fixed Income Clearing Corporation and the Volatility and Risk Institute Advisory Board of New York University Stern School of Business. 

Mr. Wuerffel holds a bachelor’s degree from Valparaiso University and a master’s degree from University of Chicago. 

Jennifer Xu is a Portfolio Manager at GIC’s Balance Sheet Management Group. She joined GIC in 2020 and is based in the New York office. In her current role, Jennifer manages the team’s synthetic funding portfolio. She is actively involved in exploring structured trading opportunities to optimize financing resource capabilities. She also looks after the physical lending business in the North American regions. Her areas of expertise include synthetic financing, collateral management, and financial resource optimization. Prior to joining GIC, Jennifer was an Index Trader at Deutsche Bank’s Delta One desk. She holds a Master’s degree in Economics from Vanderbilt University and is a Chartered Financial Analyst (CFA) charter holder. 

Mathilda Yared is Managing Director in the Global Securities Finance group at National Bank Financial, where she co-leads the Securities Borrowing & Lending and Collateral Management team. 

Since joining National Bank of Canada in 2007, Mathilda has held a variety of roles across Montreal, New York, and Toronto. She holds a Bachelor of Mathematics from McGill University and a Master’s in Economics from the University of Montreal. 

Mathilda is the recipient of the 2021 Women in Capital Markets Executive Leadership Award and is an active member of Women in Securities Finance. She currently serves as Vice President of the Canadian Securities Lending Association (CASLA). 

Salman Zaidi heads the Asset Manager and Insurance ETF coverage channel at Invesco. The team works with model providers, fund managers and insurance general accounts on understanding potential usage of ETFs. Prior to joining Invesco, Salman was a senior product strategist for fixed income ETFs at BlackRock where he was responsible for client engagement, analytics, thought leadership, and commercialization. Prior to BlackRock, Salman spent 12 years in client coverage roles in fixed income, at the securities divisions at Goldman Sachs and Deutsche Bank in San Francisco, New York, and Singapore.