Please note that the agenda timings are in EST.
Kindly Hosted By
Cleary Gottlieb
10:00 – 10:30 AM
Arrival & Refreshments
11:00 – 11:30 AM
Introduction: Shaping the Future of Operations, Technology, & Transformation
Leaders from the ISLA Americas Operations and Technology Committee set the stage for two days focused on execution, resilience, and transformation in securities finance. As regulatory demands, market structure changes, and technology modernization accelerate, operations and post-trade teams face growing complexity and risk. This session highlights the priorities that will define success in 2026 and beyond—and where collective industry action is essential to deliver scalable, resilient operating models.
Speakers
Larry Albaugh, Managing Director, Head of Global Product Delivery
eSecLending
Christopher Galli, Executive Director - Americas Head of Trading Services Operations
J.P. Morgan
Robert Marino, Executive Director, North America Head of Securities Lending Operations
Morgan Stanley
Gwendolyn Michael, Director, ICG Services Operations
Citi
11:30 -12:15 PM
Advancing Standards Together: Building the Next Generation of Operations & Technology
ISLA Americas Operations and Technology Working Group leaders address the most persistent operational challenges facing the industry, including agent lender disclosure, corporate actions processing, extended trading hours, and system resiliency. As volumes, automation, and regulatory expectations increase, inconsistent standards and fragmented workflows create real cost and risk. This session provides an update on active initiatives and shows how coordinated industry effort can reduce exceptions, improve data quality, and strengthen the operational foundation of securities finance.
Speakers
Eliott Bryson, Regulatory Affairs
State Street
Dennis Riley, Vice President, Product Development
Goldman Sachs
Jason Siebott, Americas Head of Agency Securities Finance Operations
J.P. Morgan
12:15 – 1:15 PM
Lunch
1:15 – 2:00 PM
Preparing for the Digital Frontier: From AI to Digital Assets
Artificial Intelligence, Digital assets, blockchain, and distributed ledger technology are beginning to influence settlement models, collateral mobility, and data transparency in securities finance. Operations and technology teams must understand not just the opportunity, but the integration, control, and regulatory challenges these technologies introduce. This session explores where real use cases are emerging, what remains experimental, and how firms can begin preparing their operating models without overextending resources.
Moderator
Charles Engle, Executive Director
J.P. Morgan
Speakers
Mariska Lambrechts, Co-Global Head of Liquid Financing Platform & Product
Barclays
Deborah North, Partner
Cleary Gottlieb Steen & Hamilton LLP
Kerry Phippen, Managing Director, Head of Market Service Operations
RBC Investor Services
Pranay Sharma, Head of Innovation, Data & Analytics for Liquidity & Financing
BlackRock
2:00 – 3:00 PM
Building Resilience in a Cyber-Threatened World
As securities finance becomes more interconnected, cyber risk has evolved from an IT issue into an enterprise-wide operational threat. This session examines how failures in interoperability, access controls, or third-party dependencies can cascade across firms and market infrastructure. Panelists will share practical approaches for aligning operations, technology, risk, and compliance teams to strengthen defenses, manage vendor risk, and respond effectively when incidents occur.
Moderator
Alan McHugh, Senior Advisor - Cybersecurity
Lafayette Group, Inc.
Speakers
Timothy Cuddihy, Managing Director & Group Chief Risk Officer
DTCC
Benjamin Genek, Chief Risk Officer
Daiwa Capital Markets America
Amit Kachhia-Patel, Assistant Special Agent in Charge
FBI
David Ring, Head Of New Financial Intelligence Fusion Center
FINRA
3:00 – 3:30 PM
Networking Refreshment Break
An opportunity to connect with peers, speakers, and to continue discussions from the opening sessions.
3:30 – 4:15 PM
Partnering for Progress: Vendor Innovation Across the Securities Finance Lifecycle
Market participants and technology providers explore how interoperability, standardization, and partnership are reshaping the securities finance lifecycle—from pre-trade and execution through post-trade processing and regulatory compliance. The discussion will focus on reducing operational friction, improving exception management, and strengthening resiliency as firms rely more heavily on vendor ecosystems. Panelists will also examine how institutions can better govern technology partnerships to ensure scalability, control, and regulatory readiness.
Moderator
Timothy Guinan, Senior Vice President, Agency Lending Operations
Citi
Speakers
Robert Frost, Global Head of Business
Pirum
Thomas Veneziano, Director of Product Management
Broadridge
Simon Waddington, Head of Post-Trade & RegTech Solutions
EquiLend
Martin Walker, Senior Product Manager
FIS
4:15– 5:00 PM
Future-Proofing Talent: Succession, Skills, and the Next Generation in Securities Lending
As the securities lending industry transforms, operations, post-trade, and technology teams face unprecedented talent challenges. This session will explore how firms can build a resilient workforce through planning succession, targeted skill development, and upskilling for emerging technologies and regulatory demands. Panelists will discuss strategies to attract the next generation of professionals and ensure institutions are prepared to meet evolving market needs while retaining critical institutional knowledge.
Moderator
Larry Albaugh, Managing Director, Head of Global Product Delivery
eSecLending
Speaker
Kelly C. DiCuffa , Financial Services Human Capital, Workforce Transformation Lead
KPMG
5:30 PM
Networking Dinner
8:00 – 8:30 AM
Arrival & Refreshments
8:30 – 9:15 AM
Staying Ahead of the Curve: Regulation, Risk, and Market Transformation
With evolving global regulations and ongoing market infrastructure changes, institutions face complex challenges across balance sheet management, operations, post-trade, and technology. This session will provide a forward-looking view of how deregulation initiatives and geopolitical developments under the current administration are shaping the securities lending landscape. Panelists will highlight the operational and strategic adjustments firms must consider remaining compliant, resilient, and competitive in a rapidly changing environment.
Moderator
Rebecca Goldenberg, Head of Americas Product, Agency Securities Finance
J.P. Morgan
Speakers
Eliott Bryson, Regulatory Affairs
State Street
Erica (Dembowski) Friel, Head of Rates Funding and Structuring
Goldman Sachs
Brandon Hammer, Partner
Cleary Gottlieb Steen & Hamilton LLP
John Templeton, Managing Director, Global Head of Securities Finance Client Coverage
BNY
9:15 – 9:45 AM
Modernizing Market Utilities: Impact of DTCC’s Partials, PreMatch & Tokenization on Securities Finance
DTCC’s transformation roadmap covering mandatory autopartials, enhanced prematching capabilities, and the growing use of asset tokenization is set to reshape securities lending, financing, and collateral operations. What are the implications for inventory management, settlement efficiency, system interfaces, and collateral mobility, highlighting the operational, technology, and balancesheet considerations firms must prioritize over the next year? Attendees will gain actionable insights on aligning their institutions with these market infrastructure changes and preparing for the most critical impacts.
Moderator
Ed Richards, Executive Director
J.P. Morgan
Speaker
Marcus Denne, Executive Director
DTCC
9:45 – 10:15 AM
Expanding Horizons: Navigating Emerging Securities Lending Markets
A forward-looking view of developing securities lending markets, including Saudi Arabia, Spain, Brazil, Mexico, and Nuam. Panelists will examine the unique regulatory requirements, market infrastructure, and operational challenges in each region, highlighting how firms must adapt to launch and scale effectively. Attendees will gain insights into prioritizing resources, aligning technology and operations, and anticipating market changes to succeed in these evolving environments.
Moderator
Jill Rathgeber, Vice President, Product Strategy
Fidelity Investments
Speakers
Patrick Morrissey, Head of Product Development for Securities Lending
Vanguard
Luis Nath, Senior Vice President
Citi
Renato Simonetti, Associate Partner & Head of Securities Lending
BTG Pactual
10:15 – 10:45 AM
Networking Refreshment Break
An opportunity to connect with peers, speakers, and to continue discussions from the opening sessions.
10:45 – 11:15 AM
Navigating Market Transformation: Operational Priorities in an Era of Change
With multiple structural initiatives underway—including U.S. central clearing, DTCC modernization, FED ACAP, digital exchanges, expanded CCP offerings, and the proposal for extended trading—operations and technology teams face intense pressure to deliver change with limited resources. This session focuses on how firms can assess impact, prioritize initiatives, and avoid duplicative or misaligned efforts. Panelists will share practical frameworks for decision-making in an environment where everything feels critical—but not everything can be done at once.
Moderator
Ryan Gomez, Senior Manager, Capital Markets
EY
Speakers
Brian Christopher, Managing Director of Middle Office, Recalls, and Collateral and Settlements
eSecLending
Harsh Devpura, Director, Securities Finance
Options Clearing Corporation
Lauren Northrop, Head of Stock Loan Product
Bank of America
11:15 – 12:00 PM
Leadership Perspectives: Navigating the Future of Securities Lending
Discussion will focus on strategic approaches to innovation, risk management, and market efficiency, with insights into how these trends—including the proposal for extended trading—affect operations, post-trade, and technology functions. Panelists will offer guidance on the key areas professionals should prioritize in the year ahead to drive efficiency, resilience, and alignment across front, middle, and back-office operations.
Moderator
Anthony Toscano, Head of North American Global Securities Lending Solutions
MUFG
Speakers
Peter Abric, Managing Director
RBC Capital Markets
Frank Falanga, Executive Director, North America Head of Collateral Management Group
J.P. Morgan
Brooke Gillman, Managing Director, Global Head of Client Relationship Management
eSecLending
Michael McAuley, ISLA Americas Board Member, Regulatory Strategy
BNY
Sean McCormack, Managing Director – Liquidity Forecasting & Strategy
Charles Schwab
12:00 – 12:15 PM
Leading Change: The Operations & Technology Committee Call to Action
Committee chairs summarize two days of groundbreaking discussions into an actionable industry roadmap. Participants can help chart the next chapter for securities finance—discover how your expertise and involvement can directly influence standards, unlock new opportunities, and propel the entire sector forward. Leave inspired, empowered, and ready to make a lasting impact alongside the industry’s brightest minds—this is your moment to turn insight into action.
Speakers
ISLA Americas Operations & Technology Working Group,
Back to Events
Back