POSTPONED: Breakfast Briefing : How Does Risky Compression For Cleared Trades Create Value For Clients of Clearing Members?
Clear Compress has created an innovative, on-demand approach to trade compression, offering an exciting new alternative for clearing members and clients of clearing members alike that can benefit from reducing gross notional and associated costs. In this interactive breakfast meeting we aim to address the barriers to compression and demonstrate whether the benefits are achievable.
Breakfast Briefing : How Does Risky Compression For Cleared Trades Create Value For Clients of Clearing Members ?
Monday 4th July 2016, 8am-10am: London
Clear Compress has created an innovative, on-demand approach to trade compression, offering an exciting new alternative for clearing members and clients of clearing members alike that can benefit from reducing gross notional and associated costs. In this interactive breakfast meeting we aim to address the barriers to compression and demonstrate whether the benefits are achievable. The format will include:
- An introduction by David Hill, CEO of ClearCompress
- A Q&A session with two industry experts, Ricky Maloney from Old Mutual and Diana Higgins from Centrica and Author of a book on Portfolio Compression [called Portfolio Compression: Techniques to Manage EMIR and Other Regulatory and Trading Risks]
- An audience discussion to address the following:
- Compression is operationally complex and expensive to achieve?
- The economics are difficult to quantify?
- Compression needs a big investment in IT & Operations?
- Service pricing makes compression a difficult sell internally?
- Wrap up of the interactive session with key take away points
The event is targeted at clients of clearing members who are concerned with the topic of increasing gross notional build up in their cleared portfolio and will be hosted at the award winning M Restaurant on Threadneedle St from 8am to no later than 10am.
You should participate if you operate in a senior trading or management capacity at a financial institution or you oversee optimisation strategies around CVA, Capital and Treasury functions for cleared trades.
David is the CEO of ClearCompress bringing extensive front to back knowledge of capital markets and derivatives as well as over 20 years industry experience across both the Sell and Buy side. Most recently acting in a senior consulting capacity around Clearing Strategy and change, previously he was the COO of Fixed Income for Aberdeen Asset Management where he managed a $100bn AUM business as a CF1, sitting on the Risk committee and acting as a fiduciary director to a number of trading entities. During his career David also held senior positions at Deutsche Bank such as Global Head of Credit Derivative Operations and in his early career traded emerging market debt.
Rates & LDI: Old Mutual Global Investors
Ricky joined Old Mutual Global Investors in March 2016, as Business Manager for the Rates & LDI trading desk. He joined from Eurex Clearing where for two and a half years he ran their Buy Side Sales & Relationship Management function, prior to joining Eurex, Ricky spent six years working for Ignis Asset Management as Head of Treasury Processing. During his 20 years in the city he has also worked for The Bank Of New York, BNP Paribas and Walker Cripps Weddle Beck . Ricky holds a Degree in Business Studies from The University of Sunderland.
Credit Risk Management Consultant
Diana is a credit risk management consultant based in London with over 15 years of experience in commodity trading including gas, electricity, oil, metals, and coal. She has managed distress events and has also set up, transformed and closed down credit risk departments in major European Energy firms. Diana has experience in managing multilateral and bilateral portfolio compressions. She has written, defined, reviewed and updated credit policies for energy corporations, subsidiaries and clearing houses. She has also designed and delivered in-house and public training courses for beginners, intermediate and advanced credit and non-credit practitioners. Other include Credit Value Adjustment (CVA) and regulatory (EMIR) related projects with Tier 1 and 2 energy corporations.
Managing Director: Derivati Consulting
Jaki Walsh is managing director, Derivati Consulting, a specialist consulting firm offering cross asset class expertise in the derivatives market; specifically focusing on the evolving market structure and the challenges relating to the implementation of current Regulations (EMIR/Dodd Frank/MIFID etc.). With over 15 years of global experience in derivatives and project management across investment banking, asset management and central clearing, she has the unique benefit of having sell-side, buy-side and service provider experience in the Derivatives market. Prior to founding Derivati Consulting, Jaki was head of EMEA OTC Product at CME Group where she worked closely with buy and sell-side clients to support the successful launch of dealer-to-customer OTC clearing services. Jaki also held various roles at F&C Investments including Group Derivatives Operational Officer where she was responsible for the firms' group derivatives middle office, operational oversight, control and development and acted as the prime derivatives representative between both external and internal derivatives stakeholders including clients, legal, compliance, derivatives counterparts, clearers and outsourced vendors.
Owner The OTC Space, Moderator
Bill's career has included a wide variety of businesses including cash registers, children’s games, RADAR, oil drilling and for the past 20 years the capital markets, especially OTC derivatives. In the capital markets he initially worked on developing software to process OTC derivatives at Merrill Lynch, in the days when paper trade tickets were still the norm. Subsequently he has worked with major banks to improve their OTC processing capabilities, including with Barclays Capital as Head of OTC (ISDA) Projects, LCH.Clearnet as Head of Product Development for the SwapClear service and at DTCC to design, build and deploy the Trade Information Warehouse for Credit Default Swaps. He originally qualified at Greenwich University in Computing, and is a contributor to three books on OTC products and capital markets and is the owner of The OTC Space Ltd.