October 3, 2007—The Risk Management Association (RMA) and the securities lending division of The Securities Industry and Financial Markets Association (SIFMA) will cosponsor the first-ever securities lending conference focused on Latin American securities lending. The conference will be held January 23-25, 2008, in Coral Gables, Florida, at the Westin Colonnade Hotel.
Sessions at the conference will include:
- Understanding securities lending.
- Panel discussions on the markets of Brazil and Mexico.
- A beneficial owners perspective on why you should lend securities.
- A global securities lending update.
“I am very excited to be part of this new venture,” said Tred McIntire, president of Boston Global Advisors and chairman of RMA’s Committee on Securities Lending. “This conference will provide insight into the general securities lending industry for securities owners, lenders, and borrowers in the Latin America market. It will also provide an opportunity for those not currently in the Latin America market to meet with, discuss, and understand the nuances of the market from active participants.”
Irv Klubeck, managing director of Pershing LLC and president of SIFMA’s securities lending division, said, “The goal of this conference is to bring together professionals already participating in the Latin American market and those interested in learning more about them. This exchange of information should help with opening additional markets in Latin America and perpetuate growth in the existing ones.”
For more information about the conference, contact Curtis Knight, RMA Director of Securities Lending/Market Risk at cknight@rmahq.org or 215-446-4082.
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.
Headquartered in Philadelphia, Pennsylvania, RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the association by 18,500 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org.
About The Securities Industry and Financial Markets Association
The Securities Industry and Financial Markets Association brings together the shared interests of more than 650 securities firms, banks and asset managers. SIFMA's mission is to promote policies and practices that work to expand and perfect markets, foster the development of new products and services and create efficiencies for member firms, while preserving and enhancing the public's trust and confidence in the markets and the industry. SIFMA works to represent its members’ interests locally and globally. It has offices in New York, Washington D.C., and London and its associated firm, the Asia Securities Industry and Financial Markets Association, is based in Hong Kong.
The focus of the Securities Lending Division (SLD) is to increase operating efficiencies and to develop uniform practices consistent with the ongoing development of the global marketplace. Success in these endeavors is critical in order to continue the evolution of the Securities Lending marketplace from an activity which was designed principally to support various clearance and settlement conventions, to an integral component of the industry's highly sophisticated trading and investment strategies.
Contact:
Kathleen M. Beans
RMA PR Manager
215-446-4095