Speakers Bureau: Banks

Marie Autphenne

Managing Director, Senior Muni Credit Analyst
Fixed Income Municipal Credit Group

Possible Topic Title(s):
The Ins and Outs of Municipal Bonds

Brief Topic Description(s):
A discussion of the fundamentals and technicals of the municipal bond market, with a focus on credit trends and surveillance best practices.

Target Audience:
Municipalities, Banks, Total Return

Howard Benz

Managing Director
Fixed Income Strategies

Possible Topic Title(s):
What's Working?

Brief Topic Description(s):
Discuss strategies that other depository clients are exploring, tools and reports that are made available to our clients that help with understanding and measuring the risk of their portfolios.

Target Audience:
Banks, Credit Unions

Lynn Charlton

Director
Senior Asset/Liability Consultant

Possible Topic Title(s):
Raw Materials for ALM Modeling: Betas, Decays and Prepays
Interpreting ALM Results for Management and Regulators

Brief Topic Description(s):
Defining ALM model inputs and assumptions is the most critical, and perhaps challenging, aspect of modeling interest rate risk. Lynn will define critical model inputs, discuss setting asset/liability behavioral assumptions, and demonstrate the sensitivity of earnings and valuations to these important variables.

Combing through volumes of ALM data and arriving at actionable conclusions on interest rate risk can be challenging. Lynn will discuss interpreting ALM model results, identifying the source of risks to earnings and valuations, and effectively communicating key conclusions to the ALCO and board.

Target Audience:
Banks, Credit Unions

Orrin Edwards, CPA-inactive

Managing Director
Fixed Income Strategies

Possible Topic Title(s):
Negative Convexity: Its Impact on Your Portfolio
Optimizing Your Portfolio’s Performance
Portfolio Management Resources: Are you taking full advantage of available resources?

Brief Topic Description(s):
Negative Convexity:  How convexity (negative) affects your portfolio’s earnings/yield, cash flow, unrealized gain/loss in shocked scenarios over time

Optimizing Your Portfolio’s Performance (depositories, municipalities, insurance companies):  With earnings at a premium and minimizing unrealized portfolio losses imperative, have an action plan of how to position your portfolio for maximum institution benefit

Portfolio Management Resources: Are you taking full advantage of available resources? (Depositories, municipalities, insurance companies): Maybe there’s too much information, analytics and opinions available, but make sure you have a plan to efficiently and effectively maximize your time and your portfolio’s contribution to your institution.

Target Audience:
Banks, Municipalities, Credit Unions

Chris Kornatowski

Managing Director
Head of Asset/Liability Consulting Services

Possible Topic Title(s):
Regulatory Update: Keeping Your Risk Management Approach Current
Got Interest Rate Risk? Now What?

Brief Topic Description(s):
Recent regulatory advisories are changing the way institutions approach balance sheet risk management. Chris will discuss emerging regulatory issues regarding interest rate and liquidity risk, modernizing risk policies, and establishing relevant risk limits.

Financial institutions have multiple tools for adjusting interest rate risk. Chris will define and evaluate the impact of practical funding, hedging and investment strategies to help reduce interest rate risk.

Target Audience:
Banks, Credit Unions

Hunter Meisenheimer, CFA^®

Managing Director, Senior Mortgage Analyst
Fixed Income Research

Possible Topic Title(s):
Mortgage Market, Relative Value, Yield Curve Strategy, Portfolio Strategies, Primers on Fixed MBS, ARMs and CMOs

Brief Topic Description(s):
Mortgage Market Issues and Trends – GSE updates, spread, price and prepay risk and trends, current hot topics

Relative Value – Identify quality sectors and bond types for risk/return for current rates, rising/declining rates and curve shifts

Yield Curve Strategy – What factors are driving rates in the current market environment and how to position your portfolio to maximize its potential

Portfolio Strategies – Strategies to help improve portfolio performance, tools and reports to identify reinvestment opportunities, timely market commentary and sector analysis

Primers on Fixed MBS, ARMs and CMOs – Basic discussion for beginning investors

Target Audience:
Municipalities, Banks, Total Return, Credit Unions

Cas Lane

Director, Mortgage Analyst
Fixed Income Research

Possible Topic Title(s):
What’s Working?
Mortgage Market Update
MBS Review: Pre Purchase, Post Purchase and Everywhere in Between
Agency CMBS Primer (Fannie DUS, Freddie Mac K series, Ginnie Mae Project Loans and SBAs)
Agency MBS, CMO, ARM Primer
Board, ALCO, Investment Committee Training
How eFolio Can Supercharge Your Portfolios Earnings

Brief Topic Description(s):
MBS play a vital role in the highest performing institutions. The Agency MBS/CMBS market is 2nd only to the U.S Treasury market in liquidity and trade volume. Join me as I unpack the myriad of options available to you and help you manage, track, and review the sector pre AND post purchase to help you elevate your performance. The Agency MBS market is the “spread sector” of choice for the Federal Reserve’s asset purchases. How does the Fed impact the market? Am I “fighting the fed”? Does the Fed own the same securities I do?

Agency CMBS is a growing sector as there is a need for multifamily housing. The unique characteristics within the CMBS sector (six different products) offer investors the key to unlocking value if you know where to look.

Target Audience:
Banks, Credit Unions

Lawrence Petrucci, CFA^®

Managing Director, Structured Products Analyst
Structured Products Credit and Strategy

Possible Topic Title(s):
Student Loan: Underlying Forces
Are CLOs a Product For You? – Myth and Mystery Debunked

Brief Topic Description(s):

Student loans fueled the U.S. education system for nearly 50 years and now represent more than a trillion dollars of obligations. Government-backed loans originated under the Federal Family Education Loan Program or FFELP were securitized into structured tranches that offer quality investment performance supported by an explicit U.S. government guarantee of at least 97%.

Collateralized Loan Obligations surfaced around 1990. Since then, these vehicles have provided investors of all types robust returns through varying economic conditions and business cycles. Learning the "How's and Why's" can provide new opportunities across a spectrum of investors.

Target Audience:
Banks, Total Return

Ellis Phifer, CFA^®, CMT

Managing Director
Total Return and Insurance Strategies

Possible Topic Title(s):
Fixed Income Strategies for the Current Economic Environment, Sector Valuations, Portfolio Strategy, Relative Value, Yield Curve Strategy, Total Return Ideas

Brief Topic Description(s):
Fixed Income Strategies for the Current Economic Environment: There’s always some uncertainty in the market. This presentation helps you make sense of what is affecting the market and sound ways to position your portfolio to take advantage of what the market is giving you.

Sector Valuations: We will discuss the various investment grade sectors and where and why certain attractive investments exist.

Portfolio Strategy: How an overall portfolio strategy should look now, as well as the tactical opportunities that currently exist.

Relative Value: We will discuss where relative value(s) exist(s) in the market today.

Yield Curve Strategy: Interest rate cycles last for years at a time, and ways to position your portfolio change as the curve twists and turns.

Total Return Ideas: We discuss which investment strategies and tactics will help you outperform on a total return basis.

Target Audience:
Economics, Municipalities, Total Return, Banks

Richard Szalkowski

Managing Director, Senior Muni Credit Analyst
Municipal Credit and Strategy Group

Possible Topic Title(s):
Nonprofit Hospital and Health Systems

Brief Topic Description(s):
Analyzing nonprofit hospital and health system credits. Reviewing credit trends and spreads for nonprofit hospitals and health systems.

Target Audience:
Municipalities, Banks, Total Return

John Toohig

Managing Director
Whole Loans

Possible Topic Title(s):
Whole Loan Market Update
What’s Working in Lending Today

Brief Topic Description(s):
How to grow your mortgage lending. Non QM loans and what's liquid in the market today.

Challenges in today's auto lending environment. Looking at the profitability of the portfolio.

A beginner's guide to buying and selling loans.

CECL and the impact on your portfolio. Raymond James helps to provide a solution.

Target Audience:
Banks, Credit Unions

Elisabeth Vogel

Managing Director
Fixed Income Strategies

Possible Topic Title(s):
Navigating the Volatile Interest Rate Environment
What’s Working in the Current Market

Brief Topic Description(s):
Discuss strategies that other depository clients are exploring, while also focusing on tools and reports made available to help our clients understand and measure the risk of their portfolio.

Target Audience:
Banks, Credit Unions