The 13th Annual Conference on Canadian Securities Lending

Canadian Securities Lending Association13th Annual Conference on Securities Lending, May 25th, 2023

Keynote Speaker: Dr. Hayley Wickenheiser

We are honored to have Dr. Hayley Wickenheiser as our Keynote Speaker this year who will be sharing her career journey in a keynote address.

Seven world championships, six Olympic appearances, five Olympic medals — Dr. Hayley Wickenheiser is a titan of sport and a leader both on and off the ice.

A first-ballot Hockey Hall of Fame inductee, Wickenheiser’s hockey IQ is highly respected in both the male and female game. She has played in/coached at four NHL development camps with the Philadelphia Flyers, the Edmonton Oilers, and the Toronto Maple Leafs. In 2018, Wickenheiser joined the Toronto Maple Leafs as assistant director of player development in 2018 before being promoted to assistant general manager in 2022.

Four-time Olympic Gold Medalist | Member of the Hockey Hall of Fame

In addition, Wickenheiser is a member of the Order of Canada, a retired member of the International Olympic Committee’s Athlete’s Commission, member of Canada’s Sports Hall of Fame, and founder of The Canadian Tire Wickenheiser World Female Hockey Festival.

Hayley Wickenheiser
Thursday, May 25, 2023
Location: The Omni King Edward Hotel
Address: 37 King St E, Toronto
We are excited to bring the 13th Annual Conference on Canadian Securities Lending back in person in Toronto.

Event Registration

Pricing: $599.00 (Early Bird: $499.00) plus applicable taxes

Thursday May 25, 2023

8:00 – 9:00 AMCONFERENCE REGISTRATION & BREAKFAST
9:00 – 9:05 AMWELCOME REMARKS & CONFERENCE OPEN
Roanna Kim – Director, Equity Finance, RBC Capital Markets & Vice President, CASLA
9:05 – 10:00 AMECONOMIC UPDATE: CLAIRE FAN – ECONOMIST, ROYAL BANK OF CANADA
Claire Fan joined RBC as an economist in 2019 after obtaining her Master’s degree in Financial Economics from Western University. She focuses on covering the macroeconomic outlook for Canada and the United States, and is responsible for projecting key indicators including GDP, employment and inflation. Other topics she’s covered include immigration and income inequality.
10:00 – 10:30 AMPANEL 1: INDUSTRY ASSOCIATIONS IN DISCUSSION: THE ROLE OF REPRESENTATION, ADVOCACY AND EDUCATION
Industry associations play a pivotal role in the Securities Finance landscape from advocating on behalf of stakeholders to aiding and developing best practices to promote sustainability and future proof the industry. This panel of global association colleagues will discuss their associations’ agenda, what is on the horizon and important topics such as ESG and DEI.

Moderator: Kyle A. Kolasingh – Director and Head of Market Services Solutions, RBC Investor & Treasury Services

Panelist:
Ina Budh-Raja – EMEA Head of Securities Finance Regulatory Strategy & Industry Affairs and Markets ESG, Bank of New York Mellon
Ed Oliver – Managing Director – Product Development, eSeclending
Claire Van Wyk-Allan, Managing Director and Head of Canada, The Alternative Investment Management Association
10:30 – 10:50 AMCOFFEE BREAK – Sponsored by Northern Trust
10:50 – 11:30 AMPANEL 2: THE REGULATORY ENVIRONMENT: PRESENT & FUTURE
Amidst a backdrop of renewed market volatility and general uncertainty around the economy and the regional banking sector, regulators are pressing for greater transparency and capital requirements. With the help our panelists’ expertise we will focus our discussion on proposed regulatory changes, what they mean at the desk level, and any unintended consequences we can expect.

Moderator: Erin Lamont – Vice President, Equity Finance, TD Securities

Panelist:
Nick Chan – Managing Director & Head of Financial Resource Management, BMO Capital Markets
Lesley Charkow – Managing Counsel & Director, Royal Bank of Canada
Andrea Topic – Director, Regulatory and Optimization, National Bank of Canada
11:30 – 12:10 PMPANEL 3: PERSPECTIVES ON SECURITIES LENDING
This panel will focus on trends affecting Securities Lending revenues in the last year with panelists sharing their individual perspectives on both challenges experienced, and opportunities presented by the changing landscape of the lending market.

Moderator: Chelsea Grossman –North American Head of Agency Lending Client Management, State Street

Panelist:
Cezan Duong – Head of Canadian Cash Reinvestment, BNY Mellon
Brendan Eccles – Global Head of Securities Lending, Scotiabank
Amin Nathoo – Principal, Anson Funds
Matthew Ross – Associate Director, EquiLend Data & Analytics
12:10 – 1:30 PMLUNCH BREAK – Sponsored by JP Morgan
12:10 – 1:30 PMWorking Lunch: CASLA & GPFA Presents: Buy & Sell Side Open Forum (Windsor Ballroom)

Limited registration will be available for this unique opportunity to join member representatives of both CASLA and GPFA to jointly discuss overlapping Securities Finance topics during the conference lunch break. Networking and lunch will be available.

Speakers:
Dexter Gall – Associate Director, Securities Finance, RBC Investor & Treasury Services
François Bellavance-Lecompte – Senior Director, Equity Replication and Balance-Sheet Activities, PSP Investments
John Loynd – Managing Director, Global Equity Financing and Solutions, BMO Capital Markets
Marco Drumond – Senior Portfolio Manager, Balance Sheet and Treasury Management, Healthcare of Ontario Pension Plan
12:10 – 1:30 PMWorking Lunch: WISF Lessons from the Judy Project: Navigating Unconscious Bias (Crystal Ballroom)
Sponsored by Scotiabank

The Judy Project, offered by Rotman School of Management at the University of Toronto, is a highly acclaimed forum enabling women to embrace their own ambition and cultivate organizational leadership to meet evolving priorities. Women in Securities Finance invites you to join our experts to explore the topic of unconscious bias with research data and how to address in practice.

Speakers:
Colleen Moorehead, Special Advisor, Osler Hoskin & Harcourt LLP and Business Co- Director and Founder, the Judy Project
Dr. Sonia K. Kang, Associate Professor at University of Toronto Rotman School of Management
1:30 – 2:10 PMPANEL 4: THE JOURNEY TOWARDS T+1
A challenging feat for all participants in the financial sector with hurdles for those specifically in the Securities Finance industry. Join our speakers from both CASLA and RMA T+1 sub-committees as they collectively share thoughts on what we are facing across North America with the settlement compression to T+1.

Moderator: Keith Evans – Executive Director, Canadian Capital Markets Association

Panelist:
Thomas Veneziano – North American Head of Product, Pirum
Ahmed Shadmann – Vice President Head of Agency Lending Trading, Toronto, StateStreet
Mathilda Yared – Managing Director Global Securities Finance, National Bank Financial
Ed Corral – Managing Director and Global Head of Collateral Strategy, J.P.Morgan
2:10 – 2:55 PMPANEL 5: TMX & CLEARSTREAM: FINANCIAL MARKET INFRASTRUCTURE DISCUSSION
This panel brings together FMI participants from various across Canada, the US and Europe to discuss domestic challenges, local market reform and regulatory trends as they impact secured financing and many others, with voices from the sell and buy side balancing the discussion.

Moderator: Steve Everett – Head Business Strategy and Innovation Post Trade, TMX

Panelist:
Laura Klimpel – General Manager of Fixed Income  Clearing Corporation (FICC) & Head of SIFMU Business Development at DTCC
Lara Krivokucho – Chief Commercial Officer CDCC
Charles Lesaux – Managing Director, Head Repo Trading Canada, RBC Capital Markets
Maksym Padalko – Operations and Policy Advisor, Bank of Canada
Fabrice Tomenko – Chief Executive Officer, Clearstream International SA
2:55 – 3:20 PMCOFFEE BREAK – Sponsored by Northern Trust
3:20 – 4:20 PMKEYNOTE SPEAKER: Dr. Hayley Wickenheiser
4:20 – 4:30 PMCLOSING REMARKS:
Mary Jane Schuessler – Managing Director, Equity Finance, BMO Capital Markets & President, CASLA
4:30 – 6:00 PMReception
*Please note that, while every effort will be made to present the program as advertised, speakers, topics and timing are subject to change due to circumstances beyond our control

Conference Speaker and Moderator Biographies

Welcome Remarks

Speaker NameSpeaker TitleSpeaker Company Speaker Bio
Roanna KimDirector, Equity Finance
Vice President, CASLA
RBC Capital Markets

Economic Update

Speaker NameSpeaker TitleSpeaker Company Speaker Bio
Claire Fan
Claire Fan
EconomistRoyal Bank of CanadaClaire Fan joined RBC as an economist in 2019 after obtaining her Master’s degree in Financial Economics from Western University. She focuses on covering the macroeconomic outlook for Canada and the United States, and is responsible for projecting key indicators including GDP, employment and inflation. Other topics she’s covered include immigration and income inequality.

Panel 1: Industry Associations In Discussion: The Role Of Representation, Advocacy And Education

ModeratorModerator TitleModerator Company Moderator Bio

Kyle A. Kolasingh, Moderator
Director and Head of Market Services SolutionsRBC Investor & Treasury ServicesKyle oversees lender management for the RBC I&TS Securities Finance program and is also Head of Market Services Solutions Finance program providing technical sales and relationship management coverage across securities finance, foreign exchange and cash management products. He has been with RBC I&TS since 2010 have previously worked from RBC Caribbean, and over the past twelve years has held various positions including Corporate Actions and Entitlements, Risk & Investments Analytics and Proposal Management. Based in Toronto, Kyle works closely with RBC I&TS’ beneficial owners and internal partners in the provision of securities financing products and solutions to the Bank’s existing and prospective clients. Kyle is also the Coordinator and executive team member at the Canadian Securities Lending Association and represents the associations at the Global Alliance of Securities Lending Associations. He hold a Bachelor of Administrative Studies with Honours in Finance from York University.
Panelist NamePanelist TitlePanelist Company Panelist Bio

Ina Budh-Raja
EMEA Head of Securities Finance Regulatory Strategy & Industry Affairs and Markets ESGBank of New York MellonIna is EMEA Head of Regulatory Strategy & Industry Affairs for BNY Mellon’s Securities Finance business and Head of ESG for BNYM’s Markets division.  She serves in a business advisory role and is responsible for leading the business’ efforts to identify and capitalize on new opportunities in a changing regulatory environment.   She is also responsible for the Markets ESG commercial strategy at Bank of New York Mellon.  Ina joined BNYM in 2018 from the State Street Bank & Trust Securities Finance business, where she was Head of Regulatory Affairs, EMEA.  Prior to that Ina was Managing Counsel for State Street’s Securities Finance business in EMEA and previously, derivatives & securities finance legal counsel supporting the equity finance and money markets desks at Deutsche Bank AG, London.  Ina is Chair of the ISLA Board of Directors and co-Chairs the ISLA ESG SteerCo, she is a member of the Bank of England Money Markets Committee, the Bank of England Securities Lending Committee and is Chair of the Bank of England Money Markets Code sub-committee.  In addition, she co-leads Women in Securities Finance London.

Ed Oliver
Managing Director – Product DevelopmenteSeclendingEd is Managing Director, Product Development at eSecLending (Europe) Ltd. and is responsible for leading the company’s product development efforts focused on new markets, collateral and liquidity solutions and regulatory initiatives. Ed joined eSecLending in 2010 having begun his financial services career in 1988. Prior to joining eSecLending, Ed held positions at Data Explorers (now part of S&P Global), Northern Trust, Baring Asset Management and Lloyds Bank. Ed is on the Executive Committee of the Pan Asia Securities Lending Association (PASLA) and CEO of eSecLending Europe Limited.
Claire Van Wyk-AllanManaging Director and Head of CanadaThe Alternative Investment Management AssociationClaire Van Wyk-Allan, CAIA is Managing Director, Head of Canada for AIMA, and also co-leads AIMA’s investor engagement work through the Global Investor Board and Investment Peer Group. She joined AIMA as Director, Head of Canada in 2018 and has over 14 years of professional experience in alternative investments, leadership, strategy and business development.

Prior to joining AIMA, Claire was a Business Development Manager, Advisor Channel Sales at RBC Global Asset Management (RBC GAM), where she covered retail advisors in GTA West. Previously, she was the Manager, Sales Support at RBC GAM, where she built and managed a team across Canada. Claire began her career at Arrow Capital, where she spent almost four years as Regional Manager, covering wealth advisors across Ontario.

Having served on the AIMA Canada Executive Committee for almost four years before joining AIMA as staff, Claire has also served as Board Liaison for the Sales Practices Committee and as Co-Chair for the Events Committee. She has been a two-time Co-Chair for Help for Children’s Hedge Funds Care Canada Gala. Claire graduated from the University of Western Ontario with a Bachelor of Management and Organizational Studies, specialising in Finance, and is a CAIA Charterholder.

Panel 2: The Regulatory Environment: Present & Future

Moderator NameModerator TitleModerator Company Moderator Bio
Erin LamontVice President, Equity FinanceTD Securities
Panelist NamePanelist TitlePanelist Company Panelist Bio
Nick ChanManaging Director & Head of Financial Resource ManagementBMO Capital Markets

Lesley Charkow
Managing Counsel & DirectorRoyal Bank of CanadaLesley Charkow is Managing Counsel & Director in the Capital Markets legal team within the RBC Law Group. In her role, Lesley provides legal support for RBC’s Central Funding Group in Global Markets and Investor & Treasury Services’ market services products, including agency securities lending, foreign exchange and cash management.  Lesley has over 20 years of experience in capital markets and provides strategic advice to her business and functional partners on securities finance and derivatives transactions and regulatory matters.
Lesley joined RBC in 2002 as Director of Documentation in the Global Services platform, moving into the role of Senior Counsel for the RBC Dexia joint venture in 2006, joining the RBC Law Group in 2012 supporting the Investor & Treasury Services platform and, most recently, joining the Capital Markets legal team in 2018.
Lesley received her law degree from the University of New Brunswick and her BA from the University of British Columbia.  Lesley was called to the bar of the Law Society of Upper Canada in 1999 and was called to the bar of the Law Society of British Columbia in 1994.
Andrea TopicDirector, Regulatory and OptimizationNational Bank of Canada

Panel 3: Perspectives On Securities Lending

Moderator NameModerator TitleModerator Company Moderator Bio
Chelsea Grossman
Chelsea Grossman
Managing Director, North American Head of Agency Lending Client ManagementState Street Global MarketsChelsea Grossman joined State Street Securities Finance in 2010 and currently leads the North American Client Management team for the Agency Lending business. She is responsible for existing customer management across Agency Lending, contributing to revenue growth and the enhancement of client relationships in the region. Prior to relocating to back to Boston, where she started at State Street, she led the Securities Finance Sales and Client Management areas for the Canadian client base, located in Toronto.

Ms. Grossman has a Bachelor’s degree from Boston University in International Relations and a Master of Business Administration (MBA) from the Boston University Questrom School of Business with a concentration in Finance.
Panelist NamePanelist TitlePanelist Company Panelist Bio

Cezan Duong
Head of Canadian Cash ReinvestmentBNY MellonCezan is Director and Manager of BNY Mellon’s Canadian Cash Investment Program within the Bank’s Securities Finance program. In her role, she is responsible for setting and executing investment strategy within the firm’s risk parameters.  Prior to joining BNY Mellon in 2016, Cezan was on the Short Term Interest Rates sales desk at National Bank Financial responsible for distributing government and corporate debt to institutional clients. Cezan also worked at CIBC Mellon in Capital Markets Risk Management and as Assistant Portfolio Manager for the Treasury and Cash Reinvestment portfolios. Cezan has a total career spanning more than 15 years. Cezan holds a Bachelor of Business Administration from the University of Toronto as well as the Chartered Financial Analyst designation.

Brendan Eccles
Global Head of Securities LendingScotiabankBrendan has been a member of the Scotiabank Prime Services team since 2004. He began his career at Scotia in Toronto on the Securities Lending desk. In 2006, he moved to New York to launch the US Securities Lending product. Brendan has held progressively senior roles within Securities Lending and is currently the Global Head. Prior to working at Scotiabank, Brendan worked 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 Charterholder.

Amin Nathoo
PrincipalAnson FundsAmin is currently a Principal & Portfolio Manager at Anson Funds advising all funds under management and is responsible for investment strategy, trading, risk management and overall investment performance. Amin focusses on providing financing to micro-cap companies with equity, convertible debenture, or other structured forms of financing.
 
Previously, Amin worked for TD Asset Management managing funds for retail, high net worth, and institutional clients. His primary responsibility was to lead research and investment coverage of the US Consumer Staples, European Consumer Staples, US Consumer Discretionary and US Cable & Telecommunications sectors. Amin completed his MBA at the Rotman School of Management, University of Toronto. Prior to that, received his undergraduate degree in Computer Science from the University of Waterloo, and worked for three years as a consultant at Deloitte. Amin is also a CFA Charterholder.

Matthew Ross
Associate DirectorEquiLend Data & AnalyticsMatthew Ross is an Associate Director of EquiLend Data & Analytics Solutions. In his role, he is responsible for product development across all EquiLend Data & Analytics solutions, including DataLend, the award-winning securities finance market data platform, and leading client engagement for new and ongoing initiatives. Matthew has more than 8 years of relevant experience in product development and client engagement within the financial services industry. Prior to joining EquiLend in 2015, he held a similar role at Deutsche Bank. Matthew holds a BS in Information & Systems Engineering from Lehigh University.

Working Lunch: CASLA & GPFA Presents: Buy & Sell Side Open Forum

Panelist NamePanelist TitlePanelist Company Panelist Bio

Dexter Gall
Associate Director, Securities FinanceRBC Investor & Treasury ServicesDexter leads product development, regulatory implementation, financial market infrastructure and technology integration with a focus on securities lending. Based in Toronto, Dexter has 30+ years of wholesale financial markets experience, including multiple leadership roles that span the middle office, collateral management/equity financing, client service and product management.

François Bellavance-Lecompte
Senior Director, Equity Replication and Balance-Sheet ActivitiesPSP InvestmentsExperienced Portfolio Manager with a demonstrated history of working in the investment management industry. Skilled in Portfolio Management, Balance Sheet Optimization, Indexing, Delta one products, Funding and liquidity management. Strong finance professional with a Master’s degree, Finance, from Sherbrooke University.
John LoyndManaging DirectorBMO Capital Markets
Marco DrumondSenior Portfolio Manager, Balance Sheet and Treasury ManagementHealthcare of Ontario Pension Plan

Working Lunch: WISF Lessons from the Judy Project: Navigating Unconscious Bias 

Panelist NamePanelist TitlePanelist Company Panelist Bio

Colleen Moorehead
Special Advisor and Business Co- Director and Founder, the Judy ProjectOsler Hoskin & Harcourt LLPColleen is responsible for facilitating the transition to Osler’s new Chief Client Officer, and acts as a resource for the firm’s client initiatives, as past CCO at Osler.

As the past co-founder of E*TRADE Canada, Colleen has extensive experience building successful companies and valuable brands. She is widely recognized as a respected business leader with senior management experience in financial services, technology, business, and webbased services.

Colleen has held various corporate leadership positions and has a deep understanding of business development strategy in the services sector. She works closely with incubators and investors that support early-stage companies developing technology solutions to solve problems for today and in the future. She is currently on the Board of Advisors for iNovia and NovaCap Financial Services, is the Chair of Merrco Payments Inc., and a board member of Next Canada and OneEleven.

As a well-known trailblazer and mobilizer, Colleen’s efforts to support, mentor and advance women throughout her 30-year career have contributed to meaningful organizational changes for Canadian companies and women in business. In addition to her role at Osler, Colleen is the co-founder and business director of the Judy Project at the University of Toronto’s Joseph L. Rotman School of Management. This leadership forum is designed to empower and prepare women to take on executive leadership positions. Since its launch in 2003, the Judy Project has supported the ascent of more than 400 women into C-suite positions.

Colleen is the editor of the best-selling leadership book The Collective Wisdom of HighPerforming Women: Leadership Lessons from the Judy Project. The book features personal stories from 70 Canadian women business leaders and highlights their perspectives on the characteristics of great leaders.

Over the course of her career, Colleen has been recognized and honoured with several awards including the Women of Distinction Award for 2020 and 2021 by YWCA Toronto, the 2021 Trailblazer Award by the Women’s College Hospital Foundation, 2015 Catalyst Canada Honours Champion – Business Leader, and the Business Builder 2010 Award by the Canadian Marketing Hall of Legends.

Dr. Sonia K. Kang
Associate ProfessorUniversity of Toronto Rotman School of ManagementDr. Sonia Kang holds the Canada Research Chair in Identity, Diversity, and Inclusion, and is an Associate Professor of Organizational Behaviour and Human Resource Management at the University of Toronto, where she is also a Faculty Research Fellow at the Rotman School of Management’s Institute for Gender and the Economy (GATE) and Chief Scientist, Organizations in the Behavioural Economics in Action Research Centre at Rotman (BEAR). Sonia is also the University of Toronto Mississauga’s Special Advisor on Anti-Racism and Equity. Sonia earned a PhD in Social Psychology from the University of Toronto and completed a SSHRC Post-Doctoral Fellowship at Northwestern University.

Panel 4: The Journey Towards T+1

Moderator NameModerator TitleModerator Company Moderator Bio

Keith Evans
Executive DirectorCanadian Capital Markets AssociationKeith Evans is Executive Director of the Canadian Capital Markets Association (CCMA). Appointed in July 2015, Mr. Evans represents the CCMA in the co-ordination of the CCMA’s Board-approved initiatives.

Mr. Evans led the Canadian financial industry’s transition from T+3 to T+2, which was successfully implemented in the fall of 2017. Since then, he has been working with industry participants to support modernization of CDS’ systems for clearing and settlement, as well as for entitlement and corporate actions processing. He now also heads cross-industry and cross-border co-ordination of Canada’s T+1 efforts.

Mr. Evans is a senior operations executive in the financial services industry, with extensive experience in clearing and settlement, corporate actions, and project management. He worked for The Canadian Depository for Securities Limited (CDS) for 36 years, most recently as Executive Director, Operations. There he was responsible for the day-to-day operations and strategy of Canada’s national depository and clearing corporation.
Panelist NamePanelist TitlePanelist Company Panelist Bio

Thomas Veneziano
North American Head of ProductPirumTom joined Pirum in July of 2022 as North American Head of Product, to help Pirum’s expansion into the U.S. post trade market, after spending 11 years at Citibank managing Agency Lending Operations. Tom has 35 years of industry experience, spanning operations, trading, and prime brokerage. Prior to Citi, Tom worked at Daiwa Securities in Operations and Treasury Finance Trading, Barclays Bank in Middle Office, Sales and Treasury Finance Trading, Bank of America in Fixed Income Prime Broker, and Treasury Finance Trading. Wells Fargo managing agency lending operations.

Tom also acted as Co-Chair to the Risk Management Association Operations and Tech committee prior to joining Pirum.

Ahmed Shadmann
Vice President Head of Agency Lending Trading, TorontoStateStreetAhmed Shadmann is a Vice President in charge of Toronto’s Agency Lending Trading at State Street Global Markets. He started his career at State Street in the Boston office in 2015 before moving to Toronto six years ago. Prior to joining State Street, Ahmed began his career in the financial services sector working for HSBC in Dhaka, Bangladesh as a relationship manager in corporate banking.
Ahmed holds a bachelor’s degree in Business Administration from the Institute of Business Administration of Dhaka University and a master’s degree in International Business from Tufts University.
State Street provides experienced securities lending capabilities and supplies liquidity across more than 45 markets, worldwide, via Securities Finance offices and trading desks located throughout the Americas, Europe/Middle-East/Africa and Asia/Pacific regions.

Mathilda Yared
Managing Director Global Securities FinanceNational Bank FinancialMathilda Yared is a Managing Director on the Global Securities Finance desk at National Bank Financial, responsible for co-leading the Securities Lending team. She started her career at National Bank of Canada in 2007 and has held various positions within the firm in Montreal, New York and Toronto.
 
Mathilda holds a Bachelor of Mathematics degree from McGill University, and a Masters in Economics degree from the University of Montreal. She received the 2021 Women in Capital Market’s Executive Leadership award, and is an active member of Women in Securities Finance.

Ed Corral
Managing Director and Global Head of Collateral Strategy,
J.P.MorganEdward (Ed) Corral is a Managing Director and the Global Head of Collateral Strategy for Collateral Services at J.P. Morgan. In this role Mr. Corral is responsible for Product Management & Strategy for Tri-party in the Americas as well as Derivatives Collateral Management globally. Ed leverages over 30 years of experience in the Financial Services industry, across Clearing, Central Funding, and Collateral Management to drive the convergence and modernization of services across these products and regions.
 
Prior to his current role Mr. Corral spent 10 years at Morgan Stanley where he was responsible for Firm-wide Collateral Management and Optimization.
 
Before joining Morgan Stanley, Ed spent nearly 20 years at J.P. Morgan and its predecessor firms, where he held numerous roles across Global Clearance & Collateral Management as well as Corporate Trust and Finance.
 
Mr. Corral received his MBA in Finance from NYU and graduated from Binghamton University.  Ed holds a Series 24, 7 and 63.

Panel 5: TMX & Clearstream: Financial Market Infrastructure Discussion

Moderator NameModerator TitleModerator Company Moderator Bio

Steve Everett
Head Business Strategy and Innovation Post TradeTMXSteve Everett has over 15 years of experience in post trade and Market Infrastructure, in leading innovative Market driven and client-centric change across TradeFI and Digital domains in multiple markets.  His current focus within the TMX Group is to lead innovation and change with a key focus in 2023 to introduce Canada’s first Triparty Collateral service as well as a series of Market driven initiatives and innovative digital solutions across the broad spectrum of post trade.
Panelist NamePanelist TitlePanelist Company Panelist Bio

Laura Klimpel
General Manager of Fixed Income Clearing Corporation (FICC) & Head of SIFMU Business Development at DTCCFixed Income Clearing Corporation (FICC)Laura Klimpel serves General Manager of DTCC’s Fixed Income Clearing Corporation (FICC) and as Head of SIFMU Business Development at the firm. Within these roles, Laura focuses on expanding FICC’s clearance and settlement services to a broader array of market participants, as well as enhancing FICC’s existing service offerings to further reduce risk and provide optimal capital and operational efficiencies to member firms. Laura also supports the development and implementation of the overall strategy and prioritization of SIFMU initiatives, working with cross-functional teams and industry partners to develop strategies for building new products and services that mitigate risk, create market efficiencies and reduce costs. 

Prior to her current role, Laura was General Counsel and Chief Compliance Officer at New York Portfolio Clearing, LLC (NYPC) for four years. During this time, she led the effort to obtain registration as a derivative clearing organization (DCO) and approvals for the “one-pot” cross-margining of interest rate futures cleared by NYPC with fixed income cash instruments.  She also drafted and reviewed rules, policies and procedures for compliance with various regulations. Before that, Laura spent three years at Cleary Gottlieb Steen & Hamilton LLP, focusing primarily on US commodities and derivatives regulation, including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Laura received her B.A. degree, summa cum laude, from Truman State University in 1999 and her J.D. degree, cum laude, from Cornell University in 2007. She is a member of the New York Bar.  Laura is also a member of the Treasury Market Practices Group (TPMG). 
Lara Krivokucho
Lara Krivokucho
Chief Commercial OfficerCDCCLara Krivokucha has been with TMX since 2002 and is currently Chief Commercial Officer of CDCC, the post-trade derivatives clearing arm of TMX. Prior to TMX, Lara worked in the UK as Vice President, Risk Management for Deutsche Bank AG, as well as Bear, Stearns International.

Lara has an MBA in Finance from Imperial College, University of London, UK, and a BA in Economics.

Charles Lesaux
Managing Director, Head Repo Trading CanadaRBC Capital MarketsCharles Lesaux is a Managing Director and Head of the fixed income repo business in Canada within the Central Funding group at RBC Capital Markets.  Charles joined the Global Rotational Program at RBC Capital Markets in 2005 after completing his MBA degree at the University of Toronto’s Rotman School of Management. 
 
Upon completion of the Global Rotational Program in the fall of 2006, Charles moved to Sydney, Australia to trade AUD and NZD FX Forwards in the Treasury Management group at RBC.  In 2007, he returned to Toronto to assist with the management of the CAD FX Forward book and to expand the STIR trading capabilities within Treasury Management.  In 2010, Charles joined the Fixed Income repo desk in the Central Funding group.
 
Charles is a member of the Toronto CFA Society and is also an active alumnus of the Rotman School of Management.  A proud champion of diversity, Charles is the Executive Sponsor for the Global Markets Pathways Diversity Award Program at RBC Capital Markets.  Charles actively supports community as both a volunteer and supporter for Outside Looking In, The Children’s Book Bank and United Way Greater Toronto.  Charles is a United Way MIG Cabinet Member and serves as co-chair of the RBC Capital Markets Annual Employee Giving Campaign.  In 2023, Charles was asked to co-chair a BA related working that was setup by the Bank of Canada under CFIF as part of CDOR cessation.      

Maksym Padalko
Operations and Policy AdvisorBank of CanadaAs an operations and policy advisor in the Financial Markets Department at the Bank of Canada, Maks Padalko is helping the central bank design and implement new market operations to fulfill its monetary policy and financial system mandates. His work includes the evolution of trading and collateral systems, from front to middle and back office operations, guaranteeing efficient trade execution. In addition to this, Maks maintains active coordination with the Canadian financial industry on various market infrastructure initiatives. He has notably contributed to implementing a new methodology for Canada’s risk-free reference rate (CORRA). Throughout his tenure at the Bank of Canada Maks managed the domestic market operations team, traded assets and liabilities in the Canada’s foreign reserves portfolio and conducted analysis across a variety of subjects. Maks has broad expertise in fixed income markets and central bank operations.
Fabrice TomenkoChief Executive OfficerClearstream International SA

Keynote

Keynote SpeakerPanelist Bio
Dr. Hayley WickenheiserSee biography above

Closing Remarks

SpeakerSpeaker Bio

Mary Jane Schuessler 
Managing Director, Equity Finance, BMO Capital Markets & President, CASLA