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
Financial Institutions Strategy
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
Vinny Bleau
Vice President, Fixed Income Analyst
Total Return and Relative Value Group
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 is always some uncertainty in the market. We use a top-down approach to help you invest in the current economic environment.
Sector valuations: We will discuss the various investment grade sectors and where and why certain attractive investments exist.
Portfolio strategy: Strategies to help improve portfolio performance during different economic cycles.
Relative value: We analyze where relative value(s) exist(s) in the market today.
Yield curve strategy: Interest rate cycles can last for years at a time. We help investors position their portfolios 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
Michael Breazzano
Managing Director
Structured Product Analyst
Fixed Income Capital Markets
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%. The Biden Administration proposed a student loan forgiveness program that potentially has implications for the FFELP.
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. Underlying collateral include broadly syndicated bank loans middle market loans and commercial real estate. Learning the “How’s and Why’s” can provide new opportunities across a spectrum of investors.
Target Audience:
Banks, Total Return
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
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
Blake Mills
Director
Senior Municipal Strategist
Fixed Income Municipal Credit Group
Possible Topic Title(s):
Community Reinvestment Act (CRA): Investing in Municipals, Municipal Surveillance
Brief Topic Description(s):
Investing in municipal bonds for CRA: General overview of tools, resources and procedures that are commonly used to identify CRA municipal investments
Developing an investment policy for municipal bonds: Guidance into structuring a municipal investment policy that meets regulatory requirements as well as leaves enough flexibly to find value within the market
General credit monitoring procedures for municipal bonds: Guidance into monitoring municipal investments from a credit perspective on both a pre-purchase and post-purchase basis
Fundamental understanding of municipal bonds: Provides a general overview of the municipal bond market
Target Audience:
Banks, Credit Unions, Municipalities
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
Financial Institutions Strategy
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
Wilson Pace
Director
Financial Institutions Strategy
Possible Topic Title(s):
Secondary Market for Government-Guaranteed Loans, Multifamily Markets from Construction Loan to Agency CMBS, Trends in Depository Commercial Lending
Brief Topic Description(s):
An update on premiums and liquidity in the secondary market for SBA 7(a) and USDA loans. Understanding the dynamics of government guaranteed loan markets from lender to investor in SBA 7(a) pools.
Trends within multifamily lending markets: Covering trends within the life cycle of multifamily finance from construction to permanent financing, and investment opportunities within the agency CMBS market.
Strategies within commercial loan markets: An update on trends in C&I and CRE Lending, and options for your balance sheet available in the asset-backed securities market.
Target Audience:
Banks, Credit Unions
Lawrence Petrucci, CFA®
Managing Director, Senior 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%. The Biden Administration proposed a student loan forgiveness program that potentially has implications on the FFELP.
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. Underlying collateral include broadly syndicated bank loans, middle market loans and commercial real estate. 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 Relative Value Group
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):
Market Update: What’s trending and trading in the whole loan market
Whole Loan Trading: Best Practices – Working with first time buyers and sellers
Auto: The changing landscape of indirect landing
Mortgage: How to grow your mortgage lending. QM and Non-QM loans – what’s liquid in the market today?
Portfolio Analytics: Understanding and managing risk in your loan portfolio
CECL and the impact on your portfolio. Raymond James helps to provide a solution.
Target Audience:
Banks, Credit Unions
Elisabeth Vogel
Head of Financial Institutions Strategy
Financial Institutions Strategy
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
Lindsay Wilhelm
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.
Deeper dives into municipal credit analysis.
Target Audience:
Municipalities, Banks, Total Return
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
eFolio®
eFolio® is the first truly interactive proprietary online portfolio management system for institutions, giving you constant access to your portfolio and Raymond James’ inventory and research. Interact with your portfolio online, run what-if scenarios, shock your portfolio using interest rate assumptions and more.