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2016 General Membership Meeting Photos

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Thomas Faust, 2016 GMM Planning Committee chair, and chairman and CEO of Eaton Vance Corp., welcomed attendees to ICI’s 58th Annual General Membership Meeting before sharing his thoughts about key drivers of disruptive change in the asset management industry, including new regulatory initiatives, changes in market conditions, shifting investor preferences, and product innovations.

 

GMM’s Policy Forum featured Michael R. Bloomberg, noted entrepreneur, philanthropist, and three-term mayor of New York City, in a conversation with ICI President and CEO Paul Schott Stevens. Topics included the importance of focusing upon and anticipating the needs of customers; the critical need in America for effective educational opportunities that teach students how to reason and enable them to excel in today’s knowledge economy; and the importance of solving major societal problems by making them relevant to people today.

 

Every year, GMM includes a number of interactive breakfast discussion sessions, covering such topics as challenges in fund distribution, developments in the Asia-Pacific fund markets, issues facing closed-end funds, and developments involving market structure and exchange-traded funds.

 

At GMM’s leadership session, Leslie Walstrom of Columbia Threadneedle Investments responds to a question on client engagement and communications. The panel also featured (from left) Shundrawn Thomas of Northern Trust Asset Management, Andrea Lisher of JPMorgan Asset Management, and Brian Langstraat of Parametric.

 

CNBC’s Tyler Mathisen (right) moderated an investment insights session featuring Krishna Memani of OppenheimerFunds and Liz Ann Sonders of Charles Schwab.

 

At the 2016 GMM luncheon session, best-selling author and biographer Walter Isaacson (left) engaged in a dynamic discussion with Ted Truscott, CEO of Columbia Threadneedle Investments. Topics included how innovation thrives at the intersection of art and science, the genius and management style of Steve Jobs, the future of technology in financial services, and more.

 

Lisa Jones of Pioneer Investment Management moderated a panel addressing emerging technologies in the asset management industry. Panelists included (from left) Akbar Sheriff of State Street Bank & Trust Company, Sanjiv Mirchandani of Fidelity Clearing and Custody, and George Castineiras of Gibraltar Ventures.

 

At GMM’s global asset management session, Frank Xiaoling Zhang of China Asset Management (left) describes key characteristics of the Chinese mutual fund industry, including the dramatic increase in money market fund investing over the past three years. With him from left are Ajai Kaul of AllianceBernstein Singapore, Campbell Fleming of ICI’s Global Steering Committee, and session moderator Jim McNamara of Goldman Sachs.

 

GMM attendees enjoyed a high-energy dinner party featuring an “Around the World” theme, musical entertainment, and excellent networking opportunities.  

 

For the fourth consecutive year, Mary Jo White, chair of the U.S. Securities and Exchange Commission, addressed the GMM audience on the final day of the conference. Her remarks focused on three key SEC rulemaking priorities: data modernization, liquidity risk management, and derivatives risk management. Chair White also discussed upcoming SEC initiatives to address disclosure effectiveness, the oversight of exchange-traded funds, portfolio pricing, cybersecurity, and fund disclosures.

 

Following a timely presentation on geopolitical risks and the changing nature of globalization, Kevin Kajiwara, co-president of Teneo Intelligence, engaged in a question-and-answer session with Thomas Faust, chairman and CEO of Eaton Vance Corp.

 

Stuart Rothenberg (left) and Charlie Cook, well-known political analysts, closed the 2016 meeting with a fast-paced session featuring their insights and predictions about the 2016 presidential election.  

 

At the 2016 Mutual Fund Compliance Programs Conference, Jerry Dillenburg of Aston Asset Management, Cathy Stoner of Schwartz Investment Counsel, Nicole Tremblay of New Century Portfolios, and John Walsh of Sutherland, Asbill & Brennan participated on a panel exploring timely compliance issues, including gifts and entertainment policies, oversight of distributors, and the SEC’s increasing use of data analytics.

 

At the 2016 IDC Fund Directors Workshop, JoAnn Strasser of Thompson Hine LLP, Mark Polebaum of MFS Investment Management, and Julie Allecta of Forward/Salient Funds explored the likely effects on fund boards of recent SEC rule proposals regarding liquidity risk management, swing pricing, and derivatives.  

 

The GMM Exhibit Hall featured more than 60 industry service providers and delicious food and beverages, providing an ideal environment for networking and information sharing.

 

Each year, the GMM Exhibit Hall includes a number of Legal Forum presentations on timely topics, including the session pictured above, where representatives from eSecLending discussed the risks and opportunities involved in securities lending.

 

 

You may also be interested in viewing the 2016 Operations and Technology Conference Photos.