Vice chairman of institutional securities.
Tom is responsible for Morgan Stanley’s transition efforts to alternative reference rates to
replace LIBOR through the firm’s Global LIBOR Transition Steering Committee. This
group, spanning ISG, Wealth Management and Investment Management, will ensure that
all businesses and infrastructure organizations have a consistent set of Firm-level
guidelines, their own transition plans and accountability for transition readiness before
Tom most recently led the firm’s Global Business Continuity Management Organization,
which is responsible for strategic planning and risk management for potential cyber and
physical disruptions. He is a member of the firm’s Securities Operating Committee, Risk
Management Committee and Asset/ Liability Management Committee.
Prior to being named Vice Chairman, Tom was the Global Head of the Bank Resource
Management Division where he was responsible for the firm's secured funding, securities
lending, global hedging and collateral management activities.
Beginning his career in the industry in 1977, Tom joined Morgan Stanley in 1986 and has
been engaged in the Firm’s funding, collateral and hedging activities throughout his
career at the firm. Based in New York, Tom has also completed multi-year assignments
in Morgan Stanley’s London and Tokyo offices.
In April, 2019, Tom was named Chair of the Alternative Reference Rates Committee
(ARRC) by the Federal Reserve Board. The ARRC is a group of private-market
participants convened to help ensure a successful transition from USD LIBOR to a more
robust reference rate.
Tom was appointed Chair of the US Commodity Futures Trading Commission’s Market
Risk Advisory Committee (MRAC) Interest Rate Benchmark Reform Subcommittee in
Tom served as Chair of the Treasury Market Practices Group (TMPG) until May 2019.
The TMPG is sponsored by the New York Federal Reserve and is an industry group
committed to supporting the integrity and efficiency of the U.S. Treasury and Agency
Mortgage Securities Markets.
Tom serves on the board of directors of International Swaps and Derivatives Association,
Inc. (ISDA). Tom was appointed to the Alternative Reference Rate Committee,
sponsored by the Board of Governors of the Federal Reserve in 2014. Tom previously
served on the Financial Research Advisory Committee to the US Treasury Office of
Financial Research from 2012 to 2017.
Edwin Schooling Latter
Director of markets and wholesale policy
Financial Conduct Authority
Edwin Schooling Latter is Director of Markets and Wholesale Policy at the Financial Conduct Authority where his responsibilities encompass policy in relation to primary and secondary markets, trading venues, trading conduct, benchmarks, asset management and pensions. From 2011-2014 Edwin was head of the Financial Market Infrastructure
Directorate at the Bank of England, responsible for supervision of CCPs, securities settlement systems, and systemically important payment systems, and for the Bank’s input to policy making on central clearing and OTC derivatives reforms. Prior to appointment as head of MID, Edwin worked in the Bank’s Financial Stability area for several years, including as secretary to the Bank’s Financial Stability Committee. Edwin was also previously Managing Director of UK payment system, LINK Interchange Network Ltd.
MD, rates options and exotics trading
Ali Khan is Managing director – Rates Options & Exotics Trading at Nomura, with over 15 years’ experience in Options Markets.
Prior to joining Nomura in 2009, Ali was an Exotic Rates Trader at Lehman Brothers for 4.5 years where he started his career.
Ali has a BA in Mathematics and an MPhil in Statistics from the University of Cambridge.
Group Ibor transition director
Director, programme lead, wholesale lending technology and change
Loan Market Association
Clare joined the Loan Market Association in 1999 after spending two years in the syndications department at Sumitomo Bank, working on loans in Europe, the Middle East and Africa. Prior to this she spent two years at the British Museum Development Trust raising funds for the Museum's Great Court project. Before joining the British Museum, Clare had spent some eight years at Sumitomo in the international department, including two years at the bank's head office in Tokyo, where she helped establish a syndications desk. In London she worked mainly on origination in various Western European and Nordic countries.
Clare has an honours degree in Modern and Medieval Languages from the University of Cambridge. She is a member of the Bank of England’s Working Group on Sterling Risk-Free Reference Rates and chairs the Sterling Loans sub-group.
Medium term funding
Martin McKinney is Senior Manager in Santander UK’s Treasury team and has been part of the Santander UK Group since December 2014. Martin has over 7 years’ experience in UK bank funding teams with a focus in secured funding.
Martin is responsible for wholesale funding activities of Santander UK with a term greater than 1 year across the bank’s funding and capital structure – this includes both issuance and liability management.
Head of syndicated loans agency & Libor transition business lead
Jamie is the Commercial & Private Banking Business Lead for LIBOR Transition at NatWest and is the Chair of the Loans Flow Enablement Task Force established by the Bank of England and the FCA to identify and overcome blockers to greater SONIA issuance in the cash market. He has also run the NatWest Syndicated Loans Agency business since June 2017, joining Agency from the Product and Capital Management team where he had responsibility for the Corporate Debt Product set. Before this he was a Senior Director in the Project Finance business with a particular focus in the power and renewables sector. Jamie joined NatWest from Bank of Tokyo-Mitsubishi and started his career in PwC’s advisory business.
Head of derivatives & counterparty risk
Barry oversees derivatives governance and counterparty risk globally for Aviva Investors. He has a number of years experience in financial services and has spent a considerable amount of that time working in derivatives related roles within banking, insurance and asset management. Barry is continuing to lead the work to deliver the remaining changes to comply with post crisis OTC regulation across Aviva Investors. He is also a key member of the Aviva Investors team delivering the IBOR transition programme, acting as an SME for derivatives related transition and participates in a number of IBOR industry working groups.
Director financial markets
LDI portfolio manager
BMO Global Asset Management
Nabil is a Portfolio Manager in the Liability Driven Investment team at BMO Global Asset Management and has degrees in actuarial studies from the London School of Economics and Imperial Business School. He manages the hedging needs of pension funds across interest rates, equities, credit and foreign exchange using a range of derivative based strategies. He is also active in the policy debate around derivatives market structure as a member of the Sterling and Euro working groups on risk free rates. Nabil previously worked at Willis Towers Watson in their structured products team before joining BMO GAM in April 2011.
Head of firmwide Libor transition efforts
Jason is responsible for the firm's London Inter-bank Offered Rate (LIBOR) transition efforts. Previously, he was deputy head of Liquidity Solutions for Goldman Sachs Asset Management (GSAM). From 2010 to 2017, Jason was the head of International Liquidity Portfolio Management for GSAM, responsible for the management of international liquidity portfolios. From 2007 to 2010, he was co-head of the Secured Funding team on the Central Funding desk, where he and his team were responsible for all financing transactions and financing counterparty relationships across the Investment Management Division. Prior to that, Jason worked in the portfolio and risk strategy group of GSAM’s Fixed Income team from 2004 to 2007. Before joining GSAM, he was an analyst in Fixed Income Operations. Jason joined Goldman Sachs in 2000 and was named managing director in 2012. Jason was recognized by Financial News as one of the “FN 40 Under 40 Rising Stars of Asset Management” in 2013 and 2014. Jason serves on the Board of Trustees of Fairy Bricks. Jason earned a BA in Economics from the University of Michigan in 2000.
Director of G7 portfolio management, treasury
European Bank for Reconstruction and Development
Jasper is Director of G7 Portfolio Management within the EBRD Treasury. He oversees the central risk warehouse for all hard currency risks across the Bank’s balance sheet, and is also heavily involved with IBOR transition across various RFR working groups. Jasper joined the EBRD in 2011. Previously he worked as a macro trader, and was a market maker at ABN AMRO.
Kris Devasabai is the New York-based editor-in-chief of Risk.net. Previously, he was bureau chief and US editor of Risk magazine. He manages the editorial team. Prior to joining Risk, Kris covered hedge funds, asset management, cross-border investing and law for several publications.
Kris holds a bachelor’s degree in law and government from the University of Manchester, and he completed his legal training at the Inns of Court School of Law in London. He was called to the bar of England and Wales in 2003.
Robert Mackenzie Smith
editor, US asset management
CRE Finance Council
managing director, securitization and credit markets
Chris manages for SIFMA's securitization and corporate credit advocacy and other activities.
SIFMA has a special focus on agency MBS markets and maintains a collection of market standards and trading practices governing the TBA market. For the last few years, primary mandates in this area have been regulatory reform, the implementation of a single security for TBA trading, FINRA 4210 margin requirements, securitization capital requirements, and the world of GSE/housing finance reform.
In the fall of 2018 Chris took over SIFMA’s corporate credit activities in addition to the securitization responsibilities. This includes issues such as fixed income market structure, TRACE, and execution of SIFMA’s Insurance and Risk-Linked Securities Conference.
He is also the primary staffer for SIFMA's activities related to LIBOR and the transition to alternative reference rates in the US and participates on the Federal Reserve’s Alternative Reference Rates Committee along with a number of subcommittees.
He also helps to coordinate SIFMA's activities related to fintech.
Chris joined the Bond Market Association (predecessor to SIFMA) in 2005 as the analyst for the MBS and Securitized Products Division. He became head of the securitization group in 2013. Prior to joining SIFMA, he was an accountant in the Retail Securitization Accounting and Investor Reporting group at JPMorgan Chase & Co., and was responsible for investor reporting and other administration of auto, student loan, and mortgage securitization transactions.
Chris holds Bachelor’s Degrees in Economics and Government from Franklin and Marshall College.
Dominic T. Brown
Field Technology Head North America
Head of European interest rate derivatives
Bhas Nalabothula is head of European Interest Rate Derivatives at Tradeweb. Since joining the firm in 2013, Bhas has been instrumental in developing the interest rate swaps business for the Tradeweb Swap Execution Facility. He has worked closely with buy-side clients and liquidity providers to develop electronic trading protocols and workflow solutions.
Bhas recently relocated to Europe, where he now leads the Tradeweb effort in the European Interest Rate Swaps market. Prior to joining Tradeweb, Bhas was as a member of the US Interest Rate sales team at Citigroup where he covered institutional derivatives clients. Bhas holds a Bachelor of Science in Computer Science from Carnegie Mellon University.
senior vice president of financial engineering
MD, Co-Head of Rates Trading in EMEA,
Global head of rates, bonds and credit
Didier joined Murex 16 years ago. He spent 7 years as an Interest Rates Derivatives (IRD) consultant, working with numerous European and international financial institutions, and developing his interest and expertise in this field.
He then joined the product development division and led the IRD practice until 2014. In this role, he oversaw the transformation of the rates solutions following the financial crisis, introducing new features for multi-curves, clearing, OIS discounting and negative rates management in the MX.3 platform. Didier has been in charge of the evolution of Murex’s rates and credit solutions, as well as curve and volatility analytics, since 2016.
In 2018, he was appointed co-head of the Murex IBOR discontinuation taskforce, responsible for the design and development of the Murex IBOR discontinuation solution. Didier is a computer science and financial mathematics engineering graduate from the National School of Computer Science and Applied Mathematics (Ensimag) in Grenoble, France.