Speakers Bureau: Credit Unions

Howard Benz 
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


Scott Brown
Scott Brown, Ph.D.

Senior Vice President, Chief Economist
Equity Research

Possible Topic Title(s):
The Economic Outlook

Brief Topic Description(s):
- General Economic Outlook
- Employment
- Inflation
- Federal Reserve Policy / Interest Rates
- Fiscal Policy

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


Lynn Charlton 
Lynn Charlton

Senior Vice President
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


Bio-no-photo
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 
Chris Kornatowski

Managing Director
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


Cas Lane 
Cas Lane

Vice President
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


Hunter Meisenheimer 
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


John Toohig
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


Joey Vandergrift 
Joseph Vandergrift

Managing Director
Fixed Income Strategies

Possible Topic Title(s):
Strategies to Improve Depository Performance
Managing Interest Rate Risk
Prudent Portfolio Management

Brief Topic Description(s):
The presentation will revolve around minimizing interest rate risk while identifying value in the current market.

Target Audience:
Banks, Credit Unions


Elisabeth Vogel 
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

eFolio®

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