Conferences & Events

Welcoming Remarks
Bill Estes, Senior Vice President, Federal Reserve Bank of Atlanta

The Economy
Changes in global markets and turbulence in the domestic economy are influencing the investment products, services, and business strategies that financial organizations are using to deliver wealth management services. Investment managers will be challenged to effectively manage volatility risk in investor portfolios in light of the current market turmoil and uncertain U.S. tax policy. Join us for the opening session as our speaker discusses the state of global and domestic economies from the perspective of the asset manager in a global landscape.

Leo P. Grohowski, Chief Investment Officer, BNY Mellon Wealth Management

Perspectives on the Competitive Landscape and Changing Business Model
Wealth management services continue to evolve: Banks, brokerage houses, and boutique investment managers have adapted their business models to keep pace with the changing competitive landscape. Financial organizations are increasingly converging in delivering products and services. The battle of "share of wallet" rages globally, regionally, and locally. During this session our panelists will discuss several of today's more dynamic wealth management business models, key technology innovations, emerging investment solutions, and the challenges to managing risk. Panelists will also discuss how the more successful wealth managers are serving domestic and Latin American clients.

Scott M. Kellett, President, Bank of Florida Trust Company, Naples, Florida
Representative from Raymond James Financial Services, St. Petersburg, Florida
Mark Peters, Executive Vice President, Private Wealth Management, SunTrust Bank, Atlanta

Break

Lunch Speaker
Brad W. Setser, Council on Foreign Relations
Sovereign Wealth Funds and the Asset Manager

Private Banking and the Family Office
The growth in worldwide wealth is creating a more open marketplace for domestic and foreign investors and wealth management providers, increasing the need for customer due diligence in private banking, trust, and multigenerational wealth management. The lines between the traditional "private banking" and "family office" lines of business are becoming increasingly blurred as both international and domestic wealth managers are offering a larger and more complex suite of products and services to their sophisticated and highly affluent clientele.

Our speakers will discuss recent trends and the changing competitive landscape in the industry including the new business opportunities that future demographic changes present, the expertise required, and the key risks and challenges to these business models. Additionally, they will discuss the challenges of the current regulatory environment, including compliance with Privacy, Bank Secrecy Act and Anti–Money Laundering principles.

Maria Elena Lagomasino, Chief Executive Officer, GenSpring Family Offices
Ramiro Lopez Larroy, Senior Vice President, Banco SantanderInternational
John Atkinson, Director of Regulatory Risk, Protiviti Inc.

Wealth Management Technology Initiatives
Technology has also been a major driver in wealth management business models and has leveled the playing field for smaller players such as community bank trust departments. DTCC is on the leading edge of many of these technology initiatives. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives, providing capacity, certainty, and reliability to handle today's enormous trading volumes. Join our panelists as they round out the day by discussing some noteworthy global and domestic technology initiatives that are accelerating clearing and settlement operations, facilitating the flow of investments and expanding access to capital markets.

William B. Aimetti, President and Chief Operating Officer, DTCC
David Gardner, Principal Smart Consulting and External Project Director, DTCC

Closing Remarks
Rob Schenck, Vice President, Federal Reserve Bank of Atlanta