This essential one-day summit will provide an in-depth discussion and analysis of the Public-Private Investment Program (PPIP), the U.S. Treasury’s plan to address legacy assets remaining on the balance sheets of financial institutions. This timely event will bring together leading financial experts and senior financial regulators to discuss the expected impact PPIP will have on firm balance sheets; the structure of PPIP’s Legacy Loans and Legacy Securities Programs; and opportunities provided by the Programs for financial market participants. |
7:30 AM – 9:00 AM | Registration – West Promenade, 3rd Floor |
8:00 AM – 9:00 AM | Breakfast with Featured Speaker – West Ballroom, 3rd Floor |
| | Introduction and Opening Remarks |
| | Russ Appel
Chairman
Pension Real Estate Association (PREA)
Managing Director, The Praedium Group, LLC
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| | T. Timothy Ryan, Jr.
President and Chief Executive Officer
Securities Industry and Financial Markets Association (SIFMA)
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| Featured Speaker: Presentation from FRBNY |
| | William C. Dudley
President and Chief Executive Officer
Federal Reserve Bank of New York
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9:00 AM – 10:00 AM | Panel: Impact on Financial Institutions – East Ballroom, 3RD Floor |
| This panel of distinguished authorities on banking and financial markets will discuss the implications that PPIP’s key provisions and multidimensional objectives will have on financial institutions. Moderator: |
| | Guy Moszkowski
Managing Director
Banc of America Securities-Merrill Lynch
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| | Panelists: |
| | David Coulter
Managing Director, Financial Services
Warburg Pincus LLC
|
| | Scott Romanoff
Managing Director
Goldman Sachs
|
| | Brian Sterling
Principal and Co-Head of Investment Banking
Sandler O'Neill + Partners, L.P
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10:00 AM – 10:45 AM | Panel: View From The FDIC |
| | Joseph Jiampietro
Senior Advisor for Markets
Federal Deposit Insurance Corporation
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| | James Wigand
Deputy Director, Division of Resolutions and Receiverships
Federal Deposit Insurance Corporation
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10:45 AM – 11:15 AM | Refreshment Break – East Ballroom Foyer, 3rd Floor |
11:15 AM – 12:15 PM | Panel: Opportunities in Commercial Real Estate – East Ballroom, 3RD |
| | Among the most recent of the panoply of government efforts to stabilize the economy are the Treasury Department’s programs designed to cleanse bank balance sheets of toxic assets in concert with private investors. Panelists will discuss the opportunities and drawbacks associated with the Public-Private Investment Program (PPIP), and what investors’ participation might mean for their own investment returns and for the commercial real estate market in general. Moderator: |
| | Bart Steinfeld
Managing Director
Jones Lang LaSalle
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| | Panelists: |
| | Russ Appel
Managing Director
The Praedium Group, LLC
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| | Phil Riordan
Senior Managing Director
GE Pension Trust
|
| | Barry Sternlicht
Chairman and CEO
Starwood Capital Group Global, LLC
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| | David Twardock
President
Prudential Mortgage Capital Company
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12:15 PM – 1:45 PM | Luncheon Featured SpeakeR – West Ballroom, 3RD Floor |
| | David N. Miller
Director of Investments, Office of Financial Stability
U.S. Department of the Treasury
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| | Luncheon |
| | Hosted by First American CoreLogic |
1:45 PM – 3:00 PM | Panel: OUTLOOK ON LEGACY LOANS – East Ballroom, 3RD Floor |
| | Recent announcements by the FDIC indicate that the landscape of the Legacy Loan Program will continue to change. A panel of loan structuring, servicing, and investing experts will discuss the opportunities and value the Loan PPIP and possible alternatives that may present and the potential impacts on loan markets and the wider financial markets.
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| | Moderator: |
| | Margaret E. Tahyar
Partner
Davis Polk & Wardwell
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| | Panelists: |
| | Sean Brady
Managing Director, Head of Product Development
Credit Suisse
|
| | James Harrington
Managing Director/RMBS
Drawbridge Special Opportunities
Fortress Investment Group LLC
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| | David Konrad
Keefe, Bruyette & Woods |
| | Jack Schakett
Mortgage Executive, Credit Loss Mitigation Strategies
Bank of America
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3:00PM – 3:30 PM | Refreshment Break – East Ballroom Foyer, 3rd Floor |
3:30 PM – 4:45 PM | Panel: Outlook on Securities PPIP and Expanded TALF – East Ballroom, 3RD Floor |
| | A panel of leading investors, investment managers and securitization experts will discuss their outlook on the Legacy Securities Program, the opportunities and values it provides financial market participants, and also the effect the Program will have on securitization markets and wider financial markets. The panel will also discuss the impact of TALF expansion and specific asset classes of interest to certain investors. |
| | Moderator: |
| Stuart M. Litwin
Partner, Co-head of Securitization Practice
Mayer Brown LLP
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| | Panelists: |
| | Chris Flanagan
Managing Director, Head of ABS Research
JP Morgan Securities Inc.
|
| | Laurie Dotter
Senior Vice President
Hunt Realty Investments
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| | Roger V. Lehman
Managing Director, Co-Head Structured Finance Research
Banc of America Securities- Merrill Lynch
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| | Allan Malz
Vice President, Markets Group
Federal Reserve Bank of New York
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|
Wellington Denahan-Norris
Chief Investment Officer, Chief Operating Officer
Annaly Capital Management, Inc.
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4:45 PM | Closing Remarks |
5:00 - 6:00 PM | Networking Reception – Trianon Rendezvous, 3rd Floor |
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| Program subject to change. |