Join us at The Ritz-Carlton Golf Club, home of the PNC Championship, for the 2025 SIFMA Ops Golf Tournament. Separate registration is required - please contact us.
Post Trade Operations leaders are facing intense pressure to reduce costs, enhance client service, and scale operations efficiently. Achieving these goals has become increasingly difficult due to fragmented processes, siloed teams, and outdated, complex technology infrastructures. As a result, Operations teams are often left as the middle person, bridging gaps between various teams and systems to resolve issues—an inefficient and error-prone approach.
However, the future lies in automation. Discover how industry leaders are tackling these challenges head-on by leveraging cutting-edge technology with workflows to streamline and automate complex processes. Deploying end-to-end work orchestration solutions not only reduces operational inefficiencies but also unlocks significant business value, delivering a faster, more seamless experience for both internal teams and clients.
Join ServiceNow, Accenture, and a special guest as we reveal industry insights on the evolving trade operations landscape. Learn how you can automate trade processing throughout its entire lifecycle and see firsthand how Accenture and ServiceNow are helping capital markets firms unlock the full potential of automated work orchestration for tangible business success.
Arteria and SIFMA will provide an overview of a new documentation solution being launched to address firms needs to revise and enhance their treasury clearing legal documents. SIFMA and Arteria will provide a summary of the new offering and how firms could utilize this service to meet their documentation needs. Session participants will be entered to win their choice of SmartGoggles, Beats by Dre, or the reMarkable 2 digital notebook and pen!
This year’s Run for a Purpose will support Runway to Hope, whose mission is to support children and families battling pediatric cancer. Please help us support this lifesaving cause. Registration is complimentary, but space is limited - please contact us to sign up.
President and CEO
SIFMA
Opening Remarks:
Resiliency Through Unprecedented Market Turbulence
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Explore the themes shaping global markets and the future of operations with CEOs from major service providers as they discuss the current market landscape, key modernization efforts, and top priorities for their firms and clients alike.
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Join this panel of industry-leading operations executives as they share how they are prioritizing industry priorities such as the implementation of the U.S. Treasury Clearing mandate, the increasing emphasis on operational resiliency, and other key initiatives.
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The lines between Operations and Technology are blurring, ushering in a new era of collaboration and innovation. Our panelists will highlight key strategies and success stories for adapting to these changes, avoiding common pitfalls, and positioning yourself effectively in this integrated environment. Join this session to learn valuable knowledge and tools to adapt and thrive in a rapidly changing landscape where operations and technology are increasingly intertwined.
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Roy Ben-Hur
Managing Director, Deloitte Risk & Financial Advisory
Deloitte
Managing Director, Global Head of Business & Client Services
RBC Capital Markets
Managing Director
Charles Schwab
Executive Vice President and Head of Account, Treasury and Tax Services
Fidelity
This session will focus on the relationship between sell side and buyside, exploring what asset managers expect from dealers and the key priorities for buyside operations. We will also examine the challenges of balancing efficiency with fraud prevention while ensuring data accuracy and being able to leverage technology across industry partners. Additionally, we will look at the holistic operations model across the need to manage more complex products and asset classes.
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More than ever, a firm’s competitive edge is defined by its ability to harness data to accelerate modernization and deliver best-in-class capabilities to their advisors and clients. Join BetaNXT and a panel of leading innovators across a range of organizations in a discussion on how they are tackling data challenges and how they see open architecture, real-time data availability, and AI-enabled automation as transformative for operations, business intelligence, user experiences, and enterprise growth.
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Jonathan Reeve
Chief Product Officer
BetaNXT
Head of Product, Trade & Cost Basis
Vanguard
Head of Post Trade
DriveWealth
Val Wotton
Managing Director and General Manager, NSCC, DTC & DTCC Institutional Trade Processing
DTCC
This panel will provide in-depth insights into the upcoming U.S. Treasury clearing rule, set to take effect in December 2026 for cash transactions and June 2027 for repo transactions. Experts will discuss essential industry actions and implementation strategies to ensure compliance and effective adaptation to the new regulations.
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Robert Toomey
Head of Capital Markets/Managing Director and Associate General Counsel
SIFMA
Lunch & Learn: The Truth on the State of Transformation in Financial Services: Highlights from the 2025 Study
Sponsored by Broadridge
Unpack the latest insights into the strategies and sentiments driving the transformation of our industry. Hear perspectives of 500 global C-level and senior executives in financial services regarding next-generation technologies such as AI and blockchain, strengthening operational resilience, and improving investor experiences.
The middle office is a critical function for financial institutions. But it’s in danger of becoming the lost function, deprioritized while firms concentrate on generating revenue in the front office, and settlement issues in the back office. However, there is a route through the labyrinth of processes and systems to automation and innovation. Come to our lunch and learn and we will inspire you with the art of the possible, driven by AI.
We'll tackle the hard questions: Can a unified platform truly solve the middle office puzzle? How can we leverage industry shifts like T+1 settlement and on-chain solutions? And most importantly, how do we transform this vital area into a powerhouse of efficiency and control, while keeping our top talent engaged?
This panel session will delve into the priority strategic opportunities we are seeing across the rapidly evolving market for Digital Assets. Topics will include banking services in digital assets, Custody, tokenization of securities and private market assets, payments and stablecoins and wealth management services across digital assets. In addition to these deep dive topics, we will cover the associated risk and compliance considerations and discuss strategy to mitigate risks. This will be an interactive session where we will dive deeper into areas participants are focused on and share leading practices.
This session will focus on the U.S. Treasury Clearing rule, specifically addressing the cash clearing mandate and its operational implications.
Global Head of Fixed Income Securities and Repo Operations
Goldman Sachs
Helen Fermor
Chief Operations Officer
ICE Clear U.S.
Head of Sales and Relationship Management, Americas
ClearStream
Managing Director, Asset Management Group
SIFMA
Vice President, Product Management
Broadridge
This panel will explore key regulatory proposals and challenges shaping U.S. equity market structure, focusing on their impact on trading, investor access, and oversight. Topics will include extended trading hours, fractional shares, and their effects on liquidity, price discovery, and market efficiency. Experts will also discuss the Consolidated Audit Trail (CAT) and its role in enhancing market transparency and regulatory compliance.
President
Robinhood Financial
Director of RegTech Solutions, Institutional and Wholesale
FIS
President and Chief Executive Officer
Blue Ocean Technologies, LLC
Anthony Macchiarulo
Assistant Vice President, Financial Services Operations & Assistant General Counsel
SIFMA
Sponsored by Broadridge
Join this session to hear industry leaders share how they are simplifying their asset servicing operations to enhance efficiency, manage risk and reduce tech debt while navigating regulatory demands, and market complexities.
Partner Workshop: Disrupt the Status Quo: A New Choice in Clearing Models to Power Efficiency and Growth
Sponsored by BNY
Firms that self-clear securities are responding to constant change and must adapt, requiring significant investments in technology, personnel, and regulatory compliance.
While capital intensive and non-differentiating, many have relented due to the control it affords over operations, risk management and liquidity.
But a new operating model has emerged, allowing firms to rethink this approach. As technology and market structure evolve at an unrivaled pace, securities clearing is being reimagined to keep up with the rate of change.
Today, a new hybrid operating model allows the outsourcing of clearing and settlement activities while maintaining self-financing capabilities, freeing market participants to optimize capital, streamline operations, and connect into new markets more efficiently.
Join us to learn about:
- This innovative new operating model that allows for the outsourcing of clearing and settlement activities while maintaining the ability to self-finance
- The benefits of outsourcing to improve efficiency and direct capital to strategic growth areas
- Real-world examples of how clients can leverage operating model innovation to achieve greater agility and scale
The alternative investment industry is undergoing significant transformation, with modernization efforts reshaping processes, trading mechanisms, and reporting standards. In this panel, subject matter experts will discuss innovative solutions and collaboration strategies driving this change. Attendees will gain insights into the latest developments in alternative investment workflows and learn about ongoing initiatives to enhance efficiency, transparency, and standardization.
Matthew Clark
Managing Director, Alternative Investments Advisory Services
KPMG
This session will focus on the evolving landscape of corporate actions and the need for improved accuracy, automation, and standardization.
Danielle Gurrieri
Senior Vice President, Head of Product Management
Broadridge
Executive Director, Head of CIB Customer Tax Operations
Wells Fargo
Jim Monahan
Managing Director, Global Head of Asset Servicing
Citibank Markets Operations
Bidhu Rusia
Product Manager
S&P Global
Executive Director, Asset Services
DTCC
In an era where efficiency and accuracy are paramount, the financial services industry is turning to advanced technologies to stay ahead. The strategic role of data automation, along with the use of artificial intelligence (AI) has become increasingly critical, enabling organizations to streamline operations, reduce manual errors, and enhance decision-making processes. Beyond operational efficiency, find out how financial institutions can benefit from being able to predict where process breaks may occur and seek a reduction in manual efforts, errors, and risks – ultimately ensuring more efficient and reliable financial and business operations.
Join this session with Xceptor, who will be joined by strategic partner OnCorps AI, to learn more about how the convergence of intelligent data automation and AI is revolutionizing key processes within financial institutions.
As capital markets shift from pilots to production, tokenization is moving beyond a buzzword and becoming an operational reality. This panel convenes leaders spanning infrastructure, legal, and blockchain domains to discuss how tokenized securities are being designed, launched, and regulated on public blockchain networks.
From programmable compliance to new models of custody and settlement, panelists will explore the regulatory, technical, and market design considerations that define this new chapter of digital finance. Attendees will gain practical insights into the challenges and opportunities of real-world tokenization projects–and what it means for operational efficiency and asset servicing.
Co-Sponsored by BetaNXT and Options Clearing Corporation
Chief Operating Officer
SIFMA
Opening Remarks:
The New Ops Agenda: Strategy, Scale, and Resilience
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This panel will explore initiatives shaping the 2025 regulatory agenda and share the latest regulatory priorities surrounding risk, emerging technologies, and external market influences.
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Saima Ahmed
Executive Vice President, General Counsel
SIFMA
Susan Axelrod
Chief Compliance Officer and Chief Risk Officer for Merrill and the Private Bank
Bank of America
Vic Chakrian
Head of Financial Market Infrastructure – Supervision
Federal Reserve Bank of New York
Assistant Director, Division and Trading Markets
U.S. Securities and Exchange Commission
Bill Wollman
Executive Vice President, Head of Office of Financial and Operational Risk Policy
FINRA
During this session, panelists representing Operations, Cybersecurity and Operational Risk Management will run a live fire exercise, engaging audience members in a series of issues requiring quick thinking and on-the-fly decision making to help the sector return to business-as-usual operations.
See the SIFMA Reconnection Framework.
Managing Director, Global Head, Regional Information Security and Supervisory Engagement
JPMorganChase
Todd Purdy
Principal
Edward Jones
Managing Director and Global Chief Information Security Officer (CISO)
BlackRock
Managing Director and Head of the Enterprise Resiliency Office (ERO)
DTCC
Do brokers and asset managers share a unified vision for transforming securities operations over the next five years? Post-trade operations face critical decisions about investments that will reshape operating models and technology platforms. Join FIS as we unveil new, independent industry research - conducted with leaders from both the sell-side and buy-side - designed to help prioritize investment strategies for 2025-2030.
We will challenge conventional approaches to incremental investment, spotlight misalignments between clients and providers, and emphasize the importance of a transformational target operating model. Discover how aligning efforts can deliver new efficiencies, support innovation across the industry and help put capital to work.
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During this period of accelerating change across our industry, DTCC leaders will offer an inside look at new opportunities to strengthen market structure and deliver maximum value to the industry.
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Read the guest post, Building Trust & Value During Times of Uncertainty.
Managing Director, Chief Technology Officer
DTCC
Managing Director, Head of Enterprise Services
DTCC
Michael Winnike
Managing Director, Clearing & Securities Services Strategy and Market Solutions
DTCC
Val Wotton
Managing Director and General Manager, NSCC, DTC & DTCC Institutional Trade Processing
DTCC
Discover how firms are leveraging regulatory change as an opportunity to boost efficiency and redefine client-centric strategies— leveraging initiatives like U.S. Treasury Clearing and digital transformation to AI and advanced analytics to drive stronger returns and enhance the client experience.
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Mike Baker will leverage his expertise in geopolitics and counterterrorism operations to discuss the current geopolitical landscape, potential forward-looking hot spots, and how this may impact the global economy. Mike will also explore how intelligence, particularly cyber intelligence, can be utilized to mitigate increased resilience, reduce risk and enhance global opportunities in an era of growing cyber threats and physical threats in a changing world.
This expert panel will explore the evolving cyber threat landscape and its implications for financial services. The discussion will cover emerging cyber risks, regulatory expectations, and cutting-edge technologies to enhance resilience.
This session will explore how traditionally regulated firms are approaching native digital assets - what are the use cases and benefits of integrating these activities into existing retail and institutional businesses? Conversely, what challenges do firms face, particularly given the rapidly evolving regulatory environment?
Peter Ryan
Managing Director, Head of International Capital Markets and Strategic Initiatives
SIFMA
This panel will explore the evolving landscape of ETF share class structures, with a focus on the anticipated SEC exemptive relief that would allow mutual funds and ETFs to coexist within a single fund structure through distinct share classes. The discussion will delve into the operational, regulatory, and market implications of such structures, highlighting the impacts on distributors, service providers, custodians, funds, authorized participants, mutual fund sponsors, regulators, market infrastructure providers, and market participants. Key topics will include the challenges of implementing dual share class structures, the potential benefits for investors, and the considerations for market participants in adapting to these changes.
Partner Workshop: From Friction to Flow: Future Proof Your Operations as the World Converges to a Shorter Settlement Cycle
Sponsored by Swift
T+1 in Americas has raised the bar—and so have client expectations. As firms work through the operational implications of shorter cycles, the focus is on delivering tangible value: more automation, better visibility, tighter exception handling, and seamless integration across asset classes. This session explores what the buy-side and sell-side really need in the post-T+1 landscape.
Tracy Chou
Director of Securities & Go to Market, Americas
Swift
Lunch & Learn: Domain-Led Engineering: The Way Forward to Modernize Your Architecture and Eliminate Technical Debt
Sponsored by Deloitte
This panel will focus on an effective approach to addressing one of the Capital Markets industry’s most complex challenges – the modernization of legacy infrastructure. This session will also highlight the increasing urgency to retire 50-year-old mainframes, and acknowledge the growing need to address the end-of-life of core components of the 30-year-old systems that were built in the mid to late 90’s.
As you invest in architectural renovation, how can you optimize your timelines and limit client disruption? How do you make sure that business-critical requirements and processes are captured and replicated (or deprecated) appropriately?
The modernization journey includes an increased focus on cloud technology, heightened security, and rapidly changing vendor landscapes. Deloitte’s Domain-Led Engineering capabilities merge the various critical skills needed to do this work including:
- Architectural experience and flexibility to work in legacy and modern stacks
- Advanced tools, enhanced with AI, to decompose both legacy and modern codebases, unlocking the core business logic
- Hardcore engineering, data management and analytics
- Demonstrated business experience across Capital Markets products and functions
Lunch & Learn: Prioritizing Transformation in Securities Operations: Insights and Strategies for 2030
Sponsored by FIS Global
Securities operations are undergoing a profound evolution. By 2030, the landscape will demand not just adaptation but proactive transformation. To stay ahead, businesses must focus on aligning operations with the growing complexities of client expectations, technological advancements, and market demands.
At the heart of this evolution is the ability to remain client-focused while rising to meet market complexities. By prioritizing transformation, organizations can position themselves as agile, future-ready leaders in securities operations.
During the Lunch and Learn Session our panel experts will dive into following key focus areas:
-Transforming Post-Trade Operations in the Next Five Years
-Bridging Gaps Between Client Needs and Service Providers
-Strategies for Aligning Investment and Innovation Priorities
Join FIS for an exclusive lunch and learn session as we explore and share key insights and independent industry research—conducted with leaders from both the sell-side and buy-side—designed to help prioritize investment strategies for 2025-2030.
Sponsored by Sia
AI and GenAI are set to transform the asset management industry, helping firms accelerate existing process throughput and improve quality. Sia collaborated with SIFMA’s AMG Future of Operations Working Group to understand the world of possibility around four specific use cases where GenAI and AI can have a material impact. The current AI and GenAI technology landscape was reviewed, with an emphasis on readily available tools, along with perspectives regarding training data and LLMs.
• The process followed to identify the relevant use cases
• Highlights of each use case’s major pain points
• A review of the various AI and GenAI available techniques
• Understanding which technique should be applied against a specific pain point
• How these techniques can be combined to become a force multiplier
• An overview of the AI and GenAI vendor technology landscape
• Training data challenges and LLM overview
• Key considerations before starting your AI and GenAI journey
Greg Angelopoulos
Engagement Director, Wealth & Asset Management
Sia
Fraud perpetrated against retail investors by bad actors is growing exponentially and is a challenge the industry is tackling on a multitude of fronts. In January, SIFMA distributed a survey to members requesting information on the operational and technological issues in this space as well as information on the most impacted investor demographic.
The panel will kick off with an overview of the current threat environment and the defensive technological measures the industry is employing. We will then highlight the issues raised in the survey and panelists will discuss the operational and technological solutions their firms have explored in addressing them. Partnerships between the industry, regulators, and law enforcement will be explored. Finally, the challenges specific to the senior investor population and protections against elder financial exploitation will be a component in this discussion.
In today's fast-paced financial world, technology is more than just a tool – it's a catalyst for efficiency, transparency, and growth in capital markets. Join us as industry experts dive into the exciting convergence of operations and breakthrough technologies like AI, and automation. This panel will explore how these innovative solutions are revolutionizing traditional market structures, boosting operational efficiency, and tackling new challenges. Gain valuable insights into how capital markets are navigating technological disruption, ensuring compliance, mitigating risks, and staying ahead in a digital-first landscape.
For years, the wealth industry has operated under the vague concept of "shareholder engagement." However, true engagement has never been clearly defined, nor has it meaningfully evolved beyond basic digital adoption efforts. Despite decades of effort, traditional brokers have generally struggled to adapt to the communications preferences of a new generation of investors, resulting in stagnated innovation efforts. This status quo is insufficient for today’s investors, advisors, and broker-dealers.
The winners in this space are those organizations whose vision transcends the traditional delivery model of document delivery and embraces the concept of curating client experiences through the composition and delivery of data and information—structured in a way that can be accessed through multiple communication channels in a personalized, intuitive manner. This means building a multi-channel, data-driven communication ecosystem, where investors, advisors, and brokers engage with information on their terms, through their preferred channels, at the right level of depth for their needs.
In this session, featured leaders across BetaNXT, as well as thought leaders across regulatory and broker-dealer enterprises, will discuss topics ranging from technology innovation, regulatory challenges and solutions, and the new models for delivery needed to succeed in this new frontier of investor communication that is focused on delivering peace of mind, not PDFs.
Partner Workshop: Northern Trust (NT) Journey to Harness the Power of Data and Digital to Transform Securities Operations Across 99 Markets
Sponsored by TCS BaNCS
A dream for many is going to be NT's reality. They have undertaken a journey with TCS BaNCS to transform their global securities services business across 99 markets. In this session we will share how NT intends to simplify and harmonize its operating model while executing their enterprise data, digital and cloud strategy. Join us to hear how it can be your reality as well.
This session will examine the global shift toward accelerated settlement cycles and its impact on financial markets. Experts will also explore the operational resiliency considerations in a T+1 environment in the U.S.
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Global Head of Regulatory Compliance and Industry Affairs, Securities Processing Solution, Capital Markets
FIS
Chair
UK T+1 Accelerated Settlement Task Force
David Kirby
Managing Director, DTCC Consulting Services
DTCC
Executive Director, Client & Market Solutions, Global Banking and Markets
Goldman Sachs
Tokenization and digital securities and cash can transform securities operations and markets. This panel brings together leaders who are building the infrastructure and operating models for tokenized capital markets, explore the integration of stablecoins and other digital payments in the securities markets, and discuss the value market participants are gaining for tokenization how to integrate across digital asset platforms and traditional infrastructure.
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Charles DeSimone
Managing Director, Deputy Head of Technology, Operations, and BCP
SIFMA
Horacio Barakat
Head of Digital Innovation/GM, Fixed Income Platforms
Broadridge
Managing Director, Deloitte Risk & Financial Advisory
Deloitte
Managing Director
Societe Generale
Innovation in the securities industry is accelerating, fueled by competition from new fintech entrants and opportunities arising from an increasingly globalized market. Are we shifting from a landscape where licensed businesses need technology providers to one where technology builders need licenses? How will the next five years shape post-trade operating models and technology platforms?
Key priorities like overcoming legacy technology challenges, achieving operational scalability, adopting cloud-based SaaS solutions, leveraging enhanced data analytics, managing costs, mitigating risks, and remaining compliant with the evolving regulatory landscape remain front and center. These pressing needs and challenges will likely intensify over the coming years. We’ll explore these topics further, while drawing on new, independent industry research that highlights current trends and future opportunities.
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Mack Gill
Head of Securities Processing
FIS Capital Markets
This presentation explores the transformative impact of AI agents on the financial services industry in 2025. We will examine the current state of AI adoption, highlighting trends, challenges, and opportunities. The focus will be on how AI agents can autonomously perform complex tasks, collaborate with human experts, and scale AI solutions to drive efficiency and innovation.
We will discuss the challenges of implementing AI at scale, such as data privacy, and present strategies for responsible and ethical deployment. Real-world examples and case studies will showcase successful AI implementations in the industry. Attendees will gain actionable insights to navigate the challenges and seize the opportunities presented by this pivotal shift in AI for financial services.
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This session will reflect on the past decade and explore what the capital markets and asset management business could look like a decade from now. We will also discuss potential changes in the products and services we support, the tools and technologies that could reshape our operations, and the evolution of talent and the skills that will be essential in the workforce of the future.
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Managing Director & Head of US Wealth Management Operations, Operational Transformation and Key Strategic Relationships
RBC
Executive Director, Global Head of Fixed Income Middle Office & Global Middle Office Product
JPMorgan Asset Management
Senior Vice President, Global Head Broadridge Business Processing Outsourcing
Broadridge
Elisa Nuottajarvi
Vice President, Asset Management Group
SIFMA
Head of Financial Services, North America
Sia
Head of Investment Operations
Lord, Abbett & Co. LLC
