In a 30-minute podcast, three leading industry experts discuss the implementation of derivatives rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Listen to this DerivSource podcast to hear Joe Sack, Bill Thum and Frank De Maria offer a macro view on this timely topic.About the Speakers:
Joe Sack is the Founder of Sack Consulting and provides advice to financial services firms regarding the implementation of regulatory reform in the global investment markets. Mr. Sack, a lawyer, served as Managing Director of the Asset Management Group at SIFMA from 2006 to 2010. Previously, Mr. Sack was an EVP at the Bond Market Association where he organized industry-wide lobbying initiatives for fixed income bond underwriters and technology and operations professionals.
Bill Thum, Principal at Vanguard Investments where he is responsible for derivatives legal support including coverage of fixed income and equities trading, policy and negotiation of derivatives trading agreements, implementation of derivatives clearing, and advice and comment on derivatives regulatory reform. Mr. Thum has previously worked at Morgan Stanley and law firm Fried Frank. He is actively involved in industry groups including the International Swaps and Derivatives Association (ISDA).
Frank De Maria is a Managing Director of Credit Suisse in the Investment Banking division, based in New York. Mr. De Maria is the global Head of the Strategic Change Group for the OTC Product Family in Investment Banking Operations. Mr. De Maria joined Credit Suisse in June 2010 from MarkitSERV, a derivative industry joint venture between the DTCC & Markit. Prior to this role, Mr. De Maria was a Managing Director and global head of Derivative Operations at Merrill Lynch, having also served as CFO of the Global Rates business. Previous experience also includes serving as CFO of Oversight Partner I, the small industry group tasked with unwinding Long Term Capital as well as various operations and finance positions with Soros Fund Management, Bankers Trust and the Federal Reserve Bank of NY.
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