Please join me and fellow panelists on January 24, 2012 fro. 4 to 6 pm for a topical discussion about pension risk management and governance. Given that the last few years have posed unprecedented challenges for plan sponsors, both corporate and public, as well as their asset managers and consultants, life in employee benefit land will never be the same again. Market volatility, low interest rates, increased scrutiny about carrying out fiduciary duties, calls for better disclosure and greater complexity keep pension decision-makers busy.
Hear what legal and financial professionals have to say about what keeps plan sponsors and their advisors and asset managers up at night and how they can implement best practices for pension risk management within a fiduciary framework.
The roster of speakers who will address both defined benefit and defined contribution plan best practices and concerns include:
Mr. William Carey, President, F-Squared Retirement Solutions
Attorney Gordon Eng, General Counsel and Chief Compliance Officer, SKY Harbor Capital Management, LLC
Dr. Susan Mangiero, CFA, FRM, Risk and Valuation Consultant and Expert Witness
Attorney Martin J. Rosenburgh, CFA
Information about the speakers is shown below:
William Carey, President
F-Squared Retirement Solutions
Mr. Carey is President of F-Squared Retirement Solutions, a subsidiary of F-Squared Investments. F-Squared is a privately held SEC registered investment advisory firm providing investment advisory and portfolio management services for financial professionals, wealth managers, and institutional investors. Mr. Carey has over 25 years of experience in the financial services and retirement industry. Previously, Mr. Carey led the retirement business for Bank of America and distribution and client management for Bank of America/Merrill Lynch retirement. Mr. Carey spent 14 years with Fidelity where his responsibilities included serving as President of Fidelity Institutional Retirement Services Company and Fidelity Registered Investment Advisor Group. Prior to Fidelity he worked for Aetna Life in Casualty in their employee benefits division. Mr. Carey received a Bachelor of Arts degree in economics from Bates College in 1982. He has served on a number of industry and not-for-profit boards and is currently on the board of trustees for Bates College.
Gordon Eng, General Counsel and Chief Compliance Officer
SKY Harbor Capital Management, LLC
Gordon Eng is General Counsel and Chief Compliance Officer of SKY Harbor Capital Management, LLC, a registered investment advisor established in August 2011 and headquartered in Greenwich, CT, with a focus on managing core high yield and short duration high yield bond portfolios for institutional and high net worth individuals in and outside the United States. Prior to joining SKY Harbor Capital Management, Mr. Eng was a litigation associate at the law firm of Debevoise & Plimpton LLP in New York where his practice focused on white collar, internal investigations, regulatory defense, and commercial litigation of complex financial instruments. Mr. Eng was admitted to the bar in New York in 2005 and is admitted to appear before the US District Courts for the SDNY and EDNY, and the 2d Cir. Court of Appeals. His registration as an out-of-state authorized house counsel in Connecticut is pending. His published works include: “Regulatory Investigations and the Credit Crisis: The Search for Villains,” co-authored in American Criminal Law Review’s 2009 Annual Survey of White Collar Crime (2009), “Forging Ahead on E-Discovery,” co-authored in the New York Law Journal (2006) and “Old Whine in a New Battle: Pragmatic Approaches to Balancing the Twenty-First Amendment, the Dormant Commerce Clause, and the Direct Shipping of Wine,” Fordham Urban Law Journal (2003). Mr. Eng serves on the Board of Directors of the New York County Lawyers' Association (NYCLA). He is also a co-vice chair of the NYCLA Ethics Committee and a founding member of the Advisory Board of the NYCLA Ethics Institute. He is a contributing editor to the publication New York Rules of Professional Conduct (2010), which is edited by the NYCLA Ethics Institute. Mr. Eng is a member of American Bar Association, the House of Delegates of the New York State Bar Association, and the Litigation Committee of the Asian American Bar Association of New York. Mr. Eng is a recipient of the 2010 Legal Aid Society's Pro Bono Publico Award in recognition of his representation of Legal Aid Society clients in Manhattan criminal court. Mr. Eng began his career as an international bank lending officer at Manufacturers Hanover Trust Company, and was also a foreign currency trader at Bankers Trust Co., Bank of Tokyo Ltd., Lehman Brothers and JPMorgan Chase and a legal intern at the United States Attorney's Office, Southern District New York, Criminal Division from 2003-2004. Mr. Eng received his J.D., magna cum laude, from Fordham University School of Law, Order of Coif in 2005 where he was a published member of the Fordham Urban Law Journal. He received his M.B.A. from New York University, Stern School of Business with honors and his B.S. in Economics from the Wharton School of the University of Pennsylvania.
Susan Mangiero, PhD, CFA, FRM, Managing Member
Fiduciary Leadership, LLC
Dr. Susan Mangiero offers independent risk management and valuation consulting, litigation support and training. She has provided testimony before the ERISA Advisory Council, the OECD and the International Organization of Pension Supervisors. Dr. Mangiero has served as an expert witness as well as offering behind-the-scenes forensic analysis, calculation of damages and rebuttal report commentary for a variety of investment governance, performance, risk and valuation matters. She has over twenty years of experience in capital markets, global treasury, asset-liability management, portfolio management, economic and investment analysis, derivatives, financial risk control and valuation, including work on trading desks for several global banks, in the areas of fixed income, foreign exchange, interest rate and currency swaps, futures and options. Dr. Mangiero has provided advice about risk management, modeling, hedge effectiveness and valuation best practices for a wide variety of consulting clients and employers that includes General Electric, PriceWaterhouseCoopers, Mesirow Financial, Bankers Trust, Bank of America, Chilean pension supervisory, World Bank, Pension Benefit Guaranty Corporation, RiskMetrics, U.S. Department of Labor, Northern Trust Company and the U.S. Securities and Exchange Commission. Dr. Mangiero is the author of Risk Management for Pensions, Endowments and Foundations (John Wiley & Sons, 2005), a primer on risk and valuation issues, with an emphasis on fiduciary responsibility and best practices. Her articles have appeared in Expert Alert (American Bar Association, Section of Litigation), Hedge Fund Review, Investment Lawyer, Valuation Strategies, RISK Magazine, Financial Services Review, Journal of Indexes, Family Foundation Advisor, Hedgeco.net,Expert Evidence Report, Bankers Magazine and the Journal of Compensation and Benefits. Dr. Mangiero has written chapters for several books, including the Litigation Services Handbook and The Handbook of Interest Rate Risk Management. In addition to her contributions to www.pensionriskmatters.com, a popular award-winning and syndicated blog, she launched a second blog that addresses compliance and investment best practices for all types of institutional investors, www.goodriskgovernancepays.com, in early 2011. She is a frequently invited speaker and has keynoted or led workshops for organizations such as the Stable Value Investment Association, Harvard Law School, Florida Public Pension Trustees Association, New York State Department of Insurance, Association of Public Pension Auditors, AICPA - Employee Benefits Section, National Association of Corporate Directors and Financial Executives International.
Martin J. Rosenburgh, CFA, Esquire
Martin Rosenburgh is an attorney with an investment management focus and also a financial analyst. Mr. Rosenburgh currently serves as a securities compliance consultant to investment managers and service providers within the investment management industry. In addition, he provides litigation consulting services to several law firms, representing investment manager clients in SEC examinations and audits and providing expertise and support on large-scale securities law matters (including Madoff feeder-fund, Refco, and WaMu litigations), and also provides independent business valuation research and advisory services. Finally, he serves as consultant to Hudson Pilot, an asset liability management solutions boutique, where he has assisted in development and implementation of portfolio strategies for defined benefit plan sponsors and endowments, performing macroeconomic research and providing advice on retirement plan funding and design issues. Recent other clients include Morvillo Abramowitz, Marcum LLP, RegEd, Zaitzeff Law P.C., BONYM, South Street Securities, A.S.A.P. Advisory Services and First State Trust Company. In addition, he has served as an associate at Proskauer Rose LLP, Pryor Cashman LLP and Grotta Glassman and Hoffman, PA, where he has advised employee benefit plans and investment trusts with respect to the full range of ERISA, fiduciary and tax qualification issues, including the design and implementation of employee benefit plans and arrangements. He served internships early in his legal career with the Office of the United States Attorney, Eastern District, Brooklyn, NY and the United States Department of Labor, Office of the Solicitor, New York, NY. He also has experience as a senior trader with Assent LLC (division of SunGard). Mr. Rosenburgh received a JD from Brooklyn Law School, Brooklyn, NY, and a BA from Cornell University, Ithaca, NY, and holds the Chartered Financial Analyst designation.