Conferences & Education
Bond Graduate School
July 22, 2009
Hilton San Francisco Financial District
Click here to Register Online
Click here to Print Registration Materials
Advanced investment strategies for community banks including:
- Investment marketplace mechanics
- Pricing models
- Concepts and structures
- Accounting Issues (OTTI and Mark-to-Market)
- Advanced methodologies
Bond Graduate School is ideal for those who have completed WIB Bond University or have a minimum of five years of experience dealing with bond/bank investment issues, concepts and portfolios.
Who Should Attend
- CEOs
- CFOs
- Controllers
- Investment Managers
Why You Should Attend
During these times of unparalleled economic chaos it is critical for community banks to look at areas of risk, methods to minimize exposure and make the best use of the bank’s investment options to protect the net interest margin.
Bond Graduate School, our advanced bank investment training program, provides an in-depth understanding of investment marketplace mechanics, pricing models, concepts, structures, accounting issues and advanced methodologies.
For basic bank investment training, consider Bond University.
Schedule
| Wednesday, July 22, 2009 | |
| 8:30-9:00 am | Registration & Continental Breakfast |
| 9:00-10:00 am | Economic Overview Will Taylor, SVP, Vining Sparks - Review of credit default swaps - Forward-looking analysis of yield curve |
| 10:00-11:00 am | Current Accounting Issues John Pender, CPA & George Hancock, CPA, CFA, Vining Sparks - Impact of OTTI on the investment portfolio - Common arguments against OTTI - Comparison of mark-to-market vs. mark-to-model - Is economic market value a viable argument? |
| 11:00 am-Noon | Analysis of Whole Loan CMOs George Hancock, CPA, CFA, Vining Sparks - What is a good model? - What are accurate assumptions? - Structure, structure, structure – all deals are not the same |
| Noon-1:00 pm | Lunch with Networking |
| 1:00-2:00 pm | Using A/L to Position the Bank for Rapidly
Rising Interest Rates Will Taylor, SVP, Vining Sparks |
| 2:00-3:00 pm | Interest Rate Swaps Rick Redmond, SVP, Vining Sparks - How to effectively use Interest Rate Derivatives to protect net interest margin |
| 3:00-4:00 pm | Whole Loan Purchases Wade Walker, SVP, Vining Sparks - An alternative to OTTI issues |
Forum Speakers
George A. Hancock, CFA, CPA, Vice President
George has been involved in financial analysis and investment consulting for financial institutions since 1982, beginning his career at Arthur Young & Co. (now Ernst & Young).
From 1986 to 1987, George served as the senior vice president and controller of a multi-billion dollar financial institution, and in 1987, began his career with Union Planters Bank (and later Vining Sparks via merger in 1990). George worked in the Portfolio Strategies division helping institutions determine the impact of tax, regulatory and accounting changes on the asset/liability management of the institution.
George later held the position of trader on the Capital Markets Desk and was involved in the acquisition and disposition of more than $1 billion of mortgage and consumer loan portfolios.
John Pender, CPA, Vice President
John has been involved in the banking and investment business since 1996 and is currently vice president of sales in the Portfolio Management Group of Vining Sparks. He serves institutional clients nationwide with proprietary services in the areas of asset liability management and investments. John previously worked in investment strategies, which provides research and technical assistance to the firm’s customers and sales representatives, focusing on asset-liability management, portfolio analysis, policy review, and regulatory compliance.
Prior to joining Vining Sparks IBG, L.P., John was employed by PricewaterhouseCoopers for five years where he performed both external and internal audit procedures on financial services clients, including review of the allowance for loan loss, financial statement preparation, investment analysis and compliance with policies regarding loan/deposit operations.
Rick Redmond, CMA, Senior Vice President
Rick currently serves as head of marketing and trading for Vining Sparks Interest Rate Products, LLC. He previously served as executive managing direction of the Derivative Products Group for a regional broker dealer after serving as the head of the ALM Advisors Group.
Rick has 25 years of experience with large regional banks, where he held senior treasury and corporate planning positions with responsibilities including the customer derivative business, mortgage servicing hedging, interest rate risk management, loan pricing and risk-adjusted performance management. Rick has managed derivative positions hedging more than $200 billion in assets.
William M. J. Taylor, Director, Senior Vice President
Will has been involved in the banking and investment business since 1986. His career began as an employee of Shelby County, TN working in the investment and distribution of public funds. Will later moved to the correspondent banking group of Union Planters Bank. Under his management, the group grew to over $3.5 billion in warehouse lending.
Will was appointed to a number of key committees and subcommittees of the Mortgage Bankers Association of America. In addition to working in the lending area, he was active in the trading operation. During his tenure he oversaw the financing and securitization of collateralized mortgage backed obligations (CMOs), fixed and adjustable mortgage backed securities (with emphasis on multifamily projects) and Small Business Administration loan securities. Will joined Vining Sparks as a result of a combination of the Union Planters dealer operation with Vining Sparks in September 1990.
Wade Walker, Senior Vice President, Vining Sparks
Wade has over 22 years experience in fixed-income capital markets and focuses on non-agency mortgage sales and securitization. Over his career, Wade has brokered over $5 billion of loan packages and was the lead underwriter on $20 billion of CMO/ABS deal.
Registration Fees
Early Bird (through June 1)
Member Bank: $390
Nonmember Bank: $440
Regular (after June 1)
Member Bank: $440
Nonmember Bank: $490
Banks in organization or WIB Banks Members open less than three years take $200
off the above fees.
Money Back Guarantee
If you are not completely satisfied with this Forum, we will provide a full
refund of your registration fees.
CPE Credit
Up to 6.0 CPE Credits may be available upon completion of the program.
Cancellation Policy
Cancellations received 61+ days before event receive full
refund, 30-60 days prior to the event will receive a 50% refund, (minus $75
processing fee). No refunds can be issued for cancellations within 30 days of
the event. Substitutions welcomed. We are not responsible for airfare penalties
incurred due to the cancellation of this program.
The WIB Guarantee
Contact us within 10 days of the program if you are not
completely satisfied and we’ll refund your registration fees.
Hotel Information
Hilton San Francisco Financial District
750 Kearny Street
San Francisco, CA 94108
Soaring 27 stories over the “city by the bay”, the
Hilton San Francisco Financial District hotel offers stunning panoramic views
and
a perfect location for business travel.
Reservations: (800) 424-8292 or (415) 433-6600
Room Rates: WIB has secured a group rate of $149 Single/Double, plus taxes (currently at 14.065%), good for 3 days prior to and after the program dates. This rate is being offered on a space availability basis. Be sure to mention Western Independent Bankers to receive the group rate.
Reservation Deadline: July 6, 2009
Cancellation: By 6:00 pm the day before arrival
Rental Car Discount
Special discounts are available with AVIS Rent-A-Car. Call AVIS at (800) 331-1600 and mention group code J990669.
Air Travel
Convenient to both San Francisco (SFO) and Oakland (OAK) International Airports. Both airports are served by BART (public transportation). Exit at Montgomery Street.