June 24, 2020
Transitioning from LIBOR:
Next Steps and Best Practices for Asset Managers & Owners
Join Charles River's Explore & Learn webinar series. Discover new ways to leverage the Charles River Investment Management Solution as our product experts discuss and demonstrate the latest product capabilities.
Product expert, Ephraim Hirschfeld, Charles River; regulatory specialist Lauren Davides, State Street; and Rachel Canning, State Street Global Advisors® continue our Explore & Learn webinar series and discuss how our LIBOR strategy is evolving.
The pending replacement of LIBOR will significantly impact operational and investment processes for asset managers and owners. The industry is still far from agreeing on various aspects of phasing out LIBOR exposure from their books. With the new market challenges introduced by Covid-19, LIBOR replacement continues to be at the top of the agenda and will remain there for the foreseeable future.
Charles River, State Street and State Street Global Advisors have continued to analyse the impact of the replacement on our technology and services and how we can support the eventual LIBOR replacement benchmark(s) and workflows necessary during the transition.
- What we're hearing from asset managers and asset owners globally
- Charles Rivers IMS readiness: analytics and valuations
- How State Street Global Advisors are preparing for their LIBOR transition
- Broader involvement with the State Street ecosystem
The webinar is a 35 minute presentation and discussion followed by Q&A.
Product Manager, Charles River Development
Ephraim is responsible for managing the Analytics product team at Charles River. Ephraim has over 10 years’ experience in buy-side financial services, specializing in ex-ante risk modeling, analytics, derivatives and fixed income securities. Prior to joining Charles River, Ephraim served in product management and risk management consulting roles at Intercontinental Exchange and Wilshire Associates respectively. Ephraim holds an MS in Mathematical Finance from the University of Southern California.
Regulatory and Market Insights, State Street
Lauren Davides joined State Street in 2013 and currently leads Regulatory and Market Insights within the Product organization. She is responsible for overseeing internal and external education around the operational effects of new regulations for asset manager clients in the US, along with education around global market trends. Previously she was involved in the commercialization and development of State Street’s SEC Reporting Modernization solution, and prior to that focused on business and product development for Fund Administration services. Lauren started her career in audit at Deloitte and transitioned to consulting prior to joining State Street.
Lauren is a CPA licensed in Massachusetts and holds a bachelor’s degree in accounting and a bachelor’s degree in finance, both from the University of Illinois Urbana-Champaign. She co-chairs the MSCPA Registered Investment Companies Committee and is also a member of multiple industry association committees, including ICI, NICSA and ARRC.
State Street Global Advisors
Rachel is a Vice President of State Street Global Advisors (SSGA) Limited and currently Head of the EMEA Project Management Office. Since joining SSGA in 2005, Rachel has held a number of management roles within SSGA including GFI & Currency Ops, FID Portfolio Administration, and was a founding member of the EMEA Project Management Office.
Within the PMO, Rachel manages a team of Project Managers to cover initiatives across the business at both a regional and global level. Rachel has worked across a variety of process development, transformation and implementation projects during her time in the PMO working with most SSGA teams as well as other State Street business lines and external partners. As a Project Manager herself, Rachel has also delivered a number of regulatory projects including MiFID and GDPR, prior to taking the role as global lead for SSGA’s LIBOR transition. Rachel graduated with a Bachelor of Arts (Hons) in Maths & American Studies from the University of Liverpool, England.