Pierpoint Perspective$
35 episodes - English - Latest episode: over 2 years ago -Roy Zimmerhansl and his partners at Pierpoint Financial Consulting bring you Pierpoint Perspective$, focusing on the world of securities finance including securities lending, repo, collateral management and related areas. In addition to the insiders from Pierpoint, listeners will hear from leading industry figures as well as influential market leaders from related areas. It’s a $10 billion dollar business so learn how to grab a bigger share of that wallet, reduce risk while doing it, stay within your ESG guidelines and identify the trends that are influencing the future. Not lending yet? Even better - learn from the experts as to what you are missing out on!
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Episodes
Securities Lending 2021 Recap & 2022 Outlook with John Arnesen
December 16, 2021 01:00 - 1 hour - 47.7 MBJoin Roy Zimmerhansl with guest John Arnesen to go through a wide ranging review of securities finance over 2021 from GameStop at the beginning of the year, through IPOs and SPACs that had a major impact on revenues, on to Korean short selling bans expiring and much much more. The episode includes a special announcement from John. Pierpoint Connections You can reach Roy Zimmerhansl at [email protected] and on LinkedIn at www.linkedin.com/in/royzimmerhansl Pierpoint website LinkedIn T...
David McIntosh, Doug Reay, Blue Fire AI & Risk Managment
June 24, 2021 12:00 - 1 hour - 46.6 MBDavid McIntosh and Doug Reay, both Managing Directors of Blue Fire AI provide listeners with fascinating insights into the use of Artificial Intelligence in portfolio risk management and investment decision-making. They provide real-life examples (such as Wirecard) of the strengths and limitations of AI in the investment process, identifying how it can be used effectively to augment human decision making, providing information that just can't be comprehensively compiled any other way. Betw...
Chris Hagstrom, Kayenta, Enhancing Hedge Fund Treasury Ops
June 16, 2021 23:00 - 1 hour - 44.2 MBChris Hagstrom CEO, Kayenta, identifies the challenges in the hedge fund treasury space and takes host Roy Zimmerhansl through how Kayenta is addressing those issues. Some themes consistent with the wider securities finance ecosystem arise, such as lack of standardisation. The problems Kayenta is looking to solve go straight to the bottom line for their clients, but what does it mean for service providers? Explore these and other topics with Chris and Roy. You can find out more about Ka...
Ben Arnold & Michael Ashby, Meraki Global Advisors
June 09, 2021 20:00 - 59 minutes - 40.9 MBBen Arnold and Michael Ashby of Meraki Global Advisors meet with Pierpoint Perspectives host Roy Zimmerhansl and speak with him on outsourced trading, the different models and the reasons why asset managers of all types may want to consider outsourced trading. There are lessons to be learned and applied to a range of businesses, including securities finance. You can find out more about Meraki at their website Reach out to Ben or Michael via their LinkedIn profiles: Ben Arnold Michael Ashby ...
Ben Arnold & Michael Ashby, Meraki Global Advisors - Outsourced Trading
June 09, 2021 20:00 - 59 minutes - 40.9 MBBen Arnold and Michael Ashby of Meraki Global Advisors meet with Pierpoint Perspectives host Roy Zimmerhansl and speak with him on outsourced trading, the different models and the reasons why asset managers of all types may want to consider outsourced trading. There are lessons to be learned and applied to a range of businesses, including securities finance. You can find out more about Meraki at their website Reach out to Ben or Michael via their LinkedIn profiles: Ben Arnold Michael Ashby ...
Darren Crowther & Vishal Agrawal - Broadridge Managing Technology Transition
June 03, 2021 10:00 - 1 hour - 52.7 MBDarren Crowther and Vishal Agrawal of Broadridge join host Roy Zimmerhansl to discuss technology - the current state; the existing and potential applications for robotics and artificial intelligence; and the disruptors that are already influencing the thinking of financial market participants. Broadridge LinkedIn connections: Darren Crowther https://www.linkedin.com/in/darren-crowther-a8103421 Vishal Agrawal https://www.linkedin.com/in/vishalagrawal1999 Pierpoint Connections You can rea...
Mark Faulkner. Credit Benchmark - Regs, Ratings & ESG
March 25, 2021 01:00 - 48 minutes - 33.6 MBMark Faulkner, Co-Founder Credit Benchmark engages in a wide-ranging discussion with host Roy Zimmerhansl covering Basel IV, Peer-to-Peer, Pledge Collateral, Indemnifications, and even 'meme stocks'. Timeline 00:00 Introduction 2:45 New developments at Credit Benchmark 6:30 Importance of Basel IV to Securities Finance 9:30 Unrated entities – wider impact than Securities Finance 16:00 Absorbing the cost, GC, Peer-to-Peer, and mitigants 18:56 Collateral eligibility and market evolution ...
Nick Bruce Regis-TR - Trade Repositories, SFTR and more
March 11, 2021 01:00 - 59 minutes - 40.7 MBThis episode features Nick Bruce, who is Head of Business Development at Regis-TR; one of Europe's leading Trade Repositories. Speaking with host Roy Zimmerhansl, Nick gives listeners his perspective on the role of trade repositories, the rollout of SFTR, the challenge and opportunities of data evolution, and more. Timeline 00:00 Introduction 3:05 What is a Trade Repository? 8:30 Breadth of Regis-TR regulatory coverage 9:40 A holistic view of data and evolution of standards 19:01 B...
QP Dufournet-Tran, IHS Markit, SFTR 6M Review Pt 2
February 04, 2021 09:20 - 43 minutes - 30 MBQue Phuong Dufournet-Tran, Trading Services & Analytics Regulatory Affairs, IHS Markit, continues with her SFTR Review, this time looking forward - what is the focus for the firms and industry participants for 2021? In January 2021, her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis and business intelligence solutions. Timeline 00:00 Introduction 2:42 The motto for 2021 - Data Qualit...
QP Dufournet-Tran, IHS Markit - SFTR 6 Month Review
January 29, 2021 07:45 - 1 hour - 41.7 MBQue Phuong Dufournet-Tran, IHS Markit, takes listeners and host Roy Zimmerhansl through a review of the progress at the six-month stage after initial SFTR implementation. Que Phuong works at IHS Markit in Trading and Services regulatory affairs, leading relations with industry associations and regulators for more than a year. In January her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis a...
Richard Comotto - SFTR 6 Month Review
January 21, 2021 07:45 - 1 hour - 44.7 MBRichard Comotto, expert securities finance consultant with a deep and rich history in repo markets gives his assessment of the first six months of the implementation of SFTR. He shares his views with host Roy Zimmerhansl, Practice Lead at Pierpoint. Richard's LinkedIn profile: https://www.linkedin.com/in/richard-comotto-14a6403 Timeline 00:00 Introduction 3:10 Initial observations on first six months 6:35 “Extraordinary effort“ required … and delivered 12:15 The positive aspects of...
Review of "Hot Trades" Blogs 2020
December 17, 2020 01:01 - 56 minutes - 38.5 MBJeroen Bakker and Roy Zimmerhansl review Jeroen's blog post series of (In)Famous Hot Trades that involve securities lending. The blog posts mentioned in the episode are listed as part of the timeline Timeline 00:00 Introduction 8:04 Wirecard https://bit.ly/HotWirecard 11:09 Grenke AG https://bit.ly/HotGrenke 15:49 GSX TechEdu https://bit.ly/HotGSXTech 20:50 Volkswagen/Porsche and “what is a Short Squeeze?” https://bit.ly/HotVWPorsche 26:39 Citigroup https://bit.ly/HotCiti 34:12 ...
Lucinda Guthrie, Executive Editor, Acuris - M&A, Capital Markets, Deals – Review and Outlook
December 03, 2020 01:01 - 45 minutes - 31.3 MBLucinda Guthrie, Executive Editor, Acuris, has been covering financial markets as a journalist for the past 15 years. She has been at the heart of deals and deal-making and she takes listeners through a review of 2020 and looks forward to 2021. You can find Lucinda on LinkedIn here Learn more about Acuris products such as Mergermarket, Dealreporter and PaRR at: https://www.acuris.com/ Timeline 00:00 Introduction 2:50 What is Acuris and why is it relevant to Securities Finance 4:15 ...
Max Budra, AIMA - Short Selling and Responsible Investment
November 26, 2020 00:57 - 51 minutes - 35.3 MBMax Budra of the Alternative Investment Management Association (AIMA) speaks with Roy Zimmerhansl about "Short Selling and Responsible Investment" a report released by AIMA in conjunction with Simmons and Simmons. Follow Max and AIMA AIMA Website Max Budra on LinkedIn Max's email: [email protected] Short Selling and Responsible Investment Timeline 4:50 EY Report – Investors place growing importance on ESG factors for Alternative Managers 7:30 Are ESG and Responsible Investment the ...
Manooj Mistry - Past, Present and Future of ETFs
November 18, 2020 23:57 - 1 hour - 43.3 MBThis week’s guest is Manooj Mistry who has been at the heart of the growth of the ETF market in Europe. Manooj shares his personal journey with Roy Zimmerhansl - the tremendous growth of ETFs in Europe over the past 20 plus years. Manooj was formerly the head of ETFs and Index Investing at DWS (the asset management division of Deutsche Bank), where he was part of the team that established the Xtrackers ETF business in 2007, Europe's number two provider by assets under management. He als...
Lynden Howie, Cantor Fitzgerald Europe - Synthetic Prime Brokerage
November 12, 2020 00:09 - 53 minutes - 36.6 MBLynden Howie, European Head of Equity Finance speaks in-depth with host Roy Zimmerhansl about Synthetic Prime Brokerage. You can follow Lynden and Cantor Fitzgerald as follows: Cantor Fitzgerald Europe (including a section on Prime Services): https://www.cantor.com/global/europe/ Lynden on LinkedIn: https://www.linkedin.com/in/lynden-howie-70948031 Show timeline 02:12 Lynden's background in Synthetic PB 05:24 What is Synthetic Prime Brokerage? 07:48 Why do investors use it? 10:56...
Roger Cohen, Portable Beta - ETFs and more!
November 05, 2020 06:54 - 57 minutes - 39.3 MBRoger Cohen, founder of Portable Beta is an investor, derivatives specialist and academic, and joins host Roy Zimmerhansl to discuss ETFs; geared, leveraged and bear funds; ESG and quantum theory. You can follow Roger's work as follows: Roger Cohen on LinkedIn: https://www.linkedin.com/in/portablebeta Portable Beta: https://portablebeta.com.au/ Betashares (where Roger is an advisor): https://www.betashares.com.au/ Quantum Theory of Toilet Paper https://www.linkedin.com/posts/portab...
Interview with Andy Dyson, CEO, ISLA October 2020
October 29, 2020 00:02 - 1 hour - 44.7 MBShow Notes Andy Dyson, CEO, International Securities Lending Association addresses a huge range of topical and challenging issues in a sweeping and fast paced one-hour interview with host Roy Zimmerhansl, Practice Lead, Pierpoint Financial Consulting. Timeline: 2:27 Reflections on ISLA/ISF Virtual Conference series 7:01 SFTR Report Card 16:22 Comments on market resilience during the 2020 market turmoil 22:20 Capital Markets Union/CSDR 32:13 Digital Transformat...
Fraser Perring - Viceroy Research - Short Selling Wirecard and other stocks
September 23, 2020 22:57 - 40 minutes - 27.6 MBThis episode features renowned short seller Fraser Perring of Viceroy Research. Perring called out Wirecard publicly and suffered the consequences of challenging a darling stock. Other major frauds followed including Steinhoff, which was a $7.4 billion fiasco. Roy Zimmerhansl asks Perring to discuss a range of matters from the psychology of short selling through to what's next for Viceroy. Show Timeline: 3:20 A background in life skills 5:25 Foreshadowing Grenke 6:44 Dealing with ...
Managing Service Providers
September 02, 2020 23:47 - 58 minutes - 40.2 MBToday's episode covers the topic of Managing Service Provider Relationships and includes a discussion on ServiceMatrix, a ground-breaking alternative to traditional vendor benchmarking. Host Roy Zimmerhansl is joined by Lawrence Inman, Senior Supplier Oversight and Relationship Manager, FundRock Partners Ltd and Andy Stephenson, Founder ServiceMatrix Show timeline: 06:02 The role of Vendor Oversight 10:00 Outsourcing services 12:35 Monitoring Performance and KPIs 16:58 Where do surv...
The Value of Exclusive arrangements
August 19, 2020 23:42 - 52 minutes - 36 MBThe Pierpoint team, Jeroen Bakker, John Arnesen and Roy Zimmerhansl discuss and debate the value of Exclusive lending arrangements. Show timeline: 03:06 What is an Exclusive? 06:50 Exclusives - just another securities lending transaction? 10:00 What value does an Agent Lender add? 13:19 Direct to a Beneficial Owner or via an Agent? 20:02 The value proposition for a Beneficial Owner 26:16 Exclusives and Cash Collateral 34:50 The future for Exclusives 41:35 Closing thoughts on...
Jeroen Bakker - Deeper dive into what Securities Borrowers want
August 13, 2020 00:01 - 1 hour - 52.2 MBJeroen Bakker, Pierpoint Benelux Consulting Lead, delves further into the issues that are important for borrowers when they are determining where to source assets from. Check out Jeroen's latest blog post on the short squeeze that drove Volkswagen into briefly reaching the position of the largest company in the world as measured by stock market capitalisation. Read the blog here Show Timeline: Time Comment 02:40 Flexibility - Ease of trading, automation and onboarding 11:57 Breadth ...
Gary Klahr, EquiLend: Building on the Past
August 05, 2020 23:36 - 29 minutes - 20.6 MBGary Klahr, Associate Director, EquiLend is interviewed by Roy Zimmerhansl and talks about standardisation, operational efficiency, EquiLend’s mission and their support for the Pierpoint white paper series “A Journey Through Time: Paper 1 – Building on the Past” White paper available here: A Journey Through Time: Paper 1 – Building on the Past Check out Roy’s MUST READ articles at the EquiLend Insight page: https://www.equilend.com/news/insight/ Follow EquiLend: https://www.equilend....
Mark Faulkner, Co-Founder Credit Benchmark talks Basel IV
July 22, 2020 22:46 - 47 minutes - 32.6 MBMark Faulkner Co-Founder Credit Benchmark addresses Basel IV issues for Securities Finance with podcast host Roy Zimmerhansl, Practice Lead at Pierpoint Financial Consulting Ltd. Stories mentioned in the podcast/other relevant material: Basel IV Rules CCP Network Creditworthiness Sub Custodian White Paper CCP Monitor Mid-July 2020 Financial Counterpart Monitor Securities Finance Use Case Menu Follow Credit Benchmark: https://www.creditbenchmark.com/ Twitter: https://twitter.co...
Comments on IHS Markit 2020 First Half Securities Lending Revenue Report
July 15, 2020 22:42 - 22 minutes - 15.7 MBPodcast Host Roy Zimmerhansl, Practice Lead at Pierpoint Financial Consulting Ltd reviews securities lending revenues for the first six months of 2020 using IHS Markit data as the source for his comments. Stories mentioned in the podcast: IHS Markit firs half 2020 snapshot: https://ihsmarkit.com/research-analysis/securities-finance-snapshot.html Lansdowne retreats from shorting: https://www.bloomberg.com/news/articles/2020-07-07/lansdowne-to-shut-main-hedge-fund-in-shift-away-from-sh...
Ali Kazimi - Taxes and Securities Lending
July 08, 2020 22:19 - 1 hour - 52.6 MBEpisode Guest: Ali Kazimi, Managing Director, Hansuke Consulting Ltd talks tax with host Roy Zimmerhansl Ali provides listeners with a tour de force on key current issues for tax in securities finance as well as the past, present and future outlook. 3:01 Why should people listen to this podcast? 4:37 Securities lending and tax - uneasy bedfellows? 8:02 Taxation - marrying accounting and legal treatments 11:11 Sen Carl Levin - US Senate Report on Dividend Tax Abuse 22:30 A change i...
The Operational Framework with John Arnesen
July 01, 2020 21:08 - 41 minutes - 28.5 MBIn this podcast, Pierpoint partners John Arnesen and Roy Zimmerhansl discuss the operational framework that is integral to the securities lending business both today and looking forward. 1:05 Why should people listen to this programme? 1:49 Are the terms “Front Office” and “Back Office” still relevant? 4:37 Trade Execution vs Trade Management 8:32 Has Coronavirus changed the appetite for Outsourcing? 12:45 CSDR and the potential for new buy-in activity for Beneficial Owners...
Shaun Murray on UMR, Collateral Management & Clearing
June 24, 2020 21:59 - 1 hour - 44.7 MBEpisode Guest: Shaun Murray, Managing Partner at Margin Reform interviewed by podcast host, Roy Zimmerhansl In this podcast Shaun provides commentary on UMR and how firms can make the most of the deferred implementation of Phase 5, the application of DLT to address documentation delays. The “Wheel of Pain” and more 3:11 Why should people listen to this programme? 3:43 UMR update 10:49 Intra-group trading issues and non-netting jurisdictions 14:50 Collateral Guru or Collateral Cz...
Interview on short selling with James Clunie, Jupiter Asset Management
June 17, 2020 23:07 - 49 minutes - 34.3 MBEpisode Guest: James Clunie - Head of Strategy, Absolute Return Jupiter Asset Management interview by Roy Zimmerhansl In this episode James shares his views and insights into the concept and practice of short selling. James joined Jupiter in 2013. He is currently Head of Strategy, Absolute Return and manages the Jupiter Absolute Return Fund (Unit Trust) as well as the Jupiter Global Absolute Return fund (SICAV). Before joining Jupiter, James worked at Scottish Widows Investment Partne...
Interview on short selling with James Clunie, Jupiter Asset Management
June 17, 2020 23:07 - 49 minutes - 34.3 MBEpisode Guest: James Clunie - Head of Strategy, Absolute Return Jupiter Asset Management interview by Roy Zimmerhansl In this episode James shares his views and insights into the concept and practice of short selling. James joined Jupiter in 2013. He is currently Head of Strategy, Absolute Return and manages the Jupiter Absolute Return Fund (Unit Trust) as well as the Jupiter Global Absolute Return fund (SICAV). Before joining Jupiter, James worked at Scottish Widows Investment Partne...
Interview with Andy Dyson, CEO ISLA
June 11, 2020 00:01 - 1 hour - 43.6 MBAndy Dyson has been leading the International Securities Lending Association as CEO for the past four years during a time of historic regulatory finalisation and roll-out. In today's episode, Andy shares his thoughts and views on industry priorities, the need for improved communications and various impending regulations. 3:40 - Review of ISLA priorities in light of COVID-19 6:30 – ISLA focus on communications 11:18 – ISLA/ISF Global Investor July webinar series 22:00 – the outlook fo...
What do Borrowers want from Lenders?
June 05, 2020 00:01 - 26 minutes - 18.5 MBJeroen Bakker and John Arnesen provide the answers to the question: What do Borrowers want from Lenders? Blog post identifying key factors for lenders in making their portfolios more attractive to borrowers: https://www.pierpoint.info/post/key-factors-in-making-securities-lending-portfolios-attractive Pierpoint website: https://www.pierpoint.info Follow Pierpoint on: LinkedIn: https://www.linkedin.com/company/pierpoint-financial-consulting-ltd Twitter: https://www.twitter.com/pi...
What do Lenders want from Borrowers?
June 04, 2020 00:01 - 28 minutes - 19.7 MBThere are dozens of banks and broker-dealers that borrow stock. So what do institutional investors and their agents look for from those borrowers? Is there one size fits all and if not, what are the key factors and differentiators? John Arnesen and Jeroen Bakker join host Roy Zimmerhansl to examine the issues. Blog post looking at how lenders choose borrowers: https://www.pierpoint.info/post/securities-lending-who-to-lend-to Pierpoint website: https://www.pierpoint.info Follow Pierpo...
Why is Pierpoint doing a podcast?
June 02, 2020 23:04 - 11 minutes - 8.1 MBIn the inaugural episode, host Roy Zimmerhansl explains why Pierpoint is launching a podcast and sets the scene for future content. He also reviews whether his 2019 year-end expectations for securities lending have been met given the tumultuous events at the start of 2020. LinkedIn article referenced in the podcast: https://bit.ly/end2019outlook Pierpoint website: https://www.pierpoint.info Follow Pierpoint on: LinkedIn: https://www.linkedin.com/company/pierpoint-financial-consulti...
Introducing Pierpoint Perspectives (Trailer)
May 26, 2020 20:46 - 1 minute - 813 KBIntroducing Pierpoint Perspectives – where we talk about the world of securities finance – including securities lending, repo, collateral management and related areas. Each week the Pierpoint partners share their insider’s views and experiences gained over many years in the business. But it’s more than that - PP brings interviews with market leaders and influential people including related such as portfolio management and trending topics including ESG. Pierpoint Perspectives – the pod...