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The leading knowledge platform for the financial technology industry

A-Team Insight Webinars

Recorded Webinar: Best practice approaches for corporate actions automation

18 November 2021

Demand for timely and accurate corporate actions data is growing as volumes and complexity rise, and financial institutions acknowledge the increasingly costly gap between accurate corporate actions processing in real, or near-real, time and faulty processing caused by poor data and resulting in missed opportunities to optimise revenue.

While many firms currently process parts of corporate actions manually, the need in today’s digital markets is to automate processing, reduce manual intervention, cut down costs, and improve client service levels.

Of course there are challenges, such as data sourcing, quality, consolidation and distribution, but there are also solutions. These ease the burden of corporate actions processing by taking an holistic approach to event lifecycles and sourcing high quality, accurate and timely data that fulfils, but does not overreach, the corporate actions processing requirement.

The webinar will cover:

  • The importance of tracking increasing volumes of corporate actions
  • Problems caused by manual intervention and compromised data
  • Best practice approaches to automating corporate actions processing
  • How to source and ensure high quality, accurate and timely data
  • Benefits of getting corporate actions right, penalties of getting them wrong

Speakers:

Yodit Kidane-Taggart, Head of Global Custody Product Development for Portfolio Services, BNY Mellon

Thomas Bistany, Associate Director, Trade Support and Corporate Actions, RBC Capital Markets

Kerry White, Independent Advisor and Corporate Actions Specialist, Formerly JP Morgan & BNY Mellon

Maureen Gallagher, Head of Enterprise Reference Data, Bloomberg LP

Neil Sheppard, Global Head of Business Development Asset Servicing, SmartStream

Moderator: Sarah Underwood, Editor,
A-Team Group

More about our speakers:

Thomas Bistany
Associate Director, Trade Support and Corporate Actions
RBC Capital Markets

As a Series 7 FINRA registered rep. Tom has spent much of his career closely supporting Capital Markets desks trading a wide array of products.

Since 2018 Tom has headed the Mandatory Corporate Actions team at RBC supporting desks in the US and Canada. Tom’s latest project is leading the expansion of RBC’s Street-Side US Fixed-Income Corporate Actions team in Canada.

Since 2016 he’s managed the QSG Trade Support team for newly formed strategies in NY, Toronto and the Bahamas. Before that he oversaw the operational transition of the Global Arbitrage Trading division of RBC.

Tom completed his undergraduate from Syracuse University in 2009. He joined JP Morgan Securities LLC in 2009 and then RBC Capital Markets in 2013.

Kerry White
Independent Advisor and Corporate Actions Specialist
Formerly JP Morgan & BNY Mellon

Kerry has been part of the financial services industry for over 30 years and currently serves as an Independent Advisor to Asset Management and Asset Servicing Firms, on various topics including Reference Data Management. Prior to this position, Ms. White was a Managing Director at BNY Mellon and J.P. Morgan where among various roles she led Asset Owner product strategy, and new product implementation and commercialization globally.
 
Prior to entering the Custody industry, Ms. White spent 8 years managing the middle and back office activities of an Investment Management firm, including all pricing, reference data, performance measurement, and portfolio reporting.
 
Ms. White holds a Bachelor of Science in Finance from Villanova University, and a Master of Business Administration from Southern New Hampshire University.

Yodit Kidane-Taggart
Head of Global Custody Product Development for Portfolio Services
BNY Mellon

Yodit Kidane is the Global Head of Custody Product Development for Portfolio Services at BNY Mellon. Yodit has 15 years of experience in securities services where she has served in several roles across product, markets sales & trading, and operations. Prior to joining BNY Mellon, Yodit spent 13 years at JPMorgan’s Equities Markets organization.

Yodit received her B.A. in finance and mathematics from Howard University.

Maureen Gallagher
Head of Enterprise Reference Data
Bloomberg LP

Maureen Gallagher is the Global Head of Enterprise Reference Data at Bloomberg. Bloomberg’s Enterprise Reference Data includes coverage of all asset classes and includes nearly 13 million active instruments and a broad data model of nearly 7,000 fields. In her role, Ms. Gallagher is responsible for managing the Reference Data products covering Terms & Conditions Data, Corporate Actions and Legal Entity Data.

Prior to holding this position, Ms. Gallagher was an Enterprise Data Product Manager for Bloomberg’s Corporate Actions, Bloomberg Dividend Forecasting and Fixed Income Reference Data. She joined Bloomberg’s Global Data Department in 2010, managing data teams in Princeton and New York focused on the procurement and management of various Fixed Income, M&A, Equity Capital Markets and Private Equity datasets. Ms. Gallagher holds a Bachelor of Science in Finance from Lehigh University.

Neil Sheppard
Global Head of Business Development Asset Servicing
SmartStream

Neil Sheppard is Global Head of Business Development for Corporate Actions solutions and services. His focus is on expanding the firm’s presence in the asset servicing sector. Bringing over 30 years of banking and fintech experience, Neil helps firms to accelerate their business growth strategies.


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