McLean, VA, January 29, 2017—NICSA announces the launch of its Strategic Leadership Forum, Disruptors Facing the Asset Management Industry. Leading financial services companies, including asset managers, mutual fund companies, broker dealers, as well as service providers and professional services firms that support the industry converge in Hollywood, Florida to share their insights on shifting paradigms in the industry.
The DOL fiduciary rule and the evolving political and regulatory landscape will take center stage at the conference and are prominently featured at the event’s general sessions. Also of note is the focus on disruptive technologies, as several interactive sessions explore the immediate and longer-term impacts that fintech may have on the investment management industry. The conference will feature keynote presentations by U.S. Astronaut Captain Scott Kelly and generational expert Hannah Ubl, as well as a Face the Membership Roundtable moderated by CNBC’s Tyler Mathisen.
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Washington, D.C. – September 12, 2019— NICSA, a leading asset management trade association, today announced the winners of the 2019 NICSA NOVA Awards, which recognize excellence in innovation and leadership within the asset management industry. Award winners are showcased each year at the NICSA General Membership Meeting and this year will be honored on October 17th in Boston.
The 2019 award winners are as follows:
LIFETIME ACHIEVEMENT AWARD
OUTSTANDING SERVICE TO THE FUND INDUSTRY - ROBERT L. GOULD AWARD
STRATEGIC LEADERSHIP AWARD
INDUSTRY INNOVATION AWARDS
McLean, VA – October 15, 2018: NICSA announces that it has elected the following new members to its Board of Directors:
The new Board members were elected at NICSA’s General Membership Meeting in Boston on October 11th. Selections were made among senior-level representatives from NICSA member firms, which are concentrated among asset managers, broker-dealers, custodian banks, transfer agents, and other professional service firms. NICSA’s Board of Directors comprises 25 voting members who collectively guide the direction and strategic mission of NICSA.
“We are very pleased to announce these new additions to NICSA’s leadership. Each new Board member brings industry experience, perspective and leadership that will help shape the future of NICSA’s contribution to the asset management community,” said Jim Fitzpatrick, President of NICSA.
BOSTON, MA – OCTOBER 2, 2018 – “The Diversity Project,” an initiative focused on increasing diversity within the asset management industry, was launched today in North America by 14 leading financial organizations. NICSA, a non-profit trade association for the global asset management industry, is the sponsor of the Project. The goal of the Diversity Project is to accelerate progress toward a more inclusive culture across all demographics including gender, ethnicity, sexual orientation, age and disability. The Diversity Project will also focus on enhancing the financial services industry brand within higher education and developing and sharing leading practices across member firms.
“NICSA has always been dedicated to providing our industry the platform, research and resources required to build stronger businesses,” said Jim Fitzpatrick, President and CEO at NICSA. “Fostering a culture of inclusiveness is foundational to that mission, as increased diversity will ensure a more sustainable industry long-term. We are proud to sponsor the Diversity Project and champion the benefits of diversity within our member firms and across the financial services industry.”
NICSA will introduce the initiative at its General Membership Meeting on October 12 by hosting a diversity panel chaired by Dan Houlihan, Chairman of the NICSA Board of Directors and Head of Northern Trust Asset Servicing, Americas. Inspired by the success of the Diversity Project in the United Kingdom, the North American chapter will bring together professionals across the industry, including asset managers, fund complexes, asset servicers, broker dealers, asset owners and professional service firms that support the industry.
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Washington, D.C. – April 4, 2019—NICSA announced the recipients of its 2019 Volunteer of the Year Awards. Honorees will be celebrated at the NICSA Strategic Leadership Forum held April 3-5, 2019 at the Sawgrass Marriott Golf Resort and Spa in Ponte Vedra Beach, FL.
“NICSA’s Volunteer of the Year Awards recognize the outstanding efforts of members who are especially dedicated to serving the NICSA community. These individuals have shown exemplary commitment as volunteers, and have demonstrated a passion around furthering best practices within the global asset management industry.” said Jim Fitzpatrick, President of NICSA.
NICSA’s many topic and events committees work to provide association members with educational content, resources, and events on top-of-mind issues within the global asset management industry. On behalf of NICSA, committee members support the association’s mission of developing, sharing, and advancing leading practices among industry participants. Each year, NICSA recognizes outstanding volunteers whose sustained contributions over the previous twelve months were deemed exceptional.
Boston - August 18, 2004. The National Investment Company Service Association (NICSA) announced today that it is partnering with Diversified Management Resources (D.M.R.) to conduct a survey to confirm the state of the securities industrys preparation for federal securities regulations that require mutual funds and investment advisers to adopt and implement a Compliance Program and to designate a Chief Compliance Officer. Mutual funds must also obtain the approval of the fund board. The compliance date is no later than October 5.
Corporate sponsors are PA Compliance, SalesLink Corporation and PFPC.
The new regulations are among the most far-reaching to be introduced in recent years. The Chief Compliance Officer for a mutual fund must certify the adequacy of compliance policies and procedures of a funds service providers, including its investment advisers. For this reason, a significant fall-out effect of the regulations is that many transfer agents, custodians, administrators and broker-dealers - which are not directly subject to the new regulations - must also prepare for the October 5 deadline if they provide services to mutual funds.
The Survey will assess steps firms have taken to date to put in place the policies, procedures and controls necessary to ensure compliance with the regulations. Also included are questions concerning securities firms experience with the Customer Identification Program and Anti-Money Laundering provisions of the USA PATRIOT ACT.
"This is a very timely project," says Barbara V. Weidlich, president of NICSA. "More than ever, compliance is a concern not only to compliance officers but to all executives in the money management business. Operations professionals, represented in the NICSA membership, have significant responsibilities for many business functions directly affected by new requirements."
Charles ONeill, principal of Diversified, noted that as was the case when the Anti-Money Laundering regulations were strengthened last year, the new rules are largely risk-based. Firms will need to determine, in the context of their own business activities, how to best meet the new requirements.
Key aspects of the new regulations include:
The survey which will be launched within the next week, with top line results tabulated and reported immediately thereafter. Participants will receive an executive summary of results at no cost. A more in-depth report will be available for $495. NICSA members will be eligible for a 10% discount.
NICSA will send an invitation to our member contacts via email; this will include a link to the online survey.
About NICSA
The National Investment Company Service Association (NICSA) is a not-for-profit trade association providing leadership and innovation in educational programming and information exchange within the operations sector of the worldwide investment industry.
NICSA membership totals more than 400 companies operating in major financial centers in the United States, Europe and Asia. The membership represents all segments of the mutual fund industry including mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services.
NICSAs services to members include education, training and networking opportunities through conferences on a wide range of industry issues and developments; specialized publications, and access to NICSAs membership directory. NICSA also offers an On-Line Learning Center featuring the Certified Mutual Fund Specialist Program, the first-ever certification program of its kind.
About D.M.R.
Diversified Management Resources, Inc is a business development consulting firm supporting the financial services community. The companys business includes a retained executive search division, a strategic resources division and a creative marketing services division.
The company is well known in the investment community. Principals of the firm have created and managed many successful research projects.
Charles ONeill, president, had a along career with leading financial companies, including Sun Life of Canada, Putnam Investments and the Colonial Mutual Funds.
Gordon Evans, principal, was for many years a chief executive of Wall Street firms. He retired several years ago from State Street Research, where he headed retirement plans sales and marketing.
Robert Goldberg, who joined D.M.R. as of August 1, is a past president of NICSA and had been managing director of Acadient, an online investment education company. He has been recognized as one of the mutual fund industrys top ten business leaders.
Washington, D.C. – May 21, 2019—NICSA, a leading trade association dedicated to fostering dialogue and connecting all aspects of the global asset management industry, today announced the launch of two new committees as it further expands its reach into the product and distribution business lines of the industry: the Alternative Investments Committee and the Separately Managed Accounts Working Group.
The Alternative Investments Committee focuses on industry standardization and best practices between product providers, distributors, and service firms. The committee will advocate for streamlining of current policies and procedures associated with the service and distribution of alternative investment products. The Committee is chaired by John Corbisero, Executive Director, Head of Traditional & Alternative Investment Operations at Morgan Stanley and Peter Tenggren, Director, Strategic Product Management, Asset Servicing Capabilities at The Bank of New York Mellon Corporation. Currently, 17 firms are represented on the new committee, including leading asset managers and platform providers.1
The SMA Working Group operates within the broader scope of the NICSA Product & Distribution Committee, which comprises senior executives from 20 investment firms. 2 “We started the SMA Working group to create a platform for constructive networking and to provide a sounding board for best practices for SMAs and model portfolios. Finding innovative ways to drive change in this evolving part of our business is critical,” said Scott Brady, who leads U.S. Product Development and Strategy at Columbia Threadneedle Investments and chairs the NICSA Product & Distribution Committee.
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Washington D.C. –April 9, 2019. NICSA announced today the release of the 2019 NICSA Transfer Agent Compliance Guide. The guide provides members of the global asset management industry with a onestop, comprehensive resource of current compliance updates and standards as they relate to the transfer agent function.
NICSA’s Transfer Agent Committee, which meets regularly to monitor and discuss trends in mutual fund transfer agent operations, compiled this centralized listing of laws, rules and regulations applicable to mutual fund transfer agents as a service to the transfer agency community. Reed Smith, a global law firm and a long-time NICSA member, vetted the citations identified by the Committee and authored Chapter introductions. The guide was produced by Donnelley Financial Solutions (DFIN), a leading global risk and compliance company and active NICSA member.
Jim Fitzpatrick, President of NICSA, stated, “NICSA’s mission is to provide a platform for industry participants to collaborate and advance best practices, and the NICSA Transfer Agent Compliance Guide is a great example of our mission statement in action. Serving as an educational resource, it leverages the depth of expertise within one of NICSA’s longest standing committees, the TA Committee. We’re very pleased to partner with Reed Smith LLP and DFIN – two thought leaders and highly regarded NICSA members – to provide this valuable benefit to our membership.”
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Wellesley, MA—June 29, 2005—The National Investment Company Service Association (NICSA) announced at the trade-association’s annual General Membership Meeting the election of a new officer, Vice-Chairman, and the election of four Directors to its Board.
Peggy Schooley, President of Evergreen Service Company was elected to the new office, Vice Chairman. Peggy joined Evergreen in 2005 from Pioneer Investments, where she was President and CEO with responsibility for the Pioneer Investment Management Shareholder Services, Inc. organization. She has over 20 years of experience in the mutual fund industry and has served for many years on the ICI Operations, Broker/Dealer, and Transfer Agent Committees and various NICSA committees. Peggy has served on NICSA’s Board since May 2003.
Also at the annual General Membership Meeting, NICSA elected the following industry executives to its Board of Directors. Each will serve for a six-year term.
New Board Members
James (Jim) Deats is a Merrill Lynch Director and Senior Vice President of Financial Data Services, Inc. Jim is responsible for managing Fund Administration, the United Kingdom Transfer Agency and Asset Transition Services (ATS), within Financial Data Services, Inc. Jim actively manages the Firm’s relationships with and operational processing for over 140 Non-Merrill Lynch Domestic Mutual Fund Companies and over 40 Merrill Lynch and Non-Merrill Lynch Offshore Mutual Fund Companies. Additionally, he manages the Transfer Agency for the Merrill Lynch United Kingdom mutual funds distributed outside of the MLPF&S distribution network. In the ATS organization, Jim is responsible for monitoring the transfer of client assets at Merrill Lynch through partnerships with over 3,000 other Financial Institutions.
Jim began his career with Merrill Lynch in 1986. He has held various positions within the organization.
Paul Heller is the Principal responsible for overseeing Vanguards Core Retail business that provides service to approximately four million clients with over $150 billion in assets. His major areas of responsibility include Client Services, Processing Services, Small Business Services and Shareholder Control. Paul has been with Vanguard for 20 years and his experience over the prior decade includes: overseeing the Institutional Defined Contribution business, the Systems Integration Division of Information Technology, and leading Vanguards Investment Only business. Prior to joining Vanguard in 1984, he worked for Mellon Bank in Philadelphia
Stephen Hooley is President and Chief Executive Officer of Boston Financial Data Services, Inc. Steve has more than 19 years of domestic and international experience in the financial services industry and specializes in the areas of strategic projects and business development.
Prior to joining Boston Financial, Steve served 11 years with State Street Corporation. In his most recent role as Senior Vice President, Steve oversaw the Deutschebank Global Security Services integration. Prior to this Steve managed the Retirement Services business for State Street. Steve’s experience also includes seven years with Texas Instruments where he was responsible for the large multi-national accounts.
Stephen Welsh is President of Columbia Funds Services, Inc. (CFSI). His scope of responsibility includes all transfer agency operational and client service functions for the $200 billion Columbia Management Group (CMG) retail and institutional mutual funds. Steve has more than 22 years of experience in the financial services industry, much of this time concentrated in mutual fund operations.
Prior to his current role, Steve was Senior Vice President with the Columbia Management fund administration division. In this role he oversaw the fund accounting and financial reporting functions for the Fleet and Columbia Common and Collective Trust Funds. Prior to this Steve held the role of SVP, Controller and Treasurer of Columbia Funds Services and was responsible for all audit, tax, budget, and treasury functions, as well as the mutual funds control group. Prior to joining CMG Steve worked for The Bradford Trust Company of Boston in their internal audit, corporate finance, and mutual fund operations divisions.
“Each of these individuals will add great expertise and industry knowledge to the NICSA Board, as well as a proven commitment to the association,” said Barbara V. Weidlich, President of NICSA. “We are fortunate to have each of these outstanding individuals join the organization’s Board.”
About NICSA
The National Investment Company Service Association (NICSA) has provided leadership and innovation in educational programming and information exchange within the operations sector of the worldwide investment industry since 1961.
NICSA membership totals more than 400 companies operating in major financial centers in the United States, Europe and Asia. The membership represents all segments of the mutual fund industry including: mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services.
NICSA’s services to members include regional meetings throughout the United States, and Europe offering a wide range of information on industry issues and developments; an annual operations conference; and specialized seminars and meetings. NICSA also offers an On-Line Learning Center featuring the Certified Fund Industry Specialist Program, the first-ever certification program of its kind.
Miami, Florida - February 18, 2008 - The National Investment Company Service Association (NICSA) announced today that Theresa Hamacher, CFA has been named President of the association, effective March 3, 2008.
"NICSA is very fortunate to have Theresa joining the organization," said Peggy Schooley, President of Evergreen Service Company and Chairman of NICSA. "We are very certain that her managerial experience, her non-profit experience and her contacts and relationships from the investment side of the business, as well as her enthusiasm for the NICSA message will strengthen our future." Schooley made the announcement before an audience of about 750 investment industry executives at the trade groups annual gathering at the Doral Golf Resort in Miami.
Theresa is the former Chief Investment Officer (CIO) for Pioneer Investment Management USA in Boston, MA, where she supervised a team of over 50 investment professionals managing more than $15 billion in global equity and fixed income assets for mutual fund and institutional clients. Previously, she was the CIO for Prudential Mutual Funds in Newark, NJ where she supervised over $60 billion in assets.
She began her career as an investment professional in 1983 and has managed portfolios with varying mandates and investment approaches. In 1984, she ran the top-performing mutual fund in the U.S., the Prudential-Bache (Tax-Managed) Utility Fund. She has appeared on "Wall Street Week".
An independent consultant and writer, Theresa is the co-author of The Pocket Idiots Guide to Investing in Stocks. She has been actively involved in not-for-profits in her community and currently serves as the President of the board of directors of The Guidance Center, Inc., a provider of developmental, mental health and family support services to children and families in Cambridge and Somerville, Massachusetts.
Theresa is a graduate of Yale College, with a major in Economics. She is a Chartered Financial Analyst.
Theresa succeeds Barbara V. Weidlich, who left NICSA in November 2007.
Contact:
Ellen Weinraub
Marketing Director, NICSA
508-683-1613
About NICSA
The National Investment Company Service Association (NICSA) is a not-for-profit trade association providing leadership and innovation in educational programming and information exchange within the operations sector of the investment industry worldwide.
NICSA membership totals more than 400 companies operating in major financial centers worldwide. The membership represents all segments of the mutual fund industry including mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services.
NICSA’s services to members include education, training and networking opportunities through conferences on a wide range of industry issues and developments, specialized publications, and access to a huge network of industry professionals in NICSAs membership directory. NICSA also offers the Certified Mutual Fund Specialist Program, the first-ever on-line learning certification program of its kind.
NICSAs website (nicsa.org) offers up-to-date information about all of the Associations programs and activities.
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