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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Boston, MA, October 7, 2019—Leading asset management trade association NICSA is less than two weeks away from the start of its 2019 General Membership Meeting (GMM), taking place in Boston.
Each year, the GMM brings together innovative and forward-thinking asset management industry leaders for robust discussions on the topics shaping the space. On October 17, experts from across each of the key disciplines in the fund business will be arriving in Boston to share thoughts on emerging technologies, navigating the regulatory landscape, and staying ahead of the rapid pace of change in asset management.
“The asset management industry is undergoing a period of tremendous change and now, more than ever, it is important for participants across all facets of the business to connect and help advance best practices,” said Jim Fitzpatrick, President and CEO of NICSA. “We have an exciting program planned for the GMM and I look forward to all of the compelling discussions and actionable next steps/strategies that will help move our industry forward.”
Contact:
Alyssa Gagen
Director of Social Media and Marketing, NICSA
508-485-1500
McLean, VA, December 11, 2014—NICSA announced the keynote speakers for the 2015 NICSA Strategic Leadership Forum (33rd Annual Conference), to be held in Hollywood, FL, February 8-10, 2015. This year’s conference will showcase ideas, best practices and strategies to help operations executives drive success in today’s complex business environment.
“Today’s operations environment is tightly interconnected, leaving operations executives needing a broad view to improve results in their area of responsibility,” says Theresa Hamacher, President, NICSA. “This year’s conference brings these individuals together to develop, share and advance leading practices.”
To coincide with this year’s theme, the keynote speakers for the 2015 NICSA Strategic Leadership Forum include:
The 2015 NICSA Strategic Leadership Forum will also feature more than a dozen sponsored breakout sessions, expert speakers and networking opportunities to advance attendees outreach within the global investment management industry.
About NICSA
NICSA is a not-for-profit trade association, founded in 1962, that facilitates collaboration to develop, share and advance leading practices for participants within the global investment management community. NICSA forums align and educate associates of asset managers, distributors, and service providers through discussion and sharing of leading practices to support and enable industry efficiency; formal education and knowledge programs; and content development and information dissemination. NICSA aims to provide a platform through which broad industry participants can collaborate to develop, share and advance leading operating practices that enable and improve industry efficiency. For more information about NICSA and how to become a member, visit nicsa.org
Luxembourg - September 14, 2004. The National Investment Company Service Assoiation (NICSA) and the Association of the Luxembourg fund industry (ALFI) are deepening their cooperation. Thanks to an agreement that has just been signed in Luxembourg, the two associations and their members will be better placed to meet the challenges posed by the increasing globalization of the investment fund and financial services industries.
NICSA, which was created more than 40 years ago, is a not for profit trade association serving the operations sector of the investment industry. Its membership totals more than 400 mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services based in the United States and in 15 other countries, notably in Europe and Asia.
Created in 1989, ALFI has a membership comprising more than 800 Luxembourg domiciled investment funds and some 80 administration agents, custodian banks, professionals of the financial sector, consultants, auditors and specialized service providers to the investment fund industry.
This alliance represents a formalization of the cooperation and goodwill that has existed between the two associations for many years and is best illustrated by the joint organization of the Annual Europe-USA Investment Funds Forum, a two day international conference held in Luxembourg early each autumn.
The associations have agreed to address issues of mutual interest together and to advance the exchange of information between each other and both with and between their members. Working groups will identify areas for joint research, the results of which should benefit the members of both associations.
ALFI and NICSA also emphasize their determination to continue the joint organization of the annual "ALFI-NICSA Conference", which will cover topics related to investment fund operations, distribution and administration in a cross border and international environment, with a special focus on EUROPE-USA relationships. In this context, both partners agreed to encourage the regular exchange of speakers at their main events and conferences.
McLean, VA, January 31, 2017—NICSA announces the winners of the 2017 MVP Awards at the NICSA Strategic Leadership Forum held from January 29-31, 2017 in Hollywood, Florida.
NICSA’s committees work on behalf of the organization to provide its members with content, resources, and events to keep up-to-date on evolving issues within the global investment management industry. By doing so, the committees support NICSA’s mission of developing, sharing, and advancing leading practices among industry participants. Each year, NICSA recognizes certain volunteers whose sustained contributions over the previous twelve months were deemed exceptional by the committee co-chairs.
Edward J. Falvey, retired industry leader and long-time NICSA supporter honored MIAMI, February 21, 2007 - The National Investment Company Service Association (NICSA) awarded it’s highest honor, the NICSA Lifetime Achievement Award, to Edward J. Falvey during a ceremony on Wednesday at the association’s 25th Anniversary Annual Conference and Expo at the Doral Golf Resort in Miami, Florida.
The Board of Directors of NICSA awards the Lifetime Achievement Award only rarely, when an individual has had a successful career in the mutual funds industry, and also has made a significant contribution to the success of NICSA. The NICSA Lifetime Achievement Award honors Ed Falvey for having distinguished himself in both of these categories.
Ed’s career began in the banking world at New England Trust Company in Boston in the 1950’s. He managed the Mutual Funds Group at New England Merchants Bank until he moved to The Keystone Group in Boston in 1978. Ed had a distinguished career with Keystone and The Evergreen Group, where he served as President of the Evergreen Service Company until his retirement in 1998.
During his career, Ed also found time to teach at Northeastern University’s evening division and to participate in his church and community.
Ed has been a longtime supporter of NICSA and an outstanding leader within the organization. He served on the Board of Directors from 1974 until 1980. He was the Treasurer from 1975 –1978 and the President/Chairman from 1978-1980. He provided leadership on several executive steering committees including the National Education Committee, the Executive and Nominating Committees and the Membership and Marketing Committee. Ed was the Program Chair for the first NICSA Annual Operations Conference 25 years ago and has served on the East Coast Committee from its inception through present. To this day, he serves on the NICSA Board of Directors exofficio.
Ed has been mentor, confidant, advisor and friend to generations of NICSA boards, committees and individuals. The announcement of the award drew a standing ovation from the crowd of over 700 investment industry executives who were in attendance at the Association’s annual gathering. Also in attendance, was Ed’s wife of 48 years, Barbara Falvey. Ed resides in Hingham, MA.
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.
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.
McLean, VA, October 5, 2017—NICSA announces the kick off of its General Membership Meeting, Leveraging Innovation to Drive Growth, on October 5. Leaders in the asset management industry converge in Boston to share their insights regarding developments in innovation and opportunity. Attendees will have access to diverse perspectives from all segments of the industry on key business themes, including FinTech applications, product and distribution trends, and human capital management strategies.
Keynote presentations will include Paul Schott Stevens, President and CEO of the Investment Company Institute, as well as Jeremy Gutsche, CEO of TrendHunter.com, one of the most sought-after authorities on disruptive innovation. The conference will also feature a Chief Technology Officer Roundtable, ReImagining Asset Management, where high level executives from industry innovators Eaton Vance, Morgan Stanley, and Putnam Investments will explore how financial institutions can leverage technology programs to drive growth.
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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