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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