Thursday, May 6, 3:45 - 5:00 view all sessions this time
Asset Management    view all sessions this track
104-Best Practices in Establishing Formalized Investment Guidelines
Whether your company is a net borrower or a net investor, it is beneficial to establish investment guidelines, procedures and controls. And yet recent surveys show that a good percent of middle market companies still do not have formalized policies. The process of developing guidelines can help clarify risk tolerance, prioritize investment objectives and align key stakeholders (for example, board, CFO, CEO) within your organization, regardless of its size. For many companies that do not have investment guidelines, the biggest challenge lies with getting started. And for companies that already have policies in place, it is important to review and refresh them periodically.  During this session our client panelists will discuss best practices they have in place for their investment practices and guidelines for their companies.
Learning Objectives:
Investment philosophy, which prioritizes objectives for your investment portfolios
Investment approach, which defines the rules for choosing investments aligned with objectives
Oversight procedures and defined disciplines around auditing execution against guidelines
Education required for investment managers
Moderator:
Thomas Mullen, Bank of America Merrill Lynch
Tom is the Northeast Regional Manager of Bank of America Merrill Lynch’s Global Liquidity Solutions. His team provides a full continuum of short term fixed income and deposit solutions to commercial, non-profit, and municipal clients helping them effectively manage their excess working capital needs. 

Tom has over 26 years of diverse fixed income sales and trading experience with Banc of America Securities, Fleet Securities Inc. and the Shawmut Capital Markets group. He has a Bachelor of Arts degree in Economics from Central Connecticut State University.

Panelists:  
Joseph Hobson, Principal Financial Analyst, NSTAR

Jeremy Payson, Assistant Treasurer, Big Y Foods

Roland C. Price, Treasurer, Tufts Health Plan 

Jack Wagner, Treasurer, Harbourvest Partners, LLC
Jack Wagner is Vice-President & Treasurer at HarbourVest Partners LLC, a leading global private equity investment firm, where he is responsible for all aspects of treasury management, including global cash management, foreign exchange, credit arrangements, hedging strategies, and risk management. 

Prior to joining HarbourVest, Jack was Vice-President & Treasurer at Sensata Technologies B.V. His previous positions include VP & Assistant Treasurer of Cabot Corporation, Director of Treasury Services of American Power Conversion Corporation, and various finance roles with Digital Equipment Corporation in France, the Netherlands and the U.S. 

Jack received a BA from the University of Connecticut in 1981 and an MBA from the University of Hartford in 1986.