|Thursday, May 17, 2:00-3:15||view all sessions this time|
|Asset Management||view all sessions this track|
|105-The Cash Manager's Survival Guide: Are You Equipped for Volatility?|
|The function of a corporate treasurer has evolved through dynamic markets and volatile credit conditions. While capital preservation and liquidity remain the focus of corporate cash investments, the ability to generate a reasonable yield has become challenging as most economists expect the fed funds target rate to remain near zero percent. The uncertain impacts and potential contagion stemming from the Eurozone Debt Crisis creates additional concerns for cash managers. This session will discuss these evolving market dynamics, providing corporate treasurers and cash managers with insights regarding the segmentation of operational and strategic cash and will describe how the low rate environment and changing regulatory landscape is expected to influence the short-term credit markets creating the opportunity for additional complementary investment products to money market funds
Michael Morin is the Director of Institutional Portfolio Management for money market funds within the Fixed Income Division of Fidelity Management & Research Company (FMRCo), the investment advisor to Fidelity's family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 20 million individuals, institutions, and financial intermediaries. Mr. Morin is responsible for the delivery, implementation and oversight of institutional cash management investment strategies.
Prior to joining Fidelity in 2008, Mr. Morin spent ten years at JPMorgan Chase Bank, N.A. as a managing director in the Worldwide Securities Services division. His responsibilities included the development, implementation, and monitoring of global investment strategies across the Securities Lending & Cash Trade Execution portfolio valued in excess of $300 billion. Additional responsibilities included assisting the sales efforts to prospects and reviewing portfolio performance with existing clients. Mr. Morin held various trading positions at The Bank of New York Mellon Securities Lending Division for ten years prior to joining JPMorgan.
Mr. Morin earned a bachelor of science degree in Finance and Quantitative Methods from Syracuse University and a MBA from Fordham University. He also is a CFA charter holder.