David Joyce is a senior technology and investments leader with a proven track record leading Operations, Risk, and Technology teams that devise and implement agile solutions to mitigate risk, increase scale, and build a culture of operational excellence.
Over the last year, David has been Cutter’s operations and derivatives SME in the asset management and investments industries providing his clients with leadership, advice and rolling-up his sleeves to pitch-in as part of the team.
Previously, David spent 20 years at American International Group (AIG), initially managing the Operations team supporting Stable Value Wraps and Municipal Guaranteed Investment Contract businesses. He was instrumental in front-to-back workflow optimization and change management initiatives during a period of dramatic product growth. He successfully led the design, development, and implementation of several proprietary, purpose-built applications that streamlined Portfolio Management, Risk Monitoring and operational processes.
As Operations Manager of the Global Derivative Operations and Change Management Team, David led his colleagues through the challenges of the Financial Crisis. He headed a global team responsible for daily margin calls, reconciliations, and collateral optimization for $2.0 trillion notional portfolio of CDOs, Swaps, Swaptions, Futures, FX Options and other highly complex derivatives. During the Financial Crisis, David and his team provided daily reporting and commentary to management, Federal Reserve and U.S. Treasury officials. In addition, he optimized workflow and maintenance of derivatives portfolios across all of AIG to a single support group, trading desk, risk team and trade booking application.
For the last 11 years at AIG, David was Vice President, Global Investment Operations, Risk and Transformation. He was a senior member of an operations and technology consulting team that implemented innovative tactical and strategic solutions his global business partners. He led over 40 employees in multi-disciplinary, teams that performed Investments and Insurance operations, Regulatory and Control supervision, IT support, and facilities management. He was a recognized subject matter expert on control matters as they related to SIFI, SEC, SOX, Operational risk and controls, internal and external audit, Federal Reserve supervision, and state regulation, and pioneered the formation of the U.S. Operations Control Group to independently monitor and mitigate operational risk throughout the asset management business value chain.
David holds a B.S. in Finance and Insurance from the University of Hartford.
Tom Phipps has more than 25 years of experience in the investment management industry, with a background in the automation of the investment process including portfolio management, risk analytics, trading, compliance, performance, and technology integration. Tom heads up the Operational Strategies practice and provides strategic advice services to our asset management clients and delivers leading industry perspectives at our client events and conferences. His consulting experience includes strategic advisory engagements for some of the world’s most prominent investment management firms. Tom gained his expertise in technology and operations at software vendors and asset management firms, where he held leadership roles in technology management. Tom holds a B.S. in Operations Management and an M.I.S. from Florida State University.
Mary Storrs has more than 30 years of experience in the investment management industry. She has been with Cutter Associates for more than 20 years, first as a consultant focusing on front office projects, and then with CutterResearch since its inception. Mary has authored CutterResearch reports on many topics, including trading, portfolio management, transaction cost analysis, investment research management, and market data systems. She led the Research division, and the Benchmarking team for eight years, overseeing all content development and helping members understand their capabilities compared to industry peers and best practices. She assumed leadership of Strategy in 2019 and is responsible for spearheading firm-wide management programs. Mary holds a B.S. from Boston College and an M.B.A. from Babson College.
Katherine Oliverio is a vice president and manager of the Derivatives Legal team, which is responsible for counterparty onboarding for AB derivatives users globally. Her role includes negotiating documentation regarding over-the-counter derivatives, cleared swaps, futures, listed options, prime brokerage, repurchase agreements, foreign exchange, mortgage-backed securities and securities lending. Katherine also tracks global regulatory developments related to derivatives. She is a member of AB’s Counterparty Risk Committee and Clearing Oversight Committee, and she is a voting member of the ISDA Determinations Committee. Before joining the firm, Katherine worked in the legal department of Barclays, where she was a member of the Prime Brokerage Contract Negotiation Specialist Group. Katherine began her career in the Counterparty Risk Solutions department of S3 Partners. She holds a BBA in finance from Pace University in New York City.
David Stump manages a team in Federated Investors’ Global Trading Operations that is responsible for daily derivative and collateral management operations across the entire Federated complex of funds, supporting ETDs, OTCs, options, FX, TBAs, and Federated’s equity short book. He is also responsible for the implementation of risk controls while adapting to an evolving regulatory landscape. Prior to joining Federated in 2008, Dave spent five years at the Bank of New York Mellon. He earned his B.S. from the University of Pittsburgh.