INVESTMENT MANAGEMENT CONFERENCE

Program

All program times are shown in pacific time (PT).

Sunday, March 16 | Monday, March 17 | Tuesday, March 18 | Wednesday, March 19

4:00–6:30 p.m.

Conference Registration

5:00–6:30 p.m.

Welcome Reception 

5:00–5:30 p.m.

Emerging Leader Meetup

7:00 a.m.–4:15 p.m.

Conference Registration

7:00–8:30 a.m.

Breakfast

8:30–8:35 a.m.

Welcoming Remarks

Stefanie Chang Yu
Managing Director
Morgan Stanley Investment Management Inc.

8:35–8:55 a.m.

ICI General Counsel’s Address

Paul Cellupica
General Counsel
Investment Company Institute 

9:00–9:30 a.m.

Keynote Remarks

Mark T. Uyeda
Acting Chairman
Securities and Exchange Commission

9:30–10:30 a.m.

General Session

Challenges and Opportunities: Assessing the Fund Industry’s Regulatory Future

While the SEC’s rulemaking agenda for funds and advisers promises to look very different beginning in 2025, the industry’s multi-faceted policy challenges remain. Potential opportunities also may arise. This panel will explore what the industry can anticipate in the coming years.

Matthew Thornton, Moderator
Deputy General Counsel, Financial Regulation
Investment Company Institute

Christopher R. Bohane
Senior Vice President and Deputy General Counsel
MFS Investment Management

Fran M. Pollack-Matz
Deputy General Counsel
T. Rowe Price Associates, Inc.

Eric Purple
Partner
Stradley Ronon Stevens & Young, LLP

Kristin Solheim
Senior Government Affairs Officer
Investment Company Institute

Sarah G. ten Siethoff
Deputy Director and Associate Director, Rulemaking Office
Division of Investment Management
Securities and Exchange Commission

10:30–11:00 a.m.

Refreshment Break

11:00–11:45 a.m.

Concurrent Panels

• Session A: New Regulations, New Products, New Technologies – Oh My! CCO Perspectives in a Changing World

  On top of their day-to-day responsibilities, Chief Compliance Officers continue to face challenging new demands. Hear from some of the many highly qualified CCOs on current challenges and what they are doing to address them.

  Kenneth C. Fang, Moderator
  Associate General Counsel
  Investment Company Institute

  Brian L. Harris
  Adviser and Funds Chief Compliance Officer
  State Street Global Advisors

  Todd Kuehl
  Head of Compliance, Americas & Chief Compliance Officer
  Invesco Advisers, Inc.

  Christy Sears
  Chief Compliance Officer
  American Beacon Funds

  Matt Wolfe
  Chief Compliance Officer & Chief Legal Officer
  GuideStone Funds

• Session B: Legal and Operational Issues Around Advisers’ Use of AI

  Technology has revolutionized financial services firms’ ability to operate more efficiently, and offer investors innovative, cost-efficient products and services, as well as critically important investment education and tools. In this panel, we will focus on emerging AI technology and how advisers can harness its potential as a transformative tool. We will discuss the current and potential uses of AI in the asset management industry, the risks around AI and how firms manage those risks within their governance structures and the current regulatory framework for advisers and funds.

  Mitra Surrell, Moderator 
  Associate General Counsel
  Investment Company Institute

  Sarah A. Bessin
  Senior Associate General Counsel
  Franklin Templeton

  Michael W. McGrath
  Partner
  Dechert LLP

  Danielle Nicholson Smith
  Managing Counsel
  T. Rowe Price Associates, Inc. 

  Justin Williams
  Director, Legal and Compliance
  BlackRock

• Session C: Whac-a-Mole: Keeping up with the States

  Much like the beloved carnival game, states are increasingly popping up with laws and regulations that have a real impact on the industry and investors. This session will provide a landscape of critical state actions impacting ESG, AI/privacy, abandoned property, and more. Panelists will provide updates on the latest developments and actionable insights on what is being done to address these issues. We promise not to bore you with blue sky filings!

  Amy McDonald, Moderator
  Associate General Counsel
  Investment Company Institute

  Jennifer C. Borden
  Principal
  Borden Consulting Group, LLC

  Robert Kennedy
  Associate General Counsel, Regulatory
  Edward Jones

  Amy D. Roy
  Partner
  Ropes & Gray 

  Phillip J. Wiese
  Associate
  Morgan, Lewis & Bockius LLP

11:45 a.m.–1:30 p.m.

Lunch on your own

1:30–2:00 p.m.

Keynote Conversation

Natasha Vij Greiner
Director, Division of Investment Management
Securities and Exchange Commission

Dorothy Donohue
Deputy General Counsel, Securities Regulation
Investment Company Institute

2:15–3:00 p.m.

Concurrent Panels

• Session D: Fund Governance in a New Era

  What are the opportunities and challenges for independent directors at a time when we could see dramatic policy changes, rapid product innovation, and complexity in oversight responsibilities? How can fund boards, and the experts who advise them, prepare for this environment? Join this session for an engaging discussion on these and other crucial questions that could shape fund governance.

  Thomas T. Kim, Moderator 
  Managing Director
  Independent Directors Council

  Anne C. Choe
  Partner
  Simpson Thacher & Bartlett LLP

  Keith Hartstein
  Independent Director
  PGIM Funds

  Kate Ives
  Independent Director
  Transamerica Mutual Funds

  Paul S. Williams 
  Independent Director
  American Funds

• Session E: Full Disclosure: Implementing the Names Rule and Addressing Other Fund Disclosure Issues

  Disclosure is a foundational element of fund regulation and compliance, and fund disclosures are constantly evolving in response to regulatory change and current events. This panel will discuss disclosure-related issues relating to funds’ implementation of the SEC’s 2023 amendments to the Fund Names Rule. The panel will also discuss fund registration and disclosure trends and issues, including current areas of focus for the SEC disclosure review and accounting staff.

  Erica Evans, Moderator 
  Assistant General Counsel
  Investment Company Institute

  Laura A. Bautista
  Associate General Counsel
  The Vanguard Group, Inc.

  Timothy Moon
  Senior Counsel
  Capital Group 

  Corey F. Rose
  Partner
  Dechert LLP

  Michael Spratt
  Assistant Director, Disclosure Review and Accounting Office
  Division of Investment Management
  Securities and Exchange Commission

• Session F: Trillion-Piece Puzzles: 2025 Tax Legislation & Tax-Driven Products Trends

  Join us for a topical panel on 2025 tax legislation and tax-driven product trends! Our panel of tax experts will dive into tax legislation proposals, policymakers, amounts at stake (just a few trillion dollars), and potential implications for asset managers, funds, and shareholders. Next, we’ll explore the ongoing trend towards tax-efficient investment products and services and the amounts at stake (also trillions). Learn how asset managers are catering to tax-focused investors with ETFs, SMAs, CITs, and more. You have choices in concurrent panels, and we promise to keep this tax talk interesting, relevant, and digestible.

  Mike Horn, Moderator 
  Deputy General Counsel, Tax Law
  Investment Company Institute

  Pamela L. Glazier
  Partner
  Ropes & Gray LLP

  Jeff Kummer
  Managing Director
  Deloitte Tax LLP

  Joy Lopez
  Head of Investment Tax and Vice President
  Dimensional Fund Advisors

• Session G: The Impact of Recent Judicial Decisions and Executive Orders on Regulatory Authority and Process

  Recent decisions from the Supreme Court and certain Circuit Courts have highlighted the willingness of courts to place limits on agency regulatory authority, both with respect to rulemaking and adjudication. In addition, recent executive orders have focused on oversight and accountability for government agencies, including independent agencies. This panel will explore how these decisions and orders may reshape the regulatory process at the SEC and other agencies and what those changes may mean for the investment management industry.

  Julia Ulstrup, Moderator 
  Executive Vice President and General Counsel
  ICI Mutual Insurance Company

  Melissa S. Gainor
  Partner
  Kirkland & Ellis LLP

  Sarah L. Levine
  Partner
  Jones Day

  Judson O. Littleton
  Partner
  Sullivan & Cromwell LLP

3:15–4:15 p.m.

When Generations Connect: Navigating Generational Divides

In today’s workforce, four distinct generations work side by side, each with their own attitudes, values, and work styles. But how well do you really understand the “why” behind these differences? With humor, energy, and his signature storytelling style, Phil Gwoke breaks down barriers and resistance, making generational dynamics both relatable and enlightening. This session dives into the identity and insights of each generation, exploring the historical and cultural influences that shaped their perspectives. Phil masterfully dispels stereotypes, uncovers hidden strengths, and brings clarity to what motivates and drives each group. By understanding the generational “why,” participants will gain valuable insights into how to communicate more effectively, reduce friction, and foster an environment where every team member feels empowered and valued. Whether you’re looking to strengthen communication or unlock the collective potential of a multigenerational team, When Generations Connect lays the foundation for transforming generational diversity from a challenge into an organization’s greatest advantage.

Phil Gwoke
CEO and Generational Expert
BridgeWorks

7:00 a.m.–12:30 p.m.

Conference Registration

7:00–8:00 a.m.

Breakfast

7:00–8:00 a.m.

Emerging Leaders Breakfast Panel: Navigating Your Career Journey (RSVP Required)

Katie Sunderland, Moderator
Associate General Counsel, Tax Law
Investment Company Institute

Lance C. Dial
Partner
K&L Gates LLP

Michael Gozzillo
Chief Compliance Officer
Van Eck Associates Corporation

Terry M. Nilsen
President and Chief Operating Officer
Hennessy Advisors, Inc.

8:10–8:55 a.m.

Keynote Remarks and Conversation

Caroline A. Crenshaw
Commissioner
Securities and Exchange Commission

Naseem Nixon
Chief Compliance Officer and Senior Counsel
Capital Research and Management Company

8:55–9:25 a.m.

Capital Insights: Navigating the New Dynamics of Washington

Anna Palmer
Founder and CEO
Punchbowl News

Erica Richardson
Chief of Staff and Chief Strategic Communications Officer
Investment Company Institute

9:25–9:40 a.m.

Break

9:40–10:40 a.m.

General Session

Reimagining the 1940 Act: Key Recommendations from ICI’s Multi-Year Review

Regulated funds help everyday Americans save for life’s biggest milestones – from education to homeownership to retirement – but it’s been more than three decades since the 1940 Act regulatory regime was last reviewed in a thoughtful and comprehensive way. ICI has now completed such a review, with assistance from its member firms and 1940 Act practitioners. This panel will discuss the ICI review and its key recommendations, which can serve as a blueprint for reform by the SEC and Congress.

Rachel H. Graham, Moderator
Associate General Counsel and Corporate Secretary
Investment Company Institute 

Thomas C. Bogle
Partner
Dechert LLP 

Bruce G. Leto
Partner
Stradley Ronon Stevens & Young, LLP 

Paulita A. Pike
Office Managing Partner, Chicago
Ropes & Gray LLP

10:40–11:40 a.m.

General Session

Retailization of the Private Markets

As companies stay private for longer, retail demand for access to growth opportunities continues to grow. This panel will discuss the retail products both currently in the market and being developed that allow ordinary investors to diversify their investments and access private credit and private equity, as well as the regulatory hurdles that these products need to comply with before launching.

Kevin Ercoline, Moderator
Assistant General Counsel
Investment Company Institute

Eve Cout
Head of Portfolio Design & Solutions for US Wealth Advisory
BlackRock

Christopher P. Healey
Partner
Davis Polk & Wardwell LLP

Kristin Hester
Managing Director, General Counsel – Global Wealth 
Apollo Global Management, Inc.

Nicole Runyan
Partner
Kirkland & Ellis LLP

11:40–11:55 a.m.

Refreshment Break

11:55 a.m.–12:40 p.m.

Concurrent Panels

• Session H: You Stay Classy, San Diego: A Discussion on ETF Share Classes

  Whether it is an ETF share class of a mutual fund or a mutual fund share class of an ETF, fund sponsors want to provide investors with the option. This panel of experts will discuss the latest developments and practical considerations. 

  Joshua Weinberg, Moderator
  Associate General Counsel
  Investment Company Institute

  Shelly Antoniewicz
  Chief Economist
  Investment Company Institute

  Suzanne Cullinane
  Director, Operations & Distribution
  Investment Company Institute

  Stephanie Hui
  Vice President & Lead Counsel, Public Policy
  Dimensional Fund Advisors LP 

  Brian P. Murphy
  Partner
  Stradley Ronon Stevens & Young, LLP

• Session I: Key International Developments Shaping the Asset Management Industry in 2025 and Beyond

  This panel will examine the key policy trends driving regulatory changes across regions such as the UK, Europe, and Asia, and their implications for the asset management industry. Discussions will focus on compliance challenges and strategic considerations for legal and policy professionals, providing insights into navigating the evolving regulatory landscape.

  Tracey Wingate, Moderator
  Chief Global Affairs Officer
  Investment Company Institute

  Jane G. Heinrichs
  Head of US Regulatory Affairs
  Federated Hermes, Inc.

  Paula Kar
  Executive Vice President and Chief Product Officer
  Northern Trust Asset Management

  Andrew J. Massey
  Partner
  K&L Gates LLP

  James Sonne
  Vice President and Head of Government Affairs
  PGIM

• Session J: “Nobody Bats 1.000.” The SEC’s Record on Market Structure Reforms

  This panel will review the SEC’s record of ambitious market structure reforms under Chair Gensler and discuss which ones succeeded (T+1), failed/not adopted (Order Competition, Best Ex), adopted but challenged (Rules 13f-2 and 10c-1a), or rife with implementation issues (Treasury clearing). Discussion will also focus on potential trading and market structure priorities under an Atkins-led SEC.

  Kimberly Thomasson, Moderator
  Assistant General Counsel
  Investment Company Institute

  Ari Burstein
  General Counsel and Chief Policy Officer
  Imperative Execution

  Aaron J. Friedman
  Deputy U.S. Head of Government and Regulatory Policy
  Citadel Securities

  Nhan H. Nguyen
  Director, Regulatory Affairs, US Government Affairs
  BlackRock Advisors, LLC

  Ignacio Sandoval
  Partner
  Orrick, Herrington & Sutcliffe LLP

7:30–10:30 a.m.

Conference Registration

7:30–8:30 a.m.

Breakfast

8:30–9:30 a.m.

General Session

Recent SEC Exam and Enforcement Developments: Lessons Learned and How to Improve Compliance Programs

Hear from regulators and legal and compliance staff about recent SEC exam and enforcement actions and related takeaways. This panel will discuss what your firm can do to prepare for and “ace” your next exam and how to improve the overall health of your compliance program.

Francine J. Rosenberger, Moderator
Chief Compliance Officer
Transamerica Asset Management, Inc.

Adam S. Aderton
Partner
Willkie Farr & Gallagher LLP 

Carlo di Florio
President
ACA Group

Sarah Nilson
Assistant Regional Director, Asset Management Unit
Division of Enforcement
Securities and Exchange Commission

J. Cindy Eson
Associate Regional Director, Division of Examinations
Los Angeles Regional Office
Securities and Exchange Commission

9:30–10:30 a.m.

General Session

Conflicts of Interest: Navigating the Relationships Between Funds and Their Service Providers

Investment companies could not operate without service providers. Yet these vital relationships, left unchecked, can introduce various conflicts of interest. This panel will discuss potential conflicts that can arise between investment companies and their officers and directors, their investment advisers, and others. The session will explore how attorneys can make ethical decisions when there is a conflict of interest.

Pending approval, CLE ethics credit maybe available for this session.

Shannon N. Salinas, Moderator
Associate General Counsel
Investment Company Institute

Andrew J. “Buddy” Donohue
Independent Director
BNY Mellon Funds
Former Chief of Staff and Director, Division of Investment Management
Securities and Exchange Commission 

Peter J. Germain
Chief Legal Officer & Executive Vice President
Federated Hermes, Inc.

Carla G. Teodoro
Partner
Sidley Austin LLP

10:30 a.m.

Conference Adjourns