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June 2011Barclays Capital, WBC Scholarship Event and Annual Meeting. Annual Meeting, Committee Recognition and Scholarship Award Ceremony by Anne T. Hamilton The Women's Bond Club Annual Meeting and Scholarship Awards Ceremony was held at Barclays Capital at 745 Seventh Avenue, NYC, on Wednesday, June 8th. Liz Byrnes, outgoing Women's Bond Club Co-President, opened the Annual Meeting and was followed by Treasurer, Cynthia Nutini, who provided a financial summary for the year and the budget for next year. After reviewing the board nomination process, Liz introduced the incoming Board of Directors and facilitated the election process. Click here for additional information. May 2011Annual Merit Award Dinner The Women's Bond Club held its Annual Merit Award Dinner on May 5th at New York's Pier Sixty. The Club recognized Sylvia Ann Hewlett, Center for Work-Life Policy Founding President, with the Isabel Benham Award and gave Sarah Diamond, IBM Financial Services Managing Partner, its prestigious Merit Award. Additionally twenty-nine women across the Women's Bond Club were given the Rising Stars Award. Summary of the 2011 Merit Award Dinner. News coverage of the 2011 Merit Award Dinner. Video of the 2011 Merit Award Dinner. April 2011"Regulatory Reform - Are You Ready?" By Denise Byrd On April 14, 2011, Thomson Reuters and Bank of New York Mellon sponsored a Women's Bond Club event to discuss regulatory reform and its associated complexities. The event was held as a panel discussion moderated by Chrystia Freeland, Global Editor-at-Large for Reuters News. The thought leaders on the panel included Kathleen Casey, SEC Commissioner, U.S. Securities and Exchange Commission; Nancy Gardner, EVP and General Counsel, Thomson Reuters Markets; Richard Hoey, Chief Economist, BNY Mellon; and Karen Peetz, Vice Chairman and CEO, Financial Markets and Treasury Services, BNY Mellon. Click here for additional information March 2011Shift in Economic Power - As the World Moves East By Anne T. Hamilton On March 22nd, 2011, at One Bryant Park, NYC, Bank of America Merrill Lynch hosted a Women's Bond Club event focusing on the Shift in Economic Power as the world moves East. Sara Eisen, Reporter and co-host of "Bloomberg on the Economy" on Bloomberg Radio, moderated the session. The panel of experts consisted of:
Click here for additional information February 2011Impact of Monetary Easing on the U.S. and Global Economies On February 3, 2011 Nomura and the Japan Society sponsored a Women's Bond Club event to discuss how monetary easing is expected to affect the U.S. and global economies. The session began with a summary of recent monetary easing events: Faced with a disappointingly slow recovery and a painfully high unemployment rate, the U.S. Federal Reserve recently embarked on a second round of "quantitative easing" (QE) -an expression that originates from Japan's efforts to fight deflation and stagnation a decade ago. With short-term interest rates essentially at zero, QE becomes the primary tool of monetary policy. In the U.S. version of this unconventional monetary policy, the Fed directs its open market operations to managing the size of its balance sheet – specifically, the size of its securities portfolio. In launching "QE2," the Fed announced its intention to purchase $600 billion in Treasury bills by mid-2011. The Fed's decision has proved controversial as some analysts doubt that QE ever helped the Japanese economy years ago while others say it doesn’t go far enough. Perceived risks from this policy include rising inflation and a weaker dollar. Our panelists, drawing on their expertise in both the U.S. and Japanese financial sectors, will explain why the Fed has chosen this policy instrument, what impact it will have on the U.S. economy, and whether it will finally bring about a robust global recovery The event was held as a panel of well respected thought leaders. Sara Eisen, Reporter and co-host of "Bloomberg on the Economy" on Bloomberg Radio, moderated the session and fielded questions and answers. The engaging panelists included Brian Foran, Managing Director, Equity Research Sector Head covering Banks, Nomura Securities International, Inc.; Alicia Ogawa, Senior Advisor, Center on Japanese Economy and Business, Columbia Business School, Adjunct Associate Professor, School of International and Public Affairs, Columbia University; David Resler, Managing Director, Chief Economist U.S., Nomura Securities International, Inc.; and, Gillian Tett, U.S. Managing Editor for The Financial Times. Click here for additional information January 2011Social Media: Viable Business Opportunity or Passing Fad? "The business proposition of every firm represented in this room will disappear in the next 10 years." This was the opening statement of Ken Landis, Principal, Strategy at Deloitte Consulting LLP at the January 22nd Women's Bond Club event sponsored and hosted by Deloitte Consulting. What followed was a provocative and energetic discussion on how financial services companies need to rethink and take seriously their social media strategies in order to tap into one the most important shifts in consumer behavior of the 21st century. Why do we need brick and mortar banks, insurance companies or brokers anymore? When we want information, we Google it. There is disintermediation in cloud computing, giving you the capability to access these services anywhere anytime and it's changing the way businesses make money. Landis suggests a brokerage firm might make more money from selling advertising space on their website, than from trading commissions. In today's world where Google is the richest cash flow company and Facebook is valued higher than GE, we can see how traditional business values are being turned upside down. Social networking is the accelerant. Consumers believe 92% of peer recommendations and only 14% of advertising. It’s still all about relationships, but the relationships are virtual and it doesn’t matter where the actual service provider is located. This will carry over into the B2B environment as well. In a group discussion led by Diane Sinti of Deloitte Consulting, the panel delved deeper into the challenges and opportunities associated with social media. The panel included Zachary Aron from the banking and technology practice, Arun Prasad from the technology practice and Anne Weisberg a talent director at Deloitte. The audience wondered how traditional bulge bracket firms could make money from social media? It will be more difficult for them, explained the panel, and will require a shift in thinking and practice. Non-traditional firms are savvy. The use of social media is a new discipline for financial services firms. If a social media policy is not endemic within the organization, then there really is no social media strategy. It’s a totally new way to connect with the customer that remains untapped and unexplored at most traditional companies. It’s a matter of trust, stressed all members of the panel. Both internal and external. Customer experiences are shared within minutes if not seconds now. You need to get involved in and manage the social conversation around your company. You can’t artificially create a mood or sense of trust that is not actually there. A good place to start is to try not to focus solely on the 5% of the audience who make negative comments, but cultivate the 95% good and positive feedback. This is a way to influence the influencers, who will recommend you to their friends. And they’ll tell two friends, and they’ll tell two friends, and so on and so on... November 2010Cultivating Advocates Networking, leadership and communication were the topics covered in a recent Women’s Bond Club event, entitled "Cultivating Advocates: The Art of Credible Networking" . The NASDAQ OMX Group, Inc. hosted the November 30th event in the fantastic NASDAQ MarketSite venue overlooking Times Square. A networking reception after the presentation gave the 140 attendees a chance to practice their networking skills, while admiring the view. Robin Abramson, partner at CRA Inc., co-head of the firm’s leadership practice, and a long-time associate of the WBC, gave the keynote speech. Robin introduced us to the behaviors of "Admired Leaders", those rare leaders who get results while building followership and creating loyalty. The 180 audience members all agreed to pick one or two behaviors from the comprehensive list given during the presentation, and make them their own. Robin’s presentation covered a surprising amount of practical networking, leadership and communication behaviors. One was a relationship-building process called "dripping". Frequency of contact is what builds relationships and keeps them relevant; like a leaky tap, you need to continue to "drip" to the people in your network. Even those who did not attend the session can do the homework: holiday card time is a perfect excuse to jot down your "drip list", the key personal and professional contacts you want to be part of your network, and start "dripping". Diversity Round Table NYSE Euronext and the Women's Bond Club hosted its annual Diversity Roundtable event at the New York Stock Exchange on Monday, November 15, 2010. Jocelyn Cunningham, Partner at Deloitte, provided the audience of over 100 executives with the keynote speech as she discussed our progress and challenges in financial services. Larry Leibowitz, COO NYSE Euronext then led the panel discussion on "Driving Diversity Without Borders". The esteemed panel included Patricia David, Global Head of Diversity at JP Morgan Chase, Marinela Tudoran, Global Head of Electronic Trading & Head of Equities Technology Americas at Credit Suisse, Lisa Dallmer, COO of NYSE Euronext Euro Cash Markets, Erika Collins, Partner & Chair of Paul Hastings International Employment Law Practice Group and John Reid-Dodick, Global Head of HR, Markets Division at Thomson Reuters. Click here for press release October 2010Presidents' Cocktail Reception JP Morgan and Accenture hosted our Annual Presidents' Cocktail Party on October 4th, 2010 at J.P. Morgan's Headquarters. We were delighted to see the room filled near capacity as we convened with many old friends, introduced ourselves to new business associates and celebrated our 90th anniversary since Betty Cook formed the Club. Senior Executive Dinner On October 5th, the Senior Women’s Dinner proved to be a special night for the Women’s Bond Club. This dinner provided an opportunity to RETURN to our senior LEADers by hosting an evening where present and former club officers and their corporate firms could LEARN from each other. The theme of the night was: Corporate Success: A Function of Leadership, Productivity and Laughter. |
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