Lead Lawyer – Initial Margin Project
WESTPAC BANKING CORPORATION
Kendall Park is a derivatives lawyer at Westpac Banking Corporation where she leads a team of lawyers implementing initial margin for uncleared OTC derivatives. She has a background in multijurisdictional derivatives regulation and has experience working at major banks locally and internationally. She has a deep insight into margin regulation for uncleared OTC derivatives and a focus on partnering with businesses to provide practical solutions. Her derivatives expertise includes ISDA documentation, repos, structured products, financial markets transactions and strong derivative products knowledge.
MAROON ANALYTICS AUSTRALIA
Director, Collateral Trading Markets
NATIONAL AUSTRALIA BANK
Experienced risk manager with a passion for driving profitability and desk capability to achieve superior financial outcomes, meet regulatory requirements and improve operational efficiency. 5+ year track record in prudent risk management ranging across exotic credit derivatives, short end cash and futures books. Skilled at interpreting both domestic and international regulatory directives in the derivatives market and at ensuring the business not only remains compliant but also thrives (NCCD Initial Margin – CPS 226, Large Exposures – APS 221). Able to adapt to diverse areas within markets by bringing deep experience in Excel, C# programming and SQL.
KING & WOOD MALLESONS
Max Allan is a Senior Associate in the Financial Markets and Regulation team of King & Wood Mallesons. Mr. Allan specialises in advising banks, funds, corporates, exchanges, clearing houses, regulators and government in relation to netting, collateral, complex international derivative and trading documentation, exchanges, clearing systems, payment systems and other financial market infrastructure. He has significant experience in preparing and negotiating transaction documentation for structured and complex derivatives and credit support arrangements. He advises clients generally on financial markets and financial systems, particularly in emerging issues such as the use, risks and impact of technological change (such as blockchain) and new legal and regulatory frameworks. Mr. Allan has worked with international bank, financial market infrastructure and government clients on various secondments and, recently, worked with Scott Farrell as part of his secretariat in the Australian Government’s Review into Open Banking. Mr. Allan is also a key part of the KWM team that developed the “DnA” smart contract architecture and fintech publications.
KING & WOOD MALLESONS
Dale’s practice focuses on asset and structured finance, financial regulation and derivatives. He acts for banks, industry groups and buy side clients on OTC documentation, reform projects/issues and netting and collateral opinions for different documentation and counterparty types. He also structures bespoke derivative solutions to meet regulatory, credit or capital requirements.
Prior to joining KWM, Dale worked for international law firms in Sydney, London and Hong Kong and in derivatives legal at Societe Generale in Hong Kong and London. He was also a banker in Hong Kong in the structured finance team at HSBC for many years.
Dale is cited in AFR’s Best Lawyers 2018 for Structured Finance Law, Banking and Finance Law, Debt Capital Markets Law, Financial Institutions Law and Asset Finance Law for both Brisbane and Sydney.
He is currently assisting the United Nations Committee for International Trade Law (UNCITRAL) drafting a model law for security over property and also sits on a number of banking law committees and working groups (Walrus, APLMA, ISDA, and the AWG - implementing the Cape Town Convention).
Senior Manager, Derivatives & OTC Markets
Allan McGregor has over 15 years of financial markets experience across derivatives, central clearing, debt capital markets and payments.
Allan is currently a Senior Manager in the Derivatives & OTC Markets business at ASX where he leads the commercial team responsible for Derivatives Clearing, Cross-product platforms and Strategy. Since joining ASX in 2008 he has delivered significant market initiatives including the successful launch of ASX’s OTC clearing service in 2013 and the subsequent delivery of an automated cloud-based margin optimisation service.
Prior to ASX, Allan worked in Treasury and International Markets at St.George Bank (now part of Westpac Group) where he was responsible for defining and executing product and platform changes required to augment the bank’s fixed income, foreign exchange and international payments services.
Sean has over 20 years’ experience within institutional and investment banking. Prior to Deloitte, he was Head of Thought Leadership at Westpac’s Institutional Bank. As a Managing Director at Global banks, Sean held key roles included Global Head of Operational Risk, APAC Head of Product Control, COO of European Equity Trading, Head of Finance for Continental Europe and COO Australia. Sean's Advisory experience has focused on supporting Financial Institutions on Risk, Technology and Business Transformation.
Director, Financial Services, Risk and Regulation
Rob has over 12 years’ experience in Government and Financial Markets specialising in regulatory change. His most recent experience was with one of the Big Four Australian banks as delivery lead for global uncleared derivatives margin rules which included an end-to-end solution overseeing large scale people, infrastructure and process change. He was that bank's delegate on clearing and uncleared margin to local (APRA and RBA) and overseas (US Federal Reserve, Office of the Comptroller of the Currency, Japanese Financial Services Agency, etc.) regulators. Rob has considerable experience across the global markets trading process particularly as it relates to collateral management, controls and derivative execution.