NIBA’s 3rd Annual Event in southern California was held in Newport Beach, CA February 19, 2015 at the Newport Beach Marriott Hotel. Over 50 industry professionals attended -- about 45% registered as CTAs, 45% as IBs and the remainder as FCMs or service providers. Twenty individuals were attending their first-ever NIBA event!
Blu Putnam, Chief Economist for the CME Group presented one of two business sessions. He spoke about the economic outlook for the remainder of 2015, covering the topics of International GDP growth in China, Japan and the Euro-zone; The likelihood the Fed will raise rates in 2015; Emerging markets; and, Oil-challenged countries and their effects on U.S. growth.
Patricia McDonald, Partner, Baker & McKenzie presented “Recent Tax Developments Affecting IBs and CTAs” as the second session. She highlighted several recent pieces of legislation of which registrants should be aware, and which may impact them personally as well as impacting their relationships with customers.
Mike Burke, NIBA Vice-President and newly elected NFA IIB Board Member welcomed the group with Association news, and John Jensen, NIBA Past-President and Membership Chairman updated the group with current membership information.
This year’s southern California meeting was sponsored by:
CME Group (Primary Sponsor)
For follow-up or membership questions, contact Event Chairpersons:
John Jensen, jjensen@hwfi.com
Ralph Preston, rpreston@hwfi.com
Barbara Schmidt-Bailey, barbara.schmidt-bailey@cmegroup.com
Check out recaps from two attendees!
"Contemplating the long drive to Newport Beach, I am really glad I did attend this meeting!
I’ve got to meet several of my colleagues and share my interest with them. It was nice leaving the office and so many “ regulations” behind for a few hours of sharing ideas. Mr. Bluford Putnam, Managing director and Chief Economist of CME group, shared his views and gave us ideas on the patterns that we should be looking for in several markets. I especially enjoyed Ms. Patricia McDonald’s presentation. She had covered several recent tax developments that affect us all including changes in long-term Capital gain, net investment income tax, and additional Medicare surtax and FATCA (Foreign Account Tax Compliance Act).
I also wanted to personally thank the Chairman Ms. Melinda Schramm for all her support and dedication. I definitely recommend attending NIBA’s meetings to my colleagues. Come and meet your competition, get to know the CTAs face to face and have a drink in a relaxed environment!"
Sincerely,
Dr. K Hakimian, President
"It was a pleasure attending the NIBA SoCal meeting in Newport Beach. I'm pleased William Gallwas reached out to encourage my attendance. The presentation by the Chief Economist of CME Group was excellent. It was definitely worth the short trip down from Manhattan Beach. I look forward to attending more events in the future."
Jeff Tribble
Chief Executive Officer
Systematic Science Technologies, LLC