GPFA Members! We hope you will join us for a closed-door beneficial owner meeting that will take place the day before the Canadian Securities Lending Association (CASLA) conference on June 5th in Toronto. A huge thank you to Ontario Teachers'​ Pension Plan for hosting this meeting. We are thrilled to have Toni Gravelle, Deputy Governor of the Bank of Canada join us for a private Q&A session. The agenda is now available to GPFA members. Please note this meeting is for GPFA members only. If you are interested in attending, please reach out!

GPFA is thrilled to announce the launch of a new single topic meeting series, focusing on the upcoming requirements for the U.S. Treasury market to shift central clearing for the cash and repo markets. For our first meeting, GPFA is pleased to welcome Laura Klimpel from The Depository Trust & Clearing Corporation (DTCC) who will provide insights into this significant shift. For the second meeting in this series, we will hear another expert market perspective from BlackRock's, Michael Winnike, who will present on how they are preparing for the shift to central clearing. This educational series is for GPFA member organizations only. For more information or if you are interested in attending, please reach out to us.

Calling all beneficial owner members! GPFA will hold their first quarter member meeting of 2024 on Wednesday, 20 March 2024. This virtual meeting will be a fantastic opportunity to connect with fellow members, exchange ideas, and chart the course for a successful year ahead. This meeting is for GPFA member organizations only and the agenda will be shared in advance.

We are Better Together! When nearly 50 individuals from 7 different countries representing over US$7.5 Trillion in assets across 25 global beneficial owner institutions come together to learn, good things happen. This week GPFA held our Annual Meeting for our global beneficial owner members. Thank you to all that joined! The growth of this actively engaged beneficial owner community has been amazing and we look forward to strengthening the connections made this week.

We have been waiting for this! Thank you to the International Securities Lending Association (ISLA), Farrah Mahmood and the rest of the ISLA team, and Thomas Aubrey for making the effort to explain the unintended consequences and impacts the Basel III Endgame implementations will have on the buyside community. The Global Peer Financing Association (GPFA) has spent a lot of time recently partnering with industry experts to better understand the implications of these rules and our buyside members appreciate ISLA providing this overview of the framework.

The Performance Measurement guidelines developed by the International Securities Lending Association (ISLA) aim to support increased transparency and data accuracy across the industry. Beneficial owners want their agents to comply with these industry standards in both their submission of data and the usage of data tools in order to improve the quality and accuracy of peer comparisons on securities lending revenue and performance. The Global Peer Financing Association (GPFA) of beneficial owner members has reviewed the ISLA performance measurement guidelines and seeks the active support of these standards by all market participants. Thank you ISLA for leading this important industry initiative.

Our team keeps growing and we are better for it! We are thrilled announce that Bethel Loh from AustralianSuper will be volunteering his time to lead the Global Peer Financing Association (GPFA) in Australia. Beneficial owner membership in Australia currently accounts for over 10% of GPFA’s global member base and we are excited to further expand our institutional investor membership in the region under Bethel’s leadership. Bethel will work closely with the GPFA Board of Directors and with the Association’s Head of International (outside of North America), Amy Borgquist (Armour), to ensure GPFA activities are well coordinated globally to best serve the interests of beneficial owners in this Association. 

GPFA is a volunteer-led, non-profit association for beneficial owners, by beneficial owners. The Association has rapidly grown to include many of the largest global institutional investors engaged in securities financing. The group focuses on member education, networking, best practices across securities finance, balance sheet management, treasury and liquidity management and other related investment disciplines. GPFA plans to continue to add more regional leads to the group over time. On behalf of the GPFA Board of Directors and all GPFA Members, especially those in Australia, thank you Bethel and the team at AustralianSuper for volunteering your time and expertise to support our buyside community!

As we grow, we are excited to announce Cherie Jeffries, Director of Fixed Income Trading and Short Duration/Passive Senior Portfolio Manager for the State Board of Administration of Florida will be the U.S. Regional Lead for the Global Peer Financing Association (GPFA). Cherie has worked closely with our Board of Directors over the past few years to expand GPFA’s reach at industry conferences, and we are thrilled to have her in this important leadership position as we continue to evolve to meet the needs of our members. 

GPFA is a volunteer-led, non-profit association for beneficial owners, by beneficial owners. The U.S. beneficial owner segment currently makes up over 30% of GPFA’s membership base, with the rest of our beneficial owner community spread across Canada, Europe, the Middle East and Asia Pacific. GPFA was originally founded by four North American pension funds and has rapidly grown to include many of the largest global institutional investors engaged in securities financing. On behalf of the GPFA Board of Directors and all GPFA Members, thank you Cherie and the team at SBA Florida for volunteering your time and expertise to support our buyside community!

The Global Peer Financing Association (GPFA)'s Annual Member Meeting will be held this year on Wednesday, November 15th in Boston, MA. We look forward to having our beneficial owner members and friends join for an educational and productive day. GPFA Members received invitations to the day-long event this week. If you are a global beneficial owner engaged in securities finance, balance sheet or treasury management functions, you are welcome to join. Please reach out to GPFA if you are interested and we can share more details.

The Global Peer Financing Association (GPFA) continues to grow its membership of buy-side institutional investors across all global regions. To support this continued growth and development of member networking and education, GPFA is pleased to announce that Amy Borgquist (Armour), Research and Portfolio Engineering Lead at the Abu Dhabi Investment Authority (ADIA), will be the Association’s Head of International (outside North America). Amy will work closely with the GPFA Board of Directors to ensure GPFA activities are well coordinated globally to best serve the interests of beneficial owners in this Association. Being placed in the Middle East, Amy is well positioned to connect GPFA members across Europe, the Middle East & Africa, and Asia Pacific.