John Phinney

John Phinney

Wilton, Connecticut, United States
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About

At the helm of Convergence Inc, my strategic leadership in the asset management industry…

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Activity

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Experience

  • Convergence Inc Graphic

    Convergence Inc

    www.convergenceinc.com

  • -

    9 West 57 Street

  • -

    Greater New York City Area

  • -

    New York

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    Boston

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    Boston, Ma.

Education

Publications

  • Convergence Q2 2015 Update on Alternative Asset Managers

    www.convergenceinc.com

    Q2 2015 Headline

    For the twelve months ended June 30, 2015, the business complexity of alternative asset managers tracked by Convergence continued to increase. This change was accompanied by noteworthy changes to non-investment headcount and to Fund Administrators providing services to alternative Managers. The pace of consolidation in the Fund Administration market quickened with the largest deal being SS&C’s recently announced acquisition of Citibank’s Hedge and Private Equity Fund…

    Q2 2015 Headline

    For the twelve months ended June 30, 2015, the business complexity of alternative asset managers tracked by Convergence continued to increase. This change was accompanied by noteworthy changes to non-investment headcount and to Fund Administrators providing services to alternative Managers. The pace of consolidation in the Fund Administration market quickened with the largest deal being SS&C’s recently announced acquisition of Citibank’s Hedge and Private Equity Fund Administration business. Refer to the Service Providers section of this report for further color.

    See publication

  • CMDX Infrastructure Alpha-A Practical Guide to Implementation

    Convergence Inc. Copyright 2015

    Much has been written about infrastructure alpha, sometimes referred to as non-investment alpha, but little practical guidance has been available on how to bring it to life. As a 30-year COO/CFO, or non-investment professional, I spent my career bringing infrastructure alpha to life in long-only and alternative asset managers. My mission was simple. Create cost effective infrastructure that allowed my investment colleagues to trade what, when, where and how they needed to generate investment…

    Much has been written about infrastructure alpha, sometimes referred to as non-investment alpha, but little practical guidance has been available on how to bring it to life. As a 30-year COO/CFO, or non-investment professional, I spent my career bringing infrastructure alpha to life in long-only and alternative asset managers. My mission was simple. Create cost effective infrastructure that allowed my investment colleagues to trade what, when, where and how they needed to generate investment alpha for our investors at a lower unit cost and lower operational risk. This first paper introduces how to measure and manage infrastructure alpha in Investment Operations and is the first of a nine-part series that will explain a simple way to measure, track and discuss infrastructure alpha across all infrastructure functions. Subsequent papers will extend these concepts into eight additional non-investment functions.

    See publication

  • The Future of Fund Administration-Citibank Exit of Hedge Fund Administration

    Convergence Inc. Copyright 2015

    Citibank’s recent announcement to exit the Hedge Fund Administration businessmay be the harbinger for similar reassessments by other “universal banks” providing Fund Accounting and Administration services. This event just may be the catalyst for the long overdue consolidation of the Fund Administration Industry. While Goldman’s sale to State Street and Credit Suisse’s sale to
    Paribas created the first ripples within the “universal banking pond”, Convergence believes that Citibank’s exit is…

    Citibank’s recent announcement to exit the Hedge Fund Administration businessmay be the harbinger for similar reassessments by other “universal banks” providing Fund Accounting and Administration services. This event just may be the catalyst for the long overdue consolidation of the Fund Administration Industry. While Goldman’s sale to State Street and Credit Suisse’s sale to
    Paribas created the first ripples within the “universal banking pond”, Convergence believes that Citibank’s exit is the strongest and most convincing evidence to date that the hedge fund administration business in “universal banks” continues to struggle financially. The real question is who is going to be the next to exit?

    What follows is an in‐depth exploration by Convergence of what we consider to be seismic shifts in the industry. These are not simply ‘lessons‐learned’, they are telling leading indicators to be heeded by the cognoscenti.

    Other authors
    See publication

  • Chasing the Value Chain

    Executive Edge Magazine Forbes/Gartner

    John Phinney, CFO of Chase Global Investor Services talks with Executive Edge about the opportunities and risks posed by the internet.

    Other authors
    • Russ Banham

Patents

  • System and method for trade settlement tracking and relative ranking

    Issued US 7401048

    Abstract: A distributed computer system that enables end users to evaluate a broker's trade settlement performance by market and across multiple markets in terms of how many of the broker's trades failed. Trades are defined as having failed when the actual settle date exceeds the date on which the trade should have settled. The system analyzes trade settlement statistics about each broker within the context of a selected broker peer group, and ranks and compares a broker's settlement…

    Abstract: A distributed computer system that enables end users to evaluate a broker's trade settlement performance by market and across multiple markets in terms of how many of the broker's trades failed. Trades are defined as having failed when the actual settle date exceeds the date on which the trade should have settled. The system analyzes trade settlement statistics about each broker within the context of a selected broker peer group, and ranks and compares a broker's settlement performance relative to the peer group. The system also ranks the brokers based on a set of metrics relative to the selected peer group. A broker's peer group is defined in terms of the broker's relative size within the trade universe as determined by trade count.

    Other inventors
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Organizations

  • Marginal Way Preservation Fund, Ogunquit, Maine

    President an Chairman of the Board

    - Present

    Developed the MWPF 10 year strategic plan, developed a public/private partnership with the Town of Ogunquit,Maine and implemented a multi-year funding plan to support the repair of damages to the Marginal Way caused by multiple major storms.

  • School Sisters of Notre Dame, Wilton, CT

    Volunteer

    - Present

  • Cape Neddick Country Club, Cape Neddick, Maine

    Member

    - Present

  • Wilton Riding Club, Wilton, CT

    Captain Division 5 Paddle Club

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  • Villanova School of Business

    Deans Advisory Council

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  • Chewonki Foundation, Wiscasset, Maine

    Finance Committee, Fundraising Committee

    -

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