SCI 7th Annual Seminar, London

SCI 7th Annual Seminar, London, 4th December 2013

Credit Market Dislocation: Alternative Ways of Optimising CLO & ABS Returns

 

OVERVIEW
This year's seminar will discuss the 'new normal' emerging around the structured credit markets as banks continue to dispose of risky assets and step back from financing. As new credit funds, advisories and boutiques continually emerge we discuss a variety of emerging themes around the subject of market dislocation.

CLOs will be a focus too - 2013 has been the year of CLO 2.0 - but mainly in the US. What are the prospects for the European markets going into 2014? Is enough collateral available to managers, and what of regulations? We will host a CLO manager round table, as well as panel discussions addressing relative value investment opportunities and new issuance; and we will continue to help uncover better techniques for the pricing and valuation of securities.

SPONSORS

 

     

 

REGISTRATION

Free to attend for: Hedge Funds, Institutional Investors, Private Equity & Insurance Firms Click here to request a free registration code  

Sell-side, Vendors, Lawers etc. Registration: £395 + vat

REGISTER HERE

 
VENUE

Offices of Reed Smith
Broadgate Tower
20 Primrose Street
London EC2A 2RS


AGENDA

08.45 KEYNOTE SPEECH:
Fabrice Susini, Global Head of Securitisation, BNP Paribas & Chair of AFME-ESF Bio

PANEL DISCUSSIONS FOLLOW:

09.15 MARKET DISLOCATION - THE NEW MARKET PARADIGM
The shape of the securitisation market has changed dramatically as regulations force traditional sources of funding to withdraw. Who are the new market constituents? Who is equipped to supply liquidity and funding, and how are deals being arranged and getting over the line? How does the balance sheet look for emerging players and how do they price the various new risks they face? Has the balance of power shifted forever now that investors hold more power and appear less reliant on banks? How is bank disintermediation taking shape? What role do ratings agencies have in the new market paradigm?
Moderator:
Tamara Box, Reed Smith Bio
Panel:
Blair Jacobsen, Ares Management Bio
Peter Hansell, Cairn Capital Bio
Rawle Howard, BlackRock Bio
Hubert Tissier de Mallerais, Chenavari Bio

10.00 BREAK

10.15 CLO MANAGER ROUND TABLE: WILL 2014 BE EUROPE'S YEAR?
It has been a relatively quiet year for European CLO issuance compared to the US. Innovative solutions to regulations are being mooted and new sources of liquidity and funding are emerging; who are these new players? What do investors require and how have CLO 2.0 structures performed versus legacy deals? What do managers require to stay in the game for the long term?
Moderator:
David Bell, BNY Mellon Bio
Panel:
Andrew Bellis, 3i Bio
David Matson, IKB Bio
Roger Coyle, GMB Partners Bio
Alan Kelly, Apollo Global Management Bio

11.00 BREAK

11.15 INVESTOR RETURNS
How are investors sourcing opportunities and maximising their returns? Can the increased availability of data, analytics and technology provide an edge or are relationships more important than ever?
Moderator:
Miten Amin, Lewtan Bio
Panel:
Greg Branch, SCIO Capital Bio
Chandrajit Chakraborty, Pearl Diver Bio
Eric Havard Duclos, AXA Investment Managers Bio
John Convery, Greensledge Bio

12.00 RELATIVE VALUE OPPORTUNITIES: TRADERS' ROUNDTABLE
Where does value exist across the capital structure and across asset classes? Which factors are driving relative value at present? What issues does the market face with respect to liquidity and regulation?
Moderator:
Dean Atkins, Kinson Capital Bio
Panel:
Alan Packman, Stifel Bio
Peter Nowell, BNP Paribas Bio 
Paolo Binarelli, Banca IMI Bio
Rob Ford, TwentyFour Asset Management Bio

12.45 LUNCH

13.30 NEW ISSUE CLO & RMBS MARKET: SUPPLY & DEMAND
The paucity of leveraged loan issuance is weighing heavily on CLO managers and issuance in Europe, while RMBS volume is being curtailed by cheaper sources of funding. What are the prospects for new deal flow and the likelihood of a continued supply/demand imbalance, given current redemption pressures? How attractive is pricing on new deals and where are spreads predicted to begin the New Year?
Moderator:
Georges Duponcheele, BNP Paribas Bio
Panel:
George Passaris, EIF Bio
Dushy Puvan, Lloyds Bank Bio
Matthias Neugebauer, Fitch Ratings Bio

14.20 RISK, LEGAL & COLLATERAL MANAGEMENT CONSIDERATIONS
A new market infrastructure is developing to help deal-makers. Lawyers, risk managers and collateral managers discuss what needs to be considered when embarking on a private or 'club' transaction.
Moderator:
Dale Gabbert, Reed Smith
Panel includes:
Saul Greenberg, SCIO Capital Bio
Philip Forkan, Citi

 15.15 CLOSE

 

A sample of delegates that have signed up to attend this event so far include:

Roger Partner GMB Partners LLP
Caoimhe Credit Analyst Gordian Knot
Khalid Senior Credit Structurer Hermes Fund Managers
Duncan Director Erste Group Bank
Jan PM Erste Group Bank AG
Felix Executive Director AIG
Stuart Head of Credit, North Westerly CLOs NIBC Bank NV
Henrik Managing Director Cohen & Company
Pritesh VP MKP Capital Europe
Olivier Porfolio Manager Crystal Fund
Georgia Associate - Structured Credit Trading Molton Street Capital
Matthew Junior Consultant Credit Mediation Limited
Alexandra (Lexie) Head of Fund Marketing and Investor Relations Prytania Investment Advisors
Jakub Risk Analyst ESMA
Daisuke Manager Sumitomo Mitsui Banking Corporation Europe
Matt Quantitative Analyst Prytania Investment Advisors
Walter CEO Channel Capital Advisors LLP
Alessandro Director RiverRock
Alan Senior Investment Analyst Apollo Management International LLP
Daniel Manager IKB DEUTSCHE INDUSTRIEBANK AG
Scott director iconic funds
Stuart Analyst Serone Capital Management
Steve Structured Credit Apollo Management International LLP
Sarah Partner Bingham McCutchen (London) LLP
Matthew VP Pearl Diver Capital
charles CIO CCA
Brian Vice President Deutsche Bank
Brian CEO Rockstead Ltd
Lukasz Vice President Banca IMI
Hammad analyst EJF capital
Oliver Managing Partner Stone Mountain Capital
Duc FIxed Income Securitisation BNP Paribas
Dushy Origination / Structuring Lloyds Bank
Ranveer Analyst Portigon
David Director HSBC Global Asset Management
Alan Managing director (MUSI) Mitsubishi UFJ Securities International plc
Stephan Managing Director Portigon Financial Services
Tyler Head of Corporate Credit Mediterranean Bank plc
David VP European ABS conning asset management
Emma ABS Sales BNP Paribas
Andre Head of ABS distribution BNP Paribas
Rasheed Advisor West Face Capital
Rafal associate Blackrock
Michael CEO & President Clayton Euro Risk
Mark Managing Director Lone Star Europe Acquisitions
Konstantine Client Development & Strategy Director Clayton Euro Risk
Steven Consultant Maitland
William Head of Structured Credit Long Harbour Ltd
Anatoly VP US Bank Global Corporate Trust Services
Sachin Senior Portfolio Manager Credit Agricole CIB
Anthony Director Lehman Brothers
Jo Financial Controller Lehman Brothers
Michael Vice President J.P.Morgan - PricingDirect
alexandre director BNP Paribas
Francesco Paolo Director Kildare Capital
Mital Risk Manager Jefferies International
Rob Managing Director InSolve Capital LP
Charles CEO InSolve Capital
Marta Senior Vice President DBRS
Mudasar Vice President DBRS Ratings Limited
Jerrard MD Stifel
Denis Structurer BNP Paribas
GEORGE RISK MANAGER ECM
Raviv MD Barclays
Karine Risk Specialist PRA - Bank of England
Oli Credit Investec
Sean CEO Climate Bonds Initiative
Ope Senior Analyst / Portfolio Manager Neuberger Berman Europe Limited
Edward financier cohen
Kavi Director Lloyds Banking Group
Aleksander PM Analyst JP Morgan Asset Management
Patrice PM JPMorgan
Sameer Senior Risk Manager Cheyne Capital
Mike Associate Director HSBC Bank plc
Paul ' West Face Capital
Matt Sales Citibank
Ian Director Citi
Neil Managing Director Ogier Fiduciary Services (UK) Limited
Luka Investment Analyst BlackRock
Melissa Director 3i Debt Management
Oliver Vice President Deutsche Bank
Shammi Head of European ABS Trading Stormharbour Securities LLP
Pradeep Managing Director Virtus Partners Ltd
Paolo ABS Trader Banca IMI
Gideon COO Prytania Group Ltd
Scott Senior ABS Analyst Ignis Asset Management
Nick Credit Analyst Investec
Alex Partner Field Fisher Waterhouse LLP
Andrew Senior Director Fitch Ratings
Chris Assistant Portfolio Manager CQS
Jacob Assistant Director Rothschild
Lucy Head of Structured Capital Markets Lloyds Banking Group
 

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