5th Annual Covered Bonds Market Conference | afme

5th Annual Covered Bonds Market Conference

A safe harbour in times of volatility

01 Dec 2017 Hotel de Rome, Berlin

Speakers

Keynote speakers

  • Didier Millerot

    Didier Millerot

    Head of Unit, Banks and Financial Conglomerates DG FISMA, European Commission

    Didier Millerot

    Didier Millerot

    Head of Unit, Banks and Financial Conglomerates DG FISMA, European Commission

    Didier Millerot started working for the European Commission in 1994 and joined DG MARKT in 1997 where he held several legal positions.

    Didier was appointed Deputy-Head of the Asset Management Unit in 1997 where he took active part in the negotiation of the UCITS IV and AIFM Directives.  After a year of secondment in the cabinet of Commissioner Barnier, Didier was appointed Head of the Accounting and Financial Reporting Unit in 2012 a period during which the Accounting Directive was simplified and new transparency requirements introduced (non-financial reporting).

    Didier joined unit FISMA/D2 in 2015, a unit that is now in charge of the covered bonds files and the review of the prudential requirements for investment firms.

  • Andreas Kluth

    Andreas Kluth

    Editor-in-Chief, Handelsblatt Global

    Andreas Kluth

    Andreas Kluth

    Editor-in-Chief, Handelsblatt Global

    Since March of this year, Andreas Kluth has been Editor-in-Chief of Handelsblatt Global, the English-language news site of the Handelsblatt Group.  Before that he was a correspondent for The Economist for twenty years, in London, Hong Kong, Silicon Valley, Los Angeles, and Berlin.

    Andreas was born in New York. He got his Bachelor’s at Williams College in Massachusetts and his Master’s at the London School of Economics. He has written a book, “Hannibal and Me”, about the lessons of historical figures for our own lives in coping with failure and success.

  • Hans-Jörg Naumer

    Hans-Jörg Naumer

    Global Head of Capital Markets and Thematic Research, Allianz Global Investors 

    Hans-Jörg Naumer

    Hans-Jörg Naumer

    Global Head of Capital Markets and Thematic Research, Allianz Global Investors 

    Hans-Jörg Naumer (50) joined Allianz Global Investors in 2000 and is Global Head of Capital Markets & Thematic Research. The focus of his work is on analysis relating to strategic and tactical allocations, specific investment opportunities and the identification of long-term investment trends. Furthermore he is the “European Hub” of the US-based Allianz GI Center of Behavioral Finance.

    Before joining Allianz Global Investors, he worked for Société Générale, where he became the head of Research Germany and was part of the French investment bank’s international research team.

    His analyses were mainly directed at international institutional investors.

    From his vantage point as an analyst and economist, he observed the establishment of the Economic and Monetary Union and thus ranked among the prime “ECB Watchers”.

    He started his professional career in the corporate banking division of Deutsche Bank in 1994.

    Mr Naumer has comprehensive experience in delivering speeches and presentations. His audience consists of high-net worth individuals, asset managers, investment advisors and institutional investors.

    Mr Naumer studied economics at the University of Mannheim, one of the leading universities for economics and business studies in Germany. During his studies, he worked at the Chair for Macroeconomics.

    The Capital Market Research is published in up to 8 languages and read all over the world.

Speakers

  • Casper Rahbek Andersen

    Casper Rahbek Andersen

    Director, European Covered Bond Ratings/Structured Finance, S&P Global Ratings

    Casper Rahbek Andersen

    Casper Rahbek Andersen

    Director, European Covered Bond Ratings/Structured Finance, S&P Global Ratings

    Casper Rahbek Andersen is a Director and senior member of the European Covered Bond Team. As a country head he follows the financial markets developments throughout the Nordic region, Germany, Austria and Luxembourg.

    Casper joined S&P Global Ratings as an analyst in 2006 and has covered a broad range of covered bond issuers (mortgage and public-sector) and jurisdictions including the U.K., Ireland and Portugal.

    Prior to S&P Global Ratings, Casper worked as an Analyst for NERA economic consulting in Frankfurt, Germany, which followed roles with Siemens AG and Nykredit A/S in Copenhagen. Casper currently works out of S&P Global Ratings London office. 

    Casper holds a Masters degree in Applied Economics and Finance from Copenhagen Business School and a CEMS Master degree in International Management from St. Gallen/Copenhagen.

  • Olivier Avis

    Olivier Avis

    Chief Executive Officer, Compagnie de Financement Foncier

    Olivier Avis

    Olivier Avis

    Chief Executive Officer, Compagnie de Financement Foncier

    Olivier Avis is the Chief Executive Officer of Compagnie de Financement Foncier, a subsidiary of Crédit Foncier, its purpose is to finance mortgage and public-sector lending for its parent company as well as the entire Groupe BPCE.

    Olivier has more than 15 years’ experience within the BPCE Group and started his career at BPCE as a Manager within the Internal Audit Division before moving to General Management.  In 2011, Olivier was appointed Senior Banker at BRED. In 2014, Olivier joined Credit Foncier.

    As of today, he is Deputy Chief Executive Officer of Credit Foncier, Chairman of the Board of Directors of Foncier Titrisation and Chief Executive Director of Compagnie de Financement Foncier. His role includes the active management of the medium and long-term funding Department of Credit Foncier.

    Olivier is a member of the ECBC steering committee and graduated from Toulouse Business School with a Master’s degree in Financial Markets.

  • Ralf Berninger

    Ralf Berninger

    Head of Investor Relations, SFIL

    Ralf Berninger

    Ralf Berninger

    Head of Investor Relations, SFIL

    Ralf Berninger joined SFIL as Head of Investor Relations in February 2013.

    He started his career as a Fixed Income Syndicate Manager at West/LB in Düsseldorf. He subsequently held positions as Senior DCM Originator at DZ Bank and Credit Agricole Indosuez (now Crédit Agricole CIB) before joining Dexia Group as Head of Origination in July 2007.

    Ralf Berninger is a CFA Charterholder and graduated from the Rheinische Friedrich-Wilhelms-Universität Bonn in 1995 with a degree in Economics. 

  • Thomas Cohrs

    Thomas Cohrs

    Managing Director, Head of Syndicate and Origination FI/SSA, NORD/LB

    Thomas Cohrs

    Thomas Cohrs

    Managing Director, Head of Syndicate and Origination FI/SSA, NORD/LB

    Thomas is Managing Director, Head of Syndicate & Origination FI/SSA at NORD/LB. Thomas joined NORD/LB in 2010 after holding several management positions at HVB (now UniCredit) and Calyon (now CACIB).

    Thomas is a CFA charterholder and holds degrees in Economics, Business Administration and Law from London, Manchester and Frankfurt Universities. He is also a certified Real Estate Finance specialist, qualifying at the Frankfurt School of Finance & Management and delivered his Master’s thesis in Law on US Covered Bond legislation.

  • Piotr Cyburt

    Piotr Cyburt

    Chief Executive Officer, mBank Hipoteczny

    Piotr Cyburt

    Piotr Cyburt

    Chief Executive Officer, mBank Hipoteczny

    Piotr Cyburt has been Chief Executive Officer of mBank Hipoteczny
    since 1999 when the first specialist mortgage bank in Poland,
    RHEINHYP-BRE Bank Hipoteczny, now mBank Hipoteczny, was
    established.
    During his professional career Piotr held executive positions in
    the Polish Development Bank, as the Executive Vice President and
    as a Board Member of PBK Bank.
    Piotr has wide experience as a member of supervisory boards
    of financial sector institutions and companies listed on the
    Warsaw Stock Exchange. Since 2011, he has been a member of the Supervisory Board of the Polish Banks’ Association and acted as the Vice-Chairman of the Programme Council of the Mortgage Credit Foundation for several years.

    Between 2004 and 2007, Piotr acted as the Vice-President of the European Mortgage Federation representing Poland and was also a member of the European Covered Bond Council. He has also recently been actively involved in the reform of the Polish covered bond system.

    Piotr holds a PhD in Economics and is a graduate of the Foreign Trade Department at the Warsaw School of Economics (SGH, formerly SGPiS). He also studied at Harvard University and INSEAD.

  • Neil Day

    Neil Day

    Managing Editor, The Covered Bond Report

    Neil Day

    Neil Day

    Managing Editor, The Covered Bond Report

    Neil Day has been Managing Editor of The Covered Bond Report since launching the publication in February 2011, and in September launched Sustainabonds, focusing on green and social bank bonds.

    Neil was previously founding editor of The Cover and worked for more than 10 years at EuroWeek (now GlobalCapital), including a stint as editor. Neil also runs a publication on bank capital and has written about a wide range of capital markets topics. He holds a degree in Philosophy from the London School of Economics.

  • Tobias Engel

    Tobias Engel

    Head of Markets, Aareal Bank

    Tobias Engel

    Tobias Engel

    Head of Markets, Aareal Bank

    Tobias Engel is Head of Markets in the Treasury Department at Aareal Bank, where he has worked since the year 2000.  He is responsible for the market activities such as funding, client derivatives business, operational liquidity, rates and FX-management as well as fixed income investor marketing.

    Before joining Aareal Bank Tobias was with SEB and Commerzbank in sales and risk controlling positions.

    Tobias studied Business Administration at Frankfurt School of Finance & Management, formerly Hochschule für Bankwirtschaft.

  • Eivind Hegelstad

    Eivind Hegelstad

    Chief Financial Officer, Sparebank1 Boligkreditt

    Eivind Hegelstad

    Eivind Hegelstad

    Chief Financial Officer, Sparebank1 Boligkreditt

    Eivind Hegelstad is Chief Financial Officer at Sparebank1 Boligkreditt. 

    Eivind joined SpareBank 1 in 2009 and was prior to this at Citigroup Global Markets from 1998-2008.  He is mainly responsible for investor relations.

    SpareBank 1 Boligkreditt’s (Spabol) parent banks in the SpareBank 1 Alliance are together Norway's second largest financial group with a residential mortgage market share above 20%. The SpareBank 1 banks are retail-focused banks operating exclusively in Norway, with a strong presence in the country's largest cities. The banks pursue their covered bond funding jointly through their wholly owned SparBank 1 Boligkreditt subsidiary.

    Eivind graduated from Germany's Mannheim University in 1996 and was awarded the CFA charter in 2005 by the CFA Institute.  

  • Florian Hillenbrand

    Florian Hillenbrand

    Director, Portfolio Manager, UniCredit Bank

    Florian Hillenbrand

    Florian Hillenbrand

    Director, Portfolio Manager, UniCredit Bank

    Florian Hillenbrand is a Director and Portfolio Manager at UniCredit Bank AG, focusing on European senior financials and covered bonds. Prior to joining UniCredit’s special portfolio management, Florian was an award winning Covered Bond Analyst for more than 11 years. He joined UniCredit Bank AG predecessor institution Bayerische Vereinsbank AG in 1996. Florian has more than 15 years of professional capital market experience, is CFA charterholder and holds a diploma degree in economics from Ludwig-Maximilians-University in Munich.

  • Richard Hopkin

    Richard Hopkin

    Managing Director, Head of Fixed Income Capital Markets, AFME

    Richard Hopkin

    Richard Hopkin

    Managing Director, Head of Fixed Income Capital Markets, AFME

    Richard Hopkin is Head of Fixed Income and a Managing Director in the Securitisation Division at AFME.

    Richard joined AFME in June 2010 after a 25-year career in the law and finance during which he held leadership positions at J.P. Morgan, Deutsche Bank and Société Générale. During his banking career Richard originated, structured and distributed securitisations funding the real economy through a wide variety of asset classes including mortgages, credit cards, auto, consumer and SME loans, from across Europe, Australia and the US.

    Richard has led and negotiated industry positions on many critical regulatory initiatives in recent years, including calibration of the Basel capital and liquidity rules and establishing “simple transparent and comparable securitisation” under the Basel Task Force on Securitisation Markets, as well as rules on risk retention and transparency.  A frequent visitor to Brussels, he has helped rehabilitate the securitisation industry in the eyes of key European policymakers and continues to be a strong advocate for the benefits of securitisation for the European economy.

    Born and brought up in Wales, Richard read law at Cambridge University and before his investment banking career qualified as a solicitor with leading international law firm Clifford Chance.

  • Jürgen Klebe

    Jürgen Klebe

    Senior Director Funding and Investor Relations, Deutsche Hypo

    Jürgen Klebe

    Jürgen Klebe

    Senior Director Funding and Investor Relations, Deutsche Hypo

    Jürgen Klebe is Senior Director Funding and Investor Relations at Deutsche Hypo. He is responsible for the funding activities as well as for the contacts to rating agencies including credit ratings and sustainability ratings.

    Jürgen covers the day-to-day issuing business and is involved in benchmark transactions including investor relations, keeping in contact with all relevant major banks and investors.

    Before joining Deutsche Hypo in 2004 Juergen was in a similar position at Westfaelische Hypothekenbank (WESTHYP) in Dortmund, Germany.

  • Jonas Klink

    Jonas Klink

    Co- Head FIG Trading, Santander

    Jonas Klink

    Jonas Klink

    Co- Head FIG Trading, Santander

    Jonas Klink is Co-Head of FIG Trading and a Business Developer at Santander. After successfully building up an award winning multi-currency Covered Bonds business, he is now leading a team of four, responsible for Covered and Senior Unsecured Bonds as well as ABS.

    Alongside growing the client franchise and supporting primary market activities, Jonas works closely with the e-trading team to discover innovative solutions on how to use and monetize data flow.

    Prior to joining Santander, Jonas worked at Commerzbank as a Bank Bonds Trader at Deutsche Bank, as a Niche Currency Trader and at BNP Paribas as a Product Manager for Equity Derivatives.

    Jonas is a board member of ICMA, responsible for promoting the fixed income market for the Iberian region. He holds a Diploma in Quantitative Economics from the University of Kiel and isa CFA level 3 candidate.

  • Jens Krenchel

    Jens Krenchel

    Executive Director, Head of Brussels Office, FinanceDenmark

    Jens Krenchel

    Jens Krenchel

    Executive Director, Head of Brussels Office, FinanceDenmark

    Jens Valdemar Krenchel, Executive director, Head of the Brussels Office, FinanceDenmark

    Jens Valdemar Krenchel is an Executive director and Head of the Brussels Office at FinanceDenmark.  In his work at FinanceDenmark, Jens is responsible for addressing the European legislative process regarding issues of relevance for the financial industry, presently the risk reduction package, the initiative on regulating covered bonds and the development of the banking union.

    Jens was educated as a lawyer at the University of Copenhagen. Having worked as an academic at the University of Copenhagen and with a scholarship at the Max-Planck Institute in Hamburg, Krenchel moved on to work in the field of corporate law in Copenhagen and in London. After a stint at the Confederation of Danish Industries working with corporate matters, including participation at the OECD working group on corporate governance, Jens was appointed as acting judge at the High Court of Eastern Denmark.

    Subsequently, when based in Brussels, Jens worked in European and international affairs first for the Association of Danish Mortgage Banks and after the merger with the Danish Bankers Association, FinanceDenmark.

    Jens was previously an associate professor at the Universities of Copenhagen and the University of Southern Denmark (at Odense), published several books and scientific articles on legal issues

    Jens participated in a number of government committees, including the Danish securities issuers oversight board, the public accountants' oversight board as well as the public accountants' oversight board.

  • Johannes Rudolph

    Johannes Rudolph

    Global Head Covered Bonds and SSA Bonds, ING Bank

    Johannes Rudolph

    Johannes Rudolph

    Global Head Covered Bonds and SSA Bonds, ING Bank

    Johannes Rudolph is Global Head of Covered Bonds and SSA Bonds at ING Bank.

    He joined ING Bank in 2013 and is responsible for coordinating covered bond and SSA investments for the group treasury (EUR27bn). He also directly manages the covered bond and SSA portfolio for the Dutch part of ING Bank.

    Johannes holds a degree in Economics from the University of Heidelberg and has 18 years of experience in the bond market.

  • Bill Thornhill

    Bill Thornhill

    Editor, The Cover

    Bill Thornhill

    Bill Thornhill

    Editor, The Cover

    Bill became Editor of The Cover in 2010, having previously worked at International Financing Review, where he was Assistant Editor on structured finance.

    Previously, Bill worked as an Economist and Bond Analyst with Thomson Financial and has more than 30 years financial market experience.

    He qualified from Lancaster University with a Masters in Business Analysis.

  • Jens Tolckmitt

    Jens Tolckmitt

    Chief Executive, vdp (Association of German Pfandbrief Banks)

    Jens Tolckmitt

    Jens Tolckmitt

    Chief Executive, vdp (Association of German Pfandbrief Banks)

    Jens was appointed Chief Executive of the Association of German Pfandbrief Banks (vdp) in June 2009.

    Before joining vdp, Jens served as the Managing Director of the Association of Foreign Banks (VAB) in Germany from 2003 to 2009. Between 1998 and 2002, Jens held several positions for the Association of German Mortgage Banks – vdp’s predecessor organisation – in Bonn and Berlin. In his final role with the association, he headed the capital markets department.

    Jens studied economics, specialising in monetary macroeconomics and finance, and graduated in 1998. 

  • Victoria Webster

    Victoria Webster

    Director, Fixed Income, AFME

    Victoria Webster

    Victoria Webster

    Director, Fixed Income, AFME

    Victoria Webster is AFME’s Director of Fixed Income, having joined the association in November 2015. Victoria is responsible for the AFME Primary Dealers, Credit and Covered Bond Boards, focusing on developments in regulation, policy and market structure.

    Victoria has more than 19 years of fixed income experience in banking, vendor sales, broking and market making. Prior to joining AFME, Victoria worked at Barclays Investment Bank focused on fixed income electronic trading.

  • Bernhard Zahel

    Bernhard Zahel

    Portfolio Manager, Fixed Income, Deutsche Asset Management

    Bernhard Zahel

    Bernhard Zahel

    Portfolio Manager, Fixed Income, Deutsche Asset Management

    Bernhard Zahel is a Portfolio Manager for fixed income Securities at Deutsche Asset Management in Frankfurt with a focus on covered and government bonds. His role includes the active management of various investment funds and he is responsible as a specialist for certain markets such as Italian or Nordic covered bonds.

    Bernhard began his career as a Credit Analyst for German mid-cap clients at Deutsche Bank. In 2004 he moved to DWS Investment in Frankfurt, where he has worked as a Trader, an Analyst as well as a Portfolio Manager with responsibilities for different asset classes including structured products, such as asset and mortgage backed securities (ABS/MBS) and collateralized loan obligations (CLO) as well as covered and government bonds.

    From 2014 to 2015 Bernhard has been delegated by Deutsche Asset Management to exclusively work in the advisory of European Central Bank within the ABS purchase program (ABSPP).

    In 2001 Bernhard finalized his studies of economics in the University of Bonn and the Copenhagen Business School with a masters’ degree.