11th Annual European High Yield Conference | afme

11th Annual European High Yield Conference

18 Oct 2016 etc venues St. Paul's, London

Agenda

Conference materials:

  • Morning keynote address: Brexit from a macro and political economy stand point Download the presentation here.
  • Panel 5: Investment strategies panel – Why high yield? Download the presentation here
  • Panel 6: High Yield Question Time, Cornelia Holthausen, ECB. Download the presentation here
08:30

Conference registration and refreshments

09:00

Welcome and introduction
Youssef Khlat, Managing Director-Global Head of High Yield Capital Markets, Crédit Agricole, and Chair of the High Yield Board, AFME
Gary Simmons, Managing Director, High Yield and Prime Services, AFME

 

09:10

Morning keynote address: Brexit from a macro and political economy stand point
George Magnus, Senior Independent Economic Adviser, UBS and Associate of the China Centre, Oxford University
Introduced by: Simon Lewis OBE, Chief Executive, AFME

09:50

Panel 1: Heads of high yield panel discussion
Conversation with the industry leading heads of high yield and leveraged finance, discussing current major issues, trends and expectations.

Moderator: Kevin Muzilla, Partner, Allen & Overy

Panellists:
Tanneguy de Carné, Global Head of High Yield Capital Markets, Société Générale, Corporate Investment Banking
Luke Gillam, Co-Head of EMEA Leverage Capital Markets, Goldman Sachs International
Michael Moravec, Managing Director, Head of Leveraged Finance, EMEA, Barclays
Chris Munro, Co-Head of EMEA Leveraged Finance and Head of EMEA Loans, Bank of America Merrill Lynch

10:40

Networking break

11:10

Panel 2: Restructuring in European high yield deals and case studies
Reviewing recent developments in global restricting cases such as Marblegate and Assenagon: the panel of industry experts will assess the potential for distressed debt exchanges in Europe and issues relating to cram down and valuation.

Moderator: Christopher Foley, Managing Director, Houlihan Lokey

Panellists:
Jake Keaveny, Partner, Allen & Overy
Sarah Mook, Managing Director, Restructuring and Distressed Financing, Goldman Sachs International
Sarah Paterson, Assistant Professor of Law, London School of Economics
Andrew Wilkinson, Partner, Weil, Gotshal & Manges

12:00

Presentation: Effects of MAR on the High Yield Market
Brad Weyland, Counsel, Latham & Watkins

12:10

Panel 3: Issuer’s roundtable – How do I live with my bond?
Interview-style conversation with issuers to discuss their experiences in the European high yield market, including completing a high yield bond transaction as well as living with high yield covenants.

Moderator: Michael Dakin, Partner, Clifford Chance

Panellists:
Christian Knitzschke, Head of High Yield Syndicate Europe, BBVA
Vincent Marcel, Chief Financial Officer, SYNLAB
John Quinn, CEO and Managing Director Europe, LKQ Corporation

13:00

Networking lunch

14:00

AFME update on insolvency reform
Gary Simmons, Managing Director, High Yield and Prime Services, AFME

14:10

Afternoon keynote address: 2016 - Burning the consensus view
Helena Morrissey CBE, Non-Executive Director, Chair of the Board, Newton Investment Management
Introduced by Simon Lewis OBE, Chief Executive, AFME

14:50

Panel 4: AFME update: Disclosure, reporting and covenants – How far have we come and what needs to be done?
Cross sector debate covering the impact of MAR on disclosure and transparency, covenant trends, US practices vs Europe and buyside representation on deals.

Moderator: Paul Clews, Partner, White & Case

Panellists:
Mathias Blumschein, Managing Director and Co-Head of High Yield Debt Capital Markets, ING
Simone Bono, Partner, Freshfields Bruckhaus Deringer
Pierre-Marie Boury, Partner, Cleary Gottlieb
Sabrina Fox, Co-Head of European Research, Covenant Review
Tatjana Greil Castro, Portfolio Manager, Muzinich
Martin Reeves, Head of Global High Yield, Legal & General Investment Management

15:40

Networking break

16:00

Panel 5: Investment strategies panel – Why high yield?
Leading financial strategists discuss the key factors effecting fund allocation decisions and what drives allocation to the high yield market?

Moderator: Ed Eyerman, Managing Director and Head of European Leveraged Finance, Fitch Ratings

Panellists:
Ben Bennett, Head of Credit Strategy, Legal & General Investment Management
Hans Lorenzen, Head of European Credit Strategy, Citi
David Riley, Partner, Head of Credit Strategy, BlueBay Asset Management
Srikanth Sankaran, Executive Director and the Head of European Credit Strategy, Morgan Stanley
Mikkel Velin, Partner, High Yield Portfolio Manager, Rogge Global Partners

16:50

Panel 6: High yield question time – What is the proper role of government policy on financial markets?
Interactive and wide ranging discussion featuring financial and economic experts in policies related to financial markets.

Moderator: Tony Lopez, Partner, DLA Piper

Panellists:
Rodolphe Blavy, Assistant Director and Senior Economist, IMF Europe Office
Francesco Guerrera, Associate Editor, Chief Financial Correspondent, POLITICO
Cornelia Holthausen, Deputy Director General, DG Market Operations, European Central Bank
Paul Watters, Senior Director and Head of Corporate Research, S&P Global Ratings

17:40

Conference closing remarks
Gary Simmons
, Managing Director, High Yield and Prime Services, AFME

17:45

Drinks reception