Chairman, Instituto de Crédito Oficial (ICO)
Pablo was appointed Chairman of ICO by Royal Decree 537/2016 of 18 November. He holds a degree in Business Administration and Management from the Universidad de Navarra and an executive MBA from the London Business School. He has also studied Economics at the University of Leicester (UK) under the Erasmus programme.
From 2009 until his appointment as Chairman of ICO, he was a Member of the European Parliament in Brussels and Strasbourg. Since 2011, he has been Vice-Chairman of the Committee on Economic and Monetary Affairs and since 2014 he has also been the Coordinator of "European Dialogue" at the Universidad de Navarra.
Prior to being a Member of the European Parliament, he held different management positions in private companies, namely SIC Lázaro, COMANSA and Arcelor Mittal.
Deputy Secretary General, IOSCO
Tajinder has been Deputy Secretary General of the International Organization of Securities Commissions (IOSCO) for the past 7 years. Previously he was Head of International Affairs & Human Resource Development and Advisor to the Chairman in the Securities and Exchange Board of India (SEBI).
Coming from the Indian Administrative Service, Tajinder has held various positions in the Ministry of Finance in the Government of India, as well as handling a number of assignments for the government in the financial and other sectors. He was Vice-Chairman of the Implementation Task Force of IOSCO, and played a key role in organizing the IOSCO Annual Conference in Mumbai in 2007.
Tajinder holds a Master’s degree in Systems Science and Automation from the Indian Institute of Science (IISc), Bangalore, and graduated in Electrical and Electronics Engineering from the Indian Institute of Technology (IIT), Kanpur.
Secretary General, Spanish Mortgage Association
Gregorio is currently an independent lawyer, specialised in financial legislation. Since 2009 he also runs the post of Secretary General of the Spanish Mortgage Association. Previously, he worked in the Public Administration, firstly as Abogado del Estado and then as Deputy Director General for Financial Legislation and Policy in the Spanish Treasury.
Between 1995-2003, he held the position of Secretary General of AB Asesores and Morgan Stanley España. Before that Gregorio was also a member of the Banking Advisory Committee of the European Commission and of the CNMV (National Securities Market Commission) Consultative Committee.
Associate Director, Securitisation, AFME
Anna Bak is responsible for developing positions on a wide variety of securitisation related topics, and then representing those positions to the European institutions, international organisations as well as a wide range of national authorities.
Anna joined AFME in February 2014. Since then she has been involved in negotiating industry standpoints on many critical regulatory initiatives, including calibration of the Basel capital and liquidity rules, Solvency 2 rules, derivatives and transparency rules as well as establishing “simple transparent and standardised securitisation” under the European securitisation framework.
Earlier in her career Anna was a transaction lawyer in Amsterdam. Previously, she worked at TMF Group and later at Citco where she spent 6 years working on variety of ABS transactions, including RMBS, SME and auto-loans structures. Anna holds an LL.M degree from the University of Utrecht (the Netherlands) with specialisation in European Law and a Master of Law degree from the University of Lodz (Poland).
Vice President, Senior Credit Officer, EMEA Structured Finance Group, Moody’s Investors Service
Alberto is based in Madrid as Vice President, Senior Credit Officer for the EMEA Structured Finance Group. Alberto joined the surveillance team within Moody’s Structured Finance Group in 2001 where he was responsible for monitoring the performance of Spanish securitisation transactions. In 2002, he moved to the primary team focusing on the Iberian securitisation market. Since joining, Alberto has played an important role in the growth of the Madrid structured finance team mentoring new analysts, co-authoring or leading the publication of reports on the Spanish securitisation market, speaking in external conferences and taking part in investor and arranger meetings.
Prior to joining Moody’s, Alberto worked at Banco Zaragozano in the internal audit department. He holds a diploma in Business Science where he received a special award for graduating the top of his class and he holds a degree in Business Administration by Universidad Complutense de Madrid (Centro Universitario Francisco de Vitoria).
Deputy Director General for Strategic Analysis and International Financial System, Spanish Treasury
With a degree in Law and a degree in Economics from Complutense University (Madrid) and a Master’s degree in Public Management from the Spanish Institute of Fiscal Studies, Juan became a State Economist in 2009 and have since been working at the Spanish Treasury.
As Deputy Director General for Strategic Analysis and International Financial System, Juan is responsible for the drafting of daily, weekly and monthly reports on financial markets, the follow-up of international financial regulation and the Spanish position at the G20 Finance Track and the IMF.
General Manager, Savia Financiación
Aitor is the General Manager at Savia Financiación (SAF), a specialized financing company that provides short term working capital funding solutions to Spanish SMEs and corporates. Before that, Aitor was Global Head of Loan Syndications at Santander until 2016, where his main responsibilities were corporate loan origination and syndicate underwriting and distribution for all the loan asset classes.
With more than 22 years of experience in the financial markets (sales and trading, distribution and debt arranging in both bonds and loans), he was Board Member of LMA (Loan Markets Association) from 2010 to 2016.
Aitor holds a Master’s degree in Financial Markets by the Fundación San Pablo-C.E.U. and is an associated professor at Instituto de Estudios Bursatiles (I.E.B.). He is also a coach by the ‘Escuela Europea de Coaching’ and runs health and educational projects in Uganda.
Managing Director, Head of Private Debt Mobilisation, Notes & Structuring, Santander Global Corporate Banking
Steve is a Managing Director, Global Head of Private Debt Mobilisation, Notes and Structuring for Santander Global Corporate Banking in London.
He has over 27 years of experience in the securitisation industry, having completed transactions in Europe, the United States, Latin America and Asia. He serves on the Board of Directors of the European Data Warehouse, and has also served as Member Chairman of the Securitisation forum of AFME, where he participated in the development of the PCS initiative, currently serving at the chairman of the PCS Market Committee. Steve is also the chairman of the Securitisation Working Group of the European Banking Federation.
He holds a Bachelor’s degree in Arts in Linguistics from the University of Texas, and an MBA from Thunderbird, the American Graduate School of International Management, where he also won the Barton Kyle Yount Award.
Head of Treasury and Capital Markets, Caja Rural de Navarra
Miguel is the Head of Treasury and Capital Markets at Caja Rural de Navarra (CRN, Pamplona) since 2000, where he is responsible for the bank's liquidity management and funding. CRN is a member of UNACC and of the Spanish Caja Rural Group Association (AECR, Madrid), where Miguel participates in working groups and task forces devoted to implement and develop Capital Markets related issues at a national level.
Previously he has worked in several positions in the credit risk and corporate departments for this Spanish regional cooperative bank and in 1993 he graduated in Economics from Deusto University (Bilbao). Miguel is also a member of the Financial Markets Working Group of the European Association of Cooperative Banks (EACB, Brussels).
Senior Director, Structured Finance, Fitch Ratings
Juan David is a Senior Director within Fitch Ratings’ European Structured Finance group, based in Madrid. He manages the team that conducts the rating analysis of structured finance and covered bond transactions in Spain, Portugal and Greece.
Juan re-joined the agency in 2011 after working at Deutsche Bank as Head of the Independent Valuations Team covering European securitisation bonds and illiquid portfolios. Prior to that, he worked at Fitch Ratings in London and Madrid, and at ING Bank and Banco Santander in Spain and Colombia respectively, as a corporate credit analyst. Juan also worked as a business consultant at Accenture in the UK.
He has a B.A. in Economics from the Universidad Rosario in Bogotá, Colombia, and an M.A. in International Business from the University of North London, in the UK.
President and CEO, Arch Mortgage Insurance
Giuliano is President and Chief Executive Officer of Arch Mortgage, based in Dublin, since 2014, an “A” rated insurer providing credit risk protection on residential mortgages across Europe.
He started his career as a Strategy Consultant with McKinsey & Co. between 1994 and 2000 focusing on financial institutions and since then he has held several entrepreneurial and managerial roles in insurance, corporate finance and real estate.
Giuliano is a fellow of the institute of Actuaries and holds an M.Sc. in Electronic Engineering from Politecnico di Milano and an M.B.A. from Insead.
Managing Director, Head of Fixed Income, Capital Markets, AFME
Richard is Head of Fixed Income and a Managing Director in the Securitisation Division. He joined AFME in June 2010 after a 25-year career in law and finance during which he held leadership positions at J.P. Morgan, Deutsche Bank and Société Générale. 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. Richard read law at Cambridge University and before his investment banking career qualified as a solicitor with leading international law firm Clifford Chance.
Head of EMEA Structured Finance, Commercial, S&P Global Ratings
As Commercial Head of EMEA Structured Finance, Matthew is responsible for client relationships across ABS, RMBS, CMBS, Structured Credit and Covered Bond markets in the region. This includes the delivery of commercial strategy as well as the coordination of teams covering research, sales, investor relations and marketing.
Prior to his current role, he was Head of the Structured Credit group, with responsibility for ratings of cash and synthetic CLO, CDO and SME transactions. Previously, Matt was also Head of the ABS and ABCP group, with responsibility for ratings across a range of asset classes. Since joining the Company in 2007, he has been responsible for the rating of structured transactions across asset types and jurisdictions, as well as authoring thought leadership and ratings criteria publications. Prior to joining S&P Global Ratings, Matt worked at HBOS for nine years, where he worked in a number of senior analytical roles in both Treasury ALM and Credit Risk functions.
Head of EU Structured Finance Research, DBRS
Gordon heads the European Structured Finance Research at DBRS. He publishes commentary and insight on all aspects of secured investing, and updates the market on issues concerning covered bonds and securitisation in Europe.
Before DBRS, Gordon spent nine years in research and trading at Citi – covering securitised products, covered bonds and corporate credit. He is a graduate of the Schulich School of Business in Toronto, Ontario, Canada, where he obtained a Master’s degree in Business Administration. He also holds a Science degree from Acadia University.
Policy Expert, Securitisation and Covered Bonds, European Banking Authority
Jana is responsible for regulation and policy issues in the area of securitisation and covered bonds within the capital markets union team in the regulation department of the European Banking Authority. As part of this role, Jana has worked on the development of several EBA regulatory products and recommendations, including the interpretation of the STS securitisation criteria, homogeneity in securitisation, aspects of the significant risk transfer, and EU harmonisation of the covered bonds.
Jana joined the European Banking Authority in 2012. Prior to this position, she worked as State Advisor in the area of EU financial and banking regulation at the Ministry of Finance in Slovakia. Jana holds a Master in Economics from the University of Economics in Bratislava and another Master in International Relations from Cambridge University in the UK.
Senior Transactor, Asset Finance and Securitisation, BNP Paribas
Alexandre has over 20 years of experience in the European credit markets. He is now a Senior Transactor in Asset Finance and Securitisation (AFS) at BNP Paribas with a focus on commercial real estate and project finance transactions.
Before joining AFS, he worked as a Senior Director at Fitch Ratings and as Risk Manager at BNP Paribas and Barclays Capital. Alexandre is a graduate of École Supérieure des Sciences Economiques et Commerciales (ESSEC) and is a CFA charter holder.
Head of European Credit Research, BBVA
Agustín is the Head of European Credit Research for BBVA, based in London. The credit research team covers European banks, investment grade and high yield industrial corporates, public sector and agencies and structured credit, with a focus on Southern Europe countries and credits. Agustín joined BBVA in 2005 after completing his Master’s degree in Electrical Engineering, having previously worked in the Spanish utilities sector.
In the covered bonds space, he is a frequent collaborator and author of research papers in flagship publications and websites such as The Cover, The Covered Bond Report, the European Mortgage Federation and IFLR among others, being as well a frequent panelist and collaborator with the European Covered Bond Council. He also holds a B.Sc. in Electrical Engineering and a M.Sc. in Advanced Econometrics and Statistics Applied to Electrical Engineering, both by the Universidad Pontificia de Comillas.
Executive Director, Head of Public Affairs, CaixaBank
After 15 years in the oil industry, both in Europe and in the US, Jean was General Counsel of Eurotunnel in London. He also practised European Law in Brussels with the French law firm Gide Loyrette Novel and then joined Group BPCE in Paris as General Counsel, being in charge of European and International Affairs.
He joined Caixabank in Barcelona in February 2016 as Executive Director, Head of Public Affairs in Barcelona. He also chairs the bank Regulation Committee and is the Vice Chairman of the European Banking Industry Committee.
Global Head of ABS, ING Bank
Harry has structured over €100bn of RMBS, CMBS, ABS and CDO transactions during his career. Since 2013, he has served as Global Head of ABS for ING Bank, responsible for its ABS investment portfolio and reporting directly to the CIO of ING Bank Treasury. Prior to this, he managed ING Direct’s ABS portfolio, based in Amsterdam, after joining the bank in 2011.
Before ING, Harry was based in London, working for Santander, where he built the structuring and modelling capabilities of the securitisation team. Before this, he was a Vice President at Bank of America where he was responsible for modelling and structuring consumer ABS, RMBS, CMBS, CDO and trade receivables, as well as originating transactions for the bank’s own conduits.
Prior to Bank of America, Harry worked for CSFB in London, where he strengthened the research and modelling capabilities of the securitisation team. He has a Master’s degree in Financial Engineering and Quantitative Analysis from the ISMA Centre in the UK. He speaks fluent Greek, English and Polish.
Director, Public Policy and Advocacy, AFME
Pablo Portugal is a Director in AFME’s Public Policy and Advocacy Division, based in Brussels. His focus is analysis and engagement across Europe on capital markets and securities regulation, market liquidity, bank structural reform and shadow banking.
Prior to joining AFME, Pablo was engaged for six years with the Institute of Chartered Accountants in England and Wales, where he worked in several financial reporting, auditing and financial sector areas. His previous experience includes roles in Brussels-based policy organisations and the United Nations. He has also contributed to various business and finance publications and speaks English, Spanish, French and Italian.
Born in Peru, Pablo holds a B.Sc. Econ from the University of Wales, Aberystwyth, and a Master’s degree in Political Theory from the London School of Economics.
Head of Sustainable Bonds Group, BBVA
Julián is Head of Sustainable Bonds Group at BBVA and has been recently appointed to run a new project to develop sustainable markets. He has more than 25 years of experience in the capital markets industry and currently represents BBVA as member of the Green Bond Principles.
Previously Julián run the Bond Syndicate desk based in London, after joining the credit department in 2000. Prior to Syndication, he worked in Argentaria and in Dresdner Bank AG , gaining experience in different market departments (derivatives, FX and government bonds).
He holds a B.Sc. in Economics from Universidad Complutense de Madrid and a Master’s degree in Responsible Banking Management by the IEB in Madrid. Julián also completed a Sustainable e-course by University of Columbia.
Public Policy Director, Spanish Banking Association (AEB)
Rocío is the Public Policy Director of the Spanish Banking Association since September 2016. With a degree in Marine Engineering, she is also a member of the Commercial Technicians and State Economists Corps of the Spanish administration.
Rocío has held manager positions in the General Secretariat of the Treasury and Financial Policy of Spain in all areas concerning financial stability, financial regulation, international economy and financial markets. She has also participated in the main European forums including Economic and Financial Affairs Council Configuration (ECOFIN), Economic and Financial Committee and Financial Services Committee, as well as other international forums (FSB, G20, FMI, and OECD).
In Spain, she actively contributed in the development and reform of the Spanish Banking system, with a distinguished involvement in the resistance tests, the creation of the SAREB (Company for the Management of Assets proceeding from Restructuring of the Banking System) and other work projects related to the macro prudential supervision of the system.
Structured Finance Manager, European Investment Fund
Pablo is a Structured Finance Manager at EIF with direct responsibility on the ABS investment operations in Iberia. Before joining the EIF, Pablo worked for Banco Santander, having structured credit sales and responsibilities within the Treasury and Capital Markets division. He worked in innovative funding and regulatory transactions for institutional clients all across Europe.
Before joining Banco Santander, Pablo had several responsibilities in Banco Español de Crédito in the Treasury and Capital Markets area as well as in the Credit Portfolio Management team. While in Spain, Pablo was a frequent lecturer in several business schools.
Pablo holds a B.Sc. in Telecommunications Engineering by the Universidad Politécnica de Madrid and an M.Sc. in Telecommunications by King’s College London.
Managing Director, High Yield and Prime Services, AFME
Gary is the Managing Director of the AFME High Yield division, for which he leads AFME’s efforts to lower costs and increase efficiency in the execution of high-yield transactions, and lobbies for the reform of corporate insolvency laws. He also heads the AFME Prime Services division, which monitors business, legal and regulatory issues affecting the prime brokerage industry, and provides advocacy for member positions.
Gary is a New York-qualified lawyer and was previously a senior associate at Cleary, Gottlieb, Steen & Hamilton. After an initial period in New York, Gary spent several years in London, gaining extensive experience in cross border and emerging markets debt transactions, particularly high-yield bond issuances and leveraged loans. He has a Juris Doctor from Rutgers University School of Law (with honours) and a B.A. (with highest honours) from Rutgers University. Following law school, Gary was a law clerk to the Honourable William H. Walls of the United States Federal District Court, District of New Jersey.
Director, Structured Finance, Banco Caminos
Julio started working at Banco Santander in 1997 in the securitisation department, structuring and managing Santander’s deals, for both the parent company and its subsidiaries all around the world. Julio has worked with multiple underlying assets (RMBS, ABS, Car Loans, SME’s) on a broad range of jurisdictions: Spain, Portugal, Germany, Italy, Ireland and the US.
Some of his major achievements are the structuring of the first Spanish ABCP program as well as its restructuring to reduce the liquidity line, and the first Spanish synthetic deal: HESPERIC no1.
In 2007 he moved to ABN AMRO to cover the structuring and origination side of Spanish & Portuguese ABS. In 2009 he joined Banco Caminos with a group of ex-colleagues from ABM AMRO to set up the Bank's fixed income desk to service the bank’s ALM and AM units. Three years ago, Banco Caminos was selected as one of the advisors for the ABSPP by Bank of Spain, currently continuing with the role.
Director, Fixed Income, AFME
Victoria is AFME’s Director of Fixed Income, having joined the association in November 2015. She 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 in a role focused on fixed income electronic trading.