The Global Borrowers & Investors Forum


Jean Boivin

Deputy Chief Investment Strategist

BlackRock Investment Institute

Jean Boivin, PhD, is managing director and deputy chief investment strategist of the BlackRock Investment Institute

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Seth Carpenter

Acting Assistant Secretary for Financial Markets

US Department of the Treasury

Seth Carpenter was nominated for assistant secretary in 2014 and made acting early this year. Previously, from 2013 to 2014, Dr Carpenter served as the deputy assistant secretary for economic policy at Treasury.

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Vernon Hill

Chairman and Founder

Metro Bank

Vernon Hill is chairman and founder of Metro Bank. He is often credited with reinventing American banking.

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Sir John Sawers

Former Chief


Sir John Sawers is chairman of Macro Advisory Partners, a geo-political advisory firm. Sir John was previously chief of Britain’s Secret Intelligence Service, MI6, during which he modernised the Service and led it through major changes in operations, technology, compliance and public accountability

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Fredrik Altmann

Director of Corporate Finance

BMW Group

Fredrik Altmann is director of corporate finance, steering treasury center. Fredrik has global responsibility for the BMW Group’s capital market activity including debt and equity financing, structured finance operations and the overall risk management of currencies, interest rates, commodities and liquidity.

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Andrea Balzarini

Head of Finance and Insurance

Telecom Italia

Andrea Balzarini is head of finance and insurance at Telecom Italia, a leading company in the ICT business.

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Graham Bippart

Fixed Income Editor


Graham Bippart is fixed income editor at GlobalCapital, where he is a senior member of the editorial team. He writes on topics ranging from securitisation to regulation to bank finance. Graham joined the publication’s London office in 2014, after two years as managing editor of Total Securitization in New York.

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Zeynep Boğa

Head of International Capital Markets Department

Turkish Treasury

Zeynep Boğa has been working for the Undersecretariat of Turkish Treasury for ten years and is currently the head of the international capital markets department.

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Rando Bruns

Head of Group Treasury

Merck KGaA

Rando Bruns is group treasurer of Merck KGaA. He has global responsibility for cash and risk management, funding, asset management as well as insurance. Before joining Merck in 2005, Rando Bruns spent eight years in various finance functions in the automotive and machine building industry.

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Elizabeth Callaghan

Director, Market Practice and Regulatory Policy

International Capital Markets Association

Elizabeth Callaghan’s background is in front office (CF 30) fixed income and equities electronic trading (investment banks, brokers and MTFs). In the past few years, Liz has focused on market structure and regulatory strategy.

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Maria Cannata

Director General of Public Debt

Ministry of Economy and Finance, Italy

Maria Cannata is director general of public debt management in the Treasury Department of the Italian Ministry of Economy and Finance as of December 2000.

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Cristina Casalinho

Chairman and Chief Executive Officer

Portuguese Treasury and Debt Management Agency

Cristina Casalinho has a degree in economics by the Faculty of Economic Business Sciences of Universidade Católica Portuguesa and an MSc in business by Universidade Nova de Lisboa.

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Aidan Corcoran

Head of Global Macro and Asset Allocation


Aidan Corcoran joined KKR in 2014 and is a member of the global macro and asset allocation team, with responsibility for EMEA. Before joining KKR, Dr Corcoran was chief economist at Avoca Capital, a leading European credit manager with €6bn assets under management, for four years. 

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Antonio Cordero

Deputy Director, Head of Funding and Treasury

Instituto de Credito Oficial

Antonio Cordero has a degree in economics and business studies from Universidad Autónoma de Madrid (1992) and took the IESE’s program for management development (PMD) in 2002. His career began in the administration department at the head office of Credit Lyonnais España before he joined Instituto de Crédito Oficial in

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Frank Czichowski

Senior Vice President and Treasurer


Frank Czichowski joined KfW in 1989. He has been treasurer at KfW since 1 July 2004, and is responsible for liquidity management, funding, asset liability management and portfolio management.

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Kapil Damani

Head of Capital Products, DCM Solutions

BNP Paribas

Kapil Damani is global head of BNP Paribas’ capital products team and is responsible for providing strategic capital solutions through capital management, capital raising, and liability management for banks, insurers, and corporates around the world. Kapil has extensive experience in regulatory, ratings, accounting and tax related matters.

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Thierry de Longuemar

Vice President, Finance and Risk Management

Asian Deveopment Bank

Thierry de Longuemar is the vice president (finance and risk management) of the Asian Development Bank (ADB) since January 2013 after having served as vice president (finance and administration), a position he assumed in November 2011.

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Bertrand de Mazières

Director General, Finance

European Investment Bank

Bertrand de Mazières earned degrees in business (Ecole des Hautes Etudes Commerciales 1978) and in law (Université de Paris 1979) and joined the French Treasury on graduating from l’Ecole Nationale d’Administration in 1982.

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Tammo Diemer

Co-Chief Executive Officer

German Finance Agency

Tammo Diemer was educated at Rheinische Friedrich-Wilhelms-University Bonn, Germany and at the University of Warwick, Coventry, UK. He holds a degree in mathematics and achieved a master of science. In 1999, he completed his PhD in mathematics at University Bonn. 

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Richard Dobbs


McKinsey Global Institute

Richard Dobbs is a director of the McKinsey Global Institute and also a director in McKinsey's London office. At the McKinsey Global Institute, he has lead research on urbanisation, technology, and capital markets.

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Charles Dumas


Lombard Street Research

Charles Dumas has been with Lombard Street Research since 1998. His work encompasses global issues, including China, the Eurozone and Japan and he is a recognised authority on financial markets and the world economy.

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Martin Egan

Global Head of Primary Markets and Origination

BNP Paribas

Martin Egan is the global head of primary markets and origination at BNP Paribas, encapsulating syndicate, debt capital markets and securitisation. Martin also co-heads the management of the corporate sales and marketing for IR, FX and credit hedging products and global

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Lars Eibeholm

Vice President and Head of Treasury

Nordic Investment Bank

Lars Eibeholm is responsible for the bank’s treasury activities, which include capital markets, asset and liability management and the liquidity portfolio. In addition to this, he is a member of the bank's asset and liability committee (ALCO) and the credit and finance committees.

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Richard Ensor


Euromoney Institutional Investor PLC

Richard Ensor is the chairman of Euromoney Institutional Investor PLC. He joined the company in 1976 and was appointed an executive director in 1983. He is also a director of Internet Securities, Inc. and BCA Research, Inc. and an outside member of the finance

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Gabriel Felpeto

Corporate Director of Financial Policies and International Bond Issues,

CAF- Development Bank of Latin America

Gabriel Felpeto is corporate director of financial policies and international bond issues at CAF, Development Bank of Latin America. He is responsible for the important presence of the corporation in the international capital markets and for the relationship with the rating agencies.

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Esther Finnbogadóttir

Head of Funding and Debt Management

Ministry of Finance and Economic Affairs, Iceland

Esther Finnbogadóttir is the head of funding and debt management at the Icelandic Ministry of Finance and Economic Affairs. She holds an MBA degree from Reykjavik University and a cand.

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Elena Flores

Director, Policy Strategy and Co-ordination

European Commission

Elena Flores, director, policy strategy and coordination, directorate general for economic and financial affairs, European Commission since 2011. Previously, she was director, Economies of Member States II (from 2007) and head of the unit for public finance in the euro area and the EU (from 2002).

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Christophe Frankel

Chief Financial Officer and Deputy Managing Director

European Stability Mechanism (ESM)

Christophe Frankel has been the chief financial officer and deputy managing director of the European Stability Mechanism (ESM) since its foundation. He is also chief financial officer and deputy chief executive officer of EFSF, a position he has held since the creation

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Christopher Garnett

Senior External Adviser

Euromoney Conferences

Christopher Garnett is senior external adviser to Euromoney Conferences. He worked in various roles at Euromoney Institutional Investor from 1988.

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Marc Hellingrath

Head of Financials

Union Investment

Marc Hellingrath joined Union Investment in August 2004 as a fixed-income fund manager for European banks. As a senior portfolio manager he is responsible for different funds with focus on corporate bonds. Since January 2007 he has headed the financials corporate bond team.

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Carlos Herrera


Inter-American Development Bank

Carlos Herrera is currently serving, on an interim basis, as treasury division chief in the finance department of the Inter-American Development Bank (IADB). He is responsible for the funding of the Bank’s balance sheet, day-to-day liquidity management, investing the Bank’s liquidity, as well as all associated Treasury operations.

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Doris Herrera-Pol

Director and Global Head of Capital Markets

The World Bank Treasury

Doris Herrera‐Pol is global head of capital markets at the World Bank. Her team is responsible for designing the World Bank's funding strategy and managing its annual multi‐currency funding programme in global money, capital and derivatives markets, including the design and launch of new products, such as the World Bank's

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Dietmar Hornung

Associate Managing Director

Moody's Investors Service

Dietmar Hornung, associate managing director, leads the sovereign risk group’s European team, covering the European countries and the European supranationals.

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Dhaval Joshi

Chief Strategist, European Investment Strategy

BCA Research

Dhaval Joshi joined BCA Research in 2011 as chief strategist of the European Investment Strategy service. Before joining BCA, he held positions as chief strategist at RAB Capital, a UK based

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Richard Kemmish


Euromoney Conferences

Richard Kemmish is an independent consultant specialising in the covered bond market. He has over 20 years of experience in the mortgage finance market working initially on mortgage securitisations (until it became fashionable) and subsequently on covered bonds.

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Christine Kenny

Managing Director

Loomis Sayles Investments Limited

Christine Kenny is a managing director of Loomis Sayles Investments Limited (LSI), Loomis Sayles’ London-based entity. With more than 25 years of experience in the investment industry, she is a senior market strategist for the firm’s fixed income group and she also serves as chief compliance officer.

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Bogdan Klimaszewski

Deputy Director of Public Debt Department

Ministry of Finance, Government of Poland

Bogdan Klimaszewski graduated from Gdańsk University in 1993, then in the 1994 to 1996 he studied at the National School of Public Administration - postgraduate study. Subsequently, he worked for the City Hall of Warsaw and then for the Supreme

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Moritz Kraemer

Managing Director and Sovereign Global Chief Rating Officer

S&P Global Ratings

Moritz Kraemer, a German national, joined S&P Global Ratings in 2001. He is a managing director and global chief rating officer for S&P Global Ratings Group.

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Spencer Lake

Group General Manager and Vice Chairman, Global Banking and Markets


Spencer Lake was appointed vice chairman of GBM in February 2016. Before that Spencer was global head of capital financing since August 2013. Capital Financing houses HSBC’s investment banking products including DCM, ECM, M&A, leveraged and acquisition finance, lending, project and export finance, and asset finance.

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Anne Leclercq

Director of Treasury and Capital Markets

Belgian Debt Agency

Anne Leclercq is the director of treasury and capital markets at the Belgian Debt Agency in Belgium. Anne is responsible for defining the financing strategy, managing the annual funding program in capital and derivatives markets and carrying out the cash management operations.

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Timo Löyttyniemi

Vice Chair

Single Resolution Board

Timo Löyttyniemi is the vice chair for the Single Resolution Board (SRB) which is the new EU resolution agency. He started as a member of the board in March 2015. Before joining the SRB, he has been the managing director of the Finnish Government’s State Pension Fund from 2003 to

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George Magnus

Economist and Author

George Magnus, who served as UBS chief economist from 1995 to 2005, is now an independent economist, senior economic advisor at UBS, and an associate at the China Centre, Oxford University.

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Monish Mahurkar

Director, Treasury Market Operations


Monish Mahurkar is director of treasury market operations at International Finance Corporation (World Bank Group) with responsibility for the institution’s global debt capital markets and fixed income activities including execution of IFC’s funding strategy and management of its cash and liquid asset portfolios.

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Craig McGlashan

MTNs and CP Editor and Deputy SSA Editor

Global Capital

Craig McGlashan is deputy SSA editor at GlobalCapital. He contributes much of the newspaper’s coverage of the sovereign, supranational and agency bond market and has written extensively about the Eurozone sovereign debt crisis and its aftermath.

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Martin Mills

Head of EMEA Product Solutions

Bank of America Merril Lynch

Martin Mills is head of EMEA product solutions within Bank of America Merrill Lynch Debt Capital Markets.

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Peter Mueller

Head of Finance

Bayer AG

Peter Müller joined the finance division at Bayer AG as head of corporate financial controlling in 1999 before being appointed head of corporate finance in 2002 and then head of finance in Summer 2011.

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Niek Nahuis

Agent (Director)

Dutch State Treasury Agency

Niek Nahuis is the head of the Dutch State Treasury Agency (DSTA), also known as agent. One of the main tasks of the DSTA is to prepare and define a funding policy and to represent the State in financial markets.

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Conor O'Kelly

Chief Executive

National Treasury Management Agency

Conor O’Kelly was appointed chief executive of the NTMA in January 2015. He is the former deputy chairman of Investec Holdings (Ireland) Ltd. Before that he was chief executive of NCB Group and in 2003 successfully negotiated and led a management buyout of the firm, which was subsequently acquired by

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Thomas Olofsson

Director and Head of Debt Management

Swedish National Debt Office

Thomas Olofsson is director and head of debt management at the debt management department, Swedish National Debt Office. He joined the Debt Office in 2001. Before joining the Debt Office, Mr Olofsson was director at the Ministry of Finance, department of financial markets and institutions from 1999 to 2001.

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Keith Price

Head of Frequent Borrower and FIG Syndicate

J.P. Morgan

Keith Price is a managing director at J.P. Morgan Chase, based in London. Mr Price leads the syndicate platform for the both the sovereign, supranational and agency and FIG products. Mr Price joined J.P Morgan in 2000 and was trading and syndicating SSA bonds denominated in euros for a number

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Tsai Li Renn

Senior Vice President, Head of Fixed Income Trading

Singapore Exchange

Tsai Li Renn is senior vice president and head of fixed income trading at Singapore Exchange (SGX). He is responsible for executing and running our fixed income trading venue. Mr Tsai started his career in 1993 in New York and has experience running a wide range of businesses including banking,

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Anthony Requin

Chief Executive

Agence France Trésor

Anthony Requin was appointed chief executive of Agence France Trésor as of 6 March 2015. Agence France Trésor (AFT) is the department, tasked with handling public debt and treasury management, reporting to the director general of the Treasury.

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Andras Rez

Deputy Chief Executive Officer

Government Debt Management Agency (AKK), Government of Hungary

Andras Rez graduated in economics and sociology in 1989 and earned a PhD in economics in 1993 from the Budapest University of Economics (BUE). Dr Rez is deputy chief executive officer of the Hungarian Government Debt Management Agency Pte Ltd (ÁKK).

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Siegfried Ruhl

Head of Funding and Investor Relations

European Stability Mechanism

Siegfried Ruhl is head of funding for European Stability Mechanism (ESM) where he is responsible for the funding programmes for both ESM and European Financial Stability Facility (EFSF).

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Markus Schomer

Managing Director, Chief Economist

PineBridge Investments

Markus Schomer joined the firm in 1996 and is responsible for providing economic forecasts, analysis and commentary for all groups of PineBridge Investments. He is a member of various strategy committees and responsible for coordinating the PineBridge Investments interest rate and currency strategies.

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James Sparrow

Head of Corporate IG Credit Sector Specialists

BNP Paribas

James Sparrow is head of corporate IG credit sector specialists covering European utilities and energy companies. James joined BNP Paribas in 2011 from RBS Global Banking and Markets, where he spent seven years as a credit analyst covering utilities, infrastructure and general industrial companies.

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Gabriel Stein

Managing Director, Developed Markets Research

4Cast RGE

Gabriel Stein graduated from Stockholm School of Economics in 1980. In 1981 he worked at the Israeli Ministry of Finance international relations department. From 1982 to 1990 he ran Stein Brothers, a public affairs and economics research consultancy, first in Stockholm and (from 1990) in London.

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Sir Robert Stheeman

Chief Executive

United Kingdom Debt Management Office

Sir Robert Stheeman was appointed chief executive of the United Kingdom Debt Management Office in January 2003. The DMO was established as an executive agency of HM Treasury in April 1998 to carry out government

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Rolf Strauch

Member of the Management Board, Economics, Policy Strategy and BankingRolf

European Stability Mechanism

Rolf Strauch is responsible for economics, policy strategy and banking for the European Stability Mechanism (ESM). He joined the European Financial Stability Facility (EFSF), the predecessor of the ESM, at its creation in July 2010.

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Anna Stupnytska

Global Economist

Fidelity Worldwide Investment

Anna Stupnytska is global economist at Fidelity Worldwide Investment. She provides key economic insight to support our investment team, who manage multi-asset strategies on behalf of both institutional and retail clients.

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Jeff Tannenbaum

Head of European DCM Origination

Bank of America Merrill Lynch

Jeff Tannenbaum is managing director and head of European debt capital markets origination and syndicate at Bank of America Merrill Lynch. Based in London, Jeff joined Bank of America Merrill Lynch in 1999, moving to New York in 2007 and returning to London in 2009.

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Stu Taylor

Chief Executive Officer


Stu Taylor is co-founder and chief executive officer of Algomi. He was previously the global head of matched principal trading at UBS, where he launched UBS PIN–FI – the first internaliser model in fixed income at a global investment bank, covering bonds and CDS.

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Petra Wehlert

First Vice President, Head of Capital Markets


Petra Wehlert is first vice president and head of capital markets at KfW. She is responsible for all capital market funding activities including the Euro and USD benchmark programmes, green bonds and structured private placements.

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Christopher Wigley

Senior Portfolio Manager, Responsible for Credit


Christopher Wigley joined Mirova’s Fixed Income Team in 2014. Before that, he spent eight years at Epworth Investment Management, as a senior fund manager specialising in ethical investment.

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Lucette Yvernault

Global Credit Portfolio


Lucette Yvernault is responsible primarily for aggregate and global credit strategies. She joined Schroder Investment Management in 2005. Before, Lucette worked as vice president responsible for CAM global credit mandates from 2003.

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Tue 23 - Wed 24 Jun 2015

The Hilton Park Lane, London