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Agenda Overview

Friday 18th March 2016

08.20 Registration and morning refreshments
09.05 Opening remarks
  1. Andrew Jameson, Executive Officer, Head of Investment Banking EMEA, MUFG
09.15 How optimistic is Europe’s lending environment amid challenging global macro conditions?
  • Could excess liquidity endanger Europe’s lending environment?
  • To what extent can the market guard against unpredictable event-driven fluctuations in volume?
  • How are sanctions continuing to impact the European market?

Gilles Moec, Chief European Economist, Bank of America Merrill Lynch

09.45 The shifting loan landscape: Institutional involvement and push-back in syndicated lending
  • The impact of an increasing investor competition on deal volumes
  • Analysing uneven pricing, risk and covenant requirements for banks and investors
  • How much pressure can investors put on banks to determine debt structuring?
  1. Fiona Hagdrup, Director, Leverage Finance Group, M&G Investments
  2. John Parker, Associate Director – Infrastructure Debt, Hastings Fund Management
  3. Kees-Jan van de Kamp, Senior Portfolio Manager - Project Finance, NN Investment Partners
  4. Thierry de Vergnes, Global Head of Debt Fund Management, Lyxor Asset Management
  5. Moderator: Peter Hanrott, Co-Head of Loan Syndicate, Sales & Trading, MUFG

10.30 Amid a volatile and competitive lending environment, how long will the loan market remain favourable for borrowers?  
  • As loan syndicates become smaller, could Europe see a growing bilateral loan market?
  • Could volatile pricing spell the end for borrower-friendly RCFs and refinancings?
  • Are QE-driven low rates and high liquidity making the bond markets more attractive for corporates?
  1. Victor Pastor, Chief Financial Officer, FCC
  2. Vinod Parmar, Group Treasurer, Ladbrokes
  3. Ben Birgbauer, Treasurer, Jaguar Land Rover
  4. Moderator: Itziar Letamendi, Head of Syndicated Loans in Continental Europe, Santander
11.15 Morning refreshments and networking break

Breakout sessions

Running in parallel to the main conference programme, the breakout sessions will allow delegates to engage with issues that directly affect their business

Plenary Sessions
These feature panel discussions debate two essential parts of syndicated lending: M&A volume and infrastructure loan facilities.
Listen to industry experts tackle these themes, and challenge them via our event app feature “Ask the moderator” or over the audience microphone12.00 To what extent does M&A activity drive borrower confidence in the European market?
  • Should banks be optimistic about future M&A demand?
  • Can the bond market aid loan volume through increased bridge-financing for acquirers?
  • Are big M&A deals a sustainable source of deal volume in a low issuance environment?
  1. Daniel Moreno, Director, Loan Syndicate , MUFG
  2. Sebastien Pietryk, MD, Head of Corporate and FI Distribution EMEA, Credit Agricole CIB
  3. Matthew Thomas, Executive Director, UK Loan Syndication, Santander
  4. Moderator: Peter Bulbrook, MD, Head of Loan Markets, Santander
12.45 The shifting bank and investor makeup of infrastructure loan facilities: What’s the impact on deal flow?
  • How is increased institutional participation shaping infrastructure deals?
  • How will banks compete for deal flow with incoming investors?
  • Will an interest rate change significantly impact refinancing demand?
  • Are fixed or floating rate tranches more attractive for infrastructure borrowers?
  1. Miguel Peña Azpilicueta, Global Head of Infrastructure, BBVA
  2. Deborah Zurkow, MD, Head of Infrastructure Debt, Allianz Global Investors
  3. James Kelly, Group Treasurer, Associated British Ports
  4. Moderator: Alistair Higgins, Director, Infrastructure Finance, ING Bank
Think Tank
This session will gather thought leaders from each segment of the mid-market to debate and discuss practical and theoretical frameworks for market development within an interactive environment.
Gather with your peers and help shape the future of this fast-evolving market.

12.00 Who is best placed to capitalise on growing lending volume in Europe’s mid-market?
  • Why are sponsorless transactions becoming increasingly popular in the mid-market?
  • How are alternative lenders creating a solid origination network?
  • What are the advantages of unitranche debt in mid-market financing?
  1. Frederic Mereau, Senior Executive Director, Alcentra
  2. Klaus Peterson, Partner, Direct Lending, BlueBay Asset Management
  3. Andrew McCullagh, Managing Director, Hayfin Capital Management
13.30 Lunch

14.30 Heads of Syndicated Loans Panel: How will 2016 build on 2015’s loan volumes?
  • Scrutinising 2016’s deal prospects at the bottom of the refinancing cycle
  • Are we seeing greater reliance from borrowers on the advice of arrangers?
  • What is the future for the role of the underwriter in syndicates?
  • What will happen when ECB QE cheap liquidity leaves the market?
  1. Charlotte Conlan, Head of Loan & High Yield Bond Syndicate, EMEA, BNP Paribas
  2. Tim Spray, Head of Loan Syndication EMEA, HSBC
  3. Raouf Jundi, Head of Origination, MUFG
  4. Alison Ress, Head of Syndications EMEA, SMBC group
  5. Moderator: Hector Garcia-Armero, Senior Vice President, European Loan Syndicate, Santander
15.30 Afternoon refreshments and networking break

16.00 Champagne Roundtables
Led by an expert moderator, the roundtables will create an informal environment to discuss and debate issues over a glass of champagne that will shape the future of the market.

  • British Bankers Association
    • Simon Hills, Executive Director – Prudential Capital, British Bankers Associatio
  • Treasurers’ Perspective
    • Peter Matza, Engagement Director, Association of Corporate Treasurers
  • Loan Market Association
    • Nick Voisey, Director, Loan Market Association
  • Emerging Europe
    • Thomas Hädicke, Executive Director, Head of Loan Syndication & Distribution, Raiffeisen Bank International
  • Macroeconomy
    • Professor Trevor Williams, Chief Economist, Lloyds Bank Commercial Banking
  • Nordics
    • Michael Dicks, Head of Loan Syndications, SEB