Are You And Your Firm Ready for the Next Downturn?

 

Date: Thursday, November 8th 2018

Location: PricewaterhouseCoopers, 300 Madison Avenue, Auditorium, New York, NY

Time: Registration & Cocktails 5:30 PM – Program Start 6:15 PM 

 

Please join us for a discussion on preparing for the next downturn. Topics will include:

  • Current dynamics in the credit markets, and any early signs of stress or illiquidity
  • Early red flags for identifying deteriorating credits
  • Steps risk managers can take now to shore up their portfolios and prepare for the possibility of defaults
  • Lessons learned/war stories from previous workouts about mistakes that could have been avoided
  • New developments in creditors' rights/bankruptcy law
 
Panelists:
 
Saad P. Aslam, Executive Vice President, Independent Risk Management, PNC Financial Services Inc.
Saad P Aslam is the Executive Vice President for the Independent Risk Management at PNC Financial Services Inc. In this capacity he leads the Credit Risk Review function, and is member of the Independent Risk Management's management team, the Enterprise Risk Management Committee, the Credit Portfolio Strategy Committee, and the Reserve Adequacy Committee for PNC Financial Group.
 
With 20 years' experience in the financial sector, Saad previously was at Credit Suisse AG in New York, where he was the global head of Credit Risk Review and Credit Risk Management Governance. He designed and established the Credit Risk Review function for Credit Suisse and led a team responsible for ensuring the identification and mitigation of all credit risk concerns for investment and private banking services, as well as surveillance of all credit risk management.
 
Previously, Saad held a number of leadership roles as a Corporate Banker and Credit Risk Manager with companies including, Merrill Lynch and HSBC Group in Dubai, London, and New York. He was also a co-chair of the Capital Markets Credit Analyst Society in New York City.
 
He is a graduate of the business school at The Johnson School, Cornell University.
 
 
 
David Bell, Managing Director, Head of Workout & Recovery Management Americas, Deutsche Bank
David Bell is the head of Deutsche Bank’s Workout & Recovery Management team in the Americas. In this role he manages a team responsible for all aspects of a loan portfolio comprised of stressed and distressed obligors. The primary mandate of the team is developing and implementing strategies to recover and preserve the Bank’s capital. Dave is a member of the regional credit risk management executive committee.
 
Dave has spent the majority of the past 28 years working on financially distressed situations both as a principal and an advisor. He has been with Deutsche Bank for 20+ years having spent the first 12 in the leveraged finance business performing both leveraged loan portfolio management and workout/restructuring activities. The past 8+ years have been in the Risk Management Division with a 5+ year stint as global head of leveraged finance credit risk management, and the remainder in his current role. Before joining Deutsche Bank in 1997, Dave was a senior consultant with Policano & Manzo and worked on many advisory assignments representing lenders, debtors and other parties-in-interest of workout and restructuring situations. He also worked in several different private industry financial positions before he shifted his primary focus to workout and restructuring.
 
Dave began his career with Arthur Andersen & Co and is a Certified Public Accountant. He holds a BS in Accounting from Villanova University and an MS in Taxation from Seton Hall University.       
 
 
Alexandra Dimitrijevic, Managing Director & Global Head of Analytics and Research, S&P Global Ratings
Alexandra Dimitrijevic is the Global Head of Research and Analytics, leading the ratings research strategy across all regions and asset classes, and the supervision of ratings analytics. Prior to that, she was the Head of Corporate Ratings in EMEA, managing a team of 140 analysts spanning 10 offices and covering over 1,000 credit ratings on corporate issuers across the EMEA region. The team assigns credit ratings to companies operating in multiple industries including commodities, real estate, TMT, auto and capital goods, transportation, chemicals, pharma, business services, leveraged finance.
 
In her previous role as Head of Methodology for Sovereigns and Public Finance Ratings, she developed the methodology to assess the credit risk of sovereign governments, multilateral lending institutions, local and regional governments and public enterprises. She started at S&P Global Ratings in 1995 as a public finance credit analyst and moved into leadership roles, developing an extensive experience in credit analysis across multiple asset classes.
 
Alexandra started her career with the consulting firm Arthur Andersen. She holds a master from Institut d'Etudes Politiques de Paris (Sciences Po) in Economy and Finance.     
 
 
 
Scott Greissman, Partner, Financial Restructuring and Insolvency Group, White & Case, L.L.P.
Scott Greissman serves as a Partner in the Financial Restructuring and Insolvency Group at White & Case, L.L.P., resident in the New York office.  Mr. Greissman has been involved in all aspects of the negotiation and documentation of finance transactions and restructurings, in the representation of secured and unsecured creditors in Chapter 11 cases, and in related litigation. Prior to joining White & Case LLP in January of 2004, Mr. Greissman practiced for six years at a prominent New York City law firm representing financial institutions in a wide range of finance transactions, out-of-court restructurings and Chapter 11 cases. After law school, Mr. Greissman served for two years as law clerk to the Honorable Jerome Feller, United States Bankruptcy Judge for the Eastern District of New York. He received his JD from Hofstra University School of Law in 1994 and BA from State University of New York at Albany in 1991.
 
 
 
R. Marshall Merriman, Managing Director, BlackRock
Marshall Merriman, Managing Director, is a member of BlackRock's US Private Capital Group and Vice Chairman of BlackRock's US Private Capital Group's ("USPC") investment committee.
 
Mr. Merriman has over 30 years' experience in middle market investing including his 13 years' experience with the USPC team, joining as a Managing Director at BlackRock Capital Investment Corporation's former advisor in 2005. Prior to joining BlackRock Capital Investment Corporation's former advisor in 2005, he was a Managing Director with Harris Williams & Company, an investment bank providing mergers and acquisitions and financial advice to middle market companies in the United States and Western Europe.
 
During the last two years of his tenure at Harris Williams, Mr. Merriman headed the firm's Corporate Finance and Restructuring Group, which advises healthy and distressed companies seeking to raise capital or restructure their balance sheets. Prior to joining Harris Williams in 1998, Mr. Merriman was a partner at the law firm of McGuireWoods LLP, where he represented public and private companies and private equity firms in mergers and acquisitions and corporate finance transactions.
 
Mr. Merriman received a B.A. in Commerce from Washington & Lee University, summa cum laude, and a J.D. from the University of Virginia.
 
 
Moderator:
 
Brian S. Strauss, Managing Director, eDelta Consulting Inc., and RMA NY Chapter Chairman
Brian S. Strauss serves as Chairman of the Risk Management Association - New York Chapter (RMA NY) and he is a former Chairman of the Capital Markets Credit Analysts Society (CMCAS). Mr. Strauss is a Managing Director at eDelta Consulting Inc., where he advises financial institutions on risk management, regulatory and compliance-related matters. Previously, Mr. Strauss was a Director in the Banking & Capital Markets practice at PricewaterhouseCoopers. 
 
Prior to joining PwC, Mr. Strauss served as Managing Director and Chief Risk Officer of KCG Americas LLC, as well as Deputy CRO of KCG Holdings, Inc. Mr. Strauss previously served as CRO of Knight Capital Group, a predecessor firm, where he had global responsibility for credit, market and operational risk management. Before being promoted to this newly-created role in September, 2012, Mr. Strauss had served as Chief Credit Officer of the firm. 
 
Mr. Strauss was previously a Managing Director and Senior Credit Officer at UBS Americas Inc., where he served as Co-Head of Hedge Fund Credit in the Americas. While at UBS, Mr. Strauss was the primary risk liaison to the domestic and international equities businesses and the exchange-traded derivatives businesses globally.  Prior to joining UBS, Mr. Strauss was employed by Bank One N.A. as a Managing Director and Capital Markets Credit Officer, where his responsibilities included managing the bank's exposure to hedge funds, securities firms and money managers, and overseeing the ISDA documentation group.
  
Mr. Strauss received a B.Sc. in finance from Georgetown University and an M.B.A. in finance from the Leonard N. Stern School of Business at New York University.
 
 
A special thank you to CEIS Review for being the sponsor of this program. It's because of sponsors we are able to keep our registration fees low. 
 
 
 
 

 

 

 

 

 

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