Liquidity & Funding Risk Summit
Developed through extensive market research, Liquidity & Funding Risk will feature a cutting-edge agenda with industry speakers at the forefront of this field. Join us in London to make certain that you have a robust asset and liability management strategy in place to ensure that you keep up to date
What to look forward too
- Liquidity stress testing and scenario analysis
- Implementing a robust intraday liquidity management framework
- Managing the financial risks for banks posed by climate change
- Liquidity and resolution funding - How to build the operational capabilities expected by the regulator
- STS and the future of securitization as a funding tool in Europe
- TLAC and MREL – Impact of bail in rules on funding strategies
- Advances in liquidity modelling – Aims, requirements and best practices
- Solving the $350 trillion problem - A liquidity risk perspective on the Libor transition
Executive Director, Prudential Policy
Bank of England
Vicky Saporta is Executive Director of Prudential Policy Directorate at the Bank of England.
Vicky has held a number of positions in prudential policy, financial stability and monetary analysis in a career spanning 20 years at the Bank of England. Vicky was at the heart of the macro prudential and micro prudential policy reforms undertaken by the Bank after the global financial crisis.
Vicky has represented the Bank on numerous international committees dealing with central banking and regulatory issues. Vicky is currently Chair of the Executive Committee of the International Association of Insurance Supervisors. Vicky is also a member of the Basel Committee on Banking Supervision.
Vicky holds a PhD in Economics, M.Phil in Finance from the University of Cambridge and a B.Sc in Mathematical Economics and Econometrics from the London School of Economics. She has published a number of articles in books, professional journals and Bank of England publications.
Managing Director, Global Head of Liquidity Management
Managing Director, Bank Advisory
Adrian Docherty leads the Bank Advisory team, which provides key relationship bank clients with technical sector expertise and help on strategic financial issues relating to balance sheet management and efficiency.
In practice, this means advising on capital raising alternatives, risk management and transfer frameworks, regulatory developments (especially Basel III and IV), accounting changes (especially IFRS 9), funding/liquidity strategies, credit portfolio management, solvency creation/optimisation structures and innovative ways of financing growth. In recent years, the issue of “disruption and obsolescence” (ie. new banking business models) has increasingly featured; so now too do strategies around Brexit
Adrian has 25 years’ experience in advising financial institutions, initially as a strategy consultant with Booz Allen Hamilton. After nine years at Booz Allen, Adrian was hired by one of his clients, Barclays, to help run the rapidly growing investment banking business line. Adrian spent three years as COO of Investment Banking, before moving to run the balance sheet advisory team in Barclays Capital’s Financial Institutions Group.
Adrian has a Master’s from Cambridge University. His book "Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation" was published by Wiley in 2014
Global Head of Liquidity Risk Management
Damian Harland is Global Head of Liquidity Risk Management at HSBC where he leads the team responsible for second-line oversight of liquidity risk management.
Prior to joining HSBC in July 2018, he worked at Barclays for 5 years performing a number of leadership roles in Group Treasury, including Investment Bank Treasurer and Head of Regulatory Strategy. He joined Barclays from the PRA where he was one of two Heads of Department in Banking Policy. At the UK regulator he also led the Liquidity Policy team, which was responsible for the design and implementation of the UK’s new liquidity policy and international negotiations in Europe and Basel.
He started his career working in front office roles at Abbey National, and Bank of Montreal in London and New York. He has a degree in chemistry from Oxford University.
Head of Stress Testing
NatWest Markets N.V.
Dmitry has worked across a number industries. He started his career in Technology, working for a large Energy company in southern Europe implementing Market Risk modules of SAP. Then, just prior to the financial crisis, Dmitry moved to the banking sector to work as a Market Risk manager for a Portuguese bank. In 2010 he relocated to Amsterdam to work on the merger between ABN and RBS. That assignment took him to London where he spend time on the trading floor of the investment bank optimizing the risks in the trading portfolio by working closely with traders and management. Dmitry was involved in optimising the management of CVA, FVA, running the early stages of the FRTB programme to assess the viability of desks under FRTB, managed the capital consumed by the trading desks and stress testing.
More recently Dmitry has relocated to Amsterdam to take up the role of Head of Stress Testing for NatWest Markets NV where his goal is to bring stress testing closer to management as a risk tool, manage the bank’s limited resources under the stress lens and help deliver better solutions to clients. Dmitry has a Masters in Monetary and Financial Economics with a strong background in Statistics, Economics and Coding.
Head of DBAG Structural Optimisation, Treasury
Meryl Harland, Head of DBAG Structural Optimisation, Treasury has worked at Deutsche Bank for over six years. Throughout that time, she has spent the majority of her career focused on regulatory engagement on a range of topics which impact the bank’s financial resource management, particularly liquidity, funding and resolution. Meryl has experience of handling requests from regulatory bodies as well as dealing with a multitude of internal and external stakeholders on the practical implementation of regulation. In her role, she is closely familiar with the various legislative processes of EU institutions. Most recently, she is responsible for the implementation of the Net Stable Funding Ratio within Treasury. Prior to working at DB, Meryl was at the Financial Services Authority for three years in Liquidity Policy within the Prudential Policy department where she worked on the finalisation of Basel III liquidity standards and a number of EBA technical standards. Before that, she worked in Westminster for various MPs in Researcher roles. She was working for the MP for Halifax during the merger of HBOS and Lloyds which required substantial engagement with the most senior levels of government on a range of pertinent financial services issues.
Head of Model Risk Management
London Stock Exchange
Sanja Hukovic is the Head of Model Risk Management group at London Stock Exchange. Her model validation career started in UBS Quantitative Risk Control, where she was first product head for securitised product in New York and then Deputy Head and product head for EQ, FX and Client Portfolio teams in London and Zurich. Sanja then lead UBS' Quantitative Risk Standard team, part of Risk Methodology Group, focusing on Risk Based PnL and quantitative risk measures. She returned to model validation to cover UBS Treasury, Operational risk and AML models. Sanja worked for 3.5 years as JP Morgan's Head of Quality Assurance for Model Risk Governance and Review. She holds PhD in Mathematics from Brown University and MBA from University of Rochester.
Head of EMEA Treasury and Liquidity Risk
Dimitris Papathanasiou is the Head of EMEA Treasury and Liquidity Risk in Credit Suisse. His responsibility is to establish a risk framework and monitor the liquidity and Treasury risks of all the EMEA entities. His previous role was Head of the Front Office team in Coca Cola HBC Group Treasury for 6.5 years. He was responsible for designing and implementing the hedging strategy of FX, interest rates and commodities. Prior to that he has worked in the Front Office and the risk management of Kaupthing Bank. At the early stages of his career he has worked as an auditor in Treasury and investment banking in a Credit Agricole’s subsidiary and in RBS.
Dimitris holds a BSc and an MSc in Banking, Finance and Investments. He is a CFA Charter holder and a recognized speaker at industry conferences.
Managing Director, Head of Integrated Risk Management
Head of Liquidity Risk
Bill Powell is the Head of Liquidity Risk at Santander UK where he oversees the liquidity risk management framework, measurement and control and stress testing. Previously Bill worked as Head of Liquidity in the first line at RBS where his career spanned 14 years in Treasury roles. He is currently studying Environmental Science with the Open University and is working on the implementation if climate change scenario analysis.
Head of Secured Funding, Treasury
Krishan is responsible for the planning and execution of term wholesale funding at Nationwide, the world’s largest Building Society. Nationwide has a diverse range of funding options across secured/unsecured and public/private markets. Other day-to-day responsibilities include management of Nationwide’s two secured funding programmes. Krishan has seven years of funding experience at Nationwide after joining in 2012 following his masters degree in Finance and Accounting.
Global head of Liquidity Risk Management
State Street Global Advisors
Seb is a Vice President and Global Head of State Street Global Advisors Liquidity Risk Management, and is responsible for ensuring a robust liquidity risk management framework and governance across the organisation. He also chairs the SSGA Liquidity Committee and is a member of the State Street Country Risk Committee.
Before that he was a Senior Investment Risk Manager responsible for risk oversight across Europe Middle East and Africa (EMEA) fixed income, liability driven investment (LDI) and multi-asset class portfolios.
Seb holds a post-experience Masters in Finance degree from London Business School and has earned the Chartered Financial Analyst (CFA) charter and Global Association of Risk Professionals (GARP) Financial Risk Manager (FRM) certificate.
Head of Financial Risk Department
European Investment Bank
Head of Strategic ALM
Christian Hasenclever is the head of Strategic Asset and Liability Management (ALM) at NORD/LB’s Treasury department. He is responsible for the strategic liquidity gap and funding risk management incl. funding planning and balance sheet optimization, and he is in charge of the group-wide internal Funds Transfer Pricing system. That includes the constant conceptional enhancement of the liquidity risk management and of the FTP-system as well as the coverage of regulatory developments relating to liquidity risk, SREP, ILAAP and FTP.
Before he was the head of a Strategy and Modelling – a unit within Treasury, which had a special focus on developing an advanced pricing model for embedded options in wholesale loans. Prior to that he worked for Bremer Landesbank as a portfolio manager and expert within ALM. He started his career at Bankgesellschaft Berlin as a project manager in the structured finance department and later as a senior fixed income researcher within capital markets. He is a Certified International Investment Analyst (CIIA) and graduated economist.
Director, Treasury CIO
Thomas Becker is a Director, Head of the Frankfurt Central Investment Office & Risk (CIO) Team at Deutsche Bank Treasury. He is responsible for analysing and optimising markets risks, while also assessing cross-dependencies of model, regulatory, accounting and earnings risks of Treasury functions. Thomas started his career at Deutsche Bank in Global Markets Trading and Structuring divisions in 2005. He moved to Treasury in 2013 where he had leading roles in the ALM and Modelling space. He is also the main point of contact with regulatory bodies for IRRBB. He holds a B.SC. in Business Administration from the Frankfurt School of Finance and Management.
Sidhartha is a Research Director at Chartis with over 20 years of experience in the financial, energy, and commodities markets in various functions across the trade life-cycle (risk management, trading, and product structuring) and software development life-cycle (risk, analytics, and trading). Sidhartha has held various roles in product development, trading, risk management, software development, and consulting in banks, hedge funds, and risk advisory and software firms, including Standard Chartered Bank, TCG Group, HCL, and Cognizant.
His specific areas of interest and research include risk data, model risk management, quantitative models in illiquid markets, high performance analytics, energy and commodity trading risk, market structure design, new computational models, and the use of innovative mathematical methods in various emerging areas of risk management.
Sidhartha holds an MBA from the Indian Institute of Management and is a qualified Chartered Alternative Investment Analyst CAIA , Financial Risk Manager (FRM) and Energy Risk Professional (ERP) member of GARP.
Managing Director, Financial Markets
Robert McWilliam is a Managing Director within Financial Markets at ING. He is currently leading an initiative, within ING’s Innovation Lab, to develop a multibank clearing platform enabling banks to clear for themselves at multiple CCPs, and to offer client clearing to their clients.
He joined ING in 2010 to set up a CVA Trading desk which he extended to include funding (FVA), margin (MVA), collateral (SIMM), liquidity (LCR), capital (KVA) and credit risk measurement.
From 1997 to 2010, Mr McWilliam held various positions at ABN Amro, latterly as Global Head, Counterparty Exposure Management.
Mr McWilliam is Chairman, PRMIA Global Board: a not-for-profit, member-led organisation to promote, develop and share Professional Risk Management practices globally.
Philip Alexander is the regulation desk editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives and central and eastern Europe. Prior to entering journalism, he edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration
Deputy Director, Balance Sheet Risk Management
Jacek Rzeźnik has over 13 years of risk management experience. Currently works as a Deputy Director in Balance Sheet Risk Management at mBank (#4 Bank in Poland, 70% owned by Commerzbank). He has been heading up teams responsible for market risk, interest rate risk in the banking book and liquidity risk. He’s got a vast experience in risk analysis & governance, stress testing, contingency planning, as well as various ALM, FTP and regulatory topics. He is a member of Risk Committee, ALCO and ALM Committee.
Prior to joining mBank, he had spent 9 years at JP Morgan Chase in Global Credit Risk Management in London. In his last role, as a Vice President, he was responsible for counterparty credit risk for a portfolio of FI & Sovereign clients from Emerging Markets. His experience included credit risk assessment, portfolio reviews, credit restructuring, trade approvals, structured derivatives, trade finance, Islamic Finance and loan transaction structuring and execution.
Jacek holds a MSc. in Management and Regulation of Risk from London School of Economics and a BSc. in International Business Administration from RSM Erasmus University. In 2018 nominated as Future Leader in Finance by Institute of International Finance. He regularly runs training courses and presents at ALM, IRRBB, Liquidity & Funding Risk conferences in London, Vienna and Warsaw. He is a co-author of “A guide to behavioural modelling” published by Risk Books.
Former Managing Director, Head of Market Risk Portfolio Metrics
Until last year, Ravi was a Managing Director at Citigroup with over 20 years of risk experience, most recently covering the global market risk portfolio, including G10 and EM FX, interest rate, equity and credit derivatives, vanilla, municipal and ABS bonds, as well as credit value adjustment (XVA). He also has convergence risk experience covering derivative products and underlying asset classes with partial or no recourse, thus combining market and credit risk, and has worked in both Europe and Asia
Ravi’s extensive derivatives product knowledge was gained as front office desk head structuring and selling exotic FX, interest rates and, briefly, commodity products.
Ravi currently runs a small boutique Risk Training and Consulting firm that has completed assignments with large global banks and (the consultancy arm within) big 4 accounting firms.
Head, EMEA ABS Strategy
Nomura International Plc
Erik Parker heads up Nomura's European Asset-Backed Securities Strategy team, covering European RMBS, ABS, CLO and CMBS. Prior to joining Nomura in 2011, Erik was at Barclays Capital, initially structuring CMBS and later working out CRE loan positions. He also worked at Morgan Stanley and ING Barings. Erik holds a Master of Science degree from Imperial College, London.
Chief Executive Officer
Prime Collateralised Securities (PCS)
Born in France, Ian obtained his law degrees at the London School of Economics, the University of Strasbourg and Yale Law School. He joined Clifford Chance as a trainee in 1987 where he worked in the securitisation group. He became a partner at Clifford Chance in 1996. He then left in 1999 to join Standard and Poor’s Ratings as European General Counsel before becoming S&P’s Head of Structured Finance in Europe, Africa and the Middle East in charge of all structured finance and covered bond ratings in that region. He became Head of the PCS Secretariat and a member of the Board of the PCS Association in 2012. Ian has 24 years of experience in the world of structured finance.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2019, BNY Mellon had $34.5 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).