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Turkey’s macroeconomics vs. financial markets: How are rates, FX, trade and politics impacting Turkish borrowers’ access to the markets?

Broadcast on Nov 11, 2020 from Livestream: Bonds & Loans Turkey Virtual: Macroeconomics vs. Financial Markets in partnership with Fitch Ratings

Sponsor

Fitch Ratings
  • FX, rates, trade, and policy: How are they impacting Turkey’s economic performance?
  • Ratings and capital markets: What is the outlook for sovereign, banks and corporates’ ratings and how is this impacting access to the markets?
  • Buy, sell or hold: What is investor sentiment for Turkish credit? Who can access the market and at what price?
  • Bonds vs. loans, USD vs. TRY: What are the short and medium term impacts on Turkish spreads?
  • Transition and ESG: Can social and sustainable bonds offer an alternative route to access new pools of capital?
CEE & Turkey

Moderator

Alex Griffith

Alex Griffith

Managing Director, Head of Corporate Ratings, EMEA

Fitch Ratings

Alex Griffith

Alex Griffith

Managing Director, Head of Corporate Ratings, EMEA at Fitch Ratings

Alex joined Fitch in London in 2005 as a corporate analyst, and has held a number of different roles, most recently as Fitch’s Credit Policy Group with responsibility for monitoring the quality of global corporate ratings. He started at Fitch as an analyst specialising in Telecoms, Media and Technology, then became Head of Research for EMEA and Asia-Pacific. Between 2012 and 2016 he ran the EMEA Natural Resources team.

Prior to this, Alex spent eight years with Deloitte's audit practice, where he gained experience ranging from transaction services work to audit, IFRS transitions, expert witness assignments and sector research.

Alex read economics at St. Catharine’s College, Cambridge, and is a fellow of the Institute of Chartered Accountants in England and Wales.

Fitch Ratings

Alex Griffith

Fitch Ratings is a leading provider of credit ratings, commentary, and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective, and insights we provide help investors to make important credit judgments with confidence.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

For additional information, please visit fitchratings.com.

LinkedIn Page: www.linkedin.com/company/fitch-ratings

Speakers

Burak Kaya

Burak Kaya

Managing Director, Head of Global Corporate and Investment Banking, Turkey

MUFG

Burak Kaya

Burak Kaya

Managing Director, Head of Global Corporate and Investment Banking, Turkey at MUFG

Burak Kaya, Head of Global Corporate and Investment Banking for MUFG, joined the bank in January 2020 to lead the non-Japanese business in Turkey.

Burak joined from Türk Ekonomi Bankası ( a joint venture of BNP Paribas), where he was Head of Corporate Client Coverage, under the Corporate and Institutional Banking platform.

Prior to TEB, Burak worked for RBS in various positions in Istanbul and in London and was Head of Corporate Client Coverage in Turkey and Head of Portfolio Management in CEE prior to joining TEB in 2015. He has also worked for ABN Amro and Citi earlier in his career. Burak carries 20+ years of experience in banking and has a BA from Boğaziçi University.

MUFG

Burak Kaya

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 2,700 offices in more than 50 markets. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

MUFG aims to be the world’s most trusted financial group through close collaboration among its operating companies, and to respond to all of the financial needs of its clients, serving society, and fostering shared and sustainable growth for a better world.

Please visit our website for more information - mufgemea.com.

LinkedIn Page: https://www.linkedin.com/compa...

Twitter Page: @MUFGEMEA

Orhun Kostem

Orhun Kostem

Chief Financial Officer

Anadolu Efes

Orhun Kostem

Orhun Kostem

Chief Financial Officer at Anadolu Efes

N. Orhun Köstem is the Chief Financial Officer of Anadolu Efes since January 2019. He holds a BSc in Mechanical Engineering and an MBA from the Middle East Technical University, as well as an MA in Law and Economics from Bilgi University. Köstem joined Anadolu Group in 1994 and assumed different senior executive positions such as Corporate Finance and Investor Relations Director of Efes Beverage Group, Chief Financial Officer of Efes Breweries International, Corporate Finance Coordinator of the Anadolu Group, Chief Financial Officer of Coca-Cola İçecek and Middle East and Pakistan Region Director of Coca-Cola İçecek. In 2019 and 2015, he was listed among “Turkey’s Most Influential 50 CFOs” by Fortune Turkey Magazine. He was awarded as Turkey’s Best CFO in the Investor Relations Awards organized by Thomson Reuters Extel in 2011 and 2013, while he was also honored with the CFO of the Year award by Management Events in 2014. Köstem is one of the three authors of the book “A Window to Capital Markets: The A to Z of Public Offering and Investor Relations” published in 2009.

Anadolu Efes

Rodney Thomas

Rodney Thomas

Rodney Thomas

Managing Director at Apollo Global Management

Rodney Thomas is a Principal on the Emerging Markets Credit Team at Apollo. Prior to joining Apollo in 2014, Rodney spent 3 years working as a desk analyst on the Emerging Markets Credit Trading Desk at Citigroup in London. Prior to that , he was as an emerging markets credit analyst at Thames River Capital in London, where he worked from 2006 to 2011. He began his career in finance at Citigroup in 1999 and worked in loan origination and structuring. Prior to his career in finance, Rodney spent 5 years as a U.S. diplomat serving at U.S. Embassies in the United Arab Emirates, Tunisia and Yemen. Rodney has a B.A. from Amherst College in Economics and an M.B.A. from the University of Virginia.

Apollo Global Management

Sponsor

Fitch Ratings