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Governance, credit events and the broader impact on GCC market sentiment

Broadcast on Dec 8, 2020 from Livestream: Bonds, Loans & Sukuk Middle East 2020 - Virtual Conference

Platinum Sponsor

Emirates NBD

Platinum Sponsor

First Abu Dhabi Bank (FAB)

Gold Sponsor

BofA Securities

Gold Sponsor

HSBC

Gold Sponsor

MUFG

Gold Sponsor

SMBC

Multilateral Sponsor

ICD

Silver Sponsor

DWF

Silver Sponsor

Intesa Sanpaolo

Silver Sponsor

London Stock Exchange

Silver Sponsor

Mauritius Commercial Bank (MCB)

Silver Sponsor

Rawabi Holding

Bronze Sponsor

Arthur Cox

Bronze Sponsor

Bank of Jordan

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

Finsight

Bronze Sponsor

Landesbank Baden-Württemberg

Bronze Sponsor

Shearman & Sterling

Bronze Sponsor

Squire Patton Boggs

Bronze Sponsor

United Arab Bank

Bronze Sponsor

Vienna Stock Exchange (Wiener Börse)

Subscribe for access:

  • Key credit events over the past decade and lessons to take forward in the coming decade
  • Evolution of liquidation system and bankruptcy regime evolution
  • Credit events and the broader impact on market sentiment
  • Pricing and access for sub-investment grade and less ESG-focused issuers
Middle East

Moderator

Simon Ballard

Simon Ballard

Simon Ballard

Chief Economist at First Abu Dhabi Bank (FAB)

Simon joined First Abu Dhabi Bank in January 2018 and brings with him over 25yrs of market experience. Over his career as an economist, Simon has built up a wealth of multi-asset, global macroeconomic investment strategy knowledge, working in both London and New York. Simon worked previously for BNP Paribas, RBC and National Australia Bank in London, and for Bear Stearns in London and New York.

Bi-lingual in French, his primary focus as Chief Economist at First Abu Dhabi Bank is on global (G10 / MENA / GCC) macroeconomic issues, covering rates, FX , credit and commodities and in particular how these are relevant to investment strategies within the MENA/GCC region.

Simon’s views are regularly requested by the major financial news channels and the written press. Simon is a regular guest host on Bloomberg television and radio as well as CNBC television. In addition, he has often been quoted in the Financial Times and other leading financial publications.

First Abu Dhabi Bank (FAB)

Simon Ballard

About First Abu Dhabi Bank (FAB)

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, products and services to its customers. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad.

With total assets of AED 955 Billion (USD 260 Billion) as of September-end 2020, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, the strongest combined ratings of any bank in the MENA region.

The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally.

To empower its customers and clients to Grow Stronger, FAB initiated a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.

For further information, visit: www.bankfab.com

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

Speakers

Mohieddine Kronfol

Mohieddine Kronfol

Chief Investment Officer, Global Sukuk and MENA Fixed Income

Franklin Templeton Investments

Mohieddine Kronfol

Mohieddine Kronfol

Chief Investment Officer, Global Sukuk and MENA Fixed Income at Franklin Templeton Investments

Mohieddine (Dino) Kronfol is the chief investment officer of Global Sukuk and MENA fixed income at Franklin Templeton Investments. Mr. Kronfol is responsible for the investment process, research and performance of the Global Sukuk and MENA Fixed Income teams. He is one of the founding partners

and a board member of Franklin Templeton Investments (ME), formerly Algebra Capital, and has been with the firm since its inception in 2006. He is the lead portfolio manager of the FTSF Global Sukuk Fund and FTIF GCC Bond Fund.

Dino is a pioneer in Arab capital markets where he has committed the past 20 years to the development of MENA debt markets and Sharia compliant finance across the globe. He has one of the longest track records managing global Sukuk assets, since 2008, and under his leadership, Franklin Templeton has established itself as a prominent player in Global Sukuk investing. Dino frequently shares his views as a commentator on regional and international media and is a regular speaker at industry events.

Preceding his tenure at FT, Dino was part of a small team that, in 2000, helped build from scratch and run what became SHUAA Capital's financial services

business. He was initially head of Capital Markets and later became head of Debt Asset Management and, in 2002, fund manager of the first fund to focus exclusively on MENA debt. Prior to that, he was an early employee at one of the first pan-Arab investment banks, Middle East Capital Group (MECG).

Mr. Kronfol has received international recognition from clients and peers over the years, winning numerous awards on behalf of the firm and as an individual, including the first Failaka Islamic Award for "The Best Sukuk Fund" in 2010, the first Employee Provident Fund of Malaysia (EPF) Award for "Best Global Sukuk Portfolio Manager" in 2014 and the MENA Fund Manager Award for "Outstanding Achievement by an Individual" in 2016. Mr. Kronfol holds a bachelor's degree in business administration and an M.B.A. from the American University of Beirut.

Franklin Templeton Investments

James Bejjani

James Bejjani

Director, Family Office

Broadgate Advisers

James Bejjani

James Bejjani

Director, Family Office at Broadgate Advisers

He has over 15 years of experience in Portfolio and Wealth Management, Capital Markets, Project Finance and Real Estate, in the US and the GCC. His areas of expertise span across a range of asset classes including Asset-Back Securities, Financial Derivatives and Private Equity Debt.

James joined Broadgate Advisers from M1 Group, a family office based in Beirut, where he was a member of the portfolio management investment committee leading M1’s Fixed Income investment activities. Prior to that, James was a Trader and Analyst at Macquarie Funds Group in the US, where he was responsible for managing a multi-billion dollar portfolio for institutional clients. Previously, James was an Associate Director at UBS Investment Bank in New York where he was an Institutional Investor-ranked research analyst.

James earned his MS in Financial Mathematics from Warwick Business School in the UK, his BA in Economics and minor Mathematics from the American University of Beirut and his double LLB degree in Private and Public Law from Saint Joseph University, Lebanon. He also completed an executive program at the Wharton School of the University of Pennsylvania.

Broadgate Advisers

Cheong Say Lim

Cheong Say Lim

Chief Executive Officer

Lootah Global Capital

Cheong Say Lim

Cheong Say Lim

Chief Executive Officer at Lootah Global Capital

Lim Say Cheong is the Chief Executive Officer of Lootah Global Capital (LGC), a financial services firm licensed by the DFSA. He is responsible for the overall success of the company and for leading the development and execution of its long-term strategies with the goal of creating shareholder value. Lim spearheads all business development initiatives relating to advisory and arranging of credit as well as fundraising for venture and private equity companies.

Prior to joining LGC, Lim was the Global Head of Islamic Business Development for Nomura Asset Management based in Malaysia. He was responsible for developing and growing the Sharia-compliant assets under management for the Nomura Asset Management Group globally.

He had previously worked for more than a decade in the UAE, first with Noor Bank as the Executive Director for Global Markets and then served as Executive Vice President and Head of Investment Banking with Al Hilal Bank where he led the development and growth of the Islamic Capital Market, Asset Management and Wealth Management divisions of the bank.

Lim holds a Global Executive MBA from INSEAD Europe, Advanced Diploma in Islamic Finance from CIMA UK and Bachelor of Science degree with double majors in Mathematics and Quantitative Economics from The University of Sydney, Australia. He had also attended Leadership Programme from Wharton Business School and Digital Transformation Strategy with the University of Cambridge.

Lootah Global Capital

Bashar Zakaria

Bashar Zakaria

Senior EM Research & Strategy

CalPERS

Bashar Zakaria

Bashar Zakaria

Senior EM Research & Strategy at CalPERS

Bashar Zakaria is leading CalPERS’ Emerging Markets (EM) research. He’s responsible for providing country views, macroeconomic analysis of EM (DMs when needed), hard and local currencies debt and FX trade idea generation and monitoring. He’s an active member of CalPERS International Fixed Income portfolio management team, where he presents his views and research findings in weekly and monthly meetings that cover global macro, commodities, sovereigns, and currencies. Mr. Zakaria frequently conducts due diligence trips to key EM countries; over the past eight years, he developed excellent relationships with more than 20 EM countries key government institutions, major banks and corporations in addition to key entities in the EM world (e.g., the IMF, rating agencies, brokers, and external money managers). Mr. Zakaria started his Fixed Income career at CalPERS as a junior country analyst, then his responsibilities grew in breadth and depth to cover the entire EM universe along with portfolio, risk, and performance analytics. Mr. Zakaria is an adjunct faculty at Sacramento State University where he teaches Investment and Finance classes (graduate and undergraduate). He holds an engineering degree from University of Jordan, an MBA in Finance and Marketing, and an MA in Economics—both from Sacramento State with honors.

CalPERS

Shibeer Ahmed

Shibeer Ahmed

Shibeer Ahmed

Partner at Squire Patton Boggs

Shibeer Ahmed is Head of Squire Patton Boggs’s Middle East Banking and Finance and Global Islamic Finance practice. He focuses on banking, Islamic finance, and project finance, regularly working on highly complex financings throughout the GCC and internationally. He advises a range of financial institutions, including commercial banks, Export Credit Agencies (ECAs), and development finance institutions, on complex multi-sourced project financings and Islamic financings. He has wide experience advising on corporate and sovereign Sukuk issuances. He has extensive experience across a range of sectors, including infrastructure, energy, petrochemicals, and oil & gas.

Squire Patton Boggs

Shibeer Ahmed