The 14th Annual GCC Summit

Wednesday, March 13, 2019

March 2019

Summit

The 14th Annual GCC Summit

How will the turn in the credit cycle shape GCC credits?

Tuesday, 21 may 2019
Lotte hotel seoul

The 14th Annual GCC Summit

How will the turn in the credit cycle shape GCC credits?
Wednesday, March 13, 2019
March 2019
Ritz-Carlton Dubai
Dubai

The 14th Annual GCC Summit

How will the turn in the credit cycle shape GCC credits?

Wednesday, March 13, 2019
March 2019
Ritz-Carlton Dubai
Dubai

The 14th Annual GCC Summit

How will the turn in the credit cycle shape GCC credits?

Wednesday, March 13, 2019
March 2019
Ritz-Carlton Dubai
Dubai

The 14th Annual GCC Summit

How will the turn in the credit cycle shape GCC credits?

Wednesday, March 13, 2019
March 2019
Ritz-Carlton Dubai
Dubai

The 14th Annual GCC Summit

How will the turn in the credit cycle shape GCC credits?

Wednesday, March 13, 2019
March 2019
Ritz-Carlton Dubai
Dubai

Overview

The GCC Summit returns to explore how global politics and trade tensions affect regional dynamics. Senior credit analysts will highlight the most exposed sovereigns, financial and corporate sectors as well as growth drivers for the year ahead.

The summit brings together over 150 high profile investors, issuers and intermediaries. Be a part of the conversation.

<div class="credit-themes-container dynamic"><div class="w-container"><div class="custom-fa-wrapper"><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Local</h1><p class="custom-item-para alt white">Get the latest Sovereign and Sector credit insights.</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Regional</h1><p class="custom-item-para alt white">Compare and contrast outlooks with key markets.</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Global</h1><p class="custom-item-para alt white">Discover how emerging global trends will impact the market.</p></div></div></div></div></div>

Agenda

08.30  Registration and Coffee

09.00  Opening Remarks

Jehad El-Nakla, General Manager Middle East

Chairman: David Staples, Managing Director, Corporate Finance Group

09.10   Big Picture Session

What does the shift in the credit cycle mean to the GCC?  

  • Can global debt issuers survive weaker growth and higher rates?
  • Global politics, trade and financial stability: which regions are most exposed?
  • How ready are GCC sovereigns for a turn in the credit cycle?
  • Political and liquidity risk in the GCC: What could precipitate a sharp adjustment in credit profiles?

Colin Ellis, Managing Director-Chief Credit Officer EMEA

Alexander Perjéssy, Vice President-Senior Analyst, Sovereign Risk Group

10.00   Spotlight Conversation

Regional growth drivers and vulnerabilities

Led by Marie Diron, Managing Director, Sovereign Risk Group

Dr Monica Malik, Chief Economist, Abu Dhabi Commercial Bank

Alexander Perjéssy, Vice President-Senior Analyst, Sovereign Risk Group

10.30  Coffee & Networking Break

11.00   Banking Plenary Session

Presentation: Banking sector deep dive

  • GCC banks’ resilience amid economic uncertainty
  • GCC banking consolidation from a credit perspective
  • Regional challenges: Focus on solvency

Nitish Bhojnagarwala, Vice President – Senior Credit Officer, Financial Institutions Group

 

Followed by a discussion: Banks’ resilience in challenging economic conditions

Led by Nitish Bhojnagarwala, Vice President – Senior Credit Officer, Financial Institutions Group

Dr. Adnan Chilwan, Group Chief Executive Officer, Dubai Islamic Bank

11.50   Corporate Panel

Government policies and interlinkages to corporate credit trends across the region

  • Corporate credit and debt issuance trends across the rated universe
  • How macroeconomics and policies are shaping issuer credit profiles
  • A deeper dive into recent first-time rating assignments  

Led by Mario Santangelo, Associate Managing Director, Corporate Finance Group   

Rehan Akbar, Vice President – Senior Analyst, Corporate Finance Group   

Dion Bate, Vice President – Senior Analyst, Corporate Finance Group   

Douglas Rowlings, Vice President – Senior Analyst, Corporate Finance Group

Lahlou Meksaoui, Assistant Vice President - Analyst, Corporate Finance Group

Thomas Le Guay, Analyst, Corporate Finance Group

12.30   Lunch & Networking

13.30   Islamic Finance Panel

Growth trends in the region       

  • Islamic Banking: What will drive growth in 2019?
  • Sukuk: Issuance expectations and market update
  • Main challenges facing the Islamic Finance industry

Led by Henry MacNevin, Associate Managing Director, Financial Institutions Group

Nitish Bhojnagarwala, Vice President – Senior Credit Officer, Financial Institutions Group

Ashraf Madani, Vice President –  Senior Analyst, Financial Institutions Group

14.00   Breakout Sessions

INSURANCE: GCC insurers’ concerns and sector-shaping credit trends

  • Key concerns of GCC Insurance CFOs
  • Credit trends heat map
  • Implications of the changing regulatory environment

Led by Mohammed Ali Londe, Assistant Vice President – Analyst, Financial Institutions Group

ESG: Moody’s approach to assessing environmental, social and governance (ESG) considerations for credit

  • Global trends driving integration of ESG into investment processes
  • ‍Moody’s approach to integrating ESG into credit analysis
  • ‍Insights in ESG analyses for sovereigns, financial institutions and corporates

Led by Marie Diron, Managing Director, Sovereign Risk Group

David Staples, Managing Director, Corporate Finance Group  

14.30   Close of the Conference

Speakers

Moody's Speakers

Colin Ellis

Managing Director

Chief Credit Officer EMEA

Moody's Investors Service

Moody's Investors Service

Chief Credit Officer EMEA

Managing Director

Colin Ellis

Colin Ellis is Moody’s Chief Credit Officer in EMEA, and a Managing Director in the Credit Strategy team. He is responsible for identifying and analyzing the broad macro and credit trends, and leading and coordinating Moody’s ratings approach, across franchises in the region. He is also a member of Moody’s Macroeconomic Board, which sets the global forecasts that underpin Moody’s universe of ratings.

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Marie Diron

Managing Director

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Managing Director

Marie Diron

Marie Diron heads the Sovereign Risk Group for Asia Pacific, the Middle East and Africa, responsible for analytical teams covering sovereigns and multilateral development banks in these regions.Marie has worked as Moody’s lead sovereign analyst for a number of Asia Pacific credits, including China, Hong Kong, Taiwan, India, Sri Lanka and Australia.

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Alexander Perjéssy

Vice President - Senior Analyst

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Vice President - Senior Analyst

Alexander Perjéssy

Alexander Perjéssy is Vice President – Senior Analyst at the Moody’s Sovereign Risk Group. Based in Dubai, he has lead analyst responsibilities for a number of sovereigns in the Middle East, including most of the Gulf Cooperation Council member states and several regional multilateral institutions.

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Jehad El-Nakla

General Manager

Middle East

Moody's Investors Service

Moody's Investors Service

Middle East

General Manager

Jehad El-Nakla

Jehad is Moody’s senior representative in the Middle East. His responsibilities encompass managing the Dubai Office (located in the DIFC), and overseeing and co-ordinating rating activities within the Middle East region. Jehad has around 20 years of banking experience which he gained in positions held both in the United Kingdom and Saudi Arabia. Prior to joining Moody’s in 2007, Jehad spent around nine years at Arab National Bank in Riyadh, with his most recent role being that of Deputy General Manager and Credit Controller. Jehad’s prior experience also includes three years at Arab Petroleum Investments Corporation (APICORP), also in Saudi Arabia, where he worked in the Projects and Trade Finance Department. His first banking role was with Arab Bank plc, London Branch, where he spent around nine years.Jehad holds a Ph.D. in Numerical Analysis from Loughborough University in the United Kingdom.

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Nitish Bhojnagarwala

Vice President – Senior Credit Officer

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President – Senior Credit Officer

Nitish Bhojnagarwala

Nitish Bhojnagarwala is a Vice President – Senior Credit Officer with Moody’s Financial Institutions Group. Based in Dubai, Nitish covers a portfolio of large conventional as well as Islamic financial institutions in the Middle East, Africa and Turkey. Nitish joined Moody’s in 2011, and has led sukuk roundtables and conducted workshops on Banking and Islamic finance at various conferences in the Middle East, Europe and Asia. Nitish has also authored several research pieces, with a focus on regional banking, credit issues and issuer-in-depths for conventional as well as Islamic banks. Prior to joining Moody’s, Nitish spent five years at Tamweel in the Treasury function. He has also worked for KPMG in the UAE, where he covered financial institutions. Nitish holds an MBA from S P Jain Institute of Management & Research, with a major in Finance (Investment Banking).

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David Staples

Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director

David Staples

David Staples is a Managing Director at Moody’s in the EMEA Corporate Finance Group based in Dubai. His responsibilities include managing the analytical teams that oversee the ratings of companies based in the Middle East, Turkey, South Africa as well as Russia and the CIS. David has a Masters degree from The Johns Hopkins School of Advanced International Studies in Washington, D.C. (1984) and a Bachelors degree from the University of Cincinnati (1982).

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Rehan Akbar

Vice President – Senior Analyst

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Vice President – Senior Analyst

Rehan Akbar

Rehan Akbar is a Vice President – Senior Analyst in Moody’s EMEA Corporate Finance Group based in Dubai. He covers a diversified portfolio including Oil & Gas, petrochemicals, transport and mining companies situated in the Middle East, Turkey and Africa. Prior to joining Moody’s in 2011, Rehan worked as a credit analyst at Mashreq Capital where he covered emerging market corporates. He started his career as a software engineer and technology consultant. Rehan has a Masters degree in Management Sciences and Engineering from Stanford University and a Bachelors degree in Computer Science from Lahore University of Management Sciences. He is a CFA charterholder.

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Henry MacNevin

Associate Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Associate Managing Director

Henry MacNevin

Henry MacNevin is currently an Associate Managing Director responsible for bank ratings in Italy and in several countries in Central and Eastern Europe, based in London. Mr MacNevin joined Moody’s London-based banking team in October 1996, since when he has followed banks as lead analyst, as well as in Italy, in the United Kingdom, the Nordic region, Belgium, Luxembourg and Hungary, and has also worked as backup analyst for other banking systems, principally in Europe. Mr. MacNevin’s previous banking experience includes seven years with the Barclays group, where he held positions in strategic planning, corporate banking, and credit risk management. Mr. MacNevin earned a B.A. (Hons) in Business Studies from Portsmouth Polytechnic in the United Kingdom.

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Ashraf Madani

Vice President – Senior Analyst

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President – Senior Analyst

Ashraf Madani

Ashraf Madani is a Vice President – Senior Analyst with Moody’s Financial Institutions Group. Based in Dubai, Ashraf covers a portfolio of large conventional as well as Islamic financial institutions in GCC. He is also responsible for the Saudi and Bahrain Banking system outlooks. Since Joining Moody’s in May 2017, Ashraf has authored many research pieces focusing on GCC credit, funding and liquidity conditions in addition to issuer in depth research. Before Joining Moody’s in May 2017, Ashraf’s Career has been mostly in banking with 15+ years of experience working in international and regional banks like Citi, Arab Bank and First Abu Dhabi Bank. He spent most of his banking career working in the global markets and risk divisions where he developed extensive knowledge on GCC markets. His last position before joining Moody’s has been the Head of FIs and NBFIs Risk for National Bank of Abu Dhabi (FAB now) managing the credit risk for a large portfolio of GCC and international issuers.

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Mohammed Ali Londe

Assistant Vice President – Analyst

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Assistant Vice President – Analyst

Mohammed Ali Londe

Mohammed Ali Londe is an Assistant Vice President – Analyst within Moody’s Insurance Group, based in Dubai. He is responsible for Moody’s insurance ratings in the Middle East. Prior to joining Moody’s in 2013, Mohammed worked in the Planning and Performance Management department of Zurich International Middle East. Mohammed’s past experience also includes working with Chartis Middle East (AIG) and as an auditor within the insurance department of Deloitte Bermuda where along with performing numerous insurance and reinsurance audits, he was seconded to work with Endurance Specialty Insurance Ltd. Mohammed Ali holds a BSc from Oxford Brookes University, UK.

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Dion Bate

Vice President - Senior Analyst

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Vice President - Senior Analyst

Dion Bate

Dion is responsible for South African and Turkey based corporates covering a diverse range of sectors which includes REIT’s, Telecoms, Transportation/Logistics, Diversified Conglomerates and Investment Holding Companies. Previously, he was responsible for rating South African and European RMBS securitisation transactions. Dion graduated from the University of Pietermaritzburg, Kwa-Zulu Natal and holds a Bachelor of Commerce degree with Honours in Economics. He is also a qualified Chartered Financial Analyst.

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Douglas Rowlings

Vice President – Senior Analyst

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Vice President – Senior Analyst

Douglas Rowlings

Douglas covers non-financial corporates for Moody’s in the Middle East and Africa with a specific focus on mining, oil and gas along with telecommunications services and infrastructure providers. Douglas holds an Advanced Master of Commerce Degree Specialising in Finance in the field of Financial Management from the University of Cape Town and is CFA Level III candidate.

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Mario Santangelo

Associate Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Associate Managing Director

Mario Santangelo

Mario Santangelo is an Associate Managing Director in the Corporate Finance Group at Moody’s Investors Service. He is responsible for corporate ratings assigned to issuers in the Middle East and Africa and related credit research. His coverage spans across industries including Mining, Oil & Gas, Telecom and Real Estate. Mario manages a team of senior analysts based in Dubai.Mario has been with Moody’s since 2014, prior to moving to Dubai he was based in London where he was the head of Moody’s European Real Estate team. Mario has extensive experience in a number of other sectors including transportation (shipping and airlines) and leisure as well as leveraged buy outs. Prior to joining Moody’s, Mario worked for 13 years at Goldman Sachs where he was an Executive Director and a senior credit officer.

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Thomas Le Guay

Analyst

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Analyst

Thomas Le Guay

Thomas Le Guay is an Analyst in Moody’s EMEA Corporate Finance Group based in Dubai. He covers a diversified portfolio including regulated utilities, oilfield services, and consumer products companies situated in the Middle East and Turkey. Thomas joined Moody’s Paris office in 2013 and relocated to Dubai in 2017. Thomas is a CFA charterholder and holds a master’s degree in financial analysis from the University of San Francisco.

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Lahlou Meksaoui

Assistant Vice President-Analyst

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Assistant Vice President-Analyst

Lahlou Meksaoui

Lahlou Meksaoui is an Assistant Vice President – Analyst with Moody’s EMEA Corporate Finance Group based in Dubai. He is responsible for a diversified portfolio including real estate, packaged goods, retail and construction companies across the Middle East and South Africa. Lahlou joined Moody’s in 2017 from HSBC where he held an Associate Director position in the Corporate Finance Advisory team. Lahlou holds a Master in Finance and Strategy from the Institut d’Etudes Politiques de Paris (Sciences Po Paris).

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Further information

For more information please contact Christopher.deRidder@moodys.com.