13th Annual Central Europe Summit

Thursday, April 11, 2019

April 2019

Conference

13th Annual Central Europe Summit

Staying on course in the late cycle

Tuesday, 21 may 2019
Lotte hotel seoul

13th Annual Central Europe Summit

Staying on course in the late cycle
Thursday, April 11, 2019
April 2019
Czech National Bank
Prague

13th Annual Central Europe Summit

Staying on course in the late cycle

Thursday, April 11, 2019
April 2019
Czech National Bank
Prague

13th Annual Central Europe Summit

Staying on course in the late cycle

Thursday, April 11, 2019
April 2019
Czech National Bank
Prague

Overview

How changing credit environment will shape region’s growth prospects? What does that mean to Czech economy and what key risks to watch out for?

Join to discover the latest global and regional trends from leading industry figures and senior credit analysts.

Why attend?

<div class="custom-wrapper-alt"><div class="custom-container w-container"><div class="custom-fa-wrapper"><div class="custom-item-holder"><div class="custom-icon-fa alt" style="color: #FFFFFF;"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt" style="color: #FFFFFF;">Focus on credit conditions as the cycle turns</h1><p class="custom-item-para alt"></p></div></div><div class="custom-item-holder"><div class="custom-icon-fa alt" style="color: #FFFFFF;"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt" style="color: #FFFFFF;">Keep track of global and regional market risks</h1><p class="custom-item-para alt"></p></div></div><div class="custom-item-holder"><div class="custom-icon-fa alt" style="color: #FFFFFF;"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt" style="color: #FFFFFF;">Network with over 150 investors, issuers and credit analysts</h1><p class="custom-item-para alt"></p></div></div></div></div></div>

Agenda

08.30   Registration & Coffee

09.00   Opening Remarks

Igor Ovcacik, Vice President – Relationship  Manager, CEE, Country Manager – Czech Republic

Chairman: David Aldrich, Managing  Director, Emerging Markets  

09.10   Big Picture Presentation

Global Credit: Weakening Conditions As Growth Wanes and Risks Rise

Deceleration in growth indicative of post-peak conditions

Politics pose the biggest uncertainty, but secular trends pose challenges too

Brexit: outcomes and credit impact

Colin Ellis, Managing Director-Chief Credit Officer EMEA

09.35   Keynote Presentation   

 Mr Jan Vejmelek, Chief economist of Komercni banka

10.15   Sovereign Insights  

CEE Sovereigns: Driven by robust credit metrics, challenged by institutional risks

  • Which are the drivers for CEE sovereign credit in light of a more challenging global environment?
  • How do political risks and policy uncertainty weigh on sovereign creditworthiness?
  • How does the Czech Republic as CEE’s strongest sovereign fare in the EU context?

Olivier Chemla, Vice-President Senior Analyst, Sovereign Risk Group

10.45   Networking & Coffee Break

11.15   Banking Plenary Session

 How well  prepared are banks for a turn in the cycle?

  • Will a downturn in property market distress banks’ loan portfolios?
  • Strong capitalisation – is it here to stay?
  • Why are Czech banks’ balance sheets very liquid and what lies ahead?
  • How will technological advances and digitalisation shape Czech banks’ business models?

Armen Dallakyan, Vice President, Banking Group

Followed by a panel discussion: Bank of the Future

Led by Carola Schuler, Managing Director, Banking

Guest Speaker: Albert van Veen, Chief Operating Officer and  Member of the Management Board of Moneta Money Bank 

Guest Speaker: Josef Kotrba, Chairman of Deloitte Czech Republic

Guest Speaker: Margus Simson, Chief Digital Officer and Member of the Board of Komernci Banka a.s.

12.15   Corporate Plenary Session    

Corporate credit quality at the peak of the credit cycle

  • Low interest rates in the context of growth in the high-yield market
  • Surge in highly-levered companies and default rates
  • Downside risks

Martin Kohlhase, Vice President – Senior Credit  Officer, Corporate Finance Group

 

Fireside Chat

Stefanie Voelz, Vice President - Senior Credit Officer, Public Projects & Infrastructure Finance Group

Guest Speaker: Filip Bělák, EP Infrastructure

13.00   Covered Bonds Presentation    

How New Framework Will Impact Czech Covered Bonds

  • Main changes to come
  • Strengths and weaknesses of Czech new framework
  • Old vs new covered bonds

Tomás Rodríguez-Vigil, Assistant Vice President – Analyst, Structured Finance Group

13.30   Lunch

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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David Aldrich

Managing Director

MIS Commercial Group

Moody's Investors Service

Moody's Investors Service

MIS Commercial Group

Managing Director

David Aldrich

David is Managing Director, Head of Emerging Markets EMEA, for both Relationship Management and Regional Management, Moody’s Investors Service. He leads and manages the Commercial activities for Emerging Markets, with responsibility for originating and maintaining ratings mandates for financial institutions, corporates, subsovereigns and local governments in Russia, CIS, Central and Eastern Europe, Middle East and Africa. David also oversees the regional strategy in EMEA, outside the EU27 and UK, including managing the relevant MIS Country Managers. David has managed businesses in securities services, fixed income and derivatives at BNY Mellon, JP Morgan, Credit Suisse and UBS.

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Carola Schuler

Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Managing Director

Carola Schuler

Carola Schuler is a Managing Director in the Europe, Middle East and Africa banking team, based in Frankfurt. In this capacity, she is responsible for Moody’s analytical teams that rate banks primarily in the Eurozone and Central and Eastern Europe as well as non-bank financial companies across Europe and emerging markets in Middle East and Africa.

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Martin Kohlhase

Vice President - Senior Credit Officer, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer, Corporate Finance Group

Martin Kohlhase

Martin has nearly 20 years capital markets experience as a credit and equity analyst in Europe and the Middle East. Based in Frankfurt, he is currently lead analyst for a portfolio of corporates from the chemical sector and coordinates MIS conference activities in the CEE region. His assignments at Moody’s include a secondment in Dubai from 2008-2015 where he covered corporates and government-related issuers from the Middle East, Turkey and Africa spanning many sectors including oil and gas, investment holding companies, real estate, utilities and telecoms. Since joining Moody’s in 2004 he has been involved in assignments for investment grade and high yield ratings as well as Islamic Finance transactions. Among his primary coverage in Europe were the manufacturing, packaging, paper and forest products sectors. Martin holds a diploma in economics with a concentration in finance and econometrics/statistics from the University of Konstanz/Germany.

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Olivier Chemla

Vice President - Senior Analyst

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Vice President - Senior Analyst

Olivier Chemla

After serving the French public administration in several positions (including as Senior Adviser to Valérie Pécresse, Minister for the Budget and Public accounts) between 2007 and 2012, Olivier was appointed Chief Economist of the French leading Business Association (Association francaise des entreprises privées) in the summer of 2012. He joined the Moody’s Sovereign Department in Frankfurt as Vice-President/Senior Analyst in May 2018.

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Stefanie Voelz

Vice President - Senior Credit Officer

Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Infrastructure Finance

Vice President - Senior Credit Officer

Stefanie Voelz

Stefanie Voelz is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is responsible for a portfolio of regulated utilities in the UK, Germany, the Netherlands, Belgium and Eastern Europe. Over an extended career in credit, Stefanie has developed in-depth knowledge of utilities and transportation infrastructure sectors. She is also an expert in the credit assessment of highly-covenanted financing structures in the regulated utility space as well as project financings. Stefanie is Moody’s lead analyst covering UK Water and has published extensively on the sector. She is the lead author of Moody’s Rating Methodology for Regulated Water Utilities, published in December 2015. Stefanie is also one of Moody’s lead commentators on the European regulated networks.

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Armen Dallakyan

Vice President, Banking Group

Moody's Investors Service

Moody's Investors Service

Vice President, Banking Group

Armen Dallakyan

Armen Dallakyan is a senior credit analyst with Moody’s covering banks in Central and Eastern Europe. In this role he is charge for the ratings analysis of a portfolio of banks in Hungary, Poland, Romania and Slovenia. Prior to that he covered CIS banks.

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Tomás Rodríguez-Vigil

Assistant Vice President – Analyst, Structured Finance Group

Assistant Vice President – Analyst, Structured Finance Group

Tomás Rodríguez-Vigil

Tomás Rodríguez-Vigil is an Assistant Vice President – Analyst with Moody’s Covered Bond Group. Based in Madrid, Tomás covers the ratings of covered bond programmes in several markets such as Czech Republic, Slovakia, Turkey and Norway.

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Igor Ovcacik

Vice President – Relationship Manager, CEE, Country Manager – Czech Republic

Vice President – Relationship Manager, CEE, Country Manager – Czech Republic

Igor Ovcacik

Igor Ovcacik is Country Manager for the Czech Republic and Vice President / Relationship Manager for selected Central & Eastern Europe (CEE) countries, located in Prague, the Czech Republic. He is responsible for business development, acquiring new customers and managing relationship in the region.

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Margus Simpson

Chief Digital Officer and Member of the Board of Komernci Banka a.s.

Komernci Banka a.s.

Komernci Banka a.s.

Chief Digital Officer and Member of the Board of Komernci Banka a.s.

Margus Simpson

Komerční banka, a.s. is the parent company of KB Group and a member of the Société Générale international financial group. KB ranks among the leading banking institutions in the Czech Republic, as well as in Central and Eastern Europe. It is a universal bank providing a wide range of services in retail, corporate and investment banking. Member companies of Komerční banka Group provide additional specialised financial services, such as pension savings and building society schemes, leasing, factoring, consumer lending and insurance. These are accessible through KB’s branch network, its direct banking channels, and the subsidiaries’ own sales networks. The Bank also provides services in the Slovak Republic through its branch focused on serving corporate clients as well as through selected subsidiaries.

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Mr Jan Vejmělek

University of Economics, Prague and Chief economist of Komercni banka

Komercni banka

Komercni banka

University of Economics, Prague and Chief economist of Komercni banka

Mr Jan Vejmělek

Jan Vejmělek is Chief Economist of Komerční banka, an affiliated member of the SG Group, since December 2010. He joined Komerční banka in 1998 as a securities market analyst. Since 2002, he has been Head of Economic and Strategic Research in Komerční banka’s Investment Banking division. Jan primarily focuses on macroeconomic analysis of the Czech economy and on the forex market. Jan Vejmělek graduated from the Faculty of Finance and Accounting of the University of Economics in Prague (with a major in Finance as well as Economics of Industrial Enterprises). In 2003, he completed a doctoral program in Economic Policy and Management, specializing in Finance, at the same faculty. Between 2004 and 2006, Jan completed a postgraduate program on a distance learning basis at CFA Institute.

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Filip Bělák

Group Finance Director

EP Infrastructure

EP Infrastructure

Group Finance Director

Filip Bělák

Mr. Bělák has been the Group Finance Director since May 2016. Mr. Bělák has also acted as the chief financial officer of EP Energy since May 2014. He has been employed in the EPH Group since 2013. He also serves on the EP Infrastructure’s risk committee and several other Group subsidiaries’ statutory bodies. In his previous role, Mr. Bělák held for over ten years various positions at KPMG, which included almost two-years of employment with KPMG in the United States of America.

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Josef Kotrba

Chairman of Deloitte Czech Republic

Deloitte Czech Republic

Deloitte Czech Republic

Chairman of Deloitte Czech Republic

Josef Kotrba

Josef is Chairman for clients and markets in the Czech Republic and a member of the Board of Directors for Central Europe. He has been working at Deloitte Czech Republic’s financial advisory department for 18 years. He manages CEE projects, assists in transactions with a global reach and has extensive knowledge of privatizations, corporate transformations and restructuring. He has many years of experience of providing advisory on privatizations, organizational and financial restructuring, acquisitions, sale of receivables and others.

Read Full Bio

Further information

For more information please contact event manager Khadijah Moncrieffe - Khadijah.Moncrieffe@moodys.com.

13th Annual Central Europe Summit

Staying on course in the late cycle

April 2019
Thursday, April 11, 2019
Czech National Bank
Prague

How changing credit environment will shape region’s growth prospects? What does that mean to Czech economy and what key risks to watch out for?

Join to discover the latest global and regional trends from leading industry figures and senior credit analysts.

<div class="custom-wrapper-alt"><div class="custom-container w-container"><div class="custom-fa-wrapper"><div class="custom-item-holder"><div class="custom-icon-fa alt" style="color: #FFFFFF;"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt" style="color: #FFFFFF;">Focus on credit conditions as the cycle turns</h1><p class="custom-item-para alt"></p></div></div><div class="custom-item-holder"><div class="custom-icon-fa alt" style="color: #FFFFFF;"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt" style="color: #FFFFFF;">Keep track of global and regional market risks</h1><p class="custom-item-para alt"></p></div></div><div class="custom-item-holder"><div class="custom-icon-fa alt" style="color: #FFFFFF;"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt" style="color: #FFFFFF;">Network with over 150 investors, issuers and credit analysts</h1><p class="custom-item-para alt"></p></div></div></div></div></div>
Agenda

08.30   Registration & Coffee

09.00   Opening Remarks

Igor Ovcacik, Vice President – Relationship  Manager, CEE, Country Manager – Czech Republic

Chairman: David Aldrich, Managing  Director, Emerging Markets  

09.10   Big Picture Presentation

Global Credit: Weakening Conditions As Growth Wanes and Risks Rise

Deceleration in growth indicative of post-peak conditions

Politics pose the biggest uncertainty, but secular trends pose challenges too

Brexit: outcomes and credit impact

Colin Ellis, Managing Director-Chief Credit Officer EMEA

09.35   Keynote Presentation   

 Mr Jan Vejmelek, Chief economist of Komercni banka

10.15   Sovereign Insights  

CEE Sovereigns: Driven by robust credit metrics, challenged by institutional risks

  • Which are the drivers for CEE sovereign credit in light of a more challenging global environment?
  • How do political risks and policy uncertainty weigh on sovereign creditworthiness?
  • How does the Czech Republic as CEE’s strongest sovereign fare in the EU context?

Olivier Chemla, Vice-President Senior Analyst, Sovereign Risk Group

10.45   Networking & Coffee Break

11.15   Banking Plenary Session

 How well  prepared are banks for a turn in the cycle?

  • Will a downturn in property market distress banks’ loan portfolios?
  • Strong capitalisation – is it here to stay?
  • Why are Czech banks’ balance sheets very liquid and what lies ahead?
  • How will technological advances and digitalisation shape Czech banks’ business models?

Armen Dallakyan, Vice President, Banking Group

Followed by a panel discussion: Bank of the Future

Led by Carola Schuler, Managing Director, Banking

Guest Speaker: Albert van Veen, Chief Operating Officer and  Member of the Management Board of Moneta Money Bank 

Guest Speaker: Josef Kotrba, Chairman of Deloitte Czech Republic

Guest Speaker: Margus Simson, Chief Digital Officer and Member of the Board of Komernci Banka a.s.

12.15   Corporate Plenary Session    

Corporate credit quality at the peak of the credit cycle

  • Low interest rates in the context of growth in the high-yield market
  • Surge in highly-levered companies and default rates
  • Downside risks

Martin Kohlhase, Vice President – Senior Credit  Officer, Corporate Finance Group

 

Fireside Chat

Stefanie Voelz, Vice President - Senior Credit Officer, Public Projects & Infrastructure Finance Group

Guest Speaker: Filip Bělák, EP Infrastructure

13.00   Covered Bonds Presentation    

How New Framework Will Impact Czech Covered Bonds

  • Main changes to come
  • Strengths and weaknesses of Czech new framework
  • Old vs new covered bonds

Tomás Rodríguez-Vigil, Assistant Vice President – Analyst, Structured Finance Group

13.30   Lunch

No items found.

Moody's Speakers

Colin Ellis
Managing Director

Moody's Investors Service

David Aldrich
Managing Director

Moody's Investors Service

Carola Schuler
Managing Director

Moody's Investors Service

Martin Kohlhase
Vice President - Senior Credit Officer, Corporate Finance Group

Moody's Investors Service

Olivier Chemla
Vice President - Senior Analyst

Moody's Investors Service

Stefanie Voelz
Vice President - Senior Credit Officer

Moody's Investors Service

Armen Dallakyan
Vice President, Banking Group

Moody's Investors Service

Tomás Rodríguez-Vigil
Assistant Vice President – Analyst, Structured Finance Group

Igor Ovcacik
Vice President – Relationship Manager, CEE, Country Manager – Czech Republic

Margus Simpson
Chief Digital Officer and Member of the Board of Komernci Banka a.s.

Komernci Banka a.s.

Mr Jan Vejmělek
University of Economics, Prague and Chief economist of Komercni banka

Komercni banka

Filip Bělák
Group Finance Director

EP Infrastructure

Josef Kotrba
Chairman of Deloitte Czech Republic

Deloitte Czech Republic

For more information please contact event manager Khadijah Moncrieffe - Khadijah.Moncrieffe@moodys.com.