Inflation-linked debate: Participants

Oscar Peces Barba (OPB) is head of Inflation Business at Grupo Santander. Previously he worked for Calyon in fixed-income/inflation trading and before that for BBVA in emerging market trading.

Philippe Messager (PM) is group treasurer at Veolia.

Mark Capleton (MC) is head of European interest rate research at RBS. He began his career in fund management in 1981, as the UK launched its first linker, and has been involved with the inflation market since.

Arnaud Marès (AM) is head of policy at the UK Debt Management Office, where he oversees, inter alia, the formulation and delivery of the annual gilt issuance programme.

Benoît Coeuré (BC) is the chief executive officer of France’s debt management office, Agence France Trésor. Previously he was head of foreign exchange and economic policy, and an economic adviser to the director of the French treasury.

Mark Ramsden (MR) is European editor at Total Derivatives, a fixed income news and analysis service and part of Euromoney Institutional Investor plc. He leads the firm’s coverage of the inflation markets.

Stuart Jarvis (SJ) is a senior strategist in Barclays Global Investors’ European strategic solutions group, based in London. He helps design solutions for pension funds and other institutions wanting to manage their asset and liability risks.

Alison Stevens (AS) manages National Grid’s £13 billion long-term debt portfolio and has more than a decade of experience in the bond and derivatives markets, including about £2.5 billion of recent RPI-linked debt issuance.

Paul Wynn (PW) is a senior portfolio manager at Western Asset, responsible for UK gilts and global inflation linked portfolios. Western is one of the world’s largest fixed-income managers, managing assets over $570bn.