Participants

Alex Bernand (AB) joined Bank of America in 2001. As Managing Director, he runs Structured Credit Trading globally as well as International Investment Grade Trading. Prior to that, Alex spent six years at BNP Paribas trading asset swaps and emerging markets. Antoine Chausson (AC) is Regional Head of Structuring in the Credit Derivatives group at BNP Paribas, which he co-founded in 1997. He has over twenty years’ experience in trading, structuring and marketing interest-rate, equity and credit derivatives in Europe and in the US.

Paul Czekalowski (PC) is a Managing Director and Co-Head of the European Credit Derivatives business at UBS. Paul started his banking career with JP Morgan, spending six years in a variety of interest-rate and credit derivative structuring and trading roles. Prior to UBS, Paul ran Deutsche Bank’s European Credit Structuring business

Richard Klijnstra (RK) joined Fortis Investments in 1998 and is a lead portfolio manager in the corporate and ABS asset classes of the credit business. The structured credit team currently manages more than e4 billion in single tranches, full capital arbitrage and CDO-squared structures.

Jonathan Laredo (JL) After 21 years, 14 in banking, Jonathan with two partners founded Solent Capital, a hedge fund advisor specializing in fixed income. Jonathan had been head of Structured Finance at JPMorgan in Europe and Asia (credit hybrids, CMBS, ABS and CDOs).

Hubert Le Liepvre (HL) is deputy head of SG CIB’s Structured Credit Group. He joined SG in 1992, became Managing Director of SG CIB’s credit derivatives business in 1999 and in 2002 was promoted to Deputy Head of the Structured Credit Group in London.

Oldrich Masek III (OM) Managing Director JP Morgan, Co-Head Global Structured Credit Origination/Structuring. He has over 15 years’ work experience in structured finance and has run several businesses across various structured products areas.

David Peacock (DP) Cheyne Capital Management, is Co-Head of the Investment Grade and Structured Credit business. David joined Cheyne in 2002 from Goldman Sachs where he ran the Global Synthetics business. He has been active in the credit derivatives market since joining JPMorgan in 1995

Dominic Powell (DP) is Director of Investment Solutions. He joined Henderson in 1989 and has extensive experience in managing both UK and international credit (investment and non-investment grade) as well as ABS. Dominic initiated the CDO team at Henderson in 2000 and has managed it since then.

Brett Tejpaul (BT) is currently responsible for Structured Product Marketing in the UK, Ireland, and Holland for Barclays Capital. He has managed businesses for a number of banks ranging from European CDOs, US Insurance and Pension Derivatives and other related credit and interest-rate derivative activities.

Dan Worth (DW) is a Credit Trader/Analyst. Dan currently trades and analyzes credit products for the funds of Cross Asset Management, a multi-strategy hedge fund. The credit fund takes outright and hedged positions in investment grade, high yield, synthetic and distressed securities and has returned in excess of 35% since inception in January 2002.