Managing Director, Deputy Head of Germany, Dusseldorf
Since 2018
- Responsible for Operations, Legal, Compliance, Finance, Audit, Risk & IT Leading the implementation of three-year business plans in Germany, reducing cost and driving up efficiency
- Managing transformational change as far as possible; Providing reform concepts to senior leaders of MUFG in EMEA for further change management promoting a comprehensive and consistent reform agenda with concepts and action
- Limiting reliance on consultants and lawyers, tossing out faux advice, heightening in-house competence
- Overcoming industrial action, managing co-determination, implementing restructuring; starting simplification and effectiveness initiatives along entire processes and risk management
- Instating a true risk-based approach with regulators in lieu of token action; ongoing management of Germany branch, galvanising global and EMEA concepts with nation and EU requirements
- Managing the offshoring of banking operations in Germany and NL from regulatory, legal and operational angles
- Implementing regulatory and policy requirements; overseeing and driving MUFG transformation in Germany; managing relations to and communication with BaFin; Liquidator of MUFG Lease subsidiary
Financial Markets Stabilisation Agency
London 2013-2017
Director, Head of Legal, Interim Global Head of Compliance
- Asset Management – public sector, infrastructure & commercial real estate assets; overseeing and managing a multi-billion portfolio of fixed income, project finance and derivatives assets
- Numerous restructurings (€50-200 mn each)
- Loan/bond conversions, asset sales
- Responsible for all legal and portfolio management matters in the UK, France and Italy
- Compliance risk and policy drafting, Compliance audits, AML-policy, sanctions adherence and financial crime
FLINT NOMINEES LTD.
London 2015-2017
Company Executive Director
- Commercial real estate lender – group of subsidiaries with €100 million+ in assets
- Board of Directors, company executive director of parent and company secretary of affiliate companies
- Responsible for all corporate, legal and Compliance aspects
DEPFA BANK plc.
London 2003-2013
Director
- Asset management of a multi-billion dollar Emerging Markets public sector portfolio with bonds, loans and derivatives
- Participations in and syndications of offshore structures
- Structured assets – synthetic risk transfers
- Managing a $4 bn synthetic asset book of structured CDS including FTD, fixed recovery, CLNs, IRS
- Trading Emerging Market CDS
- Credit-linked notes issuance through an SPV
- Asset finance (utilities and aviation)
Landmark transactions
London 2003-2017
- Restructuring of a EUR 180M French CRE portfolio in commercial, legal and Compliance respects with HNW UBOs – solving conflicts out of court while reducing exposure
- USD 300M dual-layered, SEBI-approved investment vehicle for domestic securities in India
- Italy’s first-ever transformation of an amortising swap into a CDS-sponsored sinking fund complementing a TRS with then state-owned Cassa di Depositi e Prestiti
- Capturing Florida Hurricane risk in a CDS structure yielding an enhanced risk-return profile on comparable catastrophe bonds as an alternative asset investment structure (non-AIFM)
- Retroactive disentangling risk transfers for Greece’s accession to the Euro between Goldman Sachs and DEPFA Bank
- Monetisation of a portfolio of € 600M public healthcare receivables for regional healthcare funds (Aziende Sanitarie Locali) in Italy
- Restructuring a € 150M layered infrastructure facility in Calabria/Italy with complex legal and tax aspects – repatriating € 30M of tax credits accrued to water concessionaires in Italy as borrowers averting their insolvency
