Agenda for NPL Investing & Servicing Summit Athens 2019

DDC Summits presents a global perspective on NPLs and distressed investment opportunities, with Europe & Asia's most active regions firmly in the spotlight. Network and discuss investing strategies with industry peers from around the globe through our introductory meeting platforms and networking events, and gain insights to creating value in the current and expected market through informative presentations and panel discussion sessions.

THURSDAY, October 17 |

9:00 | KEYNOTE PRESENTATION: REGULATORY DEVELOPMENTS IN EUROPE


Speaker: Oleg Shmeljov Senior Policy Expert, European Banking Authority, France




9:15 | MARKET OVERVIEW & UPDATE


Panel Discussion

  • An overview of the non-performing loan market
  • Top deals of 2019
  • Top buyers in Europe & Asia
  • Emerging Markets in 2020
Speakers Moderator: Dr.Thimios Bouloutas, Partner, Head of Financial Services, Grant Thornton Anurag Das, Managing Director & CEO, International Asset Reconstruction Company Oleg Shmeljov, Senior Policy Expert, European Banking Authority Saleem Malik, Partner, Ernst & Young Anthony Poulopoulos, Partner, ReedSmith




8:00 | REGISTRATION OPENS


Register for the event HERE




10:50 | COFFEE BREAK | MEETING PLATFORM OPENS


Attendees wishing to participate for the 1:1 meeting will receive access to the web-based scheduling platform. Participants can review attending firms and their party. Once the invitation is accepted, the meeting is scheduled at a numbered table in the designated area. Help Desk is available for the entire event to assist with meetings




10:00 | GREEK BANKING: LEGAL FRAMEWORK & NEW DEVELOPMENTS ON THE HORIZON


Panel Discussion Speakers: Moderator: Dr. Yannis Kelemenis, Managing Partner, Kelemenis & Co Dimitris Anastasopoulos, Partner, Anastosopoulos & Associates Law Office Nikolaos Myrtakis, President, Association of Coopertaive Banks of Greece Fotis Kourmousis, Sectoral Secretary Special for Private Debt Mngmt., Ministry of Finance Stathis Potamitis, Managing Partner, Potamitis Vekris Law Firm Alexandros Argyros, Managing Director & Head of Investment Banking, AXIA Ventures Group Vasilis Kosmas, Partner, Alantra




11:20 | GREEK BANKING: HOW THE BANKS HAVE DEALT WITH NPLs AND THE WAY AHEAD


Panel Discussion Speakers: Moderator: Marios Koliopoulos, Managing Director, Alvarez & Marsal George Christopoulos, Senior Advisor to CEO, Piraeus Bank Theodore Athanassopoulos, Executive GM of NLP Wholesale Banking, Alpha Bank Charoula Apalagaki, Secretary General, Hellenic Association of Banks Marica Frangakis, Member of the General Council & State Representative, HFSF Tassos Panoussis, General Manager, Retail NPLs, Eurobank & CEO, Eurobank FPS




12:20 | NPL INDIA (TRACK 1)


Panel Discussion

  • An overview of Non-Performing Assets in India
  • Challenges and recommendations for reform
  • The legal framework, new developments, new government regulations, benchmarks established and key learnings
  • Servicing capabilities - who are the top services on the market, most active players.
  • The latest NPA Transactions / Portfolio Acquisitions
Speakers: Moderator: Alok Gahrotra, Director, Deloitte Bahram N. Vakil, Founding Partner, AZB & Partners Manish Lalwani, Founder, AREION GROUP Anurag Das, Managing Director & CEO, International Asset Reconstruction Company Shailendra Dhakadey, Co-Founder and Managing Director, Special Solutions (India) Block Sponsor




13:00 | NETWORKING LUNCH


Lunch will be served at the FOS Restaurant on the ground floor.




14:00 | ITALY: NPL TRANSACTIONS & ASSET TYPES (TRACK 1)


Panel Discussion | Track 1

  • The buy-side & sell-side perspective
  • What asset type are coming to the market and where?
  • Opportunities and challenges in key segments
  • Unsecured & Secured Assets
  • Securitization: Dismissing of UTPs
  • How is the secondary market developing?
  • What type of size deals are developing & what new opportunities are arising?
Speakers: Moderator: Norman Pepe, Partner, Italian Legal Services Steve Lennon, Founder & CIO, Phoenix Asset Management Matteo Gervasio, Chief Investment Officer, MBCredit Solutions Francesco De Gennaro, Partner, DLA Piper Massimo Famularo, MD, Head of Italian NPLs, Distressed Technologies Block Sponsor




14:00 | DDC HUB: GREEK SHIPPING (TRACK 2)


Join us for an open forum discussion on the dynamic landscape of Greek Shipping. Hosted by an industry luminary, no speakers or presentations, this is a closed door discussion where everyone is invited to join in the conversation in an engaging and participatory environment. Hosted by: Nicolas A. Vernicos, President of International Chamber of Commerce-Hellas Elias Sakellis, Chief Investment Officer, Borealis Maritime Ltd, UK




15:50 | COFFEE BREAK & 1:1 MEETINGS


Networking




15:00 | NPL INVESTING & OPPORTUNITIES IN IBERIA (TRACK 2)


Panel Discussion

  • Evolution of the Spanish NPL market and comparison with its European peers
  • Mortgage-secured vs SMEs’ debt-based NPLs, which are more attractive to investors and why?
  • Discuss the acceleration in the sale of NPLs in the past year and who the new players in the market are
  • Which key factors and obstacles are driving investment decisions in 2019-20?
  • What level of Funds are being prepared for new transactions and for which asset classes are investors targeting?
  • Why are investors so keen on the Portuguese market?
  • Does the servicing market have enough depth to support the expected volumes?
  • Are the portfolios coming to market getting any different?
  • Are CRE and corporate loans replacing the traditional resi activity seen in the previous years?
  • How do you see the Real Estate market progressing?
Speakers: Moderator: Clarence Dixon, Managing Director, Global Head of Loan Services, CBRE, UK
Joao Boullosa, Managing Partner, Duo Capital, Portugal José Carles, Founding Partner, Carles Cuesta Abogados, ES Mafalda Monteiro, Head of Banking & Finance, Miranda & Associados - Sociedade de Advogados, Portugal




15:00 | NPL INVESTING & OPPORTUNITIES IN CSEE (TRACK 1)


Panel Discussion

  • Market update and the obstacles to further lowering NPLs in the CSEE countries
  • Effects that the NPLs have for the overall economy and how to move things forward
  • Investor perspective: Who will invest in CSEE NPLs in 2020 and why?
  • Investing in retail NPLs from the bank’s perspective, is it viable?
  • Looking ahead: Which types of asset classes that are the next hot investments
  • Recent noteworthy transactions
  • Prevention is better than cure: What regional legislators, companies, and banks doing in order to prevent another wave of NPLs
Speakers: Moderator: Liliya Dimitrova, CEO, Frontex International Andreea Moraru, Associate Director - Senior Banker, EBRD, UK Jozef Martinak, Chief Investment Officer, APS Investments Jonathan Nighswander, Partner, Schottentor Capital Konstantin Karchinov ,Managing Director, AnaCap Financial Partners Bogdan Olteanu, Head of Commercial at CITR Group Lech Giliciński, Partner, Wolf Theiss




16:20 | NPL INVESTING: THE GLOBAL INVESTOR PERSPECTIVE


Panel Discussion

  • Recent investments
  • Investing with a local partner
  • Entering a new market
  • Thoughts on China & India?
  • Which asset classes would be of most interest to you in the NPL Market? SMEs, large commercial credits, consumer unsecured, residential mortgages?
  • How are opportunities sourced?
Speakers: Moderator: Gordon Kerr, Head of Structure Finance Research Europe, DBRS, UK Kostas Halatsis, Managing Director, Redwood Asset Management Akis Bis, Country Managing Director, Intrum Arpad Sebe, Partner - Head of Europe, Balbec Capital Chris Winkler, CEO, Razor Capital Georgios Elekidis, Vice President, Bain Capital Credit Matthew Doerner-Miller, Director Debt Purchase, Lowell




19:00 | GALA DINNER


Presentation: Greece at the crossroads: Crisis, adjustment and prospects By: Panos Tsakloglou, Economics Professor at Athens University Take your networking further into the evening, in the elegant surrounds of the 5 star Royal Olympic Hotel. From the top floor of the hotel, with panoramic views of the Acropolis, Hadrian's Arch and the Temple of Zeus, this is a dining and socialising event not to be missed. Separate registration is required for this exclusive event. https://www.regonline.com/galadinner_athens_2019. A fee of €129 + VAT applies. Includes a cocktail reception, a 4-course gourmet dinner and full beverage package. For further details, please contact aneta.stastna@ddc-financial.com or call +420 222 535 535




12:20 | MEDIATION WORKSHOP (TRACK 2)


Workshop presented by:





FRIDAY, October 18 |

8:00 | REGISTRATION OPENS


Register for the event HERE




9:00 | KEYNOTE PRESENTATION: Greek Case Study – First Public NPL Transaction


  • A case study to be confirmed

  • Deleveraging process of Greek banks (portfolio sales vs securitisation)

  • Performance on Greek transactions

Speaker: Alessio Pignataro, Senior Vice President, EU ABSGlobal Structured Finance, DBRS




9:15 | PRESENTATION: Independent vs. carve outs /captive servicers


  • Greek servicing market, capacity/capabilities and trends

  • Strategy and cultural divergence

  • Why investors would choose an independent vs. captive servicer

  • How much specialization is in the market to work out thematic and difficult cases

By: Theo Mathikolonis, Executive Director, Corporate Portfolios & Underwriting at Quant




9:30 | SERVICING MORTGAGES – The New Retail Front


Speakers: Kely Pesketzi, Partner, Zepos & Yannopoulos, (Moderator) Maria Orfanidou, Business Development & iGovernance, Eurobank FPS Richard Langstaff, CEO, Cepal Hellas Financial Services Antonis Bayias, Managing Director, EOS Matrix Theo Mathikolonis, Executive Director, Corporate Portfolios & Underwriting , Quant Angelo Angelidis, President, ESEDA




10:15 | COFFEE BREAK | MEETING PLATFORM OPENS


Attendees wishing to participate for the 1:1 meeting will receive access to the web-based scheduling platform. Participants can review attending firms and their party. Once the invitation is accepted, the meeting is scheduled at a numbered table in the designated area. Help Desk is available for the entire event to assist with meetings Coffee break sponsored by:




13:25 | DDC HUB: NPL INVESTMENTS & NEW DEVELOPMENTS IN CHINA (TRACK 2)


DDC HUB Join us for an open forum discussion on NPLs in China. This is a closed door discussion where everyone is invited to join in the conversation in an engaging and participatory environment. Hosted by: Catherine Miao, Partner, Jun He LLP, China Chris Kanwei, Managing Director, RealCorp Capital, UK

  • Does the pace of bad debt build-up show any signs of slowing in the face of increasing trade frictions?
  • Comment on the large supply of NPLs and continuing build-up.
  • What measures are being taken by Beijing to address this?
  • Risks to foreign investment into Chinese NPLs, including the downturn in real estate and ownership issues, as well as knowledge and experience in navigating the local market




12:20 | LUNCH


Lunch will be searved at the FOS Restaurant on the ground floor.




13:35 | CYPRUS - NPL INVESTMENTS, SERVICING & NEW DEVELOPMENTS


Split Panel Discussion

  • Why invest in Cypriot NPLs?
  • What are the opportunities and new developments?
  • Pending securitisation legislation Current status of the Cypriot real estate sector
  • Government naturalization scheme for foreign real estate investors, debt-to-equity and debt-to-asset swaps to reduce non-performing loan portfolios
Speakers Moderator: Christophoros Anayiotos, Partner, KPMG Kyriaki Georgiou, Lawyer, Harris Kyriakides George Mountis, Managing Partner, Delfi Partners & Company Marios Eliades, Partner, Tassos Papadopoulos & Associates Anthi Exadaktylou, Manager Corporate Management, Bank of Cyprus Stelios Georgakis, Assistant Director, Central Bank of Cyprus Christos Scordis, Partner, Scordis, Papapetrou & Co




13:10 | PRESENTATION: Opportunities in Hospitality and Tourism - Invest in Cyprus


Speaker Michalis Kafkalias, Property Sales & Migration Consultant, First Class Homes, Cyprus




16:20 | FOCUS ON SME PORTFOLIOS IN GREECE & CYPRUS


  • How do geographic location and fiscal policies affect the kinds of SME portfolio opportunities in the current market?
  • Successful export oriented SMEs that attract PE capital.
  • How does the selling of SME portfolios by the four systemic banks compare to the selling of consumer and shipping loans?
  • With SMEs comprising of 99.9% of the private sector in Greece, how does this affect the selling of NPL portfolios in the country?
Speakers: Moderator: Lyda Modiano, Communications Strategist, Wide Strategy, UK Agisilaos Toumazatos, Founder & CEO, IBF, Senior Advisor SMEs, EBRD Tassos Iossiphides, Partner, Ernst & Young Konstantinos G. Maramenos, Manager: Greece, Brookstreet Equity Partners Sabina Dzuirman, Country Director - Greece & Cyprus, EBRD




11:40 | GLOBAL RESTRUCTURING & SPECIAL SITUATIONS


Panel Discussion

  • Comparing different strategies.
  • Which part of the market should LPs be investing in?
  • What options are on the table in Europe?
  • India & China
Speakers: Moderator: Dietmar Schultz, Partner, DLA Piper Matthew Quade, Managing Director, BM&T Vlad Nastase, CEO, Concilium Consulting Harry Kyrkos, Chaiman of the Board and Founder, DV01 Asset Management Stergios Frastanlis - A.S. PAPADIMITRIOU & PARTNERS LAW FIRM Jan Petersen, Managing Director , Apleona Invest Panel Sponsors




14:15 | COFFEE BREAK | MEETINGS


Coffee break sponsored by:




15:00 | OPPORTUNITIES IN DISTRESSED REAL ESTATE


Speakers: Moderator: Anna Nazou, Managing Director , NAI RealAct Chris Mantzouratos, Engagement Manager, Arbitrage Real Estate Yannis Paraskevopoulos, General Manager, Danos Panikos Livadhiotis, Managing Director, Lefteris Livadhiotis & Sons - Property Developers Vasileios Gkonis, Real Estate Portfolio Manager, Delfi Partners & Co. George Litsas, Managing Director, GLP Values, a member of GVA Worldwide




11:40 | UKRAINE - INVESTMENT OPPORTUNITIES & NEW DEVELOPMENTS (TRACK 2)


Panel Discussion

  • What is the quality and volume of the NPL stock in Ukraine and as such, what are the corresponding opportunities?
  • Challenges with financial transactions and how easy is it to move your money in and out of the country?
  • What levels of resources are there on the ground to successfully extract value from portfolios?
  • How easy is it to find a reliable servicing partner?
  • Is Ukraine a high-risk market and therefore, are there possibilities of high returns?
  • What are the key factors to consider before entering this market
  • How banks are complying with the NPL reduction programs?
  • What developments have had the most impact in the past five years?
Speakers: Moderator: Carmelo Caggia, Founder & CEO , Creative Solutions, IT, Former CNBC Anchor Yuri Kostrobiy, Founder & Partner at Avistar Group Jonathan Wheatley, Principal Investment Officer, Distressed Assets - EMENA, IFC Martin Machon, CEO, APS Taras Yeleiko, Director of Consolidated Sales Office, Deposit Guarantee Fund Speaker TBC - EBRD




14:45 | PRESENTATION - THE GREEK RESIDENTIAL MARKET: TRENDS, VALUATION AND SERVICING


  • The Greek Real Estate Market: Strategic Assessment
  • The Residential Market: Commercial Indicators, Financing and Stock
  • Golden Visa and Luxury Residences
  • The Case of Portfolio Valuations: Applying the AVM approach
  • Granular vs Non-Granular Assets: REO Servicing
By: Ioannis Orfanos, Partner, Arbitrage Real Estate




17:00 | Toast & Networking


Toast & Networking End of Summit




11:00 | SERVICING SMALL, MEDIUM & LARGE CORPORATE BORROWERS | REAL ESTATE COLLATERAL AND OWNED MANAGEMENT


Speakers: Moderator: Michael Haralabidis, Chief Risk Officer, Hellenic Financial Stability Fund Ioannis Giannakos, Head of SBL Recoveries, Cepal Hellas Financial Services Andreas Papadakis, Co-founder & General Manager, Archeiothiki SA Dimitri Vlachos, CEO, DV01 Asset Management Ioannis Tegopoulos, Executive Vice Chairman, Hipoges Hellas




10:45 | PRESENTATION: Benefits of Holistic NPL Services


Marcus Behrend, Business Development Director, DACH & CEE at DFIN Andreas Papadakis, Co-Founder & General Manager, Archeiothiki SA




15:40 | TOURISM & HOSPITALITY


Speakers: Moderator: Vassiliki Salaka, Partner, Karatzas & Partners Panos Charalambopoulos, Managing Director, Solum Property Soluions Anna Vlasopoulou, Partner, IDMON Property Advisors & Technical Experts Panagiotis Verykios, Advisor, Zeus International Michalis Kafkalias, Property Sales & Migration Consultant, First Class Homes





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