World Risk Sharing Summit 2025

Alan has joined Howden at the beginning of 2024 as Executive Director, Balance Sheet Advisory & Structuring where his role will include arranging securitisation transactions (with a particular focus on SRTs) and advising clients on other credit risk management solutions.

Prior to Howden, Alan worked across a number of roles at Bank of Ireland for 20 years, most recently as Head of Balance Sheet Management & Execution responsible for securitisation, debt capital markets, liquidity portfolio management, IRRBB and NPE portfolio disposals.  In this role he established their successful SRT programme which now counts multiple transactions across a wide variety of asset classes.

Edmund "Ed" Parker covers all aspects of derivatives at the highest levels. He has been nominated as Global Derivatives Lawyer of the Year, a reflection of his technical excellence in this field.

He is a trusted thought leader for both clients and the profession, writing extensively on derivatives matters. Under his stewardship, the team was declared Global Law Firm of the Year – Overall at the GlobalCapital Derivatives Awards. The practice was previously declared European Law Firm of the Year – Transaction; and Americas Law Firm of the Year – Overall. The practice was also commended in the “Complexity and Scale” category of the FT Innovative Lawyers Report: Europe.

Frank is Portfolio Manager for the Cheyne risk transfer strategy, focusing on transaction origination, assessment and portfolio construction activities. Prior to joining Cheyne, Frank served as Managing Director and head of Capital and Structured Funding Solutions at Barclays International which he joined in 2006.

Notably, under his leadership, Barclays established the Colonnade SRT programme, which became an industry-leading issuance platform. Frank advised numerous banks on SRT solutions, served as board member of the AFME Securitisation Group and represented the industry on all SRT matters with regulatory bodies such as the PRA, EBA and Fed.

Frank holds a Master Degree from Ecole Centrale, with a year of specialisation in both Applied Mathematics for Finance and Entrepreneurship, and a postgraduate degree from La Sorbonne University in Financial and Economical Mathematics.

Georgi Stoev is heading the team that structures and invests in central and northern European securitisation transactions. Apart from being responsible for EIF investments in funded and synthetic structures, his team is also advising the European Investment Bank for investments in securitization exposures in CEE, the Nordics, etc.
Georgi has been with the European Investment Fund since 2009 and over the last 12 months together with his team, he has been responsible for over EUR 2.6 billion of new in SME securitizations the majority of which have been executed in a synthetic manner. Georgi is an alumnus of the London Business School and holds an MBA from the Chinese University of Hong Kong.

Kaelyn is a Partner and Portfolio Manager for ArrowMark Partners. A core member of the ArrowMark team since the firm’s inception, Kaelyn leads ArrowMark’s fixed income efforts in securitized products and has spearheaded the regulatory capital relief strategy since 2010. Kaelyn was also the lead analyst for the firm’s participation in the Term Asset-Backed Securities Loan Facility (“TALF”) program. Prior to joining ArrowMark Partners in 2008, she was an analyst at Janus Capital Group where her areas of focus included residential and commercial mortgage-backed securities, asset-backed securities, and interest rates (2004-2008). Previously, Kaelyn worked at Great-West Life where she was Assistant Portfolio Manager of $5.5 billion in separate account, general account and total return assets with a focus on high quality fixed income securities (1998-2004). Kaelyn graduated from Illinois State University with a bachelor’s degree in Economics and earned an MBA from Indiana University.

Kaikobad Kakalia is the CIO of Chorus Capital. Chorus Capital is a specialist asset manager investing in performing loan portfolios through risk sharing transactions with financial institutions operating in Europe. Kaikobad joined Chorus Capital at the beginning of 2014, from the Royal Bank of Scotland Plc where most recently he worked as a Managing Director in the Financial Institutions Group. Prior to that, from 2006 to 2012, Kaikobad managed the Treasury Structured Solutions team which originated, structured and executed more than 24 risk transfer transactions on behalf of ABN AMRO and RBS. Kaikobad has over 25 years of financial markets experience, having worked in London, New York and Hong Kong, in a variety of areas including sales, structured finance, CPM, Treasury and most recently Financial Institutions. He was one of the founding members of ABN AMRO’s Portfolio Management Group in 2001, and RBS’ Investment Bank Treasury in 2008.

Leanne specialises in structured finance and derivatives with a particular focus on repackagings and credit-linked products. She has acted for investors and originators across multiple jurisdictions, advising on a wide range of repackagings and structured notes linked to a variety of asset classes, including loans, commodities and funds, as well as advising on many innovative and bespoke synthetic risk transfer structures.

More recently, Leanne has been focussing on sustainable products, especially carbon, and credit-linked products, particularly synthetic securitisations and risk transfer transactions in all formats. She has a special interest in sustainable finance and its impact on capital relief transactions and securitised products more widely.

Leanne has been engaged in a number of innovative initiatives, including holding the pen on the market documentation for the trading of verified carbon credits (VCC) for the International Swaps and Derivatives Association (ISDA), advising ISDA on sustainability-linked derivatives, establishing market leading carbon-linked SPV note issuance platforms and advising on bespoke carbon structured finance products.

Based in the firm’s London office, Leanne has also been seconded at different times to the firm’s Dubai and Abu Dhabi offices.

Ms. Whitehouse is a Managing Director and founding member of Newmarket. She is also the Lead Portfolio Manager for IIFC IV, having served in the same capacity for IIFC III. Her primary responsibilities are the origination, structuring, and management of investments. Prior to founding Newmarket, Ms. Whitehouse served as a Director at Mariner Investment Group, where she also led the origination and structuring for multiple credit risk sharing investments. Ms. Whitehouse is a frequent speaker at various industry conferences. Prior to joining Mariner, Ms. Whitehouse served as an Analyst at Cohen & Company and completed the White House Internship Program. In 2019, Private Debt Investor named Ms. Whitehouse one of its “Rising Stars.” Ms. Whitehouse earned her BA in Political Science with Honors from Yale University and her Masters of Liberal Arts with a focus in Sustainable Development from the University of Pennsylvania. Building on her professional experience, her master’s thesis explored capital management practices at multilateral development banks.

Nimesh Verma is Head of Origination for the Credit Risk Sharing (CRS) strategy at Man, focusing on bank relationships. Prior to joining Man Group in 2024, Nimesh worked for 17 years in the Bank Advisory Team at BNP Paribas Corporate and Investment Bank, advising banks on strategic balance sheet management issues, including capital efficiency, Basel regulations, value management, CPM and risk transfer. Nimesh previously worked as a banking industry management consultant at Oliver Wyman.​ Nimesh holds a MEng in Manufacturing Engineering from Cambridge University

Ruairi Neville is Head of European Origination, International Mortgage Division, for Arch Insurance (EU) dac, a position he has held since 2022.  He joined Arch in 2016 as Senior Underwriter and, in 2019, assumed the role of Chief Underwriting Officer. Prior to joining Arch, Ruairi held the roles of executive director and board member at the Royal Bank of Scotland Finance (Ireland). He has a bachelor’s degree in Economics and Sociology from the University of Cork and a master’s degree in Finance from Dublin City University.

Frank is Portfolio Manager for the Cheyne risk transfer strategy, focusing on transaction origination, assessment and portfolio construction activities. Prior to joining Cheyne, Frank served as Managing Director and head of Capital and Structured Funding Solutions at Barclays International which he joined in 2006.

Notably, under his leadership, Barclays established the Colonnade SRT programme, which became an industry-leading issuance platform. Frank advised numerous banks on SRT solutions, served as board member of the AFME Securitisation Group and represented the industry on all SRT matters with regulatory bodies such as the PRA, EBA and Fed.

Frank holds a Master Degree from Ecole Centrale, with a year of specialisation in both Applied Mathematics for Finance and Entrepreneurship, and a postgraduate degree from La Sorbonne University in Financial and Economical Mathematics.

Georgi Stoev is heading the team that structures and invests in central and northern European securitisation transactions. Apart from being responsible for EIF investments in funded and synthetic structures, his team is also advising the European Investment Bank for investments in securitization exposures in CEE, the Nordics, etc.
Georgi has been with the European Investment Fund since 2009 and over the last 12 months together with his team, he has been responsible for over EUR 2.6 billion of new in SME securitizations the majority of which have been executed in a synthetic manner. Georgi is an alumnus of the London Business School and holds an MBA from the Chinese University of Hong Kong.

Kaelyn is a Partner and Portfolio Manager for ArrowMark Partners. A core member of the ArrowMark team since the firm’s inception, Kaelyn leads ArrowMark’s fixed income efforts in securitized products and has spearheaded the regulatory capital relief strategy since 2010. Kaelyn was also the lead analyst for the firm’s participation in the Term Asset-Backed Securities Loan Facility (“TALF”) program. Prior to joining ArrowMark Partners in 2008, she was an analyst at Janus Capital Group where her areas of focus included residential and commercial mortgage-backed securities, asset-backed securities, and interest rates (2004-2008). Previously, Kaelyn worked at Great-West Life where she was Assistant Portfolio Manager of $5.5 billion in separate account, general account and total return assets with a focus on high quality fixed income securities (1998-2004). Kaelyn graduated from Illinois State University with a bachelor’s degree in Economics and earned an MBA from Indiana University.

Kaikobad Kakalia is the CIO of Chorus Capital. Chorus Capital is a specialist asset manager investing in performing loan portfolios through risk sharing transactions with financial institutions operating in Europe. Kaikobad joined Chorus Capital at the beginning of 2014, from the Royal Bank of Scotland Plc where most recently he worked as a Managing Director in the Financial Institutions Group. Prior to that, from 2006 to 2012, Kaikobad managed the Treasury Structured Solutions team which originated, structured and executed more than 24 risk transfer transactions on behalf of ABN AMRO and RBS. Kaikobad has over 25 years of financial markets experience, having worked in London, New York and Hong Kong, in a variety of areas including sales, structured finance, CPM, Treasury and most recently Financial Institutions. He was one of the founding members of ABN AMRO’s Portfolio Management Group in 2001, and RBS’ Investment Bank Treasury in 2008.

Ms. Whitehouse is a Managing Director and founding member of Newmarket. She is also the Lead Portfolio Manager for IIFC IV, having served in the same capacity for IIFC III. Her primary responsibilities are the origination, structuring, and management of investments. Prior to founding Newmarket, Ms. Whitehouse served as a Director at Mariner Investment Group, where she also led the origination and structuring for multiple credit risk sharing investments. Ms. Whitehouse is a frequent speaker at various industry conferences. Prior to joining Mariner, Ms. Whitehouse served as an Analyst at Cohen & Company and completed the White House Internship Program. In 2019, Private Debt Investor named Ms. Whitehouse one of its “Rising Stars.” Ms. Whitehouse earned her BA in Political Science with Honors from Yale University and her Masters of Liberal Arts with a focus in Sustainable Development from the University of Pennsylvania. Building on her professional experience, her master’s thesis explored capital management practices at multilateral development banks.

Parya is a member of the Board and Chair of the Audit Committee.

She has over 20 years’ experience advising clients on a wide range of complex and highly structured trades with a particular emphasis on significant risk transfer products, bespoke funding trades and structured credit. She has extensive experience advising on contentious close-outs, redemptions and restructurings including during periods of financial distress, the Covid pandemic and various sovereign crises. 

She advises on insurance-capital markets cross-over structures including regulatory capital driven transactions and longevity derivatives. Parya has significant experience advising banks and sponsors on the hedging aspects of financings (project, acquisition, real estate and leveraged finance), securitisations and CLOs, including deal contingent hedging, restructuring of large hedging portfolios and the repackaging of inflation-linked cashflows. As part of her credit derivatives practice, she has advised the ISDA EMEA Credit Derivatives Determinations Committee on various matters over the years. Parya also advises on bespoke collateral arrangements with expertise on financial collateral arrangements. 

Pascale joined SG early 2019 and is today in charge of developing regulatory capital optimization & de-risking solutions for FIs. In 2019, she executed two CRT trades for approximately 7 bn€ securitized portfolio.

nPrior to joining SG, she worked 12 years at CACIB, firstly within the Securitization team and then within the CPM team where she was responsible for the structuring and management of regcap and secured funding deals for own account ; she built there a solid track record of synthetic securitizations deals and bespoke risk transfer transactions: 14bn€ securitized portfolio since 2014, covering a wide range of asset classes (incl. corporate assets, trade finance & emerging assets, Project/asset finance, capital calls) under Notes format and bilateral financial guarantee ; with some recent landmark transactions: first Green Capital Notes backed by a $ 3bn of Structured Finance portfolio (2017); synthetic securitization of a 3bn€ corporate assets portfolio with EIB Group within Juncker Plan (2017) ; synthetic securitization of a 2bn$ trade finance & emerging assets portfolio with IFC with reallocation on Social Emerging assets (2018).

Pascale graduated from the Ecole Nationale de la Statistique et de l’Administration Economique (ENSAE, Paris)

Mr. Bradbury focuses on structuring and executing bespoke credit transactions for banks, financial institutions and corporates to address and improve risk, return, regulatory or other performance metrics. This includes secured and unsecured funding and cash and synthetic risk transfer transactions, often with illiquid or unusual assets, using securitization and other techniques.

Mr. Bradbury has worked with financial and non-financial clients in Europe, the U.S., Africa and Asia, structuring cash and synthetic risk transfer transactions for banks across evolving regulatory frameworks in excess of €100 billion. He advises investors in the risk transfer space, including one of the first insurers in the modern risk transfer market. He has also advised on regulatory ratio optimization transactions unrelated to RWAs and risk transfer, including LCR, NSFR, provisioning and NPL ratios and leverage ratio.

Mr. Bradbury has worked on complex credit transactions, including cash securitisations that were the first of their kind; receivables and inventory-backed ABL facilities; platform and non-bank lender warehousing facilities; securitisations involving future flows, DPRs, receivables and NPLs; repo of unrated retained asset backed securities (ABS); contract monetizations; and ECA financing transactions.

Prior to joining A&M, Mr. Bradbury worked with StormHarbour as Head of Structuring and Advisory and was responsible for all credit structuring globally. Prior to that, he worked with Societe Generale in financial institutions advisory and with Barclays Capital in portfolio management structured execution.

Mr. Bradbury earned a master’s degree in physics from Oxford University. A CFA® Charterholder, he frequently serves as a speaker at risk transfer and ABS events.