Once a relatively sleepy backwater of longer-term project and small-scale FI financings, the loan markets of the Middle East are now global and booming. But as hydrocarbon-fuelled corporates and sovereigns seek to diversify and pick up assets around the world using leverage, the global credit market is facing its severest liquidity test since the early 1990s. Some say the malaise is even more profound than during the last oil shock.
Peter Bulbrook - Barclays Capital
Peter Bulbrook is a Managing Director in Global Loans at Barclays Capital and is Head of European and Middle East Loan Origination. He joined Barclays Capital in 2000 from HSBC where he was a senior member of the Loan Distribution team. Before that, Peter spent five years at the Industrial Bank of Japan where he held various roles in Structured Finance including Leveraged and Project Finance Loan Syndication.
Gilles Franck - Standard Chartered Bank
Gilles Franck is the Regional Head of Capital Markets, MENA and Pakistan for Standard Chartered Bank. Based in Dubai, he manages the fixed income, loan syndications and securitisation business across North Africa, Middle East and Pakistan. Prior to joining Standard Chartered Bank in June 2007, Gilles Franck spent 18 years at the former Paribas and then BNP Paribas where he was Head of Debt Capital Markets for the EEMEA region, based in London.
Raouf Jundi - Bank of Tokyo-Mitsubishi UFJ (BTMU)
Raouf Jundi has 22 years banking experience of which 20 years have been in the syndicated loan market. In particular he has covered the Middle East region since starting with BTMU 14 years ago. Raouf is responsible for the bank’s syndicated loan business in the Middle East and Africa regions, which has included corporate, bank, project and sovereign borrowers. Previously he was with Bank of New York in London and Geneva.
Declan McGrath - Royal Bank of Scotland (RBS)
Declan is currently Managing Director and Head of Loan Capital Markets within the Royal Bank of Scotland Loan Markets Team. He joined NatWest Markets in July 1991 to run the Loan Syndications Distribution Group, having spent the previous 12 years at Credit Suisse First Boston working in the Bond and Syndicated Loan markets, both in the United States and in London.
Grainne Molloy - HSBC
Grainne Molloy is a Director in the Leveraged and Acquisition Finance team. She joined HSBC in 1999. Prior to joining the syndicated finance team in HSBC, Grainne worked in loan syndications in The Industrial Bank of Japan Ltd (now Mizuho Financial Group) where she was responsible for syndicating international debt financings, primarily responsible for project financings.
Rizwan Shaikh - Citi
Rizwan Shaikh is a Director in CEEMEA Debt Markets at Citi in London. He has more than 10 years experience in credit, structuring and distribution of various loan products in emerging markets. He is currently responsible for the CIS and Middle East regions for syndicated debt and has led some of the largest financings across the region.
David Cox - Associate Editor, IFR
Ouida Taaffe - Senior Reporter, IFR
Click here for Part One of the Roundtable.