Baader Bank AG
Founder & Consultant
Uto Baader (born 1944) was the founder and Chairman of Baader Bank AG’s Executive Board until July 2015 and head of the organization for a total of 32 years. In 1983 Uto Baader became an authorised stockbroker on the Bavarian Stock Exchange in Munich, where he began trading in international equities. Before starting his career as a stockbroker, he was head of the International Equities Trading section at Bayerische Landesbank in Munich, where he worked for 13 years. Four years later, following his initial success in Munich, he was also authorised to trade on the Baden-Württemberg Stock Exchange in Stuttgart. Uto Baader broadened the scope of his business activities in 1993, working on the flotation of a software firm. This later led to the creation of a separate division specialising in support for corporate actions such as IPOs, capital increases and takeover bids. His work as a broker gained a broader institutional footing in 1996 when Uto Baader founded Baader Wertpapier GmbH. At the same time, he acquired a majority stake in the listed company Ballmaier & Schultz Wertpapier AG in Frankfurt, joining its Executive Board. Two years later he merged the two firms, creating Baader Wertpapierhandelsbank AG and taking over the reins of the new company. After receiving a full banking licence from the German Federal Financial Supervisory Authority in July 2008, the company became Baader Bank AG, and Uto Baader became Chairman of its Executive Board.
Institute of Public Finance
Republic of Croatia
Anto Bajo graduated and received M.S. from the Faculty of Economics and Business, Zagreb; Ph.D. from the Faculty of Economics in Ljubljana, Slovenia in 2006. He is researcher at the Institute of Public Finance in Zagreb and professor at the Faculty of Economics and Business at Zagreb University teaching courses «Public Finance» and “Local Government Finance”, “Public debt management” and “Public expenditure management”. Bajo is member of “Advisory Council of Higher Education and Science Funding”, member of “Budget and Finance Committee” of Croatian Parliament and president of Statistical Council of the Republic of Croatia. He is member of editing board of journal “Financial theory and practice” and member of International Atlantic Economic Society. His main fields of interest include public finance management, budget system and fiscal federalism.
Institute of Public Finance
Republic of Croatia
He took his doctorate at the Economics Faculty in Zagreb, and now works in the Institute of Public Finance, Zagreb. He was a Kingdom of Denmark scholar in Copenhagen, a Fulbright scholar at the University of Wisconsin at Madison, and a British Council scholar at Essex and Bath universities. He has taken part in a number of projects, such as The Underground Economy and The Employment Policy Programme of the Croatian Government. He publishes in scientific and professional journals. He is the author and editor of many books and research related to financial reform, particularly financial feasibility and sustainability of the pension system, collection of pension contributions and equity and efficiency of the social policy. He was a leader of Project The Reform of the Pension System and Sustainable Budget, analysis of current trends in pension system, problems and proposal for improvement. Recently he prepared the articles Demographic Ageing and Measures for Keeping Older People in the Labour Market (Zagreb: Ekonomski fakultet, Zagreb, 2014. Str. 367-390), and “Characteristics and reasons for protection of the mandatory funded pension system in Croatia” (Radno pravo. 11, 2014, 3; 48-54).
Allianz Asset Management
Michela joined Allianz in July 2014 as Senior Economist in the International Pension team.
Before her current role she has worked at the Max-Planck-Institute for Social Law and Social Policy, where she took over responsibility as head of the research unit “old-age provision and social policy”.
Previous to that Michela worked as researcher at the Mannheim Institute for the Economics of Aging, where she conducted extensive research on individuals’ saving behavior, legislative changes in the pension system and their economic effects.
Michela graduated in Rome and continued her studies at the University of Munich, where she received a Ph.D. in economics.
In her spare time Michela enjoys outdoor activities with her family, particularly hiking and skiing.
Valamar Riviera Inc.
Marko Čižmek graduated from the Faculty of Economics in Zagreb in 1996. His career started in 1996 in the Croatian National Bank, followed by several years in corporate finance at Investmentbank Austria and ICF Ltd. From 2001 to 2004, he was a Member of the Management Board of EURO Invest, an investment fund management company. He has held various senior positions in the Valamar Group: a Member of the Management Board of Rabac Inc. (from 2004 to 2011), a Member of the Management Board of Dubrovnik-Babin kuk Inc. (from 2009 to 2013), and a Member of the Management Board of Valamar Adria Holding Inc. (from 2008 to 2014). Together with successfully passing the brokers and investment advisors exams, he is also a Member of the Board of the Croatian Association of Financial Analysts and the Croatian Association of Corporate Treasurers. As a Member of the Management Board of the Valamar Riviera Inc. since 2011, Mr. Čižmek is responsible for finance and accounting, treasury, investor relations, and IT.
Joseph Faith is a credit strategist, advising both real money and leveraged clients. He is a member of Citi’s European Credit Products Strategy team, based in London. He has worked in Credit Strategy for the past five years and specialises in flow credit products and relative value. His work includes developing general investment strategies, building valuation models, as well as making specific trade recommendations. These can be found in publications such as the European Credit Weekly and European CreditBrief. He joined Citi in 2010 and is a graduate of the London School of Economics, where he read International Relations.
President of the Management Board
Zagreb Stock Exchange
Graduated in Finance from the Faculty of Economics and Business at the University of Zagreb and gained the Executive MBA degree from the International Executive Development Center Bled (Slovenia) and is also a certified investment advisor.
Ivana gained wide professional experience working for leading Croatian companies and financial institutions starting her career in 1998 at Pliva where she served until 2003 as a Head of Capital Market Operations. Since 2003 till 2005 she worked at Lura as a Head of strategic financing project with EBRD and DEG and the assistant to CEO. In 2005 Ivana joined Société Générale – Splitska Banka as a Deputy Head of Corporate Department and a Head of Structured Finance Department. She continued her career in Hypo Alpe-Adria-Bank taking the position of Executive Director responsible for financial markets, private banking, corporate finance, asset management and investment funds.
Since May 2010 Ivana is the President of the Management Board of Zagreb Stock Exchange. She was a speaker, lecturer and participant in numerous conferences and professional gatherings on the subject of banking, finance and capital markets.
Co-head EM Equity & Derivative Strategy
Born and educated at Indian Institute of Technology (New Delhi) and ESCP Europe (Paris), Mr. Gheedia began his career in the Paris office of BNP Paribas in trading. He later transferred to Equity and Derivative strategy department to work as a Macro Equity Strategist. Initially focusing on convertible strategy and later equity strategy, Mr. Gheedia brings a macro x-asset background to the team. In the current role Mr. Gheedia provides macro equity strategy to provide fundamental market analysis and Derivative strategy to provide the best way to implement those views using the full range of products in equities, derivatives and other asset classes.
Raiffeisen Bank International
Christian studied in London and Vienna and holds a master’s degree in Business Administration from the Vienna University of Economics and Business Administration.
In his role as senior strategist at Raiffeisen Bank International, he gives strategic and tactical investment recommendations for equities, equity indices and industrial sectors.
His areas of expertise include developed equity markets and the global consumer discretionary sector.
European Fund and Asset Management Association (EFAMA)
Director, Regulatory Policy
Vincent Ingham is Director, Regulatory Policy at EFAMA (European Fund and Asset Management Association). He joined the association in 2009 as regulatory policy advisor, focusing in particular on EU investment funds product regulations (UCITS, AIFMD…), protection of clients’ assets and Shadow Banking issues.
From 2001 to 2009, Vincent Ingham was employed at Fortis Investments in the Fund Structuring department where he was in charge of the creation, approval and maintenance of a wide range of Belgium domiciled investment funds. Between 1996 and 2001, he worked as lawyer for two law firms based in Brussels where he specialized in financial law and company law. He holds a master degree in Law from the University of Louvain-La-Neuve (U.C.L.), Belgium.
Before joining InterCapital in 2003, Mr Korunić worked as a Head of Treasury at PLIVA, a leading pharmaceutical company in the CEE region, currently owned by Barr pharmaceuticals. He was in charge of setting up a treasury department on the Group level. Over a 5 year period he worked with PLIVA, he led and participated in a number of major and novel transactions (international acquisitions, financing through ECPs, EMTNs, asset backed loans) that were important for PLIVA’s growth and transformation into a global pharmaceutical corporation. In 2003 Mr Korunić joined InterCapital as a founding partner and managing director. Over 12 years InterCapital, lead by Mr Korunić and partner Mr Nevidal, has become one of the leading financial services provider in South-Easter Europe.
In 12 years working at InterCapital Mr Korunić has advised a significant number of companies in different types of transactions (capital and debt markets, M&A deals). Some of the most recent deals on capital markets include: Adris reverse $21m ABO (2015), TNG $16m SPO(2015), TNG $31m IPO (2015), Atlantic Group €25m ABB, Podravka €24m ABB (2011).
Areas of his expertise include corporate finance, public and private financing, risk management, investment and basics of tax management.
Leader of the Opposition of the Seimas of the Republic of Lithuania
Former Prime Minister of Lithuania
Andrius Kubilius graduated from Vilnius State University, Faculty of Physics, in 1979. He was Secretary-in-Charge of the Lithuanian Reform Movement Sajūdis in 1990-1992.
Andrius Kubilius has been a member of the Seimas of the Republic of Lithuania since 1992 and twice the Prime Minister (1999-2000 and 2008-2012).
Chairman of the Homeland Union – Lithuania Christian Democrats from 2003 to 2015. In the current legislative term, he is Leader of the Opposition of the Seimas, as well as Member of the Committee on Budget and Finance and the Committee on European Affairs.
Since 2015 – member of the Advisory International Council of Reforms for the President of Ukraine.
Andrius Kubilius pursues wide-ranging interests: he is interested in political science, history and economics. He served as Chairman of the Policy Committee of the Knowledge Economy Forum from 2001 to 2008, and was Chairman of the Knowledge Society Council under the President of the Republic of Lithuania in 2001-2003. In 2012 Andrius Kubilius was granted the World Leader Cycle Award by the Economic Faculty Association of Rotterdam University.
Ivan joined InterCapital Group in early 2004 after graduating from the Faculty of Economics and Business at the University of Zagreb. Since joining InterCapital Ivan was engaged in various projects/positions at InterCapital including heading of a money market & repo desk, FI & derivatives trading and setting up of an equity research department. Since early September 2007 Ivan took full responsibility over equity business at InterCapital setting up foundations for sustainable growth of the business that yielded with c. 20%+ market share in Croatia in within 5 years’ time. From mid-2011 Ivan has been appointed CEO of the Investment company and at the end of 2011 also CEO of the whole InterCapital Group having responsibility for business development and international sales.
Throughout the years at InterCapital, Ivan actively participated in many international educational programs organized by premier European business schools such as IMD, INSEAD, LSE & IEDC covering topics of strategic management, corporate finance & strategies, valuation, options and futures trading strategies & technical analysis.
Areas of his expertise include investment management, Equity, FX & FI trading & corporate finance.
European Securities and Markets Authority (ESMA)
Steven Maijoor is the Chair of the European Securities and Markets Authority (ESMA). He took up office on 1 April 2011 and is the first chair of the authority and has been appointed for a term of 5 years. He represents the Authority and is responsible for chairing ESMA’s Board of Supervisors, which gives strategic guidance to ESMA and takes all main regulatory and supervisory decisions. He also chairs the Management Board, which needs to ensure that the Authority carries out its mission and performs its tasks.
Prior to taking up this role, Steven was Managing Director at the AFM, the Dutch financial markets regulator, where he was responsible for capital market supervision, including financial reporting and auditing, prospectuses, public offerings, and the supervision of the integrity of financial markets. During his term, the scope of activities of the AFM vastly expanded and he was responsible for building and implementing supervision in the capital market area. In his regulatory role at the AFM, Steven has held a number of international positions, including the Chairmanship of IFIAR (International Forum of Independent Audit Regulators).
Before joining the regulatory world, Steven was the Dean of the School of Business and Economics at Maastricht University, and had pursued a long career in academia which included a variety of positions at Maastricht University and the University of Southern California.
He holds a PhD in Business Economics from Maastricht University, was a research student at the London School of Economics, and has a master in Business Economics from the University of Groningen.
Steven Maijoor is married and has two daughters and a son.
ALTA Skupina d.d.
Simon Mastnak is an executive director of ALTA Skupina d.d. and is responsible for corporate finance projects and investment banking. In addition to other projects, he was also a lead project manager of the public offer of Reinsurance company Sava Re’s; debt to equity of Gorenje; capital increase of the third largest state-owned bank Abanka; and a number of sell and buy M&A projects.
He started his career in capital markets on Ljubljana Stock Exchange, where he was a head of the development and marketing department and was in charge of the securities promotion and new products placement on the Ljubljana Stock Exchange.
Before he joined ALTA Skupina in November 2012, he was self-employed in the company, specialized for investors’ relations, called Masset Consulting, where he advised practically to all the most distinguished members on Ljubljana Stock Exchange: Gorenje, Luka Koper, Intereuropa, Zavarovalnica Triglav, Telekom Slovenije, Mercator, Sava RE and others. There he established strong connections with local and international investors’ network. He also advised to Vienna Stock Exchange regarding the South East European markets and was in charge of the IR part of the corporate projects: Unior, Datalab (Listing of New Shares), public offer of new shares (Sava RE) and M&A transactions.
Simon Mastnak holds MsC from Universtiy in Maribor.
President of the Board
Croatian Financial Services Supervisory Agency
Graduated in Finance from the Faculty of Economics and Business at the University of Zagreb and gained the CFA and CIPM degree (CFA Institute, USA), as well as DESS ‘International Management – Finance’ at Louis Pasteur University at Strasbourg, France (postgraduate study in international finance and financial markets, master degree thesis in foreign exchange risk management). He also holds an investment advisor license (Croatian SEC) and Pension fund’s management license.
Pierre started his career in 1998 at Croatian National Bank as USD fixed income portfolio manager and continued at Zagrebacka banka (UniCredit Group) as a Head of the Asset Management Department. In 2002 he became a President of the Management Board of ZB Invest mutual funds management company (Zagrebacka banka Group, UniCredit Group). In 2011 Pierre was appointed President of the Board of the Croatian Financial Services Supervisory Agency and also represents Croatia in ESMA (European Securities and markets Authority), EIOPA (European Insurance and Occupational Pensions Authority) and ESRB (European Systemic Risk Board).
He was also President of the Croatian Association of Mutual Funds Management Companies, Vice-president of the Croatian Association of Mutual Funds Management Companies and a member of the Working Group for the Chapter Financial services within the negotiations process for the accession of the Republic of Croatia to the European Union as well as a member of various working groups related to the adoption of capital markets and investment fund regulation in line with EU Directives.
School of Economics, University College Dublin
Colm McCarthy is a graduate in Economics of University College Dublin and of the University of Essex. He has worked at the Economic and Social Research Institute, the Central Bank of Ireland, with the economic consulting firm DKM and at the Economics Department of University College Dublin.
He has served on the boards of the Electricity Supply Board and of the Irish Gas Board, is currently a member of the Dublin Airport Authority and has undertaken consulting assignments for the EU Commission and for the World Bank. He has published over 40 technical articles on issues in applied economics in Irish and international journals, including the Economic Journal, the Journal of the Royal Statistical Society, and the European Economic Review.
He writes regular columns for the Farmers Journal and for the Sunday Independent.
President of the Management Board
Tomislav Popović started his career in tourism in 1995 at the Hotel Sheraton in Zagreb. From the following year until 2000, he worked at the Institute for Tourism in Zagreb as a junior researcher. His first managerial position was that of a director at the Kristal Hotel in Umag. After that, he held executive functions at Riviera Poreč until mid-2005. During the next six months, he worked for the Win–Win company specialised in consultancy services related to hotel management. After that, Popović moved to the public sector, becoming the director of the Istria County Tourist Association in 2006.
At the beginning of 2011, he came to the leading position at Maistra, one of the leading tourist companies in Croatia. This was after Popović had spent some time as the president of the Board at the Atlas agency operating within the adriatica.net Group. Two years later, he was also appointed a member of the Board of the Adris Group, within which Maistra operates. Popović graduated in Hotel Management and Tourism from the Faculty of Economics and Business in Zagreb. In 1998, after graduation, he enrolled in a postgraduate study programme titled “International tourism in the national economy”.
Former Latvian central banker, Prime Minister and Minister of Finance
Einars Repse is a former Latvian central banker, Prime Minister and Minister of Finance.
Einars Repse graduated from University of Latvia in 1986 with a degree in physics. He first entered politics in 1988 as one of the founders of the Latvian National Independence Movement, a political organization promoting Latvias independence from the Soviet Union. He was elected to the parliament of Latvia in 1990.
In 1991 Einars Repse became the President of the Bank of Latvia at age 29. From 1991 to 2001, Repse was the president of the Bank of Latvia (Latvian central bank). During this period, he built a modern central bank in Latvia, designed and implemented a very successful two stage currency reform, introducing and stabilizing the new Latvian national currency.
Later he served the country in various governmental positions, including those of Prime minister of Latvia and Minister of Finance, where he never lost touch with financial and organisational matters.
Under Repse, the Bank of Latvia pursued a tight monetary policy, reducing inflation to low single digits. As a result, the currency has been stable and trustworthy since early 1990s.
In 2001, Repse resigned from the Bank of Latvia to return to politics. He founded the New Era Party. After the 2002 elections, Repse became Prime Minister of Latvia. Repse’s government implemented a tight control on budget expenses, reducing the budget deficit from 3% of GDP in 2002 to 1.8% in 2003.
Einars Repse served as as minister of finance in 2009 – 2010 during the toughest period of the financial crisis, and implemented tight fiscal controls and aggressive fiscal consolidation, which, among other measures, resulted in Latvia successfully overcoming crisis and showing strong recovery up until now.
Chairman of FSMA – Belgian Financial Services & Markets Authority
Jean-Paul Servais is Chairman of the FSMA, and a member of the Executive Committee Board of the International Organization of Securities Commissions (IOSCO), of the European Systemic Risk Board (ESRB), of the European Securities and Markets Authority (ESMA), and of the European Insurance and Occupational Pensions Authority (EIOPA). He is also Chairman of the Investor Protection and Intermediaries Standing Committee (IPISC) established by ESMA. Mr. Servais is Chairman of the IOSCO European Regional Committee and Chairman of the Audit Committee of IOSCO. He is also a member of the New York Stock Exchange (NYSE) Euronext College of Regulators (composed of the U.S. Securities and Exchange Commission (SEC), the Financial Conduct Authority (FCA) in the UK, the Autorité des Marchés Financiers (Financial Markets Authority, or AMF) in France, the Autoriteit Financiële Markten (Authority for the Financial Markets, or AFM) in the Netherlands, the Comissão do Mercado de Valores Mobiliários (Securities Market Commission, or CMVM) in Portugal and the FSMA; he is member of the Euroclear College of Regulators (composed of e.g. the Bank of England, the Financial Conduct Authority (FCA), the AMF, the AFM, , the National Bank of Belgium (NBB) and the FSMA) and of the Resolution College of the National Bank of Belgium.
Mr. Servais is a professor at the Université libre de Bruxelles (Free University of Brussels, or ULB) and Deputy Director of the special Masters in Tax Law at the ULB. He has also taught at other universities in Belgium and abroad, lecturing on a range of financial and legal topics. He is author or co-author of more than 280 contributions for various colloquia and study days, both at a national and international level, as well as articles and publications, in particular in areas of relevance to the FSMA’s activities and the academic and scientific activities undertaken at the ULB.
He holds master’s degrees in law and in economics in business management.
Société Générale – Splitska Banka
He began his career as an economic analyst at the Prime Minister’s Office, and later on joined the Central State Administrative Office for the Development Strategy. He also served as a Director of Economic Research for Raiffeisenbank Austria.
Since 2009 Zdeslav is Chief Economist of Société Générale – Splitska banka. He is mostly focused on transition economies, foreign direct investment, sectoral analysis and banking system.
Zdeslav also participated as a consultant in several major projects such as CARDS project related to removal of administrative barriers and FDI encouragement, as well as in a few IPO’s in the domestic market.
Mr. Šonje graduated at the Zagreb University and from 1990 to 1995 he spent five years as researcher at the Institute of Economics in Zagreb. He was advising Croatian Government during 1993 stabilization programme which brought hyperinflation under control. From 1995 to 2000 he served at the Croatian National Bank as executive director of its research division. From 2000 to 2003 he was board member of Raiffeisenbank Austria d.d. Zagreb. Since 2003 he is running his own consulting company Arhivanalitika. He is active internationally, covering topics of macroeconomics, competitiveness analyses and financial development and regulation. Mr Šonje occasionally works as short term advisor to the World Bank.
Ljubljana Stock Exchange
President of the Management Board
Andrej Šketa has been on the Ljubljana Stock Exchange Management Board since 2004, during which time he has collected valuable experience in the Ljubljana Stock Exchange areas of operations and development. From 1994, when he joined the company’s wider management, he has worked in practically all areas of the Exchange’s operations, with special emphasis on market development, development of trading and IT infrastructure and projects of regional development within the South East Europe. In recent years he has focused on internationalisation of the Slovenian capital market, on restructuring of the Ljubljana Stock Exchange into a modern market operator and on the integration of the Ljubljana Stock Exchange into the CEE Stock Exchange Group.
Andrej Šketa has an MBA and a Master’s Degree from the IEDC Bled School of Management and has obtained the license for a CISA certified information auditor. He was a member of the Executive Board of the Managers’ Association of Slovenia and FESE Management Committee and is currently a member of The Slovenian Directors’ Association.
Macedonian Stock Exchange
Ivan Steriev has been the CEO of the Macedonian Stock Exchange (MSE) since 2005. Before he took the leadership of the MSE he was part of the teams who worked on the establishment of the stock exchange and start of its operations in 1996 and consequently served as a Floor Manager and Director of the Securities Trading Department. He started his career in 1994 at the Bank Rehabilitation Agency of the Republic of Macedonia. He finished Faculty of Economics in Skopje and passed exams at the Masters studies on Monetary Economics at the same faculty.
Throughout the years Mr. Steriev has been the MSE’s representative in different committees and bodies both domestically and internationally, including the implementation of the automated trading system at MSE. He also participated in the team responsible for issuing first government bonds for rehabilitation of the major commercial bank and for covering government debts from pre-1990 period. He co-authored the book “The Stock Exchange Manual” and published numerous articles on financial and securities industry issue in various magazines and newspapers in Macedonia.
He participated in many working groups responsible for drafting laws and regulations related to the securities industry in the Republic of Macedonia. Mr. Steriev is a lecturer on the Macedonian SEC’s courses for brokers licensing.
He was also a member of the board of the Macedonian Central Securities Depository and commissioner at the Macedonian SEC. He also served as a board member at the American – Macedonian Chamber of Commerce. Currently, he is a member of the Executive Board of Federation of the Eurasian Stock Exchanges (FEAS) and the Supervisory Board of the SEE LINK (company jointly founded by the exchanges from Zagreb, Sofia and Skopje).
Bulgarian Stock Exchange
Ivan Takev is CEO of Bulgarian Stock Exchange. He joined its team in 2001 and was appointed as CEO in 2008.
His entire experience is in the area of securities trading. Prior to joining Bulgarian Stock Exchange Ivan Takev held an expert position at the Bulgarian Financial Supervision Commission.
In May 2012 he was appointed as a member of the management board of the central securities depository in Bulgaria.
Governor of the Croatian National Bank
Republic of Croatia
Boris Vujčić (born 1964) holds a PhD in Economics from the University of Zagreb. He joined the Croatian National Bank in 1997, and was Director of the Research Department for three years before becoming Deputy Governor in 2000, a position to which he was re-appointed in 2006. In July 2012, Mr Vujcic became Governor of the Croatian National Bank for a six-year term of office. Mr Vujčić started his academic career as an assistant lecturer at the Faculty of Economics, University of Zagreb in 1989 and became a professor in 2003. He also teaches at the Department of Mathematics, University of Zagreb. Mr Vujčić has been a Deputy Chief Negotiator in Republic of Croatia’s negotiations with the European Union from 2005-2012. He was also a member of the Global Development Network (GDN) Board from 2005-2012. Prior to becoming a Deputy Governor, he was also periodical external consultant to the ILO and the European Commission.
Mr Vujčić’s fields of expertise are macro and monetary economics, international finance and labour economics. He speaks English and French.
Managing Director, Head of Commodity Research
Mr Eugen Weinberg joined Commerzbank in 2007 as Senior Commodity Analyst. Today as the Head of Commodity Research he is responsible for Commerzbank’s Commodity Research products and provides with his team price analyses as well as trading and hedging strategies and ideas on commodity markets for Commerzbank’s financial partners and corporate clients.
Mr Eugen Weinberg has been involved in commodities research since 2000 and prior to joining Commerzbank built up the Commodity Research teams at the DZ Bank and BW-Bank in Germany.
Mr Weinberg holds a Masters degree (MSC) in Applied Mathematics, an MBA in Financial Management and is a qualified CFA charterholder.