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Banque Fédérale des Banques Populaires
- Refinancement - Covered Bonds
2008 - maintenant
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Bayerische Landesbank - BayernLB Paris
- Securitisation
2006 - 2008
Arranging and purchasing CDO products backed by various underlying (Hedge Funds, leveraged portfolio’s, commodities trigger swaps ...)
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GFI Securities Ltd – London
- Broker on ABS / CDO
2005 - 2005
Developing a client base in European and US ABS & CDO products
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Caisse Centrale du Crédit Immobilier de France - 3CIF - Paris
- Head of Investments, ABS trader
1997 - 2005
Head of Investments, ABS trader
Responsible for 3 balance sheets (AAA, A+, holding company)
•Trading ABS (primarily RMBS) for 3CIF – [book value EUR 1.5bn].
•Ramp up and management for the Covered bond program of CIF Euromortgage – [book value EUR 2.5bn].
•Investment for the holding company CIFD
•Defining investment policy; financial analysis of transactions; dealing on primary and secondary market
=> Transaction volume 2004: EUR 9bn for 1.4bn net investment needs
=> Trading P&L 2004: EUR 4m on transactions (without carry or Mark-to-Market)
Head of Asset & Liability Management (‘ALM’)
•Financial policy: Definition of management standards - Analysis of profitability - Supervision of product and pricing – Management of equity return – implementation of financial policy for group subsidiaries (interest rate risk, liquidity risk, management of equity return)
•Creation of a ‘AAA’ rated covered bonds structured special purpose vehicle (a société de crédit foncier) CIF Euromortgage: Formatting of management rules; Cash-flow modelling / Negotiation of credit enhancement with rating agencies
•ALM Operations: Definition and management of hedging programs (CMS/TEC swaps, Swaptions) – Management of Prepayments - Asset swaps for new bond issues
•Financial engineering: creating floating rate maturity capped and inflation linked products (setting characteristics, modelling risk / return)
•External growth project (Entenial & Woolwich France): Financial risk analysis - Pricing - Formalization of financial aspects of transaction
Modelling
•Cash-flow models: bank balance sheet, mortgage portfolio, ABS portfolio
•Real time pricing tools: mortgage loans, assetswaps, IRS netting, loans portfolio restructuring, bonds portfolio
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Caisse Nationale de Crédit Agricole- Paris
- Derivative products
1996 - 1996
Non standard swaps Desk
•Analysis of positions on interest rate swaps and basis swaps; Management of mismatches
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Caisse des Dépôts & Consignations - Paris
- Bonds - Syndication Desk
1995 - 1997
1995/96 (6 months) et 1996/97 (9 months):
•Building P&L and hedging market sheet for the book; real-time pricing tools for new issues
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Caisse Française de Développement - Brazzaville
- Civilian military service for co-operation
1993 - 1994
Credit risk analysis for loans to SMEs
