The Trento EEMI Bauhaus Week (13-16 Feb 2023) is the first in a series of market events intended to launch a new movement in the design, scale-up and roll-out of home ecosystems globally through the exchange of ideas, knowledge and best practice between financial actors, SMEs, start-ups, architects, scientists and academics, local authorities, to name but a few. Together, these actors have the potential to design and deliver a new market paradigm and blueprint, built around clear best practices and market benchmarks, which can shape and drive massive qualitative improvements for the market and for millions of families around the globe.
In this first set of events in the series, the focus will be placed on harnessing the potential and potency of start-ups in implementing digital and sustainable solutions in the area of energy efficient home renovation. Indeed, start-ups can help to match the supply of and demand for innovative and cost-effective online financing and technical solutions for the EU’s consumers, whilst helping banks to meet regulatory and supervisory requirements and expectations around the management of climate and environmental risk, by closing the data gap, facilitating disclosure and reporting, supporting due diligence, and avoiding green washing.
Significantly, the Trento EEMI Bauhaus Week will provide a unique platform for start-ups to showcase their product and services not only to other participants in the value chain, but to investors, providing the start-ups present with the opportunity to seek and potentially secure funding for their activities.
Don’t miss this unique opportunity to join the EEMI Bauhaus family, market leaders and pioneering investors in our quest to build synergies across the value chain and implement leading-edge solutions in a forward-looking business model and sustainable market paradigm.
The Trentino Ecosystem – The Autonomous Province of Trento
PrepAir Project – Silvia Debiasi
ESG Regulatory Landscape – Maureen Schuller, ING
TranspArEEnS: ESG Ratings, the SMEs Perspective – Monica Billio, Ca’ Foscari University of Venice
The New Era of Real Estate: An Analysis of Business Models in the Proptech Industry – Gianluca Mattarocci, University of Rome ‘Tor Vergata’
The Rating Agencies’ Approach to ESG – Carmen Muñoz, Sustainable Fitch
Sustainable and Affordable Mortgages in Italy – Elisa Coletti, Intesa Sanpaolo
Housing Markets Insights from The Netherlands – Michel van der Sluis, Fortrum
ESG Covered Bonds & Securitisation – Joost Beaumont, ABN Amro
ESG Covered Bonds & Securitisation – Alexander Batchvarov, Bank of America
OECD & LSE Roundtable on Decarbonising Housing: Challenges & Priorities – Alven H. Lam, U.S. Department of Housing and Urban Development (Ginnie Mae)
OECD & LSE Roundtable on Decarbonising Housing: Challenges & Priorities – Silvia Rafael Bastante, Spanish Ministry for the Ecological Transition and the Demographic Challenge
ESG Scoring: Practical Implementation of Synegsy – Silvia Cappelli, CRIF
Investing in Energy Efficiency and RES: the Public Hand – Cassa del Trentino, Cassa Depositi e Prestiti, Sinloc & Finint
ESG Supervisory Perspective – Roberta de Filippis, EBA
ESG Supervisory Perspective – Carlo di Maio, ECB
ESG Supervisory Perspective – David Papp, MNB
EIB Sustainable Roadmap – Tatiana Bosteels, EIB
Sustainability and Central Banks: Insights from the Hungarian National Bank – Norbert Holczinger
Green Bonds: the Investment Banking Perspective – André Küüsvek, NIB
Perspectives on European Housing – Andreas Jobst, Allianz
Takeaways from COP27 in Sharm El Sheikh – Danae Kyriakopoulou, LSE
Cooling the cities – Eugenio Morello, Polytechnic University of Milan
New European Bauhaus – Ronan Donohue, Q4 Capital Advisors
ESG Finance – Marco Radice, Cassa del Trentino
The venue for the conferences, trainings and various meetings is the following:
Palazzo della Provincia Autonoma di Trento
Piazza Dante, 15, 38122 Trento TN, Italy
Adriano is a Lead Analyst in the Covered Bonds team of S&P Global Ratings with country wide responsibility for issuers located in France, Belgium, Netherlands, UK, Ireland, Greece and Italy.
He has over twenty-five years of experience in structured and corporate finance having previously worked at Deutsche Pfandbriefbank (Pbb), where he was in charge of public sector origination in Italy and CEE, the Consiglio degli Esperti, the Senior Advisory Group of the Italian Ministry of Economy and Finance where he was in charge of major securitization deals on government financial assets. Prior to that he was a VP in Bank of America’s project financing team in London.
Adriano holds a joint master’s degree in Energy Economics and Finance by the University of Pennsylvania (Wharton Business School) / Ecole Nationale Supérieure du Pétrole et des Moteurs in Paris and an MA in Engineering Science by the University of Oxford.
Alexander Batchvarov is a managing director and Head of International Structured Finance research at BofA Merrill Lynch Global Research, a role he has held since joining Merrill Lynch in 1998. Based in London, his regular research publications include: European Structured Finance and Cross-Product Weekly, European Structured Finance – ABS, as well as the Annual Structured Finance and Covered Bond Market Reviews for Europe, Japan and Australia. His team often releases in-depth reports on sector and industry-specific topics, and comments on salient regulatory issues for the SF and CB markets.
Since joining the firm in 1998, Batchvarov has also served as Head and co-Head of Global Mortgages and other Structured Finance between 2007 and 2010. Prior to this, he worked in FIG at Citibank, New York, and as a structured finance analyst and sovereign analyst at Moody’s Investors Service, New York.
Batchvarov has an MSc in Economics and International Economic Relations from the National Institute of Economics, Bulgaria, a PhD in Economics from the National Academy of Sciences, Bulgaria, and an MBA from Alberta School of Business, University of Alberta, Canada. He is a CFA charterholder. He speaks Bulgarian, Russian, French and Spanish.
Antonio Torío is a finance professional with over 30 years’ experience in global debt capital markets. Until 2021, Mr. Torío held the position of Group Vice President and Global Head of Funding for Banco Santander. He was responsible for developing the bank’s international capital markets funding platform, including the issuance of hybrid securities, senior issuances, EMTNs and covered bonds. Antonio was also actively engaged in Santander’s fixed income investor roadshows and presentations. Among many projects, Antonio was involved in the design and implementation of Santander’s inaugural mortgage securitization, covered bond, TLAC, green bond and digital issuances.
He is a former ECBC Chairman and a former Member of the ECBC Steering Committee, representing the Spanish Mortgage Banks Association (AHE) for more than 10 years. Before Santander, he held analyst and executive positions in Citibank’s and Lloyds Bank’s corporate banking teams.
Antonio holds an MBA in Finance and International Business from NYU’s Stern School of Business in New York and Bachelor of Science degree in Economics from Boston College, in Boston.
Astrid Leth Nielsen is an expert in prudential regulation and policy. Her work is centered around the financial sector, including analysing the impact of Basel III’s final implementation in the EU, advising the European Commission on how to improve the EU equity markets, and what the impact of a financial transaction tax in the EU would be. In addition, she is coordinating the work of the NEEM hub, aiming to scale up lending for energy efficiency renovations in the Nordics.
Carlo Di Maio is a Senior Expert on climate and ESG risks at the European Central Banks, which he joined in 2014. Before joining the ECB, Carlo worked at Deutsche Bank. Earlier in his career, Carlo contributed to the ACEGES, a tool to perform simulations of the global energy system.
Carmen Munoz is Managing Director and the Global Head of Resources at Sustainable Fitch. An important part of her time is spent ensuring that the Sustainable Fitch’s Analytical and Research Teams have the necessary tools to effectively carry out their jobs and to help contribute to making ESG Ratings accurate, consistent and comparable across asset classes and jurisdictions.
Before this, she formed part of Fitch Ratings’ Structured Finance and Covered Bonds Enhanced Analytics team and participated in creating the methodology used to assign ESG Relevance Scores related to credit ratings. She began her career at Fitch Ratings, leading the Financial Institutions rating team for Spanish banks, while also rating bank and non-bank financial institutions internationally.
She is a firm believer of the value of training, having delivered courses internally as well as Corporate Governance and credit ratings sessions at the Financial Stability Institute in Switzerland.
As the CEO for the World Green Building Council, Cristina Gamboa leads the world’s largest local-regional-global action network of organisations catalysing the uptake of sustainable built environments for everyone, everywhere.
As a leading voice within the #BuildingToCOP Coalition, Cristina continues to play a pivotal role in championing globally the built environment as a priority climate change solution.
As an economist with a leadership record in sustainability, policy and multi-stakeholder partnerships, Cristina has been a trusted convener and advocate for sustainable development at international platforms such as the UN Climate Change summits, WEF and IEA.
Cristina is from Colombia and resides in London, UK.
Since 2021 Dávid Papp is heading the sustainable finance policy department at the Central Bank of Hungary (MNB). His team’s mission is to accelerate green financing in Hungary (market development) and to increase financial institutions’ awareness and resilience towards climate and environmental risks (financial stability). Previously, he worked several years in development banking at a development finance institution. His area of expertise was financing renewable energy projects in emerging economies. He also has some economic research experience from the beginning of his career. He is trained as an economist, he studied in Budapest and Amsterdam.
Eduardo Antunes is a policy officer at the Directorate-General for Energy of the European Commission, in the finance team of unit dealing with energy efficiency. Having previously served as a lawyer, Eduardo has prior experience in Portugal in regulatory affairs, both in the national insurance regulatory authority and in the Ministry of Finance. He has an academic background in law.
Head of Banking Research in the Research Department of Intesa Sanpaolo, she is in charge for the analysis of the Italian banking sector and the production of banking scenarios and forecasts. She is Adjunct Professor of Monetary Economics at the University of Insubria, Varese. Previously, she was Credit Analyst of banks and Head of Strategic Analysis and Competitive Positioning within the Strategic Development of the Intesa Group. Author of publications on banking topics, her most recent research interests include bank profitability, crisis management, funding, NPLs. She graduated with honours in Statistics and Economics from the University of Padua.
Fabio Maria Montagnino is the Director of Innovation and Entrepreneurship at The Cyprus Institute. He is a polymath with an academic background in physics of biological systems and computational science. Since about thirty years he’s been promoting open and impactful innovation ecosystems through the generation of science-based start-ups, the development of technological services and the implementation of knowledge transfer actions in European and Mediterranean regions, where he has been leading a large number of transnational projects and actions. He is deeply engaged in the design of new technologies and systems for the green transition of the built environment.
Associate Professor of Economics of Financial Intermediaries (2017-) at the University of Rome “Tor Vergata”. Professor of Corporate Finance at Luiss Guido Carli University (2012-) and Luiss Business School (2010-). Visiting Faculty at the Athens University of Economics and Business (2015-). Director and member of the Scientific Committee of the Master in Real Estate Finance established by the Luiss Business School (2016-). Deputy Director and member of the Scientific Committee of the Master Recovery of Urban Heritage and Real Estate Finance established by the University of Roma Tre and the University of Rome Tor Vergata (2020-). He has been Visiting Scholar at Nanjing University (China – 2010), Old Dominion University (USA – 2011/2012), Oxford Brookes University (UK – 2013), Athens University of Economics and Business (Greece – 2014), Faculdade de Economia da Universidade do Oporto (Portugal – 2016 and 2017), Ecole des Dirigeants et des Créateurs d’entreprise (EDC Paris) (France – 2017), Université de Mons (Belgium – 2018 and 2019). He was adjunct professor of Economics of the Securities Market (2005-2006) and Economics of Financial Intermediaries (2006-2007) at the Faculty of Political Science of the University of Teramo. He was Assistant Professor of Economics of Financial Intermediaries (2006-2017) and Adjunct Professor of Corporate Finance, Corporate Finance (2007-2017) and Credit Portfolio Management (2016-2017) at the University of Rome Tor Vergata. He is the author of numerous national and international academic publications on corporate finance, real estate finance and credit risk.
Gianluca Ruggieri, environmental engineer, since 2006 he is an assistant professor in Applied Thermodynamics and Heat Transfer at the Department of Theoretical and Applied Sciences of University of Insubria (Varese, Italy). He took part in several European projects and in countless local initiatives for the promotion of energy sustainability. He is one of the founding members of ènostra, the main Italian renewable energy cooperative . His main research interests include end use energy efficiency policies and technologies, building materials and building physics, community energy.
Leading the financial sector practice of Copenhagen Economics, Jonas Bjarke Jensen help clients understand what drives changes within the financial sector. He has extensive experience in financial economics, regulatory impact assessments, macro-finance. Examples of his work include advising the European commission on how to improve the EU equity markets, advising the European financial sector on the impact of capital requirement regulation, and assessing impact of new regulation on the security markets. Finally, he was the driving force in starting up the NEEM hub, scaling up lending to energy renovations in the Nordic banking sector.
Joost Beaumont is the Head of Bank Research with lead responsibility for covered bonds and financials, focussing on the euro-denominated market and the Dutch market in particular. He has been part of Group Economics at ABN AMRO since 2010. He is a member of the Financial Markets Research team. He is also the Chairman of the Statistics & Data Working Group of the European Covered Bond Council. Previously, Joost worked as a senior European Economist, focusing on the UK and French economies, while having extensive expertise in the field of the European debt crisis as well. He also worked in the International Economic Research team of Fortis Global Markets, while he spent nearly seven years as a policy advisor at the central bank of the Netherlands Antilles. Joost studied macroeconomics at the University of Amsterdam from 1993 to 1998.
Lucia Lopez is a Vice President – Senior Credit Officer in Moody’s Environmental, Social and Governance group. In her role, Lucia contributes on all aspects to systematically and transparently incorporate ESG considerations into its ratings. Lucia brings multi-disciplinary expertise in broader ESG issues through past positions as a corporate credit analyst and a banker.
Lucia frequently represents the firm as a speaker through conversations with investors, policymakers and other market participants around the world. Before moving to the ESG team, Lucia was a lead analyst in the EMEA Corporate Finance Group since 2018. Prior to Moody’s, Lucia worked for over 15 years at a number of banks including Deutsche Bank and Barclays as a senior credit officer specialising in leverage finance and natural resources.
Lucia holds a Masters in European Law from the Université Libre de Bruxelles.
Maureen Schuller is Head of Financials Sector Strategy. Her research focus is dedicated to covered bonds and ESG related topics impacting banks.
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Maureen is a regular speaker at internal and external events, and also an active member in different ECBC working groups, including the EMF-ECBC ESG Bonds Task Force and the vdp Roundtable Covered Bond Legislation (RT CBL). Maureen is a CFA charterholder and graduated in 1998 in monetary economics from the University of Groningen (the Netherlands). She completed the one year postgraduate financial and economic policy (BoFEB) programme (Erasmus University Rotterdam/Dutch Ministry of Economic Affairs), before joining ING in 1999. Maureen has headed up ING’s financial research team since 2015.
Michel van der Sluis is a seasoned financial professional with deep knowledge and 17 years’ practical experience in the mortgage industry. As a CEO, he is responsible for strategic and day to day business of Fortrum, the leading pan European Risk Consultancy Specialist for the lending market. They offer a full suite of services in three main categories: Due Diligence, Portfolio Management, and Consultancy. Their clients are (top) tier financial organisations in the pan European lending markets, including funders, investors, lenders, banks and life & pension funds.
Monica Billio is Full Professor of Econometrics at Ca’ Foscari University of Venice. She graduated in Economics from Ca’ Foscari and holds a PhD in Applied Mathematics at the University Paris Dauphine. Her main research interests include financial econometrics; risk management; business cycle analysis; systemic risk and financial stability and in recent years sustainable finance. She is participating in many research projects financed by the European Commission, World Bank, European Investment Bank, Eurostat and the Italian Ministry of Research (MIUR). She has been the scientific coordinator of the SYRTO EU-FP7 project devoted to systemic risk measurement and the local coordinator of three H2020 projects on Energy Efficiency (EeMAP, EeDaPP and EeMMIP). She is the coordinator of a H2020 project (TrAnsparEEns) dedicated to the development of ESG ratings for small and medium enterprises. The results of these and other research projects have appeared in peer-refereed journals including Journal of Econometrics, Journal of Financial Economics, Journal of Applied Econometrics, Journal of Financial Econometrics and Energy Economics.
Employee, Project manager Metropolia University of Applied Sciences, Finland
Päivi Keränen combines educational background of New Media Design and Creative Sustainability with practical experience of working with the cities on design-based participatory urban development supported by new technologies. Working at the Degree Programme of Design in Metropolia UAS, Keränen currently leads the project Augmented Urbans that with seven cities and municipalities explores nexus of sustainable urban development, participatory planning and XR technologies.
Paolo Baggio is full professor of Engineering Thermodynamics and Heat Transfer in the Department of Civil, Environmental and Mechanical Engineering of the University of Trento (Italy) where he teaches several courses. Formerly he was a member of the Faculty of Engineering of the University of Padua (Padova – Italy)) as researcher in the “Istituto di Fisca Tecnica” (Institute of Technical physics) .
He holds a degree in Civil Engineering (M.Sc.E) and a Ph.D. in Energy management and is a registered professional engineer. He is AICARR and ASHRAE member.
He is involved in several research activities about energy efficiency and renewable energy sources in particular dealing about HVAC systems and energy efficiency in buildings, heat pumps applications, storage, and also biomass thermal conversion processes (combustion, gasification, pellets torrefaction) and use of biomass as an energy source for buildings. He has coordinated research projects about the use of wooden biomass as an energy source for heating, about the environmental impact of wood combustion, about natural gas reforming to obtain hydrogen and about syngas production to feed fuel cells.
He has been involved in preparing technical standards. He is co-author of more than 130 papers.
Roberta De Filippis is a policy expert in the Prudential Regulation and Supervisory Policy department at the European Banking Authority (EBA) where she is in charge of the work on securitisation and covered bonds. Her field of expertise include also credit risk and, in particular, internal rating-based models and credit risk mitigation thanks to his six years’ experience working at EBA on these topics. She has also been leading recently the EBA response to COVID-19 pandemic with particular reference to the Guidelines on payment moratoria. Prior to joining the EBA, she worked both in the private sector in credit risk management and in the research department of the Financial Conduct Authority (UK). She graduated in finance at University Bocconi (Italy) and specialised in financial economics at University College London (UK) where she has also worked as a research assistant. She has also completed a Ph.D. in economics at University of Rome Tor Vergata (Italy).
Dr. Salvatore Carlucci is a tenured Full Professor at the Energy, Environment, and Water Research Center of The Cyprus Institute. He is the Head of the Sustainable Built Environment Group and Director of the Environmental Sensing Laboratory. Dr. Carlucci has published more than 80 scientific publications on building physics, indoor environmental quality, occupant-centric building design and operation, smart and low-energy buildings, and building performance simulation.
Silvia Cappell is Executive Director of BPO and ESG Partner Enhancement at CRIF.
Within these roles, Silvia currently leads marketing, partnerships and business enhancement at a global level for Synesgy, the ESG global digital platform for the self-assessment of companies, supply chains and financial institutions, supporting the sustainability transition with data and information.
Silvia joined CRIF in 1997 and has held several roles at both national and international level with growing responsibilities (Manager for Strategic Business Information, Director of Real Estate Services and Director of Public Affairs) managing global projects.
Furthermore, Silvia has been a member of the Boards of several associations such as ASSOVIB (Association of Italian Valuation Companies), FIABCI (International Real Estate Federation), FEBIS (Federation of Business Information Service) and TEGoVA (The European Group of Valuers’ Associations).
She is a member of Working Groups at ABI (Italian Banking Association) and an Observer Member of the Valuation Commitee of the EMF (European mortgage Federation).
Silvia holds a Bachelor’s Degree in Economics from the University of Bologna, a Master’s Degree in Financial Marketing from the University of Milan, an Executive Master from the CFMT school of management and business and accreditation in Negotiation and Organizational Conflict Resolution from Harvard University.
Tatiana Bosteels, is a Senior Sector Economist at the European Investment Bank (EIB). Focused on Energy Transition Programmes. The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance. We help the economy, create jobs, promote equality and improve lives for EU citizens and for people in developing countries.Her role is to provide advice to the Bank’s decision makers on sector policies, and to assess and approve the quality and risks of operations and projects to be financed by the EIB. She advises promoters on project development and is involved in policy formulation to respond to EU priorities.
Previously she was Director Responsibility and Head of Responsible Property Investment for eleven years at Hermes Investment Management a leader in responsible investment. She developed and supported a sector-leading programme of ESG integration and the development of Hermes carbon risk strategy. She was a Board Director of IIGCC and Chair of the Investment Committee for UNEP FI.
Beforehand while at the London Climate Change Agency, Tatiana developed innovative sustainability programmes through public private partnerships. Her previous work covered UK and international climate change policy, carbon markets and instruments, and third party energy efficiency financing.
In the last 20 years she has been an active contributor to public policy and sector engagement in responsible and climate finance and sustainable real estate. Currently she is a Board member of the Building Performance Institute Europe (BPIE) and in the Steering Group of the Energy Efficiency Finance Institution Group (EEFIG).
She holds an MSc in Environmental Management from Imperial College UK, an MSc in Mechanical Engineering from UCL Leuven Belgium, she is an alumni of the LSE Development Institute and a Fellow of the Royal Society of Arts.
Alven Lam is Managing Director of International Markets at Ginnie Mae, the United States Department of Housing and Urban Development (HUD) in Washington D.C. He is responsible for developing and implementing global strategic partnerships with financial and investment industry involving in Ginnie Mae’s stakeholders with direct and indirect decision-making authorities to the over US$2.2 trillion Ginnie Mae securities. Mr. actively engage in institutional investors including central banks, sovereign wealth funds, pensions, insurance firms and investment banks and asset managers in Asia and the Middle East.
Mr. Lam is specialized in global capital market, housing finance, and sustainable urban development. Prior to joining Ginnie Mae, Mr. Lam served as Director of International Research at HUD from 2002 to 2013. In 2001, he managed the U.S.-China Housing Initiative, a Presidential bilateral collaboration between HUD and the Chinese Ministry of Housing and Urban-Rural Development with the focuses on finance and building technology.
He developed international collaboration projects with United Nations Habitat Program, Asia Pacific Economic Cooperation, and the Governments and institutions in Spain, Mexico, Canada, Uganda, Ghana, El Salvador, Japan, Korea, China, Singapore, Taiwan, Thailand, Indonesia, Saudi Arabia, Kuwait, Oman, and the United Arab Emirates.
He has served in the U.S. delegations to the UN-Habitat Governing Council, UN Commission on Sustainable Development, UN Commission for Population, and the World Urban Forum in Spain, Canada, and Brazil. In 2010, Mr. Lam was actively participated in the Energy Work Group within the Asia Pacific Economic Cooperation (APEC) and had served on the U.S. Delegation to Tianjin, China, San Francisco, Kaohsiung, Chinese Taipei on low-carbon city projects.
Prior to joining HUD, Mr. Lam was a research fellow at the Lincoln Institute of Land Policy in Cambridge, Massachusetts.
Mr. Lam received a Master’s degree from Ohio State University, and a doctoral degree from Harvard University Graduate School of Design.
Andy has two decades of experience in macroeconomics, risk management and financial policy and is Head of Macroeconomic and Capital Markets Research at Allianz SE in Munich (since 2021), where he is responsible for short-term surveillance and macroeconomic forecast as well as the analysis of long-term trends and developments.
Prior to his current appointment, he was a mid-career economist at the International Monetary Fund (IMF) in Washington, DC (since 2005), where his last posting was in the Advanced Economies Unit of the European Department. As IMF secondee, he was Adviser to the Managing Director and CFO of World Bank Group (2016-19), where managed the CFO’s office and his representation at the Financial Stability Board (FSB), the G20 Sherpa Track, the Small States Forum (SSF) and the Network for Greening the Financial System (NGFS). He was also Chief Economist and Deputy Director at the Bermuda Monetary Authority (BMA) (2011-14), where he established the financial stability framework, advised the Ministry of Finance on economic forecasting and debt management. Prior to his work at the IMF, Andy worked at the FDIC, the Deutsche Bundesbank, the ECB, Bank of England, and Deutsche Bank between 2002 and 2005.
He holds a PhD from the London School of Economics and was also educated at Oxford, Cambridge and Leicester.
The NIB is an international financial institution of the Nordic and Baltic countries. André has an overall responsibility for NIB’s operations and balance sheet of €38 billion.
Before joining the NIB in April 2021, André had a 25-year career at the EBRD, serving in EBRD management committees for Strategy & Policy, and Asset & Liability management in 2012-2020. In 2020-2021, André was the Managing Director for Central Asia, leading a team across 6 countries and 16 offices. His earlier jobs with the EBRD included leading the bank-wide strategic theme for local currency and capital markets development; being a country head in Ukraine, and in Kazakhstan; and leading teams investing in financial sector.
André started his banking career as one of the first bankers in Estonia, heading the international departments of Tartu Commercial Bank and Bank of Tallinn in 1992-1994. He then moved to Germany, working for SMH Bank and Dresdner Bank until 1996.
André has served on the boards of over 30 banks, insurance companies, stock exchanges, equity funds, airlines and railroads. André is currently the Chairman of the Board of Rail Baltic Estonia.
An Estonian national, André is a graduate of Tallinn University of Technology, Estonian Business School, and Stockholm School of Economics.
Danae Kyriakopoulou is Senior Policy Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics where she leads the policy work on the intersections of climate change, international finance and economic development. From 2016 to 2021, she was the Chief Economist and Director of Research of the Official Monetary and Financial Institution Forum (OMFIF). As part of this, she set up the Sustainable Policy Institute and served as its Managing Director and Chair of its Advisory Council, of which she is now a member. She was honoured by the World Economic Forum as a Young Global Leader in 2022 and has held roles in various sustainability industry initiatives. Previously, she was Managing Economist at the Centre for Economics and Business Research. She holds a BA in Philosophy, Politics and Economics and an MSc in Economics for Development from the University of Oxford.
Ellie is Managing Director of the Economic and Monetary Policy Institute at OMFIF. She is responsible for researching trends, developing relationships, and hosting meetings with finance ministries, central banks and public pension funds on monetary policy, economic and fiscal developments, and regulatory standards across the globe.
An architect by education, Eugenio Morello is an Associate Professor in Urban Planning and Design at Polimi and coordinator and research scientist at the ‘Laboratorio di Simulazione Urbana Fausto Curti’, Department of Architecture and Urban Studies (Dastu). For the department, he is the principal investigator of several European projects. In the period 2017 – 2022, he was the Rector’s Delegate for environmental sustainability and responsible for institutional projects toward a sustainable campus.
His research interest is situated in the interplay between urban design and environmental quality, climate design, resilience, and adaptation to climate change. He investigates the integration of environmental aspects and energy transition solutions for the design of sustainable communities and cities toward the closing of energy and environmental cycles. In particular, he focuses on the assessment of renewable energy sources (mainly solar and biomass) generation and its spatial implications at the local and regional scale. He is also working on strategic planning for sustainability and localizing Sustainable Development Goals (SDGs) in master-planning design schemes and Higher Education Institutions. More recently, his research work has opened new insights on the topic of collaborative consumption and sharing society and how these new paradigms can inform urban planning, urban design, and co-design approaches.
Ezio Micelli is a full professor at the Università Iuav di Venezia, where he teaches project-related economic topics. He has worked for years on economic management tools for plans and projects, working in particular on market-based tools (in particular: transfer of development rights and public-private partnership) functional to plan management. In recent years, in the face of a market strongly modified in its structural aspects, research has moved on to the role of real-estate assets as a resource for the creation of social value, with specific reference to the goals of sustainability and the circular use of resources.
He has been director of international and domestic researches (among others: European Urban REgenerators Knowledge Alliance-EUREKA, an Erasmus+ funded program). He is the scientific director of the U-Rise Master’s program at the Università Iuav di Venezia in urban regeneration and social innovation. He collaborates with institutions, and private and public entities for knowledge transfer: he has directed research and consulting programs for, among others, the Ministry of Culture, Assolombarda, National Council of Landscape Architects Planners and Conservators, Confindustria Vicenza, City of Bergamo.
EDITORIAL BOARD
After almost 10 years of consulting in Bain & Co, he worked in Sky Italia as Marketing Director until 2017 when he took on the same position in Agos.
Gyula Nagy is member of the Board and CEO of Takarék Mortgage Bank since 2017. He started his banking career as a corporate banker in 1987 and worked in various positions and different banks in the corporate banking sector. He finished his corporate banking career at HypoVereinsbank Hungary as Head of Corporate Banking before joining the group’s mortgage bank. He was CEO of Hypovereins Mortgage Bank (later Unicredit Mortgage Bank ) from 2001 to 2007.
He is President from the Data and Research Committee in the European Mortgage Federation since 2022.
He graduated in economics at the Budapest University of Economics in 1978 and got a doctorate degree in Economics in 1986. He also has an MSC Degree in Real Estate from Budapest University of Technology and Nottingham Trent University.
Takarék Mortgage Bank participates in the Energy Efficient Mortgage Initiative of the EMF an also has the Energy Efficient Mortgage Label of the ECBC.
Journalist
Correspondent journalist from Frankfurt Il Sole 24 Ore
Isabella Bufacchi (60) is Germany correspondent for IlSole24Ore and ECB Watcher. She started her career in London. She won the Q8 Prize and Premio Ischia for Economic Journalism. She holds a B.A. Degree from L.S.E.
Senior news editor at IlSole24Ore, Italy’s leading daily newspaper (about 350.000 copies sold daily).
Ivan Faiella is an energy and environmental economist drawing from the fields of applied microeconomics, statistics and energy modeling. His research covers sample survey methodology, income and wealth distribution, energy prices, carbon taxation, energy poverty and the assessment of climate and environmental risks for credit and investment.
In 2021, Ivan has led the Banca d’Italia Task Force for Sustainable Finance under the G20 Italian Presidency contributing to the activities of the Sustainable Finance Working Group. From 2022, Ivan is the coordinator of Banca d’Italia Climate change and Sustainability Hub.
He is also: member of the Steering Committee of the Network for Greening the Financial System (NGFS); member of the Italian Natural Capital Committee; member and co-founder of the Italian Observatory on Energy Poverty.
Jacobo is a Senior official for the Spanish Government Administration. He has a Master in Energy Law as well as a Master’s degree in Law. He is currently the Deputy Director General for Energy Efficiency (Ministry for the Ecological Transition and the Demographic Challenge, Spain) and member of the Directive Board of the Institute for Energy Diversification and Saving (IDAE). Previously he had developed other responsibilities related to the energy sector, among others, Senior Advisor at the Cabinet of the Secretary of State for Energy (in charge of energy regulation, legal advice, public aid programs coordination and budget management), as well as member of the Directive Board of the Spanish Corporation for Strategic Reserves of Petroleum Products (CORES). His professional experience includes both the public and private sector.
Luca Bertalot is Secretary General of the European Mortgage Federation – European Covered Bond Council (EMF-ECBC), representing the interests of EU mortgage lenders and the covered bond community in discussions with the European Institutions and stakeholders in general on all issues relating to the retail and funding sides of the mortgage business. Established in 1967, the EMF is the voice of the European mortgage industry, providing data and information on European mortgage markets, which were worth c. €8.3 trillion at the end of 2021. The EMF has 14 members across 12 EU Member States as well as a number of observer members.
In 2004 the EMF founded the ECBC, a platform that brings together covered bond market participants including issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders. ECBC members represent over 95% of covered bonds outstanding, which were worth over €2.9 trillion at the end of 2021. The ECBC has 120 members from across the more than 30 active covered bond jurisdictions and many different market segments.
In his capacity as EMF-ECBC Secretary General, Luca is also Consortium Coordinator for the Energy Efficient Mortgages (EEM) Initiative. In addition, Luca is a member of the European Commission’s Sustainable Energy Investment (SEI) Forum’s Advisory Group and the Advisory Board of the Ca’ Foscari University of Venice’s Economics Department.
Luca joined the EMF-ECBC in 2006, becoming Head of the ECBC in 2007 and was appointed Secretary General in 2014. Prior to this, he worked as a financial analyst in Italy and Australia. Luca holds a degree in Economics and Financial Markets from the University of Rome, Tor Vergata. He also studied at the University of Mannheim, Germany, and at the Wharton School – University of Pennsylvania, in the United States.
Luiz de Mello is Director of the Policy Studies Branch in the Economics Department of the OECD.
Together with the policy studies teams, Mr. de Mello provides leadership and strategic direction within the
economics department, ensuring the design and implementation of analysis and policies which promote
stronger, cleaner, fairer and more inclusive economic growth for member and partner countries. Structural
policy surveillance, short and long term economic outlooks, public finance and macroeconomic policy
analysis are among the key workstreams for policy studies.
Earlier in his career, Mr. de Mello held senior positions at the OECD, including Deputy-Director of the
Public Governance Directorate and Chief of Staff and Counsellor to the Chief Economist. Prior to joining
the OECD, he worked as a Senior Economist at the Fiscal Affairs Department of the International
Monetary Fund, and as a Lecturer at the Economics Department of the University of Kent, United
Kingdom. He holds a PhD in Economics from the University of Kent, United Kingdom.
Marco Preti has been the CEO of CRIBIS, a CRIF Group company, for more than 10 years. CRIBIS is a leading service provider in Italy for commercial credit management, ESG sustainability evaluation and business development in domestic and foreign markets.
He is also General Manager of the CRIF business unit dedicated to Business Information & BPO, and he is also the Managing Director of CRIBIS Credit Management.
For several years, he has held international roles within the Group in Jordan, Turkey, United Arab Emirates, Poland and Germany, and he is a member of the Board of Directors for Credit Data Research Italia and Workinvoice.
Marco Radice, born in Udine in 1957, is an expert in banking and commercial law, in 1994 he founded the Radice & Cereda law firm and has acted as an independent director and chairman of the Audit Committee in joint-stock companies carrying out insurance, banking and financial activities . He also held the position of Chairman of the Board of Directors of Itas Vita. He is currently Chairman of the Supervisory Board and Chairman of the Audit Committee in Unicredit Bank Russia (Moscow). He also holds the role of Chairman of the Audit Committee Unicredit Bank Serbia (Belgrade), Unicredit Bank Czech Republic and Slovakia (Prague) and Bulbank (Sofia)
Morten Bækmand Nielsen is Head of Asset Liability Management & Investor Relations at Danish mortgage bank Nykredit and chairman of the ECBC.
He holds a Master’s degree in Economics from the University of Copenhagen and has attended courses at London Business School and University of Pennsylvania/Wharton.
Morten has spent most of his career in Nykredit, though he started out as a trainee at Nordea before moving to Nykredit’s Group Treasury as a fixed income portfolio manager. He has later worked in fixed income research in Nykredit Markets and helped develop the bank’s lending franchise outside Denmark.
Later he was responsible for a number of regulatory project including the implementation of the CRD in relation to covered bonds. After returning to Group Treasury he took over the responsibility for mortgage product development and investor relations and continued to be involved in regulatory issues including changes to the Danish covered bond legislation.
For the past decade the focus of Morten’s work has been investor relations and regulatory affairs. He took up his current position in 2021.
He has represented the Danish covered bond issuers in the ECBC’s Steering Committee since 2017 and has also previously served as chairman of the organization’s Technical Issues Working Group.
Neil Day is Managing Editor of The Covered Bond Report and Sustainabonds. He is a former editor of EuroWeek/GlobalCapital and also publishes on bank and insurance hybrid capital. He holds a degree in philosophy from the London School of Economics.
Nicholas Talbot is the Chief Executive of the International Valuation Standards Council (IVSC) – a position he has held since July of 2016. Nick is an international expert in advising on standards and professionalism. The IVSC brings together experts from around the world to produce International Valuation Standards. It covers all asset classes and is recognized in different ways by the World Bank, IMF, UN, as well as some of the world’s biggest investors, corporates and influential professional bodies who qualify appraisers. It engages at the highest levels of regulators in the US and around the world in order to improve and give confidence in the approach to valuation. It is overseen by an independent board of global leaders www.ivsc.org/boards/
Before working at IVSC Nick was a global director at RICS and has held various non-executive roles, having previously worked for much of his career in a variety of international roles at Ernst & Young and KPMG. Outside of work Nick dedicates time to raising profile and money for Cystic Fibrosis charities across the world, has featured in various documentaries, television, radio and news outlets across the world, and has received a Point of Light Award from the UK Prime Minister.
Norbert Holczinger is the Head of Sustainable Finance Department at the Central Bank of Hungary (MNB). He is responsible for the MNB’s Green Programme. He coordinates supervisory actions to identify and mitigate environmental risks. He is committed to expand green financial services in Hungary. During the past ten years he actively contributed to local and international projects, analyses, and regulatory tasks in different roles within the MNB. Norbert is a certified Professional Risk Manager (PRM) experienced in the risk management of mortgage lending and insurance companies. He graduated as a Quantitative Economic Analyst, also holds a Finance and MBA degree.
Patrick Seifert is head of primary markets & global syndicate at Landesbank Baden-Württemberg (LBBW). Before this, he developed the FIG and SSA origination team into a leading franchise. Providing tailor-made funding solutions for demanding issuers, LBBW is particularly appreciated for its excellent distribution capacity throughout economic cycles.
Patrick does leverage his extensive sales and strategic experience with former employers BHF-BANK and ING Group to help issuers respond to regulatory changes and market challenges: Ongoing investor diversification, central bank interventions and facilitating product innovations.
The latter includes conditional pass-through covered bonds and the first ESG and Green Pfandbrief issues almost 10 years ago – in all of which LBBW played a vital role.
Patrick holds Master’s degrees from the University of Applied Sciences in Mainz as well as the University of Chicago and regularly lectures with the Frankfurt School of Finance and Management.
Roberto Colomer, is the CEO of Union de Creditos Inmobiliarios (UCI), a Spanish specialized Mortgage Lender, with a portfolio of more than €10,000M on its balance sheet, essentially originated through real estate professionals, present in the markets of Spain, Portugal and Greece. UCI is also the main player in the mortgage securitization market in Spain and Portugal, having made 28 issues in Spain and 2 in Portugal. He is also Chairman of the Comprarcasa real estate networks, with activity in Spain and Portugal. He is a member of the Board of Directors of the AHE (Asociacion Hipotecaria Española), that he represents in the EMF, where in the last 3 years he has been Deputy Chairman.
At UCI he has held different positions, initially in the IT and Back-Office areas, later as Head of the Front-Office, and finally as CEO of the Group.
Before UCI, he held the position of IT Manager at Banco Internacional de Andorra, and previously head of ATMs and POS in the IT area of Banco de Bilbao (Spain).
Among the professional recognitions received by Roberto, the following should be noted: the medal of honour from FIABCI Spain (international Real Estate Federation), the condition of honorary member of APEMIP (Portuguese Association of Real Estate Brokers) and the Special Achievement Award from the CRS (Council of Residential Specialist) of USA.
His academic background is the first cycle (3 years) of the Bachelor of Economics at the Complutense University of Madrid, and the Bachelor degree of International Business Administration at Lincoln University (UK).
Ronan Donohue is a London-based former investment banker with more than 25 years of front-office experience in the international capital markets. He maintains a strong track record in building and managing investment banking capital solutions teams (typically with a focus on hybrid capital, liability management, ratings advisory as well as related strategic advice). As founder and managing director of his own consultancy company, Q4 Capital Advisors, he now offers advisory services leveraging career-long experience, as well as in regard to the latest developments in FinTech, AI and the potentially transformative impact of Blockchain on the finance industry and economic activity more generally.
Sanna Eriksson is the Managing Director of OP Mortgage Bank and the Head of Investor Relations in OP Financial Group in Finland. She has worked in the Group since 2000 in various managerial positions and the last 10 years in OP Mortgage Bank. In 2019 Sanna became the Managing Director of OP Mortgage Bank, as well as the Head of IR.
Green finance is close to Sanna’s heart and OP Mortgage Bank has been the pioneer issuing the inaugural Green Covered Bond in Finland 2021 and the next one in 2022. Sanna is also an active member of European Covered Bond Council´s (ECBC) Steering Committee representing Finnish Covered Bonds issuing entities. In addition, she is the chairwoman of the Finnish Taxonomy and Green Finance Hub organised by Finnish Green Building Council. Since its beginning Sanna has been a member of Finance Finland´s Mortgage Bank Committee and starting from 2023, Sanna will be the chairwoman.
Sanna holds a degree in Marketing from Helsinki School of Economics and finds sustainability to be an integral part of her life both on and off work.
Executive President, Alpha Bank Romania & General Manager of International Network, Alpha Bank
Mr. Sergiu Oprescu has an extensive experience in banking and capital markets in Romania, with a career of over 29 years in the financial sector. He holds a MEng Graduate degree with concentration in Avionics from the Aeronautical Faculty, Politehnica University of Bucharest, a postgraduate degree in Banking from the University of Colorado and attended multiple executive program studies at Harvard Business School (HBS Alumni PPL class of 2019) and London Business School (LBS Alumni).
He joined Alpha Bank Romania in 1994 and held several senior positions before he was appointed Executive President in 2007. He served as Chairman of the Bucharest Stock Exchange from 2000 to 2006 and as President of the Board of Directors of the Romanian Association of Banks from 2015 to 2021. He is a Member of the Executive Committee at the European Mortgage Federation.
In 2019, he was appointed as General Manager of International Network of Alpha Bank Group and member of the Executive Committee of the Group, co-ordinating the international activity of Alpha in Cyprus, Romania, UK and Luxemburg.
Spanish Industrial Engineer, graduated with a Master’s degree in Industrial Engineering, specialising in “Energy Techniques”.
Within the private sector, she spent two years working at TWI (The Welding Institute) and four years at Johnson Matthey, both in the United Kingdom, before joining the public administration in Spain.
She is currently working in the Ministry for the Ecological Transition and the Demographic Challenge in Spain. Specifically, in the Sub directorate of Energy Efficiency, in the area of “buildings”. She is responsible for the coordination, development and monitoring, at national, European and International level of initiatives and programmes related to Energy Performance of buildings (EPB); the coordination of the national position related to Energy Performance of Buildings and the development of regulatory and non-regulatory initiatives at national and European level related to this same topic.
Graduated from Rome University in Economics, Stefano started his career with Crédit Agricole in Paris and then Milan, dealing with the foreign subsidiaries of the banking group. He subsequently joined Intesa Sanpaolo where he worked for Planning, CIB and Treasury Department. In the latter position he was involved in the structuring of all proprietary securitisations and covered bond programmes, heading the management of all the CB programmes of Intesa Sanpaolo. Eventually he took responsibility for the Supranational and Intragroup Funding unit.
Stefano spent recent years in Brussels, as head of the European Regulatory Policy team of Intesa Sanpaolo, within the overall Institutional Affairs Dept, entrusted with the analysis and advocacy on the EU banking and financial markets legislative files, e.g. prudential files, crisis management, securitisation, covered bonds, retail and financial markets legislation.
In 2022 Stefano has been appointed Deputy Chairman of the European Covered Bond Council (ECBC) and is the Moderator of the European Secured Notes (ESN) Task Force. Representing Intesa Sanpaolo, he also participates to the working groups of different EU banking associations, notably he is an alternate member of the AFME Securitisation Board, the Prudential Regulation Board and the European Public Policy Committee.
Vannella is a Managing Director with 24 years experience in Investment Banking. She has the responsibility for the origination of debt products and liability management transactions for Financial Institutions; since 2021 she has also coordinated DCM ESG marketing and structuring activities across all industry sectors at Intesa Sanpaolo.
Annastasia is the CEO of Brilliant Minds Foundation.
Brilliant Minds was founded in 2015 by Spotify founder and CEO, Daniel Ek and today comprises of an esteemed and established board consisting of the biggest business leaders and entrepreneurs across Europe. The Foundation has brought together the world’s most influential thought leaders at the intersection of humanity and technology, with past speakers, including President Barack Obama, Malala, Esther Perel, Alicia Keys, Edward Norton, Simon Sinek, Ai Weiwei, Dr. Deepak Chopra, Lionel Barber co-founder of Snap Inc Evan Spiegel, activist and supermodel Naomi Campbell and lifestyle expert and actress Gwyneth Paltrow.
Prior to her current role, Annastasia was the Group CEO of Quintessentially. The first female and millennial to hold the Group CEO role, Annastasia was responsible for the strategy and day-to-day operations of Quintessentially, the
world’s leading lifestyle group. Her remit involved leading a team of over 1,000 employees across 50 cities.
Annastasia spearheaded Quintessentially’s global growth, navigated a hospitality business through the pandemic and led the group through a significant restructure. During her tenure annual revenues exceeded $100 million. She has been profiled in publications such as Forbes, Vanity Fair, Bloomberg, Vogue, The CEO Magazine and Harvard Business Review, amongst others and British GQ, listed Annastasia as one of the Top 50 Most Influential People in the UK. , Annastasia is a renowned figure on the speaker circuit and frequently asked to contribute at high profile events such as Web Summit and FT conferences.
Cristian is the Chairman at A for Value, UAE company acting in industrial, financial, real estate, consultancy and global trading to support private and public entities in approximately 80 countries to manage risks, create value and unlock growth.
He is acting executive positions in the principal companies related to A for Value, i.e. CEO at Modefinance International, a Modefinance Company first rating agency company in Europe and Deputy CEO at Toyo Europe, Toyo Machinery & Metal Co LTD company, Japanese company listed in Tokyo Stock Exchange.
Board Member and Advisor to the Board for European and Middle East companies operating on Transport and Green Energy. Active Member in some major European projects in infrastructure and financial sector.
Former Banker in various roles at Deutsche Bank, Erste Bank and deputy-CEO at Volksbank.
Managing Partner of 9inch Capital, impact investor and advisor to startups and corporates.
Richard Kemmish is an independent consultant specialising on the covered bond market. Most recently he has been working on behalf of the European Commission on a study of the case for legislative action on covered bonds. In addition, he is working on several mandates to upgrade and develop covered bond and securitisation laws and regulations for public sector entities in central and eastern Europe in conjunction with the European Bank for Reconstruction and Development.
He also works closely with Euromoney Conferences and GlobalCapital, as an expert witness, provides structuring advisory work and runs covered bond training courses. He has worked in the covered bond market since 2002 and in the securitisation market before that.
Copyright © Energy Efficient Mortgages Initiative
The EeMAP, EeDaPP, EeMMIP projects have received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 746205, No. 784979 and No. 894117 respectively.
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