EMERGING FUNDING FOR THE REAL ECONOMY
First edition

May 13, 2014

Athenee Palace Hilton Bucharest

OVERVIEW

In the context of a heavily bank-dependent funding of Romania’s economic sectors, with a view to the growing side effects of global and regional deleveraging, Romanian entrepreneurs and SMEs are living dangerously on a day-to-day edge.  What can be done to ignite their innovative spirit?

One generation of private equity funds has come to maturity. Will there a new wave be coming in? Which sectors will they be looking at? Is traditional acrimony of business founders coming to an end in a way that would make 2014 a turning point in the life of the Bucharest Stock Exchange, with a unique combination of government listings and long-awaited private sector IPOs?

Romania, along with CEE and the wider Europe as a whole has witnessed for the past five years a regulatory-driven adjustment of its business models, all in the name of its investing citizens. Are we all heading now towards less regulatory changes, but more supervision and, finally, more common sense?

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The conference aims to bring together the stakeholders of the real economy’s funding value chain, giving everybody a platform and a chance to speak out (concerns, debates, plans, regulations, case studies, to dos etc.)

Speaker

Daniela Nemoianu

With 18 years of business and management advisory experience within KPMG in Romania and Central and Eastern Europe, Daniela Nemoianu is a hi

Daniela Nemoianu

Executive Partner, KPMG Romania and Member of the Board, AmCham

Dan Bucsa

Dan Bucsa works as CEE Economist at UniCredit Bank AG in London. He joined the bank in September 2012, transferring from UniCredit Tiriac Ba

Dan Bucsa

CEE Economist, Unicredit Bank London

Bogdan Olteanu

Bogdan Olteanu has been the Deputy Governor and member of the Board of Directors of the National Bank of Romania since 2009. Between 2006 an

Bogdan Olteanu

Deputy Governor National Bank of Romania

Mircea Ursache

Mircea Ursache is, since April 2013, Vice-President of the Romanian FSA (Financial Supervisory Authority), head of the Financial Instruments

Mircea Ursache

Vice President, Financial Supervisory Authority

Diana Popescu

Diana was appointed Deputy General Director of Treasury and Public Debt Department within the Ministry of Public Finance of Romania starting

Diana Popescu

General Deputy Director, Treasury and Public Debt, Ministry of Public Finance of Romania

Lucian Anghel

Lucian Anghel was appointed President of the Bucharest Stock Exchange Council in January 2012. He also holds the position of President of th

Lucian Anghel

President, Bucharest Stock Exchange and CEO, BCR Pensii

Marius Dan

Marius Dan joined the Franklin Templeton organization in 2011 and has over 8 years of experience in the asset management industry. Prior

Marius Dan

Investor Relations Manager, Franklin Templeton Investments

Cristina Reichmann

Cristina Reichmann is an experienced senior associate and Head of Capital Markets, FIS & Structured Finance in Romania at CMS Cameron McKenn

Cristina Reichmann

Head of Capital Markets, FIS and Structured Finance, CMS Cameron McKenna

Dorin Alex Badea

Dorin Alex Badea is the Vice President of CFA Romania, part of CFA Institute - the global association of investment professionals that sets

Dorin Alex Badea

Vice President, CFA Romania

Jim Turnbull

Jim Turnbull joined EBRD in 2011 as the Senior Capital Markets Advisor for the Local Currency and Capital Markets (LC2) Initiative and co-or

Jim Turnbull

Senior Advisor, Local Currency & Capital Markets, EBRD

Raluca Tintoiu

Raluca Tintoiu is the CEO of ING’s Romanian Private Pension Fund since September 2013, managing Romania\'s largest pension fund, with 1,78

Raluca Tintoiu

CEO, ING Pensii

Dragos Neacsu

Dragos Neacsu is Chairman of the Management Board & Chief Executive Officer of Erste Asset Management. He has more than 17 years of experien

Dragos Neacsu

CEO, Erste Asset Management, & President, AAF

Cristian Sporis

Cristian Sporis is the Vice President in charge with Corporate Division at Raiffeisen Bank Romania. Cristian is a graduate of the Academy

Cristian Sporis

Vice President, Corporate Banking, Raiffeisen Bank

Irina Anghel-Enescu

Irina Anghel-Enescu is the Managing Director of the South Eastern European Private Equity and VC Association and a member of the Representat

Irina Anghel-Enescu

Managing Director, South Eastern European Private Equity and Venture Capital Association

Dan Farcasanu

Dan Farcasanu is Investment Director at Resource Partners. Prior, he was Senior Associate at Carlyle Group and Investment Manager at GED and

Dan Farcasanu

Investment Director, Resource Partners

Mihai Sfintescu

Mihai Sfintescu is responsible for Romanian investment sourcing, transactions and portfolio management. Prior to joining 3TS in October 2

Mihai Sfintescu

Partner, 3TS Capital Partners

Claudiu Corcodel

Claudiu Corcodel is the Managing Director at Mezzanine Management Romania. Prior to joining Mezzanine Management Romania, he worked as Senio

Claudiu Corcodel

Managing Director, Mezzanine Management Romania

Matei Paun

Matei Paun has nearly twenty years of professional experience in the financial and capital markets of CEE and the CIS. He is a Founder and c

Matei Paun

Partner, BAC - Investment Banking

Perry Zizzi

Perry has nearly 19 years’ experience as a business lawyer and has particular expertise in Bank Finance, Energy and Real Estate (including

Perry Zizzi

Partner, Clifford Chance Badea

Octavian Vidu

Octavian Vidu is Investment Manager at CEE Equity Partners. Octavian has 18 years’ experience in the financial and investment market. In t

Octavian Vidu

Investment Manager, CEE Equity Partners

Jesper Moller

Jesper is the founder and CEO of Peria Capital, a company that delivers services within asset transactions, proactive investor funding resea

Jesper Moller

Executive Partner, Peria Capital

AGENDA

08:30 - 09:00

Registration and Welcome Coffee

09:00 - 10:30

Session I: Local and Regional Views. Alternative funding solutions

Macro Trends: Romania vs CEE countries.
Supporting viable alternative solutions for the real economy funding.
Making both ends meet: how low can one go with fees and commissions to make non-banking funding viable.
How “fast and furious” can a primary offering be. Lessons learned: how we did it?

- Daniela Nemoianu, Excutive Partner, KPMG Romania, and Member of the Board, AmCham
- Dan Bucsa, CEE Economist, Unicredit Bank London
- Bogdan Olteanu, Deputy Governor, National Bank of Romania
- Diana Popescu, General Deputy Director, Treasury and Public Debt, Ministry of Public Finance
- Lucian Anghel, President, Bucharest Stock Exchange and CEO, BCR Pensii
- Mircea Ursache, Vice President, Financial Supervisory Authority
- Marius Dan, Investor Relations Manager, Franklin Templeton Investments

10:30 - 10:45

Coffee Break

10:45 - 11:45

Session II – Zooming from a short end into a long term perspective

Rethinking companies’ capital structure.
Are pension funds ready to be the steward of improved corporate governance for Romanian public companies?.
Supporting change process and structural reforms.
Covered bonds – is it for real this time.

- Cristina Reichmann, Head of Capital Markets, FIS and Structured Finance, CMS Cameron McKenna
- Dorin Alex Badea, Vice President, CFA Romania
- Jim Turnbull, Senior Advisor, Local Currency and Capital Markets, EBRD
- Cristian Sporis, Vice President, Corporate Banking, Raiffeisen Bank
- Raluca Tintoiu, CEO, ING Pensii
- Dragos Neacsu, CEO, Erste Asset Management and President, AAF

11:45 - 12:00

Coffee Break

12:00 - 12:45

Session III Panel A: Private Equity Focus

A new day’s dawn for private equity – is it different now?
Factors that influenced venture capital investment activity in Romania.

- Irina Anghel-Enescu, Managing Director, South Eastern European Private Equity and Venture Capital Association
- Dan Farcasanu, Investment Director, Resource Partners
- Mihai Sfintescu, Partner, 3TS Capital Partners
- Claudiu Corcodel, Managing Director, Mezzanine Management Romania

12:45 - 14:30

Session III Panel B: Investment Opportunities Focus

Challenges in the acquisition of privately-held business.
Trends in M&A transactions and best practices.

- Matei Paun, Managing Partner, BAC Romania
- Octavian Vidu, Investment Manager, CEE Equity Partners
- Perry Zizzi, Partner, Clifford Chance
- Jesper Moller, Executive Partner, Peria Capital

13:30 - 14:30

Networking Buffet

PARTNERS

SUPPORTING ORGANIZATIONS

venue

Located in central Bucharest, the Athenee Palace Hilton Bucharest hotel is situated near the Romanian Athenaeum and is just a five minute walk away from many popular tourist attractions in the beautiful city of Bucharest.

1-3 Episcopiei Street Sector 1, Bucharest 010292.