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CreditSights Asia Conference 2023: The Road to Recovery

Friday 7th July at The Westin Singapore

Register Today

Event Details

Friday, July 7th
The Westin Singapore, 12 Marina View Asia Square Tower

Event Details

9:00am – 2:50pm SGT
All Sectors
Click here to register for the in-person conference in Hong Kong

Join CreditSights’ for our annual in-person Asia Conference in Singapore!

This year’s conferences will showcase the breadth of CreditSights’ research across Asia-Pacific, as well as our views on global emerging markets, US strategy and European financial institutions. Guest speakers from our sister company, Sustainable Fitch, will also join us for the first time.
Grab this opportunity to network with our analysts and other key participants in the Asian credit markets.
Seats are limited; register today to reserve your spot today!
View Agenda Brochure

If you have any questions, reach out to the events team at

Full Agenda:

9:00am - Welcome

Registration starts from 8:30am

9:05am - US and Asia Strategy: Still Waiting to Land

As investors grapple with mixed economic data and central banks still focused on inflation, the CreditSights Strategy team will update key macro and market views, including the prospect of a global recession, what to do about duration and where to add (and avoid) risk.
Winnie Cisar & Sandra Chow, CFA

9:35am - Emerging Markets: The Advantage of Asia and Beyond

The world is still absorbing the inflation and commodity shock, but we see investment opportunities in EM and Asia fixed income.
Regis Chatellier & Cedric Chehab (BMI)

10:05am - China Macro: Navigating the Bumpy Recovery

Our macro, financials, LGFV and corporate analysts discuss the bright spots and weak links in China’s economic recovery.
Zerlina Zeng, CFA, Karen Wu, Luther Chai, CFA, Sandra Chow, CFA, Nicholas Chen

11:00am - Asia Corporates: State-Owned, Privately-Owned and Disowned

Investors may take comfort from state ownership, but those seeking higher returns need exposure to privately-owned companies too. How should investors position their corporate holdings and what are the risks?
Zerlina Zeng, CFA,  Lakshmanan R, CFA, FRM, Luther Chai, CFA, Sandra Chow, CFA.

11:40am - Market Views: The Road Ahead

We invite key participants in the Asian fixed income markets to share their views on the year ahead.
(External Speaker)

1:15pm - Asia Credit and ESG: Walking the Talk

How are Asian issuers navigating their green transitions and what can investors do to nurture ESG developments within the Asia credit markets?
Aurelia Britsch, Zerlina Zeng, CFA, Lakshmanan R, CFA, FRM, Pramod Shenoi, Sandra Chow, CFA

1:45 pm - APAC Financials: Looking Beyond Peak NIM

We discuss banks outlook for 2H23- 2024, and credit themes across key geographies and the insurance and NBFI segments
Pramod Shenoi, Karen Wu & Trung Tran

2:15 - European Banking in a Post-Credit Suisse World

How should investors re-evaluate liquidity and capital risk for European banks after the collapse of Credit Suisse?
Simon Adamson

2:30pm - Global Picks and Pans

Our analysts’ top credit recommendations from around the world.
Sandra Chow, CFA


CreditSights Pramod Shenoi
Co-Head of Asia-Pacific Research, CreditSights

Pramod Shenoi

Pramod Shenoi is responsible for steering the firm’s operations in the region and growing its research team and coverage. He joined CreditSights in December 2019 to Head Asia Pacific research for Financial Institutions, which he continues to be responsible for. Prior to joining CreditSights, Pramod spent 17 years in Debt Capital Markets covering Financial Institutions clients in Asia and Europe.
Pramod joined Lehman Brothers’ DCM FIG origination team in London in 2002, covering UK and Irish banks and insurers, and transitioned to Nomura in 2008. He moved to Standard Chartered in Singapore as a founding member and subsequently head of the DCM Capital solutions team in 2010, advising the bank’s clients in Asia, the Middle East, and LatAm on Basel III compliant instruments, corporate hybrids, bond liability management and sustainability bonds, before heading Mizuho Securities’ DCM FIG coverage in Asia (ex- Japan) between 2016-2019.
He holds a Bachelor’s degree in Economics from St.Stephen’s College, University of Delhi, and an MBA from the Indian Institute of Management, Ahmedabad
CreditSights Sandra Chow
Co-Head of Asia-Pacific Research, CreditSights

Sandra Chow

Sandra became Co-Head of Asia-Pacific Research in 2021 and is responsible for guiding the region’s research output, with a focus on corporate credit issuers and thematic research. She has over 18 years of experience in credit research and has analysed high yield, distressed and investment grade credits across a variety of sectors in Asia, Europe and North America.
Sandra joined CreditSights in 2011 and served as Head of Asia-Pacific from 2017-2020, guiding the firm’s Asian business and regional strategy. She stepped down from the role in 2020 to spend more time with her family. Prior to joining CreditSights, Sandra was a director in Barclays Capital’s Asian credit research team, covering North Asian corporates. She has also worked in Singapore as a high yield analyst at Credit Suisse and a high yield and distressed debt analyst at UBS Principal Finance. Sandra began her career at JPMorgan in London, working in the European real estate M&A division and later in the bank’s European credit research team.
Sandra graduated from the University of Cambridge with an MA in Italian and French. She is a native Cantonese speaker and holds a diploma in modern Chinese from the School of Oriental and African Studies in London. She is a CFA Charterholder and holds a CFA Certificate in ESG Investing.
Emerging Markets Strategist, CreditSights

Regis Chatellier

Regis Chatellier is a seasoned emerging markets strategist covering EM sovereigns, combining top-down macro with bottom-up/quant modeling approaches. Prior to joining CreditSights in March 2023, he was Director of EM Strategy at Oxford Economics for two years, covering sovereign credit, FX and EM rates. Regis worked for 20 years as an EM fixed income strategist at international investment banks, including Morgan Stanley, HSBC and Société Générale. He did his studies at Sciences Po. Paris (Economics & Finance) and holds a Master’s degree in Economics from the University of Nantes.
Senior Analyst - Asia-Pacific Corporates, CreditSights

Lakshmanan R

Lakshmanan covers Asian High Yield and Investment Grade corporates. Prior to joining CreditSights in 2016, he worked as a senior credit analyst at Credit Suisse for 6 years in credit risk management and credit desk analyst roles. He has credit analysis experience across the Asia-Pacific issuer universe in global investment banks since 2008. He has covered corporates across various sectors, rating spectrum and credit products. A CFA charterholder, Lakshmanan holds a MBA degree with specialization in Finance/Marketing, a Bachelor’s degree in Engineering and the FRM (Financial Risk Manager) certification from GARP, USA.
Zerlina Zhang
Senior Analyst Chinese Corporates, CreditSights

Zerlina Zeng

Zerlina is a senior analyst with the Asia Pacific corporate team. Her current research coverage focuses on China macro, Chinese local governments financing vehicles (LGFVs), and China Industrials.
Prior to joining CreditSights, Zerlina headed IHS Markit’s credit risk assessment product in Asia Pacific, including research coverage and business development. She has also worked as a senior analyst with S&P Ratings in Hong Kong, covering local & regional governments, Chinese SOEs and the property sector. Zerlina began her career at Goldman Sachs in New York, working in the fixed income, commodity & currency division.
Zerlina graduated from the Wharton School of the University of Pennsylvania with a BS in Finance and the University of Hong Kong with an MA in Economics. She is a CFA Charterholder.
Senior Analyst Chinese Corporates, CreditSights

Luther Chai

Luther joined CreditSights in Singapore in 2016 and covers Chinese corporates, with a focus on the Chinese property sector. During his time at CreditSights, he also produced research on Asia credit strategy and Chinese TMT. Luther graduated summa cum laude from Singapore Management University with a double degree in Accountancy and Business Management, majoring in Finance. Luther was part of the Lee Kong Chian Scholars Programme and participated in exchange programmes with the University of Cambridge and the Copenhagen Business School during his undergraduate studies. He is also a CFA charterholder.

CreditSights Simon Adamson
Head of Global Financials Research, CreditSights

Simon Adamson

As head of the company’s European business unit, Simon is also a member of the firm’s Executive Committee and is on the CreditSights, Inc. Board of Directors. He joined CreditSights as Senior European Financial Analyst in 2003. Prior to that he was a Managing Director, Head of European High Grade Research and Senior European Bank analyst at Deutsche Bank (1996-2003). Simon worked at rating agency IBCA, now part of FitchRatings, from 1987 to 1996 where in addition to covering banks in various European countries he was an Executive Committee member. Simon started his career in 1983 at Midland Bank’s International Division, spending four years there in a variety of roles. He read Modern Languages at Sidney Sussex College, Cambridge University, graduating in 1983.
Global Head of Strategy, CreditSights

Winnie Cisar

Winnie is the Global Head of Strategy at CreditSights. Prior to joining CreditSights, Winnie was a Managing Director and the Head of Credit Strategy for Wells Fargo, leading the research teams focused on the corporate investment grade and leveraged finance markets. At Wells Fargo, Winnie developed the leveraged finance strategy product, rolling out coverage on high yield, leveraged loans and the distressed market. With more than 10 years of experience in institutional research, Winnie has emerged as one of the leading voices in corporate credit strategy and is a frequent guest on CNBC, Bloomberg, NPR and Yahoo Finance. Winnie began her career in investment banking, covering energy and power companies. She also spent time in high yield research, focused on health care, and high yield trading.
Winnie graduated from Emory College with a B.A. in International Studies and completed her JD/MBA at the Emory School of Law and Goizueta Business School. Winnie is a member of the North Carolina and Illinois Bar Associations. Winnie was selected as one of Charlotte Business Journal’s 40 Under 40 and was one of 12 women invited to participate in Bloomberg’s New Voices program.
Senior Director, Global Head of Climate Research, Sustainable Fitch

Aurelia Britsch

Aurelia Britsch works as a senior director in the environmental, social, and governance research team for Sustainable Fitch. She heads the climate research team, focusing on climate and transition risks for investors, corporates, and financial institutions.
Prior to this role, Ms. Britsch led Fitch Solutions Industry Research’s commodities fundamental analysis and price strategy, covering mining and metals, and agribusiness. She joined Fitch in 2012. She has also worked in the People’s Republic of China; Hong Kong, China; and France, carrying out macroeconomic research and strategic analysis for the French Ministry of Economy and Finance, Bretagne International, and the Beijing-based sustainability consultancy SynTao. Ms. Britsch holds a master’s degree in international economics and political sciences from Sciences Po Bordeaux, France.

Guest Speakers:

Head of Global Credit - APAC, BNP Paribas

Liang Si

Liang is Head of Global Credit, APAC, for BNP Paribas, based in Singapore. In this role, Liang is responsible for primary market, flow, solutions and financing across credit products in the APAC region. She has over 17 years of experience in the APAC bond primary business. Prior to taking up this role, Liang was Head of DCM and Bond Syndicate for BNP Paribas in APAC, based in Singapore and Hong Kong. She was responsible for origination and syndication of primary bond transactions covering investment grade and high yield bonds both in G3 and Asian local currencies. Before joining BNP Paribas, Liang worked for Deutsche Bank in the Relative Value Group.
Executive Director - Fixed Income, Bank of Singapore

David Makoni

David Makoni is responsible for Global Sovereign bond research coverage within the Portfolio Management and Research Office at Bank of Singapore. He has 25 years of investment experience garnered in diverse buy-side and sell-side environments – including private banking, asset management and investment banking. Prior to his current role at Bank of Singapore, he previously worked at Standard Bank Group, Barclays, Fitch Ratings, and Robert Fleming.
Head of Fixed Income - Southeast Asia, HSBC Private Bank

Daniel Han

Daniel Han joined HSBC in 2015 and is currently the Head of Fixed Income, Southeast Asia. Based in Singapore, Daniel brings with him over 15 years of experience in the financial markets, specializing in credit and interest rates products. He is responsible for formulating fixed income investment strategy and bond recommendations for HSBC Global Private Banking and Wealth clients. He is also a member of the HSBC Global Investment Sub-Committee for Fixed Income. Prior to joining HSBC, Daniel was part of the Fixed Income advisory team in DBS Private Bank , where he was responsible for cash bonds and credit structured products. Prior to that, he was an equities and bond trader at OCBC Securities.
Head of Asia Credit, Lombard Odier

Dhiraj Bajaj

Dhiraj is the Head of Asia Credit at Lombard Odier. He joined Lombard Odier in 2012, and is responsible for the fixed income team in Asia, focusing on Asia Pacific debt markets. Prior to joining Lombard Odier, Dhiraj was a portfolio manager with Cairn Capital in London, a full-service credit asset management firm, from 2006 to 2012. There he managed investment grade and high yield portfolios and traded credits in both long-only and long/short portfolios. Dhiraj also gained experience in JP Morgan & Chase in their European credit & rates research department in London, in 2006. Dhiraj started his career at Singapore Airlines and from 2000-2005 where he did corporate strategy.