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*Fees mentioned are exclusive of 10.3% service tax
Date
City
Fees (Individual)
Outlook
Offline
Online
27th April 2010
Mumbai
Rs. 19,500*
Overview:
PEJI's “Unlocking NPAs through Asset Reconstruction” is a highly participative one-day forum. The programme provides a unique opportunity for banking/asset management/ corporate houses and other professionals to have a first-hand experience of asset resolution and reconstruction. It aims at providing useful insights on the application and use of different approaches to asset management. It will cover aspects such as, loan valuation and acquisition process, financial and corporate restructuring, work out programmes, asset backed security, international bidding and financial restructuring, along with case studies shared by ARCs, Banks and PEs.
This Forum attempts to address the various challenges in successful asset reconstruction such as, Delay in the resolution of assets; Restriction on foreign investments into ARCs; Monitoring; Power to take over the management of distressed companies; Multiple strategies to resolve distressed assets; Impacts of SARFESI Act; Delay in Declaring Distressed Assets; Shareholders' Consent for Loan Restructuring; Judicial Process; Moral Hazards; Absence of Special Services; Valuation and enable the participants for implementing successful reconstruction strategies. As a platform for networking with experienced industry practitioners, the event is a must-attend for ARCs, Banks, PEs, Intermediaries and Corporates that are seeking workable solutions for unlocking value.
Target Market
Target Audience :
Bankers (Legal, Recovery, Reconstruction, CXO)
Asset Reconstruction Professionals
Asset Management Companies
Private Equity/Venture Capital Investors
Corporate heads of Financial Institutions
CFOs of Healthy & Stressed Companies
Legal Advisors
Consultants
Capital Market Intermediaries
Programme Schedule:
Tuesday, 27th April 2010
Time
Session
Topic
Faculty
08:00 AM
Registration
09.30 AM
Session 1
Overview: Part A
The scenario for NPAs
in India
Problems faced by banks in NPA Recovery
"SARFAESI Vs BIFR" - case study
B. Gopalakrishnan President
Axis Bank
10.15 AM
Session 2
Overview: Part B
The scenario for ARCs
in India
Global experience on AMCs
Critical success Factors in Indian context
Risks/concerns in Indian context
Indian ARC experience
Neeta Mukerji President & COO
ARCIL
11:00 AM
Tea and Coffee Break
11:30 AM
Session 3
Asset Acquisitions/aggregation, Valuation and Incentivisation of transfers
NPL Portfolio Transaction Experience
Key issues -valuation expectation gap, independent funding, FDI in ARC, Incentives for banks
Valuation of NPLs
Neeraj Garg
Executive Director PriceWaterhouseCoopers
Venkattu Srinivasan, Business Head - Asset Reconstruction,
Kotak Mahindra Bank
Aparna Chaturvedi, President,
UTI/ASREC
06.10 PM
Panel Discussion 2 (Q & A)
Chair -Aparna Chaturvedi, President,
UTI/ASREC
Rajiv Ranjan, President &
CEO, Reliance Asset Reconstruction Ltd.
B. Gopalakrishnan, President,
Axis Bank
Venkattu Srinivasan, Business Head - Asset Reconstruction,
Kotak Mahindra Bank
6:30 PM
Closing Day
About the Faculties:
B. Gopalakrishnan President
Axis Bank
Mr. B. Gopalakrishnan is a dynamic and result oriented legal professional with 3 decades of experience in legal areas encompassing Banking, Corporate, Capital Market and Business Laws & procedures. Currently, he is designated as President & Head of Law Dept and is heading the Legal Department of AXIS Bank Ltd, Mumbai. He has developed an in-depth understanding of matters related to Documentation, Structured finance, Mergers and Takeovers, Taxation Laws, Banking Laws, Suit Filings and Litigation, Civil and Criminal Laws, Recoveries of Debts, Documentation, of all types of loans and structured finances, IPR, Trade Marks and Copyright Laws, Corporate & Structured Finances. He is proficient in drafting legal documents and assisting senior legal professionals and appearing before courts and tribunals. Practical and business focused approach to achieve organizational goals & coupled with strong inter personal skills. He is adept at maintaining cordial business relationship with legal counsels/ senior counsels & external agencies and is an effective communicator with exceptional relationship management skills. Additionally, he is a known and admired speaker in many of the National & International Conference on various subjects as also a Guest Lecturer and a Visiting Faculty for many institutions on Banking Laws, Mergers and Acquisitions, Tax Laws in India. He independently appears before the Courts, Tribunals and represents the Bank in major tax related cases. He contributes to many professional magazines and newspapers and is a member legal and operational committee of Indian Banker's Association apart from a Faculty Member in many reputed Institutes.
Mr. S. H. Bhojani is a Partner in the Mumbai office of Amarchand Mangaldas since 2001. Prior to joining the firm, he has had a long and fruitful career with ICICI Limited (now ICICI Bank Limited) for almost 28 years, starting as a Law Officer and reaching the Board of Directors of ICICI Limited as Deputy Managing Director and General Counsel of ICICI Limited. As General Counsel, he was heading a department of more than 65 lawyers and was responsible for every aspect of legal matters of ICICI Limited. As Partner at Amarchand, he has been driving transactions in varied practice areas, such as, Corporate, including Capital Markets, both domestic and international, Securitisation, Debt Restructuring, Corporate Restructuring, Banking and Project Finance. He is involved in structuring transactions, suggesting business oriented solutions, planning strategy, negotiations review of documents and regulatory advice. His expertise and commercial insight are acknowledged by all relevant players in the financial market.
Neeraj Garg
Executive Director
PriceWaterhouseCoopers Private Limited
Neeraj is an Executive Director with PwC India (Mumbai office) with business recovery services being his key areas of focus.
Neeraj has extensive experience in working with lenders, corporates, ARCs and NPA Investors. His key engagements include working with ADB/ Ministry of Finance in review of ARC framework as early as in 2002. Over the past few years, Neeraj has done extensive work in NPA transactions. While on sell side, he advised ICICI Bank, Bank of Baroda and Dena Bank on sale of their NPA portfolios, on buy side, he worked with a number of NPA investors in reviewing and evaluating NPA cases. Neeraj also has extensive business/ financial restructuring experience and has worked with both lenders and corporate on many restructuring engagements, including those on CDR platform.Neeraj's key clients in this area include multilateral bodies such as Asian Development Bank, World Bank, banks & financial institutions such as State Bank of India, Dena Bank, Bank of Baroda, ICICI Bank, IFCI Ltd, SIDBI Ltd, Deutsche Bank and Barclays Bank. Asset reconstruction companies like ASREC and Arcil are also included in his client list.
Aparna Chaturvedi
President UTI/ASREC
Aparna Chaturvedi is a MBA with a well rounded 27 years of experience with Financial Institutions viz UTI AMC Ltd (Mutual Fund), ASREC (ARC) and PICUP (SFC). Aparna joined UTI in 1989 and was on deputation since 2005 to ASREC. She has an exposure to the various facets of Finance and Management viz. Mutual Fund Management (Domestic and offshore), Raising Offshore Funds, Equity Research, Credit Rating, Project Financing, Private Equity Funding, NPA Management and Asset Reconstruction Company and so on. She has been dealing with NPAs since 2002 and is Founder Director of ASREC. She has also been on various committees constituted by Ministry of Finance, Association of ARCs and has received the coveted Chevening Scholarship of Common Wealth and British Council for a course at Manchester Business School.
Anand Sunderji Advisor
Dickenson Associates
Anand was formerly the director of fund of funds of multi-billion dollar investment firm Guggenheim Partners. Guggenheim is one of the largest asset managers in the world with assets under management of more than $100 billion. Guggenheim's India fund of funds has about $100 million under management and its investments include many large Indian corporates. Sunderji joined three years ago as a director of the fund of funds operations at Thomas Weisel Partners in India, which was acquired by Guggenheim Partners in 2008. Prior to Thomas Weisel, Sunderji headed the Asian fund of funds operation for Adveq, where he was responsible for fund investments in India, China, Japan and Australia. Sunderji was also head of private equity and hedge funds at the World Economic Forum where he was responsible for projects in India and China. He initially worked as senior equity portfolio manager at INVESCO, managing an $850 million equity and derivatives portfolio.
Venkattu Srinivasan Business Head - Asset Reconstruction
Kotak Mahindra Bank
A management graduate, cost accountant and alumni of London Business School, Mr. Venkattu Srinivasan has over two and a half decades of financial services experience. Currently, he heads the Asset Reconstruction and few more lending businesses of Kotak Mahindra Bank. He is on the Board of Pheonix Asset Reconstruction Company Limited, promoted by the Kotak Mahindra Group. One of his greatest achievements has been in pioneering the Non Performing Loans (NPL) business in India. He has set up the Asset Reconstruction Business of Kotak Mahindra Bank, which is the market leader in the business. Currently, he manages NPLs worth over US$ 1.3 billion of face value loans. He has executed the first cash NPL transaction deal in India. Restructuring and unlocking of value from several distressed assets have been done under his leadership. He is on the panel of Indian Bank Association to recommend changes in the guidelines of Non Performing Loans to Reserve Bank of India. On the lending side, he has set up the Alternate Lending business of the bank, which concentrates on new lending opportunities in the market place.
Rajiv Ranjan, President & CEO,
Reliance Asset Reconstruction Limited
As President & CEO, Mr. Rajiv Ranjan is responsible for managing this asset reconstruction company of the ADA (Anil Dhirubhai Ambani) Group. Mr. Ranjan holds a B.E. degree in Electronics and a PGDBM in Finance from XLRI, Jamshedpur . He has handled critical assignments in the course of his three-decade long association with India's premier bank, the State Bank of India, with stints in Stressed Assets Management, Factoring, Project Finance, Corporate Finance, Global Cash Management, Clearing & Settlement, Product Development and International Operations. As Chief Operating Officer of SBI Factors & Commercial Services (P) Ltd., Mr. Ranjan implemented strategic directional changes in business, spearheaded acquisition of Company's largest competitor, Global Trade Finance Ltd., and served as a member on Reserve Bank of India 's “Working Group on Bank Finance to Factoring.” Transaction highlights of some of his other assignments are: Stressed Assets Management: highest ever single-account recovery in SBI (J K Synthetics) and second-highest realization from liquidation sale in the country (U P State Cement Corporation Ltd.); Project Finance: pioneered project finance in the Telecom sector with deals of Idea Cellular, Bharti, Tata Cellular and Tata Telecom; International Operations, SBI, Los Angeles: trade finance deal involving BSE and Tandem Computers Inc. Mr. Ranjan has published several articles on issues of topical interest to the banking & financial services industry, one of which accurately presaged McKinsey's Business Process Re-engineering (BPR) Plan for SBI by seven years.
Ranjeet Nabha, Managing Director & CEO,
WL Ross India
Mr. Ranjeet Nabha is responsible for WL Ross' India initiatives. He is a Board Member of India Asset Recovery Management Limited (IARM) that advises on investments made in the areas of corporate turnarounds and restructurings in India by the India Asset Recovery Fund LP (IARF), WLR Recovery Fund III LP, and WLR Recovery Fund IV LP, amongst other WL Ross funds. He was instrumental in forging the alliance between WL Ross & Co. LLC (WL Ross) and Housing Development Finance Corporation Ltd. (HDFC), and helped raise the capital for IARF. In 2007, IARF, along with other investors, completed the acquisition of OCM India Limited (OCM), a leading textile company, and in 2008, invested in one of India 's leading low cost airlines, SpiceJet Limited. Mr. Nabha serves on the Board of OCM and is expected to join the Board of SpiceJet upon receiving requisite regulatory approvals.
Prior to joining WL Ross, Mr. Nabha was Chief Executive Officer & Chairman of Voicemate, a US-based venture-backed technology company focused on restructuring call-center operating costs via automation. Mr. Nabha was also a Vice-President at J.P.Morgan & Co. in New York where he advised US, European, Japanese and Indian companies on restructurings, mergers/acquisitions, capital raising and privatisations.
Sanjay G Hinduja Director
KH Consulting Pvt. Ltd.
Mr. Sanjay Hinduja is the founder Director of KH Consulting, an investment banking firm specialising in stressed assets advisory and fund raising. KH also focuses on structured transactions, having advised and arranged financing for promoter funding, acquisition funding, real estate and structured transactions.
He has over 15 years of experience in M&A, capital markets and technology having worked in the US , Middle East and India . Sanjay has spent more than five years with Merrill Lynch in New York.
He is a graduate from Boston University with a degree in Economics and Psychology.
Neeta Mukerji, President & COO,
ARCIL
Ms. Neeta Mukerji holds a Bachelors degree in Economics and has an MBA from the Indian Institute of Management, Calcutta . She has also completed the Wharton/RMA Advanced Risk Management program from the Wharton School , University of Pennsylvania . She is currently the President and Chief Operating Officer of Arcil. Ms Mukerji has 18 years of experience with India 's largest private sector bank viz. ICICI Bank Limited with multiple responsibilities spanning corporate banking, project finance, stressed asset management and risk management. She has extensive experience in assessing credit risk and structuring large complex financial transactions. During her tenure with ICICI Bank on several occasions she started new functions wherein teams were built and capabilities developed. She has played a key role in evolving the risk management policies and practices at ICICI Bank. She participated as ICICI Bank's representative on the Steering Committee set up by the Reserve Bank of India , for Basel II implementation in India . She enjoys senior level relationships with a number on India 's business houses. Her last assignment prior to joining Arcil was as Head – Global Credit Risk Management for ICICI Bank. Ms Mukerji has been with Arcil since October 2007 and has primary responsibilities for supervision of the operations of Arcil pertaining to acquisition and resolution of non performing loans.
Why Attend?
To address the various challenges in successful asset reconstruction.
Enable the participants for implementing successful reconstruction strategies.
IVCJ's programmes have a healthy balance between theory and practice,
making it easier for participants to apply new skills and knowledge
back in the workplace.
Past Sponsors, Partners and Supporting Organizations:
Venue & Directions:
Hotel Novotel - Mumbai - Juhu Beach
Directions:
From the airport, drive west towards the Western Express Highway. Cross over the Andheri Flyover before turning right at S.V. Road. Turn Left at V.L. Mehta Marg, and then right at Juhu Road where you will find the hotel. The journey is about 8 km. The taxi fare from the airport is approximately INR 400
(one way).
Address:
Balraj Sahani Marg
Juhu Beach
400 049 MUMBAI
INDIA
Contact:
Tel (+91)22/66934444
Fax (+91)22/66934455
E-mail h6926-re@accor.com
Located in the financial capital of Mumbai, the home of Bollywood and the heart of modern India, the modern four-star Novotel Mumbai Juhu Beach is ideal for business guests, as well as those on holidays.
Situated on the beach overlooking the Arabian Sea, Novotel Mumbai Juhu Beach is just 20 km from downtown Mumbai and offers 203 rooms, each with a media hub for connectivity and entertainment, plus an array of restaurants and bars, a spa, swimming pool and health club.
Dickenson is one of India's leading providers and promoters of strategic conferences, professional training, in-Company training, b2b solutions and on-line information. Founded in 1999, the company now employs over 50 employees operating in Mumbai and London. Over the foreseeable future, the company endeavours to expand its service offerings and geographical coverage, both within and outside India.
The company maintains the highest standards of quality and service in research, technology and product development. Their commitment to service and quality are the basis for their reputation as one of India's leading providers of business intelligence. www.vcindia.com
*Disclaimer: Any changes in speakers or modifications of the programme shall not constitute reasons for a refund or cancellation. The faculties from our Knowledge Partners may vary from city to city.