Session 3: Creditors’ Views and Future Perspectives

VIDEO February 24, 2018
  • Chair: Hans Humes, Greylock Capital Management
  • Panel
    • Aviva Werner, EMTA
    • Tamon Asomuna, IMF
    • Thodour Jonasson, IMF
    • Mark Wright, Federal Reserve Bank of Minneapolis
  • Topics:
    • Holders of Venezuela’s sovereign and PDVSA debt
    • Argentina, Greece, Ukraine, Venezuela – implications for future restructurings
    • Global prospects for sovereign debt restructurings
    • Debt outstanding and vulnerabilities – which conditions make a country a candidate for sovereign debt restructuring?

Speaker / Author

Hans Humes

Chairman and Chief Executive Officer, Greylock Capital

Mr. Humes is Chairman and Chief Executive Officer of Greylock Capital, which he founded as a joint venture with Van Eck Global in May 1995. He is Co-Chief Investment Officer with Diego Ferro since October 2012. Mr. Humes has 23 years of experience working in emerging markets. He was a Managing Partner of Van Eck Absolute Return Advisors, Inc. where he launched the fund which became the Greylock Global Opportunity Master Fund in 1997. From 1991 to 1994, he was a key member of the Lehman Brothers emerging markets debt trading team, co-developing the desk and managing over $500 million in ... Read More

Aviva Werner

General Counsel, EMTA

As EMTA's General Counsel since 2002, Aviva has been primarily responsible for drafting legal documentation and market practices relating to Emerging Markets instruments. Recently, she has developed meetings of interest to the EM trading, investment and legal community, such as panel discussions on the Argentine case, Venezuela, South Korea, Iceland, Peru, Russia/Ukraine, Puerto Rico, Cuba, US sanctions, Sovereign Debt Restructuring, Mexican bankruptcy, arbitrations, Greece and the Rule of Law, Eurozone, etc.  She has also worked on a variety of repo, FX and derivatives matters, and has contributed to Securities Industry and Financial ... Read More

Tamon Asonuma

Economist in the Strategy Policy and Review Department, International Monetary Fund

Tamon Asonuma is an Economist in the Strategy Policy and Review Department of the IMF. Since joining the IMF on September 2010, he has spent most of times in Research Department and Strategy Policy and Review Department. During his time in the Strategy Review and Policy Department, he has contributed to series of the IMF Policy Papers on sovereign debt restructurings and IMF lending, and sovereign-bank linkages, and involving in many debt restructuring cases (Greece, Myanmar, Belize, Cyprus, Grenada) as an expert. In Research Department, he has worked on research papers on costs of sovereign debt restructurings, fiscal policy, sovereign ... Read More

Thordur Jonasson

Deputy Division Chief, Debt Capital Markets Division, International Monetary Fund

Mr. Thor Jonasson is a Deputy Division Chief in the Debt Capital Markets Division in the IMF Monetary and Capital Markets Department. Prior to joining the IMF, he worked for the World Bank on developing public and private debt markets and participating in the Financial Sector Assessment Program. He has published on debt management, debt policy and capital market development. ... Read More

Mark Wright

Senior Vice President and Director of Research, Federal Reserve Bank of Minneapolis

Mark L.J. Wright is a senior vice president and director of research at the Federal Reserve Bank of Minneapolis. Prior to coming to Minneapolis, Wright was a senior economist and research advisor in the Economic Research Department at the Federal Reserve Bank of Chicago. Wright has been an associate professor at the University of California, Los Angeles, and an assistant professor at Stanford University. He has been an economist and advisor to the Reserve Bank of Australia, and the Federal Reserve Banks of San Francisco and Minneapolis, as well as an instructor at the IMF. He is currently a faculty research ... Read More