Moody's experts will explore and debate the key credit issues faced by banks and insurance companies in Canada, with a focus on the macroeconomic outlook.
Agenda
Registration and networking lunch
Macroeconomic outlook for Canada and the US
Key credit issues faced by life and property and casualty (P&C) insurance sectors in the current macroeconomic environment
- Transformation of the life insurance industry through M&A and reinsurance activity
- Management of catastrophe risk in property and casualty insurance
- The scale and impact of investment allocations to private assets
- Capitalization and the regulatory landscape
Key credit issues faced by Canadian banks in the current macroeconomic environment
- Monetary policy and the impact of higher-for-longer interest rates
- Credit quality trends and debt affordability
- Trends in Canadian banks’ activities and appetites beyond Canada
- Growing private credit and its impact on banks
- Funding and liquidity challenges – deposit trends, including higher costs, and impact on net interest margins
- Capital and profitability trends
Event concludes
Location
Event Details:
Venue Name: Hotel Bonaventure Montreal
Address: 900 De La Gauchetiere St W., Montreal, Quebec H5A 1E4, Canada
We will also be hosting this event in Toronto on 21 November. Click here to find out more.
If you have any questions about the event, please contact Shoshana Tetroashvili at Shoshana.Tetroashvili@moodys.com.
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Donald Robertson is a Managing Director & Global Co-Head of Banking, based in New York. In this role, he oversees the North American analytical teams covering banks, finance companies, and securities firms and coordinates the analysis of Global Investment Banks globally. As a senior leader in Moody’s Financial Institutions Group management team, his focus is on leading the US banking franchise and deepening analytical approaches and engagement. Donald is also focused on adapting processes, tools and work flows to address rapid digitalization.
Previously, Donald was a lead analyst for global investment banks, securities firms and market infrastructure firms. In this role he had direct responsibility for the ratings of a number of US and European banks, exchange operators, electronic market makers and clearing houses. Donald was the lead author of Moody’s rating methodologies for Securities Industry Market Makers and Securities Industry Service Providers, and played an integral role in their development and implementation.
Donald joined Moody’s in 2007 as an accounting specialist in Moody’s Enhanced Analytics Group. In this role, he developed and authored Moody’s cross-sector rating methodology for Financial Statement Adjustments in the Analysis of Financial Institutions and helped develop and implement Moody’s system for capturing, adjusting and analyzing banks’ financial reporting. Prior to joining Moody’s, Donald was a Director of Financial Audit at Siemens Corporation, responsible for leading a team conducting IFRS and US GAAP audits in the Americas’ region.
Donald started his career at PwC based in Glasgow, UK. In 1998, he transferred to the New York Metro region, and was an audit manager with a client base in the pharmaceutical industry. Donald is a CA and CPA (inactive) and holds an undergraduate degree from the University of Glasgow
William (Bill) Foster is a Vice President-Senior Credit Officer in Moody’s Sovereign Risk Group in New York, where he serves as lead analyst on the United States, Canada, India, and World Bank Group credits.
Bill joined Moody’s in August 2016, following 10 years at the U.S. Department of the Treasury. He most recently served as Senior Advisor for International Financial Markets based in New York, where he was the Office of International Affairs’ first dedicated liaison to New York’s international financial community. From August 2012 to March 2015, he served as the U.S. Financial Attaché to India at the U.S. Embassy in New Delhi, where he represented the U.S. Government as its primary economic expert and financial diplomat in India. Bill joined Treasury’s Office of International Affairs as an international economist in 2006, and covered a wide range of geographies during his tenure, including Latin America, South and East Asia. Prior to joining Treasury, he worked as a management consultant at Accenture.
Bill holds a Master of International Affairs degree in International Financial and Economic Policy from Columbia University’s School of International and Public Affairs (SIPA) and a BA from Wesleyan University. He is a member of The Economic Club of New York and an Industry Advisory Board Member for Columbia Business School’s India Business Initiative.
Mr. Robinson is an Associate Managing Director in the Life Insurance Group at Moody’s Ratings. He is responsible for managing analysts who cover a broad array of life and health insurance companies. Prior to joining Moody’s in 1999, Mr. Robinson worked in the Investment Policy and Strategy Group of the Trust Company of the West. Previously he had been with AXA Financial. Mr. Robinson holds a degree in economics from Duke University and a Masters Degree in Actuarial Science from Georgia State University. He is a Fellow of the Society of Actuaries and a CFA charterholder.
Robert Colangelo is Vice President for the North America Financial Institutions Group. Based in Toronto, he is a lead credit analyst for the largest Canadian banks and insurance companies and publishes related research on these institutions as well as the banking and insurance sectors.
Rob joined Moody’s in June 2021. Before joining Moody’s, Rob worked at another credit rating agency based in Toronto where he was a lead analyst on the large Canadian banks and various credit unions and other financial institutions in Canada. Rob also held a wide range of senior level positions in Finance at Royal Bank of Canada (RBC), including roles in External Reporting, Investor Relations and performance management reporting and forecasting. Rob holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant (CA).
Manoj Jethani is a Vice President – Senior Analyst in the US life insurance team within the financial institutions group at Moody’s Investor Service where he has lead analyst responsibility for a portfolio of US life insurers. Manoj is also a speaker at internal and external conferences and investor events on insurance related topics and maintains ongoing dialogue with investors, media, intermediaries, and rated insurance companies. Prior to joining Moody’s in 2006, he worked as an actuary at a private actuarial consulting firm in Stamford, CT and as a credit analyst at Mashreq Bank in Dubai, UAE where he was responsible for the monitoring and reporting of the bank’s retail product portfolio, which included credit cards, auto loans and personal loans.
Manoj holds a Bachelor of Science in Management Information Systems and Finance from the University of Connecticut and is currently pursuing a Master’s in Business Administration (MBA) with a specialization in Accounting and Corporate Finance at New York University’s Stern School of Business.
Rabia Yusufzai is an Analyst in the FIG Toronto office responsible for the ratings of Canadian banks, property and casualty insurers, pension managers and crown corporations.
Jeff is an Associate Managing Director overseeing the North American team covering US regional banks as well as Canadian banks. Jeff joined the banking team from Moody’s Credit Strategy & Standards where he focused most recently on Public Finance after a long period focused on Financial Institutions.
Jeff joined Moody’s in 2003 as the accounting specialist supporting the insurance sectors and was one of the founding members of Moody’s Accounting Specialists Group, whose role is to also publish research on complex reporting topics. In 2004, Jeff changed his primarily role to that of a fundamental credit analyst within the US property & casualty insurance team and over time transitioned to a Group Credit Officer supporting the Financial Institution Group before moving to his current role.
Prior to joining Moody’s, Jeff spent 12 years in public accounting, most recently with PricewaterhouseCoopers LLP where he was a Senior Manager in the Insurance Audit Practice in New York City. Jeff’s previous experience included a tour in the Accounting Consulting Services Group of PwC’s National Office. Jeff is a Certified Public Accountant and graduated magna cum laude from Skidmore College in New York.
Since joining Moody’s in November 1998, Peter Nerby has been responsible for analyzing and rating the investment banks, broker-dealers and exchanges within the U.S. securities industry. Peter is currently lead analyst covering Citigroup, Deutsche Bank and JPMorgan Chase. Peter came to the company with more than 15 years’ of experience in corporate finance, credit, and counter party analysis.
Prior to joining Moody’s, he led a team at Deutsche Bank that was responsible for managing the bank’s exposure to U.S. broker dealers. He also spent 12 years at JPMorgan and after completing JPM’s management training program, specialized in managing trading and derivatives counter party risk with regulated financial institutions and hedge funds.
Mr. Nerby holds a B.A. in Business Administration from the Richard Ivey School of Business at the University of Western Ontario. After graduation, he spent a year writing case studies on financial strategies of Canadian natural resource companies for use in the School’s graduate and undergraduate programs. He is a Chartered Financial Analyst.
Robert Colangelo is Vice President for the North America Financial Institutions Group. Based in Toronto, he is a lead credit analyst for the largest Canadian banks and insurance companies and publishes related research on these institutions as well as the banking and insurance sectors.
Rob joined Moody’s in June 2021. Before joining Moody’s, Rob worked at another credit rating agency based in Toronto where he was a lead analyst on the large Canadian banks and various credit unions and other financial institutions in Canada. Rob also held a wide range of senior level positions in Finance at Royal Bank of Canada (RBC), including roles in External Reporting, Investor Relations and performance management reporting and forecasting. Rob holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant (CA).
Rabia Yusufzai is an Analyst in the FIG Toronto office responsible for the ratings of Canadian banks, property and casualty insurers, pension managers and crown corporations.