A partner of Pérez-Llorca’s Debt Capital Markets practice, Carlos has extensive experience in the finance sector, having advised financial institutions, funds, corporations and multinationals throughout his professional career on all types of DCM transactions, including securitisations, structured finance transactions, corporate bond issuances, regulatory capital, high-yield and mortgage market instruments, as well as on portfolio acquisitions, including distressed assets.

He also has considerable experience advising financial institutions on banking and capital markets regulations.

He has participated in many of the most innovative fixed-income, securitisation and structured finance transactions that have taken place in Spain over the past few years, including the first ever credit card securitisation carried out in Spain.

Elena trabaja para el Banco Santander, en la División de Banca Corporativa y de Inversión. En la actualidad es Managing Director del Equipo de Gestión de Balance, responsable de Estrategias de Portfolio Global.

Elena es también Consejera de IACPM ( International Association of Credit Portfolio Managers ) y miembro de la Comisión Ejecutiva.

Su foco actual es la financiación del balance de banca de inversión a través de cédulas y bonos así como otras soluciones estructurales de financiación. Además se centra en la generación de capital a través del diseño, ejecución y gestión de titulizaciones sintéticas con transferencia significative del riesgo.

Entre otras acciones de gestión de balance incluye las estrategias de compra activa de CDS, tanto índices como single name, tanto para gestión de línea, como generación de capital y reducción de provisiones.

Con anterioridad Elena ejerció como Global Chief Investment Officer de Santander Asset Management durante 20 años.

Además fue miembro del Comité de Indice FTSE Latibex y Profesora de Asset Allocation en el Master en Mercados Financieros de la Escuela de Finanzas en la Coruña, así como de Mercados Emergentes en el Instituto de Finanzas Avanzadas Elena es licenciada en Finanzas por CUNEF y PDG por el IESE.

Koldo Oleaga has worked in securitisation since 2011, when he joined Santander, where he’s held various positions. Prior to becoming Head of Asset Mobilization of Santander Spain in April 2024, he was CFO of Santander
 Consumer Italy. In his current role he’s responsible for securitisation and other risk transfer transactions within the Retail & Commercial balance sheet of Santander Spain.

Pedro Álvarez es economista en el Departamento de Economía Española de CaixaBank Research. Máster en Economía Aplicada por la Universidad de Oviedo, se especializó en el estudio de las crisis financieras y los sistemas de alerta temprana, iniciando su carrera profesional en el Banco Interamericano de Desarrollo (Washington D. C.). Antes de incorporarse a CaixaBank Research, acumuló más de quince años de experiencia en el análisis de la coyuntura económica en diversas entidades financieras.

Actualmente centra su trabajo en el análisis macroeconómico de la economía española, con especial énfasis en la evolución sectorial. Además, es profesor en IE University, donde imparte docencia en áreas relacionadas con la economía aplicada y el análisis económico.

Rafael Cañada has over 25 years of experience in the infrastructure sector. He is currently Global Head of Project Finance for Digital Infrastructure at BBVA, where he leads financing across fiber, telecom towers, and data centers.

He previously led BBVA’s Project Finance team in London for over a decade. Earlier in his career, he worked in infrastructure advisory at PwC in London and as a Senior Manager in the finance department at Iridium.

Francisco Rivas has been a real estate professional since 2004. Prior to joining MERLIN Properties, he worked at GE Capital Real Estate and Deutsche Bank/RREEF, where he was involved in Core, Value-Added, and Opportunity investments across Spain, Portugal, and Morocco in all types of real estate assets.

Francisco has been a member of MERLIN’s management team since its inception. He leads the Business Development team and is responsible for MERLIN’s Data Centers initiative.

He holds a degree in Law and Business Administration, with a specialization in Finance, from ICADE (E-3).

José de León serves as Senior Vice President and Manager in Moody’s EMEA-covered bond group.

José’s leadership spans a team of credit analysts stationed in various European offices. He also oversees the coordination of covered bond ratings in the Asia Pacific region. His tenure at Moody’s began in 2003 as an RMBS/ ABS analyst, where he played an instrumental role in implementing and adapting Moody’s covered bond methodology across diverse asset classes and jurisdictions throughout Europe. Before joining Moody’s, José worked in structuring and trading ABS at DZ Bank, as well as in exotic equity derivatives at Deutsche Bank in Frankfurt.

His educational credentials include an MSc in Finance Analytics from King's College London, a degree in Economics from Universidad Complutense in Madrid, and a degree in Finance from the Frankfurt School of Finance and Management (formerly HfB). José also holds a Certificate in Quantitative Finance (CQF).

María Turbica joined Moody’s Investors Service in Madrid in 2004 and is based in the Madrid office. She is currently part of the Consumer Surveillance team in the EMEA region responsible for the monitoring of EMEA transactions with a main focus on Non-Performing Loans. Mrs. Turbica is a graduate in Telecommunication Engineering by the Universidad Politécnica of Madrid, Spain, and holds an MBA in Stock Markets and Financial Markets by Instituto de Estudios Bursátiles.

Agustin Martin is the head of covered bonds, SSAs and DM Credit Strategy at BBVA, based in London. He has been the lead covered bonds & SSAs analyst at BBVA for twenty years. BBVA’s covered bonds & SSAs research is considered by European investors and central banks as one of the top providers of high-quality research, ranked #1 by PIMCO, Oddo BHF and Deka. Agustin has been the chairman of the European Covered Bond Council (ECBC) Technical Issues Working Group since 2020 and represents Spain in the VdP roundtable of covered bond experts. Agustin is also a member of the steering committee of the European Covered Bond Council (ECBC).

Agustín joined BBVA in October 2005, after the completion of his master’s degree in electrical engineering and he worked previously in the Spanish utilities sector. In BBVA he has had different roles within the European credit research team, including as a research analyst in structured credit, investment-grade industrial corporates and since 2010, he has headed the covered bonds, SSAs and credit strategy research.

In the SSAs space he is one of the most highly regarded analysts within the Iberian space, which includes, among others, the Spanish autonomous communities. He is a frequent panelist and collaborator with Bloomberg and the specialized media in areas such as covered bonds, ESG research and Iberian agencies and autonomous communities. He holds a degree in electrical engineering from the Universidad Pontificia de Comillas in 2001 and a MsC in advanced econometrics and statistics applied to electrical engineering in 2004 from the same university.

Alberto is based in Madrid as Vice President – Senior Credit Officer for the EMEA Structured Finance Group. As a senior member of Moody's EMEA Structured Finance Group, he is responsible for conducting credit rating committee deliberations ensuring that the appropriate methodologies are applied in a way that is consistent with published methodologies and internal polices & procedures.

Alberto joined the surveillance team within Moody’s Structured Finance Group in2001 where he was responsible for monitoring the performance of Spanish securitisation transactions. In 2002, he moved to the primary team focusing primarily on the Iberian securitisation market. In his tenure he has been involved in a large range of asset classes. He has managed ABS, RMBS, SMEs and Real Estate Developer transactions across EMEA.

Since joining, Alberto has played an important role in the growth of the Madrid structured finance team mentoring new analysts, co-authoring or leading the publication of reports on the EMEA securitisation market and acting as point-of-contact between Moody’s and originators, investors, media and other market participants.

Prior to joining Moody’s, Alberto worked at Banco Zaragozano in the internal audit department. He holds a Diploma in Business Science where he received a special award for graduating the top of his class and he holds a degree in Business Administration by Universidad Complutense de Madrid (Centro Universitario Francisco de Vitoria).

Angel Jimenez is an Assistant Vice President in Moody’s in the European Corporate Structured Finance Surveillance team where he works on a broad range of transactions such as CLOs, ABS-SME, Balance Sheet, CDOs, Multicedulas, Tariff Deficit, Repacks and Esoteric transactions in different jurisdictions, including both Europe and Latam. Angel has published extensive research on ABS-SME sector developments, with particular focus on southern European SMEs.

Prior to joining Moody’s in 2015, Angel worked for Fitch Ratings in Madrid at the Structured Finance team leading the rating analysis of new issuances of Iberian Consumer, Auto and SMEs transactions. Previously, he worked for PwC as Senior Financial Auditor and for BBVA Asset Management at the Corporate Pension Schemes Business Development division.

Mr. Jimenez holds a Msc. in Economics from Universidad de Salamanca and a Postgraduate degree on Business Management from Universidad Autonoma de Madrid. He has also studied one year as exchange student at Univerza v Mariboru (Slovenia) and holds a diploma on Cross-Cultural Management and International Business by BI Norwegian School of Management.

Javier Hevia is a Vice President-Senior Credit Officer in the European Structured Credit Surveillance team where he works on the monitoring of CLOs, Project Finance CDOs and Esoteric transactions. Prior to his surveillance role in Moody’s Javier spent five years in the primary team assessing the credit risk of a broad array of structured credit transactions in Europe with special focus in the Spanish securitization market. Javier has published extensive research on CLO sector developments. 

Prior to joining Moody’s in 2007, Javier worked for three years in JPMorgan in London advising corporates, insurance companies and pension funds on strategic risk management, asset-liability management and longevity risk. Previously he worked for the Central Bank of Costa Rica and for a Costa Rican bank. 

Mr. Hevia holds a Bsc. in Economics (honors) from the University of Costa Rica and Masters degree in Finance (honors) from RSM Erasmus University in the Netherlands.

Javier Fernández is an Analyst in the Covered Bonds team at Moody’s Ratings and he is based in Madrid. Having joined Moody’s in 2022, Javier has been primarily involved in the ratings of covered bonds programmes in Spain, Portugal and Slovakia.

Javier is a graduate in Political Science and in Economics from Universidad Complutense de Madrid, where he received a special award for graduating top of his class, and holds a Master’s degree in Financial Consulting from Universidad Pontificia Comillas. He is also a CFA charterholder.

Gaston Wieder is a Vice President - Senior Credit Officer in the Structured Credit team at Moody’s Ratings and he is based in Madrid. Having joined Moody’s in 2011, Gaston has more than 15 years’ credit experience in structured finance instruments. At Moody’s, Gaston has been primarily involved in the ratings of European granular SME ABS transactions and European Leveraged Loan CLOs. He has also worked as analyst in ABCP, as well as in esoteric ABS transactions.

Prior to joining Moody’s, Gaston’s varied experience included a 4-year stint in Basel at the Monetary and Economic Department of the Bank for International Settlements. Gaston holds a BA in Economics by the Universidad Catolica Argentina, and has pursued postgraduate studies in Statistics and Philosophy at the Universitat de Barcelona.