2019 Forum - Speakers

Saumya Bhavsar

Saumya Bhavsar is a Managing Director and the Global Head of Regulatory Affairs of Credit Suisse, based in Zurich.


Before joining Credit Suisse in August 2017, Ms Bhavsar held a number of key positions in the US Department of Treasury, Euroclear Bank S.A., the European Commission and, more recently, at UBS, where she covered legal and regulatory matters for the cross-border merger of several European wealth management entities and cross-border legal for various markets and in litigation and regulatory investigations.

Saumya Bhavsar holds an LLM degree from Georgetown University Law Center in Washington, D.C., a Juris Doctor from University of Detroit School of Law and a Bachelor of Arts in History from the University of Michigan.

Andrea Cabrini

Andrea Cabrini is the Managing Editor of Class CNBC, the Italian language version of CNBC.


He is also Co-Managing Editor of Milano Finanza, Italy’s leading print and digital financial magazine.

A financial journalist and presenter, Mr Cabrini has three decades’ experience of covering the economy, global markets, and the banking and asset management industry.

He hosts Partita Doppia, a weekly talk show about business, politics and finance.

He is also the curator of Italia 4.0, a multimedia project on digital transformation.

He moderates Italian and international finance-related events, including G7 multi-stakeholder conferences and Aspen Institute and Global Economic Solutions forums.

Before joining Class Editori (which holds a majority stake in Class CNBC), Mr Cabrini worked for ten years as Editor in Chief and presenter at Mediaset, Italy’s first private media company. He left in 2000 to set up Class CNBC and to develop the broadcasting side of Class Editori.

He studied Politics at the Università degli Studi di Milano and obtained a master’s degree from the Istituto per la Formazione al Giornalismo in 1986.

José Manuel Campa

José Manuel Campa is Chair of the European Banking Authority (EBA).


He was appointed in March 2019 for a renewable five-year term. He represents the EBA and, as Chair of the meetings of its Board of Supervisors and its Management Board, steers the strategic direction of the Authority.

From 2015 until his appointment to the EBA, Mr Campa served as Global Head of Regulatory Affairs for Grupo Santander. Prior to that, he was Professor of Finance and Economics at IESE Business School.

Between 2009 and 2011 Mr Campa served as Secretary of State for the Economy in the Spanish Ministry of Economy and Finances. He has been a member of the Financial Stability Board, the board of the European Financial Stability Facility and the Economic and Financial Committee, as well as alternate Governor in multilateral financial institutions. He was also part of the European Commission’s Expert Group which evaluated policy recommendations on structural reforms of the European banking industry.

Mr Campa has taught at the Stern School of Business of New York University and at Columbia University and was a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy Research. He has also been a consultant for a large number of international organisations, including the IMF, the Inter-American Development Bank, the Bank for International Settlements and the European Commission.

He has served on the boards of Prime Collateralised Securities (PCS) Europe, Bruegel, and General de Alquiler de Maquinaria.

José Manuel Campa holds a PhD and an MA in Economics from Harvard University and a Licenciatura in Law and Economics from the Universidad de Oviedo.

Elena Carletti

Elena Carletti is Professor of Finance at Bocconi University and Scientific Director of the Florence School of Banking and Finance at the European University Institute.


She is also on the Board of Directors of UniCredit S.p.A and a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB).

Ms Carletti is also a research professor at the Deutsche Bundesbank, a member of the expert panel on banking supervision for the European Parliament, a member of the Scientific Committee for the Paolo Baffi Lectures at the Banca d’Italia, a member of the Bruegel Scientific Council, a research fellow at the Centre for Economic Policy Research, and a fellow of the Finance Theory Group, CESifo, the Innocenzo Gasparini Institute for Economic Research and the Wharton Financial Institutions Center.

From 2008 to 2013 Ms Carletti was Professor of Economics at the European University Institute, where she also served as joint Chair of the Department of Economics and the Robert Schuman Centre for Advanced Studies. Prior to that, she was an associate professor at Goethe University in Frankfurt and an assistant professor at the University of Mannheim.

She has also been a consultant for the OECD and the World Bank, and served on the review panels of the Central Bank of Ireland and Sveriges Riksbank and on the Boards of the Financial Intermediation Research Society and the Fondazione Cassa di Risparmio della Spezia.

Ms Carletti graduated from Bocconi University and received her PhD in Economics from the London School of Economics and her Habilitation in Economics from the University of Mannheim. She is the author of numerous articles on financial intermediation, financial crises and regulation, competition policy, corporate governance and sovereign debt.

Andrea Enria

Andrea Enria took office as Chair of the Supervisory Board of the European Central Bank in January 2019.


Before that he was Chair of the European Banking Authority, a position he had held since March 2011. He previously served as Head of the Regulation and Supervisory Policy Department at the Banca d’Italia and as Secretary General of the Committee of European Banking Supervisors. He also held the position of Head of the Financial Supervision Division at the ECB. Before joining the ECB he worked for several years in the Research and Supervisory Departments of the Banca d’Italia.

Mr Enria has a BA in Economics from Bocconi University and an MPhil in Economics from Cambridge University.

Keynote speech

Helena Forest

Helena Forest is a senior transaction banking specialist with international experience in product strategy, innovation and change management.


In her current role she is responsible for Deutsche Bank’s Global Cash Management network strategy, focusing on new markets and optimising existing branches while also delivering an improved client experience and a standardised product across Deutsche Banks’s 34-country franchise. Alongside this, Ms Forest develops strategic partnerships and leverages the latest automation trends in robotic process automation and machine learning to drive risk reduction and cost optimisation.

Before joining the Cash Management Product team in 2017, she was a Senior Product Owner with a successful track record in leading teams through complex business and technology changes, investment prioritisation and innovative product designs, and solution commercialisation for multinational corporate clients and non-bank financial institutions.

Throughout her career Ms Forest has promoted diversity, a forward-thinking work-life balance and productivity initiatives. Outside work she is a passionate runner and an active community supporter, leading initiatives such as “Coding and Lego robotics for girls”.

Ms Forest has a Diploma in International Business Administration from the Würzburg University of Applied Sciences and a BA in B2B Marketing from the International Business School Groningen.

Ferdinando Giugliano

Ferdinando Giugliano is a columnist for Bloomberg Opinion and La Repubblica, focusing primarily on central banking and financial regulation in Europe.


From 2011 to 2015 he worked for the Financial Times in London, writing editorials and analyses about the global economy.

Mr Giugliano holds an MPhil and a DPhil in Economics from the University of Oxford and has worked as a consultant for the Centre for Economic Policy Research, the Banca d’Italia and the Economist Intelligence Unit. From 2016 to 2019 he was a David Rockefeller Fellow at the Trilateral Commission.

Olivier Guersent

Olivier Guersent has been Director General of the European Commission’s Directorate General for Financial Stability, Financial Services and Capital Markets Union since September 2015.


He was appointed Deputy Director General of the same Directorate General in July 2014. Previously, from 2010 to 2014, Mr Guersent was the head of the private office of Michel Barnier, Commissioner for Internal Market and Services. Since joining the European Commission in 1992, when he took up a position in the Merger Task Force in the Directorate General for Competition, he has held various positions in the private offices of several European Commissioners and in the Directorate General for Competition, including Deputy Head of Unit in charge of cartels, Head of Unit in charge of policy and coordination of cases, Head of Unit in charge of merger control, Acting Director of transport, postal and other services and Director responsible for anti-cartel enforcement. He began his career at the French Ministry of Economy and Finance in 1984, where he conducted a number of investigations for the French Competition Authority.

He is a member of the board of Arémis, a non-profit organisation that provides medical care in the home. He also regularly lectures to postgraduate students at a number of universities.

Mr Guersent graduated with distinction from the Institut d’Études Politiques de Bordeaux in 1983.

Luis de Guindos

Luis de Guindos has been Vice-President of the European Central Bank since 1 June 2018.


In this role, he is also a member of the Executive Board, the Governing Council and General Council of the European Central Bank.

Before taking up that position, he was Spain’s Minister of Economy, Industry and Competitiveness from 2016 to 2018, Minister of Economy and Competitiveness from 2011 to 2016, Secretary of State for Economic Affairs, and member of the Economic and Financial Committee of the European Union from 2002 to 2004. Prior to that, he was Secretary General for Economic and Competition Policy from 2000 to 2002 and Director General from 1996 to 2000.

Mr de Guindos was Head of Financial Services at PricewaterhouseCoopers (PwC) from 2008 to 2009, and Director at the IE Business School and PwC Center for the Finance Sector from 2010 to 2011. He was Chief Executive Officer Iberia at Lehman Brothers and Chief Executive Officer at Nomura Securities from 2006 to 2008.

He attended the Colegio Universitario de Estudios Financieros (CUNEF) in Spain, earning a BSc in Economics with honours in 1982, and went on to graduate as State Economist and Trade Expert in 1984.

Welcome remarks

Patrick Jenkins

Patrick Jenkins has been Financial Editor and Assistant Editor at the Financial Times (FT) since January 2014.


In this role, Patrick shapes the FT’s overall financial coverage, with a focus on financial services and investment and a brief to look across the traditional silos of banking, insurance, asset management and other financial services activities to spot themes and risks. He works closely with the editors of Markets, Lex, FT Money, FTfm and the financial services reporting team. He also contributes to leader-writing and comment, while continuing to write the weekly Inside Finance column and City Insider diary.

Before becoming Financial Editor, Mr Jenkins had been the FT’s Banking Editor since June 2009, leading the ten-strong global financial services reporting team and charting the seismic overhaul of the industry in the immediate aftermath of the financial crisis. Prior to this post he was Companies editor, editor of International Company News and Frankfurt correspondent. Mr Jenkins joined the FT Group in 1996 as editor of the newsletter FT World Insurance Report. He joined the FT proper two years later as an editor in the special reports department, before becoming personal finance reporter and then UK companies reporter in 2000.

He is a regular participant in industry conferences and has appeared on numerous television and radio shows commenting on the state of finance today. He also hosts the FT’s widely followed Banking Weekly podcast.

Mr Jenkins trained and initially worked as a linguist and translator, spending stints working in both France and Germany. He obtained a BA in French and German from the University of Kent and an MA in French literature from the University of Warwick.

Kerstin af Jochnick

Kerstin af Jochnick has been an ECB representative to the Supervisory Board since 1 October 2019.


Prior to this she was First Deputy Governor of Sveriges Riksbank, a position she had held since 2012. In that role, she was also an alternate member of the General Council of the European Central Bank from 2015 to 2019. She was also a member of the European Systemic Risk Board from 2015 to 2018.

From 2009 to 2011 Ms af Jochnick was Managing Director of the Swedish Bankers’ Association and from 2008 to 2009 she was Chair of the Committee of European Banking Supervisors.

From 1995 to 2007 she was Head of Banking Supervision at Finansinspektionen, the Swedish Financial Supervisory Authority, where she had also worked as a financial analyst from 1991 to 1995.

Her other past roles have included Member of the Board of the Danish Financial Supervisory Authority (2014-18), Member of the IIF Advisory Group on Supervision (2010-11) and Member of the Basel Committee on Banking Supervision (2003-09 and 2013-19).

Elke König

Dr Elke König is Chair of the Single Resolution Board.


In this role she is responsible for the management of the organisation, the work of the Board, budgetary and staff matters and executive and plenary sessions of the Board. The General Counsel, the Strategy, International Relations and Communications unit and the Internal Audit function report directly to her. Dr König was President of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) from 2012 to 2015.

After obtaining a doctorate in Business Administration, Dr König spent many years working for companies in the financial and insurance sectors. From 1980 to 1990 she worked for KPMG in Cologne where she audited and advised insurance companies, as a Prokuristin (holder of a special statutory authority) from 1986 and as a director and partner from 1988. In 1990 Dr König was appointed Head of Accounting at the Munich Re Group, a position she held until 2002 when she moved to Hannover Rückversicherung AG to serve as Chief Financial Officer. Dr König was a member of the International Accounting Standards Board (IASB) in London from 2010 until the end of 2011. She has also served as a representative of the Supervisory Board of the ECB.

Görkem Köseoğlu

Görkem Köseoğlu has been Chief Analytics Officer of ING Group N.V. since October 2018.


In this role, he heads up ING’s Global Analytics Unit, which is leading the transformation of ING into a data-driven organisation and expanding the bank’s analytics capabilities.

Mr Köseoğlu joined the ING Group in 2012 as Chief Operating Officer and was responsible for Operations and Information Management of ING Bank Turkey. In 2017 he was promoted within ING, moving abroad to take up the position of Global Head of Robotics and Artificial Intelligence.

Between 2001 and 2012, prior to joining ING Turkey, he was a managing consultant in the European offices of the management consulting firm McKinsey & Company. During his time there he specialised in transformation programmes, gaining extensive experience in commercial strategy, operational plans and technology projects. He began his career at Lucent Technologies in 2000 as an Intelligent Networks marketing manager.

Mr Köseoğlu obtained his bachelor’s degree from Bosphorus University in Istanbul and his master’s degree in business administration from the University of Twente in the Netherlands.

Yves Mersch

Yves Mersch is a member of the Executive Board and Vice-Chair of the Supervisory Board of the European Central Bank.


As a member of the Executive Board, which he joined in December 2012 for an eight-year term, Mr Mersch sits on the Governing Council, which is responsible for monetary policy for the euro area. He has also been responsible for ECB Banking Supervision since his appointment as Vice-Chair of the Supervisory Board in October 2019.

Mr Mersch was Governor of the Banque centrale du Luxembourg from 1 June 1998 to 14 December 2012 and has been a member of the Governing Council and the General Council of the ECB since its creation in 1998.

After obtaining postgraduate degrees in International Public Law and Political Science, Mr Mersch started his career at the Luxembourg Ministry of Finance in 1975. Before joining the Permanent Representation of Luxembourg to the United Nations in New York in 1980, he was seconded to the International Monetary Fund in Washington. Upon his return to Luxembourg in 1981, he worked at the Ministry of Finance and from 1985 to 1989 he was Government Commissioner in charge of oversight of the Luxembourg stock market. Between 1983 and 1999 he was a member of the Council of the Luxembourg Monetary Institute, Luxembourg’s banking supervisory authority. As Personal Representative of the Minister of Finance, Mr Mersch contributed to the design of the Maastricht Treaty.

In 2011 he was elected Co-Chair of the Financial Stability Board’s Regional Consultative Group for Europe and in 2014 he was appointed Honorary Professor at the University of Luxembourg.

In 2019 Mr Mersch received the Lámfalussy Award from the Magyar Nemzeti Bank.

José María Roldán

José María Roldán has been Chair and CEO of the Spanish Banking Association since April 2014.


Previously he served for 13 years as Director General of the Banking Regulation and Financial Stability Department of the Banco de España and as a member of its Executive Board. He was also Vice-President of the European Banking Federation from May 2015 to June 2019.

During his time in office as Director General at the Banco de España he was a member of the Basel Committee on Banking Supervision (BCBS) and chaired both the Standards Implementation Group of the BCBS and the Joint Forum during the BCBS’s tenure.

After serving as President of the Financial Action Task Force on Money Laundering, he founded and was the first Chair of the Committee of European Banking Supervisors, the forerunner of the European Banking Authority. He also chaired the former Banking Advisory Committee of the European Union.

Mr Roldán joined the Banco de España in 1989 as a Senior Economist in the Research Department. In 1994 he took up a post at the European Monetary Institute (the forerunner of the European Central Bank) in Frankfurt.

Hauke Stars

Hauke Stars is a member of the Executive Board of Deutsche Börse AG.


She manages the Cash Market, Pre-IPO and Growth Financing Division, which handles the listing and exchange trading of equities, bonds and other securities and drives innovative pre-IPO growth financing initiatives. In June 2018 Ms Stars took on additional responsibilities as Director of Labour Relations, leading the Human Resources area. From 2012 to 2015 she led the Information Technology and Market Data and Services Division and was instrumental in modernising Deutsche Börse’s global IT infrastructure and expanding the market data business.

From 2007 to 2012 Ms Stars was Managing Director at Hewlett Packard Switzerland and Country Manager of HP’s largest group segment, HP Enterprise Business. Before this, she led HP Services and Sales at Hewlett Packard Netherlands. Before joining Hewlett Packard, Ms Stars held various senior management positions in the IT industry, including Member of the Management Board of Triaton, an IT service provider and subsidiary of ThyssenKrupp AG, where she was in charge of Sales and Marketing. Previously, she successfully implemented a number of strategic projects for the Chief Information Officer at Bertelsmann.

Ms Stars is a member of the Supervisory Board of Fresenius SE & Co. KGaA and a member of the Board of Directors of Kuehne + Nagel International AG.

She earned an Engineering Degree in Applied Computer Science (Dipl.-Ing.) and an MSc in Engineering.

Annette Weisbach

Annette Weisbach is a Frankfurt-based reporter for CNBC with more than 15 years’ experience in business news.


A trained economist and former investment banker, she covers Germany and the ECB and has interviewed leading decision-makers in Germany and Europe over the past decade.

Ms Weisbach joined CNBC in 2009. She studied Economics and Political Science in Frankfurt, Moscow and London and speaks French, Russian, English and German.

Clare Woodman

Clare Woodman is CEO and Head of Europe, the Middle East and Africa at Morgan Stanley & Co. International Plc.


She is a member of both the global operating committee and the management committee and is Chair of Morgan Stanley Europe SE. Previously, Ms Woodman was Global Chief Operating Officer for Morgan Stanley’s Institutional Securities Group. She joined Morgan Stanley in 2002 from Clifford Chance.

Ms Woodman is a Trustee of the Morgan Stanley International Foundation, overseeing the firm’s long-standing partnership with Great Ormond Street Hospital, and she is an active sponsor of the firm’s Women’s Business Alliance.

Ms Woodman holds senior non-executive roles at The UK Finance Board and The Banking Standards Board and is a member of TheCityUK Advisory Council.

Ms Woodman holds an MBA from the London Business School.

Joachim Wuermeling

Joachim Wuermeling took office as a member of the Executive Board of the Deutsche Bundesbank on 1 November 2016.


He is responsible for the Directorates General Banking and Financial Supervision, Information Technology and Risk Control. He is a member of the Supervisory Board of the European Central Bank and represents the Deutsche Bundesbank on the Basel Committee on Banking Supervision and the German Financial Stability Committee.

Prior to taking up his current position, Mr Wuermeling held a variety of executive-level posts in the financial and insurance industries as well as in politics. From 2011 until his departure for the Bundesbank, Mr Wuermeling was Chair of the Board of Directors of the Association of Sparda-Banken in Frankfurt am Main. Prior to that, he was a member of the Executive Board of the German Insurance Association for around three years. From 2005 to 2008 Mr Wuermeling was State Secretary for European affairs at the German Federal Ministry for Economics and Technology, where he was also responsible for coordinating European policy matters. Prior to this, he was a Member of the European Parliament (CSU) from 1999 to 2005 and held posts at the European Commission in Brussels, the Bavarian State Chancellery in Munich (1993 to 1999) as well as in the Bavarian representative office in Bonn (1989 to 1993).

He studied Law at the Universities of Bayreuth, Erlangen and Dijon, and earned a PhD in European Law from the University of Bayreuth and subsequently an LLM in Comparative, European and International Laws at the European University Institute in Florence.