Christian Bauer is an auditor at KPMG AG in the Financial Services department in Frankfurt am Main. As a partner, he heads Structured Finance and specialises in leasing, factoring and securitisation (synthetic and true sale securitisations). His experience covers audits at banks in Germany and abroad, leasing companies, factoring companies and special purpose vehicles for securitisations. He is a member of working groups at the Institute of Public Auditors in Germany (IDW) and at the Accounting Standards Committee of Germany (ASCG) and is the author of various publications on accounting issues.
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Jan-Peter Hülbert has been Managing Director of True Sale International GmbH since July 2018. He brings over 20 years of experience in the banking and capital markets business, including 16 years in securitisation on the banking side. Jan-Peter has been responsible for client transactions for banks, corporates and leasing companies in the public ABS, private securitisation and ABCP segments. He holds a degree in business administration from LMU Munich and is a member of the Supervisory Board of STS Verification International GmbH and of the Supervisory Board of European DataWarehouse GmbH.
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Olga Kashkina has joined the ING’s Asset Securitisation team in 2022, following 5 successful years at Fitch, where she focused on rating assessments for European ABS deals across asset classes (Auto/SME Lease/Consumer ABS, RMBS). At ING, Olga closely works with group treasury on arranging/placement of RMBS (incl. in green format), supports external clients as an arranger for public German ABS transactions, as well on the origination of private lending facilities.
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Armin Krapf analysed European ABS and RMBS transactions as VP – Senior Credit Officer at Moody's for more than 15 years. For the last few years he has also served as committee chair and manager for these asset classes. In the Frankfurt office, he is responsible for securitisations of granular portfolios of car loans and leases, unsecured consumer loans, and private real estate loans across Europe and South Africa. He also covers the analysis of ABS with less standardised assets and structures, such as portfolios from online lenders or marketplace lending platforms. During his time at Moody's, he also analysed ABS transactions with portfolios of SME loans. Prior to joining Moody's, he worked at KPMG DTG AG as an assistant manager and auditor for the banking industry.
Armin Krapf graduated from the University of Maastricht in Economics – International Management and he also studied at the University of Göttingen and the Royal Holloway University of London.
Armin Krapf graduated from the University of Maastricht in Economics – International Management and he also studied at the University of Göttingen and the Royal Holloway University of London.
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Dr Oliver Kronat is Partner in the Frankfurt office of Clifford Chance. Oliver specialises in advising on German and international structured finance transactions. His experience includes the securitisation of trade, consumer, leasing and loan receivables and the establishment of ABCP Conduit Programmes. as well as Fintech, Speciality Finance and Fund-Linked Note transactions. He also advises on the restructuring of securitisation and other structured finance transactions as well as on securitisations by insolvent companies.
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Salah Maklada
Director
Salah has been a Director of STS Verification International GmbH since March 2023. He joined the STS Verification International GmbH team in July 2021, bringing in 10 years of securitisation experience gained through his work in the Credit and Securitisation team of Deloitte.
His responsibilities at Deloitte covered trustee and verification services for a wide range of clients in Germany (originators, investors and sponsors) in various synthetic and true sale transactions.
As a Senior Manager at Deloitte he was mainly responsible, as the lead manager, for the performance of agreed-upon procedures and credit file due diligences at banks in the context of securitisation and portfolio transactions for consumer, auto and mortgage loans. Salah was also responsible for the performance of several asset audits at medium-sized businesses with regards to trade receivables securitised in ABCP transactions.
Salah holds a degree (Diploma) in Business Administration from the University of Cologne.
Tel: +49 (0)69 8740 344-45
E-mail: salah.maklada@svi-gmbh.com
CV
Work experience
since
March 2023 Director, STS Verification International GmbH, Frankfurt am Main
2021 - 2023 Associate Director, STS Verification International GmbH, Frankfurt am Main
2011 – 2021 Senior Manager (2020-2021) Credit & Securitisation Advisory, Deloitte Wirtschaftsprüfungsgesellschaft GmbH, Düsseldorf
2015 – 2016 Assistant Manager (Secondment) Banking & Capital Markets, Deloitte LLP, London (UK)
Education
2005 – 2011 Master of Science in Business Management (Diploma degree program): Fields of Specialisation: Banking, Finance and Economics. Master Thesis: “The instruments of credit risk transfer in cooperative financial institutions in Germany”; University of Cologne
1997 – 2001 High school in Haifa, Israel. Degree: Israeli high school certificate
Director
Salah has been a Director of STS Verification International GmbH since March 2023. He joined the STS Verification International GmbH team in July 2021, bringing in 10 years of securitisation experience gained through his work in the Credit and Securitisation team of Deloitte.
His responsibilities at Deloitte covered trustee and verification services for a wide range of clients in Germany (originators, investors and sponsors) in various synthetic and true sale transactions.
As a Senior Manager at Deloitte he was mainly responsible, as the lead manager, for the performance of agreed-upon procedures and credit file due diligences at banks in the context of securitisation and portfolio transactions for consumer, auto and mortgage loans. Salah was also responsible for the performance of several asset audits at medium-sized businesses with regards to trade receivables securitised in ABCP transactions.
Salah holds a degree (Diploma) in Business Administration from the University of Cologne.
Tel: +49 (0)69 8740 344-45
E-mail: salah.maklada@svi-gmbh.com
CV
Work experience
since
March 2023 Director, STS Verification International GmbH, Frankfurt am Main
2021 - 2023 Associate Director, STS Verification International GmbH, Frankfurt am Main
2011 – 2021 Senior Manager (2020-2021) Credit & Securitisation Advisory, Deloitte Wirtschaftsprüfungsgesellschaft GmbH, Düsseldorf
2015 – 2016 Assistant Manager (Secondment) Banking & Capital Markets, Deloitte LLP, London (UK)
Education
2005 – 2011 Master of Science in Business Management (Diploma degree program): Fields of Specialisation: Banking, Finance and Economics. Master Thesis: “The instruments of credit risk transfer in cooperative financial institutions in Germany”; University of Cologne
1997 – 2001 High school in Haifa, Israel. Degree: Israeli high school certificate
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Uli Maute joined BMW Group’s Structured Finance team in 2016 with a focus on arranging, structuring and executing auto ABS transactions across the globe. Uli moved to BMW from Lloyds Bank, where he was Director at the bank’s Securitised Products Group, responsible for originating, structuring and distributing term auto ABS and credit cards transactions for UK and continental European clients. Prior to that, he was Senior Director at Fitch Ratings in Frankfurt and London, at last heading Fitch’s London-based EMEA Consumer ABS rating team.
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Benjamin Mohr is a member of the executive board of Creditreform Rating AG. He is responsible for Business Development and Relationship Management, as well as the newly established division of ESG Ratings. Previously, Dr. Mohr held positions at American Express and various roles within the Creditreform Group, most recently as Head of Public Finance and Economic Research at Creditreform Rating. Holding a diploma in economics, he studied at the University of Frankfurt and earned a doctoral degree in economics from FernUniversität in Hagen. During his tenure as a research assistant, he authored several academic articles and a book on institutional arrangements in banking regulation to ensure financial stability.
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Sebastian Oebels advises national and international companies on German and international securitisations and other structured finance transactions. He focuses on all legal aspects of debt capital markets products including asset backed securitisations (STS and non-STS) as well as debt issuance programmes. In particular, Sebastian has gathered wide experience in advising banks, issuers and originators on auto loans/leases and trade receivables securitisations. Sebastian studied law at the University of Frankfurt am Main and works in the structured finance practice since 2015.
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Tom Oelrich has been working for DZ BANK AG in Frankfurt am Main in the securitisation department since 2003. As a senior structurer, he has been advising DZ BANK’s clients in all aspects relating to term-ABS capital market transactions since 2015 with a focus on auto-ABS, consumer and SME loans as well as leasing transactions. Previously, Mr. Oelrich arranged ABCP transactions for corporate clients of DZ BANK.
Since entering into the securitisation business, he has structured a large number of customer transactions and has successfully accompanied numerous transactions as placement agent and swap counterparty. Mr. Oelrich has graduated from Frankfurt School of Finance & Management and holds a degree in Business Administration.
Since entering into the securitisation business, he has structured a large number of customer transactions and has successfully accompanied numerous transactions as placement agent and swap counterparty. Mr. Oelrich has graduated from Frankfurt School of Finance & Management and holds a degree in Business Administration.
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Dr Christian Thun is the Chief Executive Officer of European DataWarehouse (EDW), Europe’s first securitisation repository. He joined EDW in 2016 from Moody’s Analytics where he worked for 14 years in Dublin, London and Frankfurt in various senior positions, most recently as senior director with inter alia responsibility for the DACH region. In the early stage of his career, Mr. Thun was a team leader at the risk consulting firm Baetge & Partner (an OliverWyman affiliate) and also worked as a credit analyst in the structured finance division for Dresdner Bank in Frankfurt and London.
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Philipp Wallaschek arbeitet seit 2021 im Zentralbereich Märkte der Deutschen Bundesbank. Seine Hauptgruppe befasst sich mit der Umsetzung des Sicherheitenrahmens des Eurosystems in Deutschland. Er ist für die Notenbankfähigkeitsprüfung und das Monitoring in Deutschland gelisteter ABS sowie die Due Diligence deutscher ABSPP-Transaktionen zuständig. Darüber hinaus befasst er sich mit Grundsatzfragen des Sicherheitenrahmens, der Einreichbarkeit marktfähiger und nicht-marktfähiger Sicherheiten zur Besicherung geldpolitischer Operationen mit dem Eurosystem und der Digitalisierung von Vermögenswerten.
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Bernhard Zahel is a Senior Portfolio Manager with DWS Investment GmbH in Frankfurt am Main, Germany. He is focusing on investments into structured products like Asset Backed Securities as well as illiquid investments such as loans guaranteed by export credit agencies. In addition to the management of portfolios his role includes the coverage of certain markets in the respective sectors.
In 2014 and 2015 he was responsible within Deutsche Asset Management for the advisory of the European Central Bank within the ABS Purchase program.
After graduating with a masters degree in economics (Diplom Volkswirt) at University of Bonn, Bernhard started his career in 2001 as a workout analyst for corporate clients with Deutsche Bank AG. From there he joined DWS Investments GmbH in 2004 to become a portfolio manager where he stayed with different responsibilities in various asset classes until today.
In 2014 and 2015 he was responsible within Deutsche Asset Management for the advisory of the European Central Bank within the ABS Purchase program.
After graduating with a masters degree in economics (Diplom Volkswirt) at University of Bonn, Bernhard started his career in 2001 as a workout analyst for corporate clients with Deutsche Bank AG. From there he joined DWS Investments GmbH in 2004 to become a portfolio manager where he stayed with different responsibilities in various asset classes until today.
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