TSI Training

Stefan Henkelmann is one of Germany’s leading capital markets lawyers and has extensive experience across structured finance, debt capital markets and related regulatory matters. He advises on a wide range of capital markets transactions, with a particular focus on securitisations, including true sale, secured loan and synthetic structures across a broad range of asset classes. His practice also covers other structured finance and derivatives transactions, including repackagings, secured notes, strategic equity and non-performing loan transactions.
Stefan Henkelmann regularly advises banks, financial institutions, asset managers, corporates, originators and investors on complex domestic and cross-border transactions. He has significant experience in bond transactions, including Pfandbriefe, covered bonds, structured notes, hybrid and corporate bonds, as well as bond restructurings. In addition, he advises extensively on the regulatory and insolvency law aspects of capital markets and structured finance transactions.
His clients operate across a range of sectors, particularly financial services, real estate, infrastructure, energy and alternative investments. Alongside his transactional practice, Stefan Henkelmann is a lecturer in capital markets law at the Institute for Law and Finance of Goethe University Frankfurt am Main. He is also a frequent author on capital markets law and emerging market developments, and regularly speaks at industry conferences and delivers training sessions for clients and market participants.

Christoph is Director and member of PwC's Governance, Risk & Compliance (GRC) practice in Germany. He has years of experience in providing consulting services and leading regulatory audits for numerous German and international banking clients. His focus areas are the current and future regulatory requirements for banks, i.e. Basel III and Basel IV including the corresponding EU implementation. Within PwC’s GRC team, he leads the cross-functional workstream on securitisations and supports various German and international clients with the implementation of the regulatory framework for securitisations. Further, he is responsible for the horizontal division “Regulatory Reporting and Disclosure Solutions” and thus takes care of related projects, audits and thought leadership activities. Besides, he is a frequent trainer for external and internal seminars on regulatory issues and publishes regularly in books, journals or blogs.

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.

With more than 20 years of product experience, Ulf Kreppel's practice focuses on securitization and structured finance involving a broad variety of asset classes. He has worked with financial institutions as well as alternative capital providers (in their various roles). His experience includes complex and multijurisdictional, public and private traditional and synthetic securitizations, asset-based lending, and covered bond financings that have been part of stand-alone term transactions, warehousing deals, or asset-backed commercial paper programs. Ulf advises on a broad range of asset classes, including auto loans and leases, commercial and noncommercial real estate loans, and trade receivables. He also represents two major European financial institutions as counsel for their asset-backed commercial paper programs (ABCP).
During his professional career, Ulf has advised on a number of innovative and market-first transactions and participated in several legislative initiatives, most recently in relation to implementation of a legal framework for simple, transparent, and standardized securitizations and the blockchain-based settlement of securities under an ABCP program. As an integrated part of his practice, he also advises on derivatives (including credit derivatives) and has significant experience dealing with regulatory, capital markets, and tax-related issues pertaining to structured financings. Most recently, Ulf also has been advising on IBOR transition matters.
Ulf is recognized as a leading German lawyer in the areas of capital markets, structured finance, and securitization by IFLR 1000, JUVE, Chambers, and PLC Which lawyer? He has coauthored several articles on the legal risks and structural solutions for securitizations in Germany.

Michael Osswald is the Managing Director of STS Verification International GmbH (“SVI”), a third party verifier performing verifications of ABCP, term ABS and synthetic securitisations for compliance with the “Simple, Transparent, Standardised” (STS) criteria under the European securitisation regulation. He joined SVI in February 2019 and oversees all verification and related corporate activities of SVI across Europe. Michael has extensive securitisation experience both as investor and in the origination and structuring of term ABS, ABCP and synthetic transactions, which he gained from 1998 at Landesbank Baden-Württemberg in Stuttgart and London and subsequently at ABN AMRO Bank in Frankfurt as part of the European ABS team. In 2009, he moved to the transportation finance division of KfW IPEX-Bank and was, prior to joining SVI, Senior Credit Officer at Erste Abwicklungsanstalt in Düsseldorf, where he was responsible for the asset securitisation, infrastructure, aviation and shipping sub-portfolios. Michael holds a degree in business administration from Julius Maximilian University of Würzburg.

Markus is responsible for LBBW SRT program as well as other risk optimization instruments within the bank´s capital management unit (“CMU”) and leads the implementation in the banks processes as a lead project manager. He has a year long track record in structuring, sales and risk management of credit sensitive capital market instruments in sell- as well as buy-side institutions.

András Vajda is CEO and Co-Founder of iconicchain, the company behind iconicSecurities, the platform for structured finance. He has more than 20 years of executive and technology leadership experience and has delivered over 30 securitization and regulatory compliance projects with multinational banks and regulators. Before iconicchain, he led several large-scale programs at Ericsson that became high-growth, high-margin businesses. András holds an MSc in Distributed Systems and is the author of several articles and a book.

Philipp von Websky has been with Deloitte since 2001. Together with his team he has full focus on securitisations, covering all asset classes and various jurisdictions and having a particular emphasis on portfolio services (Pool Work, Asset Audits, Prospectus Work, Verification Agent).

Dominik Walter has been working in the ABS Structuring Team for UniCredit since 2007. Dominik focuses on capital market and private ABS transactions for UniCredit’s core clients. He has been responsible for the structuring, execution and placement of numerous transactions for funding and regulatory capital purposes. In addition, he is well experienced in portfolio analytics, cash flow modelling and portfolio optimization techniques, and was responsible for the quantitative analysis in various term transactions for UniCredit group. Dominik holds a diploma in Economic Mathematics from University of Ulm, is a licensed banker and a certified Financial Risk Manager (FRM).