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Meet our speakers
PPP unit director,
Ministry of Planning
Electrical Enginner and Lawyer, Post-graduated in Economics;
Fourteen years of experience in planning of power sector, four years of experience in antitrust (Ministry of Justice), former Director (Commissioner) of Brazilian Electrical Power Regulatory Agency (ANEEL). Former Professor of Economics. Nowadays Director of PPP Unit of Ministry of Planning .
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Partner,
Santander Infrastructure Capital
Pedro Batalla is a Partner of the Manager. Prior to joining the Manager, Mr. Batalla co-managed the Darby Latin America Fund (DLAMF), a private equity fund specialized in infrastructure investments in Latin America, part of the Franklin Templeton Group, for which he worked for 9 years based in Washington DC. The Fund invested in 12 transactions, and is on course to achieve a gross IRR of 17%. Prior to Darby, Mr. Batalla was a Manager for the International Finance Corporation (“IFC”), the private sector arm of the World Bank Group, where he worked for 8 years out of different locations including Washington DC, Mexico and Buenos Aires. Mr. Batalla played senior roles in most of the transactions that IFC financed in Chile, Mexico and Argentina with a special focus on Electricity Generation, Transmission and Distribution, Gas Pipelines, Toll Roads, Railroads and Port Terminals and Manufacturing. Overall, Mr. Batalla’s extensive work experience throughout Latin America has allowed him to establish top level business contacts across the region. Past Directorships include serving on the Board and Management Committees of companies invested in by DLAMF and IFC. Mr. Batalla holds a B.Sc. in Mechanical Engineering from University of Navarra, and an MBA from IESE.
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Transaction Manager,
CIFI
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Senior Vice President,
TCW
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Deputy Secretary of Infrastructure,
Ministry of Transportation
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Director of Project and Commodity Finance, Latin America,
HVB Americas
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Consultant,
Courtland Partners Ltd.
Thomas G. DeFranco, Consultant and Director of Infrastructure Investments, has over eleven years of legal, real estate and asset management experience. Mr. DeFranco previously practiced law as a sole practitioner and for Thompson Hine LLP. Additionally, he worked for two privately-held asset management companies focusing on commercial real estate and Taft-Hartley Plans.
Mr. DeFranco directs infrastructure investments for various state pension plans and other clients through conducting market research, fund/manager meetings and evaluations, due diligence reports, portfolio strategy and modeling, and helping to increase investor awareness of the benefits infrastructure investments can bring to an investment portfolio. Mr. DeFranco speaks frequently at industry and client seminars.
Mr. DeFranco received both his J.D. and M.B.A. from Stetson University and a B.S.B.A. in Marketing from Xavier University (Ohio). He also holds a Series 7 license.
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Julio Dreizzen is the CFO of Corporación IMPSA SA and member of IMPSA’s Corporate Executive Committee. Dreizzen has a long experience in corporate finance and capital markets in the private sector as well as an important track record in the public sector. From 2002 to 2005 he was President of Constellation, the management company of an absolute return fund that invests in Argentina. From 1990 to 1999 as Executive Director of the Investment Banking Division of Banco Galicia (Argentina) he led the execution of over 300 transactions in areas such as project finance, structured finance, bond and stock issuance, M&A and privatizations. He has been Director of Banco Hipotecario Nacional (since 2004), Alternate Executive Director of the IMF (1986), Director of the Central Bank of Argentina (1987-1989), Undersecretary of Finance of the Ministry of Economy of Argentina (2000-2001) and Consultant to the IADB (2002), the UNDP (2005) and the CAF (2005). Mr.Dreizzen has been Professor of Corporate Finance at the University of Buenos Aires Capital Markets Graduate Program for the last 15 years.
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Chief Executive Officer,
Bioenergy Development Fund
BDF Management Ltd - CEO and Founder - 2005 - Present
- BDF Management manages the Bioenergy Development Fund family of funds.- BDF main investments are located in Brazil and linked to renewable fuels and energy.
FIMAT Brazil – CEO 2001-2005– Chaired the Brazilian Office
– More than 10 years of in depth experience in the industry– Placed FIMAT as the top soft commodities player in Brazil• FIMAT: 2005 winner of Top of Mind award for Brazilian brokerage– Consolidated FIMAT as the leading broker in Brazilian Sugar Industry (70%
market share)– Introduced derivative products related to ethanol and sugar to Brazilian
producers
– Generated important deals between the Brazilian agribusiness and the European
market
– Consultant of the Board of Directors of 5 leading sugar mills, participating in board meetings as market and price strategy advisor
FIMAT USA – Latin America Desk – Partner 1998-2001
– In charge of the Latin American Commodities Group– Managed a team of 12 brokers, selling derivatives to main commodity producers
– Yearly turnover of over $12 million FIMAT Brazil – Commodities and Derivatives Broker 1994-1998– Coordinated and participated in the set up of the Brazilian Office
– Designed and implemented the infrastructure of the branch– Took charge of the soft commodities department.
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Senior Vice President,
TCW
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Transport Sector Specialist ,
Inter-American Development Bank
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Counsel ,
MIGA-World Bank
Ivan Illescas is Counsel at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance agency of the World Bank Group. He joined MIGA in 2004. Mr. Illescas provides legal advice on the agency’s political risk insurance (guarantees) for cross-border
investments in emerging markets. He specializes in infrastructure projects in the Latin America and the Caribbean region. Mr. Illescas also interacts with government officials on
issues relating to the treatment of foreign investment in the context of the international legal framework, and has considerable experience in dispute resolution and claim settlement negotiations under MIGA’s insurance policies and international law. Before joining MIGA, Mr. Illescas was an attorney and notary public with F.A. Arias & Muñoz, a Central American law firm, providing legal advice to leading multinational corporations on corporate, commercial and project finance deals in Central America. Mr. Illescas holds a Juris Doctor from Universidad Francisco Marroquín Law School, in Guatemala City, and an LL.M. in International Legal Studies from Georgetown University Law Center, USA. A citizen of Guatemala, Mr. Illescas, is
fluent in English and Spanish.
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Head of Project & Export Finance,
Odebrecht Investimentos em Infra-Estrutura
Felipe Montoro Jens is currently the Head of Project & Structred Finance of Odebrecht Investments in Infrastructure (“OII”), having worked at the Odebrecht Group (for 9 years) in the areas of Corporate Finance, Planning and Controlling in Brazil and abroad (United Kingdom and Singapore). Felipe has also worked at: (i) Terna S.p.A. (Enel Group S.p.A.) in Project Development and Structuring Finance, structuring national and international project financings (the two largest transmission lines in Brazil); (ii) Enron Corp. in Global Financing and Structured Operations in Houston, USA and (iii) Price Waterhouse & Coopers (“PWC”). Felipe holds a Bachelor´s degree in Business Administration from Fundação Getúlio Vargas – FGV/EASP (Brazil) and a Master in International Management (MIM) from Thunderbird, The American Garvin School of International Management, (USA). He is also a Chartered Financial Analyst – CFA Level 1.
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Managing Director, Head of Infrastructure Advisory, U.S. and Latin America,
Scotia Capital
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International Lawyer,
Sidley Austin LLP
NICOLAS LLOREDA focuses his practice on international business transactions, trade and investment policy and international dispute resolution. He has experience with mergers, acquisitions and foreign investment, as well as experience in international arbitration, intellectual property matters and trade negotiations. Mr. Lloreda also served as Director General of the Andean Community, the Free Trade area comprising Bolivia, Colombia, Ecuador, Peru and Venezuela. As Director General, he supervised the legal department, ensured compliance by Member States with Andean Community Law and prosecuted and defended cases before the Andean Court of Justice. Mr. Lloreda was also responsible for investment, intellectual property and government procurement and supervised the drafting of Andean Community legislation in these areas. His trade negotiations experience includes leading the legal team for the preferential trade talks with Brazil and Argentina, as well as participating in the negotiations for the Free Trade Area of the Americas (FTAA). Earlier, Mr. Lloreda spent four years with the Colombian Government Trade Bureau in Washington, D.C., where he served as Director of the Trade Bureau and Minister Counselor of the Colombian Embassy and was responsible for trade negotiations between Colombia and the United States. He also worked with the private sector on promotional activities for services, products and investment opportunities in Colombia. In 2006, Mr. Lloreda was appointed by the Government of Colombia as a mediator before the International Center for the Settlement of Investment Disputes (ICSID). Admitted only in New York and the Republic of Colombia; not authorized to practice law in the District of Columbia.
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José Martínez Sanguinetti, Chief Investment Officer,
Rimac Seguros
Mr. Sanguinetti runs a US$850 million investment portfolio for Perú's leading life and P&C insurance company. He has been involved in the financing, public offerings and potential acquisition of electricity distribution, generation and transmission concessions, gas pipelines, roads, ports and airports. Over the last 5 years, his division has produced over 20% returns on capital.
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Santiago Montenegro Trujillo, President,
Asofondos (Association of Pension Fund Administrators)
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Associate Principal,
McKinsey & Co.
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Director, Investment Funds,
Overseas Private Investment Corporation (OPIC)
Mr. Pearce is a Director in OPIC’s Investment Funds Department, where he manages the entire process - from pre-marketing to monitoring - of providing capital to qualified emerging market private equity fund managers. Prior to OPIC, Mr. Pearce was a Director with EMP Global, where for almost nine years he was closely involved with the investing activities of the AIG Asian Infrastructure Fund and AIG Asian Infrastructure Fund II. Mr. Pearce worked on and/or closed transactions with a total equity value of over US$560 million, where he managed, negotiated and executed transactions with leading foreign corporations - with a focus on India and South Korea - and served on the Boards of certain of the funds’ portfolio companies. Prior to EMP, Mr. Pearce focused on U.S. direct investments, having worked in the M&A/corporate finance group of W.R. Grace & Co., and with EXOR America, the private U.S. investment arm of the Agnelli family. Mr. Pearce also worked: in a line capacity with a portfolio company of EXOR, ICF Kaiser International; and as a High-Yield Bond Analyst with Oppenheimer & Co. Mr. Pearce received his MBA from the Darden School of Business, and his B.Sc.in Economics from the Wharton School.
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Investment Manager,
InfraBrasil
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Eduardo Ramos leads FSA’s effort in Mexico and the Latin-American region. His work involves analyzing and structuring a broad range of structured finance transactions, including asset – backed and residential mortgage – backed securities, and public infrastructure transactions. Since joining FSA in early 2006, he has focused on establishing FSA’s office in Mexico City and on the strengthening its presence in the Mexican market. In addition to the Mexican Market, he is also exploring several ABS and public infrastructure business opportunities in Latin-America especially Brazil and Chile.
Before joining FSA, Mr. Ramos was managing director of investment banking and corporate finance at Casa de Bolsa Banorte, where he was responsible for origination of investment banking transactions that were executed in the capital markets of Mexico and distributed to institutional investors in Mexico, the United States and Europe.
During his 17 year tenure at Casa de Bolsa Banorte, he led a number of groundbreaking transactions in the region, including a USD $200 million securitization of the Monterrey – Cadereyta highway in Mexico, which was awarded as “Infrastructure Deal of the Year 2004” by the Project Finance International magazine.
He holds a BS in Business Administration and a MBA in International Business from ITAM, in Mexico City. After earning his degrees, Mr. Ramos was also a part-time professor of Corporate Finance and International Business at ITAM, from 1992 – 1998.
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Gerente de Participacoes,
FUNCEF
Mr. Alberto Rosa us is the Participation Manager (Investment Officer) at FUNCEF – Fundação dos Economiários Federais and a member of the Board of Directors at Telemig Celular S.A. and Telemig Celular Participações S.A. Additionally, he is a member of Investments Committee of several private equity funds.
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Senior Director, Global Infrastructure and Project Finance,
Fitch Ratings
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Executive Director,
Schahin Group
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Ph. D. in Economics (University of California, Los Angeles, UCLA); B.A. in Economics (Instituto Tecnológico Autónomo de México, ITAM)
Main appointments:
International Monetary Fund
Executive Director (2004-2006); representing Costa Rica, El Salvador Guatemala, Honduras, Mexico, Nicaragua, Spain and Venezuela.
Ministry of Finance – Mexico (Secretaría de Hacienda y Crédito Público)
Minister’s Chief of Staff
Director General, International Financial Affairs
Central Bank - Mexico (Banco de México)
Director, Macroeconomic Analysis
Director, Economic Research
Manager and several other positions
Dr. Schwartz has been a Professor of Economics at ITAM and written articles on fiscal, financial and monetary policies, published in books, magazines and specialized journals.
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Lead Economist in Infrastructure for Latin America and the Caribbean ,
World Bank
Jordan Schwartz has been at the World Bank for 10 years, advising governments and designing projects related to infrastructure investments throughout Latin America, the Caribbean, East Asia, the Pacific Islands, Central Europe and Africa. Currently, he also heads the Economics Unit of the Sustainable Development Department.
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Managing Director,
Darby Overseas Investments, Ltd.
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Managing Director,
J. R. Sheppard & Company, LLC
Current Assignments:
Infrastructure Experts Group (initiated by the UN): Arranging capital markets financing for 1 – 2 developing-country infrastructure projects as part of a Demonstration Project financed by the Swiss Agency for Cooperation and Development
Government of Rwanda: working with Genesis Analytics, a South African consulying firm, to advise the Government of Rwanda with respect to a planned methane gas power project to be developed by a private sector firm pursuant to a government concession
Previous Assignments:
The World Bank:
Previous assignments for The World Bank: Consultant on structures to mitigate foreign exchange risk for electric power and water projects in developing countries (two separate assignments)
Consultant and part of mission to Kenya and Tanzania in June 2005 to survey infrastructure needs and determine the capacity of local banks and pension funds to provide long-term, local currency financing for infrastructure projects; wrote paper for the bank on infrastructure financing in Sub-Saharan Africa and co-authored shorter paper presenting results of the longer study
Working with Pricewaterhouse Coopers on an assignment for the World Bank concerning application of partial risk guarantees in the transport sector
Multilateral Investment Guarantee Agency: Worked with Pricewaterhouse Coopers to conduct an assignment that was part of MIGA’s five-year strategic planning process; responsible for conducting survey of the political risk insurance market for investment insurance (surveying private insurers, bilateral and multilateral agencies, and export credit agencies) and writing report summarizing findings and making recommendations for MIGA’s strategy
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Managing Director,
RogersCasey
As Chief Research Strategist, Cynthia Steer focuses on long term asset class trends and
program implementation. Cynthia also manages our fixed income research and is
responsible for the evaluation and monitoring of all U.S. and global fixed income
managers and products. She plays an active role in helping clients shape their fixed
income and emerging market programs including structure, strategies, manager selection,
and performance monitoring. Cynthia is a member of the Fiduciary Investment Review
Committee, which provides oversight for fiduciary clients. She is also a member of the
Investment Policy Committee, which reviews and approves capital market assumptions
and other similar investment policy issues. She chairs the Strategic Research Committee,
which discusses long term asset allocation in light of market trends and hosts a monthly
meeting on emerging markets.
Before joining the firm in 2002, Cynthia was the Chief Investment Officer for SBLIUSA.
Her job responsibilities included investment policy, manager selection, and asset
allocation. Prior to joining SBLIUSA, Cynthia was Vice President for Benefit
Investments at Philip Morris and Director of Pension Investments for United
Technologies where she was responsible for their global Defined Benefit and Defined
Contribution plans. She was also in-house consultant and Chief Investment Officer for
the City of Hartford. Cynthia graduated with a B.A. in Urban Studies from Smith College, a M.S. from The Bank Street School, New York, and a M.B.A. from The Wharton School, the University of Pennsylvania. She also serves both as a board and committee member for several local foundations providing advice on investments, investment process, and spending policy and is a member of the Lehman Index Advisory Board, the JP Emerging Markets Index
Advisory Board, and The Emerging Market Forum. She is a frequent speaker and has
appeared on CNBC and Bloomberg TV.
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Chairman,
Conduit Capital Partners, LLC
Scott Swensen is the Lead Investment Manager for the Latin Power Funds. Scott joined Scudder, Stevens & Clark (a predecessor company to Zurich Scudder Investments), in 1993 as Lead Investment Manager for Latin Power I. Before Scudder was acquired by Deutsche Bank AG, Mr. Swensen headed Scudder’s Special Investments Group that included Private Equity, Private Debt, Closed-End Funds and Hedge Funds. Before joining Scudder, he spent eleven years in corporate and project finance at the Chase Manhattan Bank and subsequently nine years at BNP Paribas. His final job at BNP Paribas was as a Managing Director supervising a number of groups, including energy and project finance in North and South America, energy futures brokerage and commodity derivatives worldwide. While at BNP Paribas, Mr. Swensen made a number of private equity investments and was the CEO of a $40 million company for five years. Mr. Swensen holds a B.E. degree in Mechanical Engineering (Heat and Power) with High Honors from Stevens Institute of Technology (Tau Beta Pi) and an M.B.A. (ABD) degree from New York University. He speaks Spanish and Portuguese. Mr. Swensen is certified by the IFC to determine a project’s compliance with World Bank environmental, safety and health guidelines.
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President & CEO,
Capital Innovations
Michael Underhill is Chief Executive Officer of Capital Innovations. Michael manages the diverse investment ideas within each discipline to provide a steady balance of risk and reward. He oversees the investment management process and is responsible for the quality and depth of research that is the hallmark of Capital Innovations.
Before founding Capital Innovations, Michael was a Managing Director at Capital Dynamics, a $28 billion private equity advisor based in Zug, Switzerland. Prior to Capital Dynamics, he served as Managing Director at Pacific Corporate Group (PCG), where he operated across direct fund investment, co-investment and the private fund investment management platforms.
Michael has served institutional investors for over 16 years. He has worked with some of the largest institutional investors in North America, Europe and Asia. Michael began his career as a quantitative research analyst for Lehman Brothers.
He has been published in the “2006 Institutional Investor’s Pension Fund Investment Guidebook”, 2007 Alternative Assets, PLC publications and a frequent speaker at industry conferences. Michael earned a BS in Economics from Pennsylvania State University, completed post graduate coursework at Pepperdine University, Universidad Del Salvador, and Stanford University Law School. Michael is Chairman and Founder of The Foundation for Behavioral Economics and Chairman of the Global Infrastructure Council, which are scientific research and educational non-profit foundations. He is also a member of the American Economics Association.
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Investment Officer- Structured & Corporate Finance Department,
Inter-American Development Bank
Susan Wermcrantz Davis is an Investment Officer in the Structured & Corporate Finance Department (SCF) of the Inter-American Development Bank (IDB) in Washington, DC. SCF provides loans and guarantees to private and subnational entities and public private partnerships that are developing projects in Latin America. Susan focuses on the financing of infrastructure projects, with an emphasis on the water and renewable energy sectors. Before joining the IDB in 2003, Susan worked in investment banking in Argentina and as a Project Finance Manager for Thames Water International in Brazil. Susan graduated from Northwestern University and has an MBA from the Wharton School of the University of Pennsylvania.
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Counsel,
Chadbourne & Parke, S.C.
Derek Woodhouse has a broad range of experience in the financing and development of infrastructure projects and in the upstream and downstream oil, gas and power sectors. Prior to joining Chadbourne & Parke, Mr. Woodhouse was based in London, U.K., advising public and private entities on energy and infrastructure projects in the UK, Northern Ireland, Russia, Romania, Hungary, Turkey, Algeria, Angola, Cambodia, the Philippines, Hong Kong, Canada, Mexico and Central America. Previously, Mr. Woodhouse worked for the Mexican Federal Government as legal advisor in the Energy Ministry and later in the Energy Regulatory Commission, where he advised on the liberalization of the downstream natural gas sector in Mexico and was later appointed General Director of the Power Sector Reform Unit. Mr. Woodhouse advised the Mexican Federal Government on the adoption of a new finance initiative, based on the UK’s PFI model, to allow private participation in the design, finance and operation of infrastructure projects traditionally reserved to the public sector (known as the PPS program). He also advised the Communications and Transport Ministry on the design and implementation of the first PPS road project to be put out for tender and is currently advising sponsors, lenders and government entities in other PPS projects.
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Managing Director,
Hydro Capital Corp
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