Moderator

Alessandra Donini is an Economist in the Regional Cooperation and Integration Division of the Economic Research and Development Impact Department (ERDI) at the Asian Development Bank (ADB), where she works on regional cooperation, financial integration, and financial stability issues in Asia and the Pacific.

Prior to joining ADB in 2026, she was a Senior Economist in the Financial Sector and Market Analysis Division at the European Stability Mechanism, where she led modelling work on bank resolution scenarios, contributed to country missions, and developed macro-financial frameworks for country risk assessment. She previously worked in the Financial Stability Department of the Central Bank of Malta, contributing to macro stress testing frameworks, IMF Financial Sector Assessment Program, and ECB stress testing working groups.

Her research focuses on financial integration, banking sector resilience, and the development of early warning models for crisis prediction. She holds a PhD in Economics from the University of Mannheim (Germany), a master’s degree in economics from University Pompeu Fabra (Spain), and a master’s degree in finance from the University of Brescia (Italy).

Presenter

Karlis Bauze is a Senior Financial Sector Specialist at the World Bank's Financial Sector Advisory Centre, specializing in non-performing loan resolution and corporate financial viability studies. He joined the World Bank in 2016. Previously, he served as a Policy Analyst at the European Commission (EC) in Athens, Greece. There, he represented the EC at the Hellenic Financial Stability Fund and collaborated with the International Monetary Fund and the European Central Bank on the Greek economic adjustment program from 2013 to 2015.

Prior to this, he headed the Monetary Policy and Financial Stability Department at the Bank of Latvia for five years, including during Latvia's financial crisis. His responsibilities included working in the Governor’s Office, representing Latvia on the Economic and Financial Committee of the European Union, contributing to Latvia's economic adjustment program, and working on financial stability.

Earlier in his career, he spent over 13 years working in financial markets, notably as Chief Dealer for reserve management in the Market Operations Department at the Bank of Latvia. He holds a Master’s degree in finance from the University of Latvia and has passed the CFA exam.

Panelist

Akbobek Akhmedyarova is Director of the Economic Modeling Department at the National Analytical Center, Nazarbayev University. She specializes in macroeconomic modeling and applied econometrics with a particular focus on using quantitative methods to understand economic developments and assess policy choices.

In this work, she has developed forecasting, macroeconometric, and DSGE models for Kazakhstan and other Eurasian economies and has contributed to projects for the World Bank, the National Bank of Kazakhstan, and GIZ. Her research has gradually expanded from macroeconomic and financial analysis to sector-specific questions in housing, healthcare, and energy. More recently, she has studied exchange-rate pass-through and pharmaceutical price regulation. 

Panelist

Irman Robinson serves as the Executive Director and Head of the Department of Macroprudential, Monetary, and Market Surveillance of Bank Indonesia, where he leads the banking supervision in Bank Indonesia. His primary responsibilities include integrating banking supervision on macroprudential, monetary, market, as well as payment system, and developing supervision framework and suptech. Prior to his current role, Mr. Robinson served as Director of the Macroprudential Policy Department, with primary responsibilities include formulating policies and regulations aimed at sustaining financial system stability and fostering initiatives to promote green transition within the banking sector. Mr. Robinson has more than two decades of professional experience spanning central banking financial institutions supervision and macroprudential policy, that provides him strong and deep knowledge of the financial system stability.

Mr. Robinson attained his bachelor's degree from the University of Indonesia and completed his graduate studies at the London Business School. Prior to joining Bank Indonesia, Mr. Robinson was a senior auditor at the Ernst & Young Indonesia. Over the course of his professional journey, he has been entrusted with assignments in various authorities and international organizations. Notably, from 2017 to 2020, he worked at the Monetary and Capital Market (MCM) Department of the International Monetary Fund (IMF), and actively participating in numerous Financial Sector Assessment Programs (FSAPs) as a stress tester and macroprudential policy expert. Preceding this, in 2013, he undertook a secondment as a frontline supervisor at the Australian Prudential Regulation Authority (APRA). Mr. Robinson is a Financial Risk Manager (FRM) holder and his professional proficiency centers on systemic risk and financial stability. He has several publications of the relevant topics, including macroprudential policy and climate risk.

Moderator

Myeong Kwon is a Regional Cooperation Specialist at the Regional Cooperation and Integration Division (ERCI), Economic Research and Development Impact Department (ERDI), seconded from the Korea Asset Management Corporation (KAMCO). She previously served as a manager at KAMCO, where she worked on resolving unsecured distressed assets, coordinating public auction policies with relevant stakeholders, and implementing support programs for small and medium‑sized enterprises (SMEs).

She holds a background in political science and economics and completed a Master’s degree in quantitative applied economics

Presenter

Minjae Song has spent more than two decades at KAMCO, Korea's sole public asset management company dedicated to non-performing loan resolution, working across the full spectrum of distressed asset management — from crisis-era workouts to today's market-building initiatives.

He currently leads a KOICA-funded project to develop an online platform facilitating NPL transactions in Vietnam, alongside KAMCO's broader international cooperation agenda of advisory work, training programmes and institutional partnerships. This builds on his earlier role operating oncorp.or.kr, a marketplace connecting distressed Korean companies with investors, and on structuring machinery-backed NPL purchases and a KRW 50 billion sale-and-leaseback programme to strengthen corporate balance sheets.

Internationally, he served as team leader of an ADB technical assistance project (TA 9320-MON) advising the Bank of Mongolia on establishing a public AMC, and as a lecturer and consultant in an EBRD capacity-building programme for a Kazakh financial institution. He earlier managed a USD 79 million cross-border NPL portfolio from Guangzhou, China, recovering 110% of the original investment.

He holds an MBA from the University of Notre Dame and a bachelor's degree from Sungkyunkwan University and has passed the U.S. CPA and CMA examinations.

Panelist

Yergaliyev Sanat Yergaliuly has been working in the structure of JSC "Problem Loans Fund" since 2015, having risen from a specialist to the Head of the project analytics and agency services division.

Currently, S. Yergaliyev is Head of the project analytics and agency services division of the Department of Claims and State Guarantees. He leads operations regarding asset acquisition—including the analysis of assets acquired by the Fund, the implementation of State Programs, project analytics within the Department's scope of financial rehabilitation and asset recovery—as well as the servicing of projects financed by non-state sources under state guarantees.

He ensured the implementation of the Mortgage Housing Loans/Mortgage Loans Refinancing Program, the Decree of the President of the Republic of Kazakhstan on writing off the debts of citizens of the Republic of Kazakhstan, and the Rules for the Payment of Compensation (Premium) on Individuals' Deposits Placed in the National Currency by developing documentation and reporting forms, monitoring compliance by banks with the Program conditions, and participating in National Bank of the Republic of Kazakhstan audits regarding second-tier banks' fulfillment of Program requirements.

He participated in the rehabilitation of the banking sector of the Republic of Kazakhstan through the acquisition of second-tier banks' assets and the subsequent administration of these projects, which provided substantial support to the agro-industrial complex of the Republic of Kazakhstan, preserved jobs, and maintained the stability of the country's economy.

Panelist

Karlis Bauze is a Senior Financial Sector Specialist at the World Bank's Financial Sector Advisory Centre, specializing in non-performing loan resolution and corporate financial viability studies. He joined the World Bank in 2016. Previously, he served as a Policy Analyst at the European Commission (EC) in Athens, Greece. There, he represented the EC at the Hellenic Financial Stability Fund and collaborated with the International Monetary Fund and the European Central Bank on the Greek economic adjustment program from 2013 to 2015.

Prior to this, he headed the Monetary Policy and Financial Stability Department at the Bank of Latvia for five years, including during Latvia's financial crisis. His responsibilities included working in the Governor’s Office, representing Latvia on the Economic and Financial Committee of the European Union, contributing to Latvia's economic adjustment program, and working on financial stability.

Earlier in his career, he spent over 13 years working in financial markets, notably as Chief Dealer for reserve management in the Market Operations Department at the Bank of Latvia. He holds a Master’s degree in finance from the University of Latvia and has passed the CFA exam.

Panelist

Santiago Casado Soriano has over 20 years of experience in real estate, investment & asset management, and financial services, he has consistently driven sustainable growth and transformation across the companies he has served. He has led large teams, championed innovation, and built long-term client relationships.

He began his career in real estate at Knight Frank before spending seven years at Savills, where he advanced through several roles and ultimately became Head of Portfolio Valuation within the Asset Valuation Department. In 2014, he joined Alantra’s newly established Distressed team, contributing to its growth and consolidation into a market leader.

In 2017, he moved to Copernicus, an asset management company for investment funds, where he supported significant business expansion, including entry into Italy and Peru. He later joined Deloitte to strengthen its Real Estate division, focusing on logistics and housing. In 2022, he became part of Intrum, managing the NPL division and working with major financial institutions such as Sabadell, Santander, CABK, BBVA, and SCF.

As Intrum’s Director of NPL for Spain, he oversaw a portfolio worth €15 billion and an annual revenue business of €80 million, while also serving on Intrum’s Global Operations Team to advance simplification and digitalization initiatives.

At IFC, Santiago overseas Distress Assets and Special Situations investments in South & Central Asia and Turkey.

He holds an EMBA from IESE, a Master’s degree in Corporate Finance & Investment Banking from IEB, and a Law degree from UAM.

Moderator

Li Chuanquan holds a PhD in Finance from Fudan University and an MA in British and American Literature from Tsinghua University. Currently, Dr. Li serves as General Manager and Chief Strategy Officer of Zhejiang Zheshang Asset Management Co., Ltd. He also serves as Dean of the Zheshang Asset Research Institute and Co-Dean of Zheshang Asset Management College.

Dr. Li has extensive management experience and a profound understanding of NPL management. In addition, Dr. Li serves as a postdoctoral supervisor at a postdoctoral research workstation, where he supervised the first postdoctoral researcher in China’s local AMC sector. Besides, Dr. Li has held key positions in various enterprises and financial institutions. Dr. Li also has extensive research experience in various fields including securities, trusts and asset securitization. He is recognized as one of the earliest scholars in the field of ABS research in China.

Presenter

Burkhard is Co-Founder, Director and Chief Technology Officer of Accuria Ltd., the London-based loan marketplace and analytics platform formerly known as NPL Markets Ltd. He leads the development of solutions for loan valuation and trading, credit portfolio management, and securitisation reporting.

Burkhard serves on the European Commission’s NPL Advisory Panel and has advised the Asian Development Bank and the World Bank on non-performing loan market efficiency and digital transaction platforms. He brings 13 years of international investment banking experience and 16 years as an entrepreneur. He has published research on the application of agentic AI to NPL due diligence, workout strategies, and credit modelling.

Previously, Burkhard co-founded Open Source Investor Services, a Dutch fintech company, where he advised major US and European financial institutions on loan data quality, valuation, and credit risk models. Earlier in his career, he was a Managing Director at Bank of America Merrill Lynch in London, responsible for arranging credit risk transfer transactions and NPL investments for financial institutions across Europe. He has structured several award-winning inaugural securitisations involving non-performing, project finance, aircraft, and shipping loans.

His expertise spans credit data, portfolio optimisation, risk and valuation modelling, non-performing loans, securitisation, and synthetic risk transfer.

Burkhard holds a PhD in Applied Mathematics and Theoretical Physics from the University of Cambridge.

Panelist

Evgenia Bogdanova has been serving as a Chief Executive Officer of the Astana Financial Service Authority (AFSA) since October 2024. AFSA is an independent, integrated regulator overseeing financial services and related activities in the Astana International Financial Centre (AIFC).

Evgenia Bogdanova brings over 25 years of experience in international financial markets. Prior to joining AFSA, from 2019 to 2024, Evgenia led Regulation & Compliance at the Astana International Exchange (AIX), supervising listing of financial instruments, market conduct of AIX trading members, developing the regulatory framework for AIX market participants and enforcing compliance. She also oversaw AIX Group’s corporate governance, risk management and internal audit functions, and played a key role in supporting AIX’s accession to the World Federation of Exchanges (WFE).

From 2007 to 2019, Evgenia headed the Legal Department and Group Corporate Governance function at investment bank Renaissance Capital, advising on international securities transactions, mergers and acquisitions and privatization.

Earlier in her career, between 2003 and 2007, she practiced law at international law firm White & Case, specializing in a broad range of securities products and cross-border capital markets matters, representing leading global investment banks, major corporations, sovereigns and funds.

From 1999 to 2003, Evgenia held various roles at, and subsequently headed, the department responsible for policymaking at the Russian Federal Commission for the Securities Markets, contributing to legislative reforms and cooperating with international development institutions such as EBRD and IFC to reform the Russian securities market and align securities legislation with international standards

Panelist

Adilet Danyshpan is the Executive Director at First Credit Bureau, overseeing business development, operations management, and the Govtech office. He brings more than 10 years of experience in financial infrastructure, credit bureaus, advanced analytics, product development, and digital transformation. His background includes building and commercializing data-driven products, leading cross-functional teams, developing client solutions, and managing strategic engagement with banks, regulators, state institutions, and international partners across CIS and global markets.

Panelist

Then Kian Foh is a highly experienced regional executive with over 20 years of leadership across banking, fintech, debt servicing, and non-performing loan (NPL) markets in Southeast Asia. He has successfully established and scaled businesses, operations, and servicing platforms across seven countries, with deep expertise in NPL acquisitions, portfolio pricing, collections strategy, and operational transformation. As former Group CEO and current Group Chief Revenue Officer of Collectius, he has led major revenue growth, turnaround initiatives, and regional expansion while building strong relationships with leading banks, financial institutions, investors, and regulators across the region. Recognised for combining strategic vision with hands-on execution, he is regarded as a trusted expert in building high-performance credit management and distressed asset platforms across Southeast Asia.

Panelist

Olga Ucoz is a Principal Banker at the European Bank for Reconstruction and Development (EBRD), where she focuses on investments and market development initiatives across the financial sector, with a particular emphasis on distressed assets, NPL resolution, and secondary market development. She has been actively involved in EBRD’s NPL sector work, including contributions to the EBRD NPL Monitor and related initiatives aimed at fostering more efficient, transparent, and investable distressed asset markets across the Bank’s countries of operation. 

Prior to joining EBRD, Olga Ucoz held senior finance positions at Dünya Varlık Yönetim A.Ş., one of Türkiye’s leading NPL investors and servicers, where she gained extensive hands-on experience in distressed asset acquisition, management, and resolution. She was also involved in a broad range of corporate restructuring and turnaround projects undertaken under the Reform Kurumsal platform, supporting financial and operational restructuring processes for corporates facing financial distress.

Combining practical experience in NPL investing, corporate restructuring, and development finance, Olga Ucoz contributes to market-building initiatives that strengthen distressed asset ecosystems, support corporate recovery, mobilise private investment, and enhance financial stability across emerging markets.