The financing of EFSI and the link between these and other ... EFSI.pdfThe financing of EFSI and the...

The financing of EFSI and the link between these and other investment funds ________________________________________________________________________________________

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TABLE OF CONTENTS

WORKSHOP PROGRAMME 3

BIOGRAPHIES OF SPEAKERS 6

PRESENTATIONS Presentation by Prof. Carlo Secchi

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Policy Department D: Budgetary Affairs __________________________________________________________________________________________

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WORKSHOP PROGRAMME


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WORKSHOP ON

THE FINANCING OF THE EUROPEAN FUND FOR STRATEGIC INVESTMENTS (EFSI) AND THE LINK

BETWEEN THESE AND OTHER INVESTMENT FUNDS

Organised by the Policy Department D on Budgetary Affairs

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Rapporteurs: Messrs. José Manuel Fernandes and Udo Bullmann

Chairs: Messrs. Jean Arthuis and Roberto Gualtieri

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Wednesday, 8 February 2017 16:00 - 18:30

European Parliament, Brussels Altiero Spinelli Building, Room ASP 5G3

DRAFT WORKSHOP PROGRAMME

16:00 - 16:20 Opening remarks and Introduction

16:00 - 16:10 Opening remarks Mr Jean Arthuis, MEP,

Chair of the Committee on Budgets

Mr Roberto Gualtieri, MEP, Chair of the Committee on Economic and Monetary Affairs

16:10 - 16:20 Introduction by Mr Udo Bullmann, MEP

Member of the Committee on Economic and Monetary Affairs and rapporteur for the event

Mr José Manuel Fernandes, MEP, Member of the Committee on Budgets and rapporteur for the event


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16:20 - 17:10 Presentations

16:20 - 16:30 Prof. Carlo Secchi, Commission TEN-T coordinator

16:30 - 16:40 Mr José Fernando Figueiredo, Executive President of the Instituição Financeira de Desenvolvimento

(IFD)

16:40 - 16:50 Mr Bernhard Sagmeister, Chairman of the European Association of Guarantee Institutions (AECM)

16:50 - 17:00 Ms Katarzyna Dziamara-Rzucidlo, Managing Director, Regional Development Financing Institute, Poland

17:00 - 17:10 Ms Zsuzsanna Hargitai, Director, EU Funds Co-Financing & Financial Instruments at the EBRD

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17:10 - 18:10 Debate

Questions & Answers and general debate

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18:10 - 18:30 Conclusions and Closing remarks 18:10 - 18:20 Concluding remarks Mr José Manuel Fernandes, MEP, Member of the Committee on Budgets and rapporteur for the event

Mr Udo Bullmann, MEP Member of the Committee on Economic and Monetary Affairs and rapporteur for the event

18:20 - 18:30 Closing remarks Mr Roberto Gualtieri, MEP, Chair of the Committee on Economic and Monetary Affairs

Mr Jean Arthuis, MEP, Chair of the Committee on Budgets

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BIOGRAPHIES OF SPEAKERS


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Prof. Carlo SECCHI, TEN-T Coordinator, European Commission

Previous assignments 1970-1972 Researcher at Netherlands Economic Institute of Rotterdam 1970-1983 He taught at the Universities of Milano, Sassari and Trento, where he directed the Department of Economics 1983-2011 Professor of European Economic Policy at Bocconi University in Milan 1978-1999 Visiting professor at Erasmus University of Rotterdam (1978), the HEC in Paris (1988-1990), the Wirtschaft Universität of Vienna (1991) and the Centre for European Studies of Chulalongkorn University in Bangkok (1999) 1988-1993 Vice-President of CEMS - The Global Alliance in Management Education (formerly the Community of European Management Schools and International Companies) 1990-1993 President of the European Association of Development Research and Training Institutes 1994-1996 Member of the Italian Senate in the XII Legislature 1994-1999 Member of the European Parliament in the IV Legislature and Vice-President of the Economic, Monetary Affairs and Industrial Policies Committee 2000 Member of the High level group of the European Parliament for the reform of the Statute and financial treatment of the Members of the European Parliament 2000-2004 Rector, Bocconi University in Milan 2002-2016 Chairman of the Italian Group of the Trilateral Commission 2013-2014 Chairman of the high-level group on Business services (European Commission – DG Internal market – DG Enterprise). Current tasks

• Professor Emeritus of European Economic Policy at Bocconi University in Milan • Member of the board of Mediaset • Vice-President, Institute of International Political Studies (ISPI), Milan • Member of the Board of "Alcide de Gasperi" Foundation, Rome • Member of the Board of “Veneranda Fabbrica del Duomo di Milano” • Member of the CNR Research Ethics and Bioethics Committee.


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As to his research activities, he was/is a consultant to various national and foreign research institutes and universities, to Italian public Institutions (including CNR – the Italian National Research Council) and to the European Union. He was appointed as TEN-T Coordinator from July 2009 to December 2013, in charge of Priority Project 3 and Priority Project 19 between France, Spain and Portugal, and chaired the Expert Group on TEN-T financing that contributed to the revision of TEN-T and the launch of the Connecting Europe Facility. On March 12th, 2014 Professor Secchi was appointed European Coordinator for the TEN-T Atlantic Corridor.

http://inea.ec.europa.eu/en/ten-t/ten-t_projects/30_priority_projects/priority_project_3/priority_project_3.htmhttp://inea.ec.europa.eu/en/ten-t/ten-t_projects/30_priority_projects/priority_project_3/priority_project_3.htmhttp://ec.europa.eu/transport/themes/infrastructure/ten-t-guidelines/corridors/atlantic_en


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Mr José Fernando FIGUEIREDO, Executive President of the Instituição Financeira de Desenvolvimento (IFD)

• José Fernando Figueiredo is from the 1st January 2015 the Executive President (CEO) of IFD – Instituição Financeira de Desenvolvimento, the Portuguese SME Promotional Financing Institution.

• Special Honorary Chairman of AECM, with the responsibility for the Relations of AECM Outside

of Europe, he was Chairman/President of this international organization from 2007 to 2015. AECM –European Association of Guarantee Societies, is the European Association of credit guarantee entities, a non - profit organisation, based in Brussels, representing 42 members from 21 countries of the EU as well as Russia, Turkey, Bosnia , Montenegro and Kirgizstan. AECM members have a total portfolio of around 82 billion € in guarantees, helping around 3 million European SME and entrepreneurs getting access to credit financing to develop their investment projects or to support their business activities.

• Co-founder of REGAR, the IberoAmerican Network of SME Credit Guarantee Organisations, and

Member of the Consulting Council of ALIGA, the Latin American Guarantee Institutions Association.

• He is the Chairman of SPGM, the holding of the Portuguese Mutual Guarantee Scheme that

manages the public counterguarantee mechanism (around 1,3 billion euros in own funds), a tool that partially guarantees the guarantees issued by the MGS and deals with the public agencies and the European Investment Fund -EIF, also acting as back-office to all the entities in the Portuguese Guarantee Scheme.

• He is Member of the "Working Party on SME group" from OECD, representing AECM. • Alongside with guarantee activities José was also involved in the VC business as Chairman and

partner of 2BPartner VC, a small Venture Capital firm running a start up fund, till the end of 2014, and was one of the founders of Invicta Angles, the Porto Business Angels Network.

• Till the end of 2014, he was founder, Chairman and Executive President of Norgarante,

Lisgarante, Garval and Agrogarante – the four Mutual Guarantee Societies (MGS) in Portugal - with a total equity base of around 300 million euro and an outstanding portfolio of 3,4 billion euro in guarantees (6,5 billion in credits), managing more than a 150 thousand files. These guarantees helped the more than 80 thousand SME that are shareholders (mutuals) of the MGS to get access to credit financing for above 20 billion euro since foundation.


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• He is Member of the Task Force for the Design, Implementation and Evaluation of Public Credit Guarantee Schemes for Small and Medium Enterprises, created in an initiative of the World Bank and the First Initiative, as representative of Europe.

• He was Member of the 4 Independent Experts Group that evaluated the main EU Financial Programme aimed at supporting Innovation (RSFF), proposing measures for its successor, the Horizon 2020.

• José started his career at Inter-Risco, at the time a joint Venture between the British VC 3i and

BPI, one of the leading investment banks in Portugal, later he became member of the Board of IAPMEI – Portuguese Small and Medium Sized Enterprises Agency, responsible for all the Financial Instruments and was Chairman and Executive President of PME Investimentos - one of the major Portuguese Venture Capital and Private Equity Companies.

• José’s family business is in the wine sector. • José acts regularly as International Adviser for several governments and international

organisations. • He holds a 5 year degree in economics and the frequency of a master in industrial economics. • Also was an invited professor at Fernando Pessoa University in Porto.

• Likes travelling, music&dancing, wines, networking, nature, running, sailing and football

(especially FC Porto and Portugal National Team). Loves his family and friends.

Porto, Portugal, January 2017


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Mr Bernhard SAGMEISTER, Chairman of the European Association of Guarantee Institutions (AECM)

Since June 2015 Bernhard Sagmeister is the Chairman of AECM, the European Association of Guarantee Institutions, which has 41 members operating in 21 EU countries, Bosnia and Herzegovina, Serbia, Russia and Turkey. Since July 2009 Bernhard Sagmeister serves as Managing Director of Austria’s Federal Promotional Bank ”Austria Wirtschaftsservice GmbH” (aws) and the ERP-Funds (European Recovery Program). Furthermore, he chairs the “aws Venture Funds” and Austria’s “National Foundation for Research, Technology and Development” (NFTE). Bernhard Sagmeister draws on over 20 years of professional experience in the financial and banking industry. From 1994 to 2003 he held various management positions at Kommunalkredit, until he became CEO of Kommunalkredit Public Consulting (KPC) in 2003. Likewise, he has been Executive Director of Austria’s “Environmental and Water Management Fund” for over 6 years. In addition, he gained 3 years of international experience during his posting as CEO at Kommunalkredit Public Consulting in Russia. Being a graduate of Vienna’s University of Natural Resources and Life Sciences (MSc. – Environmental Engineering and Water Management) Bernhard Sagmeister was assigned at different consulting firms, responsible for projects related to structural engineering and urban water management. In addition to his current appointment at AWS Bernhard Sagmeister is affiliated to the supervisory board of the Austrian Bank for Tourism Development (ÖHT), member of “Austria´s External Economic Relations Advisory Board” (Federal Chamber of Commerce, Austria) and board member of Austria’s “Water and Waste Management Association”.


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Ms Katarzyna DZIAMARA-RZUCIDLO, Managing Director, Regional Development Financing Institute, Poland

Katarzyna Dziamara-Rzucidlo – is an expert in structuring Financial Instruments within European Funds, including blending with other sources of public and private financing on all levels of the instrument. She is also specializing in sustainable impact investments in areas of energy efficiency and renewables, circular economy, integrated urban development and innovation. She worked with International Financial Institutions in the Ministry of Finance and National Bank of Poland, inter alia, restructuring international and European agenda of the Minister after accession to the EU. Katarzyna represented Poland in the Board of Directors of European Investment Bank as well as in the Administrative Council of Council of Europe Development Bank. She held a position of the JESSICA Holding Funds Manager – Central Europe in the European Investment Bank structuring interventions from the first EU structural funds’ Financial Instruments. Active participant of EU working groups on Financial Instruments and other aspects of the ESIF 2014-2020 regime. For 2 years Director in PwC Poland she was a leading expert for pilot analyses and reports, including first Polish ex-ante assessment for Financial Instrument set up on national operational programme for the ESIF 2014-2020, potential of emissions’ reduction within main 17 sectors of Polish economy and co-author for the first independent evidence based analysis of deep retrofitting potential in Polish buildings sector. Animator and leader of the PwC EU advisory in CEE Region initative. At present, Katarzyna advises the Polish National Fund for Environmental Protection and Water Management in preparation for the ESIF 2014-2020 implementation both for grants as revolving systems and in restructuring overall Funds’ interventions portfolio.


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Ms Zsuzsanna HARGITAI, Director of EU Funds Co-Financing & Financial Instruments at the EBRD

Having joined EBRD in 1992, Ms Hargitai has worked in various positions at EBRD, including as country manager in the Western Balkans, Hungary and Croatia. Recently, she led country strategy co-ordination and results management. As of April 2016 she is tasked to identify, in EBRD’s 12 EU member states, investment, advisory and technical assistance opportunities under EU financing facilities, including the European Structural and Investment Funds and related financial instruments. She is also in charge to lead and coordinate the design of EU-supported financial instruments across EBRD’s countries of operations.


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PRESENTATIONS


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Presentation by Prof. Carlo Secchi


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NOTES __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________

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