CMCAS Credit Exchange 2020 Speaker Bios



Session 1: Emerging Markets: Credit Implications for the Unprecedented Pandemic 


Deborah Papson, Managing Director, Head of Credit Risk - Latin America & UHNW Americas, Credit Suisse

Deborah Papson heads Credit Risk Management for Lat Am Region at Credit Suisse. She joined Credit Suisse in 2017 from JP Morgan, where during her 24 year tenure she held various management positions within Investment Banking and Global Wealth Management. Her career spans over 34 years covering Lat Am region, with specialization in Credit Markets. She holds a degree in Economics and an MBA.


Trieu Pham, Emerging Markets Sovereign Debt Strategist, ING

Trieu Pham is an emerging market Debt Strategist primarily responsible for hard currency sovereign debt. He joined ING in April 2018, having worked at MUFG Bank before as a CEEMEA credit strategist. He holds a Masters degree in Finance from Universidade Nova de Lisboa.


Joydeep Mukherji, Managing Director, Sector Lead Americas Sovereign Ratings, S&P Global

Joydeep Mukherji is a Managing Director at S&P Global. He is currently the sector lead for Sovereign Ratings in the Americas.


Joydeep joined the Sovereign group of Standard & Poor’s in 1996 and has worked with credit ratings in Asia and the Western Hemisphere.


Before joining Standard & Poor’s, Joydeep worked for five years in corporate and investment banking in Canada with CIBC Wood Gundy, working mainly with asset

securitization. He has also worked as an economic consultant to the Asian Development Bank in the Philippines and briefly as a financial journalist with the Globe and Mail in Canada. After graduation, he worked as an Intern in the Legislative Assembly of Ontario, and subsequently as an aide to the Treasurer of Ontario.


Joydeep received his bachelor of arts degree in Economics from the University of Toronto and his master’s degree in Public Policy from the Woodrow Wilson School of Public and International Affairs at Princeton University. He speaks French, Spanish, and Bengali.


Session 2: LIBOR: 2021 the Year of Transition


Jason Granet, Managing Director and Head of LIBOR Transition, Goldman Sachs

Jason is responsible for leading the firm's London Inter-bank Offered Rate (LIBOR) transition effort. He is a member of the Alternative Reference Rate Committee, which is the public-private sector working group to help ensure the market's successful transition to alternative rates, and a member of the Commodity Futures Trading Commission Market Risk Advisory Committee’s Interest Rate Benchmark Reform Subcommittee.


Prior to assuming his current role, Jason was deputy head of Liquidity Solutions for Goldman Sachs Asset Management (GSAM). From 2010 to 2017, Jason was head of International Liquidity Portfolio Management for GSAM, responsible for the management of international liquidity portfolios. From 2007 to 2010, he was cohead of the Secured Funding team on the Central Funding desk for the Investment Management Division. Prior to that, Jason

worked in the portfolio and risk strategy group of GSAM’s Fixed Income team from 2004 to 2007. Before joining GSAM, he was an analyst in Fixed Income Operations. Jason joined Goldman Sachs in 2000 and was named managing director in 2012.


Jason was recognized by Financial News as one of the “FN 40 Under 40 Rising Stars of Asset Management” in 2013 and 2014. Jason serves on the Board of Trustees of Fairy Bricks.


Jason earned a BA in Economics from the University of Michigan in 2000.


William Riordan, Assistant Vice President, Markets Group, Federal Reserve Bank of New York

William Riordan is an Assistant Vice President and Policy Advisor in the Money Markets directorate on the Open Market Trading Desk at the Federal Reserve Bank of New York.


The Money Markets directorate is responsible for monitoring and analyzing developments across a wide range of U.S. dollar money markets, with an emphasis on providing information to policy makers on developments relevant to monetary policy implementation. The directorate also is responsible for the production of the New York Fed's five daily reference interest rates.


In addition to being involved in the production of reference interest rates, Will has contributed to the New York Fed's support of reference rate reform efforts. Since 2014 this has included working with the Alternative Reference Rates Committee-a group of private-sector market participants tasked by the Federal Reserve with identifying alternatives to U.S. dollar LIBOR and ensuring the successful transition away from U.S. dollar LIBOR to the Secured Overnight Financing Rate (SOFR).


Will has a B.A. in Economics and International Relations from Tufts University and a M.S. in Economics from the University of Wisconsin-Madison.



Jonathan Wu, Managing Director and Head of Macro Market Risk Oversight, Wells Fargo

Jonathan Wu is a Managing Director and Head of Macro Corporate Market Risk Oversight for Rates Trading, Foreign Exchange, Commodities and XVA Trading at Wells Fargo Bank. He currently chairs Market & Counterparty (MCRM) Risk IBOR Transition Working Group and collaborates closely with the firm’s Libor Transition Office. The MCRM IBOR Transition WG is responsible for the knowledge sharing, LIBOR exposure reporting, and high level coordination of transition efforts across horizontal groups within MCRM.


Jonathan has been with Wells Fargo since 2007 and he leads a team responsible for monitoring, reporting, and managing the interest rate, FX, and commodity market risk & counterparty credit risk. Prior to joining Wells, Jonathan held positions at Bank of America and Bloomberg LLP. He is a certified Financial Risk Manager (FRM), a CFA charter holder, and a member of RMA.


Session 3: Ratings Migration


Katherine Falconi, Managing Director, Regional Credit Officer for the Americas, Fitch Ratings

Katie Falconi is Managing Director, Regional Credit Officer for the Americas, based in New York. She joined Fitch in 2017.


From 1999 to 2014, Katie was a Vice President with Goldman, Sachs & Co. She began her career in the firm’s Credit department covering sovereigns, commodities, and Latin America corporates, and was chief credit officer for Goldman Sachs do Brasil. She co-led development of the firm’s global credit stress testing framework, used for both regulatory and management-driven scenario analyses. Katie was a founding member of Goldman Sachs’ counterparty risk group, launched in 2010, helping to lead implementation efforts surrounding Basel III, Dodd Frank, and related risk monitoring initiatives.


From 2014 to 2017, Katie was Head of the Risk and Research department for Farm Credit Banks’ Funding Corporation, with responsibility for Enterprise Risk Management and stress testing.


Katie received an AB in political science and Latin American studies from Duke University.


David Carruthers, Head of Research, Credit Benchmark

David is responsible for developing and enhancing the Credit Benchmark dataset. He previously held roles at Markit Securities Finance, including most recently as Managing Director, and as Head of Quant Research at Data Explorers. Prior to this he held senior roles at risk consultants Barrie & Hibbert (now part of Moodys) where he was responsible for fixed income and equity portfolio risk analysis, and in portfolio management with Pimco and Murray Johnstone. David holds a PhD in Econometrics from Glasgow University and is a member of the CFA Institute.


Session 4: Networking in Virtual Breakout Rooms