Brexit – keep calm and carry on in A$ corporate bonds
Brexit means uncertainty. Uncertainty on its impact on the UK economy and uncertainty on whether it sets a precedent for others in the EU. And investment markets do not respond well to spikes in uncertainty. But what does it mean for Australian corporate credit risk? Next to nothing. Earnings and debt levels will barely, if at all, change due to Brexit. If A$ corporate bonds weaken notably as a result of Brexit, it improves their value.Investors should get ready to take advantage of this.
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Damien has around 25 years of experience in global credit markets. He has worked in Sydney, London, Hong Kong and Singapore. Much of Damien’s experience was gained from working with Credit Suisse both in Singapore and Sydney where he was Head of Asia Pacific Credit Research from 2004 – 2012. His experience captures a vast array of credit deals including mezzanine finance for both corporates and banks as well as highly structured finance facilities. In addition to Credit Suisse, Damien has worked in the credit team at AMP in Sydney, and led the credit research teams of ING Barings and Barclays Capital in Asia.
Damien holds a Masters of Business Administration from the University of Queensland, a Bachelor of Financial Administration from the University of New England and a Graduate Diploma in Applied Finance from the Securities Institute of Australia.
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Spectrum Asset Management
Damien has around 25 years of experience in global credit markets. He has worked in Sydney, London, Hong Kong and Singapore. Much of Damien’s experience was gained from working with Credit Suisse both in Singapore and Sydney where he was Head of ...
Expertise
Spectrum Asset Management
Damien has around 25 years of experience in global credit markets. He has worked in Sydney, London, Hong Kong and Singapore. Much of Damien’s experience was gained from working with Credit Suisse both in Singapore and Sydney where he was Head of ...
Expertise
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