NU GSPP Book Presentation: Risk, Recovery, and Empowerment: The Kazakhstan Bank Restructure Case Study

The Book Presentation “Risk, Recovery, and Empowerment: The Kazakhstan Bank Restructure Case Study” by Ms. Marcia Favale!

In February 2009, trying to navigate the financial crisis, the government of Kazakhstan took a decisive step in restructuring its three banks. Kazakhstan rejected the bailout strategy and rejected a bad bank/good bank framework. Risk, Recovery, and Empowerment is a qualitative, investigative analysis of this case of restructuring told by Marcia Favale, a finance partitioner with over 20 years of experience in emerging market investment banking and portfolio management.

About the Speaker:

Marcia Favale is the CEO of M.Favale-Tarter (a strategic consulting firm) and Blingby (a tech company). 

Prior to founding her own companies, she worked at Merrill Lynch in the High Yield department. 

She was a Managing Director at UBS London and a portfolio manager at Brevan Howard and Advent Capital Mgmt.

She was ranked the Top Emerging Market Credit Analyst by Institutional Investor Magazine (2006) and her Firm M.Favale-Tarter LLC was ranked alongside Lazard and UBS – CEE Restructuring Deal of the year and represented Kazakhstan at the Paris Club meetings in 2010.

Ms. Favale served as a Senior Advisor to the Prime Minister of Kazakhstan from 2009 to 2013. During this time, she led the restructuring of BTA Bank, Alliance Bank, and Temir Bank and developed the concept and framework of the People’s IPO, a privatization program designed to create a conduit of wealth for the people of Kazakhstan whilst developing the local capital markets. Since 2015, she has been working as an Independent Director at the Development Bank of Kazakhstan.

Ms. Favale has a BA from NYU (Political Science), an Oxford EMBA, and an Oxford MSc in Major Programme Management (MMPM). She teaches part-time on the MSc MMPM and is a Guest Lecturer on the private equity module at Said Business School, Oxford.

Date and time: Tuesday, November 29, 12:15 (GMT+6). 

Venue: Nazarbayev University, Block C3, Room #1.010

Language: English