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WFF Autumn Macro Economic Round-Up

Published October 18, 2024

The ‘WFF Macro Economic Round-Up’ is a series of macro-economic roundups. In this ‘WFF Autumn Macro Economic Round-Up’, the European WFF Committee has reached out to market leaders to share their views on certain current affairs which are bound to have an impact on the macro-economic in the near future, and by way of default, which will also shape the fund finance market as we head into the fourth quarter of 2024.

Due to the looming US elections due in November of this year, this ‘Macro Economic Round-Up’ has focused on the US market and how the outcome of events there could influence the global economy. The European WFF Committee would like to thank all of the contributors for taking the time to participate in this publication

Authors:

Ana Arsov

Managing Director, Global Head of Private Credit, and Global Co-Head of Financial Institutions | Moody's Investors Service

Ana Arsov is a Global Managing Director, co-heading the global banking rating franchise for Moody’s Investor Service which includes rating coverage for banks, securities firms, specialty finance and market infrastructure and directly oversees the ratings for non-Insurance, Financial Institutions issuers for North America. Ana joined Moody’s in 2013 with an extensive experience in analyzing financial institutions and managing credit professionals. Prior to her senior management role, Ana was the Managing Director responsible for the rating coverage for global investment banks, securities firms and specialty finance ratings. Ana is also a coauthor of Moody's rating methodologies for finance companies, securities firms and clearing houses, and also led the development of Moody's counterparty risk rating. Prior to Moody’s, Ana gained extensive experience in credit risk management at several large banks including as Executive Director in Credit Risk, responsible for financial institutions including North American banks, broker dealers, exchanges and clearinghouses for UBS. Also, she was Head of Global Portfolio Management-Credit Risk Management at Morgan Stanley, focusing on comprehensive coverage, identification and analysis of risks across the firm’s trading and lending businesses as well as leading key risk management initiatives for Morgan Stanley Bank N.A. Ana began her career in Credit Risk Management at Lehman Brothers in various credit risk roles, ultimately heading up the North American Financial Institutions and Structured Finance team, and subsequently worked on Lehman’s bankruptcy resolution. Ana holds a master’s degree in Management (with a specialization in Financial Services and Banking) from Boston University, and a bachelor’s degree in Business from Pace University, New York. Ana also holds certificate on board governance from Harvard Business School.

Managing Director, Global Head of Private Credit, and Global Co-Head of Financial Institutions Moody's Investors Service

Paul Diggle

Chief Economist | abrdn

Paul Diggle is abrdn's Chief Economist, leading the Global Macro Research team. He heads a team undertaking macroeconomic research and analysis, global economic forecasting, and political risk analysis, to drive better investment decisions. He has substantial experience as a market economist, and is a regular presenter with clients and the media. He also co-hosts a podcast discussing all things economics and politics called Macro Bytes.

Paul joined abrdn in 2015. He previously worked at Capital Economics, the leading macroeconomic forecaster, where he sat on the US and UK economics desks. He started his career at Volterra Partners, where he developed credit risk models for banks.
Paul graduated with an MA in Philosophy, Politics and Economics (PPE) from the University of Oxford, and went on to gain an MSc in Economics from Birkbeck, University of London
Paul is originally from Jersey, one of the Channel Islands which sit off France. He has also lived in Cyprus, Germany, and Ireland. After a stint in London, he is now settled in Edinburgh, Scotland, with his young family.

Chief Economist abrdn

Dee Dee Sklar

Co-Chair | Women in Fund Finance

Dee Dee Sklar is a Board and Advisor Candidate. As a senior banking executive with global experience in banking and alternatives, she has managed global businesses providing financing and other solutions to private equity firms, portfolio companies, and asset managers across three international banks. Dee Dee retired from her role as Vice Chair, Subscription Finance at Wells Fargo. She is the current Global Co-Chair of Women In Fund Finance and is a part of the Fund Finance Association’s business development initiatives. She is a member of the Cerberus Operating and Advisory Company Competitiveness Council , 17Capital’s Strategic Advisory Board and Tealbook’s AI Supply Chain Technology’s Business Advisory Board.

Co-Chair Women in Fund Finance

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