Barclays Bank plc

• “Securitisation of closed block of insurance enables Barclays to monetize value in Life Insurance Business” – Structured Finance International – 2003 Insurance Securitisation of the Year.

• Structured the merger and reorganisation of Barclay’s two closed life businesses (Barclays Life and Woolwich Life) in 2003 into one company with £8 billion of Assets Under Management and 1 million policyholders resulting in significant cost savings and operating synergies across the Life Division

• Led a unique £720 million refinancing programme programme involving a £400 million securitisation of “relevant regulatory surplus”, one of the few successful securitisations of a “closed book” undertaken by a Life Company in Europe in recent years. The refinancing generated significant economic capital benefits for the parent bank, Barclays plc.

• The Barclays structure required a very complex set of transactions including a novel reinsurance programme in order to pass the right to the emerging surplus and the value of that right out of the hands of the Life companies and into Barclays Bank.

• Conor structured the disparate legal, actuarial, corporate finance, regulatory, capital markets, taxation, and operational and economic value aspects of this transaction within highly challenging timescales. He has received considerable recognition and testimonials across Barclays for his work on this innovative project.

Australian Mutual Provident

• Developed with the AMP Board in 2002 a resilience and contingency planning programme covering actuarial, capital markets and regulatory arbitrage measures to improve solvency. This was often achieved through the use of “workshops” with Board Members and stakeholders.

• Delivered improvements in the FSA Return process to deliver one month’s timesaving. This was done through close collaboration with and input from the relevant business heads.

• Delivered strategies with the Chief Actuary for:

  • Solvency Monitoring and the appropriate focus for current market and actuarial conditions.

  • Determining the veracity of the regulatory solvency position in the light of declining equity markets.

  • Appropriate Investment, Capital Markets and Actuarial strategies for current market conditions.

CGNU

• Developed a programme to monitor Regulatory and Capital Market solvency and forecast trends in key performance indicators on a timely basis.

AXA Sun Life Asset Management

• Advised AXA and designed programme to deliver £50 million of annual synergies and divestitures following AXA’s £3.4 billion acquisition of Guardian Royal Exchange.

Nomura International PLC

• Deal experience includes acquisition of Angel Train Contracts (one of the privatised BR Rolling stock companies) for £700 million and the Phoenix Inns portfolio of 2,000 public houses for £1.3 billion.

• Drove all corporate finance aspects in the establishment of a £1 billion Buy-Out Fund focused on Nomura’s successful track record in acquiring and financing large-scale assets.

• Senior Banking Analyst and Credit Officer for Nomura’s proprietary trading activities, emerging market bond issuers and financial institutions entering the Bond capital markets. European Banking analyst for Nomura’s proprietary and non-proprietary trading activities.