Mike Nawas, ABN Amro
|Name: Mike Nawas|
Institution: ABN Amro
Date promoted: October 2004
Title: Global head of fixed income capital markets
Previous job before promotion: Global head of asset securitisation
Years in capital markets: 16
First job in capital markets: Analyst, head office, ABN Amro
Favourite deal worked on: Atomium (Eu3bn deal involving the purchase of mortgages from the Belgian government)
Family: Married with three children
Lives in: St Albans, Hertfordshire, UK
Heroes: Jesus Christ, Albert Einstein, Igor Stravinsky
Mike Nawas became global head of fixed income capital markets at ABN Amro in October 2004, the latest in a rapid sequence of promotions at the Dutch bank.
Indeed, few people in the capital markets have had such a quick rise up through the ranks as Nawas has. Starting his banking career at ABN in 1989 as an analyst in its head office in Amsterdam (he is one of those rare commodities in the banking world — a one firm man) he gained experience in a number of areas such as planning and control, commodity finance, relationship banking and asset backed securities. It was the last of these products that Nawas developed a passion for: working in the business for the whole of the 1990s, landing the job of European head of asset securitisation in 2001, followed by a further promotion in 2003 to global head of asset securitisation.
Nawas's new job sees him running the debt side of the bank's capital markets business which is made up of debt capital markets, run by Justin May (qv), the leveraged finance high yield business, asset securitisation, the financial engineering business (tax-driven products), the emerging markets business (bonds and loans) and the bank's financial markets advisory activities.
One reason for Nawas's promotion is to develop more structured finance within all the bank's fixed income businesses. "Structured finance is one of the acknowledged fortes of ABN Amro — it is a real growth area in the bank," says Nawas.
"My role involves trying to build more of that structured finance business within each of the areas under my responsibility. It is a really exciting area. A lot of clients are in transition, the banks are in transition and the investor bases are in transition. It is a really interesting time and structured finance is playing a key role in the way the markets are changing."
Nawas, who has a masters and PhD in economics from Tilburg University, reports to Alexandra Cook, head of global clients business.