REBECCA D.

CLARKE
365 West End Avenue c Apartment 2F c New York. NY 10024 c C: (917) 992-5473 c rc
ff7e10@westpost.net
SENIOR CORPORATE & EMERGING MARKETS ANALYST
Track record of success in emerging markets credit research, economic analysis,
investment management, and global asset management for leading Wall Street firms
and international banking institutions.
Leverage world-class best practices in sovereign and corporate credit risk analy
sis to assess cross-regional and cross-asset class relative values, compare regi
onal valuations and credit trajectory. Excel in identifying meaningful economic
events and predicting potential impacts on specific asset classes and market seg
ments. Lead from position of consensus building, employee engagement, and profe
ssional development. Fluent in Spanish; proficient in French and Portuguese.
Developed Emerging Markets as a sector for credit and sovereign allocations wit
h fundamental credit analysis, risk-reward and attribution, and development of c
redit and sovereign portfolio strategy.
Elevated recovery values on current market price on distressed bonds, leading
to ~66% recovery on settlement by negotiating multi-year settlement for bondhol
ders in multi-creditor liquidation of mid-size Argentine commercial and retail b
ank as Chair of Medefin Bondholders Committee.
Achieved 16% average annual return for five years by co-managing EM Plus 500 Fu
nd and working with partner to launch event-driven positioning strategy around B
rady asset issuance, NAFTA legislation, and other major Emerging Market events.
CORE COMPETENCIES
Fundamental & Relative Value Analysis Quantitative & Qualitative Credit Researc
h Investment Strategy
Valuation, Risk & Return Analysis Macro/Micro Economic Analysis Credit & Risk
Management Financial Modeling Sales & Trading Support Presentations & Negotia
tions Country Risk Analysis Legal, Regulatory & Accounting Policies Team Lead
ership
PROFESSIONAL EXPERIENCE
First State Investments Hong Kong Ltd. c Hong Kong 2006 V 2010
Hong Kong asset management and investment subsidiary of Colonial First State Inv
estments, Australias largest asset management firm, and subsidiary of Commonweal
th Bank of Australia, Australias largest bank.
Senior Manager, Credit Analysis
Led up to four-member, Hong Kong-based credit group. Covered EM and Asian corpo
rate and sovereigns including all Latin American issuers except Chilean issuers.
Provided primary credit and strategy support for IG, sovereign, and emerging m
arkets corporate portfolios with US$40B in AUM. Partnered with portfolio manager
s to formulate High Grade, EM corporate, and sovereign strategy and conduct rela
tive value analysis across IG and EM space. Conducted quantitative and qualitati
ve credit research, macro economic analyses.
Recognized for contributing to EM, Asian and global bond strategy, performing o
ngoing credit assessment, and demonstrating strong client-facing skills, keen se
nse of market and pricing, and excellent knowledge of Emerging Markets as an ass
et class.
Guided firms investment strategy in Emerging Market countries for EM and Asian
bond funds by developing EM markets sovereign credit process that included macro
economic model and political scoring system and covered new Latin American and A
sian corporate issuers.
Played key role in selling less liquid Latin corporate securities, repositionin
g Latin issues, and reducing/eliminating local currency portfolios outside of As
ia by advising risk reduction process in EM corporate and Asian corporate portfo
lios around Global Financial Crisis.
Broadened EM coverage by traveling to Argentina and Brazil to meet with corpora
te issuers and government officials,to support launch of local currency investme
nts coordinating weekly EM bond meetings, and providing EM sovereign research a
nd corporate credit support for all EM corporate credits covered.
Brown Brothers Harriman & Company c New York, NY 2002 V 2005
Nations oldest investment bank, founded in 1818, offering investment banking ser
vices to institutional and retail U.S.-based clients.
VP/Sector Manager, Emerging Markets c 2003 V 2005
Produced credit research, fundamental, and quantitative analyses to evaluate cor
porate IG, sovereign, and emerging markets issuers in US$459 million Internatio
nal portfolio and US$100M EM asset portfolio. Utilized skills in relative value,
corporate/sovereign research, and risk management to work with credit traders i
n broadening scope of coverage to include sovereign and corporate issues in Lehm
an (now Barclays) Aggregate Index. Partnered with International Portfolio team t
o review corporate and sovereign European, Latin American, Asian, and supranatio
nal issuers. Contributed to quantitative attribution analysis and development of
investment strategy and reported on Emerging and International markets, encompa
ssing credit, strategy, economic risks, individual issuer pricing, and relative
value analysis, for weekly client presentations, investment strategy meetings, a
nd consultant presentations.
Doubled international portfolio holdings over two-year period by successfully d
iversifying portfolio, partnering with international portfolio and credit portfo
lio managers to introduce new issues into credit index, and building capacity to
cover these new credits in Mexico, Brazil, Chile, and Asia, as well as explorin
g Asian markets and introducing non-reserve currencies.
Developed comprehensive, centralized credit risk measurement methods, including
analysis and documentation of credit exposures in municipal, corporate, high yi
eld, international, and emerging markets sectors.
Created and introduced sovereign credit methodology, plus international corpora
te and bank credit methods that included review of foreign accounting standards,
regulatory environments, foreign country and currency risk assessment, and comp
arative relative value analysis.
Led team to successfully de-risk high yield portfolios, minimize tracking error
s, and maintain attribution analysis accuracy and strength by modeling new asset
classes and exposures, including derivatives and Itraxx indices.
Director/VP, U.S. Investment Grade Credit c 2002 V 2003
Led team of six credit analysts to develop credit and relative value recommedati
ons for $1.2B corporate and municipal portfolio. Presented firms views on fixed
income credit to consultants, institutional investors, and retail relationship m
anagement team. Partnered with Head of High Yield Credit to form investment stra
tegy for domestic industrial, bank, and corporate/municipal issuers, as well as
international issuers.
Independent Consultant c New York, NY 1999 V 2001
Investment Consultant & Financial Analyst
Recruited by The Weston Group to lead committee activities for Trust in Medefin
Bank liquidation initiated at Donaldson, Lufkin & Jenrette.
Contracted with Capital Risk Management Advisors to develop
p valuation model and pricing bid/ask spread histories for Emerging Markets hed
ge fund portfolio.
Donaldson, Lufkin & Jenrette c New York, NY 1996 V 1999
VP/Senior Corporate Analyst, Emerging Markets Group
Recruited to support US$5B trading and portfolio assets by teaming with strategi
st and macroeconomist to provide meaningful financial research and analysis. Tea
med with Investment Banking, High Yield and Distressed desks sales and trading g
roups on Latin Corporate Bonds and Emerging Markets corporate credit new issues,
strategy, and risk.
Orchestrated successful liquidation of bank in default under questionable circu
mstances as Chair of Banco Medefin Bond Holders Committee.
Recommended investments in privatization assets in Brazilian telecom and media
securities that delivered more than 20% ROI.
Developed high performing portfolio of Argentine bonds and equities in conjunct
ion with Argentine traders and local office representatives.
Played key role in winning co-mandate for $300M high-yield issue by Mexican cor
poration in automotive sector as member of deal team participating in Senior Man
agement Credit Committee reviews.
Additional Experience
Contractor V United Nations: Completed country profiles for United Nations annua
l review.
VP/Director of Research V The Weston Group in New York, NY
Manager, Investment Management & Advisory Group V West Merchant Bank Ltd. in Lon
don, England
Asset/Liability Analyst V Bank Leumi Trust Company in New York, NY
Consultant/Financial Advisory V Morgan Guaranty Trust Company in New York, NY
Dealer, Treasury & Investment Division V Bank of Bostons Eurodollar Trading Unit
in Boston, MA
Associate, Global Credit Training Program V Chase Manhattan Bank in New York, NY
CREDENTIALS & SKILLS
Master of International Affairs Columbia University V Graduate School of Intern
ational & Public Affairs
Concentrations in International Finance & Banking and International Business, Re
gional Specialization in Latin America
Bachelor of Arts in Anthropology V magna cum laude Columbia University V Barnar
d College
Chase Manhattan Banks Bank Credit Training Program FINRA Series 7 and 66 HKFSC
Series 1, 4, and 9
Member, New York Society of Security Analysts (NYSSA)
Black Rock Galileo Wilshire Axiom Bloomberg Reuters
Dow Jones Interactive Lexus/Nexus Economatica