High Yield Bonds International Finance Program

Speakers
Florence Devevey
Associate Director at Standard & Poor´s
Florence Devevey is an Associate Director, based in Standard & Poor’s Madrid office. In her
current role, she is responsible for a portfolio of mostly consumer goods companies, including
companies that have issued high yield bonds, such as Campofrio Food Group and Grifols. She is
also the EMEA consumer goods sector coordinator for Standard & Poor’s. Since she joined
Standard & Poor’s in 2005, Florence has worked with various teams within the Corporate Rating
practice, including Telecom, Leveraged Finance, and Consumer Goods. Prior to joining the
Consumer Goods team in 2010, she spent four years in Leveraged Finance, where she
worked on mid-sized LBOs across various industries, as well as on loan and bond ratings for
high yield Corporates. Florence holds a degree in Finance from Ecole des Hautes Etudes
Commerciales in Paris (HEC 2004).
Adolfo Estevez
Director of Axesor Rating
Adolfo Estevez is currently the Director of Axesor Rating, the first Spanish rating agency that has
been registered to provide corporate rating in the European Union, with a focus on the Spanish
middle market. Previously to working at Axesor Rating, Adolfo spent ten years at General
Electric where he held roles in GE Private Equity and in Structured Insurance Products. Adolfo
has an MBA from the American University, Master of Finance from New York University, and PDG
by IESE. He is a Chartered Financial Analyst.
Brian Farrell
Senior Credit Analyst at Pioneer Investments
Brian Farrell is Senior Credit Analyst of the European Fixed Income Team in Dublin. He has more
than 16 years of experience analyzing corporate bonds and high yield bonds from the European
Fixed Income Market. Brian’s career in finance began in 1994 when he joined ABN AMRO
Corporate Finance first as an Executive and later as a Manager. He joined Pioneer Investments
from Irish Life Investment Managers, where he worked as a Senior Research Analyst from 1997-
2002. He is a mechanical engineering graduate from Queens University, Belfast and holds an
MBA from Trinity College Dublin. Brian received the John Good and Guinness / IMI prizes for
achieving first place in his MBA. He is a fellow of The Securities Institute.