22 February 2023, London: The European Leveraged Finance Association (ELFA) is delighted to name Irem Sukan and Anita Isichei as the new co-chairs for the ELFA Diversity & Inclusion (D&I) Committee, and Rebecca Clements as a new co-chair for the ELFA Disclosure & Transparency (D&T) Committee.
The Board of ELFA sets objectives for each year at the annual meeting in the autumn and delegates these priorities to ELFA’s seven Initiative Committees to implement.
The Diversity & Inclusion Committee helps to build an inclusive and diverse workplace in the leveraged finance industry via a platform for knowledge sharing on diversity and inclusion programmes. By boosting awareness about the industry, at both schools and universities, the committee aims to a foster greater diversity in recruitment and a more inclusive and flexible work-place where everyone is heard.
The flagship ELFA Career Day event in March every year is designed to widen access for individuals from diverse backgrounds and non-target universities to help them access employment in the leveraged finance market. It has attracted several applicants over the last three years of the event who are now working successfully in the industry and at ELFA. This year it will take place on 23rd March.
The Disclosure & Transparency Committee seeks to increase the effectiveness of engagement on covenant terms during the primary market offering process, to improve the quality and content of on-going reporting and ensure access to information. It also educates investors on the risks of incumbent covenant flexibility and restructuring issues.
Sabrina Fox, CEO at ELFA commented: “I want to thank Aaiza Ali and Senan Kiran who have supported the ELFA D&I Committee since its inception three years ago and have achieved so much to promote diversity and inclusion in our industry, and to Russell Taylor, the outgoing co-chair of the ELFA Disclosure & Transparency Committee who helped to spearhead several initiatives aimed at improving disclosure and transparency standards in the leveraged finance market. I would like to welcome our new co-chairs with whom I look forward to working closely as we continue to build on this great work. These voluntary roles are the life force of ELFA – ensuring that new initiatives, programmes and positive changes happen to meet the challenges and opportunities faced by all our members.”
The European Leveraged Finance Association (ELFA) is pleased to announce the appointment of Irem Sukan, Marios Halloumis and Glenn Oliver Anderson as the new Co-Chairs of the ESG Committee. Irem, Marios and Glenn will take over from Tina De Baere, Oliver Newman and Lily Baik following their decisions to step down.
The European Leveraged Finance Association (ELFA) has published a summary of industry roundtables, held in response to its recent Open Letter (“Taking Stock of Market Standards on Disclosure, Process, and Engagement in the European Leveraged Finance Market”) which highlighted persistent concerns around limited disclosure, overly compressed deal timelines, and increasingly restrictive transferability terms, all of which are undermining efficiency and resilience in Europe’s leveraged finance market.
The European Leveraged Finance Association (ELFA), in collaboration with global law firm Akin, has today published the second issue in its Transferability Series, focusing on the evolving use of whitelists in leveraged finance documentation.
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