ICMA Future Leaders: Private Credit - Opportunities, risks, and the headlines driving the debate

Date: 9 September 2026
Time: 17:30 - 18:30 CEST Followed by a networking reception
Venue: UBS Forum St. Peter, St. Peterstrasse 19, 8001 Zürich, Switzerland

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Overview

Private credit has moved from the margins to the mainstream of global capital markets—and recently into the headlines. As banks retrench, interest rates remain higher for longer, and private debt funds step into financing roles once dominated by traditional lenders, the asset class is attracting record inflows alongside growing regulatory and investor scrutiny.

In this session, Hans-Jörg Baumann, Chairman and Founding Partner of StepStone Private Debt, will explore what is really happening beneath the surface. We will discuss why private credit has been one of the fastest‑growing asset classes in recent years, what investors find attractive—from illiquidity premia to covenant control—and how recent headlines on redemptions (liquidity), refinancing risk, defaults, and valuation transparency have sharpened the debate. The conversation will also address the trade‑offs: strong returns versus cyclicality, flexibility versus opacity, and portfolio diversification versus correlation risk in a stressed environment.

Designed for early‑career professionals across markets, credit and investment roles, this event aims to cut through the noise and provide a balanced, practical perspective on where private credit fits in today’s evolving financial landscape—and what skills and insights matter most for those looking to work with the asset class.

Admission: This in-person event is free to attend and open to employees of ICMA member firms. Register now.

If you have any questions, please contact ICMA events.

CEST
17:30		Registration
17:50		Introductory remarks
17:55		Welcome remarks
18:00		IFL Update Ingo Stössel, Director, UBS Global Wealth Management, UBS Switzerland AG Arnaud Vanolli, Senior Economist, Swiss Reinsurance Company Ltd
18:05		Keynote & Q&A Hans-Jörg Baumann, Chairman and Founding Partner of StepStone Private Debt
18:30		Closing remarks
18:35		Networking reception At the Forum St Peter in the Foyer
19:30		Event close

Overview of the latest developments in the sustainable bond markets: an ICMA and BofA Securities training workshop (by invitation only)
Organised by: ICMA and BofA Securities
Time: 08:30 - 16:30 SGT, Tuesday, June 27
Venue: The Westin Singapore

ICMA and BofA Securities will hold a one-day training workshop aimed at regulators, issuers, investors and other market participants from the APAC region on June 27 at the Westin Singapore. The workshop will cover a comprehensive range of topics including: an overview of the Principles, financing themes such as climate transition, blue and biodiversity, overview of the EU/ASEAN taxonomies, an update on external reviews, disclosures and reporting as well as a case study on sustainability-linked bond issuance. Presenters will include representatives from ICMA, IFC, Ministry of Economy, Trade and Industry of Japan, BofA Securities, RAM Sustainability and Dentons Hong Kong.

Roundtable on Singapore GFIT Taxonomy (invitation only)
Organised by ICMA
Time: 10:00-11:30 SGT, Tuesday, 27 June 2023
Venue: Singapore

Roundtable on global and Asian transition finance (invitation only)
Organised by ICMA
Time: 15:30-17:00 SGT, Tuesday, 27 June 2023
Venue: Singapore

Dynamics and developments in the international sustainable bond markets – Implications for the MENA region

Capital Club, DIFC, Dubai, 8 December 2021

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ICMA Future Leaders: Private Credit - Opportunities, risks, and the headlines driving the debate

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