Julie Edinburgh

Julie Edinburgh
Managing Director
Head, EMTNs

Years in the industry: 21

Areas of focus: Debt capital markets focusing on Private Placements

Tell us a bit about your background

I was born, raised and educated in Rhode Island in the US before I moved to London where I joined Credit Suisse’s Debt Capital Markets Syndicate Desk, focusing on Private Placements. I spent 19 years at Credit Suisse as a Managing Director and Global Head of EMTNs and Private Placements before I joined Mizuho in September 2017 as a Managing Director and the Head of EMTNs.

What do you do at Mizuho?

I have been asked to help build and expand the Private Placement business within the London Securities business. This includes helping connect our corporate banking clients with our international investors, particularly in Japan.

In a short paragraph, could you explain debt capital markets and what it involves?

The primary role of DCM is to provide debt financing solutions for our global corporate, sovereign and supra sovereign agency client base, in both public and private markets. Within this role, the Private Placement desk acts as a global coordinator, connecting our DCM clients with our global investors. We need to be knowledgeable about our issuers’ needs and our investors’ demands in order to advise each of potential financing opportunities. Once an opportunity has been identified, it is our responsibility to ensure that this transaction is correctly priced and documented to reflect the commercial terms agreed between both parties. On many occasions, these transactions are placed with investors outside the issuer’s domestic market and are denominated in a currency outside the home currency of the issuer. Such trades require the use of derivatives to deliver a package deal to the issuer providing them with payment obligations that match their desired cashflows.

Since starting at Mizuho, how have you found working here?

It’s extremely energising being part of a company that is growing and rapidly building market share and credibility with clients.

What trends do you foresee for the future of debt capital markets?

More automation given the technological advancements we are seeing.  We recently invested in the Origin platform which links EMTN issuers with dealers on one central site where they can share their levels (and other terms) in a central place.  Banks will need to keep finding new ways to be relevant to clients as automation disintermediates the sell-side.

What has been the highlight of your career?

There have been many, but I would have to say arranging a £40 million 50yr private placement that I closed for University College, Oxford. It was the first listed Eurobond issued by an Oxford College, which later opened the doors to several more transactions in the market. For me, it was a wonderful experience to work with an issuer with a very different perception to the markets versus a larger institutional corporate client.

What do you do for fun outside work?

I am the owner and designer of a small women’s fashion label called 51 North London, which has always been a passion of mine. I am also a mother of two children, a girl and a boy aged 17 and 12 respectively. My remaining spare time is spent enjoying the beautiful city of London, enjoying music (most recently had the pleasure of seeing the Rolling Stones again!), traveling back to my home in Newport, Rhode Island (I love the beach) or walking my three black Labradors.