Manuel Mendivil is portfolio manager for two Luxembourg based funds investing in European loans and high yield bonds, as the Partner in charge of credit investments at Grupo Arcano, an independent corporate finance and asset manager in Spain. Prior to 2009 he worked for 11 years at Merrill Lynch in New York and London, initially in the Leveraged Finance Group, and later as MD head of Asset Finance and Principal Investments in Europe, with responsibilities over several credit portfolios for Merrill Lynch’s proprietary account amounting to USD 4.5 billion. Investment instruments included loans and bonds, high yield, mezzanine, equity, warrants and structured products (prime/subprime mortgages, consumer loans, trade receivables, SMEs) across Europe. Manuel has been a member of the Board of Directors of several companies in the UK, France and Italy, and was involved in the set up a €300MM private equity vehicle focused on credit finance businesses in the UK, Italy, Australia. Before Merrill Lynch he worked at Santander Investment Securities in New York as fixed income specialist for companies and government agencies covering all of Latin America and several countries in Eastern Europe, structuring and selling eurobonds, loan syndications, securitizations, and private placements.