Marcia-Elizabeth Christian Favale-Tarter is an experienced entrepreneur and financial advisor with over 20 years of experience in emerging markets, finance, and investment. She has extensive experience restructuring banks in Kazakhstan and advising the government on privatization and investment programs. She currently runs her own advisory firm and a visual entertainment technology company, and also teaches at the University of Oxford.

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Marcia-Elizabeth Christian Favale-Tarter
mfavale-tarter@mfavale-tarter.net
Citizenship: United States and Brazil
DOB 10/17/69
PROFILE
Two decades of emerging market, finance and investment experience including which includes
investment banking, portfolio management, capital markets, mergers and acquisitions, restructuring,
privatizations and major programme development.
• Expert in devising and implementing corporate turnarounds, creating innovative and complex new
business ideas with global reach, and executing successful game changing ventures that have become
international benchmarks.
• Entrepreneur successfully running own advisory company for over eight years (M.Favale-Tarter, LLC)
and a visual entertainment and technology (Blingby, LLC) company since 2014.
EXPERIENCE
Entrepreneurship and Finance
FOUNDER & CEO M.FAVALE-TARTER, LLC 2009-PRESENT
Independent restructuring advisor, Kazakhstan — 2009-2013: BTA Bank, Alliance bank, and Astana
Finance and advised the sovereign wealth fund- Samruk Kazyna- on the Temir Bank restructuring.
In 2010, Euromoney Magazine ranked M.Favale-Tarter, LLC alongside UBS and Lazard with the CEE
Deal of the Year: BTA Bank restructuring. Institute of International Finance (2010) wrote a report about the
Kazakhstan Bank Restructuring noting the distinctive and defining role of the Independent Advisor.
• Devised and led the implementation of the ‘Burden-Sharing’ bank restructuring strategy (Kazakh bank
restructuring program is viewed as international benchmarks, with BTA Bank being the largest
and first ever successful bail-in restructuring and is the subject of a University of Oxford case
Study) and led the execution team, which consisted of global investment banks, global law firms
and media relations
• Managed relationships and interacted directly with international and domestic government officials,
government related entities, investment banks and the private sector on behalf of the
Kazakhstan banks
• Managed PR, devised and delivered key messaging for domestic and international audiences, subject
matter expert / spokesperson (press & media)
• Led the negotiation team dealing directly with the Steering Committees of Creditors, representing all
debt classes from trade finance, commercial loans and hedge fund exposures

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• Led the external effort and worked with senior management and board members to reorganize and
restructure operations of the banks to achieve the business plan and restructuring objectives
• Represented Kazakhstan at the Paris Club meeting (June 2010) advocating the Burden-Sharing
Restructuring Strategy and wrote an article on the same in the Paris Club Annual Report
GOVERNMENT INVESTMENT COUNCIL, KAZAKHSTAN 2016-PRESENT
Member of the Government Investment Council focused on developing Kazakhstan’s investment profile
and in improving the investment climate whilst promoting strategic investment
UNIVERSITY OF OXFORD: MAJOR PROGRAMME MANAGEMENT 2016-PRESENT
Teaches on the Msc Major Programme Management programme as the financial markets subject-expert
and as the protagonist of a major programme international benchmark
UNIVERSITY OF OXFORD: PRIVATE EQUITY 2015-PRESENT
Guest lecturer on the Private Equity Course within the MBA programme
DEVELOPMENT BANK OF KAZAKHSTAN (DBK) 2015-PRESENT
Independent Board Member of the exchange listed DBK: The bank’s mission is to promote sustainable
development of the national economy .
• Chairwoman of the Strategy and Audit Committee and a member of the Risk and Governance
committees
SENIOR ADVISOR PRIME MINISTER OF KAZAKHSTAN 2009-2012
Senior Advisor to the Prime Minister of Kazakhstan by Decree for matters related to the financial, oil and
mining sectors: including debt restructuring, mergers & acquisitions, capital market transactions and the
‘People's IPO programme’:
• Devised the People’s IPO privatization program, with the aim of creating a conduit of wealth for the
people of Kazakhstan to engineer political and economic stability and the development of the
domestic capital market to assist in economic diversification.
• Led the Steering Committee responsible for implementing and executing the People’s IPO and in this
capacity managed a team of global investment banks, global law firms, accounting and public
relation firms and interacted directly with the chairmen and senior management of the private
entities as well as the political bodies both domestic and international
INVESTMENT MANAGEMENT / PORTFOLIO MANAGEMENT (2006-2008)
Managed risk across emerging market assets classes including sovereign debt, corporate debt, equities
and foreign-exchange
• Managing director, portfolio manager and senior member of the Advent Capital asset manager
investment team focusing on emerging market credit, equity and special situations
• Senior portfolio manager at the hedge fund, Brevan Howard managing a portfolio of global emerging
market corporates and equity and subject matter expert on originating and running risk for credit
intensive special situation transactions
UBS, HEAD LATAM AND CEEMEA CREDIT RESEARCH (1998-2006)
Managing Director at UBS, Head of LATAM and CEEMEA and a senior member of UBS’s global credit
fixed-income research group

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• Built two research franchises: CEEMEA (London, England) and LATAM (Stamford, USA) that helped
drive secondary trading profits and primary underwriting revenues.
• Member of UBS's Emerging Market Credit Committee
• Member of UBS’s Emerging Market Steering Committee.
• Voted by the buy-side as The Outstanding Analyst of the Year, for Emerging Markets Corporates:
ranking published by Institutional Investor Magazine (2006)
MERRILL LYNCH HIGH YIELD & EMERGING MARKET CREDIT RESEARCH (1993-1998)
Assistant Vice President, responsible for modeling and sector and industry analysis
BANKER’S TRUST JAPAN MERGERS & ACQUISITIONS & LATIN AMERICA MERCHANT BANKING
(1992-1993)
Analyst, investment banking M&A team (Japan Securities) and later joined the Latin America merchant
banking effort
E15 INITIATIVE: WORLD ECONOMIC FORUM (SUMMER 2015, GENEVA, SWITZERLAND)
Participated in and contributed to the E15 meetings at the World Economic Forum (Summer 2015)
• The E15Initiative was established to convene world-class experts and institutions to generate strategic
analysis and recommendations for government, business and civil society geared towards
strengthening the global trade and investment system for sustainable development
PARIS CLUB (JUNE 2010, PARIS, FRANCE):
Guest speaker, presented on the Burden-Sharing restructuring framework and progress
• The Paris Club is a group of officials from major creditor countries whose role is to find coordinated and
sustainable solutions to the payment difficulties experienced by debtor countries
EUROMONEY MAGAZINE (FEBRUARY 2010);
• Advisor on the CEE Deal of the Year-BTA Bank restructuring ranked alongside UBS and Lazard
THE OUTSTANDING ANALYST OF THE YEAR, FOR EMERGING MARKETS CORPORATES:
• Published by Institutional Investor Magazine (2006) - ranking coupled by votes from the buy side,
globally
Case Study
Banking Sector Restructuring Program in Kazakhstan – BTA Bank JSC, published by the University of
Oxford (25 May 2015); by Atif Ansar & Ariell Ahern
• Protagonist and subject matter of the case study that presents the restructuring and its impact as an
international benchmark

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ADDITIONAL EXPERIENCE:
Entrepreneurship and Technology May 2014-Present
BLINGBY, LLC CO-FOUNDER, CEO AND PRESIDENT
Blingby (www.blingby.com) is a visual digital entertainment and technology platform that makes viewing
videos an active rather than passive activity by enabling users to buy products, to book trips, activities,
concerts, and to book, rent or buying exact locations whilst watching a video. Content producers and
creative are enabled to full monetize videos as full ad-spaces and accurately measure performance.
• Blingby-visionary, responsible for business and corporate strategy, marketing, and product and content
development.
• Co-inventor of the METHOD AND SYSTEM FOR AUDIO SIGNAL RECOGNITION AND CLOUD
SEARCH ARCHITECTURE & SYSTEM OF TIME-CODED VIDEO STREAMING AND
SYNCHRONIZE PLAYBACK OF VIDEO METADATA FOR PATTERN RECOGNITION (i.e
bbStream)
EDUCATION
UNIVERSITY OF OXFORD
• Master in Science (Msc.) Major Programme Management, graduated with Distinction (Merton
College)
• Master in Business Administration (MBA) (St Cross College)
• Post-Graduate Diploma (PGD) in Financial Strategy
HARVARD UNIVERSITY
• Harvard Business School-Executive Education: Making Corporate Boards More Effective
Programme (Certificate)
NEW YORK UNIVERSITY (NYU)
• Bachelor of Arts in Political Science, graduated Cum Laude

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LANGUAGES
• English, Native and fluent in Portuguese and conversational in Spain
AWARDS
• Independent Privatization Advisor- Global Awards 2014
• Finance Monthly Magazine Deal Maker of the Year Award 2013
• Finance Monthly Magazine and Lawyer Monthly Magazine awards 2013
• Independent Restructuring Advisor- Global Awards 2013 & Independent Restructuring Advisor-
Asia- ACQ Awards 2013
• Advisor on the CEE Deal of the Year-BTA Bank restructuring (February 2010); Euromoney
Magazine
• The Outstanding Analyst of the Year (April 2006) by Institutional Investor Magazine for Emerging
Markets Corporates
SPEAKING ENGAGEMENTS AND LECTURES
• Astana International Financial Center (AIFC) Fall 2016 - gave a two day lecture to the executive
training class encompassing global markets, financial centre case studies and building an efficient
financial center with a review of technological innovations in finance and asset management: e-
currency, blockchain and etc to improve the financial centre value-proposition
• Astana Forum 25 May 2016 Lead Round table Kazakhstan Economic Development and Media
Interview on the Role & Impact of the Development Bank of Kazakhstan on the Economy.
• Kazakhstan- United States Conference; Washington DC (December 2015); U.S. Congressional
participants; presented on the Kazakhstan Privatization programme.
• Oxford, SAID Business School (March 2014): guest lecturer, presented on impact policies and the
effect on economic development
• Harvard, Business School (November 2013): guest speaker at the Finance Conference
• Astana Forum (May 2013): guest speaker on the role of women in the Economy
• Harvard, Kennedy School (April 2013): guest lecturer on the confluence of policy and market
practice
• Astana Economic Forum (May 2012): guest speaker on privatization, bank restructuring,
investment opportunities, and the role of women in business.

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• US-KZ Investment Forum, Kazakhstan-London Forum (October 2012) guest speaker; presented
on People’s IPO and strategic economic development initiatives
• Kazakhstan-US Forum (December 2011): guest speaker, presented on the People’s IPO,
innovative privatization programme and on investment policies to spur economic development.
• US-KZ Investment Forum, Kazakhstan-London Forum (October 2011) guest speaker, presented
on the bank restructuring programme and strategic economic development initiatives in the
energy and agricultural sectors
• Bank of England (January 2011): presented the Kazakhstan Bank restructuring framework and
progress.
• World Bank (December 2010): guest speaker, presented the Kazakhstan Bank restructuring
framework and progress and implementation and transferability/
applicability for other country driven bank restructuring initiatives.
• University of Oxford October 2010: Distinguished Speaker presented the Burden- Sharing
restructuring framework and restructuring process.
• Georgetown University October 2010: guest lecturer, presented on the Burden- Sharing
framework
• Harvard Club New York November 2010: guest lecturer, presented on the Burden- Sharing
framework
PUBLICATIONS AND INTERVIEWS
• Author: Breaking the Mold- an article on the benchmark Kazakh burden-sharing bank
restructuring published in the Paris Club 2010 Annual Report
• Author: Launch of the People’s IPO Is Good News-an article on the innovative Kazakh
privatization programme, published in the Astana Times Newspaper
October 2011.
• Author: Grasp The Chance: The Business Year magazine (http://www.thebusinessyear.com/
publication/article/6/1164/kazakhstan-2012/grasp-the-chance)
• Interview: TV Bloomberg (http://www.bloomberg.com/ video/78355200/) and most recently on the
Kazakh national TV http://www.youtube.com/watch?
v=hXqaYwTF6xA&feature=youtube_gdata_player , discussed the People’s IPO and economic
impact of the programme
• Interview: CNBC World Report Special on Kazakhstan, outlined the initially controversial, but
successful Kazakh Burden-Sharing restructuring (March 2011)

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Linkedin
For additional information please refer to: https://www.linkedin.com/in/marciatarter?trk=hp-identity-name