Trends in Asian Financial Sectors
Speaker Biographies

John Bailey: John Bailey is a Managing Director at Standard & Poor’s Ratings Services in Hong Kong, where he was recently appointed Office Head. Previously, he led Standard & Poor's Corporate & Infrastructure credit ratings team in Asia from 2001 until 2006. Between 1997 and 2000, he was based in Taipei, where he helped to establish Taiwan Ratings Corp., a Standard & Poor’s affiliate. Mr. Bailey joined Standard & Poor’s in 1989, and worked on numerous transactions in the Asia-Pacific region from his base in Australia. Before joining the company, he held a variety of positions in the banking and finance sector in the U.K. and Australia.

Doug Bereuter: Doug Bereuter became the president of The Asia Foundation on September 1, 2004, immediately upon his resignation from U.S. Congress after 26 years of service. During his congressional career, he was a leading member of the House International Relations Committee, where he served as vice chairman for six years, chaired the Asia - Pacific Subcommittee for the maximum limit of six years, chaired the Europe Subcommittee immediately before his departure, was ranking minority member of the Human Rights Subcommittee for six years, and had a long tenure on its Subcommittee on Economic Policy & Trade. He also served on the House Financial Services Committee for 23 years, and for 16 years, chaired or served as ranking minority member of the Subcommittee on International Institutions, which has oversight jurisdiction for American participation in the Asian Development Bank, the World Bank, other regional development banks, the U.S. Export-Import Bank, and the IMF.

Mr. Bereuter served nearly 10 years on the House Permanent Select Committee on Intelligence, retiring as its vice chairman. Additional congressional responsibilities include serving as the founding co-chairman of the Congressional-Executive Commission on China, chairing the Speaker's Task Force to Monitor and Report on the Transition of Hong Kong (1996-2002), and chairing the House Delegation to the 40-country NATO Parliamentary Assembly, where he presided as its President for two years until November, 2004. His congressional service also included active leadership roles on congressional inter-parliamentary exchanges with the European Parliament, Japan, Korea, China, and the United Kingdom.

Among notable legislative achievements in international affairs, Mr. Bereuter was co-author of the Bereuter-Levin Amendment, which made possible the passage of the act granting Permanent Normal Trading Relations for China. He is also responsible for starting the very successful USAID Farmers-to-Farmers technical assistance program, which has taken thousands of American volunteers abroad. In 2004, Congress formally added his name to the title of this program, as it did to two separate domestic programs for Federal flood insurance reform and for a home loan guarantee program, which he successfully initiated.

Mr. Bereuter graduated Phi Beta Kappa from the University of Nebraska, has Masters degrees from Harvard University in both city planning and public administration. Currently, he serves on the Visiting Committee for Harvard's John F. Kennedy School of Government and was the first elected official to receive the Kennedy School's Outstanding Alumni Award. He served as an infantry and intelligence officer in the U.S. Army, practiced and taught graduate courses in urban and regional planning, led various agencies and programs in the Nebraska State Government, and served one four-year term as a Nebraska State Senator before his election to the U.S. House of Representatives in 1978.

For his work on European and NATO issues, he is the recipient of decorations from the governments of Bulgaria, Lithuania, and Romania. His service also includes a presidential appointment as a delegate to the United Nations 42nd General Assembly. He is a member of the Council on Foreign Relations, the World Affairs Council of Northern California, the Pacific Council on International Policy, and the International Advisory Board of the Graduate School of International Relations and Pacific Studies at University of California-San Diego.

Y K Choi: Y K Choi is responsible for monetary management, financial infrastructure, reserves management, and strategy and risk. He joined the HKMA as Head (Banking Policy) in 1993 and was appointed Executive Director (Banking Supervision) in 1995 before appointed to his present position in June 2005. Mr Choi joined the Office of the Commissioner of Banking in 1974. He became Assistant Commissioner of Banking in 1990 and was seconded to the Office of the Exchange Fund in 1991 with responsibility for currency stability and debt market development before joining the HKMA.

Timothy Dattels: Timothy Dattels is a Partner of TPG Capital, LP based in San Francisco with a focus on Asian investing. Prior to joining TPG, Mr. Dattels served as Managing Director of Goldman Sachs. He was elected Partner in 1996 and was head of Investment Banking for all Asian countries outside of Japan from 1996 – 2000 where he advised several of Asia’s leading entrepreneurs and governments. In addition, he served on the firm’s Management Committee in Asia.

Mr. Dattels serves as a Director of Parkway Holdings Limited, the largest private hospital company in South East Asia, Sing Tao News Corporation Limited, a Hong Kong based media company and Shangri-La Asia, Asia’s leading hotel brand. He is a trustee of the Asian Art Museum of San Francisco and also serves on the Dean’s Advisory Board of the Rotman School of Business at the University of Toronto, as well as founder and member of the Asia Pacific Council of The Nature Conservancy. He holds a BA (Honors) from The University of Western Ontario, 1980, and an MBA from Harvard Business School, 1984.

Robert H. Dugger: Robert Dugger is a Managing Director of Tudor Investment Corporation, an asset management company active in currency, bond, equity and commodity markets worldwide. He was previously Director for Policy and Chief Economist at the American Bankers Association where he led a panel of nationally recognized bank officers in developing a plan to deal with the US savings and loan crisis. The report of the panel proposed establishing the Resolution Trust Corporation and served as the starting point of the efforts in 1989 to solve the S&L problem.

Mr. Dugger served as the Chief Economist of the Senate Banking Committee and Senior Staff Member of the Financial Institutions Subcommittee of the House Financial Institutions Committee. He began his career at the Federal Reserve Board.

Mr. Dugger is a member of Virginia Governor Kaine’s Strong Start pre-kindergarten council and recently served as co-chairman of Governor Warner’s Virginia Early Learning Council. He is a Trustee of the Committee for Economic Development and chairman of the Invest in Kids Working Group and the Partnership for America’s Economic Success. The purpose of the partnership is to ascertain and communicate the economic growth and job creation value of investing in young children. Information about the partnership can be found at www.partnershipforsuccess.org. Mr. Dugger is a member of the board of directors of Generations United.

Mr. Dugger is chairman of the board of directors of Grumeti Reserves Limited, a Tanzanian ecotourism company organized to preserve the Wildebeest migration route in an area adjacent to the Serengeti National Park in Tanzania. He is also board vice chairman of its NGO affiliate, Grumeti Community and Conservation Foundation.

Mr. Dugger received his BA from Davidson College and his Ph.D. from the University of North Carolina at Chapel Hill.

Elizabeth Economy: Elizabeth Economy is the C.V. Starr senior fellow and director for Asia studies at the Council on Foreign Relations. Her areas of expertise include Chinese domestic and foreign policy, U.S.-China relations, and global environmental issues.

Dr. Economy has published widely on both Chinese domestic and foreign policy. Her most recent book, The River Runs Black: The Environmental Challenge to China's Future (Cornell University Press, 2004), was named one of the top ten books of 2004 by the Globalist and won the 2005 International Convention on Asia Scholars Award for the best social sciences book published on Asia. She also coedited China Joins the World: Progress and Prospects (Council on Foreign Relations Press, with Michel Oksenberg, 1999) and The Internationalization of Environmental Protection (Cambridge University Press, with Miranda Schreurs, 1997). She has published articles in foreign policy and scholarly journals including Foreign Affairs, Harvard Asia Quarterly, Survival, and Current History; and op-eds and book reviews in the New York Times, Washington Post, Far Eastern Economic Review, International Herald Tribune, Boston Globe, and South China Morning Post, among others. She is a frequent guest on nationally broadcast radio and television programs, has testified before Congress on numerous occasions, and regularly speaks at international conferences such as the World Economic Forum in Davos and the Fortune Global Forum.

Dr. Economy has taught undergraduate- and graduate-level courses at Columbia University, John Hopkins University's Paul H. Nitze School of Advanced International Studies, and the University of Washington's Jackson School of International Studies. She serves on the board of the China-U.S. Center for Sustainable Development and the advisory board for Issues and Studies, an international journal on China, Taiwan, and East Asian affairs.

Dr. Economy received her PhD from the University of Michigan, her AM from Stanford University and her BA from Swarthmore College. She lives in New York City with her husband and three children.

Barry Eichengreen: Barry Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is also Research Associate of the National Bureau of Economic Research (Cambridge, Massachusetts) and Research Fellow of the Centre for Economic Policy Research (London, England). In 1997-98 he was Senior Policy Advisor at the International Monetary Fund. He is a fellow of the American Academy of Arts and Sciences (class of 1997). He is the convener of the Bellagio Group of academics and economic officials. He has held Guggenheim and Fulbright Fellowships and has been a fellow of the Center for Advanced Study in the Behavioral Sciences (Palo Alto) and the Institute for Advanced Study (Berlin). His books include The European Economy Since 1945 (Princeton University Press, 2007), Global Imbalances and the Lessons of Bretton Woods (MIT Press, 2006) and Golden Fetters: The Gold Standard and the Great Depression, 1919-1939 (Oxford University Press, 1992). He was awarded the Economic History Association's Jonathan R.T. Hughes Prize for Excellence in Teaching in 2002 and the University of California at Berkeley Social Science Division's Distinguished Teaching Award in 2004. He is also the recipient of a doctor honoris causa from the American University in Paris.

Dr. Jesus P. Estanislao: Dr. Jesus P. Estanislao heads two private institutes committed to governance reforms: the Institute of Corporate Directors (for corporate governance) and the Institute for Solidarity in Asia (for national governance).

Concurrently, he chairs the President's Governance Advisory Council, which advises President Gloria Macapagal-Arroyo on governance issues. He also holds the title of University Professor at the University of Asia and the Pacific. Dr. Estanislao has spent much of his career founding or rehabilitating institutions. He was the founding Dean (1998) of the Asian Development Bank Institute in Tokyo. He also served as the founding president (1992-1997) of the University of Asia and the Pacific, which grew out of the Center for Research and Communication, of which he was the founding Executive Director (1969-1981).

After the 1986 People Power revolution in the Philippines, he was given the responsibility of rehabilitating the Development Bank of the Philippines, a task he completed in three years. Then he was appointed to the Cabinet of President Corazon Aquino, whom he served as Secretary of Economic Planning and Director General of the National and Economic Development Authority (1989), and later as Secretary of Finance (1990-1992). As the country's chief economic officer, he oversaw the economic recovery and reform program of a newly reinstalled democracy.

After he left government, Dr. Estanislao was asked to become the Philippine representative in APEC's Eminent Persons Group by President Fidel Ramos, whom he served as Adviser during the Philippine chairmanship of APEC in 1996. He also served as the Philippine representative in ASEAN's Eminent Persons Group on Vision 2020.

Dr. Estanislao holds a Ph.D. from Harvard University, where he was also a Teaching Fellow and Research Fellow. He obtained his MA in Economics from Fordham University, and his AB in Economics and Ph.B. (summa cum laude) from the University of San Carlos. He has been conferred honorary doctoral degrees by Angeles University, Xavier University, St. Paul University, and Manila Central University.

In 1992, Dr. Estanislao was awarded the Philippine Legion of Honor.

Gregory B. Fager: Gregory B. Fager is the Director of the Asia/Pacific Department at the Institute of International Finance, Inc., Washington, D.C. He joined the Institute in 1984, and has served as the Director of the Comparative Country Analysis Department with responsibilities for devising and implementing the quantitative methods used in the Institute's country analysis. Mr. Fager also managed the Institute's IT department and developed the Institute's internet services. Prior to joining the Institute, he was a Vice President in the Country Risk Management Division at the First National Bank of Chicago. Mr. Fager received a Ph.D. in Economics from Georgetown University and was a fellow with the Center for Strategic and International Studies, Washington, D.C.

The Institute of International Finance is a private association of 370 international financial institutions. The Institute was created in the early 1980s by the leading commercial banks in the industrialized countries in response the international debt problem and provides it members with comprehensive economic and financial information and analysis on the major emerging markets. The Institute also serves as a worldwide forum for the membership to review key issues in international finance and banking.

Mr. Jonathan L. Fiechter: Mr. Jonathan L. Fiechter is Deputy Director, Monetary and Capital Markets Department, International Monetary Fund. Mr. Fiechter joined the Fund in June of 2003 to head up the Monetary and Capital Markets Department's financial supervision and crisis management unit where he is responsible for development of Fund policies relating to financial supervision and regulation, deposit insurance, and crisis management.

Previously, Mr. Fiechter served as Senior Deputy Comptroller at the Office of the Comptroller of the Currency (OCC). At the OCC, Mr. Fiechter was responsible for bank capital policy, research and financial analysis, and the OCC's international operations. He also participated on the Basel Committee and the Committee's Capital Task Force.

Mr. Fiechter came to the OCC from the World Bank where he was Director of the World Bank's Financial Sector Development Department and Chairman of the Financial Sector Board. Mr. Fiechter also established the Office of Special Financial Operations, a department that managed the World Bank's financial sector programs in countries experiencing major financial sector distress.

From 1992 to 1996, Mr. Fiechter served as Acting Director of the Office of Thrift Supervision (OTS), the federal agency created in 1989 to restructure and supervise the savings and loan industry. Mr. Fiechter also served as a Director of the Federal Deposit Insurance Corporation, Director of the Oversight Board of the Resolution Trust Corporation, Director of the Neighborhood Reinvestment Corporation and Chairman of the Federal Financial Institutions Examination Council.

Mr. Fiechter began his professional career in the Office of the Secretary at the U.S. Treasury Department in 1971 as an international economist.

Tim Geithner: Tim Geithner currently serves as President and CEO of the Federal Reserve Bank of New York. He graduated from Dartmouth College with a B.A. in government and Asian studies in 1983. Mr. Geithner earned an M.A. in international economics from The Paul H. Nitze School of Advanced International Studies at Johns Hopkins University in 1985. He has studied Japanese and Chinese, and has lived in East Africa, India, Thailand, China, and Japan.

In December 2001, Mr. Geithner was appointed director of the Policy Development and Review Department (PDR) of the International Monetary Fund, in Washington, D.C. He joined the IMF in September 2001. From February to August 2001, Mr. Geithner was a senior fellow in international economics, at the Council on Foreign Relations in Washington, D.C. Mr. Geithner served as Under Secretary of the Treasury for International Affairs from 1998 to 2001 under Secretaries Robert Rubin and Lawrence Summers. Prior to his position as under secretary, Mr. Geithner served as Assistant Secretary and Senior Deputy Assistant Secretary of the Treasury for International Affairs. He joined the Treasury in 1988, and held a variety of positions, including the assistant attaché at the U.S. Embassy in Tokyo, Japan and the Deputy Assistant Secretary for International Monetary Affairs in the International Affairs Division.

Nicholas C. Hope: Nicholas C. Hope, Ph.D. is the Deputy Director of Stanford Center for International Development (SCID). He was previously with the World Bank from 1977 to 2000, concluding with the position of Director, Office of the Vice President, Europe and Central Asia. He was formerly Country Director for China and Mongolia, and Director of the Resident Staff in Indonesia. Dr. Hope earned his PhD from Princeton University, and his undergraduate degrees from Oxford University and the University of Tasmania.

Dr. Hope's current research interests are in East Asian economies, especially the progress of reform in China. His teaching emphasizes the development of Asian economies, and the role and effectiveness of international financial institutions. Dr. Hope is the co-editor with Dennis Tao Yang, and Mu Yang Li of How Far Across the River?: Chinese Policy Reform at the Millennium, published by Stanford University Press in 2003.

In directing SCID's China research program since 1998, Dr. Hope has singly or cooperatively organized a dozen conferences on Chinese policy reform at Stanford, and in China and Hong Kong. He has participated in at least twice as many additional China conferences in the past six years, serving as a panelist, moderator, commentator or presenter of a paper.  He oversees a visiting scholar program at SCID to benefit officials (four a year) of China's Ministry of Finance. Dr. Hope's responsibilities have also required considerable involvement in the economies of India and the large countries in Latin America, in many cases with a comparative approach involving China.

Dr. Fred Hu: Dr. Fred Hu is a managing director at Goldman Sachs (Asia) L.L.C., responsible for the firm's China strategy and investment banking operations. Before joining Goldman Sachs as chief economist for China in 1997, Mr. Hu was a staff member at the International Monetary Fund (IMF) in Washington D.C., where he was engaged in macroeconomic research and policy consultations for a number of member country governments including China.

Since 1996 Mr. Hu has served as co-director and a senior fellow (non-resident) of the National Center for Economic Research (NCER) at Tsinghua University in Beijing, where he continues to teach a graduate course in international finance. Mr. Hu has advised the Chinese government on financial reform, pension reform, and macroeconomic policies. He also sits on the advisory board for China Huarong Asset Management Company and the South China Morning Post.

Mr. Hu has published extensively on China, Asia-Pacific economies, and financial markets. His latest book (co-authored with Jonathan Anderson), The Five Great Myths about China and the World, has been translated into and published in Chinese by a Mainland China publishing house. Mr. Hu is a member of the editorial board for several academic journals including International Economic Review, and is a columnist for Caijin, China's leading financial and business magazine. Mr. Hu holds an MS in engineering science from Tsinghua University, as well as an MA and a Ph.D. in economics from Harvard University.

Dr. Sheng-Cheng Hu: Dr. Sheng-Cheng Hu is currently the Chairperson of the Financial Supervisory Commission in Taiwan since January 2007. Prior to becoming Chairman, Dr. Hu was Chairperson of the Council for Economic Planning and Development, Executive Yuan. He also served as Minister of State, Executive Yuan from 2001 to 2007 and as a board member for the Board of Directors for both the Central Bank and the Chung Hwa Institution for Economic Research. From 1982-1983, Dr. Hu was a visiting professor in the Department of Economics at Texas A&M University. Dr. Hu has a Ph.D. in Economics from University of Rochester.

Masahiro Kawai: Masahiro Kawai is Dean of the Asian Development Bank's Institute in Tokyo. Until January 2007, he was head of the Asian Development Bank's Office of Regional Economic Integration as well as Special Advisor to the ADB President in Manila. An expert on economic integration in Asia, he was formerly Professor of Economics at the Institute of Social Sciences of the University of Tokyo. He has also served as Deputy Vice Minister for International Affairs in Japan's Ministry of Finance, and as Chief Economist of the World Bank's East Asia and Pacific Region.

His research interests span contemporary Japanese economy, Asian money and capital markets, as well as international economics and development finance. Having written extensively on the effects of the 1997-8 Asian Financial Crisis, he has advised the OECD and the IMF on the greater need for regional economic and financial cooperation in Asia. Dr. Kawai has been oft quoted in The Financial Times as an advocate for expanding the Chiang Mai Initiative and strengthening regional economic surveillance, which will be necessary for Asia's financial and currency stability.

Dr. Kawai began his professional career as Research Fellow of the Brooking Institution (1977-78). He then taught international economics and finance at Johns Hopkins University in Baltimore as an Assistant and Associate Professor (1978-1986) before joining the University of Tokyo. He earned his Ph.D. in economics from Stanford University.

Homi Kharas: Homi Kharas is Visiting Fellow at the Wolfensohn Center for Development, Brookings Institution, and co-author of a new book entitled “An East Asian Renaissance: Ideas for Economic Growth.” Until January 2007, he was the Chief Economist of the East Asia and Pacific Region of the World Bank and Director of the region's Poverty Reduction and Economic Management Department. In this capacity, he was responsible for the World Bank's policy advice, and lending in support of that advice, to countries in the region on matters of poverty reduction strategies, trade and competitiveness, public sector debt and fiscal policy, public expenditure management, governance, anti-corruption, and financial sector development.

Mr. Kharas joined the World Bank in 1980 and worked in the research Department (1981-86), the Latin America and Caribbean region (1993-1997), and the Economic Policy Department (1997-1999). He was in the East Asia and Pacific Region in 1986-90, 1992-93 and from 1999 to 2007. From 1990 to 1991, Mr. Kharas worked as a Senior Partner with Jeffrey D. Sachs and Associates, advising countries in East/Central Europe and the Soviet Union on transition issues.

Mr. Kharas completed his Ph.D. in economics at Harvard University and his undergraduate studies at the University of Cambridge. He has published widely in the areas of external debt and developing countries foreign borrowing and fiscal risks and contingent liabilities.

Kim Kihwan: Kim Kihwan is Chair of the Seoul Financial Forum and an International Advisor at Goldman Sachs. Dr. Kim has held many leadership positions in government and business. During the 1997-98 financial crisis, he was Korea’s Ambassador-at-Large for Economic Affairs. Other government posts include Chief Trade Policy Coordinator and Negotiator (1984-86), Chief Delegate to the South-North Inter-Korea Economic Talks (1984-86) and Vice Minister of Trade and Industry (1983-84). He has also served on the Bank of Korea’s Monetary Board and as International Chair of the Pacific Economic Cooperation Council (PECC). He has a Ph. D in economics from the University of California, Berkeley.

Anne Krueger: Anne O. Krueger served as First Deputy Managing Director of the International Monetary Fund from September 1, 2001 to August 31, 2006. Before coming to the Fund, Ms. Krueger was in the Department of Economics at Stanford University. She was also the founding Director of Stanford's Center for Research on Economic Development and Policy Reform; and a Senior Fellow of the Hoover Institution. Ms. Krueger had previously taught at the University of Minnesota and Duke University and, from 1982 to 1986, was the World Bank's Vice President for Economics and Research. She received her undergraduate degree from Oberlin College and her Ph.D. in economics from the University of Wisconsin.

Ms. Krueger is a Distinguished Fellow and past President of the American Economic Association, a member of the National Academy of Sciences, and a Research Associate of the National Bureau of Economic Research.

Clay Lowery: On November 2, 2005, Clay Lowery was sworn in as the Assistant Secretary for International Affairs at the U.S. Treasury Department. The Assistant Secretary supports the Under Secretary for International Affairs in advising the Secretary and Deputy Secretary of the Treasury in the formulation and execution of United States international economic policy.

Specifically, these responsibilities include guidance and oversight in the areas of economic and financial diplomacy, monetary affairs, debt strategy, U.S. participation in the international financial institutions, trade and investment policies particularly financial services negotiations, and development policy.

Prior to his service as Assistant Secretary, Mr. Lowery was Vice President of Markets and Sector Assessments at the Millennium Challenge Corporation (MCC). MCC is a government corporation designed to provide foreign assistance to the poorest countries based on strong policy performance. In addition to being one of five individuals that formed an Investment Committee reporting to the CEO, Mr. Lowery managed a division of technical experts in areas as diverse as agriculture, infrastructure, and financial sector development as well as fiscal and environmental safeguards.

From 1994 to 2004, Mr. Lowery served at the Treasury Department in a variety of positions, most recently as Deputy Assistant Secretary for Debt and Development Finance. His work included negotiating debt workouts, assisting in the formulation of policy to provide debt reduction to the poorest countries, designing responses to financial crises in Mexico and Asia, representing Treasury in negotiations with Congress and the G-7, and leading a task force – on behalf of the White House – to shape the policy, operations and administrative plans of the MCC.

In 2001 and 2002, Mr. Lowery worked as the Director of International Finance at the National Security Council (NSC). His work included being part of a very small team that developed the Presidential initiative that would become the MCC, and advising the National Security Advisor and the President on policy responses to financial crises in emerging market countries.

Mr. Lowery has also worked at the New York branch of the German bank Bayerische Vereinsbank, and from 1990 to 1993, was involved in managing projects and monitoring elections, primarily in Africa, for the International Republican Institute, a democracy development group.

Mr. Lowery graduated Phi Beta Kappa from the University of Virginia and earned a Masters of Science in Economics at the London School of Economics. He is married and lives in Virginia.

Dr. Robert Madsen: Dr. Robert Madsen is a Senior Fellow at MIT's Center for International Studies. He is also a Limited Partner in the Robert M. Bass Group's operations in Asia; an Executive Advisor to Unison Capital; and the author of the Economist Intelligence Unit's quarterly Japan Country Reports as well as a contributor to that company's coverage of China and East Asia. He additionally consults for several government agencies, including recently a central bank, an economics ministry, and two intelligence services. He was previously a fellow at Stanford University's Asia-Pacific Research Center and Asia Strategist at Soros Private Funds Management.

Joseph Quinlan: Joseph Quinlan, is Managing Director and Chief Market Strategist at Banc of America Capital Management, charged with the development and implementation of domestic and global investment strategies.

A seasoned Wall Street economist/strategist, he previously served as senior global economist for Morgan Stanley Dean Witter (1994-2002) and as director of economic research at Sea-Land Services, a $3 billion global transportation firm. He is also a lecturer on global finance at New York University, where he has been on the faculty since 1992.

Quinlan is the author of five books, including Global Engagement: How American Companies Really Compete in the Global Economy. He has written over 125 articles on international economics and trade in such publications as Foreign Affairs, The Financial Times, The Wall Street Journal and Barron's.

He recently joined the Pacific Council on International Policy as a Non-Resident Fellow focused on U.S.- Asian economic issues. In addition, he is a Senior Transatlantic Fellow at the German Marshall Fund and a fellow at the Center for Transatlantic Relations at the Johns Hopkins University School of Advanced International Studies.

Eisuke Sakakibara is a professor at Waseda University. From 1997 to 1999, he was Japan’s vice minister of finance for international affairs. Before that, he held many government positions, including director general of the International Finance Bureau; president of the Institute of Fiscal and Monetary Policy; director of the Treasury Division, Financial Bureau, Ministry of Finance (MOF), and special advisor to the President, Japan Center for International Finance. He has also served as associate professor of economics, Institute for Policy Science, at Saitama University and visiting associate professor of economics, economics department, at Harvard University. He is the recipient of numerous awards, including the Taylor’s Award from the University of Michigan and the Bintang Mahaputra Utama from the Government of Indonesia. He holds a bachelor’s degree in economics from Tokyo University and a doctoral degree in economics from the University of Michigan, USA.

Henny Sender: Henny Sender is a senior special writer for the Money & Investing section of The Wall Street Journal. She covers private equity and hedge funds and is currently based in New York.

Prior to her current assignment, Ms. Sender spent nine years in Hong Kong. She covered regional finance as a reporter for The Asian Wall Street Journal from 1998 to 2001 and was finance editor of The Far Eastern Economic Review, a Dow Jones weekly magazine published in English and providing news and analysis on Asian business, economics and politics, from 1992 to 2001.

Ms. Sender was a staff writer in New York for Institutional Investor from 1985 to 1987. She then moved to Tokyo as Asia bureau chief through 1991 and was responsible for the magazine's Asian coverage. Her reporting on the Overseas Chinese network in 1991 earned her a nomination for a 1992 National Magazine Award.

Ms. Sender earned a bachelor's degree with honors in history from the University of Rochester, a master's degree from the Columbia University School of Journalism and a Ph.D. in Asian history, from the University of Wisconsin. Her book, "Kashmiri Pandits: A Study of Cultural Choice in North India Up to 1930," focused on relations between Hindus and Muslims in pre-partition India and was published by Oxford University Press in 1981.

Deborah E. Schuler is Senior Vice President & Regional Credit Officer, Asian Financial Institutions, Moody's Singapore Pte., Ltd. Deborah Schuler is one of five Regional Credit Officers responsible for Moody's financial institutions ratings. In addition, she is the lead analyst for a small portfolio of primarily Southeast Asian banks. Ms. Schuler joined the Moody's Asian Financial Institutions and Sovereign Risk Group in 1996. Since joining the group, she has worked out of Moody's New York, Hong Kong and Singapore offices and been responsible for the rating of financial institutions throughout the region, from Korea in the north to New Zealand in the south. Her experience includes working at Bank of America and Continental Bank as a lending officer approving international credit and counterparty risks. It was Continental Bank that first transferred her to Singapore in 1981. In addition, Ms. Schuler was the head of credit control at Credit Suisse Financial Products.

Daniel Sneider is the associate director for research at Shorenstein APARC. He is directing the center’s research program on historical issues in Northeast Asia – the Divided Memories and Reconciliation project – as well as other research programs at the center. He is also currently engaged in research on security issues in Northeast Asia and the U.S. management of its alliances with South Korea and Japan. He is co-editor of a forthcoming book, "Cross Currents: Regionalism and Nationalism in Northeast Asia."
 
Sneider was a 2005-06 Pantech Fellow in Korean Studies at the Center, and the former nationally syndicated foreign affairs columnist of the San Jose Mercury News. Previously, Sneider served as national/foreign editor of the San Jose Mercury News, responsible for coverage of national and international news until the spring of 2003.
Sneider has had a long career as a foreign correspondent. From 1990-94, he was the Moscow bureau chief of the Christian Science Monitor, covering the end of Soviet Communism and the collapse of the Soviet Union. From 1985-90, he was Tokyo correspondent for the Monitor, covering Japan and Korea.
 
Sneider has also worked as correspondent in India, covering South and Southeast Asia, traveling extensively in both regions. He served as a correspondent at the United Nations on two occasions. He has extensive experience covering defense and national security affairs, including as a contributor and correspondent for Defense News, the national defense weekly, and before that Defense Week, beginning in 1985.
 
Sneider's writings have appeared in many publications, including the Washington Post, Yale Global, the New Republic, National Review, the Far Eastern Economic Review, Time, the International Herald Tribune, the Financial Times, the Dallas Morning News, and the Sacramento Bee.
 
Sneider is a member of the Pacific Council on International Policy, the West Coast affiliate of the Council on Foreign Relations. He has a B.A. in East Asian studies from Columbia University and a Masters in Public Administration from the John F. Kennedy School of Government at Harvard University.

Mark Spiegel: Mark Spiegel is vice president, International Research and director of the Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco. Prior to joining the Federal Reserve, he served as an assistant professor in the Department of Economics at New York University. He has served as a visiting professor in the Economics Department of U.C. Berkeley, as well as a lecturer at the Haas School of Business at U.C. Berkeley. He has also served as a consultant at the World Bank, as a visiting scholar at the Bank of Japan, and as chairman of the Federal Reserve System Committee on International Economic Analysis. Dr. Spiegel received his Ph.D. in economics from the University of California at Los Angeles and his B.A. in economics from the University of California at Berkeley.

Dr. Spiegel has published numerous articles in both academic and policy-oriented journals on international financial issues and on economic issues associated with Asian economies. He is currently associate editor of the journal Japan and the World Economy. He co-edited the volume Financial Crises in Emerging Markets, Cambridge University Press, 2001, with Reuven Glick and Ramon Moreno. Recent Asia-related research includes “Market Price Accounting and Depositor Discipline: Evidence from Japanese Regional Banks,” and “Quantitative Easing and Japanese Bank Equity Values.”

Edwin M. (Ted) Truman: Edwin M. (Ted) Truman, senior fellow since 2001, served as assistant secretary of the US Treasury for International Affairs from December 1998 to January 2001. He directed the Division of International Finance of the Board of Governors of the Federal Reserve System from 1977 to 1998. From 1983 to 1998, he was one of three economists on the staff of the Federal Open Market Committee.

Truman has been a member of numerous international groups working on economic and financial issues, including the Financial Stability Forum's Working Group on Highly Leveraged Institutions (1999–2000), G-22 Working Party on Transparency and Accountability (1998), G-10-sponsored Working Party on Financial Stability in Emerging Market Economies (1996–97), G-10 Working Group on the Resolution of Sovereign Liquidity Crises (1995–96), and G-7 Working Group on Exchange Market Intervention (1982–83). He has published on international monetary economics, international debt problems, economic development, and European economic integration. He is the author, coauthor, or editor of Reforming the IMF for the 21st Century (2006), A Strategy for IMF Reform (2006), Chasing Dirty Money: The Fight Against Money Laundering (2004), and Inflation Targeting in the World Economy (2003).

John S. Wadsworth, Jr.: John S. Wadsworth, Jr. is Advisory Director at Morgan Stanley. Jack Wadsworth began his career at the First Boston Corporation in New York City in 1963. He rose through the ranks in investment banking at First Boston and by 1978 was an Executive Vice President, member of the Board of Directors, the Executive Committee, Co-head of investment banking. In 1978, he left First Boston to become the first partner of Morgan Stanley to join the firm from a competitor. During the 1980s, Jack was a member of the investment banking team at Morgan Stanley and initiated the high tech banking practice, started the venture capital business and help organized the leverage buyout business. One of the early results of the technology banking initiative was the IPO for Apple Computer. The early strategy of the venture capital business included the development of a very close working relationship with Kleiner Perkins Caufield & Byers.

In 1986, Jack was tapped to activate a seat on the Tokyo Stock Exchange. The firm had been designated a recipient of this opportunity along with five other foreign firms. During the five years in Japan, he built the firm's business from a small base to over 500 people and profitability. These were the days of the Japanese bubble economy and the American securities firms in Tokyo led the way to the development of a new market driven economy in Japan.

In 1991 Jack moved to Hong Kong as Chairman of Morgan Stanley Asia and proceeded to expand the firm's business in rest of the Asia. When he retired in 2001, the firm had over 2000 people, 11 offices and over a billion dollars in revenue in Asia. In addition, the firm had a healthy private equity activity based in Hong Kong and had created two joint venture investment banks one in China and one in India.

Jack is currently an Advisory Director of Morgan Stanley and Honorary Chairman of Morgan Stanley Asia. He has an office in San Francisco and is a consultant to the firm. Over the last four years, he has developed with his son Christopher, a venture capital business under the banner of Manitou Ventures. Manitou Ventures has made 14 early stage technology investments half in China and half in US all with a China theme. The success of this initiative has led to the creation of a new firm called Ceyuan Ventures with three local Chinese partners based in Beijing and Christopher Wadsworth based in San Francisco. This firm has raised $120 million. It has already made eleven investments in China and has a pipeline of significant investment opportunities primarily in the TMT space.

Jack is on the boards of Shinsei Bank, Guggenheim Museum, Williams College, The Asia Society and University of California San Francisco. He has been active in developing symposia on the Chinese and Japanese economies with the Harvard Law School and is a member of a ten person Advisory Board organized by the Chinese Securities Regulatory Commission to help develop the Chinese capital markets.

Jack is a graduate of Williams College and the Graduate School of Business, University of Chicago. He is married, living in San Francisco with three children and seven grandchildren on the west coast.