
Trends in Asian
Financial Sectors
Speaker Biographies
Byongwon Bahk is Chairman and CEO of Woori Financial Group, the largest financial group in Korea. Born in 1952, Mr. Bahk graduated from the College of Law of Seoul National University and received Masters Degrees in Law from Seoul National University, in Management Science and Industrial Engineering from the Korea Advanced Institute of Science and Technology (KAIST), and in Economics from the Graduate School of the University of Washington, Seattle.
Mr. Bahk had served as a public official in the Economic Planning Board, Ministry of Finance and Economy, and in the office of the President, for 32 years. He left the government in February, 2007 to join Woori Financial Group. In the Ministry of Finance and Economy, Mr. Bahk was appointed as Deputy Minister in September, 2003, and later promoted to Vice Minister in June, 2005. He had also served as the Executive Director representing Korea, Australia, New Zealand, and Egypt in the Board of Directors of the European Bank for Reconstruction and Development in London from 1998 to 2001.
Susan L. Baker: Susan L. Baker currently serves as the Treasury
Department's Financial Attaché for Southeast Asia, based in Singapore,
where she engages private and public sector officials in the region on the
full range of Treasury's macro-economic, financial sector, and AML-CFT issues.
She has a wide range of public and private sector experience, including five
years as an international equity fund manager and two as a sell-side banking
analyst in Indonesia during the Asian financial crisis. She served as a policy
advisor -- with a primary focus on banking and corporate restructuring policy
-- for the Indonesian government, USAID, and the World Bank. Previously at
Treasury, Susan analyzed financial sector issues in China, Japan, and Australia,
and helped coordinate U.S. policies on a variety of financial regulatory issues
including hedge funds, credit rating agencies, derivatives, and insolvency systems.
She also led the U.S. delegation to the OECD Steering Group on Corporate Governance,
the global standard setter for best practices in corporate governance, and
was an active participant in OECD outreach to improve corporate governance
in emerging markets. She has a master's degree in public policy from Harvard
and a bachelor's degree in foreign service from Georgetown.
Dominic
Barton: Dominic Barton is Chairman of McKinsey & Co.
Asia, in charge of overseeing the firm's Asian offices.
Based in Shanghai, he was previously the managing partner
of McKinsey's Seoul office. Prior to moving to Seoul,
he was based in Toronto where he spent 11 years serving
a range of Canadian, U.S., and Asian corporations and
governments. He is also a member of the firm's shareholder
committee, the senior governance body of the firm,
and partner review committee. Prior to joining the firm in 1986, Barton was a currency
analyst for N.M. Rothschild's in London, monitoring
and forecasting 15 European, Asian, and Middle Eastern
currencies.
Barton holds a M.Phil. in economics from
Oxford University, where he was a Rhodes Scholar,
and a Bachelor of Arts
(economics) degree with first class honors from the
University of British Columbia in Canada.
Steven Butters: Dr.
Butters currently serves as the global leader of
the Deloitte & Touche M&A
Financial Services Practice. He is a member of its
Global Financial Services Industry Board and Executive
Committee, in addition to serving on its Global Banking & Securities
and Insurance Boards. Mr. Butters transferred to their
New York office in 2006 after leading Deloitte's
services to strategic financial services clients in
Tokyo and Shanghai since April 2000. He served as the
Lead Client Service Partner for Shinsei Bank, Ltd.,
the first foreign owned bank in Japan. He also served
as Advisory Partner for the Mitsubishi Tokyo Financial
Group (Bank of Tokyo Mitsubishi), Agricultural Bank
of China, and Bank of China in addition to serving as
the Lead Client Service Partner in Japan for AIG, Hartford
Life, and Prudential Financial. Prior to his relocation
to Asia, he served in Deloitte's National Office
where he led global initiatives within the firm's
global insurance practice.
Andrew Crockett: Andrew Crockett is President of JPMorgan
Chase International. He was General Manager of the
Bank for International Settlements from 1 January 1994
until 31 March 2003. He was Chairman of the Financial
Stability Forum from April 1999 until 31 March 2003.
From 1972 to 1989 he was a staff member of the International
Monetary Fund, and from 1989 to 1993, an Executive
Director of the Bank of England. In the latter capacity,
he was a member of the Monetary Committee of the European
Union, Alternate Governor of the International Monetary
Fund for the United Kingdom, and a member (subsequently
Chairman) of Working Party 3 of the OECD. He is a member
of the Group of Thirty and of the Board of Trustees
of the International Accounting Standards Board.
Born in Glasgow in 1943, Mr Crockett was educated
at Cambridge and Yale Universities. He is married with
three children.
Gerad Dages: Mr. Dages joined the Federal Reserve
Bank of New York in August 1988 in the Multinational
Banking Department, where he participated in examinations
of U.S. money center institutions and special projects.
He also held positions in the Domestic and International
Surveillance and Review Departments, with responsibility
for off-site analysis of domestic and foreign banking
organizations. In December 1995, he was assigned to
the Bank's Emerging Markets and International
Affairs Group, and manages the Financial Markets and
Institutions Function responsible for analysis of financial
sector developments and issues in emerging markets.
Mr. Dages was appointed an Officer in March 1993 and
was promoted to Senior Vice President in December 2006.
He has co-authored several research publications on
the implications of foreign bank participation in emerging
market financial systems, and has been a member of
Bank for International Settlements working groups on
international capital flows and financial sector FDI.
He holds a B.S. degree from the University of Illinois,
and an M.P.A. degree from the Woodrow Wilson School
of Public and International Affairs, Princeton University.
Emmanuel Daniel: Emmanuel Daniel
is the President of The Asian Banker, the research
and intelligence
company he founded in September 1996, dedicated to
providing incisive and up-to-date information and
analysis on strategic developments in the financial
services
industry. He was awarded the prestigious Citibank
Excellence in Journalism Award for the Asian region
in February
1999 for his work in determining the impact of the
Internet on banking. He is a member of the Entrepreneurs
Organisation (EO), a prestigious grouping of young
entrepreneurs worldwide, and is an associate member
of The Asia Society's Hong Kong chapter.
Daniel speaks regularly at high profile events in
the United States, Europe, and around Asia. He has served
in various governments advisory committees on the financial
services industry, and recently became a member of
Council on Corporate Disclosure and Governance in Singapore.
Daniel has two degrees from the National University
of Singapore and the University of London and attended
a course at Columbia University. Born in Kuala Lumpur,
Malaysia in 1962, he is currently resident in Singapore
and considers both countries home.
David Fernandez: David
Fernandez serves as Head of JPMorgan's Emerging
Asia Research team. Before joining JPMorgan in January
1998, Mr. Fernandez spent
five years as a professor of economics at the Johns
Hopkins University School of Advanced International
Studies where he taught international macroeconomics.
He was named Professor of the Year in 1996.
Earlier, he served as an Economist in the Council
of Economic Advisers in the administration of U.S.
President George Bush. In 1987, he joined the Federal
Reserve Bank of New York in its OECD economic research
department and in the foreign exchange intervention
group.
Mr. Fernandez has a B.A. in Economics from the University
of Pennsylvania and received a Doctorate in Economics
from Princeton University where, as a National Science
Foundation fellow, he wrote his dissertation under
Ben S. Bernanke.
In addition to his work at JPMorgan, Mr. Fernandez
is on the Advisory Board of Singapore Management University's
School of Economics and Social Sciences.
Jason George: Jason George joined
the Financial Stability Institute (FSI) as a Senior
Financial Sector Specialist
in August 2001. With broad experience in banking
supervision issues, Mr. George is primarily responsible
for disseminating
guidance on sound practices for effective banking
supervision, providing first-hand knowledge and experience
on banking
and banking supervision practices, market developments,
and risk management processes through the various
FSI courses and seminars.
Mr. George joined the FSI from Thailand, where, in
the wake of the Asian crisis, he served as an IMF advisor
to the Bank of Thailand. He worked at the Bank of Thailand,
helping to develop and implement sound policies, procedures,
and practices covering all facets of banking supervision.
In particular, he assisted in the development of and
worked on issues relating to new banking laws and regulations,
accounting rules, an examiner training school, risk-focused
onsite and offsite examination procedures, and the
capital accord and capital-related instruments. Prior
to his time in Thailand and in response to the dissolution
of the former Yugoslavia, Mr. George spent several
years at the National Bank of Croatia assisting in
the development of their supervisory function.
Mr. George's regulatory background is from
the Federal Deposit Insurance Corporation in the
U.S. where he supervised a large portfolio of financial
institutions in California. In addition, he played
an important role in the resolution of 4 out of
the 5 largest bank failures in U.S. history and directed
capital markets supervisory activities in the western
U.S.
Larry Greenwood: Larry Greenwood
has been a Vice President of the Asian Development
Bank since February 2006,
and is a career diplomat for nearly 30 years with
extensive experience in Asia, international finance,
development,
trade, and investment.
Beginning in 1976, Mr. Greenwood has served in numerous
diplomatic roles at US Embassies worldwide including
the Philippines, Senegal, Japan, and Singapore. In
2000 he was appointed US Ambassador to APEC where he
launched the organization's counterterrorism agenda
after 9/11 and secured agreement to the Secure Trade
in APEC Region (STAR) initiative. In 2003 he became
Deputy Assistant Secretary and later Principal Deputy
Assistant Secretary of the Bureau of Economic and Business
Affairs. Most recently, his major accomplishments include
the leading of the US Government delegation to the
Paris Club that successfully restructured $125 billion
of Iraqi debt, and the coordination of donor activities
in post-conflict and post-disaster situations in Iraq,
Haiti, and Pakistan.
Mr. Greenwood holds a BA in East Asian Studies from
Eckerd College, and a MALD in economics, law, and Asian
studies from Fletcher School of Law and Diplomacy.
William C. Haworth: Mr. Haworth joined the IFC in
2003 as a Chief Credit Officer responsible for Financial
Sector and Funds
exposure globally, based in Washington DC. Then in
August of 2005, he assumed responsibilities for the
IFC's financial markets portfolio in Asia. He
is currently responsible for Financial Markets Strategy
in East and South Asia and is based in Hong Kong. This
role involves intensive analysis of China, India, Russia,
Brazil, and Turkey as well as all of the other smaller
economies in East and South Asia including Indonesia,
Vietnam, the Philippines, Bangladesh, Sri Lanka, and
the Pacific Islands.
Prior to Joining IFC, Mr. Haworth worked for several
major consulting firms dealing with financial sector
development. He worked in Indonesia from 1986 until
the present and restructured State and Private Banks
before and after the crisis and was involved with the
Indonesian banking system throughout the crisis working
closely with the World Bank teams.
He has worked in over 40 countries and he has personally
conducted work on the ground in over 25 banks in over
18 countries and has personal experience working in
crisis resolution in Mexico, Venezuela, the Dominican
Republic, Russia, Poland, Indonesia, Korea, Bangladesh,
Sri Lanka, Nepal, Australia, and New Zealand.
His background includes 12 years as a practicing credit
officer with the IFC, Chemical Bank, in New York, and
with Citibank, in Saudi Arabia and the US; as well
as 16 years of financial sector consulting experience
with leading firms including: Booz Allen, Barents Group,
KPMG, and A.T. Kearney/EDS. He was CEO of Barents Group
in Washington, D.C., until the group was merged into
KPMG Consulting in 2000. He has extensive work experience
throughout Asia, the former Soviet Union, the Middle
East, and Latin America and has a keen interest in financial
sector development globally. He has lived in Saudi
Arabia, Indonesia, Singapore, Sri Lanka, Hong Kong,
and the United States.
Sri Mulyani Indrawati: Dr. Sri Mulyani
Indrawati was appointed Finance Minister as part of
a general cabinet
reshuffle by Prsident Yudhoyono on December 5, 2005.
Prior to the Cabinet reshuffle, she served as the
Minister of State for National Development Planning
(BAPPENAS).
Dr. Sri Mulyani received a Bachelor of Economics from
the University of Indonesia in 1986, and earned a Master
of Science and Ph.D. in Economics in 1990 and 1992,
respectively, from the University of Illinois at Urbana-Champaign.
After finishing her graduate studies, Dr. Mulyani became
a lecturer in the economics faculty of the University
of Indonesia where she was one of the foremost policy
experts on Indonesia's economic reform program after
the Asian Financial Crisis.
She joined the National Economic Council under President
Abdurrahman Wahid from 1999 until 2001. In 2001, she
moved to Atlanta as a visiting professor at Georgia
State University, working on a Masters Degree program
funded by USAID for Indonesian students in Regional
Economic Capacity Development. She later served as
Executive Director of International Monetary Fund (IMF)
for the 12 countries of South East Asia Group.
On October 12, 2004, she was appointed Minister of
State for National Development Planning (BAPPENAS)
by President Yudhoyono. She played a major role in
response to the Aceh tsunami disaster of December 2004
and was the key liaison for donors for several months
before the creation of the Agency for the Rehabilitation
and Reconstruction of Aceh (BRR) in late April 2005.
Minister Mulyani also worked closely on the Consultative
Group on Indonesia (CGI) process with the World Bank
and other major donors.
Douglas A. Jaffe: Douglas A. Jaffe is Research Director,
Financial Insights Asia/Pacific. He oversees the Asia
Pacific Banking Service, specializing in business and
technology issues of relevance to the regional banking
sector. Jaffe has expertise in a number of operational
areas across retail and corporate banking and has published
over 60 reports spanning various functional disciplines.
He advises banks and vendors on customer trends, competitive
positioning, strategy, and operational issues, and meets
with government bodies to offer opinions on new technologies
and trends. Jaffe joined Financial Insights Asia/Pacific
in 2003 to further expand coverage of the region. Previously
with IDC, Jaffe helped build its Asia/Pacific financial
services practice and authored an extensive research
catalog across a number of banking areas. Involved
with Asia since 1994, he has lived, worked or studied
in China, Japan, Taiwan, Hong Kong, and Singapore.
Jaffe holds a BA degree in international affairs from
the University of Pennsylvania, a Masters in Chinese
studies from the School of Oriental and African Studies
at the University of London, and a Masters of International
Affairs from the School of International and Public
Affairs at Columbia University. He spent two years
studying at National Taiwan Normal University and one
year at Beijing Qinghua University.
Randall S. Kroszner: Randall
S. Kroszner has been a Governor of the Federal Reserve
Board since March
1, 2006. Before this, Dr. Kroszner was Professor of
Economics at the Graduate School of Business of the
University of Chicago. Dr. Kroszner was also Director
of the George J. Stigler Center for the Study of the
Economy and the State and editor of the Journal of
Law & Economics. He was a visiting scholar at the
American Enterprise Institute, a research associate
at the National Bureau of Economic Research, and a
director at the National Association for Business Economics.
Dr. Kroszner also was a member of the Federal Economic
Statistics Advisory Committee at the Bureau of Labor
Statistics in the Department of Labor. Before joining the Board, Dr. Kroszner served the
Federal Reserve System in several roles. He was a visiting
scholar at the Board of Governors and a research consultant
and a member of the Academic Advisory Panel at the
Federal Reserve Bank of Chicago. Dr. Kroszner also
has been a visiting scholar at the Federal Reserve
Banks of New York, St. Louis, Kansas City, and Minneapolis.
Dr. Kroszner was a member of the President's
Council of Economic Advisers (CEA) from 2001 to 2003.
While at the CEA, he was heavily involved in formulating
the policy response to corporate governance scandals,
as well as in advising on a wide range of domestic
and international issues, including banking and financial
regulation, government-sponsored enterprises, pension
reform, corporate governance reform, terrorism risk
insurance, tax reform, currency crisis management,
sovereign debt restructuring, the role of the International
Monetary Fund (IMF), international trade, and economic
development.
Dr. Kroszner was born on June 22, 1962, in Englewood,
New Jersey. He received a Sc.B. (magna cum laude) in
applied mathematics-economics (honors) from Brown University
in 1984 and an M.A. (1987) and Ph.D. (1990), both in
economics, from Harvard University.
K. Vaman Kamath: Mr.
K. V. Kamath is the Managing Director and Chief Executive
Officer of ICICI Bank
Limited.
Born in 1947, he received a Bachelor's degree
in Mechanical Engineering from Karnataka Regional Educational
College and an MBA from the Indian Institute of Management,
Ahmedabad.
Mr. Kamath joined ICICI in 1971 in the Project Finance
division. In 1988, he moved on to the Asian Development
Bank, Manila, in their Private Sector Department where
he worked in various projects in China, India, Indonesia,
Philippines, Bangladesh, and Vietnam. In May 1996 he
returned to ICICI as Managing Director and CEO. Since
then, Mr. Kamath has helped initiate a process of consolidation
in the Indian financial sector through a series of
acquisitions of non-banking finance companies in 1996-98,
and with the acquisition of a private bank in March
2001, created the first universal bank in India.
Mr. Kamath is a Member of the Governing Board on various
educational institutions and is a Member of the National
Council of Confederation of Indian Industry (CII).
He was also named CNBC-TV18's "Outstanding Business
Leader of the Year" in 2006, Business India's "Businessman
of the Year" in 2005, and CNBC's "Asian Business
Leader of the Year" in 2001.
Elaine La Roche: Ms. La Roche currently serves as
an independent director of China Construction Bank
and sits on its Audit, Nomination and Strategy committees.
From 2005 to 2006, she was a financial executive at
Cantor Fitzgerald, a global interdealer broker. From
June 2000 until April 2005, Ms. La Roche was the Chief
Executive Officer of Salisbury Pharmacy Group, which
is in the business of acquiring, restructuring, and
operating independent community pharmacies in the Northeastern
United States. From February 1998 to June 2000, Ms.
La Roche was seconded from Morgan Stanley to serve
as the Chief Executive Officer of China International
Capital Corporation, a joint venture investment bank
in the People's Republic of China in which Morgan Stanley
is a primary shareholder. Prior to that, she worked
at Morgan Stanley from May 1978 to February 1998, including
as a Managing Director since 1987 where she served
in various capacities including as Chief of Staff to
the Chairman and President of Morgan Stanley. Ms. La
Roche graduated from Georgetown University School of
Foreign Service with a degree in International Affairs
and from the American University with a Masters of
Business Administration in finance.
Shri Vittaldas Leeladhar: Shri Leeladhar
was appointed deputy governor of the Reserve Bank of India in December 2004.
He has had a long and distinguished career in banking. Joining Syndicate Bank
as a trainee officer in 1969, Shri Leeladhar moved over to Corporation Bank
in 1980 and rose to the post of the General Manager. He was appointed as Executive
Director of Bank of Maharashtra in 1996 and in 1997 was appointed Chairman
and Managing Director, Vijaya Bank. He took over as the Chairman and Managing
Director of Union Bank of India in the year 2000. He was also Chairman, Indian
Banks' Association. As a banker, Shri Leeladhar has overseen a variety
of portfolios including credit, international banking, investments, merchant
banking, and personal banking.
Shri Leeladhar was a member of the Governing Councils of the Indian Institute
of Banking and Finance, Institute of Banking Personnel Selection, Institute
for Development and Research in Banking Technology, and the National Foundation
for Corporate Governance.
Born on December 7, 1946, Shri Leeladhar holds a first class bachelor's degree
in Chemical Engineering from Kerala University. He is also a fellow of Indian
Institute of Bankers, Mumbai.
Paul Lo: Paul Lo is President, CEO, and
CFO of SinoPac Holdings. He is also Founder and Chairman of Bank SinoPac and
Chairman of Far East National Bank after its 1997 acquisition. A graduate of
Taiwan's National Chengchi University, he earned an MBA from Indiana State
University in 1970 before joining Citibank as one of the firm's first Asian-born
executive trainees in New York City. He spent 17 years at Citibank, working
in New York and Hong Kong, then running Citibank's merchant-banking business
in Taiwan.
In 1986 Lo left Citibank to start his own finance
company in Hong Kong, investing in businesses in China.
Mr. Lo founded SinoPac in 1992 and since then has received
much recognition for his leadership at the firm, including
being named one
of the 50 Stars of Asia for Year 1999 by Business Week.
Junichi
Maruyama: Junichi Maruyama is Deputy Commissioner
for International Affairs of the Japanese Financial
Services Agency. He is in charge of the international
side of JFSA business including Banking and Securities
supervision as well as Accounting and Auditing issues,
handling multilateral and bilateral relationships
with
other major regulators.
His core expertise lies in foreign exchange and other
market related business, having assumed the positions
of Deputy Director(1989 to 1991) and Director(1997
to 2000) of Foreign Exchange and Money Market Division
of the Ministry of Finance for more than five years.
In his career at the Ministry, he has also served as
Director in charge of G-7 Finance Ministers process(2002
to 2003) and Director in charge of World Bank and other
Development Banks(2000 to 2002), as well as Deputy
Director of Commercial Bank Supervision Division(1991
to 1992).
As a career official in the Ministry of Finance,
he has also worked as Assistant Financial Attaché in
the Embassy of Japan in Washington, D.C from 1986
to 1989. Additionally, he was Director for Central
Asia at the European Bank for Reconstruction and
Development from 1994 to 1997.
Regarding his involvement with the Basle Committee
on Banking Supervision, Mr. Maruyama was first
a member of the Market Risk subcommittee(1989 to 1991),
and then moved to the Capital Liaison Group(1991
to 1992). He has attended the Main Committee meeting
several times, and is currently a member of Financial
Stability Forum, IOSCO Technical Committee and
Executive
Committee, and Advisory Council to International
Accounting Standard Board.
Barry Metzger: Barry
Metzger is a Partner at the law firm of Baker & McKenzie. He is a member of the
firm's Global Banking & Finance Practice Group
in the New York office. For more than thirty years,
Mr. Metzger has represented Asian financial institutions
and corporations internationally and has represented
foreign financial institutions and investors with operations
in Asia.
From 1995 to 1999, Mr. Metzger served as General Counsel
of the Asian Development Bank. There he was intimately
involved in the Bank's emergency assistance to Korea,
Thailand, and Indonesia during the Asian financial crisis,
in the Bank's project financing of infrastructure,
in its investment funds activities, and in its work
on legal reform in the Bank's developing member countries.
Such project finance work has included the Khimti Kola
hydropower project in Nepal, the Mei Zhou Wan and Changsha
power projects in China, and the Fauji Kabirwala power
project in Pakistan.
Hiroshi Nakaso: Hiroshi Nakaso has been Director General of the Financial Markets Department of the Bank of Japan since 2003. He began his career at the Bank in 1978, and served many years in the Financial and Payment System Office, where he mainly dealt with Japan's financial crisis during the 1990s. In 2000 he was transferred to the Bank of International Settlements in Basel, returning to the Bank of Japan in 2001 as Associate Director in the Financial Markets Department and the International Department. In addition to his current position, since 2005 he has served as Chairman of the Markets Committee, a standing committee of the Bank for International Settlements.
Mr. Nakaso was educated at the University of Tokyo with a BA in Economics.
Jong Nam Oh: Jong
Nam Oh, who finished his term as the first Korean Executive
Director of the IMF in October
2006, is currently Visiting Professor at the School
of Political Science and Economics, Waseda University
in Tokyo. He is also CEO of iGEM Consulting which he
founded in Seoul, Korea. He previously served the Korean
government for 30 years, mostly with the Economic Planning
Board, and later the Ministry of Finance and Economy.
He also worked in the Office of the President as Economic
Secretary during Kim, Dae-jung administration. From
February 2002 through September 2004, he was Commissioner
of the Korea National Statistical Office, where he
wrote a book entitled "Koreans, Your Future." He
earned his Bachelor's degree in Law at Seoul
National University, and a Ph.D in Economics and an
MBA at Southern Methodist University.
Francis Rozario: Francis Rozario is the Executive Director & CEO
of Fullerton Financial Holdings Pte Ltd. Prior to his
current appointment, he was the
President Director of Bank Danamon where he spearheaded
the successful transformation of the Bank into a major
all-purpose financial services provider in Indonesia.
A veteran international banker, Francis was a career
Citibanker who spent close to three decades with the
global financial giant. Beginning his career as a Credit
Analyst, he was promoted to Corporate Bank Head at
Citibank Dubai. He has also served as the Chief Executive
for Citibank in Nigeria, Colombia, and Ecuador before
joining Citibank in New York as Division Head of the
Global Relationship Bank for Latin America. Thereafter,
he was appointed the Head of Corporate and Investment
Bank at Citibank Taiwan in 1993. In his last appointment
at Citibank, Francis was based in London as the Global
Head for Commercial and SME Banking for Citigroup International.
Francis is the Chairman and Director of NIB Bank Ltd
(Pakistan), Fullerton India Credit Company Limited
(India), Fullerton Enterprises Limited (India), Pakistan
Industrial Credit and Investment Corporation Ltd, (Pakistan),
PICIC Commercial Bank Ltd (Pakistan).
Francis graduated from Sydenham College of Bombay
University in 1974. He attended the Program for Management
Development at Harvard University in 1987.
David H. Scott: David H. Scott joined the World Bank in 1990
and holds the position of Advisor, Financial Systems Department. Among the
role of the Financial Systems Department are to expand the frontier of policy
thinking on financial development issues, to oversee and administer the joint
IMF-WB Financial Sector Assessment Program (FSAP), to manage FIRST – a
multi-donor trust fund for financial sector TA, and to maintain and develop
the World Bank Group's core competency
in financial system oversight, including its capacity to flexibly assist client
countries in the event of financial crises.
From November 2000 until April 2005 Mr. Scott managed the Bank's financial
sector program in the People's Republic of China. Previously, Mr. Scott
was engaged in supporting governments to resolve financial sector crises, managing
the Bank's financial sector program in Korea during the Asian crisis and advising
in Mexico (1994-1996), Thailand (1997), and Ecuador (1999-2000). Mr. Scott is
a cofounder of The Toronto Centre, an executive development institute for senior
banking, securities and insurance supervisors sponsored by the Bank, the Government
of Canada, the IMF, and others, and represents the Bank on the Toronto Centre
board of directors and executive committee.
Prior to joining the Bank, Mr. Scott served for fifteen years as bank regulator
and supervisor with the U.S. Office of the Comptroller of the Currency in a
variety of positions in its Atlanta regional office and Washington headquarters.
Paul W. Speltz: Ambassador Paul W. Speltz has been President of Kissinger Associates Inc., based at Kissinger headquarters in NYC, since October 2006. From 2002 he was U.S. Executive Director, and Ambassador to the Asian Development Bank (ADB). Speltz focused on instituting major structural and financial reforms and monitoring the use and flow of nearly 7 billion USD in loans and investments made each year throughout the region. As such, he traveled extensively to work with financial, business, and government leaders throughout all of North, South, and Central Asia in the expansion of regional trade and financial cooperation and private sector investments and loans.
In 2004 while still serving at ADB, Treasury Secretary John Snow assigned Speltz the additional responsibility of "Financial and Economic Emissary to China." In this role, Speltz was responsible for leading the Treasury's and Administration's ongoing program to strengthen USA economic and financial engagement with China, assisting China in preparations for a market-based flexible exchange system, and opening China's financial markets to USA banking/financial and securities firms.
Prior to his public sector service, Speltz was in Singapore with New York based Bluestone Capital where he launched the investment bank and its online Wealth Management System, with customers that included Standard Chartered Bank.
In 1998-1999, he was a Senior Director and Advisor on Asian geopolitical activities for United Technologies Corporation. In 1981, Speltz had helped found ATC International, an Asia-based marketing and consulting company, with an emphasis on China, Japan, and other Asian countries, that represented many well-known North American and European clients in building their business in China and other major Asian markets. Speltz directed this company as Chairman and CEO for 17 years, inclusive of the period when he sold the firm to Citicorp and stayed with it as its Manager and Vice President of Citicorp based in China. Speltz bought the firm back from Citicorp some years later.
Ambassador Speltz earned his bachelor's degree in Business and an MBA from the University of Connecticut.
Jackson
Tai: Jackson Tai is Vice Chairman and Chief
Executive Officer of both DBS Group Holdings and
DBS Bank, and Chairman of the DBS Group Holdings
Management Committee. Tai joined DBS as Chief Financial
Officer in July 1999 and was President and Chief
Operating Officer of DBS Bank from January 2001 to
June 2002.
Prior to his appointment at DBS Bank, Tai was an investment
banker for 25 years with J.P. Morgan & Co. Incorporated.
During that time, Tai held senior management positions
in New York, Tokyo, and San Francisco.
Tai serves on the boards of DBS Group Holdings, DBS
Bank, DBS Bank (Hong Kong) and CapitaLand. He also
serves as a director or trustee of Asian Civilisations
Museum (Singapore), Asian Art Museum of San Francisco,
the San Francisco Symphony, Rensselaer Polytechnic
Institute, and the Committee of 100. He is a member
of the Bloomberg's Asia Pacific Advisory Board, the
MasterCard Asia/Pacific Regional Advisory Board, the
International Monetary Fund Capital Markets Consultative
Group, Seoul International Business Advisory Council,
and Harvard Business School Asia-Pacific Advisory Board.
Previously, Tai was a director of Singapore Telecommunications
and Jones Lang LaSalle.
Tai received his MBA degree from Harvard University
in 1974, and his Bachelor of Science degree from Rensselaer
Polytechnic Institute in 1972.
David K.Y. Tang: David
Tang is Managing Partner, Asia, K&L Gates, Seattle, Washington, a law firm with
more than 1,400 attorneys in 22 offices located in
North America, Europe, and Asia where he serves on
the management committee. His practice focuses on foreign
investment matters, international business transactions,
and real estate. Mr. Tang joined Preston Gates in 1979
and served as the firm's Managing Partner from
1995-1999, guiding the firm's strategic planning
and operations as the first Asian American managing
partner of a major U.S. law firm. He is currently focused
on guiding the growth of K&L Gates' practice
in Asia.
Mr. Tang is the President of the American Bar Foundation,
chairs the Higher Education group of the regional Prosperity
Partnership, is past Chair of the Greater Seattle Chamber
of Commerce and sits on the boards of the National
Bureau of Asian Research, the Pacific Council on International
Policy, and the National Committee on U.S.-China Relations,
among others. He joined the Federal Reserve Bank of
San Francisco's Board of Directors in 2003 and
began service as Chairman of the Board on January 1,
2006. Mr. Tang holds a J.D. from Columbia University
and a bachelor's degree from Harvard University.
Jesse Wang: Jesse Wang (Wang Jianxi) is Chairman of China Jianyin Investments Ltd. As one of China's top financial officials, he has had a long career in the banking and financial industries including serving as non-executive Chairman of China International Capital Co. (CICC), Vice Chairman of China SAFE Investment Co., and Assistant Chairman of the China Securities Regulatory Commission (CSRC).
Dr. Wang received his Ph. D. in accounting theory in 1990 from the Institute of Fiscal Science Research of the Ministry of Finance.
Tarisa Watanagase: Tarisa Watanagase
was appointed the governor of the Bank of Thailand
in October 2006.
Tarisa was an assistant governor of the BoT and is
the first female governor in the bank's 64-year history.
An economist, Tarisa joined the central bank in 1975.
She was appointed deputy governor in 1992. She holds
a doctoral degree in economics from Washington University
and has experience in every key department, including
monetary policy, money market, supervision, and payment
systems. She served as an economist at the International
Monetary Fund from 1988 to 1990.
Masamoto Yashiro: Masamoto Yashiro
is Senior Advisor of Shinsei Bank, previously the Long-Term
Credit Bank, which was nationalized
in October 1998. In March 2000, a consortium of foreign
investors led by Ripplewood acquired LTCB from the
government. The bank was listed on the Tokyo Stock
Exchange in February 2004. He served as Chairman & CEO
of the newly-created Shinsei Bank from 2000-2005, and
Chairman of the Board 2005-2006.
Prior to Shinsei, he was affiliated with Citigroup
for 8 years as an Executive VP and Chairman of Citicorp
Japan. Prior to 1989, he served Exxon for 30 years,
including Esso Japan as CEO and Esso Eastern as Executive
VP.
Since August 2004, Mr. Yashiro has been a member of
the Council of International Advisers of the China
Banking Regulatory Commission. From September 2004
- June 2007 he served as an Independent Director, and
from June 2007 as an Advisor to the China Construction
Bank. He also serves, since January 2006, as a member
of Temasek's International Panel.
Mr. Yashiro received a B.A. degree in Jurisprudence
from Kyoto University and an M.A. in International
Relations from Tokyo University.
Nor Shamsiah Yunus: Nor Shamsiah
Yunus was appointed Assistant Governor of Bank Negara
Malaysia in December
2004. She is responsible for overseeing the Payment
Systems, Banking and Insurance Supervision Departments
of the Bank.
She was previously the Director of the Bank Regulation
Department, responsible for the formulation of banking
regulations and policies for the orderly development
of the Malaysian banking sector. She was involved in
the setting up the institutional arrangements to strengthen
the banking system during the Asian financial crisis
that included Pengurusan Danaharta Nasional Berhad,
Danamodal Nasional Berhad, the Credit Debt Restructuring
Corporation as well as in formulating Bank Negara Malaysia's
Financial Sector Masterplan.
A Certified Practising Accountant, she joined Bank
Negara Malaysia in 1987 after graduating from the University
of South Australia with a Bachelor of Arts Degree in
Accountancy and has since been with the Bank Regulation
Department up to this appointment. Assistant Governor
Nor Shamsiah Yunus also sits on the Investment panel
of the Pilgrims Fund Board. |