The Federal Reserve Bank of San Francisco
Home Careers Fed Links Subscriptions
FRBSF
AsiaSource is the gateway to publicly available information on Asia issued by the Federal Reserve Bank of San Francisco. The two main sources of Asia related publications and analysis are the Center for Pacific Basin Studies (CPBS), which is part of the Economic Research Department, and the Country Analysis Unit (CAU), which is part of the Banking Supervision & Regulation Department.

AsiaSource: Asian Financial Crisis Revisited:  Challenges Over the Next Decade

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.