Saturday, February 10, 2007, 3:30 pm – 4:45 pm
Over the past decade, Asian markets have dealt with a series of systemic shocks, from the Asian financial crisis in the late 1990's to the credit crisis more recently. In the wake of the recovery from the credit crisis, there has been a steady stream of foreign investment across the region into the financial services sector. What is the impact of these new entrants to the market? How should the local banks and institutions react to the influx of foreign capital? What are the banking reforms necessary to ensure sustainable performance? How do foreign investors target potential acquisitions? Are the "local" sources of foreign capital a viable alternative to the US/European banks?
Thomas Liaw is Professor of Economics and Finance and Chairman of the Department of Economics and Finance at St. John's University, New York. He speaks on various subjects of investment banking and capital markets at executive programs, the Asia Pacific Economic Cooperation conference, and the World Bank symposium. Professor Liaw has published articles in the areas of Treasury coupon rolls, repurchase agreements, banking, and market risks. His principal areas of interest in teaching and research include capital markets, risk management, and investment banking. He serves as president of the Chinese American Academic and Professional Society for 2005. He is also a director of the State Bancorp, Inc. and State Bank of Long Island. He serves as an advisor to several companies. Professor Liaw received his doctorate from Northwestern University. His full biography is available here (external website).
Mr. Aditya Dutt is an Executive Director in the Financial Institutions Group of Morgan Stanley in New York. Mr. Dutt joined Morgan Stanley since 2000 and has ten years of investment banking experience, having worked in the New York, Hong Kong and Singapore offices. His expertise is in capital raising and corporate finance advice for property and casualty focused insurers. In particular Mr. Dutt has been active in devising and executing post-catastrophe structured transactions for reinsurance companies. He has also been involved in several groundbreaking transactions in Asia, including the first bancassurance transaction in 1999 and establishing the first Pan-Asian reinsurer in 2006, among others. Mr. Dutt graduated from Dartmouth College with a degree in mathematics.
Ray is the Managing Director of Asian Direct Capital Management (ADCM) in Hong Kong. He has lived in Asia since 1986 and has over 10 years investment experience in all the region's key markets. He has previously held senior posts with James Capel, IFINT and Rothschild Asset Management. Ray holds a B.A. in Economics and Politics from the University of Durham and an MBA from the London Business School. His full biography is available here (external website).
Donald Tang, 42, is Chairman of Bear, Stearns, Asia and Vice Chairman, Bear, Stearns & Co. Inc. His distinctive vantage point as both a Chinese national and an Asian American business leader gives him uncommon insight into the emerging Chinese business and cultural climate. Mr. Tang is a frequent speaker and panelist at international conferences, sought out for his unique insight, forecasting abilities, and commitment to building bridges of understanding between all people. Donald Tang is a Member of the Advisory Board of RAND – Center for Asia Pacific Policy, and Chairman, Banking Reform Committee on China; Chairman of the Asia Society Southern California; Trustee of the Los Angeles County Museum of Art.