Time: Sunday, March 9, 2008, 10:05 am - 11:20 am

Panel topic: Future strategic direction of the Asset and Investment Management Industry in Asia

Three emerging trends and interaction of different market participants: - Emergence of local players in becoming global businesses (e.g. Chinese Banks / Insurance expanding abroad) - Permanent establishment of global players in the region (e.g. Bulge bracket banks in Pan-Asia, etc) - Continuous expansion of global fund managers into the region (PE/VC/HF looking for growth in Asia)

Taking into account the three trends, how will the industry play out and what is the potential mid to long-term end game?

Johnson Chng

Partner and Head of Greater China Financial Services, Bain & Co.

Johnson Chng is a partner of Bain & Company and the head of Greater China Financial Services practice area and the Beijing office. He has over 15 years of professional and industry experience in financial services globally covering North Americas, UK and 13 countries/regions in Asia.

Mr. Chng has served clients in a wide range of industries with a focus on financial services. His work includes portfolio strategy, business unit strategy, Basel II, compliance, retail banking transformation, treasury, investment banking, wealth management and core process redesign.

Over the last 15 years, Mr. Chng has worked with leading global banks, regulators, policy banks, stock exchanges, securities firms, global investment banks, fund management companies and private equity firms. During his 15 years of professional career, Mr. Chng has also worked in Societe Generale in Singapore as the Chief Credit Officer during the Asia financial crisis where he instituted the bank's credit policy and procedures and implemented the credit system across the region. In addition, he helped to restructure the bank's credit portfoilio and structure in its Asia's operations as the Chairman of the bank's credit committee.

He is also a regular speaker and lecturer in Peking University, Ren min University and Financial Insitutions in Asia.

Shan Li

Founding partner of San Shan Limited, former CEO of Bank of China International

Dr. Shan Li is a founding principal of San Shan Capital Partners, a Hong Kong-based private equity firm focusing on asset-based alternative investments in the Greater China region. He was formerly the chief executive officer of Bank of China International Holdings. Prior to joining BOCI, Dr. Li was the managing director and head of China investment banking at Lehman Brothers, deputy head of the Investment Bank Preparation Committee at the China Development Bank, executive director of investment banking and economic research at Goldman Sachs and associate of global foreign exchange trading at Credit Suisse First Boston.

Dr. Li is Vice Chairman of China Overseas-Educated Scholars Development Foundation and a regular comentator and author of various influential local and international mass media and publications on areas concerning China's economic development policy. He is deputy head of the National Center of Economic Research and a member of the board of alumni at Tsinghua University in Beijing.

Mr. Li holds a B.S. in management information systems from Tsinghua University, an M.A. in economics from University of California at Davis and a Ph.D. in economics from Massachusetts Institute of Technology.

Henry Liu

Managing Director of HankPacific Group, former Director-General at the China Securities Regulatory Commission (CSRC)

Henry Liu is Managing Director of HankPacific Group, LLC, an international merchant banking and advisory firm focusing on China. Mr. Liu also serves as Of Counsel and a senior advisor to the law firm of Heller Ehrman LLP, providing strategic advice to the firm's Asia and China Practice.

Mr. Liu served as the General Counsel and Director-General at the China Securities Regulatory Commission (CSRC), China's national regulator for securities, futures and mutual fund industries, from 1995 to 2000. During his tenure at the CSRC, Mr. Liu was responsible for administering and implementing laws, regulations and policies for China's financial and capital markets.

Mr. Liu's investment banking background has included serving as a Managing Director of Investment Banking responsible for China at Donaldson, Lufkin & Jenrette (DLJ) and Credit Suisse First Boston (CSFB) from 2000 to 2002.

In the early 1990s Mr. Liu was a principal at a U.S. law firm where he built up a China practice group and established one of the earliest formal presences in China of a U.S. law firm.

Mr. Liu was honored in the Asia Star Awards by BusinessWeek as China's national policy-maker, consecutively in 1998 and 1999. He received the Global Leader for Tomorrow Award from the World Economic Forum at the Global Summit in Davos in 1999. AsiaWeek (Time Inc.) recognized him as a "Nation Builder" at the 50th anniversary of the People's Republic of China in 1999.

Drew Mason

Partner, Jade Capital

Mr. Mason is a co-founder of China Risk Finance and a founding partner of Jade Capital Management. Mr. Mason has twelve years of experience in financial services industry in the US, Europe and Asia, including founding UBS Warburg's technology group in Asia Pacific, serving as an Executive Vice President in UBS Warburg Investment Banking Division, and completing over $45 billion dollars of mergers & acquisitions in New York, London and Hong Kong. Mr. Mason is one of the early venture investors in China, co-founding Sohu.com (NASDAQ: SOHU).

Dennis Yao (Moderator)

Professor, Harvard Business School

Dennis Yao is Lawrence E. Fouraker Professor of Business Administration and member of the Strategy Unit at Harvard Business School. He joined the faculty in 2004 after having been at the Wharton School, University of Pennsylvania. From 1991-1994 he served as Commissioner, U.S. Federal Trade Commission where he and his four colleagues had decision responsibility for antitrust and consumer protection matters in both prosecutorial and judicial roles. Professor Yao has a BSE in civil engineering from Princeton, an MBA from the University of California, Berkeley, and a PhD from the Graduate School of Business (economics group) at Stanford. Before beginning his doctoral studies he was a car product planner at Ford Motor Company. He also has served on the National Advertising Review Board.

Professor Yao's research involves the application of microeconomics and game theory to incentive and information problems affecting firms. His recent work has focused on understanding contracting and knowledge flow issues in markets for ideas and inventions. Earlier he worked on problems involving procurement and on technology-forcing regulation. Professor Yao has also written extensively in the areas of antitrust policy and non-market strategies. His work has been published in top economics, strategy, political science, and public policy journals. Professor Yao is associate editor of Management Science, associate editor of Antitrust, and is on the board of the Strategic Management Journal.