THE GLOBALIZATION
OF CHINA’S MARKETSAssessing China’s Equity and Fixed Income Markets

October 18, 2016 | SIFMA Conference Center, NYC

EVENT GUIDEASIFMA is an independent, regional trade association with over 80 member firms comprising a diverse
range of leading financial institutions from both the buy and sell side, including banks, asset managers,
law firms and market infrastructure service providers. Together, we harness the shared interests ofthe financial industry to promote the development of liquid, deep and broad capital markets in Asia.
ASIFMA advocates stable, innovative and competitive Asian capital markets that are necessary tosupport the region’s economic growth. We drive consensus, advocate solutions and effect changearound key issues through the collective strength and clarity of one industry voice. Our many initiatives
include consultations with regulators and exchanges, development of uniform industry standards,
advocacy for enhanced markets, and lowering the cost of doing business in the region. Throughthe GFMA alliance with SIFMA in the United States and AFME in Europe, ASIFMA also provides
insights on global best practices and standards to benefit the region. For more information visit:
http://asifma.org

SIFMA is the voice of the U.S. securities industry, representing the broker-dealers, banks and asset
managers whose 889,000 employees provide access to the capital markets, raising over $2.4 trillion
for businesses and municipalities in the U.S., serving retail clients with over $16 trillion in assets andmanaging more than $62 trillion in assets for individual and institutional clients including mutual funds
and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional memberof the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.

Contents
Event program.................................................................................................................................................................3
Speaker biographies......................................................................................................................................................5
Sponsors........................................................................................................................................................................... 11
Attendees........................................................................................................................................................................ 13

2

PROGRAM
8:00am - 12:50pm

10:00am - 10:50am

Registration Desk Hours

Panel: RMB Internationalization and China
on the Global Stage

8:00am - 9:00am

RMB internationalization continues to accelerate with RMB
use growing in both cross-border trade and investment
even if the pace has slowed due to the recent volatility in
China’s markets. The growth of the offshore RMB markets
has spurred investor interest, from central banks to financial
institutions and individual investors, but is this now being
supplanted by the growth of the onshore markets. In spite of
the recent volatility, are Chinese authorities still accelerating
the pace of reforms or has there been a natural pause in favorof financial stability?

Continental Breakfast
9:00am - 12:50pm

General Session
9:00am - 9:10am

Welcome Remarks
Kenneth E. Bentsen, Jr.
President and CEO
SIFMATopics will include:nGrowth in the use of RMB internationally for trade, as well
as by corporatesnIncreased investor participation in RMB by accessing
onshore China market or investing in offshore RMB
productsn

Role and function of offshore RMB markets and new
offshore RMB centersn

RMB as a component of central bank reserve
management and de facto reserve currency as well as
inclusion of the SDR

nImplications on global trade and investment including one
belt one road initiative and creation of AIIBn

China’s leadership of the G20 in 2016

9:10am - 9:20am

Opening Remarks
Mark AustenCEO
ASIFMA

9:20am - 9:40am

Accessing Shanghai Stock 		Exchange’s Market
Bo QueExecutive Vice President
Shanghai Stock Exchange

9:40am - 10:00am

China Bond Market’s Development 		
and Opening-Up
Zijuan Cao
Deputy Secretary General
National Association of Financial Market
Institutional Investors (NAFMII)

MODERATOR:Ye XieEmerging Market Reporter, 			
International Desk
Bloomberg
PANELISTS:
Mark AustenCEO
ASIFMA
Douglas J. Elliott
Partner
Oliver Wyman
Daniel Rosen
Co-Founder & China Practice Leader
Rhodium Group, LLC
Dr. Wei (Steven) Wang
Managing Director & 			
Head of Fixed Income Research
Bank of China International3

10:50am - 11:10am

12:00pm - 12:50pm

Networking Break

Panel: Stock Connect and 		
Chinese Equity Markets

11:10am - 12:00pm

Shanghai-Hong Kong Stock Connect was seen as a gamechanger for Chinese markets, allowing open access to China’s
largest exchange for the first time. Now Shenzhen Stock
Exchange, home to many more small, dynamic companies, has
become part of the scheme. This panel will examine the Stock
Connect phenomenon, how it’s structured, who gets access,and how it works.

Panel: CIBM and Fixed Income
Developments
With the advent of stock connect, it was only a matter of time
before a greater opening of the fixed income markets would
be added to the agenda of Chinese authorities. A number ofschemes have been introduced or existing ones relaxed toencourage greater investment in what is now the third largest
bond market in the world.
Topics will include:nOpening up of onshore interbank bond market for central
banks, SWFs, and multilaterals

Topics will include:nUnique structure of Stock ConnectnDaily and aggregate quotas and their implications for bothschemesn

Quirks, obstacles, and evolution of Stock Connectn

The creation of the China Interbank Bond Market program to
improve access for bond investorsn

Who is participating and what’s the stance of global
investors? What about regulators?

nRecent measures that encourage the convergence of QFIIand RQFIIn

How has Stock Connect been affected by the recent China
market volatility?

nWill panda bonds eat the dim sum market?

nnWhat is the role of FTZs in the market opening up

Why is there a big difference between southbound andnorthbound flows?

n

Inclusion of China bonds in global benchmarks/indicesnWhat’s coming for Stock Connect?

nRole of international credit rating agencies

nWhat reforms of the fixed income markets are still required

MODERATOR:
Anne Van Praagh
Managing Director, 				Credit Strategy & Research
Moody’s Investor Services
PANELISTS:
Apratim Chakravarty
Managing Director & 				Head, Offshore Asian Product Distribution
HSBC Global Markets

MODERATOR:
Jessica Morrison
Director, Head of APAC Maket Structure andCommission Management Services
Deutsche Bank AG
PANELISTS:
Craig Feldman
Executive Director, 				Index Management Research
MSCI, Inc.
Mathew Lystra
Senior Research Analyst
FTSE Russell
Emma Quinn
Senior Vice President, 				Global Co-Head of Equity Trading
AB

Simon Jin
Managing Director & 			
President of Greater China
S&P Global

Paul Saulski
Senior Counsel, Office of International Affairs
U.S. Securities & Exchange Commission

Qing Ren
Executive Director & Deputy Head of the 		International Cooperation Department
National Association of Financial Market
Institutional Investors (NAFMII)
Michael Wittich
Greater China & N.A. Head, Investors,
Financial Institutions, Client Coverage
Standard Chartered BankTae YooManaging Director, Client & Marketing Services
Hong Kong Exchanges and Clearing Limited

12:50pm

Event Adjourns
4

SPEAKERSMARK AUSTEN
CEO, ASIFMAMark Austen is the Chief Executive Officer of ASIFMA. Since joining ASIFMA in 2012, he has
led the expansion of the association to encompass Equities, Compliance, Post-Trade andAsset Management in addition to its original division for Fixed Income, and its membershiphas grown to over 80 firms. Mark’s key objectives at ASIFMA are to expand its product divisions, continue
to build a broad membership base and further strengthen its ability to act as a collective voice forthe industry. Mark was formerly with the Association for Financial Markets in Europe (AFME) as Chief
Operating Officer. Previously, he was AFME’s head of the Capital Markets Division and served as its Acting
Chief Executive from December 2009 to September 2010. Mark helped facilitate the successful merger ofthe London Investment Bankers Association and SIFMA Europe to create AFME in November 2009 andsteered the newly formed association through its first year of operation. Mark joined AFME (then called
The Bond Market Association (TBMA)) in 2005 to head up the European Primary Dealers Association(EPDA), which addressed issues of specific interest to government bond markets. He was instrumental
in the formation of the Global Rates Division, the Credit Division, and the Covered Bond Division, andalso managed the negotiation and integration of the European Securities Forum (ESF), which became
the Post Trade Division, into what was then known as SIFMA Europe. More recently, Mark was the driving
force behind the establishment of the Global FX Division and the creation of the AFME Equities Board. In
addition to his other duties at AFME, he headed up the Advocacy Division and held overall responsibility
for AFME’s financial matters and membership. Prior to joining AFME, Mark worked for MTS Group, theEuropean trading platform for fixed income securities, where he was head of Legal and Compliance. Before
his work at MTS, Mark spent three years as head of an international environmental web portal. Mark has
stepped down from his positions on the board of the International Council of Securities Associations (ICSA),
the European Capital Markets Institute (ECMI) at the Centre of European Policy Studies (CEPS), and theAdvisory Board of Quorum 15 in order to concentrate fully on his work at ASIFMA. He was a member of
the Ontario.
KENNETH E. BENTSEN, JR.
President & CEO
Securities Industry & Financial Markets Association (SIFMA)
Mr. Bentsen is President and CEO of SIFMA. Previously, Mr. Bentsen served as President, andearlier as the Executive Vice President of Public Policy and Advocacy for SIFMA, responsible
for SIFMA’s legal, regulatory, and legislative affairs and advocacy initiatives. Mr. Bentsen is also Chairmanof Engage China, a coalition of 12 U.S. financial services trade associations united in support of high-level
engagement with China. Prior to joining SIFMA, Mr. Bentsen was president of the Equipment Leasing and
Finance Association (ELFA), where he led the 700-member financial services trade association representing
commercial and investment banks, financial services companies and manufacturers in the commercial
finance sector. In that role he developed and implemented a new strategic direction for this principal
industry association. From 2003 to 2006, Mr. Bentsen was a Managing Director at Public Strategies, Inc.
where he was a strategic and management consultant principally to the firm’s financial services clients.
From 1995 to 2003, Mr. Bentsen served as a Member of the United States House of Representatives from
Texas, where he sat on the House Financial Services Committee (and its predecessor House Banking and
Financial Services Committee), and separately on the House Budget Committee. Mr. Bentsen was an active
participant in the drafting and enactment of the Sarbanes-Oxley Act, the Gramm-Leach-Bliley Act, theTerrorism Risk Insurance Act and the Commodities Futures Modernization Act. During his tenure in theCongress, he played an active role in legislation and oversight of regulations affecting bank and thrift
charters, federal deposit insurance, securities law, derivatives, and the federal government sponsoredenterprises (Fannie Mae, Freddie Mac, and the FHLB system). Mr. Bentsen was also instrumental in thepassage of the landmark Balanced Budget Act of 1997, particularly with respect to health care policy. Prior
to his service in Congress, Mr. Bentsen was an investment banker at both a major Wall Street firm and alarge regional firm, where he specialized in municipal and mortgage finance. Mr. Bentsen is a Trustee of the
Hirshhorn Museum and Sculpture Garden of the Smithsonian Institution, the Bryce Harlow Foundation and
the Center for Congressional and Political Studies at the American University. Mr. Bentsen has a B.A. fromthe University of St. Thomas and an M.P.A. from American University.

5

ZIJUAN CAO
Deputy Secretary General
National Association of Financial Market Instutional Investors (NAFMII)
Madame Cao Zijuan is currently the Deputy Secretary General of NAFMII and is in chargeof NAFMII general administration and financial management, human resource management
and international cooperation affairs. Prior to joining the Association in 2009, Madame Cao had worked for
the People’s Bank of China and served as the Deputy Director General of the Monetary Policy Department
and the Financial Market Department. Madame Cao has more than 20 years’ management experiencein the financial markets. During her tenure in the PBOC, she had involved in the policy formulation andrelevant management work in areas such as the bond market development, credit policy, real estate finance,interbank market lending and gold and foreign exchange. Madame Cao has a Masters in Economics fromSouthwestern University of Finance and Economics. Her previous research work was in areas such as credit
policy and credit products innovation, interest rate swaps innovation, bond market netting arrangements
innovation, and gold market products innovation. She was the chief editor of The Research on theDevelopment of China’s Micro-finance, and published numerous academic papers such as The Review andProspects on China’s Credit Policy.
APRATIM CHAKRAVARTYManaging Director & Head, Offshore Asian Product Distribution
HSBC Global Markets

Apratim Chakravarty is HSBC’s Head of Asian Product Distribution for Foreign Exchange,
Credit and Rates products for Europe and the Americas. An important part of his role is tohelp global investors navigate the various structural issues required to access local markets in Asia, withparticular emphasis on RMB internationalisation, and his team gives clients more convenient access tothese markets in their timezones. Prior to this role, he was based in Jakarta as Head of Global Markets for
HSBC Indonesia, where he was responsible for HSBC’s Sales, Trading, Balance Sheet and Capital Markets
businesses. He has been with HSBC since 1996, where he had worked in a variety of roles in HSBC India,
the last of which was as Head of Corporate Sales and Structuring for HSBC India. He has a B. Tech from theIndian Institute of Technology and an M.B.A. from the Indian Institute of Management.
DOUGLAS J. ELLIOTT
Partner
Oliver Wyman
Douglas J. Elliott is a Partner in the financial services consulting practice of Oliver Wyman
in New York, where he focuses on public policy and its implications for the financial sector.
He recently authored a comprehensive report analyzing the impacts of the Basel reforms. Prior to joining
the firm, he was a Fellow in Economic Studies at The Brookings Institution, the world’s premier think tank,where he worked with colleagues such as Ben Bernanke. At Brookings, he wrote and spoke extensively
on financial regulation and its international coordination. While there he wrote a number of major papers
on the Chinese financial system. He has been a Visiting Scholar at the International Monetary Fund, as
well as a consultant for the IMF, the World Bank, and the Asian Development Bank. Prior to Brookings, he
was a financial institutions investment banker for two decades, principally at J.P. Morgan. He has testified
multiple times before both houses of Congress and participated in numerous speaking engagements, aswell as appearing widely in the major media outlets. The New York Times has described his analyses as“refreshingly understandable” and “without a hint of dogma or advocacy”.

6

SPEAKERSCRAIG FELDMAN
Executive Director, Index Management Research
MSCI, Inc.
Craig Feldman is an Executive Director in the MSCI Index Management Research team. He
is based in New York where he oversees all Index Management Research responsibilities
for the Americas region. Prior to joining MSCI, Craig spent 8 years in the financial service industry asa Director at Markit and S&P. Over these years, Craig gained significant experience in understanding
investors’ increasingly complex investment processes and requirements. In particular, Craig developed
deep knowledge in the management and design of a diverse range of indexes including Equity, Fixed
Income and Credit indexes. Craig started his career as a trader and remained in this industry for 15 years
at institutions that included Chase and Lehman Brothers where he was involved in the trading of a variety
of instruments that included equities, fixed income and derivatives. Craig holds a B.S in Finance from theState University of New York at Albany and an MBA from New York University.
SIMON JINManaging Director & President of Greater China
S&P Global
Simon Jin is Managing Director and President for Greater China at S&P Global. Based in
Beijing, Simon is responsible to drive the company’s business development efforts acrossall divisions, including S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and
S&P Global Platts, in the Greater China region. He is also a member of the Asia-Pacific Leadership Council.
Before joining S&P Global Ratings in 2015, Simon spent 23 years at UBS AG, where he held senior positions
in fixed income and foreign exchange. Most recently, he was Managing Director and President of UBS(China) Ltd., where he set up the bank’s business locally and managed the expansion of its onshore fixedincome and wealth management platforms. Simon holds an MBA from The Wharton School at the Universityof Pennsylvania, a Master’s degree in Computer Engineering from Penn State University and a Bachelor’s
degree in Computer Engineering from Tsinghua University
MATHEW LYSTRA
Senior Research Analyst
FTSE Russell
Mathew Lystra is a Senior Research Analyst at FTSE Russell.
JESSICA MORRISON
Director, Head of APAC Maket Structure and Commission Management Services
Deutsche Bank AG

Jessica Morrison works in Equity Trading as Head of Market Structure for APAC from abase in Hong Kong. The role involves providing information support to both regulators andclients, speaking for the largest fund managers and the technologically sophisticated to help externalbodies understand investor needs. Jessica also heads the Commission Management product including
Commission Sharing Agreements. Industry work includes sitting on the ASIFMA Equities Trading Committee
and the FPL APAC Steering Committee as Co-Chair of the Exchanges and Regulatory subcommittee.

7

BO QUE
Executive Vice President
Shanghai Stock Exchange
BO QUE is Executive Vice President of the Shanghai Stock Exchange. Since 1994, Mr. Que
has worked in different divisions in the Shanghai Stock Exchange, including Supervisionof Listed Company, Stock and Bond Trading Management, Legal Affairs, Global Business and Market
Surveillance Department etc. Currently he oversees Global Business Development Department andHong Kong Representative Office of SSE. And he serves as Chairman of China Investment Information
Services Ltd. (CIIS), Shanghai Financial Administrative Service Co. Ltd. and Shanghai Zhuyuan ProjectManagement Co. Ltd., which are all subsidiaries of the Shanghai Stock Exchange. Mr. Que has been
involved in a wide range of business of the Shanghai Stock Exchange, including trading management,
bond business, surveillance system building, pre-listing consultation and information disclosure
supervision. He has rich experience in capital market development, listed company management andexchange self-discipline. Mr. Que Bo graduated from the Law Department of East China Universityof Politics and Law with an L.L.M. in 1994. In 2002, he was awarded a Doctorate in International Law.
EMMA QUINN
Senior Vice President, Global Co-Head of Equity Trading
AB
Emma Quinn was appointed Global Co-Head of Equity Trading in 2014. She previously
served as head of Asia-Pacific Trading, Head of Asia-Pacific Fixed Income and Australia
Equities Trading, and Head of Trading for Australia and New Zealand. Quinn joined the firm in 2001
as a senior trader. Prior to that, she worked as an equity trader at Henderson Global Investors. Quinn
holds a BBus in finance and law from the University of Technology, Sydney. She is Co-Chair of the
Asia-Pacific Regional Committee of FIX Trading Community, a Director of FIX Protocol Limited, and amember of the Markets Advisory Panel for the Australian Securities and Investments Commission (ASIC).
QING REN
Executive Director & Deputy Head of the International Cooperation Department
National Association of Financial Market Instutional Investors (NAFMII)
Qing Ren has served as Deputy-head of International Cooperation Department of
National Association of Financial Market Institutional Investors (NAFMII) since August
2012. Before joining NAFMII, she worked in PBoC covering monetary policy, rural credit cooperatives
reform, and international affairs including financial regulatory reform. Ms. Ren also worked in PBoC
Frankfurt Representative Office as Deputy Representative during 2010-2012. Ms. Ren received
her bachelor’s degree and Master’s degree in finance from China Ocean University in 2000 and2003 respectively. She studied Macroeconomics in Fachhochschule für Wirtschaft Berlin in 2008.

8

SPEAKERSDANIEL ROSEN
Co-Founder and China Practice Leader
Rhodium Group, LLC
Daniel Rosen is Co-Founder and China Practice Leader at Rhodium Group, a New York-based
economic research and advisory firm. Mr. Rosen is affiliated with a number of American
think tanks focused on international economics, and is an Adjunct Associate Professor at Columbia
University’s School of International and Public Affairs. From 2000 to 2001, he was senior advisor forInternational Economic Policy to the White House National Economic Council and National Security
Council, where he played a key role in completing China’s accession to the World Trade Organization.
Focused professionally on China’s economic development and its global implications since 1992, he
has authored or co-authored 9 major books and reports and an extensive set of shorter publications
well known to policy and business professionals as well as academics. Mr. Rosen is a Member of theCouncil on Foreign Relations and serves on the Board of the National Committee on U.S.-China Relations.
PAUL SAULSKI
Senior Counsel, Office of International Affairs
U.S. Securities & Exchange Commission
Paul Saulski is Senior Counsel in the Office of International Affairs at the Securities andExchange Commission where he focuses on issues related to China and Japan. He took
a leading role in the establishment of the high-level regulatory relationships between the SEC and theChinese Securities Regulatory Commission and the Japan Financial Services Agency. Mr. Saulski, whileserving as a Mansfield Fellow, spent a year working in the Japanese government at the Financial Services
Agency, Ministry of Finance and Bank of Japan from 2013-2014. Mr. Saulski is also an adjunct professor
at Georgetown University Law Center where he teaches courses on China’s financial markets, East Asianfinance and economic policy, and international securities regulation. He has a J.D and an M.A. in East Asianstudies from Washington University in St. Louis. He speaks Mandarin Chinese and Japanese.
ANNE VAN PRAAGHManaging Director, Credit Strategy & Research
Moody’s Investor Services
Ann Van Praagh is Managing Director at Moody’s Credit Strategy & Research. In this capacity
Anne leads a team that defines and develops macroeconomic views and provides strategic
insights on emerging risk trends and credit developments. The team produces a quarterly macro update
report as well as regional and global cross sector and thematic research. In addition, Anne is a Managing
Director in Moody’s Sovereign Risk Group, leading teams in the Americas, Asia Pacific and Middle East regions,with responsibility for ratings on roughly 90 countries and multilateral development banks. Until August
2014, Anne was Chief Credit Officer for Public Sector Ratings, responsible for the ratings performance andconsistency of Moody’s credit standards and methodologies across the global sovereign, sub-sovereignand US public finance franchises. Anne re-joined Moody’s in June 2009 following three years at Morgan
Stanley. There she worked as an investment banker on 30 senior managed financings in transportation andinfrastructure. During the preceding eight years, Anne worked on a variety of Moody’s rating teams within
the US Public Finance Group, including the US states and infrastructure ratings team. Anne has also worked
for the US Federal Government, both at the Office of Management and Budget and at the Department of
Defense. She has a Master’s degree from Columbia University’s School of International and Public Affairs
and a Bachelor’s degree from George Washington University’s Elliott School of International Affairs.

9DR. WEI (STEVEN) WANG
Managing Director & Head of Fixed Income Research
Bank of China International
Dr. Wei Wang (Steve) is a Managing Director and Head of Fixed Income Research at Bank of China
International (BOCI). His research covers macro strategy, corporate bonds and other fixed income
products, with special interests in Chinese real estate market and the offshore RMB market. He advises bondinvestors and capital markets clients from Mainland China and Hong Kong, as well as from Europe and other Asia
regions, on credits, investment strategy and portfolio management. Dr. Wang has nearly 20 years of experience in
fixed income markets and products, including various capacities previously at Merrill Lynch, SalomonSmithBarney
and Citigroup. Dr. Wang holds a Ph.D from The University of North Carolina at Chapel Hill and a B.Sc. from the
The University of Science and Technology of China. He was involved in academic research at Duke University andColumbia University before his tenure in the financial industry. Dr. Wang currently also serves as Adjunct Professor
at Chinese University of Hong Kong (Shenzhen Campus) and as Senior Research Fellow at China Renmin University.
MICHAEL WITTICH
Greater China & N.A. Head, Investors, Financial Institutions, Client Coverage
Standard Chartered Bank
Michael Wittich is the Head of Investor Coverage for Greater China & North Asia at Standard
Chartered Bank, Hong Kong. Mike is responsible for the Investor Coverage team within Greater
China, Korea and Japan. He relocated to Hong Kong from London in January 2014. Prior to this, Mike drove
the rapid expansion of Investor Coverage as Head of UK/Europe coverage over a five year period. As a senior
relationship manager, he works closely with top tier Fund Managers looking to invest in and build a presence inAsia. Mike’s knowledge of China inbound and outbound quota programmes is well respected by his client base.
Since February 2016, Mike is responsible for driving the Financial Institutions Groups CIBM initiative. The opening
up of China’s Fixed Income market is a once in a generation opportunity that is relevant to all major fund managers.
Mike coordinates the investor marketing for bond settlement and bond counterparty roles for SCB. Mike wasborn and educated in Toronto, Canada. After graduation with an MBA in International Finance and a Bachelorof Mathematics and qualifying as a Certified Public Accountant, he embarked on a 20 year career in corporate
treasury, derivative marketing and debt capital markets at a Canadian Bank. His successful expansion of theinstitutional investor network into Asia led to his joining Standard Chartered Bank as Head of Non Bank FI in 2008.
YE XIE
Emerging Market Reporter, International Desk
Bloomberg
Ye Xie writes about economies, currencies and bonds in developing countries for Bloomberg News in
New York. He joined Bloomberg in 2006 as a currency reporter before transferring to the emergingmarket team in 2010. Between 2000 and 2005, he worked at China Daily in Beijing, covering the energy industry. Ye won
the second-prize of China’s National News Award in 2003 for his coverage of the country’s plan for strategic oil reserves.
Ye has a master’s degree in journalism from Ohio University and a bachelor’s degree in international business
communications from Nanjing University in China.
TAE YOOManaging Director, Client & Marketing Services
Hong Kong Exchanges and Clearing Limited
TAE YOO serves as Managing Director in Client and Marketing Services at HKEX. His
department is responsible for Client Relationship Management, including key relationships between
HKEX and their intermediaries, global buyside, and custodians and trusts bank. Since joining HKEX in 2011, he
was co-head of platform development & strategy and head of product & index development. Yoo has over
20 years of financial industry experience with 14 years at CME Group in business development, sales and risk
management in Chicago and Asia. Prior to CME, he worked at Sumitomo Mitsui Bank (Sakura Dellsher, Inc.) andat Goldman Sachs & Co. in Chicago. Mr. Yoo holds a bachelor’s degree from the University of Notre Dame, MBAfrom the Stuart School of Business at the Illinois Institute of Technology, and GSAL program at the University of
Chicago, Graduate School of Business. He has been named an inventor on nine U.S. patents on derivatives risk
management applications.

10

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Moody’s is an essential component of the global capital markets, providing
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11

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12

ATTENDEESClayton M. Albertson
Executive Vice President
Ipreo
New York, NY

Maximilian Dunn
FX Analyst
Federal Reserve Bank of New YorkNew York, NY

Elaine LaRoche
Chief Executive Officer
CICC US Securities, Inc.
New York, NY

Mark Austen
Chief Executive Officer
ASIFMA
Hong Kong, China

Douglas J. Elliott
Partner
Oliver Wyman
New York, NY

Kenneth E. Bentsen, Jr.
President and Chief Executive
Officer
SIFMA
Washington, DC

Craig Feldman
Executive Director, Index
Management Research
MSCI Inc.
New York, NY

Douglas Lee
Deputy Head, Investment
Promotion, Invest Hong Kong
Hong Kong Economic andTrade Office
New York, NY

Albina A. Boyle
Trade Support Manager
MFS Investment Management
Boston, MA

Thomas Flynn
Managing Director
BNY Mellon Corporation
New York, NY

Zijuan Cao
Deputy Secretary-General
National Association of Financial
Market Institutional Investors(NAFMII)
Beijing, China

Rupert Hope
Director
Lazard Asset Management LLC
New York, NY

Hannah E. Cassidy
Senior Associate
Herbert Smith Freehills
Hong Kong, China
Apratim Chakravarty
Managing Director & Head,Offshore Asian ProductDistribution
HSBC Global Markets
New York, NY
Lisa ChungManager
Federal Reserve Bank of New YorkNew York, NY
Steven M. Clohecy
Senior Risk Analyst
Vanguard Group, Inc.
Malvern, PA
Victoria Cumings
Managing Director, Americas,
Global FX Division
GFMA
New York, NY
Nicholas Devlin
Senior Associate
Ernst & Young LLPNew York, NY
Elena Duggar
Associate Managing Director
Moody’s
New York, NY

Andrew Howells
Director
Haitong International Capital
LimitedNew York, NY
Nazia Hussain
Events & Outreach Associate
Moody’s Analytics
New York, NY
Simon Jin
Managing Director & 		President of Greater China
S&P Global
New York, NY
Andre Johnson
Director
Deutsche Bank AG
New York, NY
Timothy P. Kane
Vice President, Global Markets
SupportWellington Management Company
Boston, MA
Stephanie KeppenneManaging Director & Head ofCustody Products, Asset Servicing
BNY Mellon
New York, NY
Alex Khachaturian
Special Counsel
U.S. Commodity Futures 		
Trading Commission
Washington, DC

Claire Li
Associate Analyst
Moody’s
New York, NY
Merry S. LinInternational Economist, 		East Asia Office
U.S. Department of the Treasury
Washington, DC
Treasa Little
Events Intern
Moody’s
New York, NY
Elizabeth Luong-Do
Research Analyst
Toronto Financial Services Alliance
Toronto, Ontario, Canada
Mathew Lystra
Senior Research Analyst
FTSE Russell
New York, NY
Peter Matheson
Managing Director, International
Policy & Advocacy
SIFMA
Washington, DC
Janet McGrath
Director
Euroclear Bank SA/NVNew York, NY
Ian McGuinn
Business Development
Jane Street Group, LLC
New York, NY
John MedelVice President
Goldman, Sachs & Co.
New York, NY
Rudi F. Michiels
Associate Vice President
Clearstream Banking SA
New York, NY

13

Jessica Morrison
Director, Head of APAC Market
Structure and Commission
Management Services
Deutsche Bank AG
Hong Kong, China

Paul Saulski
Senior Counsel, Office ofInternational Affair
U.S. Securities & Exchange
Commission
Washington, DC

Kunal Murdia
EMFX Trader
Credit Agricole Corporate &Investment BankNew York, NY

Mark Schlarbaum
Managing Partner & 		
Portfolio Manager
Krane Funds Advisors, LLC
New York, NY

Lee D. Parker
Head of North America
Clearstream Banking SA
New York, NY

Chava Schwebel
Attorney Advisor
U.S. Commodity Futures Trading
Commission
Washington, DC

Mario PassudettiManaging Director
BNY Mellon
New York, NY
Celia M. Pedersen
Manager
MFS Investment Management
Boston, MA
Bo QueExecutive Vice President
Shanghai Stock Exchange
Shanghai, China
Emma Quinn
Senior Vice President, Global CoHead of Equity TradingAB
New York, NY
Qing Ren
Executive Director &Deputy Head of the International
Cooperation Department
National Association of Financial
Market Institutional Investors(NAFMII)
Beijing, China
Neil Roland
Press
MLex
Washington, DC
Daniel H. Rosen
Co-Founder and 			China Practice Leader
Rhodium Group, LLC
New York, NY
Andres E. Saldana
Managing Director
Wellington Management Company
Boston, MA

14

Jin Sheng
Grotius Research Scholar
The University of Hong Kong
Ann Arbor, MI
Bruce Sim
Head of North America, Customer
Relations & Customer Services
Clearstream Banking SA
New York, NY
Suzanne G. Smith
Consultant
Weehawken, NJ
Shang SongManaging Director
BNP Paribas
New York, NY
David Strongin
Executive Director
GFMA
New York, NY
Xiao-Xia (Sunny) Sun
Managing Director
BNY Mellon
New York, NY
Anita Sung
Vice President
BNY Mellon
New York, NY
Nathalia Teofilo
Associate Vice President,
Relationship Management Americas
Clearstream Banking SA
New York, NY
Joyce Thormann
Director, Head of North American
Sales and Relationship Management
Euroclear Bank SA/NVNew York, NY

Anne Van Praagh
Managing Director, 		Credit Strategy & Research
Moody’s Investors Service
New York, NY
Mark E. Vercruysse
Managing Director
DTCC
New York, NY
April Wang
Relationship Manager
BNY Mellon
New York, NY
Wei (Steve) Wang, Ph.D.
Managing Director & Head of
Fixed Income Research
Bank of China International
Hong Kong, China
Allison Watkins
Senior Audit Manager
Wells Fargo & Company
Charlotte, NC
Peter Went
Director
CLS Bank International
New York, NY
Michael Wittich
Greater China & North East
Asia Head, Investors, Financial
Institutions, Client Coverage
Standard Chartered BankNew York, NY
Ye XieEmerging Market Reporter,International Desk
Bloomberg L.P.
New York, NY
Tae YooManaging Director, Client &Marketing Services
Hong Kong Exchanges & 		
Clearing Limited
Hong Kong, China
Veronica Zapasnik
Markets Associate
Federal Reserve Bank of New YorkNew York, NY
Rachel Ziemba
Managing Director
Roubini Global Economics
New York, NY

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