Second GOSS PE Forum and Ninth RMI Annual Risk Management Conference

We are pleased to announce that the Second GOSS Private Equity Forum and Ninth RMI Annual Risk Management Conference was successfully held on July 30-31, 2015 in St. Regis Hotel Singapore. The theme of the Conference is “Decision Making in Financial Investment under Global Downside Risks ”.


GOSS Institute of Research Management Ltd has teamed up with the Risk Management Institute (RMI) at the National University of Singapore jointly to jointly hold the Conference. Headquartered in Hong Kong, GOSS comprises an expert team of prominent scholars in related academic areas and a research team of specialists with extensive experience in the industry and outstanding academic backgrounds.


The Conference is sponsored by the College of Business at the City University of Hong Kong, CSOP Asset Management Ltd, Antai College of Economics and Management of Shanghai Jiao Tong University, Belos Capital (Asia) Ltd, CITIC Capital Inc, China Everbright Ltd, and Guangdong Yulan Group Co., Ltd.




Keynote Speakers (arranged in the order of speech)
Mr. Yichen Zhang
Chairman and CEO, CITIC Capital Inc
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Yichen ZHANG is the Founder, Chairman and CEO of CITIC Capital Holdings Limited. Mr. Zhang began his career on Wall Street in 1987, having joined Greenwich Capital Markets, Bank of Tokyo as Head of Proprietary Trading, and Merrill Lynch as Managing Director of Debt Capital Market for Greater China. In 2000, he joined CITIC Group as the President of CITIC Pacific Communications and Executive Director for CITIC Pacific (now CITIC Limited). He founded CITIC Capital in 2002 and has been involved in all phases of the firm’s development since then. Under his leadership, CITIC Capital led a number of landmark deals, investing in some of China’s leading companies, Alibaba, Sina, Harbin Pharmaceutical, SF Express, AsiaInfo-Linkage and Focus Media. He currently sits on the boards of Sina Corporation, Weibo Corporation, Shenhua Group Corporation Limited, Harbin Pharmaceutical, AsiaInfo-Linkage and SF Express.

Mr. Zhang is a leader in the alternative investment industry. He is a board member of Emerging Markets Private Equity Association (EMPEA), Executive Committee Member and former Chairman of the China Venture Capital and Private Equity Association (CVCA), Vice Chairman of Beijing Private Equity Association (BPEA), and Vice Chairman of Tianjin Private Equity Association. Mr. Zhang is also a leader in political, economic and social communities. He is a member of the Eleventh and Twelfth National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of Center for China and Globalization (CCG), member of the Foundation Board of the Young Global Leaders of the World Economic Forum, and a member of the China Economic and Social Council (CESC).

Mr. Zhang is a leader in the alternative investment industry. He is a board member of Emerging Markets Private Equity Association (EMPEA), Executive Committee Member and former Chairman of the China Venture Capital and Private Equity Association (CVCA), Vice Chairman of Beijing Private Equity Association (BPEA), and Vice Chairman of Tianjin Private Equity Association. Mr. Zhang is also a leader in political, economic and social communities. He is a member of the Eleventh and Twelfth National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of Center for China and Globalization (CCG), member of the Foundation Board of the Young Global Leaders of the World Economic Forum, and a member of the China Economic and Social Council (CESC).

Mr. Shuang Chen
Executive Director and CEO, China Everbright Ltd
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Mr. Chen Shuang, aged 47, is a member of the Executive Committee and the Strategy Committee of the Board, the Chief Executive Officer and the Chairman of the Management Decision Committee of the Group. He is responsible for the overall operation of the Group. Mr. Chen is also an Executive Director and Deputy General Manager of China Everbright Holdings Company Limited, and the Chairman and Non-executive director of China Aircraft Leasing Group Holdings Limited (stock code: HK 1848).

Mr. Chen was an independent director of Noah Holdings Limited (Stock code: NOAH.N) from November 2010 to April 2015. He was a Director of Everbright Securities Company Limited (stock code: SH 601788) from August 2007 to October 2014. He was a supervisor of China Everbright Bank Company Limited (stock code: SH 601818, HK 6818) from December 2007 to October 2014. He was an independent Non-Executive Director of China Nonferrous Mining Corporation Limited (stock code: HK 1258) from June 2012 to August 2014. He is currently a non-official member of Financial Services Development Council, the Honorary Chairman of Chinese Financial Association of Hong Kong, the Vice-Chairman of Chinese Securities Association of Hong Kong and the visiting professor of East China University of Political Science and Law.

Mr. Chen holds a Master of Law Degree from East China University of Political Science and Law and a Diploma in Legal Studies from the School of Professional and Continuing Education of the University of Hong Kong. He is a qualified lawyer in the PRC and a senior economist. Prior to joining China Everbright Group, Mr. Chen was the Chief of the Legal Department of Bank of Communications. He has over 22 years of extensive experience in commercial banking and investment banking. He joined the Board in August 2004.

Prof. Arthur P. Dempster
Emeritus Professor of Theoretical Statistics
Harvard Statistics Department
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Arthur Dempster studied some physics and mostly mathematics as an undergraduate at his hometown University of Toronto. While working briefly in an actuarial program in Toronto he discovered probability and statistics, which he adopted as a career, studying in the mid-50s with Sam Wilks and John Tukey who ran a small statistics program in the Princeton Mathematics Department.

He joined Fred Mosteller and Bill Cochran in the new Harvard Statistics Department in 1958 where he supervised about 50 PhD theses over a long career, becoming Emeritus Professor of Theoretical Statistics in 2005. His interests have ranged broadly over theory and applications. He is best known for the theory of belief functions (“Dempster-Shafer”) which he introduced in the 60s, and the EM algorithm from the 70s. He continues to work on innovative aspects of Dempster-Shafer.

Prof. Eric Ghysels
Berstein Distinguished Professor of Economoics
Professor of Finance
University of North Carolina - Chapel Hill
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Eric Ghysels is the Bernstein Distinguished Professor of Economics at the University of North Carolina - Chapel Hill and Professor of Finance at the Kenan-Flagler Business School. His main research interests are time series econometrics and finance. He obtained his Ph.D. from the Kellogg Graduate School of Management at Northwestern University. He has been a visiting professor or scholar at several major U.S., European and Asian universities. He gave invited lectures, including at the World Congress of the Econometric Society, the American Statistical Association Meetings, and several (EC)2 Conferences, among many others. He serves on the editorial boards of several academic journals and was co-editor of the Journal of Business and Economic Statistics (2000-2003) and is currently editor of the Journal of Financial Econometrics.

He has published in the leading economics, finance and statistics journals and has published several books. He is a fellow of the American Statistical Association and The Journal of Econometrics. He is also the Founding Co-President of the Society for Financial Econometrics (SoFiE). His most recent research focuses on MIDAS (mixed data sampling) regression models and related econometric methods. He was recently Resident Scholar at the Federal Reserve Bank of New York and Duisenberg Senior Fellow at the European Central Bank.



Panelists (arranged in the order of session)
Mr. Tim Craighead
Director of Asian Research and Senior Gaming Analyst
Bloomberg Industries
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Tim Craighead is a senior analyst and the headof Asian research for Bloomberg Industries, a dynamic platform for in-depth industry intelligence available on the Bloomberg Professional service at BI . His group aggregates Asia and Global data and publishes analysis for industries ranging across communications, consumer, financials, health care, industrials, materials and technology.

Mr. Craighead has more than 25 years of experience in investment research.Prior to joining Bloomberg Industries, he worked at firms such asKetchem Creek Capital Management and Goldman Sachs. Over his 21 year career at Goldman Sachs, Mr. Craighead managed the investment review committee process for the U.S. research department, ran product management and wrote a global themes research product. He began his career at Goldman Sachs as an equity research salesperson.

Mr. Craighead holds a master’s degree in business administration from the University of Chicago and abachelor’s degree in finance and economics from James Madison University, where he was valedictorian of his class.

Mr. Linbo He
Senior Managing Director
China Investment Corporation
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Dr. Linbo He (Ludwig) is a Senior Managing Director in the Private Equity Investment Department at China Investment Corporation (CIC). The Private Equity Investment Department is responsible for CIC's overseas private equity fund and direct investment in non-commodity sectors, real estate and private debt. Previously, Dr. He had headed CIC's Fixed Income & Absolute Return Investment Department, Public Market Investment Department, and Asset Allocation and Strategic Research Department. Prior to joining CIC, Dr. He worked at a number of financial institutions in Germany including Commerzbank, HypoVereinsbank, Talanx Investment, etc. During that time he held senior management positions such as Head of Jumbo-Pfandbriefe Trading, Head of Fixed Income Fund Management and Member of Investment Committee. Dr. He received his Bachelor of Science degree from Peking University, Master of Managerial Engineering from Tsinghua University, both in China, and Dr. rer. pol. (in Corporate Finance) from Universitaet zu Koeln, Germany.

Mr. Meng Ann Lim
Adjunct Faculty
Singapore Management University
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Lim Meng Ann has 20 years of experience in private equity, of which 10 were in leadership positions for Government of Singapore Investment Corp (“GIC”) and Actis, a London-based private equity firm focused on Asia, Africa & Latin America. Mr. Lim was with GIC between 1997 and 2007. During this period, he personally led a number of landmark private equity investments, such as CNOOC Ltd, China’s third largest oil and gas company. This investment is probably the earliest and biggest private equity investment in a central government level state-owned company. He also led GIC’s 2003 investment in Industrial Bank, a national wide joint stock commercial bank headquartered in Fujian, one of the earliest foreign investments in Chinese banks. He was Executive Vice President and Head of Greater China for GIC’s private equity investments when he left in 2007 to join Actis. As Partner and Regional Head for China and South East Asia, Mr. Lim steered Actis to be a pioneer of mid-market buyouts, anchored by strong sector-focused strategy and value adding capability. Among the notable Actis’s deals were XiabuXiabu, a hotpot restaurant chain with close to 400 stores in China, and 7 Days Inn, China’s second largest budget hotel chain with more than 2,000 hotels. XiabuXiabu was Actis’s first buyout deal in China, and was followed by 5 others. 7 Days Inn was invested by Actis twice, first to provide growth capital and later in a de-listing exercise from New York Stock Exchange. Mr. Lim was also member of Actis’s Global Executive Committee and Investment Committee. He left Actis in 2013 to pursue other interests. He is now an Adjunct Faculty at Singapore Management University, where he teaches private equity.

Mr. Lim holds a MBA from Strathclyde University, Scotland and BSc (Engineering) First Class Honours from University College London. He also attended Stanford Executive Program. He is a Chartered Financial Analyst.

Mr. Colin Toh
Head of Commodities
Bank of America Merrill Lynch Asia Pacific
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Colin Toh is Head of Commodities in Asia Pacific for Bank of America Merrill Lynch. In this role, Colin looks after the day-to-day Commodity business and oversees the Commodity team in the Asia Pacific region. Before Colin took on his current role, he was responsible for structuring and executing commodity investments and hedging solutions for asset managers, financial institutions, sovereign wealth funds, private investors and corporates as Asia Pacific Head of Commodity Investor Solutions. Prior to joining the firm, Colin was performing similar management roles at Goldman Sachs & Co. based in Hong Kong and Merrill Lynch Commodities based in Singapore. Earlier on in his career, Colin was a senior commodity structurer at Barclays Capital based in London. Colin started his career with the Monetary Authority of Singapore in the Reserve and Monetary Management Department, where his main responsibilities include conducting Monetary Policy via the Foreign Exchange Market / Money Market and issuing Singapore Government Securities in the Fixed Income Market. Colin was a recipient of the Director’s Scholarship from the University of Cambridge and the British Chevening Scholarship from the UK government. Colin holds a Masters of Science in Financial Engineering from the National University of Singapore and Masters of Business Administration from the University of Cambridge. He graduated from the National University of Singapore with an Honours degree in Finance.

Ms. Fayanna Wang
Regional Director
Wind Information Hong Kong Limited
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Fayanna joined Wind Information in 2010, then in charge of the business development in Asia Pacific Region, including but not limited to Hong Kong, Taiwan, Singapore, Korea.

Wind Information Co., Ltd (Wind Info), headquartered in the Lujiazui Financial Center in Shanghai, is a leading integrated service vendor for financial data, information, and software. The company owns subsidiaries in international financial hubs, like Hong Kong, Taiwan, USA. Wind Info serves more than 90% of the financial enterprises in China, including securities firms, fund management firms, insurance companies, banks, and investment firms. Wind Info serves 75% of the Qualified Foreign Institutional Investors (QFII) overseas. Additionally, most renowned financial research institutions and regulatory committees are on Wind Info’s client list. Wind Info has built up a substantial, highly-accurate, first-class financial database, which includes stocks, funds, bonds, FX, insurance, futures, derivatives, commodities, and macroeconomic and financial news.

Mr. Jack Wang
Deputy CMO and Head of Sales
CSOP Asset Management Limited
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Mr. Jack Wang is a Managing Director, Deputy CMO, and Head of Sales at CSOP Asset Management where he is responsible for firm's global distribution effort and has a special focus on the development of RQFII related products. He is also the current Chief Secretary for Chinese Asset Management Association of Hong Kong. Before joining CSOP, Jack was an Executive Director at Goldman Sachs Asia and responsible for Greater China multi-asset distribution. Prior to Goldman, Jack worked as an associate in Deutsche Bank with experience in both equity derivatives and credit derivatives market. Jack received a Bachelor of Science from Tsinghua University in Beijing.

Mr. Hanson Wong
Chief Executive Officer
Belos Capital (Asia) Ltd
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Hanson Wong is Chief Executive Officer of Belos Capital (Asia) Limited. Hanson previously served as the head of the Risk Management Group for Arrow Financial Services LLC (A Sallie Mae Company) that invested over USD 2 billion in capital for over USD 25 billion in face value of receivables. Hanson was instrumental in developing Arrow's debt purchase platform in the U.S., Canada and Europe and in Arrow's structured finance business in New York.

Prior to joining Arrow Financial New York Office in 2002, Hanson had spent 4 years in proprietary investing, strategic developing and restructuring in Hong Kong before earning his MBA degree (with distinction) from Thunderbird School of Global Management. While at Thunderbird, he also worked as the Asia-Pacific Strategy Consultant for MasterCard Worldwide Co-branding Group. Hanson earned his BA from Beijing Normal University, China and MPAcc from Monash University, Australia. Hanson graduated from 5th Executive Leadership Program in Global Finance at Chinese University of Hong Kong. He is a CFA charter holder and an FRM. He is fluent in English, Mandarin, Cantonese and Taiwanese. Besides his professional life, Hanson actively volunteered at New Life Methodist Church at Woodhaven New York and in New York Cares during his time in the US. Currently, Hanson mentors many students in both US and China.

Dr. Philip Zhai
Chief Executive Officer
China Alpha Fund Management (HK) Ltd
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Prior to this, Philip Zhai was a Managing Director of J.P. Morgan Investment Banking, China Coverage and a Managing Director of Macquarie Capital Hong Kong for their China operation. Before his career in investment banking, Dr. Zhai was Head of Investments at Shanghai Industrial Holdings Ltd., a Hong Kong listed red chip company with substantial investments in China infrastructure, property, consumer and technology space with 4 billion net asset under management. Dr. Zhai obtained his Ph.D. degree from Cambridge University and Bachelor degree in Materials Engineering from Tsinghua University

Dr. Xueping Wu
Associate Professor
College of Business
City University of Hong Kong
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Dr. Xueping Wu is Associate Professor at the Department of Economics and Finance of the City University of Hong Kong. His research interests are both theoretical and empirical, covering Corporate Finance, Asset Pricing and Capital Markets, and International Finance. His work has been published in top finance journals. To list a few, his papers have looked at return momentum analysis under conditional asset pricing, the generalization of the Myers-Majluf model, and bank rent extraction in Japan’s main bank system. His recent research seeks to establish a theory of growth type compatibility in corporate finance – a theory that explains why firms grow and seek financing in a persistent way with asymmetric informational imperfections. He has won several best paper awards, including the 1999-WFA Award for the Best Paper in Corporate Finance. He obtained his undergraduate and master degrees in management engineering in Tongji University (Shanghai), and his MBA and PhD in Finance from K.U. Leuven (Belgium).

Ms. Ng Chuin Hwei
Lead Specialist
ASEAN+3 Macroeconomic Research Office (AMRO)
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Ms Ng Chuin Hwei is responsible for supporting AMRO economists in banking sector surveillance and financial stability issues in their surveillance work.

Prior to joining AMRO, Ms Ng served for 20 years in the Monetary Authority of Singapore (MAS) in diverse central banking functions, with her last held position as Director in the Prudential Policy Department responsible for banking regulatory policy including prudential limits, policies on housing and unsecured credit, and deposit insurance.

She also served as a bank supervisor leading a team supervising foreign banks in Singapore from 2004 to 2008, in international relations handling ASEAN and Financial Action Task Force (FATF) issues from 2001 to 2003, and as an economist conducting surveillance on China and ASEAN from 1994 to 1999.

Ms Ng holds a B.A. (summa cum laude) in Economics from Yale University, and a Master in Public Policy from the John F. Kennedy School of Government in the USA.

Mr. Ilhyock Shim
Principal Economist
Representative Office for Asia and the Pacific
Bank for International Settlements(BIS)
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Mr Shim is currently Senior Economist at the BIS Representative Office for Asia and the Pacific located in Hong Kong SAR. His primary responsibilities include conducting research on financial stability and market issues and organising high-level meetings for Asia-Pacific central banks. Before he was assigned to Hong Kong SAR in September 2007, he had worked for the BIS in Basel for three years as Economist at Financial Institutions and Infrastructure Unit of the Research and Policy Analysis Group, where he conducted research on financial stability, macroprudential issues, international banking, and Basel II.

He began his career as a Deputy Director in the Korean government in April 1996. Between February 1997 and July 1999, he worked at Korea Ministry of Finance and Economy as Deputy Director in charge of the deposit insurance system and financial sector restructuring during the Korean financial crisis. From December 2009 to November 2010, he was Advisor to the G20 Affairs Office of the Bank of Korea, and helped Korea chair the G20 process in 2010.

Mr Shim obtained a Bachelor’s and a Master’s degree in Economics from Seoul National University and Ph.D. in Economics from Stanford University. He published in academic journals seven articles on optimal dynamic banking regulation, optimal IMF lending contract, distress selling and asset market feedback, the impact of CDS trading on the bond market in Asia, dislocations in the won-dollar swap markets during 2007-2009, and the impact of capital flow management policies on cross-bond market correlations. He has also made several BIS publications on topics such as "Comparative Assessment of Macroprudential Policies", “Can Non-interest Rate Policies Stabilise the Housing Market: Evidence from a Panel of 57 Economies”, “Database for Policy Actions on Housing Markets”, “Credit Derivatives and Structured Credit in Asia and the Pacific”, and “What can (Macro)prudential Policy do to Support Monetary Policy?”

Mr. Nai Seng Wong
Assistant Managing Director
Policy, Risk, & Surveillance Group
Monetary Authority of Singapore
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Mr Wong Nai Seng is the Assistant Managing Director of the Policy, Risk and Surveillance Group, overseeing prudential policy, macro-surveillance and specialist risk supervision.

Prior to this appointment, Mr Wong headed Banking Department II, which is responsible for supervising foreign banks, remittance agents and money changers. During his time with MAS, Mr Wong has worked in various areas, including securities regulation, strategic planning, prudential policy, and macroprudential surveillance.

Mr. Lutfey Siddiqi
Global Head
Emerging Markets - FX, Rates & Credit
UBS

Adjunct Professor, RMI
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Lutfey Siddiqi is a member of the global executive committee for FX, Rates and Credit (FRC) at UBS investment bank - with overall responsibility for the Emerging Markets business. Concurrently, Lutfey is an Adjunct Professor at the Risk Management Institute, National University of Singapore.

He is a member of the World Economic Forum’s Global Agenda Council (Financing & Capital) and the Young Global Leaders' community. Prior to joining UBS in September 2010, Lutfey worked at Barclays and Deutsche bank London.

A CFA charter-holder, he has a Masters in Economics from the London School of Economics, a first-class Bachelors in Econometrics from the University of York, and the International Baccalaureate from UWC Atlantic College.

Mr. Lalith J. Fernando
Chief Risk Officer
Bank of Ceylon
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Prior to being appointed as Chief Risk Officer, he served as the Assistant General Manager (Risk Management/ Compliance) and the Acting Chief Risk Officer.

Joined the Bank in 1986, Mr. Fernando has over twenty nine years of experience in banking & financial services and has expertise in diverse fields including branch banking, investment banking, international banking and treasury operation.

MEngaged in Risk Management related activities of the Bank for the last twelve years, Mr. Fernando was instrumental in establishing the Integrated Risk Management Division of the Bank. He has been awarded the FRM designation by the Global Association of Risk Professionals - USA. This designation is globally regarded as having gained risk management expertise. He is also a renowned resource person in Risk Management for the University of Sri Jayewardenepura Sri Lanka, Institute of Bankers of Sri Lanka and the Centre for Banking Studies-Central Bank of Sri Lanka. On the invitation of Saudi Monetary Agency he successfully conducted several programs on Credit Risk Management to Saudi bankers at Institute of Banking Riyadh as well.

Mr. Fernando was a panel speaker in the conference conducted by IDC Financial Insights Singapore in February 2010.

Mr. Fernando holds a Bachelor of Science in Statistics from the University of Peradeniya, Sri Lanka and obtained his Master of Science in Management from the University of Sri Jayewardenepura, Sri Lanka. He is a Fellow Member of the Institute of Bankers of Sri Lanka.

Mr. Fernando has now been appointed as the President of the Banking Sector Risk Professionals Association of Sri Lanka.

Mr. Xinquan Hu
Chief Risk Officer and Deputy Country Head
Bank of China (Singapore)
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Being Chief Risk Officer and Deputy Country Head of Bank of China Limited, Singapore Branch, Mr Hu Xinquan is overseeing the Branch's credit risk, market risk, operational risk, legal & compliance risk, reputation risk and other risk-taking activities across the Branch. He is also accountable for credit approval of BOC Singapore.

Mr Hu has more than 20 years of experience in banking industry, specialized in risk management and credit financing. Before he was assigned to BOC Singapore in 2011, Mr Hu was responsible for risk policymaking and credit authentication to mainland branches’ approval of the bank. Mr Hu received his Bachelor of Law from Renmin University of China, and he is also awarded lawyer's qualification in China.

Mr. Elbert Pattijn
Chief Risk Officer
DBS Bank Ltd
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Elbert Pattijn is Chief Risk Officer and member of the Group Executive Committee of DBS Group Holdings Ltd.

Pattijn joined DBS in October 2007 as Managing Director and Head of Corporate and Investment Banking (CIB), responsible for DBS’ corporate and investment banking activities in the region. Pattijn brings with him more than 26 years’ experience in the banking industry.

Before joining DBS, he was Head of Debt Products Origination, Asia for ING Bank, where he was in charge of overseeing the Debt Capital Markets, Securitisation and Syndicated Lending product groups. Prior to this he was Head of Counterparty Risk, Country Risk, Risk Research and Modelling for ING Group in Amsterdam.

Previously, Pattijn held progressively senior positions at Barclays Bank and ABN Amro. A Dutch national, Pattijn holds a Master Degree in Law from the University of Leiden in The Netherlands.

Prof. Steven Kou
Director
Risk Management Institute (RMI)

Provost's Chair Professor of Mathematics
NUS
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Steven Kou is the Director of the Risk Management Institute. He is also a Professor of Mathematics at National University of Singapore. Formerly from Columbia University’s Department of Industrial Engineering and Operations Research, Professor Kou joined NUS as a Professor in Mathematics and Provost’s Chair in 2013.

Recognised internationally as one of the best in the research areas of Financial Mathematics/Engineering, Professor Kou’s most important works are on modelling jumps in asset pricing for equity, credit and fixed income markets and pricing of path-dependent options. His scholarly achievements have been recognised by the scientific community, as demonstrated by his receipt of the Erlang Prize (2002) from INFORMS, the leading association for professionals in the fields of analytics, management science and operations research. Professor Kou is currently also serving in the editorial boards of several top journals in his field, including Mathematical Finance, Mathematics of Operations Research, Advances in Applied Probability, and Journal of Business and Economic Statistics.

Mr. Yen Chu Cheng
Partner
Finance & Risk Practice
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Yen Chu Cheng is a Partner based in Oliver Wyman’s Singapore Office. He has over ten years of experience working with major financial institutions globally on finance and risk engagements. He joined the New York office following his graduation from University of Pennsylvania, before moving to the Singapore office in January 2009.

Yen Chu’s consulting work has focused on risk and capital management, both in the context of Basel requirements and strategic business applications. Recent significant projects include assisting clients with development, cascading and operationalization of risk appetite statement, linking of risk into strategic planning and budgeting processes, improvement of RWA usage and efficiency, as well as risk-adjusted performance management and pricing. Yen Chu has also worked with over a dozen banks globally to develop and validate risk analytical tools including credit, economic capital and pricing models.

Yen Chu holds a Master’s degree in Electrical Engineering and Bachelor’ degree in Science in Economics (Finance) from University of Pennsylvania.

Mr. Dominic Lim
Managing Director and Director of Risk & Performance Management (RPMD)
the GIC Group
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Dominic Lim is currently Managing Director and Director, Risk & Performance Management (RPMD) for the GIC Group. In his role, Dominic actively leads the department in thinking of ways to be more effective in influencing risk-return decisions and establishing a robust risk management framework across GIC. He oversees the allocation of risk capital and setting of value-added targets. The department also ensures that risks are properly identified, understood, made transparent and that there is no outsized risk that will permanently impair a strategy or the total portfolio.

Dominic joined GIC as Senior Vice President, Special Projects, RPMD, in 2012. He also led the Enterprise Risk & Performance division to develop GIC’s enterprise risk management framework. Prior to joining GIC, Dominic was Managing Director & Head, Market Risk Analysis & Reporting at UBS AG. Dominic started his career as an Audit Assistant with Ernst and Young Singapore. In 1996, he joined UBS AG where he held various key appointments including Head of Market Risk Control (Singapore), Credit Traded Products (Europe) and Market Risk Methodology. Dominic graduated with a Bachelor of Accountancy from Nanyang Technological University in 1994.

Ms. Marcia Banks
Associate Professor
IACPM
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Dominic Lim is currently Managing Director and Director, Risk & Performance Management (RPMD) for the GIC Group. In his role, Dominic actively leads the department in thinking of ways to be more effective in influencing risk-return decisions and establishing a robust risk management framework across GIC. He oversees the allocation of risk capital and setting of value-added targets. The department also ensures that risks are properly identified, understood, made transparent and that there is no outsized risk that will permanently impair a strategy or the total portfolio.

Dominic joined GIC as Senior Vice President, Special Projects, RPMD, in 2012. He also led the Enterprise Risk & Performance division to develop GIC’s enterprise risk management framework. Prior to joining GIC, Dominic was Managing Director & Head, Market Risk Analysis & Reporting at UBS AG. Dominic started his career as an Audit Assistant with Ernst and Young Singapore. In 1996, he joined UBS AG where he held various key appointments including Head of Market Risk Control (Singapore), Credit Traded Products (Europe) and Market Risk Methodology. Dominic graduated with a Bachelor of Accountancy from Nanyang Technological University in 1994.


Scientific Program Speakers (arranged in the order of speech)
Prof. Jianbo Yang
Professor and Chair of Decision and System Sciences
Manchester Business School
University of Manchester
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Prior to his current appointment, he was a lecturer in operational research at the School of Manufacturing and Mechanical Engineering, the University of Birmingham (1995-1997). His previous appointments include senior research associate in engineering design evaluation and optimisation at the University of Newcastle upon Tyne (1991-1995) and associate professor in systems engineering at Shanghai Jiao Tong University of China (1987-1991).

Over the last twenty years, Professor Yang has been conducting research in the areas of multiple criteria decision analysis using both quantitative and qualitative information with uncertainties, hybrid decision methodologies using techniques from both operational research and artificial intelligence, multiple objective optimisation, linear and non-linear programming, intelligent decision support systems, and dynamic system modelling, simulation and control of engineering and management systems. The current application areas cover design decision-making, quality management, risk and safety assessment, supply chain management and environmental management.

As a principal investigator and co-principal investigator, he has been awarded over 14 major research projects by national and international funding bodies with a total value of over 1.6m since 2001, including eight EPSRC funded research projects, one EC funded research project, one DEFRA research project, one ESRC funded research project, two research projects funded by the Hong Kong Research Grant Council and one research project funded by the National Natural Science Foundation of China, supervising a number of research fellows and research associates. He has collaborated with many organisations in research projects and consultancy. A list of the names of such organisations can be found by clicking the "Interests" menu at the top of the page. He has published three books and over about ninety papers in national and international journals and a similar number of papers presented at national and international conferences. He has also designed and developed several large software packages including a Windows-based Intelligent Decision System (IDS) via evidential reasoning.

Professor Yang was given the Science and Technology Award for Young Scientists and Engineers by the China Association for Science and Technology in 1988, and Research Fellowships by British Council and the Alexander von Humboldt Foundation of Germany in the early 1990s. He is a member of the UK Operational Research Society and the China Society of Systems Engineering. He sits on editorial boards for four international journals including IEEE Transactions on Systems, Man and Cybernetics - Part A: Systems and Humans, and he is a member of the UK EPSRC Peer Review College.

Prof. Jeff Hong
Chair Professor
College of Business
City University of Hong Kong
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Professor Jeff Hong received his PhD in Industrial Engineering and Management Sciences from Northwestern University in 2004, MSc in Applied Mathematics from the University of Cincinnati in 2001, and BEng in Automative Engineering and BEng in Industrial Engineering from Tsinghua University in 1999. Prior to joining the City University of Hong Kong, he was Professor and Director of Financial Engineering Laboratory in the Department of Industrial Engineering and Logistics Management at the Hong Kong University of Science and Technology. Professor Hong’s research interests include management sciences, operations research, financial engineering and risk management, and financial analytics. He published extensively on leading academic journals such as Management Science, Operations Research and INFORMS Journal on Computing. He was the winner of the 2009 Operations Best Paper Award from the Institute of Industrial Engineers, the 2012 Outstanding Simulation Publication Award from the INFORMS Simulation Society, and the inaugural Outstanding Research Award from the Operational Research Society of China in 2014. He is currently an Associate Editor of Operations Research, Naval Research Logistics and ACM Transactions on Modeling and Computer Simulation.

Prof. Dongling Xu
Chair of Decision Science and Systems
The University of Manchester
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Dr Dong-Ling Xu is Professor of Decision Science and Systems and head of Decision and Cognitive Sciences group in Manchester Business School, the University of Manchester. She has published over 150 papers with many in peer reviewed highly regarded international journals. Her current research interests are in the areas of evidential reasoning for inference and decision making under uncertainty, and their applications in risk analysis, consumer preference identification, supplier selection, environmental impact assessment, healthcare and clinical decision support systems, and sustainability management. She developed several statistical pipeline leak detection systems for companies such as CNOOC, Shell and BP. She has also developed several decision support tools including IDS (Intelligent Decision System www.e-ids.co.uk) which is used by researchers and practitioners from over 50 countries.

Dr. Dennis M. Wu
Director
Dept. of Fundamental Theories
GOSS Institute of Research Management
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Dr. Dennis M. Wu received the B.S./M.Eng in 2004 and the Ph.D. in electrical engineering (EE) in 2008, from MIT. Prior to attending MIT, he studied EE at National Taiwan University for two years. He was an associate quantitative analyst focusing on foreign currency derivatives in the Tokyo office of Goldman Sachs until 2009, and an executive director in the Hong Kong office until the end of 2011. Since 2012 he has served as a senior researcher and the director of the fundamental theories department at the GOSS Institute of Research Management working on intelligent quantitative solutions for decisions making in financial investments. Dr. Wu was a bronze medalist at the 1997 International mathematical Olympiad held in Mar del Plata, Argentina, and he won an honorable mention for the 2004 U.S. National Science Foundation Graduate Research Fellowship.


Conference Agenda

Thursday, 30 Jul 2015
Time Event Speaker
8:30-9:00 REGISTRATION
9:00-9:10 WELCOME AND INTRODUCTORY REMARKS Mr. Quanjian Gao
Prof. Steven Kou
9:10-10:00 KEYNOTE SPEECH
Development and Transformation of Buyouts in Private Equity - An Asian PE Industry Perspective
Mr. Yichen Zhang
10:00-10:20 COFFEE BREAK
10:20-11:30 THE SUCCESS AND FAILURE OF PRIVATE EQUITY AS AN ALTERNATIVE ASSET
- Industry perspectives of a successful private equity business
- Are there potentials in start-ups and slump industries
- Private equity versus public listed investments
- Regulations to protect private equity investors
- Allocations of Alternative Assets in Portfolio Management
Mr. Tim Craighead
Dr. Linbo He
Mr. Meng Ann Lim
Mr. Colin Toh
Ms. Fayanna Wang
Mr. Jack Wang
Mr. Hanson Wong
Dr. Philip Zhai

Session Chair: Dr. Xueping Wu
11:30-12:40 THE EVOLVING PARADIGM OF REGULATION AND RISK MANAGEMENT
- Threat of shawdow banking to Asian financial stability
- Strategic & Practical challenges of implementing new banking regulations such as Basel III
- Using stress testing as a holistic strategic scenario planning tool
- Looking ahead - What risk managers should look our for in regulatory landscape
- Key priorities and challenges on the global regulatory agenda
Ms. Ng Chuin Hwei
Mr. Ilhyock Shim
Mr. Wong Nai Seng

Session Chair: Mr. Lutfey Siddiqi
12:40-14:00 LUNCH
14:00-15:00 KEYNOTE SPEECH
Chinese Enterprises "Going Global" and "One Belt, One Road" Initiative
Mr. Shuang Chen
15:00-15:45 MANAGING RISKS IN THE EMERGING MARKETS
- Guiding profit sustainability for businesses in emerging markets while managing risks
- Managing businesses amidst the uncertainty of the emerging markets
- Evolution of risk management in Asia
- Emerging best practices in risk management
Mr. Lalith J. Fernando
Mr. Xinquan Hu
Mr. Elbert Pattijn

Session Chair: Prof. Steven Kou
15:45-16:05 COFFEE BREAK
16:05-16:30 CAPITAL AND LIQUIDITY MANAGEMENT FOR FINANCIAL INSTITUTIONS IN ASIA: CURRENT ISSUES AND FURTURE PATH(JOINTLY ORGANIZED BY IACPM)
- Capital regimes and regulatory developments
- Liquidity constraints and impact
- Implications for financial services and raising capital in Asia
Mr. Yen Chu Cheng
16:30-17:15 EVOLVING ROLES OF BANK VS NONBANKS (JOINTLY ORGANIZED BY IACPM)
- Measuring risk appetite and establishing risk frameworks - bank vs nonbank
- Impact of regulation - liquidity and capital constraints
- Challenges of market illiquidity
- Competitions or complementary providers?
Mr. Yen Chu Cheng
Mr. Dominic Lim

Session Chair: Ms. Marcia Banks
17:15 MEET AT FOYER FOR TRANSPORT TO CONFERENCE DINNER VENUE


Friday, 31 July 2015
Time Event Speaker
8:15-8:45 REGISTRATION
8:45-10:15 PLENARY TALKS
1. Why the Econometrics of Finance Should Be Recast in Dempster-Shafer Terms

2. Back to the Future: Backtesting Systemic Risk Measures During the Great Depression and Historical Bank Runs
Prof. Arthur P. Dempster

Prof. Eric Ghysels
10:15-10:30 COFFEE BREAK
10:30-11:10 EVIDENTIAL REASONING AND DECISION MAKING UNDER UNCERTAINTY Prof. Jianbo Yang
11:10-11:40 POWER LAW BEHAVIORS IN STOCK MARKETS
Prof. Jeff Hong
11:40-12:10 INTELLIGENT DECISION SYSTEM AND ITS APPLICATION IN INVESTMENT DECISIONI MAKING
Prof. Dongling Xu
12:10-12:40 CONSTRUCTION OF INVESTMENT STRATEGIES WITH EVIDENTIAL REASONING RULE Dr. Dennis M. Wu
12:40-13:00 CONCLUSION
Prof. Jeff Hong


Co-Organizer

Risk Management Institute (RMI), National University of Singapore
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The NUS Risk Management Institute (RMI) was established in 2006 as a research institute at NUS dedicated to the area of financial risk management. The establishment of RMI was supported by the Monetary Authority of Singapore (MAS) under its program on Risk Management and Financial Innovation.

The Risk Management Institute (RMI) aims to be a world-class center in risk management through research, education and training.

The Risk Management Institute (RMI) strives to become a locally, regionally and globally recognized knowledge center in financial risk management where scholars, regulators and industry professionals gather to advance cutting edge knowledge that has immediate relevance to the financial system.


In collaboration with
International Association of Credit Portfolio Managers (IACPM)
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The IACPM is an industry association established in 2001 to further the practice of credit exposure management by providing an active forum for its member institutions to exchange ideas on topics of common interest.

Membership in the IACPM is open to all financial institutions that manage portfolios of corporate loans, bonds or similar credit sensitive financial instruments.

The Association represents its members before regulatory and administrative bodies in the US and internationally, holds bi-annual conferences and regional meetings, conducts research on the credit portfolio management field, and works with other organizations on issues of mutual interest relating to the measurement and management of portfolio risk.

Currently, there are 103 financial institutions worldwide that are members of the IACPM. These institutions are based in 16 countries and include many of the world’s largest commercial wholesale banks, investment banks and insurance companies, as well as a number of asset managers.

Today credit market conditions, and new regulations, are shaping the financial services industry. The discipline of credit portfolio management is evolving within firms to include the measurement and management of credit risk at the enterprise level, in addition to execution of risk mitigation strategies in credit markets.

CPM has increasing linkages with: front-end credit originators; the setting of risk appetite and limit structures; funding and liquidity for the firm; and management of counterparty risk. CPM is also expanding coverage of credit assets beyond investment grade and leveraged to include middle market and retail, as well as in some cases bonds and other credit-sensitive instruments.

The IACPM recognizes the unique and evolving role of credit portfolio managers in today’s financial environment, and offers an excellent forum through which these issues can be identified, understood and addressed.


Sponsors
CSOP Asset Management Ltd
Antai College of Economics & Management, Shanghai Jiao Tong University
College of Business, City University of Hong Kong
Belos Capital (Asia) Ltd
CITIC Capital Inc
China Everbright International Limited
Guangdong Yulan Group Co., Ltd