Speakers

Growth and Emerging Markets Committee

Enhancing sustainable and innovative market-based financing

September 20, 2017

Colombo, Sri Lanka

Speakers – in order of appearance

Thilak Karunaratne – Chairman, Securities and Exchange Commission, Sri Lanka

Thilak Karunaratne is the Chairman of the Securities and Exchange Commission of Sri Lanka (SEC).

 

After completion of his secondary education at Ananda College, Colombo, he entered the  University of Ceylon and graduated with a BSc. in Chemistry. He is also a Chartered Chemist. He was a Member of Parliament for 12 years up to year 2000 when he resigned on his own to rejoin the private sector.

 

Previously, Mr. Karunaratne also served as the Chairman of the SEC from December 2011 to August 2012.

Jun Mizuguchi – Chairman, IOSCO Asia-Pacific Regional Committee, Deputy Commissioner for International Affairs, FSA Japan

Jun Mizuguchi is Deputy Commissioner for International Affairs, Financial Services Agency of Japan (JFSA). Concurrently, he is responsible for the supervision of the securities sectors, including broker-dealers and asset managers and also leads agency-wide projects on conduct risk management and crypto-currency.

 

Prior to assuming the current responsibility, Mr. Mizuguchi was Director for Strategy and Policy Coordination at the Securities and Exchange Surveillance Commission (SESC) of Japan for surveillance and enforcement, and before that, he served as Assistant Commissioner for International Affairs at JFSA in charge of financial market infrastructure and derivatives market.

 

Mr. Mizuguchi served as Vice Chair, Regulatory Oversight Committee (ROC) of Global Legal Entity Identifier (LEI) System from 2013 to 2016. He was a member of the Secretariat of the Financial Stability Forum (transformed to the Financial Stability Board in 2009) for four years in Basel, and also served as Executive Assistant to the President of the Asian Development Bank for three years.

 

Mr. Mizuguchi earned master degree in public policy at Harvard Kennedy School. He obtained his bachelor of law degree from the University of Tokyo.

Ranjit Ajit Singh – Chairman, IOSCO Growth and Emerging Markets Committee, Chairman, Securities Commission Malaysia

Ranjit Ajit Singh is the Executive Chairman of the Securities Commission (SC). He was previously Managing Director of the SC and has extensive experience in the field of finance and securities market regulation and has spearheaded many key initiatives in the development and reform of Malaysia’s capital market.

 

Mr. Singh was appointed the Vice-Chairman of the governing Board of the International Organization of Securities Commissions (IOSCO), the global body of capital market regulators and was elected as the Chairman of IOSCO’s Growth and Emerging Markets Committee (GEM). In 2014, Mr. Singh was appointed Chairman of the ASEAN Capital Markets Forum (ACMF), a body tasked to spearhead market integration efforts within the region and comprises capital market authorities from ASEAN.

 

Mr. Singh chairs the Securities Industry Development Corporation (SIDC), the Malaysian Venture Capital and Private Equity Development Council (MVCDC) and the Capital Market Development Fund (CMDF). He is also the Vice-Chairman of the Asian Institute of Finance and a member of the Board of the Labuan Financial Services Authority and the Financial Reporting Foundation as well as a board member of the Malaysian Institute of Integrity (IIM). Mr. Singh is trained as a financial economist and accountant. He holds a Bachelor of Economics (Honours) degree and a Master of Economics degree in Finance from Monash University, Melbourne. He was also conferred the degree of Doctor of Laws honoris causa by Monash University Melbourne. He is a fellow of CPA Australia and has worked in academia, consulting and accounting in Australia and Malaysia.

 

Mr. Mizuguchi earned master degree in public policy at Harvard Kennedy School. He obtained his bachelor of law degree from the University of Tokyo.

Hon. Ranil Wickremesinghe – Honourable Prime Minister of Sri Lanka

Hon. Ranil Wickremesinghe was sworn in as the Prime Minister of Sri Lanka for the fourth time on 21st August 2015.

 

He is the Leader of the United National Party (UNP), Sri Lanka’s largest political party, which is a constituent member of the National Unity Government led by H.E. the President Maithripala Sirisena.

 

Hon. Wickremesinghe was first appointed as the Prime Minister from 1993 – 1994 after the assassination of President Ranasinghe Premadasa. He was also elected as the Prime Minister from 2001 – 2004 when the United National Front Government won the general elections in 2001.

 

Hon. Ranil Wickremesinghe received his primary and secondary education at Royal College, Colombo. Having graduated from the University of Colombo with a Degree in Law, he enrolled as an Advocate of the Supreme Court of Sri Lanka in 1972, and then, practiced as a lawyer for five years. In recent times, he has been a Robert E. Wilhelm Fellow at the Centre for International Studies at the Massachusetts Institute of Technology (MIT) in Cambridge, USA. He was also appointed the Chair of the Asia Pacific Democrat Union and has been a (ex officio) Vice Chair of the International Democratic Union since 2005.

Jose Isidro (Lito) Camacho – Managing Director and Vice Chairman, Credit Suisse Asia Pacific

Jose Isidro N. (Lito) Camacho is a Managing Director in the Asia Pacific Division of Credit Suisse, based in Singapore. He is also the Vice Chairman for Credit Suisse Asia Pacific.

 

Mr. Camacho joined Credit Suisse in March 2005 after a distinguished career in government and international banking. He was appointed Secretary of Finance for the Philippines in 2001, a position he held until November 2003. As Secretary of Finance, Mr. Camacho led the country’s economic team and supervised the fiscal and financial sectors.

 

Mr. Camacho is currently a Director of SymAsia Foundation (Singapore), a board member of the National Gallery Singapore, a member of the Securities Industry Council (Singapore), a member of the Capital Markets Advisory Group of the Securities Commission (Malaysia) and a Founding Member of Asia Peace and Reconciliation Council. He is also the Non-Executive Chairman of Sun Life of Canada (Philippines), a board member of Sun Life Grepa Financial, Inc (Philippines), Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad.

 

Mr. Camacho obtained his Bachelor’s degree in mathematics (cum laude) from De La Salle University in 1975. He received his MBA with concentration in Finance from Harvard University in 1979. On February 2017, Mr. Camacho was awarded an Honorary Degree of Doctor of Business Administration from Eastern Asia University, Thailand.

Hon. Harsha De Silva, M.P. – Deputy Minister of National Policies and Economic Affairs, Chairman, Capital Market Advisory Council

Harsha de Silva, MP and UNP chief organizer for Sri Jayawardenepura-Kotte, is currently Deputy Minister of Policy Planning and Economic Affairs of the new Government established in January 2015 having entered Parliament in April 2010 to contribute towards building an equitable and prosperous post-war Sri Lanka.

 

Prior to active politics Hon. Silva was a development banker, consultant economist and a successful entrepreneur who cofounded and built the country’s largest market and social research agency. He has consulted in close to twenty countries and taught at universities both in Sri Lanka and the United States.

 

He holds a PhD in economics from the University of Missouri and has had executive training at MIT. He is an Eisenhower Fellow. He is deeply involved in the management of the National Council on Mental Health Sahanaya and is also a Paul Harris Fellow Rotarian.

Ethiopis Tafara – VP & General Counsel, Legal, Compliance Risk & Sustainability, IFC

Ethiopis Tafara is the General Counsel and a Vice President for Legal and Compliance Risk, and ESG Sustainability. In this capacity, he is responsible for IFC’s non-financial risk, including legal and compliance functions. He also oversees IFC’s environmental, social, and governance operations.

 

Mr. Tafara has practiced as a regulatory lawyer for close to 20 years, foreseeing on international securities regulation and cross-border law enforcement litigation. He is a recognized thought leader on the regulatory and governance standards underpinning global securities markets. He has advised developing countries on the reforms needed to grow capital markets and has led in the formulation of standards for regulators, oversight bodies, and securities markets’ participants around the world.

 

Mr. Tafara has held leadership positions in a number of international bodies, working to advance global standards for securities regulation and codes of conduct for market participants. He has served as the Vice Chairman of the Board of the International Organizations for Securities Commissions (IOSCO), the Chairman of the Public Interest Oversight Board Monitoring Group, the SEC Deputy to both the Financial Stability Board (FSB) and the IFRS Foundation Monitoring Board, and led IOSCO task forces to set standards and codes of conduct for rating agencies and accounting firms following the financial scandals in the 2000s.

 

Mr. Tafara holds a JD from Georgetown University Law Center and an AB from Princeton University.

Paul P. Andrews – Secretary General, International Organization of Securities Commissions

Paul Andrews was appointed as Secretary General in December 2015 and joined IOSCO in March 2016. In this role, he is responsible for supporting the pursuit of IOSCO’s strategic objectives and leading the General Secretariat.

 

Prior to joining IOSCO, Mr. Andrews spent 18 years at the Financial Industry Regulatory Authority (FINRA) in Washington DC. From 2003 to March 2016, he served as Vice President and Managing Director, International Affairs, at FINRA, the largest independent regulator for all US securities firms. In this capacity he directed FINRA’s international engagements and worked closely with key regulators and regulatory bodies worldwide, including IOSCO.

 

Prior to FINRA, Mr. Andrews spent eight years at the U.S. Securities and Exchange Commission. During this time, he worked in the Division of Market Regulation (now Trading and Markets) and the Office of the General Counsel. In these capacities, he led the international affairs office in Market Regulation, analyzed various legal and policy issues concerning the structure of securities markets, market intermediaries, and dispute resolution. Prior to the SEC, Mr. Andrews spent four years in private legal practice in Washington, DC.

Marcos Ayerra – Vice Chairman, IOSCO Growth and Emerging Markets Committee, Chairman, CNV Argentina

Marcos Ayerra is the Chairman of CNV, the Argentine Securities & Exchange Commission. Marcos is Member of the Board of the International Organization of Securities Commissions (IOSCO), Vice Chairman of IOSCO´s Growth and Emerging Markets committee (GEM), and represents IOSCO at the Monitoring board of the IFRS Foundation.

 

Mr. Ayerra has over 25 years of professional experience, at leading domestic and international companies like Chase Manhattan Bank, Chase Securities Inc., Infupa, Telecom Argentina, and Biosidus, among other. He participated in a variety of transactions and projects, including M&A, project financing, debt placements and restructurings, capital markets, and corporate development.

 

Mr. Ayerra received a Business Administration degree from the Business School of the Argentine Catholic University, and completed the PAD Program at IAE.

Ajay Tyagi – Chairman, Securities and Exchange Board of India

Ajay Tyagi assumed office as Chairman of Securities & Exchange Board of India (SEBI) with effect from March 1, 2017.

 

In a career spanning over 32 years, Mr. Tyagi, a former Indian Administrative Service (IAS) Officer, has held several responsible positions with distinction in the State and Central Governments.

 

Prior to assuming office as Chairman, SEBI, Mr. Tyagi has served as an Additional Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India, handling diverse areas like Capital Markets, Investment, Infrastructure Financing, Financial Sector Reforms, Financial Stability Issues and Coins & Currency. Earlier, he served as a Joint Secretary in the Ministries of Environment & Forests and Petroleum & Natural Gas. He also served as Secretary of the Petroleum and Natural Gas Regulatory Board.

 

In the Government of Himachal Pradesh, he has served as Principal Secretary in the Departments of Finance, Planning, Industries and Information Technology.

 

Mr. Tyagi did his graduation in Electrical Engineering and post graduation in Computer Science. He has also done his Masters in Public Administration from Harvard University.

Drew Brick – Head of Market Structure APAC, Bloomberg

Drew Brick is part of Bloomberg’s Global Market Group and is responsible for assisting core product teams with identifying, planning for and managing business development and market structure change.

 

Mr. Brick has over 25 years of buy-side and sell-side experience. On the buy-side, Mr. Brick was a senior Portfolio Manager and Global Strategist for the fixed income asset manager, PIMCO. He was a member of PIMCO’s Global Investment Committee. He was on the Board of Directors for PIMCO Global Advisors Asia. He was also a partner and portfolio manager for PIMCO’s U.S.-based macro hedge fund GreenRidge Asset Management.

 

On the sell-side, Mr. Brick served as Managing Director and Head of Portfolio Management and Markets Strategy at RBS and BNP Paribas.

 

Mr. Brick has lectured on International Finance at the Wharton School of the University of Pennsylvania and on Asian Political Economy at Johns Hopkins University — the latter of which where he earned and worked on his Masters and Ph.D., respectively.

 

Mr. Tyagi did his graduation in Electrical Engineering and post graduation in Computer Science. He has also done his Masters in Public Administration from Harvard University.

Nandini Sukumar – CEO, World Federation of Exchanges

Nandini Sukumar is chief executive officer of the World Federation of Exchanges, the global industry trade group that advocates on behalf of public markets.

 

Ms. Sukumar joined WFE after a 14-year career at Bloomberg News where she created, grew and ran its coverage of exchanges, market structure and the UK financial services regulator. WFE represents more than 120 exchanges globally, educating stakeholders on the vital role played by exchanges in the real economy.

Sadiq Currimbhoy – Global Strategist and Head of Research, Maybank Kim Eng

Sadiq Currimbhoy is Maybank Kim Eng’s Head of Research and Global Investment Strategist. He has both buy-side and sell-side experience and has been in financial services since 1995 working in New York, London, Hong Kong and Singapore.

 

While on the sell-side, he had two periods at what is now Bank of America Merrill Lynch and was ranked by Institutional Investor magazine for Asia Strategy both times. He was also at one point Global Sector Strategist.

 

In between his Merrill stints, he was Global Strategist on the NewSmith Global Opportunities Fund, a multi-asset hedge fund. He has also worked as a consultant for a family office and also completed a report on Sub-Saharan Africa.

 

Mr. Tyagi did his graduation in Electrical Engineering and post graduation in Computer Science. He has also done his Masters in Public Administration from Harvard University.

Ian Johnston – Chief Executive, Dubai Financial Services Authority

Ian Johnston is the Chief Executive of Dubai Financial Services Authority. Mr. Johnston joined the DFSA in November 2006 as a Managing Director heading the Policy and Legal Services Division. He was admitted to practice law in Australia in the early 1980s and spent most of his career in the private sector. He held a number of senior positions within the financial sector and was the Chief Executive Officer (CEO) of one of Australia’s major trustee companies.

 

In 1999, Mr. Johnston joined the Australian Securities and Investments Commission (ASIC) where he became Executive Director, Financial Services regulation, and spent several terms as an Acting Commissioner. In 2005, he took up a position as a Special Advisor with the Hong Kong Securities and Futures Commission (HKSFC). Mr. Johnston is a past Chairman of the Joint Forum, which comprises representatives of the major international regulatory standard-setters IOSCO, IAIS and BCBS. In November 2013, he was elected to the Steering Group of IOSCO’s Growth and Emerging Markets (GEM) Committee. He is also a member of the Financial Stability and Technical Committee of the IAIS, the global standard-setting body for insurance regulation, and was a member of the Board of Directors of the Financial Planning Standards Board from 2011 to 2016.

Greg Medcraft – Chairman, Australian Securities and Investments Commission

Greg Medcraft is Chairman of the Australian Securities and Investments Commission (ASIC).

 

Prior to joining ASIC as Commissioner in 2009, Mr. Medcraft had a distinguished career in investment banking. He spent nearly 30 years at Societe Generale in Australia, Asia, Europe and the Americas. Most recently he was the Managing Director and Global Head of Securitisation, based in New York. Mr. Medcraft was also the CEO and Executive Director at the Australian Securitisation Forum and co-founded the American Securitisation Forum.

 

Mr. Medcraft was Chair of the IOSCO Board from March 2013 to May 2016. Greg is a director of the Salzburg Global Seminar – the first Australian to be appointed to the board. He is also a member of the IMF High-Level Advisory Group of the Interdepartmental Working Group on Finance and Technology.

 

Mr. Medcraft was recently appointed to the Board of Directors United States Studies Centre at the University of Sydney.

Sergey Shvetsov – First Deputy Governor, Bank of Russia

Sergey Shvetsov is the First Deputy Governor of the Bank of Russia.

 

Mr. Shvetsov is responsible for promoting stability and all-round development of the Russian financial market. More precisely he is in charge of the Bank of Russia activities in regulation, control and supervision of non-credit financial institutions, including market intermediaries and collective investment schemes, corporate governance, retail investors’ protection, countering market manipulation and illegal use of insider information, as well as coordinating interaction with IOSCO, IOPS, ICMA, ISDA and foreign financial markets regulators.

 

During his previous years of work at the Bank of Russia he has borne responsibility for the monetary policy, development of financial instruments and systemically important market infrastructures, as well as for international cooperation. Adding to this, Mr. Shvetsov has an experience of being a Deputy Head of the commercial bank.

 

Mr. Shvetsov holds a Specialist Degree in Economics from Lomonosov Moscow State University.

Chris Lobello – Fintech Entrepreneur and Adjunct Professor, The Chinese University of Hong Kong

Chris Lobello has worked in Asian financial markets for more than 20 years, in roles ranging from risk modeling to quantitative analysis to country and regional management, and at firms such as Nomura, CLSA, Daiwa, and Barra. He also serves on various industry boards and committees, including several of the FTSE global advisory committees and his work as a board member for CQAsia, the Asian branch of the Chicago Quantitative Alliance.

 

He recently co-founded a fintech startup focusing on robo-advisory, using behavioral decision making techniques to help investors make better decisions for themselves. Mr. Lobello also serves as an advisor to several other startup fintech firms.

 

Mr. Lobello also teaches at several of the region’s top business schools and provides executive education training on topics of making better decisions, risk management, ethics, and various topics in finance. He teaches regularly at schools including The Chinese University of Hong Kong, SP Jain, Thammasat University, and Bhutan’s Royal Institute for Governance and Strategic Studies. He has guest lectured at INSEAD and taught in their executive education programs, and he works with a number of the world’s top financial firms.

 

Mr. Lobello studied physics and mathematics as an undergraduate, worked at Fermilab and served in the US Peace Corps in Benin, speaks Mandarin Chinese and a West African variant of French, and holds an EMBA from INSEAD.

Praveen Hari – Fellow, iSPIRT Foundation

Praveen Hari is a Fellow at iSPIRT Foundation. At iSPIRT, Mr. Hari is currently focused on solving the problem of access to credit in India. India is a hugely underserved with it comes to access to credit because credit in India and most of the developing world is asset based. Digital platforms like GSTN, UPI et al will be producing a lot of data on the consumers and the businesses. Data can now be used to underwrite loans. With a billion of people having India’s national identity card (Aadhaar), there is a huge opportunity to unlock credit for the underserved segment in India. The banking system is slowly waking up to this huge opportunity and Mr. Hari closely works with the regulators like RBI, Public Sector Banks, NBFCs and FinTechs in India and helping them de-code the new opportunity ahead. Lending based on data is going to be new norm and Mr. Hari is passionate about helping build the flow-based a.k.a data driven lending eco-system. He is a regular speaker at FinTech and Lending conferences.

 

Prior to iSPIRT, Mr. Hari was an entrepreneur and was one of the founding members of Thinkflow Software, an enterprise product that accelerates in-house business apps development. Thinkflow had a successful exit in early 2016 and now spends his time with iSPIRT.

Lee Boon Ngiap – Assistant Managing Director of Capital Markets, Monetary Authority of Singapore

Lee Boon Ngiap is Assistant Managing Director of the Capital Markets Group, overseeing the regulation and supervision of capital markets. The group is responsible for the licensing and supervision of exchanges, clearing houses and capital markets intermediaries. Mr. Lee also oversees the Enforcement Department, which is responsible for enforcement actions arising from regulatory breaches of MAS’ banking, insurance and capital markets regulations. Prior to his appointment, Mr. Lee headed the Banking & Insurance Group, which supervises banks and insurance companies in Singapore.

 

Mr. Lee has served in various other functions in MAS. He started in the Reserve & Monetary Management Department, where his responsibilities included the conduct of Singapore’s monetary policy and management of the foreign exchange exposures of public sector entities. He subsequently headed a team responsible for the development of regulatory policies for the securities, futures and asset management industries in Singapore. He also served a stint as head of the MAS Representative Office in London.

 

Mr. Lee was awarded the Public Administration Medal (Silver) in 2007.