CIMB ASEAN Research Institute in collaboration with ASEAN Business Club and Official Monetary and Financial Institutions Forum (OMFIF) held a roundtable discussion on 12th July 2018, with the theme What Lessons Learned from Financial Crises of Recent Times. Speakers included Dr. Hans Genberg, Executive Director of the South East Asian Central Banks (SEACEN) Research and Training Centre; Frank Scheidig, Global Head of Senior Executive Banking of DZ BANK; Tan Sri Andrew Sheng, Honorary Advisor of CARI; Tan Sri Dr. Munir Majid, Chairman of CIMB ASEAN Research Institute (CARI) and President of ASEAN Business Club (centre), David Marsh, Chairman and Co-Founder of Official Monetary and Financial Institutions Forum (OMFIF); Dr. Hoe Ee Khor, Chief Economist of the ASEAN+3 Macroeconomic Research Office (AMRO), and Stephen Hill, Strategic Advisor, World Reserve Trust.
Discussion summary will be released soon.
Chairman and Co-Founder,
Marsh is a Board Member of Henderson Eurotrust and the British Chamber of Commerce in Germany, and visiting Professor at Sheffield University and King’s College London. He is former co-founder, chairman and deputy chairman of the German-British Forum. He was made Commander of the British Empire in 2000 and was awarded the German Order of Merit (Bundesverdienstkreuz) in 2003.
He started his career at Reuters in 1973 having graduated with a BA in chemistry from The Queen’s College Oxford. Between 1978 and 1995 he worked for the Financial Times in France and Germany, latterly as European Editor in London. Marsh has written six books: Six Days in in September – Black Wednesday, Brexit and the Making of Europe (2017, with William Keegan and Richard Roberts); Europe’s Deadlock: How the Crisis Could Be Solved – And Why It Won’t Happen (2013); The Euro – The Politics of the New Global Currency (2009 – re-released in 2011 as The Battle for the New Global Currency); Germany and Europe – The Crisis of Unity (1994); ‘The Bundesbank – The Bank that Rules Europe’ (1992); and Germany – Rich, Bothered and Divided (1989 – re-released in 1990 as The New Germany.
He is a frequent media commentator in Europe and the US.
Tan Sri Andrew Sheng
CIMB ASEAN Research Institute
Previously, he was a Chairman of the Securities and Futures Commission of Hong Kong and a central banker with Hong Kong Monetary Authority and Bank Negara Malaysia.
He writes regularly on international finance and monetary economics, financial regulation and global governance for Project Syndicate, AsiaNewsNet and leading economic magazines and newspapers in China and Asia. His latest book is “Shadow Banking in China: An Opportunity for Financial Reform,” with Ng Chow Soon (2016, John Wiley).
Dr. Ho Ee Khor
Chief Economist, ASEAN+3 Macroeconomic Research Office (AMRO)
Prior to joining AMRO, Dr. Khor was a Deputy Director of the Asia and Pacific Department (APD) at the International Monetary Fund (IMF), responsible for overseeing the surveillance work on six ASEAN and twelve Pacific Island countries. Dr Khor started his career as an economist at the IMF in 1981 and had worked on a wide range of economies in the Western Hemisphere and Asia and Pacific departments. He was the IMF Deputy Resident Representative in China from 1991- 1993.
From 2009-2010, Dr. Khor was Head of Economic Development and Chief Economist at the Abu Dhabi Council for Economic Development (ADCED).
Dr. Khor joined the Monetary Authority of Singapore (MAS) in July 1996 and was Assistant Managing Director from 2001 to 2009 where he was responsible for economic research, monetary policy, macro-financial surveillance, and international relations.
Dr. Khor obtained his Bachelor’s Degree in Economics/Mathematics from the University of Rochester and a Ph.D. in Economics from Princeton University.
Global Head of Senior Executive Banking, DZ BANK
Previously, Scheidig was Head of Fixed Income International Sales at DZBANK and a member of the Board of Managing Directors at Deutsche Asset Management International, following posts as Managing Director and Global Head of Central Bank Sales at Deutsche Bank.
Prior to this, he worked as a trader for German government bonds at Suedwest-LB and Bayerische Vereinsbank, in Frankfurt.
Between 1993 and 2000, Scheidig worked in fixed income sales at Bayerische Landesbank and held several senior sales positions in global market divisions at Dresdner Bank.
Dr. Hans Genberg
Executive Director of the South East Asian Central Banks (SEACEN) Research and Training Centre
Prior to joining SEACEN, Dr. Genberg was Assistant Director at the Independent Evaluation Office of the International Monetary Fund where he led evaluations of International Reserves: IMF Concerns and Country Perspectives and IMF Forecasts: Process, Quality, and Country Perspectives. Between 2005 and 2009 he was Executive Director, Research at the Hong Kong Monetary Authority and Director of the Hong Kong Institute for Monetary Research after which he spent one year as Visiting Advisor at the Representative office for Asia and the Pacific of the Bank for International Settlements. Before joining the HKMA he was Professor of international economics at the Graduate Institute of International Studies in Geneva, Switzerland. A Swedish national, Dr. Genberg holds a Ph.D. degree in Economics from the University of Chicago.
Dr. Genberg has written widely on issues dealing with international finance, monetary economics and macroeconomics. His publications include Asset Prices and Central Bank Policy; Official Reserves and Currency Management in Asia: Myth, reality and the Future; and The Banking Sector in Hong Kong as well as numerous articles in major professional journals such as Econometrica, the Journal of Monetary Economics, Journal of Money Credit and Banking, and the Journal of International Economics.
Tan Sri Dr. Munir Majid
Chairman, CIMB ASEAN Research Institute
President, ASEAN Business Club
He has an extensive experience and is well known in the Malaysian corporate world. He had been the Group Editor of the New Straits Times, first executive chairman of CIMB and founding chairman of the Malaysian Securities Commission. After stepping down from the Securities Commission, he became Independent Non-Executive Director of Telekom Malaysia Berhad, Chairman of Celcom (Malaysia) Berhad and Non-Executive Chairman of Malaysian Airline System Berhad. He was Founder President of the Kuala Lumpur Business Club, established in 2003 and is a member of the Court of Fellows of the Malaysian Institute of Management.
Tan Sri Dr. Munir obtained a B.Sc (Econ) and Ph.D in International Relations from the London School of Economic and Political Science (LSE) in 1971 and 1978. He is an Honorary Fellow of LSE and continues the long association with his alma mater as Visiting Senior Fellow at the Centre of International Affairs, Diplomacy and Strategy. Tan Sri Dr. Munir is an associate of Southeast Asia Centre (SEAC) at LSE.