Investments in Asia Forum: Has Asia Reached its Full Potential?
Asia has long been a favorite investment destination for institutional investors. Investment hubs like Singapore, Hong Kong and Tokyo have served as centers of financial excellence for fund managers, hedge funds, private equity and venture capitalists. However new regulations and impediments from the West, with various colorful acronyms, have made it more difficult to be a successful asset owner and asset manager in Asia.
To discuss this new era in investing, we have gathered a world-class group of investment managers in Asia from across the asset class spectrum to discuss the trends, encumbrances and the rash of new OECD regulations on funds affecting Asian managers. The forum will also explore the applied research partnerships between academia and the financial industry amongst other pertinent issues.
The Forum is a follow-on to the highly successful Investments in Asia Forum supported by ABFER, which was held in 2013.
Panelists: Timothy Zee (PAG), Michael Syn (SGX), Charles Lee (Standford), Liew Tzu Mi (GIC), Madhabi Puri Buch (Agora), Joseph Cherian (NUS/CAMRI) Chair
Welcome Speech by: Tan Chorh Chuan (NUS)
Keynote Speech by: Michael Spence (NYU)
Panelists and Moderator
Mr. Timothy Zee
Managing Director, PAG Asia Capital
Timothy Zee joined Singapore-based PAG Asia Capital in December 2011 and is responsible for advising on private equity investments in industry leading businesses for PAG Asia Capital, a pan-Asia private equity fund manager, led by Weijian Shan. Mr Zee is a former investment banker with over 20 years experience.
Before joining PAG in December 2011, he was Managing Director and Head of Asia Pacific Real Estate and Head of Hong Kong Investment Banking with a global investment bank completing landmark listings including AIA Group Limited in Hong Kong and Hutchison Port Holdings Trust in Singapore. Prior to that, Mr Zee held senior positions with major global financial institutions including GE Capital, Salomon Smith Barney and Barclays Capital.
Mr Zee holds a BBA in Finance and International Business from The University of Texas at Austin and an MBA in Finance and Marketing from the Kellogg School of Management at Northwestern University. Mr Zee is also a member of the Adjunct Faculty of Finance at the Lee Kong Chian School of Business at Singapore Management University. He also serves on the L.P. Advisory Committee of HealthpointCapital, a New York-based orthopedic devices private equity firm.
Professor Tan Chorh Chuan
President of the National University of Singapore
Tan Chorh Chuan was appointed President of the National University of Singapore in December 2008. He concurrently serves as the Chairman of the Board of the National University Health System. Prof Tan's additional appointments include Deputy Chairman of Singapore's Agency for Science, Technology and Research (A*STAR); Senior Advisor to the Governing Board of Duke-NUS Graduate Medical School; and Member, Board of Directors of the Monetary Authority of Singapore.
A renal physician, he obtained his medical training at NUS, and research training at the Institute of Molecular Medicine, Oxford. He was Dean of the NUS Faculty of Medicine from 1997 to 2000. He served as the Director of Medical Services, Ministry of Health, from 2000 to 2004, in which capacity he was responsible for leading the public health response to the 2003 SARS epidemic. He held the positions of NUS Provost, then Senior Deputy President from 2004 to 2008. He also played a key role in setting up the Duke-NUS Graduate Medical School, in his capacity as Deputy Chairman of the Governing Board from 2004 to 2007. As the inaugural Chief Executive of the National University Health System in 2008, he brought the NUS Medical and Dental Schools and the National University Hospital under single governance.
Prof Tan is a key leader in Singapore's Biomedical Sciences Initiative since its inception in 2000, for which he was awarded the National Science and Technology Medal in 2008. He also received the Public Service Star in 2003 for outstanding contributions to overcoming SARS in Singapore, and the Public Administration Gold Medal in 2004 for his work as Director of Medical Services in the Ministry of Health. Other awards include the Dr John Yu Medal from the George Institute for Global Health, Australia; the Albert Schweitzer Gold Medal from the Polish Academy of Medicine; Honorary Doctor of Medicine from King's College; Honorary Doctor of Science from Duke University; Honorary Doctor of Science from Loughborough University; Achievement Medal from the Singapore Society of Nephrology and the 1996 Singapore Youth Award.
Prof Tan, who has been a member of the World Economic Forum's Global University Leaders Forum (GULF) since 2008, was appointed Chair of GULF in 2014 for a two-year term. He also sits on the World Economic Forum's Science Advisory Committee. He was the Chairperson of the International Alliance of Research Universities, a consortium of 10 leading research-intensive universities from 2008 - 2012.
Prof Tan was previously a Commonwealth Medical Fellow, Wellcome Fellow, University of Oxford, and a Visiting Scholar to Wolfson College, Oxford. He is a Fellow of the Royal College of Physicians of Edinburgh, Royal College of Physicians of London, the Royal Australasian College of Physicians, the American College of Physicians, elected Fellow of the Polish Academy of Medicine and Fellow of the Royal Geographical Society, UK.
What we are learning about Sustainable and Defective Growth Patterns: Experience in Developed and Developing countries
Professor Michael Spence
William R. Berkley Professor in Economics & Business
Michael Spence joined New York University Leonard N. Stern School of Business as a professor of economics in September 2010. He is a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University.
Professor Spence, whose scholarship focuses on economic policy in emerging markets, the economics of information, and the impact of leadership on economic growth, was chairman of the independent Commission on Growth and Development (2006 - 2010), a global policy group focused on strategies for producing rapid and sustainable economic growth, and reducing poverty. He also serves as a senior adviser at Jasper Ridge Partners in California, and as a member of the board of the Stanford Management Company as well as a number of public and private companies. He is the Chairman of the Academic Council of the Fung Global Institute in Hong Kong.
A Rhodes Scholar and the recipient of many honors and awards, Professor Spence was awarded the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal from the American Economics Association in 1981. He is the author of three books and 50 articles, and is a member of the American Economic Association and a fellow of the American Academy of Arts and Sciences and the Econometric Society.
Professor Spence served as Philip H. Knight Professor and dean of the Stanford Business School from 1990 to 1999. Before that, he was a professor of economics and business administration at Harvard University, chairman of its economics department, and dean of its Faculty of Arts and Sciences.
Professor Spence earned a Ph.D. from Harvard University in 1972, a B.A./M.A. from Oxford University in 1968 and a B.A. (summa cum laude) from Princeton University in 1966.