FT-Standard Chartered Taiwan Economic Summit

 

Summit Chairs  
David Pilling
Asia Editor
Financial Times

David Pilling is the Financial Times’ Asia Editor, appointed in 2008.  He oversees the FT’s coverage of the Asia region from Afghanistan to Australia, including China, India and Japan. In addition to directing the work of regional correspondents, and overseeing the editing and commissioning team in Hong Kong, Mr Pilling writes an award-winning weekly column on Asian business, politics and economics, which appears worldwide. He regularly contributes longer features, including for the Weekend FT, and frequently interviews business and political leaders throughout the region. Mr Pilling joined the FT in 1990 and worked on the international and main news desks in London before being posted to Santiago, Chile in 1993. Between 1994 and 1997, he was based in Buenos Aires, Argentina, before returning to London to become Deputy Editor of the Comment and Analysis Page. Between 1999 and 2002, Mr Pilling was the Global Pharmaceuticals and Biotechnology Correspondent, covering topics from mega-pharmaceutical mergers to the scourge of Aids in Africa and the scientific race to decode the human genome. In 2002, he moved to Japan for a six-year stint as Tokyo Bureau Chief, where he charted the Koizumi years. He has won numerous reporting prizes, most recently for coverage of Japan and China, both individually and as part of FT teams. He was awarded the Best Commentator prize by the Society of Publishers in Asia in both 2011 and 2012. He was also named Best Foreign Commentator for 2011 in the UK’s Editorial Intelligence Comment Awards, for coverage of China, Japan and Pakistan. Mr Pilling is an Assistant Editor of the FT.

   
Gideon Rachman
Chief Foreign Affairs Commentator
Financial Times

Gideon Rachman was appointed Chief Foreign Affairs Columnist and an Associate Editor of the Financial Times in July 2006. Based in London, he writes a weekly column in the newspaper and a weblog on FT.com. Mr Rachman joined the FT after a 15-year career at The Economist, where he held several senior positions, including Deputy US Editor, Asia Editor, Britain Editor, and Business Editor. He also wrote the Charlemagne column from Brussels in his role as EU Correspondent.
   
Keynote Speakers  
Ma Ying-jeou
President
Republic of China (Taiwan)

Ma Ying-jeou was re-elected as the 13th-term president of the Republic of China (Taiwan) on 14 January 2012, with 6.89 million ballots, or 51.6% of the vote. As the 12th-term president earlier, President Ma had secured a landslide victory with a total of 7.65 million ballots, or 58.5% of the vote. The previous election represented Taiwan's second peaceful transfer of political power, marking a milestone in the country’s democratic development. During the presidential election, Mr Ma had campaigned on a platform to revive Taiwan's flagging economy and restore the core values of kindness, integrity, diligence, honesty, tolerance, and enterprising spirit

   
Thomas Sargent
Professor of Economics and Business
New York University
and 
2011 Nobel Laureate

Thomas J Sargent is one of today’s most influential economists, a founder of the rational expectations model and the freshwater economics movement. He is the William R. Berkley Professor of Economics and Business at
New York University, the Donald L. Lucas Professor in Economics, Emeritus, at Stanford University, and a Senior Fellow at the Hoover Institution. He received the Nobel Prize in Economic Sciences in 2011 for his pioneering work in macroeconomics. A Professor of Economics at the University of Minnesota from 1975 to 1987, he was also the David Rockefeller Professor at the University of Chicago from 1992 to 1998. He is past president of the Econometric Society, the American Economic Association and the Society for Economic Dynamics. Professor Sargent won the Nemmers Prize in Economics in 1997. He was elected a fellow of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences, both in 1983. Among his books are Rational Expectations and Econometric Practice, with Robert E. Lucas Jr (University of Minnesota Press, 1981); The Big Problem of Small Change, with Francois Velde (Princeton University Press, 2002); Recursive Macroeconomic Theory, with Lars Ljungqvist (MIT Press, 2004); and Robustness, with Lars Peter Hansen (Princeton University Press, 2007). Professor Sargent earned his PhD from Harvard University and was a first lieutenant and captain in the US Army.
   
Peter Sands
Group CEO
Standard Chartered

Peter Sands was appointed Group Chief Executive of Standard Chartered PLC in 2006 following four years as Group Finance Director, where he had responsibilities for Finance, Strategy, Risk and Technology and Operations. Prior to this, Peter was a Director and senior partner with consultants McKinsey & Co. Peter had been with McKinsey since 1988 where he worked extensively in the banking and technology sectors in a wide range of international markets. Before joining McKinsey, Peter worked for the United Kingdom’s Foreign and Commonwealth Office. During Peter’s tenure as CEO, Standard Chartered has successfully navigated the financial crisis without any recourse to government support or reliance on central bank liquidity programs. Standard Chartered is the largest foreign bank across several markets in Asia, Africa and the Middle East including Korea, India and Singapore. In 2010, it became the first international company to list in India. Standard Chartered is also one of the world’s most diverse companies, with 130 nationalities represented among over 87,000 employees, nearly half of whom are women. In February 2012, Standard Chartered reported its ninth successive year of record revenues and profits. Peter is the lead non-executive board member of the Department of Health in the UK, the Co-Chair of the India UK CEO Forum and also a member of the Monetary Authority of Singapore’s International Advisory Panel. Peter graduated from Oxford University and holds a Masters in Public Administration from Harvard University, where he was a Harkness Fellow. Peter, who grew up in Asia, is married with four children.
   
Vincent Siew
Former Vice-President of Taiwan

Vincent C. Siew was Vice-President of the Republic of China (
Taiwan) from 2008 to 2012. Since leaving office, he has continued to advise President Ma Ying-jeou on a variety of international, economic and policy issues. Mr Siew began his civil service career at the Ministry of Foreign Affairs in 1962, and transferred to the Ministry of Economic Affairs (MOEA) in 1972. At the MOEA, he held senior posts in the 1980s and 1990s, including Director-General of the Bureau of Foreign Trade, Minister of the Council for Economic Planning and Development, as well as Minister of Economic Affairs. The former vice-president successfully negotiated with the US for most-favoured-nation status, and thanks in part to his efforts, Taiwan became a member of the Asia-Pacific Economic Cooperation and gained observer status in the General Agreement on Tariffs and Trade, later renamed the World Trade Organisation. In 1997, Mr Siew was appointed premier and during his tenure, Taiwan emerged unscathed from the 1997-1998 Asian financial crisis. He was Chairman of the Chung Hua Institution for Economic Research, a top policy think-tank, and the Cross-Straits Common Market Foundation, an organisation he founded that supports normalisation of trade across the Taiwan Strait. Mr Siew earned a bachelor's degree in diplomacy and a master's degree in international law and diplomacy at National Chengchi University in Taipei. He was awarded an honorary doctorate from Ohio State University, and the Eisenhower Fellowship for short-term study in the US.
   
Speakers  
Jaspal Bindra
Group Executive Director and Asia CEO
Standard Chartered

Jaspal Singh Bindra is Group Executive Director and a member of the Board of Standard Chartered PLC, and Chief Executive Officer, Asia. He was appointed to the Board of Standard Chartered PLC on 1 January 2010. Mr Bindra joined Standard Chartered in 1998 and has held senior positions in the Group, such as Global Head of Client Relationship for Wholesale Bank and Chief Executive Officer for India. Before joining Standard Chartered, Mr Bindra was with UBS Investment Banking.  He began his career with Bank of America in 1984, working across Treasury Markets and Consumer Banking in India and Singapore.

Mr Bindra also leads Standard Chartered’s award-winning work on Diversity and Inclusion. As Chair of the Group’s Diversity and Inclusion Council, he is responsible for the Group’s strategy and programmes designed to support employees, customers and communities. He is a Board member of Vital Voices Global Partnership and also sits on the Board of Governors of XLRI School of Business & Human Resources. 

Mr Bindra is a qualified chartered accountant and holds an MBA degree He is based in Hong Kong.

   
Hwa-Ping Chang
President and CEO
Taiwan Ratings Corporation

Hwa-Ping Chang is the President and Chief Executive Officer of Taiwan Ratings Corp., Taiwan’s first and leading credit rating services organization and a 51%-owned subsidiary of Standard & Poor’s Ratings Services. Prior to joining Taiwan Ratings in 2009, Mr Chang was managing director of Wachovia Securities, where he was responsible for the growth and development of Wachovia’s structured finance business in Asia.

Earlier, Mr Chang was executive vice-president in the trust department of Industrial Bank of Taiwan (IBT). During his time at IBT, he successfully created Taiwan’s securitization market, including the first securitization transaction in Taiwan and the first commercial mortgage-backed securities transaction. Before this, Mr Chang was a vice-president at Societe Generale, Tokyo, in the financial engineering department, and assistant manager at Commerzbank, Tokyo, in the structured finance department. While in Tokyo, Mr Chang was awarded Best Asian Securitization Deal of the Year by Euromoney, Asia Money, The Asset, and FinanceAsia magazines.

Mr Chang has a doctoral degree in mechanical engineering from MIT, a master’s degree in mechanical engineering from the University of Wisconsin at Madison, and a bachelor’s degree in mechanical engineering from the National Cheng-Kung University.

   
C.V. Chen
Managing Partner
Lee and Li, Attorneys at Law

C.V. Chen is Managing Partner of Lee and Li, Attorneys-at-Law. He has been a lawyer and a law professor for more than 30 years. Dr Chen’s practice focuses on transnational legal transactions and international dispute resolution. He is committed to pro bono services. He was the Secretary General/President of the Red Cross Society of the Republic of China (Taiwan) from 1988 to 2012. Dr Chen graduated from the Department of Law of National Taiwan University, earned an LL.M. degree from both the University of British Columbia and Harvard Law School, and an S.J.D. (Doctor of Juridical Science) degree from Harvard Law School

   
Arthur Chiao
Chief Executive Officer and Chairman
Winbond Electronics Corporation
and 
Chairman
Taiwan Electrical and Electronic Manufacturers’ Association

Arthur Yu-Cheng Chiao is Chairman of Winbond Electronics and Chairman of the Taiwan Electrical & Electronic Manufacturers Association. He is also Chairman of Nuvoton Technology and of Capella Microsystems. Mr Chiao was previously Chairman of Walsin Lihwa Electronic Wire & Cable Corp. He earned a bachelor’s degree in Telecommunication Engineering from the National Chiao Tung University and a master’s degree in Electronic Engineering from the University of Washington.

 
   

Douglas Hsu
Chairman and Chief Executive Officer
Far Eastern Group

Douglas Tong Hsu is Chairman and Chief Executive Officer of Far Eastern Group, one of the largest and most diversified conglomerates based in Taiwan. It comprises 240 companies extending into China with operations in countries such as CanadaHong KongSingaporeMalaysia and Thailand. The Group has nine public companies, which are leaders in their respective fields, including Petrochemicals & Energy; Sea/Land Transportation; Financial Services; Construction; Retail/Department Stores and Hotels. Mr Hsu holds positions in the Asia Business Council, the Asian Cultural Council, Board of Trustees of University of Notre Dame, Chung-Hua Institution for Economic Research and The Straits Exchange Foundation, among others. He has an honorary Doctorate of Management from the National Chiao Tung University, earned his B.A. and M.A. degrees from the University of Notre Dame, and undertook post-graduate studies at ColumbiaUniversity.

 
   

Leslie Koo
Vice-Chairman of the Chinese National Federation of Industries
Chinese National Federation of Industries
and 
Chairman
Taiwan Cement Corporation

Leslie Koo is Vice-Chairman of the Chinese National Federation of Industries (CNFI) in Taiwan. He is the Chairman and Chief Executive Officer of Taiwan Cement Corporation, among the largest cement company in Taiwan and the greater China region. Mr Koo concurrently serves as Chairman of Taiwan Prosperity Chemical Corporation and China Synthetic Rubber Corporation, Director of China Steel Chemical and CTCI Corporation, and Managing Director of the Industrial Bank of Taiwan. He also is Chairman of Taiwan Britain Business Council, Director of the Chinese National Association of Industry and Commerce and the ROC-USA Business Council, as well as Managing Director of the Taiwan Cement Manufacturers’ Association. Mr Koo earned an MBA degree from the Wharton SchoolUniversity of Pennsylvania, in 1981. He was awarded the 1999 Eisenhower Exchange Fellowship from the US, and the Order of the British Empire in 2008. 

   

Kuan Chung-ming
Minister
Council for Economic Planning and Development

Chung-Ming Kuan is Minister, Council of Economic Planning and Development, in Taiwan. He was appointed to this new position in February 2013 after being named Minister without Portfolio in February 2012. Chung-Ming Kuan earned his PhD degree in Economics from University of CaliforniaSan Diego, in 1989. He then became an Assistant Professor (1989-1995) and Associate Professor with tenure (1995-1996) in the Department of Economics, University of Illinois at Urbana-Champaign. He was a Professor (1994-1999) in the Department of Economics of National Taiwan University (NTU). He joined the Institute of Economics of Academia Sinica in 1999, where he served as a Research Fellow (1999-2004), Distinguished Research Fellow (2004-2009), and the director of that institute (2001-2007). He returned to NTU in 2009 and was an NTU Chair Professor in the Department of Finance. During his academic period, Dr Kuan published numerous papers in leading econometrics and statistics journals and was an Associate Editor for several international journals, including Econometric ReviewsInternational J. of Forecasting, and J. of Econometrics. He was also elected as an Academician of Academia Sinica in 2002.

   

Bowei Lee
Chairman and Chief Executive Officer
LCY Group

Bowei Lee is Chief Executive Officer and Chairman of the LCY group, a leading chemical company. Under his leadership since 1990 the group has witnessed rapid expansions through both organic growth and mergers and acquisitions, with revenue and profit growing 18 times in 21 years. Bowei is a founding member and chairman of the Taiwan Responsible Care Association since 2001. He has served as Managing Director of the PIAT (Petrochemical Industry Association of Taiwan) since 2002, Director of IMPCA (International Methanol Producers and Consumers Association) since 1987, Advisor of the Taiwan EPA (Environmental Protection Administration) since 2004 and is a founding Director of Standing Committee of Alxa Society of Entrepreneurs & Ecology (Association, one of the few NGOs founded by entrepreneurs in China, since 2004. Mr Lee earned his undergraduate and graduate degrees in chemical engineering from the Massachusetts Institute of Technology (MIT) and his MBA degree from
Stanford University. He was an American Institute of Chemist Scholar at MIT and a member of Tau BetaPi and Sigma Xi. After working for Chevron Research in the Bay Area for several years, he returned to Taiwan to work for Lee Chang Yung Chemical Industry Corp in 1982. 

   
Liu Da-nien
Director
Regional Development Study Center, Chung-hua Institution for Economic Research

Liu Da-Nien is director of The Regional Development Study Center at the Chung Hua Institution for Economic Research (CIER), a Taiwan-based international policy think-tank for economic and industry-related research. He was previously a research fellow in the International Division of the CIER and prior to that, was deputy director of the institution’s Taiwan WTO Center. Dr Liu’smajor research field and publications cover topics of international trade and investment, industrial economics, multilateral trading systems and regional integration. His current research focuses on the evaluation of the Economic Cooperation Framework Agreement and the Cross-Strait Economic relationship. He has been involved in Taiwan’s World Trade Organisation negotiations, and has participated in Asia-Pacific Economic Cooperation meetings and the formation of Taiwan’s policy on free trade agreements. Dr Liu earned his doctorate degree in Economics from CornellUniversity

   

Antony Lo
Chief Executive Officer
Giant Manufacturing

Antony “Tony” Lo is the Chief Executive Officer (CEO) of Giant Global Group. He has been a key leader at Giant since the company’s inception in 1972. Prior to becoming CEO, Lo had been President of Giant since 1988. Giant is a global bicycle group, with more than 12,000 employees worldwide and annual revenue of US$1.8 billion. Giant is a major cycling brand in the world, providing high-quality innovative cycling products through a specialty retail network. Mr Lo is the founding chairman of the "A-team" in Taiwan established in 2002. He was elected Chairman of the Taiwan Bicycle Exporters’ Association in December 2010. A graduate of the National Taiwan University, Mr Lo is an avid cyclist.

   

Schive Chi
Minister without Portfolio, Executive Yuan

Dr Chi Schive is Minister without Portfolio in the Executive Yuan for financial and economic projects. He was previously the Chairman of the Taiwan Stock Exchange Corporation (2008-2013),President of Taiwan Academy of Banking and Finance (2000-2007) and Vice-Chairman of the Council for Economic Planning and Development under the Executive Yuan (1993-2000). Dr Schive was also Taiwan’s chief negotiator for the General Agreement of Trade in Services during Taiwan’s accession to the World Trade Organization (1994-1999) and Vice- Chairman of the Economic Committee of Asia-Pacific Economic Cooperation or APEC (1995-1998). In academia, he was Chairperson and Professor of the Department of Economics, National Taiwan University (1990-1993), Dean of the School of Management and Director and Professor of Graduate Institute of Industrial Economics at National Central University (1985-1988). Dr Schive also was a Visiting Professor at Free University, Berlin (1990) and a Visiting Scholar at the Harvard-Yenching Institute (1984-1985). 

He 
holds a PhD in Economics and an M.A. in Economics (Case Western Reserve University), and an M.A. in Economics and a B.A. in Economics (National Taiwan University).

   
Yen-Shiang Shih
Former Minister of Economic Affairs
Taiwan

Yen-Shiang Shih was Taiwan’s Minister of Economic Affairs from September 2009 to February 2013. His main responsibilities included creating innovative economic policies and measures to stimulate growth in Taiwan. He is currently National Policy Advisor to President Ma Ying-jeou of Taiwan. Dr Shih’s more than 25 years of experience in government include being Chairman of the Board at CPC Corporation, where he played a key role in the state-owned enterprise’s reorganization. Prior to that, his positions included: Deputy Minister of Economic Affairs (2002-2009), Director-General of the Industrial Development Bureau in the Ministry of Economic Affairs or MOEA (2000-2002); and Director-General of Small and Medium Enterprises Administration in the MOEA (1992–1996). Dr Shih was a professor in the Department of Chemical Engineering and Technology, National Taiwan University of Science and Technology, from 1979 to 1986. He earned his bachelor’s degree in Chemistry from National Taiwan University and his doctoral degree in Chemistry from the Massachusetts Institute of Technology.

   
Stanley Yen
Chairman
Alliance Cultural Foundation

 

Stanley C. Yen is Chairman of the Alliance Cultural Foundation. He is also Chairman of The Landis Taipei and the Junyi School for Innovative Learning, as well as Honorary Chairman of the Taiwan Visitors Association. A respected veteran of the hospitality industry, Mr Yen used to be Group President of Landis Hotels and Resorts. He was Chairman of Taiwan’s International Travel Fair, the Taiwan Culinary Exhibition and the Taiwan Visitors Association. He also was President and Chief Executive Officer of The Grand Hotel Group, and was the Country Manager of American Express International (Taiwan).

 
   
Richard Watanabe
Financial Services Industry Leader
PricewaterhouseCoopers(PwC) Taiwan

Richard Watanabe holds several leadership positions at PricewaterhouseCoopers (PwC)  Taiwan, including Financial Services Industry Leader, Japanese Business Leader and Deputy Tax Leader. He is also a Director of the Board of Partners of PwC CaTSH, a governance body of PwC combined practices in China, Taiwan, Singapore and Hong Kong. Before joining PwC Taiwan, Dr Watanabe served as Asia Tax Manager at Lehman Brothers Asia Headquarters in Tokyo, and as a Senior Consultant at PwC Australia. Under his leadership of the firm's financial services and Japanese client markets, notably, PwC Taiwan has recently assisted more than three-fourths of the mainland Chinese banks setting up Taiwan operations and vice versa; and the firm is currently providing services to more than 400 Japanese companies operating in Taiwan.

As an academician, Dr Watanabe has been an Adjunct Professor at the National Chengchi University, Taiwan since 2002, and as a financial services regulatory specialist, he has been a Committee Member of Financial Services and International Affair Committees of the General Chamber of Commerce of the Republic of China, and an Advisor to the Taiwan Coalition of Service Industries advising financial services industry policies and issues relating to international trade of services. He is fluent in Chinese Mandarin, Japanese, English and Taiwanese.