Panel A: Banking & Capital Markets

In recent days, Asian Capital Market has developed so rapidly because majority of foreign investors began to invest a large portion of their fund in Asian Countries and also Asian countries started to liberalize financial regulation. Currently, the rapid development of Asian Capital Market is presenting opportunities as well as challenges at the same time to people who are doing business in Asian Capital Market. In this panel, you have great opportunities to hear meaningful experience and insight from panelists who have in-depth knowledge and exposure towards Asian Capital Market.

Panelists:

David Baeckelandt Principal - Head of Analytics & Research Group Mercer

	David Baeckelandt is the head of the Analytics & Research Group ("A&R") for the U.S., a unit of Mercer (services provided by Mercer Investment Consulting, Inc). A&R is responsible for the sales and servicing of the Global Investment Manager Database (GIMD) and related proprietary investment tools. GIMD consists of proprietary investment manager research of more than 16,000 strategies and over 40,000 products by more than 100 consultants and researchers in more than 40 offices around the world. These tools are used internally by Mercer's Investment Consultants and increasingly by major plan sponsors and consultants globally. Mr. Baeckelandt has nearly 20 years of investment experience. Prior to joining Mercer Investment Consulting, Mr. Baeckelandt spent three years investing and raising capital for private placements in Chicago and the Pacific Rim. Earlier, Mr. Baeckelandt spent eight years at William Blair & Co., where he established the first foreign firm in Japan to receive a dual, investment advisory/broker dealer license, and where he managed the firm's Japanese subsidiary. From 1988 to 1994, Mr. Baeckelandt sold investment management and employee benefit trust products for the predecessor banks of Tokyo-Mitsubishi Bank. Earlier, Mr. Baeckelandt worked as an interpreter and translator.. Mr. Baeckelandt holds an MA and a BA from the University of Illinois at Urbana. He has published and spoken extensively on Japanese and Chicago financial history (most recently on the historical origins of Japanese Corporate Governance and Chicago's Financial Firsts). Currently Mr. Baeckelandt and a Japanese professor are working on a bilingual study of Japanese financial printing tentatively titled "Japanese Financial Arts". Mr. Baeckelandt holds and has held board positions with various non-profits and private firms in North America and Asia.

Jay R. Feuerstein Chief Investment Officer & Managing Partner 2100 Xenon, a division of 2100 Capital Group, LLC

	Jay R. Feuerstein is the Chief Investment Officer of 2100 Xenon which is a division of 2100 Capital Group, LLC. He is responsible for managing the futures portfolio and directing futures research. He is also a partner of 2100 Capital Group. Prior to founding Xenon, he was a Managing Director and Principal at Bear Stearns & Co. Inc. Prior to Bear Stearns, he served as Senior Vice President for Paine Webber Kidder Peabody and Director of Global Futures Sales and Marketing for Fixed Income, Kidder Peabody. Mr. Feuerstein has published works in The Journal of Futures Markets, Corporate Finance Review, The Family Office Exchange and the MFA Reporter. In addition, he is a frequent industry speaker at events sponsored by such institutions as The Chicago Board of Trade and The University of Chicago. Mr. Feuerstein earned his MBA in finance from the University of Chicago in 1980, and his BS from the University of Illinois at Urbana in 1977. He has 27 years of industry experience. About 2100 Capital Group 2100 Capital Group is a diversified alternative investments company providing investment management capabilities to the institutional and retail marketplace. 2100 Capital Group manages various investment strategies using both quantitative and fundamental approaches to capital markets. 2100 Capital Group's investment strategies focus on stock, bond, currency and commodity markets globally. The firm's strategies also include quantitative long/short equity, managed futures and macro.

Takashi Oyagi CEO and President of MBH America, Inc.

	Mr. Takashi Oyagi is the CEO and President of MBH America, Inc (MBHA). MBHA is a subsidiary of Monex Beans Holdings, Inc. in Japan, a stock holding company that owns Japan's second largest online securities brokerage company, Monex, Inc. Previously, Mr. Oyagi was a Director at Deutsche Bank Securities Inc. in the Global Markets Division in New York covering Japanese financial institutions. Prior to that, he worked for Monex, Inc. from 1999 to 2003, contributing to the firm as one of the four founding members. Before joining Monex, Inc., he worked for Goldman Sachs (Japan) Ltd. in the Fixed Income, Currency and Commodities Division as one of the founding members of Asian Special Situation Group. He began his career at the Bank of Japan in 1991. Mr. Oyagi received a BA in law from the University of Tokyo, and holds an MBA in analytic finance from the University of Chicago Graduate School of Business in 1997. Group companies websites: Monex Beans Holdings, Inc. , Monex, Inc.

Robert Bob C. Taylor Senior Advisor Duff & Phelps

	Mr. Taylor is currently a Senior Advisor to Duff & Phelps (nyse: DUF), an investment bank specializing in advisory services, financial restructurings, dispute and legal consulting, and mergers & acquisitions. Mr. Taylor has advised on such restructurings in the US, Mexico, Dominican Republic and Canada. Involving companies such as Satellite Mexico, RCN Communications, Tricom SA, and others in the Telecom, Media and Technology fields. Mr. Taylor is formerly the CEO and President of TeleGuam Holdings (TGH). TGH is a holding company providing a number of communications services in the Asia in the western Pacific Rim. In that role, Mr. Taylor oversaw the company's key position at the crossroads of all telecommunications between North American and Japan, the rest of Asia and Australia. Mr. Taylor serviced as the principal civilian representative from the telecommunications industry for the US Military Asian move out of Japan and into Guam. Prior to 1996, Mr. Taylor has served in executive positions at MFS Communications and MCI Communications. Mr. Taylor help develop the first competitive telecommunication markets in Australia and New Zealand via MCI joint ventures. Mr. Taylor held operational positions at Illinois Bell Telephone and research position at Bell Communications Research. Mr. Taylor has testified in front of the US Congress (both House and Senate) on several occasions as an expert on competitive telecommunications. Mr. Taylor was named in 2002 by the Chairman of the US Federal Communications Commission to be on the Network Reliability & Interoperability Council (NRIC). One of the main roles of the Council was to advise the FCC on post 9/11 Homeland Security issues. Mr. Taylor has sat on numerous public & private, domestic and international Boards of Directors. He has served at a financial expert on public audit committees. Mr. Taylor has a degree in Mechanical Engineering. He also has a degree from the University of Chicago's Graduate School of Business in 1990. Mr. Taylor was an inaugural member of the GSB's Entrepreneurial Advisory Board. He has assisted in the creation of 2 Case Studies currently used at the GSB and has helped teach these in both of Chicago and Singapore campuses.

Moderator:

Phillip Braun Visiting Professor of Finance University of Chicago Graduate School of Business

	B.A., Economics, with Honors, Oberlin College, 1981; M.A., Economics, with Honors, Washington University in St. Louis, 1986; Ph. D., Finance and Economics, Graduate School of Business, University of Chicago, 1993. RESEARCH ACTIVITIES The interactions between the macro economy and financial markets. SELECTED PUBLICATIONS "Good News, Bad News, Volatility, and Betas," joint with Dan Nelson and Alain Sunier, Journal of Finance, 50, 1995: 1575-1604; "Time Nonseparability in Aggregate Consumption: International Evidence," joint with George Constantinides and Wayne Ferson, European Economic Review, 37, 1993: 897-920; "Misspecifications in Vector Autoregressions and their Effects on Impulse Responses and Variance Decomposition¡¯s," joint with Stefan Mittnik, Journal of Econometrics, 59, 1993: 319-341; "Twenty-two Years of the NBER-ASA Quarterly Economic Outlook Surveys: Aspects and Comparisons of Forecasting Performance," with Victor Zarnowitz, in Business Cycles, Indicators, and Forecasting, James Stock and Mark Watson, eds., University of Chicago Press, 1993: 11-84; "A Case Study of Expert Judgment: Economists' Probabilities Versus Base-Rate Model Forecasts," joint with Ilan Yaniv, Journal of Behavioral Decision Making, 5, 1992: 217-231 RELATED EXPERIENCE Office of the Prime Minister, Thaksin Shiniwatra, Executive Member, Chief Policy Advisory Group, 2000-2006; The Brooker Group Plc., President and Executive and Authorized Director, 2003-2004; Credit Lyonnaise Securities (Asia) Ltd., Global Emerging Markets, Managing Director, Corporate Finance, 2000-2003; A. T. Kearney Inc., Principal (London, New York) and Country Manager (Thailand), 1997-2000 ; Northwestern University, Kellogg Graduate School of Management, Assistant Professor of Finance, 1991-1997; Executive Office of the President (Ronald Regan), White House Council of Economic Advisers, Economist, 1986 -1987.

Panel A: Banking & Capital Markets

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