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ANZ Economic Outlook Series 2019


Economic Outlook Series 2019

The economic outlook is as uncertain as it has been for a decade. On top of short-term risks, businesses must navigate more fundamental challenges to the commercial environment, as digital innovations move from proofs-of-concept to broad application, disrupting a range of businesses. It’s not just ecommerce and fintech: the impact of digital innovation is being felt across all sectors, as technology like ecosystem platforms, AI and blockchain become more widely deployed, upending business models but also presenting opportunities for early adopters.




ANZ Research Team 

Richard Yetsenga is Chief Economist and Head of Research at ANZ. In this role, he leads the Bank's economic and markets research efforts, with a focus on Australia, New Zealand and Asia.

With more than 20 years of experience in Asian financial services, Richard joined ANZ in 2011 from HSBC in Hong Kong, where he was Managing Director and Global Head of Emerging Market FX Strategy. Prior to his seven years at HSBC, Richard held economics and markets strategy roles with Deutsche Bank and the Australian Government.

Richard publishes on issues of broad relevance, including why technology’s challenges eclipse the rise of China; the Aldi-isation of retail; India’s credible reform; this more sceptical phase of globalisation; and how GDP and welfare are parting company.

The ANZ Research team has been recognised with more than 30 top-three rankings in major industry surveys across Australia, New Zealand and Asia in the last five years, alongside numerous industry awards.

Khoon is the Head of Asia Research for ANZ. He oversees and co-ordinates the Asia economics and strategy research functions in Singapore. Khoon has close to 20 years of experience working in various economic and strategy roles across both the public and private sectors.

He actively travels to market ANZ’s views to investor clients, such as central banks, hedge funds and real money; as well as corporate clients. He also appears regularly in the media.

ANZ’s Asia research team have been ranked in the top two for FX Research and Market Coverage as voted by financial institutions in the AsiaMoney FX Poll between 2012 and 2016, the last year that the survey was conducted. ANZ was also ranked second for best regional team for Asian macroeconomic research in the AsiaMoney Fixed Income Poll 2016, and ranked first for five years running in the KangaNews Fixed-Income Research Polls between 2014 and 2018 for best research on Asian markets. ANZ was the top EM Asia FX forecaster in 2015 and 2016 as ranked by Reuters.

Raymond Yeung is the Chief Economist, Greater China with Australia and New Zealand Banking Group (ANZ), based in Hong Kong.

Raymond is responsible for leading ANZ’s research coverage of China, Taiwan and Hong Kong. His views on the Chinese economy have been highly valued by ANZ’s clients, sovereign institutions and regulators. He has proven track records in predicting changes in central banks’ monetary policies in the region by making out-of-consensus policy calls.

In addition, he plays an instrumental role in ANZ’s annual report on the internationalisation of the RMB, and has garnered a strong following for his intellectual offering to ANZ’s clients. His views are frequently cited by Bloomberg, Reuters, Dow Jones, the Financial Times and the Chinese media.

Prior to joining ANZ, Raymond was Deputy Head of Economic Research at Swiss Re (Asia). He earned a doctoral degree in economics at Queen’s University, Canada in 1999.

Keynote SpeakerS

For Singapore Event

Dr. Ayesha Khanna is Co-Founder and CEO of ADDO AI, an artificial intelligence (AI) solutions firm and incubator. She has been a strategic advisor on artificial intelligence, smart cities and fintech to leading corporations and governments. Ayesha also serves on the Board of Infocomm Media Development Authority (IMDA), the Singapore government's agency that develops its world-class technology sector to drive the country's digital economy and power its Smart Nation vision.

In 2017, Ayesha was named one of South East Asia's groundbreaking female entrepreneurs by Forbes magazine in 2018. Ayesha has been named one of Singapore's leading female entrepreneurs and a leading Asian fintech influencer by Fintech Asia. Ayesha is author of Straight Through Processing (2008) and co-author of Hybrid Reality: Thriving in the Emerging Human-Technology Civilization (2012).

She has been published and quoted on technology, innovation and smart cities in The New York Times, BusinessWeek, TIME, Newsweek, Forbes, Harvard Business Review.  She has presented at major financial, technology and other industry conferences, provided high level government briefings, chaired symposiums such as AI Asia, and spoken at TEDx events.

For Hong Kong Event

Kenneth R. Rehmann (Ken) is Chief Financial Officer, Asia Pacific, based in Hong Kong. Since 2013, he has been responsible for finance and accounting, compliance, asset management, feasibility, and owner and franchise relations. Ken is also overseeing the continued integration of the Starwood Hotels & Resorts acquisition on behalf of the APAC continent.

He was previously the Global Officer, Brand Management, Marketing and eCommerce, responsible for global brand strategy, marketing strategy and services (including Marriott Rewards) and eCommerce platforms for Marriott International.

Ken served as Executive Vice President, Operations for The Ritz-Carlton, in charge of North American operations, product & brand management, new business development and residential and club operations. At The Ritz-Carlton, he also held roles as Executive Vice President, Operations and Chief Financial Officer as well as Senior Vice President and Chief Financial Officer. 

Prior to joining The Ritz-Carlton, Ken held various finance positions with Marriott International, including Senior Vice President of Lodging Finance & Business Development, providing finance support on development projects, M&A, asset management and lodging initiatives. He was also the lead finance representative for Marriott on the acquisitions of The Ritz-Carlton Hotel Company (1995), The Renaissance Hotel Group (1997) and ExecuStay (1999). 

Prior to joining Marriott, Ken was a senior consultant with Deloitte, Haskins & Sells in the firm’s Washington, D.C. office. Ken received an undergraduate degree in accounting from The University of Maryland and a Master in Business Administration from The George Washington University. He obtained his Certificate of Public Accountancy (CPA) from the State of Maryland. He sits on the Advisory Board of the Smith Business School, University of Maryland. Ken and his wife Kim reside in Hong Kong and have two children, Brendon and Katelyn, who reside in the U.S.

For China Event

Jun Qian is Professor of Finance and Executive Dean at the Fanhai International School of Finance (FISF), Fudan University. Prior to joining FISF in July 2017, he was Professor of Finance and Director of the DBA/EMBA/EE programs at the Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University; he was also the Deputy Director of China Academy of Financial Research. Before returning to China in 2013, he was a tenured finance professor at the Carroll School of Management, Boston College.

Professor Qian's research interests span many topics of corporate finance, financial institutions and capital markets. His research papers have been published in top academic journals including the American Economic Review, Journal of Finance, Review of Financial Studies, and Journal of International Economics. One of his best-known papers, published in the Journal of Financial Economics in 2005, is elected an “All-Star” paper based on its large number of citations. In the paper, he and his coauthors explained how China has achieved its impressive economic growth without strong formal institutions or an efficient, ‘standard’ financial system that includes a stock market and a banking sector. This paper has led to a large and growing number of studies examining the role of alternative institutions in promoting economic growth in China and other developing countries. He also contributed book chapters on developing financial systems, including China’s Great Economic Transformation, Emerging Giants: China and India in the World Economy, China’s Emerging Financial Markets: Challenges and Opportunities, and Global Perspectives of Rule of Law.

Professor Qian is an Associate Editor of Frontiers of Economics in China and was on the editorial board of Review of Finance. He is a Research Fellow at the Financial Institutions Center of the Wharton School, University of Pennsylvania. He has also been on the organizing committee of the China International Conference in Finance, the best academic finance conference in Asia, since its inception, and served as conference Co-Chair during 2008-2010. He was also one of the academic advisors for The Chinese Finance Association, the largest organization for Chinese finance practitioners in the U.S. He served as a visiting or special-term professor at MIT’s Sloan School of Management, the Wharton School, School of Economics and Management of Tsinghua University, and Shanghai University of Finance and Economics.

Professor Qian received his Ph.D. from the University of Pennsylvania in 2000, and his B.S. degree in economics from University of Iowa. He also enrolled at Department of International Economics, Fudan University as an undergraduate.



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