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Session 6: Sovereign Wealth Funds and Protectionism
This session looks at the structure and projected growth of SWFs and the potential backlash from political constituencies in the capital-importing countries.
Sponsor: NABE International Roundtable
Presentations
Speakers
Susan Lund
McKinsey Global Institute
Susan Lund is a Senior Fellow at the McKinsey Global Institute, where she leads its research on global capital markets. MGI publishes an annual update on trends in global capital markets, based in part on a unique database of the world's financial markets. In addition, recent reports have examined the sustainability of the US current account deficit, analyzed prospects for China's financial system, and assessed how India's financial sector affects economic growth. MGI has also examined the impact of hedge funds, private equity, petrodollars, and Asian central banks on global financial markets. Prior research looked at the origins of financial crises.
Lund joined McKinsey as a consultant in 1996 in the Washington, DC office. She served a variety of clients in investment banking, financial services, and international financial institutions. She became a member of the Board of Editors at The McKinsey Quarterly in 2000, where she wrote numerous journal articles and opinion pieces for leading international publications on economics and public policy.
Prior to joining McKinsey, Ms. Lund was a Fulbright Fellow in the Philippines, where she conducted research on micro-credit programs, and worked as a consultant at the United Nations Research Institute for Social Development in Yunnan, China. She was an analyst at Mathematica Policy Research in Washington DC, and served for two years as a Peace Corps volunteer in a remote mountain community in the Philippines.
Ms. Lund holds a Ph.D. in international economics from Stanford University. Prior to that, she graduated summa cum laude from Northwestern University with a Bachelor of Arts in Economics. Her publications have appeared in journals such as Foreign Affairs, the Far Eastern Economic Review, the Journal of Economic Development, the Milken Review, the International Economy, and the McKinsey Quarterly.
David A. Smith
House Financial Services Committee
Andrew Rozanov
State Street Global Advisers
Andrew Rozanov is Head of Sovereign Advisory at State Street Global Markets, the investment research and trading arm of State Street Corporation. For the last four years, he has been advising and servicing central banks and sovereign wealth funds on various aspects of reserve management. In the past, he worked in State Street’s Japan office as a fund manager and product engineer, focusing on global fixed income, currency and asset allocation. Andrew also worked as a Director in the Equity Capital Markets Group at UBS Investment Bank in Tokyo, originating and executing equity block trades and convertible bond transactions for Japanese corporate clients.
Andrew has a Master’s Degree in Oriental Studies (with concentration in Japan) from Moscow University. He has lived, studied and worked in Japan for a total of 20 years, and is fluent in English, Russian and Japanese. He is a CFA Charterholder, and also holds designations of Financial Risk Manager (FRM) from the Global Association of Risk Professionals and Chartered Alternative Investment Analyst (CAIA) from the CAIA Association. Andrew’s work has been published in the Wall Street Journal, Central Banking Quarterly Journal, The World Today and Vedomosti financial daily. His research has been quoted or referenced in Euromoney, The Economist, Finance Asia, Les Echos, Smart Money and RGE Monitor.
