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Speakers
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Mukul G. Asher is Professor in the Public Policy Programme at the National University of Singapore. He was educated in India and the United States. In addition to these countries and Singapore, he has also taught or researched in Australia, Malaysia and Sweden. From June 1997 to December 1997 he was a Visiting Professor at the Fiscal Affairs Department of the International Monetary Fund. He specializes in Public Finances of developing countries. He is regarded as the leading authority on social security arrangements in Southeast Asia. He is also involved in researching social security issues in India.He has authored or edited several books, and has published numerous articles in national and international journals. He has been a consultant to the World Bank, International Monetary Fund, Asian Development Bank, UN-ESCAP, Asian Development Bank Institute, and Oxford Analytica. He has addressed many academic conferences and business and professional gatherings. His contacts with the print and the radio and the TV media have been extensive.
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Afsaneh Mashayekhi Beschloss is President and Chief Executive Officer of CAMG. Prior to joining CAMG in 2001, Ms. Mashayekhi Beschloss was Treasurer and Chief Investment Officer of the World Bank where she was responsible for managing the World Bank’s $200 billion balance sheet as well as its $65 billion in assets and a $30 billion funding strategy. Her previous responsibilities at the World Bank included Director of Investments and Senior Manager for the Energy Sector Management Program. Ms. Beschloss worked at J.P. Morgan in New York and London, and at Shell International Group Planning in London, and taught international trade at Oxford University. She holds a Master´s degree (Honours) in Economics from Oxford University. Ms. Mashayekhi Beschloss is a member of the Board of Trustees of the Ford Foundation, Colonial Williamsburg Foundation, and WETA (Public Television, Washington D.C.). She is also on the Board of Directors of Temple-Inland, Inc., advises a number of international pension funds and central banks, and has written a number of journal articles and books.
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Cesare Calari, an Italian national, was appointed Vice President of the Financial Sector of the World Bank in July 2001. He is responsible for the Bank's policy, advisory, and lending work in respect of financial sector development and stability. After experiences in law practice and with the Bank of Italy, he joined the International Finance Corporation (IFC) in 1982 and has held a number of appointments including Director of the IFC Africa Region and Director of the IFC Global Financial Markets Group, the position he held prior to becoming Vice President of the Financial Sector. Mr. Calari is a member of the Financial Stability Forum and serves on the Board of Directors of Moneda Asset Management (Santiago, Chile). He has also been a director of Zivnostenska Banka (Prague), Nomura Hungary (Budapest), and International Bank in Poland (Warsaw). Cesare Calari holds degrees in law and international economics from the University of Bologna (Italy) and Johns Hopkins University (US).
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Jeffrey Carmichael was appointed inaugural Chairman of the Australian Prudential Regulation Authority in July 1998. Dr. Carmichael brings to his chairmanship of APRA considerable experience and knowledge of the financial system both as a result of his extensive academic career, where he specialized in the field of banking and finance, and, more directly, in prudentially regulating financial institutions. In the past decade he served variously as: a Commissioner on the Queensland Government's Inquiry into Non-Bank Financial Intermediaries in Queensland and the Queensland Government's Audit Commission; Chairman of the Australian Financial Institutions Commission; and Chairman of the Queensland Office of Financial Supervision. In 1995, Dr. Carmichael was awarded an Officer of the Order of Australia (AO) for service to finance, education and the community. Dr. Carmichael's career experience includes senior positions with the Reserve Bank of Australia, seven years as Professor of Finance at Bond University and appointment to a number of Government inquiries and Government and private sector Boards. His academic qualifications include first class honors and honors Masters degrees from the University of NSW and an M.A. and Ph.D. from Princeton University. He has published in a number of the world's leading journals, including the American Economic Review and the Journal of Finance.
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Edgar Robles Cordero was named Superintendent of Pensions for Costa Rica in 2002. He served previously as Economic Advisor to the President of Costa Rica (1998–2001) and as Viceminister of Finance (2001–2002). A Professor of Economics at the University of Costa Rica since 1991, Dr. Robles has also worked as an external researcher to the IMF, IADB, USAID, Harvard University, University of Quebec in Montreal, SIECA, and Chemonics. He holds an M.A. in Economics from the University of Costa Rica and a Ph.D. in Economics (with emphasis in Public Finance and Economic Growth) from The University of California, Los Angeles.
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Nancy C. Everett is the Chief Investment Officer for Virginia Retirement System’s $38 billion defined benefit plan and over $500 million defined contribution plans. She joined VRS in 1979 and is currently responsible for all investment programs including equity, fixed income, alternative investments, real estate and cash. She previously managed in-house equity funds and all international programs. Ms. Everett is affiliated with the Richmond Society of Financial Analysts and was its past President, Board of Directors. She is currently a member of the Investment Advisory Committee of Randolph-Macon College, Stanford Fiduciary College Advisory Board and Business Council of Virginia Commonwealth University. Ms. Everett has a Bachelor of Science degree in Accounting from the Virginia Commonwealth University in 1978 and Chartered Financial Analyst in 1987.
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Samuel Halpern is Executive Vice President and general counsel of Independent Fiduciary Services, Inc., a pension investment-consulting firm. The firm specializes in advising domestic and international governments on their retirement systems, including organizational structure, investment programs and practices, financial operations and fiduciary standards. Mr. Halpern advises clients on prudent investment practices, controls over risk and expense, asset allocation, alternative investments, and related matters. He has been integrally involved in every “fiduciary audit” his firm has performed, collectively concerning over $200 billion in assets, and all “independent fiduciary transactions,” where the firm acts as an independent adviser or decision maker in place of the regular plan fiduciary. Previously a partner in a Washington, D.C. labor law firm, he specialized in the field of fiduciary responsibility regarding ERISA-covered investments. Before entering private practice, Mr. Halpern litigated fiduciary responsibility cases under ERISA at the U.S. Department of Labor, where he helped develop the rules governing pension fund investments. He has authored numerous articles regarding fiduciary responsibility and prudent investment practices, is a member of the National Association of Public Pension Attorneys and frequently speaks at pension industry conferences. He graduated Phi Beta Kappa from Brown University, attended the London School of Economics and received his law degree with honors from the George Washington National Law Center in Washington, D.C.
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Sung-Yun Han, a Korean national, has served from 1996 to the present as a Research Fellow and is now head of the Pension Policy Team of the National Pension Research Center at the National Pension Corporation in Korea. Since 1998 he has served as a Lecturer at the Korea University, Ajou University, and Ewha University. From 1995 to 1996. Mr. Han was an Associate Professor in the Department of International Economics at Donghae University in Korea. He has contributed to several research projects working as researcher from September of 1992 to July of 1994 at Federation Francaise des Societe d'Assurance (F.F.S.A.) and Institute d'Histoire et Sociale (I.H.E.S.) in Paris, France. Mr. Han received a Ph.D. in Financial Economics (Investment) from University of Paris 10 (Nanterre), Diplome d'Etude Approfondies (D.E.A.) in Decision Theory and Macroeconomics from Ecole Normale Superieure and Economic History from University of Paris I (Pantheon Sorbonne) and M.S. in Economics (Money and Banking) from University of Paris 9 (Dauphine); B.A. in Economics from Ajou Univerisity in Korea.
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David Hess is an Assistant Professor at the Rutgers Business School. His research focuses on issues in the areas of corporate governance, corporate social responsibility, and business and government. He has contributed articles to such publications as the California Management Review, Business Ethics Quarterly, Cornell International Law Journal, Journal of Corporation Law, and Northwestern Journal of International Law & Business. Professor Hess received a J.D. from the University of Iowa, M.A. and Ph.D. degrees in management from The Wharton School of the University of Pennsylvania, and a B.A. in economics from Grinnell College.
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Robert Holzmann, an Austrian national, is currently the Director of the Social Protection Department of the Human Development Network of the World Bank (since May 1997). This unit is in charge of the conceptual and strategic Bank work in the area of social risk management, covering pensions, labor market interventions and social safety nets. He joined the Bank with a leave of absence from the University of Saarland (Germany) where he is the professor of economics and the Director to the European Institute. He was professor of economics at the University of Vienna and guest-professor at various universities in Chile, Japan and the USA. As principal administrator at the OECD (1985–87), he wrote a comprehensive report on public pension reform in industrialized countries. At the IMF (1988–1990) he was involved in fiscal and social security issues of Hungary, Poland and Bulgaria. Prior to joining the Bank he worked as a consultant on pension issues in 11 transition economies of Central and Eastern Europe, and he researched the economic and financial market effects of the Chilean pension reform. He has published 17 books and over 100 articles on social, fiscal and financial policy issues.
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John Ilkiw was named director, global consulting practices of Frank Russell Company in May 2000. He is responsible for the quality and consistency of Russell’s global consulting advice. In addition, he is senior consultant to a limited number of U.S. consulting clients. Prior to assuming his current role, John was director of consulting for Russell’s London office. He was responsible for the reputation and profitability of Russell’s London-based consulting operations. He was also senior consultant to clients in the U.K., Jersey and Switzerland. John joined Frank Russell Company in Canada in 1989 as a consultant and was director of consulting in the Toronto office from 1994 to 1997. He specialized in trustee education, fund governance, asset-liability management and structured investment strategies. From 1986 to 1989, John was an asset-liability management consultant with William M. Mercer Limited. From 1983 to 1986, he was Ontario's director of the Pension and Income Security Policy Branch. Before that time, John served as a senior advisor on pension issues for Ontario's Ministry of Treasury and Economics. He joined the Ontario civil service in 1974 to research Canada Pension Plan financing and benefit issues. John is a former Chair of the Investment Advisory Committee to the Pension Commission of Ontario. He is a CFA Charterholder of the Association for Investment Management and Research and the author of The Portable Pension Fiduciary: A Handbook for Better Fund Management, published by Maclean-Hunter in 1997. John holds a B.A. in economics from York University (1972) and an M.A. in Economics from the University of Toronto (1975).
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Gregorio Impávido has worked as a Financial Economist in the Financial Sector Development Department of the World Bank since 1998. His areas of expertise are pension funds and pension reforms, insurance markets, supervision of insurance and private pensions markets. Prior to 1998 he was a consultant to the European Investment Bank and worked at the European Bank for Reconstruction and Development (EBRD). He has researched and analyzed insurance and pension markets, supervision, and regulation in numerous countries and has researched contractual savings and financial markets development in Eastern and Western Europe, Asia, Africa and Latin America (i.e. Philippines, Mozambique, Gambia, Senegal, Mexico, Armenia, Georgia, Lithuania, Luxembourg, United Kingdom). Mr. Impavido is the author and co-author of number of essays on contractual savings, stocks and assets markets, credit rationing, pension funds, development and reforms of pension markets: “Contractual savings, capital markets, and firms’ financing choices.” (World Bank 2001), “Contractual savings, stocks, and asset markets.” (World Bank 2001), “Contractual savings or stock market: which leads?” (Journal of Applied Social Science Studies and World Bank, 2000), “Pension Reform and the development of pension funds and stock markets in Eastern Europe.” (1997). He holds a Ph.D. in Economics and an M.Sc.in Quantitative Development Economics from the University of Warwick, UK; and a B.Sc. in Economics from Bocconi University.
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Daniel Kaufmann is an expert, researcher and advisor in the field of governance, anti-corruption and institutional reform, and has spearheaded new empirical survey methodologies with colleagues at the World Bank and in academia. With his team, they support countries that request assistance in their efforts to improve governance and the environment for private sector development, as well as civil society inclusion. He frequently advises state leaders, senior officials and civil society on strategies to improve governance. Previously, he was a lead economist in the development economics Group and in the Eastern Europe/Former Soviet Union region. During the early nineties he was the Bank's first chief of mission in Ukraine. He was a member of the core team which produced the World Development Report 1991, distilling the key lessons from development experience. He was a visiting scholar at Harvard University in the mid-nineties, where he conducted research on the climate for investment and business worldwide and on corruption, and provided policy advice to governments. Mr. Kaufmann has published in leading economic and public policy journals on issues of economic development, privatization, investment productivity, governance, the unofficial economy, industrial and trade restructuring, corruption, transparency, urban poverty and labor economics.
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Knut N. Kjaer is the Executive Director of the Norges Bank Investment Management / The Norwegian Government Petroleum Fund since 1997 to the present. From 1994 to 1997, he served as the Executive Vice-President of Storebrand, Noway’s largest insurance company. Mr. Kjaer is also a founding member of the Economic Analysis Centre, ECON, where he was a senior partner and researcher from 1986 to 1994. From 1983 to 1986 he worked as a Research Fellow at the Department of Economics at the University of Oslo and then as a Researcher in Economic Analysis Group, Statistics Norway.
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Ruben Lamdany is the Director of the Sector and Thematic Department of the World Bank Institute, which delivers training and capacity development programs. Until recently, Mr. Lamdany managed the Country Evaluations and Regional Relations Group in the Operations Evaluations Department of the World Bank, which evaluates country assistance programs, thematic programs and the Bank’s portfolio of adjustment loans and loans supporting financial sector and private sector development. Prior Bank assignments included being Lead Economist for Turkey, Romania, Bulgaria and Macedonia, and Principal Financial Economist in Russia and Ukraine. He also collaborated in delineating and implementing the Bank’s support for Debt Reduction operations under the Brady Initiative and advised clients on debt restructuring. While on leave from the Bank he served as Advisor in the Monetary Department of the Bank of Israel. He also held the position of Advisor and mission chief for Greece and Slovakia in the European Department of the International Monetary Fund. Before joining the World Bank, he advised the Planning Institute of Jamaica on Trade and Industrial Policy. Mr. Lamdany holds a Ph.D. in Economics from Columbia University and degrees in Economics and Mathematics from the Hebrew University in Jerusalem. He has published on Human Resources, Financial Sector, and Transition Economies.
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John MacNaughton is the first President and Chief Executive Officer of the Canada Pension Plan (CPP) Investment Board. Prior to joining the CPP Investment Board Mr. MacNaughton had a distinguished career in the investment industry in Canada and abroad. In the spring of 1999 he retired as President of Nesbitt Burns Inc., one of Canada's largest investment dealers, after 31 years with that company and predecessor firms such as Burns Fry and then Nesbitt Burns. He served as President from 1989 until his retirement. Mr. MacNaughton is presently a Trustee of the University Health Network which operates three teaching and research hospitals: Princess Margaret, Toronto General and Toronto Western. He has served previously as Chairman of the Princess Margaret Hospital Foundation, Chairman of the Investment Dealers Association of Canada, President of the Empire Club of Canada, National Secretary of Progressive Conservative Association of Canada, Vice President and Director of the Canadian Stage Company, and Governor of Ryerson Polytechnic Institute (now University).
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Anne Maher is Chief Executive of The Pensions Board, Ireland. She is a board member of the Review Board established by the Accountancy Foundation in the UK, of the Irish Accounting and Auditing Supervisory Authority and of the Irish Health Insurance Authority. She is also a member of the Advisory Council to the Eircom ESOP Trustee and a Governor of The Pensions Policy Institute (UK). She holds a law degree from University College Dublin.
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Brian McCulloch is Principal Advisor in the Asset and Liability Management Branch of the New Zealand Treasury. The Asset and Liability Management Branch advises Treasury Ministers on managing and financing the Crown's assets and liabilities. The branch is responsible for giving advice on financial policy on the Crown balance sheet, public sector financial management systems and managing commercial, contractual and litigation risks on behalf of the Crown. This includes advice on the Crown's ownership interests and obligations in State Owned Enterprises, Crown companies, and Crown financial institutions. The branch also includes the New Zealand Debt Management Office, which manages the Crown's debt portfolio, overall cashflows and interest-bearing deposits. Since joining the Treasury in 1990, Brian has undertaken various management and advisory roles in the general area of financial management policy. He recently led the policy development for the establishment of the New Zealand Superannuation Fund. His experience prior to joining the Treasury included auditing and management consulting. Dr. McCulloch is also a Chartered Accountant and holds a Ph.D. in accounting and finance from the School of Business at the University of Washington.
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Olivia S. Mitchell is a Professor of Insurance and Risk Management at the International Foundation of Employee Benefit Plans, and the Executive Director of the Pension Research Council, at the Wharton School of the University of Pennsylvania. Dr. Mitchell is also a Senior Fellow of the Wharton Financial Institutions Center and the Leonard Davis Institute, and a Research Associate and a Board member of the Penn Aging Research Center. Concurrently Dr. Mitchell is a Research Associate at the National Bureau of Economic Research and a Steering Committee member for the AHEAD Health and Retirement Studies at the University of Michigan. Professor Mitchell's main areas of research and teaching are private and public insurance, risk management, public finance and labor markets, and compensation and pensions, with a US and an international focus. Her current research analyzes public and private retirement pensions as well as links between wealth, health, and retirement. She published nine books and over 70 articles. Her co-authored article on Social Security reform won the 1999 Paul Samuelson Award for "Outstanding Writing on Lifelong Financial Security" from TIAA-CREF. Dr. Mitchell received the M.A. and Ph.D. degrees in economics from the University of Wisconsin-Madison, and the B.A. in economics from Harvard University. She previously taught at Cornell University, visited Harvard University and the University of New South Wales, and served on the US Department of Labor's ERISA Advisory Council. She has consulted with private and public organizations including the World Bank, the ADB and IADB, the Departments of Labor and Health and Human Services, the Federal Reserve Board, KPMG Peat Marwick, Mobil Corporation, IBM, and Watson Wyatt Worldwide. She speaks fluent Spanish and Portuguese, having lived and worked in Latin America, Europe and Australasia.
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Alberto R. Musalem has been an adviser on contractual savings (pension and life insurance) and the tax treatment of financial instruments in the Financial Sector Development Department at the World Bank since January 1998. He pioneered the work on contractual savings at the Bank when he lead the production of the first report of its kind: Mexico - Contractual Savings in 1990. Since he also worked on similar projects in countries such as Argentina, Bulgaria, Costa Rica, Egypt, India, Korea, Lebanon Philippines, Russia, Saudi Arabia, Sri Lanka, Thailand, and Uruguay. Mr. Musalem also has contributed to the research and analysis of the effects of contractual savings on financial markets. During 1985 to 1997 Mr. Musalem lead the dialogue on economic, trade and financial sector policies in several countries of Latin America, Middle East and Eastern Europe. His experience prior to joining the World Bank includes work for the Rockefeller and Ford Foundation as a visiting professor in graduate economics programs in South America and the United States (1971–1984). From 1968 to 1970 he worked as a staff of the Harvard Institute of International Development in a capacity of advisor to the Economic Planning Department of the Government of Colombia on macroeconomics, trade and financial sector policies. He received a Ph.D. in Economics from the University of Chicago. He is the author of numerous publications in Argentina, Brazil, Colombia, Chile, Germany, USA and working papers at the World Bank Working Papers Series. Mr. Musalem organized the first conference on Public Pension Fund Management which took place in September 2001and the first Contractual Savings Conference which took place in April 2002.
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Edward Odundo is the Chief Executive Officer of Retirement Benefits Authority (Kenya). Mr. Odundo has held various high level responsibilities such as The Commissioner of Value Added Tax, Kenya Revenue Authority and Founder and First Chairman of the Forum of VAT Administrators in Africa for Kenya, Uganda, Tanzania, Malawi, Rwanda, Ghana and Zambia, with its headquarters in Accra, Ghana; First Financial Controller Kenya Revenue Authority, General Manager, East Africa Reinsurance Company Limited and Finance Manager, Kenya Reinsurance Corporation. He is a founder of the Pan Africa Pensions’ Forum for Eritrea, Ghana, Kenya, Namibia, Senegal, Tanzania and Zambia. He is a well-accomplished Accountant who holds a B.S. degree in Finance and Accounting and an M.B.A. degree in Strategic Management and Marketing. Mr. Odundo is a Finalist Ph.D. degree student in Strategic Management at the University of Nairobi. He also holds membership in several professional bodies including; Fellow of the Institute of Certified Public Accountants (FCPAK), membership of the Institute of Certified Public Secretaries (CPS), Member of the Institute of Management (MKIM), former Deputy Chairman of the Certified Public Accountants of Kenya (ICPAK), former Board Member of the Registration of Accountants of Kenya (RAB).
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Mike Orszag is head of research for Watson Wyatt Partners, the global actuarial, benefits and human resources consultancy. His responsibilities at Watson Wyatt include developing and co-ordinating new research initiatives and developing links with academic and international organisations. His research has focused broadly on pensions and related social insurance issues, with special emphasis on European policy issues such as annuities, early retirement and pension funding. Mike also has interests in e-commerce and helped initiate one of the first postgraduate diploma courses in E-commerce which began at Birkbeck College, University of London in the Fall of 1999.
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Robert Palacios, is Senior Pension Economist at the World Bank. As a member of the team that produced "Averting the Old Age Crisis" in 1994, Mr. Palacios has written extensively on topics of pension reform. He has also been involved in pension reform operations in various countries around the world, having spent several years working with the Hungarian government on their path-breaking pension reform in 1997. Mr. Palacios is currently working in Korea and India and manages an applied research project known as the Pension Reform Primer.
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Krzysztof Pater has been involved in the reform of the Polish pension system as the advisor to the Minister of the State Treasury since 1995, being responsible for the creation of the concept of the funded pillars in the new pension system. In 1997–1998 he was the Deputy Executive Director of the Office of the Government Plenipotentiary for Social Security Reform. He created the detailed concept of the funded part of the new Polish pension system and managed the legislative process, aimed at the implementation of the new system. In 1998–1999 he worked as Vice President of Managing Board in PKO/Handlowy Universal Pension Society, managing one of the Polish mandatory pension funds. After that he worked as independent advisor for public, scientific and private institutions. In November 2001 he has been nominated as Under-secretary of State in the Polish Ministry of Labour and Social Policy. Since January 2003 he works as Under-secretary of State in the Ministry of Economy, Labour and Social Policy. He is responsible for all social insurance problems, including the old age ad disability pension system. He is also Vice Chairman of the Insurance and Pension Funds Supervisory Commission. In early 90s he worked on the strategy of the State involvement on the Polish capital market as the Advisor to the Minster of Privatisation. He has been also the member of the task group, preparing the concept of the OTC market in Poland, the Secretary of the Supervisory Board in the National Depository of Securities and the representative of the Minister of Privatisation and the Minister of the State Treasury, working in the Committee Co-ordinating the Development of the Warsaw Stock Exchange System. In 1994 he has earned the securities broker’s license, granted by the Securities Commission. He is an active member of the Polish Scouting and Guiding Association (ZHP). In 1997–2001 he was the Deputy Chairman of ZHP.
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Anne Simpson is Program Manager for the Global Corporate Governance Forum, founded by World Bank and OECD. She was recruited to the World Bank in 1999 as a Senior Specialist in the corporate governance in the Private Sector Advisory Services. Her experience in corporate governance reform includes work in Brazil, Croatia, India, Malaysia, the Philippines, Poland, Singapore, South Africa and Russia. Prior to joining the Bank, Ms. Simpson was a Managing Director of the investment advisory firm, Pensions & Investment Research Consultants Ltd, which specializes in corporate governance and corporate responsibility issues to institutional clients and where she continues to serve as a non-executive director. Mr. Simpson was a member of the Ad Hoc Taskforce which drafted the OECD Principles of Corporate Governance which have since been adopted as one of the 12 core standards of the International Financial Architecture. She served as a member of the Egon Zehnder Global Corporate Governance board and the Commonwealth Working Committee on corporate governance. She is a member of the Blue Ribbon Commission on Corporate Governance in Russia, and a member of the advisory panel for the Southern Africa Institute for Development. Her publications and co-publications include: “The Greening of Global Investment: how politics, ethics and the environment are reshaping strategy” (Economist Publications 1991), “Fair Shares: the future of shareholder power and responsibility” (Oxford University Press 1999), and “International Corporate Governance” (eds Lufkin & Gallagher 1990). She is on the editorial board of the academic journal “Corporate Governance: an International Review” (Blackwells).
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Yee Mun Yvonne Sin is a Senior Social Protection Specialist in The World Bank’s Human Development Network. She specializes in social insurance and employee benefit issues, conducts research on pensions and investments, and participates in policy development for social security reform as well as civil service reform. She provides technical assistance in the development and application of financial models on funding alternatives for pension systems for many countries around the world. Ms. Sin was a key member of a World Bank task force to reform its human resource policies and was instrumental in reforming the Bank’s own pension plan. Ms. Sin has extensive international experience as a consulting actuary. She founded and led the asset management practice at The Wyatt Company and served as Vice President of The Alexander Consulting Group prior to joining The World Bank in 1993. As an expert in pension consulting, she advised over 100 private and public organizations, including many Fortune 500 companies, government agencies and universities, on a broad range of actuarial, human resource and asset management projects. Ms. Sin graduated from the World Bank’s pensions fellowship program, and is also an Associate of the Society of Actuaries as well as a member of the American Academy of Actuaries and the International Actuarial Association.
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R. Thillainathan is the Director of finance of the Genting Berhad since 1989 to the present. He holds a B.A. in economics from the University of Malaysia, MSc and Ph.D. in economics from London School of Economics and is a fellow (FIBM) of the Institute of Bankers in Malaysia. After the Associate Professor position at the University of Malaysia (1977–79), Dr. Thillainathan has held such senior positions as General Manager and Chief Executive of Bank Buruh Berhard (1984–89), General Manager and Joint M.D. of Bank Pusat Kerjasama Berhard (1983–84), and General Manager in Treasury & Investment Services of Arab-Malaysian Merchant Bank (1981–83). Dr. Thillainathan has been actively evolved in such professional organizations as Malaysian Economic Association (President, Vice President, Honorary Secretary), Federation of ASEAN Economic Associations (Chairman, Council Member, Secretary), Malaysian International Chamber of Commerce and Industry, Federation of Malaysian Manufactures and National Chamber of Commerce & Industry. Dr. Thillainathan has held membership with the National Economic Panel, Anti-Recession Task Force Working Group (Ministry of Finance), Private Sector Consultative Panel (Ministry of Finance), Task Force on Capital Market Development (Ministry of Finance), Investment Panel of Employees Provident Fund, National Economic Consultative Council, Consultative Council on 1990 Education Act, Malaysian Accounting Standards Board, and Majlis Perundingan Ekonomi Negara Kedua (M.A.PEN II).
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