Mr Emmanuel Daniel, Chairman, The Asian Banker

Founder of The Asian Banker, the most respected provider of consulting and intelligence in the financial services industry in the Asia Pacific region and other emerging markets. Mr Daniel has led it to become a combination of leading industry research, publication and consulting house, with a strong reputation worldwide.

Mr Gordian Gaeta, International Resource Director, The Asian Banker

Gordian Gaeta has been a banking consultant for some 25 years. He has advised and served many of the leading financial services organisations across Asia and close to half of the top 100 banks worldwide. He specialises in developing and implementing analytical solutions for complex strategic issues in financial services-related industries undergoing significant change or being exposed to intricate risk issues.

Mr Ron Hose, Founder and CEO, Coins.ph

Hose is the co-founder and CEO of Coins.ph. Before this, he was a founding partner of the early stage venture capital fund Innovation Endeavors and co-founder of TokBox, a consumer video conferencing company backed by Sequoia Capital, Bain Capital, Stanford University and some of SiliconValley’s best-known angel investors. The company was later acquired by Telefonica.Hose is also an active investor and adviser to several Silicon Valley start-ups. 

Mr Lito Villanueva, Smart Communications

Lito is among the few subject matter experts, thought-leaders, and practitioners in inclusive digital finance. He has over 20 solid years of experience in the fields of banking, payments and telecommunications industries. He started the fintech business in the PLDT Group in 2013 with trailblazing digital financial innovations meriting more than 30 global and regional accolades, including being cited as one of Asia's 100 Fintech Leaders, the first and only Filipino included in such list. Prior to his current role as managing director of FINTQ, the financial technology arm of PLDT and Smart's Voyager Innovations, he started his career with the Economist Intelligence Unit (EIU). This was followed by his stint at the International Finance Corporation as consultant focusing on mobile money transfers in Mongolia. He was then invited by Visa to be the lead in customer strategy and market activation on global mobile payments covering 35 markets in Africa, Asia, Latin America, and Eastern Europe.

Mr Sam Ahmed, Managing Director, Deriv Asia

Ahmed is the Managing Director and partner at Deriv Asia, a technical consultancy firm which provides strategic advisory and change transformation to banks in the areas of new derivatives businesses, risk policy and methodology, collateral management, vendor selection and regulatory implementation for various projects around Basel 3.
Ahmed’s career spans 18 years at top tier international banks such as Lehman Brothers, Merrill Lynch and Citi across Sydney, Tokyo and Singapore where he held management roles in FX Derivatives trading, credit risk and middle office. His last role was at Citi Singapore as Head of Collateral Services Sales for APAC.

Dr Ron Leven, Professor (MBA) Columbia University

Ron's career started as a sovereign risk economist at the Federal Reserve Bank of New York. Over the next 20 years, Ron held senior strategy positions at Morgan Stanley, Lehman Brothers and JP Morgan, in New York, Tokyo and Singapore. He also worked at several hedge funds, managing $150 million in a foreign exchange and fixed income leveraged strategy. Leven is currently a professor with Columbia University teaching courses on investing in emerging markets at Columbia’s School of International Affairs. He has a Ph.D. in Economics from Rice University and a B.A. in Economics and Chinese from Washington University.

Mr David Gyori, CEO, Banking Reports

David Gyori is a globally renowned FinTech consultant, trainer, author and keynote speaker. He is CEO of Banking Reports Ltd London, providing top quality ‘FinTech Training for Bankers’ all over the world. In addition, Gyori holds a number of key international positions: He is founding member of the World FinTech Association as well as member of the panel of judges of the European FinTech Awards. He is co-author of ‘The FINTECH Book’, published by Wiley and Sons in 2016, quickly becoming a global category best-seller. Gyori is faculty member of the Retail Banking Academy (London), one of the most prestigious banker-training facilities globally. He serves on the advisory board of multiple FinTech companies in the United Kingdom.

Mr Tang Ning, Founder and CEO, CreditEase

Mr. Tang Ning was educated at the School of Mathematical Sciences at Peking University, and continued his education in the field of Economics in the U.S. In 2006, recognizing the contribution that the 60 million small and micro enterprises make to the Chinese economy, and inspired by the fledgling microfinance sectors in other developing economies, Ning established CreditEase. The philosophy behind the business was and remains today that everyone deserves access to credit, and that credit can generate value for all sectors of the community. This guiding philosophy has underpinned the growth of the business from a single product business in 2006, to today's diversified financial services business. Heartened by the response of clients to the initial product offering, and their high creditworthiness, Ning has expanded the business to cover new customer segments and geographies. CreditEase now provides products and services to farmers and agricultural borrowers, microfinance clients, consumers, micro-businesses and wealth management clients covering 244 cities（including Hong Kong）and 93 rural areas across China.

Barney Frank, Former congressman, co-author of Dodd-Frank Act

Congressman Barney Frank is the former chairman of the powerful House Financial Services Committee between the turbulent global financial crisis years of 2007–2011. As one of the sponsors of the Wall Street Reform and Consumer Protection Act, also known as the Dodd-Frank legislation, his efforts at closing the gaps in financial oversight such as creating a financial stability council, finding ways to liquidate systemically important firms, and strengthening the financial system against further shocks, were crucial for the recovery of the US financial services industry. Congressman Frank is also credited with many grassroot initiatives, including creating a low-income housing tax credit in the 1980s. He is widely respected by chairmen and CEOs of banks in the US, regulators, and fellow lawmakers.

Ms Cathy Lemieux, EVP, Supervision and Regulation, Federal Reserve Bank of Chicago

Cathy Lemieux is executive vice president in charge of Supervision and Regulation at the Federal Reserve Bank of Chicago. Cathy directs the supervision and regulation of more than nine hundred banking organizations including bank holding companies, state-chartered member banks, bank and savings and loan holding companies, financial holding companies, and U.S. foreign bank branches within the Seventh Federal Reserve District. Additionally, she chairs the System's Large Banking Organization (LBO) management group and serves as the chair of the Federal Reserve System Subcommittee implementing Basel II training.

Mr David Shrier, Founder and New Ventures, Massachusetts Institute of Technology (MIT)

David Shrier is a seasoned innovation catalyst and co-author of “Frontiers of Financial Technology” and “Trust: Data.” He is the managing director of MIT Connection Science and Engineering. He also leads the creation and launch of other new initiatives for the Massachusetts Institute of Technology, where he teaches courses and workshops on the “Future Commerce”, “Data Academy”, “Big Data and Social Analytics”, and “Future Health”. He recently advised the European Commission on commercialising innovation with a focus on digital technology. He is also the founder and chief executive officer (CEO) of Distilled Analytics, an advanced credit risk solutions provider derived from MIT research and has started and/or led a number of private equity and venture capital-backed companies as CEO, CFO or COO.

Mr Ron Suber, President, Prosper Marketplace

Suber has more than 20 years’ experience in sales, marketing and business development across the hedge fund, broker dealer, and registered investment advisor industries. As president of Prosper Marketplace, America's first peer-to-peer lending platform with more than two million members and over $4 billion in funded loans, Suber is responsible for the company’s business development, ensuring a balance between institutional as well as retail investors. Since its launch in 2006, Prosper Marketplace has evolved into a personal finance company that offers products and services beyond personal loans to help people get on top of their finances.

Mr Soul Htite, Co-Founder of Lending Club, Founder and CEO, Dianrong.com

Htite co-founded Lending Club, the world's largest benchmarking peer-to-peer (P2P) company, received the prestigious Technology Pioneer Award at the 2011 World Economic Forum. He was also Lending Club’s head of technology until 2011. In 2012, Htite came to China and established Dianrong.com that focuses on the online marketplace and banking solution services on the basis of advanced technology. Dianrong.com is now China’s leading internet finance company.

Mr Geoffrey Heenan, IMF Representative SE Asia

Heenan is the Singapore Resident Representative for the International Monetary Fund (IMF), covering Singapore and Malaysia, as well as regional financial sector developments. He has an extensive experience with Asian economic issues, having worked in the Asia Pacific Department of the IMF for over eight years. He also spent several years in the IMF's Monetary and Capital Markets Department, dealing with monetary policy formulation and implementation, market development, and financial stability issues. Previously, Heenan was an economist with the Economic Analysis Department of the Reserve Bank of Australia, working on a range of macroeconomic and financial sector issues.

Mr Michael Syn, Executive Vice President, Head of Derivatives, Singapore Exchange

Mr Frankie Phua, MD & Head of Credit and Country Risk, UOB

Phua oversees all risk management matters for UOB Group including credit risk, market risk, balance sheet risk, operational risk management, integrated fraud management and product control,and governance and risk analytics. He areas of expertise include credit policy, credit research, counterparty credit risk management, credit risk modeling, economic capital, credit portfolio management, country risk management, and stress testing. He also served as the Basel II Project Coordinator for UOB, overseeing UOB Group's Basel II Programme Management Office, successfully managing the Group's Basel II Internal Rating-Based implementation efforts. Outside the Bank, Phua is an active member of the risk management community. He currently serves as the chairman and director of the board of the Singapore Chapter of the Risk Management Association (RMA) in the United States.

Valerian Crasto, MD, Markets and Treasury, DBS

As the chief operating officer (COO) of Treasury & Markets, DBS, Valerian is responsible for establishing the systems of governance and controls for the end-to-end process (front-to-back) across all locations. He is also responsible for the T&M’s business planning and strategy (including business responses to regulatory reform), product and customer support, and operational risk management. Prior to joining DBS, Valerian worked with the Bank of America from 2001 to 2005 in the United States. From 1994 to 2000 and from 2005 to 2007, he worked in Toronto, Canada with CIBC, Bank of Montreal and Ontario Pension Board. Valerian has also been the chairman of the Asia Pacific Regional Committee for International Capital Markets Association (ICMA) since January 2015.

Dr. Frederick Shen, Head of Business Management, OCBC

Shen is head of business management for global treasury at the OCBC Group, primarily responsible for strengthening the group’s infrastructure, processes, monitoring, and analytics group to tackle the increasing regulatory and risk requirements. He re-joined OCBC from Emirates NBD, Dubai. Prior to his Middle East assignment, Shen worked with OCBC Bank Market Risk for four years. He started his career as a Professor of finance at the University of Waterloo before joining the financial industry, overseeing the financial engineering trading group of RBC Capital Markets. His past stints include extensive assignments in various financial institutions and areas, including structured credit and real-asset securitisations, bank-wide economic capital and risk modelling, and life insurance and asset management

Mr Valerian Crasto, COO & Managing Director of Treasury & Markets, DBS

As the chief operating officer (COO) of Treasury & Markets, DBS, Valerian is responsible for establishing the systems of governance and controls for the end-to-end process (front-to-back) across all locations. He is also responsible for the T&M’s business planning and strategy (including business responses to regulatory reform), product and customer support, and operational risk management. Prior to joining DBS, Valerian worked with the Bank of America from 2001 to 2005 in the United States. From 1994 to 2000 and from 2005 to 2007, he worked in Toronto, Canada with CIBC, Bank of Montreal and Ontario Pension Board. Valerian has also been the chairman of the Asia Pacific Regional Committee for International Capital Markets Association (ICMA) since January 2015.

Mr Pierre Gaudin, Senior Director, Enterprise Risk Solutions, Moody’s Analytics

Pierre is in charge of strategic initiatives in Asia-Pacific for Risk Appetite Management, Stress Testing and Origination at Moody’s Analytics, assisting with subject matter expertise, clients requirement analysis, and use case illustrations. He joined Moody’s Analytics via Fermat in 2004, and he has lead several Basel RWA implementations in Europe and Asia. He also developed Fermat Education services, designing and delivering regulatory compliance and ALM training to clients and system integrators worldwide. Pierre has 16 years of experience delivering software implementation services for capital markets and risk management solutions at major commercial banks in Paris, Bruxelles, London, Hong Kong, and Singapore. Pierre has a Master’s Degree in Systems and Networks Engineering from Supélec, France.

Mr Yash Misra, Director, Market Risk, DBS

Misra is head of issuer and counterparty risk at DBS Bank in Singapore. He has 16 years of experience in the global markets, based primarily in New York and Asia, working either as a trader (FX and rates derivatives) or as a risk person (including global markets, prime brokerage, private/consumer banking and alternative investments). Currently, his focus includes creating synergies across internal and external counterparty risk measures that include CCPs , margin, and relevant BCBS Regulatory Reform .

Mr Graeme Smith, Managing Director, Asia Head of FM Risk, ING Bank

Smith started as Market Risk and Product Control in London. He spent three years in Moscow, Russia managing the Treasury function for ING's Russian subsidiary, ING Bank Eurasia, before managing the treasury function for Singapore and Hong Kong in 2012. In 2016, he served as head of ING Bank's management of market, counterparty and liquidity risk in Asia.

Mr Yves Tomballe, Head of Liquidity Risk, Bank of Tokyo, Singapore

With more than ten years of experience in interest rates derivatives trading and riskmanagement, Tomballle is responsible for managing the market and funding liquidity risk of Bank of Tokyo-Mitsubishi (BTMU), as well as for overseeing the implementation of local regulatory requirements in the region. Prior to joining BTMU, Tomballe worked asan interest rates options trader at Standard Chartered Bank in London, Dubai and New York covering interest rates derivatives in G10, Latam, EMEA and SEA markets.

Mr Sam Ahmed, Managing Director, Deriv Asia

Ahmed is the Managing Director and partner at Deriv Asia, a technical consultancy firm which provides strategic advisory and change transformation to banks in the areas of new derivatives businesses, risk policy and methodology, collateral management, vendor selection and regulatory implementation for various projects around Basel 3.
Ahmed’s career spans 18 years at top tier international banks such as Lehman Brothers, Merrill Lynch and Citi across Sydney, Tokyo and Singapore where he held management roles in FX Derivatives trading, credit risk and middle office. His last role was at Citi Singapore as Head of Collateral Services Sales for APAC.

Mr Mark Mackenzie, APAC MD, Lenddo

Originally from Scotland, and having worked across Asia for the last 18 years Mark now manages Lenddo across East Asia and the Pacific region. Mark began his career in Construction Engineering but finding the Scottish climate not suited to prolonged periods of construction work, he returned to University to take an MBA. After a brief interlude in Academia where he worked in pioneering research in e-learning at Edinburgh University, he packed for Manila to take a consulting job and has never looked back! Mark considers working at Lenddo 'the best job in the world’.

Mr Jinesh Patel, partner, Dymon Asia Ventures

Jinesh Patel is a partner at Dymon Asia Ventures, an early stage Fintech-focussed fund targeting opportunities in the ASEAN region. In his capacity as Partner, Jinesh oversees all fund investments and leverages off the broader Dymon Asia platform. Prior to Dymon Asia Capital, Jinesh managed capital in the alternatives space. The early part of his career was spent on the TMT sector within the investment banking divisions of Goldman Sachs and UBS. Jinesh graduated with a BA Honours from the University of Exeter.

Mr Ganesh Iyer, Senior Vice President, HSBC

Ganesh Iyer moved to Singapore in February 2013 as SVP – Market and Product Development for HSBC Securities Services (HSS). In his current role, Ganesh oversees all strategic, product and industry initiatives impacting the HSS business and its clients in Singapore. More recently, Ganesh also drives all Digital and Fintech initiatives impacting the securities services business in Asia in collaboration with colleagues global product management colleagues based in London and Hong Kong.

Mr Nick Walton, Head of ASEAN, Amazon Web Services

Nick Walton is the Head of ASEAN for Amazon Web Services (AWS). Prior to this position Nick held multiple roles across a career of close to 5 years with AWS. In that time he has been involved in some of the largest cloud transformations for enterprise companies including Qantas, Commonwealth Bank of Australia, and Suncorp helping them realise agility, drive innovation and reduce cost with the AWS Cloud. Nick has built experience working on customer cloud initiatives ranging from enterprise transformation, to big data & real-time analytics projects, as well as new applications and innovation efforts.

Mr Marcelo Casil, Co-Founder and CEO, DXMarkets

Founder and CEO of DXMarkets, a start-up company building blockchain-based products for the financial services industry in areas covering capital markets, investment, payments and digital identity. Having previously worked at a number of large global banks, Marcelo has wide-ranging experience in designing and building large-scale enterprise-grade systems with a focus on investment banking and financial solutions.

Mr Jefferson Chen, CEO, Advanced A.I

Jefferson is the CEO of ADVANCE.AI, a Fintech & Artificial Intelligence company focused on Asia working on credit modelling and using big data to create credit profiles for financial institutions. He is also a Partner at GSR Ventures, a leading venture capital firm in China . Prior to starting ADVANCE.AI, Jefferson was head of private investing for Greater China at Farallon Capital (a leading alternative asset manager with AUM of over US$20 billion) where he led investments into Huarong AMC, Cinda AMC, Didi, ND Micro Credit and others.

Mr Ron Leven, Professor (MBA) Columbia University

Ron's career started as a sovereign risk economist at the Federal Reserve Bank of New York. Over the next 20 years, Ron held senior strategy positions at Morgan Stanley, Lehman Brothers and JP Morgan, in New York, Tokyo and Singapore. He also worked at several hedge funds, managing $150 million in a foreign exchange and fixed income leveraged strategy. Leven is currently a professor with Columbia University teaching courses on investing in emerging markets at Columbia’s School of International Affairs. He has a Ph.D. in Economics from Rice University and a B.A. in Economics and Chinese from Washington University.

Mr Conor Cunningham, CEO & Founder, ACUO

Conor is CEO & Founder of ACUO, a cloud based collaborative collateral management and optimization solution for financial institutions. Conor has worked in the derivatives industry for the past 20 years, most recently as Managing Director and head of the Futures, Clearing & Collateral business for Citibank in Asia Pacific. He was the Chairman of the FIA (Futures Industry Association) Asia in 2014/2015. Prior to joining Citi in 2011, Conor worked with JP Morgan in London for a decade where he was responsible for Listed Fixed Income derivatives (EMEA).

Mr John Krasnov, Managing Director, Forum Capital

John Krasnov is the Managing Director of Singapore-based Forum Capital where he oversees a portfolio of venture investments in Asian consumer finance space. Prior to founding Forum Capital, Mr.Krasnov had over 10 years of international private equity experience gained at Bank of America (London, Warsaw) and Innova Capital (Warsaw), where he focused on growth and buyout transactions across Developed and Emerging Europe. Mr.Krasnov also has a highly successful Emerging Markets operational track record as Founder and CEO of Platinum Bank, Ukraine. Over a period of 8 years, Mr.Krasnov developed Platinum Bank from start-up stage to a leader in consumer finance in its market with ca. 4,000 employees, and achieved a 3x+ capital gain for the bank's international private equity backers.

Mr Rohit Verma, Director,Global Markets, Futures and OTC Clearing, Citi

Rohit Verma is Citi's APAC Head of In-Business Risk. In this role, he is responsible for driving the risk agenda for clearing business. In addition, he also leads the Capital optimization agenda for Citi's business in the region. He also represents Citi at a couple of Exchange Risk Committees/ work-groups. Rohit joined Citi from Deutsche Bank where he was APAC Head of Risk Management for the Asset management business. As part of this function he set-up the independent risk management platform for the buy-side business and chaired the regional Risk committee. Prior to Deutsche, Rohit was at a number of leading international banks such as Credit Suisse and Landesbank.

Mr Pierre Gaudin, Senior Director, Enterprise Risk Solutions, Moody’s Analytics

Pierre is in charge of strategic initiatives in Asia-Pacific for Risk Appetite Management, Stress Testing and Origination at Moody’s Analytics, assisting with subject matter expertise, clients requirement analysis, and use case illustrations. He joined Moody’s Analytics via Fermat in 2004, and he has lead several Basel RWA implementations in Europe and Asia. He also developed Fermat Education services, designing and delivering regulatory compliance and ALM training to clients and system integrators worldwide. Pierre has 16 years of experience delivering software implementation services for capital markets and risk management solutions at major commercial banks in Paris, Bruxelles, London, Hong Kong, and Singapore. Pierre has a Master’s Degree in Systems and Networks Engineering from Supélec, France.

Mr Mike Kayamori, Co-Founder, CEO, QUOINE

Mike Kayamori is the co-founder and CEO of Tokyo-based Quoine, which was established in 2014 and today is among the largest blockchain/cryptocurrency companies worldwide. Prior to QUOINE, Mike was a Senior Vice President at SoftBank Group, managing its Asia / India operations, investments, and joint ventures with SingTel and Bharti Group as well as the Chief Investment Officer of Gungho Asia, the creator of Puzzle and Dragons. Before joining SoftBank, Mike was a Senior Director at Globespan Capital Partners, an independent Venture Capital with over USD1.2B under management, with responsibilities in Japan Investment as well as Asia business development. Mike graduated from The University of Tokyo and Harvard Business School.

Mr John Bailon, Co-Founder and CEO, Satoshi Citadel Industries

Satoshi Citadel Industries is a Financial Technology startup company building Blockchain services and products for the purpose of financial inclusion in the Philippines. John leads the Satoshi Citadel team as CEO, guiding the vision of the company and development of its products in bitcoin. John is convinced that money transfers is an enormous opportunity in the Philippines, with at least US$30 billion entering the country in 2014 alone, and another US$40 billion in internal remittances. In this field of money transfers, John is working with Bitcoin as the breakthrough technology that will revolutionize this industry.

Mr Chiou Hao Chan, Managing Director, Mambu

Chiou Hao Chan is Managing Director of the Asia Pacific region for Mambu. Chiou Hao is a strategically minded leader with nearly two decades of sales, business development and operational experience in the Asia Pacific region. In his role he helps clients to integrate, launch, test and maintain innovative lending and banking products. Before joining Mambu Chiou Hao worked extensively in enterprise software and cloud solutions for companies like Salesforce.com, QlikTech, SumTotal Systems and Justlogin. He also founded two venture capital backed internet companies taking them from inception to acquisition.

Mr Thomas McMahon, CEO, PACE

Thomas McMahon has over 30 years of experience in International Exchange based Commodity and Derivative product creation, clearing, trading, and regulatory licensing. Over the past decade, Thom has worked broadly across Asia to bring to market major International Exchange formation and licensing projects in Singapore, Japan, Korea, Hong Kong, Indonesia, Malaysia, Thailand, Australia, Dubai, India, and along with the licensing and launch of the Singapore Mercantile Exchange in August, 2010, where he served as Chief Executive Officer and Managing Director from April 2009 until June 2011. Prior to his role at the Singapore Mercantile Exchange, Thom was President and Managing Director, Deputy Chairman of the Hong Kong Mercantile Exchange from April 2007 until April 2009, overseeing the development and implementation of the Hong Kong Mercantile Exchange from the ground up.

Mr Hizam Ismail, Co-Founder and CEO of Onelyst

Hizam is the co-founder and CEO of Onelyst, a financial technology company that provides affordable and alternative credit access to the lower-middle income segment. A segment that is currently excluded from bank’s credit facilities. Its lending platform helps lower-middle income communities in South East Asia access personal loans and installments plans digitally, leveraging on new technologies to underwrite its customers.

Mr David Gurle, Founder & CEO of Symphony

Author, inventor and leader, David's ideas have influenced the major trends in enterprise communications over the last 15 years. He defined Microsoft's unified communications strategy (Skype for Business) and as head of collaboration services at Thomson Reuters introduced federated communications to the financial services industry. Before founding Perzo/Symphony, he was VP and GM of Skype's Enterprise Business.

Mr Sian Goh, Managing Director, Head of Research & Strategy, Dymon Asia Capital

Sian is Head of Research & Strategy at Dymon Asia Macro. Since joining Dymon, Sian has been both a Strategist for the Macro Fund and a portfolio manager focused on Macro Equity Long/Short. Prior to Dymon Asia, Sian was an Associate Director at Abax Global Capital focused Asian Long/Short Equity and Special Situations Investments. He has worked in London, New York and Hong Kong as an Investment Banker and Lawyer with Merrill Lynch, UBS and Goldman Sachs and Allen & Overy focused on Global Mergers & Acquisitions. Sian graduated with First Class Honors LL.M from Cambridge University and Second Class (First Division) Honors LL.B. from Bristol University.

Mr R Vivekanand, Vice President and Co-Head, TCS Financial Solutions

Vivek is responsible for the realization of strategic initiatives encompassing Cloud, Digital and Blockchain technologies. Vivek is also responsible for business development and market penetration of the TCS BaNCS suite of products, including Sales and Marketing functions. He is the executive owner for key relationships in the Capital Markets line of business. In the course of his 24-year career with TCS, starting with the Smithsonian award-winning project for the SIX Group, Switzerland, Vivek has played a key role in mission critical implementations in over 25 countries globally. In his previous role, he was responsible for product development and delivery of the Capital Markets solutions under the TCS BaNCS brand. He also led the conceptualization and growth of the TCS BaNCS for Market Infrastructure solution, with showcase implementations such as LCH, Euroclear and Strate (South Africa). His experience includes leadership of TCS BaNCS implementations that have been catalytic in driving market reform in high growth markets such as Russia, Brazil, India, Hungary, New Zealand, Kuwait, UAE, Qatar, Nigeria, Morocco, Bangladesh and the Philippines.