Summit Session 1 - Welcome
Ken Allen is currently a Senior Advisor to UBS Investment Bank, Lexington Partners and is the Chairman Emeritus of Advance, the world’s leading network of Australian professionals and entrepreneurs abroad. Prior to returning to Sydney in April 2006 Ken was the Australian Consul General in New York. In that capacity Ken was responsible for representing Australia's interests in the north-eastern United States, and for deepening and extending the investment, commercial, cultural and sporting links between the two countries. Ken’s major focus was the encouragement and facilitation of US direct investment in Australia, and the positioning of Australia as a global financial centre. Ken played an active role in the signing of the Australia / US Free Trade Agreement which came into effect in January 2005 and is still a key promoter of the benefits to Australia of linking with the Australian expatriate community of over 150,000 living and working in the United States, and the 1,000,0000 living around the world. Graduating from the University of Adelaide in 1961 with an Honours Degree in Economics, Ken joined Unilever and worked in Sydney and London in various marketing roles, leaving to join Slater Walker Australia in 1969.
Ken started his banking career in 1974 with the World Bank in Washington DC and was involved with numerous industrial projects in Europe, Asia and South America. Joining Merrill Lynch in New York in 1979 Ken was responsible for the establishment of their investment banking presence in Australia. In 1987 he joined Lehman Brothers to oversee a similar strategic move for that company. In 1991, Ken joined County NatWest and more recently, he was a Senior Director with Macquarie Bank. During his banking career, Ken was specifically associated with a number of prominent transactions that occurred in the Australian and international financial markets.
Ken has served on the Boards of the NSW Treasury Corporation, the State Bank of New South Wales, the Film Finance Corporation of Australia, Omnicom, Australia Post and was a Trustee of the China Institute, in New York. Ken was a Pilot Officer in the RAAF, University of Adelaide Squadron, and belongs to the Australian Golf Club, the Australian Club, Cabbage Tree Club and the Leura Golf Club. Ken and his wife, Jill, have three sons, Craig, Nicholas and Simon, and seven grandchildren. Ken’s favourite pastimes include golf, tennis and fly fishing.
Peter Costello was first elected a Member of the House of Representatives for the seat of Higgins in 1990. He was elected Deputy Leader of the Liberal Party of Australia in May 1994. He has been the Treasurer of the Commonwealth of Australia since March 1996. Peter Costello has brought down eleven consecutive Federal Budgets, including nine surpluses, and has now completely eliminated Commonwealth net debt which stood at $96 billion in 1996. This means the Government is saving $8 billion a year in interest payments. Peter Costello introduced the largest tax reform in Australian history, under the policy, endorsed at the 1998 election, A New Tax System. During his period as Treasurer, financial supervision has been redesigned arising out of the Financial System Inquiry. Australia''s corporations law has been modernized under the Corporate Law Economic Reform Program. Australia has become a member of the international group of 20 countries (G-20) considered systemically important to the international financial system.
Peter Costello has been a member of the IMF Executive, a Governor of the World Bank and Chairman of the Council of the Organisation for Economic Co-operation and Development (OECD). As Chairman of the G-20 for 2006, Peter Costello hosted the annual meeting of Finance Ministers and Central Bank Governors in Melbourne in November. He will be the Chairman of the APEC Finance Ministers’ meeting in 2007. Peter is married to Tanya and they have three children. Peter holds degrees from Monash University where he was, for a time, a part-time teacher in law and economics/politics, as well as a member of the University Council. Prior to entering Parliament, he was a barrister. He was counsel in some of Australia’s best-known industrial disputes and was a regular advocate in National Wage cases. Peter Costello describes his favourite activity as cooking in his garden at home (badly) and following his beloved football team (passionately).
Brad Orgill is Chairman & CEO of UBS Investment Bank, Australia & New Zealand and Country Head for all UBS activities in Australia. Globally, he is also a Member of the UBS Group Managing Board and a Member of the UBS Investment Bank Management Committee. On the latter he represents Asia Pacific issues on the Global Risk Committee and the IB businesses in China, India and in Infrastructure Funds Management.
He completed a Bachelor of Economics, Monash University, Australia (1981), a Graduate Diploma in Applied Finance & Investment, FinSIA Australia (1985), and is currently completing a Master of Arts (Asian Studies) at the University of Sydney. Brad joined UBS in 1986 initially in Equity Research. He was rated Australia’s top analyst in 1992 and was made Co Head of Equities in 1993. In 1994 he moved to Hong Kong to be Head of Asian Equities Research. From 1998 – 2005 Brad was head of the Asia and then Asia Pacific Equities business (Japan, Asia, Australasia) and concurrently was UBS Chief Executive and Country Head for Hong Kong and China (1999 – 2003) and UBS Country Head and Branch Manager for Singapore (2003 – 05). In May 2005 after ten years in Asia, Brad and his family returned to Australia. Prior to joining UBS, Brad worked with the Tax division of Arthur Andersen, with Digital Equipment Corporation and the with Accenture.
His memberships & external directorships include the Young Presidents Organisation (Since 2000 in Hong Kong, Singapore & Sydney Chapters), Business Council of Australia, Australian Financial Markets Association (AFMA), AGSM Advisory Council, Australian Business in the Community (ABCN), Asia Society President’s Circle and the Orgill Family Foundation.