Summit Session 5- Capital In, Capital Out and the New World Order
How does use its one trillion in funds under management, and its large diaspora of talented financial services professionals, to enhance the country’s role as an important centre in global financial markets.
John A. Fraser was appointed Chairman and CEO of UBS Global Asset Management in 2001. Global Asset Management is one of the three Business Groups in UBS – and John is one of nine members of the UBS Group Executive Board (GEB) responsible for the overall leadership of the UBS.
UBS Global Asset Management has around AUD 900 billion in assets under management. It operates in 47 offices spread over 22 countries offering a full range of traditional, alternative, real estate and infrastructure investments. Within the GEB, John is also responsible for the co-ordination of UBS in the Middle East. John Fraser formerly served as Deputy Secretary (Economic) at the Australian Treasury, as Minister (Economic) at the Australian Embassy in Washington DC and at the International Monetary Fund. He is a former Board member of the Australian Stock Exchange. He has been a resident in London for five years.
Phil is Managing Director of Babcock & Brown and joined the Babcock & Brown Group in 1984. Prior to joining Babcock & Brown, Phil worked as a senior manager with Arthur Andersen where he specialised in taxation. Phil is also Chairman of Babcock & Brown Infrastructure Limited, Babcock & Brown Environmental Investments Limited and the responsible entity of MTM Entertainment Trust and is a Director of Babcock & Brown Japan Property Management Limited, a responsible entity for Babcock & Brown Japan Property Trust, Babcock & Brown Capital Limited, Everest Babcock & Brown Limited and Thakral Holdings Limited. He is also a Trustee of the SCG Trust.
Phillip holds Bachelor of Commerce and Bachelor of Law degrees from the University of New South Wales. He qualified as a Chartered Accountant in 1981 and was admitted as a solicitor in NSW in 1978. He is based in the Sydney office.
Prior to establishing CQS, Michael was Managing Director in the Leveraged Funds Group at CSFB where he developed the strategy and management team for the CSFB Convertible & Quantitative Strategies Fund; which later became CQS Convertible & Quantitative Strategies Fund. Before this Michael was Managing Director and Head of Convertibles and Equity Derivatives at CSFB, responsible for global convertible bond and equity derivative research, proprietary trading and sales.
Before joining CSFB in 1996, Michael worked at Goldman Sachs for 12 years in a variety of roles including; Managing Director and Head of UK Trading and Head of European Emerging Markets Trading. Prior to these roles, from 1984 to 1992, he established and built up Goldman’s Euro Convertible and European Warrants business in London. During this period he was also a Consultant for Goldman Sachs on the Markets Development Committee of the London Stock Exchange to report on new market structure (SETS) and was both Vice Chairman and Chairman of the Euro Convertible and European Warrants Committee of ISMA. In addition to these roles, Michael also represented Goldman Sachs on a number of other finance industry committees including several LSE committees and working parties and a number of SIB and OFT Reviews. Before joining Goldman Sachs in 1984, Michael worked for Salomon Brothers, in New York, as a Fixed Income Trader trading Yankee Bonds after having completed the firm’s Graduate Training Program in 1982.
Before working in Finance, Michael worked briefly as an Electrical Design Engineer for Civil and Civic Pty Ltd in Australia and also served for three years in the Australian Army as a Captain in the Royal Australian Electrical Marine Engineers. Michael is a fluent Russian speaker. He holds a BSc in Physics and Pure Mathematics and a BEng in Electrical Engineering both from the University of Sydney. He also holds an MSc in Acoustics from the University of New South Wales and an MBA from Harvard Business School.
David Murray has 39 years experience in banking. He retired from the Commonwealth Bank in 2005 having served 13 years as Chief Executive, he joined the Commonwealth Bank in 1966. In November 2005 the Australian Government announced that Mr Murray would be Chairman of the Future Fund. The Fund''s objective is to invest budget surpluses to meet the long term pension liabilities of government employees. Mr Murray holds a Bachelor of Business from the NSW Institute of Technology and a Master of Business Administration, commenced at Macquarie University and completed at the International Management Institute, Geneva. He holds an honorary Phd from Macquarie University and is a Fellow of the University of Technology.
As part of his interest in education Mr Murray chairs the Business Industry Higher Education Collaboration Council, is a benefactor of Schools and a member of Tara Anglican School for Girls Foundation in Sydney and a life member of the Financial Markets Foundation for Children. He is Chairman of the Global Foundation and is a non-executive director on the Board of Tenix Pty Ltd.
Robert Joss has been a long-time student and practitioner of general management and organizational leadership. His interests and work lead him to explore such issues as (a) what makes managers and leaders effective, (b) how can people be developed to be good managers and leaders, and (c) what causes people to succeed or fail in these important roles.
A leader in global banking, a former U.S. Treasury Department official, and a Stanford Graduate School of Business PhD, Robert Joss became the eighth dean of the Business School in 1999. He is the School’s first dean from industry in 17 years. Joss has observed that ideas, capital, and technology move freely across borders around the world, but that there is a significant lack of management skill. As dean he draws on both his academic and business experience to address this issue through education. He has a strong belief in experiential learning, leadership development, and academic research that constantly tests the boundaries of what we know about organizational behavior, finance, and other subjects essential to good management.
Prior to joining the Business School as Dean, Joss was chief executive officer and managing director of Westpac Banking Corporation, one of Australia’s largest banks, a post he held for six years. At Westpac, he was credited with refocusing the bank strategically, modernizing and streamlining operations, and restructuring the bank’s culture to emphasize teamwork, customer focus, open communication, and community support. Bank shareholders also benefited substantially during and after his tenure.
Before going to Australia, Joss held a variety of posts at San Francisco-based Wells Fargo Bank between 1971 and 1993, serving his last seven years as vice chairman. Prior to Wells Fargo, Joss worked in Washington, D.C., first as a White House Fellow and then for the Treasury Department as deputy to the assistant secretary for economic policy. He is a director of Wells Fargo & Co., Agilent Technologies Inc., two Australian listed property trusts, and Makena Capital.
Joss was a Sloan Fellow (in what is now called the Stanford Sloan Master’s Program) at Stanford Business School in 1965-66; he earned an MBA at the School in 1967 and a PhD in 1970. Besides his graduate degrees from Stanford, Joss holds a BA in economics, magna cum laude, from the University of Washington.