Pavilion 3, Amphitheatre
ECONOMISTS’ WORKSHOP: IDENTIFYING THE KNOWN UNKNOWNS
With roundtable discussions led by some of the top economic minds from across the globe, this interactive workshop will discuss, debate and seek to identify the key risks and opportunities for the global economy and, in particular, the emerging markets, for the coming year and beyond.
In cooperation with Deutsche Bank
Sergei Guriev, Rector, New Economic School
Alexei Kudrin, Dean, Faculty of Liberal Arts and Sciences, St. Petersburg State University
Brian Leach, Chief Risk Officer, Citigroup Inc.
Yaroslav Lisovolik, Member of the Management Board of Deutsche Bank Russia, Chief Economist, Head of Company Research in Russia
Vladimir Mau, President, Russian Presidential Academy of National Economy and Public Administration
Roland Nash, Senior Partner, Chief Investment Strategist, Verno Capital
Takashi Nishioka, President of Japan Association for Trade with Russia and the Newly Independent States (ROTOBO)
Elena Salgado, Vice President and Minister of Economy and Finance of Spain
Aleh Tsyvinski, Professor of Economics, Yale University
Oleg Viyugin, Chairman of the Board of Directors, MDM Bank
Rector, New Economic School
Sergei Guriev graduated summa cum laude from the Moscow Institute of Physics and Technology in 1993. In 1997 - 1998, he held a postdoctoral position at MIT; in 2003 - 2004, taught at Princeton University. He has published in the leading international journals, incl. American Economic Review, American Political Science Review, and Journal of European Economic Association. In 2006, Dr. Guriev was selected a Young Global Leader by the World Economic Forum, in 2011 he joined WEF’s Global Agenda Council on Europe. In 2009 and 2010, he was included in the top 100 of the President of Russia’s Cadre Reserve. He is a board member of Sberbank, Russia Venture Company, Alfa Strakhovanie, Russian Home Mortgage Lending Agency, and the Dynasty Foundation. He is a member of the President of Russia’s Council on Science, Technology and Education, of the Advisory Council of the Peterson Institute for International Economics (Washington, DC) and of the Scientific Council of BRUEGEL, a Brussels-based economic policy think tank. The New Economic School is a graduate school of economics established in 1992. In the Social Science Research Network ranking, NES is ranked #70 economics department in the world and #1 in non-OECD countries.
Chairman of the Board of Directors, MDM Bank
Chairman of the Board of Directors of MDM Bank, member of the Board of Directors' Audit Committee, Chair of the Board of Directors' Nominations and Remuneration Committee. In August 2009 he was elected Chairman of the Board of Directors of MDM Bank, which was formed following the merger of MDM-Bank and URSA Bank. He had been Chair of the Board of Directors of MDM-Bank since May 2007. From March 2004 to May 2007 he was head of the Federal Financial Markets Service. From 1999 to 2002 he worked for Troika Dialog Investment Company as Executive Vice President. At other times he has also been Russian First Deputy Finance Minister, First Deputy Chair of the Central Bank of Russia, and an external advisor to the Prime Minister of the Russian Federation. He graduated from the Faculty of Mechanics and Mathematics at Moscow State University in 1974, and in 1977 he completed his postgraduate studies at the same university. He holds a Ph.D. in physics and mathematics. He is a member of the Board of Directors of TRANSNEFT and Chair of the Board of Directors of NAUFOR.
Dean, Faculty of Liberal Arts and Sciences, St. Petersburg State University
Born on 12 October 1960 in Dobele, Latvian Soviet Socialist Republic. Higher education. Doctor of Economic Sciences. Professor. Graduated from the Economics Department of Leningrad State University. From 1990 to 1996, he held management positions in the executive committee of the Leningrad City Council and the office of the Mayor of St. Petersburg. In 1996, he was appointed Deputy Chief of the Russian Presidential Administration and Chief of Presidential Control Directorate. In 1997, he was appointed First Deputy Minister of Finance of the Russian Federation. Since January 1999, he has been First Deputy Chairman of the Board at RAO “UES” of Russia. In June 1999, he became First Deputy Minister of Finance. In May 2000, he was appointed Deputy Prime Minister of the Russian Federation and Minister of Finance. Mr. Kudrin left his post in September 2011. He is the author of more than 30 scientific works in the field of economics and finance. He was awarded the Order For Merit to the Fatherland III Class. Alexei Kudrin was named “Finance Minister of the Year” by The Banker magazine in 2005 and by Euromoney magazine in 2010. He is Dean of the Faculty of Liberal Arts and Sciences at St Petersburg State University.
Member of the Management Board of Deutsche Bank Russia, Chief Economist, Head of Company Research in Russia
Yaroslav Lisovolik joined Deutsche Bank in 2004 as Chief Economist; thereafter he became DB’s Head of Company Research in Russia in 2009 and became a member of the Management Board of Deutsche Bank in Russia in 2011. Prior to joining Deutsche Bank he worked in the International Monetary Fund, where he was Advisor to the Executive Director for the Russian Federation from 2001 to 2004 in Washington. Yaroslav Lisovolik earned a B.A. in Economics from Harvard University; an M.A. in International Economic Relations from Moscow State Institute of International Relations; an M.Sc. in Economics from the London School of Economics, holds a Ph.D. in Economics and is a professor at the department of World Economy at the Diplomatic Academy. Yaroslav Lisovolik is a member of the Advisory Council of the Central Bank of Russia, a member of the Council on foreign and defense policy and a member of the Bretton Woods Committee. He has published books on Russia’s entry to the WTO and on Russia’s integration into the world economy, as well as numerous articles and papers on economic and policy issues.
Chief Risk Officer, Citigroup Inc.
Brian Leach assumed the role of Chief Risk Officer in March 2008. Prior to becoming Citi's Chief Risk Officer, Brian was the co-COO of Old Lane. Brian co-founded Old Lane LP in 2005. Earlier, he had worked at Morgan Stanley, finishing as Risk Manager of the Institutional Securities Business. As Risk Manager, he oversaw capital allocation, and all aspects of credit, market, and operational risk management. He was a member of Morgan Stanley's Institutional Securities Division Management Group, Co-Chairman of the Capital Commitment Committee, and Chairman of the Board of Trustees of the Morgan Stanley Foundation. From October 1998 to December 1999, Brian was seconded to Long-Term Capital Management, the Greenwich, Connecticut-based hedge fund. He was one of 6 managers selected from a consortium of 14 global financial institutions to manage the liquidation of LTCM. Upon his return, he was given the responsibility as the Chief Operating Officer for the Fixed Income Division, where he had broad oversight responsibilities for the division's risk, operations, and legal issues. Brian has a BA in economics from Brown University and an MBA from Harvard Business School.
President, Russian Presidential Academy of National Economy and Public Administration
Mr. Mau has been the President of the Russian Presidential Academy of National Economy and Public Administration since 2002. He holds a PhD in Economic Sciences, a Professorship, and is a Meritorious Economist of the Russian Federation. Mr. Mau was born in Moscow on 29 December 1959. He graduated from the Plekhanov Moscow Institute of the National Economy in 1981. Since 1991, he had taken an active role in the development and practical implementation of a course of economic reforms in Russia and worked as an advisor to the Prime Minister from 1992 to 1993. From 1997 to 2002, he was Head of the Russian Government’s Working Centre for Economic Reform. Mr. Mau is the author of 26 monographs, books and textbooks published in Russia and the United Kingdom. He has also written more than 900 pamphlets and articles (in Russian, English, French, German and Italian). He is Chief Editor of Economic Policy magazine and a member of the editorial board for Economic Issues, the Journal of Economic Transition (USA) and others.
President of Japan Association for Trade with Russia and the Newly Independent States (ROTOBO)
Born May 3, 1936. Career July 1, 1989 – Deputy General Manager, Nagoya Aerospace Systems Works of Mitsubishi Heavy Industries, Ltd. June 27, 1991 – General Manager (since June 26, 1992 – Director), Nagoya Aerospace Systems Works. June 29, 1995 – Managing Director (since June 26, 1998 – Executive Vice President), Mitsubishi Heavy Industries, Ltd. June 29, 1999 – President of Mitsubishi Heavy Industries, Ltd. June 26, 2003 – Chairman. January 28, 2005 – Held also the post of Chairman, Chief Executive Officer, Mitsubishi Motors Corporation. April 1, 2008 – Director, Senior Corporate Adviser of Mitsubishi Heavy Industries, Ltd. April 4, 2008 – Held also the post of Chairman, Mitsubishi Aircraft Corporation. June 26, 2008 – Senior Corporate Adviser of Mitsubishi Heavy Industries, Ltd. Other Career May 22, 2007 – President of ROTOBO (Japan Association for Trade with Russia and NIS).
Senior Partner, Chief Investment Strategist, Verno Capital
Roland Nash joined Verno Capital in early 2011. Between 2008 and 2010, he was Chief Strategist and Co-Head of Renaissance Capital’s Equity Product Group, responsible for managing a 200-strong sales, trading and research team in New York, London and across Africa and the CIS. He began his career in Renaissance Capital in 1996 as Chief Economist, and during his time there worked as Head of Credit Research, Head of Fixed Income Research, Head of Equities Research, Chief Strategist, Head of Research, and co-Head of the Equities Group. Prior to joining Renaissance Capital, Roland spent two years as a senior economic expert at the Russian European Centre for Economic Policy (RECEP), where he was involved in advising the Russian government on economic policy. During that period he was the author of “Russian Economic Trends,” one of Russia’s leading macroeconomic journals, and acted as advisor to the Ministry of Economy and the Centre for Economic Reform. He went on to lead a group of economists within the RECEP organization. Roland graduated from Balliol College, Oxford University, where he received a B.A. in Politics, Philosophy, and Economics.
Vice President and Minister of Economy and Finance of Spain
In April 2009, Elena Salgado was named the vice president and minister of economy and financial affairs of Spain. Previously, Salgado was the minister of public administration from July 2007 to April 2009. Salgado has also served as the minister of health and consumer affairs from April 2004 to July 2007. Prior to holding these Ministerial positions in the Spanish government, Salgado held top-level managerial posts in various private companies in the technology sector, including Chair of the Board of Directors of Telegate Spain and Chief Executive Officer of Vallehermoso Telecom. From 1966 to 1972 Salgado studied at the Polytechnic University of Madrid as an industrial engineer, specializing in energy and organization. She received her graduate degree in economic science from the University of Madrid in 1977 and her master’s degree in business administration from the Escuela de Organización Industrial (EOI Business School) in 1973. In 1987 Salgado was awarded the Grand Cross of the Order of Military Merit in peace time and in 1996 she was awarded the Grand Cross of the Order of Civil Merit.
Professor of Economics, Yale University
Aleh Tsyvinski is a Co-director of the Macroeconomics Research Program at Cowles Foundation at Yale University. Professor Tsyvinski’s research was recognized by numerous awards including a five-year CAREER award from the National Science Foundation (USA), Guggenheim Memorial Fellowship, and Alfred Sloan Research Fellowship. In 2009, the World Economic Forum selected Professor Tsyvinski as a Young Global Leader. Professor Tsyvinski is an Independent Director at Promsvyaznedvishimost, one of the largest Russian real estate developers and operators. He is a Chair of the Compensation and Nominations Committee and a member of the Strategy Committee. Professor Tsyvinski has extensive policy and advice experience. He holds a Visiting Scholar position at the “Einaudi Institute for Economics and Finance” of Banca d’Italia. His other significant relevant policy experience is with the International Monetary Fund, Bank of Japan, and at the Federal Reserve Bank of Minneapolis. Professor Tsyvinski writes a bi-weekly column “Ratio Economica” for the editorial page of Vedomosti, a leading Russian business and political daily.