DUKE GLOBAL CAPITAL MARKETS CENTER
Advisory Board Members Biographies
Paul B. Bennett
Paul B. Bennett is senior vice president and chief economist of the NYSE.
As chief economist and head of the Research department at the New York Stock Exchange, Paul Bennett is responsible for analytic support for the Exchange's various business and public-policy activities, and for support of academic and other professional research into equities market issues.
Before joining the NYSE in 2001, Mr. Bennett was a senior officer and economist of the Federal Reserve Bank of New York, where he had worked since 1978. At the Fed, Mr. Bennett headed the Capital Markets Research division, was editor of the Bank?s research journal and, prior to that, vice president for Fedwire Funds and Securities Transfers, among other responsibilities.
Mr. Bennett has published numerous papers on finance, economics, and securities markets in both academic and practitioner journals.
Mr. Bennett holds a Ph.D. in economics from Princeton University and a B.A. in economics from the University of Chicago.
Robert. P. Cochran
Bob Cochran is Chairman and Chief Executive Officer of Financial Security Assurance Holdings Ltd. and its monoline financial guaranty insurance subsidiary, Financial Security Assurance Inc. (FSA).
A founding principal of FSA, Mr. Cochran became President and CEO of both companies in August 1990, Chairman of FSA in July 1994 and Chairman of FSA Holdings in November 1997.
He initially served FSA as Managing Director of the Financial Guaranty Department, which originates and underwrites all of FSA's asset-backed and municipal financial guaranty business. He is also President and Chief Executive Officer of Dexia Holdings, Inc., a subsidiary of Dexia Crédit Local, and a director of White Mountains Insurance Group, Ltd. He was formerly Chairman of the Association of Financial Guaranty Insurors.
Prior to joining FSA, Mr. Cochran was the Managing Partner in the Washington D.C. office of Kutak Rock & Campbell, specializing in both corporate and municipal securities law. In the 1970s, he was part of the investment banking team that developed the first tax-exempt single family housing transactions and the first tax-exempt floating rate monthly demand bonds, both of which are standard market products today.
Before joining Kutak, Mr. Cochran served a clerkship with the Honorable Pierce Lively, US Court of Appeals for the Sixth Circuit. He graduated from Centre College and the Duke University School
of Law. As an alumnus of Duke, he played an important role in the creation of its Global Capital Markets Center, and he currently serves as a member of the center's Advisory Board.
George S. Dallas
George S. Dallas is Managing Director and Global Practice Leader in Standard & Poor's Governance Services unit, based in London. This unit has been active since 2000 in providing individual company corporate governance evaluations in both emerging and developed markets. Mr. Dallas has been involved actively with the development of Standard & Poor's corporate governance analytical criteria and with the application of its governance evaluation and scoring service in markets around the world. He is also actively engaged with the management and governance assessment initiative that is part of Standard & Poor's wider enhanced analytics programme—linking corporate governance evaluations more formally to the credit rating process.
Prior to this assignment Mr. Dallas was head of Global Emerging Markets for Standard & Poor's. He also has served as regional head for Standard & Poor's Ratings Services in Europe and has been head of Standard & Poor's London office and practice leader of the company's international corporate ratings group. He joined Standard & Poor's as an analyst in 1983, prior to which he was a corporate lending officer at Wells Fargo Bank.
Mr. Dallas is editor of the book Governance and Risk (McGraw Hill, 2004), and has written numerous articles and several book chapters on themes relating to corporate governance and international finance. He has served on the boards of several Standard & Poor's affiliates in Europe. In 2003, Mr. Dallas won the McGraw-Hill award for Excellence in Leadership.
Mr. Dallas holds a B.A., With Distinction, from Stanford University and an M.B.A. from the University of California at Berkeley.
Jennifer J. Fahey
Jennifer J. Fahey is a Managing Director for Aon Risk Services, part of Aon Corporation, and the Leader for their Financial Services Group's Greater New York Region and Bermuda. Aon's Financial Services Group (“FSG”) specializes in Directors' and Officers' Liability, Non-Indemnifiable Directors' and Officers' Liability, Professional Liability, Employment Practices Liability, Fiduciary Liability, Unauthorized Trading, Organizational Liability, Transaction Facilitation Insurances, and Blended Financial Products insurance programs. Jennifer has over 18 years financial products broking and underwriting experience, including positions as President, Minet Financial Services; Managing Director, Marsh Finpro; and as a team leader with Chubb's Executive Protection Department. In addition to a focus on client risk differentiation and manuscripting of client contracts, Jennifer leads team of 65 professionals that place greater than $800MM in financial products premium in the insurance marketplace. Jennifer earned her A.B. degree from Duke University as well as an MBA with a finance specialization from Columbia University.
Jeffrey Golden
Jeffrey Golden joined Allen & Overy as a partner in the international capital markets department in 1994 after 15 years with the leading Wall Street practice of Cravath, Swaine & Moore. He is co-head of Allen & Overy's US law and derivatives practices and has extensive experience of a wide range of capital markets matters including swaps and derivatives, international equity and debt offerings, US private placements and listings and mergers, acquisitions and joint ventures. He acts for the International Swaps and Derivatives Association and a broad range of commercial and investment banks, borrowers, arrangers, underwriters and issuers.
He has appeared as an expert witness in several high profile derivatives cases and has served on the Financial Markets Law Committee's working groups on Amicus Briefs, Emergency Powers Legislation and Enron v TXU (Chair), the Financial Law Panel's working groups on agency dealings by fund managers and other intermediaries and building societies legislation, on the Federal Trust's working group on European securities regulation and on the European Commission's study group, the City of London joint working group and ISDA task forces on the legal aspects of monetary union.
He is Finance Officer and a member of the Council of the American Bar Association's Section of International Law, chair of the Section's Finance Committee and co-chair of its International Securities and Capital Markets Committee and a Fellow of the American Bar Foundation.
He studied at Duke University , the London School of Economics and Political Science and Columbia University School of Law, from which he received his J.D. degree with honors in 1978. He is a member of the Editorial Boards of Derivatives Use, Trading & Regulation and Derivatives: Tax Regulation Finance and of the Advisory Boards of the Columbia London Law Institute and the Duke Global Capital Markets Center .
Jeffrey P. Hughes
Jeffrey P. Hughes is Vice Chairman and a founding partner of The Cypress Group, a New York based private equity firm which manages two private equity funds with more than $3.5 billion in commitments. After three years with the law firm Simpson Thacher & Bartlett, Mr. Hughes worked for 26 years at Lehman Brothers as a senior investment banker and merchant banker. Mr. Hughes joined Lehman Brothers in 1968 and became a partner in 1976. He founded Lehman Brothers' private financing department and led early LBO financings; had senior investment banking coverage responsibilities for industrial, energy and consumer product companies; was head of the financial institutions group; and was a member of Lehman Brothers' investment committee. Mr. Hughes has been a director of many public and private companies during his 38-year business career including Financial Guaranty Insurance Company (“FGIC”), Communications & Power Industries, Inc., Catlin Group Limited, Lear Corporation, and Parisian, Inc. He graduated from Wesleyan University and Duke University Law School, where he is a member of the Board. He is Chairman of the Duke Global Capital Markets Center and a Trustee of the Park Avenue Methodist Church Trust and the Conservancy for Historic Battery Park.
Martin E. Lybecker
Mr. Lybecker is a partner of Wilmer, Cutler & Pickering. Mr. Lybecker received his B.B.A. (in Accounting) and J.D. degrees from the University of Washington in 1967 and 1970, respectively; Mr. Lybecker also received an LL.M. (in Taxation) degree from New York University in 1971, and an LL.M. degree from the University of Pennsylvania in 1973 where he was a Graduate Fellow of the Center for the Study of Financial Institutions and the Securities Markets. Mr. Lybecker served as Associate Director of the SEC's Division of Investment Management from 1978 to 1981; previously, he had been an Attorney, Office of Chief Counsel, in that Division (1972-1975). Mr. Lybecker has also been a law teacher at Georgetown University, State University of New York at Buffalo, Duke University, and the University of North Carolina, and has since 2000 served as a Senior Lecturing Fellow in Law at Duke University. Mr. Lybecker is currently Chairman of the Committee on Banking Law, has been the Chair of the Committee on Developments in Investment Services, and is a member of the Subcommittee on Investment Companies and Investment Advisers of the Committee on the Federal Regulation of Securities of the Business Law Section of the American Bar Association. Mr. Lybecker is a member of the American Law Institute, a member of the Editorial Board of The Investment Lawyer , and a member of the Advisory Board of the Duke University Global Capital Markets Center.
Michael W. Meyer is Managing Director and head of Global Credit Products (GCP) for Banc of America Securities (BAS), a position he has held since October 2007.
As head of GCP, Meyer has accountability for the entire credit platform that includes the sales and trading businesses which consists of high yield and investment grade corporate bonds, distressed debt, par loans as well as collateralized loan obligations, middle market finance and total rate of return swaps.
Previously, Meyer headed up Credit Products for our European and Asia regions and before that he was head of Leveraged Finance, which included High Yield Capital Markets, Leveraged Syndicated Capital Markets, Leveraged Acquisition Finance, High Yield Syndicate & Restructuring Advisory.
Mr. Meyer joined BAS in April 1999 as Managing Director, Head of High Yield Sales and Trading. Prior to joining BAS, Meyer worked at Morgan Stanley, on the High Yield Sales and Trading Desk, and before that he worked at Citicorp in Leveraged Finance and High Yield Capital Markets.
Mr. Meyer earned a BA from Duke University in 1984 and an MBA from the University of Texas in 1986.
David A. Schwarz
David A. Schwarz is a member of the litigation practice group. Although he has represented clients in a broad range of complex commercial disputes, the primary focus of Mr. Schwarz's practice has been the defense of class actions, with emphasis on securities and shareholder claims against public corporations, and consumer class actions. Mr. Schwarz's securities litigation practice has focused on parallel proceedings involving SEC enforcement actions and shareholder class actions and derivative claims. With regard to his white-collar defense practice, Mr. Schwarz has represented clients in connection with state and federal criminal actions involving health care, defense contracting, and environmental regulation. Mr. Schwarz has defended a wide range of consumer class actions involving alleged overcharge practices, anti-discrimination claims, unfair labor practices, and anti-trust claims. In the intellectual property arena, Mr. Schwarz has litigated numerous cases involving trade secret misappropriation claims, ranging from avionics and rocket propulsion systems to consumer goods and food processing techniques.
Mr. Schwarz has written on a variety of topics relating to securities litigation, securities reform legislation, white-collar criminal defense, and the defense of attorneys, accountants, and other professionals in securities class actions. Past speaking engagements include the Practicing Law Institute, the California Society of CPAs, and the Class and Derivative Litigation Institute. A member of the Advisory Board of the Duke University Global Capital Markets Center, Mr. Schwarz is a featured panelist at the 2006 Directors' Education Institute at Duke University.
Mr. Schwarz has also served as the Special Assistant to the Staff Director of the United States Commission on Civil Rights. After graduation from Duke University School of Law, Mr. Schwarz clerked for the Honorable Alex Kozinski of the United States Court of Appeals for the Ninth Circuit, after which he served as Special Assistant to the Honorable Morris B. Abram, United States Permanent Representative to the European Office of the United Nations and Other International Organizations. In that capacity, Mr. Schwarz advised the United States Permanent Representative and U.S. delegations on a wide range of public international law and humanitarian and refugee relief issues. Mr. Schwarz also served as United States delegate to a number of International and United Nations conferences, including the United Nations Human Rights Commission, the World Intellectual Property Conference, and the International Labor Conference.
A frequent author on international human rights issues, Mr. Schwarz was appointed in 2001 by President Bush to serve as a U.S. Delegate to the United Nations Human Rights Commission.
Neil Williams, a corporate and foundation director, is the retired General Counsel of AMVESCAP PLC. AMVESCAP (London Stock Exchange AVZ) is one of the world’s largest investment management complexes, with activities in over 25 countries. The principal brand names of AMVESCAP are Invesco, AIM, and Atlantic Trust.
Before joining AMVESCAP, Neil Williams was a partner in the law firm Alston & Bird, which he led as Managing Partner from 1984 through 1996. His practice emphasis was business law, particularly corporate finance and merger/acquisition activity. Alston & Bird is now a firm of over 700 lawyers with offices in Atlanta, New York, Washington, DC and North Carolina.
He has long been active at Duke University, where he finished his undergraduate work in 1958 and received his JD degree in 1961. During the 1970s he was chair of the alumni associations of Duke Law School and, later, of Duke University. For 13 years, through 1993, he was a member of Duke’s Board of Trustees and chaired that Board from 1983 – 1988. He was instrumental in the formation of Duke Management Company, the University’s investment management arm, and served as a director from its inception through 1997. Duke University awarded him its Distinguished Alumni Award in 1990.
A resident of Atlanta since 1961, he has participated fully in the Atlanta community .He has been a long-time director of the Atlanta Symphony Orchestra and a Life Trustee of the Woodruff Arts Center. He is currently Chairman of the Board of Trustees of the Woodruff Arts Center.
He also serves as a Trustee and on the Investment Committee of The Duke Endowment (Charlotte), as Chairman of the Board of Trustees of The Vasser Woolley Foundation (Atlanta), and as a Trustee of The Halle Foundation (Atlanta). He has also served as a trustee and a member of the investment committee of The Presbyterian Church Foundation. During the 1990s he was active as a member of the Board of Directors of The American Symphony Orchestra League (Washington, DC and New York) and served as chairman of that board for five years.
As a corporate director, Neil Williams currently serves three Atlanta-based companies: Printpack, Inc.; NDCHealth (NYSE NDC); and Acuity Brands, Inc. (NYSE ACY). He is Lead Director of NDC Health and chairs the Governance Committee of Acuity Brands. He is a retired director of Attorneys Liability Assurance Society, a Bermuda-based insurer of a substantial number of large U.S. law firms. Both as a practicing lawyer and as a director and trustee, he has had a continuing interest in corporate governance issues and has made presentations on the subject at a number of continuing legal education and director seminars.
Neil Williams and his wife Sue have two children, two grandchildren, and a number of outside interests, including a home in the Georgia mountains where they have hopes of spending more time.
Tom Wilson is a First Vice President of Merrill Lynch and Head of Talent Sourcing and Recruiting for the firm, a position he took on in June of 2005. Since 2003, he has been Head of Global Campus Recruiting for Merrill Lynch and will continue to manage that group.
Tom brings to his current position a broad array of business experience, both as a producer and a manager. From 2000 to 2003, he was Head of Global Resource Management for Global Debt Markets in which he is responsible for integrating all efforts - including Recruitment, Development and Placement – for employees in the first 5 years of their professional careers globally. Previously, Tom held business management positions in the Americas Debt business and the U.S. institutional sales organization. As a producer, Tom spent nine years in Debt Sales in the Merrill Lynch Boston Institutional Sales office.
A graduate of the University of Virginia, he joined Merrill Lynch in 1981.
Ken Yun is the founder, senior managing director and representative director of Samjong KPMG. Prior to this, Mr. Yun was the CEO of Samjong Houlihan Lokey, a joint venture between Samjong and Houlihan Lokey Howard & Zukin, U.S.A. Mr. Yun has established Samjong KPMG as one of the fastest growing professional services groups in Korea. Ken Yun’s areas of expertise include corporate M&A, restructuring, and commercial transactions. Recently, Mr. Yun has led several high profile M&A transactions, including the sale of Hanbo Iron and Steel Corp. to Yamato of Japan, the sale of Daewoo Commercial Vehicle to the Tata Group of India, and the sale of Korea Thrunet Co. Mr. Yun has also guided several restructuring engagements for SK Global, LG Card, Daewoo International, Daewoo Engineering and Construction and Hyundai Corp.
Ken Yun has a great deal of experience in international business trade disputes resolution. Mr. Yun is an international legal advisor to the Korean government and has been a Korean representative to WTO anti-dumping negotiations. Prior to establishing Samjong KPMG, Mr. Yun was employed at Hewlett-Packard, Arthur Young and the Law Offices of Sidley & Austin in the U.S. Mr. Yun earned a B.A. in Economics from the University of Pennsylvania, an M.B.A. from the University of Chicago Graduate School of Management, and a J.D. and LL.M. from Duke University School of Law. Mr. Yun is also Korea’s Honorary Consul of Saint Vincent and the Grenadines.
SAMJONG KPMG
The exclusive Korean member firm of KPMG International, a Swiss non-operating association – is part of a global network of professional service providers whose mission it is to turn knowledge and understanding of information, industries and business trends into value for its clients, its people and communities.
Samjong KPMG’s 800 professionals in Korea - part of a worldwide network of over 100,000 KPMG accounting, tax and financial advisory professionals - operate with a global approach to service delivery. Our global network and approach combined with an intimate knowledge of the unique issues faced when doing business in Korea and other diverse countries, allows Samjong KPMG to respond to clients’ business challenges quickly and effectively with services that span industry sectors and national boundaries. To help our clients keep pace with a volatile, competitive and fast moving business environment, Samjong KPMG offers a complete range of audit and risk advisory, tax, and financial advisory services. To complement these core services, Samjong KPMG also provides support with such specialized areas as transaction services, forensic and selected asset and fund management services.
