1 Dallas November 4 th 2013
2 Change is the only constant Heraclitus of Ephesus BCE
3 Welcome Credit Suisse is delighted to welcome you to our Global Megatrends Conference in Dallas. We are pleased to bring our premier thought leadership event to Texas for the first time. Our Global Megatrends Conferences encompass thought leadership insights and expertise to help you navigate our rapidly evolving global economy. Megatrends are reinventing the world and subsequently creating vast investment opportunities. Global events continue to shift the economic landscape and introduce new volatility for businesses and investors. The Credit Suisse Global Megatrends Conference will provide you with the latest financial research and market outlooks, including investment insights you will find nowhere else. We are pleased to welcome an outstanding lineup of keynote speakers, including Roger Staubach, Dallas Cowboys legend and Executive Chairman Americas for Jones Lang LaSalle; Dr. Michael Mandelbaum, foreign policy specialist and best-selling author; Geoffrey Raynor, Founding Partner of Q Investments, L.P.; and Tony Crescenzi, market strategist and portfolio manager for PIMCO; as well as internal experts, Barbara Reinhard, Chief Investment Officer for Private Banking Americas; and Dr. Philip Vasan, Head of Private Banking for the Americas. We are also pleased to welcome Bloomberg s Deirdre Bolton of Money Moves to provide additional commentary on the day s discussions. We thank you for joining us today and look forward to a successful conference. Phil Swatzell Head of the Southwest Region Private Banking USA Credit Suisse Phil Swatzell is a Managing Director of Credit Suisse in the Private Banking division based in Dallas, Texas. He oversees the Southwest Region of Credit Suisse Private Banking USA, which includes regional offices in both Dallas and Houston. Mr. Swatzell was a member of the 2010 and 2011 Managing Director Evaluation Committee, and has also served as a member of the Private Banking Management and Operating Committees. Mr. Swatzell has spent the last 35 years working in the financial services industry. He began his career in Dallas with Salomon Brothers where he spent 10 years before joining their Chicago office in Mr. Swatzell spent the next 17 years in Chicago working with Salomon Brothers, Credit Suisse First Boston, and his own investment management firm, Dearborn Partners, LLC, before returning to Dallas in 2004 to join U.S. Trust as manager of their Southwestern region. Mr. Swatzell rejoined Credit Suisse in Mr. Swatzell received his B.A. in Finance from Texas Tech University. He serves on the board of several charitable organizations including The Salvation Army Dallas/Fort Worth Advisory Board, Marketplace Chaplains, and The Southwestern Seminary Foundation in Fort Worth. Credit suisse global megatrends conferences Dallas, November 4,
4 Megatrends are big shifts caused by millions of personal choices
5 Demographics, Sustainability and a Multipolar World. Three major factors or Megatrends that have shaped our world for thousands of years. Two-and-a-half millennia ago, the philosopher Heraclitus observed that change is the only constant. Yet within the turbulence and white noise of daily novelties, real trends take form and gradually become obvious and accepted part of the furniture of our lives. Trends can be reinforced by copycat behavior, or shifted by embracing new discoveries. Major trends may be born by people simply behaving as they have always done, but in greater numbers. These big tectonic shifts can bundle together with millions of personal choices. We call such bundles Megatrends. The overarching themes of Megatrends influence the investment landscape; as investors, we must understand these trends in order to best position ourselves for the future. Barbara M. Reinhard Chief Investment Officer Private Banking Americas Credit Suisse Megatrends are major economic, social and political forces relevant across decades. We group them under three overarching pillars Demographics, Multipolar World and Sustainability. At Credit Suisse, we believe that the analysis of Megatrends enables successful investments into growing markets. But we also understand that markets move on a very different time scale from these underlying trends. Investors can become enthusiastic about securities related to a Megatrend theme, driving valuations to high levels, and then become disenchanted, causing a major sell-off even as the underlying theme remains in place. Understanding these investment cycles allows for a strategic and sustainable approach to investment in global Megatrends. With this in mind, we introduce our new Megatrends Framework, which aims to give exposure to the long-term opportunities of a given Megatrend while also allowing for the tactical aspects of the Megatrend s investment cycle. In addition, it stresses the benefits of a cross-asset and portfolio approach towards Megatrends investing. Credit suisse global megatrends conferences Dallas, November 4,
6 Today s Agenda 12:00 pm 12:30 pm 10:55 am :10 pm 2:00 pm 9:50 am 3:00 pm 9:05 am 9:00 am
7 8:15 am 9:00 am 9:05 am 9:50 am 10:40 am 10:55 am 12:00 pm 12:30 pm 1:10 pm 2:00 pm 3:00 pm Breakout Session 1 Breakout Session 2 Breakout Session 3 Registration and Continental Breakfast Welcome Remarks Phil Swatzell, Head of the Southwest Region, Private Banking USA, Credit Suisse GLOBAL MEGATRENDS: WHAT THEY MEAN FOR YOUR PORTFOLIO Barbara M. Reinhard, Chief Investment Officer, Private Banking Americas, Credit Suisse DISCOVERING THE NEW FINANCIAL WORLD Tony Crescenzi, Executive Vice President, Moderated by Deirdre Bolton, Anchor, Market Strategist, Portfolio Manager, PIMCO Bloomberg Television s Money Moves Geoffrey Raynor, Founding Partner, Introduction by Peter Skoglund, Vice Q Investments, L.P. Chairman, Private Banking USA, Credit Suisse coffee break The Opportunity in Fixed Income Alternatives Adam Flikerski, BlackGold Don Pollard, Credit Value Partners IMPACT INVESTING: Establishing Good Practice Amid the Hype Cat Alexander, Impact Investing Sunny Vanderbeck, Satori Capital BEST PRACTICES IN WEALTH PLANNING: THE NEW PARADIGM IN TAX, ESTATE AND PHILANTHROPIC PLANNING Santo (Sandy) Bisignano, Bisignano & Harrison, L.L.P. LUNCH SERVICE TO CATCH A TREND Dr. Philip Vasan, Head of Private Banking for the Americas, Credit Suisse AMERICA S FUTURE: OBSTACLES AND OPPORTUNITIES Dr. Michael Mandelbaum, Author, That Used to Be Us: How America Fell Behind in the World it Invented and How We Can Come Back KEYNOTE DISCUSSION: FACING THE CHALLENGES Roger Staubach, Executive Chairman, Americas, Jones Lang LaSalle; former Dallas Cowboys quarterback; MVP, Super Bowl VI; Heisman Trophy winner John Popp, Credit Suisse Moderated by Eileen Duff, Credit Suisse Moderated by John Goldstein, Imprint Capital Advisors Jason Cain, Credit Suisse Moderated by Bill Woodson, Credit Suisse Introduction by Richard Jaffe, Head of Private Banking USA, Credit Suisse Moderated by Deirdre Bolton, Anchor, Bloomberg Television s Money Moves Q&A Moderated by Phil Swatzell, Credit Suisse CLOSING REMARKS Phil Swatzell, Head of the Southwest Region, Private Banking USA, Credit Suisse Credit suisse global megatrends conferences Dallas, November 4,
8 Today s Topics Catch a trend New Financial World Impact investing America s Future Wealth Planning Fixed Income Facing the challenges Global Megatrends
9 Global Megatrends: What They Mean For Your Portfolio It should come as no surprise to investors that the world is changing rapidly. Over the last two decades we have watched our portfolios reflect the globalized world in which we live. Insular economies have given way to a worldwide marketplace that knows no borders. The emerging markets have begun to develop a meaningful consumer base while the developed world attempts to come to terms with its aging population. Each of these changes is broadly reflected at some point on the continuum of our three Megatrends a Multipolar World, Demographic shifts and Sustainability. In her talk, Barbara will discuss how she expects these overarching themes to influence the investment landscape and how we, as investors, can best position our portfolios in this context. Barbara M. Reinhard Chief Investment officer Private Banking Americas Credit Suisse Barbara M. Reinhard is a Managing Director of Credit Suisse in the Private Banking & Wealth Management division, based in New York. She is the Chief Investment Officer for Credit Suisse Private Banking Americas, responsible for strategic and tactical asset allocation and investment strategy. She serves as a member of the Private Bank Investment Committee, the Global Economics and Strategy Group, the Credit Suisse Pension Investment Committee, and the Americas Diversity Committee. Ms. Reinhard joined Credit Suisse as a Managing Director in Before joining the firm, she was at Morgan Stanley, where she was a Managing Director and Deputy Chief Investment Strategist for the Wealth Management division. Ms. Reinhard earned her B.A. from Trinity College and is a CFA charter holder. Credit suisse global megatrends conferences Dallas, November 4,
10 Discovering the New Financial World Will equities under-perform over the next decade? Is the US dollar bull market a sure thing? Will US yields resume their trend decline? Bloomberg s Deirdre Bolton attempts to answer these questions and more in a moderated discussion with leading industry experts from PIMCO and Q Investments, Tony Crescenzi and Geoffrey Raynor. These experts will share their insights across various asset classes, including the risks and opportunities they see over the next year, and over the next decade. Moderated by Deirdre Bolton Anchor, Bloomberg TV s Money Moves Deirdre Bolton is an anchor on Bloomberg Television and host of Money Moves, airing weekdays at 2pm ET across Bloomberg s digital platforms including Bloomberg Television and Bloomberg. com. Ms. Bolton provides a daily look at global money flows into alternative assets, including hedge funds, private equity, venture capital, angel investing, real estate and natural resources, and shows where the world s savviest global investors are placing their bets. Since joining Bloomberg Television in 1999, Ms. Bolton has co-anchored Bloomberg Television s morning programming and interviewed numerous business leaders, heads of state and high-profile investors including Bill Ackman and David Rubenstein. Ms. Bolton has also participated in gatherings for some of the world s top business minds including the World Knowledge Forum in Seoul, Korea. Ms. Bolton began her career in institutional equity sales at CDC North America and Société Générale. She holds a degree in English and French literature from the University of Iowa and a master s degree from New York University. Ms. Bolton has lived in Paris, London, and Singapore. She is currently based in New York City. Introduction by Peter O. Skoglund Vice Chairman, Private Banking USA, Credit Suisse Peter O. Skoglund is a Vice Chairman of Private Banking USA. He is a member of the Private Banking Americas Management Committee of Credit Suisse and of the Global Executive Committee of the Private Bank. He also is a member of the Global Leadership Committee of Credit Suisse. Mr. Skoglund has also served on the Managing Director Evaluation Committee in 2005, 2006 and 2007 and is a Trustee of the Credit Suisse Foundation. In addition to his functions at Credit Suisse, he has served as an Arbitrator for the New York Stock Exchange and a former Board Member of the Central States Region of the Security Industry Association. He is a board member of Off The Street Club in Chicago. Mr. Skoglund joined Credit Suisse First Boston in 2001 when the firm merged with Donaldson, Lufkin & Jenrette (DLJ), where he had been a Managing Director and Branch Manager of the Chicago office since Prior to the DLJ merger, he held positions as Manager of the PaineWebber Chicago North Shore Office and Manager of the Drexel Burnham Lambert Chicago North Shore Office. Mr. Skoglund holds a B.A. from Northwestern University and an MBA from Washington University (St. Louis).
11 Tony CrescenzI Executive Vice President, Market Strategist, Portfolio Manager, PIMCO Tony Crescenzi is an executive vice president, market strategist and portfolio manager in PIMCO s Newport Beach office. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak, where he worked for 23 years. Mr. Crescenzi has written five books, including his latest, Beyond the Keynesian Endpoint, which was published in November 2011, and a complete revision to Marcia Stigum s The Money Market. He regularly appears on CNBC and Bloomberg Television and in financial news media. Mr. Crescenzi taught in the executive MBA program at Baruch College from He has 31 years of investment experience and holds an MBA from St. John s University and an undergraduate degree from the City University of New York. Geoffrey Raynor Founding Partner, Q Investments, L.P. Geoffrey Raynor founded Q Investments 19 years ago and is the senior managing partner. Q Investments is a $1.5 billion group of related and affiliated entities that manage a series of private investment funds representing the capital of some of the wealthiest families and institutions in the United States. Q s areas of focus are US credit and distressed investing, activist investing, merger arbitrage, convertible arbitrage, commercial aviation, commercial real estate, middle market private equity and seeding new managers. Q also has small investments in India and China. Prior to founding Q in 1994, Mr. Raynor was employed by the Bass family of Fort Worth, Texas, where he was involved in many aspects of the Bass investment operations, including public market securities trading, private equity transactions and numerous venture capital investments. Mr. Raynor graduated magna cum laude with a B.A. in philosophy from Princeton University. Credit suisse global megatrends conferences Dallas, November 4,
12 Breakout Session 1 The Opportunity in Fixed Income Alternatives Over time, the job of the bond portfolio was to buffer investors from periodic swings in equities and provide some modest income. But with today s historically low yields and rates that appear to have no where left to go but up, this panel considers whether and how the fixed income allocation could evolve going forward. Specifically, we ll discuss some ideas we categorize as alternative credit and try to answer some of the questions our investors are asking about the prospect of rising rates, higher inflation, and lower bond returns overall. Adam Flikerski Co-Founder, Portfolio Manager, BlackGold Capital Management LP Adam Flikerski is Co-Founder and Managing Partner of BlackGold Capital Management LP, sharing in all investment decisions and the day-to-day management of BlackGold. Mr. Flikerski has 16 years of energy credit investment, research and trading experience. Mr. Flikerski also worked at Bear, Stearns & Co. in New York as a High Yield Energy Research Analyst. Promoted to Vice President at the age of 24, Mr. Flikerski was one of the youngest members of the firm to earn that title. Prior to Bear Stearns Mr. Flikerski was an Analyst in the Global Energy Investment Banking Group at Morgan Stanley & Co. Mr. Flikerski graduated with a Bachelor of Commerce degree from McGill University (graduating with Great Distinction in Finance), and earned an MBA from Harvard Business School. Don Pollard Managing Partner, Credit Value Partners Don Pollard is the Managing Partner of Credit Value Partners and a Portfolio Manager of the Candlewood Credit Value Fund II, Credit Value Partners Distressed Duration Fund and Credit Value Fund III. Mr. Pollard was previously the Head of the Credit Suisse Credit Investments Group (CIG), overseeing its $17 billion of non-investment grade credit investment portfolios. As the Head of CIG, Mr. Pollard was also a Co-Portfolio Manager of the Candlewood Special Situations Fund and Candlewood Credit Value Fund I. Prior to managing CIG, Mr. Pollard was the Co-Head of Credit Suisse s Global Leveraged Finance Group, which was the market leader in trading leveraged loans, high yield bonds and distressed debt. Before joining Credit Suisse in November 2000, Mr. Pollard had various roles in performing and distressed credit trading including Co- Founder and Co-Head of the Leveraged Loan Group and Distressed Debt Group at DLJ, Head of European Distressed Loan Trading at Citicorp Securities and Co-Head of Distressed Loan Trading at Jefferies & Co. and Continental Bank. Mr. Pollard is the former Chairman of the Loan Syndications and Trading Association ( LSTA ). Mr. Pollard, a CFA, received his B.A. in Economics from the University of Michigan and currently serves on the Advisory Board to the University s Economics Department.
13 John Popp Global Head and Chief Investment Officer of the Credit Investments Group, Credit Suisse John G. Popp is a Managing Director of Credit Suisse in the Asset Management business, based in New York. He is the Global Head and Chief Investment Officer of the Credit Investments Group (CIG), with primary responsibility for investment decisions, portfolio monitoring processes and business development for CIG s global investment strategies. As of March 2013, CIG had assets under management of approximately USD 23.2 billion. Mr. Popp serves as the President and Chief Executive Officer of the Credit Suisse Funds, the Credit Suisse Asset Management Income Fund, Inc. and the Credit Suisse High Yield Bond Fund. He also served as a member of the Credit Suisse Managing Director Evaluation Committee during 2005, 2007, 2008 and Mr. Popp is also a member of the Credit Suisse Global Leadership Council. Mr. Popp is a member of the Brookings Institution s Foreign Policy Leadership Committee and a member of the Juilliard School Council. Mr. Popp graduated with a B.A. degree from Pomona College and an MBA from the Wharton Graduate Division of the University of Pennsylvania. Moderated by Eileen Duff Head of Alternative Investments, Private Banking Americas, Credit Suisse Eileen Duff is a Managing Director of Credit Suisse in the Private Banking & Wealth Management division of Credit Suisse, based in New York. She is Head of Alternative Investments for Private Banking in the Americas, which includes private equity, hedge funds, commodities and real estate. Ms. Duff also serves as Global Co-Head of Hedge Funds for the Private Bank. Ms. Duff joined Credit Suisse in 2000, when the Bank merged with Donaldson, Lufkin & Jenrette, where she was responsible for global marketing for the Private Client Group. She joined DLJ in 1996 to develop a graduate recruiting program as well as sales training for both newly hired MBA associates and lateral hires. Ms. Duff holds a Bachelor of Science degree from the University of Delaware. Credit suisse global megatrends conferences Dallas, November 4,
14 Breakout Session 2 Impact Investing: Establishing Good Practice Amid the Hype The World Economic Forum recently reported impact investments comprise some $25B to $40B of global assets, with annual growth rates potentially tracking those of the responsible investing market at 11%. Families and institutions are growing their efforts in this space, and everyone from the Wall Street Journal to the G8 Summit are talking about impact investing. So how much is just sizzle and where s the proverbial steak? What does this mean for investors and those who support them? John Goldstein of Imprint Capital will lead a panel of experts in a discussion grounded in investment practice and skeptical optimism. The discussion will help orient participants to the impact investing landscape and the distinctive array of practices within it; to better understand the core drivers of interest and activity; and to navigate approaches that make the most sense for them. Sunny Vanderbeck Managing Partner, Satori Capital Sunny Vanderbeck has a track record of high achievement in all of his endeavors, including as an entrepreneur, CEO, investor, board member, and military leader. Prior to co-founding Satori Capital, Mr. Vanderbeck co-founded and served as Chief Executive Officer of Data Return, a leading provider of managed services and utility computing. As CEO for eleven years, Mr. Vanderbeck led the company through all phases of growth and transformation. The company sustained 40% quarter-over-quarter growth and reached $50 million in revenue after only three years. With such rapid growth, an impressive customer base, and an innovative and capital-efficient business model, the company attracted strategic investments from Compaq, Level 3, and Microsoft. After a successful IPO, the company achieved a market capitalization in excess of $3 billion, and Mr. Vanderbeck was one of the youngest CEOs ever to lead a NASDAQ company. In recognition of Data Return s industry leadership, Microsoft named Data Return Global Hosting Partner of the Year, while Mr. Vanderbeck received numerous individual honors including being named Top 25 Technology Executives and Entrepreneur of the Year finalist by Ernst and Young. In addition, Mr. Vanderbeck is a sought-after speaker at financial and sustainability conferences. Prior to co-founding Data Return, Mr. Vanderbeck served as a Team Leader at Microsoft, where he focused on supporting Microsoft s largest clients and partners. Through his experience at Microsoft, Mr. Vanderbeck identified a compelling market opportunity that served as the springboard for the launch of Data Return. Prior to joining Microsoft, Mr. Vanderbeck served as a Section Leader of the 2nd Ranger Battalion (U.S. Special Operations Command). Through this experience, Mr. Vanderbeck learned how to succeed under challenging circumstances while leading others to new levels of performance. Leveraging his expertise in strategy, operations, and capital allocation, Mr. Vanderbeck is actively engaged with several private businesses as an investor, advisor, and board member. Additionally, Mr. Vanderbeck is a member of Young Presidents Organization (YPO) where he serves as the North American Co-Chair of the organization s Corporate Social Responsibility Network. In this role, his charter is to develop awareness and support for more sustainable business models among YPO companies.
15 Cat Alexander Consultant, Impact Investing Cat Alexander currently focuses her consulting work on impact investing; charter school development and replication; blended learning design and implementation; and portfolio school district transformation. Having worked as a Business Process Consultant at Accenture, Chief Operating Officer of Rocketship Education, and Program Officer at the Michael and Susan Dell Foundation, Ms. Alexander brings a uniquely extensive and diverse perspective to public education reform and impact investing. As a Program Officer for the Michael & Susan Dell Foundation, Ms. Alexander led the formation and early US investing of the Michael & Susan Dell Foundation s Mission Investment program. The program, which actively invests in high impact social entrepreneurs innovating across the US education landscape, made its first investment in an adaptive assessment and learning company in early As part of this work, Ms. Alexander led a multi-sector market landscape analysis and drove the strategic thesis development for the Michael & Susan Dell Foundation s new Mission Investing program. Moderated by John Goldstein Co-Founder & Managing Director, Imprint Capital Advisors John Goldstein co-founded Imprint Capital Advisors in June 2007 to help foundations, families and financial institutions create and manage impact investing programs and portfolios. Imprint has worked with 8 of the 20 largest US foundations and has invested over $265 MM across mission areas and asset classes with dedicated research and investment capacity in education & learning; energy and environment; food, health & well-being; and vulnerable communities. Previously, Mr. Goldstein co-founded Medley Capital Management (MCM), a private investment firm. He also served as Senior Managing Director of Medley Global Advisors. During that time, Mr. Goldstein co-founded and served as the Executive Director of the Medley Institute. Prior to that, Mr. Goldstein was a management consultant at Andersen Consulting (now Accenture). Mr. Goldstein has been an advisor or board member to a diverse set of organizations in the impact space including groups such as the Global Impact Investing Network (GIIN)/ImpactBase, the Global Social Venture Competition (GSVC), McKinsey s working group on Social Impact Bonds, Global Giving, the Sustainable Food Lab, the UN Capital Development Fund, the International Interfaith Investment Group, and a range of others. Mr. Goldstein graduated from Yale University with honors. He was awarded the Richter Fellowship and the Townsend Prize. Credit suisse global megatrends conferences Dallas, November 4,
16 Breakout Session 3 Wealth Planning: The New Paradigm in Tax, Estate and Philanthropy In the last few years there has been an unprecedented change in the landscape for doing tax and estate planning. These changes include dramatic increases in the gift, estate and GST exemptions, aggressive enforcement by regulators of perceived planning abuses, efforts by the Administration to close popular and traditional planning techniques, and a more muted investment return environment. Our panel of experts will summarize and address these changes and share their views on how wealthy individuals should revise their tax and estate plans to reflect this new paradigm. Moderated by Bill Woodson Managing Director, Center for Wealth Planning and Family Wealth Management Private Banking USA, Credit Suisse Bill Woodson is a Managing Director for Credit Suisse and head of the firm s Family Office Services practice. Mr. Woodson joined Credit Suisse in 2007 from Merrill Lynch where he was a member of Merrill Lynch s Private Banking and Investment Group. He oversaw an integrated investment advisory practice for ultra-high net worth families ranging in net worth from $25 million to $2 billion. Prior to that, Mr. Woodson was one of the first ten employees at mycfo, an integrated wealth management and technology firm started by Jim Clark (Netscape) and John Chambers (Cisco Systems), where he ran one of the firm s largest multi-family family office practices and served as the CFO for mycfo Securities, LLC. Mr. Woodson has a Master s degree in Accounting from New York University s Stern Graduate School of Business and a Bachelor s degree in Economics from the University of California, Irvine.
17 Santo (Sandy) Bisignano, Jr. Partner, Bisignano & Harrison, L.L.P. Santo (Sandy) Bisignano, Jr., born, Los Angeles, California, September 23, 1947; admitted to bar, 1978, Texas. Education: University of Notre Dame (B.B.A., 1969; J.D., 1978); University of Chicago (M.B.A., 1971). Beta Gamma Sigma, Associate Editor, Notre Dame Law Review, Fellow, American College of Trust and Estate Counsel. Board Certified, Estate Planning and Probate Law, Texas Board of Legal Specialization. Fellow, Texas Bar Foundation. Chairman of Probate, Trusts and Estates Section of Dallas Bar Association, President of Dallas Estate Planning Council, Member of Council of Real Property, Probate and Trust Law Section of State Bar of Texas, Named as one of the Best Lawyers in America by Woodward White, 1994 through 2013; Best Lawyers in Dallas / Ft. Worth by D Magazine, 2003 through 2013, and a Texas Super Lawyer by Texas Monthly Magazine, 2004 through Jason Cain Director, Center for Wealth Planning and Family Wealth Management Private Banking USA, Credit Suisse Jason M. Cain is a Director with Credit Suisse s Center for Wealth Planning and Family Wealth Management groups within Private Banking USA. Mr. Cain leads a team of Wealth Strategists in the Center for Wealth Planning, where they work with Relationship Managers in advising high net worth clients on effective strategies to meet multi-generational wealth planning goals and objectives. Mr. Cain works as a facilitator between Credit Suisse clients and their outside advisors, including trust and estate planning attorneys, certified public accountants, investment bankers and insurance professionals. As part of the Family Wealth Management Group, he advises Credit Suisse family office clients as a Family CFO coordinating and integrating the family s financial, estate planning and wealth management goals and objectives with their investment management goals and objectives. Credit suisse global megatrends conferences Dallas, November 4,
18 To Catch a Trend Dr. Philip Vasan Head of Private Banking for the Americas, Credit Suisse Dr. Vasan looks at seemingly independent Megatrends, what they have in common, and what we have in common as a result. Dr. Philip Vasan Dr. Philip Vasan is a Managing Director of Credit Suisse and Head of Private Banking for the Americas, based in New York. He is a member of the Private Banking & Wealth Management division s Management Committees in New York and Zurich. Since joining the bank in 1992, Dr. Vasan has held a range of global leadership positions for Credit Suisse. Prior to his current post, he developed and led for ten years the bank s marketleading Prime Services franchise. He has also served as Head of Global Foreign Exchange and worldwide Head of Equity Derivatives and Convertibles. Dr. Vasan has directed both the bank s e-commerce investments and cost reduction efforts, and has co-chaired the bank s Managing Director Evaluation Committee. Before joining Credit Suisse, Dr. Vasan ran Citibank s FX options business in the US after trading interest rate derivatives there. Dr. Vasan received his B.A. with High Honors from Oberlin College and his Ph.D. in Economics from Harvard University, where he was named top graduate instructor in the University. He has authored a text on Options used to train Credit Suisse staff and clients, and has served as a visiting lecturer in Finance at the MIT Sloan School of Management. Dr. Vasan is a member of the Board of Trustees of Oberlin College and served on the Board of Directors of the Managed Funds Association.
19 Americas Future: Obstacles and Opportunities For economic growth in the global economy of the 21st century, the United States possesses formidable strengths but also some weaknesses. It does better than any other country in inspiring the kind of individual initiative that is crucial for economic progress, but on measures of collective action to support individual initiative, America sometimes comes up short. Professor Mandelbaum will discuss both of these strengths and weaknesses, with special attention to the need to upgrade America s historic publicprivate partnership for growth promotion, its system of primary and secondary education, its fiscal balance, and its politics. Dr. Michael Mandelbaum Johns Hopkins foreign policy specialist and bestselling author Michael Mandelbaum is known for his ability to explain the meaning and consequences of complicated global developments and trends. The New York Times called him one of the country s leading public intellectuals, and Foreign Policy magazine named him one of the Top 100 Global Thinkers. His latest book, co-written with Thomas Friedman, That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back, debuted at #2 on The New York Times bestsellers list. Library Journal called it a book of exceptional importance that should be read by policymakers and every American concerned about our country s future. The Christian A. Herter Professor and Director of American Foreign Policy at The Johns Hopkins University School of Advanced International Studies, Dr. Mandelbaum has taught at Columbia University, Harvard, and The United States Naval Academy. He was educated at Yale, Cambridge, and Harvard. A former Senior Fellow at the Council on Foreign Relations, Dr. Mandelbaum serves on the board of advisors of The Washington Institute for Near East Policy. The World Affairs Councils of America named him one of the most influential people in American foreign policy. He has been a guest on Charlie Rose, Face The Nation, and The Daily Show. Introduction by Richard S. Jaffe Richard S. Jaffe is a Managing Director of Credit Suisse in the Private Banking & Wealth Management division. He is the Head of Coverage for Private Banking USA, responsible for client facing activities, including branches, relationship managers, RM recruitment, training and development as well as marketing efforts. Mr. Jaffe was a member of the 2009, 2010 and 2011 Managing Director Evaluation Committee as well as Co-Chair of the 2009 and 2010 Private Banking USA Director Promotion Committee, and represented Credit Suisse as Ambassador to the Wharton School of the University of Pennsylvania. Mr. Jaffe was also a member of the Private Banking US Management Committee and the PB USA Operating Committee. Mr. Jaffe received an A.B. in Psychology from Lafayette College and an MBA with a concentration in Finance from the Wharton School of the University of Pennsylvania. Credit suisse global megatrends conferences Dallas, November 4,
20 Keynote Discussion Confidence doesn t come out of nowhere. It s a result of something... hours and days and weeks and years of constant work and dedication. Roger Staubach