Jonathan Sánchez-Jaimes
President Visa International Latin America and Caribbean Region
Jonathan Sánchez-Jaimes was born in Caracas, Venezuela, and grew up in Miami, Florida. A 1977 graduate of South Miami high school, Mr. Sánchez-Jaimes attended Dartmouth College, where he received a Bachelor of Arts degree, cum laude, in government and economics in 1980. That year, Mr. Sánchez-Jaimes joined Aetna Life and Casualty's Management Training Program in their Group Insurance and Pensions Division in Hartford, Connecticut. He worked in a variety of rotations including Pensions, Real Estate, Corporate Law and Insurance Actuarial, while attending graduate school.
In 1985, Mr. Sánchez-Jaimes received a J.D., cum laude, from the Harvard Law School, as well as a Masters in Business Administration from the Harvard Business School. During his 11 years at Aetna Life and Casualty, Sánchez-Jaimes gained extensive managerial experience while holding positions in the areas of Competitive Intelligence, Marketing Information Management, Field Management, and Defined Contributions. Mr. Sánchez-Jaimes' joined the Boston Consulting Group in 1992. As a senior consultant at BCG, Mr. Sánchez-Jaimes worked with a variety of Fortune 100 multinational companies, including major computer manufacturers, an insurance company, an automotive electronics firm, and a global wine and spirits company.
In 1996, Mr. Sánchez-Jaimes managed the Boston Consulting Group team working with Visa International, Latin America and Caribbean Region on a variety of projects, including that Region's reorganization and multi-country, strategic alliances.
In 1997, Mr. Sánchez-Jaimes formally joined Visa International, Latin America and Caribbean Region, as the company's executive vice-president in charge of Business Development and Support. Subsequently, Mr. Sánchez-Jaimes' responsibilities grew to include Human Resources, Legal, and the oversight of Visa International operations in Brazil and Mexico.
In February 1999, Mr. Sánchez-Jaimes was named president of the Visa International, Latin America and Caribbean Region, by the Visa International Board of Directors. Mr. Sánchez-Jaimes resides in South Florida with his wife Kathleen, and their two children, Lauren and Alessandra.

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Timothy M. Kingston
Managing Director, Goldman, Sachs & Co

Tim Kingston joined Goldman Sachs in 1988 and was one of the founding members of the firm's Latin American Investment Banking effort. He currently serves as Chief Operating Officer of the Latin American Investment Banking Group with a particular geographic focus on Brazil and Chile. Mr. Kingston led the Corporate Finance team at Goldman Sachs that successfully managed the Initial Public Offering for Star Media Network completed in May of this year as well as the recent $204 million follow-on offering completed in October.
Mr. Kingston received his B.A. from Princeton University and his M.B.A. from Insead in Fontainebleau, France

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Jorge Castañeda
Professor of Latin American Economics, Universidad Autónoma de México.

Jorge G. Castañeda was born and raised in Mexico City. He received his B.A. from Princeton University and his Ph.D. from the University of Paris. He has been a professor of international affairs at the National Autonomous University of Mexico since 1978, and began a long term, half-time teaching appointment at New York University in September of 1997. He has advised the Mexican Government on foreign policy and was a Senior Associate of the Carnegie Endowment for International Peace in Washington, and a visiting professor at Princeton University, Dartmouth College and the University of California, Berkeley. His most recent book, La Herencia, Arqueologia de la Sucesion Presidencial en Mexico (Alfaguara, 1999) has sold more than 150,000 copies in Mexico. The book will be published in English by the New Press in 2000.

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Albert Fishlow
Chief Economist, Violy, Byorum & Partners

Albert Fishlow is Senior Economist at Violy, Byorum and Partners and Visiting Professor, Yale School of Management. He had been Paul A. Volcker Senior Fellow for International Economics at the Council of Foreign Relations until June 30, 1999. Prior to that he had been Professor of Economics at the University of California until June 1994. He also had been the first Dean of International and Area Studies there, as well as Professor of Economics and Director of the Center for International and Area Studies at Yale University from 1978-83. He served as Deputy Assistant Secretary of State for Inter-American Affairs in 1975-76, and has been a member of a number of public groups relating to Latin America. In 1999 he was awarded the National Order of the Southern Cross by the government of Brazil.

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Edward Schumacher
Managing Editor, Wall Street Journal Americas

Edward Schumacher is managing editor of the Wall Street Journal Americas. Beginning his journalism career as a reporter at the Quincy (Mass.) Patriot Ledger in 1973, Mr. Schumacher moved to the Philadelphia Inquirer as a reporter in 1977. From 1979 through 1987, he worked for the New York Times. He was New York City economic development reporter before becoming bureau chief in Buenos Aires and in Madrid, respectively. From 1988 through 1990, he was a free-lancer while working on a book on Vietnam. Born in Colombia, Mr. Schumacher received a bachelor's degree from Vanderbilt University, and a master's degree from the Fletcher Schol of Law and Diplomacy at Tufts University. From 1968 through 1971, he served in the U.S. Army.

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David Malpass
Chief International Economist, Bear, Stearns & Co.

David Malpass is Bear Stearns' Chief International Economist. He joined the firm in February 1993 and is a Senior Managing Director. Mr. Malpass writes frequently for publication, including periodic articles in the Wall Street Journal. Between 1984 and 1993, Mr. Malpass held senior posts in the U.S. government, including six years with Secretary James Baker at the Treasury and State Departments. He worked on international finance and economic issues and on U.S. budget, economic and trade legislation. He was a member of the government's Senior Executive Service and testified frequently before Congress. His appointments included Deputy Assistant Secretary of Treasury for Developing Nations, Deputy Assistant Secretary of State for Latin American Economic Affairs, Republican Staff Director of Congress's Joint Economic Committee, and Senior Analyst for Taxes and Trade at the Senate Budget Committee.

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Alejandro Werner
Managing Director, Economic Analysis, Central Bank of Mexico

Alejandro M. Werner has been the Director of Economic Studies at the Banco de México since July 1990. Previously, Werner has held positions as the Economist for the Banco de México (1996-1998); Economist with the International Monetary Fund (1995-1996); Visiting Assistant Professor at Yale University (1994-1995); Advisor to the Undersecretary of the Treasury of Mexico (1988-1990); Research Assistant to the Director of Research at the Banco de México (1988); Research Assistant at El Colegio de México (1987-1988). He is also currently a part-time professor at the Instituto Tecnológico Autónomo de México. Werner has written numerous scholarly articles, namely "Building Consensus for Stabilizations" from the Journal of Development Economics (1999); "Target Zones and Realignment Expectations: The Israeli and Mexican Experience" from the IMF Staff Papers (1996); "Realignment Expectations and the Optimal Target Zone" from El Trimestre Económico (1994).

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Robert R. Kaufman
Professor of Political Science, Rutgers University

Robert R. Kaufman received his PhD. from Harvard University, and has been a Professor of Political Science at Rutgers University since 1968. He has also been a Visiting Professor at Pennsylvania and Yale Universities, and since 1985, he has been a Research Associate of the Institute of Latin American and Iberian Studies at Columbia University. He is author of The Politics of Economic Stabilization in Argentina, Brazil, and Mexico (Berkeley Institute for International Studies,1988), co-editor of The Politics of Economic Adustment (Princeton University Press,1992),and co-author of The Political-Economy of Democratic Transitions (Princeton University Press, 1995). Recent work on Mexico includes "Attitudes toward Economic Reform in Mexico: the Role of Political Orientations," published in the American Political Science Review, June 1998. He is also a co-editor of a volume on economic reform in post-socialist countries, forthcoming from Cambridge University Press.

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Luis Carlos Ugalde
Chief of Staff, Embassy of Mexico to the United States

Luis Carlos Ugalde has held the position of Chief of Staff to Ambassador Reyes-Heroles since November 1997. He previously held the same position to the Secretary of Energy, (February-October 1997). Mr. Ugalde has also held positions at the National Bank for Public Works (1995); at Consultores en Decisiones Gubernamentales (1992 and 1994); and at the Economic Secretariat of the Office of the President of Mexico (1989-90). Mr. Ugalde has taught economics and political science at Instituto Tecnológico Autónomo de México, at the Centro de Investigación y Docencia Económicas and at the Matías Romero Institute for Diplomatic Studies. Mr. Ugalde earned his B.A. in Economics from the Mexican Autonomous Institute of Technology in 1990. He also holds a Masters in Public Administration (1992) and a Ph.D. in Political Science (1999) from Columbia University.

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Robert Devlin
Chief, Economic Integration Division, Inter-American Development Bank

Robert Devlin has been an economist at the Inter-American Development Bank since 1994, and currently is Chief of the Integration, Trade and Hemispheric Issues Division. Formerly, he had worked since 1975 with the United Nations Economic Commission for Latin America and the Caribbean, in Santiago de Chile; his last position was Deputy Director of the Division of International Trade, Finance and Transport. Devlin has a Ph.D. in Economics from American University, Washington D.C. He was a lecturer at the Johns Hopkins School for Advanced International Studies, in Washington, D. C., during the period 1987-1990. He has published four books and numerous articles in the area of international economics and economic development.

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Miguel Kiguel
Undersecretary of Finance, Argentina

Miguel Kiguel holds a Ph.D., from Columbia University (1983) and a degree in Economics from University of Buenos Aires (1976). Prior to his current position, Mr. Kiguel was Deputy General Manager for Economics and Finance at the Central Bank of Argentina, for the period 1994-1996. He has also served as Principal and Senior Economist for the Development Economics and Chief Economist Office at the World Bank. He was Assistant Professor at the University of Maryland, 1983-87, and an adjunct Professor at Georgetown University. He also taught at CEMA and Universidad Di Tella in Buenos Aires and Associate Economist at the Institute for International Economies (1983-84).

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Thomas Palley
Deputy Director of Public Policy, AFL-CIO

Thomas I. Palley is Assistant Director of Public Policy (Economics) at the AFL-CIO in Washington D.C. He holds a B.A. degree from Oxford University, and holds an M.A. degree in International Relations and a Ph.D. in Economics, both from Yale University. His areas of specialization are macroeconomic policy and the business cycle. He has published extensively in numerous academic journals. Some of his recent articles deal with the role of debt in the business cycle, and with the relation between inflation and unemployment. Post Keynesian Economics: Debt, Distribution and the Macroeconomy was published in1996 by Macmillan. Plenty of Nothing: The Downsizing of the American Dream and the Case for Structural Keynesianism was recently published by Princeton University Press.

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Gary Hufbauer
Senior Fellow, International Institute of Economics

Gary C. Hufbauer is currently the Reginald Jones Senior Fellow at the Institute of International Economics. He was formerly the Marcus Wallenberg Professor of Finance Diplomacy at Georgetown University 1985-92), Deputy Director of the International Law Institute at Georgetown University (1979-81); Deputy Assistant Secretary for International Trade and Investment Policy of the US Treasury (1977-79); and Director of the International Tax Staff at the Treasury (1974-76). He has written extensively on international trade, investment, and tax issues

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Ann Harrison
Professor of International Business and Trade, Columbia Business School.

Ann Harrison has a B.A. from UC Berkeley, a DEUG from the University of Paris, and received her PhD in Economics from Princeton University. She is currently Associate Professor of Economics and Finance at Columbia Business School, where she is also the Director of the International Business Program. Her published articles examine the impact of trade reforms on productivity, on labor markets, and on the prospects for long-run growth. She also has a number of publications which investigate the impact of foreign investment on technology transfer and host country wages. Professor Harrison was in the Young Professional Program at the World Bank, where she spent five years before joining Columbia Business School. She is a faculty research fellow at the National Bureau of Economic Research.

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Liliana Rojas-Suárez
Chief Economist & Managing Director, Latin America, Deutsche Bank

Liliana Rojas-Suárez is Chief Economist, Latin America, for Deutsche Bank Securities. In her present capacity, she is responsible for the assessment and forecast of economic and financial variables of all major Latin American countries. Ms. Rojas-Suarez directs and supervises the work of a team of economists both in New York and in individual countries in the region. Before joining Deutsche Bank, Ms. Rojas-Suarez was the Principal Advisor in the Office of Chief Economist at the Inter-American Development Bank. Between 1984-1994 she held various positions at the International Monetary Fund, most recently as Deputy Division Chief, Capital Markets. She also served as a Professor at Anahuac University in Mexico and an Advisor for PEMEX, Mexico’s National Petroleum Company. Ms. Rojas-Suarez holds a Ph.D. in Economics from the University of Western Ontario.

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Andrés Velasco
Professor of Latin American Economics, New York University

Andrés Velasco is the director of the Center for Latin American and Caribbean Studies and associate professor of Economics at New York University. He received a Ph.D. in Economics from Columbia University and has held visiting appointments at Harvard and the University of Chile. Former Chief of Staff to Chile's Finance Minister and Debt and Foreign Trade Negotiator, he has advised the governments of Ecuador, El Salvador and Mexico, and served as a consultant to the IDB, IMF, ECLAC and World Bank. Named by CNN/Time Magazine as one of the 50 Latin American leaders for the new millennium, Velasco has contributed articles to Time Magazine and is a columnist for Revista Capital and La Tercera. He was recently appointed Editor-in-Chief of the Latin American Economic Policy Review, to be launched in 2000.

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Jorge Mariscal
Director, Latin American Equity Research, Goldman, Sachs & Co.

Jorge O. Mariscal joined Goldman Sachs in January 1992. He is the chief investment strategist for Latin America and director of the Latin America Equity Research Group. He also coordinated the firm’s global emerging markets research and became a managing director in 1999. Previous to joining Goldman Sachs, he worked at The Nomura Research Institute as chief strategist and director of research for Latin America. In the 1999 Institutional Investor poll, the Goldman Sachs Latin America Research Team ranked #3 overall. From 1992-1993 and 1996-1999, Jorge was named to the Institutional Investor Latin America Research Team, and ranked #1 in the Reuters survey in 1998 for strategy. He received a Ph.D. from New York University in economics and international finance in 1986 and a B.A. in economics from Metropolitan University in Mexico City.

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Arturo Porzecanski
Chief Economist for the Americas, ING Barings

Arturo Porzecanski is the New York-based Managing Director and Americas Chief Economist at ING Barings, the investment banking arm of the ING Group, and the managing editor of the company's flagship publication, the "Emerging Markets Weekly Report". Prior to joining ING nearly six years ago, he was the chief emerging-markets economist at Kidder, Peabody & Co. and, previously, the chief economist at Republic National Bank of New York; a long-time senior economist at J.P. Morgan & Co. Inc.; a research economist at the Center for Latin American Monetary Studies in Mexico City; and a visiting economist at the International Monetary Fund. Arturo majored in economics at Whittier College and then earned M.A. and Ph.D. degrees in economics at the University of Pittsburgh.

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Michael Pettis
MBA ’84 / MIA ’81. Managing Director for Capital Market Strategy, B ear, Stearns & Co.

Michael Pettis is a Managing Director in Fixed Income Capital Markets at Bear Stearns, where he is responsible for assisting the bank’s international and domestic clients in designing an optimal capital structure. Pettis has been involved in emerging markets since 1987, when he joined the sovereign risk debt trading team at Manufacturers Hanover. He has also worked at CS-First Boston, where he headed the Emerging Capital Markets Group. In 1990-1991 Pettis was a senior member of the team that advised the Mexican government on the privatization of the banking system. In 1996 he advised the Republic of Macedonia on the restructuring of its international bank debt. Pettis has advised and arranged the debut bond offerings of a number of borrowers, including those of the governments of Argentina (1992), Venezuela (1994) and Trinidad and Tobago (1993), and several government agencies. Pettis is a professor of finance and international affairs at Columbia University’s Graduate School of Business and School of International and Public Affairs, where he teaches courses on emerging financial markets and external debt history. He has published articles on finance and economics in various books and periodicals and is currently working on a book on sovereign liability management. Pettis has received an MBA in Finance and an MIA in Development Economics from Columbia University.

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Eduardo Lora
Lead Economist, Inter-American Development Bank

Eduardo Lora is the Lead Research Economist of the Research Department of the Inter-American Development Bank. He holds an M.Sc. in Economics from the London School of Economics. He has been Associate Member of Saint Anthony’s College of Oxford University, Editor of Coyuntura Economica and Executive Director of Fedesarrollo, considered the most important think tank in Colombia. His numerous publications include a textbook on Economic Statistics, and an introductory textbook on the Colombian economy, now in its third edition. In its 100th Anniversary, The London School of Economics nominated him as one of its “Distinguished Alumnus”. Since he joined the IADB in 1996, he has been the coordinator of the annual report of the Bank, Economic and Social Progress in Latin America. His contributions for this report have included studies on structural reforms, income inequality, economic growth and social policies.

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Professor Meyer Feldberg
MBA ’65. Dean, Columbia Business School

Professor Feldberg received his BA at the University of Witwatersrand, his MBA at Columbia University, and his PhD at the University of Cape Town. He has been a visiting professor at the Cranfield School of Management in England, the Sloan School of Management at Massachusetts Institute of Technology and at INSEAD in France. Since 1989, Professor Feldberg has served as professor of management and dean of Columbia Business School. Dean Feldberg is a director of several major companies, including Federated Department Stores, Revlon, Inc., PRIMEDIA Inc. and PaineWebber Mutual Funds. In addition to his Board appointments, Dean Feldberg has served as a member of the Board of Governors of the International Institute of Education, the Advisory Committee for the American Council on Education, the Council on Competitiveness in Washington, D.C., and the Advisory Board of the Center for Addiction and Substance Abuse. He served as chairman of the National Advisory Council on Business Education of the Council on International Educational Exchange. Dean Feldberg is a member of the Economic Club of New York, the Economic Club of Chicago, the University Club of New York and the Chicago Club.

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Roberto Mendoza
Vice Chairman, J.P. Morgan

Roberto G. Mendoza is Vice Chairman and a Director of J.P. Morgan & Co. Incorporated and a member of the Corporate Office, the firm’s senior policy and planning group. He was named to these positions on January 1, 1990. He joined Morgan in 1967 and early in his career was assigned to the London office. He left in 1972 to pursue graduate studies and then returned to the firm’s New York office in 1975, working in international corporate finance. From 1980 to 1985 he headed the group that provided market services to clients, and then became head of the Mergers and Acquisitions group. He graduated from Yale University with a B.A. degree in History in 1967, and earned an M.B.A. degree from Harvard Business School in 1974.

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Hector Olea
Chairman, Comision Reguladora de Energia, Mexico

Dr. Olea is an economist from the Instituto Tecnológico Autónomo de México (ITAM). He earned his Masters and PhD in Economics at Rice University. With twenty years of experience in the public sector, he has collaborated in the Presidential Advisors’ Office, the Ministry of Finance (SHCP) and the Ministry of Trade and Industry (SECOFI). At the latter, he played an important role as negotiator in the GATT Uruguay Round, Mexico’s adhesion to the OECD and the free trade agreements with the U.S. and Canada (NAFTA), as well as several Latin American countries. During 1995, his first year as CRE Chairman, Dr. Olea held a prominent role in the design of the natural gas industry regulatory framework. Since then, he has been in charge of carrying this framework into effect and takes part in designing proposals for the structural reform of the electricity industry. He has been a professor at the ITAM, the Colegio de México and the Universidad Anáhuac, and he was awarded the Tlacaelel Prize in 1983, the National Economics Prize in 1989 and the Chihuahua Prize in 1990 for his outstanding research work.

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Richard Watt
Managing Director and Co Head of Emerging Markets, Credit Suisse Asset Management & Warburg Pincus

Richard W. Watt, Managing Director, is head of global emerging markets and chief investment officer for Latin American equities. Prior to joining in 1995, he was head of emerging markets investments and research at Gartmore Investment Limited in London; a Director of Kleinwort Benson International Investment in London; and a portfolio manager with the Lothian Regional Council, a public pension plan sponsor in Scotland. Mr. Watt holds a Diploma in Management Studies from Napier College, Edinburgh and an M.A. in Politics and Modern History from the University of Edinburgh.

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Nelson Fraiman
MBA ‘. Professor of Technology Management, Columbia Business School

Professor Fraiman, a native of Uruguay, teaches the core course Operations Management as well as the elective, Technology Management. He studies general areas of operations management and technology and has a strong interest on the effect e-commerce is having on the structure of industry and firms. He joined Columbia Business School in 1995 after a 17 year career in industry where his most recent position was chief technology officer for eight manufacturing divisions of International Paper. He has his BS, MS, MBA and Ph.D. all from Columbia University.

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Alberto J. Verme
MBA ’84. Managing Director and Head of Latin America Investment Banking, Salomon Smith Barney

Alberto Verme is a Managing Director of Salomon Smith Barney and Head of Latin America Investment Banking. He is also Chairman of the Latin America Operating Committee. Mr. Verme joined the Firm from Metallgesellchaft AG where he worked in London as President of MG Global Capital, the group’s merchant banking division, and in Madrid as the Chief Executive Officer of MG Valores, the group’s wholly owned Spanish broker / dealer. From 1983 until 1992, Mr. Verme worked for The First Boston Corporation, where he served as Director

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