Investment Manager; Author, Lords of Finance: The Bankers Who Broke the World
Under Secretary for Economic, Energy and Agricultural Affairs, US Department of State
CHRISTOPHER M. HYZY
Managing Director and Chief Investment Officer, U.S. Trust, Bank of America Private Wealth Management
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Liaquat Ahamed is an investment manager and author of the best seller Lords of Finance: The Bankers Who Broke the World, about the lead-up to the Great Depression. The book won the 2010 Pulitzer Prize for History, the Council on Foreign Relations Arthur Ross Gold Medal for 2010, the 2009 Financial Times-Goldman Sachs Best Business Book of the Year, and was selected by The New York Times and TIME magazine as one of their top ten books of 2009.
Ahamed has been a professional investment manager for 25 years; he has worked at the World Bank and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive. He is currently an adviser to several hedge fund groups including the Rock Creek Group and the Rohatyn Group; he is a director of Aspen Insurance Co., and serves on the boards of trustees of the Brookings Institution and the New America Foundation.
The Honorable Robert D. Hormats
Bob Hormats was sworn in as Under Secretary of State on September 23, 2009.
Bob was formerly vice chairman of Goldman Sachs (International). He joined Goldman Sachs in 1982.
Bob served as Assistant Secretary of State for Economic and Business Affairs from 1981 to 1982, Ambassador and Deputy U.S. Trade Representative from 1979 to 1981, and Senior Deputy Assistant Secretary for Economic and Business Affairs at the Department of State from 1977 to 1979. He served as a senior staff member for International Economic Affairs on the National Security Council from 1969 to 1977, where he was senior economic advisor to Dr. Henry Kissinger, General Brent Scowcroft and Dr. Zbigniew Brzezinski. Bob was a recipient of the French Legion of Honor in 1982 and the Arthur Fleming Award in 1974.
Bob has been a visiting lecturer at Princeton University and served on the Board of Visitors of the Fletcher School of Law and Diplomacy and the Dean’s Council of the John F. Kennedy School of Government at Harvard University. He is also a member of the Council on Foreign Relations.
Bob’s publications include The Price of Liberty: Paying for America's Wars from the Revolution to the War on Terror; Abraham Lincoln and the Global Economy; American Albatross: The Foreign Debt Dilemma; and Reforming the International Monetary System. Other publications include articles in Foreign Affairs, Foreign Policy, The New York Times, The Washington Post, The Wall Street Journal, American Banker and The Financial Times.
Bob earned a BA with a concentration in economics and political science from Tufts University in 1965. He earned a MA in 1966 and a PhD in International Economics in 1970 from the Fletcher School of Law and Diplomacy.
Christopher M. Hyzy
Christopher Hyzy is managing director and chief investment officer at U.S. Trust, Bank of America Private Wealth Management. In this role, he develops, manages, and oversees the investment process; determines the investment view of the firm; and develops and manages its asset allocation strategy and investment policies. He also is responsible for the development and execution of investment strategy including overall portfolio management, specialty asset management, institutional investment, wealth structuring, and trading for U.S. Trust. Previously, he served as chief investment strategist for U.S. Trust. Prior to joining U.S. Trust, Hyzy was chief investment officer and head of product strategy for the Latin American market region of Citigroup Private Bank. Prior to Citigroup, Hyzy had a 13-year tenure at Merrill Lynch. In his latest position there, he was director of Merrill Lynch’s Investment Policy Group and head of the Investment Committee for International Private Clients.
Gillian Tett is the US managing editor of the Financial Times, where she leads the editorial development of the paper’s US edition and of US news on FT.com. During her nearly 20 years at the publication, she has served in a number of capacities, including capital markets editor, deputy editor of the Lex column, Tokyo bureau chief, and a reporter in London. She won Journalist of the Year in 2009 and Business Journalist of the Year in 2008, both from the British Press Awards. In 2007 she was awarded the Wincott prize, the premier British award for financial journalism, for her capital markets coverage. She is the best-selling author of Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe; and Saving the Sun: A Wall Street Gamble to Rescue Japan from its Trillion Dollar Meltdown, which won Financial Book of the Year at the inaugural Spear’s Book Awards in 2009.
Author Liaquat Ahamed and State Department official Robert Hormats debate the significance for America of China's apparently imminent rise to global dominance. Ahamed wonders if it's really so important to be the world's #1 economic power, while Hormats warns that the underlying differences between the two cultures could prove problematic.