Club Book Launch: ”The Next Revolution in our Credit Driven Economy: The Advent of Financial Technology”

Tuesday, September 15, 2015
5pm – 6:30pm
Verandah

Author: Paul Schulte
Chairman, Schulte Research
Former Head of Global Strategy for CCB Intl. Securities

This book explored the ways in which credit was being choked off by the excessive credit creation of the 2000s, and shows how these crises were predictable and indeed, how the financial system was designed to create black swans.

In the wake of the global financial crises, thousands of talented people were fired from financial institutions. These people decided to harness the many new technologies that were being created and replicated the services of traditional investment and commercial banks as well as money management and credit ratings.

The world of financial technology was revolutionizing the ways we created credit and the ways in which financial services were melding with social networks, sensor data, and browsing to offer specific products based upon people’s actions, lifestyle choices and relationships.

Paul Schulte created the Far East Research for Credit Suisse from scratch in 1992 and created the Asian strategy and banks team for Lehman Brothers in 2005. In Institutional Investor’s 2010 investor poll, he received top 3 rankings in the All-Asia Banks Team, Asia Equity Strategy Team and Asia Economics Team. He was the Chairman of Schulte Research, an independent research company which advised private funds, sovereign wealth funds, consulting firms and banks on developments in GEMS banks. His last post was as Head of Global Strategy for CCB Intl. Securities. He had 17 years of teaching in MBA programs including courses in capital markets, financial technology, corporate credit and banking at HKU, UST, Northwestern, FGV (Rio), London Business School, Fudan (Shanghai), Tsinghua (Beijing), NYU and Tufts.