Out of the Shadow of China: A Focus on Southeast Asian Emerging Markets
Original Broadcast Date: Tuesday, March 13, 2012
As the world economy limped out of the recession, Southeast Asia has emerged as the rising star of the global market. After decades in the making, economic, political and market factors -- combined with a landscape more focused now than ever on attracting capital and development -- have converged to create a matured environment ripe with opportunity though still fraught with complexity and challenges. Among the Southeast Asian countries, Indonesia, Malaysia, Thailand, the Philippines, and Vietnam are growing faster than others. Foreign investors have been looking to capitalize on revenue opportunities and operational advantages by expanding into this region. With momentum shifting towards Southeast Asia, early movers stand to reap the benefits. Opportunities, however, are not risk-free. Successful market entry and sustaining profitable operations in Southeast Asia require awareness and appreciation for doing business in these emerging markets as well as navigating the legal and compliance challenges unique to each country.
This webcast will discuss the conditions that have made this region the focus of increased investor attention and the areas of opportunities in the region. Discussions will also include the risks associated with these opportunities, operating models employed, as well as operating conditions when doing business in Southeast Asia. Risk areas for discussion will also include key legal and compliance areas, including corruption matters, third party and business partner diligence, M&A risks, and intellectual property concerns.
- Matthew Ricciardi
- Chief Counsel- Public Company & Corporate Law
Matthew Ricciardi is Metlife's Chief Counsel of Public Company & Corporate Law. Mr Ricciardi joined MetLife in 2008 and is responsible for legal aspects of MetLife's M&A, SEC reporting and capital markets/corporate finance activities.
Prior to joining Metlife, Mr Ricciardi practiced M&A and securities law in Cleary, Gottlieb, Steen & Hamilton between 1992-1995 and in Dewey & LeBoeuf's 1995-2008. He was admitted partner in 2001.
Mr Ricciardi received A.B. from Princeton University and Juris Doctor degree (J. D.) from Yale Law School.
- Thomas P. O'Brien
- Partner, Litigation Department
- Paul Hastings
Thomas P. O’Brien is a litigation partner with Paul Hastings in Los Angeles, where he leads the firm’s White Collar practice on the west coast. He focuses his practice on representing clients in federal and state investigations, including Foreign Corrupt Practices Act (“FCPA”), False Claims Act (“FCA”) and other corporate compliance matters, international business disputes, and high-stakes civil litigation. Mr. O’Brien has vast experience as a trial attorney, having tried 85 cases, both criminal and civil, in federal and state court.
Since joining Paul Hastings, Mr. O’Brien has represented national and multi-national companies in civil actions with billions of dollars in dispute, federal and state government inquiries and grand jury investigations, and led complex corporate internal investigations. Mr. O’Brien has also successfully represented individual corporate leaders and foreign heads of state in civil, criminal, and regulatory proceedings. Prior to joining Paul Hastings in October 2009, Mr. O’Brien served as the United States Attorney for the Central District of California. Mr. O’Brien was responsible for all federal criminal and tax investigations and prosecutions, as well as all civil matters involving the United States, in the largest federal district in the country. In addition, Mr. O’Brien sat on the President’s Corporate Fraud Task Force, and was Chair of the Attorney General’s Advisory Committee’s Cyber/Intellectual Property Subcommittee. Mr. O’Brien was the first sitting United States Attorney in 25 years to conduct a criminal jury trial, and the first in memory to try a civil case.
Prior to being selected as the United States Attorney, Mr. O’Brien served for more than two years as the Chief of the Criminal Division. In that capacity, Mr. O’Brien oversaw several high-profile espionage cases; helped bring the first treason case in the nation since World War II; supervised several high-profile public corruption and civil rights cases; charged several cyber crime statutes which had not been charged in the nation; and executed some of the largest fraud cases in the United States.
Over the past several years, Mr. O'Brien has been publicly recognized for outstanding performance on numerous occasions, and has received awards from many different organizations
Mr. O’Brien received his J.D. from the University of San Diego School of Law (Associate Editor, San Diego Law Review; cum laude) in 1993 and his B.S. from the U.S. Naval Academy in 1981. He is a member of the State Bar of California.
- Harry Broadman
- Chief Economist & Leader of the Emerging Markets, Governance, and International Investment
& Trade Practice Group
- PwC LLP
Harry G. Broadman is PwC’s Chief Economist and the Leader of PwC's Emerging Markets Practice, which provides operational advice to corporate as well as sovereign clients on how to develop and implement strategies that maximize new market opportunities and mitigate risks.
Dr. Broadman is globally recognized as a seasoned practitioner, policy‐maker, negotiator and thought-leader on foreign investment and international trade transactions; antitrust, competition policy and utility regulation; privatization and enterprise restructuring; supply chain management; international finance; and corporate governance and public-sector anti‐corruption strategies. Over the past 30 years, he has focused on this set of issues working throughout the emerging markets, especially China, Russia, India, Eastern Europe, Central Asia, the Balkans, sub-Saharan Africa, Latin America, Vietnam, Thailand, and Mongolia. He has held senior positions in the private sector, international financial institutions, government, think tanks, and academia.
Prior to coming to PwC, Dr. Broadman was Managing Director of The Albright Group LLC, a global consultancy, and Chief Economist of Albright Capital Management LLC, a registered emerging markets investment fund. Earlier, he was a senior official at the World Bank Group, working in three regions: China; the Balkans and throughout the former Soviet Union; and Africa. Before coming to the World Bank he served in the Executive Office of the President as Assistant United States Trade Representative, where he oversaw all global and regional trade and investment negotiations in the services sectors—from aviation to finance to telecoms to shipping—as well as all negotiations on foreign direct investment provisions during the creation of the WTO. He was also responsible for negotiation of all US Bilateral Investment Treaties and he sat on the Board of the Overseas Private Investment Corporation (OPIC). In this position he also sat on the White House Committee on Foreign Investment in the US (CFIUS). Previously, Dr. Broadman served in the White House as Chief of Staff and Senior Economist on the President’s Council of Economic Advisers. Before that, he worked in the US Senate, as Chief Economist of the Committee on Governmental Affairs. Prior to his government service, Dr. Broadman was Assistant Director of Resources for the Future, Inc.; a Consultant at the Rand Corporation; and a Fellow at the Brookings Institution. During his academic career, he served on the faculties of Harvard University and The Johns Hopkins University.
Dr. Broadman received an AB in economics and history, magna cum laude, from Brown University, where he was elected to Phi Beta Kappa, and received a PhD in economics from the University of Michigan.
He is a lifetime Member of the Council on Foreign Relations; a Member of the Bretton Woods Committee; a Member of the Board of Advisors of the Global Business School Network; and a Member of the Board of Partners for Democratic Change, Global.
Dr. Broadman has authored numerous refereed articles published in professional journals and multiple books, his most recent being: Africa's Silk Road: China and India's New Economic Frontier.
- Sandee Parrado
- Director, Forensic Services Practice
- PwC LLP
Sandra Maria T. Parrado has over 15 years of experience in providing advisory services. She is a Director in the New York office of PricewaterhouseCoopers LLP and leads a variety of engagements, with a focus on investigations of fraud and forensic accounting matters, FCPA-related investigations, and compliance controls analyses and pre-merger due diligence.
Ms. Parrado's experience in matters related to foreign corrupt practices, including investigations, compliance controls, pre-merger due diligence, audit program development and execution, as well as training development and delivery, has involved multi-national companies in aerospace and defense, industrial products, consumer products, and technology industries. Her FCPA engagements and investigative experiences have focused on a number of high risk regions in Asia, Eastern Europe, and Africa.
Ms. Parrado has a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania. Her concentrations were in Finance, Accounting, and Operations & Information Management. Ms. Parrado is a Certified Public Accountant.