Education Qualifications

Ph.D., Finance, University of Washington, 1988 B.Acc (Hons), Accountancy, University of Singapore, 1977

Academic and Professional Experience

Director, NUS CFA Program Partnership, 2007 Visiting Scholar, UCLA, USA, Winter 2002 - Spring 2002 Visiting Scholar, Cornell University, USA, Fall 2001 Visiting Scholar, Swiss Institute of Banking & Finance, University of St. Gallen, Switzerland, Summer 1998 Chartered Financial Analyst, (CFA), 1995 Certified Public Accountant, (CPA), 1990 Fellow, Institute of Certified Public Accountants, (FCPA), 2004 Vice-Dean (Academic Affairs, Finance, Admin), NUS Business School, 1999 - 2001 Associate Professor of Finance, National University of Singapore, 1998 - present Senior Lecturer, National University of Singapore, 1991 - 1998 Lecturer, National University of Singapore, 1988 - 1991 Senior Tutor, National University of Singapore, 1983 - 1988 Assistant Manager, Raffles City (Pte) Ltd, 1980 - 1983 Assistant Treasurer, DBS Bank, 1977 - 1980

Selected Publications

Journal Articles

Initial Public Offerings of State-Owned Enterprises: An International Study of Policy Risk, with Ruth Tan Seow-Kuan and Glenn Wee Tsao-Min, Journal of Financial and Quantitative Analysis, 42(2), 313-338, 2007 Globalization and Stock Market Returns, with William Wee-Lian Ang, Global Economy Journal, 6(1), 1-16, 2006 Do Executive Stock Option Grants have Value Implications for Firm Performance?, with Bey-Fen Chng, Review of Quantitative Finance and Accounting, 26(3), 249-274, 2006 Information Asymmetry and Estimation Risk: Preliminary Evidence from Chinese Equity Markets, with Jing Du, Pacific-Basin Finance Journal, 12, 311-331, 2004 Pricing System and the Initial Public Offerings Market: A Case Study, with Winnie Yap, International Review of Economics and Finance, 7(3), 297-313, 1998 Control Versus Firm Value: The Impact of Restrictions on Foreign Share Ownership, Financial Management, 26(1), 48-61, 1997 A Note on Capital Market Segmentation: New Tests and Evidence, with Hoe-Soon Pak, Pacific-Basin Finance Journal, 1(3), 263-276, 1993 Information Risk and Initial Public Offerings: An Empirical Investigation, Applied Financial Economics, 2, 93-98, 1992 Venture Capital Financing: A Conceptual Framework, Journal of Business Finance and Accounting, 18(2), 137-149, 1991

Conference Papers

Are Earnings Surprises Related to Earnings Restatements?, with Yew Kee Ho and K.S. Low, 20th Asia Pacific Conference on International Accounting Issues, 2008 Vernon Zimmerman Best Paper Award

Membership And Professional Activities

Standard Setter, Grader and Trainer, CFA Institute, U.S.A. Associate Editor, The Review of Financial Markets, 1996-1999 Associate Editor, Asia Pacific Journal of Management, 1990-1995 Member, Program Committee, 1997 FMA Annual Meetings, Hawaii, October 15-18, 1997 Member, NUS Investment Committee, 2000-2006 Member, Board of Management, NUS Academic Staff Provident Fund, 2000 ~ 2007 Vice-Chairman, Investment Committee, Ferrell Asset Management Pte Ltd, Singapore Member, Yeung Ching Foundation, Singapore Member, Singapore National Committee for Pacific Economic Co-operation Council for Financial Markets Development, 1996-1997 Member, American Finance Association, U.S.A Member, The Singapore Society of Financial Analysts Member, Institute of Certified Public Accountants of Singapore Vice Chairman, NUS Extension Academic Advisory Board, 2008-

Consultation and Executive Experience

UBS AG, Singapore & Hong Kong Citibank, N.A., Singapore Overseas Union Bank, Singapore Deutsche Bank, Singapore The Government of Singapore Investment Corporation, Singapore Maybank, Singapore The Hong Leong Group of Companies, Malaysia Program Director and Instructor, Accounting & Finance for Non-Finnancial Managers Program, 1993-1999 Instructor, NUS Executive Development Program, Financial Management Program, 1989-1998 Instructor, NUS Mandarin Executive Development Program-Central Banking & Financial Markets,1994-1995

Research Interests

Equity Analysis and Valuation Investment Management Venture Capital & Initial Public Offerings Private Equity and Hedge Funds Policy Risk Corporate Governance

Courses

Investment Analysis and Portfolio Management Corporate Finance Fundamentals of Portfolio Management Fundamentals of Derivative Analysis Investment Banking Private Equity Seminars in Finance