IDEAfirst Research Capabilities
Advisory Board

Another measure of IDEAglobals' importance within the industry has been the firm's ability to attract the high caliber expertise of Professor Doctor Helmut Schlesinger, former president of the Bundesbank, Mr.Ng Kok Song, Managing Director of the Government of Singapore Investment Corporation. The role of the IDEAglobal Advisory Board is twofold. First, the board provides long-term guidance on markets and economic trends to IDEAglobal's senior economists, strengthening the depth and credibility of forecasts. Second, and perhaps more importantly, through its experience, contacts, and participation in IDEAglobal's conferences, the board acts as a bridge between global policy makers and the financial markets.

Helmut Schlesinger
Professor Schlesinger joined IDEAglobal's advisory board in May 1995. He was formerly the president of the Deutsche Bundesbank and was chairman of the Central Bank Council from 1991 to 1993. Prior to that, Professor Schlesinger served in a variety of positions, including head of the research and statistics department, member of the board, and deputy president of the Deutsche Bundesbank. He also served as deputy chairman of the Central Bank Council, as well as a researcher at the IFO Institute for Economic Research. Professor Schlesinger received a doctorate in economics from the University of Munich. He is currently an economic advisor to the German finance ministry.

Ng Kok Song
Mr. Ng, managing director of the Government of Singapore Investment Corporation, joined the board in 1997. At the GIC, Mr. Ng is responsible for global asset allocation and global currency risk management, as well as for the operations of the equities department, bond department, foreign exchange unit, economics department, and client services. He previously held positions at the Monetary Authority of Singapore, including director of the international department and of the banking department.

Lord Nicholas Stern
Author of the seminal Review on the Economics of Climate Change and former Chief Economist at the World Bank, currently the IG Patel Professor of Economics and Government at the London School of Economics, heading a new India Observatory within the LSE's Asia Research Centre and also a Visiting Fellow of Nuffield College, Oxford. He was Adviser to the UK Government on the Economics of Climate Change and Development, reporting to the Prime Minister from 2003-2007.

Professor Lord Desai
Meghnad Jagdishchandra Desai was born on 10th July, 1940 in Baroda, India. He studied at the University of Bombay, and wrote his PhD at the University of Pennsylvania. On 30 April 1991, he was created Lord Desai of St Clement Danes. Lord Desai has taught at the London School of Economics since 1965, he was made a Professor of Economics in 1983, and he established the Centre for the study of Global Governance in 1992. He joined the IDEAglobal Advisory Board in 2006.

IDEAglobal Analysts
Shandi Modi, Founder, CEO
Mr Modi has more than 18 years experience in the financial markets, as advisor to governments, policy makers, hedge funds and proprietary traders. He founded IDEAglobal as well as IDEAcarbon. Mr Modi was awarded an Honorary Fellowship by the London School of Economics in recognition of his services to the financial industry.

Email: smodi@ideaglobal.com
Tel: +44 207 664 0200

Mike Gallagher, Senior Partner, Managing Director (London), Director of Research
Michael has spent 15 years working on high level European policy and market issues. He has worked through the years with many Central Banks and Governments providing guidance on policy and financial market movements. He has also articulated this intelligence and IDEAglobal's cutting edge views to senior figures in the hedge fund and banking communities

Email: mgallagher@ideaglobal.com
Tel: + 44 207 664 0203

Josef Karasin, Head of Emerging Markets Research
Josef has had extensive experience in economic research and strategy stretching over nearly two decades in the financial markets, in both investment management and on the sell-side. He also has policy experience gained at the Bank of England. Most recently, he was responsible for generating alpha in the EM universe for a major institutional investor.

Email: jkarasin@ideaglobal.com
Tel: +44 207 664 0246

Josh Stiles, Partner, US Fixed Income Product Manager
Josh has more than 20 years experience (he has been part of the US bond market both in the Volcker and Greenspan era) as a trader/arbitrageur in the government and agency bond market. As a research analyst he provides the optimal balance that we strive for in our Fed policy and US interest rates calls. Josh provides analysis on the Fed's intentions and the administration's fiscal directives - further translating this analysis into trading strategies.

Email: jstiles@ideaglobal.com
Tel: + 1 212 835 1321

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