Director, DAC Management (China)
Member of the Financial Services Council
Joshua Kurtzig is a Director at DAC Financial Management (China), a China-focused alternative investment manager that was established in 2002 and represented the first non-Chinese investors to purchase an NPL portfolio in China from AMCs. Mr. Kurtzig's experience in the financial services industry includes time spent at the Citigroup, PricewaterhouseCoopers, and the International Monetary Fund. Previously, Mr. Kurtzig was the Director of Financial Advisory Services at Stonebridge International, a Beijing-based advisory firm, where he provided market entry strategies and investment consulting to large international investors. Earlier, he was a Managing Partner at Shanghai Global Partners, a boutique investment management and corporate finance advisory firm. At SGP, Mr. Kurtzig was responsible for structuring transactions, valuation advisory, and client and investor relations. He was also previously a Director at Kreab/Strategy XXI, a New York-based strategic communications consultancy specialized in corporate and financial communications and public affairs. He is also the Head of the Financial Services Forum in China and frequently contributes to the China Economic Quarterly. (This is me - Update Profile)
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Can NYSE and NASDAQ make it in China?
December 11, 2007
Nasdaq-NYSE Rivalry Comes to China | www.businessweek.com
NASDAQ and NYSE have finally opened offices in China after years of regulatory hurdles. They face stiff competition, not only from other overseas exchanges (London, Singapore, Frankfurt), but also from domestic exchanges like Shanghai, Shenzhen, and Hong Kong. Local policies and politics favor these exchanged over NASDAQ and NYSE.
China Cracks Down on Foreign Private Equity
July 12, 2007
Curb on Chinese bank stakes signalled | www.ft.com
This week, China blocked a bid by private equity fund Carlyle to take a stake in a city commercial bank. This reflects a new phase of development for China's banking sector. Foreign financial sponsors will now be able to invest only in those parts of the financial that lack both capital and sufficient domestic interest.
China's QDII: Banks get the green light
May 18, 2007
China to Let Banks Buy Stocks Overseas for First Time | www.bloomberg.com
China's qualfied domestic institutional investor (QDII) initiative has now been expanded to allow Chinese banks to invest their QDII quota in foreign equities. The impact of this development is, however, likely to be muted as investors continue to both pour money into Chinese domestic equity markets and foresee an appreciation of the yuan. For foreign financial institutions, expansion of the QDII may lead to opporutunities to promote their equity-linked products in China.
| Study Group Name | No. Members |
|---|---|
| TMT Council Members in Member Programs | 16437 |
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Council Members who Consult for Institutional Investment Firms | 667 |
| Medical Geneticists (US) | 85 |
November 20, 2009 | Hong Kong
Seminar: China Non-Performing Loans (NPLs) - Feast or Famine? (Hong Kong)January 8, 2008 | New York
GLGi: Financial Services Industry in ChinaNovember 8, 2007 | Hong Kong
GLGi: China's Financial Sector - Winners and Losers