Senior Management and Staff
CEO’s Office
Peter Stein
Chief Executive Officer
Peter Stein is the Chief Executive Officer of ASIFMA. Reporting to the Board of Directors, he leads the association’s vision and strategy as it advocates on behalf of its over 160 member firms for the efficient growth and development of Asia’s capital markets.
Prior to his role at ASIFMA, Peter took over as Managing Director of the Private Wealth Management Association (PWMA) in December 2016, and was also named CEO in July 2021. Established in 2013, PWMA is an industry association whose mission is to foster the growth and development of the private wealth management industry in Hong Kong.
Previously, Peter worked for UBS AG, where he served as Head of Regulatory Advisory & Relations, Asia Pacific and before that as Head of Group Governmental Affairs for Asia Pacific. Until 2011, Peter was a senior editor, reporter and columnist in Hong Kong with The Wall Street Journal, where he worked for more than 20 years. He was the Journal’s Hong Kong Bureau Chief from 2005-2011 and before that was Managing Editor of the Journal’s Asian edition.
Peter graduated with a BA in Comparative Literature from Yale University and speaks Mandarin, Cantonese and German.
Tel +852 2531 6510
pstein@asifma.org
Corliss Ruggles
Chief Operating Officer
Corliss Ruggles is the Chief Operating Officer of ASIFMA. She oversees the daily operations of the association in addition to managing the Communications, Human Resources and Events functions.
Corliss brings with her over 20 years of corporate and financial communications experience in Asia. She joined ASIFMA from Edelman, the world’s largest public relations firm, where she was Regional Director, Financial Communications, Asia Pacific for 12 years. At Edelman, Corliss led a team of financial communications professionals focusing on primarily large-scale, multi-market clients covering a wide range within the financial sector including investment banking, asset management, corporate banking, insurance, wealth management, professional services and private equity.
Prior to Edelman, Corliss was Group Communications Manager at J.P. Morgan (initially Jardine Fleming) where she covered all areas of the business on a region-wide basis. Before this, she was Regional Brand and Communications Senior Executive at Prudential’s Asia headquarters.
Corliss has a Bachelor of Commerce degree from Queen’s University in Canada.
Tel +852 2531 6530
cruggles@asifma.org
Celina Leung
Chief of Staff and Senior Manager – Technology & Operations
Board Secretariat
Tel +852 2531 6511
cleung@asifma.org
ASIFMA Asset Management Group (AAMG)
Eugenie Shen
Managing Director – Head of Asset Management Group
Eugenie Shen is Managing Director and Head of ASIFMA’s Asset Management Group (AAMG), which was established in February 2014 to represent the buy side of ASIFMA in the region. Eugenie runs a number of Committees within AAMG which focuses on China issues and regional investment (equities and fixed income and currency) and regulatory matters. She frequently interacts with regulators in the region such as China’s CSRC and SAFE, Hong Kong’s SFC, India’s SEBI and Singapore’s MAS.
Eugenie is a U.S. trained lawyer with more than 30 years of private practice and in-house legal experience across a wide range of institutions, industries and jurisdictions spanning Asia, the United States, Europe and Latin America. Prior to joining ASIFMA, Eugenie was managing director and chief legal officer of PineBridge Investments (the former AIG Investments) in Asia ex-Japan where she had legal and compliance responsibilities for multiple investment related entities/offices in Asia ex-Japan.
Other previous roles in Eugenie’s extensive career include: global general counsel of TTE Corporation, the television joint venture between China’s TCL Corporation and France’s Thomson group, which was among the first mainland Chinese companies to go global; general counsel of Morningside Technologies, Inc., a private investment firm which was one of the earliest foreign private equity investors in China; assistant director and head of the Hong Kong Stock Exchange’s China Listing Unit which oversaw the pioneer listing of Chinese H-share companies in Hong Kong; vice president and senior associate counsel at the New York head office of Chase Manhattan Bank; and associate at Shearman & Sterling’s New York and Hong Kong offices.
Eugenie is a member of the New York Bar and has a Bachelor of Arts degree from Cornell University and a Juris Doctor degree from Georgetown University Law Center. She is a founder of the Cornell Asian Alumni Association and served as a member of the Cornell University Council and the Cornell President’s Council of Cornell Women.
Tel +852 2531 6570
eshen@asifma.org
Compliance and Tax
Patrick Pang
Managing Director – Head of Compliance and Tax
Patrick Pang focuses on ASIFMA’s initiatives in compliance and tax and also works closely with various committees including Fixed Income, Equities and AAMG.
Patrick has over 25 years of industry experience. He joined ASIFMA from Credit Suisse in November 2012 with a wide range of banking experience spanning 20 years in structured finance products, including aircraft financing, capital structuring, single stock illiquid financing, direct principal investments, and other bespoke financing solutions. Additionally, Patrick possesses a wealth of experience in tax, accounting, legal documentation, transaction execution, and KYC/AML.
Patrick has held roles in the industry such as Director at Merrill Lynch, heading up the APAC Structured Equity Finance & Trading desk; Director at Deutsche Bank and part of the Strategic Equity Transactions Group; and Director at Citigroup, heading up the APAC Global Structured Solutions Desk. Prior to his career in banking, Patrick was a tax professional employed at Price Waterhouse and also a Vice President at Morgan Stanley Tax. He has spent time in the mining industry as well, consulting for a mining company in China.
A Chartered Accountant and Fellow of the Financial Services Institute of Australasia, Patrick also holds a Bachelor of Commerce degree from the University of Melbourne. He speaks English, Mandarin Chinese, Cantonese, and Bahasa Malaysia and Indonesia.
Tel +852 2531 6520
ppang@asifma.org
Equities
Lyndon Chao
Managing Director – Head of Equities and Post Trade
Lyndon Chao is Managing Director of ASIFMA’s Equities and Post Trade Division, responsible for ASIFMA’s Equities Committee, Equity Capital Markets Committee, Post Trade Committee and China Capital Markets Committee, helping the Industry advocate for reforms across markets in Asia. In addition, Lyndon also leads a number of working groups, including the India Equities Steerco, China Equities WG, Korea Equities WG, Proprietary Trading WG and the Listed Warrants WG.
Lyndon is a seasoned leader in financial services who before joining ASIFMA built a 26-year career with Morgan Stanley across several markets in the capacity of Managing Director spanning New York, Hong Kong, Beijing, Taipei and Shanghai, mostly serving as COO. Lyndon was also seconded by Morgan Stanley both to CICC for its initial launch as well as to CIC as a senior consultant. He then joined UBS to build a Shanghai Business Solutions Center as Managing Director/General Manager and, prior to ASIFMA, he was appointed Senior Advisor to Seikowave, a 3D imaging tech startup focused on disruptive technologies for the dental and energy sectors. He also served as Trustee on the Board of the Shanghai American School and remains a Protector on the SAS Investment Committee.
Born in Taiwan and raised in the US, Lyndon is fluent in English and Putonghua. He has an Executive MBA from the J.L. Kellogg Graduate School of Management, Northwestern University and Hong Kong University of Science And Technology (joint program with Kellogg) as well as a Bachelor of Science in Electrical Engineering degree from Northwestern University.
Tel +852 2531 6550
lchao@asifma.org
Fixed Income
Philippe Dirckx
Managing Director – Head of Fixed Income
Philippe Dirckx is the Managing Director, Head of Fixed Income at ASIFMA. Based in Hong Kong, he leads ASIFMA’s Fixed Income initiatives for its 140+ member firms across Asia.
Philippe Dirckx is an international banking executive with broad experience in banking, technology, and covering financial markets from trading to post-trade. He has also been recognised as an industry expert on market infrastructure developments with his focus being on the Asian region for the past 20 years,
Before joining us at ASIFMA, Philippe was the Founder and Managing Director of Senfinasia, providing consulting services to market infrastructures, financial Institutions and technology companies. Prior to this, he was Managing Director, Head of Markets & Initiatives Asia Pacific at SWIFT, and lead a team of industry experts responsible for driving the execution of SWIFT’s strategy in the region. Philippe was also the Programme Director for Australia’s New Payment Platform (NPP) responsible for the delivery of SWIFT infrastructure to the industry. Before joining SWIFT, Philippe was Managing Director and Regional Head of Intermediaries and Market Infrastructures with Citi Securities Services for Asia Pacific. Preceding that, he was Head of Asia Pacific for Euroclear and worked for Fortis in a variety of executive roles in both Europe and Asia.
Philippe holds a Master’s Degree in Economics from the Louvain-la-Neuve University, Belgium and an Executive Master’s Degree in Management from the Solvay Business School in Brussels.
FX
John Ball
Managing Director – Global FX Division – Asia Pacific
GFMA
John Ball is Managing Director of the GFMA’s Foreign Exchange Division and is closely associated with ASIFMA. He has more than 25 years’ experience of working in the industry in a number of different roles associated with FX and other derivative asset classes.
John joined the Global FX Division from Barclays Bank in August 2015. He was at Barclays in London for over 5 years where he was part of the FICC COO team with a focus on FX and covered a number of areas but focused on the regulatory agenda in the US, EU and Asia and its impact on the business. During this time he was actively involved in advocacy and responding to proposed regulation as well as designing and implementing solutions to meet new requirements.
Prior to Barclays, John was a Managing Director at Citigroup in London where he worked as the Regional Head of Global Markets Operations, EMEA, and spent 10 years with Standard Chartered Bank in Singapore where his last role was as Head of Wholesale Bank Operations covering both financial markets and transactional banking products.
John began his working career as a graduate engineer for British Steel before moving to Price Waterhouse Coopers. He is a Chartered Accountant and holds a Bachelor of Science degree from the University of Birmingham in the UK.
Tel +65 6622 5971
jball@gfma.org
Public Policy and Sustainable Finance
Diana Parusheva-Lowery
Managing Director – Public Policy and Sustainable Finance
Diana is Managing Director, Public Policy and Sustainable Finance at ASIFMA, the Asia Securities Industry & Financial Markets Association.
Based in Hong Kong, Diana is responsible for the strategy and direction of various initiatives under this cross-markets division. Diana is a native Bulgarian and holds Bulgarian and British citizenship. She has lived and worked in Europe, the Middle East and Asia, with over 20 years of experience across various countries, industries, and sectors. She started her career as a lawyer working for private banks and the financial sector regulator and then transitioned to specialize in European and Chinese decarbonization policies and sustainable finance.
During her career, she has worked for the Central Bank of Bulgaria, various UK Government Departments and Agencies, the European Commission and European Member States, International Development Banks, Law Firms, multinationals, investors, and asset managers assisting with the design, implementation, compliance, and assessment of policies and regulations.
Diana was involved in design and further development of flagship European policies like the EU Emission Trading Scheme, setting up and implementing the EU renewable energy targets and the design and evaluation of financial mechanisms supporting key European Initiatives. During her 5 years in China, she worked with regulators and policymakers from different sectors, supporting international economic relations and multinationals’ business cases. She is an experienced public speaker and contributor to open or subscription-based policy and macroeconomic forecasting platforms.
She holds Master of Law (LLM) from Sofia University St. Kliment Ohridski, Master of International Law from University College of London (UCL) UK and Master of International Economic Relations from Sofia University of National and World Economy.
Tech & Ops
Laurence Van der Loo
Managing Director – Technology & Operations
Laurence is Managing Director, Technology and Operations at ASIFMA, the Asia Securities Industry & Financial Markets Association.
Based in Singapore, Laurence is responsible for coordinating ASIFMA’s Operations and Technology efforts including regulatory implementation, cost efficiencies, KYC/AML, fintech, cyber and cloud. ASIFMA’s work in this area includes regulatory advocacy, driving harmonization and developing industry best practices in these areas. In addition, she oversees several of ASIFMA’s regional committees in India. These committees help develop and shape ASIFMA’s regulatory engagement to drive capital markets development in India. Laurence also supports the CEO team with ASIFMA’s corporate governance and board processes.
Laurence has 15 years of experience in the financial services industry. Prior to joining ASIFMA in 2016, she was responsible for European business development at Vistra Hong Kong, assisting foreign companies and funds to set up in Asia. Before that, she managed a portfolio of Natural Resources Companies at ING Corporate Banking in Brussels, working on numerous ECM, DCM, securitisation and syndicated loan deals for her clients.
Laurence holds a Master Degree in Business Economics from the University of Ghent, and a Master Degree in International Business from EAE Business School. She is fluent in English, Dutch and French.
Tel +65 6622 5972
lvanderloo@asifma.org
Celina Leung
Chief of Staff and Senior Manager – Technology & Operations
Tel +852 2531 6523
cleung@asifma.org
