Business

Tuesday October 6, 2009

Accolade for Zeti and Nazir


They are recognised as key figures in shaping the rise of emerging markets

PETALING JAYA: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz and CIMB group chief executive Datuk Seri Nazir Razak have been identified as key figures shaping the rise of emerging markets, according to an article in Emerging Markets (EM).

In its report on Sunday, EM examined the shift in the balance of global financial power that had accompanied the rise of emerging markets and profiled 40 emerging world political, financial and business leaders who would best represent this transformation.

EM, the newspaper of record for the annual International Monetary Fund, World Bank and regional development bank meetings, listed Zeti and Nazir under the “Growth and Consumption” and “Industry & Trade” categories respectively in The EM Power 40 report.

“Today most major emerging market economies are bouncing back, resuming their ascent through ever growing stockpiles of currency reserves and sovereign wealth, a bigger share of global output and rapidly developing domestic markets,” the report said.

“It’s precisely the apparent resilience of these economies which their proponents – in financial markets and the policy sphere alike – are now taking as vindication of their long running argument: that the centre of gravity of financial power is moving eastward.”

EM said it derived its “non-exhaustive” report by analysing the forces underlying the economic and financial empowerment of the emerging regions, including governance and reform, trade and investment, capital and regulation and growth and development.

THE EM POWER 40

The emerging world political, financial and business leaders who best represent the transformation of emerging markets.

Governance and Reform
The rise of the EM voice

Sri Mulyani Indrawati, Finance Minister, Indonesia
Ali Babacan, Deputy Prime Minister, Turkey
Alexei Kudrin, Deputy Prime Minister, Russian Federation
Mohammed bin Rashid Al Maktoum, Ruler of Dubai
Vice-President and Prime Minister, UAE
Hugo Chavez, President, Venezuela
Luiz Inacio Lula da Silva, President, Brazil
Vladimir Putin, Prime Minister, Russian Federation
Manmohan Singh, Prime Minister, India
Hu Jintao, President, People’s Republic of China

Industry & Trade
The rise of the EM corporate

Jose Sergio Gabrielli, CEO Petrobras
Jiang Jiemin, General Manager, CNPC
Ali Al-Naimi, Minister of Petroleum & Mineral Resources, Saudi Arabia
Igor Sechin, Deputy Prime Minister, Russian Federation
Ratan Tata, Chairman, Tata Group
Carlos Slim, Chairman, Telmex and America Movil
Jiang Jianqing, Chairman, Industrial and Commercial Bank of China
Jacko Maree, Group Chief Executive, Standard Bank
Datuk Seri Nazir Razak, Chief Executive, Commerce International Merchant Bankers

Capital Investment
The rise of EM wealth

Liu Mingkang, Chairman, China Banking Regulatory Commission
Yi Gang, Administrator, State Administration of Foreign Exchange, People’s Republic of China
Zhou Xiaochuan, Governor, People’s Bank of China
Ho Ching, Chief Executive, Temasek
Lou Jiwei, Chairman, China Investment Corp
Sheikh Ahmed bin Zayed Al Nahyan, Managing Director, ADIA
Prince Alwaleed bin Talal, Chairman, Kingdom Holding Co
Omar bin Sulaiman, Governor, Dubai International Financial Centre
Arminio Fraga Neto, Chairman, BM&F Bovespa
Guillermo Ortiz, Governor, Bank of Mexico
Henrique Meirelles, Governor, Central Bank of Brazil

Growth and Consumption
The rise of the EM consumer

Tan Sri Dr Zeti Akhtar Aziz, Governor, Bank Negara Malaysia
Mohammad Al Jasser, Governor, Saudi Arabian Monetary Agency
Montek Singh Ahluwalia, Deputy Chairman, Indian Planning Commission
Trevor Manuel, Minister, National Planning Commission, South Africa
Zhang Ping, Director, National Development and Reform Commission, China
Yang Chao, Chairman, China Life Insurance German Gref, Chairman, Sberbank
Chanda Kochhar, Chief Executive, ICCI
Roberto Setubal, Chief Executive, Itau Unibanco
Sheikh Nizam Yaquby, Islamic finance scholar
Muhammad Yunus, Founder, Grameen Bank

 
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