Thomas A. Myers, CPA
Founder, President, and Chairman
Thomas A. Myers is president and chairman of China Trade Institute, Inc., an affiliate of T.A. Myers & Co., an internationally recognized, Denver-based firm of certified public accountants and other professionals that specializes in complex financial analysis both domestically in the U.S. and worldwide. He has been a commentator on China Radio International and China Central TV ("CCTV") dealing with sophisticated financial issues and has been interviewed by the Global Times Beijing, on China corporate reporting issues. Mr. Myers lectured recently in Geneva, Switzerland at an international forum on financial reporting ethics and the financial crisis. He also provided a keynote address at a symposium dealing with the Law and Business Ethics in Beijing, China as well as a recent presentation at the Silk Road Conference in Chicago on Chinese Entrepreneurship. He is a senior fellow of the International Institute for Sustainable Development ("IISD"), a Swiss think tank based in Geneva and Canada, and has consulted widely on global economic matters. In December 2012, Mr. Myers delivered a keynote address on financial system ethical reform at the 30th anniversary of the University of International Business and Economics in Beijing, China. He has been appointed senior advisor to the Center for North American Studies at the Institute of Regional Studies, University of International Business and Economics ("UIBE") and is currently working on a chapter on foreign direct investment and the capital markets in the United States for a text published by the Institute of Regional Studies at UIBE.
Mr. Myers also has a respected profile in the global Islamic finance community and recently delivered a keynote lecture on Islamic finance principles and their relevance to a more sustainable international financial system at one of the most reputable and popular Islamic finance conferences in the world held at Durham University in the UK. He is a frequent collaborator on China/Arab economic relations. In a trip sponsored by the National Bank of Abu Dhabi, Mr. Myers met with leading Islamic finance figures from the United Arab Emirates and the Gulf Coast region in preparation for a white paper to be released by IISD this summer on Islamic finance. Mr. Myers is also closely aligned with the Center for International Business Ethics in Beijing, China and allied with its mission to support ethical business practices in China and worldwide. A vocal critic of the Wall Street status quo and the negative role of Wall Street in the financial crisis, Mr. Myers’ detailed commentary on Wall Street abuse was published recently in the Journal for International Business Ethics, Beijing, China.
Mr. Myers was also the moderator of a worldwide panel of economists that has developed a position paper on the "New Global Reserve Currency," which was presented at the conference on global ethics in Geneva, Switzerland this past summer. Myers has been a frequent critic of the role of U.S. deficits and of the U.S. dollar as world reserve currency.
Mr. Myers is a prolific author, frequent lecturer, and an accomplished expert witness in U.S. litigation matters. He has testified at the request of the U.S. Congress on numerous commercial issues including banking regulatory reform and fraud in the financial system. A leading expert on the speculative structured finance products that played such a notorious role in the financial crisis, he was engaged by the Board of Governors of the Federal Reserve to prepare a week-long symposium analyzing subprime structured finance products for top capital market specialists from across the United States. He has authored several comprehensive books on commercial lending matters which have been published by Dow Jones Irwin, now McGraw-Hill, and the American Bankers Association. Myers has, on numerous occasions, trained representatives from all of the U.S. banking regulatory agencies including the Office of Comptroller of Currency, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the Federal Reserve Banks and the National Credit Union Administration on many different subjects dealing with commercial banking and financial system regulatory issues. He has been acknowledged as a "Captain of the U.S. lending industry" by officials from the Federal Financial Institutions Examination Council which promulgates regulations to be followed by each of the federal banking regulatory agencies in the United States.
Ezzeldin H. Massry
Director Middle East and North African Operations
Mr. Massry has over 25 years of international banking and finance experience and has held various senior level positions within the Persian Gulf countries and the Middle East and North Africa, as well as in USA leading financial institutions. His most recent banking engagement was with the National Bank of Abu Dhabi ("NBAD"), a leading UAE based bank with regional and international presence, where he spent the period 2008-2010 as COO of the bank’s Islamic finance and sharia compliant banking division. He spent the period 2011-2013 as SVP & Head of Strategy Planning & Administration of the Global Banking Division, in addition to heading the shared support services for the wholesale & investment banking functions, and serving on the board of ADNP, the bank’s real estate and property management subsidiary having 11 thousand RE units under management. Mr. Massry is a well-known and respected financial professional in the United Arab Emirates (UAE), including Abu Dhabi and Dubai Emirates.
Prior to joining NBAD, he was with Union National Bank (UAE) for the period 2002-2008 where he assumed different roles within the Bank. His last role was Head of Business for the Islamic finance sharia compliant banking from 2006 until he left, where he built this new line of business for the bank growing it from scratch to become a multibillion dollar business in two years. Other earlier positions included heading the Corporate Credit Division where his responsibilities included Credit Risk Management of the Bank’s entire corporate lending portfolio (75% of total loan book), along with setting, monitoring, and supervising the implementation of the credit policy guidelines, as well as internal/external credit risk compliance requirements. Previously, as Head of Investment Banking in 2004, he initiated Investment Banking Services including supervising the development of structured investment products, creating investment service solutions for High Net Worth individuals, setting up and launching asset & portfolio management activities, IPO initiation and management services. By year end 2004, new assets under management reached US$ 2.5Bn before he moved to Credit Risk Mgt in 2005.
Mr. Massry has broad experience in international business, direct & private equity investment, financial control and risk management, global transaction banking & trade finance, organizational development, as well as corporate & management re-organization having worked with York Associates International, Inc., a New York based advisory firm between 1999-2002, and with National Bank of Bahrain between 1994-1999, and with the Egyptian American Bank between 1990-1994. As Manager, Corporate Banking Group with National Bank of Bahrain during the period 1994-1999, he raised fresh funds and developed new corporate loan books of over US$1Bn. He also managed correspondent banking activities and financial institution relationships with banks in 51 countries, as well as the Credit Policy & Risk Management department covering a corporate credit portfolio for borrowing relationships amounting to US$2bn.
He spent his earlier career years with Chase Manhattan in the financial control department, and then moved to the corporate relationship management side after completing the one year Chase Credit & Marketing training program. He then joined Bank of America as a corporate banking relationship officer for 2 years before moving to the KSA to join Riyadh Bank in Saudi Arabia as credit risk manager with the corporate finance department of the bank.
Mr. Massry holds a Bachelor’s Degree in Economics from Alexandria University, and a post graduate program diploma from Harvard University through a Fulbright scholarship. He is also multi-lingual with equal mastery of English and Arabic, as well as working knowledge of French. His long exposure to, and working within, cultural diversity allows him to be fully conversant in most of the Mid-Eastern regional cultural variations and language dialects.
He has served as panel chairperson and guest speaker at various conferences in the MENA, GCC and West Africa regions, as well as a guest lecturer and visiting instructor at various institutes including the Emirates Institute for Banking & Financial, Bahrain Institute of Banking & Finance, and the ALJ Centre for Banking Studies at the American University in Cairo among others. He has contributed to the authorship of various articles and research papers in the fields of Risk Management, Strategy & Performance Tracking, bridging concepts between sharia compliant and conventional banking, and interconnections between Islamic finance and sustainable ethical finance in modern day banking and financial markets, among others.
Mr. Massry coordinates all China Trade Institute activities in the Middle East and Africa, as well as with the Persian Gulf coast countries. He is based in Los Angeles, California, where he oversees CTI’s Pacific Rim financing activities. Mr. Massry also maintains a presence in Dubai, and other key locations in the MENA region where his extensive network of connections are used to promote CTI and related efforts in the region.
Professor Richard Mendales
Professor Mendales, a valued China Trade Institute academic affiliate, earned his law degree from Yale University in New Haven, Connecticut, where he was the runner-up for the Benjamin N. Cardozo Prize for best brief in Moot Court competition. His pre-law school education was at the University of Chicago, where he earned A.B. and A.M. degrees, and successfully completed all requirements for a Ph.D. short of a dissertation, winning honors that included the Barnard Prize and a Ford Fellowship. He has served as Professor of Law at the University of Miami, where he served on the Faculty Senate and won the Golden Apple Award for Service to the School of Law. He has also served as Visiting Professor of Law at Widener University and the Penn State University Dickinson School of Law, and is currently Professor of Law at the Charleston School of Law. Professor Mendales' primary areas of interest include international business transactions, securities regulation, commercial law, bankruptcy, corporate law and corporate finance.
In 1999-2000 Professor Mendales was one of three individuals chosen worldwide as a U.S. Supreme Court Fellow. The Supreme Court Fellows Program was founded by Chief Justice Warren Burger and selects only exceptionally talented individuals with proven records of accomplishment to contribute to the work of, among others, the Supreme Court of the United States and the administration of justice at the national level. A noted legal scholar, Professor Mendales is the celebrated author of Collateralized Explosive Devices: Why Securities Regulation Failed to Prevent the CDO Meltdown and How to Fix It, which first appeared in the ILLINOIS LAW REVIEW in 2009 and was reprinted in the SECURITIES LAW REVIEW the following year. This comprehensive analysis of the legislative and regulatory failure to anticipate and recognize the catastrophic collapse of the structured finance market which ushered in the 2008 financial crisis is an acknowledged definitive treatise on these issues. During the year of its publication, Professor Mendales' article was one of the top 10 most downloaded articles of the more than 300,000 scholarly papers on the Social Sciences Research Network ("SSRN") website. Professor Mendales is highly sought after for his viewpoints on contemporary legislative initiatives and the influence of the law on commercial practice.
Professor Mendales has also authored a chapter entitled "Why Securities Regulation Failed to Prevent the CDO Meltdown," in the book, LESSONS FROM THE FINANCIAL CRISIS: CAUSES, CONSEQUENCES, AND OUR ECONOMIC FUTURE, edited by Robert W. Kolb (John Wiley & Sons, 2010). He was engaged to lecture on this subject to a conference of capital market specialists assembled by federal banking regulators in Washington, D.C. in 2009. He has also authored The Fall and Rise of Fannie and Freddie: Securitization after the Meltdown, which was published in the UNIFORM COMMERCIAL CODE LAW JOURNAL in 2010. His prescient insight relating to the interaction of the bankruptcy laws and security regulation, We Can Work It Out: The Interaction of Bankruptcy Law and Securities Regulation in the Workout Context, was first published in the RUTGERS LAW REVIEW.
Before establishing himself as a distinguished academic, Professor Mendales practiced law with the national legal practices of Cravath, Swaine & Moore and Skadden Arps. As a practicing attorney, Mr. Mendales assisted, among other things, with international trade, structuring mergers and acquisitions; advised on issues concerning securities, corporate and bankruptcy law; negotiated corporate deals and drafted documents for corporate loans; advised clients on reorganization issues; and represented US corporations in trade law proceedings before the European Commission. Mr. Mendales has also negotiated the terms of corporate acquisitions and structured finance instruments. He participated in the early drafting of legal opinions concerning the true sale of mortgages and other income-producing assets, and the non-consolidation of special purpose financial vehicles, which are utilized in the lion's share of complex structured finance transactions today. Mr. Mendales also advised clients preparing disclosure for securities being registered with the SEC, and has appeared in federal district court to represent clients on securities law issues. He is admitted to the bar in the State of New York, the District of Columbia, and the Supreme Court of the United States.
A brilliant and witty lecturer, during his tenure as law professor at the University of Miami Professor Mendales was a frequent television personality whose insight on the legal aspects of business news was much sought after. Prof. Mendales is frequently consulted by China Trade Institute regarding the interplay of the securities legal and regulatory framework with our forensic and accounting analysis of complex securities litigation matters. He is a valued academic affiliate of the firm.
Professor Angela Crossin
Executive Vice President for Corporate Governance
Prof. Crossin teaches Corporate Governance and Business Law courses at Purdue University Calumet School of Management. Prof. Crossin is a co-founder of Business Women Unite, one of Indiana's premier groups, which provides a renewing atmosphere for professional women to share, learn and connect personally and professional through the resources of others. In addition Business Women Unite focuses on assisting women with career development and advancement in all sectors - public and private. Professor Crossin possesses a Masters of Accountancy from Purdue University Calumet School of Management and a law degree from the Valparaiso University School of Law. Ms. Crossin has lectured on corporate governance in Asia and is an expert on business law. Among other things, Professor Crossin provides overview and supervision of the CTI social responsibility, environmental and sustainability initiatives.
Dr. Ping Xu
Executive Vice President of China Operations
Dr. Ping Xu, a founder and original faculty member of China Trade Institute, is the author of a seminal paper on Chinese entrepreneurship in higher education entitled: "An Implementation Framework for Enabling Creativity and Entrepreneurship in Higher Education Institutions in China", published by the United Nations Educational, Scientific, and Cultural Organization, UNESCO. See link to Dr. Xu's article here. An expert on China business communication, Dr. Xu is currently a Professor of Business in the Chinese Department at the prestigious Assumption University in Bangkok. Dr. Xu is well respected as an authority on business ethics and recently spoken at the Seventh Annual International Business Ethics Conference held in Beijing, China.
Executive Vice President of Marketing
Ms. Wu is responsible for China Trade Institute marketing and client liaison matters. She is a graduate of Nankai University, in Tianjin, China and earned her Masters degree from the University of Michigan in applied economics with highest honors. She has been awarded a full fellowship from the University of Maryland to study for her PhD in marketing. At CTI, she has had responsibility for numerous complex matters, including coordinating with CTI analysts and the client on complex forensic analysis in China; interviewing sources of client funding for private equity, venture capital and seed capital investors; as well as working with various provinces and economic trade zones in the People's Republic of China regarding various projects and opportunities. She also serves as executive assistant to Mr. Myers, the president and CEO of the Institute.
Sophie has published articles in two prestigious China academic journals. She holds a China national patent for new convenient tubes. Previous employment in China includes being an analyst with Citic Securities, the Industrial and Commercial Bank of China and the Department of Economics at Nankai University.