TPEC Executive Advisory Board

The TPEC Advisory Board was founded by the Thunderbird Global Private Equity Center (TPEC) is composed of approximately 15 representatives from corporations, governmental and non-governmental institutions and others who have a strong interest and professional background in global private equity. Leadership is composed of a Chairperson, Vice-Chairs and Ex-Officio Members (together forming the “Steering Committee”).


JIM ANDERSON '80
President
SVB Analytics

DR. ALDO FOZZATI
Founder
Fozzati Partners

KURT GEIGER
TPEC Chairman
Former Head of Financial Institutions
European Bank for Reconstruction
and Development; Chairman, TPEC Advisory Board

THOMAS GREER '73
TPEC Vice Chairman; Managing Director
Enterprise Capital Corporation

MARTIN HAEMMIG
Managing Director
Martin Haemmig International

ROBERT D. HISRICH
Director
Thunderbird Walker Center for Global Entrepreneurship

CYNTHIA HOSTETLER
TPEC Vice Chairman
Former Vice-President, Investment Funds, OPIC
SANJIV KAPUR '81
Managing Director, Asia
Wolfensohn & Company

LARRY K. MELLINGER '68
TPEC Vice Chairman
Private Equity Adviser
LKM Advisors, LLC

JESSE REYES
Managing Director
Reyes Analytics

ROBERT THELEEN '70
Chairman & Co-CEO
ChinaVest

THOMAS TRIMBLE
Partner
Hunton & Williams

CHRISTIAN WILDMOSER
General Partner
CVC Capital Partners

JOSEPH QUINLAN
Chief Market Strategist
Bank of America Investment Strategies Group

Jim AndersonJIM ANDERSON '80
President, SVB Analytics

Jim Anderson is president of SVB Analytics, a wholly owned subsidiary of SVB Financial Group. SVB Analytics provides solutions to analytical problems that are specific to emerging growth technology, life science and venture capital companies. In that regard, SVB Analytics is rendering valuation opinions for clients to help them comply with IRC 409A and delivering capitalization management solutions through the firms controlling stake in eProsper, Inc.

Anderson joined Silicon Valley Bank in 1999 and has served in a variety of capacities, most recently as a founder, president and chief investment officer of SVB Asset Management, a non-bank affiliate of Silicon Valley Bank. He was also a founder and managing director of SVB Securities, Silicon Valley Bank's broker dealer subsidiary. These groups today represent total client assets in excess of $14 billion.

Anderson has more than 25 years experience in investment banking, asset management, and commercial banking, assisting clients with corporate finance strategies, valuations, M&A and investments, including 20 years in the technology and life science sectors.

Prior to joining Silicon Valley Bank, Anderson was managing director of technology investment banking for CIBC Oppenheimer where he was responsible for initiating the firm's entry into the technology sector in 1991. He has worked with a wide range of firms, including small development stage companies and multi-billion dollar investment grade corporations. In his early banking career, Anderson held several positions with Chase Manhattan Bank, including managing the West Africa Region for three years based in Dakar, Senegal. He also worked as a software engineer at Electronic Data Systems and served in the U.S. Peace Corps in Zaire.

Anderson earned a master's from the American Graduate School of International Management and a bachelor's degree in mathematics from the State University of New York. He is a Chartered Financial Analyst.

Anderson is a member of the Asset Liability Committee, which has responsibility for strategy and management of Silicon Valley Bank's $2 billion investment portfolio. He is the editor of the weekly newsletter, Investment Strategy Outlook, published by SVB Asset Management and is frequently asked to speak at industry-related events on the economy and financial matters for technology and life science companies.

Go to top


Dr. Aldo FozzatiDR. ALDO FOZZATI
Managing Director
Fozzati & Associates

1975, Ph.D. in Mechanical/Aeronautical Engineering; 1976, Ph.D. in Civil and Industrial Engineering, Polytechnic of Turin. Former management positions with: Aeritalia; Fiat; General Motors; Varity; Delco Remy International. Since 1995, Member, Advisory Board, Citigroup Venture Capital, Citibank N.A. Member of the boards of several companies. Member: Advisory Board, Thunderbird, The Garvin School of International Management: Visiting Professor: China Europe International Business School, Shanghai; I.P.E. Istituto per ricerche et attività educative. Member, Financial Committee of the American Chamber of Commerce, Germany. China Cultural Foundation, New York. Founder, Fozzati Partners, international investment banking with focus on prIvate equity, deals origination.

Go to top


Kurt GeigerKURT GEIGER
Chairman, TPEC Advisory Board
Former Head of Financial Institutions,
European Bank for Reconstruction and Developmentt

Mr. Geiger has 30 years of international experience in Banking and an extensive track record in equity investments gained during a career in major international banking groups (Chase, Midland Montagu, HSBC, EBRD) with work experience in Frankfurt, London, Hong Kong, New York and Eastern Europe.

From 1993 onwards he worked with the EBRD, an IFI established to promote transition from centrally planned economies to market economies. He is Head of the Financial Institutions Group with a portfolio of €5 billion, and a main driver in building an effective and functioning financial services industry in Central and Eastern Europe. Under his leadership the EBRD invested in over 120 banks, insurance companies and pension funds in 27 countries and also was instrumental in building a private equity industry in the region where the Bank is a core investor in 90 equity funds. Mr. Geiger has been actively involved in many of these transactions and has an excellent reputation as a successful deal maker. He has overseen over 300 equity investments in the region over the past 12 years.

Previously he served as Managing Director with Midland Montagu/HSBC in London from 1989-1990, where he had regional management responsibilities for Europe and later MD International at Midland PLC. Before that, he spent 15 years with Chase Manhattan with postings in Europe, the United States and Asia. He covered many aspects of international finance in different markets with responsibility for large corporate relationships, project finance, corporate restructuring, turnaround, M & A and investment banking.

He served on many Boards such as Trinkaus and Burkhardt Germany, Pekao Poland, Budapest Bank, Hungary (Vice-Chairman of Board of Directors), all listed companies and equity funds such as Advent International and First NIS Russia (listed). Mr. Geiger has a Ph.D. in Law from Innsbruck University in Austria and a Post-Graduate Degree in International Finance from the College of Europe in Belgium. He is bi-lingual in English, German and speaks also Spanish and French. He is married with two daughters.

Go to top


Thomas Greer Jr.THOMAS GREER, JR. '73
Vice Chairman, TPEC Advisory Board
Managing Director, Enterprise Capital Corp.  

Mr. Greer is a co-founder of  China Enterprise Capital Corporation one of the leading private equity management firms in China.

He began his business career  with J. P. Morgan Bank and later worked at Citicorp  in Asia for over a decade in senior positions in Indonesia, South Korea and Hong Kong. He joined Royal Trust Asia where he initiated  a merchant banking and private banking business that was sold to the Royal Bank of Canada. Mr. Greer then joined Bank of America as head of the private client and investment management business for Asia and served on the Investment Committee of Bank of America's Asian Direct Equity Fund. He holds a Bachelor of Science degree in Business from the University of Colorado and a MBA from Thunderbird School of Global Management. He served as an infantry and special forces officer in the United States Army in Viet Nam and Europe

Mr. Greer has been or is a member of a number of professional organizations to included the Young Presidents' Organization , World Presidents' Organization, trustee of the Asian Art Museum of San Francisco and is presently Vice Chairman of the Thunderbird Global Council and the Thunderbird Private Equity Center.

Go to top


Martin HaemmigMARTIN HAEMMIG
Managing Director
Martin Haemmig International

Martin’s venture capital research covers 13 countries in Asia, Europe, Israel, and USA. He lectures at UC Berkeley, Stanford, INSEAD, UniBW Munich, ETH Zurich, as well as at China’s Peking, Tsinghua, Renmin, Fudan and JiaoTong University, plus India’s Institute of Technology, Science and Management in Delhi, Mumbai, Bangalore and Hyderabad. He is author for books on the Globalization of Venture Capital (English & Chinese). He was appointed at Stanford-SPRIE as ‘Senior Advisor on Venture Capital’ plus as expert and faculty to the China Research Center at UC Berkeley for China. Martin earned his electronics degree in Switzerland and his MBA and doctorate in California and worked for almost 20 years in global high-tech companies in Asia, Europe and USA before returning to his academic career. He became Swiss national champion in marketing in 1994.

Go to top


Robert HisrichROBERT D. HISRICH, EX-OFFICIO
Director, Thunderbird Walker Center for Global Entrepreneurship

Professor Hisrich received his B.A. from DePauw University, his M.B.A. and Ph.D. degrees from the University of Cincinnati, and honorary doctorate degrees from Chuvash State University (Russia) and the University of Miskolc (Hungary). Prior to joining Thunderbird, Dr. Hisrich held the A. Malachi Mixon, III Chaired Professor of Entrepreneurial Studies at the Weatherhead School of Management, Case Western Reserve University. Dr. Hisrich was a Fulbright Professor at the International Management Center in Budapest, Hungary in 1989. In 1990-91 he was again named a Fulbright Professor in Budapest at the Foundation for Small Enterprise Economic Development, where he also held the Alexander Hamilton Chair in Entrepreneurship. Dr. Hisrich has held visiting professorships at: the University of Ljubljana (Slovenia); the Technical University of Vienna (Austria); the University of Limerick (Ireland); the Queensland University of Technology (Australia); The University of Puerto Rico; and the Massachusetts Institute of Technology.

He has authored or co-authored twenty-five books, including Entrepreneurship: Starting, Developing, and Managing a New Enterprise (translated into nine languages and now in its seventh edition), The 13 Biggest Mistakes that Derail Small Businesses and How to Avoid Them and Marketing. Dr. Hisrich has written over 300 articles on entrepreneurship, international business management, and venture capital, which have appeared in such journals as The Academy of Management Review, California Management Review, Columbia Journal of World Business, Journal of Business Venturing, Sloan Management Review, and Small Business Economics. He has served on the editorial boards of The Journal of Business Venturing, Entrepreneurship Theory and Practice, Journal of Small Business Management, and Journal of International Business and Entrepreneurship. Besides designing and delivering management and entrepreneurship programs to U.S. and foreign businesses and governments, particularly in transition economies, Dr. Hisrich has instituted academic and training programs such as the university/industry training program in Hungary, a high school teachers entrepreneurship training program in Russia, an Institute of International Entrepreneurship and Management in Russia, and an Entrepreneurship Center in Ukraine.

Go to top


Cynthia HostetlerCYNTHIA HOSTETLER
Vice Chairman, TPEC Advisory Board
Former Vice President, Investment Funds
Overseas Private Investment Corporation

Cynthia L. Hostetler was appointed as OPIC Vice President for Investment Funds in August 2001. Prior to joining OPIC, Ms. Hostetler served as President & member of the Board of Directors of First Manhattan Bancorporation (FMB), Manhattan, Kansas - a bank holding company. Ms. Hostetler concurrently served as Vice Chairman of the Board (1999-Present), President (1996-1999) & Vice President/General Counsel (1991-1996) of FMB's primary subsidiary, the First Savings Bank, F.S.B. (FSB). Ms. Hostetler was responsible for operations, regulatory activities and business development & strategy. During her tenure, Ms. Hostetler worked with the Office of Thrift Supervision to successfully reorganize FSB. Previously, Ms. Hostetler was an attorney in the corporate/banking department of the New York law firm of Simpson Thacher & Bartlett (STB). While at STB, she represented major commercial banks in lending activities, negotiation and preparation of acquisition documentation and syndicated credit facilities, and representation of corporations in acquisition activities and general corporate matters.

Ms. Hostetler received a Juris Doctor degree from the University of Virginia School of Law in 1988, and graduated magna cum laude from Southern Methodist University in 1985 with a Bachelor of Arts in Political Science.

Go to top


Sanjiv KapurSANJIV KAPUR '81
Managing Director, Asia
Wolfensohn & Company

Sanjiv Kapur currently serves as the Managing Director in Asia for Wolfensohn & Company, a private investment firm focused on private equity in emerging markets. From 2002 to 2005, Mr. Kapur was Senior Partner and Head, Asia Pacific Private Equity for Henderson Private Capital in Singapore. In this capacity, Mr. Kapur managed a successful $210 million Asian private equity fund that invested in China, India, Korea, Singapore and Thailand. He served as a Director/Observer on the Boards of HT Media (India), Maginet (Singapore), Jubilant Organosys (India), and Airmate (China). From 1999 to 2001, Mr. Kapur was the Chief Investment Officer, Private Capital for AMP Henderson Global Investors in Sydney, Australia, where he established the successful India infrastructure fund jointly with UTI that invested in ports, telecom, and gas distribution. He has served on the Investment Committees of several private equity funds including Capital Z Asia II, AXA-AIG Select Global Fund of Funds I and Asia Equity Infrastructure Fund. He also headed the $235 million Henderson Global Fund of Funds investing in US., Europe and Asia. From 1989 to 1999, Mr. Kapur held various investment positions at the IFC in Washington including Head of Private Equity and Head, International Securities Group, and invested in companies and funds across Asia, Latin America, Central Europe and Africa. He served on the Boards of Handlowy Heller (Poland) and CIC (Chile). From 1986 to 1989, Mr. Kapur worked in New York at the HSBC Group (Vice President, Sovereign Risk Management) and also at AIG (1982-1986). From 1981 to 1982, he was at State Bank of India in New York. Mr. Kapur has a BA in Economics (Honours) from St. Stephen’s College (Delhi University) and an MBA with Distinction from the Thunderbird School of Global Management (Thunderbird). He was elected to the Executive Committee of the Singapore Private Equity and Venture Capital Association (2003-2005).

Go to top


Larry K. MellingerLARRY K. MELLINGER '68
Vice Chairman, TPEC Advisory Board
Private Equity Adviser, LKM Advisors LLC

Mr. Mellinger is a financial advisor and consultant to private sector investors and bankers doing business in the United States and emerging markets. His career as a senior financial services executive has encompassed broad-based experience in private equity, commercial banking and financial advisory work, across markets in developed and developing countries.

Prior to his current financial advisory work, Mr. Mellinger had served for five years as Senior Managing Director and Global Head of AIG's Alternative Investments area. In this capacity he was in charge of AIG's private equity and hedge fund activities in the United States, Europe, Japan and emerging markets world-wide. His responsibilities included AIG's sponsored funds, which today total 36 funds with over $10 billion in capital commitments, with five additional funds currently in the advanced stages of fund-raising, in addition to an additional approximately $10 billion of AIG's proprietary capital invested in various categories of alternative assets.

Before joining AIG in September 2000, he was a founding partner of Integra Partners, LLC, a Washington, D.C.-based financial advisory and infrastructure project development firm specializing in emerging markets. Mr. Mellinger has over 30 years of experience in emerging markets banking and finance, including the seven years he served as the U.S. Executive Director for Presidents Reagan and Bush on the board of the Inter-American Development Bank in Washington, from 1986 to 1993.

Prior to the IADB, he was Chief Financial Officer of Mexico's Gruma Corporation, one of the largest food manufacturing groups in Latin America. He began his professional career with the Union Bank in Los Angeles, where he became the regional head of both the Latin America and Asia Pacific groups, before becoming its Senior Vice President and General Manager for International Banking.

He holds a B.A. in International Relations from the University of Kansas and an M.S. in International Management from the American Graduate School of International Management.

He was raised in Latin America and Australia before attending school in Kansas and is fluent in Spanish and Portuguese.

Go to top


Joseph QuinlanJOSEPH QUINLAN
Chief Market Strategist
Bank of America Investment Strategies Group

Joseph Quinlan is a Managing Director and the Chief Market Strategist of Bank of America, Global Wealth and Investment Management.  He is charged with the development and implementation of domestic and global investment strategies.  He joined the firm in June 2003 after working for several years as a Global Economist at Morgan Stanley (1994-02).

Prior to joining Morgan Stanley, Quinlan worked as Director of Economic Research at Sea-Land Services, a $3 billion global transportation firm.  He has also been an International Management Consultant.  Quinlan started his career with Merrill Lynch Economics.

In addition to his duties at Bank of America, Mr. Quinlan is a leading expert on global capital flows and the transatlantic economy.  He has been a Senior Transatlantic Fellow (non-resident) at The German Marshall Fund in Brussels, Belgium since 2003, where his research centers on regional and global trade and investment flows.  As a Fellow, he regularly debriefs and advises senior U.S. congressional leaders on global economic/financial affairs on Capitol Hill, and has testified before the European Parliament on transatlantic trade issues.

Quinlan is also a Fellow at the Center for Transatlantic Relations, the Paul H. Nitze School of Advanced International Studies (SAIS) of Johns Hopkins University.  In 1998, he was nominated as Eisenhower Fellow and studied China-Taiwan cross-straits relations for a month in Taiwan.

He is the author, co-author, editor or contributor to eight books, the most recent:  “Deep Integration:  How Transatlantic Markets are Leading Globalization,” Johns Hopkins University, 2005, co-authored with Daniel Hamilton.  He has published over 125 articles on international economics and trade, with publications appearing in such venues as Foreign Affairs, The Financial Times, The Wall Street Journal and Barron's.

Quinlan lectures on global finance at New York University, where he has been on the faculty since 1992.  He has lectured on global affairs and international finance at various institutions in Europe and Latin America.  Mr. Quinlan has also served as a consultant to the U.S. Department of States.

He earned a Master's degree in International Political Economics and Development from Fordham University in 1984.  He attended Niagara University, graduating in 1980 with a B.A. in Political Science.  He has done additional course work in international finance at New York University.  He sits on the Board of the Graduate School of Arts and Sciences, Fordham University and is a member of the President's Council, Fordham University.

Go to top



Jesse ReyesJESSE REYES
Managing Director
Bear Stearns Private Funds Group (A J.P. Morgan Company)

Jesse Reyes manages Crane Capital Associates' U.S. operations and leads U.S. manager origination and due diligence efforts. Prior to joining Crane Capital, he was Vice President, Global Research at Thomson Venture Economics. He joined Venture Economics in 1989 as Research Manager and later became Managing Director of Venture Economics' Institutional Investor Services' - which is a performance and portfolio analytics monitoring service which monitored over $300 billion in LP investments in private equity and venture capital investments for limited partner clients.

Jesse is widely regarded as one of the leading experts on performance measurement and quantitative analysis of the venture capital and private equity industry. He pioneered many of the performance benchmarking metrics now standard in the private equity industry. He developed private equity benchmarking products at Venture Economics such as the Investment Benchmark Reports and the Private Equity Performance Database on private equity performance, which have become the leading fund performance measurement tools by LPs and GPs alike. While at Venture Economics he also developed the Post Venture Capital Index-a public market index jointly developed with Warburg Pincus. He is one of the most highly sought-after speakers at industry conferences and is a frequent contributor to the industry and financial press.

In addition to his activities at Crane, Mr. Reyes is a member of the CFA Institute's and the Global Investment Performance Standards' (GIPS) committees on performance presentation standards representing private equity investing. He is an Educational Board Member of the Kauffman Fellows program. He also is an courtesy lecturer at Cornell's Johnson Graduate School of Management, where he teaches classes on topics in institutional private equity investing.

Prior to joining Venture Economics, he was a visiting assistant professor at Texas Tech University teaching courses in futures, finance and applied economics. While at Texas Tech he also served as a consultant to U.S. AID projects specializing in economic and financial analysis of micro-business development and financial markets development projects in Central America. He was the founder and the managing director of Texas-based Decision Research Associates, a software firm specializing in oil and gas partnership accounting and other office management software.

A native of Ralls, Texas, his background includes a Bachelor of Science in Agricultural and Applied Economics and an MBA in Finance and Statistics., both from Texas Tech University as well as graduate studies in the Department of Economics at Harvard University.

Go to top


Robert TheleenROBERT THELEEN '70
Chairman & Co-CEO
ChinaVest

Robert Theleen has been a pioneer in China's venture capital industry. Formerly, he was Chairman, Chief Executive Officer and a founder of ChinaVest, the oldest American venture capital firm in Greater China. Founded in 1983, ChinaVest raised more than $300 million from leading American and European institutions, and invested in industries including light manufacturing, branded services, telecommunications and information technology. Mr. Theleen is currently a trustee of the Asia Foundation and serves on the Board of Directors of one of China's leading state-owned enterprises.

He was educated at Duquesne University, Thunderbird School of Global Management, and Johns Hopkins University.

Go to top


Thomas  TrimbleTHOMAS TRIMBLE
Partner
Hunton & Williams

Thomas B. Trimble is a partner at the international law firm of Hunton & Williams, based in Washington, D.C. He is registered with the bar in New York, Connecticut and the District of Columbia, and represents clients in the energy, project finance and telecommunications industries in major international transactions, including transactions in the following jurisdictions: the United States, Argentina, Brazil, Colombia, Russia, Ukraine, Poland, Romania, Hungary, Jamaica, the Dominican Republic, Belarus, Moldova, Uzbekistan, Pakistan, Oman, Peru, Bolivia, Senegal, Algeria, DRC, Tanzania, Cameroon, Namibia, Singapore, China, Korea, Philippines, Indonesia, Pakistan and Bangladesh.

Mr. Trimble advises a variety of U.S. and European companies, private equity funds and foreign governments in connection with equity and asset acquisitions and sales, project finance and infrastructure development transactions and privatizations. Mr. Trimble is considered an industry leader in multiple asset, multiple jurisdiction auctions and dispositions and has 20 years of practice experience with electric power, pipeline and other energy facilities, as well as fiber optic, wireless, long distance and satellite-based telecommunications systems.

Mr. Trimble received his J.D. from American University College of Law, Washington, D.C. in 1987, an M.I.A from Columbia University 1985, and a B.A. from Bucknell in 1982.

Go to top


Christian WildmoserCHRISTIAN WILDMOSER
Managing Director
CVC Capital Partners

Mr. Wildmoser is Managing Director of CVC Capital Partners Switzerland GmbH, Zurich. Before joining CVC in 2000, Mr. Wildmoser was CEO of Helarb Management S.A., a private equity firm based in Lausanne, Switzerland, a position he held for two and a half years. Prior to Helarb he worked for eight years with B. Metzler Seel. Sohn & Co, the Frankfurt based privately held investment bank, in Frankfurt and New York, latterly as Co-head of M & A and Corporate Finance. Prior to Metzler he worked for eight years for Manufacturers Hanover Trust in Frankfurt and New York in corporate banking. Mr. Wildmoser is an Austrian national and holds a Ph.D. in economics from the University of Vienna.

Go to top