Terry has over 25 years of experience in credit ratings and bank credit risk management. As a Managing Director, based in Singapore, he leads Moody’s Public, Project & Infrastructure Finance in Asia Pacific. He assumed his position in February 2015.

In this role, Terry oversees ratings teams in Hong Kong, China, Singapore, Australia, and Japan which are responsible for Moody’s extensive coverage across the public and infrastructure sectors, including transport infrastructure, regulated utilities,power and social infrastructure.

Prior to this role, Terry spent seven years as an Associate Managing Director and head of corporate, project and infrastructure finance ratings for Australasia, based in Sydney. During that period, Moody’s rating coverage for this region grew substantially to more than 100 rated issuers. In the corporate sector, the analytical team monitored ratings in a wide range of non-financial sectors, such as consumer and retail, industrial, mining, oil and gas, and property, while the infrastructure team covered power, transport, utilities and social infrastructure.

Terry was also previously responsible for Moody’s coverage of the oil and gas as well as mining sectors in Asia Pacific.

Before joining Moody’s in 2000, Terry worked for around 12 years in various risk management and credit origination roles at Westpac Institutional Bank in Sydney. His last position at Westpac was Senior Manager, Credit and Divisional Credit Officer, responsible for approving credit exposures to institutional clients.

Nick Hill is a Managing Director and heads the Credit Strategy & Guidance function within the Credit Strategy & Standards division in Moody’s Ratings. 

Based in Paris, he joined Moody’s in March 2010, initially heading the France / BeNeLux banking team. 

Since then he has managed successively larger teams, led the global revision of Moody’s bank rating methodology, which was published in 2015, and latterly was co-head of the global banking team. 

Prior to joining Moody’s, Nick worked as a bank analyst in a variety of roles. These include banking supervision at the Bank of England and Financial Services Authority, where he began his career; sell-side equity research on French banks in a #1 ranked team at Morgan Stanley; rating UK and continental European banks at Standard & Poor’s; and providing balance sheet advice to financial institutions with RBS. 

A graduate of Christ’s College, University of Cambridge in the UK, Nick holds an MA in English, a diploma in French, and a postgraduate certificate in Finance from Birkbeck College, University of London.   

Gary Lau is the Managing Director for the Corporate Finance Group in Hong Kong. Gary manages analytical teams in Hong Kong, covering corporate ratings in North Asia (ex-Japan). He has extensive experience with Moody’s in analytical and management positions with responsibilities across different industries and geographies. He has been with Moody’s since 1998.

Before joining Moody’s, Gary worked for Barclays Bank Plc and Bank of America in the Financial Institutions and Corporate Banking Divisions.

He holds an MBA and a Bachelor of Social Science, both from The Chinese University of Hong Kong.

Shuang joined the Bank as Head of Greater China Economic Research in April 2015, and is now Chief Economist for Greater China and North Asia. He has more than 20 years of experience in both the public and private sectors. Shuang was previously Senior China Economist at Citigroup, where he had led the China Economic research team since early 2011. He worked at the IMF from 1997-2010, covering countries in Africa, the Middle East, Central Asia and Europe. Prior to the IMF, Shuang was an economist with the People’s Bank of China from 1993-97. He has a Master’s from the Graduate School of the People’s Bank of China, an MBA from Johns Hopkins University, and a Bachelor’s from Fudan University.

丁爽先生2015 年4 月加入渣打银行担任大中华区经济研究主管，现任大中华区及北亚首席经济师。

丁爽先生在公共和私营部门拥有20 多年的行业经验。在加入渣打之前，他在花旗银行工作四年，
担任中国高级经济师，负责宏观经济研究。他于1997-2010 年在美国华盛顿国际货币基金组织担任
经济师，先后跟踪非洲、中亚和欧洲的经济体，从事经济研究、政策制定和贷款审查。他于1993-
1997 年担任中国人民银行的经济学家。

丁爽先生拥有中国人民银行研究生部（现清华大学五道口金融学院）经济学硕士，约翰 • 霍普金斯
大学工商管理硕士和复旦大学学士学位。

Clement Wong is a Managing Director and team leader with Moody’s Ratings Corporate Finance Group. Based in Hong Kong, he oversees a team of rating analysts covering Chinese industrial corporate entities in sectors including internet, technology, auto, chemicals, food and beverage and more. He and his team are also actively involved in Moody’s Greater China investor outreach activities and have been authoring sector- , issuer- and credit trend-specific research reports.

Clement is an auditor by training with PricewaterhouseCoopers and Deloitte. He has over 20 years of credit experience in the banking industry.

Prior to joining Moody’s in 2014, he was Country Credit Officer for Wholesale Banking in Hong Kong and Japan at Standard Chartered. Clement has also worked for several international banks, including Citibank, where he helped set up the commercial banking risk management team in China while stationed in Shanghai for almost five years. During his time at Citibank Shanghai, he also collaborated with other teams to build the bank’s framework for lending and approving credits; and before relocation to Shanghai, as Senior Credit Officer, worked on assessing large corporates’ credit exposure; and had been in charge of problem loan recovery for small-medium-sized companies.

Clement holds a Master’s degree in International and Public Affairs and a Bachelor of Social Science degree from The University of Hong Kong. He is also a CFA charterholder and a CPA.

Winston Cheng is Senior Vice President and Chief Financial Officer of Lenovo. He oversees the group’s global financial operations, as well as corporate development and M&A, corporate finance, and investor relations.

Before joining Lenovo, Winston was the Global Co-Head of Technology, Media and Telecom, Investment Banking at The Hongkong and Shanghai Banking Corporation Limited (HSBC). Prior to joining HSBC, he was President International and a member of the group investment committee at JD.com.

With over 20 years of experience in investment banking, Winston has held senior leadership roles, including Managing Director and Head of Asia TMT Investment Banking at Bank of America Merrill Lynch, and Head of Asia Technology Investment Banking and the Head of Asia Consumer Retail Investment Banking at Goldman Sachs. He began his career with Salomon Brothers and spent over a decade at Citigroup. He was based in New York, Palo Alto and Hong Kong.

In addition to his executive roles, Winston has extensive global leadership experience in the technology sector having served as board director of Arizon RFID, GoTo (Formerly GoJek), Tiki.com and TCL Electronics (formerly TCL Multimedia), as well as an industry investor and advisor.  

Winston holds a double Bachelor of Arts in Economics and Chinese Language from the University of California, Berkeley.

Hua Cheng is a Senior Vice President and Director of Asia Credit Research. She joined AB in 2011 and now oversees the credit research capabilities in Asia. Cheng is also responsible for covering the technology sector in China, as well as banks and nonbank financial institutions in the Asia Pacific region, with an emphasis on China’s financial system and credit market. Earlier in her tenure at AB, she was an equity research analyst covering Chinese and Hong Kong banks. Cheng was previously an auditor at PricewaterhouseCoopers, where she audited China’s financial institutions. She holds a BA in finance from the Capital University of Economics and Business (Beijing) and an MBA from the Columbia Business School. Cheng is a CFA charterholder.

As the head of DCM APAC in BNP Paribas, Manoj oversees the origination, structuring and execution of Debt Capital Markets (DCM) in the Asia Pacific region and manages a team of experts to collaborate with the broader DCM distribution platform of the bank.

Manoj has an extensive experience in debt capital markets and structuring, having assisted corporates, sovereigns and financial institutions raise over US$200 billion equivalent across currencies and credit spectrum. He has been associated with a number of high-profile debt capital market transactions in the region.Prior to joining BNP Paribas in 2010, Manoj was with Fixed Income Capital Markets at Citigroup Global Markets in Hong Kong and India, managing the credit advisory and structuring business across Asia-Pacific region. He started his career at PricewaterhouseCoopers in India.

Manoj is a Chartered Accountant with The Institute of Chartered Accountants of India and he holds a Bachelor of Commerce with Honors in Accountancy and Business Statistics.

Lina Choi is an Associate Managing Director with the Corporate Finance Group for Moody’s Investors Service HK Ltd. She covers a portfolio of Chinese corporates in various sectors, including Internet, technology, food and beverage.

Before joining Moody’s, Lina worked as a senior investment analyst for AllianceBernstein Holdings LP, a US asset management company. She covered Chinese equities in the telecoms, media and technology sectors. Lina has also worked as an Executive Director at Morgan Stanley’s Equity Research Division, overseeing the Asian telecommunications industry.

Lina has an BA in Economics from the University of Chicago. She is a CFA charter holder.

Shawn Xiong is a Vice President - Senior Analyst with Moody’s Corporate Finance Group. Based in Hong Kong, Shawn is the Lead Analyst for a portfolio of China non-property companies, including those in the metals and mining, healthcare services, retail and telecom and IT services sectors.

Before his relocation to Hong Kong, Shawn worked for five years with Moody’s in Sydney, where he covered the Australian mining services, building materials and gaming sectors.

Prior to joining Moody’s, Shawn worked for the Commonwealth Bank of Australia as an Associate in its Debt Capital Markets division.

Shawn has also worked as a Senior Analyst in the Corporate Finance division of KPMG in Sydney.

Shawn holds a Bachelor of Applied Finance and a Bachelor of Commerce – Accounting from Macquarie University in Sydney. He is also a CFA Charterholder and a CA.

Gerwin Ho is a Vice President – Senior Credit Officer with the Corporate Finance Group in Asia. Based in Hong Kong, he covers a portfolio of Chinese corporates, including automotive-related, manufacturing and consumer-related companies.

Before joining Moody’s, Gerwin was a Director with Citigroup’s Equity Research Division in Hong Kong, where he headed the analysis of automotive companies in Asia and analyzed Chinese automotive and industrial companies.

He has also analyzed automotive, industrial, consumer and healthcare companies in China and Korea while working at Bear Stearns, ABN AMRO, Credit Suisse and Donaldson, Lufkin & Jenrette.

Gerwin holds a Bachelor of Science from the University of Toronto and an International MBA from York University.

Ying Wang is a Vice President and Senior Analyst within Moody’s Corporate Finance Group. Based in Hong Kong, Ying covers a portfolio of consumer and internet companies across China.

Prior to joining Moody’s, Ying worked in Hong Kong as a Lead Equity Research Analyst at J.P. Morgan Securities (Asia Pacific) Limited, BNP Paribas and Standard Chartered Bank, focusing on a wide range of sectors including oil & gas, utilities, environmental protection and renewable energy.

Ying started his career as a journalist at Bloomberg and China Daily News Group, covering the energy, commodities and industrial sectors. He has also worked for a major Chinese oilfield service company in Beijing.

Ying holds an MBA in Finance from INSEAD Business School in France and Singapore, and a BA with honors from Xi’an International Studies University.

Gary Lau is the Managing Director for the Corporate Finance Group in Hong Kong. Gary manages analytical teams in Hong Kong, covering corporate ratings in North Asia (ex-Japan). He has extensive experience with Moody’s in analytical and management positions with responsibilities across different industries and geographies. He has been with Moody’s since 1998.

Before joining Moody’s, Gary worked for Barclays Bank Plc and Bank of America in the Financial Institutions and Corporate Banking Divisions.

He holds an MBA and a Bachelor of Social Science, both from The Chinese University of Hong Kong.

Ms. Carol Cheng is the General Manager of the Office of the Board of Directors and also the Head of Investor Relations of China Merchants Port Holdings Company Limited (CMP) which is a HK-listed company (stock code 00144).

Carol has worked in the port industry for more than 20 years. She has actively participated in M&A activities, Financing activities, Investor Relations and Corporate Governance in CMP.

Now, she is the director of various port investments in Australia, Brazil, Togo and Sri Lanka.

She obtained a Master of Professional Accounting from Hong Kong Polytechnic University. She is also a fellow of the Association of Chartered Certified Accountants, UK and a member of Hong Kong Institute of Certified Public Accountants. 

Boris Kan is a Vice President–Senior Credit Officer with the Project & Infrastructure Finance Group. Based in Hong Kong, Boris covers a portfolio of Chinese utilities and infrastructure companies across a range of sectors.

Before joining Moody’s, Boris was the Head of Regional Utilities & Power Equipment (Asia-ex-Japan) with J.P. Morgan’s Equity Research team, where he spent more than 12 years covering a wide range of power and gas utilities companies in Greater China.

Boris has also worked as a Senior Associate for more than five years — first at PricewaterhouseCoppers and then at Deloitte & Touche Corporate Finance — providing assurance and M&A advisory services to corporate clients in Greater China.

Boris holds an MBA majoring in Finance from Simon Fraser University and is a member of the Hong Kong Institute of Certified Public Accountants.

Spencer Ng is a Vice President – Senior Credit Officer in Moody’s Public, Project & Infrastructure Finance team. Based in Singapore, Spencer is responsible for project finance and infrastructure credits, including power utilities, renewables and airports in South and Southeast Asia.

Prior to joining Moody’s in 2007, Spencer worked for Ernst & Young Transactions Advisory Services in their Project Finance team. Spencer has also held various analytical and accounting roles at ANZ Bank, JP Morgan and State Street Australia. 

Spencer holds a Bachelor of Economics and a Master of Commerce from the University of New South Wales. He is also a CFA charterholder.

Ivy Poon is a Vice President – Senior Credit Officer with Moody’s in Hong Kong. She covers corporate ratings in a portfolio of power and gas utilities companies and conglomerates in Asia Pacific.

Prior to joining Moody’s, Ivy worked for KBC Bank N.V., as a credit assistant manager and a senior marketing officer.

Ivy holds a Bachelor of Commerce from McMaster University and a Postgraduate Diploma in Professional Accounting from the Chinese University of Hong Kong. She is also an affiliate member of CPA.

Sean Hwang is a Vice President in Moody’s Corporate Finance Group. Based in Hong Kong, he covers a portfolio of corporates in Korea. 

Prior to his current role, Sean covered a range of project and infrastructure companies in Korea and Hong Kong as well as South and Southeast Asia. Before joining Moody’s in 2014, Sean was with Bank of America Merrill Lynch, where he worked as a credit analyst looking after a portfolio of global corporates. 

Sean is a Chartered Financial Analyst (CFA) charter holder. He graduated top of his class from Sogang University with a degree in Business Administration.

Nidhi Dhruv is a Senior Credit Officer, with Moody’s Corporate Finance Group. Based in Singapore, Nidhi covers a portfolio of issuers across the telecommunications, telecom towers, mining, construction and airline industries in South and Southeast Asia.

Before joining Moody’s in 2007, Nidhi was an analyst with Citigroup Investment Banking in India and Singapore for three years. 

Nidhi is a CFA charterholder and a Chartered Accountant with the Institute of Chartered Accountants of India. She also has an MBA in Finance from Mumbai University.

Maisam Hasnain is a Vice President - Senior Credit Officer in Moody’s Corporate Finance Group. 

Based in Singapore, Maisam covers a portfolio of companies across the industrial, mining and plantation sectors in Southeast Asia. 

Prior to his move to Singapore in 2017, Maisam spent four years in Moody’s Hong Kong office covering a broad array of sectors, including telecommunications, communications infrastructure, building materials, and metals and mining. 

Maisam joined Moody’s in 2010 and started as an Associate in Moody’s Regional Product Strategy team, which is responsible for managing all aspects of Moody’s research and data service offerings, including new business initiatives. 

Maisam holds a double major in Economics and Finance, and a minor in Arabic from The University of Hong Kong. He is also a CFA charterholder.

Spencer Ng is a Vice President – Senior Credit Officer in Moody’s Public, Project & Infrastructure Finance team. Based in Singapore, Spencer is responsible for project finance and infrastructure credits, including power utilities, renewables and airports in South and Southeast Asia.

Prior to joining Moody’s in 2007, Spencer worked for Ernst & Young Transactions Advisory Services in their Project Finance team. Spencer has also held various analytical and accounting roles at ANZ Bank, JP Morgan and State Street Australia. 

Spencer holds a Bachelor of Economics and a Master of Commerce from the University of New South Wales. He is also a CFA charterholder.

Annalisa Di Chiara is a Senior Vice President in Moody’s Corporate Finance Group. Based in Hong Kong, Annalisa covers a portfolio of telecommunications, media and beverage companies throughout South and South East Asia. Annalisa is also a lead coordinator for Moody’s high-yield research and outreach initiatives for the Asia Pacific region.

Prior to joining Moody’s, Annalisa worked for UBS in credit related roles across debt capital markets and leveraged finance. She spent a significant portion of her career as a senior ratings advisor covering corporates across a variety of industries throughout the US, Asia and Europe. Annalisa has also worked for Credit Suisse and the Bank of New York as a Ratings Advisor and a Corporate Finance Banker. She has worked in Hong Kong for over 13 years.

Annalisa holds a double major from Brown University in Business Economics and English & American Literature.

Kai Hu is a Senior Vice President in Moody’s Corporate Finance Group, based in Shanghai. He covers a portfolio of large Chinese state-owned enterprises.

Before joining Moody’s, Kai worked in credit risk management, trade finance and project finance at various financial institutions, including Citigroup and China Merchants Bank in New York and Bank of Communications, Shanghai Pudong Development Bank in Shanghai.

Kai holds an MBA from Ross School of Business, University of Michigan, and a Bachelor of Shanghai Institute of Foreign Trade. He is also a CFA, FRM and a member of Chinese CPA association.

Stephen Tang is an Assistant Vice President - Analyst in Moody's Project and Infrastructure Finance Group, based in Hong Kong SAR. He currently is the primary analyst for Chinese Local Government Financing Vehicles (LGFVs).

Stephen began his career at Moody's in 2011, initially concentrating on China's property sector within the Corporate Finance Group. In 2014, he moved to the Greater China Credit Research and Analysis team, where he conducted credit research across multiple sectors and analyzed emerging trends in China's credit and bond markets.

Before assuming his current role, Stephen led a team of rating associates responsible for chinese corporate issuers.

He holds an MBA, a BBA in Finance and a B.Eng in Medical Engineering, all from the University of Hong Kong. Additionally, he is a CFA charterholder.

Daniel Zhou is an Assistant Vice President - Analyst within Moody’s Corporate Finance Group. Based in Hong Kong, Daniel covers a portfolio of Chinese property companies. 

Prior to his current role, Daniel worked as an Associate Analyst in Moody’s Ratings and Research Support team, and supported ratings for Chinese non-financial corporates, including utilities and property companies. Daniel also helped analyze project and infrastructure companies in South and Southeast Asia. 

Daniel holds an MBA and BBA in Accounting and Finance from The University of Hong Kong. He is also a CFA charterholder.