AFS is chartered as a (501)(c)(3) not-for-profit corporation in the State of New York. It is supervised and operated by the Board of Directors elected on an annual basis. The Board is composed of Board officers (Chair, Vice Chair, Secretary General and Treasurer) and other board members.

AFS 38

AFS 2018 BOARD OFFICERS and EXECUTIVE COMMITTEE (EC)

Chairman Jack Xu Bank of New York Mellon
President Kewa Luo KIR Advisors LLC
Secretary General Frank Mah Transnational Capital Corp.
Treasurer Arnold Chu OTS/OCC

2018 Board Members

Shan Chen CubeTech Global Asset
Arnold Chu OTS/OCC
Morgan Jones New York City Economic Development Corporation
Yiting Liu Coalescence Partners
Kewa Luo KIR Advisors LLC
Frank Mah Transnational Capital Corp.
Charlie Peng Bank of China
Avery Starr Seatig Inc.
Johnny Su Real Estate Capital of America, Inc.
Jinfeng Tang Deutsche Bank
Qin Wang New York Life Investments
Loy Weng Morgan Stanley
Craig Williston Vaco New York
Jie Xiu  Becker Poliakoff
Jack Xu Bank of New York Mellon Corporation
Si Yang Federal Reserve Bank of New York
Blake Zhang HNA Capital Group




Jack Xu

Jack Xu

Jack Xu, CPA and CGMA, has over 20 years of professional experience in financial service and public accounting industries. He is currently a Director in the Regulatory Reporting and Policy Group at Bank of New York Mellon Corporation where he manages Basel and Volcker related regulatory reporting and policy advisory functions. Prior to this managerial role, Jack held VP position in Accounting Policy, SEC Reporting and Risk Management departments at Morgan Stanley between 2007 and 2015. He also has worked more than seven years in Merrill Lynch and Citigroup where he managed various critical Finance functions such as legal entity control, management reporting, broker/dealer accounting, and SEC reporting. Prior to working in Wall Street, Jack was a senior auditor at PricewaterhouseCoopers’ New York office between 1997 and 1999.Jack received MBA degree in Finance and BBA degree in Accounting from Baruch College, City University of New York. He is a Certified Public Accountant and a Chartered Global Management Accountant.


Kewa Luo

Kewa Luo

Kewa Luo is a proven investor relations professional with a track record of success in creating and managing corporate investor relations program. Since 2011, Ms. Luo has started operating her own IR practice, KIR Advisors LLC. The firm facilitates going-public, after-market support and equity/debt financing advisory services for emerging growth and small-to-medium sized companies across various industries. A key client is Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), where she serves as its VP and head of Public Relations. Although Kandi is a small cap company with a market cap of only $350 million, Ms. Luo has secured the company numerous conference appearances at high profile events sponsored by Bank of America Merrill Lynch, Morgan Stanley, Deutsche Bank, and other. She has also secured media appearances, most recently a meaningful segment on CNBC’s Fast Money.

Ms. Luo has over a decade experience in the investor relations profession. In February 2006, she began her career as the Investor Relations Manager of China Security & Surveillance Technology Inc.(CSR), a Chinese company cross-listed in the US and Dubai, where she launched and managed the corporate communications and investor relations function. In late 2009, she joined a NASDAQ-listed clean energy company as Vice President of Investor Relations, she was responsible for the company’s strategic global investor communications development and execution j j . She then became a VP at China US Venture Capital Group, where she assisted private Chinese companies to go public in the U.S. via an RTO or APO.

Ms. Luo documented her rise to the pinnacle of the investor relations industry in her acclaimed book, Wall Street Girl. The first run was published in May 2013 by Economy & Management Publishing House in Beijing, with a second printing done in January 2014. Ms. Luo received her B.A. in Communication Studies and Journalism Multimedia Arts, and her M.S. in Journalism Multimedia Technology from Duquesne University in Pittsburgh, Pennsylvania.


Frank Mah

Frank Mah

Frank Mah is a Managing Director at Transnational Capital Corp. (TCC), a New York City-based investment bank focused on raising private equity and debt capitals, providing M & A advisories, for emerging growth companies in China, the Americas and Europe. Frank has extensive experience in both the equity and high yield fixed income markets. His professional experience in Asia included China, Taiwan, Korea, Hong Kong and Macau. Prior to joining TCC, Frank held senior positions at global investment banks that included Lehman Brothers, Citibank, and Nomura Securities International. He started his career in Research at Donaldson Lufkin and Jenrette where he covered the Gaming, Lodging, and Food Retailing sectors. Frank was voted by investors into Institutional Investor Magazine’s All American Research Team in Gaming. He was born in Hong Kong and learned to speak Putonghua in New York City. Frank earned his MBA in Finance from Stanford University Graduate School of Business.


Arnold Chu

Arnold Chu

Mr. Chu has over 30 years of experience in the capital market financial world. Mr. Chu has provided leadership and visions within major financial firms: Bear Stearns, Schroders, and GMAC. At GMAC, he grew from his initial role as the business risk officer for GMAC RFC Securities to oversee the market/credit risk of the GMAC RFC Capital Market. In 2010, Mr. Chu broadened his experience in the governance and regulatory arena by joining the US Treasury Department – OTS. He supervised banks in the northeast region in the role of a capital market expert. In 2011, Mr. Chu moved to the Federal Housing Finance Agency where he supervises the housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.


Shan Chen

Shan Chen

Mr. Shan Chen is an entrepreneur with over 15 years of experience in alternative investment industry. He is well versed in private funds risk, compliance, and operations. Currently Mr. Chen is the head of US operations for CubeTech Global Asset, a full service solutions provider for cross-border investments, headquartered in Beijing, China. He also serves as a board member to Asian Financial Society, a non-profit organization based in New York dedicated to career development for finance professionals and promotion of China-US relationships in financial industry. Prior to CubeTech, Mr. Chen was co-founder of the financial technology firm ConceptONE. He served as CTO and head of analytics at CocneptONE. Under his leadership, the company grew its offerings to a full range of managed services including risk, compliance, middle-back office, and advisory with over 100 clients around the world. ConceptONE was recently acquired by a leading FinTech firm Axioma. Earlier in his career, Mr. Chen has been providing technology innovation and solutions to many major financial firms such as Chase Manhattan Bank and Deutsche Bank. He and his group were always the earliest to embrace new technologies in many of his business engagements. Mr. Chen holds a Master’s degree in Engineering from Unversity of Toledo and a Bachelor’s degree in Engineering from Tongji University.


Morgan Jones

Morgan Jones

Morgan A. Jones is AVP at the New York City Economic Development Corporation. Previously, Jones was Chief Operating Officer of the US-China Strong Foundation, Senior Emergency Management Specialist at NYU Langone Medical Center. Mr. Jones also served at the NYC Mayor’s Community Affairs Unit (CAU) and the Mayor’s Office of Housing Recovery under Mayors Michael R. Bloomberg and Bill de Blasio from 2010-2015. Mr. Jones was also the YMCA of Greater New York’s membership and marketing coordinator in their Flushing, Queens branch. While living in China, Mr. Jones was a Chinese-language radio show host for three years for a Jazz-related lifestyle program called Soulfire and performed as a Hip-hop and R&B vocalist nationwide. Mr. Jones obtained his Master of Business Administration from Cornell University’s Johnson Graduate School of Management, his Bachelor of Arts in Chinese Language and Literature from Middlebury College, and holds a graduate certificate from the Hopkins-Nanjing Center.


AFS 11

Yiting Liu

Yiting has 15 years of experience in investment, strategy and operations. She has worked for world class companies and has started companies from scratch. She is the COO and a partner of the Coalescence Partners, and a managing partner and an investment committee member of the New Hope-Coalescence private equity investments. Prior to Coalescence Partners, Yiting was a partner of HuiEn Capital and advised Chinese institutions and family offices looking to invest in the US and/or to joint ventures with U.S. institutions. Prior to HuiEn, Yiting was a co-founder and COO of Ray Shi Capital, an investment management company focused on small- and mid-cap Chinese equities. Prior to Ray Shi Capital, Yiting focused on the investment and management of Vision Opportunity China Fund (primarily private equity and PIPE). As the Vice President and head of Greater China, she was actively involved in the formation of Vision Opportunity China Fund and its IPO on the London Stock Exchange. Prior to Vision, Yiting worked at PepsiCo’s corporate strategy and development group at its global headquarters. Yiting started her career at the Boston Consulting Group in New York.

Yiting received a Bachelor of Arts degree in Applied Math with an Applied Field in Economics from Harvard University.


Charlie Peng

Charlie Peng

Mr. Charlie Peng is currently a Senior Vice President and head of Market Risk Management Department at Bank of China USA. His group is primarily responsible for overseeing the bank’s trading book market risk, and also the interest rates and liquidity risk in the banking book. Prior to that, he was a director in Global Risk Oversight group at American Express. His team is mainly responsible for financial & treasury risk modeling, market risk oversight, asset liability and liquidity risk management validation. Before that, he worked as a vice president at Bank of America Merrill Lynch in its Global Banking and Markets risk management group covering fixed income trading. He was primarily responsible for risk management in interest rates and foreign currency, credit and distressed assets and their derivatives trading. He worked in the middle office and finance areas at Merrill Lynch, where he led a team covering the risk, profit & loss and other operations of global currency and emerging markets business. He worked at Bank of America Merrill Lynch for nearly 10 years. Prior to joining Bank of America Merrill Lynch, he worked at Deloitte & Touche LLP as consultant in financial derivatives valuation and auditing advisory. Before that, he was a vice president of Investment Banking Department at China Merchants Securities Co. Ltd. Shanghai branch, responsible for equity IPO, merger & acquisition and other corporate financing business. He also worked as senior project manager of Investment Banking Department in Zhejiang Jinhua Trust and Investment Co.

Mr. Peng is a CFA Charter holder. He holds Master of Computer Science from State University of New York at Binghamton, Master of Economics at Fudan University and Bachelor of Economics at Nankai University. He has been a board member of Asian Finance Society since 2013. He was a leader and then an honorary vice president of Fudan University Alumni Association USA. He was quoted in media such as CCTV, China Business News, 21st Century Herald and China Daily.


Avery Starr

Avery Starr

Seatig Inc. delivers its pioneering data standards technology based on XBRL to Corporate Data Centers, Enterprise Internal Reporting, and Big Data Analytic Applications. The data standards technology is the key to solve the problem of Enterprise Information Silos in Corporate IT Architecture. The second line of Seatig’s business is to provide software consulting and outsourcing services to US companies especially financial services firms in New York area. Avery is a managing director of Seatig since 2008.

Prior to Seatig, she worked in Wall Street investment bank Bear Stearns and Platinum Grove Asset Management (a 6-billion-dollar hedge fund). At Bear Stearns, she was responsible for developing Bear Stearns’ firm-wide counterparty credit risk analysis system covering across a variety of financial products such as Equity, FX, Mortgage, Credit Derivatives, Interest Rate Derivatives, Energy, and Repo. At Platinum, she was a risk analyst in the firm-wide risk control group, developing risk analytical software (stress loss testing and scenario analysis) and performing day-to-day risk analysis and aggregations. Before she worked on Wall Street, she had been a computer scientist in IBM T. J. Watson Research Center researching business process model transformation, analysis, and optimization.

Avery has been actively serving Board Director of Asian Financial Society (AFS) since 2014 and she is currently the Committee Chair of AFS annual fintech competition award AFS alpha Award (AaA, http://www.afstoday.org/alpha/) to serve and recognize the excellence in the global fintech community. She served Head, Financial IT & Outsourcing of AFS 2009-2014. She was the Vice-chair of Columbia University Asia-Pacific Development Society (CUASIA) 2010-2015. She served Program Committee of IEEE International Enterprise Computing Conference (EDOC) 2006-2008. She also served as an officer 2009-2011 to the North American Chinese Entrepreneur Association.

Avery was awarded “Outstanding 50 Asian Americans in Business” in 2012 by Asian American Business Development Center in New York and was awarded Innovation & Entrepreneurship by North American Chinese Entrepreneur Association 2011 Annual Conference. She earned “Best Sponsors” award by Asian Financial Society in 2017.

Avery holds a Ph.D. of Computer Science and has 28 publications in software engineering including a book titled “Software Reuse and Industrialization” which can be purchased through Amazon for $107.


Johnny Su

Johnny Su

Johnny Su heads the Real Estate Capital of America, Inc. (ReCap) since 2006. ReCap was originally the finance division and advisor for GMAC Real Estate International Properties Group. He oversees the daily operation, management, and business production of ReCap and is the Chief Operation Officer/Founding Partner and Principal. ReCap has originated and funded over $2.8 billion in financing with its partners and affiliated lenders and institutions. Johnny Su is also the co-chair of Project Financing for Asian Financial Society and a private investor and ambassador for Gold Coast Bank in Long Island, NY. Johnny Su is known for his ability to handle and secure financing for complex commercial real estate transactions. He has extensive experience in sales management, loan origination, underwriting, processing and funding for commercial as well as residential finance. Besides his managerial duties, Johnny Su actively works on financing for his clients and is the top loan originator and producer for ReCap. He has been the top 3 commercial real estate loan broker in the NYC Asian community for the last 10 years and received many industry recognition including the outstanding achievement award from The New York Community Time.

Johnny Su is well regarded by his peers, colleagues, and friend as a source of wisdom and advice. He is a problem solver and a team leader that can work under pressure, time constraint, and deliver result. His diverse family business backgrounds span from hospital operation, manufacturer, real estate investment and management, jewelry sales and franchise, restaurant, import and export, and banking/financing.

He has a high honor in Business Management from Sage College, JCA, and Bachelor Degree in specialize studies in business and psychology from Ohio University.


Jinfeng Tang

Jinfeng Tang

Jinfeng Tang is currently Director and Treasurer for Deutsche Bank’s Asset and Wealth Management division in the Americas region. He leads the Asset Liability Committee (ALCO) and is responsible for managing the funding, liquidity, capital and market risks for bank assets and liabilities, including residential and commercial mortgages, structured loans, deposit products and security investments. He designs and implements strategies, including derivatives and securitization, to optimize the risk/return profile of bank portfolios and improve the capital efficiency. In addition, he has led the effort to explore the Chinese High Net Worth Individual (HNWI) market in the US and provided customized wealth management solutions to Chinese HNWIs. Prior to joining Deutsche Bank in 2007, Mr. Tang worked at BlackRock for three years, where he provided risk management and advisory services to major financial institutions, including Citibank and HSBC, and pioneered BlackRock Solutions’ business development in Asia. From 2001 to 2004, Mr. Tang managed portfolio analytics and reporting at Chase Home Finance, the residential mortgage business of JP Morgan Chase.

Mr. Tang received his MS in Financial Engineering from Columbia University in 2001 and MBA from the University of Georgia in 2000. He received his BS in Chemical Engineering and International Business in 1993 from East China University of Science & Technology.

In addition, Mr. Tang serves on the board of Asian Financial Society, a prominent non-profit organization for Asian financial professionals on Wall Street. He is both a CFA charter holder and a certified FRM (Financial Risk Manager).


Qin Wang

Qin Wang

Qin Wang, Ph.D, is currently as a Director in Investment Consulting Group at New York Life Investments, with the main responsibility of conducting investment due diligence on new product and target acquisition fund managers, as well as monitoring existing invested managers and supporting investment product distributions. Prior to that, he was director of investment at Kiski group, advising hedge fund clients on investment process, risk management and communication with institutional investors. He also held various position at AIG investment, Mizuho securities and Maverick Capital with focus on hedge fund investment, risk and portfolio management and quantitative research in both fixed income and equity product. He also had consulting and internship experience with Eastman Chemical, Federal Reserve Bank of Dallas and International capital management etc. Dr. Wang graduated from Dalian University of Technology with a B.S. in Business. He also received a M.A. with honors and a Ph.D. in Financial Economics from Southern Methodist University where he was a member of Omicron Delta Epsilon and was the recipient of a full four-year scholarship.


Loy Weng

Loy Weng

Loy Weng is currently a Vice President in the Credit Stress Portfolio Analytics Group at Morgan Stanley Firm Risk Management. He is the lead modeler of multiple key credit risk methodologies for the firm’s wholesale credit portfolio. His main responsibilities include: 1. Developing credit stress methodologies for internal risk management and regulatory purpose; 2. Assisting senior management in resolving risk issues through rigorous analytical framework. Before joining Morgan Stanley in 2014, Mr. Weng worked for JPMorgan Chase briefly in risk modeling area. Before that, he worked for Moody’s Analytics in consulting top tier banks in various aspects of wholesale credit risk modeling. Mr. Weng graduated from Stony Brook University in Long Island with a Ph.D degree in mathematics.


Craig Williston

Craig Williston

Craig Williston is a senior financial services expert with 25+ years’ experience in improving processes, controls and metrics through a combination of analysis and automation. He helped establish the Operational Risk function at E*TRADE and worked in Liquidity Risk on Resolution Planning (Living Wills) at BNY Mellon. Craig began his career as a technologist in the Insurance industry and carried this automation discipline with him into controllership roles at UBS and Banker’s Trust. At Deutsche Bank he headed Global Markets production credit reporting and was responsible for data quality, report production and analysis. More recently Craig has consulted on Operational Risk projects where he improved RCSA processes, executed Control Testing, and led several process mapping projects. These projects helped clients analyze and understand their processes through the documentation of current and future state process flows and helped identify control gaps and find areas of improvement to achieve strategic goals.

After performing balance sheet analysis in support of a Resolution Plan, he parlayed insights gained into gap analysis and work toward enhancing transparency of Liquidity analysis and automating the production of key liquidity ratios such as the LCR. Craig is also experienced in Data Analysis and Data Governance. Craig holds a Baccalaureate in Management Information Systems from the Questrom School of Business at Boston University and a Master’s degree in Finance from the Elkin B. McCallum Graduate School of Business at Bentley University.


Jie Xiu

Jie Xiu

Jie Xiu is a shareholder of the corporate and securities practice at Becker & Poliakoff. Her practice focuses on corporate, securities, mergers and acquisitions and a broad range of business and commercial matters. Jie represents complex, high-profile M&A and securities offering projects across the globe, including East and Southeast Asia, Europe and North America. Clients she has represented include multinational corporations and high-net-worth individuals in transactions ranging from billion dollar M&A transactions to start-up financings. She also represents a large number of Chinese companies in their listings on NASDAQ, NYSE and OTC Markets through IPO and RTO, in their public and private offerings of debt and equity securities, commercial transactions and compliance with securities laws. Her client base encompasses various industries including telecommunications, manufacturing, consumer products, real estate, retail and fashion, education, advertising, investment banking, financial services, pharmaceutical and biotech, energy and maritime industry. Prior to joining the Firm, Jie was Counsel of Locke Lord LLP. Her awards and recognition include New York “Rising Star” from 2011 to 2017 in the Corporate and Business section by Super Lawyer Magazine, a Thomson Reuters Service; “Top Women Attorneys in the New York Metro Area” in the Merger and Acquisition section, New York Times Magazine 2012-2016; 2014 Awardee of the Outstanding 50 Asian Americans in Business Awards, a most prestigious and still the only forum to highlight the achievements of Asian Americans across the United States; and the recipient of the Outstanding Contribution to AFS Board Award in 2014.


Si Yang

Si Yang

Si is a senior manager at the Federal Reserve Bank of New York (FRBNY). Prior to joining the FRBNY, he worked at CQS Asset Management (London) and Deutsche Bank (NYC & London). Si has a BS in Finance, Leadership & Consulting from State University of New York (Binghamton), and a MBA degree from Columbia Business School. Si serves as the President of the FRBNY’s Asian network (APNA), representing more than 10% (or about 400) of the Bank’s employees, and chairs the Executive MBA Student Board of the business school’s Leadership Center at Columbia University.


Blake Zhang

Blake Zhang

Blake Zhang is currently Deputy Chief Investment Officer at HNA Capital Group Co., LTD. Prior to that, he was a Vice President at Deutsche Bank Securities Asset & Wealth Management division. He used to work as an Associate Director at Daiwa Capital Markets America on proprietary trading desk’s market risk management from firm-wide corporate level and individual trader’s perspective. Prior to Daiwa, Blake had five years with JP Morgan Chase on modeling and analytical works in credit lending risk management. Further back, had eight years (1994-2001) in private equity industry in Singapore Pan Pacific Investment Group where he had $175 million transactional experience on 15 deal closed out of 150 businesses in various sectors such as real estate, consumer electronics, telecommunication and industrial product across the greater China area and North America region. Blake also had less than 2 years working in China MOFTEC system (today’s China Ministry of Commerce).

Blake Zhang was originally from Beijing, China. He graduated with MBA degree from NYU (Stern), MSc from National U. of Singapore and BSc from UIBE in Beijing. With over 20 years of experience across China, Singapore and USA markets, Blake is enriched with hands-on skills and professional experience to diagnose businesses from multiple angles and with various solutions on issues.