Hal S. Scott
Hal S. Scott is the Emeritus Nomura Professor of International Financial Systems at Harvard Law School (HLS), where he taught from 1975-2018. His HLS courses were on Capital Markets Regulation, International Finance, the Payment System and Securities Regulation. He is currently an adjunct Professor of Public Policy at the Harvard Kennedy School of Government where he teaches Capital Market Regulation. He will also be teaching International Finance at the Boston University Law School in Spring 2019.
He has a B.A. from Princeton University (Woodrow Wilson School, 1965), an M.A. from Stanford University in Political Science (1967), and a J.D. from the University of Chicago Law School (1972). In 1974-1975, before joining Harvard, he clerked for Justice Byron White.
He is the Chairman and President of the Program on International Financial Systems (PIFS), founded in 1986. Besides doing research, the Program organizes the annual invitation-only U.S.-China, U.S.-Europe, and U.S.-Japan Symposia on Building the Financial System of the 21st Century, attended by financial system leaders in the concerned countries. The Program has also organized special events on important topics like international accounting standards, enforcement and ring fencing. HLS is the non-financial sponsor or these events. In addition PIFS partners with Executive Education at Harvard Law School in offering executive education for financial regulators.
Professor Scott’s books include the law school textbook International Finance: Transactions, Policy and Regulation (22nd ed. Foundation Press, forthcoming 2018); Connectedness and Contagion (M.I.T. Press 2016) and The Global Financial Crisis (Foundation Press 2009).
Professor Scott is also the President of the Committee on Capital Markets Regulation, a bi-partisan non-profit organization organized in 2006, dedicated to enhancing the competitiveness of U.S. capital markets and ensuring the stability of the U.S. financial system via research and advocacy.
He is also a member of the Bretton Woods Committee, a member of the Market Monitoring Group of the Institute of International Finance, a past independent director of Lazard, Ltd. (2006-2016), a past President of the International Academy of Consumer and Commercial Law and a past Governor of the American Stock Exchange (2002-2005).
Stefan M. Gavell
Stefan Gavell is Executive Vice President and Global Head of Regulatory, Industry and Government Affairs for State Street Corporation with responsibility for global regulatory, industry and government relations. In this position, he is responsible for representing State Street with regulators, legislators and other policymakers worldwide.
Mr. Gavell has supported and been actively involved in the Program on International Financial Systems as a speaker and moderator for more than 10 years.
Representing State Street, and in conjunction with leading industry associations, Mr. Gavell has successfully advocated on legislative and regulatory issues, in the US, Europe, and Asia, on banking, securities and asset management matters.
Mr. Gavell has deep experience in financial markets, market regulation and governance as a result of his close to 40 year career and has held numerous positions at State Street, including as Treasurer, acting CFO, and Head of International Global Markets, and has held expatriate assignments in Hong Kong, Japan, the UK and France. He currently holds positions as President of State Street International Holdings, and on the Board of State Street Global Markets, LLC. He currently serves or has served on served on numerous governance committees including management, financial policy, asset and liability, compliance and conduct, and numerous bank, investment management, and securities subsidiary boards.
He joined State Street in 1990 as General Manager in Japan.
Mr. Gavell is a member of numerous professional bodies, including long tenure as President of the American Bankers Association Securities Association. He currently serves on the board of the Global Financial Markets Association, and is a frequent speaker on banking and financial markets topics at conferences and seminars.
Stefan received his B.A. in Economics and Government from Oberlin College and his M.B.A. from Columbia University.
John Gulliver is also currently the Executive Director of Research for the Committee on Capital Markets Regulation, where he develops and seeks to implement policy reforms to the regulation of securities markets and financial institutions. In doing so, John works closely with the Committee’s members and meets with regulators and policymakers on Capitol Hill. He also manages the Committee’s research team. Prior to joining the Committee, John was a research associate for the MIT Laboratory for Financial Engineering, where his work focused on the development of a market-based approach to bank capital requirements. He also worked as an Associate for ACA Compliance Group, where he supported the General Counsel. John is a graduate of Harvard Law School and the University of Manitoba.
Jacqueline McCabe is also the Deputy Director of the Committee on Capital Markets Regulation. She serves at the Committee and PIFS in a part-time capacity offering legal advice on management issues. Prior to her current role, Jackie served as Executive Director of CCMR from 2011 – 2012. Before joining the Committee, she served for seven years as a Vice President and Assistant and Associate General Counsel at Goldman Sachs & Co. At Goldman Sachs, Jackie worked within the investment management division (“GSAM”) where she was responsible for GSAM’s private investment funds and managed accounts with institutional clients. Prior to that, she was an associate at Skadden, Arps, Slate, Meagher and Flom in their Investment Management Group. Jackie graduated from Harvard Law School and from Princeton University with an A.B. in History.
Whitney Vasey is Director of events for the Program on International Financial Systems. Whitney manages the day-to-day management of PIFS annual international symposia, in addition to other specialized events. Previously, she held positions at the U.S. Chamber of Commerce and the U.S. Consumer Product Safety Commission in Washington, DC. Whitney holds degrees in international business and Spanish from Georgia College and State University. She lives in Boston and is married with three children.
Hillel Nadler joined the Program in October 2018 as a Senior Research Fellow. Prior to joining the Program, he practiced law at Ropes & Gray in Boston in the firm’s tax group, primarily advising private equity funds, hedge funds and mutual funds on U.S. and international tax matters related to their structuring, operation, investment activities and transactions. Before joining Ropes & Gray, Hillel served as a law clerk for Judge Frank H. Easterbrook of the U.S. Court of Appeals for the Seventh Circuit. Hillel received an A.B. in Philosophy from Harvard College, where he graduated magna cum laude and was elected to Phi Beta Kappa. He received a J.D. with high honors from the University of Chicago Law School, where he was a Rubenstein Scholar, a Kirkland & Ellis Scholar and an Articles Editor on the University of Chicago Law Review, and was inducted into the Order of the Coif.
Elaine Hsu is the Deputy Office Manager to the Committee. Prior to her current role, Ms. Hsu was a Professional Research Assistant at The University of Colorado Denver in the department of Neurology. During her time in the department, Ms. Hsu worked with a research team focused on Neuromyelitis optica. Ms. Hsu earned her Bachelor of Arts degree from University of Colorado Denver.