Michael Pettis is a Professor of Finance at the Guanghua School of Management at Peking University in Beijing, China. He is an expert on the banking and financial markets in China, topic on which he has taught courses, conducted research, and published numerous papers. Prior to his tenure at Guanghua, Mr. Pettis spent fifteen years as a banker and trader on Wall Street, serving most recently as a Managing Director and Head of Liability Management and Latin American Capital Markets at Bear Stearns. Mr. Pettis also currently serves as a Senior Associate at the Carnegie Endowment for International Peace. He holds an MBA in Finance and an MIA in Development Economics from Columbia University.