Wall Street veteran, merchant banker, equities trader, economist, finance professor, entrepreneur — iconoclast — Michael Pettis is a unique individual living and working in China, at the heart of the world’s most exciting and vibrant economy.
Having learned firsthand how markets operate during his years on Wall Street, Michael has taken his knowledge and insight and applied them to the Asian financial markets as an expert analyst, commentator, and participant. His work and research focuses on monetary policy, trade policy, and the development of the banking and financial markets in China.
Michael is the author of The Volatility Machine: Emerging Economics and the Threat of Financial Collapse. The book is a classic examination of the causes of financial crises in emerging-market countries and is critical reading for investors, businesspeople and anyone else interested in understanding where the international economy is going.
His current book is Avoiding the Fall: China's Economic Restructuring. He is also co-author of the recently published The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy.
Michael is a contributor to the Financial Times. He is published in Foreign Affairs, Foreign Policy, Far Eastern Economic Review, and The Wall Street Journal, just to name a few. Pettis writes an influential and widely-respected blog China Financial Markets.
"The worse things have looked for the world financial system, the more the world has heard from a Beijing-based financial expert named Michael Pettis, whose blog, China Financial Markets, is one of a handful I check for clues about what is happening in the Chinese economy."
— James Fallows in The Atlantic
"Anyone who cares about China is going to check in to see what Mike is thinking," says Hans Humes, president of New York hedge fund Greylock Capital Management, who worked with Pettis in the 1980s at Manufacturers Hanover Trust. "They would be crazy not to."
— Business Week
An entrepreneur and music lover, Michael is a force in the Beijing indie-music scene as a club owner, talent manager representing local bands, and record label owner.
- Professor, Peking University’s Guanghua School of Management
- Senior Associate, Carnegie Endowment for International Peace
- Member, Board of Directors, ABC-CA Fund Management Co., a Sino–French joint venture based in Shanghai
- Former trader, Manufacturers Hanover
- Former Managing Director-Principal heading the Latin American Capital Markets and the Liability Management groups, Bear Stearns
- Former head, emerging markets trading team, Credit Suisse First Boston
- Co-founder, D-22, an indie rock club in Beijing.
- Music talent manager; record label owner
- Member, Institute of Latin American Studies Advisory Board , and Dean’s Advisory Board, School of Public and International Affairs, Columbia University
- MBA in Finance, Columbia University
- MIA (Master of International Affairs) in Development Economics, Columbia University.