CRUF Chairs - CRUF

CRUF Chairs

The CRUF chairs facilitate the meetings in their territory.  Some territories appoint a chair for a fixed term, some have co-chairs that share responsibilities and some have a chair that rotates for each meeting.

Australia & New Zealand

Tanya Branwhite

CRUF Australia & New Zealand Chair

Tanya Branwhite is Head of Portfolio Construction at the NSW Treasury Corporation, which she joined in December 2018. She was previously with the Future Fund, where she was Director in the Listed Equities team and then served as Director of Market Insights and Portfolio Implications. Her career has included a number of roles in financial markets and asset management, including senior team leading roles at Macquarie Group, Credit Suisse Asset Management, Deutsche Bank and Citigroup Global Asset Management. She has chaired CRUF Australia and New Zealand since 2009.

Contact

Annie Gill, CRUF Secretariat

Canada

Robert Morgan

CRUF Canada Chair

Robert Morgan CFA CPA CGA has 20 years of financial analysis experience, mostly in credit. Robert started his career as an exploration geologist. After completing his MBA, he joined Scotiabank’s mining group. His career includes financial analysis and structuring off-balance sheet financings at Bell Canada, strategy for a public forest product company and a role as the VP of Finance for a private technology start-up.  Robert has served on a number of IASB technical committees, various CFA Institute standard setting committees and is a past Board Member of the Accounting Standards Board of Canada. He has chaired CRUF Canada since 2010.
Contact

Wenzel Reyes, CRUF Secretariat

Germany

Dr Lothar Weniger

CRUF Germany Chair

 Dr. Lothar Weniger holds an MBA degree in Finance and Accounting from McGill University (Montreal) and a PhD degree in economics from Kiel University (Germany). With his company AnnieLake International Advisers, he advises banks in the structuring and operating of their securities businesses. He has been a senior executive in the investment banking departments of various banks, among them UBS and Dresdner Bank. Until 2011, he headed the largest equity research team in Germany at DZ Bank. He is a member of the IFRS Advisory Council. He has chaired CRUF Germany since 2018.

Contact

Jennifer Straube, CRUF Secretariat

India

Rajesh Sehgal

CRUF India Chair

Rajesh is the Founder and Managing Partner of Equanimity Investments. He is a TiE Mumbai Board Member and co-chairs TiE’s FinTech Special Interest Group. He is a member of the Steering Committee of NASSCOM 10,000 Startups.  Rajesh has been an active secondary market investor for the last 24 years, 17 years of which he worked with the emerging markets group of Franklin Templeton. He also managed Franklin Templeton’s emerging markets private equity investments. He is a CFA charterholder and has also earned a post graduate diploma in securities law from Mumbai. Rajesh has chaired CRUF India since 2015.
Contact

Suraj Seth, CRUF Secretariat

Japan

Goro Kumagai

CRUF Japan Chair

Goro Kumagai is the Senior Fellow of the Strategic Research Department at Markets Strategic Intelligence Dept., the investment banking/brokerage arm of Mizuho Financial Group. He also serves for the Securities Analysts Association of Japan as the Executive Vice President on accounting matters. He is a part-time member of the Accounting Standards Board of Japan as well as a member of the IFRS Interpretations Committee. Prior to his appointment to the IFRS Interpretations Committee, he represented the Securities Analysts Association of Japan on the IFRS Advisory Council. He has chaired CRUF Japan since 2009.

Contact

Yoshiyuki Kure, CRUF Secretariat

South Africa

Kevin Harding

CRUF South Africa Chair

Kevin Harding joined Investec securities in 2017 as an Equity Research analyst covering African banks. Prior to joining Investec, Kevin was a Senior Manager in PwC’s Financial Services Risk and Regulation consulting practice in South Africa. He worked as part of a senior team, providing direction and support in the different phases of risk and regulatory projects for financial services clients, with a specific focus on the banking sector. Through these roles he gained specific knowledge and insight into the business and operating models underpinning financial services firms. Kevin is a chartered accountant, CA (SA).

Contact

Thamesha Chetty, CRUF Secretariat

UK

Jeremy Stuber

CRUF UK Chair

Jeremy Stuber is a global equity analyst at Newton Investment Management, leading on valuation and accounting issues across all sectors. His responsibilities include reviewing recommendations, challenging existing holdings and developing the valuation framework. Over the last 18 years he has covered various global sectors, including aerospace & defense, automotive, engineering and IT services. Jeremy previously worked as a management consultant with Cap Gemini. He is a Fellow of the Institute of Chartered Accountants in England and Wales, qualifying with Ernst & Young. He has chaired CRUF UK since 2018 and is a member of the Capital Markets Advisory Committee (CMAC), an advisory group of the International Financial Report Standards (IFRS) Foundation.  

Contact

Rachel Price, CRUF Secretariat

USA

Todd Castagno

CRUF USA Co-Chair

Todd Castagno is an Executive Director and Global Head of Valuation, Accounting & Tax within Morgan Stanley’s Research division. He publishes research on accounting, tax, and valuation topics. Todd helps oversee internal valuation and modeling methodologies and is a member of Morgan Stanley’s Research Stock Selection Committee. Todd also serves on the Financial Accounting Standards Board’s Investor Advisory Committee. Todd is a CFA charterholder and a Certified Public Accountant. He has co-chaired CRUF USA since 2015.

USA

Zhen Deng

CRUF USA Co-Chair

Zhen Deng joined CFRA Research as a Senior Analyst in 2007. She is responsible for global client projects, thematic research and technical advisory. Zhen came to CFRA with 8 years of experience as the U.S. accounting expert at UBS equity research, advising internal and external clients on financial reporting issues in equity analysis. Zhen has co-chaired CRUF USA since 2015.
Contact

Gregory Johnson, CRUF Secretariat

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

PwC provides ongoing administrative support to the CRUF and, if requested by CRUF participants, PwC may provide assistance on technical points. 

PwC does not influence the CRUF in its discussions or responses on any given topic, and any views expressed in comment letters or otherwise are the views of the individual CRUF participants involved, not the views of PwC.

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