World class experts to fight case
Published 11/09/2010 | 05:00
The experts hired by McKillen's legal team to support his case are:
- Dr Joseph E Stiglitz
THE Nobel Prize winning economist served as chief economist and senior vice president of the World Bank between 1997 and 2000.
Mr Stiglitz also served on former US president Bill Clinton's Council of Economic Advisers from 1993 to 1997 and was a member of Clinton's cabinet between 1995 and 1997.
Mr Stiglitz, who holds two academic posts in Columbia University in New York, has also held economic and finance professorships at Oxford, Stanford, Yale and Princeton Universities.
He was awarded the Nobel Prize in 2001 for work which he says is "directly relevant" to the McKillen case.
- Michael I Cragg
THE economic consultant with The Brattle Group has a PhD in economics from Stanford University and was an economics professor at Columbia Univer-sity and the Anderson school of management at UCLA.
He has investigated the balance sheets of major investment banks and companies including ABN-AMRO, Barclays, Royal Bank of Scotland, JP Morgan. He reported on major corporate failures including the bankruptcy of Lehman Brothers, Enron and AIG.
- John Trench
THE loan workout guru is employed by Risk Reward, a London-based risk management and banking consultancy.
With more than 40 years' experience in retail and commercial banking, Trench, a former HSBC senior manager, honed his craft during the UK's property crash in the 1990s.
He set up the risk management unit at British Arab Commercial Bank and, prior to his retirement from BACB last January, he managed the bank's workout group, a group he also founded.
- Joseph P Belanger
MR Belanger, who recently joined The Brattle Group, spent 26 of a 32-year career in the financial services industry with State Street Bank, the $11bn financial services company that has $16.4 trillion in assets under custody and employs almost 30,000 people worldwide.