【Background Information】

In addition to describing his own experience in China, Jack will discuss the ways in which China's different cost perspective is impacting cost structures and market and technological development in the global economy. China's different, and lower, cost perspective makes it imperative for international companies to develop and empower a local management team which has the same cost perspective as its competitors and customers for long term success in the China market. Jack will explain how ASIMCO has developed its high quality local management team.

Jack is the founder, chairman and chief executive officer of ASIMCO Technologies, one of the most important players in China’s automotive components industry. Prior to coming to Asia and China, Jack was a partner in a leveraged buyout firm with John Kluge, the legendary telecommunications mogul, and was the head of investment banking at Paine Webber, now part of UBS. Jack received a Bachelor of Arts degree (cum laude) from Yale University and an MBA degree from the Harvard Graduate School of Business Administration.

ASIMCO Technologies Limited is a privately held, large scale, multi-product components manufacturing organization based in Beijing, China with global reach and managed by an international team in partnership with experienced local managers.  With sales of USD$500 million, ASIMCO operates 17 manufacturing facilities and a network of 52 sales offices in China, and regional offices in the U.S., U.K. and Japan.  Since its formation in 1994, ASIMCO has substantially expanded its activities in supplying both the Chinese and international automotive markets. In 2005, ASIMCO Technologies was named one of the “10 Best Employers in China” ranking third in a survey conducted by Hewitt Associates and 21st Century Business Herald.