Paul Sheard has been Chief Global Economist and Head of Global Economics and Research for Standard & Poor’s Ratings Services since June 2012. Teams that Paul leads are responsible for providing the macroeconomic forecasts and analyses used by Standard & Poor’s analysts during the ratings process, for conducting fixed income research and analyzing credit ratings performance, and for developing credit rating methodologies. He is a member of the Standard & Poor’s Executive Committee and of the Executive Committee of parent company S&P. Previously, Paul held similar chief economist positions at Nomura Securities in New York and at Lehman Brothers in New York and Tokyo, and earlier he had been Head of Japan Equity Investments at Baring Asset Management. Paul speaks regularly at major conferences around the world and his views are frequently quoted in the international media. He was a member of the World Economic Forum Global Agenda Council on the International Monetary System in 2010-12. Earlier in his career, Paul was on the faculty at the Australian National University (ANU) and at Osaka University, and was a visiting researcher at Stanford University and at the Bank of Japan. Author or editor of several books and numerous articles on the Japanese economy, Paul won the Suntory-Gakugei Prize in the Economics–Politics Division for his book, The Crisis of Main Bank Capitalism. Paul received his bachelor’s degree from Monash University in Australia, a master’s degree in Economics and a Ph.D from the ANU.