Kaiwan Master

▪ Led strategic research & executive advisory engagements on AI, on-chain money & payments for senior leaders.
▪ Assess competitive dynamics, regulatory developments & emerging business models to identify implications for FIs.
▪ Present findings & facilitated strategic discussions with senior executives, investors through roundtables & 1:1 meetings
▪ Advise Citi businesses (Markets, Banking, Securities Services) & their clients on opportunities/risks from changing markets
▪ Co-authored flagship reports reaching over 100, 000 readers globally with citations across media houses & conferences

Selected Strategic Research & Advisory Projects:
* Tokenization 2030 - Wall Street On-Chain: Assessed implications of tokenization for banks, exchanges, market infrastructure
* Stablecoins 2030 - Web3 to Wall Street: Evaluated adoption scenarios & strategic implications for payments & digital money
* Quantum Threat - The Trillion Dollar Security Race Is On: Assessed quantum security risks & transition pathways for finance
* Agentic AI - Finance & the ‘Do It For Me’ Economy: Examined implications of autonomous AI agents on business models
* AI in Finance - Bot, Bank & Beyond: Analyzed adoption trends, profitability impact & competitive implications

▪ Assessed the strategic implications of emerging technologies including AI, quantum computing, blockchain for finance
▪ Developed research & advisory content for senior executives, clients & policymakers on digital assets & financial innovation
▪ Lead co-author of Citi’s flagship report “Citi GPS” titled Metaverse & Money (2022)

▪ Led premier report series ‘Citi GPS’ (The Bank of the Future (2018), Bank X (2019), Future of Money (2021))
▪ Led the banks’ team weekly flagship report “Global Banks Insights” containing data analysis & recommendations
▪ Youngest Senior Associate to be promoted to Analyst in first attempt at Citi Research; Consistent top performer in appraisals
▪ Led strategic analysis of global bank stocks (HSBC/STAN), including modeling, valuations & investment thesis
▪ Managed & developed a 13-member team, overseeing recruitment, performance management, training & project delivery
▪ Presented investment theses & industry insights to investors, responding to bespoke requests & strategic discussions

▪ Supported coverage on 22+ China financial stocks - model building, forecasting, valuations, mgmt. discussions
▪ Independent shadow coverage of China Everbright (165.HK) - building investment thesis, interacting with clients
▪ Initiated 10+ stocks; worked on 12+ deal vets - price discovery, modeling, building investment case, writing reports
▪ Produced thematic research on developments in China’s P2P market, including a proprietary framework to assess risks
▪ Collaboratively worked with 25+ analysts across Asia, developing stock strategy for investment in banking sector
▪ Built & maintained large industry databases using Bloomberg, CEIC, DataStream, Dealogic & SNL Financial

• Instrumental in setting up research coverage for ASEAN banks, co-initiating coverage of 20 bank stocks in under a year
• Generating investment themes, studying macroeconomic trends & synthesizing ideas into writing actionable reports
• Worked on 5 IPO deal vets with bankers - involved in price discovery, investment thesis development
• Creating marketing presentations, handling client requests independently from buy-side firms like Fidelity, Templeton on ASEAN by clients