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Webinar presented by CFA Institute Research Foundation

Webinar Presentation

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With the largest GDP among ASEAN countries, demographic advantages, and a robust stock market, the outlook for Indonesia is promising. Regulatory reforms and initiatives to develop the country’s capital markets should help investors.

Malaysia has an open economy, a thriving stock exchange, and one of the most active bond markets in Asia. It is also a major hub for Islamic finance. Now the country’s regulatory authorities are focusing on fintech and alternative funding.

The Philippines’ recent rapid economic growth has not translated to capital markets, which remain small relative to Asian peers. The country is implementing projects to improve liquidity and broaden the investor base.


  • Larry Cao, CFA, Senior Director, Industry Research, CFA Institute
  • Ignatius Denny Wicaksono, CFA, CIPM, Head, Business Development Division, Indonesia Stock Exchange
  • Jin Yoong Chong, CFA, Director, CFA Society Malaysia
  • Mark Ilao, CFA, CIPM, Business Development Manager, COL Financial Group

Watch the Webinar

Duration: 1 hr 3 min.

Recorded: 7 September 2021.



Larry Cao
Larry Cao CFA

Larry Cao, CFA, is senior director of industry research at CFA Institute. He conducts original research with a focus on investment industry trends and investment expertise. Mr. Cao’s current research interests include multi-asset strategies and fintech. He frequently speaks at industry conferences on these topics and has more than 20 years of experience in the investment industry. Mr. Cao started his career at the People’s Bank of China as a US dollar fixed-income portfolio manager. He has worked at HSBC as senior manager for the Asia-Pacific region; Munder Capital Management, managing US and international equity portfolios; and Morningstar/Ibbotson Associates, managing multi-asset investment programs for a global financial institution clientele. Mr. Cao has been interviewed by a wide range of business media, including Bloomberg, CNN, the Financial Times, South China Morning Post, and the Wall Street Journal. He pursued graduate studies at Harvard University and was a visiting scholar at MIT.

Ignatius Denny Wicaksono, CFA
Ignatius Denny Wicaksono CFA, CIPM

Ignatius Denny Wicaksono, CFA, CIPM, is head of the business development division at Indonesia Stock Exchange (IDX). His main responsibility is to support IDX and Indonesia Capital Market’s initiatives to ensure a fair, orderly, and efficient capital market. Mr. Wicaksono holds an MBA from I.A.E. Grenoble, a master’s of management degree from the University of Indonesia, and a bachelor’s degree in electrical engineering from the University of Indonesia.

Jin Yoong Chong
Jin Yoong Chong CFA

Jin Yoong Chong, CFA, is director and principal trainer at Ogos Learning and co-founder of StudyLisa.com. Ogos Learning provides education services in the field of banking and finance, and StudyLisa.com is a mobile chat-based e-learning platform that caters to exam takers. Before forming Ogos Learning, he headed the structured products development team in AmBank’s Global Markets division and worked as a licensed fixed-income dealer at OSK Investment Bank. Mr. Chong is actively involved with the Asian Institute of Chartered Bankers (AICB) as an examiner, trainer, and curriculum developer for various examination programs. He also has authored and co-authored multiple textbooks in collaboration with AICB and Oxford Fajar, including textbooks for the PKMC licensing exam that is compulsory for all practicing interbank dealers in Malaysia. Mr. Chong obtained the PKMC certification with distinction. He currently serves as treasurer of CFA Society Malaysia.

Mark Ilao
Mark Ilao CFA, CIPM

Mark Ilao, CFA, CIPM, is a business development manager at COL Financial Group, Inc., where he currently heads the first online funds distribution platform in the Philippines: COL Fund Source. Previously, he was an investment analyst for BDO Trust and Investments Group, covering equity, fixed income, and macroeconomic research and strategy.