27 March 2014


Chatham House is pleased to announce the recipient of the inaugural Julius Fellowship in International Economics.

Julia Fung-Yee Leung, visiting fellow at Harvard University Asia Center, and formerly Under-Secretary for Financial Services and the Treasury for the Government of Hong Kong, will take up the nine month fellowship in April 2014.

Working within the International Economics department at Chatham House, Ms Leung’s research will focus on the policy response to the global financial crisis in Asia.

The Julius Fellowship, created to honour Dame DeAnne Julius, chairman of Chatham House (2003-12), forms part of the institute’s wider aim to create an ever-expanding network of independent thinkers on international affairs. They will bring new international perspectives and voices to the institute and into Western policy, and they will drive the debate of new ideas for the global economy and its governance.

Previously, Ms Leung worked for the Hong Kong Monetary Authority, where she was responsible for strategizing and coordinating financial markets initiatives related to central bank and finance ministries in the Asia Pacific region. She was responsible for market surveillance, economic research and collaborative initiatives related to the People’s Bank of China (PBoC) and State Administration of Foreign Exchange.  Most notable was her work done collaboratively with the PBoC to introduce narrow RMB banking business in 2004 and to launch the inaugural RMB bond in Hong Kong in 2007.

Prior to that she worked for ten years as Chief Correspondent at The Asian Wall Street Journal, reporting on China’s political, economic and financial developments, as well as the banking activities of Hong Kong and Taiwan.

Dame DeAnne Julius says: ‘I am delighted that Julia Fung-Yee Leung has been chosen as the inaugural Julius Fellow in International Economics.  Her deep policy experience will add to the richness of economic discussion at Chatham House, especially as it explores the implications of the rising economic power of Asia.  As well as contributing to the institute’s research, she will also have the opportunity to enrich her own international perspective through participating in the institute’s workshops, seminars and conferences, along with other visiting fellows and research staff.’

Notes to Editors

DeAnne Julius served as Chairman of Chatham House from 2003 to 2012. She has been a member for more than 25 years and was Head of International Economics from 1986 to 1989.

After receiving her PhD in economics from the University of California, she joined the World Bank where her work took her to many Asian and African countries. After moving to the UK and working at Chatham House, she went on to become Chief Economist at Shell and British Airways. She was then chosen as a founding member of the Monetary Policy Committee at the Bank of England. From 2001 to 2004 she served on the Court of the Bank. For the British government she chaired the Banking Services Consumer Codes Review Group and the Public Services Industry Review.

Dame DeAnne is a dual US/UK citizen. She currently serves on the boards of Jones Lang LaSalle (US), Roche Holdings SA (Switzerland) and Deloitte (UK). She is a former board member of BP, Lloyds TSB and Serco. She has written five books and numerous papers on subjects ranging from foreign direct investment to strategic planning and corporate governance. She holds four honorary doctorates and was awarded a DCMG in 2013.