Michael Phillip is best known in the futures industry for his extraordinary leadership during the Barings crisis. During the early 1990s he headed Merrill Lynch’s global futures and options business, then rose to positions of significantly greater responsibility at Deutsche bank and most recently at Credit Suisse First Boston. When Barings collapsed in the spring of 1995, the FIA formed a task force to deal with the crisis and named Philipp as its leader. Within three months, the task force had conducted surveys worldwide with investors, intermediaries and exchanges and had produced a comprehensive series of recommendations that are still used as a central source for industry best practices. At Deutsche Bank, he held several senior positions from 1995 to 2002, including chairman and chief executive officer of Deutsche Asset Management. Most recently, he was named chairman and chief executive officer of CSFB Europe, Middle East and Africa and a member of the CSFB management council and executive board.