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September 27, 2006

An Inside View of Iraq ... Working Toward Financial and Political Stability
Kevin Woelflein, MIT '54

What is Iraq really like—the country, the people, their perspective, their hopes? What are the prospects for Iraq becoming a financially and politically stable country? How do they get there? What progress has been made? And what are we as a country doing to help? Come hear an insider’s view as one of our MIT alums shares his unique personal experiences, including how an MIT Chemical Engineer became a renowned global banker!

Kevin Woelflein will tell us about the Iraqi people and discuss the extraordinary challenges that Iraq faces as it rebuilds, what financial milestones have already been accomplished, and what lies ahead. He will discuss how corruption and the religious balance affect Iraq’s “Unity” Government, and its ability to create and maintain stability. He will also touch on the tribal realities of the Kurdish situation, with its own structure and Central Bank.

Kevin is a uniquely experienced financial executive with more than twenty-five years of domestic and international banking responsibilities. He has a BS in Chemical Engineering from MIT and an MBA from Wharton. In 1975 he got his first introduction to Iraq as founding President of an Arab consortium bank, UBAF Arab American Bank, in New York City. In 2003, he became part of the Coalition Provisional Authority as Advisor to all of Iraq's nineteen private banks on strategic and operational issues to recover from the repression of the previous regime and the destruction of the 2003 invasion. At the present time, he is Advisor to one Iraq Private Bank, North Bank, headquartered in Baghdad with branches in the North.

His background includes the formation or redevelopment of several financial institutions. Kevin did apply his Chemical Engineering early in his career, when he was on a three-person team at Atlantic Refining Company that developed the first computer simulation of a complete oil refinery, from crude through products. He has received several major awards from the U.S. Government as well as a MIT Corporate Leadership Award.

Date: Wednesday, September 27, 2006
Time: 6:00 PM - Social Hour (cash bar)
         7:00 - Dinner
         8:00 - Kevin Woelflein
Location: Renaissance Hotel, Philadelphia Airport
         phone: 610-521-5900 (Web site)
         Directions from I-95: see below
Cost: $30 for dues-paying Members and their guests
         $40 for non-members

Reservations:
     Deadline: Friday, September 22
     On-line, via MIT Infinite Connection:
https://alum.mit.edu/smarTrans/user/Register.dyn?eventID=6776&groupID=158

For Questions: Lucie Wilkens, 610-444-3242
   e-mail: l.s.wilkens@alum.mit.edu

Directions from I-95:
From the North:
   I-95 South to Exit 9a – Essington/Rt. 420
   Turn Left at First traffic light onto Route 291 East / Industrial Hwy
   At 5th Traffic light, turn right into Renaissance Parking Lot

From the South:
   I-95 North to Exit 9A. – Essington/Rt. 420
   Continue to light.
   Turn left at First traffic light onto Route 291 East/Industrial Hwy
   At 5th Traffic light, turn right into Renaissance Parking Lot

Posted by webmaster at September 27, 2006 06:00 PM