| Pierre Chao |
Director of Defense Industrial Initiatives
International Security Program
Phone: (202) 775-3128
E-mail: pchao@csis.org Expertise: U.S. defense industry, European defense industry, health and management of the global defense industrial base, trans-Atlantic defense-industrial relations, commercial aerospace industry, procurement reform.Before joining CSIS, Chao was a managing director and senior aerospace/defense analyst at Credit Suisse First Boston from 1999-2003, where he was responsible for following the U.S. and global aerospace/defense industry. He remains a CSFB senior adviser. Prior to joining CFSB, Chao was the senior aerospace/defense analyst at Morgan Stanley Dean Witter from 1995-1999. He served as the senior industry analyst at Smith Barney during 1994 and as a director at JSA International, a Boston/Paris-based management-consulting firm that focused on the aerospace/defense industry (1986-88, 1990-93). Chao was also a co-founder of JSA Research, an equity research boutique specializing in the aerospace/defense industry. Before signing on with JSA, he worked in the New York and London offices of Prudential-Bache Capital Funding as a mergers and acquisitions banker focusing on aerospace/defense (1988-90). Chao garnered numerous awards while working on Wall Street. Institutional Investor ranked Chao's team the number one global aerospace/defense group in 2000-02 and he was on the Institutional Investor All-America Research Team every year eligible from 1996-2002. He was ranked the number one aerospace/defense analyst by corporations in the 1998-2000 Reuters Polls, the number one aerospace/defense analyst in the 1995-99 Greenwich Associates polls, and appeared on the Wall Street Journal All-Star list in four of seven eligible years. In 2000, Chao was appointed to the Presidential Commission on Offsets in International Trade. He is also a guest lecturer at the National Defense University and the Defense Acquisition University. Chao has been sought out as an expert analyst of the defense and aerospace industry by the Senate Armed Services Committee, the House Science Committee, Office of the Secretary of Defense, DoD Defense Science Board, Army Science Board, NASA, DGA (France), NATO and the Aerospace Industries Association Board of Governors. Chao earned dual Bachelor of Science degrees in Political Science and Management Science from M.I.T.