Sonja Gibbs is Deputy Director of the Capital Markets and Emerging Markets Policy Department of the Institute of International Finance (IIF), where her work on policy encompasses the international financial institutions and G-20 issues. She is also one of the authors of the IIF’s monthly Capital Markets Monitor, where her particular focus is on global banks and risk assessment in emerging markets. Ms. Gibbs has spent over 15 years in banking and financial markets, most recently with Nomura International inLondon, where she was Chief Equity Strategist. Previously she was Head of East European Economics and Senior European Bond Analyst for Nomura International; earlier positions included stints as a bank credit analyst andU.S.economist for First Interstate Bank and the Industrial Bank ofJapan. She has also worked in academia, teaching undergraduate microeconomics, and as a researcher for the Berkeley-Stanford Program on Soviet International Behavior. Ms. Gibbs is a Chartered Financial Analyst (CFA), and received her M.B.A. and Bachelor’s degrees from the University of California at Berkeley.