Douglas Borthwick is a Macro Analyst and FX Trader. Mr. Borthwick has over 20 years of experience in G20, and emerging markets foreign exchange and interest rate trading. He has managed trading desks at Faros Trading, Morgan Stanley, Merrill Lynch and Standard Chartered; in G20 forwards, Asian deliverable and non-deliverable forwards, and Latin American deliverable and non-deliverable forwards. He was the Head of Latin American non-deliverable forwards and options trading desks and a Director with Standard Chartered Bank from 2007 to 2009. As the Head of Standard Chartered's Latin American trading team, his primary responsibilities included proprietary trading and market making for global hedge fund, real money and corporate clients. Mr. Borthwick helped the bank grow and manage the trading business, delivering the firm's franchise in the U.S., China, Hong Kong, India, Singapore and South Korea. Prior to that, Mr. Borthwick was the Head of Strategic Trading within Foreign Exchange and a Director with Merrill Lynch. He traded deliverable and non-deliverable currencies in the G20 and emerging markets space along with proprietary indices and interest rate futures on a proprietary basis. From 1996 to 2005, Mr. Borthwick headed the G20 deliverable forwards and Asian non-deliverable forwards trading desks for Morgan Stanley, servicing daily flow from global hedge fund, real money and corporate clients in addition to trading the firm's own account on a proprietary basis. He advised hedge fund and corporate clients during the Asian crisis and traded in London, Hong Kong and Tokyo. Mr. Borthwick was also an analyst within the economic research department of Lehman Brothers. He was a member of the institutional investor ranked teams for both U.S. and Latin American economics. Douglas is frequently quoted by Bloomberg, Reuters, the Wall Street Journal, and the Financial Times and regularly appears on CNBC, Bloomberg Radio and Bloomberg TV. Mr. Borthwick holds a B.S. from Carnegie Mellon University, with a concentration in Economics and an M.B.A. from Yale's School of Management.