Two practitioners who spent their careers inside banks. Now independent, and working selectively with the institutions we understand best.
Chad & Liu was founded on a straightforward observation: the most consequential decisions in bank treasury and risk management are rarely served well by large advisory firms. Those engagements tend to optimise for coverage and process, not for the quality of judgement applied to hard problems.
We set up as an independent firm to do something different — work with a small number of clients at a time, bring genuine senior expertise to every engagement, and give advice unclouded by product sales or institutional conflict.
Our founders have each spent more than a decade inside the risk and treasury functions of major banks, across rate-sensitive balance sheets, liquidity crises, and regulatory cycles. We know the questions that matter, the constraints that bind, and the language that cuts through in board and regulator conversations.
Every engagement is led and delivered by a principal. There are no associates learning the industry on your time.
We do not sell products, refer to third parties for commission, or maintain relationships that could compromise our advice.
We work with a small number of institutions at any one time, which allows the depth of engagement our work requires.
Our value lies in telling clients what they need to hear, not what is easiest to say. That is what independence enables.
Two careers in banking, one shared commitment to independent, practitioner-led advisory.
Prior to founding the firm, Chad spent fifteen years in the treasury and ALM functions of two major international banks, most recently as Head of Balance Sheet Management at a Tier 1 institution. He led the redesign of the group's IRRBB framework following the Basel IRRBB standards, and chaired the ALCO secretariat through multiple rate cycles.
Chad holds a [degree] from [university] and is a [professional qualification]. Outside of client work he is an occasional contributor to industry working groups on behavioural modelling and IRRBB disclosure.
Liu's background is in liquidity risk and treasury operations, developed across more than a decade at institutions ranging from a mid-size regional bank to one of Asia-Pacific's largest financial groups. She has managed LCR reporting teams through regulatory implementation, designed intraday liquidity frameworks from scratch, and led contingency funding plan exercises that subsequently withstood real stress events.
Liu holds a [degree] in [field] from [university] and a [professional qualification]. She has presented at [industry forums] on intraday liquidity and is particularly interested in the intersection of treasury technology and risk governance.