To: Jeffrey Epsteinijeevacationagmail.comj
From: David Stem
Sent Sat 2/20/2010 12:58:08 AM
Subject: Re: Re:

some of the below was mentioned during discussion and has not been verified

Desmond Shum

- Chinese Name: Shum Tong

- Age: 41

- Family: wife Whitney, one son, living in Beijing

- apparently private links to Beijing Mayor office

- very US oriented, keen on public image, exposure and to "be seen"

- keen to be associated with Harvard University (Desmond & Whitney Shum Fellowship at Fairbank Center - apparently US$ 40k / year)

- no significant achievements for Chinese elite - "missed the boat" (no real completed project / successful deal)

- involved with China Vest, mediocre US-China private equity fund, around for 25 years, never managed to get more than US$400m - received no respect from Chinese

- Current Vice Chairman and CEO, Airport City Development Co,and Airport City Development Corporation in Beijing, China. (logistics park and cargo/warehouse facilities located at Beijing Airport targeting the North East China)

- Current Chairman of Great Ocean Group (his investment group - trying to get public profile but no substance to date)

- Former CEO of Consultancy (CNWireless Consultancy)

- Member of the 11th session of Beijing's Political Consultative Conference

- Honorary Trustee of Tsinghua University.

- Member of the Standing Committee of Institute of Finance & Banking, Chinese Academy of Social Sciences,

- Founder of Kaifeng Foundation China (scholarships/education)

- Bachelor's Degree in Finance and Accounting from University of Wisconsin - Madison and an EMBA graduate at a joint program ofKellogg School of Business of Northwestern University and Hong Kong University of Science & Technology and Chartered Financial Analyst ("CFA").

- Member of the 2005 class of Henry Crown Fellows at the Aspen Institute

On 19 Feb 2010, at 21:51, Jeffrey Epstein wrote:

more details please.

On Fri, Feb 19, 2010 at 1:47 PM, David Stern <d████████████████> wrote:

Have background info on Desmond Shum - if you need it.
As you correctly analysed, not the right guy for us for a major asset management
platform.

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