Stephen Frost was educated in the UK at King's College, Cambridge University where he majored in theoretical physics. He is a Sloan Fellow of the London Business School and a member of the Association for Investment Management and Research (AIMR) and is a CFA charterholder. The author spent a decade working as head of regional financial institution research at UBS Securities and, more recently, at HSBC Securities in Asia, and has also worked in the banking industry in London and New York.