Pierre Chao is a Senior Fellow and Director of Defense-Industrial Initiatives at CSIS where he directs a team of five focused on policy issues related to the defense industrial base, including defense industrial policy, acquisition reform, trans-Atlantic relations, export controls, and technology/innovation policy. Before joining CSIS in 2003, Pierre was a managing director and senior aerospace/defense analyst at Credit Suisse First Boston from 1999-2003, where he was responsible for following the U.S. and global aerospace/defense industry. He remained a CSFB independent senior adviser from 2003-2006. Prior to joining CSFB, Pierre was the senior aerospace/defense analyst at Morgan Stanley Dean Witter from 1995-1999. He served as the senior aerospace/defense industry analyst at Smith Barney during 1994 and as a director at JSA International, a Boston/Paris-based management-consulting firm that focused on the aerospace/defense industry (1986-88, 1990-93). Pierre was also a co-founder of JSA Research, an equity research boutique specializing in the aerospace/defense industry. Before signing on with JSA, he worked in the New York and London offices of Prudential-Bache Capital Funding as a mergers and acquisitions banker focusing on aerospace/defense (1988-90). Pierre garnered numerous awards while working on Wall Street. Institutional Investor ranked Pierre's team the number one global aerospace/defense group every year eligible from 2000-02 and he was on the Institutional Investor All-America Research Team every year eligible from 1996-2002. He was ranked the number one aerospace/defense analyst by corporations in the 1998-2000 Reuters Polls, the number one aerospace/defense analyst in the 1995-99 Greenwich Associates polls, and appeared on the Wall Street Journal All-Star list in four of seven eligible years. In 2000, Pierre was appointed to the Presidential Commission on Offsets in International Trade. He was a member of the 2005 Defense Science Board Summer Study (Assessment of Transformation), 2006 DSB Summer Study (Strategic Technology Vectors), and the 2006/2007 DSB Task Force on the Health of the Defense Industry. He was also a member of a National Research Council study on Critical Technology Accessibility (2006) and a member of an Army Science Board task force on Use of Venture Capital (2001). He is also a guest lecturer at the National Defense University and the Defense Acquisition University. Pierre earned dual Bachelor of Science degrees in Political Science and Management Science from M.I.T.