After graduating in business economics from University of California, Los Angeles, Joyce joined the Audit department of KPMG in Hong Kong, where she specialized in providing assurance related services to commercial banks and retail investment funds. With five years experience in public accounting, she left to help set up a private equity company, with responsibility for fund administration and operations. In January 2006, Joyce moved to Gavekal, where she oversees coverage of Asian economies and markets. She is a Certified Public Accountant in California (but we do not hold that against her) and a Chartered Financial Analyst. Joyce speaks English, Cantonese and Mandarin.