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Financial innovator reveals secret to successful markets

13 September 2012



Mr Shah (right) and Prof Cherian (2nd from right) interacting with the audience during the dialogue session

Up-to-date technologies and innovations are key elements that fuel the growth of business globally, especially with the current complex trading systems involving large amount of currencies and commodities. Mr Jignesh Shah, Chairman and Group CEO of Financial Technologies Group, pointed out this trend at the NUS Business School's Leadership Dialogue Series public lecture on 7 September.

During his talk titled "Revolutionsing the Financial World", Mr Shah shared his views on how technology revolutionises and empowers the financial community. The canny entrepreneur uses a combination of enterprise, innovations and cost-effective technologies to effect revolutionary changes in the financial markets in India and other parts of the world. India's youngest self-made billionaire by the age of 40, he is passionate about corporate social responsibilities and has launched initiatives to empower underprivileged communities.

Close to 150 people attended this dialogue session organised by the NUS Centre for Asset Management Research and Investments (CAMRI). They included CAMRI Board and Advisory Council members, faculty members and students of NUS Business School, as well as industry practitioners and NUS alumni.

After his speech, Mr Shah had a meaningful discussion with the audience. Topics ranged from the direct and indirect benefits of technology-driven financial markets, to questions on Asia's comparative advantage on commodity trading, and Singapore as an exchange trading hub.

To a question on Singapore's role as a globally leading price setter for commodities from Moderator Professor Joseph Cherian, Director of CAMRI, Mr Shah commented that for the country to have a commodity exchange system comparable to that of Chicago and London, all the players involved need to have much clearer vision and insights, together with careful execution and implementation.

Dean of the NUS Business School Professor Bernard Yeung concluded the event by highlighting that Mr Shah's convictions have showcased great entrepreneurial spirit and business acumen, in addition to "doing good" by emphasising the role of capital markets in encouraging socially responsible activities and enterprises. All this serves as an inspiring role model for NUS students, especially those planning to enter the financial arena.

By Maggie Hu Rong, Research Assistant of CAMRI and PhD candidate in Finance, NUS Business School


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