Economic Impact of Fin-Tech
Finance as an industry facilitates transactions, information discovery, value recovery, asset allocation, and risk distribution. It also plays a critically significant role in enabling innovations and business entrants. The surge in information processing capabilities, due to the rise in computing and data storage capacities, big data analysis, machine learning & artificial intelligence, etc., leads to disruptive developments in the industry, e.g., in payment & transaction approaches, financial intermediations, wealth management, etc. Innovations change business models, expand intermediation opportunities and improve financial inclusion. They also blur the boundaries of the financial industry, challenge regulations on financial stability and the metric for price stability, and make the world invest heavily in cyber security. Our esteemed panelists will discuss these changes and their economic impacts.
Professor Bernard Yeung
Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management, National University of Singapore
President, Asian Bureau of Finance and Economic Research (ABFER)
Bernard Yeung is the Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management and President of the Asia Bureau of Finance and Economic Research at National University of Singapore (NUS) Business School. Before joining NUS in June 2008, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business. He has also served as the Director of the NYU China House, the honorary co-chair of the Strategy Department of the Peking University Guanghua School of Management. From 1988 to 1999, he taught at the University of Michigan and at the University of Alberta from 1983 to 1988.
Professor Yeung has published widely in academic journals covering topics in Finance, Economics, and Strategy; his writing also appears in top-tier media publications such as The Financial Times and The Wall Street Journal.
He has also won several scholarly honours and awards for academic excellence, including the Irwin Outstanding Educator Award (2013) from the Business Policy and Strategy (BPS) division of the Academy of Management and Teaching Excellence Awards in NYU’s Stern School of Business and University of Michigan’s Ross School of Business. He is an election Fellow of the Academy of International Business.
Professor Yeung is a member of the Social Science Research Council (SSRC) in Singapore. He was a member of the Economic Strategies Committee in Singapore (2009) and also a member of the Financial Research Council of the Monetary Authority of Singapore (2010 -2013).
Professor Yeung sits on the 3rd Advisory Board of the Antai College of Economics and Management at Shanghai Jiao Tong University, the Research Advisory Council of the Centre for Advanced Financial Research and Learning (CAFRAL), Reserve Bank of India, the Advisory Council of the Economics and Management School of Wuhan University, and an independent Non-executive Director of the Bank of China (BOC) Aviation Limited.
Professor Yeung received his Bachelor of Arts in Economics and Mathematics from the University of Western Ontario and his MBA and PhD degrees from the Graduate School of Business at the University of Chicago.
Mr Piyush Gupta
Chief Executive Officer, DBS Group
Piyush Gupta is Chief Executive Officer and Director of DBS Group.
DBS is a leading financial services group in Asia, with a growing presence in Greater China, Southeast Asia and South Asia. Headquartered in Singapore, the bank has been recognised for its leadership in the region, having been conferred “Asia’s Best Bank” by The Banker and Euromoney, and “Asian Bank of the Year” by IFR Asia. The bank has also been named “Safest Bank in Asia” by Global Finance for eight consecutive years from 2009 to 2016.
DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney.
Prior to joining DBS, Piyush was Citigroup’s Chief Executive Officer for Southeast Asia, Australia and New Zealand.
Piyush is a member of the Executive Committee of the Institute of International Finance, Washington and a member of the Board of Trustees of Asia Society. In addition, he serves as the Deputy Chairman of SPRING Singapore and sits on the boards of The Institute of Banking and Finance, Dr. Goh Keng Swee Scholarship Fund and National Research Foundation, Prime Minister’s Office. He is also Chairman of Sim Kee Boon Institute for Financial Economics Advisory Board, and a council member of the Asian Bureau of Finance and Economic Research.
Mr Eric Jing
Chief Executive Officer, Ant Financial Services Group
Eric Jing is CEO of Ant Financial Services Group.
In 2007, Mr. Jing joined Alibaba Group as Senior Director of Finance and later Vice President of Finance. Jing then joined Alipay in September 2009 as Chief Financial Officer and he became Ant Financial’s Chief Operating Officer in October 2014, dedicated to the healthy development of Ant Financial’s open ecosystem. Jing was appointed President of Ant Financial in June 2015 and later as board member of Alibaba group in August 2016.
Prior to his positions at Ant Financial, Mr. Jing was the CFO of Guangzhou Pepsi Cola Beverage Co. from 2004 to 2006.
Mr. Jing holds a Bachelor’s degree in Economics from Shanghai Jiao Tong University and an MBA degree from Carlson School of Management at the University of Minnesota.
Mr Sopnendu Mohanty
Chief FinTech Officer, Monetary Authority of Singapore
Sopnendu Mohanty is responsible for creating development strategies and regulatory policies around technology innovation to “better manage risks, enhance efficiency and strengthen competitiveness in the financial sector”. Prior to joining MAS, Mohanty was with Citibank as their Global Head of the Consumer Lab Network and Programs, which included driving innovation programs and managing innovation labs across multiple geographies globally.
Mohanty has spent 20 years in the APAC region and held various roles in technology, finance, productivity, and business development. He was Citibank’s APAC regional head of Branch operations along with heading the Consumer Innovation Lab in Singapore. He spent a significant time in Japan, where he was Citibank’s Retail Business Development head and also did leadership stints in various functions within operations and technology. Globally, he played a significant subject matter expert role in driving Citibank’s global smart banking program, to transform bank’s physical network to digital first, smart & innovative, client centric and highly delightful customer engagement center.
Mohanty has co-authored various patented work in area of retail distribution of financial sector. He is based in Singapore, loves travelling, reads history and pursues culinary innovation as a hobby. He was in the list of Fintech’s Most Powerful Dealmakers of 2016 by Institutional Investor.
Mr Nick Nash
Group President, Garena Online
Nick Nash joined Garena in December 2014 after more than a decade with General Atlantic (GA), most recently as the Chief Executive Officer of GA’s Southeast Asia business.
Nick is a member of the World Economic Forum’s Working Group on Local Capital Markets Integration, a Term Member of the Council on Foreign Relations in New York, a member of the Singapore Chapter of the Young President’ Organization (YPO) and a member of the global Kauffman Society. He was also the former Honorary Secretary and a board member of the Singapore Venture Capital and Private Equity Association (SVCA), a former board member of the New York Private Equity Network (NYPEN) and a former board member of the U.S.-ASEAN Business Council.
Nick first joined GA in 2002 in New York and moved to Singapore in 2011 to co-found the firm’s ASEAN office. During his time at GA, Nick played a key role in many innovative investments for GA including the firm’s first investment in Southeast Asia (Garena), its most successful investment to-date in India (Genpact, NYSE: G), and its first investment in cloud computing (Quality Technology, NYSE: QTS).
Prior to GA, Nick was a management consultant with McKinsey & Company in New York. During college and graduate school, he also worked at Goldman Sachs, Microsoft, Lenovo, and IBM.
He received an MBA from Stanford University’s Graduate School of Business in 2007, where he was an Arjay Miller Scholar and co-led the MBA exchange program with Tsinghua University in Beijing. He received his undergraduate degree from Harvard University in Chemistry and Physics, magna cum laude, in 2000. In 1996 he was named a United States Presidential Scholar, one of the nation’s highest academic honors for graduating secondary school students. He and his wife Phalgun are passionate about the power of the non-profit and social enterprise sector to transform society for the better. They are the co-founders of the foundation Morph.org, whose first effort is the global Ramanujan Project to identify and nurture exceptional mathematics talent in emerging markets. He earlier launched an effort in partnership with Harvard University to identify and prioritize the world’s hardest still unsolved problems in the social sciences. He is also a board member of the Manudhane Foundation for Excellence, which is focused on improving the quality of life in India by nurturing the pursuit of individual and organizational excellence as a root cause of positive social change.