Its been quite exhaustive month of travel . It was strenuous 15 day trip starting from Mumbai to USA and back to Chennai but I need to admit a very fruitful one. The trip started with the business team and myself attending the FICCI conference in Mumbai.
20th April 2010 marked the 7th Annual Conference on Capital Markets under the theme Capital Markets 2020: Going for 3X. I was invited to be a part of the panel which discussed on “Expanding the Retail Investor Base”. I shared stage with some of the most eminent heads, like Mr. Rashesh Shah, Chairman, FICCI’s Capital Market’s Committee, and Chairman, Edelweiss Capital Ltd Mr. Joseph Massey, MD& CEO, MCX Stock Exchange, Mr. Sudip Bandyopadhyay, Group President, Global Financial Services, Spice Finance , Mr. Kedar Deshpande, Sr. Vice President, Edelweiss Securities Ltd, Mr. Prithvi Haldea, Chairman & Managing Director, PRIME Database , Mr. Shachindra Nath, Group CEO, Religare Enterprises Ltd , Mr. Gagan Rai, Managing Director and CEO, NSDL.
The 45 min was more of a discussion based panel, with emphasis on how technology can really help retail investors. With many bottlenecks present in the form of conservative saving habits (though India has the highest household saving percentage of 32%) and risk averse investors. But empowering the investor with right education, giving qualitative information and the ability to trade anywhere and anytime were the points that I stressed on. Overall FICCI provided a great platform for introducing Market Simplified’s launch in India.
It was followed by exhaustive and a very successful trip to almost all over USA to meet our existing clients and meeting new prospects. Back in Chennai and planning further trips to middle east and the US.
My next stop to US would be to attend the SIFMA conference to be held between June 22nd-24th. I am really happy that ‘Mobile’ has been added as a topic of interest in the current conference and as our second year at SIFMA. Preparations and related stress now….more shortly