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Wednesday, December 07, 2005

Visit by Goldman Sachs President & CEO

Hyderabad, December 7, 2005 – The Goldman Sachs Foundation, a global philanthropic organization funded by The Goldman Sachs Group, Inc., is making a grant to the Centre for Analytical Finance (CAF) at the Indian School of Business (ISB) to support research work at the Centre. The funding will also be directed towards bringing in world renowned professors in finance from the best business schools across the world to teach at the ISB for full terms.

The Goldman Sachs Foundation supports academic programmes that provide high-quality instruction in the related subjects of entrepreneurship, business, financial literacy, economics and leadership.

Present for the media briefing at the ISB, Lloyd C. Blankfein, President and Chief Operating Officer, The Goldman Sachs Group, Inc., said, “Goldman Sachs, through the Foundation, is proud to support the Indian School of Business and its efforts to prepare a new generation of business leaders. The $1 million grant announced today will support the school’s Centre for Analytical Finance which will strengthen its position as the premier finance research centre in the Asia-Pacific region.”

Speaking on the grant, Professor M Rammohan Rao, Dean, ISB, said, “It is a matter of great pride for us that an organization such as the Goldman Sachs Foundation has chosen to support the ISB. This is the first time that the GS Foundation is supporting an educational institution in India. The Goldman Sachs Foundation has had a long standing association with the ISB, being one of the first to support us when the School was being established.”

Commenting on the funding, Professor Sankar De, Executive Director, Centre for Analytical Finance, ISB, said, “This is a truly momentous occasion for CAF, ISB, India and Asia! Goldman Sachs is the world's most renowned financial services firm. CAF is Asia's newest finance research centre at an academic institution. This funding makes us partners, and all emerging markets stand to benefit from the research the funding will support.”

The Centre for Analytical Finance at the ISB is dedicated to research in all areas of finance, including financial markets, instruments, institutions, and regulations. It has the mandate to bring together world leaders in all areas of finance, including academics, practice, and regulation, and consolidate its position as the leading finance research centre in the Asia-Pacific region. In addition to ISB faculty, CAF researchers include distinguished scholars from the University of California, Berkeley; University of Chicago; Cornell University; Kellogg School of Management; New York University; University of California, Los Angeles; The Wharton School (University of Pennsylvania) and other academic institutions of global standing.

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