“Markets need political and social legitimacy; where organisations lack a sense of mission and purpose it erodes that. What is at stake is different from what we had understood before; this last decade of the 21st Century has already demonstrated that our inability to factor in the public good is inadequate and delivering suboptimal outcomes. Leaders increasingly need to look beyond shareholder primacy and the nature and role of governance has to respond.”
Rajiv B. Lall has over close to four decades of experience in academia, international public policy, investment banking, private equity and corporate and retail banking.
Having earned a B.A. Honours from Oxford University and a Ph.D. from Columbia University, he spent his professional career at the Asian Development Bank, the World Bank, Morgan Stanley, Warburg Pincus and IDFC Bank.
His expertise spans infrastructure finance, sustainable and impact investing, capital markets, international trade, and macroeconomic policy issues across Southeast Asia, China, Africa, the U.S. and India.
He has played an active role in shaping the finance and policy landscape internationally through his writings and participation in numerous government committees and fora.
He was Executive Chairman of IDFC Ltd., a public private partnership focused on infrastructure finance, was Founder CEO of IDFC Bank, now known as IDFC First Bank. He set up IDFC Institute, one of India’s emerging think tanks and has made pioneering contributions to the development of India’s impact investing and micro-finance industries.
He is currently Professorial Research Fellow at the Singapore Management University where he also serves on the Management Committee of the Singapore Green Finance Centre.