“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 is a veteran economist and business leader.
He has four decades of experience in academia, international public policy, investment banking, private equity and corporate and retail banking. 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 served on a number of committees of the Government of India and Reserve Bank of India and was India’s representative at the G-20 Working Group on Infrastructure.
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. He has shaped 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, Founder CEO of IDFC Bank, now known as IDFC First Bank. He is co-Founder of Artha Global, an emerging public policy think tank and has made pioneering contributions to the development of India’s impact investing and micro-finance industries.
Rajiv is currently a Professorial Research Fellow at the Singapore Management University where he also serves on the Management Committee of the Singapore Green Finance Centre.