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» News > Education, IIT > Diksha Session Held at SJMSOM-IIT Bombay by MD of UBS Leadership Institute
Diksha is the name given to the series of talks conducted by eminent speakers from the corporate world. These talks are organised as part of the continuous endeavour by the school to bring forth various issues and to attempt to find answers to them. On the 5th of September, Michael (Mike) Sweeney, Regional Head of Leadership
Development for the Asia Pacific (APAC) Region and Managing Director at the UBS Leadership Institute visited Shailesh J. Mehta School Of Management, IIT Bombay to share his views on the financial markets in Asia, how UBS approaches them and about talent management in this industry. UBS AG is a diversified global financial services company headquartered in Basel and Zurich, and UBS Leadership Institute is the wing of UBS that develops programs and processes to help senior leaders shape, communicate and implement the firms strategy. Michael Sweeney is an MBA from London Business School, and is a regular speaker at leading Business Schools (Berkeley, MIT, NYU, London Business School, Penn State University, Hong Kong UST) and at international conferences.
UBS has been achieving 40% growth in the Asian region for the past four years, and Mike iterated the figures that made this phenomenal growth possible - Asia Pacific contributes to 25% of world GDP, 32% of equity market value and 29% of invest-able liquid assets. The markets of Japan and Hong Kong are the mature markets (per capita GDP of nearly 32,000 USD) of this region while Korea and Taiwan are developed markets, though not properly regulated. The business emphasis is on the emerging markets of China, India, Malaysia, Thailand and Indonesia. Mike contrasted India and China and asserted that the dynamics of these two economies are such that they can survive very well without eating into each others business.
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