Citigroup IBA Seminar on Risk Management
Citigroup arranges 2 week seminar for students from across Pakistan
Citigroup in collaboration with The Institute of Business Administration, Karachi, (IBA) organized a 12-day seminar titled “Introduction to Risk Management”.
Scheduled from 11th to 23rd December 2006 during the academic winter break, the program was held at the Centre of Executive Education, IBA with 30 students Karachi, Sukkur, Quetta, Multan and Peshawer. Nominations were invited from business schools across the country to ensure participant diversity and maximum reach.
Funded entirely through a grant of USD 25,000 the seminar is part of Citigroup's global initiative to drive financial education programs that assist academic and financial institutions to promote knowledge and sound management of economics, markets, and financial systems.
An excellent faculty comprising of existing and former Citigroup experts had been lined up for the program including CEO Pakistan Business Council Salim Raza, former President Union Bank Shaukat Tarin, President Cresbank Shehzad Naqvi, President Tameer Microfinance Bank Nadeem Hussain, in addition to international Citigroup experts MD & Global Head Cross Border Risk Management Citigroup NY Farooq Maroof, Group Credit Officer for Citigroup, covering Middle East, Africa & Turkey Khalid Qurashi, and senior members of Citigroup Pakistan MD & CCO Zubyr Soomro, Director & Corporate Bank Head Omar Hafeez and Head of Global Transaction Services Faraz Haider.
Each member of the seminar faculty spoke on topics ranging from credit & the business cycle, commercial bank lending, trade finance, working capital projections, term-lending, market, liquidity, counter-party and consumer-credit risks, balance sheet management, and issues in development of consumer banking.
Former Minister of Privatization & Investment Dr. Hafeez Shaikh closed the seminar with a key note lecture on the global risk scenario and its implications on the local economy.
Dean & Director IBA Danishmand said “such initiatives are significant because they encourage interaction between academia and corporates and give students and faculty alike the benefit of gaining insight in to the real world. Moreover this has been an excellent networking opportunity for students of different universities”
Student Ajeet Kumar of Sukkur said “this has been a tremendous learning experience. Each day we were asked to tackle a different case with some of the most renowned experts in the market_ we’re amazed at the high standard of instruction,”
Another participant from Quetta said “this is probably the first time universities from outside Karachi and Lahore have been invited to send their students to a forum of this caliber_ this has been an extremely active program, with lots of discussion and debate and I speak for all of us when I say that this has been an wonderful opportunity”
Speaking at the seminar MD & CCO Citigroup Zubyr Soomro said “This program was driven by Citigroup’s objective to share the wealth of knowledge Citigroup has globally gathered on the subject of risk. Great care was taken to ensure the quality of instruction and each session was cased based and interactive. Due credit must be given to the exceptionally bright and well informed students who attended this program_ kudos to our universities”
Citigroup has had a presence in Pakistan for the past 45 years and has been actively involved in the development of the local financial services sector and has a demonstrated record of transferring its expertise via training programs on corporate governance, treasury and trade products, anti-money laundering and compliance amongst others. This program on risk is in line with its agenda to upgrade skills and create awareness amongst the next generation of business leaders