| 24 May 2006 |
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Dun & Bradstreet (D&B), the world's leading provider of business information, knowledge and insight, as part of its on-going efforts to bring together thought-leaders from the financial fraternity, is hosting a series of seminars titled the D&B Fund Management Series 2006 in association with Deutsche Bank AG. The first seminar under this series on the topic "Distribution of Financial Products" is co-sponsored by the New India Assurance Company Ltd. |
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Speaking at the inaugural session, Dr. Manoj Vaish, President & CEO - India, Dun & Bradstreet said, "Mutual funds, insurance companies and banks are constantly looking at newer channels and approaches to distribute their products and reach their target audience. The series is an endeavour to focus on the distribution challenges being faced by the financial sector, especially the need to penetrate more intensely using new channels, education and the development of a large force of intermediaries. Dun & Bradstreet is delighted to bring together leading players to debate and decide on alternate channels of distribution as well as share their own strategies for growth in the present Indian scenario."
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Mr. Roger L. F. Harrold , Global Head of Domestic Custody Services, Deutsche Bank AG, speaking on the potential within emerging markets for financial products said,"It is evident that with a huge upside potential for growth, financial products have a key role to play in emerging markets. As financial institutions focus on the challenges of product innovation and distribution, they will increasingly look for efficiencies in operations. Deutsche Bank steps in here with a range of services for financial institutions, backed by our global experience and expertise. On behalf of Deutsche Bank AG, I am glad to kick-off this series where relevant market issues can be debated and discussed. |
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Mr. A. P. Kurian, Chairman, AMFI, speaking on the topic Distribution Challenges for Mutual funds said,"The Indian mutual fund market has a great potential for growth. While in the US, one out of every two households invests in Mutual Funds, in India only 1-2% of the households invest part of their savings in Mutual Funds. India has, thus, a long way to go and the distribution approaches used by the industry will go a long way in increasing this percentage". |
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Mr. B. Chakrabarti, Chairman & Managing Director, The New India Assurance Company Ltd., sharing insights on the challenges of distribution in the general insurance sector, said,"Bancassurance will play an important role in the general insurance expansion game plan." |
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The panel included leading names from the financial fraternity like Mr. Sanjiv Roy, CEO, Birla Sun Life Distribution Company Ltd., Mr. S. V. Prasad, CEO & Managing Director, Birla Sun Life AMC, Mr. Dalip Verma, Managing Director, TATA AIG General Insurance Company Ltd., Mr. Sushil Muhnot, MD & CEO, IDBI Capital Market Services Ltd., Mr. Ajit Narain, MD & CEO, IFFCO Tokio General Insurance Co. Ltd. and Mr. Sanjiv Shah, Executive Director, Benchmark Asset Management Co. Pvt. Ltd. among others.
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Dun & Bradstreet, the leading provider of global business information, knowledge and insight, has been enabling customers to Decide with Confidence for over 160 years. D&B manages the world?s most valuable commercial database of over 100 million companies. This database updated more than 1.5 million times a day is the foundation of D&B's solutions that customers rely on to make critical business decisions. D&B has been offering a wide suite of information solutions in the areas of risk management, economic analysis, export marketing, sales & marketing support, financial education and technology & analytics, for over a decade in India.
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D&B Financial Education Solutions (FES) is designed to provide high-end training in the financial domain. D&B FES offers a wide-spectrum of innovative, high-quality and comprehensive financial education programs customized to meet the varied financial training requirements of organizations large and small. Capitalizing on its extensive global experience and network, D&B brings international best practices and up-to-date knowledge to each training project. These include customized training programmes, tailor-made and designed around specific organizational training goals, seminars, workshops and conferences which are open to professionals from the business and academic world and certificate programmes, based on accepted vocational competency standards. D&B FES has been working closely with corporates, banks, financial institutions, ITeS / BPO companies and educational institutions, helping them improve competitiveness by facilitating professional growth and excellence among their executives. For more information about D&B, please visit www.dnb.com.
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The CRIB "ALL Members Meet" proved a significant milestone in the CRIB Modernization Project as D&B was introduced to all stakeholders as the delivery partner in the modernization initiative and, being a participative session, valuable member insights were obtained.
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