Industry & Economy
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Education
ISB sets up chair for family biz
Our Bureau
Hyderabad
,
Dec. 15
The Indian School of Business (ISB) has announced the setting up of a Research Chair titled the Thomas Schmidheiny Chair of Family Business and Wealth Management.
Dr Thomas Schmidheiny, on behalf of `Spectrum Value management' based in Switzerland, has committed to fund the Chair on Family Business and Family Wealth Management at ISB for an initial period of five years. The mandate would be to support research, education, publications and conferences.
The Dean, ISB, Prof Rammohan Rao, in a statement said "ISB's Centre for Entrepreneurship Development has been conducting several courses on family business as this is a key area of study for India as well as other emerging markets. With the Research Chair being established, we will be able to conduct in-depth research as well."
"I have closely watched ISB's very promising five years and I am convinced that ISB is on the right track to develop into a world-class institution, which can easily compare with other leading institutions in the US and Europe. I hope this Chair will enable Indian families to learn about the subject, exchange best practices and profit from cutting-edge research. I see a huge demand for knowledge in this field, especially in the Indian context," Dr Schmidheiny said.
Dr Schmidheiny, earlier, was the CEO and Chairman of Holcim, a leading cement, concrete and aggregates enterprise. He is the company's largest stakeholder now.
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