Sumit Jamuar

Last updated

Sumit Jamuar
Sumit Jamuar.jpg
NationalityIndian
Alma mater IIT Delhi, INSEAD
Occupation(s)Chairman & CEO, Global Gene Corp

Sumit Jamuar is the chairman, co-founder and CEO of Global Gene Corp, [1] a genomics data platform and applications company that is collecting and analysing diverse genomic and medical datasets to deliver precision healthcare to a global market. [2] [3] [4] Sumit is responsible for the company's long-term strategy and partnerships. [5] [6]

Contents

He was formerly a Banker with Lloyds Banking Group, and prior to that a consultant with McKinsey & Company. [7] Sumit has served as CEO of SBICAP (UK) Ltd, European investment banking subsidiary of State Bank of India. He played pivotal role in ideation & creation of FTSE - SBI Bond series indices as partnership between State Bank of India and London Stock Exchange, FTSE TMX which was part of the Joint statement of Hon Prime Ministers of India and UK. [8]

Early life

Sumit was born to Mrs. Rita Jamuar and Prof. Sudhanshu S. Jamuar in Patna. [9] He was brought up in New Delhi at the Indian Institute of Technology (IIT), Delhi campus where his father served a professor in the Electrical Engineering Department.

Education

He holds a bachelor's degree in chemical engineering from the Indian Institute of Technology (IIT), Delhi. He completed his post-graduation in Business Administration from INSEAD, Fontainebleau. He has attended programmes in University of Massachusetts Amherst and Tuck School of Business at Dartmouth.

At INSEAD he contributed to research paper on Corporate Governance "Board Seat Accumulation by Executives: A Shareholder's Perspective" that was published in Journal of Finance and has been cited by over 170 research papers. [10]

Career

Consulting Career

Following graduation from IIT Delhi, Sumit started as a Business Analyst with McKinsey & Company, India. [11] He was the first undergraduate consultant to be hired in the inaugural class of two Business Analysts marking the start of the Business Analyst programme in the Indian office of McKinsey & Company. During his consulting career, he served top Indian and global institutions in banking, steel and automobiles. Key engagements included building the off shoring proposition for a blue-chip Global Bank, international expansion strategy for the top Indian private bank, as well as, report outlining road map of policy initiatives to increase Foreign Direct Investment in India which was launched by the Hon. Finance Minister of India, Jaswant Singh. [12]

Banking Career

Sumit worked with Lloyds, (previously known as Lloyds TSB Bank) [13] London between 2003 and 2012. [14] He held several senior leadership positions in start-ups, global client coverage, strategy & transformation and a turnaround unit in the bank. During his last assignment at the organization, he served as the managing director and Global Head of Sales in the Financial Institutions team and also served as a Member of the Financial Institutions Group Executive Committee at the organization. Prior to that he was MD & Head of Solutions CRE BSU and played a lead role in creating one of the largest turnaround unit for distressed commercial real estate assets. He was also MD & Head of Emerging Markets, and Head of Strategy & Transformation, where he advised the Group Executive Director for Wholesale Bank as chief strategist. He started his career in Lloyds TSB Bank as Venture Manager in the Corporate Venturing Unit. He was also appointed Chairman of Lloyds GEM Network, the ethnic diversity network. [15]

Other Roles

Sumit has been an advisor and acting chief executive for Africa and Europe to GEMS Education, the largest private school operator in the world for their expansion, building and opening of schools in Kenya, Uganda and Switzerland, as well as acquisition of Ecole de Roches, Normandy. [16] [17] He was a member of the European Council for BAFT-IFSA, a leading financial services trade body, where he had leading involvement in industry initiatives like engagement with Regulators and Members of Parliament on BASEL III. [5] He is also a fellow at the Institute of Directors, since 2009. IOD is a UK-based organization incorporated in 1906 that represents and sets standards for company directors.

Sumit was vice chairman of International Telecommunication Union (ITU) & Gates Foundation initiative on Digital Financial Service for Financial Inclusion. [18] He has served as co-chair of the Consumer Experience & Protection working group of ITU. [19]

Current Position

Sumit serves as Chairman & CEO at Global Gene Corp. [7] He co-founded the company in 2013 with his brother, Saumya Jamuar (head of the SingHealth Duke-NUS Genomic Medicine center), geneticist Jonathan Picker at Boston Children's Hospital and corporate strategist Kushagra Sharma to address the lack of diversity in the genomic datasets used to inform the development of novel diagnostics and therapies to benefit a global population. [20]

Global Gene Corp has a particular focus on gathering data about genomic diversity in India, [21] and established a partnership in 2018 with the Regeneron Genetics Center to create the largest research programme specifically aimed at generating genomic understanding of populations in the sub-continent. [22]

The company has also established a partnership with the University of Namibia and the Namibian government to develop a national genomics initiative, aiming to study the genetic makeup of the Namibian population. Data will then be used to develop relevant precision medicine approaches and build a Centre of Excellence in Genomics in Namibia. [23]

Sumit is one of 26 speakers taking part in the televised series TED Talks India: Nayi Baat (New Conversations), hosted by actor Shah Rukh Khan and broadcast on Hindi channel StarPlus, Nat Geo and English channel Star World in November 2019. [24]

Charitable and cultural activities

Sumit is associated with various charitable and cultural organizations such as Lake Tanganyika Floating Health Clinic, United Kingdom, [15] SPIC MACAY, UK [25] and Global Education & Skills Forum (GESF) 2013. [26] [27] [28]


Related Research Articles

<span class="mw-page-title-main">Indian National Congress</span> Indian political party

The Indian National Congress (INC), colloquially the Congress Party or simply the Congress, is a political party in India with deep roots in most regions of India. Founded on 28 December 1885, it was the first modern nationalist movement to emerge in the British Empire in Asia and Africa. From the late 19th century, and especially after 1920, under the leadership of Mahatma Gandhi, the Congress became the principal leader of the Indian independence movement. The Congress led India to independence from the United Kingdom, and significantly influenced other anti-colonial nationalist movements in the British Empire.

<span class="mw-page-title-main">State Bank of India</span> Indian public sector bank

State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. In 2024, the company’s seat in Forbes Global 2000 was 55.

<span class="mw-page-title-main">ICICI Bank</span> Indian private sector bank

ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.

<span class="mw-page-title-main">Rajat Gupta</span> Indian-American business executive (born 1948)

Rajat Kumar Gupta is an Indian-American business executive who, as CEO, was the first foreign-born managing director of management consultancy firm McKinsey & Company from 1994 to 2003. In 2012, he was convicted of insider trading and spent two years in prison. Gupta was a board member of corporations including Goldman Sachs, Procter & Gamble and American Airlines, as well as an advisor to non-profit organizations such as the Bill & Melinda Gates Foundation and The Global Fund to Fight AIDS, Tuberculosis and Malaria. He is the co-founder of the Indian School of Business, American India Foundation, New Silk Route and Scandent Solutions.

<span class="mw-page-title-main">Modern School (New Delhi)</span> Private school in New Delhi, Delhi, India

Modern School is a co-educational, private school in New Delhi, India. It was founded in 1920 by Lala Raghubir Singh, a prominent Delhi-based businessman and philanthropist, who desired an institution that combined the "best of ancient Indian tradition with the needs of the times." It was the first private and coeducational school established in Delhi after the capital of the British Raj shifted to the city.

<span class="mw-page-title-main">Raghuram Rajan</span> Indian economist and former governor of Reserve Bank of India

Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.

<span class="mw-page-title-main">SPIC MACAY</span> Learned society promoting Indian cultural heritage

The Society for the Promotion of Indian Classical Music And Culture Amongst Youth is a voluntary youth movement which promotes intangible aspects of Indian cultural heritage by promoting Indian classical music, classical dance, folk music, yoga, meditation, crafts and other aspects of Indian culture; it is a movement with chapters in over 300 towns all over the world. SPIC MACAY was established by Dr. Kiran Seth in 1977 at IIT Delhi.

<span class="mw-page-title-main">Kris Gopalakrishnan</span> Indian billionaire

Senapathy “Kris” Gopalakrishnan is an Indian businessman and the Chairman of Axilor Ventures, a startup accelerator. He is one of the co-founders of Infosys, having served as its CEO and managing director from 2007 to 2011 and vice chairman from 2011 to 2014.

<span class="mw-page-title-main">IIT Ropar</span> Engineering and technology higher education institute in Rupnagar, Punjab

Indian Institute of Technology Ropar is a public technical university located in Rupnagar, Punjab, India. It is one of the eight Indian Institutes of Technology (IITs) established in 2008 by the Ministry of Human Resource Development (MHRD), Government of India under The Institutes of Technology (Amendment) Act, 2011 to expand the reach and enhance the quality of technical education in the country.

<span class="mw-page-title-main">Kiran Seth</span> Indian academic

Kiran Seth is Ex Professor and Professor Emeritus at Indian Institute of Technology Delhi who has done teaching and research in the field of Operations Research there since 1976. He is most known as the founder of SPIC MACAY (1977), a non-profit organisation which promotes Indian classical music, Indian classical dance, folk forms, yoga and meditation, traditional handlooms and handicrafts, cinema classics, and other aspects of Indian culture, amongst youth the world over; doing about 5000 events yearly in about 500 towns in India and about 50 abroad through conventions, baithaks, lecture demonstrations and musical fests.

Anil Kumar is an Indian-American former senior partner and director at management consulting firm McKinsey & Company, where he co-founded McKinsey's offices in Silicon Valley and India and created its Internet practice among others. Kumar is additionally the co-founder of the Indian School of Business with Rajat Gupta and the creator of two different kinds of outsourcing. He graduated from IIT Bombay in India, Imperial College in the UK, and The Wharton School in the US.

Virasat is an Indian cultural festival that celebrates all aspects of the country's cultural heritage. It is held at Dehradun, India and recognised as the afro-asia biggest folk life and heritage festival. Organized by REACH, this week-long festival includes performances and workshops in Indian folk and classical arts, literature, crafts, theatre, cinema and yoga.

<span class="mw-page-title-main">FirstRand</span> South African financial service provider

FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.

<span class="mw-page-title-main">Y. V. Reddy</span> Former governor of Indias central bank

Yaga Venugopal Reddy is an Indian economist and a retired Indian Administrative Service (IAS) officer of the 1964 batch belonging to Andhra Pradesh cadre. Reddy served as governor of the Reserve Bank of India (RBI), India's central bank, from September 2003 until September 2008.

Prashant Shanker Pathak is a Canadian investor and businessman who lives in Toronto. He is the CEO of Ekagrata Inc., a private investment and diversified holding company with assets in food, agriculture, infrastructure, food-security, specialty manufacturing and hardware technologies, and digital commerce.

<span class="mw-page-title-main">K. Vijayraghavan</span> Indian scientist

Dr. Krishnaswamy VijayRaghavan is an emeritus professor and former director of the National Centre for Biological Sciences. On 26 March 2018, the Government of India appointed him as the principal scientific adviser to succeed Dr. R Chidamabaram. His term as Principal Scientific Adviser ended on 2 April 2022. In 2012, he was elected a fellow of The Royal Society and in April 2014 he was elected as a foreign associate of the US National Academy of Sciences. He was conferred the Padma Shri on 26 January 2013 and is also a recipient of the Infosys Prize in the life sciences category in 2009.

<span class="mw-page-title-main">Jayant Sinha</span> Indian politician

Jayant Sinha is an Indian politician who is a Member of the Indian Parliament and formerly the Minister of State for Finance and the Minister of State for Civil Aviation in the Government of India. Sinha is currently the chairperson of the Standing Committee on Finance and a member of the Public Accounts Committee for 2019–20. He has also been an investment fund manager and management consultant. He is also a member of the Board of Advisors of India's International Movement to Unite Nations.

Sumeet or Sumit is a masculine given name. It originated from Devanagari language and means "good friend" or "well pleased".

Danish Husain is the stage name of Murtaza Danish Husaini, an Indian actor, storyteller, poet and theatre director. He has also been credited as Dan Husain and Murtaza Danish Husain.

References

  1. ↑ "Global Gene Corp website". Global Gene Corp. Retrieved 4 October 2019.
  2. ↑ "Singapore's Global Gene offers genetical testing services in India". dnaindia.com. Retrieved 15 September 2014.
  3. ↑ "Customized gene tests for Indians are available now". indiatimes.com. Retrieved 15 September 2014.
  4. ↑ Arney, Kat (22 June 2017). "The power of a billion: India's genomics revolution". BBC News. Retrieved 17 July 2017.
  5. 1 2 "lloyds banking group plc (LLOY:London)". businessweek.com. Retrieved 15 September 2014.
  6. ↑ "Gene tests evolve, cheaper & customized for Indians now". indiatimes.com. Retrieved 15 September 2014.
  7. 1 2 "Sumit S. Jamuar". businessweek.com. Retrieved 15 September 2014.
  8. ↑ "SBICAP (UK) Ltd" (PDF). Retrieved 1 October 2017.
  9. ↑ "Meeting and Seminar Archive" . Retrieved 3 November 2008.
  10. ↑ "Board Seat Accumulation by Executives: A Shareholder's Perspective" . Retrieved 31 March 2003.
  11. ↑ "Alumni Headlines - September 2013". mckinsey.com. Retrieved 15 September 2014.
  12. ↑ "India can attract $100 b FDI in 5 years: McKinsey" . Retrieved 4 August 2001.
  13. ↑ "The Social Capital: Sumit Jamuar of Lloyds Banking Group". vikaspota.com. Retrieved 15 September 2014.
  14. ↑ "The Social Capital with Vikas Pota - What giving really means?". indiaincorporated.com. Retrieved 15 September 2014.
  15. 1 2 "Sumit Jamuar". floatingclinic.org.uk. Retrieved 15 September 2014.
  16. ↑ "World Economic Forum on Africa" (PDF). weforum.org. Retrieved 15 September 2014.
  17. ↑ "World Economic Forum on Africa, list of participants" (PDF). weforum.org. Retrieved 1 October 2017.
  18. ↑ "ITU - Focus Group on Digital Financial Services" . Retrieved 1 October 2017.
  19. ↑ "ITU - Chairman report on the first meeting of Focus Group on Digital Financial Services" (PDF). Retrieved 1 October 2017.
  20. ↑ "Taking Genomic Data Global - MIT Technology Review" . Retrieved 4 October 2019.
  21. ↑ "The power of a billion: India's genomics revolution - BBC News" . Retrieved 4 October 2019.
  22. ↑ "Global Gene Corp and Regeneron announce largest genomics programme for Indian population - The Times of India" . Retrieved 4 October 2019.
  23. ↑ "Science Forum yields global Partners for Namibia". University of Namibia. 3 December 2018. Retrieved 4 October 2019.
  24. ↑ "Disney's Star India Network Sets Season 2 of 'TED Talks India' Hosted by Shah Rukh Khan". The Hollywood Reporter. Retrieved 4 October 2019.
  25. ↑ "SPIC MACAY and The Nehru Centre celebrate India's rich cultural heritage". apnnews.com. Retrieved 15 September 2014.
  26. ↑ "SPIC MACAY and The Nehru Centre celebrate Virasat 2014 in London". indiainfoline.com. Retrieved 15 September 2014.
  27. ↑ "SPIC MACAY and The Nehru Centre celebrate 'Virasat 2014' in London". indiainfoline.com. Retrieved 15 September 2014.
  28. ↑ "London Virasat 2014: SPIC MACAY and The Nehru Centre celebrate India's rich cultural heritage". prfire.co.uk. Retrieved 15 September 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.