NYSSA’s Global Investing Committee presents

India Capital Markets

Wednesday July 30, 2014 5:45 PM - 8:00 PM
NYSSA Conference Center
Available as: Live Session;
Categories: Conference, Global Investing, Programs for Members

The overwhelming victory of the business friendly Bharatiya Janata Party in the May 2014 general election is already being welcomed as the solution for what has proven to be a disappointing investment climate in India.  But is the newfound sense of optimism justified?  Our expert panel will examine how a shift to free market policy in India could impact global investors.

This program will:

  • Give you a more in-depth look at the specific investment vehicles in India and the methods of analyzing and investing in them
  • Promote a more useful and detailed discourse than the standard Indian narrative
  • Address the global challenge of applying increasingly data-driven financial analysis techniques to a market with often unreliable statistical coverage
  • Provide members and other conference attendees with an opportunity to network with top professionals in the India-focused investment sphere

Who should attend:

Portfolio managers and research analysts employed at asset management firms, investment banks, hedge funds, mutual funds, and insurance companies, as well as pension plan sponsors; professionals working at potential participants on the issuance side, including corporations and private equity firms; and service providers such as attorneys, consultants, and rating agency personnel.

NYSSA expects all attendees to comply with NYSSA’s Code of Conduct while attending NYSSA events or meetings. NYSSA expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any NYSSA event or meeting.

Please Note: This program is not a career event. It is an event for working professionals. Individuals soliciting employment may be asked to leave.



Patrick Holert, CFA, CAIA
Thomas Brigandi
Daniel Fridson
Chiara Salghini

Keynote Speaker
Parag Saxena, Founding General Partner and CEO, New Silk Route Partners

Indian Capital Markets Panel
Moderator: Amit Thakur, Regional Head of Industrials M&A, Standard Chartered Bank 
Robert T. Lutts, President and Chief Investment Officer, Cabot Wealth Management
Kishlaya Pathak, CFA, Global Markets Strategist, BNY Mellon Investment Management
Parag Saxena, Founding General Partner and CEO, New Silk Route Partners 
Swami Venkataraman, Vice President - Senior Credit Officer, Moody's Investors Service

Closing Remarks
Patrick Holert, CFA, CAIA


Rob Lutts serves as president and chief investment officer for Cabot Money Management, Inc.  He received his MBA in investments and finance from the University of Massachusetts in Amherst and his Bachelor of Science in finance and management from Babson College.  He is head of the company’s Investment Policy Committee and oversees a select group of client accounts.  Lutts is particularly focused on China and India in addition to emerging markets. Lutts is a regular guest on CNBC, Bloomberg Television, and FOX Business News and has been quoted in leading finance publications such as The New York Times, The Wall Street Journal and Barron’s.  He is active in many community organizations, serving as 2013 Chair of the North Shore Chamber of Commerce, Chair of Trustees of North Shore YMCA since 2009, Trustee of The National YMCA Retirement Fund since 2011, member of Salem Retirement Board since 2010, and member of the board of Partners Healthcare System Corporation.  He has also chaired the Salem State University Foundation since 2007.

Kishlaya Pathak, CFA, is a global markets strategist at BNY Mellon Investment Management.  He specializes in macro strategy with a focus on interest rate and foreign exchange markets. He has more than a decade of experience in forecasting financial markets.  At ICICI ltd. in Mumbai, Pathak was responsible for the organization’s views on the foreign exchange market.  He also supported the FX proprietary trading effort as a desk strategist.  As Standard Chartered Bank’s India Economist, he authored periodic reports on the economy and contributed thought pieces to financial dailies.  He advised institutional investors and corporations on curve, duration, and FX positioning.  At Lehman Brothers in New York, he worked with Lehman’s chief fixed income strategist and contributed regularly to the flagship publication - Global Relative Value.  The team was rated # 1 in the Institutional Investor Survey for many years.  At Barclays Capital, he covered U.S. fixed income markets to generate both directional and relative value trade ideas for institutional investors. Pathak holds a master's degree in economics from the University of Delhi and an MBA from the Ross School of Business at the University of Michigan.  He is also a CFA charter holder.  He is a member of the New York Society of Securities Analysts.  In the past, he has served on the board of the Fixed Income Analysts Society.

Parag Saxena is founding general partner and CEO of New Silk Route Partners. He also co-founded Vedanta Capital LLC in 2006. Previously, he was CEO of INVESCO Private Capital, one of the oldest and largest venture capital firms in the US. During his 23-year tenure at INVESCO Private Capital, the firm made over 300 investments, including Amgen, Celgene, Costco, MetroPCS, PictureTel, Polycom, Staples, and Starbucks. These investments have helped to grow companies that have created over 500,000 jobs and enjoy a market value exceeding $500 billion. Saxena has also led more than 90 investments for Chancellor and INVESCO Private Capital, a third of which have gone public. These investments include Amber Networks, Masimo, Alkermes, ARM Holdings, Genomic Health, Indigo, and Volterra. Saxena is a multi-year member of Forbes’ Midas list, which ranks the world’s best global investors. Saxena has served on committees advising the Prime Minister of India on foreign direct investments and venture capital for the Planning Commission of India. He has provided recommendations on small business and venture capital to representatives of the US Congress. He is also a director of the Heritage Fund of the Indian Institute of Technology in Bombay as well as a trustee of the Bharatiya Vidya Bhavan. He is on the advisory board of the Center for Advanced Studies on India at the University of Pennsylvania and the Indian Advisory Council of Brown University. Saxena was the president of TiE Tri-State (NY, CT, NJ) from 2003 to 2010. He is also on Mayor Bloomberg’s Applied Sciences NYC Advisory Committee. Saxena received an MBA from the Wharton School of the University of Pennsylvania. He earned a BTech from the Indian Institute of Technology and an MS in chemical engineering from the West Virginia College of Graduate Studies.

Amit Thakur is North America head of general industries M&A for Standard Chartered Bank where he is responsible for connecting capital flows to and from North America into Asia, Africa and the Middle East. He has 13 years of investment banking experience in India with Standard Chartered, Morgan Stanley and ICICI Group. While based in India, Thakur had a ringside seat to the growth of the markets and corporations across sectors.  He advised Indian companies on their capital raises, investments and acquisitions—both domestically and overseas. Thakur also advised global corporations on their investments in industrials, infrastructure, financials, resources and consumer in India.  He is a trained electrical engineer and obtained his MBA from XLRI, Jamshedpur in India.

Swami Venkataraman is currently a Vice President – Senior Credit Officer in the Project & Infrastructure Finance Group at Moody's Investors Service. Prior to joining Moody’s in December 2013, he was a Director in the Project & Export Finance group at Standard Chartered Bank in Mumbai, India, handling business development and execution of project and Export Credit Agency financings for the infrastructure sector in India. He was responsible for deal origination, structuring, underwriting and syndicating transactions in several sectors such as power, renewable energy, roads, ports, petrochemicals and mining. One of his solar PV projects won the "PFI Asia-Pacific Renewables Deal of the Year" award in 2012. Venkataraman is a CFA charterholder since 2003. He also holds a B.Tech in Electronics and Communications Engineering from the Indian Institute of Technology (IIT), Madras and an M.B.A. in Finance from the Indian Institute of Management (IIM), Kolkata.


Thomas Brigandi is an associate analyst in the Global Project and Infrastructure Finance Group at Moody's, where he covers municipal power, power generation projects, toll-roads, airports, ports, project finance and public-private partnerships, across the Americas. In the past, Brigandi worked for the US$140 billion Bureau of Asset Management at of the New York City Comptroller, where he covered the energy and natural resources sectors and reported directly to the chief investment officer. Brigandi is vice president and director of global volunteers at the American Foundation for African Children's Education, a multinational NGO which repairs primary schools in West Africa. Since 2006, the foundation has repaired 8 schools, built partnerships with many NGOs and policymakers in both Africa and North America, and helped over 9,000 children. Brigandi was the lead organizer for the NASDAQ Closing Bell Ceremony on Sept 23, 2011, hosted for the President of Sierra Leone, Dr. Ernest B. Koroma. Brigandi has a deep network of robust personal relationships with senior-level global capital market participants (asset allocators, investment managers, institutional sales executives, investment bankers, government officials, corporate and private equity executives, attorneys, lobbyists, financial journalists, regulators, professional services and rating agency personnel). His buy-side personal contacts have 3.8 trillion USD AUM and his sell-side personal contacts have +10 trillion USD in transaction experience.

Daniel Fridson currently works in the research department for both Empire Valuation Consultants and Real Assets Research. He serves as the content coordinator for NYSSA's Global Investing Committee, editing the quarterly newsletter, and is a contributor to Seeking Alpha, in addition to articles for investing.com, Africa.com, and the Finance Professional's Post. He has previously served as a research assistant covering the US High Yield Debt sector for Fridsonvision LLC, and as an emerging markets equity analyst for Cooper Financial Research. Prior to that, he researched short-term fixed income investments at the Comptroller's Office of the City of New York, reporting to the assistant comptroller for asset management. Fridson was also an analytical advisor on a Transportation Research Bureau report in 2012 and a research assistant at the School of International and Public Affairs at Columbia University, from which he holds a BA.

Patrick Holert, CFA, CAIA, is vice president and research principal for BBVA Securities, where he oversees research compliance in the US, and research operations in the US, Latin America, and Europe. In the past, Holert lived in Asia for many years and has served as an equities analyst for Nomura Securities in Thailand and Korea, an investment manager for a frontier private equity fund covering the Mekong region, and a consultant on projects in the Middle East, India, and across Southeast Asia. He specialized in finance at the University of Chicago Booth School of Business and has a BA in economics and mathematics from Claremont McKenna College. Holert is serving as chair of the Global Investing Committee at NYSSA.

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Program Details

Wednesday, July 30, 2014

5:45 p.m.–8:00 p.m.

NYSSA Conference Center
1540 Broadway, Suite 1010, (entrance on 45th Street)
New York, NY 10036

Member $40
Non-Member $120
No Students
($10 surcharge for walk-ins)

Please Note: All Members pay the same rate to attend NYSSA programs. (“Member” includes Regular, Affiliate, Associate, Retired, and Unemployed members.)

Registration Deadline
Wednesday, July 30, 2014

Robert T. Lutts
, President & Chief Investment Officer, Cabot Wealth Management, Inc.
Kishlaya Pathak, CFA, Global Markets Strategist, BNY Mellon Investment Management
Parag Saxena, Founding General Partner & CEO, New Silk Route Partners
Amit Thakur, Regional Head of Industrials M&A, Standard Chartered Bank
Swami Venkataraman, Vice President & Senior Credit Officer Project & Infrastructure Finance Group, Moody's Investors 

Thomas Brigandi
Daniel Fridson
Patrick Holert, CFA, CAIA
Chiara Salghini

CFA Institute CE = 1.5

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