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Mr. Firoz Shroff Profiles
1. EVENT BOOK - Sovereign Wealth Fund Conference Firoz Shroff as Key
Note Speaker - Page 9 (8) -16 (15) on SE - NY July 27 2015
2. Posting UN-UNACTO – Page 34
3. Posting at Forbes – Page 35
4. Posting at LinkedIn – Page 39
5. Posting at Khoja Wiki Page - 43
6. Opal Toronto Canadian Family Office Keynote Speaker – Page 49
7. Keynote Speaker - Presentation at Ryerson University, Toronto -
Firoz Shroff Page -50
8. Students Reflection on Mr. Shroff’s Presentation at Ryerson University
Page 63
IN addition, Mr. Shroff and Mr. Dave coached MBA students at Tulane
University, New Orleans, US as virtual coach to induct Social
Entrepreneurship among the students.
Asset Owner Conference
An exclusive event hosted by SWFI www.assetowner.org
CONRAD HOTEL • NEW YORK CITY • 27 JULY 2015
Chairman’s Statement
SWFI Event Advisory Board
SWFI Members
Agenda
Keynote Spotlights
Panel Spotlights
Feedback Form
Interest Form
CE Credits Form
Event Schedule
04
05
07
08
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26
28
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Events: www.ifsummit.com
Questions: [email protected]
CONTENT
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26-27 October 2015 Register Online @ www. ifsummiteuro.comHotel Okura | Amsterdam Limited Seating Available
Sovereign Wealth Fund Institute ® and SWFI ® are trademarks of the Sovereign Wealth Fund Institute - www.swfinstitute.org
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SWFI®
Institute Fund Summit Europe2015 Amsterdam Responsible Investment
26-27 October 2015
Hotel OkuraFerdinand Bolstraat 333 | Amsterdam
www.ifsummiteuro.com
SUZANNE BISHOPRICDirectorUnited Nations Joint Staff Pension Fund
MARCEL JEUCKENManaging Director, Responsible InvestmentPGGM
DAG DYRDALFormer Chief Strategic Relations OfficerNBIM
JOSÈ FILOMENO dos SANTOSChairmanFundo Soberano de Angola
ANDREAS DOMBRETMember of the Executive BoardDeutsche Bundesbank
BOJAN FRASVice GovernorCroatian National Bank
SAVE THE DATE
Dear Distinguished Delegate,
It is my privilege and honor to welcome you to our Asset Owner Conference, held for the first time in New York City at the Conrad Hotel. These are truly exciting times for our industry as the growing international institutional investor space continues to evolve and each day brings new challenges, uncertainties and opportunities.
We have gathered a diverse, knowledgeable and influential body of keynotes, speakers, and delegates including policymakers, investment consultants and institutional investment executives.
We believe in the power of assembling great minds, industry leaders and public officials, and we will continue to host these conferences worldwide so that we may facilitate the discussions and relationship building that will shape the future of this industry.
We are confident that you will leave with fresh ideas, new perspectives and relationships that will open doors for you and your organization.
Because we care deeply about our clients’ satisfaction, in the back of this book, you will find a feedback form and an interest form. We would sincerely appreciate it if you filled these out and returned them to one of our event staff. Your feedback will help us improve ourselves and guarantee our conferences are of the highest caliber for years to come.
Yours truly,
Carl LinaburgChairman
CHAIRMAN’S STATEMENT
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Conrad New York102 North End Ave, New York, NY 10282
+1 (212) 945-0100
SWFI Event Advisory BoardThe Event Advisory Board provides counsel on the planning and organization of events as well as the formation of strategic partnerships. The board helps foster a global institutional investor community through shaping the dialogue at SWFI events and facilitating relationship building.
If you are interested in serving on the SWFI Event Advisory Board, please contact Carl Linaburg at +1 (813) 992-9735.
NAME TITLE TERMRINCHINNYAMYN AMARJARGAL Former Prime Minister, Mongolia 2014-Present
DAG DYRDAL Advisor and Principal Montalban AS, Former Chief Strategic Relations Officer, Norges Bank Investment Management
2014-Present
JOSÉ FILOMENO DE SOUSA DOS SANTOS Chairman of the Board of Directors, Fundo Soberano de Angola 2014-Present
CELESTE LO TURCO MOLES Sovereign Wealth Fund Expert, Ministry of Foreign Affairs Italy 2014-Present
PETER JODLOWSKI Former Chief Financial Officer, Emirates Investment Authority, Chief Financial Officer, Jeddah Economic Company
2014-Present
NICHOLAS GARROTT Senior Economic Advisor, Greater London Authority 2014-Present
ROBERT L. GREENE Chairman, Virginia Retirement System 2014-Present
DAMON KRYTZER Former Trustee, San Jose Police and Fire Retirement Plan, Managing Director, Greywolf Capital Management
2014-Present
MICHAEL DEE Former Senior Managing Director, Temasek Holdings 2014-Present
CARL LINABURG Chairman, SWFI 2014-Present
ANA MARÍA JUL Consultant to the Ministry of Economy and Finance of Panama 2014-Present
DAVID GORMAN Former Senior Investment Director, Australian Trade Commission 2014-Present
KURT SCHACHT Managing Director, Standards and Financial Market Integrity Division, CFA Institute 2014-Present
ABDIEL SANTIAGO Secretary of the Fund, Fondo de Ahorro de Panamá 2015-Present
JACQUES DEMERS Former Global Head of Partnerships, OMERS 2015-Present
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>> Join a Global Membership of Organizations Dedicated to Participating in the Governmental Investor Community
The exclusive Sovereign Wealth Fund Institute Membership program is designed to
provide participants in the public investor community with educational and networking
opportunities and access to research and information. Membership is limited and fees are assessed
on an annual basis.
To learn more: Vince Berretta, 702-768-0703, [email protected]
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SWFI MEMBERS
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MAIN AGENDAMONDAY 27 JULY 2015
7:00 - 7:55am
8:00 - 8:25am
8:30 - 8:55am
9:00 - 9:55am
10:00 - 10:25am
Breakfast
SWFI Welcome and Introductions
Opening Keynote Address
Firoz ShroffFounderSocial Entrepreneurship Consortium Inc.
Exploring Asset Owners and Analyzing Game-ChangersAsset owners such as pensions, sovereign wealth funds, endowments and other public funds have picked up activity in recent years when it comes to strategic fund investing, direct investing and co-investing. In addition, more asset owners are exploring new investment strategies, investing in technology and building internal capabilities.
Maan BsatHead of Buy-Side Business Solutions Group, AmericasMisys
Robert Greene ChairmanVirginia Retirement System
Dr. Celeste Lo Turco MolesSovereign Wealth Fund ExpertItalian Ministry of Foreign Affairs
Damon KrytzerManaging DirectorGreywolf Capital Management, LP
Networking / Break
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The Debate on Active vs. Passive ContinuesNothing hampers investment innovation like a booming S&P 500. Traditional active managers, hedge funds and factor-based investors discuss the evolving world of equity investing.
Yves ChoueifatyPresident and CIOTOBAM
Ray EverettPartnerMcLagan
Jim BabcockConsultant, Babcock Financial AdvisorsFormer Portfolio Fund Manager & Research Analyst, APG Asset Management US Inc.
Anthony T. OliveiraCEO, Oliveira Advisory ServicesFormer Board Member, CalPERS
Public Pension Funds: An Update from Canada and France
Jacques DemersPresident & CEODemers Partners
Philippe DesfossésChief Executive OfficerERAFP
Lunch
From Washington to Wall Street: The Future of the US Stock MarketRates have essentially remained unchanged, what should institutional investors keep in mind going into 2016 and beyond? What are the challenges for institutional investors regarding the Americas as a destination for investments? What are some innovative ways to access this market? What golden opportunities are being missed out on?
Kurt Schacht Managing Director, Standards and Financial Market Integrity DivisionCFA Institute
10:30 - 11:25am
11:30 -11:55am
12:00 - 1:20pm
1:30 - 2:30pm
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2:30 - 3:25pm
3:30 - 4:25pm
James Sabella Director Grant & Eisenhofer P.A.
David MeredithSenior Legal CounselHassad Foods CompanyFood and agribusiness unit of Qatar Investment Authority
Thom YoungManaging DirectorOptcapital, LLC
Opportunities and Risks: Growing Allocation to Real AssetsReal estate, infrastructure and other real assets are becoming a larger proportion of the total allocation for many asset owners and institutional investors. What are the latest trends in this space? How can investors capitalize on real asset opportunities?
Sandy LaBaughSenior Director, Global Private MarketsTIAA-CREF
W. Stevens CarrollManaging Director, PM CBRE Clarion Securities
Petya NivokolaHead of Infrastructure InvestmentsNew York City Retirement System
The Next Five Years in Institutional InvestingA comprehensive review of portfolio allocation regarding investment strategies, geographies, and asset classes. Will the same strategies working now work for the next five years? What do the experts think?
Anthony MakDirector, New YorkHong Kong Trade Development Council
Yuan ZhouChief Strategy OfficerChina Investment Corporation
Ryan RandallChief Financial OfficerUpstart
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EDUCATION CREDITSOur summits are educational and informative. By attending an Institute Fund Summit, you may be eligible for Continuing Education (CE) credits.
Attendance is mandatory to receive full credits.
Closing Keynote
Amir DossalChairman and FounderGlobal Partnerships Forum
Afternoon Cocktail Reception
4:30 - 5:00pm
5:00 - 6:30pm
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KEYNOTE SPOTLIGHTAmir DossAl
Founder & ChairmanGlobal Partnerships Forum
Amir Dossal is Founder and Chairman of the Global Partnerships Institute, a non-profit working to address economic and social challenges through partnerships, which he established in 2010 as the Global Partnerships Forum. The GPI serves as a knowledge platform, providing changemakers with the tools to build innovative partnerships.
Amir is Co-Founder of the Pearl Initiative, a CEO-led program, promoting transparency and accountability in the Middle East. In 2013, he was appointed Co-Chair of the Sustainable Oceans Alliance, a global initiative to focus the need for healthy oceans in the UN Sustainable Development Goals. Amir is also Commissioner of the Broadband Commission for Digital Development. In May 2014, President Tommy Remengesau, Jr. appointed Amir as his Special Representative of Palau
for Global Partnerships. In January 2015, Amir was appointed Special Adviser to the United Nations Global Compact, for Strategic Relationships. From 2010 to 2014, he served as Special Representative of the Secretary-General of the International Telecommunication Union for Global Partnerships.
He is a 25-year veteran of the United Nations, and was the UN’s Chief Liaison for Partnerships. As Executive Director of the UN Office for Partnerships, he managed the $1 billion gift by media mogul Ted Turner; and forged strategic alliances to address the Millennium Development Goals.
Amir Dossal works globally across all sectors, including Education, Environment, Finance, Health, Media, Technology, as well as Peace, Security and Human Rights. Over the years, he has built numerous alliances between governments, multilateral agencies, business groups, foundations and civil society, including the Arab Foundations Forum, BCIU, Chambers of Commerce, CECP, Commonwealth Business Council, European Foundation Centre, Foreign Policy Association, IDP Foundation, Institute of Chartered Accountants in England & Wales, Jewish Children’s Museum, NEPAD, Rockefeller Brothers Fund, United Nations Associations, USCIB, US Department of State, World Congress of Muslim Philanthropists.
In December 2010, His Serene Highness Prince Albert II of Monaco, appointed Amir Dossal as Ambassador for Peace and Sport. In October 2010, he received the Humanitarian Award from the UN Association of New York, for his accomplishments in Partnerships to End Poverty and World Hunger. In February 2011, Amir was appointed Special Envoy to the World Youth Peace Summit. Amir is a UK Chartered Accountant (FCA) and a PricewaterhouseCoopers London alumnus.
Amir is married to Tas, and they have one son, Zecki.
KEYNOTE SPOTLIGHT
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KEYNOTE SPOTLIGHTPhiliPPe Desfosses
Chief Executive OfficerERAFP
By a decree published on June 11 2008, Mr Philippe Desfosses has been appointed as the new Chief Executive Officer of ERAFP, the French Public Service Additional Pension Scheme. Mr Desfosses is a graduate of Sciences Po in Paris and the French National School of Administration.
He started his career at the French Treasury (Ministry of Economy and Finance) in 1985, successively as Deputy Head of the Enterprise Financing Desk, Deputy Head of the Sub-Saharan Africa Desk, Financial Attaché in New York (1989-1992) and Head of the Insurance Desk (1992-1995).
From 1995 to 1997, he was Special advisor to Mr Jacques Barrot, the French Minister of Labour and Social Affairs, in charge of the Employment, Family,
Retirement and Old Age portfolios.
In 1998, he joined AXA Group as Senior Manager and became CEO of two subsidiaries: International Finance Futures and Compagnie Financière de Paris. From 2006, Mr Desfossés was Director of Corporate Affairs & Business Development and member of the Executive Committee of Lilly France.
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KEYNOTE SPOTLIGHTJAcques Demers
President & CEODemers Partners
On March 31, 2015, Jacques Demers, retired as OMERS Global Head, Investment Partners & Partnerships (Sept.1, 2014 – Mar.31, 2015). In such role, Jacques had ownership of and responsibility for developing new strategic relationships in collaboration with OMERS investment teams, with partners, as well as governments around the world and accountability for continuing to build and enhance OMERS positioning and reputation in new markets of interest globally; these responsibilities continuing several of his senior executive responsibilities as President and CEO of OMERS Strategic Investments (Jan. 1, 2009 – Sept.1, 2014).
In addition, as CEO of OMERS Strategic Investments, Jacques had senior executive responsibility for the origination and asset management
of more than $3B of OMERS invested capital plus more than $500M of third party invested capital managed by OMERS Strategic Investment platforms, such investments comprising airports (and related operations), commercial mortgages, energy (oil & gas exploration and production), engineering (considerable infrastructure PFI/PPP component), mechanical/electrical services, OMERS Ventures, Porter Airlines, oil sector heavy services(oil sands, conventional refineries) and miscellaneous private equity positions.
As well, Jacques led, and held execution accountability for, a number of key OMERS strategic undertakings, most notably, the “ground-breaking, unprecedented” Global Strategic Investment Alliance (GSIA), a US$12.6B infrastructure-focused institutional investment partnership of some of the world’s largest and most important institutional investors (including the world’s largest pension fund, GPIF, and Pension Fund Association, Mitsubishi Corporation, Mizuho, DBJ, JBIC and Norinchukin Bank, all of Japan and a number of US-based institutional funds and investors). He is past Chairman of OMERS Energy and has served on numerous business corporation and bank boards, both prior to, and during, his tenure at OMERS. He is a member of the 2015 B20 SME Task Force.
Previously, Mr. Demers (Université Laval, LL.B. 1976) enjoyed an accomplished career as a corporate, banking and project finance lawyer, both domestically and internationally, advising on significant merger and acquisition transactions and infrastructure, maritime, mining and other natural resources projects in numerous countries globally (in particular, in the Americas (Central, North and South), Asia and Europe (including Scandinavia). In addition, he co-founded one of Canada’s most respected business law firms, served in various leadership and management roles within his firm and was an active private investor, through Elliott-Demers Investments and directly, in a number of special situation investments, start-ups and buy-outs. Jacques’ present plans include becoming Co-Founder of a new firm, Agawa Partners, and continuing to build institutional relationships and, where appropriate and interests converge, investment partnerships globally.
KEYNOTE SPOTLIGHT
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KEYNOTE SPOTLIGHTfiroz shroff
FounderSocial Entrepreneurship Consortium, Inc.
Firoz Shroff - Past President - Co-chair, Sponsorship and Fundraising has been a member of UNACTO since 2004 and served as President of the organization from 2005 to 2006. He is a philanthropist and social entrepreneur with over 40 years of experience in the private and non- profit sectors. He also served as a remote coach in Tulane University’s social entrepreneurship MBA program.
He operates a socially drive private equity fund called www.IBCRE.com as well as a social entrepreneurial turnaround firm, www.SECONSORTIUM.com supported by private Family Office structure from Dubai. They are also creating Social Entrepreneurship Fund with their own seed capital with objective that the profits of which will go to SE causes.
He services various trusts and Foundations. A successful businessman turned philanthropist and social entrepreneur with passion to create and develop self sustaining ventures by applying innovative social models to create wealth applying diagnostic ability to magnify mega intrinsic values and then apply entrepreneurial model of capitalize them wearing hat of a Businessman, Entrepreneur, Dealmaker, Valufacturer, and Social Wealth Originator. To his credit he has administered multi-billion dollar transactions with hands on approach to include creative application to M&A, Corporate Structuring, Capital Market Arbitrage and Financial Derivatives.
In his career he has built number of organizations covering infrastructure, systems and applications to an operational process level and is actively involved in creatively setting up innovative implementation strategies. Firoz now concentrates on development based consultancy often working with CEO’s to help them look at what is required of the business and of them to make a significant impact on results with social attributes. He also assists social and business sectors to develop self-sustaining entities through collaboration of philanthropy and commerce through his proprietary Social Wealth Originating and Valufacturing Model.
The main thrust of his work has been in facilitating people through times of change, to reflect on their current business and to consider how best to respond to the changing environment. [email protected] – When profits are crazy be paranoid and take exit - Wealth allows you the luxury to simplicity - Wealth is when small efforts produce big socioeconomic results which we can share. Poverty is when big efforts produce small socioeconomic results with nothing to share.
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PANEL SPOTLIGHTKurt schAcht, JD, cfA
Managing Director, Standards and Financial Market Integrity Division
CFA Institute
Kurt N. Schacht, JD, CFA, is Managing Director for CFA Institute’s professional standards and government relations area, with offices in London, Brussels, New York and Hong Kong. He leads the Institutes policy work including, research and commentary on financial industry ethics, regulation and professional standards including the CFA Institute Code of Ethics and Standards of Professional Conduct, the Global Investment Performance Standards (GIPS®), and the Asset Manager Code of Professional Conduct®.
Prior to joining CFA Institute, Mr. Schacht served as chief operating officer for a mutual fund complex, general counsel and chief compliance officer for a Manhattan
based hedge fund, and as chief legal officer for the State of Wisconsin Investment Board (SWIB). He is a legal and industry practice expert on investment management, corporate governance and financial service industry issues.
Mr. Schacht is currently serving as Chairman of the Investor Advisory Committee for the U.S. Securities and Exchange Commission (SEC), created by the Dodd-Frank Act. He is also currently serving on the Public Company Accounting Oversight Board (PCAOB) Standing Advisory Group. He previously served on the SEC’s Advisory Committee for Smaller Public Companies looking at the market impacts of Sarbanes Oxley and the Expert Group for Principles for Responsible Investment of the United Nations Environment Programme (UNEP). Schacht is a member of the New York Society of Security Analysts and was voted NYSSA’s 2004 Volunteer of the Year. He holds a Bachelor of Science degree in Chemistry and a Law degree from the University of Wisconsin-Madison. He has held the Chartered Financial Analyst (CFA) designation since 1998.
mAAn BsAtHead of Buy-Side Business Solutions Group
Misys
Maan runs the buy-side solutions consulting team for North and South America. As such, he is responsible for supporting sales activity for new and existing clients as a product and market expert, across asset managers, hedge funds, family offices, pension funds and other asset owners. Previously, Maan ran the Front-office Professional Services team in North America, in charge of the implementation of FusionInvest and FusionCapital, and the management of the ongoing relationship with clients. Prior to Misys, Maan worked at MIF, an independent family office in Geneva, Switzerland. Maan holds an MBA from Babson and a Bachelor of Science in Physics from Carnegie Mellon University.
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PANEL SPOTLIGHTW. stevens cArroll
Senior Global Portfolio ManagerCBRE Clarion Securites
Mr. Carroll is a Senior Global Portfolio Manager, a member of the CBRE Clarion Securities’ Global Investment Policy Committee, and co-leader of the AsiaPacific real estate securities research team.
Prior to joining CBRE Clarion Securities in 2011, Mr. Carroll served as Co-Chief Investment Officer of CB Richard Ellis Investors’ Securities Team responsible for the portfolio management of global real estate securities separate accounts and funds. Prior to that, Mr. Carroll served as LaSalle Investment Management Securities’ Baltimore-based Global Securities Portfolio Manager and as LaSalle’s European Securities Portfolio Manager in Amsterdam.
His past experience also includes real estate and financial analysis experience at Kenneth Leventhal & Company, a national accounting firm, and asset management experience with JCF Partners, a real estate asset management firm located in Maryland. Mr. Carroll has over 26 years of real estate investment management experience.
Mr. Carroll earned a Bachelor of Arts from the University of California, Los Angeles with a degree in Economics. He is a member of NAREIT and currently serves as the Chairman of the Americas Index Committee for the FTSE EPRA/NAREIT Global Real Estate Securities Index. Mr. Carroll is a Certified Public Accountant licensed in the State of California.
ryAn rAnDAllChief Financial Officer
Upstart
Ryan joins Upstart after 10 years as an institutional investor, most re-cently as an Investment Officer with the Fairfax County Retirement System, where he received the Rising Stars of Hedge Funds award by Institutional Investor. Prior to Fairfax County, he spent nine years with different hedge funds covering the financial services sector, most recently as a Sector Analyst and the Director of Public Policy with Passport Capital LLC. Ryan also co-founded eInvesting.com, a provider of personalized portfo-lios of securities, in 1999 which was sold to E*TRADE in 2000.
Before eInvesting.com, Ryan spent five years as an investment banker, including three years with Montgomery Securities, covering financial services, speciality finance and financial technology companies. He earned a B.A. degree from the Univer-sity of California, Los Angeles, holds the CFA and CAIA charters and is a Certified Public Accountant (inactive).
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DAviD mereDithSenior Legal Counsel
Hassad Foods Company
David Meredith currently serves as the Senior Legal Counsel for Hassad Food Company, the food and agri-business unit of Qatar Investment Authority. Prior to his current role, he was a partner with Weil, Gotshal & Manges in London, and helped open their offices in Hong Kong and Shanghai. He has cross-border corporate transactional and securities financing experience in London, New York, Hong Kong and Shanghai.
Mr. Meredith’s legal practice focuses on advising private equity inves-tors and their portfolio companies in M&A, equity capital markets financings and exits, and debt capital markets transactions, including leveraged finance. He has represented hedge funds and investment banks in growth capital structured as bespoke high yield financings with equity-linked returns, and he has represented both issuers and under-
writers in underwritten high yield debt trades, hybrid capital, subordinated debt, equity offerings (e.g., IPOs, rights offerings) and equity-linked financings such as convertible bonds and exchangeable bonds. His transaction experience includes joint ventures and M&A in industries ranging from telecommunications, media and technology, to real estate, hospitality, energy, health care and life sciences.
Mr. Meredith is qualified to practice law in New York, England & Wales, and Hong Kong.
rAy everettHead of Asia Pacific, Middle East and Africa
McLagan
Ray is currently based out of the United Arab Emirates and leads McLagan’s business in Asia Pacific, the Middle East and Africa and sits on the firm’s Executive Committee.
He has had considerable experience working with Sovereign Wealth Funds both in Asia and the Middle East and has assisted numerous firms in the design and implementation of their total compensation strategy, as well as annual and deferred/long-term compensation plans. In addition, he advices the senior management and boards of many local and international banks with their overall compensation strategy.
Ray joined the firm in 1997 and since then has held a number of leadership positions both in Asia-Pacific and in the US. Prior to his current position in Dubai, Ray was based in Hong Kong and responsible for McLagan’s regional consulting practice. Before joining McLagan, Ray was a senior consultant at Watson Wyatt and Ernst & Young and worked in Asia and Canada.
Ray holds an MA from Carleton University, Canada, and a BA from the University of Victoria, Canada.
PANEL SPOTLIGHT
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PANEL SPOTLIGHTJames sabella
DirectorGrant & Eisenhofer P.A.
James Sabella is a director at Grant & Eisenhofer. He has over thirty-five years of experience in complex civil litigation, including representing plaintiffs and defendants in class and derivative actions involving trial and appellate work in state and federal courts. He has substantial experience in securities litigation and litigation involving claims against accounting firms and underwriters. He has also handled antitrust litigation, whistleblower claims and cases involving claims under the False Claims Act, and cases involving the fiduciary obligations of trustees under state law.
Mr. Sabella has represented the lead plaintiffs in numerous major cases that have resulted in large recoveries, including the General Motors securities litigation, where the settlement was in excess of $300 million, and the Refco securities litigation,
where the recovery was in excess of $400 million. He also represented the lead plaintiffs in the Parmalat securities litigation, which resulted in landmark opinions establishing that the international firms that coordinate the audit services that audit firms conduct in various countries can be held liable for the conduct of such local audit firms.
Prior to joining Grant & Eisenhofer, Mr. Sabella practiced for twenty-eight years at several large Manhattan law firms, most recently as a partner in Sidley, Austin, Brown & Wood LLP, where his practice focused largely on accountants’ liability defense, including the defense of actions alleging securities law violations and professional malpractice as well as grand jury investigations and investigations by the American Institute of Certified Public Accountants.
Mr. Sabella is a 1976 graduate of Columbia Law School, where he was a member of the Board of Directors of the Columbia Law Review. He received a B.A. summa cum laude from Columbia College in 1972 and a B.S. in 1973 from the Columbia School of Engineering, where he was valedictorian.
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PANEL SPOTLIGHTDAmon Krytzer
Managing DirectorGreywolf Capital Management, LP
Mr. Krytzer joined Greywolf in January 2014. Prior to joining Greywolf Mr. Krytzer had been involved in the global capital markets for 19 years, most recently serving as the head of portfolio strategy at Waverly Advisers.
He has been active in advising institutions on alternative investments and is a former trustee and investment committee member for The City of San Jose Police and Fire Retirement Plan. In addition, Mr. Krytzer is a member of the Sovereign Wealth Fund Institute Council of Investors and an adjunct professor at the University of San Francisco Business School.
Mr. Krytzer is a CFA Charterholder and holds MBA degrees from Columbia Business School and the University of California Haas School of Business, and studied political science at Rutgers University.
Dr. celeste ceciliA moles lo turco
SWF ExpertItalian Ministry of Foreign Affairs
Dr. Celeste Cecilia Moles Lo Turco is a Sovereign Wealth Funds expert. She has been working for the SWFs Strategic Committee of the Italian Ministry of Foreign Affairs and the SWFs Law Centre. She has been the advisor for Ancitel, the Italian Municipalities National Association, for the development of the national economythrough the relationship with SWFs. Former United Nations analyst with a specialization in Security and Middle-East Political Affairs, she worked within the United Nations InterregionalCrime and Justice Research Institute (UNICRI).
She has been living in the Middle East for a long period. Previously based in Qatar, she currently lives in the United Arab Emirates. She is a Georgetown University Fulbright Visiting Researcher and she holds a PhD in Political Theory and a Master Degree in International Relations, Markets and Institutions of the Global System.
She is an active writer about SWFs and global economics.
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PANEL SPOTLIGHTJim BABcocK, cfA, cPA
ConsultantBabcock Financial Advisors
Jim Babcock has 20+ years of investment experience and he is currently the owner of Babcock Financial Advisors, a portfolio and asset management consultancy. Previously, Jim spent 11 years at APG Asset Management where he was the Head of High Yield and Fund Manager for leveraged finance investments and achieved a cumulative long-term performance track record that was in the top 6th percentile.
He came to APG in 2002 from Abbey National Treasury in London where he was a Portfolio Manager for high yield and bank loans. Prior to that he spent five years with Putnam Investments in Boston as a high yield research analyst; five years with Travelers Insurance Company in Hartford as a private placement investment manager and seven years with PricewaterhouseCoopers as an audit manager.
He has a Master’s of Business Administration degree, with distinction, from The University of Michigan and a Bachelor of Business Administration degree from Pace University. Jim also holds the Chartered Financial Analyst and Certified Public Accountant designations.
thom youngManaging DirectorOptCapital, LLC
Mr. Young joined Optcapital in 2006 after closing his hedge fund, Cambium Capital. Prior to co-founding Cambium Capital Mr. Young was a Managing Director at Deutsche Bank holding positions as Global Relationship Manager and global co-head of Equity Sales. He began his Wall Street career in 1983 at The First Boston Corporation.
He has a deep understanding of the alignment challenge faced by institutional investors and the hedge fund managers they employ. He was instrumental in the initiative to persuade the IRS to issue Revenue Ruling 2014-18, clarifying an incentive fee technique that provides a win for long term investors in securing a full incentive fee clawback in the event of drawdown, while at the same time providing a win for managers in deferring the taxation of their accruing incentive fee.
Mr. Young hold an MBA from the University of Virginia Darden School of Business and a Bachelor of Science
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PANEL SPOTLIGHTAnthony oliveirA
Chief Executive Officer Oliveira Advisory Services LLC
Tony Oliveira is the founder and CEO of Oliveira Advisory Services (OAS), a global advisory and research organization. OAS was formed in 2011 to inform and provide services for private, governmental agencies, and academic universities on the organizational structure of public pension funds and trend issues, in the global areas of real-estate, agribusiness, health services and technology, infrastructure, public/private partnerships, food security, climate economics and taxation strategies.
A diversified expertise founded on over 20 years of government service as an elected official and appointee serving at the local, state, and national levels, matched by a portfolio of over 40 years of experience in the private sector. He is professor of economics and public policy.
Widely recognized for his work in the public sector, Oliveira served as an elected and appointed official as a county supervisor, legislative judge for hazardous waste litigation, President of California State Association of Counties (CSAC), and Board Member for the California Public Employees’ Pension System (CalPERS). In 2005 Governor Arnold Schwarzenegger appointed Oliveira as the public agency representative to the CalPERS board. During the six year tenure at CalPERS he served as Finance Chair over seeing all budgeting, Risk Chair with specific focus to set up enterprise risk management for the organization, and served on every internal committee.
Currently Tony serves as an independent advisor and researcher to several national and international teams in the areas of public pension audits, pension economic trends, agribusiness risk/investment strategies, and academic research and entrepreneur development with the UC Academic system. He is an asset/liability auditor for the Funston Advisory Group and specializes in the review of the asset/liability process and strategic asset allocation decision metrics of US state pension funds. Globally Tony is an independent advisor to institutional funds and fund managers in the area of CSR/ESG metric review and design. He serves on several boards as an independent board member.
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PANEL SPOTLIGHTsAnDy lABAugh, cfA
Senior Director & Portfolio ManagerTIAA-CREF
Sandy LaBaugh, CFA is a Senior Director and Portfolio Manager for the TIAA-CREF organization and a member of the Private Markets Investment team which includes direct private equity investments in natural resources, energy and infrastructure. She is based in New York City and has been managing TIAA’s global timberland portfolio since 2003. Previously, she was a member of TIAA-CREF’s Alternative Investments team, where in addition to timberland investing, her responsibilities included mezzanine debt and private equity co-investments with sponsor private equity funds.
Ms. LaBaugh joined TIAA-CREF in 1998 and has worked in several of its investment teams including direct private equity, private placements, lease finance and corporate public bond investment teams. Prior to joining TIAA-CREF, Sandy worked
as a Senior Loan Developer for a European Bank for Reconstruction and Development small business lending program in Moscow, Russia and was a Commercial Banker at Old Kent Bank in Chicago. She holds a BA in Business from Hope College in Holland, Michigan and an MBA in Finance, International Business and Economics from the University of Chicago.
Founded in 1918, TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $866 billion in total assets under management (as of 3/31/2015) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
TIAA-CREF Asset Management (www.tiaa-cref.org/public/assetmanagement) is part of the TIAA-CREF group of companies and provides investment advice and portfolio management services to individual investors, intermediaries and institutional clients through its subsidiaries. Its strategies cover a wide array of global asset classes, including equities, fixed income, real estate and alternative investments.
yuAn zhouChief Strategic Officer
China Investment Corporation
Mr. Zhou is Chief Strategic Officer of CIC. He joined CIC in December 2008. Prior to joining CIC, Mr. Zhou served as a senior executive in a number of institutions including Chicago Mercantile Exchange, Hong Kong Futures Exchange, UBS and State Street Bank.
23
PANEL SPOTLIGHTyves choueifAty
President and CIOTOBAM
Mr. Choueifaty created TOBAM in 2005, and developed the Anti-Benchmark® strategies, supported by original research and a mathematical definition of diversification. TOBAM offers innovative investment capabilities whose aim is to maximize diversification. Its flagship Anti-Benchmark® strategies provide clients with diversified core exposure, both in the equity and fixed income markets.
The company manages over $7.7 billion (December 2014) via its Anti-Benchmark® strategies for clients worldwide. TOBAM is majority-owned by its employees, a team that currently includes 30 financial professionals; the other shareholders are Amundi and CalPERS.
Prior to creating TOBAM, Mr. Choueifaty was CEO of Credit Lyonnais Asset Management (“CLAM”). He was CIO of CLAM from 2000 with direct responsibility for all aspects of the Investment Management process as well as Marketing and Sales. From 1998 to 2000 Mr. Choueifaty was Head of Financial Engineering and Quantitative Investment Management, having developed the structured products and financial engineering business units since 1992. Mr. Choueifaty graduated in 1992 from ENSAE in Statistics, Actuarial studies, Finance, and Artificial Intelligence.
PetyA niKolovAHead of Infrastructure InvestmentsNew York City Retirement System
Ms. Nikolova developed the infrastructure program and is building the infrastructure portfolio of the New York City pension funds. Ms. Nikolova joined BAM from WestLB, where she was a Director in the Infrastructure Americas team originating, structuring and executing transactions across a variety of assets in transportation, social infrastructure and utilities in the Americas.
Prior to this, Ms. Nikolova spent nine years with Bank of Ireland and MBIA in infrastructure origination and execution covering energy and infrastructure globally.
Ms. Nikolova holds an MPA from Syracuse University and an MA/BA in Economics from the University of National and World Economy in Sofia, Bulgaria.
24 www.assetowner.org | 27 July 2015 | Conrad Hotel | New York City, NY | Hosted by SWFI
PANEL SPOTLIGHTroBert l. greene
ChairmanVirgina Retirement Systems
Robert L Greene is President & CEO of the National Association of Investment Companies (NAIC). Bob is principally responsible for executing the association’s strategy and achieving its strategic objectives through advocacy, member services, and the development of strategic alliances. Since 1970 NAIC has served as the industry association representing diverse-owned private equity firms and hedge funds. At present NAIC’s members manage more than $35 billion in assets.
In addition to his leadership of the NAIC, Bob serves as Vice Chairman of the Board of Trustees for the Virginia Retirement System (VRS), a $65 billion public pension plan based in Richmond, VA. The Virginia Retirement System administers a
defined benefit plan, a group life insurance plan, a deferred compensation plan and a variety of other retirement benefits for over 600,000 state employees. Bob has served on a number of committees of the board including the Audit Committee (Chairman), Administration & Personnel Committee, and Investment Policy Committee.
Previously, Bob was Director of Private Equity with Arthur Andersen’s Transaction Advisory Services Practice. In this capacity he provided due diligence and other advisory services to some of the largest private equity firms in the nation like Allied Capital, Texas Pacific Group and The Carlyle Group. Bob holds lifetime memberships in Kappa Alpha Psi Fraternity Inc., the National Eagle Scout Association, and the National INROADS Alumni Association. Bob holds a Bachelor of Science Degree in Economics from Virginia Commonwealth University (VCU), in Richmond, Virginia. While at VCU, Bob served as Student Government President and was a recipient of the University’s Distinguished Service Award. Following graduation he served as a Virginia Governor’s Fellow in the Office of the Attorney General.
Anthony mAKDirector, New York
Hong Kong Trade and Development Council
Anthony Mak is in charge of HKTDC’s operations in New York and Eastern United States, responsible for promoting Hong Kong’s world-class service and trading platform. Prior to coming to New York, Mr. Mak was the section head for financial services, responsible for the marketing aspects of IPO fund raising, offshore RMB/yuan business and international M&A for Chinese enterprises. Previously, he served as Marketing Manager of HKTDC in Paris and Moscow.
Mr. Mak is an MBA (Global Executive Stream) graduate of Columbia University, University of Hong Kong and London Business School and received his Bachelor’s degree from the University of Hong Kong. He is trilingual in Chinese, English and French.
25
NOTES
26 www.assetowner.org | 27 July 2015 | Conrad Hotel | New York City, NY | Hosted by SWFI
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27
NOTES
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29
Keynotes— 30 minutes Attended Minutes
Opening — Firoz Shroff
Lunch — Jacques Demers and Philippe Desfosses qClosing — Amir Dossal qPanel Discussions— 60 minutes
Exploring Asset Owners and Analyzing Game-Changers qThe Debate on Active vs. Passive Continues qFrom Washington to Wall Street: The Future of the US Stock Market qOpportunities and Risks: Growing Allocation to Real Assets qThe Next Five Years in Institutional Investing qTOTAL TIME
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Event Schedule
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Institute Fund Summit 2016 AsiaApril 2016
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ABOUT ME
Firoz Shroff 2004 to present Mentor & Past
President - Firoz currently works with UNACTO
as a Mentor to the Board and various
Committees. Mr. Shroff has been a member of
UNACTO since 2004 to date in several
capacities and served as President UNACTO
2005-06, also appointed as Proteam Chairman
by UNAC to re-establish Toronto Chapter in
2005. He was given honorary lifetime
membership of UNACT0. He also acts as Mentor
to various UNACTO committees. Shroff family
bought privately the domain of www.unacto.org
and endowed it as gift to UNACTO. Shroff has
experience of 45 years as Big Idea thinker,
futurist, dare to dream approach and 3
generational experience to innovate billion
dollar ventures and is savvy creator of mega
multibillion social entrepreneurial ventures both
for public listed companies and nonprofit
sectors. He has served as a remote coach at
Tulane University’s Social Entrepreneurship
MBA program (US) and also spoke in 2013 on
Social Entrepreneurship at Ted Rogers School of
Management, Ryerson University, (Canada). He
operates a socially driven private equity hedge
fund and valufacturing firm Social
Entrepreneurship Consortium Inc
www.seconsortium.com He is father of
Khurram, Reshmeen, Sara, Ally, Kassim and
Anushae and 2 grand children Ariyan and
Serena. Shroff was keynote speaker at Family
Office event in Toronto in 2013. His nonprofit
work includes serving as the President of
Homeland International Inc. and as the founder,
trustee and chairman of various other
Foundations. In his professional life he operates
several ventures in real estate projects and
corporate venturing firm to assist public listed
companies to increase shareholders value
through social entrepreneurship and wellness
thinking. Under his leadership he is forming a
BCorp as public listed company that will own the
Wellness District theme and develop 1st flagship
in Markham . He is working on developing at
various locations The International Club of
Q&A:: PERSONAL
What I'm Currently Addicted To...
Addicted to developing at various locations
Wellness District and Community Mixed used
Development with focus on creating experience
for people to follow happiness lifecycle.
This Is Annoying Me...
It is very difficult task portray that wellness
community is not Senior Housing or Retire
Housing or Care home - its is 3 generational of
living in one complex - Grandparents - Children
and Grand children in privacy but within
walking distance and meet in the retail area as
part of family of grandchildren bonding place.
This Is Making Me Worry...
I am always worrying in what shape and form
should I be leaving wealth for coming
generation. I am convinced it should not be
money. I am debating that process and
systematic thinking could be wealth the coming
generation can adopt with changes with future
to use as tool to expand and progress.
This Is Bringing Me Joy...
This brings me joy - to create mega wealth from
existing ecosystem in billions applying social
and entrepreneurially skills to diagnose
intrinsic values in large companies and sharing
it with shareholders and communities. Create
Money with Mind power .
I'm Running From...
I am running away from people who are
knaveing and intellectually trying to rob you of
your intellectual assets. They are worse than
robbers who come and steal your money - Be
vary of them
Dashboard PROFILE Comments (0) Recommendations (0) Alerts My Account
Firoz ShroffTORONTO
Member since Jan. 2014
YOUR PUBLIC PROFILE URL:
http://blogs.forbes.com/people/firozshroff/
�Show all activity
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Search news, business leaders, and stock quotes
Help|Log out|Firoz Shroff
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Real Time: The Latest
Updates On Forbes
The Richest People On
Earth
Today's Biggest Winners
And Losers
Happiest Jobs In America
Business Investing Tech Entrepreneurs Op/Ed Leadership Lifestyle Lists
Page 1 of 4Forbes » My Account
2/20/2015http://blogs.forbes.com/account/
Canada, Bollywood Club and Taipan Club. The
1st flagship of Wellness District will be a 2.5 mill
Sqft mixed used development. Majority of
development profits from these ventures of
Wellness District at various locations will be
endowed to many educational, philanthropic,
social, nonprofit and social entrepreneurship
organizations like Universities, Municipalities,
UN Associations, Social Entrepreneurial
Ventures to empower them to adopt Social
Entrepreneurial practices with Wellness
thinking Firoz welcomes all interaction from
those who are interested in business and
investing while helping make this world a better
place...what he calls Social Entrepreneurship.
Shroff encourages all Senior Management from
all sectors to connect with him so he can mentor
them to become part of UNACTO and its board
to strengthen UNACTO and take it to next level.
Firoz Shroff Founder -Social Deal Originator
Social Entrepreneurial Consortium Inc Toronto
M2N 6Y6 Ontario - Canada Skype - firozshroff
Cell/ Mobile - 1+ 416 708 2532 private email :
FIND ME ONLINE
My Other Website
https://www.linkedin.com/in/firozshroff
This Is Helping Me Create...
My negative experience in life is helping create
new picture how to create and share wealth
with right professionals.
This Is Making Me Think - Hard...
Adverse circumstances make me think hard the
cause of particular situation - When you bring
people with no experience and give them the
key of your money because of relationship that
is when your happiness in life ends. You have to
be bold and have to restart --- Fortune comes
from bravery and cowardice losses it. I have
seen great fortune lost because of stupidity and
inexperience attitude to rampage hard earned
wealth of 1st generation when given into the
hands of 3rd generation- They cannot
understand the pain of the creating wealth. It is
sadest part of family wealth distruction.
This Makes My Teeth Itch
When people lie and insult your intelligence
Can't Do Without
I can't do without Dreaming Big Ideas EVERY
DAY - At 65 it gives me the energy of happiness
so much to be done so little time.
Favorite Voices
My wife voices when she is happy as well as
when she in angry.
My Most Awkward Moment
When I am financially strapped in budget and
cannot travel to attend major expensive events
to improve my knowledge
My Secret Ambition
My secret ambition is to pay the debt of Canada
which is appox $ 600 billion equal to the
market cap of Apple at $ 750 bill on
20/02/2013 - It is 20% more than Canada's
Debt. Do I know a way to embark on it it. YES I
am working on this model of Social
Shareholders Activist Group Inc --using the
power of intellectual capital iintegrated with
financial capital from activist hedge fund
marinated with social attributes.
Q&A:: PROFESSIONAL
I'm Known For...
I am known for being obsessed with social
wealth creation models that I have formulated
out of my business experience of 40 years.
My Current Project
Developing Wellness District theme in locations
where I can acquire land of favorable terms
and support of local municipalities,
communities, end user and socially responsible
investors , SR investment funds and corporate
responsible financial institution - I have
embarked on to create 1st flag ship on prime 20
acres land in City of Markham which
supportive of this theme.
Page 2 of 4Forbes » My Account
2/20/2015http://blogs.forbes.com/account/
My Greatest Achievement
At 65 on 27th Feb 2015, have embarked on
following ventures with support of many
professionals and friends from across the world
are being implemented Inspite of being diabetic
for nearly 40 years, had heart attack and tripe
by pass surgery that I survived thanks God to
our Canadian Medical System . New energy
seems to come my way to be purposeful
seniorpreneur to accomplish my secrete
ambition DFC. Social Shareholders Activist
Group Inc (UF) --SSAGI- Joining hands with
Private Equity Firms, Hedge funds to add
values in public listed companies integrated to
create values with knowledge and capital
Developer of Wellness District Inc (UF) DWD -
Themeing Real Estate Development with Social
Attributers
My Biggest Regret
Recently my wife has made me realize that
these regrets and mistakes have created divine
opportunities for me to be able to achieve the
resources I have and brainpower power to
conceive this large Secret Ambitions that are
taking shape towards reality.
I Truly Respect
Hard work and creating wealth with a social
purpose to share and care
Moments I'd Like To Forget
Forget big mistakes and move forward The
universe if great place ---make big mistakes
and move on for bigger opportunities by
sticking to plan that have social attributes
marinated in it.
How I Pay For This Wardrobe
It is modest and most of my clothes have been
bought and paid for by my wife
Blocks I've Been Around
I have been around the blocks with my wife
home maker and life partner of 38 years
bringing up 6 children who are now between
age of 37 to 24 - 3 daughters - 3 sons - and 2
grand kids Ariyan 4.5 years and Serena 6
months. They have all taught me great lessons
that I cherish them with joy and happiness.
Things That Really Happened
Things that really happened to change our
destiny from a retail booksellers and publishers
into a large family enterprise . I was brought
up in book retailing and publishing business
from birth--This what my father told me.
Reading is your bachelors degree - own
bookstore. Meetings people is your Masters
Degree - Met at very young age International
Sales Executives who would visit 3rd world
country booksellers who sold most - My father
was one of them and meeting them exposed us
and then PhD was travelling as from very
young age started traveling and visiting
publishers in Great Britain, USA , Japan and
Singapore for training and learn from their
operation. Japan was my best experience at
age of 18 where work ethics for handwork and
survive in any situations were ingrained into
me.
Page 3 of 4Forbes » My Account
2/20/2015http://blogs.forbes.com/account/
Where I'd Like To Be 10 Years From Now
Work for next 10 years to implement my Space
Ship Vision of Debt Free Canada Movement and
create roadmap that others will follow and
support DFC Cause blueprint.
Why Forbes
Freedom Of Reading Business
EntrepreneurSHIP Social Attributes (FORBES)
Most aspiring is Forbes background of business
1. Land Business ( mother Earth) 2. Knowledge
(helping brainpower ) 3. Publishing ( wrk for
authors, writers, reporters, workers in printing
industry)
Page 4 of 4Forbes » My Account
2/20/2015http://blogs.forbes.com/account/
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Firoz (Sardar) ShroffPresident Past - Board Director - Chief Mentor at UNACTO United Nations
Association of Canada TorontoMarkham Wellness District • Harvard University
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Education
Founder - Idea SponsorMarkham Wellness DistrictApr 2007 – Present • 10 yrs 8 mos
The responsibilities also include searching for C- Level Executives in Real Estate Development withexperience of operating public listed companies and scaling Wellness Community and Disticttheme on various land bank owned by the group across North America.
Founder - Idea SponsorThe International Club of CanadaJan 2007 – Present • 10 yrs 11 mos
Designing and Implementing full ecosystem for the ventures from Idea to Exit
President Past and Board DirectorUNACTO United Nations Association of Canada TorontoDec 2005 – Present • 12 yrs
Re-established and revamped UNACTO as a successful Toronto Office and formulated strategy tobe virtually Operated Chapter.
President Past- DirectorUnited Nations Association of Canada - Toronto UNACTOApr 2005 – Present • 12 yrs 8 mos
Elected to spearhead revival of UNACTO as Chairman of New Committee. Elected President andcreated board of over 10 directors. Several programs initiated to develop UNACTO as selfsustaining organization with guidance from national office to convert a loss making operation intoself supporting virtual office through personal endowment of funds and time and family andfriends donations.
Founder Idea SponsorSocial Entrepreneurship Fund through Social Entrepreneurship Consortium Inc2003 – Present • 14 yrs
SEF function is to invest and assist management of public listed companies to generate newrevenue streams with social attributes to enhance their shareholders value and marketcapitalization without effecting their present balance sheet.
Harvard UniversityUniversal Home Design Certification Progam, Experience in Creating ecosystem forDesign of lifecycle Wellness Communities2014 – 2014
Attended a Program on "Residential Universal Design and Aging in Place". This program showcasesthe best universal products and projects and examines the latest international design research onaging.
The objective of this program was to educate oneself on
• How regeneration, prevention, motivation, and elimination of disability can be accomplished
Add new skills with these courses
Design Thinking: VenturDesignViewers: 42,632
Sallie Krawcheck on RiskTakingViewers: 40,635
Pitching to InvestorsViewers: 38,089
See my recommen
President, Emeritus United NatiWomen Canada Board of DirectoCEO, Almas Jiwani Foundation
--Harry Stinson • 1st
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Volunteer Experience
Past President - UNITED NATIONS ASSOCIATION IN CANADA TORONTO BRANCH(UNACTO)Toronto OfficeMar 2004 – Present • 13 yrs 9 mos
Amazing and Rewarding
through design; • Analyze the latest research on aging in place from the U.S., Canada, Northern Europe, and Japan; • Understand compliance with codes and standards in U.S. law as it relates to housing projects; • Apply the best universal products to design for aging in place.
Arthur D Little Executive ProgramExecutive, Business Management1990 – 1990Activities and Societies: Shroff operate GLOBAL ENTREPRENEURSHIP APPLICATIONCENTER GEAR, has 6 professionals to conceive social wealth innovative ideas, projectsand opportunities. GEAR has projects in 10 figures in pipeline. He assists publiccompanies with upfront fees.Visit sasifoundation.org to learn plans to disseminateSocial EntrepreneurSHIP. Find biographical information on Firoz Shroff from 1988 inWho s Who in Finance Industry, Who s Who in The World and Who s Who in Americapublished by Marquis USA.
A self taught entrepreneur with ability to generate upfront fees income through licensing,franchising, agency and distribution agreements for public listed companies (plc s) to globallyarbitrage intrinsic values through his intellectual platform. His self taught education, expereinceand entrepreneurial mindset utilizes finance, accounting, mathematics and economics (FAME) todissect transactions. His business experience has given him 5 hats i.e. businessman, entrepreneur,dealmaker, valufacturer and wealth orignator. His VALUE ENHANCING process is: - To Collaboratetrends, ideas, concepts, opportunities and patterns (TICOP) to identify intrinsic values. HIS MYSTICVISION is: Invent seamless structures to create real financial wealth in perpetuity for CUSTOMERSgiving them a permanent role as partners in progress. His belief is that non-heroic leaders andsocial wealth originating hermits are strategically implanting powerful social wealth component intheir business model.
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Recommendations Ask to be recommended
Jeffrey LamSenior Solution Consultantat ServiceNow – The
Received (7) Given (24)
Mr. Firoz Shroff is the most inspiring individual I have met.Mentored by him at The United Nations Associations and his socialentrepreneurship ventures, I had the opportunity to learn from his
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Enterprise Cloud CompanyApril 24, 2015, Firoz worked withJeffrey in the same group
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living example the importance of sharing, commitment to thesociety and being pure to one's life long passion.
I worked with Firoz Shroff and his family from 2004 to 2005 andthey remain good friends to this day. Firoz is an incrediblyinnovative thinker and vivacious social-entrepreneur. I enjoyedworking with him, and trust him to do what he says. I highlyrecommend working with him to anyone.
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11/20/2017 Firoz Shroff - Khoja Wiki
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Firoz Shroff
Date ofBirth
1950
Familytree
click here (http://khojawiki.org/w/index.php?title=Special:FamilyTree&page=Firoz_Shroff)
Firoz ShroffFrom Khoja Wiki
Firoz Shroff comes from a well-reputed andknown business family with strong ties inIndian Sub-Continent, Africa, Europe, USAand Canada.
Born in 1950, Firoz Shroff has led asuccessful marriage and has established andpreserved his marriage on values of prayer,faith, forgiveness, compassion, repentance,love, respect, work, and wholesomerecreational activities. Married to MuniraKurani and has five wonderful intelligent andloving children, namely Khurrum, Sara, Ally,Qassim and Anushae. His brother/partner andmother live together. He strongly believes"Joint family system is very important todevelop sense of responsibility andunderstanding among coming generation”. Tohim wealth is great responsibility and he triesto induct that in all his children.
Contents
1 Family History2 Parents3 Adversities4 Avocations5 Time in My Pocket6 Professional Experience7 United Nations Association ofCanada Toronto Chapter
Family History
The roots of the Shroff family date back tolate 1800's. The family ancestries originate from the South East Asian Sub Continent and have been part of theIsmaili community worldwide.
The family originally started business in Kathiawar in 1887 under the vision and dynamic leadership of LateMuljee Meherali Shroff during the British Raj and expanded its activities as far as the then ‘East Africa'.
11/20/2017 Firoz Shroff - Khoja Wiki
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Presently, their work is spread at several levels of the global society by providing higher visibility for the businesssector, training, and heartening a social energy that provides upward linear mobility to entrepreneurs. They provideindividuals and corporations with the vision, motivation, knowledge, information, as well as, training they requireto be successful.
Presently, the Shroff's live and operate businesses in Africa, Australia, New Zealand, US, Canada, Europe andSAARC region. All of them have been instrument as a cohesive team in supporting each other’s families globally.The teams are well known, trusted and a founding force behind professionally, astutely directed and managedbusinesses in their respective activities and countries.
The Shroff families, all together, have been dedicated to improving living conditions and opportunities at the grassroot level, without regard to their faith, origin or gender no matter what part of the world it may be. They havebeen the community of the 21st Century backed by vision, resources and leadership unmatched in the social sector.In the long run, the Shroff family has visualized this as the starting of a comprehensive and constant investment inthe social and capital of world, a linear social and economic energy to augment the common level of the quality oflife.
Parents
Simply great, they have always been firm but fair, have given him enough rope to hang himself and then gentlyexplained where he went wrong and how not to get it wrong next time without sounding like a dictator. Theyaccept his warts and all, and are proud of whatever he does, no matter what it is. His father deceased when he was27 years of age. His father was a hardworking, dedicated and adventurous personality traveling in 1950 down theEast African coast and down to South Africa. He started life in the book selling and publishing industry andexpanded into Real Estate activities.
Firoz's mother lives with him in their joint family. He knew that she is there for him whenever he needs her.
A self taught entrepreneur with ability to generate upfront fees income through licensing, franchising, agency anddistribution agreements for public listed companies (plc’s) to globally arbitrage intrinsic values through hisintellectual platform. His self taught education, experience and entrepreneurial mindset utilizes finance,accounting, mathematics and economics (FAME) to dissect transactions. His business experience has given him 5hats i.e. businessman, entrepreneur, dealmaker, valufacturer and wealth originator. His VALUE ENHANCINGprocess is: - To Collaborate trends, ideas, concepts, opportunities and patterns (TICOP) to identify intrinsic values.HIS MYSTIC VISION is: Invent seamless structures to create real financial wealth in perpetuity forCUSTOMERS giving them a permanent role as partners in progress. His belief is that non-heroic leaders and socialwealth originating hermits are strategically implanting powerful social wealth component in their business model.
Adversities
Adversities are inevitable. We can quit and lose -- or we can keep trying and win. Mr. Shroff is a very optimisticperson towards adversities. He is a strong believer that there is a solution to every problem.
He is a confident person and takes responsibility for managing resources in a way that enables sustainedperformance. He is very energetic, determined, highly motivated, action oriented and committed to excellencecouple with an enjoyment of working with people and seeing their achievements.
Avocations
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Walking, Traveling, Tutoring; Attending Seminars and Forums; Development of Research Center on Valufacturingand Social Entrepreneurship; Group Discussion Locally and Globally; Writing Research Papers on Social WealthCreation are some of his avocations to be mentioned. He is actively working on developing a Global BusinessResearch, Entrepreneurial and Deal Center what he calls Global BREAD center. He has allocated $ 1 million forthis center to be established in joint venture with a Business School or a University that has enrollment challengesdue to competition in business education. His preference is a small town university in Ontario Canada or New YorkState in USA. He plans to manage the center himself with a core team selected from within the University previousretired professionals on profit sharing basis. Also Firoz is very found of reading and collecting books andbookmarks.
Time in My Pocket
Forgetting and letting go is never an easy as it may sound. Then again, it doesn't really sound simple does it? Thereare so many things pulling you in so many directions at one time. Which direction could one possibly choose?Timing is a huge factor. In fact time is the key. Mr. Shroff values the essence of time very much and in seeingopportunities arising will move in all directions at the same time. This is why the dynamics of his priorities mayvery rapidly change causing some hindrance with his team to cope with such pace. However, Firoz is always thereconstantly mentoring and coaching his team.
Professional Experience
Over 35 years of international experience as an independent entrepreneur in creating wealth. Have anexceptionally strong record of contribution and diverse experience with four Fortune 500 companies during timesof start-up, restructuring, and growth. Great exposure to Broad general management involvement in analysis andredesign of companies, Corporate Finance Advisory, Deal Structuring and International Tax and FinancialPlanning. Positions held as Executive Chairman, CEO, COO as well as interim CEO. Has led projects frominception to final implementation for family and private investors focused on wealth creation. Through proprietaryvalue enhancement tools and models he can assist to increase public companies market capitalization in partnershipwith existing management.
President Past- Director
United Nations Association of Canada - Toronto UNACTO
Non-Profit; 11-50 employees; UNACTO; Non-Profit Organization Management industry)
April 2005 - Present (2 years 8 months)
Mr. Shroff was elected to spearhead revival of UNACTO as Chairman of New Committee. Elected President andcreated a board of over 10 directors. Several programs initiated to develop UNACTO as self sustainingorganization with guidance from national office to convert a loss making operation into self supporting virtualoffice through personal endowment and family and friends donations.
Founder Idea Sponsor
Social Entrepreneurship Fund through Social Entrepreneurship Consortium Inc
(Partnership; 1-10 employees; SEF; Capital Markets industry)
2003 - Present (4 years)
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SEF function is to invest and assist management of public listed companies to generate new revenue streams withsocial attributes to enhance their shareholders value and market capitalization without affecting their presentbalance sheet.
President and CEO
Sasi Wealth Consulting Services through International Business Consortium (Privately Held; 1-10 employees;Import and Export industry)
July 2001 - Present (6 years 5 months)
Sasi Wealth Origination Consulting Services 'SWOCS' is an International Canadian firm established by Mr.Firoz.The Company is specialized in export and import of Intellectual Capital. Firoz Shroff offers specialized wealthoriginating and strategic wealth enhancement planning services to companies for global expansion throughidentification of intrinsic values.
President Homeland International Inc
(Non-Profit; 1-10 employees; Individual & Family Services industry)
March 1999 - Present (8 years 9 months)
Homeland International Inc. was established as A Canadian Federally Registered Charitable Organization in 1999by Firoz Shroff to undertake local and global Community Housing and Mixed Use Development Projects withcommunities, countries and corporations to address the affordable housing needs of individuals and familiesthrough prudent and sound management to create employment, economic prosperity, safe environment, provideeducational opportunities and social sustainability
Chief Trustee
Sasi Foundation
(Non-Profit; 11-50 employees; NP; Investment Banking industry)
January 1979 - Present (28 years 11 months)
As Wealth Creating Hermit and Social Entrepreneur he has 37 years of experience in providing family EquityCapital, Management, Finance, Marketing, Philanthropy, EntrepreneurSHIP, Social Wealth Origination Plans,Investment Banking with Social Attributes, Corporate Finance, Valufacturing, Ecotomic Values to create ideacurrency through knowledge, intellect, talent and experience and wisdom of intellectual assets. Have traits inGlobal Volunteerism – managing Global Projects – arranging Finance and Investment, – handle cross border M &A Activities, create and arbitrage proprietary derivatives – contacts with Stock Brokerage firms–operated RealEstate and family REIT in substantial 10 figures –underwrite Public listed companies issues - provide funding toSocial Ventures – inject personal and family capital resources as Social Capital/Social Equity – Identify intrinsicvalues through Economic of Social Scope and Scale.
Idea Sponsor - Founder and President International Business Consortium in JV with Sasi Real Estate Group
(Privately Held; 51-200 employees; SREG; Real Estate industry) February 1977 - Present (30 years 10 months)
• Valufacturing Brand, advertising revenue from presale. Develop Ecotomic strategy with intellectual and intrinsicassets.
• Strategic and tactical business plan and sales strategy development.
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• Experience in new businesses formation via public listed companies, business structures, and structuring dealsand commercial transactions.
• Generated new development deals for a real estate development company that focuses on multi-familyresidential, commercial, condos, shopping, resort and hospitality projects, including real-estate market analysis.
Executive Chairman Sasi Group of Companies
(Privately Held; 201-500 employees; none; Investment Banking industry)
February 1976 - December 2000 (24 years 11 months)
Responsibilities included bringing various fragmented businesses and turning a family owned group into acorporate entity by consolidating its activities in various part of the world. The countries included Pakistan, India,Kenya, UK, Bangladesh and USA. The sphere of business included investment banking, stock brokerage,financials services, real estate, retailing, publishing, leisure, marketing, advertising, construction, consulting. Fordetail information visit www.buyusa.gov/pakistan/en/serviceproviders.html
Specialties
Businessman, Entrepreneur, Deal Maker, Valufacturer, Wealth Originator, Futurist, and Ecotomic Ideation Guru.Has 37 years of experience in Commerce, Management, Marketing, Investment Banking and Philanthropy. Hastalent to combine information with tacit knowledge to create intrinsic values for the management of public listedcompanies to increase their market capitalization. He respects intellectual capital, talent and experience as currencyto create Social Capital, Investment and Assets.
United Nations Association of Canada Toronto Chapter
Firoz Shroff 2004 to present
Mentor & Past President
Firoz currently works with United Nations Association of Canada Toronto Chapter. as a Mentor to the Board andvarious Committees.
Mr. Shroff has been a member of UNACTO since 2004 to date in several capacities and served as PresidentUNACTO 2005-06, also appointed as Proteam Chairman by UNAC to re-establish Toronto Chapter in 2005. Hewas given honorary lifetime membership of UNACT0. He also acts as Mentor to various UNACTO committees.Shroff family bought privately the domain of www.unacto.org and endowed it as gift to UNACTO. Shroff hasexperience of 45 years as Big Idea thinker, futurist, dare to dream approach and 3 generational experience toinnovate billion dollar ventures and is savvy creator of mega multibillion social entrepreneurial ventures both forpublic listed companies and nonprofit sectors.
He has served as a remote coach at Tulane University’s Social Entrepreneurship MBA program (US) and alsospoke in 2013 on Social Entrepreneurship at Ted Rogers School of Management, Ryerson University, (Canada). Heoperates a socially driven private equity hedge fund and valufacturing firm Social Entrepreneurship ConsortiumInc www.seconsortium.com
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He is father of Khurram, Reshmeen, Sara, Ally, Kassim and Anushae and 2 grand children Ariyan and Serena.Shroff was keynote speaker at Family Office event in Toronto in 2013. His nonprofit work includes serving as thePresident of Homeland International Inc. and as the founder, trustee and chairman of various other Foundations.
In his professional life, he operates several ventures in real estate projects and corporate venturing firm to assistpublic listed companies to increase shareholders value through social entrepreneurship and wellness thinking.Under his leadership, he is forming a BCorp as public listed company that will own the Wellness District themeand develop 1st flagship in Markham . He is working on developing at various locations The International Club ofCanada, Bollywood Club and Taipan Club. The 1st flagship of Wellness District will be a 2.5 mill Sqft mixed useddevelopment. Majority of development profits from these ventures of Wellness District at various locations will beendowed to many educational, philanthropic, social, nonprofit and social entrepreneurship organizations likeUniversities, Municipalities, UN Associations, Social Entrepreneurial Ventures to empower them to adopt SocialEntrepreneurial practices with Wellness thinking.
Shroff operates a very close-door family office with back office in Dubai and has during his career managedglobally $5 billion worth of transactions. The group has varied and wide interest in financial service, real estatesector, business development and trading activities.
Firoz welcomes all interaction from those who are interested in business and investing while helping make thisworld a better place...what he calls Social Entrepreneurship. Shroff encourages all Senior Management from allsectors to connect with him so he can mentor them to become part of UNACTO and its board to strengthenUNACTO and take it to next level
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Canadian Family Office &
Private Wealth Management
ForumA Private Wealth Series Event
January 10-11, 2013Hilton Toronto, Toronto, CA
VIEW CONFERENCE DETAILS(Current as of 12/4/12)
Keynote Speaker Biographies:
Firoz Shroff, President, Founder, Idea Sponsor, International Business Consortium Inc, operating as Markham Wellness District, Social Entrepreneurship Consortium Inc, Past President and Board of Directors , UNITED NATIONS ASSOCIATIONS of CANADA UNACTO
Firoz Shroff - Past President - Co-chair, Sponsorship and Fundraising has been a member of UNACTO http://to.unac.org/board-of-directors since 2004 and served as President of the organization from 2005 to 2006. He is a philanthropist and social entrepreneur with over 40 years of experience in the private and non- profit sectors. He also served as a remote coach in Tulane University's social entrepreneurship MBA program. He operates a socially drive private equity fund called www.IBCRE.com as well as a social entrepreneurial turnaround firm, www.SECONSORTIUM.com supported by private Family Office structure from Dubai. They are also creating Social Entrepreneurship Fund with their own seed capital with objective that the profits of which will go to SE causes. He services various trusts and Foundations. A successful businessman turned philanthropist and social entrepreneur with passion to create and develop self sustaining ventures by applying innovative social models to create wealth applying diagnostic ability to magnify mega intrinsic values and then apply entrepreneurial model of capitalize them wearing hat of a Businessman, Entrepreneur, Dealmaker, Valufacturer, and Social Wealth Originator. To his credit he has administered multi-billion dollar transactions with hands on approach to include creative application to M&A, Corporate Structuring, Capital Market Arbitrage and Financial Derivatives. In his career he has built number of organizations covering infrastructure, systems and applications to an operational process level and is actively involved in creatively setting up innovative implementation strategies. Firoz now concentrates on development based consultancy often working with CEO's to help them look at what is required of the business and of them to make a significant impact on results with social attributes. He also assists social and business sectors to develop self-sustaining entities through collaboration of philanthropy and commerce through his proprietary Social Wealth Originating and Valufacturing Model. The main thrust of his work has been in facilitating people through times of change, to reflect on their current business and to consider how best to respond to the changing environment. [email protected]– When profits are crazy be paranoid and take exit - Wealth allows you the luxury to simplicity -Wealth is when small efforts produce big socioeconomic results which we can share. Poverty is
when big efforts produce small socioeconomic results with nothing to share.
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Doing Well and Giving Back
How to develop Self Sustainable Real Estate Projects applying Social Entrepreneurial Concept, Programming and theming Mindset
Firoz Shroff Idea Sponsor and Founder
International Business Consortium Inc. [email protected]
Jeffrey Lam
VP, Project Development International Business Consortium Inc.
Our Scenario
Our Mindset to Structure SE Deals
Founder's Entrepreneurial
Capacity
Invest Minimum Hybrid Capital (1%) and Maximum Intellectual and Branding Capital (99%)
($100K to $1M)
Create Mega Financial Returns ($10M to 00M+ in 5 years)
Strategize How to Create and Distribute
Social Capital to add value
to asset
1. Minimum Investment, Mega ROI
2. Minimum Risk
3. Tax Planning Through
Philanthropy
4. Empowerment of our Intellectual
Wealth
5.Creation of Mega Social
Wealth
Benefits of Our Model
High Return, Low Risk,
Philanthropy & Intellectual Capacity
Building Coming Together
SE Deal Making Process applied to Markham
Acquire Asset with Long
DD and Quick Exit
Attract JV Partners -Start
Exit Strategies
Attract 3rd Party as
Financial Partners
Create Values With SE Mindset
1% Financial Capital ($100K - $1M)
Mega Return ($ 10M -100M+)
Social
Partnership
Entrepreneurial Partnership
Aerial view of the existing assets we saw around the land to imagine new assets
(did not give importance to land).
Our Case Study: The International Club of Canada (1st Phase of Markham Wellness District)
MARKHAM WELLNESS DISTRICT- MWD
Markham Stouffville Hospital provides Markham Wellness District ready made absorption – walk to work in wellness
Expansion will finish in 2013 at cost of $500 M with tax payers dollars, and will include a new Cornell Community Centre adjacent to Markham Wellness District.
Ready Market –Hospital 1,800 staff – 275 Physicians - New Staff 900 staff and 300 nurses – approx 300,000 visitors pa from region + Cornell Community planned as 30,000 in 10 years ( all TICC and MWD Customers) 120,000 cars park at the hospital per year ( place to market MWD) The traffic will increase with the expansion of the hospital and the opening of the East Markham Community Centre and Library providing customers for MWD
Largest Urban Rouge Park intellectually bought with Rouge Riding Bicycle
-
Multi-Billion Dollar Assets We Identified Around the Site to Create TICC and MWD
TICC and MWD is Themed Around 7 Dimensions of Wellness
Wellness means a balanced integration of Physical Existence and Human Aspirations for Individual and Group Satisfaction of the human spirit.
Our vision is to create a community in which people of all generations come to live together (parents- grandparents and grand kids) in an emotionally developed and diverse environment to pass wisdom of grandparents to coming to pass wisdom of grandparents to coming to pass wisdom of grandparents to coming to pass wisdom of grandparents to coming generation not from Florida but by being around. generation not from Florida but by being around. generation not from Florida but by being around. generation not from Florida but by being around.
The Wellness theme focuses on the 7 Dimensions of Wellness in the context of cohesive living and overcoming “isolation” (Newtown USA case ) collectively applying 3 generational of living, loving, liking and learning wisdom to be together. Make isolation our friend through affection.
www.youtube.com/watch?v=5ydAk92favQ
The Big Idea of TICC
The International Club of Canada
Innovated program of TICC as catalyst in the 1st phase in MWD to self-financed whole 2.5 mill sq ft by pre-selling 10,000 membership at $ 49,000 globally on 15 year payment plan. The TICC concept is designed around the Granite Club for local markets which has 11,000 members plus $40 M expansion, and 2 yrs waiting list
TICC - One stop Platform for Social- Business –Personal - Financial- Philanthropic –Wellness for all Visitors including arrived and new immigrants professionals - Businessmen and families from Asia -Middle East and Europe- - Markham is hub for Asian Community
Proposed Features of MWD End-to-End Life Cycle Amenities some example
Our proposed features for our wellness condo owners as a wholistic lifecycle. Examples: What is firescape staircase that is eco-friendly exercise area?
What is three generation living?
What is day care saving per annum for a family $ 25,000 pa?
What is organic farming 1 acres land for organic food to grow
and barter?
What is internet home base business?
What is new consumer goods endorsement by collective power of MWD residents?
What is free TICC membership?
What is live, work, learn wellness and play?
What is our Social Partnership
•Jeffrey Lam attached for 8 year – learning
•York University – New Campus
•Markham Stouffville Hospital – Donation
•Cornell Ratepayer (Homeowners) Association Empowerment
Our Philosophy
Wealth allows you the luxury to enjoy simplicity” -Grand father
"Wealth is when small efforts produce big socioeconomic results which we can share. Poverty is when big efforts produce small socioeconomic
results with nothing to share."
judge a person's sincerity and honesty by his intellectual capacity
Learn to make millionaire to become a billionaire
Do you know profits come in many shape and sizes? Do you know how to measure it
Share your knowledge. It's a way to achieve immortality
IBC Team and Shroff Family
Q
Q & A We need more grandmothers in court !!! Why Lawyers should never ask a witness a question if they aren't prepared for the answer....... In a trial, a Southern small town prosecuting attorney called his first witness to the stand ... a grand motherly, elderly woman. He approached her and asked, "Mrs. Jones, do you know me?" She responded, "Why, yes I do know you, Mr. Williams. I've known you since you were a young boy, and frankly, you've been a big disappointment to me. You lie, you cheat on your wife, you manipulate people and talk about them behind their backs. You think you're a big shot when you haven't the brains to realize you never will amount to anything more than a two-bit paper pusher. Yes, I know you.“ The Lawyer was stunned. Not knowing what else to do, he pointed across the room and asked, "Mrs. Jones, do you know the defense attorney?" She again replied, "Why yes, I do. I've known Mr. Bradley since he was a youngster too. He's lazy, bigoted, and he has a drinking problem. He can't build a normal relationship with anyone and his law practice is one of the worst in the entire state. Not to mention he cheated on his wife with three different women, one of them was your wife. Yes, I know him." The defense attorney almost died. The judge asked both counselors to approach the bench, and in a very quiet voice, said: "If either of you bastards asks her if she knows me, I'll throw your sorry asses in jail for contempt."
Social Entrepreneurship
- Doing Well and Giving Back
Firoz Shroff
March 8, 2013
Ted Rogers School of Management
Ryerson University
Mr. Firoz Shroff
• President, Founder, Idea
Sponsor, International Business
Consortium Inc. www.ibcre.com
• Markham Wellness District
• Social Entrepreneurship
Consortium Inc.
• Past President of United Nations
Associations of Canada
UNACTO.
www.ibcre.com
Mr. Firoz Shroff: Social Entrepreneur
• A successful businessman turned philanthropist
and social entrepreneur
• with passion to create and develop self sustaining
ventures by applying innovative social models
• with over 40 years of experience in the private
and non- profit sectors.
• A remote coach in Tulane University's social
entrepreneurship MBA program
• services various trusts and foundations.
Social Entrepreneurial Valufacturing Firm
• Dubai based private family office www.SECONSORTIUM.com
• Creating Social Entrepreneurship Fund with
their own “Hybrid” seed capital
• with objective that the profits of which will go
to Social causes.
Mr. Firoz Shroff
• has administered multi-billion dollar
transactions with hands on approach
• has built number of organizations with
innovative implementation strategies
• assists social and business sectors to develop
self-sustaining entities through Social Wealth
Originating and Valufacturing Model
"Wealth is when small efforts
produce big socioeconomic results
which we can share. Poverty is
when big efforts produce small
socioeconomic results with nothing
to share."
-- Firoz Shroff
Steve Jobs
“ When you get a book as a gift ,
you don’t get just 12 ounces of
paper, ink and glue – you get for
yourself, a whole new life and
emotion to experience a new
life cycle and new mindset”.
-- Firoz Shroff
Student’s Reflection
• Mr. Shroff started to speak and engage the
audience, I was moved and inspired. Although
not as famous as Bill Gates or Warren Buffet,
Mr. Shroff was able to capture my attention
with his unique experiences and innovative
ways of collaborating philanthropy, social
entrepreneurship and profitable business
model into one. He had me pondering
throughout the entire time he was talking.
• I was very astonished to hear the way Mr. Shroff was able to
think of ideas to create self-sustaining organizations through
his philanthropic and social entrepreneurial efforts. When he
mentioned he was able to capture the attention of potential
customers for his business through donating money to the
hospital and having the hospital have his companies brochures
distributed throughout the hospital, I was amazed at how he
was able to mix marketing, business, and philanthropy into
one. Although Mr. Shroff seems like an older generation
person, he has been able to adapt to the new school of
thought and has shown the ability to look at every challenge as
an opportunity. This is what truly makes him a successful
entrepreneur. With his innovative ability to blend philanthropy
with a successful business model, he is able to help other
companies become more socially active in their community.
• I was truly able to take a lot away from his presentation. I was able to see that you can be more successful by giving back to the community. This will not only help you feel better about yourself, but it will also help your community. By using Mr. Shroff's Valufacturing Model, one can be able to be philanthropic and still have great success in their venture. Also, Mr. Shroff’s relentless pursuit for something he wants inspired me. The story he told when construction was under way for his Consortium was quite enlightening. He mentioned how the builders were unable to build in certain areas due to pipelines amongst other things. Mr. Shroff was able to go to the government himself, read all the fine print in the documents that tells him he cannot build in certain areas and was able to overcome those hurdles by changing the obstacles into opportunities.
Reflection - Mr. Firoz Shroff
Presentation • Inspiring, motivating and passionate. These are just a few
words to describe Mr. Firoz Shroff, president of Social Entrepreneurship Consortium Inc. He started his presentation in a very unique and generous manner. Mr. Shroff brought to class (consisting of about 100 students), the biography of Steve Jobs. He said he wants the book in front of us as he starts his presentation to give us a visual aspect of what a great business mind can do. He then proceeded to tell the class that Steve Jobs, the late owner of Apple, created a $600 billion dollar company without any market research- but rather his gut feeling. This was an excellent way to grab the attention of the students and relate his presentation topics to.
• To demonstrate the idea of a "SE"- Social Entrepreneurial mindset, we were shown a video of a blind man on the street begging for money. The was very impactful and inspiring for us to not approach business for the purpose of only making money or that we need loads of capital to start a business. We were told that social capital and your mindset are the true determinants of running a successful business. Mr. Shroff continues to explain the theory behind his business. He believes that a minimum amount of investment capital is needed, about 1%. However, it is the intellectual capital and the branding capital (99%) which can maximize company success. These were not only thoughts or theories which he supposed would work. These ideas are in reality the cornerstones of how Mr. Shroff operates all of his businesses and projects which have proven to work successfully.
• A very valuable and intriguing component of the presentation was when Mr. Shroff introduced the International Club of Canada case study. The land itself may not have been of great value, but Mr. Shroff explained that by integrating all the other valuable assets around the land (like Walmart, hospital, restaurants, library, etc...) he could create a mega-asset. This displays thinking outside of the box. His innovative and imaginative ideas are great examples of the potential that lies within everybody to achieve all their business goals. His concept of philanthropy was also quite impacting. Never once had I thought of tax planning through philanthropy before Mr. Shroff introduced the idea in class. It is quite evident that simplistic goals, whether large or small are all attainable for those who look past the established "stereotypes" of starting a business. Mr. Shroff showed to the class, through his presentation, his personal examples, his interaction with the students and his warm and friendly attitude and personality that we should not make maximizing profits our one and only goal. He explained to us how to think beyond the set standards of business and become a social entrepreneur, so we can impact the lives of others while we operate a successful business as well.
• Something that I did not know before is that you do not a lot of
money to start a business which was something really
surprising to me. He said that we should use hybrid capital, and
his definition of it was that you should not be required to put a
lot of money when starting your business; instead you should
invest more human capital. Collective human capital can have
numerous great benefits in compared to just money alone. He
explained that multiple heads are better than one, thus
allowing us to think of various ideas as well as minimize risk as
we do not have much to lose as most of the time and effort we
are investing into the business is our knowledge not our money.
ROI was the outcome of his investment into his company, but it
wasn’t in financial terms, return on investment, rather in his
words, it was return on idea. He also explained that giving back
is his ultimate goal.
• The presentation provided to us by Mr. Firoz Shroff was truly very inspiring and refreshing. He was the best guest speaker I have seen in my three years at Ryerson University thus far. I had always assumed that I do not have control to start a business until I either have lots of disposable income to use as start-up capital or I would have to borrow a ton of money from the bank to support my business. All the assumptions proved to be untrue after the excellent presentation provided to us by Mr. Shroff. I am now motivated and inspired to go forth as a Social Entrepreneur and fulfill my own dreams while creating a social impact within society.
• I would truly like to thank Mr. Shroff for sharing his experiences with us and giving us some of his knowledge. Although his children told him to retire and go to Florida, his hardworking nature wouldn’t allow him to sit back, rather it made him wan to pursue his goals even more. He has inspired me to become an entrepreneur and hopefully when I am successful I can give back to the community, just like Mr. Shroff. I was really inspired by his presentation and hope he can come back and share more of his experiences with us.
• Overall, I learned a lot throughout his
presentation and I am very glad I was given
this amazing opportunity to hear from such a
great person. He has changed my view on how
we should be as a society and will try to
incorporate things he said into my daily life.