The Simon Business School at the University of Rochester announced the establishment of the Rajesh Wadhawan Chair for Development Economics, according to a report in BusinessWire. The investiture is in commemoration of the WGC Group’s Indian American founder and his vision of economic equitability.
Over the last three decades, the WGC Group has been at the forefront of developing solutions for financial inclusion of the marginalized sections. The Chair is a part of its social investments to enable opportunities for the transformative progress of these communities. It is aimed to be a critical driver of new insights and enabling wisdom in the understanding of development economics. The WGC Group will continue to support the Chair’s curriculum by offering internships and other associations to students across its Group companies’ offices in India and the UK.
“Through the investiture of the Rajesh Wadhawan Chair, the Wadhawan family and the WGC Group reinforce their commitment towards creating a more equitable society. Their generosity will enable us to channelize analytical research towards solutions for inclusive growth. Through this partnership, we are hopeful of deepening our participation in the global dialogue for financial inclusivity,” remarked Dean Andrew Ainslie of Simon Business School.
Kapil Wadhawan, chairman of the WGC Group, said, “The Rajesh Wadhawan Chair reinstates our founder’s legacy of doing business with purpose. As we take our partnership with the Simon Business School to the next level, we aim to shape a future of equitable progress and create a larger impact globally.”
The Wadhawan family, represented by Mrs. Aruna Wadhawan, wife of late Rajesh Wadhawan, and son Kapil Wadhawan, his wife Vanita and daughter Tiana and son Kartik, were present at the plaque ceremony at the campus.
Prof. Gregory H. Bauer, Associate Dean of Full-Time Programs, Simon Business School, has been nominated as the permanent faculty for the Chair. He was associated with the Bank of Canada as the Senior Research Director for Financial Markets. Bauer has taught at the Simon School for 22 years. He is a four-time winner of the Superior Teaching Award from the Simon MBA program and a multiple winner of awards from the Executive MBA program. His research concerns international capital flows and the origins of financial crises.
Simon Business School is the business school of the University of Rochester and one of the world’s top graduate business institutions. It offers an education that attracts students who value analytic bias. The school believes strongly in the value of economics and statistics in the analysis of all business problems, and it is reflected in its ranking as a top five school for economics and finance.
University of Rochester is one of the top-tier research universities in the US. The private, non-profit university was founded in June 1850. It offers undergraduate, graduate, doctoral and professional degree programs. University of Rochester Medical Center Rochester’s Headquarters are located at 601 Elmwood Avenue, Rochester, New York, USA 14642.
Wadhawan Global Capital is a leading financial services group head-quartered in India. The group manages $22 billion of assets through its lending, asset management and insurance businesses. WGC Group has partnered with leading financial institutions such as the International Finance Corporation, Washington, and Prudential Financial Inc., in transforming the lives of millions of customers.
WGC is the parent company for some of the top brands in India such as DHFL, Aadhar Housing Finance Company, Avanse Financial Services Ltd., DHFL Pramerica Life Insurance Company Ltd., Arthveda Finance, Wadhawan Wealth Managers, DHFL General Insurance and DHFL Pramerica Asset Managers Private Ltd. The company has a London-based wholly-owned subsidiary Wadhawan Global Capital (UK) Ltd.