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Goldman Sachs Foundation to Support ISB's Centre for Analytical Finance
Hyderabad, December 7, 2005: The Goldman Sachs Foundation, a global philanthropic organization funded by The Goldman Sachs Group, Inc., is making a grant to the Centre for Analytical Finance (CAF) at the Indian School of Business (ISB) to support research work at the Centre.
The Goldman Sachs Foundation supports academic programmes that provide high-quality instruction in the related subjects of entrepreneurship, business, financial literacy, economics and leadership. Present for the media briefing at the ISB, Lloyd C. Blankfein, President and Chief Operating Officer, The Goldman Sachs Group, Inc., said, "Goldman Sachs, through the Foundation, is proud to support the Indian School of Business and its efforts to prepare a new generation of business leaders. The $1 million grant announced today will support the school's Centre for Analytical Finance, which will strengthen its position as the premier finance research centre in the Asia-Pacific region." Speaking on the grant, Prof. M. Rammohan Rao, Dean, ISB, said, "It is a matter of great pride for us that an organization such as the Goldman Sachs Foundation has chosen to support the ISB. This is the first time that the GS Foundation is supporting an educational institution in India. The Goldman Sachs Foundation has had a long standing association with the ISB, being one of the first to support us when the School was being established." Commenting on the funding, Prof. Sankar De, Executive Director, Centre for Analytical Finance, ISB, said, "This is a truly momentous occasion for CAF, ISB, India and Asia! Goldman Sachs is the world's most renowned financial services firm. CAF is Asia's newest finance research centre at an academic institution. This funding makes us partners, and all emerging markets stand to benefit from the research the funding will support." Contributed by - |
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