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News Article

05 May 2011

ADCB Supports INSEAD to Host Master Class on Entrepreneurship and Innovation

Event attracted over 100 senior corporate executives to discuss entrepreneurial ventures in the current economic environment

Abu Dhabi, 5 May 2011: Abu Dhabi Commercial Bank (ADCB) and INSEAD, the leading international business school, partnered to provide inspirational education last week at a master class on ‘Entrepreneurship and Innovation in the New Economy.’ The event was well-attended by senior corporate executives and professionals from the United Arab Emirates.

The lecture was led by the Dean of INSEAD, Dipak C. Jain, who focused on the types of new and innovative entrepreneurial ventures that would be appropriate in the current climate of economic and social structural changes. The event was presided over by ADCB’s CFO, Mr. Deepak Khullar.

“Economic and geopolitical uncertainties have become so entrenched in today’s everyday life that it is time business and economic planning become unconstrained,” said Dipak C. Jain.

“One has to anticipate the complexity of this world and keep coming up with creative plans. We live in an interconnected world which is continually evolving – a ‘nanosecond culture’– in which hyper-competition has become a global phenomenon,” said Jain. “We have to consider the human aspect of our world: the demographics of an aging population in the developed world vis-a-vis a young population in the developing world and the evolution of social media when seeking out entrepreneurial opportunities in this new economy.”

Mr. Deepak Khullar, Group Chief Financial Officer, said: “At ADCB, we understand the ambitions of the people who surround us and we recognise that a great education is the foundation for achievement. This partnership will bring ADCB and INSEAD together to advance knowledge and learning, and ensure collaboration at the highest level between the two pioneering organizations. It is a strategic public and private partnership which aims to ensure the availability of exceptional opportunities for professionals and professional education. ADCB is committed to higher education and believes in nurturing the ambitions of individuals.”

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