Lakshman Kumar
Director, Regulatory and Risk Services
Lakshman Kumar is a Director in Ingenia Consultants Risk and Regulatory Practice. He provides advice to the clients in fund and asset management and financial services on regulation, licensing and conduct of business and operational risk management.
His experience includes advising the clients seeking the approval/registration from the Monetary Authority of Singapore(MAS) for setting up of the Registered and Licensed Fund Management Companies, financial services firms seeking to engage in providing other capital market services, and advising clients on implementation of processes and controls for cost effective and business focused risk management. He has also assisted and helped clients to introduce and embed good corporate governance structures and practices in line with MAS guidelines and global best practice.
In addition, Lakshman leads a team of professionals in conducting the internal audits of the clients where such activity is outsourced to Ingenia. His expertise lies in suggesting/recommending to the client’s risk management controls that are aligned to the size and complexity of business and not overly burdensome to implement.
Lakshman’s experience encompasses assisting/helping the clients, by closely working with them, to prepare them for regulatory reviews and inspections, responding to the regulatory inspection findings and implementing processes and controls consequent to such regulatory reviews.
Experience
From 2001 and prior to April 2016, Lakshman held the following Executive Management roles:
- as Regional Head of Compliance, Operational Risk and Corporate Governance, Eastspring Investments, Singapore (the Asia asset Management business of Prudential plc, UK);
- Member of Eastspring’s Management Board and Director on several Eastspring Companies in Asia;
- Chair/Member of Audit Committees of Eastspring businesses in Asia;
- Head of Risk Management, Prudential Corporation Asia, Hong Kong;
- Head of Asset Management Compliance, Prudential Corporation Asia, Hong Kong.
Lakshman joined Prudential ICICI Asset Management Company, India in April 1998 as a member of initial senior management team and held the role of Senior Vice President, Finance, Compliance and Company Secretary till September 2001.
Lakshman also held the roles as Senior Vice President- Finance and Compliance- GIC Asset Management, Vice President and Chief Compliance Officer and Company Secretary of DSP Merrill Lynch Asset Management and Assistant General Manager in Reserve Bank of India/National Bank for Agriculture and Rural Development (NABARD).
Academic and Professional Qualifications:
- Post-graduate degrees in Management, Commerce and Public Enterprise Management.
Affiliations
- Associate Member of the Institute of Company Secretaries of India
- Associate Member of the Indian Institute of Bankers.
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