Department of Business Administration: Colloquy-11 A symposium on wealth Management

Colloquy-11, A symposium on Wealth Management was organised by the Department of Business Administration, St Joseph Engineering College on 30th September,2011 at the Conference Hall.

The chief guest was the Inaugural function was Dr T. Mallikarjunappa, Professor, Department of Business Administration, Mangalore University. As a key note speaker, he addressed that India has huge pool of human resources who are technically qualified and is a centre of attraction. He referred population as wealth. and insisted on producing goods which are countable to increase the GDP of nation, this will help in growth of the nation. He made a distinction between wealth and profit maximisation and added on saying creation of wealth is superior to profit. Wealth management cannot be looked in a narrow sense and if you earned enough wealth after cutting on breakfast, lunch and dinner, you have not created wealth but destroyed your health. So, we should look at wealth in a broader sense.

Dr Joseph Gonsalvis, Principal, SJEC was the Guest of Honour for the inaugural delivered his address by saying that wealth management is not easy and understanding this requires supreme knowledge and it was a priviledge to have Dr T. Mallikarjunappa to give us the inputs.

As a token of respect and gratitude, the Director of SJEC handed over the memento to our Chief Guest. Rev. Fr Valerian D’souza, the Director of SJEC was present for the inaugural. Dr Prakash Pinto, Dean of Business Administration welcomed the gathering and the vote of thanks was proposed by Ms. Babitha Rohit, Organising Secretary, Colloquy-11.

The first session on the topic “Stock Market Investments and Wealth Management” was conducted by Mr. Norbert Shenoy, MD of Arunaanjali Securities, Mangalore. He made a mention that “Market respects no reputation, no academics, but respects one and only thing, that is DISCIPLINE.”

The second session on the topic “Financial Education and Wealth Creation” was conducted by Professor Radhakrishna Sharma, Associate Professor, Justice K S Hegde Institute of Management, Nitte.

The symposium was attended by the 200 students of both MBA and M.Com programmes of various colleges in Karnataka State.

The valedictory function was graced by Mr. Michael Lobo, Cluster Head, South Canara and North Karnataka, HDFC Asset Management Company Ltd who addressed the issue of Mutual Funds and its affect on the Indian economy. He stated the role of mutual funds in risk reduction, benefits reaped by the investors from the professional management skills of the fund managers.

Dr Anjali Ganesh, Professor, Department of Business Administration, welcomed the august gathering. Ms Lorraine Rosario, Assistant Professor, Department of Business Administration proposed the vote of thanks.