invstr Meets: Professor Daniel Rukare of Hult University
invstr met up with Professor Daniel Rukare of Hult University in London, and got his opinion on the Banking industry and the disruptive power of Fintech.
Daniel is a Professor of Entrepreneurship at Hult International Business School. He is a lecturer at Oxford Cherwell Valley College, an Oxford Brookes University Business lecturer and Swansea Metropolitan University lecturer.
He also has a wealth of commercial experience at FedEx and DHL and as an entrepreneur ran two private businesses in consulting and ranching.
A rundown on Hult International Business School
Hult International Business School is a global business school with campus locations in San Francisco, Boston, London, Dubai, Shanghai, Ashridge (UK) and New York City. Hult has a student body comprising over 130 nationalities and an alumni network of over 16,000 professionals working across the globe. In 2015, Hult merged operations with Ashridge Business School, a world-renowned thought leader and executive education provider, under the common brand “Hult International Business School”. The combined school’s mission is to become the world’s most relevant business school to employers globally. Hult International Business School is a non-profit organized in the Commonwealth of of Massachusetts and accredited by the New England Association of Schools and Colleges and the Association of MBAs.
The school has also been accredited by the British Accreditation Council of Independent Further and Higher Education. Hult is a member of the Association to Advance Collegiate Schools of Business (AACSB).
Hult’s Undergraduate program appeared in Bloomberg’s Undergraduate Business School ranking, as its first appearance in any undergraduate ranking, in 2016. The school was ranked as #124 in the United States. However, this ranking was only based upon the graduating class of 2015 from the London campus. The program has only been present in the United States since the 2014–15 academic year.
Hult International Business School is the lead sponsor of the Hult Prize (formerly Hult Global Case Challenge), an annual international case competition launched in 2010 that asks students to find solutions to global social challenges. The Prize is a partnership between Hult International Business School and the Clinton Global Initiative. Bill Clinton selects the challenge topic and announces the winner each September. Clinton mentioned the Hult Prize in a TIME Magazine article about “the top 5 ideas that are changing the world for the better.”
Teams from business schools around the world compete at one of five regional events to develop the best solutions to that year’s social challenge. The best teams from each regional event advance to a global final, at which a single winning team is chosen. Bertil Hult provided a $1 million cash grant to the partner NGO to help fund the winning solution in 2010, 2011 and 2012. In 2013 he will instead provide the same cash grant for the winning team to establish a new social enterprise.
In 2010, the competition focused on education in partnership with One Laptop per Child. The 2011 event partnered with Matt Damon’s water.org to focus on provision of clean water. In 2012, Hult Prize partnered with Habitat for Humanity, One Laptop Per Child and SolarAid to address global poverty through the provision of education, housing and energy.
The 2013 Hult Prize was won by a team from McGill University headed by MD / MBA Student Mohammed Ashour. The team continues to implement their idea of growing edible insects for food and feed under the name Aspire. The company is based out of Montreal, Canada, and has active operations in Ghana, Mexico, and the United States.
The Hult Prize 2014 was won by a team from the Indian School of Business, called NanoHealth. NanoHealth specialises in chronic disease management and provides holistic and affordable healthcare at the doorstep. NanoHealth creates a network of community health workers called ‘Saathis’ and equips them with a low-cost point-of-care device called the Doc-in-a-Bag. NanoHealth aims to avoid more than a million pre-mature deaths every year by providing affordable healthcare at the door step of the urban poor.
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Oil's Slick Upward Move
Technocratic officialdom just declared UBS, Zurich Insurance, Nestle, and in fact, the entire Swiss stock exchange, 'off-limits.' They've done what, now?
Once upon a time, a complex myriad of red tape allowed Swiss stocks to be traded across the European Union (EU). Brussels said enough's enough to that and decided to craft one deal to rule them all. While that was being drafted, a Swiss subplot started to boil. Elections, euro-skepticism, and trade unionists became a focal point, and the EU's immovable deal hit a Switzerland's unstoppable sentiment. The treaty crumpled.
In short, the EU just sent the bloc's fourth-largest exchange packing. The SIX, valued at $1.7 trillion with Nestle and Novartis on its register, is out it's own bounds. We can't invest in it anymore!
It's hard to tell who has this worst. For a start, Swiss companies may be forced to other stock exchanges outside Switzerland. A few already have. Investors still with access could end up paying more for shares as, with a European third of orders gone, brokers recoup money by setting higher asking prices. And the officials behind all this? Truly at each other's throats.
Within the political mire, many hoped both sides could iron out their differences and keep the "equivalence" agreement going. Nope. Switzerland is furious with the EU for what it sees as a flex of power in front of Britain, still in its Brexit muddle. Creating a theatre, it sounds like Brussels is shouting 'don't mess with us!' in the direction of the UK, now teetering closer to a no-deal cliff edge. As Brussels endures its own leadership merry-go-round, Downing Street doesn’t even know to whom it should address its strongly worded letters…
All this couldn't happen to British stocks, could it? Could it?!
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