CEO of Deutsche Bank Asia Pacific presents to Business School students
06 Oct 2011
It was standing room only as Robert Rankin (BEc 1986, LLB 1988), CEO Asia Pacific (ex- Japan) Deutsche Bank, returned to his alma mater for the first time in many years to present to an eager group of business school students this week.
Mr Rankin, who is also a member of the Deutsche Bank Group Executive Committee, was invited to address the group by the Sydney branch of the Business School's Finance & Banking Society (Finsoc), as part of its established guest lecture series. In 2011, the series featured other high profile guests including Warren Hogan, ANZ's Chief Economist, and Paulo Maia, CEO of HSBC Bank Australia Limited.
He told the audience that he was delighted to be back at the university and was using the opportunity to show the campus to his wife and two children while on a return visit to Australia from his home-base of Hong Kong.
Speaking about current global economic issues and the spectacular growth of the Asian market, Mr Rankin reflected on his 20 year career in the financial services industry and noted in particular 'the movement of economic gravity to the East' since he graduated from university.
"Asian capital markets used to be an afterthought," said Rankin. "Now, it's a key consideration in any global markets strategy. Amongst other things he noted the strong and continuing growth of equity markets in Asia, with significant further room for 'equitisation', the significance of the largest IPOs in history recently coming out of Asia and the increasing importance of the internationalisation of the RMB to the emergence of any 'reserve currency' for the key Asia Pacific time zone.
Mr Rankin discussed the growth of Asia relative to global economies and the amazing scale and opportunity available in the region. He warned however that this opportunity also presented challenges for the environment and sustainable growth.
He emphasised that Asia will continue to have a major impact on the world and reiterated the importance of Australian graduates possessing sound knowledge of international markets.
"Asia is a hugely varied region. Having an understanding of cultural, linguistic, and regulatory issues is now key to success in the finance industry. When I graduated you needed to travel to London or New York to have an international career. That's not the case anymore - it is possible to have an outstanding finance career in this time zone."
Rankin also enlightened students about what advice he would have given his 20-year old self.
"I've always prescribed to the three A's," he said. "Ability, Availability and Affability. Ability is fairly obvious but what I mean about availability is more than just about turning up on time. It's about being around to take up every opportunity that comes up in life and being present in every sense of the word. Affability is the fact that people simply enjoy working with people they like and respect."
Finsoc President, Edward Deng (BCom, LLB (IV)) was thrilled with the large student attendance at the presentation and said the response reflected the calibre of the speaker.
Our immediate past president, David Foong (BCom (Hons), LLB (IV)), approached Mr Rankin to speak at the university earlier this year. "We think it is vitally important to give current business students access to leaders of international business and hear about the latest industry trends as well as their reflections on what it takes to be successful."
Mr Rankin's appearance at the university reaffirms Deutsche Bank's commitment to education and attracting some of the best and brightest minds at the graduate level.
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