Sumit Jamuar

Early life

Sumit was born to Mrs. Rita Jamuar and Prof. Sudhanshu S. Jamuar in Patna. He was brought up in New Delhi at the Indian Institute of Technology (IIT), Delhi campus where his father served a Professor in the Electrical Engineering Department.

Education

He holds a bachelor's degree in Chemical Engineering from the Indian Institute of Technology (IIT), Delhi. He completed his post-graduation in Business Administration from INSEAD, Fontainebleau. He has attended programmes in University of Massachusetts Amherst and Tuck School of Business at Dartmouth.

At INSEAD he contributed to research paper on Corporate Governance “Board Seat Accumulation by Executives: A Shareholder's Perspective” that was published in Journal of Finance and has been cited by over 170 research papers.

Career

Consulting Career

Following graduation from IIT Delhi, Sumit started as a Business Analyst with McKinsey & Company, India. He was the first undergraduate consultant to be hired in the inaugural class of two Business Analysts marking the start of the Business Analyst programme in the Indian office of McKinsey & Company. During his consulting career, he served top Indian and global institutions in banking, steel and automobiles. Key engagements included building the off shoring proposition for a blue-chip Global Bank, international expansion strategy for the top Indian private bank, as well as, report outlining road map of policy initiatives to increase Foreign Direct Investment in India which was launched by the Hon. Finance Minister of India, Jaswant Singh.

Banking Career

Sumit worked with Lloyds, (previously known as Lloyds TSB Bank) London between 2003 and 2012. He held several senior leadership positions in start-ups, global client coverage, strategy & transformation and a turnaround unit in the bank. During his last assignment at the organization, he served as the Managing Director and Global Head of Sales in the Financial Institutions team and also served as a Member of the Financial Institutions Group Executive Committee at the organization. Prior to that he was MD & Head of Solutions CRE BSU and played a lead role in creating one of the largest turnaround unit for distressed commercial real estate assets. He was also MD & Head of Emerging Markets, and Head of Strategy & Transformation, where he advised the Group Executive Director for Wholesale Bank as chief strategist. He started his career in Lloyds TSB Bank as Venture Manager in the Corporate Venturing Unit. He was also appointed Chairman of Lloyds GEM Network, the ethnic diversity network.

He has been recognized as an “outstanding leader” by the CEO of the Lloyds Corporate Bank in a cover feature (source: FX-MM), and “top talent” in Wholesale & International Bank.

Other Roles

Sumit has been an advisor to GEMS Education, the largest private school operator in the world, for their Africa and Europe operations expansion specifically in Nairobi, Kampala, Etoy (near Geneva) and Normandy, France. He was a member of the European Council for BAFT-IFSA, a leading financial services trade body, where he had leading involvement in industry initiatives like engagement with Regulators and Members of Parliament on BASEL III. He is also a fellow at the Institute of Directors, since 2009. IOD is an UK-based organization incorporated in 1906 that represents and sets standards for company directors.

Current Position

Sumit serves as Executive Chairman at Global Gene Corp. He is also co-founder and Executive Chairman at KYC Trust Limited, an organization that addresses compliance and regulatory risk challenges for Financial Services Industry.

Voluntary work and philanthropy

Sumit is very passionate about charity and is associated with various charitable and cultural organizations such as Lake Tanganyika Floating Health Clinic, United Kingdom, SPIC MACAY, UK and Global Education & Skills Forum (GESF) 2013.