Suresh G. Lalwani

Professor

Finance & Economics
Director – Finance & Accounts

Suresh Lalwani holds a Ph.D. from the University of Mumbai, with a doctoral research theme conceptualised on the Operational Dynamics of Credit Derivative Markets. He is a Professor in the area of Finance at SPJIMR.

In his career spanning 45 years, he led senior roles in the Banking and Mutual Fund industry in India for 25 years before he transitioned into Academics. Lalwani is a Co-Promoter and Founder Member of the Fixed Income Money Markets and Derivatives Association (FIMMDA), India.

In his 20 years of academic career, he has passionately conducted research on topics including Indian Money Markets, Banking System, Money, Debt & Forex Market, De-Regulation, and Risk Management Systems. He has currently been appointed as the Director, Finance and Accounts at SPJIMR.

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EDUCATION

University of Mumbai    

Ph.D., 2016
Focus: Economics & Finance. Theme ‘Operational Dynamics of Credit Derivative Markets – Constraints, Challenges & Solutions in the Indian Context’

University of Mumbai   

B.Com., 1981
Major: Accounts and Financial and Cost Accounting

Narsee Monjee College of Commerce & Economics  

B.Com., 1979
Major: Accounting and Economics

  • RESEARCH INTERESTS

    Financial Markets, Banking, Financial Services

  • CASE STUDIES

    Dhir, V. L., Lalwani, S. (2006). The Indian Cricket Saga (pp. 16). Case Centre, ECCH. International Publication of Case Study and Teaching Note which seeks to draw parallels between performance on the cricket field and in the corporate sector with a focus on team dynamics, change in leadership and culture, conflict management, etc. (Topics: Team performance; Leadership; Conflict management; Group dynamics; Power and politics; Culture)

    Sivaraman, V., Lalwani, S., Jalan, R. (2006). Morepen Laboratories Limited Transforming to a Healthcare Company (pp. 17). Case Centre, ECCH. International Publication of Case Study and Teaching Note calls for an assessment of the business direction and pace at which a change-oriented pharmaceutical company is headed. The case presents a canvass to assess Corporate Strategy, Financial Analysis, Financing Alternatives & Capital Structure (Topics: Business Strategy and Corporate Finance)

  • CONFERENCES

    Title /Topic Panelists / Speakers
    Tapping the Business Potential in Financial Services in India (2013)
    • Usha Thorat, Ex Deputy Governor, RBI and Director, Centre for Advanced Financial Research and Learning (CAFRAL)
    • T.V. Raghunath, CEO & MD, Kotak Mahindra Capital Company Limited
    • Avinash Gupta, National Leader, Financial Advisory Services, Deloitte India
    • Suresh G. Lalwani, Professor & Finance Area Head, S.P. Jain Institute of Management & Research
    • Arun Agrawal, Senior President & Global Head – International Banking YES Bank Limited
    • A. Balasubramanian, CEO, Birla Sun Life AMC.
    • N. Varadarajan, ED, Client Engagement, Open World Knowledge Solutions Ltd.
    Rethinking Financial Services in a Changing Landscape (2014)
    • Shyamala Gopinath, Chairperson, Clearing Corporation of India Limited and Ex Deputy Governor, RBI,
    • Dr. Pervez Ahmed, Chairman & MD, Apna UrgiCare
    • Suresh G. Lalwani, Professor & Finance Area Head, S.P. Jain Institute of Management & Research
    • Madan Padaki, CEO and MD, Head Held High Services Pvt. Ltd.
    • Vinod Wadhwani, Director (Investment Banking – M&A), Ambit Corporate Finance.
    • Mayank Bathwal, Dy. CEO, Birla Sun Life Insurance Ltd.
    • N. Varadarajan, ED, Client Engagement, Open World Knowledge Solutions Ltd.
    Indian Derivatives Market – Striking a Balance Between Risk Protection And Liquidity (2015)
    • Mr. H.R. Khan, Deputy Governor, Reserve Bank of India
    • Mr. N.S. Venkatesh, Executive Director, IDBI Bank Ltd. & Chairman FIMMDA
    • Suresh G. Lalwani, Professor & Finance Area Head, S.P. Jain Institute of Management & Research
    • Mr. Ravi Varanasi, Chief, Business Development, National Stock Exchange,
    • Mr. Ashish Ghiya, Managing Director, Derivium Capital and Securities Private Limited
    • Mr. R. Govindan, Vice President, Corporate Finance and Risk Management, Larsen & Toubro Limited.
    • Mr. N. Varadarajan, Founder, iThink
  • WORK EXPERIENCE

    S.P. JAIN INSTITUTE OF MANAGEMENT & RESEARCH, MUMBAI (AUG 2002 – NOW)

    Professor – Finance

    ADMINISTRATIVE ASSIGNMENTS

    Financial Controller, Business School. (May 24, 2019 – Present).

    Chairperson, PGPM, Program. (April 1, 2015 – January 2018).

    Area Head, Finance (June 1, 2013 – January 2015)

    L & T Group Companies (1998 – 2002)

    Group Head – Money Markets

    Bank of India, Union Bank of India (1978 – 1998)

    Fund Manager & Chief Dealer (Money Markets)

  • CONSULTING

    Academic, Advisory Board of Mahindra Leadership University, Finance Academy. (2014 – Present).

    Member of Academic Advisory Council, N.L. Dalmia Institute of Management Studies and Research, Mumbai, Maharashtra. (2020 – 2021).

  • MDPS/FDPS

    Title /Topic Role
    C-Suite Programme for CXOs – Personalized / Customized Finance Coaching for Senior Executives of Mahindra & Mahindra Ltd. (April 15, 2019 – June 2020) Program Coordinator / Faculty
    Case Writing Workshop for Employees of Mahindra & Mahindra Ltd (Mar.-Nov 18) Faculty Coordinator
    MDPs for the Welspun Group of Companies (Nov. – Dec. 2009) Faculty / Module Coordinator
    MDPs for Area Managers of ‘ GlaxoSmithKline Pharmaceuticals Ltd’- Topic: Assessing Business Performance – Interpreting Financial Statements (Sep. 2009) Faculty
    MDPs for Finance Executives of ‘Hindustan Petroleum Corporation Limited’- Topic: Financial Markets (Feb. 2009) Faculty
    MDPs for ‘Fixed Income Money Market and Derivatives Association of India’ (FIMMDA) – Topic: Debt Securities and Treasury Management (Jan. ’04 – Oct. ’05) Faculty / Module Coordinator
  • PRESS & MEDIA

    Articles Published in the Media:

    Sr. No Type Name of Author/ Co-Author(s) Title Published in
    1 Article Lalwani, S. The “Chrysalis Stage”- Changes in Indian Money Markets (Area: Financial Markets) The Economic Times
    2 Article Lalwani, S. “A Matter of Squeeze” -Impact of de- regulation on banking system (Area: Financial Markets) The Economic Times
    3 Article Lalwani, S. Dynamics of An “Irrational” Market – Discerning sense from seemingly irrational behaviour of market players (Area: Financial Markets) The Economic Times
    4 Article Lalwani, S. “To Be or Not To Be” – Gauging the co- relation between Money, Debt & Forex markets (Area: Financial Markets) The Economic Times
    5 Article Lalwani, S. Remove Barriers – Let Funds Flow – Need for integration between market segments (Area: Financial Markets) The Economic Times
    6 Article Lalwani, S. “Open Sesame” – Impact of RBI’s bids through OMOs (Area: Financial Markets) The Economic Times
    7 Article Lalwani, S. “The Winner Guards Them All”– A Proactive approach on Risk Management in the Bond Markets (Area: Financial Markets) The Economic Times
    8 Article Lalwani, S. Gersappa, R. “Custom-make your Model”– Need for designing Risk Management Systems in context of Indian markets (Area: Financial Markets) The Economic Times
    9 Article Lalwani, S. Gersappa, R. “No LAFing Matter This….”– Implications of the Liquidity Adjustment Facility (LAF) of RBI (Area: Financial Markets) The Economic Times
    10 Article Lalwani, S. Gersappa, R. “In a Mid-life Crisis” – A take on performance expectations on the Indian Mutual Fund industry (Area: Financial Markets) The Economic Times
    11 Article Lalwani, S. Gersappa, R. “Beware of the Pot-holes”– Need for a sobering effect amidst profit potential of declining interest rates (Area: Financial Markets) The Economic Times
    12 Article Lalwani, S. Gersappa, R. “In Sync or Out?” – Imperfect correlation between interest rate differentials & forward premia in the Indian markets (Area: Financial Markets) The Economic Times
  • TEACHING INTEREST

    Financial Markets, Commercial Banking, Managerial Accounting, Financial Analysis for Decision Making, Financial Risk Management, Debt Securities & Treasury Management, Banking Regulation & Practice, Credit Derivatives.

  • PROFESSIONAL MEMBERSHIPS

    Joint Promoter and founder member of FIMMDA http://www.fimmda.org/>a self-regulatory organization of banks, primary dealers, financial institutions, The Fixed Income Money Market and Derivatives Association (FIMMDA). (1997 – 1998).

  • LICENSURES AND CERTIFICATIONS

    Certified Associate of the Indian Institute of Bankers (CAIIB), Indian Institutes of Banking & Finance. (May 1985 – Present).

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