New Economy Forum In Singapore To Address Business Challenges

by CXOtoday News Desk    Oct 08, 2018

singapore

Over 400 of the world’s influential business and government leaders are set to attend Bloomberg’s New Economy Forum in Singapore on November 6-7, 2018. The forum will convene a first-ever gathering of preeminent leaders to begin seeking private sector-led solutions to challenges created by a world economy in transition, increasingly led by China and India as well as rising powers in Africa, the Middle East and Latin America. The goal of the forum is to identify emerging issues that governments have been unable or unwilling to address and commit to steps that will ensure global stability and growth.

“Following the Global Business Forum, we will be hosting the inaugural New Economy Forum in Singapore in November to continue the constructive dialogue we had last week on trade, globalization and innovation,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, mayor of New York City from 2002-2013, UN Special Envoy for Climate Action and WHO Global Ambassador for Non-communicable Diseases. “The new emerging world order is creating emerging challenges - issues that the private sector can take steps to ensure global stability and growth, an urgent mission in the face of chronic inaction by governments.”

The New Economy Forum was established with the support of 11 Founding Partners and their leaders, including 3M CEO Mike Roman; ADNOC CEO H.E. Dr. Sultan Ahmed Al Jaber; Dangote Group CEO Aliko Dangote; ExxonMobil Chairman and CEO Darren W. Woods; FedEx Chairman and CEO Frederick W. Smith; HSBC Group Chief Executive John M. Flint; Hyundai Motor Company Vice Chairman Euisun Chung; Mastercard President and CEO Ajay Banga; Microsoft CEO Satya Nadella; Public Investment Fund of Saudi Arabia Managing Director H.E. Yasir Al-Rumayyan; and SoftBank Group Chairman and CEO Masayoshi Son.

Speakers and participants at the New Economy Forum include:

 Mukesh Ambani, Chairman, Reliance Industries

Carlos Brito, CEO, Anheuser-Busch InBev

Steve Case, Chairman and CEO, Revolution

Gary Cohn, Former Assistant to the U.S. President for Economic Policy and Director of the National Economic Council 

Mohamed El-Erian, Chief Economic Adviser, Allianz

Lawrence D. Fink, Chairman and CEO, BlackRock

Orit Gadiesh, Chairman, Bain & Company

Anwar Ibrahim, Malaysia’s prime-minister in waiting  

Mulyani Indrawati, Minister of Finance of Indonesia

Subramanyam Jaishankar, President of Global Corporate Affairs, Tata; former Foreign Secretary of India

Kai-Fu Lee, Chairman and CEO of Sinovation Ventures

Christine Lagarde, Managing Director, International Monetary Fund

Jorge Paulo Lemann, Founder, 3G Capital

Charles Li, CEO, HKEX Group

Peter Mandelson, Global Counsel Co-Founder and Chairman

Strive Masiyiwa, Founder and Executive Chairman, Econet Group

Ravi Menon, Managing Director, Monetary Authority of Singapore

Luis Alberto Moreno, President, Inter-American Development Bank

Nandan Nilekani, Infosys Limited Chairman

Lubna Al-Olayan, Chief Executive Officer, Olayan Financing Company

David Rubenstein, The Carlyle Group Co-Founder and Co-CEO

Kevin Rudd, Former Australia Prime Minister and President of the Asia Society Policy Institute

Minouche Shafik, Former Deputy Governor, Bank of England; Director, London School of Economics and Politics

David M. Solomon, CEO, Goldman Sachs

Anthony Tan, Co-founder and Group CEO, Grab

Marjorie Yang, Chairman, Esquel Group

Janet Yellen, Former Chair of the U.S. Federal Reserve Board of Governors

Zhang Lei, Founder and Chief Executive Officer, Hillhouse Capital Management Group

Advisory Board members of the New Economy Forum include 

Dr. Henry A. Kissinger, along with Henry M. Paulson, Jr. and Zeng Peiyan as co-Chairs. Reliance Industries Limited Chairman Mukesh Ambani, Alibaba Executive Chairman Jack Ma, Tomoh Advisory CEO Dr. Bassem I. Awadallah and Chairman of Ofer Global, Zodiac Group and Global Holdings Eyal Ofer have joined the forum’s Advisory Board, made up of a group of world leaders across the highest ranks of business, government, education and philanthropy. Additional members include Bill Gates, Gary Cohn, Jorge Paulo Lemann, Jean Liu, Lou Jiwei, Penny Pritzker, Raghuram Rajan, Condoleezza Rice, David Rubenstein, Kevin Rudd, Tu Guangshao, Tung Chee-hwa, Xie Zhenhua, Janet Yellen, Fu Ying, Zhao Qizheng, Zhou Xiaochuan and more

“I am honored to join the New Economy Forum as I believe it is more important than ever for global leaders to come together to address the critical challenges facing our world today,” said Jack Ma, Executive Chairman of Alibaba Group. “We have the potential to harness technology for the benefit of society and to unleash the power of global trade to create economic opportunity for all. To do this requires leadership cooperation from all sectors.”

“It is with great pleasure that I join the advisory board of the New Economy Forum, a new and necessary platform for today’s new economy leaders,” said Mukesh Ambani. “As India embarks on its high growth journey to double the size of its economy by 2025, and as companies like Reliance Industries experience unprecedented growth, it is imperative for new economy leaders to be addressing the common issues we face across technology, climate, inclusion and finance – so we can better future societies.”

Together with the forum’s knowledge partner, McKinsey Global Institute, the New Economy Forum will produce solutions to important global issues, covering six themes: globalization and trade, technology, finance and capital markets, climate, urbanization and inclusion.

“One of the key aspects that truly sets the Bloomberg New Economy Forum apart from other conferences is its singular focus on developing a set of concrete solutions to address some of the world’s greatest challenges,” said Kevin Sneader, Global Managing Partner of McKinsey & Company. “We will be working closely with Bloomberg and participants at the forum to produce actionable solutions to be led by the private sector, practical enough to see results starting to appear within 12-24 months.”

The two day forum will cover key topics including “Remaking Global Trade,” “Managing the Supply Chain Threat,” “The Future of Global Manufacturing,” “Energy Challenges in the New Economies,” “Managing the Next Financial Shock,” “Financing the New Economy,” “Supercities in the 21st Century” and “The Geopolitics of Markets.” The forum will consist of plenary meetings, in-depth conversations, breakout sessions, and closed-door solutions workshops.