EDHEC-Risk Concept Industry Analysis Featured Analysis Latest EDHEC-Risk Surveys Research News Research Papers Books Features Interviews Indexes and Benchmarking EDHEC-Risk Efficient Equity Indices FTSE EDHEC-Risk ERAFP SRI Index Equity Index Research EDHEC-Risk Alternative Indexes Hedge Fund Index Research EDHEC-Risk IEIF Commercial Property Indices Amundi ETF "Core-Satellite and ETF Investment" Research Chair Solvency II Benchmarks Style and Performance Analysis Hedge Fund Performance EuroPerformance/EDHEC-Risk Institute Style Ratings Performance Measurement for Traditional Investment Asset Allocation and Alternative Diversification Real Assets Newedge "Advanced Modelling for Alternative Investments" Research Chair CME Group "Exploring the Commodity Futures Risk Premium: Implications for Asset Allocation and Regulation" Strategic Research Project SGCIB "Structured Equity Investment Strategies for Long-Term Asian Investors" Strategic Research Project Asset Allocation and Derivative Instruments Structured Forms of Investment Strategies FBF "Structured Products and Derivatives" Research Chair Eurex "The Benefits of Volatility Derivatives in Equity Portfolio Management" Strategic Research Project ALM and Asset Management AXA Investment Managers "Regulation and Institutional Investment" Research Chair BNP Paribas Investment Partners "ALM and Institutional Investment Management" Research Chair Deutsche Bank "Asset-Liability Management Techniques for Sovereign Wealth Fund Management" Research Chair Ontario Teachers' Pension Plan "Advanced Investment Solutions for Liability Hedging for Inflation Risk" Research Chair Rothschild & Cie "The Case for Inflation-Linked Corporate Bonds: Issuers' and Investors' Perspectives" Research Chair Russell Investments "Solvency II Benchmarks" Research Chair Operational Risks and Performance Best Execution: MiFID and TCA Mitigating Hedge Funds Operational Risks CACEIS "Risk and Regulation in the European Fund Management Industry" Research Chair EDHEC-Risk Publications Reports, Studies, Surveys and Position Papers Academic Publications All EDHEC-Risk Publications Events Events organised by EDHEC-Risk Institute Analysing Sovereign Risk for Portfolio Management Decisions Seminar, London, 12-13 June, 2012 CFA Institute/EDHEC-Risk Institute Advances in Asset Allocation Seminar, New York, 12-14 June, 2012 Advanced Commodity Investment Seminar, London, 19-20 June, 2012, New York, 16-17 July, 2012 New Frontiers in Equity Investing Seminar, Boston, 26-27 June, 2012 Events involving EDHEC-Risk Institute's participation EDHEC-Risk Institute Presentation Research Programmes Research Chairs and Strategic Research Projects Partnership IPE EDHEC-Risk Institute Research Insights International Advisory Board Team EDHEC-Risk News EDHEC-Risk Newsletter EDHEC-Risk Press Releases EDHEC-Risk in the Press Careers EDHEC Business School EDHEC-Risk Executive Education EDHEC-Risk Institute PhD in Finance EDHEC-Risk Institute Executive MSc in Risk and Investment Management Investment Management Seminars Contact Us Contact Us
EDHEC-Risk Executive Education

EDHEC-Risk Institute PhD in Finance - Testimonial: Rehan Syed, Head of Portfolio Management, ABN AMRO Private Bank, Dubai

Could you give us a brief job description and tell us about your academic background?

I work as the Head of Portfolio Management for the ABN AMRO Private Bank Dubai serving high-networth families and small institutions in the Middle-East, North Africa and the greater Indian subcontinent (MENAI). My primary achievement since joining in 2006 was to initiate a new disciplined portfolio management programme for MENAI which provides the company with a high-value-added and clientcentric revenue model that is particularly suited to current market conditions. Today, with support from two junior staff in Dubai and regional headquarters in Singapore, I manage a rapidly growing base of multimanager absolute return portfolios in line with the bank's research and tactical asset allocation models. I have an undergraduate degree in Mathematics and Computer Science (from OWU) and an MBA (from UC Berkeley.)

Why are you pursuing the PhD in Finance?

My motivation is three-fold: (i) to deepen my skill set within my current job function, (ii) to get acquainted with the state-of-the art in investment management and be in a position to apply it to improve the way we work, (iii) to enhance my career by positioning closer to the cutting-edge of knowledge and practices.

Why not go for a master's degree?

First off, I and all other PhD students already have a Master's degree, so this goes well beyond. With the PhD, you really get an edge by learning about the latest research in the field—years before it filters down into textbooks—and contributing to it with professors and peers. The research skills you develop can be used throughout your professional life to allow you to stay abreast of future financial innovations and possibly play a part in these.

Why choose EDHEC Business School?

First, I do not see EDHEC as a business school rather than as a finance school due to its excellence in asset management—this is the perfect fit with what I want to do. Second, the unique structure of the programme allows executives to participate and concentrate on issues which are of high relevance to business when other PhD programmes are about training people for academic jobs. Third, EDHEC has assembled an admirable faculty roll of top-tier experts who are equally respected by academia and industry—it's very motivating to learn from and work with top-notch and credible people. I had been looking for such a programme for four years and was delighted to learn about it.

Were you apprehensive about the programme before it began?

Well, a small part of me wondered whether this would truly be an international programme or whether French would be the unofficial language in which things would happen on the side. This proved unfounded: participants literally come from all over the world and hold passports from 16 different countries; English is not only the language of instruction but also that used in informal talks. There was also the age factor—since I am 41, I apprehended being swarmed by young graduates; the fact that there are many participants in my age group was very comforting (overall, the age range is 23-52 with the 20%-80% percentile being 30-41 – the average executive track participant is 39.)

What did you like about the first residential week?

The two things that struck me most were the quality of delivery and the technology. Professors were very well-prepared and delivered great classes; they laid out very clear syllabi and provided participants with quality course packages and lecture notes. The videorecording and Internet-playback technology is hugely beneficial; it is a relief to know that everything is available and that I have the opportunity to go back and replay sections of the class which I may not have fully comprehended. This technology really levels the playing-field for people with diverse backgrounds.

What did you think of the research workshop?

In terms of job relevance, it could not have been any better since the research presented was clearly linked to the issues I work on—risk and correlation—and was highly applicable. I did not expect to bring back so much to the office from a single workshop. I was also impressed by the depth of the researcher's knowledge and by his ability to convey it to participants and address their questions on the spot. The workshop gave me something to aim for: I want to be confident enough to give this kind of presentation by programme end.

What is your view of the class?

Participants in the PhD in Finance are a diverse group of highly skilled and motivated people who have come here for true learning. While the geographic diversity of the class is great, what truly makes a difference is that these people have elected to be in a learning environment and have the right motivation, self-improvement, as opposed to things like adding another credential to their résumés.

Who would you recommend the programme to?

I would recommend the programme to any experienced asset management officer aspiring to higher intellectual levels and career development, and to anybody who wants to function on the state-of-the-art boundary, which is way beyond where professional designations take you. Come to think of it, I would recommend the programme to any serious finance practitioner.