Sanjeev Daga named COO of Harvard Management Company

first_imgHarvard Management Company (HMC) today (Nov. 13) announced that Sanjeev Daga will become its next chief operating officer in February 2019. Daga, who most recently served as COO of Columbia University Investment Management Co. (CIMC), will replace retiring COO Bob Ettl.“I had the pleasure of working with Sanjeev for more than 13 years at CIMC and we are thrilled that he will be joining the team,” said N.P. Narvekar, CEO of HMC. “His experience building and managing an extraordinary operations and IT effort at a leading endowment will be a great asset as we continue our organizational transition.”Prior to joining CIMC in 2003, Daga worked in risk management for both the Royal Bank of Scotland (RBS) and the National Westminster Bank (NatWest). He holds an M.B.A. from the NYU Stern School of Business and a B.A. from Rutgers University.“I am excited for the opportunity to join HMC and build on the work that Narv and the team have undertaken over the last two years,” said Daga. “I look forward to meeting with members of the team in the coming months and learning about the challenges and opportunities ahead, so that I can hit the ground running in February.”Narvekar also expressed great appreciation for the partnership he has had with Bob Ettl since joining HMC.“After a long, successful career in finance, Bob made clear to me a while ago that he was looking forward to retirement. I have been incredibly fortunate to have him as a partner in both the assessment and implementation of the strategy we developed,” said Narvekar.Bob Ettl joined HMC in 2008 as a managing director and chief operating officer, and served as HMC’s interim CEO in 2016, prior to the appointment of Narvekar. Ettl will remain with HMC through 2019, assisting Daga with his transition in the months following his arrival and then continue as an adviser until the end of the year.HMC also announced that Kevin Shannon, chief financial officer, plans to retire at the end of 2019, after 10 years at HMC. In consultation with Shannon and Ettl, Daga will determine whether a new CFO is needed or if the responsibilities will be distributed among the existing team.Narvekar added, “I remain incredibly grateful for all that Bob and Kevin have done and will continue to do for HMC during the upcoming transition.” Read Full Storylast_img read more

6 steps for detecting and preventing synthetic ID fraud

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » In our last post, we overviewed the different kinds of synthetic identification fraud and their impacts. Synthetic IDs are easy for fraudsters to create—they make quick money and access services for which they will never pay because their identity remains concealed. A record of a home address or fictitious lease agreement, water or electric utilities can be ordered for a vacant address under the false ID. The fraudster will then take one of these bills to their financial institution as proof of residence in order to open accounts, typically credit accounts or loan products. By providing the necessary documentation, they pass the usual first line of defense identity checks, and begin making purchases on these fraudulent lines of credit. So, how do you prevent your credit union from falling victim to these fraudsters?Often, it’s the most simple and pragmatic identity checks that can help prevent or minimize your losses. It starts with close collaboration among your risk officers, front-line operations, collections, and credit operations units. Follow these six steps to detect and prevent synthetic ID fraud.last_img read more

Cost of Raising a Child (Aust)

first_imgHuggies NZAccording to social researcher Mark McCrindle, the cost of raising children in a Australia today is higher than ever. So far, no surprises. What may surprise you is the actual bottom line of that cost: $1,000,028.93 for the average family.Take a deep breath.“We use different methodologies to arrive at that figure,” says McCrindle. “We look at the estimated costs supplied by the Government’s Child Support Agency, and then we take the social factors into consideration. “McCrindle believes that the $384,543 that the Federal Government allows for raising one child to the age of 18 is woefully out of date and inadequate. “It only takes into consideration the hard costs,” he says. “It’s not wholistic.”So McCrindle and his team went back to the drawing board, considering the consumption of children. “We looked at their proportion of utilities, costs of clothing, feeding…but we also looked at social trends,” he says. “We found that in the December 2010 Australia Bureau of Statistics report on social trends, children are financially dependent on their parents until 24 in Australia. Those who leave home in their early 20s will often return home again.”So the team assessed the cost of raising 2.7 children (the national average) to the age of 24. Without including private school fees. And came up with the million dollar figure above.“If it drops to one child, it’s still $557,013,” he says. “One child is proportionately more expensive than two, due to economies of scale.”last_img read more

Woman arrested for fatally shooting man at Sunoco gas station in Mangonia Park

first_imgPolice have arrested a 34-year-old woman for fatally shooting a man Sunday morning outside a Sunoco gas station in Mangonia Park.Palm Beach County Sheriff’s Office spokeswoman Teri Barbera said Latisha Smith was arrested Tuesday on charges of second-degree murder and being a felon in possession of a firearm.Deputies said Smith shot and killed Jonathan Coleus, 29, of Loxahatchee, in the parking lot of the Sunoco on 45th Street.A motive was not immediately known.Smith was booked into jail and being held without bond. She was expected in court Tuesday morning.last_img read more

Cartoon: Conflicts of Interest

first_imgRelated Posts The conversation about conflict of interest for bloggers (and other social media types) never really dies down, and flares up constantly in ways large and small.Sometimes it’s something as major as the U.S. Federal Trade Commission going after blogger freebies. Sometimes it’s just a drive-by accusation that a blog post is “link bait”, and not a useful or genuine contribution to the conversation.The common thread is this: What responsibility we have to our audiences, when are our own interests in conflict with theirs, and what do we do when that happens?Transparency is one answer. Disclose your interest, and all – hopefully – will be forgiven. (Jeannine Schafer drew some great disclosure notifications on a little reader due-diligence doesn’t hurt, either. Knowing that a blogger is a political activist, or a real estate agent, or a (ahem) social media strategist means you can assess what you’re reading with some knowledge of their agenda. (Even the most well-intentioned among us writes with part of our mind attuned to the potential impact on things we value – whether it’s a social cause, our social standing, or a business bottom line.)Still, I like to suspend my skepticism once in a while. Because one of the things that makes social media so valuable is the chance to connect with genuine human beings, expressing themselves in ways that aren’t the result of careful calculations of strategic interests, sales trajectories, keyword analysis or free samples of probiotic yogurt drinks.And digging for that conflict of interest, while it may protect me from being taken for a ride, also means approaching social interactions with a degree of suspicion… which is a shaky start to a new relationship.Yes, maybe a blogger’s angling for trinkets or traffic. But maybe they’re expressing a deeply-held passion. And maybe it’s a little of both. Somewhere, there has to be a balance between the benefit of the doubt and a healthy skepticism. rob cottingham 9 Books That Make Perfect Gifts for Industry Ex… More Noise to Signal. 5 Outdoor Activities for Beating Office Burnout 4 Keys to a Kid-Safe App Tags:#Cartoons#web 12 Unique Gifts for the Hard-to-Shop-for People…last_img read more

How Big The Internet Of Things Could Become

first_imgbrian proffitt Tags:#Cisco#Internet of Things 75 billion.That’s the [email protected]$#! number of devices that Morgan Stanley has extrapolated from a Cisco report that details how many devices will be connected to the Internet of Things by 2020. That’s 9.4 devices for every one of the 8 billion people that’s expected to be around in seven years.To help put that into more perspective, back in Cisco also came out with the number of devices it thinks were connected to the Internet in 2012, a number Cisco’s Rob Soderbery placed at 8.7 billion. Most of the devices at the time, he acknowledged were the PCs, laptops, tablets and phones in the world. But other types of devices will soon dominate the collection of the Internet of Things, such as sensors and actuators. By the end of the decade, a nearly nine-fold increase in the volume of devices on the Internet of Things will mean a lot of infrastructure investment and market opportunities will available in this sector. And by “a lot,” I mean ginourmous. In an interview with Barron’s, Cisco CEO John Chambers figures that will translate to a $14-trillion industry.See also: Cisco Hearts Internet Of ThingsGranted, Cisco has a lot of reasons to be bullish about the prospect of the Internet of Things: with product offerings in the router and switch space and a recent keen interest on building intelligent routing and application platforms right inside those devices, Cisco stands to gain a lot of business if it can get itself out in front of this newfangled Internet of Things.It’s not just Cisco talking up the Internet of Things: late last week, Morgan Stanley published a big 29-page research note on the topic that sought to at once define the Internet of Things and also quantify its size, growth and potential to make money.In her blog, Cisco VP of Corporate Communications Karen Tillman actually put Cisco’s estimate at 50 billion devices by the end of the decade. Morgan Stanley took Cisco’s data and predicted an even higher 75 billion figure.“Cisco estimates that only 200 million things were connected in 2000. Extrapolating the same growth rate up until 2020, this could mean that 75 billion things could be connected by then,” Morgan Stanley’s report said.Morgan Stanley’s brief was bullish as a whole, though it did deliver expectations from other companies that weren’t quite so high as Cisco’s: “Intel (INTC) forecasts that the Internet of Things will represent a 3.8-billion device opportunity by 2015 (including mobile computing i.e., tablets, smartphones…) and ABI research forecasts that number will reach 30 billion by 2020.”See also: How The Internet Of Things Will ThinkWho wins if any of these scenarios takes place? Semiconductor, network, remote sensor and big data vendors will be the lottery winners of such Internet of Things growth, to name a very few. Big data especially: 75 billion devices all generating signals of data to be analyzed and measured, many of which in real- or near-realtime? That’s got big data written all over it.And the ceiling is nowhere near being approached. Right now, the Morgan Stanley note estimates that there are potentially 200 devices for each person in the world that could be connected to Internet of Things. Economics and consolidation will most likely keep us from ever seeing that many devices connected to the Internet of Things, but the room for growth is still massive in these early days.Image courtesy of Shutterstock. How Intelligent Data Addresses the Chasm in Cloud Top Reasons to Go With Managed WordPress Hostingcenter_img Serverless Backups: Viable Data Protection for … Cloud Hosting for WordPress: Why Everyone is Mo… Related Posts last_img read more

2nd Test: Buttler, Curran come to England’s rescue against Sri Lanka on Day 1

first_imgSam Curran exhibited his six-hitting prowess and Jos Buttler made an enterprising 63 to help England overcome a top-order collapse and post 285 in the first innings on the opening day of the second Test against Sri Lanka on Wednesday.England were reeling at 89 for 4 when Buttler somewhat steadied the innings before Curran clobbered six sixes in his blistering 64 to help them to a competitive score.Sri Lanka lost Kaushal Silva in their wobbly reply to be 26 for 1 at stumps, trailing by 259 runs.Dimuth Karunaratne was batting on 19 with Malinda Pushpakumara on one at the other end.Sri Lanka vs England 2nd Test Day 1 at Kandy: HighlightsEarlier, England captain Joe Root won the toss and unsurprisingly elected to bat as the tourists, 1-0 up in the three-match series, sought to build on their victory in Galle last week.Stand-in skipper Suranga Lakmal dismissed Keaton Jennings in the fifth over before the home side’s spinners set about disrupting the rest of the top order.England named an unchanged side but shuffled their batting lineup and Ben Stokes (19) was unable to justify his promotion to number three, the all-rounder surviving a review before succumbing to a second to be trapped lbw by Dilruwan Perera (4-61).England retain Ben Foakes as wicketkeeper for 2nd Test vs Sri LankaRoot’s struggle against left-arm spin, meanwhile, compounded England’s crisis after the captain, dismissed twice by Rangana Herath in his farewell Test in Galle, fell for 14 to Pushpakumara (3-89).Rory Burns made 43 before being caught in the slips as England lost four wickets before the lunch break.advertisementAlso Read – England cricket trolls critics who say country can’t produce quality spinnersButtler then counter-attacked, hitting Akila Dananjaya, who has been reported for a suspect bowling action but is free to play, for three successive boundaries en route to a run-a-ball 50.Buttler moved quickly to 63 before a fluffed reverse sweep against Pushpakumara led to his dismissal.Ben Foakes was unable to match his Galle heroics and was caught behind for 19, bizarrely failing to review the decision as replays showed he had not touched the ball with bat or glove.Curran then lit up the final session with his binge-hitting, bringing up his third Test fifty with his fifth six.The left-hander dominated his 60-run partnership for the final wicket — the only 50-plus stand in the England innings — with James Anderson before being the last man out.Sri Lanka made two changes with Herath retiring and regular skipper Dinesh Chandimal ruled out with a groin injury.Pushpakumara and Roshen Silva were brought in as the hosts battle to stay alive in the three-Test series.(With Reuters inputs)Also Watch –last_img read more