New Delhi, 9th December’23 – Lighthouse Canton, the global investment institution, today announced that Nilesh Jasani will join its advisory board as the company seeks to widen its access to opportunities created by the rapid advance of Generative Artificial Intelligence (Gen AI).
Singapore-based Jasani, the subject matter expert on GenAI (generative artificial intelligence), is a passionate advocate of innovation, a theme running through his impressive three decades of experience in the markets business. Recognized as a highly successful and creative equity research team leader since 1999 and a market strategist in individual markets like Korea, Taiwan, India at various times apart from for the whole region, Nilesh’s career spans Jefferies, Credit Suisse, HSBC, CLSA across Hong Kong, Taiwan, Korea, Singapore, and India. Jasani led the Asian business for Jefferies before stepping down as Vice Chairman and is now the founder of GenInnov Funds, focused on investment opportunities in innovative companies leveraging GenAI across multiple sectors including healthcare and robotics.
“Our guiding light has always been to combine well-researched data with insights from our brilliant team to help our clients make informed investment decisions that will deliver long-term growth,” said Shilpi Chowdhary, Lighthouse Canton’s Chief Executive Officer. “Not only is Nilesh Jasani an original thinker and influencer on the development of GenAI, he’s also a skilled financial strategist and leader. This unique combination makes him a great mentor and a real support to our advisory board.”
“I’ve long admired Lighthouse Canton’s innovation, enterprise and commitment to sustainable business, so I’m thrilled to be joining the team,” said Nilesh Jasani. “GenAI is no futuristic fantasy, it’s the frontier of current research and is already reshaping the way we live and work. I will do all I can to help Lighthouse Capital keep its clients at the forefront of this exciting and revolutionary technology.”
From its three regional hubs in Singapore, Dubai, and India, Lighthouse Canton employs investment strategies that aim to unlock opportunities that deliver enhanced returns with capital preservation for investors, ranging from pension funds and insurance companies to single-family offices.
GenAI refers to deep learning models that can understand and learn patterns based on the data they were trained on to generate high-quality text, images, and other content. According to Allied Market Research, the market for GenAI solutions was worth US$10.5bn last year and this will soar to $191.8bn by 2032.