Sony started out as an investment banker in India. After working with development charities, he then set up a think tank to encourage financial rigour in the NGO community. He now serves as an informal go-between for the ECB, EC and IMF, and the French and German finance ministries. Sony talks about the political dynamics, banking and financial reforms in the Euro area, as well as what we might learn from developing economies.
Sony Kapoor is an economist whose experience stretches from central banking and high-finance to charities and policy makers. His focus and that of his think-tank Re-Define is to find a solution to the global economic crisis and define the reforms needed to avoid a recurrence.
Having trained as a chemical engineer, Sony moved into business and started his career in commercial banking at the International Credit and Investment Corporation, one of India’s top banks before working in leveraged finance at Lehman Brothers in London and Aquila Energy. He then left the financial sector to work on reforming the financial system and improving public policy-making.
Sony has since been a strategy adviser to the ministry of foreign affairs in Norway, and to Oxfam, and has headed Development Economics at Christian Aid. He has been a member of the board of various international NGOs including Eurodad (European Debt & Development), the international Tax Justice Network and Stamp out Poverty. He has been a consultant on international finance and development at the World Bank, the United Nations and several governments in the developed and developing worlds, He has also helped set up the inter-governmental task force on illicit financial movements.
Although an expert on a wide range of global economic and developing world issues, Sony is particularly informed about the euro and Europe. He is Chairman of the Banking Stakeholder Group of the European Banking Authority, has served as a Visiting Fellow at the European
Commission dealing with economic governance, financial reform and the euro crisis, and was a member of the panel advising the European Parliament’s special committee on the crisis.
Sony continues to advise parliaments, government bodies and social organisations around the world and is frequently featured in international media including the FT, Le Monde, Bloomberg, BBC, Sky and Handelsblatt.
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