| Welcome to the Official Website of HARDIK (HD) SHAH |

:::CAREER | RECOGNITIONS | ACKNOWLEDGMENTS:::
(Click the header to Expand / Close the item)

Career Summary

An MBA with proven strengths in the dimensions of Finance, Marketing, Project Management and Business Administration; along with proven history of excellence in..
● Providing robust modeling and reporting to facilitate executive-level decision-making.
● Supporting business through precise analysis of business drivers and trends.
● Managing projects to flawlessly assist in business transformations and mergers & acquisitions.
● Building global delivery models for efficiency maximizing and expense minimizing solutions.
● Formulating End-2-End marketing campaign and concept of selling points to ensure growth.
● Adapting rapidly to new technologies and adding them to current set of expertise with systems.

Strengths

Professional Strengths
● Management Reporting
● Business Planning & Analysis
● Capacity Planning
● Project Management
● Product Management
● Brand Management
Leadership Strengths
● Business Partnering
● Process Transformation
● Influential Negotiations
● Alternative Business Scenarios
● Personnel Management
● Diversity & Inclusion Administration
Technical Strengths
● MS Excel & Access
● MS Visio & Project
● Hyperion Essbase
● SAS
● SQL
● Content Management Systems

I am in Print of Financial Times : BRICS - Changing Faces of Global Power

BRICS: The changing faces of global power
By Alan Beattie
Published: January 17 2010 19:05 | Last updated: January 17 2010 19:05
http://www.ft.com/cms/s/0/95cea8b6-0399-11df-a601-00144feabdc0.html?nclick_check=1

Put a jaguar, a bear, a tiger and a panda together and you might get a good show but you won’t get a quiet life.

The Bric grouping – Brazil, Russia, India and China – has become a shorthand for the rise of emerging markets in the global economy. And after a rather stellar decade, the Brics mainly had a good crisis from which they are now rapidly exiting.

Goldman Sachs, the financial group that invented the category, reckons that China may well become the world’s largest economy before 2030. Collectively, the Bric economies could well surpass output in the Group of Seven wealthy nations – which have dominated the management of the global economy – by 2032.

The Brics already have a bigger share of world trade than the US. China, probably the world’s biggest goods exporter last year, has been supplemented by India’s software and back-office exports, Russia’s oil and gas and the domination of a number of agricultural commodity markets by Brazil’s super-competitive farmers.

While equities in G7 countries were struggling to stay in positive territory during the past five or so years, the Bric share prices, albeit with a steep drop and rapid recovery during the global financial crisis, finished the decade more than twice as high as in 2005. Bric equity indices have emerged; Bric funds have sprung up for investors to pile into the sector.

So as the world emerges from recession, is this a transformational moment when the centre of gravity in the global economy and its governance decisively shifts? Is this a pivot point such as the second world war, where the confident, innovative US muscled aside the weakened, debt-laden economies of Europe and remade the global financial architecture? And, most immediately, are Bric consumers up to the task of rebalancing the world economy by supplanting their acquisitive American counterparts?

The most likely answer is: not yet. Not only are the Brics such a disparate group that almost any generalisation is problematic, but China, the dominant member of the quartet, still seems wedded to an economic model dependent on demand elsewhere.

“The so-called emerging economies, even some like Bangladesh, are undoubtedly players on the global stage,” said Jean-Pierre Lehmann, professor of political economy at the IMD management school in Lausanne, Switzerland. “But I don’t see any great cataclysm in the next 10 years, nor the centre of finance definitively moving east.”

Like a boy band or a street gang, the Brics might almost have been chosen for their disparate abilities rather than their similarities. China’s size and openness to trade give it as much economic clout as the rest put together: Markus Jäger, of Deutsche Bank, calls the hypercompetitive manufacturing exporter “the 800lb panda in the room”. India, similar in population but poorer and economically more insular, is chiefly notable to investors and trading partners for its software and business services. Brazil, despite a sprinkling of manufacturers, remains one of the world’s most efficient agro-exporters; Russia, after feebler attempts to diversify, essentially just sells oil and gas.

The story of their rapid progress is familiar but still dramatic. A decade ago, only one had an investment-grade credit rating; now all do. Only 12 years ago, a Russian debt default and Brazilian currency crisis rocked the world economy; today, they have accumulated vast foreign exchange reserves.

The Brics contributed about half of global growth between 2000 and 2008 – sharply higher than in the previous decade. Yet along with this growth has come an unbalancing of the global economy.
A Chinese growth model based on heavy investment and exports has accompanied vast current-account surpluses across east Asia, matched by a current-account deficit in the US. And despite doing its bit to keep economic growth going during the crisis, it is far from clear that the Middle Kingdom has effected a shift towards consumer demand that a true engine of world growth would achieve.
With a great flourish, Beijing announced a $585bn stimulus package in November 2008 and loosened bank credit. But its ability to create self-sustaining growth was suspect. Rather than handing out cash to consumers to get them spending – a move that might also have encouraged imports – a large chunk of the stimulus went into the old favourite, fixed investment. “If global demand does not recover in time or the stimulus measures fail to stir the animal spirits, China may end up creating overcapacity,” said Mr Jäger.

Razeen Sally, a trade expert at the London School of Economics, said: “The Chinese interventions had the effect of reinforcing existing problems and imbalances. We are going to see a lot of excess capacity in export-oriented industries like steel at exactly the wrong time.”

The repegging of the renminbi against the dollar in 2008, after three years when it was allowed to crawl higher, has also done nothing to shift the Chinese economy from exports to consumer demand. The effect of that decision is multiplied by the copycat actions of many emerging-market countries holding their own currencies down lest they lose competitiveness to China.

Indeed, although the worldwide reduction in consumer demand has cut the absolute level of China’s current-account surplus during the crisis, with fewer ships carrying toys and iPods out of Shenzhen and Shanghai, China continued to gain market share abroad. The International Monetary Fund and others reckon that the apparent rebalancing of the global economy over the past year is temporary. When demand picks up, so will Chinese exports, along with the old surpluses and deficits.

Despite pockets of profligacy, if anything, China’s has become less rather than more of a consumer economy in the past decade. Its overall savings rate grew over the decade. Although much of this rise reflected corporate savings, household savings rose, too, and a greater share of national income went to companies rather than consumers in the first place.

A survey last year by the McKinsey Global Institute backed up what many economists have long argued: that the lack of a social safety net is one of the main reasons that Chinese households save. The top three reasons given were: educational needs, security in case of illness and caring for parents. Changing deep-seated structural factors such as this will not be quick. Nor will it be achieved simply by letting the renminbi rise.

As for the other Brics, whose trend growth rate is slower than China’s, they are unlikely to have a noticeable effect on global demand for some time. Although growth in Brazil and India held up well during the crisis, the former is a relatively mature economy with less scope for rapid growth; the latter an underperformer with a chronic public finance problem and a household savings rate even higher than China’s. Meanwhile, Russia, whose economy contracted sharply during the global recession, still depends on oil prices.

A decade of rapid growth is not enough for the Brics to seize the baton of global economic leadership from the US and western Europe. The grouping, or some of them, may have astonished the world with their progress over the past 10 years. But it will require a qualitative improvement as well as more growth to consolidate that shift of power.

Contribution:
Hardik (HD) Shah
email@hardikshah.com
www.HardikShah.com

From Ruby Dhalla, Member of Parliament - Canada Government

From Cindy Peebles, SVP / Finance, Bank of America at Bank of America

“HD provided robust modeling, reporting and analysis critical to executive-level decision-making in Bank of America's operational transformation. He was extremely effective in distilling extensive amounts of data to identify business drivers and trends. His direct contributions helped maximize the Bank's efficiency and reduce our operating costs. He is a proactive business advisor with superior statistical analysis skills easily translatable to numerous companies and industries.” June 4, 2010

Cindy Peebles, SVP / Finance, Bank of America at Bank of America

From Michael Szarowicz, Chairperson of CFO Inclusion Council at Bank of America

On behalf of the CFO Inclusion Council, I would like to recognize HD for his tremendous effort and leadership over the past two quarters. HD is our "go-to" council member for any critical effort we undertake. He has made significant contributions to the Communications committee and has volunteered to lead several other events. For instance, HD led our annual enrollment process and was an active fund-raiser and participant in the "Charlotte Walks Together" event. HD is a true diversity and inclusion champion within the CFO group. Thank you for everything you do HD. We have deposited 2,500 spirit points in your account.

From Bryan Moynihan, CEO of Bank of America

The Diversity Communications Team thanks you for contributing your time and energy to the development of the Global Diversity and Inclusion Video.This video will be used to attract and retain key diverse talent by showcasing the bank's commitment to our communities, customers, lines of business and supplier diversity. It also will be shown during executive presentations at leading organizations and award recognition events. Thank you for your participation in this important endeavor!

From Bryan Moynihan, CEO of Bank of America

I would like to express my gratitude by recognizing your leadership, dedication and hard work for the Associate Booths at the Team Bank of America Diversity Network Cultural Fair held at Founders Hall on August 20, 2008. This team did an excellent job in providing information, food and displaying a creative view of their country for the enjoyment of attendees. The team members played an integral role in the success of the event. Hundreds of associates and members of the community enjoyed and benefited from the diversity of over 33 associate booths, affinity booths, vendor booths and entertainment. This event would not have been a success without the help of all the dedicated team members. This team's dedication, preparation and unwavering commitment was critical to the event's success and is highly commended! I look forward to the opportunity of working again with each team member. Kudos to the team for ensuring that the Seventh Annual Team Bank of America Diversity Cultural Fair was another success and for being a shining example of what it means to live the Bank of America Spirit and how events such as this one shows the diversity of the Bank's associates and is a strong indicator that this is the Bank of Opportunity!!

From Rush Shah, Communications Chair at NetIP North Carolina

All reservations aside, all critiques suspended, you have done a superb job. I bore witness to your effort this past weekend, I heard the distinct, mild but ever-strong, echo of consensus: the party was a tremendous success. It set the necessary foundation of what can be achieved with sincerity, commitment and ambition--qualities that were repeatedly espoused by your actions. So many people told me how warmly you welcomed them, how many times you accosted them. The crowd complimented on your amiability and camaraderie when they spoke about the pleasures of the party and your warm and concerned demeanor. Formal goodbyes ignored and avoided, I am sure that in your person, in your cooperation, and above all in your example, we will continue to have the indispensable guidance to build upon the success Sanjib and you have achieved in establishing and expanding this organization. I think I represent everyone when I say that your continued presence--in the form of advice and participation--is vital to our success as an organization.

I call for the repudiation of this "formal goodbye" by this new dad--and for the socialism of martinis.

With great fondness.
Thank you
Rushir

From Summer Bailey, Analyst, Bank of America

“During his time as President of NetIP Charlotte, HD's dedication to and strategic vision for the chapter were amazing. Under his leadership, the chapter saw significant expansion and improvement. His energy and enthusiasm were truly inspirational. Although I did not work directly with HD at Bank of America, he had an excellent reputation both at work and as a contributor to the bank's diversity council.” January 12, 2010

Summer Bailey, Analyst, Bank of America reported to HD at Network of Indian Professionals - North Carolina chapter

From Luis Cadilla, VP, Senior Analyst, Bank of America

“HD is a very dedicated and talented leader with a robust knowledge of finance and business analysis applied to the banking industry.” Janua

Luis Cadilla, VP, Senior Analyst, Bank of America worked directly with HD at Bank of America

From Pradeep Arkachar, AVP, Quantitative Operations Associate., Bank of America

“During his tenure as the president of NetIP, HD worked hard to expand NetIP Charlotte chapter and organize networking and social events. His outgoing personality and event management skills made him a natural for the position he held. His role in NetIP was complemented by his role as a Corporate Diversity and Inclusion team member, in Bank of America, where he established deep professional relationship with various diversity teams. He diversity spirit and leadership makes him an excellent team member to work with.” January 16, 2010

Pradeep Arkachar, AVP, Quantitative Operations Associate., Bank of America worked indirectly for HD at Network of Indian Professionals - North Carolina chapter

From Sam Bali, Lead Consultant, Accenture

“I have known Hardik (HD) Shah for over 3 years; he is an exceptionally dynamic and talented individual. As President of Charlotte Chapter of NETIP (Network of Indian Professionals) he made numerous contributions. They were as follows: - Led the historical conversion of a city chapter in to the state chapter. - Led the one of the most emerging success rate – membership jump of 400%. - Established deep professional relations with various Corporate Diversity & Inclusion teams. As a recommendation from peer to peer, HD is highly recommended in any facet of professional life.” January 17, 2010

Sam Bali, Lead Consultant, Accenture
worked with HD at Network of Indian Professionals - North Carolina chapter

From Shubha Rao, Senior Associate, Deloitte Financial Advisory Services, LLP

“Hardik demonstrated great dedication to the Network of Indian Professionals organization as the President of the Charlotte chapter. Under Hardik's leadership, the chapter increased its membership, and had quality events for its members. Hardik is always looking for opportunities to take on additional challenges, and delivers on his promise to give a 100% everything he does.” January 13, 2010

Shubha Rao, Senior Associate, Deloitte Financial Advisory Services, LLP was with another company when working with HD at Network of Indian Professionals - North Carolina chapter

From CFO Mentoring Program on awarding HD as a Mentor of the Month

From Sharon Roberts, Senior Tax Manager, Bank of America

I'd like to recognize this team for the awesome job they did on the Q4 Mentoring Kick off event. From planning to executing, from photography to greeting, from scribing to questioning, this team hit it out of the park. The handouts for the participants and the power point presentation only added to the success of the day. This was a great event and was made possible by the best team of volunteers imaginable. Thank you for all of your passion, dedication and hardwork!

From Lynne Fairbanks, Business Manager at Bank of America

HD is recognized for his participation in the Chinese New Year Event held at the Bank of America Corporate Center on February 7, 2008. He was helpful in engaging the visitors to the booth setup by the council and propagated the information about the council's goals and programs. It takes a special drive to step up and take time from our daily schedules to participate and propagate the message of diversity. Thank you for volunteering efforts and your leadership.

From Kaye Yearta, Tax Manager, Bank of America

“I worked with HD on the CFO Diversity and Inclusion Council and was very impressed with his communication and presentation skills.” April 2, 2009

Kaye Yearta, Tax Manager, Bank of America worked with HD at CFO Diversity & Inclusion Council

From Vishnu Jaju, Treasurer at NetIP North Carolina

I think the organization has certainly come very far with your continued efforts and encouragement. I can only say that based on what I heard and what I see now. I am sure the team would definitely miss having you around and the great enthusiasm you have for NetIP. Your energy was certainly an inspiration.

I wish you all the best for your future endeavors in whichever organization you choose to lead.

From Sherine El-Dars, Student, New York Institute of Technology-Old Westbury

“HD is defenitely a role model and a excellent example for sucess” April 3, 2009

Sherine El-Dars, Student, New York Institute of Technology-Old Westbury studied with HD at Loyola University of Chicago - Graduate School of Business

From Darren Best, Senior Financial Analyst at Bank of America

Having patience with me as I learn the business and processes. I have learned a lot from there side of the business and what they need out of me and it has helped me in my day to day (Month to Month) activities. I have been a pest at time regarding templates and dates, so I appreciate there patience with me, even if they want to strangle me at times.

From Amit Arya, Senior Financial Analyst at Bank of America

HD - You have once again demonstrated your commitment and support to the cause of diversity and inclusion and have set an example to others within our organization. This note is to thank you for your participation and invaluable support during the 7th Annual 2008 Cultural Fair hosted Diversity network in the bank. The fair was a huge success, largely due to associates such as yourselves who embody the spirit of selfless giving. Your support and participation is highly appreciated.

From Amit Arya, Senior Financial Analyst at Bank of America

HD is recognized for his participation in the Chinese New Year celebration where the council had hosted a booth. He took time from their busy schedules to take part in the event and facilitated in propagating information about the council to as many as 50 visitors to the booth. It takes unvarying dedication and a giving spirit to step out of our daily chores and take on tasks of this nature. I am grateful for your time and the leadership exhibited by you. PS: My first spirit card that I had sent to the team last week did not go through for some reason. So this is my second attempt and I hope it goes through.

From Xilin Zhang, Vice President of Six Sigma at Bank of America

HD, I'd like to thank you all for your great efforts in making the Affinity Group year end charity event happen! The great team work helped drive many toys for Mi Casa Su Casa to bring holiday hopes to the Charlotte Latino community. And everyone had a good time during the event. Thank you again !

From David Scavonne, Financial Analyst at Bank of America

I wanted to take this opportunity to thank HD for his understanding after I missed our mentorship meeting last week due to illness. I would also like to express my gratitude for simply taking time out of his busy schedule to be a part of the finance mentoring program. I am looking forward to gaining HD's insights regarding various aspects of my career development.