Public Sector Finance (2days)
Public sector institutions are some of the biggest participants in financial markets, both in the developed world and also within the emerging economies of the future.
Key economic and societal risk factors, especially after the bailout of the banking sectors of most major economies, are held within the public sector. Working practices, accounting regimes, and transparency are very different from the private sector.
Public sector finance in developed and emerging economies is explored in a broad and practical manner, considering “hidden” liabilities such as public pension schemes, social security systems, public-private partnerships and explicit and implicit state guarantees.
The course draws upon the lecturer’s experience as an elected official combined with his work in traditional private sector finance solutions for emerging market governments.
Who should attend?
- Anyone who intends to work in banking, asset management or related industries: directly, or indirectly, public sector institutions will be some of the largest clients.
- Anyone who intends to work in the public sector in any role, elected or appointed.
- Anyone who wishes to contribute to the political process as an informed taxpayer.
- Overview and Rationale for a Public Sector
- Public Sector Spending
- Public Sector Revenue and Taxation
- Public Sector Borrowing
Jonathon Read is an experienced financial service professional, who has run trading, structuring and product marketing businesses at major financial institutions in London and New York. He started his career at Goldman Sachs and has worked at other investment banks including Deutsche Bank and Merrill Lynch. His experience spans credit, rates, and foreign exchange, and includes both developed markets and the emerging markets of Latin America, the Caribbean, Eastern Europe, Africa and Asia.
Jonathon has a variety of business interests, including the provision of boutique consulting and advisory services to a variety of global clients. He has held elected local office as a councillor in the Royal Borough of Kensington and Chelsea, where he was Lead Member for Finance, Lead Member for Family & Children’s Services, chaired the Investment Committee that oversees the borough’s pension assets (approximately $1 Billion AUM), and chaired the Western Riverside Waste Authority, responsible for waste and recycling through much of West London.
Jonathon teaches on the MiF program at London Business School and has taught as a Fellow at Cambridge Judge Business School, teaching courses at the MBA, MFin and MPhil levels. In addition, Jonathon is an Adjunct Professor at Columbia Business School in New York, where he has taught on the MBA and EMBA courses and supervised several research projects.
Jonathon holds a Ph.D. from the University of Cambridge. He is a Chartered Financial Analyst® charterholder, holds the CERTIFIED FINANCIAL PLANNER™ certification, and is a Chartered Financial Planner, Associate of the Chartered Insurance Institute and a Fellow of the Personal Finance Society.