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Cyrus Daruwala
Cyrus Daruwala

Managing Director


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  Cyrus Daruwala is the Managing Director for IDC Financial Insights, Asia/Pacific. He is responsible for growing the IDC Financial Insights footprint in Asia, their Research coverage as well as new the Advisory and Consulting business in the region. Cyrus brings with him more than 16 years of financial services experience and has a very close working relationship with most of the banks and financial institutions as well as vendors and service providers in the AP region.

Industry Expertise

For the past 16 years in the AP region, Cyrus has been working with financial institutions to help them assess their operational and technical challenges, select the right vendors / partners, better understand their IT TCO and grow their customer base. His understanding of a range business, market, regulatory and investment related issues enable him to work closely with financial institutions, consultants, vendors and government agencies on various multi-disciplinary initiatives.

Background

Before joining IDC Financial Insights, Cyrus was Director - Global Clients Services with a Singapore based research and publication firm. He was instrumental in growing their proprietary as well as subscription based research business along with their events and editorial businesses. He also worked with Wells Fargo for nearly 4 years in their FX & Bullion Trading division and before that he was a Private Banker with Midland Bank (now HSBC). Cyrus has lived and worked in Hong Kong, Japan, Malaysia and Australia for nearly 12 years before he moved to Singapore in 2000.

Education and Industry Affiliations

Cyrus has a Masters Degree in Business Finance, Economics and Business Law and is a Commerce Graduate with Accounts, Political Sciences, and Business Planning as specialist subjects. In addition, he has advanced his studies through a 2-year comprehensive on-the-job training program in leveraged foreign exchange and bullion trading with further coursework at the International Monetary Market on fund displacement, investment strategies and trust planning.


Research Authored by Cyrus Daruwala


locked Cloud as a Business Strategy: Yuanta Securities Proves That's the Right First Step
Peipei WuCyrus Daruwala
Jun 2012 - Doc # AP9890101U    Business Strategy
Almost all FSIs are/have/will evaluate their core infrastructure and contemplate standardization or modernization. IDC believes that it is an apt time for CIOs to seriously look at the cloud opportunity that may change the whole functions a...
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locked Top 10 Strategic IT Initiatives for Asia/Pacific Banks in 2009: What Is Your Countercyclical Strategy?
Michael AranetaLi-May Chew,  Shawn Yip,  Abhishek Kumar,  Angeline Lee,  Cyrus Daruwala
Jan 2009 - Doc # FIN216011    Market Overview
This Financial Insights report discusses the top strategic IT initiatives for Asia/Pacific banks in 2009 and explains why these are crucial to banking organizations looking to protect and build their business amid the ongoing fina...
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locked Australian Banking Roundtable: Cost Control Through Enterprise-Wide Solutions
Cyrus Daruwala,  Abhishek Kumar
Dec 2008 - Doc # FIN215551    Market Overview
This Financial Insights report elaborates on the key points discussed at the Financial Insights Australia Banking Roundtable. This report examines the banks' current and upcoming technology initiatives that will enable them to com...
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locked Asian Banks Still Prepared to Invest in Technology Despite Crisis
Michael Araneta,  Shawn Yip,  Cyrus DaruwalaLi-May Chew,  Abhishek Kumar,  Angeline Lee
Oct 2008 - Doc # FIN214652    NewsFlash
This Financial Insights NewsFlash discusses Asia/Pacific banks still projecting growth in IT investments despite the ongoing turmoil in the financial services industry. In a survey conducted by Financial Insights covering about 70...
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