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Interview with Ankur Kamalia: How Deutsche Börse fosters innovation with corporate venture capital

05 Aug 2016

Interview with Ankur Kamalia: How Deutsche Börse fosters innovation with corporate venture capitalInterview with DB1 Ventures’ Ankur Kamalia

Ankur Kamalia is responsible for the Group Venture Portfolio Management of Deutsche Börse

DB1 Ventures, the newly instituted Corporate Venture Capital arm of Deutsche Börse Group is aiming at being the strategic partner of choice for early- to growth-stage companies, which are core or adjacent to Deutsche Börse Group’s strategy, generate attractive investment returns and add strategic value to its growth plans.

The recent jointly published study by DB1 Ventures and Celent, “The future of fintech in capital markets,” which highlights the power of future collaboration between leading financial infrastructure players and Fintech firms, gave us a good opportunity to talk to the Managing Director of DB1 Ventures and Group Venture Portfolio Management, Ankur Kamalia.

Deutsche Börse: Mr Kamalia, you recently joined Deutsche Börse Group. What is your task?

Ankur Kamalia: Group Venture Portfolio Management’s task is twofold: firstly, to help streamline and rationalise the existing portfolio of investments held by Deutsche Börse Group; and secondly, to source, execute and manage new opportunities for Deutsche Börse Group in the venture ecosystem. Our focus is set on areas of strategic interest to the Group to help the firm drive innovation, to help our clients better. DB1 Ventures’ vision is to be a strategic partner of choice for early- to growth-stage companies, which are core or adjacent to Deutsche Börse Group’s strategy, generate attractive investment returns and strategic value to its growth plans.

Deutsche Börse: DB1 Ventures is only one part of Deutsche Börse’s innovation & ventures ecosystem. Why is it so important for Deutsche Börse to gain leadership in financial technologies instead of concentrating on its core business?

Ankur Kamalia: Deutsche Börse already is an integrated part of the fintech development and industry in different roles and services. It is already a large fintech organisation, evidenced by the very high levels of electronic revenue generation. Therefore, our strategic objectives and market positioning make it imperative for us to help growth and innovation in the financial markets. Hence we are looking to partner with innovative firms in financial technology and in the market infrastructure space that are relevant to our clients and the markets as a whole.

Deutsche Börse: What were the reasons to launch this study and why did you partner with Celent?

Ankur Kamalia: Fintech has proved itself as one of the key drivers of transformation of the banking industry; through pioneering business models, proximity to the end customer, and innovative technology. Now, fintech firms, in conjunction with incumbent infrastructure players, are imagining a new capital market modelled on a collaborative approach to capital provision, technology, regulation, work-flow process and connectivity. This study highlights the power of future collaboration between leading financial infrastructure players and fintech firms: Celent is a leading financial research and advisory firm. Its thought-provoking content on the intersection of technology and banking/insurance/securities & investments has been guiding its diverse, global clients through the maze of financial technology disruptions for the past 15 years.

Deutsche Börse: Could you summarise the major learnings from this study?

Ankur Kamalia: Fintech disruption will continue across the financial market value chain and the force of regulation, market structure change, and repositioning of capital market participants will continue for the next decade. Trends in digitisation will accelerate the progress to find the correct means of collaborating with new business models and innovative technologies for established technology firms and market operators. The financial market infrastructure provider of tomorrow will have leveraged its leadership in regulation, market infrastructure, trading, clearing, and settlement to guide start-up fintech firms in the journey towards creating an effective and safe capital market for the 21st century and beyond.

Ankur Kamalia – Managing Director, DB1 Ventures

Ankur Kamalia joined Deutsche Börse Group in November 2015 to take up the newly created role as Head of Venture Portfolio Management. Prior to joining the Group, Ankur managed an investment portfolio for a family office and for a hedge fund in Asia.

He also acted as a Managing Director at UBS, responsible for strategy for the Global Investment Banking division in London and worked in Corporate Finance/Capital Markets in New York, Hong Kong and Singapore. Ankur holds an MBA from the Kenan-Flagler Business School at the University of North Carolina Chapel Hill.

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