“Discover what you love doing, make sure it makes a difference to others and has soul, while achieving financial security for your family.” Arun Abey
ipac securities co-founder and current Chairman, Arun Abey, was honoured to be inducted in the Australian National University’s (ANU) College of Business and Economics Alumni Hall of Fame, at a dinner held in Parliament House on 20 February, 2013. The criteria for induction into the Hall of Fame are: “Exemplary professional achievement and distinguished contribution to community”.
The award acknowledges Arun’s altruistic approach to finance which has helped make ipac – which is about to celebrate its 30th year – one of Australia’s most innovative and client focused financial advisory firms.
Arun first used his ANU education as a researcher at the university working on Asian economic development and then as an entrepreneur who co-founded ipac.
“I use my education from the ANU every day, and it is an honour to be recognised for your career,” says Arun. “But critical to my success has been the success of ipac overall and this has been very much due to the whole ipac community. My award is just one of many won by various ipacians and by the company overall. It gives credence to our claim that ipac is the place where great research intersects with great advice”.
This follows on from the recognition of other co-founders of ipac: Paul Clitheroe, the inaugural Chairman of the Australian Government’s Financial Literacy Board, was recently also appointed to Macquarie University’s Professorial Chair in Financial Literacy. He was also made a Member of the Order of Australia (AM) in the Queen’s Birthday Honours for service to the financial sector through the promotion of financial literacy, and to the community.
Peeyush Gupta, ipac’s inaugural managing director, was the first recipient of the Australian Graduate School of Management’s prestigious distinguished alumni award. He now serves on a variety of non-profit boards, including being Executive-in-residence, Australian School of Business, UNSW and SIRCA.
Arun remains actively involved in a variety of philanthropic activities, is a director of The Smith Family and somehow finds the time to write best selling books, which explore his views and passion for ideas that help people enjoy happier, more meaningful and financially secure lives. According to Arun, all these ingredients need to be in place for people to be more satisfied and content with their life. This has formed the basis of ipac’s unique approach to financial advice.
When launching the American edition of How Much is Enough?, co-authored by Arun and Andrew Ford, Professor Shlomo Benartzi of University of California, Los Angeles said “This is a rare book, bringing together research in behavioural finance and psychology to improve both your life balance and bank balance.”
“As an ANU alumnus and the Chairman of ipac, this award has been accredited to me, but the reality is that it is ipac as a whole that deserves the reward” explained Arun. “I want everyone to share in this award and feel as good about it as I do.”