Released on: August 6, 2008, 7:21 am

Press Release Author: World Economic Forum

Industry: Financial

Press Release Summary: The World Economic Forum announced that Sandeep Parekh has
been selected as a Young Global Leader 2008. This honour is bestowed each year by
the World Economic Forum to recognize and acknowledge the top 200-300 young leaders
from around the world for their professional accomplishments, commitment to society
and potential to contribute to shaping the future of the world.

Press Release Body: SANDEEP PAREKH joins 245 leading executives, public figures and
intellectuals - all age 40 or younger - chosen from around the world
Geneva, Switzerland - The World Economic Forum announced that Sandeep Parekh has
been selected as a Young Global Leader 2008. This honour is bestowed each year by
the World Economic Forum to recognize and acknowledge the top 200-300 young leaders
from around the world for their professional accomplishments, commitment to society
and potential to contribute to shaping the future of the world. The Young Global
Leaders for 2008 include 121 business leaders, as well as leaders from government,
academia, media and society at large from 65 countries. The new class represents all
regions, including East Asia (64), Europe (58), Middle East and North Africa (12),
North America (45), South Asia (24), sub-Saharan Africa (21) and Latin America (21).

\"The World Economic Forum is a true multi-stakeholder community of global
decision-makers. We need the Young Global Leaders to be a voice for the future in
the global thought process and as a catalyst for initiatives in the global public
interest.\" said Klaus Schwab, Founder and Executive Chairman of the World Economic
Forum.
Drawn from a pool of almost 5,000 candidates, the Young Global Leaders 2008 were
chosen by a selection committee of 31 eminent international media leaders, including
Thomas H. Glocer, Chief Executive Officer, Reuters, United Kingdom; Arthur
Sulzberger, Chairman and Publisher, The New York Times, USA; Robert Thomson,
Publisher, Dow Jones & Company and The Wall Street Journal, USA; and Hisashi Hieda,
Chairman and Chief Executive Officer, Fuji Television Network, Japan. The selection
committee is chaired by H.M. Queen Rania AI Abdullah of the Hashemite Kingdom of
Jordan.
The current community of Young Global Leaders represents over 60 countries and
includes Larry Page and Sergey Brin, Co-Founders of Google, USA; Crown Prince Haakon
of Norway; Hiroshi Nakada, Mayor of Yokohama, Japan; Anders Borg, Minister of
Finance, Sweden; and Leonardo DiCaprio, Actor, USA.
\"It is our belief that this community of committed individuals can actually change
the status quo. They are not only a preview of what effective, collaborative
leadership in the 21 st century might look like, they are actually putting it into
practice today,\" said David Aikman, Senior Director and Head of the Forum of Young
Global Leaders. \"It is our privilege to work with such inspirational leaders and to
bring them together in a global network that builds their insights and skills even
further, providing them with a global platform to tackle the key challenges of our
generation.\"

Established in 2004 by Professor Klaus Schwab, The Forum of Young Global Leaders is
a unique, multistakeholder community of the world\'s most extraordinary young
leaders, who dedicate a part of their time to jointly address global challenges and
who are committed to devote some of their knowledge and energy to collectively work
towards a better future. As part of their engagement, the Young Global Leaders give
their time to task forces to initiate, develop and drive innovative solutions on
important, globally-oriented issues, including health, education, the environment,
global governance and security, and development and poverty.

Mr. Sandeep Parekh is presently a faculty member of the Indian Institute of
Management, Ahmedabad and was an Executive Director at the Securities and Exchange
Board of India (SEBI), India's securities regulator, where he headed the enforcement
and legal affairs departments. He has previously worked in the fields of securities
regulations, investment regulations, private equity, corporate governance and
financial regulations in private practice. Mr. Parekh has obtained an LL.M.
(Securities and Financial Regulations) degree from Georgetown University and an
LL.B. degree from Delhi University. He is admitted to practice law in New York and
is a member of Mensa. He has been quoted in leading international media including
the Economist as an expert in financial regulation.

For more information and a detailed list of all Young Global Leaders, please visit
www.younggloballeaders.org


Web Site: http://www.younggloballeaders.org

Contact Details: Contact: Yann Zopf Senior Media Manager Tel.: +41 (0)228691480 Fax:
+41 (0)22 869 1394
E-mail: yann.zopf@weforum.org www.younggloballeaders.org