Al Basma British School welcomes Sharon Davis as Principal, bringing extensive UK and UAE leadership experience, contributing to the vibrant, inclusive community
Navigating the complexities of advising businesses across diverse sectors requires a unique blend of deep industry insight and strategic foresight. Vinod Joshi, Managing Partner at JHS UAE, highlights that the key lies in offering tailored solutions while maintaining a broad perspective. Each sector, from manufacturing to healthcare, has its distinct challenges and regulatory environments, necessitating a customised approach.
What would you say is the most critical factor in successfully advising and guiding businesses in such diverse industries?
The most critical factor is the ability to offer tailored, sector-specific solutions while maintaining a broad strategic vision. At JHS, we emphasise a deep understanding of the unique dynamics and challenges within each industry we serve. The manufacturing industry demands a keen awareness of operational efficiency, supply chain management, and regulatory compliance.
Healthcare, on the other hand, presents its own set of challenges, including navigating complex regulatory environments, ensuring patient care quality and managing costs effectively. The real estate sector requires a deep understanding of market dynamics, regulatory requirements, and sustainable development practices. In the family office space, the focus is often on wealth preservation and generational continuity. One common thread that binds all these sectors is their focus on ‘Sustainability’. Based on the scale and environmental and social impact of the businesses, we assist in providing not only wealth-maximisation strategy but also impact-minimisation and resource-optimisation solutions.
One key factor in successfully advising across these diverse sectors lies in our commitment to continuous learning and staying ahead of industry trends. At JHS, we pride ourselves on our ability to blend deep sectoral knowledge with a global perspective, enabling us to offer strategic advice that drives growth, mitigates risk and enhances operational efficiency across industries.
As a Chartered Accountant with qualifications from both India and the UK, how do you see the differences in accounting practices between these regions and the UAE?
I have had the privilege of navigating various accounting practices across different regions. The regulatory, accounting, organisational, operational and way-of-doing-business differences between India, the UK and the UAE offer a unique perspective on global financial advisory. In India and the UK, the emphasis on stringent regulatory frameworks and detailed reporting standards is markedly different from the UAE's dynamic and business-friendly environment. This diversity necessitates a tailored approach when advising clients on global financial matters.
Your role as a Managing Partner at JHS UAE involves leading the firm's practice and advising clients on financial and technical strategies. How do you balance these responsibilities?
As the Managing Partner at JHS UAE, my role involves steering the firm's practice towards providing clients with resilient and growth-inducing financial and technical strategies. Balancing these responsibilities requires a proactive approach to leadership, where staying ahead of industry trends is paramount. This involves continuous learning, adapting to technological advancements, and fostering a culture of innovation within the firm. By integrating these elements, we ensure that our solution offerings are not only current but also forward-thinking.
Given your involvement in numerous mergers and acquisitions, can you share some insights into the key challenges you face?
Mergers and acquisitions are complex transactions that require a keen understanding of both the business and the regulatory environments of the countries involved. One of the key challenges in these transactions, especially when dealing with international organisations, is managing the cultural and operational differences that can arise. Additionally, it requires meticulous planning and a deep understanding of local laws and practices. At JHS, our approach to overcoming these challenges involves thorough due diligence, robust risk assessment, and the development of comprehensive integration strategies.
What are the key benefits of the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE for the Indian economy?
The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE has significantly advanced trade relations between the two nations. Since its implementation on May 1, 2022, bilateral trade has surged from $72.9 billion (April 2021-March 2022) to $84.5 billion (April 2022-March 2023), marking a 16 per cent year-on-year increase. This agreement not only boosts Indian exports by providing preferential market access but also creates over a million new jobs.CEPA fosters collaboration in key sectors like energy, technology, and digital trade, strengthening India’s global position and driving sustainable growth.
The CEPA between India and the UAE marks a significant milestone in our nation's journey towards economic growth and global collaboration. This agreement provides Indian industries with preferential access to the UAE market, which will boost our exports and create over a million new jobs.
How do you tailor your approach to meet the unique needs of clients across different countries and sectors?
At JHS, our global presence and specialised consultancy verticals in ESG and financial advisory services allow us to offer a highly tailored approach to meet the unique needs of our clients globally.
In the realm of ESG (Environmental, Social, and Governance), for instance, we recognise that each country and sector faces distinct regulatory environments, societal expectations, and environmental challenges.
Our approach involves conducting thorough research and staying informed about the latest local and international ESG standards and trends. Similarly, in financial advisory services, we understand that different sectors and regions have varying financial landscapes and regulatory frameworks. Our team is adept at navigating these complexities by leveraging our extensive knowledge of local markets combined with our expertise in global financial practices. We engage deeply with our clients to understand their unique circumstances, industry dynamics, and long-term objectives.
Al Basma British School welcomes Sharon Davis as Principal, bringing extensive UK and UAE leadership experience, contributing to the vibrant, inclusive community
The school promotes a global outlook, cultural understanding and respect for traditions
A healthy start is key to a successful school year. Read as doctors from Aster Clinics and Aster Hospitals share expert tips!
Follow these tips to help your child develop nutritious eating habits that will promote their development and overall well-being
With a fresh school year on the horizon, it's time to ensure your little ones are ready to tackle the classroom with confidence and comfort
Network International — Leading the adoption of the Jaywan National Domestic Card Scheme, boosting financial inclusion and cost-efficiency for the UAE issuers and merchants
Indian fintech landscape has been rapidly evolving, introducing innovative features that enhance the user experience and broaden financial inclusion
Taste India's vibrant street food and cultural essence as Soul of India celebrates Independence Day with festive dishes and heartfelt community connections