September 5 , IIF, New Delhi : Indian Institute of Finance & the Saint-Petersburg Academy of Management and Economics (Russia) have signed the Memorandum of Understanding (MOU) to further the cause of research and education in the field of Financial Economics on 5th September 2007 at Saint-Petersburg Academy of Management and Economics Campus in Saint Petersburg, Russia.

The MoU signed between Saint-Petersburg Academy of Management and Economics and Indian Institute of Finance has been furthered in connection with our Chairman Prof. J. D. Agarwal's visit to deliver the Opening Keynote Speech at the Russian Academy of Science IPME Scientific Conference on 4th September 2007 in St. Petersburg [The text of his speech is available online at www.iif.edu].

The academic collaboration would further the cause of enriching research in Financial Economics, conduction of joint and exchange programs at both faculty and student levels. This would also help build stronger socio-cultural ties between the nations and its people.

The Saint-Petersburg Academy of Management and Economics Russia, a state-run institution of higher education of the Russian Federation Ministry of Education and Science founded in 1990, intends to take the state educational system and qualitatively new level of experts in training and research.

The agreement was signed between Prof.Victor A Gnevko, Rector,Saint-Petersburg Academy of Management and Economics and Prof. J. D. Agarwal, Chairman IIF, seconded by Prof. Alekset Kiroyashkim, Vice-Rector, and Prof. Aman Agarwal, Vice-Chairman IIF during their visit to the Institute.

The following other SPAME Russia gracing the historic moment were Deans of schools of the University - Prof. Vladimir Rokhchin (Vice-Rector, Scientific Activities), Prof. Vyacheslav Bakharev (Vice-Rector, Development), Prof. Elena Ivleva (Dean, Faculty of Economics and Finance), Prof. O A Grunin (Dean, Faculty of Management), Prof.Yakov Margulyan (Dean, Faculty of Social Management) and a series of other senior professors and deans. The deans present at this occasions represented the Faculty of Economics and Finance, Faculty of Management, Faculty of Law, Faculty of Social Management and Faculty of Institute of Presidential Training and Development.