Singapore’s Indian-origin investment guru Narayana Iyer Narayanan dies
Narayanan, who had deep knowledge of the stock and share market dating back to the 1960s, died after suffering a heart attack on June 23, reports The Straits Times
Singapore’s Indian-origin investment guru Narayana Iyer Narayanan dies
Singapore: Singapore’s investment guru Narayana Iyer Narayanan, who represented the interests of minority stakeholders in major corporations, has passed away. He was 95.Narayanan, who had deep knowledge of the stock and share market dating back to the 1960s, died after suffering a heart attack on June 23, reported The Straits Times.
“Even at 95, dad was still very keen on financial news. He would check the Dow Jones index, the stock price of Sats, the British pound and Malaysian ringgit daily,” the broadsheet quoted his daughter Rema as saying.
Her sister Radhika added, “He was a champion of small shareholders. He believed they have the right to understand what is happening in companies they invested in.”
Armed with a degree in mathematics, Narayanan started his career as a stockbroker in the 1950s. In 1968, he became the first Indian director of a stockbroker, Ong & Co. Later, he joined Alliance Securities as a director. He retired in 1999 at the age of 72.
The active retail investor was often seen at AGMs and extraordinary general meetings (EGMs) of major Singapore banks and companies such as soft drink manufacturer and property group Frasers & Neave (F&N) and telco Singtel.
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