Dr Allan Wain has long had an interest in the welfare of the homeless in Melbourne. He is a regular donor to charities assisting the homeless because of the priority he places on giving.
His reasons for giving stem from his belief that the social problems of our society are in fact solvable, and that the charitable work and donations of each individual collectively have the power to truly effect real and lasting change.
He believes that part of leading an ethical life is always to include helping those less fortunate than ourselves. He has the ability to give generously and believes that compels him to do so. He likes to encourage others to give as well, and points out that giving to others has the power to add meaning and happiness to our own lives. According to a well-known Harvard study:
"Happier people give more and giving makes people happier, such that happiness and giving may operate in a positive feedback loop."
A civilised society cares for its most vulnerable members, for many compelling reasons, including that it is good for all of us to do so.
Of all the causes to which Dr Wain could direct his donations and time and energy, homelessness is to him a vital one to support. He believes that the root causes of homelessness can be tackled successfully, and effective interventions can lead to lives transformed.
Poverty and homelessness are problems with proven solutions, and giving is a crucial factor in breaking the cycles of extreme poverty.
He seeks to support high-impact charities and programs, and believes in the power of effective altruism.
Dr Allan Wain brings his infrastructure expertise to Lighthouse Infrastructure
Dr Allan Wain’s long and distinguished career in economics and finance, particularly with respect to the strategic planning and development of major infrastructure projects, enters a new chapter as he joins Lighthouse Infrastructure in April 2017.
Lighthouse Infrastructure is a Melbourne-based infrastructure investment group with a primary focus on energy and infrastructure investment, and areas generally deemed to be responsible investment. Dr Wain joins Lighthouse Infrastructure as Head of Research and Strategy.
The appointment is an exciting one for Dr Wain as it provides opportunities to have a range of stakeholders who are innovative and anticipating future requirements, and prepared to identify and respond to the real challenges of the infrastructure sector. In keeping with the multifaceted expertise Dr Wain brings to the role, it is not a regular finance or investment banking role, but rather has a focus on the public good of infrastructure.
Dr Allan Wain’s career has been spent in the finance and funds management industry with numerous global organisations on projects based on qualitative investigations into emerging trends and opportunities for investment.
After a five-year stint at Hastings Fund Management, a fiduciary infrastructure manager, where he served as Head of Strategic Development and member of the Hastings equity and investment committee, Dr Wain joined Melbourne-based global investment firm CP2 in 2015 and was until recently the Head of Research and Strategy in that organisation. Joining Lighthouse Infrastructure reunites Dr Wain with his former Hastings colleagues, Lighthouse founder and Managing Director Mitch King and Managing Director Peter Johnston.
The role at Lighthouse Infrastructure continues the career progression for Dr Wain that has developed his expertise and professional interests in economics and engineering into three decades of experience in infrastructure research and strategy.
The role as head of research and strategy at Lighthouse Infrastructure is tailor-made for him. Charged with conducting research and strategic investigations, he will also manage a range of other European and Australian assets while continuing to develop infrastructure as a sector, engaging relevant and alternative stakeholders into the sector. He will work collaboratively with national and international interdisciplinary and multidisciplinary teams on the planning and development for global business expansion and income generation.
His particular specialty is a deep understanding of community needs for infrastructure, and the true positive impacts on communities of major infrastructure, and in bringing this knowledge to bear for the greater community good.
Dr Wain remains in his role at the Harvard Law School in Harvard University in the US as LWP Fellow in the Labor and Worklife Program.
Dr Allan Wain on Islamic finance
Dr Allan Wain carries considerable authority in debates about Islamic finance.
Since April 2017, he has been Head of Research and Strategy at Lighthouse Infrastructure, and from 2015 to 2017 he held a research and strategy role at CP2, a Melbourne-based global investment firm following a five-year stint as Head of Strategic Development for Hastings Fund Management. The move to Lighthouse Infrastructure reunites Dr Wain with his former Hastings colleagues Mitch King and Peter Johnston.
Dr Wain is also currently LWP Fellow in the Labor and Worklife Program at Harvard Law School, Harvard University, where he has co-authored a paper about Islamic finance with Harvard colleague, Dr Larry Beeferman, who is Director Pensions and Capital Stewardship Project in the Labor and Worklife Program.
Dr Wain is one of a small group of people in the West who have contributed significant work to Islamic finance, applying it to long-term social contexts. Very few individuals have a background in the two areas of Islamic finance and infrastructure and can integrate them to applications in long-term infrastructure projects.
He has studied how infrastructure in developing economies can be undertaken more effectively, including and especially in India, which has 200 million Muslim citizens, a significant 20 percent of the total population. He has developed and disseminated knowledge through his work for alternative and additional funding for critical public projects in India and other developing economies.
Islamic finance differs from western finance in preferring not to have any level of debt and not allowing for the higher leverage associated with conventional finance; and also in having no non-halal investment in the areas of gambling, alcohol or prostitution, in contrast to western finance which can regard investments in casinos and brewing companies favourably.
His paper, Getting Real About Islamic Finance, sets out arguments about the potential importance of investment in so-called “real assets” such as infrastructure in the context of pension-fund decision-making, with the meaning of making investments offered within the context of Islamic finance.
It explores the significance of “real assets” to the understanding of Islamic finance, in consideration particularly of what Islamic finance is understood to require, permit or bar.
Islamic finance calls for special attention when intertwined with investment decisions, including when under the belief that these decisions are positive ones, and are “responsible” or socially responsible.”
It discusses the supposed character of real assets as they pertain to pension investor goals and needs, and the interest pension investors may have in infrastructure-related enterprises. Special consideration is given to opportunities and investments that may be defined with reference to Islamic finance.
This includes whether the person considering investments in any way embraces Islam, and if so, how it is accepted; how it may shape worldview; and what it may require of the investor – and how thinking or acting in these terms may be desirable, relevant or useful.
This thought-provoking and ground-breaking analysis sheds light on the long-running debate about the relationship between the financial sector and the so-called “real economy”, in the context of “financialisation,” as it emerged as an explanation for the origins of the Global Financial Crisis. This debate has been mostly framed within Western thought until now.
Drs Allan Wain and Larry Beeferman cover new territory in their thoughtful framing of the debate within considerations of Islamic finance and how it is understood – or misunderstood – in the West.
To read the paper please see here
Looking toward the future, today!
With the lifespan of humans increasing well into the 90s the need for solid investment in pension funds for today and the future has never been greater. With increased investment opportunities leading to increased stability and longevity pension fund investment in infrastructure is growing. This can be attributed to the security in long term availability of funds as a direct result from longer life spans. Pension fund infrastructure investment has a two-pronged effect; increasing capital for investors whilst providing benefits to lower economic communities and surrounding regions through identified and targeted infrastructure projects which are being undertaken.
So how are decisions made regarding what, where and how to invest funds. Key contributors are people such as Dr Allan Wain, Head of Research and Strategy at CP2 and other like-minded professionals with a vested interest in economics, researching global trends and strategically targeting areas which show promise and benefit from infrastructure projects. A renowned economist and strategist, Dr Wain has over 20 years of experience in investment funds research.
What does this mean?
An investment fund research specialist is a person who typically works collaboratively as part of a small team and larger global network of like-minded professionals in sourcing, identifying and determining the best pension fund infrastructure projects. The considerations in the decision-making process for investments cover a wide spectrum of possibilities, including transport infrastructure
and social projects such as hospitals.
Given that investment into these projects is looking at multiple advantages including return on investment for investors the requirements of Dr Allan Wain and his associates in comprehensively researching, analysing and evaluating the best investment opportunities and the best locations is imperative for short term and long term gain.
With excellence in delivering measurable results Dr Wain has moved from strength to strength networking with national and international consortium's, attending conferences to discuss current and future direction.
In 2015 a large pension funds survey revealed an increasing trend for diversification in funds investment into private equity, real estate, infrastructure and hedge funds. It surveyed some of the largest global pension funds operating showing significant increases in funding of diversified infrastructure projects.
The executive summary showed:
“In 2014, retirement systems in the OECD – comprised of pension funds and public pension reserve funds (PPRFs) – held USD 30.2 trillion in assets (Figure 1), a number now well above pre-crisis levels. In that same year, the combined GDP of the OECD countries was USD 48.8 trillion. In 2001, OECD retirement system assets represented 51.8% of GDP; this number has since grown to 61.9% of GDP, highlighting the growing role of institutions as financial intermediaries. Put another way, the accumulation of savings in such financial channels has never been larger, which underscores the important role that institutions can play as sources of productive long-term capital.” (page 10)
Meeting of the minds
In 2016 the American Economic Association held its annual meeting in San Francisco. A long-time member and active constituent of the association Dr Allan Wain took time out of his busy schedule to attend this international meeting of over 13,300 of the leading economists in the world to discuss crucial topics across many disciplines in global economics. In short the focus on this annual meeting is for global economists to share ideas, thoughts and current views and trends occurring across the many countries and continents that make up earth. An expert in global infrastructure research, the benefits for attending meetings such as this are important in providing information for Dr Wain to continue his lifelong passion and drive into economic research. They also provide opportunity for international sharing and collaboration of information.
Much too confusing for most of us to understand we can rest assured that these brilliant minds collaborate on investigating and identifying the best infrastructure, and investment opportunities which provide multi-tiered global economics benefits to small communities, with an ongoing rippling effect to surrounding communities, the country and the globe. With a focus on longevity economists are constantly finding better ways of investing investors capital for growth. Diversification is becoming more prominent and meetings such as the AEA annual meeting allow like-minded professionals to gather and discuss global trends.
As the head of research and strategy at CP2 the collection of information and wealth of knowledge shared is instrumental in the planning of which infrastructure projects to undertake; the level of diversification to invest in; and in being able to provide solid intel to investors on the opportunities, risks and “return on investment” expectations.
Actively contributing within these meetings as a highly regarded long-term economist with specialist experience in the field of research in global economics with outstanding delivery on projects outcomes with measurable achievements, Dr Wain uses the information gathered to provide intel guiding his research focus which enables him to source and identify new areas of opportunity.
Building today for a better tomorrow
WHAT IS GLOBAL INFRASTRUCTURE?
Global infrastructure simply put is the construction of buildings, roads, railroads, bridges, train lines airports and other forms of communication and places of business and work on a global level.
HOW DOES GLOBAL INFRASTRUCUTRE IMAPCT ECONOMY?
Global infrastructure impacts on economy in a twofold process. Initially it is involved in generating workflow for local communities throughout the construction process. This work flow can begin before construction begins by employing locals to survey, conducting assessments and evaluations to determine the best locations etc. Behind the scenes there is a lot of work involved in ensuring that infrastructure is built in areas where it will have immediate and long term effects not only on the local but on broader communities and country. The second and more important impacts are the long term economic effects it will have on the community by generating ongoing employment, increasing tourisms which again helps communities to increase employment and decrease unemployment.
HOW ARE LOCATIONS CHOSEN FOR INFRASTRUCTURE PROJECTS?
Locations are selected through a rigorous form of evaluations and research which is conducted by a team of professionals whose sole focus in on determining the best locations for infrastructure, what type and to what degree of infrastructure is to be developed and then to determine strategic processes to ensure that the end results sare financially sound for both investors and the community or country.
Dr Allan Wain is one such person. He has devoted his career to the research and development of strategic plans for large scale infrastructure projects globally. Presenting his finding to global investors demonstrating measurable deliverable and the returns on investments. He has and continues to work and actively participate as part of global network in efforts to develop long-term sustainable infrastructure and employment.
Helping business better manage assets – Enterprise Asset Management
WHAT IS ENTERPRISE ASSET MANAGEMENT?
According to Wikipedia: www.wikipedia.org
“Enterprise Asset Management or EAM is the optimal lifecycle management the physical assets of an organisation. It covers subjects, including the design, construction, commissioning, operations, maintenance and decommissioning/replacement of plant, equipment and facilities.”
It is a crucial component of any large scale organisation or global funds management system. Enterprise Asset Management’s allows companies and stakeholders to actively monitor and review their assets though the products lifecycle. Management can clearly see the costs involved in construction, repairs and maintenance. Additionally, clear information is provided on expectancy of each components, piece of plant equipment or a facility through dollar value.
Enterprise Asset Management allows financial officers, and management to make informed decisions on increases, decreases in equipment and other factors which affect the profitability and production of their enterprise or business. As an Enterprise Asset Management Expert, Dr Allan Wain actively communicates and networks with global organisation and senior management and investors researching best practice methods. He sources and offers financially sound alternatives and ways in which organisations can help communities whilst helping themselves.
Dr Wain uses his knowledge, expertise and entrepreneurial skills, combined with his background of understanding complex issues related to enterprise asset managements and business success to advise on future projects, viability of current projects and how to better enhance business performance.
As a passionate and dedicated strong influencer and mediator Dr Wain has a proven track record of business development, marketing and communication. Dr Wain has established himself as being capable of radical thinking, developing new and innovative strategies within the ethos of his employers and aligning measurable deliverables with successful results. Dr Wain has a proven ability to work in a diplomatic and practical manner to ensure that change is delivered in a sustainable way.
A Career that has stood the test of time
LONG STANDING CAREER
With a long standing career extending over 25 years, Dr Allan Wain has proven his dedication and commitment to the research and identification of strategic economic growth and development opportunities. His skills are highly coveted across the globe. Dr Wain collaborates as part of multinational networking communities on the best courses of action globally. With the skills he has developed and the knowledge gained over decades of committed work, Dr Wain’s opinions and information are highly regarded amongst equally skilled and experienced peers.
Through Dr Wain’s efforts and employment with leading strategic economic firms including:
WHERE IT ALL BEGAN
Dr Wain’s love of economics, infrastructure and research was developed from an early age. His father was instrumental in sculpting the man which stands to today. Allan was encouraged by his father to accompany him to work where he found his passion, which to this day drives him forward, continually striving to attain the best outcomes.
WHERE IT WILL LEAD
With Dr Wain at the helm of such important matters working behind the scenes, regarding global financial situations we as a nation can rest assured that the best projects are being developed and constructed for the good of the nation, the good of local communities and the good of national and international economics.
Globally Recognised Infrastructure Research Expert
The impact of infrastructure research on growth and international perspective
Dr Wain has devoted his career to the finance industry with a specific passion for infrastructure, how it affects immediate communities, the immediate economy and the far reaching effects each proposed and completed infrastructure project will have on global economics.
HOW DOES INFRASTRUCTURE RESEARCH HELP?
When investigating new proposed infrastructure opportunities and proposals there are many things which need to be considered. The benefits of infrastructure are deemed over a life time cost in how it positively affects communities and economics through employment and return on investment to investors. Infrastructure can be classified into many contexts, including equipment, facilities and soft infrastructure (software, databases, etc.). How these are identified is a process which involves a great deal of patience and through investigation into emerging trends, current market and economics, the need and cost of maintenance and operational costs. In addition to this, infrastructure needs to have a positive effective with local and global economics.
The role of infrastructure research is to coordinate information from various sectors including:
The consideration of strategic financial allocations
Assessment and evaluation of information
Funding costs and return on investments for internal and external stakeholders
Dr Allan Wain has been pivotal over his 20+ years in the industry, identifying areas of potential for maximising positive economic growth through his efforts and lifelong commitment to economics and infrastructure identification.
DEFINITION OF INFRASTRUCTURE
“Infrastructure refers to structures, systems, and facilities serving a country, city, or area, including the services and facilities necessary for its economy to function. It typically characterises technical structures such as roads, bridges, tunnels, water supply, sewers, electrical grids, Telecommunications, and so forth, and can be defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions."
The broad definition of infrastructure above only touches on how the comprehensive efforts of Dr Wain and fellow professionals assist governments and private companies to provide communities across the world with opportunity for growth and future stability.
The specific style of infrastructure which Dr Wain specialises in is Asset management, Appropriation, Finance, pension funds and the like. Through his efforts over the years he has undoubtedly contributed on a small and grand scale to a great deal of projects which would otherwise have been unrecognised.
Active contributor with LWP – Harvard University
Dr Wain proactively contributes to the LWP (Labour and Work Life Program at Harvard Law School). The LWP is a forum for research and teaching on the world of work and its implications for society. As a leader in investment and infrastructure with over 25 years of practicum and application Dr Wain provides specialist insight in critically analysing labour issues, infrastructure opportunities, project availability and viability and the direct and indirect effects on local and broader economy and society.
As part of a highly specialised multi-teared, multidisciplinary team of experts from across the globe the knowledge and skill which Dr Wain provides in his chosen field of infrastructure and economy is instrumental is providing intel on current research, market trends, and opportunities. Dr Wain aligns himself well the mission and strategic plans of the LWP as part of a global body of experts who actively contribute to the successful LWP program which seeks to integrate its work with the Law Schools mission.
He provides mentoring and advice on his speciality (infrastructure and economics) for law students and colleagues (which consist of highly acclaimed world renowned scholars and policy expert, each one a leader in their chosen field), attends global summits and contributes with latest intel and research finding, providing innovative strategies. Working collaboratively, Dr Wain investigates labour and employment activities helping to identify global programs and projects which have been undertaken by the LWP program to better understand how the labour market affects the world, economy and society on a community, national and international level.
Dr Wain has been an active and influential member of the society since 2014 and continues to devote his time and knowledge for the betterment of society and in providing professional development opportunities for the next generation of economists.