Fred Chavalit Tsao took over as Chairman of the IMC Group in 1995, the fourth-generation steward of a business that started in The Shanghai Bund, transforming the shipping company into a multi-national conglomerate with diverse business interests. The manifestation of many years of exploration and study, Tsao later formed a research center, conducting ongoing research in areas of globalization, societal and management issues. Octave Institute, a unique blend of Eastern wisdom and Western science, is a response to our societal needs for the healing and fostering of a harmonious community.