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5th Nov 2016At IBC 2016 , held in the LSE’s very own Old Theatre, the day began with an inspirational keynote speech given by Citi’s Global Chairman of Institutional Clients Group, Alberto J Verme. Mr Verme spoke of his experience in the industry with great passion, and imparted his wisdom regarding youth and all the invaluable opportunities presented to young people today, both in their careers and personal lives.
It was an honour to welcome Joshua Rosenbaum & Joshua Pearl, authors of the bestselling book Investment Banking: Valuation, Leveraged Buyout, and M&A. An engaging discussion regarding methodologies took place between the guests and attendees, with many difficult questions answered by Mr Pearl and Mr Rosenbaum. A lucky few even received free copies of the extremely accessible yet comprehensive volume!
AMT Training generously provided attendees with a handy formula sheet that included some of the most popular Excel shortcuts favoured by investment bankers when processing M&A transactions. Jolle Wever (Managing Director at AMT) demonstrated some useful financial models and modelling software, providing an insight into some of the day-to-day activities of investment bankers. Mr Wever also presented an award to the winners of the M&A case study competition, this year from the University of Warwick.
The networking lunch provided a much-needed opportunity to relax and converse with the speakers and other guests. A stall run by Jefferies provided useful information to students keen to explore potential career opportunities in Investment Banking and at Jefferies, whilst the stall held by Mr Pearl & Mr Rosenbaum gave attendees another chance to understand the finer points of topics such as M&A transactions and LBO analysis. There were also signed copies of the popular book available to purchase at a discounted rate!
An exciting trading simulation workshop followed the networking lunch, with an interactive demonstration of the ReTrader mobile application given by Anthony Cheung of Amplify Trading. Attendees had the chance to use ReTrader to maintain a position on a particular stock, responding to simulated effects of Brexit. We were also fortunate enough to have a panel discussion concerning investment opportunities and start-ups, where both the positive and negative aspects of venture capital, crowd-funding and angel investing were explored.
The interview workshop held by Irina Zilbergleyt was highly informative and interactive, with practical examples and an introduction to structuring answers. Ms Zilbergleyt’s experience as Associate Director of Madrid’s IE Business School and in industry enabled her to give greater levels of insight into the Investment Banking profession, and as such was appreciated by all attendees. CV walkthroughs with audience members and real application statistics proved to be enlightening for IB hopefuls.
The conference closed with an interesting perspective on M&A deals, as presented by Hari Chandra, Managing Director at Jefferies. Mr Chandra is the Joint Global Head of Power, Utilities and Renewables, and as such the deal discussed was the largest sale of an offshore wind power plant ever to occur. This deal was the 80% acquisition of WindMW (from Blackstone) by China Three Gorges Corporation, and through this, attendees were able to have a better understanding of the wide range of considerations to be made when conducting such deals.