Cass and Citi in ground-breaking link up
Managing directors from Citi's Equity Capital Markets team help to deliver MSc Elective
Msc Finance students opting for the elective 'Raising Equity Capital' this spring had a few extra lecturers in the classroom last term in the form of Managing Directors from Citi.
The elective, which started in May, was led by Mario Levis, Professor of Finance at Cass and Senior Managing Directors from Citi's Equity Capital Markets (ECM) Origination team. It was the first time that Citi have partnered with a business school on a course elective of this kind.
The course comprised six sessions of three hours contact time with the MD's from Citi. In addition, the students were expected to devote, at least, an equivalent amount of learning time in private and group study on course material reading and the preparation of the case-study presentations. The course was based on a series of recent case studies and students were required to prepare for class presentation, discussion and assessment.
The aim of the course was to provide an in-depth understanding of the issues involved in raising equity capital through Initial Public Offerings (IPOs), and seasoned equity offerings, rights issues and open offers.
The course's ten best performing students had the opportunity to take part in an assessment centre from which two students were selected for a six week summer internship with the ECM team at Citi.
Yannis Batsakoutsas, EMEA Graduate Development Manager of Citi said:
"This was a new initiative from the Graduate Team at Citi to enrich our campus proposition and showcase Citi's key principles: Common Purpose, Responsible Finance, Ingenuity and Leadership. We have found at Cass a partner that is willing to explore innovative ways to bring together new and best practice and we are delighted to offer two summer internships to the top performers of the course"
Professor Mario Levis said: "This was an extremely exciting development for Cass. Our students had access to some of the world's leading practitioners in capital markets thanks to Citi's reputation in this field. We saw huge demand for this elective and I'm sure that the practitioners from Citi have been impressed by the calibre of our students."