THE IE'S FINANCE CLUB CONTINUES ITS PROLIFIC STREAK OF HIGH VALUE EVENTS WITH THIS YEAR'S HIGHLY SUCCESSFUL INVESTMENT BANKING DAY

The Dean opens the session moderated by Arpad Von Lazar and the other speakers:Friedrich-Wilhelm Göbel, Roger Ramos, Ignacio de la Torre and Agustín Mariani

Fortis and the IE Finance Club offer students the unique opportunity to discover the realities and current trends in the world of Investment Banking and Corporate Finance through the expert opinion of some of Europe's most reputable bankers.

Madrid, Spain (June 25th, 2007) - With an agenda packed with activities ranging from area specific workshops to networking opportunities, this year's Investment Banking Day brought together some of the best investment bankers Europe has to offer, with a large number of investment banking hopefuls from the IE's master degree programs for what some called - the best Finance Club event so far.

Damián Rubianes in his workshop, and in the cocktail with Friedrich-Wilhelm Göbel

Adding to their already prolific list of events conducted during the 2007 academic year, the Finance Club's Investment Banking Day started off with three separate workshop sessions covering the topics of Structures Credit Sales, the M&A Process and Private Placements (an alternative to an IPO). Once the group reconvened at the IE's Aula Magna, the panel of reputable investment bankers participating in the event conducted a conference highlighted by insightful discussions on trends involving M&A boutiques and the corporate derivatives market, issues dealing with China, credit cycles and implied risks reflected in the financial markets, as well as matters concerning the consolidation of the European financial system. Professor Arpad Von Lazar, member of the International Advisory Board of the Instituto de Empresa, moderated this part of the event.

The event's main sponsor for the third year in a row was Fortis, one of Europe's top 20 financial institutions. Representing Fortis in the event were Roger Ramos (Head of Merchant Banking in Spain) and Damián Rubianes (Cum Laude alumni of Instituto de Empresa and Associate Director of Fortis Investment Banking). Mr. Ramos' valuable contributions to the event were backed by his excellent experience in M&A transactions that have reached a collective value of €30 billion. To the same extent, the contributions made by Mr. Rubianes, who boasts an impressive track record with tenures at JP Morgan and senior roles at Ernst & Young's Corporate Finance M&A Advisory and Valuation group, were of great value for the participants. Present at the event were other experts in the field of investment banking from leading institutions such as ABN Amro, Bank of America, Santander, UBS and Viscardi Group.

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Only one year ago Denis Francis was here organising the IBD. Today he is coming from London with the Bank of America to share knowlege and to recruit

After the event, the representatives from Fortis provided the following comments - "We are delighted to sponsor the Investment Banking Day of IE's Finance Club. These bold and self-motivated students have shaped a challenging initiative into a long-established event that gathers future business leaders with top global investment banks in a thought-provoking atmosphere."

The organizers of the event were Miroslav Toshkin, Sandy Samaan, Federico María Giraldi, Svetlana Lenivkina and Joaquín Ruiz Tarré, all IMBA07 and coordinators of the Finance Club. They both were tremendously grateful to Fortis for their sponsorship and support, which were key to making the event possible. Moreover, they were both elated at the feedback provided by some audience members who approached them with nothing but positive comments about the event.

Almost all members of the Finance club co-ordination team with Damián Rubianes

About the IE Finance Club
The IE Finance Club is a student run organization that aims to help IE students learn about careers within the finance industry. The club hosts a number of events throughout the academic year, which are conceptualized and organized by its more than 45 members who are divided into several teams (e.g. education session, private equity, private banking, investment banking and stock market competition).

About Instituto de Empresa
IE Business School is a leading business school recognized as being among the top 15 business schools worldwide, oriented to training entrepreneurs and company directors through its masters and executive education programs. IE Business School is characterized by its global approach, its spirit of entrepreneurship and innovation, the development of applied research projects, and the promotion of socially responsible initiatives. Instituto de Empresa currently has a network of 35,000 alumni that hold management positions in 85 countries.

Club Contact:
Finance.Club@ie.edu
Press Contact:
MediaComm.Club@ie.edu

Communicated by:
MediaComm

GLOBAL VILLAGE, SECOND EDITION

Wednesday, the 4th of July, the Global Village took place at Instituto de Empresa. It was organized by IE Net Impact chapter but we would like to thank everyone who helped out in any manner. These people include the organizing committee, the country stand coordinators, those who prepared food or presentations, and all those who attended and helped support this cause.

Photos: © Otmar Winterleitner

The event raised around 2.000 euros which will be split between four NGOs: : Koinonia (Kenya), Skip (Perú), Un Techo para mi país (Latinoamérica) and New Gate to Peace Foundation (Jerusalem) further to the election of each student.

Do not forget to click on the pics to see them bigger!

At about 3 in the afternoon, many people began the preparations, led by Stephane (IMBA07) who took charge of the logistics. At the door, the rest of the people were met by Guillermo (IMBA07), Lau (MBA07), Sole (MBA07), and Brent (IMBA07). More than 200 people attended! They were IMBAs, MBAs from September and February intakes, the Master in Telecom and Digital Business, Master in Finance and Marketing.

The Arab table, well, capet and the Samba guys

Spain is different, indeed, serving paella with a polo shirt... Ecuador and Vive la France!

Photos: © Otmar Winterleitner and SO

The regions and countries represented were: Arab Countries (Egypt, Iraq, Lebanon among others), Brazil, Central America (Honduras, El Salvador, Costa Rica, Panamá), Colombia, Dominican Republic, Ecuador, France, Germany, India, Italy, Japan, Macedonia, México, Netherlands, Peru, Portugal, Russia, Spain, Switzerland and USA.

Germans and Indians, BBQ + TATOOS

The Global Village had a dual purpose: to raise money for the NGOs and to celebrate the diversity of countries at IE. IE has a very international student body, so we should take advantage to learn about the cultures of others in all aspects.

Japan and Eastern European Countries, here Macedonia, Slovenia and Bulgaria

The typical dress and dance, the food and drink, even manners of smoking were demonstrated. We saw how typical Indian tattoos are done using inks brought from this land, which will last several weeks! We tried tasty German sausages, arepas Colombianas, Spanish tortilla, Swiss raclette, Brasilian guarana, or Portuguese Port. It was an advantage to be able to smoke sisha over the luxurious Asian carpets surrounded by classmates.

¡Viva Mexico!, the Netherlands and Russia Na zdarovia!

Photos: © Otmar Winterleitner and SO

Under the hot sun, Cervezas Sol were enjoyed very cold, one of the brands of beer that the Mexican community likes, and also everyone else too. At a certain moment of the afternoon, the time of the Brasilian Samba arrived, and everyone began to dance. The Partners Club was present too, as Karina’s presence showed. Otmar, as always, took very good photos.

Peru, great Ceviche! and Spain: tortilla, croquetas and paella

When the sun went down and it was time to end the event, it was very difficult to accomplish since the unforgettable moment meant no one wanted to go home.

Portugal with the Spanish Professor, and Didn´t you know? now Switzerland is between Peru and Ecuador!

Again, thanks for participating and making this one of the most interesting and diverse events at IE!

Photos: © Otmar Winterleitner and SO: We had almost everything!: Kilts, San Fermín, Great Yuca and perfectly sweet dates

Photos: © Otmar Winterleitner

We had great time! Thank you Sol!

Otmar, behind the camera you always miss the photo!

Olga Slavkina, Wally Olins, Max Oliva, Juan Pablo Ramírez and Jacob Benbunan (photo, Irene Medina)
Some time ago, Olga Slavkina (IMBA 07) was told that if she wanted to know something about brands she should read "On Brand", Wally Olins' latest book. Outspoken and abrasive, he is the Chairman of Saffron and one of the most claimed authorities in branding.

Now, while working on her MBA, she had the great idea of sending Wally an e-mail asking him to be the first guest of the Funky Business club. The following day she received an answer from Wally himself, accepting the invitation. More

6 Billion Euros changing hands in 5 minutes; Bloomberg, BBC and TV1 making their finishing speech at the Bolsas y Mercados Españoles were among the few things that the Finance Club of Instituto de Empresa experienced on their June 18th visit to the BME.

Our group received a warm welcome from Mr. José Antonio Pérez and his team followed by a guided tour of the trading floor, the ceiling of which in the artistic sense represents all industries of Spain. "Although most of our days' trading is done electronically a morning presential session takes place every working day" as explained by Jose with further comprehensive ratification of the functions of the different trading pits.

Our group then moved towards the state of the art conference room where Mr. Pérez gave us a presentation on the "closing auction" this is where we also witnessed 6 billion euros changing hands during the last 5 minutes of closing of the markets.

We walked out of BME having the practical knowledge on how the stock market and the electronic exchange works.

Here are some of the quotes that present shared:
Samarth Sheth: "Amazing practical knowledge; "closing auction" was only theory before we actually witnessed it at BME".

Miroslav Toshkin: "The visit was thrilling, and at the same time interesting, because I worked on the stock exchange in Bulgaria and with this visit I could get in touch with the latest technological achievements and functioning of one of the most advanced trading platforms in Europe. I think we should turn this cooperation into tradition, so that the next class of finance enthusiasts at Instituto de Empresa could benefit from the good relation and reception, we received at BME".

Joaquín A. Ruiz Tarré: "We were impressed by the amount of transactions that take place in a few seconds and the importance of the SIBE system (i.e. sistema de interconexión bursátil español) in today's global finance world".

About the IE Finance Club
The IE Finance Club is a student run organization that aims to help IE students learn about careers within the finance industry. The club hosts a number of events throughout the academic year, which are conceptualized and organized by its more than 45 members who are divided into several teams (e.g. education session, private equity, private banking, investment banking and stock market competition).

!!!! TERRACE TIME !!! JOIN BOTW AGAIN …

General Information¿Donde/Where? LA LATINA
¿Qué/What? BOTW
¿Quiénes/Who? Everyone is invited / todo el mundo…
¿Cuándo/When? VIERNES, 6 DE JULIO, 2007
¿Horario/Schedule? 21:00 till 02:30
¿Precio/Price? From 7 to 9 €
¿Metro? La Latina (L5)

EL BOTW tiene el placer de invitarte a disfrutar de uno de los lugares mas divertidos de Madrid: La Latina. Para ello, en vez de ir a un sitio único, la idea es disfrutar de los varios sitios que hay disponibles. El último sitio a donde ir es la terraza del Parque Atenas.

The BOTW has the pleasure to invite you to one of the funniest places in Madrid: La Latina. Since bars are small, instead of going to a unique bar, the idea is to go to a bunch of them. The last place to go is the terrace of Parque Atenas.

Places to go:
Nombre: EL VIAJERO, Dirección: Pza. de la Cebada, 11
Nombre: Café Marula, Direccion: Calle CAÑOS VIEJOS, 3
Nombre: Terraza parque Atenas, Direccion Parque Atenas, al final de la cuesta de la Vega.

Rok, Leonardo, Borja y Borislav

Un equipo de alumnos del Master in Financial Management del Instituto de Empresa ha ganado el 1er premio en la competición CFA-Banco Santander que han organizado CFA Spain y Bolsa de Madrid, con la colaboración de Banco Santander y el diario El Economista. El equipo ganador estuvo integrado por el alumno búlgaro Borislav Koev; el español Borja Alba Celemín; el brasileño Leonardo Camozzato, y el esloveno Rok Ster, que desarrollaron análisis bursátil del Grupo Santander y realizaron una recomendación de inversión, ante un jurado integrado por directivos de CFA, Banco Santander y el diario El Economista.

La valoración incluyó los métodos más habituales relativos a entidades financiera: suma de las partes y múltiplos, así como descuento de dividendos. Pero este año fue especialmente complicado porque cuando estábamos desarrollando este trabajo surgió la noticia de la oferta de compra de ABN Amro por parte del consorcio Santander-Fortis-RBS, en respuesta a la oferta original planteada por Barclays. Este hecho implicó un esfuerzo adicional en la valoración, al tener que valorar los efectos de dicha propuesta”, señala Borja Alba, uno de los miembros del equipo ganador.

El Master in Financial Management (MFM) del Instituto de Empresa está orientado a jóvenes que quieran desarrollar su carrera profesional en empresas relacionadas con el capital de riesgo, mercados financieros, gestión de inversiones, consultoría financiera y auditoria, así como las finanzas públicas, el mundo de las finanzas corporativas o la asesoría financiera independiente. Se trata de un master de 10 meses de duración, que se imparte en inglés y proporciona conocimientos profundos de gestión en el área financiera. El programa consta de un periodo de formación en management seguido de una etapa de especialización en Corporate Finance, Mercados Financieros, Banca y Seguros, Investment Management y Habilidades Directivas. Los participantes deben presentar, además, un trabajo de investigación y un trabajo práctico sobre valoración de empresas. Y, de manera opcional, pueden preparar el primer examen para el Chartered Financial Advisor (CFA®).

Dear IE students,
The Finance club offers you next Tuesday 10th of July at 18h, Serrano 99 in S-101 a seminar about: "Warrants valuation and risk parameters".

This seminar presents one of the most liquid instruments in the Spanish equity derivatives market.
The aim of the conference is to provide a comprehensive background of warrants and its usefulness to set an investment or a hedging strategy.
The seminar will be conducted by Rodrigo Manero, Head of Santander Warrants Desk.

The event will last about one hour and the places are limited! Don't forget to register at finance.club@ie.edu indicating Warrants!!!
Please do it before Friday, 6th of May so that you can book your place!

What Investopedia says about Warrants:

A derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue as a "sweetener" to entice investors.

The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months.

http://www.investopedia.com/terms/w/warrant.asp

We wish to see you all there.

The Finance club

Despite the tough winter and the heavy workload, we did it!
After 4 months of training, we were finally ³prepared² for the race. 11 MBA students accepted the challenge and took part in the San Sebastian's Sprint Triathlon (750m Swim, 20km Cycle, 5km Run), which took place last Sunday 10th of June 2007.
All of us finished the race despite the difficult conditions, the inappropriate bikes and freezing cold water!
So, please join me in congratulating our team!

A pesar del largo invierno y las cargas de trabajo los pasados meses, lo logramos!!
Después de 4 meses de entrenamiento, pudimos prepararnos para el triatlón.
11 estudiantes del IMBA aceptamos el reto y fuimos a competir al Sprint Triatlón de San Sebastián el pasado 10 de Junio de 2007: 750m nadando + 20km bicicleta + 5km carrera. Todos nosotros logramos llegar a la meta a pesar del clima, lo inapropiado de nuestras bicicletas y el agua congelada!
Así que, porque no se unen a mi para felicitar al equipo...