Cass and Citi announce ground-breaking course

Cass Business School, part of City University , has launched a first-of-its-kind MSc elective in ‘Raising Equity Capital’ in association with Citi. 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.

The elective, which started in May, was led by Mario Levis, Professor of at Cass and Senior Managing Directors from Citi’s Equity Capital Markets Origination team. It was the first time that Citi have partnered with a business school on a course elective of this kind.

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 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.

Richard Gillingwater CBE, Dean of said: “The combined knowledge of Cass academics and Citi practitioners made this a truly comprehensive course. We are delighted to have been the first business school to work with Citi on this exciting initiative.”

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.”

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For more information contact: Helen Merrills, Press Assistant, Cass Business School Ph: 020 7040 4191 email: [email protected]

The course

Session Topic

1 Why, When, Where and How to Issue Equity

2 Selecting Advisers

3 Transaction Components

4 Deal Execution

5 Aftermarket Performance

6 Post-IPO Transactions

Notes to editors

Cass Business School Cass Business School, which is part of City University London, delivers innovative, relevant and forward-looking education, training, consultancy and research. Located in the heart of one of the world’s leading financial centres, Cass is the business school for the .

Our MBA, specialist Masters and undergraduate degrees have a global reputation for excellence, and the School supports nearly 100 PhD students. Cass offers the widest portfolio of specialist Masters programmes in Europe and our Executive MBA is ranked tenth in the world by the Financial Times.

Cass has the largest faculties of Finance and Actuarial Science and in Europe. It is ranked in the top 10 UK business schools for business, and finance research and 90% of the research output is internationally significant.

Cass is a place where students, academics, industry experts, business leaders and policy makers can enrich each other's thinking. For further information visit: www.cass.city.ac.uk.