LIBOR's finance summit at Nasdaq demonstrates strong alumni support, Wall Street connections

Wednesday, May 7, 2014

The Little Investment Bankers of Rutgers strengthened their relationship with Rutgers Business School alumni working on Wall Street during the LIBOR annual finance summit on April 22 at Nasdaq.

Nearly 150 Rutgers Business School students and more than 70 alumni journeyed to New York City to celebrate LIBOR’s 20th anniversary, to network and listen to a panel of distinguished senior alumni speak about "Discovering Value in Today’s Markets.”

A collection of professionals from the financial industry left the audience with insights.

The evening began with a keynote speech from Greg Francfort, a LIBOR co-founder who now works as a senior portfolio manager at Neuberger Berman.

During his talk, Mr. Francfort spoke about LIBOR’s progress during the past several years, including the performance of the Bender Trust Fund. Francfort also described the traits of a successful investor.

In recognition of his support and dedication to the organization, Francfort was presented with LIBOR’s first "Distinguished Service Award” at the summit.

Rutgers Business School professor Ben Sopranzetti, who is part of the Finance and Economics faculty, served as the moderator for a discussion among panelists, Art Certosimo, CEO of Global Markets at BNY Mellon; Marilyn Clark, head of U.S. equity sales at Citigroup; Jay Levy, founder of Zelkova Ventures and Steven Saslow, a consultant with The Blackstone Group.

The panelists were asked to discuss their views on where they perceived value for investors in the next six to twelve months.

"[For] value I definitely go global in investment,” Certosimo said.

Saslow echoed that sentiment, saying activist managers have been making a substantial amount of money abroad. The panelists also explained the impact of excess liquidity on corporate balance sheets, pointing out that merger and acquisitions activity has been on the rise, including in the venture capital space.

Nearly 150 students from Rutgers Business School attended the summit.

Among the many Rutgers alumni attending the event was Nikhil Nichani, an equity research associate at RBC Capital Markets.

"Every year the event continues to grow with more and more students and even alumni taking the time to spend an evening with each other,” Nichani said. “As a former student, I know how difficult it is to break into the industry so a forum like this, where students can meet alumni and learn from them, is pivotal to their success.”

LIBOR was started in 1993 as a club to help prepare students for careers on Wall Street. One of its core activities is an annual project to pitch ideas to help Francfort grow a $2.9 million trust fund – the Bender Trust.

This year's annual summit attracted a standing-room only crowd, which pleased current student officers.

Students had a chance to network with Rutgers Business School alumni who are working on Wall Street.

"I think this is a testament to how far LIBOR has come at Rutgers University," said Evan Lee, co-president of LIBOR.

"Not only did I see New Brunswick students at the event but also students from the Newark campus,” Lee said. "It is gratifying to see that our dedication to helping students in their career development has made such an impact on the Rutgers Business School student body.”

Eric Lang, co-president of LIBOR, said the attendance of students from both campuses and a record number of alumni was a big leap forward for the finance summit.

"We hosted this summit in New York City because we wanted to encourage alumni to attend since they are so instrumental in our success,” Lang said. "I was  thrilled to see that we were successful and brought out so many alumni who were first-time LIBOR Finance Summit attendees.”

The success of this year’s summit was as a result of the generous sponsorships of Nasdaq, the Rutgers Finance Alumni Network, the Rutgers Business Governing Association and the Rutgers Finance Society as well as the efforts of the executive board of the Little Investment Bankers of Rutgers.

TAGS: Alumni Ben Sopranzetti Financial Alumni Network LIBOR Networking Thought Leadership Undergraduate New Brunswick Undergraduate Newark Wall Street